|
COVENANTS 200303306
<br />1. Payments. Borrower agrees to make all payments on the seemed debt when due. ml... Borrower and Instills ap nrhero ise, mry aynnals Lender receives from
<br />Borrower or for Borrower's benefit will be applied first m any a. m ors Ranoli owes on die smuod debt eeclm..cal martJ or pnncipal, second m iri and Ihen m
<br />,normal, If purist prepayment of the securcd debt occurs fior ony reason, it will rot rNace or excuse any scheduled payment until the secmM debt is paid in full
<br />3. Claims Agaiii Title- Hanover will pay all texas, assewments, and other char... amibutable to the property when due and will datend title to the pmpeny, against
<br />mry
<br />olnow which would impel, the lien of Ibis deed of true Lender may require Borrower to assign any nights, claims or def net. which Borrower nrry hm-e against
<br />parties who supply labor or materials to improve or maintain the propery.
<br />d. linatimplaract. Fictranneve, will keep the progeny appealed under terns umeprable to Lender at Borrower s aspen and for Lende's benefit All Inn r., c ethic shall
<br />ncludeu standard mortgage clause in Perrot Lender Lcadcr will be named as loss Ares, cr as Ibe insured nn anyesucn Insu soce pohov Any insurance procc+ds may be
<br />applied, within Lender's discretion, to either the rent....... or mpon of the carter pnnpe.1, o. to the seoucd debt If Lead,, requires mortgage insardpca Borower
<br />agrees to maintain such insurance for as long as 1 ender rrgnires.
<br />0. Property. Borrower will keep the property in good condition one make all rgnlrs reao.ably necessary.
<br />5. Expenses Borrower agrees to pay all Lender s expenses , including, ie mabl call ays fees, if B n a bnonk } covenants this deed of trust r .n any
<br />obligation secured by this deed oftmsL Borrower will pay these amounts m f older as pervious in A ovemant 9 of this deed ofwat.
<br />6. Prior Security barren, Unless Burrower most obtains Lead etimn protest, R .. will not make or human ally changes 10 ally Forts sear y 'ntPM1SIS.
<br />Bormwet will pperform shot borrower's obligatiena under metric. mortgage, deal uCoast ur other clarity a,b,car at including Borrowers rmvatams In make payments
<br />when due.
<br />7. Assignmcut of Rents antl Pra @s. Borrower assigns ,, Lead,. In, rents and profits of file property. Unless Borrower and Lenderhave agreed otherwise in writing,
<br />tlorewcr may collect and retain the rents as long as Rnnower is ram is default. If Borrower defaults, Leads, lender's agent or a wart appointed naive. may take
<br />possession and manage the Property and collect We rents. Any rents Lender collects shall be applied IT to Bra a 1, of managing the property, including coed costs and
<br />antmeys' free, ie naofssiom to rental agents, and any other necessary related expense. The mmainirg amount of 'a-" will than all, in payo lot, err the...... of debt as
<br />provided in Covenant I.
<br />S. Leaseholds; Coadomtntums; Planned Unit Developments. Rorrower ignore an wmply with the provisions of ent, lease if this deed of cast to on leasehold. If this
<br />deed of trust is on a unit in a eondnminium .. a planned unit development Borrower will lother n all of Renown i duties model the eovcnants, by laws,'a "palm..... of
<br />the eondmnlrinm In planned unit devdopmaa.
<br />9. Authority of Lender to Perform for Baltimore. If Rorswer fails to perform any of Rorrowe's dunes made,this deed of east Lender may p lgral the duties or
<br />ache to be y grof ml. Lead er,ay sign Berm n lay ral if spay PI Performance, Ifele, corrali deproperty is ifiscomproodri not
<br />eorrivlon- invinamompablemareper. Lendermaydo whatever is ",,u,saiv topmtruLd,, sections m Cpart Iepr.city TIs ndudew nplen nerhe cnxtrcfarI.
<br />Lender's failure to Perlin will net preclude Larder from cA,na, pg spy of its p rights under [he law (a this deed of rnal.
<br />Any amounts paid by Forms to protect Lender's se ... ly latcreat will be secured by III decd of nast Such mecums will be ducmo demm..d and will ban intecsl from the
<br />date of the paymenn until paid is fall arthe interest rate in effect nn Poe tripled debt.
<br />18. Default and Acceleration. If Bra owe Y l to ake any payment b I . ,, leek- I,, remains and this d I ofol or - an, ofhamen ur e be this`real A
<br />a,,or any p -n I a v.nge mrdeed ofnast Leader at., accelerate Meant ty ufN, veered debt and demand Lantsball, ton tit and may invoke the Vowel -i:al. and
<br />any other cnWrc, pc.,U,d by applicable law.
<br />11. Request far Notice of Default. Il is hereby mquested the. cnpl es ofthcI I,,ofdetaratand sale be on or "Ill Valon who is apart' hereto, a, the. and .... ofcurb
<br />such pets....... forth herein.
<br />11. Power of Sale If the Lcadcr mvok,a the powe of sale, Me Tralao, _ fral I fit,[ ,,bid at the office if ... ter ofde d , )reach tomal, all d lips' pmpedy (
<br />rte part or parcel thereof is duarmad a notice of del, e It containing the - information q -. t by law. 1 he trustee shall also it rap ex of the notice of default to the
<br />Bennwer cash prom who Part, hirn'to and In thin plopers a, pneourbal by a .... brablelm, - Nial,ei
<br />or two grantles ifthe man L pry is not inage incorporated I,, or phase 1' :eel ... faro ngoPumt - I nil by the train, th Imove shall give lfi ticeof
<br />sale to the Lip ad in the ugam pmvaribed by aliplicalf1p, l Trustee without d d so, B - Iall:'ll the Property at public --conal In III, highest hadde If
<br />rttp mxl by the Perm Homestead Proportion Act Toast, ehall offer the propery, 'n win wasnate sales as required by applicable law Torstiou one postpone sale of all or a v
<br />,once .1 the proper, by Fall c aunonocnnenl at the time and place refany lip eviontisly sehampal salt. Lc do or'Iedeigru auy puthascthe property starry sal..
<br />Piano neurons ifpaymcnt of,hopi hill Tage, shall df Mo the purchaser Trustee's deed consaym, th pr<pery Thoe,ttinka turned In havoc, , deed F,illbe
<br />prima facie evidient ofthe both of th statements conitaireal th Tinstiou .hall apply he proceeds ftl ,d, in III, Following tild 11) In II .... race of ob alp.
<br />'relining, but not hated to reasonable Tmatee f.. easonable loorms s fee, and minatimment fee,Ill) Ir all sunssees, Wbythisdeed.fmsr, and(.) the balance . if
<br />any, to the persons legally emitted to tmdve it
<br />13. Furrelosnre. AtLandeI..ptioe, this deed efoum ... a, be imw Ionic in the manner pmvlded by applicable law lb, fir,,Innnre ocoangsgu on nalpropnry.
<br />IC. Inspection. Lender may inter the property to Inspect it if Lender gives Borrower nonce bef eland- ITC notice must sum the. owlialp cause for Lender's
<br />nupeclion
<br />15. Condanmmion Borro we, pa toLend the g000rd, of a, wind , claim f -d g td itha d c tl - taking of ell or an an of dre
<br />property. Such proceedswll he applied as previded ill Covenant l -Th -. ..gone if i, sublet o the tern of ry, on emu ty agreemmrt.
<br />16. Waiver. By exemising any merely available in Loplandle, L d does let else I lights to later use u v, other - .medy. By not OXerelling any onoedy n pun
<br />Borowar's default Lender do rot area any nghtw laterconsidc see m a defaullt it happens again
<br />17. Joint and Several Liability; Co-signers; S and Assigns Bound All do rue, under this decd fall' j t aid al. An, Bilower lin a - - -gm this
<br />deed of.. but does not ri the appinal,all debt ba netts) does so only to grant and convey that Rhani interest al the property m ill, Towle under the terms
<br />ofthlsdeed oftols, To addrucal. reach aB rower g -.. that (he L d and any th Biennia andet th deed of trust t d, modify or make am other changes ill
<br />For terms of Mrs dad oftm. par M, cameo debt withoutthat Sonvi consent and without teasing thin Borower forn (fie turns of this deed often.
<br />The duties and belief,,, of his decd of wet shall bind and benefit the Incessant, and assigns offender and Bonowal
<br />18. Notice. Unless tl wn required by Is, y rollive to Billion, hall be given by d f .- , I o. be ud rig it by cenfml mail addressed I BoT. a at Ibe
<br />papery address or any otheraciamiss that Bonce,er lou given to Linda Diarrower aill give any onne l L d h .. t feJ I t Lcnd del f lee t if this
<br />deed ofimat or any otheradd s. which Lender has designated Ary alle norcet l rder shall bean to I I de - suds s stated on pat., l,fit deed ofnwt
<br />Any notice ehall be deaned m have been given m Botanist, or Lender what given in drc manner orated above
<br />19. Transfer mfthe Property or a Benefeial Interest in tlm Burrower. H Al or any pad oRhe ptoonly or any inturm in it is sold or transferred a tha nt the 1 elder's
<br />,air winnal ronscnt Le ode may do d' J`I p} cot fih -.id tt. L dcrmayale.demad d'l l'Y I IN B t t Ipc eon,ad
<br />burneficial interest in the Bpi - ancri is sold or,msferned. llowoa -1 older nay no, demand povinert in d t e situations if It Is prohibited) Iv federal law as of the dale
<br />of this deed ofupn-
<br />So. Rewnveyance. When Me obligunun secured by this deed of fill( has beta paid and Leader has in fudher obligation bn make advanom under the inatmmeas nr
<br />agreements secilland b (his `deed of Treat, flit Trustee III p in ryeb- tlI I. -yrhet apfty TILd- .hlldl�td.R -nueen orN
<br />Finn re, ce... I I. intere.r, the Lost duel unit therm, .,niner '1 ue oflhe obligation so satisfied Reloo'cl shall paw ally vcordation costs
<br />21 Nurcestur Trustee. Leader, a, t d. opt y mass, Tpols,a and r,orial brunce by f t. b pt' of 'he labartati f Y _ ..errs
<br />by applicable aw. and their by filia, tl bimr of trustee for i' Falsifies, of the '.t ,, of6p,of ifecut, comply I, h'NM post r1 e t e par
<br />thaeofias't ted 'Firesuccesmirtaggene, withnm _ o,e ofthcp pn;. shall 'U'rool to all dolpowl. elf.,awh not nJ ode of NC Tmt unul rMedeed of
<br />rut and of any suwcssm'ttedup
<br />
|