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<br />0"itrottrd Covestamm Borrower and Lerakr covenar" axial agree as lcriivt•s'
<br />i. Pvynaw of rood fhatesew Borrower shalt protwpily pay whew dire the principal of and interest on the
<br />rndlebiedrom evoth weed by the Note, prepaymteet and left chwps n provided in the Nine, and the principal of and interest
<br />ow any Future Advances secured by this Used of Tram.
<br />2.
<br />>Rtwi 11tr Tuw and hittlirt eat, Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lewder on the day nwrttitlly installments intemt Note,
<br />of principal and are payable under the until the Note it paid in flill.
<br />»)
<br />a {MW (harem "Psands *QUM WooWtwelf1h of the yearly taxes and asse "minis which may attain priority over ,hit
<br />D,nattl of Trust, and gromW rents on the Property, of any, phis one - twelfth of yearly premium mstalimtnts for hazard insurance
<br />oboe vise - twelfth of yearly prensium installments for mortgage insurance. if any, all as reasonably estrmalcd initially and from
<br />urine to tame by Litsndier an the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shah be held in an invitution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is HfCh an tastittitiotn). Lender shall apply the Funds to pay sold la%cs, aswt%mcnis.
<br />insurance premiums and ground rents. Lender may nor charge for to holding and applying the Fonds, anal)jing tart account
<br />or verifying and ctiotno0ing said aseesarnents and bills, unless Lender pays Bormwer interest on the Fund% and applicable law
<br />ppwermils Lender so retake such a charge. Borrower mW Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Ftsnd+t shalt be paid to borrower, and unless stich agreement is made or applicable law
<br />requires such interest to be paid, tender shall not be requited to pay Borrower -my Inlere%l or evenings on the FL.-d%. 1 ender
<br />steal( give to BforrosRer, without charge, art annual accounting of the Fund, thawing credits and tenth to the Fund% rind the
<br />rpw for which each debit to the Fw1da was made_ The Funda are pledged as additional security for the sums secured
<br />this (feed of Trust.
<br />If the awsount of the Funth held by Lander, together with the future monthly in%tagments of Funds payable prior to
<br />the Bite dales of Wila, assesansents, insurance premiums and ground rents, shall exceed the amount required to pay said ia%es.
<br />wesssmmts. inswapce premiums and ground rents as they fall due, such excess shall be. at Borrower's option, either
<br />prtttnptiy tad Io Borrower or credited to Borrower on monthly installments of Ftinds, if the amotml of the Fund,
<br />held lender
<br />by shall not be wf6ctent to pay taxes, asststments. insurance premiums and ground rents as they (all due.
<br />Borrower shall pay to Lander any amoutel necessary to make up the deActeency within 10 days from the date notice is mailed
<br />by Lntade►
<br />to Borrower re4ulostiog payment tWool.
<br />Upon pogment in fief! of all sums teeurtil by this Deed of Trust, i ender shall promptly refund to Borrower any Ff:.,J,,
<br />held by lender. If under paragraph ill hereof the Pro fly t% sold or tht: Property is othefwr %e ;, squired hS I ender, I ender
<br />shall apply, no later then immediately prior to the rate of the Property rr its �,. :gtowfita7n by i:cndcr any Flow ds Reid by
<br />Larder at the tin* of application as a credit against the sums secured by this (ked of Trust
<br />3, Applkntlata of 1tiymornia. unless applicable law provides otherwise, all reteiyed by I
<br />payment% ender under the
<br />Nott and paragraphs I and 2 hereof shall he applied by lender first fn payment of amooni% p.iyahle to i. tinder hS Hofro +wcr
<br />under paragraph 2 ?*no(, then to interest payable on the Note, then to the principal of (tic tiotc and then its interest and
<br />rpa
<br />prim f on any Future Advancies
<br />f. t'hasgir s; [JOEL Borrower shaft pay all terse:, assessment, and other charges fines at- „i + ;1,pt+SiflOht .ifttlt irl.,l°lc ;c
<br />the Property which may attain a prtority over this Deed of Trust, and ica•.r.hold paymenis or ground renn if any, in the
<br />mallow provided under paragraph 2 hereof or, if not paid in such manner by Ilorfower inakr :ng payment when due, directly
<br />to the payet thereof. Bottowtr shall promptly furnish to Lender all notices of amount•- title undo this paragraph, and in the
<br />evert Borrower shall make payment directly. Borrower shall (%finish I
<br />promptly it, ender receipts evidencing such payments
<br />Borrower shall promptly diseharpe any Iien which has priority c%cr this Oeed of frost pro%,rde4l that ” „vkcr %hall isc,t I,
<br />required to discharge any such lien lea tong as Borrower shall agree in writing in the payment (if the vbiig.;tt•,n %ccured h%
<br />such lien in a manwef acceptable it) Lender, or shall sn goad faith contest s %ich lien by, or defend cnlotccmenr „( ,,,,,h I,cn in
<br />legal red s which operate it, prevent the enforcement of the lien or forfeiture of the prvpett, or arty twit Ihercof
<br />s. lemranct. Dorf nhafl ketp,ht improvements now exming or hereafter Crofter}
<br />against lose by Are, hazards included within the term -'extended cijVCtat7t7t inrl tuth t+ther i,a2ar,is a.+ l rnc3rt riay tCytf:rC
<br />and in such attitltanit itid ft)f such perrf?ds 2: (.ender slay requtfe; pfov,ued, that (.coder ;hall not trtetf,rf trial thr amount of
<br />such coverage exceed !hat amount cif i overage regtored 10 pay she stem, Net ured by th<•, Dr, t-1 of t rkr,t
<br />Me insurance causer providing the insurance thalt be chow” riv Horro -cr st,hlect It, api" -A 1-,� I indrr plovidc,l
<br />that Ruch appfovai shalt nor he unreasonably withheld Ali premiums on insurani c f, II-es 'hail l,e paid it, the manner
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, by Borrower rxTaking payrrerit, when die, dlfet:'tly to the
<br />M"fasict Catriar.
<br />All insurance policies and renewilt ihereo( thail tic in !'I'm ac,rplable !v t rndc, ar,cf .i,:tll „c fvde a st iirdafd mongagc
<br />clause in favor of and in form acceptable to I.,tndef l miler %tiall have ttie right %t-, hold the i,c,lfv,cs .vrid rrntw,ifs thereof
<br />And Borrower shall promptly furnish to Lender all
<br />renewal rtoticcs and sit receipt, of o ,,I Oremftini4 Its the o eni of
<br />Borrower shall give prompt notice to the insurance carrier and Lender Lender rr,,,•, marc o1cr,:rf of los, i( not made
<br />by Borrower prr,mptfy
<br />Unless Lender and Borrower wrierwise all" in writing, insurance pinceedt ••hall be app t[tl la rr :i (`7 often of repair of
<br />the Property damaged, provided such restoration or repair f% etowmicaliy tea%itrle .arid the %courtly t,f the% L)cctl (A Trosi f•,
<br />not thereby impaired if such rtssotairon or report- rs not CCOnOMIcaity feasible or if the +ectmly elf lhit Deed of I ri,al would
<br />he impaired, the Insurance proceeds shall be applied to the turns securers by this f}erd of I roll. wrlh the ctce % %, if any, paid
<br />to B.otrOwer. If the PCOtlelly is abandoned by Hoftower. or if Borrower fail% to rrspi;tud t „tender wlthln 1tll days from the
<br />dale noocr it marled by I ensier to Borrower 'that the insurance carrier
<br />offers to settle a tiarm f;If inslirankc benefit, Lender
<br />is authotitzed to collect and apply the insurance prcxteds at i.entkt s option either to rc %(oration or repair of the Peopcny
<br />or to the aunts secured by this laced n( Trust.
<br />Unless i.trnder and Borrower otherwise egret to w aing, any &tech appliaaltof1 of ptocceds it print tp :l %hall not c %tend
<br />or postpone the due date of the monthly inst.-1ments referred to to iaragraph, I and ' hereof or change the amount t +l
<br />such fnttaliments if under paragraph is hereof the Property is acquired by f ender JI right, idle and ottereit of Borrower
<br />in and 10 any insurance poltcres acrd in and to the proceeds thereof rr %ulting from tiarriagc to the Property pilot if the %:,It-
<br />Of scquis/(ion shall pass to L,ersder to the extent of the sums secured by this Deed of trust finmedfately prier to such sale or
<br />acquusitron.
<br />i. Preaervw"o egad MiitNenarsce of Pralmooty; tRaaetiow ls; C*0"wiiwleiws; Planned 1)nit lkvefairments. Holrcwef
<br />(half keep the Property it-; gt.t+,f repair .,rid %hall ntm coninta wasic w permit Intpaar lift ill sir cli. to wrili „n tf the property
<br />sold shall comply with the pl,+v,sions of arty lease if this feed Trust
<br />of is tin a leasehold If this Ifced of Trust is of+ a unit in it
<br />roadot»cniurm or a planned unit development, Borrower shall per_itirm all of ant-rower s t+hi %Bali ;ins under Ihe tleclaralu,n
<br />of Covenants creaung of governing the c ondominium or planned unit development. the fry-laws and rcgulmoon% of the
<br />cCMitlorninium or Ylantltd unit devt"+nient, mind constituent documents
<br />if a condominium or planned iii-iii dcvtlopmenf
<br />filer ,t executed by Borrower and focorded together with this heed of Trust, the Coven-inis and agreet,refit% of such rider
<br />toe
<br />shalt intofporated Into and "I amend and supplenwill the covenants and agrtements of tins feed rot Trust a$ if the rider
<br />wise s part lwwf.
<br />7. ('rata WIft t of heldes"a Sairtarlty. If Borrower fads to perform the covenants and agreement%
<br />contained in thi%
<br />!lead of Trust, or if any acttavt or proceeding is commenced which materially affects (.tender's interest in the Property,
<br />*+'chid na, but not limited to, eminent domain, insolvency, code enforcement, or arrangcmenis nr prrocrtdsng% involving :i
<br />b"Itfupt Of dKedw, then Lender of lender's option, upon notice 8,ortower,
<br />to may fnake such appearances dt,hurw such
<br />sums a” tales stock nitro” as to nec,tasory to pprrootrect lender i interest including. but not limited to, d +shurument r•t
<br />rtaaowabls atsrsenty`s 1ep and
<br />entry Moan the Proptert�t to make repairs If lender required mortgage insofantc a% a
<br />'COO MA of Mitts# the 10411 WKWed by this Deed of �T ust, Borrower shall pay the premiums required
<br />to maintain %Itch
<br />iittiea4r M lia e114et t rsirl sMch limit as the requitement fix such Insurance rerrninates In scec+rdance with Horfower't oral
<br />wr�rttdtrnedl meni i applicable law Borrower
<br />ra shall pay the amounf Of alt niotigage insrlronce prcnourn% it Iht
<br />Pr paragraph . her"
<br />Any 04100wnts dabursed by t it"def pursuant rn this paragraph 7. wtih inlefr%t iherr ,f, %hall t%rt +tine rdd,tn,".,r
<br />ildtfnodtlets of Borrowtt secured by this Ifeed of Trust links% grower int) t
<br />motor .,Bice Io olhff irf nis rl pay"unf ,,:. n
<br />arflot #Ms $40" be payee Upri,," ntAK,e from 1'evidet to Wfrower fetttitsll"I paytT+t'n4 tl'IZ'fe :1f .let ?�1 Fire t; ''fr`,ir s"te!ete t•tRtry p!ie
<br />,SRN of d)lb al that tare payable h tiro (Milo ttfrye tin
<br />riutttindi".g prff%trptl "def tt,t k l,tr c "�irfn f'oyr:,tni lit fnlrrrtt
<br />would
<br />ii sucf4 titre w tae rc +teary to oppifcabie iiir, in whwh event -tmh
<br />&p.
<br />. iancctnft %hat; Cr , [(
<br />p[f►niMAble tin�rr i s. �' elate >,6 ri+t h,, 'rtti rR,e
<br />tay. h'e�tl�ra� cc+nfarnerf in Ihtt paragraph 7 ihari rp tr +rr t "(Jrf
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<br />^hit t t�et ihatl saga i3 +ta .eY r> c iwa¢rr k, an y U,e.i i ► f ,� •It- �P `try
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<br />�'�tl i:iA 5rr tl� Prei yirrir
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