|
leir . to be paid, Leader etas not be
<br />to llorrowaer,`wkboat , an amsal a000wtiup of for la
<br />debit to the Panda was made. The Panda me pledged an Mdhimd i
<br />of the Funds held by
<br />M term may MwM a mardep am tie Pt Wo. Lmdw shat
<br />dies and d" to the Pwhde and the purpose for which such
<br />mas secured by this Deed o[Trrst.
<br />nMalmaats dluadrpayaMeprior to the due dame of taxes,
<br />lead a pal arch urea. nemmma, ienrMOe pnesie m and
<br />iamml■mae of lanir. N the aaontt at tad Becht ids IV LstlW 0 mot In samsiew to pay tams, amasmsats, tasura a pranhrn and
<br />o
<br />loom*" Mead". tlatrowee sham to L ndr any mment monassi to ■ dw up Chad f do wfthio 30 days from the dnc ootice
<br />"° milled bpi Lecher to borrower regoslirer Osc��e�•
<br />Uparl l - a ftl of ad tune mmod by tW Dui of `ha4 Lewir mbar drolly rehd to Borrower MU Pthab bald by Lender. If
<br />under parat;Ilph tt baeeof tha Tropsaty is'soW or tad Property is othw+rtae amp ka by Lacher, Leader shat apply, so bear'tlem immedlately
<br />prior to the sale of the Property at is aoaiuleitia by Imft,'my Ptmds MM by Leader at da than of appOcaden as a credit apdamt the same
<br />seemed by this Dud of Trust.
<br />2. Apsanren of ft . Unlem appikahle law provWs mhwwbm6 srplynmats radwd by Leadsr ruler the Nett ad pmradeaphs 1
<br />sued 2 lam sear be appiM by Lode flat is ppmm of aeaouats payable to LmWw by Boreoaur tinder paradeaph 2 immrtof, time to iatetest
<br />peyabM m do Ness, tasty to the peh h*d of dw Nioik mad dm to htwm and peiarI l on nq Patre Advances.
<br />a. C bwp" Lns. aocrower Hal poy el tomi4 mo mmu mad odnr mugs, Has sued impoaidm atteibntable to dw Praprty wbich
<br />may setae a priority act this Deed of Tate, and Wambold payahm.a or, mead mna6 if may, In the manner peovWad cedar perag"h 2 besot'
<br />or, it slat paid in each saner. by Sostante making payment, who due. dhea ty to the payer thereof. Dorrorar seal ply furnish to
<br />t.sedr d notios of amounts des under this paratapI and In the event Dorrowes Hal mate prayateat directly, Borrower dear promptly
<br />I amish to Lander rwdpts evidencing east payllwts. Do arm seal promptly d6chmrge any Ilea which has pmioeky ova this Dad of Taut;
<br />ptovkie I east Soerowes Ham amt be eserylee I to discharge may each Ban a lots a, Borrower meal Ides In wrk[Is to the mm" of the
<br />oWpdm Hared by each So e a mnnr acceptable to Leader, or sell In rood faith coast such lea by. or I I I w[arcetnat of such lien
<br />tea kgd peeomedln0e w"A aplmMS tops tha ndbro m eset of tha lea or ice hitne of sae Property or any put dww(.
<br />L Mari lusrrse. Borrower cal beep tha imptovmnmts am existing or hereafter erected oa eha Property iasred agdam loss by fire,
<br />bnmdm inslndsd within the was "anteceded coverage '. and each other hamrds as Leader may require and in such amounts and for such periods
<br />m Lanier mrgrmgairs; provided, gas Leads dial mot require teat the amoom of such ¢owrmge MOM that amonat of oovange required to pay
<br />omemse nedbythleDesdofTrue.
<br />Thai Cols prwviias the ianuraase mial be chosen by Borrower sthbjsot to approval by Leader; peov idsd. that such approval
<br />sk" act be uarenoaaW wkhhdd Aar premiums on imraaos pal cia cal be paid a tba saner prow under paragraph 2 bers of or, if not
<br />paid iaeach samnaer, by ace ower seabet payment. wban dn, dbeetly to the iamrana artier.
<br />AN beterease policies and rme tho Ad be is form acceptable to Leader and Baal include a standard morgW clears in favor of
<br />and is fun molgeabh to Lady. Leader meal have the fl* to MM the poik3s and renewals thereof, and Boefower sisal pomp* furnish to
<br />Leader i rnaseval amiss and al re , 4 of paid pruraftear. In eha evM of toe. Borrower shat live prompt notice to the imarance carrier and
<br />Lnder. Leader astir ambe proof of lose lf am made promptly by Borrower.
<br />Uakte Leader and Borrower otherwise Was in wskeg. iasaeance proceeds dal be applied to restoration or repair of Ha Property
<br />damaged, provided each nalorasioa at repair 6 eooaomiab fmmbk and the security of this Dad of Tramt Is am d me►y impaired. If sucb
<br />rsmtualian at repair 6 sat eemaominly Mobile or if do esohrip of this Dud of Tram would be impaired. the' proceeds seal be
<br />ttplgad 10 the sums deeuted by this Dad of ' hem, wile tha ewes, fif aq, paid to Borrow. If rid lrepwty 6 abaadamd by larower, of if
<br />Do own fleiY to respod to Leader wkbe 90 days Mean the date notice is mated by Lender to Bkrrwws that do' artier offers to
<br />nub a claim for 6nmraace bandits, Leader It asthrind to Who and apply the inswance proceeds at LwWs option tither to restoration or
<br />repair of cis Property or to the suer seared by this Dud of Tnet.
<br />talus Lender ad Baroww oiawfm earn a wrilias. mad each eppYation of procesda to pmiacipal char nor exsmad or pootpoae the due
<br />gem of the monthly inmaYnuts refwted to is paradeapas I and 2 hmeot or change the amovet of each installments. If under pandeaph Itl
<br />hereof the Property Is aogand by Lander. all r4ft this and merest of Borrow in and to buy 6rtreame policies and in and to the prmoeeds
<br />tbwW reeaktag trove damage to tha Property prior to tha sale or eagmid doo sisal pass to Leader to tie a xeme of the ears secured by this Deed
<br />of mart immedlatety prior to each ok or aapdmleio..
<br />d. Presse pad Ittitea ant: of PnperV: Undee K Gmdamlelems; Planned Usk DeaMpmsah. Borrows shall tap the
<br />Property in good repair and Hal drop commit waft or permit bopahment or deterioration of the Property and dal comply with the provision
<br />of any lease if this Dad of Tram 6 on a kushoW if this Deed of Trust is on a unit in a condominium or a planned emit I do I . Borrower
<br />Beall perform all of Donowar's obligations under the dederation or covenants creating or governing the condominium or shamed and
<br />development. the by-laws and revoludoes of the eomdommeen or planned unit developmmy and constituent documents. If a condominium or
<br />plaend ad dovdopom rider 6 eaeated by Botrowa mad recorded together with this Deed of Trost, the covens s and agree eats of arch
<br />rider shall be momrp, i I imo mad shall amend and supplement the covenants and ademummb of this Deed of Tram a if the rider were apart
<br />Want --
<br />7. Peotteeka of Laader's tleewhy. If Borrows fails to perform the covenants and agretoents contained in this Deed of Truro. or if any
<br />sedan a ptooemdi l 6 ossavemesd vrikh materially effew Leader's interest in the Property, iocludina. but not limited to, eminent domain.
<br />Insolvency. cods enforcement. or rrarsamew at ptocesdiap invoking a ban nqx or decedent, then Lends at Leader's option, upon notice
<br />to Banwwer, may make each appearances, 11 mrse mach sums and take such action a it nmoewry to protect Leader's interest, itduudeg. but
<br />am'leritd to, 11 urasveeat of reaeoaahk mummy's tees and entry upon the Property to mote repairs. If Leader required mor4W Insurance
<br />a a uxndhiea of malting the boa wowed by this Dad often, Borrower shell pay the premiums required to maintain each insraum in effect
<br />OWA such time a the roI - for each insurance trsaivan is accordance with Borrower's and Lender's written agreement or applicable
<br />law. renown shat par the amount oral nor4pp insurance ttrammiaes in the muss prov ided under paagraph 2 breof.
<br />Any sentence aldaraad by Leader pursuant to this j @ 7. with Warm tbersoa, shall become additiond inddnadam of Sorrows
<br />teoare I by deb Dead of Treat. Unless Do owes had Londe agree to other terms of payment. such amounts sbal be payable upon notice from
<br />Leader is @as ower requestlag pe I . thereof, and Her bear ism" f ram the date of disbursement at the rate pa) — frog time w time on
<br />omtetanig per its under tad Note anises PtI 'of Nearest at much rasa: world be contrary to appiicebie bus, u which a vat such auupoanu
<br />HIB bar Interest at tad Moo rate prmim bb under appbmbk law. Nothing contained as tb6 paragraph 7 Hal to*** Leader to incur any
<br />elpanrsenaesargi eatioa benan/r.
<br />L i ipmedue Lndr way melee or come to be made nmom*k entries upon mad inspections of the Property. provided that Lauder sbal
<br />Ipw D rvowse mada prier Harp each inspection dpeeeifyirha reasma.bic awe therefor raises I to Leader's imsest in the Properly.
<br />It. tleagaesndsar Thu DraemeeI of any award or claim for damages. direct or consequential. in connection with any condemnation or
<br />attar ufdag of Ibe Property. at part thereof, at far conveyance in her of oandwaeice, are booby anissed and Hal be paid to Lender.
<br />it she arrest of a tecW nklrrg tK the Property. t#s preaesds shell be applied to the summa need by tens Dad*( Tram, with the exam, if any.
<br />poW to Mmiowar. to the swat of a p mW eekbg of the Prapaty, wisesborrower and Leader otherwise Wain wridM tbere sbel be applied
<br />m the ores secmod by this Decd of Tram vecli p-g as glom of the g ... 4 as is equal to that proportion whkh the amctw of eke sums secured
<br />
|