|
86- I �067SG
<br />appuabla law regrins arch interest to he pain. L ender ebmm sun bs tagatind to perry bwrowa rots Leereat or mrdep oa the Funds. Leander tbail
<br />give to Das�twr: wdtottt eit�e, as aaouai a000ttS of tie Faade tYowiai endite ails tMbiu to cite Ftude ad the ptrpoee rot wfiidt each
<br />debit to the Ftmds era ands. Tba Fired' am pledged m aidkiomai «ashy far tM stria atard by ails Dead of TYtrst.
<br />If the awoat of tM Pands held by Lender, ingather %W* thatrete momhly ImWhms n of Prada psynbis prior to tM chat dada of taxes,
<br />awmamomm Lwemass p and li<' now, shall eased tha menu tptdeui to pay raid terra. atrewntants. Lwrance pnsdtttms and
<br />,roe ' -err they fan drew vetch saceu hd ha, as lrmentes si doe, cider promptly repaid to Dar am or audited to borrows oa m w*
<br />1msaDaaaYS of leads U tie anoatmt of the tftmti' MY b Lander air/ ant bs nofLfdnt to pq tenses, aaoess�su, Lsetrasae psmimm anti
<br />around,vela m theyfA Ire, Mower dmD parr U L.wder any amount umssary to aria up the deffcWacy within 30 dept from On date notice
<br />Upon pagyso - is LLD of all so seared by tit Dead of Tnot, Lander 00 promptly rshed to brrowsr ray Foods Mid by leader. if
<br />radar pwageapi Ii in the lrapaety Is sold or the Property is otherwise t ao" by Lander, Leader 60 apply, ao Lot, than Wmm"eiy
<br />prior to the mlo of the Property or M sawdeklon by Leads, any Panda bald by Lander a the time of appBcwlom n a audit spinet the stns
<br />ssasad by this Dad of Tern.
<br />3. Appion" of P aamY. Ulm applicable imw providss wherwim, all payments ended by Lender under tha Nee and pararrapM I
<br />and 2 hot m 00 be appWtl by Leader &a in paytmemt of mono payable to Lewder by lorrowa under; - op p1 2 bsnof, than to interest
<br />payable on tha Note, then to the pdmdpd of tie Now and ties to' - i med patimefpal a any Pure Advances.
<br />d. tantM tierce. Doerown shall pay an new, sommmenn and odeer ebrpw, flow and kWoddm sW buubis to tha Property which
<br />nary attain a pelosity ova this Dad of 74rst, and Wambold payttsems or around rash, if any. in the maansr provided under paragraph 2 bersof
<br />or, U sot paid In such moment. by Borrower maki g psyasnt. whoa dim dfractly to the payee thereof sorrows, shelf promptly furnish to
<br />Lender all notice of amounts des under this paragraph, and is the ever, boeevwer sham make payment directly, Borrow= shall promptly
<br />furnish to Leader ruonlpts evidso fag mch payments. Do own shall promptly 11 wgt any lien which has priority over this Dad of Trust;
<br />provided, that borrower dam not be rp I to d bdmp any meh Use so long n boatown that was In writing to the payment of the
<br />obligation seared by such mm is a mans ompabk to L.sads. or sham ln good faki oontot m k Baby, or defied enforoammnt of soul men
<br />hi. lose[ proosadiegt whirb oper - tops the eefaatmamt of tM men or forfdtne of tha Property or ray pwt tbwaof.
<br />S. limned iiwmmea. barrow,, *d kM dw Lsp+ovmmm a cow edlft or Mm Mw raced m the Property btwrad mPisK low by the.
<br />hmmr ' included within tbs iota "needed eovamgs % and sock other bmmrefo a Lards may tmti-she and la sock enouna end for ode periods
<br />as Lsadsr amy rwgaitw; provided, aim I ender them not ragnite tint the amount of sort coveraps exceed that NOWA t of coverage mgunad to pay
<br />the rams urared by this Dud of Trust.
<br />The inauraana orris providbrg the lemma n sham be dmm by barons sabim to approval by Lender provided, that arch approval
<br />shall act be warwoaaI h withhold. All preettI oa Im ranos poWn"be paid is the atwoer provided under paragraph 2 beroof or, if not
<br />paid is such rants,, by borrows making payment, when duo, dhuCJy to the Lrtsama awls,.
<br />AN iswsaaoe policies and romwale thereof dam be is form acceptable to Lads and sham iochkde a standard mortgage classic in favor of
<br />and In foam acceptable to Leader. Lends shM ire the right to bold the policies and renewals thereof, and Boaowa slum promptly furnish to
<br />lends err tensed notion and am raooh of pmld pramI . Ia the event of low, Borrower dam give prompt notice to the insurance carrier and
<br />Lends. Lmds may note proof of lax if sot mob promptly by borrower.
<br />Unless Lends and Borrower otherwise agate in writing. Lrmmsm proceeds shall be applied to roMmad n or repair of the Property
<br />dmmagad, provided each nroomim or repair it economimmy fwoible and the socmity of this Dead of Trust it ant thereby irmpaitwd. If such
<br />testmadoa a repair ls not aooaomicaDy fmaible or ff the atasky of tis Dead of Trim world be impaired, the' prooseds dam be
<br />appliWd to tie ems sons«[ by ails Deed of Trust, wki dw assn, u cry. paid to borrower. if tie Property W abundoed by borrower. or if
<br />Borrows lams to napond to leader wails 30 days from the doss scone W NOW by Lender to Borrower that the kwarasce artier offers to
<br />settle a akin for inswaaos bandits, Leader b a domind to aobaot and apply the ins raism proceeds at Lender's option either to restoration or
<br />repair of the Property or to the seuns owwod by tie Dad of Trost.
<br />Unisw Lender and Borrower ctierw1 Man in writing. cry inch application of ptooe7ds to principal den an extend or postpone the due
<br />data of the aontiy iotamants rnfiaced to in pwagtapM I and 2 her aot or chimp the amount of std bmlmmu. If under paragraph 18
<br />bee the Property is acquired by Linder. ON rigin. title and insorat of Borrower in and to any imraaoe policies and Is and to the proceds
<br />dureof resulting from damage to the Property prior to the saie or acquisition Bail pen to Lender to the admit of the so secured by this Deed
<br />of Tnat immedktdy prior to inch sale or aogaishioa.
<br />f. Prwevatlw and i hdw of Fte aety; Lnasielist Gninmlainms: Piund Usk Dawlapm niL Dorrowe siail kup the
<br />Property in pod raw and shall nor commit waste or pawn impairamt or deraioration of the Property and sham comply with the provision
<br />of any lase if this Deed of Trust is on a kmhold. If this Deed of Trust is on a unit in a condominium or a pimmd =it development, borrower
<br />s ham perform all of Borrower's obiipdons under the dederation or covenants crating or averring the coodomimiu or planned unit
<br />derdopmeot, the by-laws and regaLtione of the condominium or pleased unit development, and c ontituent documents. If a coodomisiuen or
<br />pinned unit development cider is emecaed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider dam be incorporassd imo and doll amend and supplement the covenants and agreements of this Deed of Trust a if the rider were a part
<br />bwwf. —
<br />7. PeoMellea of Wader's 9 em117. if Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is commenced which materially affects Leader's interest in the Property, inducing. but not limited to, eminent domain,
<br />insolvency, code enfortisent. or arrangements or proceedings involving a bankrupt or decadent then Lender at Lender's option, upon notice
<br />to Borrower, any make such appearamoer, disburse such aum, and take such action a is necessary to protect Lender's interest. including. but
<br />not Baited to, disbursement of reasonable attorney's fees and airy upon the Property to make repairs. If Lender required mortgage insurance
<br />a a'eoaditim of making the loan sacred by this Dad of Trust, Donower dab pry the premnue s required to maintain such mewaooe in effect
<br />maul such time a the requirement for such Lsorance termirm in a000rdaaoe with Borrower's and Lender's written agreement or applicable
<br />low. Borrower shall pay the amount of all monow innra.on premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lawler pasuom to this paragraph 7, with interest tbereon. shall become 2cichdonal indebtedness of Borrower
<br />secured by this Dad of Treat. UeuWw Borrower and lender agree to other tams of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting pnyasa thereof. and dill bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Nose antis paymerr of interest at such rate would be contrary to apphabk law, in which evert such amounts
<br />that bear, - at the higim t rats perweisible tinier appBabk law. Nothing contained in this paragraph 7 AM require Leader to incur any
<br />eapm a or nha eery ratios , . .
<br />>l Impaction. Lender may aaha or cams to be weds reasonable atria upon and inspections of the Property. provided that Lender shall
<br />give Dmrtower notice prior to cry such imparaice specifying reasonabW awe therefor related to L.eruder's interest in the Property.
<br />p. Coadaainmftc The proossle of cry award or claim for damages, dkw or consequential, in cwanecdos with ary coedemnatkm or
<br />What taking the Property, or pact thereof. or for conveyance in live of c oadsmustion, an busby assigned and shall be paid to Leader .
<br />la the svaw of a seal taking of tha Property. the proceeds dab be applisd to the sums swwad by thch Dad of Trim. with the excess. if any.
<br />POW to so OWN. Is the event of a partial taking of the Property. elm ameower and Laden otherwise ages in writing, time shall be applied
<br />to the mars seared by this Dad of Trim vial j , j , d, of the I n,- iY a is poi to that proportion which the amount of the ems secured
<br />
|