|
la`rv&* mM& t to be paid, Lander she m be a.raie@ on the Fmdr. Leader III
<br />rive to Rosrowr, wkhowt gip. m mend wwoothtg of the PtwdsdM ft enallm,sd debMa to ris Parade and the purpose for which each
<br />diuit w the Pundtwn mods. 7Le rltade Ctrs plset> fad err kddwokat eeouekr riot rhos ewe e.mtnd by thin Dosed of Tewat.
<br />U mhos use M of dW Lsaade bid by Loser, tsrdtwr wick the flow aasatily indsDoseau of Parade I 1 11 prior to the An dead of taws,
<br />assamn. inerraace pa.a.i .e OW S raead nodes. ,wit owd the mama r I * , m pally suit menu, ummmmu, iadrasos peemiamd and
<br />for . swas ere they fat dam, nei esnsee ahatbe, air llorromse's opelota. either pt amp tb rapid to Bareowa err asked !o foarowar on>.onthiy
<br />MOWMuu of Peale U (braooaat of the rtmekkM by L rider shall sot he aedAdoot to mums. anumna, iuraase preasikmd and
<br />word r tlry Eat dose, llsatowar ghat pay to Leader r4 aawosae aaoesar u meter ao the dstieia.c) wkWa 30 days fens the date notice
<br />Uperk papmake is fit o[ at swats esstasad bs this Dud of Ttast. Lsdar abali promptly tdand to Dartosa way Pwads beW by Lauder. If
<br />mall r powgraph I! hereof tea rropkrty is void err the lewatty 4 othetwids sapded by Leader, Leader shot apply, m lmor dam immadfedy
<br />paint to the sale of the Property or its aogdaWo s by Leader. my Funds bid by Leader at the that of apptoodo n at a credit alai" the sass
<br />momod bur this Dead of Ttaat.
<br />2. = A"Nlarsa of rkymsads. Unless applicable let Way idss otherwise, all pa3 - reoaird by Leader under the Note and prau8 1
<br />acrd 2 heesof doll he applkd by Lander flyer W polom of a mma ptq ble to Leader by larowar radar paneguph 2 heeaof, riaa to iatersst
<br />payaW e antes NYowi then do the peI % " of the Note, ad rhea to i om and pdodpd oamy Panne Adnnos.
<br />a C1mM Uses. Noricum doll pry all tones, � and other charges. !loos and Impositions andbrtable to the Property which
<br />may amok a priorityova this Deed of Toe. and Wambold pnymsa. ors ' rnb. ff way, le the maeaer provided wader paragraph 2 ieeof
<br />err. 9 sot paid is each mars. by No ower moklap I sasat, when doss, directly to the Pam thereof. Borrower shall promptly fYraiah to
<br />Loader all swdms of snow" doo under this pare, s* and in the ~ No.. deal make psyseeat diraft Borrows shall promptly
<br />frnidi to Leader recipe evidso ft such I ay ass. Doerowa shat promptly diteiesp any tea which has ptforky over thh Dnd of T+uat;
<br />peovW I that loetowr what sot be rap b to a -way sock Has so bug as Borrower shat Wee is atkfag to the payment of the
<br />ohtgeioa neared bun sock tea is a maser aoospabie to Leader, ar whet u pod fakh 0000ms m* tea by. or ' I mforoemsae of such lies
<br />in.1"al peoossdn 11A sperms to ptwent tbeanforcmim of the ills ar foefdttarsof the Property a my pent tinewof.
<br />A NlsassdLearaass. Dw owwar eW hap the improvements sow atietbg a bersoltsreertftd oo the ftoputy fasond apime loss by fire.
<br />wrarde ierikded wkbia tea meta ~amwdsd coverage", and each other oaards as Leader no ngnke and is inch snow& and for such periods
<br />m Lender mer rrtquirK provided. tbot Leader doll not regwhn that tea amoost of nth re imp second that amount of coverage required to pay
<br />due sobs nnnad by die Dud of Tne.
<br />The hoo anion praridag the insurance dot be chosen by Botrown subject to approval by L.awdar. provided, that such approval
<br />shat act be rnaeoaably withheld. At premiums oa htsuraace policies silt be paid in the maaaer provided under paragraph 2 hereof or, if not
<br />paid in eachmasoor. byNarrowrmakingpayment.when dry,directly tothe iasrawoecwrl r.
<br />At Isaweanos poiidu and renewals need seat be is farm acceptable to lender and shell include a standard mortgage clown fn favor of
<br />and in tam aossptable to leader. Leader shell bee the dgk to bold the policies and rowwais thereof. and Barrows akot promptly frsish to
<br />Lender d resewrl notion add snips of paid pnmiame. Is the event of be. Botsown shat give proapt notice to the fssrana carries and
<br />Lader. Lender any atahe proof of loss if not mode promptly by Dot *war.
<br />Udw Leader and Burrower owl - in ague in writing. iasaasoe Ilaossds shat be applied to raeoemioa or repair of the Property
<br />do seS4 provided such toeotation or repair is eooso■kaly faadbk and the security of this Dad of Tease is not rieeby impwkad. If each
<br />realoeellon or repair is not 000somiaty f mibie or if the seaelq of this Dud of Trust wood be impoleak the in:manos prates I shell be
<br />applied to the same neared by this Dad of Treat, with the moo, If any. pad W Boeroom If the Property Is abandoned by Doeeowes of if
<br />Swowr fills a nopoad to Lender witW 30 days from the date andoe is mulled by Leader to Banowar riot the ioounace artier offers to
<br />oak a rJeim far isemaace I R' . Leader k mahorimd to collect and apply the iasrance pr- di at Lender's opden either to rasoration or
<br />rapok of the Peopsety at to the soma seaewd by this Dead of Test.
<br />Usl w Lmder and Borrower ariarwim age w in writing. any each application of prooemds to, Ytat sot ataead or petetpax the due
<br />date of the momhty h ouNmenu rdutwd loin I ood 2 hero[ or chmtac the amowm of such fseaNmens. U ruder pragraph I8
<br />heaenf the rroperty is ea I l ' by Leader. at tight. tkk ad iasemt of Doeower in and to any I.darasa policies and is and to the prooeads
<br />thereof rmift from damape do die ttapety pda to the sak cf acgW*ion d M pea to Leader so the anent of the mats nosed by rills Deed
<br />ofTrostimmsdLeh print tosots oak oracquisition.
<br />i. Preursnden and bidesaona of rnperly: Lenandiws Cwaiamisidms: Planned ttdt Dewiopmnss. Narrower aob keep the
<br />Property in pod rapdr and akA owe cmw* wogs or permit impairment or deeeiondo n of the Property and sot comply wfti the p iiose
<br />of any fun if this Deed of Trent b oa a lenshofd. If this Dad of Trost is on a unit in a codmoblew or a planned rk devudopmeas, Borrower
<br />sot perform all of Bottom's obtpeiens under the deckradon or covesssta crembs or governing the cosdomiwiur at planned unit
<br />deviopmmt, the by-im and ragrlmioea of fhe condoms a pfnoW uok dweiop nnt, =d eonedtow doatmms. u a coodomkaiwm or
<br />pkmted mdt deveiopmme rider is senMd by Doeowes and recorded together with this !bed of Trust, the covmmu and agreements of such
<br />rider shell be' into and shell amend and supplement the covenants and agreements of this Dead of Trust as if the rider were a part
<br />hereof. - --
<br />7. Pndsediaa of Leader's ffaaadlq. if Borrower fails to perform the covenants and agreements contained in this Deed of Tnar, or if any
<br />acdm or procomi g is commo and which materially affects Leader's'merest in the Propetty, iociuditug, but not lid to, eminent domain,
<br />insolvency code enfaamsar, or arrangements at proceedings involving a bankrupt or decedent. then Lender as Leader's option, upon notice
<br />to Burnout may make rich appearances, dbbwu such sew and take each action. as a necessary to protect i cadet's interest, including, but
<br />out MmbW sic, disiatssamt of ressouaI ' anoraey's fees and entry upon the Property to make repairs. If Leader required mortgage Mmusm
<br />m a coadldoo of fining rim ban se— 'by this Dad of Tr mM Borrower soli pay the premiums required to maintain such insurance in effect
<br />wadi etch time u the teguiremee. for such howaaee stmisara ka accordance with Borrower's and Lender's written Wo ment or applicable
<br />kw. Dortova shat pay the oaowatof all moetg ge iwmtance pry in the same: provided under paragraph 2 hereof.
<br />Ater uno uoo disband by Leader panunaa to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower
<br />unwed by this Dead of That. Unless Nonowar and Leader ague to other terms of payment, such amounts shall be payable upon notice from
<br />Leader a Netrowes nwqusseiag mama thereof. and tint bear iateter from the date of disbursement- at the rate payable from time to time, on
<br />eraser ft principal under the Now ad= p i of interest at arch raft would be comrsry to applicable law, a wkie* event such amounts
<br />doll hear Woman at the highest raw permieihk under applicable kw. Nothing coined in this paragraph 7 shad require Leader to incur any
<br />espaanarshe'agacdakksrwder.
<br />0. loopos era, Leader may ado or earn to be nark reasonable ceerius upon and bOpeCUM of the Property, provided that Leader shall
<br />a," Borrow soda pi- toady sock Lgeetfow rpaeihiwg reaaosabke aura therefor related to Lender's interest in the Property.
<br />t. Cwadaukerers. The proceeds of any award or claims for damages, direct or consequential, in comeaion with my enadmamtico or
<br />ad s r t ides of cis lvropsey. or part dwoot, or far conveyance in Ben of 000demmdow, are booby a sigeed and &hail be paid to Lander.
<br />b like wvam of a WW taking of the Property. the proceeds d all be applied to the semer seemed by this Deed of Trust. with the excess. if any.
<br />paid W Besreower. to the evwt of a petW taking of the rropaty, voles Borrower wad Leader othe wme ogee is wridW there shad be applied
<br />ter Ufa swat smeared bun skis Dams of Tort woody 9sopartiaa of the proceeds m u qua! to that proportion whicb tke owed of the sous sawed
<br />
|