|
10'7050
<br />appfic k
<br />law regWm such isms to be paid. Leader shall M be trued to pay Borrowwr any bterwt a ml*W oa the Fes. Lender lhah
<br />pivs to Borrower. without charge. an a�t" somentleg of the Foods showing exalts and dabits to the Funds and the purpose for wbkb each
<br />dab& to dha Funds was ands. Tits Pfine4 are pMd sal airs addkiomd saeere#y for tie sums eaeerad by this Dead of Trust.
<br />tf tisamoust a<tler Punds bald by Lewder, "toisthar wMi the Punnet aoathty +ol Fuada payable prig to the duo dates of mores,
<br />ansass omm, iasearanoe p ad s+ A n 'fasts, aim/ aaaad Of =Roam aegaifd a par said noose, mumnaw, iawrs"es preaasiaems and
<br />plrotmd feu era tidy � duos, sorb entessetiar bs salt Baee+oaeer"s dam, either pt+on■pty teepaid w Sorroerer ac caediad to Borfowsr oa monthly
<br />of of FWO& If the: mean a the Pm cis Laid br Leader Ad not be svffi*■t to par tautaa, assasO=&* hnmreaoe psamtxiu■ss and
<br />g +and reps m they fa@ dune, iotfower to maim up tie deflcisncy within "days ham the dose notice
<br />W mean Vs sMOvar W XPU"%M s 19%UMUND y,iy.,.ra
<br />Ulm patlsa■t s fa d so scan ahawe+ad by this Deed of Trust, Lends shoes promptly flood to Borrows nary Rods held � Leads. If
<br />under pmageapY is iacaof the Property is sold or the Prroparty is otherwise aegnind by Loader, Loads SIM apply, NO later than hinoalktdy
<br />prior to tie axis of the Property or its acquisition by Leader, tray Pt eds held by Leader at the time of spokedon as a credit against the woes
<br />seamed by this Dad d Trust.
<br />3. Apps kOw of Pomsm s. Unlms @M*m k Lew provFase otherwise, 0 payme is ncdvd by I.eedet under the Now nerd peraraphs 1
<br />and 2' a she be applied by Larder first is paysssat of amounts pe3 ►abie to Lander by Borrower under paraprap1 2 bersof, then to interest
<br />payableon de Note, then to tha prbsdpd of the Pion. sad the to istsnet and priedpal on my Paters Advances.
<br />4. ChMWX Liens. Borrower shan pay all tames, assessments and other cierpes, lines and impositions surthotAk to the Property width
<br />may atmin aplenty over this Deed of 'rust, and Ismshoid payments or ironed nib, if say. ie tie maw provided under peragraot 2 breof
<br />a, if not paid is such meaner, by Borrower making paymsa. when, due, duty to the payee thereof. Bonown shoo promptly fareisia to
<br />T eader an undoes of amounts duos under this pwoSraph, and in the ewnt Borrows doll wake payment dkoetlr. Borrower shad promptly
<br />F urnish to Leader n *a evideedng each payments. Borrows shall promptly diseiarge any man wLiclt has priority over this Deed of Titan;
<br />POtlidod. that Borrower shell not be raqubad to discharge my ouch Man so loos n Borrows shalt sum in I-I to the payment of the
<br />obiiyMioa sewed by web lien is a seams acceptable to Under, of shall in pod faith sourest Nwh No by, or ddmd enforcement of such lien
<br />in. yid proceedings which operate to prevsot the eeforceme st of the am or forfelture of the Property or any part thereof.
<br />L Me esi heasnu ee. Sorrows doll keep the improvements now exeirdng of honalt+ar exacae 4 oaths Property;noted spi a st loss by fire,
<br />haasds i■ciudad wkhin tie term "ehxttendad ooasa:o ". smd web other ot Leader may.opbe and in mKb and for arch pniods
<br />se Lands may reqn1s, povWad. that Lads shelf not require that the amount of each coverage sneered that amount of coverage regeired to lay
<br />the sums secured by this Dad of Trust.
<br />no, _~ ea wdw providing the im uram sball be chosen by Borrower subject to approval by I.eoder: provided. that such approval
<br />shat not be annaeomabiy withheld. All prominent on insurance policies shoo be paid in the mummer provided under paragraph 2 breof or, if not
<br />paid ht sw* mamas. by Borrows making payment, when due, directly to the insramoe curie.
<br />All inwtrance policies and tseswads tLand shall be in fam aoceptok to Lode and shall hw de a ssadard mortgage douse in favor of
<br />and in fora acoptable to Leader. Laden shall have the tight to bold the poikin and traewals thereof, and Borrower Shall promptly furnish to
<br />Loader all renewal nodoes and all recelpts *(paid prey. In the evert of ion. Sorrows shall give prompt notice to the mirages carrier and
<br />Leader. Leader any males proof of loss if not made promptly by Borroweer.
<br />Udms Leads and Borrows otherwise agree in we ithig. insurance prooeeda dog be applied to rastorsdom or repair of the Property
<br />damaged. prov each rmaaatioa a repair is sooaomi sBy fiaapbie and the sa sty of this Dad of Trust is not thereby impaired. If such
<br />twlontio - or npoir is not eooaemkdly fiaaibie or if the movelty of this Deed of Trust would be' 5 1 1 the iawnraeoe ptooseds doll be
<br />appW to the arms teamed by this Dead of 'rust, with the recess. If any, paid to Borrows. U the Property is abandoned by Borrows, or if
<br />Barowsr fade to :m1 , 'to Leader within 30 delta from the daft notice is mailed by Leader to Borrower that the insurance carrier offers to
<br />acute: a claim for insurance bane ts, Leader is suthorteed to collect and apply the imi rance prooeedt at Lender's option either to restoration or
<br />ter of thcjh psrty or to the stmn secured by this Deed of Trust.
<br />Unless Lander and Borrows otherwise ague in wsithtg, awry such appiiaum of proceeds to priecipal shoo got amend or postpone the due
<br />date of the monthly imuffina s referred to in paraS I t and 2 hereof or change ge the amount of such installments. If under paragraph 18
<br />hereof the Property is aogethed by Deader. all right, tide and imerset of Borrower in and to any imawnnce policies and in and to the proceeds
<br />thereof roukieg from damage to the Property prior to the sale or acquisition shall pass to Leads to the extent of the stets secuured by this Deed
<br />of True immediately prior to such sale or acquisitioa.
<br />f. Preservation and Didalw■mes of Fsaperq, IANubdit GomMmiaimms; Plaeaed Unit Dswialmmrs. Borrower tltoo keep the
<br />Property in good repair and shall not commit waste of permit ioPwmaut or dexaioratiam of the Property and shall waspiy with the provision
<br />of any kris if this Deed of Trust is on a ieasebold. If this Deed of Trust is on a unit in a comdomi ium or a planned =it developman, Borrower
<br />don perform all of Borrower's obligations under the declaration or covenants mead" or governing the condominium or planned emit
<br />devedopmenI the by-laws and regulations of the condominium or planned unit development, and constituent doaunents. If a condominium or
<br />pleased unit development rider is executed by Borrows and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rids gluten be incorporated into and shoo amend and supplement the covenants and agreemoots of this Deed of Trent as if the rids was a pert
<br />hereof. - -
<br />7. PiwlsePros of hander's aatutia. 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 Lender's interest in the Property, including, but not limited to, eminent domain.
<br />insolvency, code enforcement. or arrano meet or proceedings involving a bankrupt or decedent, then Lender at Leeds's option. upon notice
<br />to Bottower. may make mock appsarag I disburse such assns and tame such action as is neees try to protect hander's isteaRSt, i Kjudina, but
<br />mt)i•issd to, disbonewm of teasoaabk attorney's fees and entry upon the Property to snake repairs. If Lender required mortgage insurance
<br />as a condition of making the ham seucura 'by this Deed of Truer, Borrows shoo pay the premiums required to maintain such issuance in effect
<br />until each time as the requirement for such insurance terminates in accordance with Borrower's and Leader's written agreement or applicable
<br />saw. Borrower shall pay the amount of all mortgage insurance premium in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursuant to this paragraph 7. with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Uehas So:owe s and Leader agree to other terms of payment. such amounts shalt be payable upon notice from
<br />Leader to Borrower teedpesting payment thereof. and shoo bar meaest from the date of disbursement at the rate payable from time to rime on
<br />ovastendime principal under the Neale unless 1 1 - of interest at such rue would be contrary to applicable law, in whisk event such amounts
<br />shell bear isataestat the higheal no pgrobAk under applicable law. Nothing contained in this paragraph 7 shoo require Lender to sae w any
<br />L Ovesst of tales rags ecdon baahad[s.
<br />L lospeeeles. Leader may rem be or came to be Lade reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Do we soda prior to say such inspection spsdAft reasonable cause therefor sued to Leader's interest in the Property.
<br />!. Celsnir•■ai- The proceeds of any award or claim for dam agm. direct or conequentiai, in connection with any condemnation or
<br />other tdriai of the Property. or poet tkarsof. or for conveyance in hats of condemnation. are booby wed and shall be paid to Lender.
<br />Is the ever at a toad taking of the Property, the proosids shall be applied to the sums secured by this Dad of Ten, with the a xce u. if any.
<br />paiel m oorrower. Ise tihe eweae of a partial uddeg of the Property. uahas Borrawa and i. eshda otherwise carer in writing. doer shall be applied
<br />to the am secured by this Deed of Treat tashcb proportiAm of the proceeds a is equal to that proporum which the awAmmt of the titan wec°ured
<br />
|