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<br />5. Hazard Insurance. Borrower ,hall keep the llnprovemenh now existing ,lr he~51C;:;:::ted~'~I~ 1ri~y insured
<br />against loss hy tire. hazards ,"duded within Ihe lenn .. extended cover..ge ", and such olher hazards as Lender may require and in
<br />such amounts and for such periods as Lender may require; plOvided, Ihat Lender shall not require thaI the amount of such coverage
<br />e\L'eed Ihal amount of coverage required to pay Ihe sums secured by this Deed of Tn.s!.
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<br />The insurance carrier providing the insurance shall be chosen by Borrower subject 10 approval by Lender; provided. thaI such
<br />approval shall nol be unreasonably withheld. ....11 premiums on insurance policies shall be paid .II Lender's (.plion in the manner
<br />provided under paragraph 2 hen.'Of or by Borrower making paymenl. when due. directly 10 the insurance carrier,
<br />All insurance policies and renewals Ihereof shall be in form acceptable to Lender and shall include a standard lllOrtIage
<br />clause in favor of and in form acceptable 10 Lender, Lender shall have Ihe right 10 hold lhe policies and renewals tbereof, and
<br />Borrower shall promplly furnish 10 Lender all renewal notices and all receipts of paid premiums, In the event or loss, Borrower shall
<br />give prompt nolice It) the insur.lOre l'amer and Lender. and Lender may make proof of loss it ne,t made promptly by Borrower.
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<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to repair oflhe Property
<br />damaged, provided such repair is economically feasible and provided a lotaIloss has not occurred. Borrower shall have the ript to
<br />effect minor repairs to the Property with the insurer's approval and receive payment therefore, The dcccmUrIacion of -me
<br />feasibility or of a lotalloss shal: be made .II Lendef's sole discretion, If such repair is not economically feasible, or if1herc is a lOCII
<br />loss, Ihe insurance proceeds shall be applied to the sums secured by this Deed or Trusl, with the excess, if any, paid to Borrower. If
<br />the Property is abandoned by Borrower or if Borrower fails to respond 10 Lender within 30 days afrer notice by Lender 10 Borrower
<br />Ihal the insurance carrier offers 10 settle a claim for insurance benefits. Lender is aulhorized 10 collect and apply lhe iRSlUllllC:e
<br />proceeds at Lender's oplion either to repair of the Property or 10 the sums secured by this Deed of 1iust.
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<br />Unless lender "nd Borrower otherwise agree in writing. any application of insurance proceeds '" principal shall not exlelld or
<br />poslpone lhe due dale of the monthly installment~ referred 10 in paragraphs I and 2 hereof or cllllllgel lhe lIIIIO!IIIt of sudI iDItaIImlmIs.
<br />If under paragraph 16 hereof or otherwise Ihe Property is acquired by Lender. all righi, tille and inlereSt of Borrower in lIIIlI to
<br />any insurlllK:e policies and in and 10 the proceeds thereof resulling from damage to the Property prior to lhe sale or tK:lJUi "1,,_.' ........
<br />pas.s 10 lender 10 the e~tent of the sums secured by this Deed of lhtst immediately prior to stiCh sale or atqlliaMoa. .. < .
<br />6. Prnenadon aad Maintcum:e of PropeI1y; LetudtokIs; c.ndu ' , n I .... R..u_" .... J IIl.,.,J ....~
<br />shall keep the Property in good repair lIIld shall not permit or commit waste, impairmcot, or ~ of dac ~~:....
<br />comply with the provisions of any lease. if this Deed of lhtst is on a leuehold. If the Property granted and ctJDlVCyC'id . .j".
<br />condominium unil or is subJeCI 10 a bomeowner's association of any kind, BotTOwer sIIall perform all of Borrower's Gbliplillilll,
<br />Including the paymenl of any dues of assessments rclalln~ Iherelo. under lhe declaration. master deed or covemmts CRlldinI or
<br />governing Ihe condomimum or homeowner's as.,<<>ciati<'n, .md the by.laws and regulations of the project or wbidllllc ......,js..
<br />pan and related documents,
<br />7, ProIedioIl of Lmder's Sec:urlty, If Borrower fails to perform the convernmlS and agreement5 coueaincd in this[~rOf
<br />Trust. or ,[ any oclion or procel.-ding Involving the Propeny is commenced which affects Lender, includiRs, bid DOJ IinIili!Id,JO>
<br />foreclosure of other liens, eminent domain, insolvency. code enforcement. or arrangement5 or procecdi1IpinvolviDa.a ........,,,.-
<br />~",.dt>-nt f~~ I f~nf~~r 9t ,,,,~.~p,.',;: f"',......Hn "~'" ~ti('a P.... R.....ror.,.\\~....,... ~q." ...,.,J.-.... ....!f"~ q......,.......M~... dichn~ ~",",.h........... ~~~;...Jt
<br />action as is necessary 10 protect Lender's interesl, including, but nO! limited 10, disbUrsement of aUorIICy's fees and ""'.' '. upi!O. ....................................
<br />Propeny 10 make repaif$. Any amounts disbursed hy Lender pursuant to this paragraph 7, with interest thereon, shall__.~
<br />indebtedness of Borrower secured by this Deed of Trusl, Unless Borrower and Lender agree 10 other termli of paymcot, sudI.lDIID!JIBdS
<br />shall be payable upon notice from l.ender to Borrower requesling payment thereof. and shall bear interest from the date of~
<br />at lhe rale permilled to be charged under the Note in the case of default. Nothing contained in this paragraph 7 shall m;pIifc.l..eIIcIor
<br />10 incur an) expense or do any ael hereunder..
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<br />8. IRlipKtlon. Lender llIay make or L'ause 10 be made reao;onable enlries upon and inspeclions of the Property, provided diet
<br />Lender shall give Bomlwer nOlice pnor to any such inspection specifying reasonable cause lherefore related 10 LeniIei's inteIwt in
<br />Ihe Propeny.
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<br />'i. Condemnation. The pn)(:eeds 01 any' awanl or clam I for damages, direcl or consequential, in connection wilIt lIR)'
<br />wndemnalum or "Iher laking of the Pn>pcny, or pan Ihereof. or for any conveyance in lieu of condemnation, are heRby ~,
<br />and shall be paId. to lender.
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<br />In the event of a laking of Ihe Property, the proceeds shall be applied 10 the sums secured by this Deed of Trust, wilhdac
<br />excc.\S. il any. paid 10 Borrower.
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<br />If Ihe Propeny " abandoned by Bomm'er or if afrer notice by Lender 10 Bonower thai the condemnor offers to make lift
<br />"ward or sell Ie a claim for damages, Borrower fails 10 respond In Lender within 30 days of the date or such notia:. LcmIcr is
<br />..uth"rizc-d h' wllecl and apply the pn",<'e," at Lender's oplion ,'llhcr In resloration or repair of the Property or to the sums ~
<br />h~ thIS Del-d of Trusl
<br />.-\ny appllL'alJon 01 wndernnalion p",ceeds to prinCIpal shall not e"end or poslpone the due date of the monthly installmems
<br />rele.. .~ to m paragmphs \ and ~ hereol or change the amnunt of such ,"slallmenls.
<br />10. Borrower Not ReJea.d. Exlension of the lime for payment or modificalion of amortization of the sums secured by this
<br />Deed of Trusl granted hy Lender In any ,ucce"or in lnteresl of Bomlwer shall not operale to release. in any manner, the liability of
<br />the onginal Borrower and Borrower's successors '" interest. l.ender shall not be required 10 commence proceedings against stiCh
<br />successor or refuse to e\lend time for payment or otherWIse modify amoniZlltioo of the sums secured by this Deed of Trust by reuon
<br />of any demand made by Ihe onginal Bom,wer and Borrower', successors in inlerest.
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<br />II Forbearance by Lmdrr !'I'm II Wak-er. Any fomearance by Lender in exercising any right or remedy hereunder. or
<br /><1lherw"e allorded by applkable law. shall nol be a waiver of or preclude the exerl"ise of any right 01' remedy hereunder. 1be
<br />I,rucuremenr of Insumnce or thc payment of ta.es or other liens or ('h..rges by Lender shall nol be a waiver of Lender's right 10
<br />accelerate the malUmy of the mdebledoc" ,ecured hy Ihis Deed of Trust.
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<br />I ~ Remedies Cumulati~e. All reme,he, p"''',ded III Ihis Deed of Trusl are distinct and cumulalive In any other right or
<br />remedy under Ihis Deed ..,1 Tiust or afforded h\ I.." ,.r e4ulI~, anJ IlIay ht. nercised mncurrently, independenllyor successively,
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<br />13. SueeesIlors lUId .,,~.s Bound: Joinl lUId Srnral l.ilIbility: Cllpticms. H,e covenants and agreements herein
<br />,.mlained ,hail bind, and the righls h"r<'under ,h..1I mure to. the fl's!"",tive 'u<'cessors and aSSIgns of Lender and BOfrower. All
<br />mvenants and agI'Cement' nf Flo. "wr ,hllll t>c iHlnt and ,everal The capuons and headin!l' of the paragraphs of this Deed of Trust
<br />arc for l'On\'Cnl""O\."e onl~ and ~mj.' nnt !O he c...etJ hl lIllcrpn:r (tf l.tehnl' tht.' provision", hereof.
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<br />14 Notke. .-\n\ "ou,', nf Default or ...."Ilce "f Sale I'""ided for If1 Ihi, Deed of 1iusl lnay be given. and the Borrower
<br />ht.'rt.'h~ n."que"\t.;; tha( ~my ..uch notll.'l~ ht' !!l\.'en. hl Bt1fTtl\"-'CT h~ mailing "iuch rnttice hy <:ertlt1cd or registered mail addressed tn
<br />Born1wl:r al lht':' f\dJrc".::-- '1.1It"d hdD\\.. Of 'uch notlu...... ma:t tx' ~JVt'n hy pt.p.,onal ddj\"r.."ry l(1 HOffi.lWcr. Any othc-.r nnticc may ht.~
<br />J;i\icn to Borrower in "'u\.'h m.:tnnt,;r 3';;' pemuth:u b~ applit'ahk" Ll\' -\ny nllhu: h~ 1,.:crllnt.'d nr rt'~I"'[CTL~ mail pnl\'tded for in this Deed
<br />III Truo;", -,.hall h.: tkt.,tllt.\.! tp ha\c ~cn !J1\.en til R(.ntl\\Cr v.ht:n fBi.uk-d.
<br />I' (;uvernillg I.a.., ....d Snerabllit). rill' Deed <11 Trus' ,hall he governed hy the law of Ihe Jumdic'lIon in whieh the
<br />Pr('flCr1' "I<x'awd In the <'\Tnl that :111\ I",,\i,il'fl or "a"',, 0' It", Peed of 'Iiu" 01 rhe ~ot<, C'llOll;l'I' "1111 applk..hle law, ,uch
<br />\'~mtll'.:[ ~h...H f1t~4 an~t:t ~,th('r prll\ I:'\oHH1\ {If thi... L>t'c-d of Tru..,1 Of the Soh,~ lAhH:h (an he ~l\'t'n cff(,~('"t wllhout Iht' l"onfhchn!! pn)vislon,
<br />,HH.lln thl., ;."nd the pruvtti,lItrl" nf 'In... t>t"i..'.j ", rru...t alld the '\P{l' .Ife ,k'..-ian,'d [n h.c 'l'\....rahk.
<br />!t), ,\C1.."'denttkm. MmwcUt'1Ji, L!ron IlnrrU\H'r '.. hrea,,:h pI any \:o\'t.~mm( or a~recn1\...11t 01 HOlTtlwcr III .hl:". I.h.'(:d of Tru~t or In
<br />(he ~nte ~(ured hey lhr.. Drcd tit TnJ'It, 1fl;,.:lu~.1m~ thr ''::l'~CrliUlt~ To pi.!) ""hell du~ itll)....um... "",crurcd hy dus Ikerd tit 'f['u'\t, \lr UIl\Hl
<br />any (:h'4n~c 10 tlWllCf!dl:p h!' ...ak of' nth{'r'lkll.l' tlf hy ~, ka......... with Itptlnn to buy a.. more 1'3nH.:ularJy "'1ated in pam~ralm 20 hdtlW,
<br />1.t:I!dc'! Iii l.ender", pphnn rml~ l1('1.:Lm.~ ,-1J1 nt !tk: "'lHll~ ...,z:(:urn! hy ,hi'" I >t'cd "f 'Tru"'t h) ~, Imlll\'dlatt:l) due anJ ~'M'ahic \\UtH\\11
<br />further demand or flt}til.:t...' ;lnd !T';;J\ IH('h.',.J"r !hr L,tH: n! mrCf.:"I Ptl "Udl ...urn.. hI lhl' r;l[i.' pt'omut'd tll he t.:h;jr~~l'd IIndt.'1" tht' Nt)ll' Hl
<br />~tw CU'~ n~ dt'fauh, ;t1l0 m..."il\ In\'!lk~' t!lt" /")'w\t'l ut ...tk ..'Inkrn:d herem uJltm ftw Tnl';.h.'c ;uld M1~' IlthCf n...mel,.h~'", ,,,,amlltted at Iii" pf
<br />In <:q\Jlf~ to h.'o.:n....cr dll 'I...l-I.i: ...am... ....ifh wh'n^"r rhrr':'lll 1~~ndC"r ...hall h~' .:nllt\.:d r1\ ,,'lllkl,.'! lT1 .un "Udl rfl'li.i..'I.'dll1!:. 111 il~kfi1l~'1l II' (I...
<br />htfC'~lImtc <;Ufll-; <~n H~, and .iH e,(~~I""{^" ;m-d ('O..'!'> Htl:urn:d !II p~if'Hmg "lI..:~j r\.'~nedl(,~, 1T11..-"udif1;.' ~)i.1t Ihl! '!m.llnl !I) \ ,1">.\" Ii!
<br />t~Jl\.'tjn~enr.d.r...- ~''''Hk~k{.: dh.,tra'l. 1... , fill.. rq",trl" [ru..tn"', kt:., ":Ilt.i I J.'n~kr '. .H11'fih-\' r,.-l.'"
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<br />H th(' ~l>"~'.~ ,,1 <. ~l~' 1'0. ,rnpin'd. 'lit" rrili,~f1' ',h;lll Iv, \'.,d ,J "'~l'~l:' .1 [)-ct.nli! ,', ,;'11\:111"'.: h., ,wplh .,t'k f.l',\ )(1 ,,',ll h \ '11111\ In
<br />...hhh Ih... t~r'.I'k:lh , l'",r~ th,..rc'l'll' (1'- ,Ht'd ,!lid ',.!i.d1 qud 'ill'. "t '.r1;< 1': 1:,< "~'-i;l~l, r ;'.1,..., ,Ih..',! t", ,I1'!,)1, _,~'i, i...,~
<br />f~'>YT"',J:\'r (JR.l',; lh '~!h" r'("f~"j" ~'f;-;", 'lh;'d h\ .!Il~dh ,lhJr !.I"\ \~Il; :h,~' 'IP"" '..Hi fl,' ~~'\ 'i'i' d':;
<br />f~',,l~'~ \;';.11. ".."tt," '... I tth, p"'r\;':~', ,11 puhlh .llJl.lI''l,'' 11li 'l'rW! P' I~!" 1 h~,q~1!)".1I\~f~ l..:,\ IL.
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