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201iO404�
<br />2. All payments received by Lender shall be first applied to advances that may have
<br />en made by Lender, and then to interest due, and Iast to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against
<br />; Property before the same become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured for their insurable
<br />lue against loss by fire and hazards included with the term "extended coverage", and policies
<br />� the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />nder may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />�lied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />�ept if restoration or repair is not economically feasible, or if Lender's security is not lessened;
<br />�erwise, said proceeds shall be paid on the debt herein, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from
<br />urance sha11 not extend or postpone the due date of the monthly payments provided in said
<br />�te, or change the amount of the payments.
<br />5. Upon written demand by Lender, Borrower sha11 pay to Lender, in such manner
<br />Lender may designate, sufficient sums to enable Lender to pay as they become due one or
<br />�re of the following: (i) all taxes, assessments, and other charges against the Property; (ii) the
<br />;miums on the properly insurance required hereunder, and (iii) the premiums on any mortgage
<br />urance required by Lender.
<br />6. Borrower shall keep the described Property in good condition and repair; shall
<br />nptly repair or replace any improvement which may be damaged or destroyed; shall not
<br />mit or permit any waste or deterioration of the real estate hereinabove described; shall not
<br />�ve, demolish, or substantially alter any of the improvements on the Property; shall not
<br />mit, suffer, or permit any act to be done in or upon the Property in violation of any law,
<br />nance, or regulation; and shall promptly discharge at Borrower's cost and expense all liens,
<br />unbrances, and charges levied, imposed, or assessed against the described real estate or any
<br />thereof.
<br />7. Borrower sha11 keep the Property in compliance with all applicable laws,
<br />rdinances, and regulations relating to industrial hygiene or environmental protection
<br />collectively referred to herein as "Environmenta.l Laws"). Borrower shall keep the Property free
<br />om all substances deemed to be hazardous or toxic under any Environmental Laws
<br />collectively referred to herein as "Hazardous Materials"). Borrower hereby warrants and
<br />epresents to Lender that there are no Hazazdous Materials on or under the Property. Borrower
<br />ereby agrees to indemriify and hold harmless Lender, his agents, and any successors to Lender's
<br />interest, from and against any and all claims, damages, losses, and liabilities arising in
<br />connection with the presence, use, disposal, or transport of any Hazardous Materials on, under,
<br />from, or about the Property. THE FOREGOING WARRANTIES AND REPRESENTATION,
<br />AND BORROWER'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY,
<br />SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRUST.
<br />8. Borrower shall not sell, transfer, assign, convey, or further encumber all or any
<br />part of or any interest in the Property hereinabove described, either voluntarily or involuntarily,
<br />without the express prior written consent of Lender, or as otherwise herein permitted; and in the
<br />event of any such sale, transfer, assignment, conveyance, or transfer in violation of this
<br />provision, Lender shall have the option to declare all sums secured hereby immediateiy due and
<br />payable.
<br />9. If Borrower fails to perform the covenants and agreements herein contained,
<br />Lender may do and pay for whatever is necessary to protect the value of the Property and
<br />Lender's rights in the Property, including the paying of any sum secured by a lien which has
<br />priority over this Deed of Trust, appearing in Court, paying reasonable attomey fees, and
<br />entering the Property to make repairs. Any amount disbursed by Lender under this paragraph
<br />shall become an additional debt of Borrower secured by this Deed of Trust, to bear interest from
<br />the date of disbursement, and said amount, together with the then-unpaid principal amount, shall
<br />bear interest at the highest lawful rate until refiinded by Borrower.
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