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<br /> -• ' COVENANT8 ��� ���� �i;� �
<br /> 1. Payrtante. Borrowar apreoe to mako ell paymanta on tho eocurnd dobt whnn duo. Unloae Bor►owor nnd Londor oQroo otha�wlao, ony '�
<br /> � puymonte Lcndcr roc¢ivoo(rom Bonowor o► for Elonowor'8 6onofit will bo oppllod Ilrst to nny omounte 9orrowor owos on tho aocurod dobt
<br /> oxciusiva of Intoroot or principnl,cocand to Intorn�t,nnd tlion to principol. If pr.rSlnl propnymont of tho aocurod debt accurn for any roncon,it wlll
<br /> not roduce or excuee ony tcheduled payment untll the securod dobt Is peld In tull.
<br /> � 2.CIUm�Agatntt 7itl�. 8orrower will pay all taxei,eus�cme�t�, end other Chupes ettrlbutabie to the property when duo nnd wlil dafend tltie '
<br /> to the propertY epaintt any clNms whlch would ImpNr tho Ilen af tlifi deed of truet. Lender may requlro eorrower ta easipn any riphte,clalma o�
<br /> defentes whiCh Oorrower mey h�ve�pdn�t penls�who supply I�bor or m�terisio to Improvo or malnteln the proper.y.
<br /> ' ��� 3. Inwnnc�. Borrow�r will keep tha prop�rty In�und under tsrms nccept�bls to Lends�at 8orrower'�sxp�m�and for 4ander'e bsn�fit. All
<br /> Insunnce policioa shdl lnciude a�t�ndard martptya clauYe In favor o}Lendu.Lendor wlil be nemed sf lot�payee o►es the Insured on any auch
<br /> insurence pollGy.Any Insurpnce procaedt may he applled,withln Lender'n di�cretlon,to elthor the reitoratlort or repalr of the damtged propeny
<br /> or to the secured debt. if I.ander require�mortpipe Inturence, 8orrower aprees to maintnin euch insurance tor oe lonp e�Lende►requlrea.
<br /> ��.' 4.Pro�rty.9orrower wiil keep the property in pood conditlon and m�ka�il repalro reasonably necessery.
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<br /> � ,.s:.w��� 6.Exp�n���.Borrower apress to p�y dt Lender'a expense� Including roasonebte attorneys'fees,!f Borrower breaks eny covenante In thla dn�d
<br /> ,,.,,, ,.,yw..� o}tru�t or in eny o6ilpation�ecured by thl�deed of truat.�orrower will pey these emounte to Lender ai provided in CnvAnent 9 ot this deed of �
<br /> • tru:t.
<br /> 8. Prlat 8�eurlty Int�r�sU.Unless Borrowar firat obtalns Lender'n writton consent, Bor►qwer wlll not make or permit any chanyoa to any prlor �
<br /> security Interest�. Borr�war w111 perform eli�f Bor►owe�'e ob8�atiana under any prior mort9epe, deed of vunt or othar seeurity egreement, ,�
<br /> IncludinQ Borrower'o covsn�n4�to make payment�wMn dw. • •_
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<br /> 7.Aitlan�n�nt ot RMt�a�d Proltb.Borrower essigns to Laxier tha ronte and protits of the propecty.Unleas Borrowe►and Lendar have egreed �• '�
<br /> othe►wfse in writiny, Borrowor may collect end retefn the rontn oa lonp ae Borrawer la not In defauh. If Borrower dofeuite, Lender. Lender'e t:;�;<:
<br /> apent,or a court�ppolnted roceive�may take posseseton end mcfnt�yfl the property e�d collect the rAnte. Any rente Lendo► collects ehall be S,?,,.
<br /> apptied first to the costa oi manaping tha property, Includirr� court coste and atto►neys'}eee, cemm(aalona to rontel egents, end eny othor ;.;._=.
<br /> neceasery rel�ted expens0s.Tho remetnfnp emount of rents wi�ll thr�n appiy to paymants on the secured debt ae providad in Covenant 1. ;;n
<br /> �� ,` 8.L�uehdda•ComfomiNurrtt�:Plarw»d Unk MvMopm�nts.Borrower egreea to comply wlth the provlalons of eny lease tf thie deed of truet le on :,;�'-
<br /> ' � a IenseAold.1�thfa deed of truat Is on a unit In a Cnndominium or n planned unit development, Borrower will periorm ail of Borrower's dutlea ---
<br /> undar tha co�tntnta,trylar13,nr raQufation:ot tha condamintum or ptanrbd unit davalopment. �°"'�:
<br /> 8. Authority oi L�nd�r to Pafortn foe Qorr�w�r. If ffcrrower telb to��erfarm eny of Borrower's dutlos under thia deed of truct, Lendor may �`--
<br /> ��'� �; periarm ths dutlp or cau��therte to be p�tfamsd. Lander msy oipn curovrer'e n�me or pay eny emount(f neceasrry for performance.if any
<br /> + consVUCtton on theproperty la discont(nued or not carrlad on in e reasonable menner,Lender may do whetevur ia neoc�sst�ry to protect Lender's ��,"�"
<br /> „ � securiry interest in tt»property.Thl�m�y Inctude comploUnp td�e constructlan. ��"-"'
<br /> Lender's failure to partorm will not prectuds Lender hom exerclsing any of ita other r7phte under the lew or thta deed af trusi. &,.�
<br /> AnY emauitts paid Ay Lender to protect Lender's�ecurity interost wiil be sacured by thia deed of trunt.Such amounU will be duo on demand `=',���
<br /> �nd wiil beer intsrest(rom the date of the paymcnt untfl paW In full�t the intereat rate in uffect on the secwed debt. FFL=-
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<br /> 10. D�fx�it�nd Acc�IK�tlotf. If Borrower tella to make eny payment when due or broaks any covenants under thie deed of trust or eny F:=�
<br /> oblipatlon ucured try thie dead of trust or any prior mortQpe a deed of truct,Lender mey eccolorate the maturity of the secured debt and �
<br /> � demand Immediate payment and may Invoke the power of�ete and eny other remedlee permitted by epplicable law. __
<br /> �� 11. R�qwst(or Notic� o}I1�fwk.it(s hereby reque�ted th�t copiea of tM noticea of defauft and eale t►e sent to each perean wha 1�a party _
<br /> hereto,�t t`aa eddrsa�of eech�uch pernon,ai aet forth Iwreln. -
<br /> � 1Y. PowK rof SW.li tha Lender invokea the power oi saie,the Truetee sh�ll fira record In the office ot the ropister of deeds of each sounty
<br />_ wherein the trutt prope►ty or some put or paresl therao!ts situated e notice of defauit contoinlnp the Information reQu{rod by law.Ths Truats�
<br />- ahetl d:o mafl copls�of the notice of defwlt to the Borrcwer,to each person who if�p�rty heroto, �nd to other pnreom ao pnacrfbad by -
<br />, , �pplic�W� law. Piot lesa than one month �fter tM TruSteo racords the notics cf defauit,or twe month� It the truat prapsrty le not 1� any .
<br /> � ncorporat�d city or vlllaps�nd I�ussd In hrminy operatiom ca:rled on by the tsu�to►,the Truates eh�ll fllve pubHo nofioe of�aie to ths persont
<br /> °-_;•�r,w � �nd In tl►�m�naer prescribW by�pppBc�We law.Trustes,wtttwut dem�nd on Borrower,shUl se0 tfie propertyr at public auctlon to the hipheyt
<br /> � bidder.It re�ulred by the Fum Homette�d P►otectlon Act,Trustee ahiil offer the psoperty In two separt�te a�ba a�reqnired by eppiicabts law.
<br />-=H.: Truste�mty RotEpone wk oi dl or ony paresl ot tM property by publio ennouncement af the time and place of�ny previoutty sch�duled s��e.
<br /> ,�u•. ' Lsnd�r or Its desipnee m�y purchass tM proparty�t�ny sate,
<br />`A�n'�;`��� U n recetpt of payment of the Ice bid,Trustee shall deliver to the purchaaer Trustee's deed conveying the proporty.The recitiale contained In
<br />-.x--' TNpitM'a WW shall be prime h tc s evidience of the truth ot the statements contained thortin.Troste�•sheil apply tha procaedt of the e�le In tM
<br />�.ky�,.::5•:. tollowlnp order: (�) to all oxpmset of the oate, I�cludinp, but not Iimited 40, re�oombls Trustee's fees, re�sombls �ttornsy'� fe�a �nd
<br /> .;,.�:,.; refnst�tement feea;(b)to eil sumo secured by:his daed of truct,end(cl the balance, if any,to ttie persons Ieaaliy entitled to receive it.
<br /> s;Y.;t�"�' 13. �ondo�x�.At Lender's option,this dead of Vust may be forecloaed(n the manner provide 6 a Itcable law for foreclouire of mdrt e et
<br />-.,5.-'�-',�;='::.'. . an ro�l propsrty. Y DA o p
<br /> '�'�� 14. � lender may Unter tM property to inspect it if Lender pivea Borrower notice beforohend.The noYir,o muet st�te the restonaWe
<br /> - `�� csus�(a L�nder's Utpectbn.
<br /> '..�.Li'�`� _.
<br /> --' — 1B.l`,ondesrrM�lon.B!xiower esel ne te LerMer thetxace�ds of any etivard or clnlm far damape:connaci�d with a can�emnaUon or ot'�c:ta�'rt� ---
<br /> __—o-= of atl or�ny p�rt of the property.�uch praceeds will De apylied et provided in Cnvenmt 1.Thls asabnment fa subJact to ths termt of arry prNx --
<br /> ------ wcurtry eprearr�nc. _
<br />�%���'� 10.W�Iwr.By exercbirty my remedy aveWbte to Lentler,Lender does not pive up any riphU to later usa any other rsmedy.By oot sxnrCtsirrp
<br /> eny remedy upon 8orrowar'e detau!t,Lender doee not wa;va any rlpht to later conelder the event�defwtt I}It liapper►�apain.
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<br /> __-:� 17. Jolnt �nd S�wr� Caitpmrr, SuccNSa� �nd At�ipnf Bound. All duties undn thls deed of trua are�olnt and suvsrel. Arry =-
<br /> �..;m . Borrower who casiy�� thte eed of trust but doe� nat co•aipn tM underly�rtp debt Inatrumentl�) dae� eo onty to pront and convey ihat
<br /> ----°�� Bor�ower'e Intereat In ths property to the Ttustee under the term�of this d�od oi trust.ln additlon,such e Borrower aQrees ffi�t tNe lender and
<br />-.�-�,,;�q=.{�"� any otMr Borr4wer under this deed of tn�at may�xtencl, modifv or make any other change�in the torma of thin desd of truet or the�ecured --
<br />-�°-�;;y±t� debt w(thout that Dortower'e cansent sM wl2Mut rele�atny that�orrower 7rom the terms of thf�deed of trutt.
<br /> -��s�•r.:-a°� —
<br /> �� Ths dutla nnd b�netit�of thb dsed at truat shell Wnd and benefit tNe iucceators�nd nsipn�of L�nder and Borrowsr.
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<br />=�r"�,��_'?� 10.[�lotic�.Unl�sa otherwise requtred by law,�ny notice to Bo►rower�hall be p(ven by deliverinp it a by meilfng it by certified mail sddrotaed to -
<br />�;� . ;,_�*. Borrovwr�t the prop�rty eddrore a�any other eddros�that Borrower h�s given to Lender.Borrower will plve sny nottce to lender by certitied =
<br />�-_ �,.;r..-. mall to lmdet's addr�ss on pspe 1 of thie deed of irust,or to eny o4her eddross which Lender has desipnated.Any otMr notice to Lender ahall �
<br />�.��,• be sent to LendoPa�ddrots as ctated on p�pe 1 of thia d�ed of trust. W--
<br />_ Any notics shell be deemed to h�ve been p(ven to Bonowe!r or Londer when ylvon In the manner etated abnve. !-.'
<br />_ 19.TrnsiM ut f!N Propsrty a�d�fkiat IM�rost in tt�Borrow�r.It dl or any part of the propertv or�ny Intereat In(t fa sold or trenaferred �-
<br />_- • _ • without L�ndx's prior wrilteo con�ent, Lendsr ma derr�and immediats a ��'c=-`��-
<br /> Y p yment of tha �scured debt. Lender mey etso demand immedfete ,—
<br />=.. , d�em�indtp�sytm�inBln the�bove�ituationi ii I�s�prohib tt ed by edorel law ei of the de�oi thli deed of o��nsferred. However, Lendar may not ��'��`.�.
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<br /> ' � ' 20. R�conwyx�c�.When the obltpatton aoavrod by thfs deed o}trutt has haen peid and Lender ha� no further obUgation to make odvenus ��'-'=
<br /> � � undmt the IncVumente or egrsemente seccrod by thls deed of ttuat, the Truatee shalf upon wrlt4en requeat bY the Lender,roconvey t?►�truat •r,,,;'
<br />_ • ' property.The Lender�hsll detiver to the Bonower,or to Borrow�P�euccosaor In Interes�the Vust deed and the note or other evldonce of the
<br /> oblfqetion so�eti�fled.Borrower shall pay eny recordaticn cosis. G
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<br />_ -- ___ ___--_ 71 C.ww...w. T u�� I�..A.. �� 1�.��� " .o�.-tvio iiwi8e iRis uy{sitii�i 1 6V4L'QiiOf irt�ilpp py iRBi. mairinp e copy ot the
<br /> •-is� substitutlon of trustee ei requtred by applice6le Pew,�and t�ion,by fiilng the subatltutlon of truatee(or record in the oftice of the reelate►of deeds '
<br /> _ � • of each caunty in which the trutt proporty,or some part ttroreof,la eftuated.The succeseor�atee,without conveyance of the propar3y,shell
<br /> - sucaeod to ell tho power,dutfoa,authorlty end titie of the Truatee namad in the deed of trust end of eny succoaaor Vustee.
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