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<br /> � of Trast is on a unit in a aondominium or a plarmed unit devetopment,Borrower shall pe�rm all of Borrower's �w` ,. . .
<br /> . . `; � overnia the condaminiwn or planned unit devetopment, ' _�' ; �
<br /> � . obllgatIons vnder the declatation or covenanu cre�ng or g S . _t ��_��.��
<br /> �. We by-laws aad regulations of the wndominium or plariased unit developtnent,and oonstitaent documents. 4�
<br /> < . ' I 7. pivLe�iun of I�s�ntiY• If Borrower faiLs to getform the oovenauts and agreements oontained ia thfs ��."�.,�-�
<br /> � ' � Deed of'IYust,or if a�►actian or prooeediug is wmmeaced which materially affects L�ender's interest in the Property,
<br /> � , then Leader,at Lender's optin0.upon notice to Borrawer,may make sush appearances,disbuise such sums,including ° �
<br /> , �.:? reasouab2e atcoraeys' fees,and take swch accion as is neoessary to protect Lender's interest. If Lender reqnired .
<br /> � , � mortgage insurauce as a oonditlon of msldng the loan secured by this Deed of Tmst,Borroaver shall pay thc premiums
<br /> . � � required w maintain sucb insnrance ia effect unW such time as the requirement for sac�insuranc�e tesminates In Y
<br /> �.. .- .. .� a000rdance artth Borcower's and Lender's arItten agreement or appl�cable laar.
<br /> - -- - . � pfly An+�.,��disbuised by Ieader pwsuant w this paragraph 7,wlth iaterest the�+eon,at the Note rate.sball `=-r-: -';`,`_;
<br /> ' ` ' bacome additioaal Iadebtedness of Borrower secured by tWs Deed of Tros� Untess Borrower an�Lender agree ,
<br /> . other terms of payment,sach amonnts shall be payabie upon aotIce from Leuder to Borrower requesun&PaYment ' .
<br /> . � . thereaL Nottiing contained in thLS paraSraPh 7 shall require Lxnder to iacur any expense or take a�►accion hereunder. . ` .
<br /> • _ g �a. Leader may�e or cause to be made reasonable eatries upon and inspecuons of the Property, �
<br /> reasonable r�ase t�erefor � S .�.:
<br /> .'. _ � provIded that Lender shall give Borrower notice prior to any such inspection spe�ing ,
<br /> � ,:' � related w Lender's interest in the Properry. dire�t or co uential.in wnaectlon wlth • '.�;�.�,
<br /> . . . 9 �n- "(�e Pmceeds of atry award or claitu for damages. �1 �:
<br /> airy condemnaaon or other takiag af tiie Property,or Pan thereo�or for oonveyaurc in liea of condemnat�on,are �`',:-.:-:-
<br /> hereby assigaed and shalt be paid to Lsnder,subject to the tetms of anq mortgage.d�d of unst or other sewrIty ___i
<br /> . .`� agreement with a liea which has prIort ty aver Wis Deed of Tn�s�. , . �.
<br /> � . � . 10. Boaower Not Re2eased; Fo�B9'�Not a Waived F�tension of the[�cne for paymeat or • --
<br /> ; ve.
<br /> � modiBcatlon of amortiration of the sams secured bp tl�s Deed of Trust g�anted by Lender to anq suoce,ssor in iaterest • -_-
<br /> �. � .. of Borcawer shall not operatc w release,in any manner, the liabiHty of the orlginal Borrower and Borrower's ��.;�
<br /> t such successor or refase to ,.�_
<br /> � � succ�sors in interes� Lender shall not be required to commeace prooeeding,s agains . ; ��...�:;.
<br /> � esteIId time for payinent or oiheiwise modify amariizatton of the sams secured by tbLs Deed of Trust by reason of any ----- ... '•..�.._
<br /> eS i,ender in exerasiag " '��
<br /> .. demand made by the orlg[nal Borrawer and Bortower's snccessois in interest. Any forbearance by . +.
<br /> +'��v
<br /> � any right or remedg hereunder,or oiheiwlse afforded by appHcable 18w,shall not be a waiver of or preclude the r.�.�;_:
<br /> �•
<br /> r�_:: ��'r-
<br /> , egerclse of a�r such tight or remedy. The cavenants aad agreements herein : ,.•,�,���-
<br />_. . . ' iL S`uaoe�ois and Assigps Bomnd;Joini aad Several L3ab�y C� '' ���`'�`.�
<br /> of Lender aad �'�-�'•"..�
<br /> ' � contaiaed shall bind.and the r[ghts hereuader shall Inure to,the respective sucxessors and assigns :�,;,;_�„-�:�; =
<br /> . . Boaower,snbject to the provisians of para�raPh 16 hereo� All cavenants and agreements of Bormwer shaU be joint :. � 1='�':`��,,-•
<br /> and seveial. Aay Bocmwer who co-signs Ws Deed of Trust,but does not exscute the Na:e,(a)is°°'slf�n�$this Deed , - :J��,,,;
<br /> ' { of Trust�nty to grant and canvey that Borrower's intetest in the Property w Trustee�der the terms af tbis Deed of ,�:��,.�j,�}< <
<br /> �. 'ie:�i'�..�.
<br /> . . ''.:'f 'ho.n,N)is not petsonally liabie on the Note or under thts Deed of Trust,aad(c)agees that Lendes and any other . . ,,...,.,:
<br /> Borrower hereuader may agree to extead,modify,forbear.or make any other aocommodations wIth regard to ffie terms ;;:�._y.: -
<br /> , :' � of this DeeA of Trust or the Note withont that Borrower's consent and withont releasing that Boaower or modilying � :;�.�,;,^,;,
<br /> .. i ',�.;.,,
<br /> tbis Deed of 1Yust as to that Borrower's interest in the Properry• °'.•.�,
<br /> � - 12 Notio� Facept for suy notioe required under applicable law to be given ia another manner,(a)anY nma�ce �.�.:.,F_i4°
<br /> �, g by such notIce b certiSed - '?s�'.;.
<br /> - � . to Borrower provided for in tULs Deed of Trust shall be en by deliverin it or mailing Y ��T,--
<br /> � mail addressed to Borrawer at the Property Address or at such other address as Borrower may designate by notice to •='z,T:;
<br /> . Lender as provided herein,and(b)any notice to Lender shall be given by certifed mail to Lendes's address Stated -_-_ _---,-;
<br /> here i n or to suc h o t her address as Lender may designate by notice to Borrawer as pravIded hereln. Any nottce ` '•;;;3�'�' •
<br /> � . provided for in this Deed of Trnst shall be deemed to have been given to Boaower or Lendes when given�n tlis .;'�F�'.
<br /> ..3��
<br /> maaner desigDated herein. ' .`
<br /> ' � p�y�g ia�Ssve�ab�ity. The state and local laws applicable to thts Deed of Trast shall be the laws of . ,.�.
<br /> � the jnrisdiction in afiich the PropertY is lacated. 'T�e foregoing sentence st�a11 not timit the appHcability of Federal .
<br /> • 1aw to th�s Deed of Trus� In th�event that any provision or clause of this Deed of 1Yust or the Notc oonflicts with „ . ,���,;
<br /> . applicable law,such contIict shall nai affect other provlsions of this Deed of Trust or the 1Vote which caa be g��en ,
<br /> effect without tlte couflicting piovision,and to this end the pravislons of this Deed of Trust and the Note are dec`�i
<br /> to be severab2e. As used herein,°costs",'expenses"and"attomeys'fees°iaclude all sums to the extent not proh�ited , .
<br /> � ; ' ' ' � � by applirable law or llmited herein. , �. '�'' �:
<br /> ! � , . � iq, gona�efs Copy. Borrower.shaU be fumished a conformed wpy of the Note and of this Deed of Tn�st at the ,
<br /> �� • • time aS execution or after recordation hereo� �
<br />' ��i � � �����D � p�ent Bonower sha;� fu1S11 all of Borrower's obligations uncler any hoiae .
<br /> - � � rehabilitadon,impravement,repalr+or other toan agreement which Basrower enters into wlth Leader. Lender,at .
<br /> 1 I,ender's opSon,may requite Borrower to execute aad deliver to Lender,in a form acceptable to Lesder,an asslg�tment
<br /> . , � of any rights,claims or defenses whtc�Bonower may have against parties who supply labor,materials or services in ,
<br /> . • ' . � conaection wlth improvements sade to the Properiy. • . .
<br /> . 1� 'I�ansfer oi the Property or a Be�e8da1 Inte�t ln Bonav+►er. If all or anp part of the Property or an}r interest .
<br /> ln it�S sotd or transferred(or if a beneSctal interest in Bonawer is sold or uansfened and Bonoc�er is not a natural
<br /> ' person)without Lender's prior writtcn oonsenb Lender may,at its option,require immedlate payment in full of all .
<br /> � � sums secured by this Deed of Trus� However.this opdon shall not be exerclsed by Lender if exerclse is ptohiblted
<br /> � � by Federal law as of the date of thls Deed of Trns� �
<br /> • If Leader exerclses this option,Lender shall glve Boaawer noUce of acceleration. The notice shall pravide a � .
<br /> . ' period of not less than 30 days from We date the aotice ls delivered or maited within which Borrawer must pay all
<br /> � ' sums secured by this Deed of Trus� If Bonower faiLs to pay these snms prtor to the expiration of this period,Lender
<br /> • � may invoke any remedies permitted by this Deed of Trust without funher noUce or demaad on Borrower.
<br /> :. ; � .
<br /> . (4BiiItASK14SECOND MORTGAGE-IBO-PNNWFt�SVlC UI�11bY1R�INSIItU�TI' E�� i
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