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<br /> , • � Bormwer cavenants that BOrrower is lawFully seized af ihe estatc hereby oomreyed and I�a.s We nght to graat and
<br />. . oom+ey We Pmpeiry.azcd tbat the Property is uaencumbececf,exzePt for enaimbranoes of reooid. Boaawer oavenants that _ . .
<br /> ': , � Bonower ararranLS and wlll defend generaliy the title w We Property against all claims and demands. subjeU Lo .. .
<br /> encumbiaaoes of record. � . ;
<br /> . ` • ;,.
<br /> . ` UNffORM COVENANTS. Borrower and L.ender oavenani aad agcee as fol2ows. � �
<br /> ; . . � 1. Payment of Prindpai and Inteees� Bo:mwec sball P�9 PaY when dae the p:incipal and inteiest . .
<br /> . indebtedness evideaoed hy the Note and late charges aatl other chaigges as pmvided ia the Nate.
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<br /> �. - - Z Payment ot Taua Subject to applicable law or a watten waiver by I.eader,Boirower shall pay taxes aad � -
<br />=- �- _'t�.- � ass�mends(inctuding condominium a�d planned unit deve�agmeut assess�eWs,i�anY)wMch may attain p�iorif�+over this _ �-r°- T,-< .
<br />. . _ ; � Deed of Tiust,and graund rents on the Pmgerty.if aaY. � � . •�.
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<br /> j 3. Applicatton ot Paymeats. UnIess applicable law piavides olhernise.all Payments reaeived bY I.eader undec . . � .
<br /> ' 1 the Naie and paiag,rapLs 1 and 2 heteof shall be applied tiy I ender fust ia paymcnt of amonnts payable tn Lend�r b3+ -- .
<br /> . '.° � Borrawer nnder paragrapb 2 here�then to interest payable on tlie Note,and Wen w the principal of the Note. • .,. _• '
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<br /> i. � 4. Prfor Mortga�ee and Deeds of Trns�C6arges;Idena Bormwer sball perfarm all of Bormwei's obli�ttions ' �,w;�.:'.-,
<br /> under anY most�►g�desd of tiast os other security ag�meat with a lien which has priority aver this Deed af Tmst, ,: ;_ _.,.�;
<br /> '.. , � inclnding Bonawe�'s oovenanis to ma�oe payments when dae. Bomnwer sball pay or c�to be paid,prior tn detinqaency, `:`*"�;.;,;:
<br /> .. �� , all ta�s,as�aad oWer cLarges.fines ana imposttions�Ie w the Pcoperty wluch may atraia a priority over � __
<br /> � Wis Deed of Tnist,and leaselwid Payments or gcoundteats.if ai►y. , °�.-�;r�:w�-
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<br /> 5. Hazard Insuranc� Horraa�cr shafl keep We impravements naw existing or herea8.er erected on the Pmperty , -.'.'��'
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<br /> . :• � iDSnled S�IBSt ZOSS I1y�7IC.�TAS 1i1CI111�Cd WltI11II thC tEiIIt°C7QBR�CdVC�s1�C°.8ild SIICII OibEt�13Z2tdS 8S LCI1dCT IIlay ----.-'t�" ;
<br /> I0QI11IC 8AB ID SIIC�I 2AIO1WIS�fOI Sl1Ctl QC[lOaS 8S LCIIdCi II13y I8Q111IE. �>: �
<br /> � . 'T�e iasuranoe cazrier pmviding the ins�uance s�atl be chosen hy Bormwer suUject to appraval by I.ender; . ' :� ��-
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<br /> _ . provided.that s�ch approval shall nat be unreasonably�vithheld All insu�anoe polic�es and renearals thereof sbari be in a �:�`;:=II�.-�
<br /> , form acAeptable to Lender and shall include a staztdard mnrtgage clanse in favor of and in a form sooeptab2e w Lender. ,. ,1°r;���.—;:
<br />_. . ..�: : Lender shall have the right w hotd We policies and renewaLs thereo�subject W tlie terms of a�r ffiortg�g,�deE4 of tiast or , `,
<br /> � - other security ageement with a lien which has priority aver Wis De�d of Tzust. `��,�;. .
<br /> � In the�vent of tass,Bomawer shall givc pmmpt notice w the insazance cazrier and Lender. Lender u�aJ+make ° � .,�:,���
<br /> . pmof of loss if aot made promPtlY by Boaower. .`-.5�':'•���:t!
<br /> � � - If the Property is abandoaed by Bormwer,or if Borrawer fa�s to zespund to Leuder wiWin 30 days from the date . :;a°;;'� '
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<br /> . . � .�� i natioe is maited by I.ender w Bomncver that We ins�rance cazrier affers to seitle a claim for insuiance benffits.I.ender is ���'+i�;;
<br /> . • authoriud W wltect and appIy the insurance proceeds ai Lende�s option either to restoiation or repair of the Pmperiy or to :`:�'�%;
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<br /> _- - - ---._._ � the s��ms seca�red by this Deed of TnW. :��'�
<br /> `_%ar-
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<br /> j 6. YreservatIon and Maintenaace of Property; Leasehotda; Condomia�mms: P�anned Qnit � .F=,�
<br /> Deveiopmenta Borrower shall keep the Property in good repair and shall not commit waste or pemrit impairment or - - _'rT"'-�
<br /> '�;� deterio:atioa of the Pmyeiry and shall comply with t�e pmvisions of arry lease if this Deed of Tzust is on a leasehold if tbis '`���''r-
<br /> Deed of Tnut is on a unit in a wndominiam or a planned nnit deretapment,Bonower shall perfo�all of Bormwer's �'*-r
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<br />. �.'i obli�tions nnder the declaration or oavenants creating or governing the condominium or planned anit developmem,41ise b}r- �. �.-�:�.
<br /> " �. laws and regu�atlons of the condominium or planned unit development,and constituent documents. � = .---�
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<br /> ' � Z Protecttan a! Y�eader's SecarFty. If Borrower faiLs to gerform the oavcnants and agreements cantained in -�'�'�: ..'� �
<br /> . • t4is Deed of Tn�st,or if auy act�on or pmceedlag is commenced whis�materialty affects Lende�s inte�est in the Propecty. . : � .
<br /> . then Leuder,at Lendei's oDiion, upon cotice to Borrawer, maY m�lce such appearances, disbuise sach s+�s,inciuding �"' �. �
<br /> - • ,, reasona62e attomeys'fces,and take such action as is nei�essary to pmtect I.euder's interesl. If Lender required mortgage ' .. �
<br /> , ;n�,,.�nce is a condit�on of making the loan secured by this Deed of Tn�st,Borrower sLall pay the psemiums required to , � �-
<br /> ,. maintain such insurance in effect until snch time as the requirement for snch insurance is terininated in aooe:dance with .:,. . .
<br /> Borrower's and Lende�s writtea agreement or apylicable law. . .
<br /> � . . Airy an:ounts disbursed by Lender pursnant to this paragaph 7, wiW interest theseA�,at the Nate iate, shaU . . -
<br /> ,. beoome additional indebtedness of Borcower secured by tLis Deed of Tn�st. Unless Bonower and Lender agr�e to other , .
<br /> '� terms of payment, such asaounts sball be payable�on notice from Lender w A�mwer requesting payment thereof. � '
<br /> ::� Nothin�wntained in this Fa.zagraPh 7 shall require Lender to incar airy expense or tzae any actian herennder. �
<br /> •,. � 8. Inspedion. Lrnder may make or cause to be made teasonable eabries upon and inspections of the Property, •. .
<br /> �,� . ' pravided that Lender sha11 give Borrower notire prior to am+such inspection specifying reasonable puse therefor related to
<br /> ���. Lender's interest in the Presperty.
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<br /> � 9 Condemnation. The pmceeds of azry award or claim for damages,direct m consequendal,in wnneetion with
<br /> azry wndemnation or other talciing of the Property,or part Wereof,or for oomeyance in lieu of oondemnatioa,are hereby • ,.
<br /> � . assigned aad shall be paid to Lender,subiect to the rights of the holder of anp mortgage,deed of trust or other security � . � '
<br /> � . . � agreement with a licn wluch has paority aver this Deed of Tn�st. ��
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<br /> � 10 Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> ' madification of amortiratioa of the sums secured by tLis Dced of Tn�st granted by l,ender to any suooe�sor in interest of . .
<br />- � Borrower shall not operate to release, or othenvise afl'ect in atry manner, the liability of the original Horrower and
<br /> � � Borrowefs successors in intetest. Lender shall not be required to oommence proceedings against such suooessor or tefilse to �
<br /> � � extend time for payment or oihenvise modify amortizaUon of ihe sums sec�red by this Deed of Tiust by reason of a�+
<br /> demand made try the original Bonawer and Borrowei's sucecssors in intcrest. A�ry faibeatance try Leader in exercising az�y .
<br /> � right or mmedy hereunder,or oihenvise afforded tsy applicable 1aw.shall not be a�vaiver of or preclude the exescise of any `
<br />- such right or remcdy.
<br /> .�s�� i i �� .
<br /> � � Form N�NE (10/46) Pagc 2 of 5 __ ._....
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