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<br /> S. I'rc.wervutton and Mutntcnancc af Property; Lcascholds; Condom(niums; Planned Unit DevclopmcntA. � -
<br /> 8onower shalt kcep thc Property in good repair and shall not commit waste or permit impairment or detcriaration af __--_
<br /> the Properly and shall cnmply with the provisions of any lease if this Decd af Trust is on a Icasehold. If this Deed of _
<br /> Trust is on a unit in a condominium or a planncd unit development,Borrower shall perform all of Barrower's obligations
<br /> under the declaration or covenants cteating or govcrning the condominium or planned unit dcvelopment, thc by-laws I a�'`
<br /> and regulations of the condaminium or planned unit development, and constituent documents. '�--�
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<br /> •w""""` � 6. Protection of Lender's Secur[ty. If Bonower fails to perform the covenants and agrecments contalned in this Deed
<br /> „ `� of Trust,or if any action or proceeding is commenced wl�ich matedally affects i.ender's interest in the Property,then . _
<br /> Lender, at L.ender's option, upon notice to Bonower, may make such appearances, disburse such sums, lncluding
<br /> reasonable attorneys' fees, and take such actions as is necessary to protect I.ender's interest. �' _
<br /> Any amounts disbursed by Lender pursuant to this paragraph 6, with Interest thereon, at the Note rate, shall become --
<br /> additional indebtedness of Bonower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms
<br /> of payment,such amonnts shall be payable upon noticc from Lender to Borrower requesting payment thereof. Nothing -
<br /> ' contained in this paragraph 6 shall requlre Lender to incur any expense or take any action hereunder.
<br /> � 7. InspeMton. I.cnder may make or cause to be made reasonable entries upon and inspections of the Property, ,,.
<br /> ' provided that[,ender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related
<br /> to L.ender's interest in thc Property.
<br /> 8. Condemnatioa. The proceeds of any awazd or claim for damages,direct or consequential, in co�ection with any
<br /> '" wndemnation or other taking of the Properry, or part thereof,or for conveyance in lieu of condemnation,are hereby
<br /> assigned and shall be paid to L,ender subject to the terms of any mortguge,deed of trust or other security agreement with �:.
<br /> `�, a lien which has priority over this Deed of Trust. l°
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<br /> . 9. Horrower Not Released; Forbearunce Sy Lender Not a Waiver. The Bonower shall remain liable for full
<br /> � payraent of the principal and interest on the Note(or any advancement or obligation)secured hereby,notwithstanding
<br /> , any of the following: (a)Tbe sale of all or a part of the premises, (b)the assumption by aaother pazty of the Borrower's
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<br /> oblieations hereunder,(c)the forbearance or extension of time for payment or performance of any obligatton hereunder,
<br /> � . whether granted to Borrower or a subscquent owner of the property,azid(d)the release of al1 or any pan of che prcui ac�
<br /> securing said obligations or the release of any party who assumes payment of the same, None of the foregoing shull
<br /> , in any way affect the full force and effect of the lien of this Deed of Trust or impair Lender's right to a deficlency
<br /> � judgment(in the event of foreclosure)against Borrower or any party assuming the obligations hereunder.
<br /> " Any forbearance by L.ender in exercisinE any right or remedy hereunder,or othenvise afforded by applicabie law,shall
<br /> �� not bc a waiver af or preclude the exercise of any such right or mmedy. ���
<br />� �', 10. Successors and Asstgns Bound;Jaint and Several LIablHty;Co-signers. The covenants and agreements berein —
<br /> > contain,:d shall bind. and the rights hereunder shall inure to, the respective successars aad assigns of L.ender und
<br /> � Borrower, subject to the provisions of pazagraph 15 hereof. All wvenants and agrcernents of Bonower shall be joint
<br /> , and several. Any Bonower who co-slgns this Deed of Trust.but does not execute the Note:(a) is co-signing thts Deed _
<br />- '' of Trust only to grant and convcy that Borcower's interest in the Property to L.cnder under the tercns of this Deed of
<br /> '� Trust,(b)is not personally liable on the Note or under this Deed of Trust, and(c) agrees that Lender and any othcr `'
<br /> Bonower hereunder may ngree to extend.modify,forbcar,or make any other aceommodations with regard to the tern�s P:=
<br /> � of this Deed of Trust or the Note wlthout that Borrower's consent and without releasing that Bonower or modifying this ��
<br /> Deed of Trust as to that Bonower's interest in the Properry. t
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<br /> � ` 11. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice co =___ _
<br />_ Bonower provided for in this Deed of Trust shall be siven by delivering it or by mailing such notice by first class mail �;,�-•::�
<br /> _ addressed to Borrower or the current owner at the Propetty Address or at such other address as Bonower may des[gnate ���c y.��
<br />- by notice to L.ender as provided herein, and any other person personally liable on this No[e as these person's names and
<br />— � addresses appear in the Lender's records at the time of giving notice and(b)any notice to Lender shall be given by flrst '=`��`� , s� -".
<br /> class mail to Lender's address stated hercin ar to such other address as Ixnder may designate by notice to Bonower . "' '`'�. .,
<br /> , as provided herein. Any notice provided for in this Decd of Trust shall bc deemed to have been given to Bonower or '�,:_�..� .' ��x���'
<br /> j L.ender when given in the manner designated hercin. . '���� :
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<br /> 12. Governing Luw;Severnbility. The state and local laws applicable to this Deed of Trust shall be the laws of the
<br /> jurisdiction in which the Property is located. The foregoing sentenee shall not limit the applicability of Federal law to
<br /> ' this Deed of Trust. In thc cvcnt that any provision or clause of this Deed of Trust ur the Notc conflicts with applicable
<br /> i law,such conflicts shall not affect other provisions of this Deed of Trust ar the Note which can be given effect without
<br /> � the conflicting provision,and to this end the provisionsof this Deed of Trust and the Note are declared to be severable. '
<br /> j As uscd herein "costs", "cxpenses" and "atrorneys'fces"include all sums to the cxtent not prohibited by applicablc law I
<br /> or limited herein.
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<br /> ' 13. Rorro�ver's Copy. Bottowcr shall be fumished a conformcd copy of the Note,tliis Dced of Trust and Ridcr(s) I �,
<br /> at thc timc of cxccution or aftcr rccordation hcreof.
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