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<br /> � • �, `: s 1. PaymaMa. Bonower agrees ta make etl paymants on the sec�asd de5t when due. Un:ess Bortowar end LeMer agree otharwise, any " ��� : ��I
<br /> °� ' � •� paymerus Lertder reeeives irom Borrovrer or ior Borrowe�s 6ane8t will 6e applted Hrst w eny amoums Borrowe►owes on the sewred debt ', `, i��� :';" .�
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<br /> exctusive of itraerest or princip�.eecond to brteresL and then to pfisctpal.If parfial prepayma�of tho seaued debt oceura tor aay reasoa,it w10 � • -.;°
<br /> '� - nnt reduce ar excuse acrv sche�tad pnyment unti7 ttm ssaued debt is pafd in fuU. _ . _,�,
<br /> • � 2.�atnes Agrinst Ti9ss Eaaowor vu�l pay aU tezes,a5sessrt�ents,and other ehargea etvibutaWe to thsptoIIertY�en due and wilt detend title : S'� �.�`
<br /> � � to the prope a ainst any claima whiCA woufd ImpaG the Qen of this deed ot truat lttnder may reQuire Borcower to assign arry�ghts,ctaims or ,� ' .
<br /> - ` ' defen.�es wN��otrowe►m�y haye eg8tnst per�iqs W�fu Gupply labor or matariate to improve ar mairRain the propeety. "� �
<br /> � ' , . � �i 9.U�a�ea. Borrower wilt keep tl18�roperty fnsurea under terms acceptcbte to Lender et Bcrtower's expense and far�.endefB benefit.AO ` `�`` � �
<br /> : ..t�� Inswance poiicies sheU inciude a stendard mnrtgage clause tn favar of Lender.Lender wili be named as Iasa payea or as tne tnsured on any such ��, c
<br /> _ "4° Insurante poBcy,Any insuranee proeeeds may baap plied,within Lender's disaetion,to either tre restoraUon or repab ot ttie damaged ptoperty ,_d-. �,_,� ��4'�
<br /> or to tha soared debt.lf Lender requtree mcrtgage insurance.Borrower agreas to maintain sueh insura�te for as tong as Lender requires. �
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<br /> ' � :--•� g.p�oDeriy.Borrower wi0 keep tAe p�aperty in gaad condition and malce a0 tepabs reasonabry�eeessary. '
<br /> y +��. 5.Espenaos.Borrower ag to pa�(al:Lenders e�cpenses,induding reasonaLta attomeys'fees,H 8anower breaks any covenants in this Qaed � ,
<br /> -- - ot Lrust ar In sny obSigatla�sec�aed�y thia Qeed ot�PLiist.Bortawar w�l�y thase amowtts ta ieades as Orovidcd in Cove:mat 9 0!t1�doad at `�~ -,
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<br /> � ` B.Pdar Sec�ity tttGtres4s.Unless BoROwer fust obteins Lender's mitten conserrt,Borruwe►will not maka ur permit arry changes to any prior, ` � t�� �
<br /> _ � securlty irtteres�.s Borrower wiU pe�torm aU of Borrower's obGgattona under arry prior mor[gage,deed of uust or other securrty agreemert, ,.. `, . ' ° .
<br /> :� . ` . fncfuding Boaowers covenaats to make paymertts when dus. ,
<br /> �� �� 7.Asst�at Ret�s and P�otits.Boaower assigna to LenQer the rems and profits of the pmperty.Unless Bortower and Lender have agreed � - :�''�
<br /> otherw e tn wrtdng,@orrower may coilact arnd retain the rems as long as Borrower�s nat in detautt.It Borrower detauits.Lender, Lender's ` ����---_
<br /> agent,or a court appoiMed receiver maY take possession and manage ths property and w!lect the rents.My�enta Lender collects shaU be •• •�_���--4
<br /> applied firsi to the oosts of managing tha proyerty,tnduding eouR eoats and ettameys'fees,eammissions to rentel age�nta,and any other " .. .
<br /> necessary retated expenses.The rematning amouM of rems�ndll then apply to paymar�on the secured debt as provlded tn�ovenaM 1. �;, �•�t�=�-r�-
<br /> � 8.LeaseholOs•CondamtnLnns;Ptetmed Unft Qevefnpmertts:Banower a ees w compry with the provisions of any tease H tNs deed o!uust is on • —
<br /> • a teasehotd 1�this deed of trust is on a unit in a oondominium or a p�ned unit develapmem,Borrower will peAorm all of Bortowe�'s duUes �. �::
<br /> 1"t � c• ' . under the eovenants,by-laws,ar regu(atidns of the candomfiium at planned unft devetopment. � �' �-- ^�::
<br /> "•` � 8.Authmity►of Lertder to Parlorm tor Bonower. H Borrower taila to�peAarm any ot Barrowe�e duties urtQer tfiis deed a}bvs�Lender may "
<br /> ? �� � , , pe+iortn the dutEes ar cause them to 6a performed.Lender may sign Borrower's nsme or psy eny amowrt If necessary for pertarmance.If any �, .`�
<br /> �• �.; conswctlon an the property ia d'iscorttfiued ar nat cartied on in a reasanable maneer,L�ader may do whaGaver ts necessary to protect Lenders ,<,� -
<br /> i:, ; sec�uity irtterest in t�e property.TAfs may inctude wmpleting the cansUUCttort. °_ -
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<br /> � �� Lendera failure to perform wifi rtoi prec(ude lendar from exerdsing any o!ks other rlghta under the law or U►is deed of trust
<br />- - .. . � , _-. . Acnr amourtm paiA Ly LenEer to protect LendePs securicy inmrest wiU�a secured by this deed of trus[.Suci►emouma wiil be Que on demartd • ::.,,';^:�_—_
<br /> � �_, and wi0 bear irtterest bom the Qate of the payment until paid in tull et th9 tnterest rate in eHect on the seared debt. ' ' ��<_
<br /> � � 10. Oefatdt and Acceteraflan. (f Borrowar taits to make arry payment when due or hreaks any cavenartts under this deed of trust or any '� T� ,- -
<br />�4`� �.• t;': , .�} , obiigadon secured by tfiis deed of Vust or any pdor mort�age or deed ot Vust,Lendet may acceterate the maturity of the secuted Qebt and � � � ��s`-'__^
<br /> ��. • Qemand immediate paymem and may irrvoke the power of sale and arry other�emediea permitted by apA4cabte taw. . ' -�--
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<br /> . . H.Ruquest tar Natica ot Qefmdt.R is hereby requested that coptes ot tha notices ot defautt and sate be serrt to each peison who is a party " '" • ��:
<br /> - _ hereto,at the aQdress of eact►such person,es sat forth herein. � .'' _
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<br /> :'�,� � . . , , 12.Powm of Sffio.[t ffie LenQer inwkes the pawer of sale,the Trustee shali flrst record in tf�e offfice ai the register ot deeds of each caurtry ��P�--
<br /> .. . wherein the Uust propeny or some part ar parcel thereof is situated a��ce of Qetauk eontaining the informatlon requtred Ey taw.Ltte Tnistee ��� �V��a1ll���.
<br /> shati aiso ma�l co iea of the nodce of QefauR to the Bor►ower,to ea�s person who ia a pazty hereto,and to other persons as cribed by
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