|
,� 3
<br /> �.,�, ,� #.
<br /> '.'� ' , ...,-
<br /> :,..,.._ . . .,...•;
<br /> . wm �
<br /> , �. .. . ,... . ' •r.--.
<br /> . ,.... . .__. _...�,,. _
<br /> . - ' ._ � .• - . . .. ..eu.sr.t:ei�i" � -� . =-7i-_ -.�.. -
<br /> .. '- h ,. . �� .- . '- - ' . . 1 "' �
<br /> (l .
<br /> , ��- ���� ' ' . .-.
<br /> The it�surancc catcier providing the insurance shall bc choscn by Borrowcr subject to approval by 'li
<br /> l.ender; pravided. that such approval sl�all not be unrensonably �vithheld. All insurance pollcies and �:`�`..
<br /> renewuls thereof shall be in a fonii accey�tsble�o l.ender and sball lnclude A standard mort�nge clause in F•��,,
<br /> favar of and In n form acceptable to Lender. Lender shnil have the riglit to hold the policies and rene�vals •,;�,�
<br /> �w thcreof, subject te the terms of any mortgage.deed of trust or other security agreement with a lien which -,.;.��
<br /> �� � tins prioriry over dils Deed of Truat. ''-'�;:.
<br /> In tl�e event of loss, Borrower shall giveprompt not{ce to the insurance carrier and Lender. I.ender ;'' -rt;::...
<br /> may make proof of loss if not made promptly by Borrower. ���,;Pe;.
<br /> .,.:��
<br /> If the Property is abandoned by Bonower,or if Borrower fails to respond to Lender within 30 days :.,z�:.��.�::
<br /> from the dau notice is mailed by Lender to Borrowar that the insurance carrier offers to settle a claim for
<br /> inaurance benefits. Lender is authoriteci to collect and apply die iasurance proceecls at I..E:nder'A option __ _
<br /> clther to testoratton or repair of the Property or to the sums secumd by this Deed of Trust. �l�ed Unit '-�
<br /> 6. PreservAtlon �nd Maintenance ot Property; Leaseholde; Condominiums; . -;�.,..
<br /> ' Developmenta. Sonower shall keep ihe Prop�rty in gaod regair aad shall aot commit waete or permit ,.:�—
<br /> `�� impairment or dcterioradon of We Pro�ety and stiall comply with the provisions of any lease if this Deed '`��'�""
<br /> ,..--
<br /> � of Trust is oa a leaschold. If this Deed of Trust is on a unit in a condominium or a planned unit � ?'��-"
<br /> s.� development, Borrower shall perform all of Bonower's obligations under the declaration or covenants :^�_:
<br /> ' 4 c¢eadng or goveming the condominium or plauaed unit development,the by-laws and regularions of the �°'t•`�;.�;_
<br /> condominium or planned unit development,and consdtuent documents. ""' '�•=
<br /> � �.,.�
<br /> � � 7. Protectlon of Lender's Securlty. If Borrower fails to perforai the covenants and agreemeats <<�'�';-_
<br /> contained in ihis Deed of Trust, or if aay action or proceeding is coramenced which materially affects 4
<br /> ' ! Lender's intenst ip the Properry, then Lender, at Lender's opdon,upon norice to Borrower,may make e����
<br /> ' and take such action as Is '•'^"�'��
<br /> such appearances. disbursc such aums. including reasonable attomeys fees. ,;
<br /> necessary to protect Lender's interest.If I.enc�errequired mortgage insurauce as a condidon of maldng the
<br /> ' ' loan secured by thia Deed of Trust, Borrower�hall pay the premiums required to maintain auch ineurance `'
<br /> in effect until such time as the requirement for such insurance teiminates in accordance with Borrower's ��
<br /> _. ___�'_ and Lender's writun agreement or applicable laW. '
<br />- - - � Any amounts disbursed by I.ender purauantto tnis paragraph 7,wiih inicnsi tiicra,u.at i}ta:1oi�ri:,. -
<br /> " �. shall becarae addIdonnl indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and ��
<br /> r; Lender agree to other tercns of payment, such amounts shall be payable upon notice from Ltinder to I
<br /> , Borrower requesting payment thereof.Ivothingcontained in tlus paragraph 7 shall require Lender to incur � _
<br /> • � � any expense or take any action hereunder. -
<br /> _ 8. Inspection. Lender raay make or cause to be made reasonable eatries upon and inspections of the
<br />, Property. provtded ihat Lender ahall give Botrower notice pdor to any suc& inspection sptcifying `:
<br /> � -�+ reasonable cause therefor rclated to Lender'a i�terest in the Property.
<br /> .. � 9. Condemuation. The praceeds of any award or claim for damages, direct or consequenrial,in _:
<br /> � connection with any wndemnadon or other taking of tlie Property,or part thereof,or for conveyance in �
<br />--� � lieu of coademnadon, are hereby assigned aad ahall be paid to Leader. subject to the tcrms of any a,,._
<br />;r:�^��� '�° � mortgage, dad of trust or other securiry agreement writh a lien which has priorlty over this Dead of Trust. �"
<br /> �e�F_
<br /> _-. _�b��;'r� . °'�
<br /> 10. Borrower Not Relea s e d; Forbearana By Lender Not n W�iver. Extension of the time for
<br /> .,-?,•�„��;�;��` payment or modification of a�ortizadon of the sums secured by this DeEd of Trust granted by Lender to _, _
<br /> ��` ��'=:'' any successor in intenst of Borrower aha�l not operate to release,in any manner.the liability of the _
<br />''�� � =��'� original Bormwer and Borrower's successon in interest. Lender sball not be required to commence
<br />�'•` proceediags agaanst such successor or refuse to extend dme for payment or otherwise modity amordzadon =
<br />�,... ,- -
<br /> o�' the sums sccured by this Deed of Trust by reason of any demand made by the original Borr�wer and �.-.--
<br />_�=.'-'11 J Borrower's successors in interest. Any forbearance by Lender in exercising any rlght or remedy ` ----
<br /> �"="�=-"�r�' hercunder, or otherwise afford�d by applicable law, shall not be a waiver of or preclude the exercise of �
<br />":r-,h«='.`' any such right or remedy.
<br />==-rt+-� � '� 11. Successors and Assigns �ound; Joint and Several Liability; Ca-slgaers. The coveuauts and _ -
<br /> - •-r:•-�.
<br /> �.=;:�,,�,,,•,,R., agreements horein contained shall bind,and�he rights hereunder shall lnure to,the respecave successors
<br /> . and assigns of Lender and Borrower,subject ro the provisions of paragraph 16 hereof. All covenants and ___
<br /> � ' agreements of Bonower shull be joint and several. .Any Borrower who co-signs this Deed of T.vst,but — --
<br /> 1 -��u-:�`
<br /> � Borrower tnitW.i� _���„L -;,�.��,-��'°:
<br /> �TN
<br /> • Form 3828 (page 3 of 6 pag�s) � ., -
<br /> �.:,.,�..���w
<br />_ `',,;�+���
<br /> - . 4.,...,��
<br /> , . . ' ..*�:u
<br /> ___ _ ____ .."_'_""...__ ".'_-__� '_ .. - .__. .�—_:z^=_ .' '..._...__ , i;�F< <"�^_" . .
<br /> -,f7,r ----�� .
<br /> - .- .______ '__'. _ . . _ - __
<br /> _ ___ _� �.--'__.,._""__'_ ._ __'..: -_:__�__- .�_..—
<br /> .___ -- . ____ --_ _ _ _ __ -_.___
<br /> .:._: . ._.'____ __.f,� . .
<br /> ,� . 1
<br /> • ` .
<br /> y „ ,
<br /> . ' . -
<br />
|