|
i . . ,,.,r,� ;.�
<br /> .. ,,�,; ' �'-
<br /> , ,
<br /> � ' . �. .,,,.�.,� .,
<br /> ....__...
<br /> .�_.��..._....,....., . . - . .�
<br /> - -- ------------------------------�-� - ------------------�, _ __. ...._ ...>
<br /> I _ - ,.. •�'4?"i".'.ati.'s:�._.
<br /> ' j . � : .,.
<br /> COVENANTS ��� �C�i��J� �„
<br /> V
<br /> 1. Paymente. Uorrownr aproos to mako nll pnymonto on iho socurod dobt whon duo. Unloos Borrowor and Londor aprno othorwleo, ony p�
<br /> paymonte Londor rncoivas from Borrowor or for Borrower's banafit will bo oppliod first to any umounts Borrower owoe on thn socurnd dobt –
<br /> exclueivo of Interest or princlpel,socond to Intorost,and thon to princlpol.If partlal propaymnnt of tho nocurod dobt ocano for ony roucon,ft will ., .
<br /> not roduce or excuso eny scheduled payment untll the secured debt ia peld In}uii. iC"
<br /> ;... .,. � .. �—
<br /> 2.Ct�lm�A9Nnit�TbJ�.�oMdGwMI�rl6N GFicM�„a easmente,end other cherpea ettrlbuteble to the prope�ty when due end wlll dofend titlo ,,_
<br /> to the property ag�fneq,�ny c�l��(��� ,� p��ha Ilen of this deod of truet,Londor mey►equlra Borcower ta eselpn any rlphte, clalme or �
<br /> defenaei whfch B erov� r� oupply labor ar materlat�to Improve or malnteln the property. •
<br /> mrx� 1
<br /> , 3. Imur�nco. BorrowaP wlll Re6p t�'��prdpbtty Ineured undor terme acceptoblo to Londe► at Bo►rowor'a axponee and for Lander'e banoflt. All �
<br /> insurence policles ahell include a�tenderd mortpoge cleu4e in favoi o9 Lender.Lnnddr wtll be nei��ed ee loee peyee ur er ti�a inoured un eny euch
<br /> Inrurance pollcy.Any Imunrsce proceed�maY bs�ppllod, wlthln l�nder'o dlscrodon,to elther the re�tor�tlon nr repalr pf tho demnped property --
<br /> or to the eecured dcbt.It Lender requlrea mortpege Ineurence,Borrower epree�to melntUn wch Inaurence for ee lonp ee Lende�requlree. •
<br /> 4.Prop�rty.Borrower wlll keep the property In pood condltlon end meke ell repoln reaeonebly nece�tary. -
<br /> +: , 6.Exp�nta.Borrower egree�to pey all Lander'a expenses Inatuding reasaneble nttorneya'teei,I}��rrower breeke eny covenente In thle deed
<br /> of tru�t or In any obllpatlon eecured by thfe deed of trutt. �orrower wlll pey theee amount�to Lender ae provlded In Covenent 9 ot thle deod ot . . �
<br /> truet.
<br /> 8. Prlor S�curlty Int�ntb.Unlese Borrower flrqt obtalna Lenda►'o wrltten consent, Borrower will not moko or permlt any chenpes to any prlor �
<br /> eecu►Ity Intereat�. Borrower wlll perPorm alt of Borrower's obligetlone under sny prlor mortpage, daed ot truet or other securlty a0reament, , .;�' ��
<br /> Includlnp Borrower's covenants to make paymenta when due. ..-., :� � ..
<br /> �.
<br /> 7.Aat�nmant of R�nts and Pro}lu.Borrower easlgns to Londer the renta end praflts of the property.Unless Borrower and Londar hava oflruod
<br /> - "'�lr�iixJa,'��`
<br /> otherwlea In wrltlnp, Borrower mey collect and retatn the rents e� long ae Barrower Ie not In default. If Borrowor defaulte, Lender, Lendor's ' ,�- �.
<br /> agent, or e court appalnted rncelver maY take poeeeaslon and menage the praperty and collect the rents. Any rents Lender collects ehall bo ��'y�w�
<br /> epplled tltet to the coats of maneglng the praperty, Includlng court coata end ettorneys' feea, commisalons to rental agents, nnd any othur . '�-•
<br /> naceseary releted expensea.The rematning amount of renta will then epply to payments on tho aecured debt as provided in Covenant 1. , :i,-°
<br />
|