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<br /> �� ia vrriting, insutance proceeds shall be applied to - `
<br /> -- -�,-� Unless l.ender and Borrower otherwise agree feasibte and ,` �
<br /> .� . . : � �p,ed,pmvided such restoratioa or*epair is eoonomicaUy ,` �
<br /> :' � ` restoration or air of the ProPeriY If sush reswmtion or repair is not economicaliy ,- � . _ . ��
<br /> z�� � ; the stxuritY of this Deed of Tnut is not therebY imPai� taceeds shaU be applied to the <� � '
<br />-=�` . , feasibte or if the securitY of this Deed of Tnut wontd be impai�ed,the Insurance P �s abaadonecl bY � . � `
<br /> .`: aid w Borrower. if the PmPertY� ��.
<br /> . ; sums secured bY this Deed of Trust,with the e�ccess. if anY,Q , . �
<br />:x' � �-` Borrawer,or if Boaawer fa�s w respond w Lender withis►30days from the date notice is ma�ed hY I.eader to �• "
<br /> beneSts.L.eader is authorized to coltect `�.>...j:j_..
<br />_4f s
<br />- �;• • Bonower tl�at tbe��er offe:s to settle a claim far insu:ance or w the s�ms _-
<br />;�� - }` and aprply the insarance Proceeds at Lender's oprion either to reswration or repair of the FropertY � . � -,:
<br /> �� • - secared by this Deed of Tn�st. :�?
<br /> • '�r ;�.,` m wtiting,anY s�cb aFPlication of proceeds w Prin�iPa1
<br /> '�<<. Untess Lender and Borrower otherwise agree' or change the amount of " '-
<br /> � a ents due uader the Agreement. �:
<br /> shall not extead or postpone the due datc of anY P Ym �
<br />-;`, J � ' ?, h17 hereof the PropenY is a����°��all rights,tifle and interest of .
<br />-'-�:' � �� such PaYment. If�mder ParagraP e to the �6'• �' _ -
<br />`-:; . � . -- Borrower m aad to aay;n��*an�p o l i c i e s a n d ia and w the praceeds thereaf resulting fmm dt�mag .. -
<br /> :,t ` on shall ass to Lender w the cxtent of the sums secared bl+t h i s D e e d o f _
<br />-_- ' 'i PropertY Priot w tl�e sale or acqnisiti P `,_"_
<br /> f; _ . - Tnut immediatelY Priar w such sale or acquisitian. Leaselwtds. C�ndominwms: Plmtned Urdt __�- - • _
<br /> �'� 5. Preservation mtd MWnten�ce of Praperry: , 's:�
<br />' ;`; � � in good repair and shall not commit waste or permit �;;. �.„
<br /> ;:'.�. Developme�t. Bonawer shall 1teeP �OP�Y ovisions of aay lease if this Deed of � . � �``
<br /> ' . impairment or deterioration of the Property and shall comgly with the pr , �;,.... .,�._
<br /> �:�-_
<br /> '`.`�' . . Trust is on a leasehold if this Deed of Trust is an a unit in a condominium or a planmed uait develo eming . : 4,�:.��°-
<br /> i!. Borrower shall Ferform all of Bonoarer's obligarions under the declararion or covenanrs creatiu8 or 8 - ..`:i�
<br /> ` the condominium or p l a n n e d woit development,the by-laws and regulations of the condominium or planned unit , �_�
<br /> :'`'� " � • • development,and tonsdntent d a a u n e n t s. If a condominium or Plarmed unit developmeat rider is ex e c u i e d b 3► �_<.r�_
<br /> ments of sach rlder shall be :: y.;`_� ..
<br /> -��`: ' Borrower and recorded together wlth this Deed of Tmst,the covenants and a�thig Deed of Tn�st as if the �: . �----
<br /> 2ement the covenants and agreemen . ;,•F,...�
<br /> • ' . • ' ' incorpoiated into and sball amend and supP � :,".:: ;.;�+,���
<br />-`�` . rider were a patt henwf. . ;�
<br /> 6. Protection of Lende�'s Security. If Bormwer fails to perform the covenants affecds Lend 're s .;; .;":"
<br /> �1'= contained'm this Deed of Trust,or if atry action or proceediaSs is commenced whicb materialty e g . �.�
<br /> . , including but not limited to. ury ProccedinS branght bS+ or oa behalf of a pr'sor :s. . -
<br /> • • interest in the PropertY, . `"�`
<br /> .��r�_ .. � - mortgagee, emtuent domain, inso�vency, code enforcement, o= arrangements or proceedia8s imrolving a .` . .'� -
<br /> bankraPt or decedent,then Lender at Lender's optioa,w rotect I.cndeB s interest,including,but no�imitcA o. r���
<br /> � � disburse such sums aad take such action as is necessup P � . � :. �'_
<br /> . disburseme�of reasonable atwrneys'fees and entry upon the Property ta make repairs. . ' .�:
<br /> - ,.�.�
<br /> _ � pny amouws disbutsed by Lender pursuant ta this paragraPh 6. with interest thereon. shaU become . , . .. � .�
<br /> .•,,.�-
<br /> additional iadebtedness of Borrower secured bY this Deed of Trust. Untess Boaower and I.ender agree to ot6er ��..
<br /> " . � ' terms of payment,sucb amounts shai!be Payable upoa notice from l.ender to Borrower requesting payment � • � ._-,
<br />.=�� , � � . -
<br /> � �` thereof and sbaU bear�'es�from the date oY disbursement at the nte payable 1 e Lender to incur any expeaqe �
<br /> . principal under the Agreement. Nothing contained lu tlus paragrapb6 s2iall reqii .. .
<br /> ' or takc any action hereunder. .
<br /> � .� ' ?. lnspectlon. L.ender or ita agents �Y �ve Borrawer nodced prtar tu banY sa�h .�P�OII . • �
<br /> . � `` inspections of the Property, pmvided that Lender sha11 P,i . � ,� •
<br /> • s specifying reasonab2e cause therefor related to Lender's interest in the Property. ��or����� � � � . .
<br /> , , g, CondemncaJon. The proceeds of aay award or clalm fo�dama�or for com+eyanc�in 11eu°f ,. ' �' -
<br /> ''„' , ' ' ��mectioA witb any condemnarion or other taking of the Property+ p • . .
<br /> �' ' condemnation, are hereby assigned an shall be paid to l.ender. In the event of a total or part�al ta�ng�d to � � �
<br /> property,the praceeds shall be applied w the sums secured by this Deed of Tnist.with the excess,if any,P • :
<br /> � :;� . Brn-rower. .. .
<br /> ' lt the Pcoperty is abandoned by Bonower,or if after notice by l.ender to Borrower that the condemuor .
<br /> � offera to make an award or senle a claim for damages,Bonower fails to respond to Lender aithin 30days after . �
<br /> the date of such notice mailed,Lender ia authorized to collect and apply the proceeds,at Lender's option,either �. .
<br /> � . to restoradon or repair of the Property or to the sums secured by this Deed of Tnut. ' �
<br />- ' 3 Initials: _- - . • .
<br /> - .. ABNEDT(1/98) ;.
<br /> ` � ABNEOT(1/98) 1500020059885 . �
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