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<br /> � ` ' Uatess Lender and Borrower otherwise agree in writiag, any application of pruEee�,4 to���tiCipal shall Aot e�or • . ' `:'�w
<br /> .. , ` . g o s t p one the due date of the montlil y pa yments referred ta in para g r a phs 1 and 2 or c�aa g e the amount of the payments. ' s� �
<br /> . . ' If under paragraPh 29 the Property is acquired by I.ender. Borrower's right tfl any insuranoe policies and proceeds *� �r. _...
<br /> , �� • s�cssilting from damage to the Property prior to the acquisition shaU pass to Lender to the extent of ffie suma secured by -
<br /> ' ' this Security Instrument immediately prior to the aa}uisition. ' ���<``
<br /> " � V� ' 6. Preservetian and Maiatenance oi Property; a.esseholds; Condomiainms; Planned Unit Developmeots. ' .
<br />` . -• ' :._; � Borrower shall keep the Propetty in good tepair astd shaU not commit waste or permit impairment or deterioration of . . ;
<br /> , the Pmperty and shall cosisplq with the provisions of aay lease if this Deed of Tn�.st is on a leasehotd. If this De�d of
<br /> ` � ° Trust is oa a unit in a oondominium or � planned aait development, �orrower shall pesfotm all of Borrower's : '
<br /> ��t r_� obligations under the declaration or covenants creating or governing the condominium or planned unit development,the
<br /> ____ b y-laws and re g ulations of the oondominium or planned unit develo pinen t,and constituent documents. _ _
<br /> ' � T.Protection of Lender's Security. If Borrower fails to petfarm the covenants aad agceements contained in this ' ' "
<br /> " � De�of Trust,or if any action or proceeding is commenced w}uch materiallq affects Lender's interast in the Propetty. � ' "
<br /> ��
<br /> • . . • then Lender,at Lender's option, upon notice to Borrower, may make such appearances, disbwse such sums. including ' <�`�,• ;,
<br /> � reasonable attorneys'fees. and take sach action as is aece�ary to protect Lende�s interest.If Lender ret�uired mortgage . �• :' . . .
<br /> � � ' insurance as a oonditioa of making the loan secured by this Deed of Tn�st,Borrower shall pay tlie premiums required to ° r',� ��� ` �..;�.
<br /> � maintaia such insurrince in effect until such time as the requirement for such insurance terminates in accordauce with �" �• `'� `��
<br /> n t.•:;�..
<br /> . . . , Bonower's aad Leuder's writiea agreement or applicable taw. Anq amounts disbursed by I.ender pursuas�t to this • �J�
<br /> � �. P��Ph 7. with iaterest thereon, at the applicable contract nte. shall become additional indebtedness of Borrower .. � `:��,` ;��-
<br /> . , secured by this Deed of Trust. Unless Bonawer and Lender agree to other terms of payment,such amouuts shall be " �.�;T;
<br /> _ . ' _ ;, paqable upon notice from Lender to Borro�ver requesting payment thereof.Nothing contained in this paragaph 9 sLall �
<br /> require L,eader to iacur aay espense or take any action hereunder. �','.: . :._
<br /> = � 8.Inspection.Lender may make or cause to be made reasonable entries upon and inspections of the Property. - _ --
<br /> .� • �. � gtovided that Lender shall give Borrower notice prior to any such inspection specifyi�tg reasonable cause therefor related � -__
<br />-, , to Lender's iatereat in the Property. :y�.
<br /> � � . - 9. Condemnation.The proceeds of any award or claim for damages,direct or consequential,in wnnection with any =- . ����`.�'°'�
<br />- , condemnation or other takiAg of the Prapertq, or part thereof, or for convepance in lieu of condemnation,aze hereby �,�'�
<br /> 7 assigaed and shall be paid to Leader, subject to the terms of any mortgage,deed of uust or other security agreement �. i': -�z. �_
<br /> S�- . "�.,
<br /> _ " � , with a lien wirich has prioritp over this Deed of Trust. t:''.Y�:�t'
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<br /> -_ .. 10.Horrower Not Released; Forbearence By Lendes Not a �Vaiver. Estension o� the time fos payment or .��� �'�-"�'
<br /> . � • • , mo�cation of amortization of the sums secured bp this DePd oi Trust granted by Lender ta aap aucce�sor ia iatetest r;�•;:.:+;��
<br /> • � • of Borcower aad all other parties wf�o are or hereafter become secondarilq liable shall not operate to release,in aay :���°`.
<br /> maarter, the liability of the original Bortower and Borrowei's successors in interest. Lender shall not be required to � _.•'� �
<br /> , � commeace procxedings against such successor or refuse to estend time for papment or otherwise modify aatortization ''-�=-
<br /> � . �_ of the sums secured by this Deed of Tn�st by reason of any demand made by the original Borrowet and Hotrower's ' '~-�-=
<br /> � ' successars in interest.Any forbearance by Lender in exercising anq right or remedy hereunder.or otherwise afforded by ' � �'� '�=���;
<br /> .,{:_...
<br />- ; . � applicable law,shall not be a waiver of or preclude the esercise of aay such right or remedq. t� . '::.±�, .
<br /> � . 11.Saccessora end Assigns Bonnd; Joint and Severa! Liability; Co-sigaera The covenants and agreements --
<br /> � . herein contained shall bind.and the rights hereunder shall inuce to.the re4pective successors and assigas of Lender atid . � :�,-.,�RZ�...:
<br /> � . . Borrower,subject to the provisions of paragraph 16 hereot.All covenants and agreements of Bonower shall be joint aad � �,"'::;�;�_ -
<br /> ;. :;.�..'__
<br /> � several. Any Borrower who co-signs this Deed of Tsust,but doea not execute the Note, (a) is co-signing this Deed o4 � =��'�_:z.
<br /> `� � Trust only to gcant and convey that Honower's interest in the Pr�operty to Lender under the tetms of this Deed of Trust. `
<br /> .., �.✓_
<br /> • ,. (b�is not personallq liable on the Note or under thia Deed of Trust,and(c)agrees that Lender aad any other Borrower � .. � . ���"�f
<br /> � ., hereunder may agree to estend, madify,forbear,or make anp other accommorlations with regard to the tetma of this . `-;�;:�
<br /> ,' ' . _� Deed oi Trust or the Note. Nithout that Borrower's consent and without rateasing that Horrdwer or modifying this De�d ••- ��
<br /> � .. 04 Trust as to that Banower's interest in the Property. "''��
<br /> � " � ` � 12.Notice. Except for any notice required under applicable law to be given in another manner. (a) any notice to � � � --
<br /> . .
<br /> . ' • . -. : '
<br /> •� � __� :., Borrowet provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certi�ed mail '' �"' --
<br /> - � T addressed ta Bosrower at the Property Address or at such other address es Borrower mag designata by notica to Lender . � "' '
<br /> . . " . as provided herein,attd(b�)snY aotice to Lettder shall be given by certified mail w Lender's address etated hetein or to ' . r " � � '
<br />_ , • . � ' such other address as Lender may designats by notice to Horrower as pmvided herein. Any notice provided for in this '
<br /> �' � . Deed of Trwt shall be deemed to have been given to Bonower or Lender when given in the manner designated herein. . � ' ' �
<br /> '` •. � . 13.Governiag Law;Severability.The atats and local Iawa of the jurisdiction in which the Property is located ahall ��
<br /> _• apply except where such tawa conflict with Pederal law;in which case. Federal law shall apply. In the event that anp � .
<br /> . � ; provision or clause of this Deed af Tsust or the Note conflicts with app}icable la�v, such conflict ehall not affect other � . �
<br /> � •r � , provisions af this Deed of Ttust or the Note which can be given effect without the canflicting provision.and to this end �
<br /> ! j ihe p�rovisions of this Deed of Trust and the Note are declared to ba severable. As used hetein. "wsts," "expenses,"and �� �. �.. .
<br /> ; � � "attorneys fees" include all sums to the extent aot prohibited by applicable lew or limited herein. � •
<br /> , 14. Hnrsower's Capy. Borrower shall be furnished a conformed copy of tha Nots and of this Deed of Trust, if .
<br /> ' • ' requested,at the time of execution or after recordation hereof. , • ,
<br /> • l IS.Rehabititation Loan Agreement. $orrower shall W1C11 all of Borrower's obligations under any home •
<br /> , � rehabilitation, improvement, repair, or other loan agreement which Borrower enters into with I.ender. I.ender, at ..
<br /> . I.ender's optio�, may require Borrower to execute and deliver to Lender,in a form acceptable to l.ender, an assignment �
<br /> , of any righte,claims or defenses �vhich Horrower may have against parties cvho supply labor. materials or services in " '
<br />• � connection with improvements made to the Property. � . .
<br /> ' � 16.Transfer ot the Property, lf Norrower se11s or transfers all or any part of the Property or an interest therein. �
<br /> � . excluding(a)the creation of a lien or encumbrance aubordinate to this Deed of Trust, (b) a transfer by devise.descent, �
<br /> '` . or by operation ot lacv upon the death of a joint tenant. (c) the grant of any leasehold interest of three years ar less not �
<br />_ � . I containing an option to purchase. (d) the cteation of a purchase money security interest for household appliances, (e) a , � "
<br /> • transfer to a relative resulting from the death of a Horrower. (f)a transfer where the sppuse or children of the Borro�ver �.
<br /> �, ; become an owner of the property, (g� a transfer resulting from a decree e�f dissolution of marriage, legal sepnratinn �� '
<br /> ' agreement, or from an incidental property settlement agreement, by �vhich the spouse �f the I�orrotiver becnmes an �
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