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<br /> COVENANT6 �` " ��''�
<br /> 1. Paymint�. Rorr�wnr nArnna to malce ell payments on the 8ecured debt when due. Unle»e Borrowar and Londer epreo otherwlso, eny , � ..
<br /> peymant� loncler rec�ilvan from I�onower or for Borrowor's 6enofit will bo eppliad first to ony amounts Borrowor owea on tho eecured debt
<br /> exulue�vc+pt Into►eet ot princlpnl,n�cund to Interest,And thfln to principnl.If pn�tiul propnymont of tho socurad dobt occuts for eny roeaon, it wlll
<br /> , not�educ�e ni�xcua�9 anY.aclim6dal>N�u++wni,utUJllba cured dobt ia poid in full. •
<br /> � 7.Clilrtu Apdn�t*tf�.�t�►t�v��'r�}rII1��Af��(�teii �s ssmonto,and other charpes attributable to the property when duo end wfll dofend tltlo
<br /> to Ihe oputy epa st b lpl�nn Whi P��p'�Id'1�a�r t o Nfln o4 this deed of trust,Londer may require Borrower to a6eipn eny riphte,clafine or
<br /> duttnsts�vhlch Eln�owewm�y'IinVi�'a(�+'HAaf(�'eitil��l�riD uppiy labor or meterials to improve or mnlnteln tha property. �
<br /> � � �. A��wtnc�, Borrower wlll Icnnp tho property insuied under terms acceptabto to Lendor et Borrower's expenae and for Lender's 1»nefit. All
<br /> � insurnnca pallcles eholl Includo n�tondnrd mortpefle clause in favor of Lender.Lender will Ge nemed ee loa�peyee or e�the Inaured on�ny wah
<br /> i In;iueCnco pelicy.Any Inourflnr,n prnr.n�do may be app�iod,within Lender's discrotlon,to oithe►the roatoretlon or ropair of the damnpod property
<br /> or to thr s�cu�sd dobt.If Londor r�qulros mortpage inauranco,Batrawer eg�ees to maintein such insuranca for a�lone ns Landor roqulrao.
<br /> • , '' � 4./roplrty Borrower wlll Icaop tho propwrty in eood conditian and mnke eli repaire reaeonabty neceasery.
<br /> 6.Exp�ns��.9ortower e{�roao ta poy nll Lender's expenses,Inoluding reesoneble attornays'feea, if Borrowor breeks eny covenente In thfa deed
<br /> -� of tnitt 0►tn eny obllgetlon nacurod by thie deed of truat.Borrowar will poy ihoae amounts to Lender es provided In Covenent 9 ot thle deed of
<br /> tNM1i• � '
<br /> e.Vria 6�CUtity InNntU. Unlonn Borrower first obtains Lender'n written tonsent, Borrower wiil not make or permit eny chenpes to nny prlot _,
<br /> ` � I r�cutiry intensts.Dorrowor v+ill periorm ail 04 Borrowur's o6ligetions under any pri�r mortpege, deed of truat or other aecurity egroement, N`+�,�°•_'
<br /> Inoludinp Borrower's covonnntu to malco pevments when duo. Y;_.,__
<br /> ��� 7�A� t of R�nt�end Pratfto.Borrower assigns to Lender the rents and profits of the property.Unless Borrower and Lender have epreed = ___.
<br /> ' otherw�e In writinp, Borrowc�r mny colleat end retain the renta se long as Barrower is not in default. If Borro�ver defaulta. Lender, Le�dor'n "'_F�.Y;-.
<br /> - �ysnt,or a court eppolntod racolvor maV tuice poasesalon and menago the property and collect tho ronts. Any rente Lendor colteate shell 6e : t;m�
<br /> "� epptlad Iiret to the canto of mnnagin� tno property. Including court costa end ettorneys' faes, commisaiona to renta) egente, and any other '':;:�;,�
<br /> n�cseury rd�tsd oxpenaon.Th�romo nlnp amount of rents wfll then appiy to puyments on the secured debt as providad in Covenant 1. r;yL,c_.
<br /> ' ' �,L�u�holOr Condominium9;Pla�ned Unit.Dsvotopmente.Borrower agroea to compty with the provfafons of eny lease If this deed of trust is on ��
<br /> �Iqsethotd.1�thU dood of tnmt lo on a unit In a condominium or a planned unit development, 8orrowor will periorm ell of Borrower's dutle� ��_._T�
<br /> ' � undsr the covsnente, bylavro,ar ropulntiona of the condominium or planncd unii dovalopmenY. ��w,__,
<br /> R . 8. Autl�ority of LMdK to Porio�m for liorraw�a Ii Borcowor fails to periorm any of Borrower's dutiea under this deed of trust, Leader msy �__-��°��-=
<br /> par}orm the dutle�or cnuuo tl�om to be porformed. Lender may SiAn 6orrower'e namo or pay any emount If nece8sery tor porformencs. If�ny -,�__
<br /> , � conatruCtion on the propnrty In Alacontinuod or not carrled on in a reasonable mannor,Lender mey do whetevor is neceaeary to protect Lender'e i��-
<br /> y �tcurfty Int�nat In tite propartV.Thio moy Include comploting tho constroction. �,.;;;�.'�°
<br /> 4
<br /> Lender'o f�llure to pnrform wlll not procludo Gai�dor irom exorcising a�y of Ite other rights under the lew or this deed ot trust. ' r�rtLL
<br /> �AnY�m b��r Inte ostYfrom tho dota�of tho poymunt until peidtln tull eti th9einter9strate n eHoct on the secured debt unts will be dus on demmd :,_._--
<br /> � d - �
<br /> 10. D�twk�nd AeaM�tetlnn. If Qonowor foiln to mako any paymant when dua or broaka eny covenante under this deed of tru�t or �ny
<br /> �,��.
<br />- � � oblly�tion ucured Uy tltto dnod o}ttuet or ony�tior martgaea or deed of trust,Lender mey accelera�Icable lawurity of the eecurod debt md [l`-�-
<br /> dem�nd Imm�duto paYmunt�nd may Invol�o tho power of sele and any othor r�madioa permitted by app
<br /> ' 11. R�quat fo�NoHo�of Dofeult.It In hernby roquested that caplea of tho noticea of defautt and sale be sent to each peraon who 19 a p�rty
<br /> --- ------ !�lsto.e!th�wdA�es�o}onall auah pataon,ao aot forth horeln.
<br /> �4:
<br /> T 12. Pow�r af BN�.U tho 6nnUor Involtoa tho powor oi sulo,the Trustee ahall flrst rocord in the oNice of the reqister of deed�of sach county -
<br /> �f whsreln th�ttust proporty ot somo pnrt or pnraoi thornof is silueted a notico of default containfng tha Informatlon requlred by Isw.The Trutt��
<br /> rhall el�o m�fl coploe ot tlm notlao of dofuuit to tho Borrower,to each person who is a partY hereto, and to other pereons a� pretcribed by
<br /> ,'.� epplic�bfe lew. Not loea thon one rnanth eftor tho Truatoo records the notiae of defauit, or two months if the tru�t property I
<br /> d not In�ny
<br /> Incorporatod olty or villnpp end 1�uood In fnrmin0 operntlona carrled on by the trustor,the Trustee shait plvs public notice of�de to tM penom
<br /> a�d In tha m�nner proanril�ed by apppfloabfo luw.Trustoo,without demand on 8orrower,shall cell the property et pubUa auctlon to the hiphest
<br /> bldd�s.If requlred by thn �'orm Nomoutond Ptotaotion Aat,Trustee shall oNer the property in two soparate ealee ea requlred by�pplicabie law.
<br /> ' lendi�or�iti dsilpnee�mBV Pu►olteYO the property ut any eele�by publlc announcoment at the time and place of any previously acheduled��le.
<br />- Upon rec�lpt of p�ym9nt pt ths ptloo b1il,7ruatoa shull dollvnr to the purcheeer Trustee's deed conveying the property.The recitieln contstned in
<br /> � Truatu'a deed ohnll Ga t>rimo fnole ovidlonoo of tho truth of tho stetementa contalned therein.Truatee shall apply xhe proc�eds of tho sate In the
<br /> rein�Itsmint foei��lti1 ta��II numsjeoourod bV thls�doed of�truet ond (ol tho b iance efeany,t o he persona/egally entided�to recelve�t,�ee� snd
<br /> 13,For�elowr�.At l.onJDt'e opilon,thle dood of truot may be foroclooed in the manner provlda by applicablo law for foreclosure of mortpapes
<br />_ � on reel prop�rty.
<br />•'� .,�,, 14.Imp�atlon. londflr ont��entor thn prorarty to Inspoat ft If Lender givee 8orrower notico bo7orehand.The notice muat s4ete tM reasonebte
<br /> � ,; �r ", cauee tor landmr'a fnsrymi n.
<br /> �, o6ell or�par�o!i�fi11 oParty��uch procoedshwfli�bo epplled as provided i�Covenantamagels aseipnment Ist subje�dt�the terrtt�of eny�lo
<br /> Th
<br /> wcurity apromant.
<br /> " � eny umsdy Bpan 8oriowor i�difautttl Lon�aal�r daai�rwt waivo unyr Ight to Ioter��consider�tAo evtent a�default If it heppens egalny�BY not exerci�inp
<br /> v�i.'; �� �
<br /> �: ;.J;.. .�. 17, Joint�nd B�wtN LI t Co•NpnN�1 8uecysa� �nd Animm Bound. All dutlee under thls deed of trust ero Jol�t snd eeverai. Any
<br /> Borrower who Co•alpn� ti�l� ��d of irust b:ri doe� not co•slpn the underlying debt Instrumentls) does so only to eront and convey that
<br /> 8orrower'�Intemt in tM lxoperty to tt»Truttoe under the terme of thls dood of truat.In addition,such a Borrower eg�ees thet tho Lender and
<br /> <
<br /> ' debt iw thout thit Borrowir�i coMent ind wlfhout roiis n0 that Borrower Irom tho terma ogf this deed of trusL this deed of trust or the securod __
<br />- � The duttet end ben�ilt�o}thf�ds�d ol truot�hall bl�d e�d benefit the euccoasore and esaigns of Lender end 9orrower. "_'
<br /> �_o
<br /> � 16.Notic�.Untes�othuwlte requlred by I�w,any notlee to Borrower shetl be given by delivering it or by meiling it 6y certifled mali addreased to �___
<br /> Borrower�t th�prop�rty�ddret�oi�ny other sddrot�that Borrower hae gIven to Lender. Borrower wiU give eny notice to Lender by certlfled —
<br /> • z mefl to Lendsr'e�ddren on p�p� 1 ot thl�deed ot trust,or to any other eddroae which Lender haa designated.Any other notice to Lender ehell ��%�-.-.
<br /> be e�nt to Lender'��ddr�n���t�t�d on pop0 1 01 thl�dced of lrust. ` -
<br /> � Any notice thdl bo d�em�d to h�ve been�Iven to Borrower or Londor whon given In tho manner stated ebove. ,'^rT!
<br /> Y•-
<br /> 19.Tr�n�iK of tM/ropKty w��M�effclN Int�n�t in tM Bwrow�r.If ell or any part of the property or any Intereet fn it is sotd or trenaferred . .
<br /> without Lander'e prlor wrltten coneont, lepnder mey demand Immedlate payment of tho socured debt. Londer mey also demand Immadiate ....
<br /> demindtpiymeM In the ebovailtu�tlone�It It I�p o�ib tl ed by toderel lew es of the data�af his dood�of truat naierred.However, Lender may not , .�
<br /> 20.Reconwy�nN. When the oblip�tton�tcured by thl� dned of truet hee been paid and Lender has no further obligatlon to make advn�cos
<br /> under the Inatrumsnt�o►�qresmont���cured by tlNe deed oi trust, the Truatue ahal�, upon written requeot by the Lender,ruconvoy the truet
<br /> . pro�erty.The l.ende�e►�nil dellve�to thw H�nnw�r, or to 8orrower'B auacossor in Interest,the truet deod and the note or other evidence oi the �
<br /> I obi(y�tlon�o oatl�fisd.Dorrowar shpll pay any recordatlon coete.
<br />._ -_____-! �..__' "� '__..�... .. .......ee.... �..��mo 6.. i4et mallinn a r.nnv o} thA _.
<br />__ ___�.____-_. __.
<br /> 1 21.BUCCltiO/ TlU�1N. LEfltlOh nt tenaer'� Opiton, me romovo t�uawo . arv•••�• � ���-----• -•• - -• - — - _
<br /> aubetitutlon of truatee as roquirod by npplicebla Inw,ond tXon, by fflin tho substitution ot truatee for record In the oHice of the iegistoi of deods
<br /> ef�ceed to eli the pohweh,�dutlei�euthorlty end t101n oft he Truetue no 4sd i�ana aaed ot i�si nd oi eny lauccooaorVtruatae,ot the proporty,shall
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<br /> BANR[R3 6vOTf.�AO.WC.Ol CLtlUD-MN OE7Q1 11 tlW 9U1 7J�1i i0I1M OCP M10 NE 0�1�91
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