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<br /> Y i t,� tbiu D:ed of Tms� �������� . n - _
<br /> �"�= . 11.L?veats o g B e f a u I t. 'T h e f o ll o w i a,g s h a l l c o n s d m t e a n E v e n t a f D e f a u t t u a d e r wttea due• r; . '�, :;;' °�,-
<br /> . (a)Fa�nre oo Pa3►�►Y��of pnnccpal o:�tecest nf a�l other sam seamsQ harebY af the Ioan i^�*^,^,�^*° `•`,1�,- ;�.�
<br /> rovt4ion containeA ia tha Note.tbia Dosd of Tmss,anY °r '
<br /> (b)A breas6 of or defanit uader a�Y P ss'
<br /> . , any ather Geu or encumbraIISe upon die Pmperty; '� .
<br /> shall be eatered Trassuc wLicL shall become a�ea oA'� �
<br /> . (c)A writ of ea�oa or 9,rA�'±,t,�"!*or aay aimilar process a8� �, .
<br /> • - t�e Prope�ty►or anY Ponion thereof or imece.ct thereia: ^ .; `. "` ..=
<br /> srdne or othet� ";:�._� ',. `'�
<br /> � - {�Ther+a sball bx fited by or agaiast'Itncawr or Eoim�ver an acaon uadar am�pre�euz or fimue federal, - : '�
<br /> ' " stani�.taw or tegalatioa telatiag to 6anIanPtsY.insolveasy ar ottcer retfief fat debrors;ar t£ece shall be a�poinDed si►y�o.stee�" _ ,� _
<br /> . •� , •.'t` ' of Tmsmr or$oirawer or of all or aay part of t7ze pmncrtp.ot t8e ceuis,issues or pmSts theteo�or�_ ' .` '.;..:.,.:
<br /> receiver or liquidawr �"..
<br /> . ` ` • Tmsrar or Bonower shall make anY genecal as3gnmea�for the beaefu of credimcs: ' r ; -
<br /> _ -�;..-:,.'; (e)'I1�e sale.transfer,Izase, assigmmESnt.soavcyance or farttter encambrance of alt os aug part of or a�r interest in the , � - ; :
<br /> � nded tbat Tn�svor shall be
<br /> � �� pt o p e rt p,either voloatan'IY or imroIuntarIIY. without tbe egpress wrIsten can�ni of Lcnder, pr�� k L :t ;; �.
<br /> . �` penmimed to execut�a iease of the PropertY thu does nat canrain an op dnn t a p n r h a s:a u d c h e o e r m a f w h i c h does not exceed _- :
<br /> J"`' one year; f �� ,
<br /> �..r (�Abaado�ent of ths PraPeccY:oI ����or cu�a�abrance of more tbaa C�f.a ,;.�•`�`�
<br /> .� .i-: (�If Tnuwr is not an iadividual.th�e issuauce.sate.tca�fer• s t o c�.or �f a a r m e�s�i P3 a wtal of P!A p� ;F��`
<br /> coipoiarioa)a t n t a l o f��_p�e c e�e u i o f i t s i s s u e d a n d a u t s�u d j n 8 ; :,�; p
<br /> at�o �or(if a im�ited liab�ity oom�aIIg)a�utal of�_�of dse�mued t�abitity comPa�r i� ..;. •�
<br /> .:�,�
<br /> . ar vu��Sdng th2 perFad tTus Deed of Trost remains a Ilen aw the FeoPerEy ._��-�ower fur-ser .K:.:,° -
<br /> : (h)If the obligadon soaued herebY is Saazan�ed in whole or in part by ihe Fa�ers Home Adminis�atinn,. :` .,� :
<br /> - � ag[eea tbat�e loanjs)secared bY this��be in default shonid at►Y Wau Qraceedv be used for a;c�se ttrat�^�. 4 C
<br /> �` � coa�ute to eacessive erosion of highly eradib2e 1an,�or W the coave�sioa of wetlaad�a produce or to maS�possz3trs ef�c ;� ,
<br /> � f`�-?��:,�F�`' �mduction of an s�c�tY.as fmnhsr explaiaed'm7 CFR Pazt 1940.SnbDarc(i,Eafibit M-
<br /> �C
<br /> `�f�t?�'f'%;?�+�f:�. Pl�OIIL��CC 07ICCpi 2S ICQ,DI'� . . - �
<br /> h,`�.r�'��M r ,?f,';�, . �Z.IItm�s:Aecet��P�YfefaWl. In ths evem of aay Eveai of Defaal4 I�eader ma3►, ;
<br /> Z��'�� declare all indels��1�Y to 6e dne au+!paya6le and the s�e�aII therwPoa become dae and paqac�.� •, ,4.f` �<',- =
<br /> ,�. , e}�?. �iaw, :
<br /> � deaiaa�.prote�ar�otice of an}►itind. 'Ibere�et Lendet�"�.'. 1�°`�' ; �
<br /> r••`. ,� �, �,��5�> �(a U ma�nd�Ttu.gree e�retctse t''�P�WER QP SALE�herein.and'T�st�ul!�er cause Tivstor's iuflec�. . . �� �k
<br /> �F i to be distct'butcd.all in t�te manusc Pmvided iu the Plelsrasl�Tttut Deeds Acfi ,s:�
<br /> - . . •.��:�, ia the Propest�►to te so10 and the pr�3s : F`'�.�?°"_f`��
<br /> .-:• (b}Eaercise a�r aa�all ri�ts Pmvided�or in any of the laaa I��by law a�OU.acca�eoce oY a�/Eve.aC:�=
<br /> , .s e st��
<br /> ,� '��� Defanl�aad enforce aay of Bte � : .
<br /> oint a receiver.or specificaUy f�>` �: .
<br /> � . � (c)Commence aa saian to foreclose tLis Deed of'�z as a�.ePP . ..
<br /> .;: �.��'� cavenaats�teof. zs��to be exclasive of azry other zemedy herein.�tt� �`�.. ':,:::'•i` �'
<br /> ,�":`,.'� No remedy h�n confe:red upon az re.�ved to R`rastee or I�der � ., �
<br />-`; ._- -,_ `:`'�` or latv Pera�tted,bat each shali 6e�mWadve.shaU ba in addiuon w ev other remedP g�-w� :,�.:�`.�, -�.`.,<
<br /> Loan Ias�r� bY Pravtd�or �tte or sratnta.aad maY 6e exucised con�5�
<br /> =� �. _ ��., � i a t�s e L o 3 n I��tr m a m�or now or hereaRer exis�ng at law or ia equie9 f+Y .._,.'�'_� `:
<br /> , n —
<br /> � <<���'' Y`. �dependemly or sacce�. � �-� t
<br /> and Lender ms►Y a�i withotus c�mse mt a ,k ��
<br /> s � ���i' The T�rnay resi&i at anN ti��chout cans�. at tnne and � or . �_
<br />--,`?;���;` ,",.�:i� s.nccessnr sn6sdtnte T��..Tivstee sha11 aot be Iiablg m anl►P�►,inclnding wlthaut li�on Leader.Bo�roaer.'iYusror ,; •��
<br /> ��' ,z��� of�e Yroperi7+.fos a�r tQSS or damab�e untess due w reckless or willfbl miscondncG end shall not be require�ta t�ke >
<br /> �,)v: �3►� , 4'
<br /> . .�:<,.�'�� aa5►acdoa in coanecdon with the enfoza�u of this Deed of Tn�st�aless�demnifced.ia ani�i:�r aU costs.compeasat�rr� �� �,
<br /> °�'s�:,, ; . , eapeaaes which may be a�wciated flteress��t3. In additian.Tmsoee maY become a purcbaser at an�sffle of the ProPe�,Y C1¢��"� : �•.�� 'k;�r�r .:.
<br /> ;-��<��,�::• under the power of sale graa�ed hereeia);pustpone th$sale of all ot aay pordion of ttie RvperC��zs Pmvtded by]aw.or seII fl�e • �� . . �:;,�:,'
<br /> he
<br /> f ;:- ptopesty as a whole,or in separate parcels or tots ai Trnstee's discretioa � �`r`.' , ;r�'�"``'
<br /> =�`,"�. , 14.Fees aud Esp�ases. 1a the eveat Tn�stee seAs tLe ProPeng b�!ese�+eisa of pocver of sale.Tnrstee shafl 6e entitlsA wa�pIy �' �"•.r �
<br />- , . .� • ; 5rst w a eat of a!1 o�ts and expensea of exetcis.ag 's fees.aad I�de�'s ,���
<br /> any sale proceeds P Ym ��ed W extent permrtted by "l�tl�'1�E� o or Tcastor exec+cises
<br /> .. . aad TtasOee's atoomeg's fees,acwallY .� '��.-
<br /> �. >�,.,' � : ���. aay�ight provided by law to cuce are E�at of Default, Lender sha116e �� r a����� .`���
<br /> � l. � � acmaIIy inraured as a tesntt of Trvsa�s's defauIt, incladiilg wIthout
<br /> ��`X�
<br /> �'�: t e:mitoecl by agpltcable taw. :
<br /> ; �� P ��'Y
<br /> �, .• .. iS.Fatare Advisaces. U� fe�� of Borrocves, I.ender maY� at im aption. makc additiflnal aud fiunre advaaoes and _
<br /> "' `,,,�9.�.. Ad sa
<br /> � . ..,j,�; readvaaces to Bono�ver. Such actva�a:c�i readvances.wIth intetest thereou.shall be sect�t bY ttds Deed of Tn�st. At no ttme ..,�„
<br /> ��{-��;f��, s1�a11�e principal amo�t oi the i���b3►tEis Deed of Tnas3,uat including sau�o advanced to protect We secarity►of �y.F,
<br /> _ • ;�..Y` ti�is Dced of'ilrusb exceed�ce ag�eSate of the ori$taal P�ciPal amm�nts srated here�u.•or S �c�.000.00 ' ,
<br /> `,�'.'r WhlChCVtI�8 g[fBtCf. _
<br /> � . t:'`'. 16.Miu�ltanang9�86�. -, �,-
<br /> • `• �a�g��e�s Na�Relee�d. Exte^,.sIon of the time for payment or modifiaatioa of amordzatton of the st�s se�ared�tisis
<br /> ��..�
<br /> . : . "`�.��.� Deed of Tiost gran�ed by Leader ta asp�s�os ia int�icst of Boreocver aball not aperata to rekase.ln aa3► mem�e. �e . :�.�.
<br /> $. �-°•,. ,;'„ iiability af the o�lgiaal Borrower aa�Borrowec's saccessora in interest. I�ender shaD nat be required to¢ommease pro� :
<br /> ° :..`� .�,�j�..,� agatast s�c9 successor or:efl�se ta e�ad time for payment or athe:s�ise modify amonizadon of the enms secateA by th�t�ra-.d . . .
<br /> •'' 1 '' of Tntst by teasoa of es�i demauds made by th�ortgin�l Borron�er and IIotcca�er's saccessors in interes�t. . . -
<br /> _� > r$��'� . (b)Le�der+a Paw� WitIlant a�ecting the liab�ity of u►y oQior Passott I3�Ie foi the yaymeat of aay obllgadon hereia •
<br /> �,�„.. ,
<br /> r doa o f t h e P r o p e ri y nnt �en ot
<br /> t� s• . ' meuSoned. and wittioa[ affeadag t�e lien or cLarBe of this D�ect o€Tiust upoa an3+ P�.
<br /> .:�'�;�,F thecewfare released as seaaciry far t7�fall amonnt oY ell uupaid obllgadons.Lender mal►.fi�m time to time and vrithout aotice
<br /> ��.:� � (�7�_ ,�° �ti,.:
<br /> .. ;,.;,`.:.�•.. ��,,�+��41:�, (�reIease aap Petsoa so liable. (ii}eacoead die mawciaY or atau enY oP the terms of a�.�b obli ons. oiher
<br /> - ,.,k:: •;:,,�:',-�,,;,.. ,, iadatgeaces�(fi►)re2ease or recomrey.or cause to be reteased or recoaveyed at aq dme at Ixades's oPtionanS►Parcel,Pa�zn or ��`i�M';';'
<br /> � ,�. all of the pmpergt. (o) take or releaqe a�► othet ar addiflonal secarity for a�r obligatlon herein mew�ca. or(v�make ,.
<br /> , �; }
<br /> G ti, ,. �, i ,� compositions os ot�e¢asranSemenrs wI�debto�n ia relation thereto.
<br /> sra �er in exerclsiag any dght vr reme6y l�re�&z.or
<br /> t� �''t,,y f: (c)Tcsr�ears�Esy Lsnder'Nat a Wstver. Any fo�licataaoe by � .
<br /> 7 . �., o t h e r w i�a f w r d e�t t�y r p y l i c a Utc ta�. shall nat be a waivrr af ar pre;.Inde Ws oxcrcise of any sncb right or re�ed,�. 'fba ,S ?;r.,>
<br /> �..�� , •:'',"r':i�:: ; procurearers ef m�^*°°or the pzp�t of taxes or othez lieaa or c h a rges by L en der s t�a t l no t b e a w a i v e r o f L e n d e r's r c g�w . , '�:,�j�,
<br /> �`t 7, •`.'.., .:.,: aocelera�the a�n:zfty�af tbe inQet�sss secared bY m1s DeW of Tm�t. 4�'{''���
<br /> ,, :�' ' ; :r.. (dj Suoe�ssors aud�gas Bo�ad.doint aad C�vveral IIAabiuqq;Capttoas. 'fhe coveaauts and agree�ea��ereia car�:aed • :,
<br /> r '
<br /> � �.�:.�•�•, . shall biad.and t�se r�i�hereua�er sF�all imue tn.We respecdvo succeasors s�assigus of Leader and 7k�:. AU covenanm � :., .
<br /> -- . � aaA agceementa oY 3�s sha11 be ja�t aud sevetal. 7'he eaptiuns ertd headings of the pusigeapbs oY this Deed of Ttust ara for . _ ..;:
<br /> . comreniense only and are not w be u�+9 w inte�pset or define the pcovisioas hereot, i; ,t;
<br /> 1,'ir�°r,.,
<br /> _; : . ,� (e)I�equese 40�Noflces. The ps�ues hereby request that a capy of any notice Mdsfautt hereunder and a copy of any aotiCe ,;,�,,y-,
<br />�'�•;_. '.;. of sale P�ereuader be maited w eacb paccp w tbis Deed of Tsu4t at the addre�+s set fmW abave 1n the m3nnar prescriDed by • .
<br /> _��, . . • applicabie taw. Except for any other notiee reqn�red wcder applieebie law m t�agn�a in anorher maaner.any notIce provided
<br /> ._..y;. . for ia tBis Deed of Trost shatl De glvea by mailin$saeh nntice by certifled m a i l e d J r e s s e d w the other pardes.at the address set , .
<br /> • fosth abave. At►�r notice provided for in t1�3s Deed of Tnsst ahal!be effecdve npon mailing in tLe manaer designated hereln. If • .
<br />— ' � • Ttnstnr is mare thaa ane persoa,aosice sent to the address set form abwa sba11 be norice to all sucb persons. � � .
<br />--: -. . (� anspe�on. LenQer may malce or cause w be made reasoffib2e enuies upon end inspecdo�of the Properry.pmvlded :
<br /> --*��.� tbat l.eader sLall give 7'tnswr notiae prior w anp sneH iatpecdon speetFying reasonabie cause thecefot re2ated to Leader's �.°• .
<br /> :, _ , � • intcrest in the Property.
<br /> . � . � (g)Reco�eyanee. Upon payment of all snms secuced by this Deed of Tmst,I.ender shaU request Tzustee to reconvey the .
<br /> ' p�apeny sad shall surcender this Deed of Tnut aad all notes evideacing iadebtedness secured hy ttus Deed of Trnst to Tnutee.
<br /> � - . -- _ T� sh�!1 reconvey the Property arithout aan�anry and wit�ont c6arga w the person or persons Iegally entided therew. _ _ _ _
<br /> • ; • Tntstor shall pay all cflsts of recordadon.if any. .
<br /> � r¢eaur,�u�o�rua��..ouse • ' .
<br /> :...'` • .. '.. ' O�a�es��en�n��s•�+��ma.eaeem �
<br /> . . : ,. • . — .. _ .
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