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<br /> ' COVENANTB � � '?�'�;t"s�xa���:�:
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<br /> 1, P�ym�nb. Borrowu �pn�� to m�k� dl p�ymsnt� on the ucund dsbt wMn du�. Unl�u Borrow�r and L�nd�r �pn� oth�rwlta,ony • �„+ _ ;.;��,.
<br /> payme�te Lsnder recelves fram Borrower or 1or Borrower'r benefit wlll be�ppllod flrst to eny emaunts Bo�rower owee on the tecured d�bt • �
<br /> excluaive ot Intereet or principnl,second to Interoet, end then to principal. If pbrtial prepayment of the aecurod debt occurn for eny reeson, It will � •
<br /> not reduce or ezcu�e rny s�cbed��:�:.WttlLilLL rod debt is pUd in lull. �
<br /> 2.CIMm�A�In�t TI :��r UG�er'W�wgy�� K �� ment�,and other chsrpe� ettrlbuteble to the p�operty when due end will defend tftle ;
<br /> ��,�rwi�'��d'��"
<br /> to ths property�yaln en � 1 I w u h_ Ifen at thi�deed oi truat.Ldnder m�y requl►s 9orrower to A��IBn eny riphte,claim�or
<br /> de}enaes whfch gorro er � i IAlf'�iMl�!i�O�1q� p�y tlbor or matsrl�la to fmprqve or melntefn the property. � , -
<br /> �.,, _ i
<br /> 3. Mtunno�.Borrower wlll keep ths propmy Inwred undu terms ecceptable to Lender at Borrower'�expente �nd for Lnnder'� benefit.Afl • _
<br /> � Inounnae policles �hatl Include�stendard mortp�pe cl�use In favar of Lender.Lender will 6e n�m�d a lou payro or�s the inwrod on�ny�uch i ���:�',,� •
<br /> inaurence pohcy. Any Inturanca proceud�may be epplled, withln Le�der'e di�cretbn, to elther the restorntion or repelr o}tho damiped praperty
<br /> � , or to the tscurod debt.If Lender requtro�mortqape intursnca,Borrower egrea to mAintein ouch incurnnco far as lonp as Londor raquiroe.
<br /> ��� t I 4.Propxty.Borrower wiil keep the property In good conditlon end make all repefrt rea�onahly neceaeery. t' ',�`..�' , ��
<br /> � .�v �� ' �!�;';r., .
<br /> � ,a I 6.Exp�nus.Borrower apreet to psy all Lender's expensee,Includinfl reason�blo+ttorneys'feea.If Borrower broeko�ny covenante in this deed �,_, �
<br /> of trust or in any abllgation socured by this deed of trust. Borrower wlll pay these+mounta to Lender es p►avided in Covenent 9 of thle deed of "�,�q+,;i��Jr_�•.i:; ,.
<br /> � trWt. '
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<br /> 8.Prior S�cutky IntK�ita.Unlesa Burrower firat obtafne Lender't written consern,Borrower will not meke or permft any changea to any prior � `ti� :��d;�
<br /> secwity intereste. Borrower wiil pertorm ell of Borrower's obligatiom u�der any prior mortgage, daed of truet or ather eecurity agreement, h ���4
<br /> ;�y � includi�p Borrower'e covenents to make paymenta when due. "' _
<br /> 7.Assiynm�nt oT N�Ma�nd Protitr.Borrowar essigns to Lender ihe rents and profits of the pmperty.Unless Borrower and Lender have agreed _�v -
<br /> �.� i otherwiso in writinp. Borrower may collect and rotain the rente�s long as Borrower is not In default.If Borrower defaults,Lendar, Le�der's �o,�,.,,._.
<br /> '� apent, or e court eppointed receiver mny take poaseselon and manage the propeny and aollect tho rents. Any rente Lender colleata ahall be s�:..-
<br /> appiled first to the coate of maneping the property, Including court costs and attorneys' fees, commissfona to rentul agents, and any other __
<br /> nacessary related expenees.The remaining amount of rents wfll then apply to paymenta on the secured debt as D�ovided in Covenant i. —�;
<br /> ° �� 8.L��sNaldr Condomfntums;PI�nrNd Unit O�wiopmMb.Barrower�prees to comply with the p�ovlaion:of any laase if this deed of trust b on ��
<br /> :•� j a Ieesehoid. I�this deed of trust Is on a unft in a condominium or a plan�ed unit development, Borrower wiil perform all of Norrower's dutiea ��
<br /> „ � wxler the covenant4,by-Iaws,ar reputations of the condominiurn or planned unit development. `�_=
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<br /> 9.Authodty of L�nd�r to P�rfam to►Barower. If Borrower faiU to�erform any of Borrower'a duties under this deed of trust,Lendor may a��',"i;,
<br /> perform the duties or cause them to be performed. Lender may iig�6or�ower's name or pay any amount if necessary for performance. If any �;_
<br /> i constructlon on the property ie dfaconUnued or not carrled on in e reenonable manner,Lender may do whatever le necesaary to protect Lender's r:'
<br /> security intereat!n the property.This may include compiatinp the conatructfon. 1.���
<br /> '� � � �n:k�./s
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<br /> Lender'e fallure to perform will not preclude Lender trom exercisinp any of its otF�er rights under the law or this deod of truat, ',��-
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<br /> An5�amounts peid by Lender to protect Lender's security Intereat will be secured by this dead of Vust.Such emounts wiii be due on demand '-
<br /> �� and will bear Intereat from the date of the payment until paid in tull et the interest rete In effect on the aecured debt. �
<br /> ' 10. b�f�uk +nd Accd�atlon. If Borrowor fails to make eny payment when due or breaks eny covsnante under this deed of uuet or any 1�,,r���rJ
<br /> ��� , oblipstion sewred by this deed of trust or any prior mortgage or deed of truct,Lender may accelerate the maturiry of tha securod debt and ��'���
<br /> � ` demand immediete payment and mey invoke the power of sale and any othar remediea permitted by appliceble I�w. __
<br /> � J 11.R�qwst fa Nodco of D�fwk.It la hRreby requested thet coyfea of the notices of detauit and sele be sent to eech pereon who is a perty =_----__
<br /> � hereto,et the eddresc of each such peraon,as set farth herein.
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<br /> 12.Pow�r of SNt�.If the Lender invokos tl�e power ot saie,the Trustee shad firct record In the offlce of the register of deedo of each county _
<br /> .i, wherein ihe trust property or some part or parcei thereof is sitwted a notica of default conteining tha information required by law.TM Truttee ����
<br /> ��;�; �' aheil also mail copies of the notice of detault to the Borrowe�,to each peraon who Ia a party hereto,end to other persone espreecribed by - -
<br /> appflcabk law. Not leu then one month after tha Truatee records the notice ot de}ault,or two months if the trust property ls not in any
<br /> ' inCOrporated city or viliage and is used In farming aporatione carrbd on by the truato�,the Truatee ehall give public notice of eete to the per�o�•� _ __.
<br /> and in the menner preacribed by appplicabie law.Trustee,without demend on Borrower, shall sell the property�t pubiic suction to iho hipheat
<br /> bidder. If required by the Farm Hqmestead Protection Act, Trustee shali oHer the Droperty in two sepsrate sates as required by spplicablo law. —
<br /> Truttee may postQone sale ot all or any parcel of the property by public announcement at the time and piace af any proviouaiy echeduled ale.
<br /> Lend�r or its desfynee may purchss�the property at any eate.
<br /> � � Uyu��recelpt nf peyment of the price bid,Trurtee ahall del(ver to the pwchase Tru�tao..w mveyinp the property.The rodNalt cont�ined in �
<br /> Tru�tee9 deed shali be prfma facie evldience of the truth of the�tatements conTa4rod tMrefn.Trustee sh�ll�pply the procesd�of the sele In the '_.
<br /> • . folbwinp ord�r: (e) to ell expenae4 of the sale, inciudinp, but not limited to,reesonable Trustee's fees,reasonable attorney's teei �nd
<br /> reintt�tsment fses:Ibl to ell sums secured by this deed of trust,md(cl the balanu, if any,to the personc legelly entitled to receive it.
<br /> 13.Fondown.At Lender's option,this deed of nuat may be faecloaed in the manner provide by appiicabte uw for forecloaure of mortpeyes
<br /> • on roal property.
<br /> ' 14.Insp�atlon.Lender may enter tho property to inapect ft ff Lender gives Bor�ower notice beforehand.The notice muet state the reasonable
<br /> �:�;�. ' 'L � cau�e fw LendeYs Inspection.
<br /> 16.Cw�d�rr�udon.Borrower asslgns to Lender the procaede of eny awerd or claim for damsges connected with a condemnatlon or other tekirq
<br /> of�II or eny put ot the property.Such proceeds will be applied�a provided in Cavenant 1.Thls�asignment ia�ubject to the termt of any prior
<br /> security�p►sement.
<br />-r�' 18.W�iwr.By exercising any romedY avafieble to Lender,Lender doea not ylve up any riphta to toter use e�y other remedy.By not exercisfng
<br /> � � ; any remedy upon Borrower's defauit,Lender doea not waivo any right to later cono�der the event e defeult ft it luppent again.
<br /> °�: 17.Jolnt�nd S�vN�I Li�biWy; Casipn�n; Succ�ua� �nd Aaipm Bound. All dutles under this deed of vuat ere jolnt end severel.Any
<br /> 4;� ,,: Barower who co•aigna this deed of truat but doee not co-sipn the underlying debt inatrwnentle) does so oniy to prant end aonvey that �
<br /> • �•• 8urower's interest in the property to the Trustee under the termc c+f this deed ot truat.In additlon,cuch e Borrower agreei that tM Lendor and
<br />�„ �• any other Borrower undar this deed of trust mey eMend, modf}y or meke eny other changes in the terms of thls dead of truat or the sewred __- _
<br />�; � debt without thet Borrower's conaent and without releesing that9orrower from tM terms of this deed oi trust. ..��
<br />-�. " � The outki and benefits of thia deed of trust shali bind end benefrt tho eucceasors and esaigns of Lender end Borrower. C;_.'�`_=s_
<br /> � 18.MoUc�.Uniess otherwiae requlred by law,any notice to Borrower shatl be given by delivedng it or by maNing it by certifiod mail addrose�d to ::��y:;
<br />= n Borrower at the propotty�ddrosa or any other eddresa that Borrower has given to Lender.Borrower will g(ve any notico to Lender by certified �-
<br /> _�� ' mell to Lender's ad0►esa on pape 1 af thts deed of trust, or to any other eddross whicA Lender hes designated.Any other notice to Lendor shull �"'°""�—� �
<br /> �� �` be cent to Lender'a address as stated on pape 1 of this deod of wst, �"-
<br /> ' Any notice shail be deemed to have boen given to Borrower or Lender when piven in the manner etuted abovo. � ' °-�;
<br /> . ,�_r; .E. .. ,`x
<br /> 19.Tranttsr of t1N Proputy a�B�ficir Intx�st In th�Borrow�r.If all or uny part of the property or any Intereat in it is sald or trensferred �� �v°�
<br /> without Lander's prior written consent, Lendar mey demand immediate peyment of the secured debt. Lender may also demand Immediste �'�,�',,`t:r..;,:;�..
<br /> peyment if tM Borrower is not a natural person and e beneticial intereat m tM Borrower is sold or trans1errac1.However, Lender may not . :
<br /> � dema�d payment in the above eituetfona ff it is prohibited by federel law as of the date of this deed ot trust. .���;��'''�
<br /> 20.R�conv�yr�c�.When the obligation secured by thie doed of trust has been paid,and Lender has no fuMer obifgation to m�ke advencos •-��`�+
<br /> under the intvuments or agreements secured by this deed of Vust,the Trustee shall,upon written requost by the Lender, reeanvuy the Vust .
<br /> prope►4y.The Lender shall deiiver to the Borrower, or to Borrower's successor in interest,the trust deed and the note or other evidenca of the
<br /> _ — � oblipation so caticfied.Borrower shall pay any recardation costa. '
<br /> e� �. T�.�..� ��...�.. . t�...��.•. ....�i.... ... � T....��.....1�n..ninr • u��rrweenr tn�ctna Av }itet. mHilinC 8 CODV 0} th!
<br /> , , eubstitution of trustee as required by epplicablc raw,end t�en, by�filin�the aubst�tuiion ot trustee for record in the offica of the iegistei of duoda (�
<br />�= I of each county in which the trust property,or some part theroof,is anuated.Tho successor truatee,without conveyence of the property,nhall I
<br /> succeed to all t��e power,duties,authority and titie of the Trustee named in the deed ot trust and of ony succe�soa trustan.
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<br /> - DUIKERS SvSTE45.�HC.St CIOUD.MH 66J01 H�pp�97 7�41i tORM OCP hlt0 NE 6�19N1 I
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