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<br /> 1. P�y�nt�. 8orrow�r �prees to m�k� �II p�ymente on thp uaGtued dabt wl:a'ds`.t U:^�:m�^;��OZoW�°o�e�aon tIN s�cur�d d�ht ��'`•:��iA;tt4
<br /> j psymenu L�nder nceNU from Borrowsr or Tor Barr�wqr'o tiP»�fit wlll W �pp
<br /> oscclusivo 01 Inierut or•prMwl�l;„e�d'�►"�A �nd lhnn tn principal.if partld pnPwym�nt o1 th���curqd d�bt Accun lor any r�a�on, it will
<br /> not reducs ar�xcuw MYAc�+�++1���pUYr►�ni Wh� it��aMaurad dabt i�pdd In full. .
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<br /> .I Z.Clalm�A�Mn�t�d�.SotP6w�r wUl pay�II ta� ,a�a�anent�, snd other oh�rpe��ttr�bu►eUla to Ihe prope►ty when�ua nnd witi defnnd Utle
<br /> to tha Dropup •p s��ny cl�kn�Whlch wout�)k W thn I��I ai���oa materl�l�ta Impro�ve a�nie�niiin Bhn propnrtytl���pn�ny ripht�,cl�lmt or
<br /> � detsmu whlEh aarower m�y haw�p��rnt pwnlnr wM� �upp V J
<br /> ` � 3,�p�w�nc�,Borrower wlil k��p ths proMrty Insund urnlnr term� eccspt�ble to Lender�t Borrowtt's expef��e snd for 4onder'e Uennlit.All
<br /> inwrmcs policie�th�li Includ�e tt�nd�rd mo�tpnpe cleua�In I�va�at l�nder. Lmder will bs n�msd+�1a�1 PAYae or n tl�a Inaund on�ny�uch
<br /> or�to th��recure dabtl If Londer eq��oc�martE'apc� Iilc�urunaa1 pnrro,vo�r fl�iesr��I��intAlo sucli Insuuncet}or af lon{j ni LenAer�ey�irei r�p��y �
<br /> � � 4.PropetY.Borrower will keap ths proparty In pnod rondhlnn�nd mnk�dl ropaln rqw�+�bly�nooaurV• . , ;:-
<br /> , �M � of tfiuit o►��n nyrobliy�tion iecursd by thii�daed af io Et�9arrnwer�wlll piy the�s atm unt to Lende�aa prov dedkn Covonnrtn9 0}thlshdoed of . •r
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<br /> 8,prtorS�eurity IntKnt�. Untess Borrower firet obini�r Lender'e written concent, Bloi mortpape�de d�of tiuntror�tothai iecurltytegeeam�ntr .'";;�,,�;,;•,
<br /> cecurfry interoete.Borrower will Pertorm all at Borrower'e ohligetions under any p ' ti'��r.r.-.,e
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<br /> Includinp Borrower's covenants to make payments wht+n duo• w , ._._._.-
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<br /> ; 7.Aalpn�Mnt of R�nt��nd Profits.Borrowe•elsiqne ta Lender the rente and protite ot the property.Unlees Borrower end Len�ie►heve n reed '}"
<br /> i otherwfse in writiny, Borrownr may collect efnA rvtnin thn rents ss long aa Borrawer ia not In dehult. It Borrower detsulte, Lender, Lender's ;.`
<br /> 1 epent,or a court eppainted receiver mey take poasef�a�an and manago the propertY erw collect tM►ente. Aay�ente Lender collecte ahell ba �
<br /> ;', applied first to the cotta of maneging tha proparty,Including court cc^•ts and ettomeys' feai, canm1a�iona to rentat a0ente, and any other `x,:;__Z?�:
<br /> .� neceasery related expensea.The remalning emount of rnnis wUi then epplY to paymanta on the necured debt as provided fn Covannnt 1. ;;:1�^:�-
<br /> �� 8.L�o�hwWr Ca�dominiumr,Pl+mn�d Unit DyrNopm��.,�orrower ayreea to comply with the p►oviilons of any tesse if this deed of truat ia on �=-
<br /> a leatehold.I�this deed o f trust fs on a un i t i n a c o n d a m�n l u m o r �p l a n n ed unit devalo pment, Barower wili perform all of BorroweYi duties
<br /> u n d e r l h e c o v e n a n t s,b ylawa,or re gulntinns �t the condominium or plenned unit development. ��..__
<br /> 9. Autho►iry of Unda to Ptrtorm for Borrq�rK• 1f Borrower fails to erform any of Borrower's dutiei under thic deed of troet, Lnn der may 4
<br /> pe►form the duties or cwas them to be perfarmed.Le�der msy eign�rrower's name or pay eny unount if necessey for peAormance.If any �;�
<br /> consttuction on the property ts discontinuod or not carriod on in e roasonehle manner,Lander mey do whatever Is neceasary to proteCt lender's �,�:-
<br /> sscurity intereat in the properry.Thie mry innfuda complatinp the constructlon. `j:
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<br /> � : Lender's tailure to perform will nat prealudo Lendar 6om exeraitin0 any of Its other dghte under the liw or thia deed of trust. y ��
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<br /> � Any amaunts pdd by Lender to proteat Lender's secu�itV�ntarqst wiil be secured by this deed of wst.Such amounte will be dua on demand �,r^__-
<br /> , • i and wili bear interest from the d�te of the p�yment until pnid in full at the fnterest rate in etfect on the secured debt. ;:_
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<br /> �. 10. D�f�ult�nd Accd�►atlon. If Borrqwor fa�s trior m rtpApepor deed of truetuLende�may accebraie theAma urityhat the secu ed debt end '`�3�
<br /> • oblipation eecured by thia deed of trust or eny p licable lew. �'�i�'=-`
<br /> � demend immediate payment end may imoke the pov�er of salo end any other remedies permitted by�pp�
<br /> �° 11.R�qu��t fot Notic�of D�f�utt.It is haraby requested thAt copies of the noticea of default and eete be sent to each person who la a percy ��" _
<br /> hereto,at the addrees of each suah pereon, as aet forth herqin.
<br /> 12.Pow�r of Say. If the Lender invokas d�e powu of aale,the Trustee ehaU tirst record in chn oifi�stl u�iY.e rsalaisr a•.dcoda oi eacA c^�!n*Y _
<br /> wherein the truat praperty or aome pert or porceS thereof is situated s notice of dehult containing th4 intormation Iequfrad by iaw.The Trustee
<br /> �' areto,and to other eraons as �reacribed by
<br /> �"' ahall elso msil copiee of the notice of defqult to the Barrower, to each person wla is a party h P ,
<br /> ��i`' appilceble Isw. Not leas then one month efter the Truatee rocorde tho notice ot det�ult, or two months if the truat property a not in any -
<br /> incorporated city or village end ia used in furminp operations carried on by the truator, the Trustea ehaU givo public notice of sale to the pereon� _
<br /> and In the manner preacribed by apppliaahle I+w. T r ustee, without demand on Borrower,shall sell thef p�operty et publia auatbn to the higheat _s_
<br /> bidder.If required by the Farm Homettnad Protecibn Act, Trustee shall oHer the property in two aepar�te sales ae required by applicable Iaw.
<br />� Trustee mey poatpone sale of all or any parcel of the property by public announaoment at tha ttme and place of any previouely schaduled aale.
<br /> . Lender or Ite de�ignee mey purchese tha property at a�y su►e•
<br /> Upon recelpt of payment of the price bld,Truetae ehell delivor to the purehaser Trustse's deed conveyinp the property.The recitiels contained in
<br /> Truetee'e deed ahali be prima facfe ev'idience of the truth of tho statements contefnod tharein.Truatee ehell epply tho proceeda of the sale in the �«.
<br /> following order:(a) to all expensea of the sale,including, but not Iimited to, reeaonable T►uatee'e feae,reatoneble attorney's fees end
<br /> reinatatement fees; (bl to all sume secured by this deed of truat,and(cl tho belenae,if�ny,to the persona IepUly entitlad to roceive IL _
<br /> 13.Fa�ebsun.At Lender's optlon,this deed of trust mey be foreclosed in thq mannar provida by epplicatsle lew for foreclosure of mortpaget
<br /> . an raat prope►ty.
<br /> � • ` 14.Intp�etlon•Lander may enter the property to inspect ft if Lender givea Bor►ower notice beforehend.The notice muat state the reaaonabN
<br /> ceu6e for Le�der'e inaDe�ion.
<br /> �� o}elCofl any part of Bhe proporty�Such pr0ocoedBhwillrbe a pliad as prov�ided in Covenant&1 eTh�s asnignment e subject to the iterms of any pi,a _
<br /> socuriiy apreement.
<br /> 16.WaivK. 9y exercising eny romedy aveiieble to Lender, Lender does not qive up eny rights to leter uae any other remedy.By not exerclainp _
<br /> ' ' any romedy upon Borro�lver'e detau�t,Lender doea not waive any ripht to Iater co�aWe�the event e defeult if it happen�ayafn. _
<br /> 17.Jdnt�nd Sw�r�l Li�p�k�y; Co•�ipnes;Sucasson and Asdpns Bound. All dutfoa under tNs deed ot truat are Joint end several. Any -
<br />=_:; .. ,, Borrower who co-sipnc this deed ot trust but does not co•slyn the underlyIng debt Insvumentls) does so only to qrant and convey that
<br />_ti ' Borrower'e interest In the property to the Tru4tee under the terms o!this deed ot ttust.In eddition,such e Barower agrees that the Lender end ,
<br /> eny other Borrower under th19 deed of trust mey extend, modifv or make eny other chen¢et in tM terms af this deed of truat or the necured
<br /> � � �!,� debt without thet Borrower'e consent end without releaaing thax Borrower fram the terms of this deed of trust.
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<br /> -��, The duties end benefite of thia deed ot trust ehall bind and benefit the successors and assigna of Lender and Borrower. -_
<br /> �'� 18.Nodet.Unless otherwise requfred by law,any notice to Borrower sheil be gfven by delivering it or by mailing it by certified mall eddreased to �;1��-
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<br /> Borrower et the property eddross or any athnr adWose that Borrower hes yiven to Lender.Borrower wili give eny notice to Lender by certified ,�_
<br /> + mafl to Lender'e address on pege 1 of this deed of trust,or to any other address which Lender he�destpneted.Any other�odce to Lender ahell
<br /> be sant to Lcnder'e addreas ss atated on paqe 1 of thie deed of trust. .;,�• '-v
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<br /> Any notice shall be deemed to have been given to Borrower or Lender when given In the manner ateted e6ove, _-. ,,;_.
<br /> 19.Tr�nlf�►01 tM Prop�rty or�B�11efa1 hK�ntt In th�Borrow�r.If all ar any part of the property or any intereat in It ia sold or transier�ed ��>.�,; �'�,.�,�
<br /> witMut Londer's prlor written consent, Lendor mey demand immediate peyment of the secured debt. Lender may eiso demand immediate
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<br /> payment ff the Borrower Is not a naturel person end o beneficiei interost in the Borrower is sold or traneferred. However, Lender mey not ,•.-:•�±,. :riY:.:�
<br /> ' domand payment in the ebovo eituatlona If it 19 prohfbited by federal lew as of the date of thi6 dt3ad of trust. ,;�,_ ��;�.
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<br /> 20.R�caw�Ymc�•When the obligetion socured by thls deed of trust has boen paid,and Lender has no further oblfgetion co meke advancea }; �Sf;•.`:
<br /> under tM inatruments or agreements secured by thia deed of trust,the Truatee ehell,upon wrinen request by the Lendar,reconvey tho truct :�.LY,�, ,
<br /> property.The Lender shell deliver to the Borrower,or to Borrower'e aucceasor in Intarest,the truct deed and the note or other evidonce of tho ,
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<br /> - � oblipetion so setfsfied.Borrowcr ahali pay any rocordetfon coste. '
<br /> " c.........0 TnutN. LendUf. et LEI1d9t'e oDtion, moy remove Trustee end eppoint e succecsor trustee by tirst, mafling e copy of the ,
<br /> - -- --- -. . . ... .. . _._..-'--''_"�..a i..•�.�..at.....�elu ranintar nf dwadt _.. _ .
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<br /> �• substitutlon of trustee es requlred by eppliceble Iew, entl tnen,Dy nung tae suosuwiwn v. u�>.aa��. •���.--......-_...___. ..-_._._._ . ___ -__ _
<br /> sucCeed to aIi the power tdutless eutho Iri and title ott he Trust e nemed inedho d ed of tr et nd ot eny�suc cs or truatee,of the property,sh111
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<br /> � BANKERSSVSTEMS.INC�.ST.CIOUD.MH6B301tl•800�79��7�t1�FORMOCPMTONEAl19�81 ____ „_ __.__._ �
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