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<br /> • � COVENANTS �i� ���� -,r
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<br /> 1. P�ym�nt�. 8orrower apreei to m�ke dl p�ym�nU on th� t�cur�d debt wMn du�. Unbu Borrowar and Lenda�n�►� �nY '; •y�-:,,�,r4
<br /> psyments I.end�r receives irom Bwrowu or for Borrower'� bsnsfit wtil be �pp►led first to nny emounte Borrower ows� on the socured debt
<br /> exclualv9 01 Intorost or principel,aocond to I�toroat,end then to prinr.�pei.If pertlel prepeYmont af the sacured debt occun}or any rea�on, It wfll �,._,•!;.�+;,
<br /> not redyce or�xCi+se eny scheduled p+l1rmenl until the�scured debt I�pdd fn full. -•
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<br /> 2.CIYm�A�t TNN.'�rrow�r wlll pay�A texea,ussoament�, ond other charge� ettrihutable to ths property when dus snd wtil defend titie ,_
<br /> to the prop�rt��0 aMt�ny Ol�lrt�r which would Impa��the ilen af thb deed o}tru�t.Lender m�y requiro Borrowor to a�dpn eny ripht�,clslm�or �•, ;�`y.
<br /> d e f en:es whlch 8orrower may h�ve a�alnst psrti�a who oupply labor or matoriais to Improvo or meintsln the property. ,� ..,�,-
<br /> � 1 3. In�wana. Borrower wlll k��p th� property fmured under term� accept�ble to Lender et Borrower's expeme snd for Lender'� ben�tit.A l l , -r�,,.A�
<br /> � Insurance policlea ehall include�sUndard mortg�fle clause In tsvor of Lender.L�nder wlll be nertied a�lo�e payee or�a the inturad on my auch ,��,,.'��.,
<br /> . Insuronco policy.Any Insivence proceede may be epplled,withln Lendsr'�diactetlon,to elther the restoretion or repelr of the damafl�d prop�rtY
<br /> or to ths eecurod debt.If Lender repui►e�mortpape irieurence,Borrower aprees to mafn4ain cuch incuronco far ns lonp as Londor roqu��e�. ,,,,,,,,,,,,,
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<br /> 4.Prop�rty.Borrower wilt keep the property in qood condition and make ell rep�irs reasonabiy necessary. �C�b��-
<br /> �+�""'� 6.ExpN�t�s.Borrower ayroea to pay oll Lender'e expeniea,Including roa�on�ble sttomeya'fees, if Borrov�er breaka eny covenents in this dead �, , � '�'
<br /> �'G.i.Y;`.
<br /> .. •�+ of trutt ar In any abllgation secured by thla deed of truat.Borrower wiil pay these�mounts to Lender ea provided In Covenant 9 of thl�deed of ___ _ _
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<br /> trust.
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<br /> 8. Prior S�curity Int�n�t�.Unless Dorrower firct obt�ins Lender's written consent,Bio�r mortgage�deedaof trustror�tother securitjrtagreeinentr �'"`
<br /> � � security interesie. Borrowar wlll perform ali of Borrower'e obllpations under any p -�T.•_°== _ __
<br /> includinfl Bor�qwer's covemnU to meke p�yment9 when due. �4--�-
<br /> ' � 7.A��i t�t R�n t s�n d P r o t i t t.B o r r o w a r e a a i p n s t o Lender the rent4 and profite of tha property.Unless Borrower and Lender have apreed
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<br /> ; otherw ae in writing. Borrower m�y coilect and reta�n the rent�es long as 9orrower fe not In de fau lt. I f Borrow e r d e f a u l t a, L e n d e r,L e n d e r s �
<br /> apent, or e court appointed receiver mAY take possesaion end menege the Froperty and collect the rents. Any rents Lender collecte shell be
<br /> applied first to the costs of man�g�np the property, including court costs and attorneys' foes. commissions to rentai Bge�nts, and any other
<br /> nocessary releted expenaee.The remeining empunt of rents wili then apply to payments on tho ser.ured debt as provided In Covenant 1,
<br /> . . 8,��������r�n�;p�anNd Unk p�y�lopnNnb.Barrower epreee to comply with tM provisfons of any lesse If this dead af trust it on
<br /> under thelcovenanta,bylawsuor repuiations�of thecco daminium or planned uni!davolopmentnt, 8orrower wiil perform ell o} Borrower's duties `
<br /> � 9. Autfialty of L�nd�►to Paform for Borrow�r. If Borrower fafle to pertorm any of Borrowor's dutlea under this deed oT trust, Lender may ==- -
<br /> periorm the dutles or cauae them to be performed. Lender may sign 8orrower's nnma or pay any nmount it neCesaery for performanaa. If any
<br /> , security intereitth the propertytlThis�may Ineiude compteting the c n truebl�e�manner, Lender may do whatever ia necessary to protect Lender's �_
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<br /> '�.� >�, Lender's feiture to perform will not preciude tender fram exercisinp any of Its other rlghts under the law or this deed of trust.
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<br /> } and witt bearsintereit from the dape of the payment untfl pa dtin full at�the�interest�rate In�eNect on the secur d debt unts will be due on demand
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<br /> � 1O. D�f�ult �nd Ace�l�ndon. If Ba►rower faila to make any psyment when due or broake any covenants undar this deed of tru:t or any �_.
<br /> de�mma mmediat paymentand m y invoke�the power of 6ale and any other emedies perm(tYted by�sppllcable lewurity of tho aecured dobt and
<br /> � 11.R�qu�st tor Notic�of D�fwtt.It Ia hereby requeated that copiea of the notices of defauit and aele be sent to each person who ie a perty
<br /> 1 hereto.nt thn addrecs of each auch person,as aet forth herein.
<br /> � 12.Pow�r of SW.If ths Lender Invokea the power of eale,tha Truatee shail tirat record in the oHice of the rogister of deeds of eech county
<br /> wherein ths truat property or some part or parce!thereof is situated a notfce of detault containing ths informatbn requirad by Iaw. The Truatee
<br /> shell slao mafl copies of the notice of defauit to 4ha Borrower, to eech peraon who la a party heroto, and to other peraons a�prescribed by
<br /> applicabls law. Not lesi than one month after the Truatee records the notice of default or two months If the truct property fs not in eny
<br />� , Incorporeted ciri or villape and Is used In farminq operatlons carrled on by the truator,the frustee shelt give public notice of sale to the per�ons
<br /> � c� end In the manner prascribed by apppilcabte law.Trustee,without demand on Borrower,eheli seil the property st public auctlon to the hiphect
<br /> bidder. If required by the Farm Hombstaed Protectfon Aot,Trustee shall oftar the property in two separate oales ae rerevlousb achedcu ed cil e.
<br />�, Tructae may poatpone eale of eil or eny parcel of th0 property by public announcement at the time and place of eny p Y
<br />-� Lendsr or its deslpnes m�y purchase ths property at eny nete.
<br /> Upon recefpt of payment of tho prics bid,Tructee ahell deliver to the purchaear Truetee'a deed conveying the property.The recitl�is contef�ed in
<br /> Tructee'�deed sh�ll be prima facie evidience of the truth of tha statements co�tained therefn,Truate�ohall apply the proeaeds of the cele In the
<br /> �� rsin�t�te ent feei�,lb)to�all sumt�tecu ed by thia�deed of�trustuend lcllthe balance eif eny t�o t e par�ons og�lly entitkC to receive�t,feea snd
<br /> " 13.For�eloHx�.At Lender'e optlon,thia deed of tru�t may be foreclosed in the manner provide by applicabie I�w for foreclosure of mortpapes
<br />-�-�e, , :,' on roal props►ry.
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<br /> 14.insp�atton•Lender mey enter the property to inapect it if Lender givas Borrower notice beforehand. The notice must etate the rsasonahle
<br /> • - aaute for Lender's Inspection.
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<br />� ' - 18,Co�d�mnatlon.Borrower esslg�ns to Lendor the roceeds of any award or ctalm for dama0es conneeted with a condemnation or other tekinp
<br />;- ' •� of�II or any pert of the property.Such proceoda wiP be epplied os provided In Covenent 1.7his cssipnment is�ubject to the terma of eny prior
<br /> � :.{ i sscurity�preement.
<br /> f. - 16.Wafwr. By exerciainp eny remedy avafiable to Lender, Lender doea not pive up eny rights to later uae any other remedy.By not exorcisiny
<br /> sny remedy upon Borrower's default,Lende►does not walve any right to leter consider the event e defauit ff it heppens apain. _
<br />'-"� j ~' 17.JdM�nd S�v�nl L�: CasiyrNrs; Succ�ason �nd As�{pns Bound. AII dutiea u�der this deed of trust are joint and several. Any
<br /> _:_,",�;;n r.;;,;. Borrower who co•sfgns th(s eed of t�uct but does not co•sign the undertyIng debt Instrumentle) doea so only to yrant and convey that
<br />=.r,.�.+a-._:��: .. Borrower's interest in tM property to the Trustee under the term4 of thls deed of trust.In additian,�uch a Borrower apreee that the Lender and
<br /> - -''" '"' sny oth�r Bortower under thls deed of trust may extend, modifv or make any other chanpes In thn terms of this deed of trust or the secured
<br /> •''�� ^"+�'�'���; debt wtthout thet Borrower'e co�aent end wfthout releeatnp thet�orrower from the terma of thla deed of truat.
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<br />=Y� ... � The dutfes end benefits of this deed of trust shalt bind and benefit the euceeesors and assigne of Lender ertd Borrower.
<br /> *' 18.Notie�.Unless otNerwise required by Isw,any notice to Borrower shell be piven by deliverinp it or by meiling it by certified mefl addree:ad to
<br /> Borrower et the prope►ty sddres�or any other addross thst Borrower has yiven to Lender.Borrower w�ll give any notice to Lsnder by certifl�d -
<br /> mall to Lender's address on pape 1 of this deed of truet,or to any other addresc which Lender hes deeiynated,Any other notice to Lendsr sheli
<br /> • bs cent to Lender'e address u atatsd on paye 1 of thia deed of trust. __
<br /> � Any notice shell be deemed to have been given to Borrower or Lender when given In the manner stated ebovo. ___- ""
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<br /> 19.TrMttf�r of th�Pro�wrty or •B�e►�fltiN Int�nst(n th�Bw►owsr.If eii or any part oi the properttr or any interoot in it fa eold or trensferred ` --°
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