|
;`. . . _ ����:F.:. . ... . . -�-
<br /> _. - _ _. . _, ._. .. ' _ . .. . . - . . . . � . . . , . . _ � . _.. _�
<br /> - _ _-. -` •.--- - - �— --- - ��'-'° -- .�. _ _._ . _.� `__ .:�� �.
<br /> _ _. ...
<br /> . .:.-� : .
<br /> 'ro,�Mg 9�- t,i�� r� .� - ,
<br /> � " 1. Payraertts. Bermwer agreea to matce s(1 pay�nents on tt�e seaued debt when due. UNes� Bartower and Lender agreo otharwise, any '
<br /> s,..; : °`�'� paymetrts tender teeeives from Boirower or Tor Barrowefs henefie wili be appliad first tu a�sy amoemis Barrower owes an tha secured deDt ��.
<br /> ° expusive of irterest or principai,second to interest,and the�s tu pm�cipal.{f partial prePayment of tAa setiaed deht ac�ws 4or any reason,it will �
<br /> . ' not reduce ar�cuse any seheduted payment until tAe seeured debt is paid in tull. .,
<br /> � F
<br /> , , 2.Ctakns Agatnat Ti9e.Borrowes witl pay a0 te�ces,assessmerrts:and other sharges attdbutabte to ttte pmperty when due and wiD defend tiUe � ,
<br /> to tAe property ag a(nst any ctaims�vAitA would tmpeir tAe tien of Ws deed ot trust.londar may requirg Honowe►to essign arry rights,dalms or `
<br /> Qefenses wNch Bortower may have egainst partiss who supyfy labar or materiats to improve or mamtam tAa properiy. `•�D - �
<br />, . — . - ��
<br /> , � 3.trisur�ce.Borrower wU keep the property insured unQer terms aGCeptabte to Lertder at Barrowefs expense and tar LenQer's Denefd.Ail -'-.;��;'�_'`t �°
<br /> ` � � � . • insuranee paiiaes shafl irfelude a staadard mortgage dause tn tavor o!i.e�dar.Render will6e named aa toss payee or as the insured on any suds -;.
<br /> � ins�uance poCcy.Arry instaanee proceeds may 6eap ptied,with(n Lenders�screban,to either the restaration or r+epair of the damaged property :"'�;..
<br /> ' .. , or to the secured debt.tf Lender requirea mortgage inauranca.Bortower agrees to maiMatn sueh insurence iqr as long as le�der►equires. • ,
<br /> �_ :J.� 4.Prcperty.Bortower will keep Uss property in good cond'rtfan and maks all repatrs reasonably necessary. f=�'�'-.�::-r..'-:`.
<br /> - - --:�< - ' - - -. .
<br /> —. .. � —.
<br /> .. - � . 5.Erpsases.Bonower agrees tn pay all lender's expensea.incWding reasonabte attomeys'fees.if Barrowet 6reaks amr covenams in tNa deed ... `'
<br /> .t � : � ,,, � owf V�ust ui in any oOLgation sewred by thfs deed oi trust Barrower vn0 pay these amounts to I.ander es provided in Covenant 9 ot this deed of ,�",�-
<br /> �
<br /> 6.P�tos S e�t i t y 6ftereat9.Unless 8ortowet fiBt o6tains Lender's lvritU�n eoaser�Bortower unit not make or g e r m i t an y cnan g es to a i ry priar �`
<br /> - secwity interest9.Borrower w71 perfortn ait of Emrowets abllgaUa��mder airy priar martgage,deed of trust ar cri}�rl,seraaity agreemen� - �
<br /> � � � - , induding Bortowera eovenams w make paymeMS uvhen�e. .
<br /> � �.q�[�ent ot Ra��s miA ProfitQ.Barrawer assigns w les�der th�ra;;�artd profrts of the praDertX, Ness 8orrc§i�and tertdar.it�ve a�eed L��-� `.
<br /> , other►�rsa:"_c.►_r wr�ting,Bortower may i,v�F,2ct and resain the rerrts zS 1�x as 6orrower Is not in de�it Bonower d�fauitst L�-+.,ts4.Lerr�es's f�,�� { ,
<br /> � ` ! egont,cr s�:?uA�pA�ed receivcw�.-,�y;ake passession end m�aRS�- �e Property and coRect tsfrsr�tts.Arry�eh�S Lendar mfriit�is shall ba ��,1� �-;
<br /> �� � aPAlied fr1's4�the ea'1�.� Ot manegt',�,,Ltt+a P�aO�Y.QeetucGrt eeei2 x�s and attomells�fees,r,�mnissions cn rentai er�.,��any other r � � ..
<br /> 'eet g ag .
<br /> ..:;t � necessar�t���a.�.. +s:.Tha.remairtmg amaunt of rend will thas�.�yiy to paymErtts on tt�e secured debt as pcorided in Coven�n 1. '
<br /> . � `-.
<br /> g,LeaaehOtQs;C�?"diucQ9;P(muiod Ucdtt Devetopme�Bortqwe:, ees to oompiy with the pravistons of a�ry faase if this Qeed of uust is an
<br /> �teasehotd di tivs�f�uust is on a u�it in a condommium or.�',�snned uni!davetoprtienL Borrower wiU pertorm sU o!Burtower's duttes. jr
<br /> ��.�� .V� � under the covenarrts.�.tiy-�w3,or regutations ot the condominium cr-�pta�+ed unit devatopmeM. , �`
<br /> r� .f.
<br /> ;�;1,�`�?�. � �� 8.AutRatity of Lartdm to PeKortn tar Barroxrer. [f Borrower fae7s te�pesform arry of Barrower's duties under this deed af uust.Lender may:_ -
<br /> perform:ii�a dutras vr cause tbem to 6e perfiormed.lender may sign Boaowers nams arpa y any amauM if rtecessary tm performarece.If eny� �.
<br /> � . consGu�on an thet�operty is d'iscorrttrwed m�t ca�8d on in a reasonabfe manner,Lender may Qo wha�ver is[secessary to protect Lender'� _-
<br /> � � seeurity i�rest in trie property.This may inelude ca�DaSng the eonstructian. •. - =
<br />_ ' � ' -" - Lenders fa➢hue to peAorm vinll nst predude Lendet trar,tt�eaercising any of its other rights under iAe law or±i�ts.c'F�±ifi;"aust. � , � .. -
<br /> Aay a unts pald by Lender to protect Lenders securi:y.i�tteiest 4u�i i tie seaued,by this daed oF m,tst.S�rch�5:iitts wiD Ee due an demend:``l. ��-��
<br /> r�c tCh
<br /> , and vn�t�ear tnterest trom the date ot the payment urml paiA in fvJ3r a�7he interest rate In ef(ect an tAe secured debt. • —
<br />_ -�Y'_ 10 QofmAt end Aeeeletetton.If Borrower teiis ta�t�ZrrP�y�a'nt when due or 6reaks arty eovenartts under this deed of uus�ar '` ��•, �
<br /> � obiigation secwed bY��s deed of trust ar s �riat��daed of trusi,Lender may accelerate the maturity of the seaued de6t��.%-.. ;�-. s °=
<br /> , . f, „, damartd immedi�payrttent anA may imwke tfi�pc�ar;Ntsa��►�ta^7I oiher remedes pennitted bY spPficabte lauv. �r.
<br /> y� ` y� �t.Re�eat tor MoBco ot IIolatdt.It is hereby reqtix��.��'that c��iras:pf the notFces of defautt and eafa he sent to each person wAo is a parry
<br /> ',c�.t�, �. hereto.at the addresa ot eacA wch parsan,as set forth herein. .� •,.. ,.,:' f � -
<br /> �
<br /> l"`%;��� 12.Paorsr ot Sais.!t the I.ender invu&2s�the power of saie,the f+^cs�tae shall first reaord tn�e ri�lt�ce:�e!the registe�of deed��ead►coumy f _--
<br /> ^,�`�q"��t�c vyheretn the wst propeRy or soma pac¢v parcef ttierea�is situated a ootice of defa�t corttatmrpf,�tw aziarma�Jot�reau�red 6y fa[n:ThQ Trtutea ,
<br /> shali atso mail copies at the aoUce of+defauit to th�e lartower,w each person who is a partyi,t}t;ata;�and tC et�et persons as prescribed by
<br /> , ' ��� � eDDlicabfe taw. Not teas thar►one montl�after th.e.7r.o,x�tee reeoMs the�otice of Qetauit.or tvYC�R:mntSis��s+ praPerx�F is not in arry '�;;--
<br />-, , ineorpotated eity or v�llage and is used(n farmingc�ar�tt ns eartled on by the trustar,the Tn:stee s,'*aA give p�;tkein�i�.�of s��t�the persons , __
<br /> � end in the manrtor presenbed apppl�CaDia taw.Trs�ctge,withaut Qemand on Borrower,shaD�tE4ne� pro �$�stitic zuca"ifq.itz tfie Aighest ,•
<br /> by ye�y i
<br /> � � ,4'���� bfdd�.It repuired by the Farm Homestoad Protectiun AcL Trustee st+ai}oHer the property in cat,�',s�s.�arate safes as requirea t3pr��ie taw. � �-
<br /> f��,� . Trus�:`o3ay postpone sale of alf or a�Qareel oT ths proparty by pi�laTic,announcement at the�.�d plscs of aay pravtou�t� ed saie. - _
<br /> �(,,�,��� y',,� Lend�'�7 ita designea may purchase the prayerty at arry eaie. ,., ;::.;• ,,�,., , ,� _
<br /> �;����� � '� �t Upon receipi of paymem of Me price bid,Truste9 shall deflver to the purcfiaser Tnistee's deed camreying tfie prpperty.The reeitiats containe�ic�.
<br /> � , �•� �� T�ustee's deed sha11 bo pdma tacie evi�ence of the truth of the statemertts oorrtained therein.Trustee shall apply the proceeds of the sate in t�� � _ ---
<br /> ,. .'=T.:���
<br /> , toitowing order. (a) to ali expenses ot th9 eata, lnciud�ng, Gut not fimited to, reasonabfe Trtistae's fees, reasonabie attomays fees ets�1•;'. �':. ,'-' +�
<br /> ,{ �;f ' reinstatement tees;tb)to all cums secured Dy this deed of vusL and�c!the batance,if arty,to the persons(egaRy entitied to receive it. � ' � _7�f�!�`=
<br /> y,t : ' .- t _
<br /> +t'���f,. ; 13.Fotuefosure..11t Lenders aption,this deed of trust may be torectosed in the msrmer provrde RI/��DticaGte taw tor torectosure of mpRgagas � : -
<br /> � �ti��Y+ ��. ,, an real property. :� . �r� r --
<br /> '�'���_s�1� - 1 4.t r�t�a e d o n.L e n d e r m a y e n t e r t h e p r a D e r t y t a i n e p e c t i t i f L e n d e r g i v e s B o r n�w e r n o tl c e 6 e t c s r c��n d:T�a n o t i c e m u s t s t a t e ffi e r e a s a n a E►a ° _
<br />�iru,. : ` r. , � causafar LendeYs inspeCBon. � �r,; . , �.t�Fi�� ..
<br /> � 1. .- : i . ��. � - . -. �( •. -�t... t.J1�f�Y�t`i`'_
<br /> � • �r� � �• 15:ConQemnaUort.Bonower assi s to Lender tleepeaoaeds of arry award or ctaim far dama�ges connected w�s:ra wandemnaUon or other tattrtg� ,,:�.r.:.
<br /> "`'.:' ; of ail or any part of the proOe�tY-�uch proceeda wilf txr apptied es provtded in Covenant 1.ThiB assignmscrt(s sLf.b1ect to the tertns of any prror ,,�.� .: •:r���r.r�.
<br /> .. . . - �' secwity a�eemeM. . ;Yl�t'�,NA�;
<br /> ' ..1�� .S � . � !fN-
<br /> . . . ' � .��'�. �' f-_
<br /> . 16.Waiver.BY exarcising arry remed�avaitaDte to Lender,Lender Eoes n�t give up any�tghts ta.�iaysr use anV other remedy.By not exerdsing_ . .; �,.
<br /> � any remeQy upon BaROwers Qefautt,tender does not waive any�igM to tater consider the everrt e detauit H it happens agaln. �.-�
<br /> . . ,�-._
<br /> . . ��;a.r " . . 17.JoUrt and Severel tlabIIt�y.� Cantgnero:Succezaore and Aastgns BounA. AU trsieg undet this deed of uust are joim and several.An�y. : � . :'.a.-
<br /> ' BonoweT who eo-aigns tAia deed of truat 6ut Cooa not eo-sign the unQeAVirt� Oqk��a�ngr.tts)Qoes so onty to grant and eonvey ch�� .• ." •
<br /> -- �' ` Bortower's interest in the proporry W the T�ustee unQer the tarme of.this deeQ a �1t, t�such a Bartower agreas that the Lender ah ' ���' '�, '. _
<br /> �;� • any oiher Boaowet under this deed ot trust may extend,madi{y cr xra�CQ a�y ctLor�pte�ytrJ��rcrR�rr terms of this deed of Uust or the secured 'r`
<br /> (�twi��, deht ecid�aut that Bonower's consant and without reteeseng that Bonwssr from Sfe Cr�!nea¢t�,tbtfl�;dae3 0!trus�
<br /> ti i � . q�'�'`r�`-.� .
<br /> ti�{�,':i��. ftte ds7ee an0 benefits o!tfiia deed of trust shall bind and 6eneNt the seiccessars�nrY�'�it#s�i,;d`Lender and BoROwer. �a�a�'?',�
<br /> ,.� ,. . •
<br />,�x��,�•,; � � ;.•`�_� �. ; y#W�9ee.Untess otherwise required by law,amj raf�ea to Bortower ahafl be gi�am�avr�tl�'Ivering it or by mailing it by certitted mait aQdressed Lt.� . _
<br /> -° -� • ��; �. . Dar:�wer et the propeRy adQreas or any other addrCS��:at 8onower has ahren�r�:�nssqzr.ccnower witl give any nottee to I.enCer by corafieG . ��T"`""J��=�
<br /> ..;�� • • e:a7�th.:enders eAdress on page 1 0!thia QeeO Of trus4 or to erry other adQress xcu�;•:ik:a�+h�s designated:Any other naUce to lenaer shati � �•:°' -
<br /> ; • � � .'bg�u s�r,��.ender'9 aQdress as etated on page 1 of thie deed of wst , •` `
<br /> ��< � � A1��nsrt�e shal be deemed to ha�a been given to Boaower or Lendar�as�raa ghren in th9 lnen4irJr?zf�tiea above. � �t���tic ,.
<br /> �;,`,t_�` ' ._� . „ . • �� .� t. ' ' E ��1` }�r .
<br /> r �, �y �19.�'i�aca�."er o!tho Proporty ar a Benaflcta)IM�st(e ffie.8arroa�.!!al;1 or a .af.�i li�toR or any lnterest tn it is soid or transfort�Q ... . , ,,,1,Y ` . ,
<br /> a rryp� q�
<br /> wtihnut Lender's priqr vuritten consent, Lendet m�•Aemand Itr,:�aieif�Ca paym2rtG+u°�1tr�,ett�l�tpE�,debt LenQer may atso demand tmmedtdfla ��
<br /> � ���4•''� Qem�aad piayrttentin�ebove BituaUons rf ii is p�i�t��'tp4��V��i�a9 otthe du�e�d'�a uu�nsfened.Howevet. Lendet may hat ./ .. . , .
<br /> • .;�,,... ��:,� . .
<br /> ��'��`'{�`���� ' 20.Qorstrueyaneo.When the a�lig873o�seeured by this Eees al'�u1:st fias been paiA,and Eendar Iras no funher obHgation to maka adionces �
<br /> '�`�����'�f'' under�n Ensuumenta ar agreements:aaayre0 by this deed of m:aa;_tAe Trustee shall,uDon wHri":n tequeat by the Lender,racoavey 4l:e trust �
<br />
|