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<br /> COVENANT8 QQ '] ''�j i
<br /> _ 1. Pay�b. BortowQt �gte�s to msks ali p�ymente on tho secured debt when duo. Unleas 8orrower and V ae►��lF�dt'hd1�11� a�r
<br /> ppYments Lendor recpiws from 8mrowot ui iui aoarow6t'6`vG�te�Nt wlii Gn n{1p116d fliot [4 any amounte Borrowor owoe on tho dacurod tlabt —"
<br /> oxoluaive ot intereat or prinoipel,tecond to interost, end thon to prinotpai.If parUat prepayment of the secured dobt oacure tor any roason,It wlll •
<br /> not roduee or oxcueP aa�r.ich�d�dpaym4M 4ft�tih�'e�aured debt Ia pald In fult.
<br /> .1 U�6�a.
<br /> 2.Gtlms AQ�imt J:'8orrower �piH ail taxeb, eael&amo�ta,and other ohergos atvibutablo to tha propeny whon duo and wltl dafend title
<br /> to the proparri epei ot e1�ri Cl�ime�tah would impair the Ilen of thls deed o4 truat.Lender may requUe Barowor to asoign any rfghts,cialma or
<br /> defon�ei whloh Ho wet�inbY 4�eve �einet partiea who�upply Iebor or meteriaie to Improve or malntain the prope►ry.
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<br /> ' 9.Infurallo�. Borrowo►wilt kaep the property tnsured under terma uaceptabie to Lender at 8onower's expenae and for Lender's benefit. Att
<br /> ' InsurRnes pailotes eh�Ii Inelude a etendard mortpepe cbuse In tavor af Lender.Lender wili be named ea loae peyee or as the inaured on eny sueh
<br /> inourance po�lay.Any lneurance procoeda ma�r be appded,within Lendor'o diseretton,to either the restoratbn ar�epoit of the damapad prope►ry �
<br /> } or to the sscurod doh4.it Londor raqukoo mortgogo Inawonco,8orror�or ogroou to motntain such in�uronco tor ao long ao Londor roquiroa.
<br /> � �? �.P�op�riy.Borrower will keep the property in good condhton and meke eli repairs reasonably neeeoeary. r.�
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<br /> • �16M' 8 6xpmta.Bortowet egreos to pey al�Lender'e expenses irtciuding�easonabie attorneys'fees,if Borrower breaka any covenents in this deed
<br /> o�truet ot In eny obltpaUOn eeaured by thls deed af truat. �orrower wilt pey these amounta to Lender as provided in Covenant 9 ot this deed ot
<br /> ttuet.
<br /> � 6.Prfa 8�cutHy IM�rests.Unleso 8ortowe►first obteina Lender's written consent,Bovower wlll not make or permk eny changes to any prtor __
<br /> eeeuQty interests.Banower w1li pe►torm ail of Borrower's obllgations under any prlar mortgege, deed ot uuat or other security egreemeM,
<br /> Inctuding Borrower's coveoants to make paymeme when due.
<br /> � 7.Asat�nmuit of R�Ms and Pro}!b.8orcower assigns m Lender the renta and proflts ot the property.Uniess Borcower and Lender have agreed -
<br /> othenrCse in wrkinp, 8orrowor may eolleat and reteln the rents es tong as Bonower is not in deTauR. If Bortower defautts, lander, Lender's
<br /> apeM,or a court appolMed teeelvet may take possession and manage the propercy and collect the rente. Any rer�ta Lender coliecte ehali be ----
<br /> ` applled ffrst to tho eotta of managing the property,Inctudln8 court eosts and attarc�sys' teea, eammieab�s to reMei a9eMe, and any other "-
<br /> �feceaeary roiated expenses.The remelning amount of rents wili then appty to payme�ns on the secured de6t as provided!n Covanant t.
<br /> ` 8.L�st�flWds•Condominlumsi Pla+nsd Unit Owoloptnmts.Botrower agrees to comp!y with the provisions of eny iease if thts deed of trust is on
<br /> :4•� a tenaehoid.If thie deed ot trust it on a unit in a condomiNum or a planned unk deveiopmam,Bortower wil►perform a�l of 8onower's dutiea _
<br /> ,4�t under the covenente,bytawe,or roguimtlons of tha condominium or plannad unR devetopmortt. ,,
<br /> �; pg�erfAorm�tlu�d�utte�a o�rca�use�m to��wirt�i�df kndei�mey s(pnBorrow�ers name ornpowyeeny ar�irount it necme�asary torpa��anceetf am
<br />- construotlon on the praperty is discontinued or not aettied on in a reesonabio mannar.�ender may do whatever is necessary to proteas Lender's ---
<br /> o � sseurity interest In the property.This may inct�cde compieting the construatEon. �': "-
<br /> Lendcr's feilure to pertorm wil!not proCiude Lendet from exerais(ng any of ita other rights under the Inw or thia deed of trust. �[
<br /> • Any emaunts patd by Lender to protect Lender's escuriq/intarest will be seeured by thia deed of uust. Such amouMa wilt 6e due on demared �t,__--
<br /> �� and will bear irrtetest irom the date ot the payment uMil paid in futl at the iMarest rate in etfeot on the secured dabt.
<br /> 10. Oefwt!arW AeaNaatlon. if 8orrower teila to make any payment when due or breaks eny eovener►ta under this deed of trust or any ��
<br /> � obtigadan secured by this deod of vust or any prEor mortgape or deed of truet, Lender ma�ya�cceterate the maturity of the secured debt and
<br /> demand immediate payme�►t and mey irnoke the power of sa►e and any other remedfes permitted by epplioabto Iew. "
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<br /> =•� • 11.RaQuest tor Notic�of O�fauit.h is hereby requeated thet copies of the noUces of detauR and eaie be sent to eaoh peraon who is a party ===-
<br /> hereto,at the eddress of each such pereon,ae set forth herein. ��'
<br /> 12.Pow�r of S�M.If tAe lender tmokas the power of sale,the T�ustee sheti flrst record in the office of the register of deeda of eech eounty
<br />- � �, wheroin the trust propatty or some part or parcel ihereof ia skuated a noUce of defauk conteining the tMormatbn requtred by law.The Trustee
<br /> eheii al�o mail eoplas of ihe notice of detauft to t4na Bottower,W eaah pereon who is a perty heteto, and M other perso�s as p�espibed by � -
<br /> .,�:y,,w appltceble law. Not lesa than one moMt�atter tha Trustee recorde the noUce of defauk or two monU�s if the trust properiy is rmt(n any
<br /> . inwrporaud city ar villsge and ts used in farmfng oRaradons aarrfed on bY a►e trustor,the froatee 8hell eive pubita notiee ot eate to the peraona
<br />" and In ths manner preaaribed bY�eppplloabie law.T►uetea,without demand on Borrower,shaU soll the proper�y at pub8a auctton to the hiyhest
<br /> � bidder.it required by the Farm Homeatead ProteaUon Aat,Truatee ehaQ offer the property tn two soparete Bafes ea required by eppliosbla law.
<br /> l Trustee may postpone sale of aIi or any parcei of the property by pubtic nnnouncement at the t(me and plece of eny prevEousi�soheduled eaie.
<br />-- Lender ar ite designae�ay purcha�the ptoperty st any sale.
<br /> - �• •w Upon receipt ot paYm eat of the pdee btd,Truatee ahaN detiver to the purohasa Truatee's deed oonveylng the property.The reeiHats contatnad In
<br />_.. Trustee's deed shall be prima facie evtdience of the truth of the atatemeMS contatned therefn.Trustee sheA apply the proeeeda of the sate in the
<br /> � foilowing order: (a} to ali expenses ot the sate, ineiuding, but not Iimked to, reasonabie Truatee's fees, reasonable attaatey's fees and
<br />-�'"'^�'� � �,s� minstetemeM teea;(b)to aIi sume secured by thts deed of uust,aM tc)the baiance,if any,to the persons bgally eMitled to recefvt►k.
<br /> ;�r " 19.Faedown.At Lender'a optbn,this deed o!m�st mey be foreciosed in the manner provtde by appticabte�ew for fareclosure ot mortgagas
<br /> ' i,,.,�. on�oal properiy.
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<br /> a'�t"�°-: 14. Lender may enter the propeny to inspeet k H lender gives Bo►rower nottce beforehand.The notiae must state the reasonabte
<br />--�x�� � cause r lendor's inspeatton. —
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