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<br /> COYENANTB ' Q� '1���� � "
<br /> Borrowet egreen to m�ke dl peymente on the aoeured de6t whon dua. Unioae Borrowor n�l +ea der aflreo othorwfao enV ° .
<br /> 1. P�ytrnnt�. ,
<br /> paymenta Lendar mcclvoa from 6orrower or �or Borrower'a bonafit wlil 6e epplied first to eny errtaunto 8orrower owss on the sacur�d deht
<br /> oxelusive ot Intarest ov principal,second to interest,and then to prtnGpal.�t Pnrtlat propaymont ot tho aeeurcd dobt occurs tor any roaao�.It witl
<br /> not reduce or excuae any echndutnd paymont unUl tho aeeurod debt le Daid in tull.
<br /> Z.C1a(ms Apalnst Ti e�1MOr.wW peY�ep taxea,�t�ash �ien�ot thif deed of truate Lend�er�m yi oQuhe Boirov er1to aes pn any r s�hta.�c/aima�tef �.
<br /> to the propenv egain a �aims w (d��{O��AA1 pp�y�apor ar mneriab to improve or molntdn ths property. •, ;
<br /> defenses whlch Borro e� V���������;�t{1
<br /> 3.Inwtanc�.Borrow 9nsurnu'n�der terma eecapmhta to Londer at Borrower'a exponao and tor Londo�'s bonetit.Alt
<br /> Insurance po�ioyBMY,��surence proceeda mart6ege pitad�within Lendere'adisc�redon two��ether the�estorstloA��8�aB8ot�th�damaged property
<br /> r Y
<br /> • � or w the eecured dobt.If Londer�equirea mortgs6e Pnsurenee,Borrowu agreee to meintaln s�ech Inauranco tor a�fossy as�nder ret�uirea.
<br /> � 4,propsrty.Bonower wili kea0�e property in 9ood condiUon and meke alt rapafrs renaonsbly a8eeasary. �_
<br /> ��� of u�ust or in any obllgatlon seairedyby�thls deeed of�uust��o�nower�wll/P Y n+ese emou e tf o Lender�es provlded kn Co�r�ntnt 9 0�d�ie deed of .-
<br /> . 1
<br />- n uus�. �.--
<br /> � ?� 8.Prtor Saaurth lettu�•Unies�Borcower fust obtefns Londer's written eonsent,Bonowar will not make ar permft any ehenpes to eny prto� u;
<br /> ��` includi^B�Barrower's�covenan�it make payment$whenedue.b��e��� ��er any prtot moKgega• deed of trust or other aecuflty Bgreem�nL ��
<br /> �.,
<br /> y,q�{Qnme�o}qe��nd Protite.Bonower assf8ns to Lender the renta and proHte of the propertY.UMess Bottower artd tander hav�nde*e �
<br /> otharwise In vrrktng,Bonower may colleat and retatn the renta as bng as Bm�ower is not in dafault. It Borrower defautte, Lander. _.
<br /> 8 em,m e court appointod receiver may take possesston and mane9e tha property and col�ea the roM6o�n�prr,n`��en��and ne y o�tt�r
<br />- �h tt�plled&st to the coete of managing the DroCenY• includtng eourt costs and attornays'fees,commissi E �L
<br /> �.=i neceaeary reiated expenses.The�emaining amount ot reMS will then apply to paYments on the seeured debt ea ptwvided in Govenant 1.
<br />- 8.lmas�ddr Comle+ntntums•Wannad Udt D�v�lopmr�.�rrowar egrees m compty wiU�the Provt..lona of enp leaea if�desd oNeufusstd�s�� _-
<br /> e�opsehold,I�tfiis deed of uuat ts on a unit in a eondomintum or e p!
<br /> anned unit davatopmerrt�
<br /> Bottower will perfom►e t p}Ba
<br /> und6r the covenar�,by-Iews,or regulations of ttse condominium or pl�nned unk devetoDmeM.
<br /> 9.Audwrtt�l of L�nd�r to P�rtortn to*Bar►ows�•�f Borrower fails to peNarm any of 9orrowe�'s 8m�e����d���rto men�e�t a�y �__
<br /> pertorm the duttas ar cause them w be parformed.Lender nnay si6e BonowePs aeme or peY nnY eot Lender'e '-
<br /> LAntlzr may do WhetiyYa'ir�coacassarl��P�
<br /> eflt�atruo8on on the properq►la diseontinued or Rot cartied on in a ro�svnaDl�man�r. _
<br /> security Irrcerest in the property.Thla may ineiude compla8n8 tha const,ructlor• n
<br /> " ' lo�der'a feilure to pertotm will rtot prACiude Lender from exerctsing enY of+ts o�QT^ti�und°'���"�°r this deed oi VuaL
<br /> . , • and w U b�ar Imeiresi trom the dat�e of tl�ie paYma�ur�itfl paid�in f�iafl e�t tR+a i Re��raate in3efTeol�en the sec$red dobt urrcs w:�ba due on demand =-
<br /> 10. O�twlt�nd Aearxa4fon•�f Borrowar falta to muke eny paymorn a�en due or lueaks am►covenasYts under thts dasd of uuat o* enV __
<br /> demand Immed ate pe mient a d mey nvoke th0�we ot��e und a�Y�e'j're edteSpeTmeitted by appticab emta�w���e secwed debt and
<br /> t�i oals b:s�sst La sach�wRnn who is a panY
<br />'. - . 11.R�qwst fo�Notie�of Osiautt.h ia hereby.requeated thaY eoDb�ot the noricas oi deim,�;.s -
<br />� r� hereto.at the address ot eseh 6uch perean,as set.torth herein.
<br />-��,,, ::- - 1�.PowK at.Sai�.it the f.e�Yde►.Invokea t�e,powet of sal9•the T�us�ee shd11 fi�at teeord in the oifice of the teplatar of deeds ot eaeh county
<br />_ � t wherei�the truat a�openN'_or eomo pan or parcet thereo4 is aituated e �oUae of detauft aonteinln�e etoi�nd��eQupercon�a es� e�s«ibad bY
<br /> J �hall•a�eo mait copiea•ot the aotice af default u the Borrower, to each person who ta a1�p,erty s not tn amr
<br /> ':.�:`":}x•��- .Inco��eted eity or w�ae a a°e�ed�n farming oep er�ons erearr�ted on Y�e vu�sftoie�e Truste�o ehnll gNa pubtio ������le�io the persom
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<br /> �"� F"-f'!:•� und iq the m�nner preaallaed bY�aDPAltcebie Iaw.Trustea,withoutdamand on Borrower.s1wi1 aoli tha prope et publio auction to the hip
<br />�,,;,,h:.�,,,,�� btdda►.If raQUired bY�e Farm tiomestead Protection Aat,T�b�°bAo ennoun�mBM et th9 tlme ar�id�p a��s eny�p�revlo�ustyviehped�utyed saie.
<br /> ?'''" , Trustee may poatpone sete ot atl or amr parcn of the p�ope*tY Y W
<br /> ;�°^'!"� Lender or ite deaignes may Purchnae the P�Ds�Y et any sale.
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<br />'•'`�y""� lfyon roceipt of peYmorrt of the pdce bld,Trustee s1u��deliver to the purchaser Trustee's deed conveying the property.Tha roctUats cortefnad in
<br />�'+�i��'� Truetee's deed shsll be Drima facle avidience of the uuth f the ateter�eMa contained therein.Truatee shaQ apply tl►e proeeeds of ths sats in tM
<br />:�'ky�_�; ::tqltowirg order: (e) to ail expenaes of the sele. inciud�. but not Iimited to, reasonabl0 Truatee's feea, reaaonable ettome�s fees and
<br />�_ :reinstetemeM feea:lb)to atl suma secured by thla daed of,Vust. and t�1 tl►e ba�ance.ff arry.to the pereons Iegalty ernitted to�eceWs k.
<br /> a�,,,�},�}� 13,Fonetoiun.At Lender's option,tNe deed of trust mey be torecloaed in tho manner provide by epplicabte Iaw for foroctosuro of mortgsqes
<br />_��,� on roat propeny.
<br />_-�.��� t4.Insp�atlon.Lendet may eMer tha properlY to inspect it if Lerdar 6��eB BoROWer noUce beforehand.The notlee must atate the reasont+bls
<br />-_—_�._.� eause for Lender's inspaecfon.
<br />_�;� �6,Cond�nadon.Bonowor esel8ns to Lendar the proceeds of anY awazd or ciatm for demages conneated N'ith e wndamnotlon or other tehing
<br />�,�. ot all m sny part of the Ptoparty.Sueh proceeda wUi be apqltad ea provtded in Covenar►t 1.Thiu aastgnmeM is eubjeat to tlw terma of emr prlor
<br /> secutity agreemem.
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<br /> .��� �g,W�tvar.By exercising any•remedY availabla to Lender.Lenderdoee not glva up any�ights to later use any other remady.By na exerua�ne
<br /> _"��- - any remedy upon Borrower s deteuit,lender does not waivo any riAht to�atar considar the evem a defauh it it happans apein.
<br />°'�=���'� AI�dutles under this deed of vust are Jotrre and severet. Any
<br /> --'`." 17.JaMt and S�v�i�y Co-�+��s Suce�sson end Aul�s Boundr1.yi
<br />- ---� 80 ow�i IfiMer�in the proAe�'H to tl�e T aue u�nder�tlre teB��ir9ii of thts deed of�at�.In ed it�ton�aucdl+�a Boowe�i agroea thet�e�l.ennder e��id -
<br />-:.�,,,�,_a,�,� tjie temu ot this deed of tru0t ot the ascured
<br /> anY other Borrowet under this dead of trust meY excend�m°dj a make any other changes in
<br /> -_----�•;%�i debi without that Bortower'a consent and without►eleasing that�ower trom the temta ef tl►is deed of trust.
<br /> :-.�.-.:��sa , �
<br /> _���-`�� The dutlea and beneflte ot this dead at trust shail bInd nnd beneflt tho suceessere and nsatpns of Lender nnd Borrowor.
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<br /> °:�.'_ 18.Notic�.Unleas otBervr�se roquired by taw,eny�otice to Borrowe►she��be 9�van by detivnrinp k or by matUng k by cerdfled mNi addross to
<br />-- ��i�t Borrower et the prope�ty�ddreae or any other eddresa that 8o�►�er�given to lender.Bottower wilt give arry nottcx to Ler+der by eerdfled
<br />_'_`""...",: , ma11 to Liender's address an poge 1 ot thts deed ot trust,or to am/other adJross whiah Lemler hsa designated.My otl�ar notice to lsr�der ehaA `
<br />-�':4- : ` : pe sent tc lender's addresa as atated on page 1 of t�s deed of wst.
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<br />_ /►ny�ro8ce ahaD be deemed to have been eiven to 8ortower or 1.eeder when given in the menner steLed above.
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<br /> 19.Tnnst�r of tM ProW�tY or�Bs���°w�����'�t ell or any part oi the properly or efir irnatoat in k is sotd or tronaferted
<br /> witheut (ender'e prior written conseM. Lender�naY d°�T�end �mmedtete paytnent of the seeured debt.Lender moy etao de��rm m��z
<br /> demand paYrt►eM In the esava situeU�ona�if k�iseprohih�bV�edaei lawres of the da e of t�h aS deed�of�bvst�Red.Howover,
<br />_ _ .`�'♦ 20.pwonvapnc�.When the oWigatlon cecured by this deed of trust haa been patd and lende►has no furthor obfigetia�n to make edvancee -
<br /> _�t•� under the insuumente or agreemertta secured by thW deed of Uust. the Trusten shat�upon wtltten►e4uest b�I the�e"Oe�•�emnva��1��
<br />-i•�� �.�.�onv_Tna Isnder shaU Celivar to the Bortowar,or to Bortowafs succeasor In Ir►tereat,the trust doed and tno note or other ovtdenoo ot tho
<br /> .h�.`�?'-• ,�� obligatton so setfsfied.Barrower snan PaN e�Y recordao�.:+�.:�.
<br /> - �:,`i"' ' �� 21. Sucessso►7� ry�t{���e optton, ma remove T�at�se ar+d aPAoIM a suaeasor truatee bY�4�Itng a eoyy ot�o
<br /> o eee�h cou��itfy in whidi�ths trust Pr Dephi.or�some���art thereot,fis eitu�ate�d.�he�su�aaor uust e wi�thout vron��no�o of�oBproPanY.d��
<br /> ,, suaeeed to atl the power,dutlt»,authority and UUe of the 7rustee namad in the deed ot trust end ot amr suecessw trustee.
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