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<br /> , �. . ��� ;'U�pa�lfr COVENANTB
<br /> 1, P��r�t� Borrower apreea to make etl payments on the eecured debt when due. Unlees Elorrower and Lender egree otherwise, sny
<br /> payments Lender reeefvos from Boriowor or Tor 8orrowor's banofit wflt bo eppIfod tirst to nny amounts Borrower owoa on tho eacurad dobt
<br /> ' exntuetve af interoat or principal,second to IMerest,�nc9 tAen to principat.If peniai prepayment of the a�cured debt occura for any reanon,lt w1i1
<br /> � • not reduee or excuse eny schadulad payment umit Hro secured debi ia paid in Iuli.
<br /> " Y.qdms AQdnft Titl�.8orrower wlil pay all taxea,asaeasmente,end other ehergea ettributable to thepropeny when due and wlll defend tltio
<br /> m the p�operty ag sfnat eny elaima whlcA would imp[dr the Ilen of thts deed of trust.Lender may requlre Borcower to aseign any rl�hte,cfaime or
<br /> , d6tensea wh�c7►Hor�ower may heve agalnst panies who supply labor or materlals to improve ot malntein tAa property.
<br /> 9.Inaurane�. Borcowe�will keep the property Insured under terms aecoptable to Lender at Borrower•e expenae end fot landor'o bonetlt.Ail
<br /> � I�urAnee�paliefea sheli inciuda a etandard mortgege eiauae in fevor of Lender.Lendar wfll bn nAmod aa toes payoo or an tho insurad on nny euch .
<br /> Insurnnce poltey.Any(naurance proceeda mey be epplied,wlthin Lsnder's discreUon,to efther the reatoredon w�epatr of tha damaqed property
<br /> or to the secured debt.lf Lender requirea maKgage insurance.8arcower agreea to matntain such insurance for ee tong as Lender requires.
<br /> 4.Prop�fty.Borrawer wili keep the property in good condhion and make all repairs reasonebiy neeeseery.
<br /> . B.Exp�nsu.Bortower agrees to pey eil Lender's expanaea Enciuding►easonnbie sttorneys'feea,i!8orrowar breaka amr covenanta tn thia deed
<br /> • of trust ar In any obitgatton secured by this deed ot Vust.�arinvwr wtll pay these amounts to Lender as provlded in Covenant 9 of thla deed of
<br /> • wat.
<br /> •• 0.Prla►t3acu�y kKeroots.Uniaaa BarroWar first obtaiv�s lorsdor's uvritton cansent,@orrAwar ani(I so±make a permh any changea to any prlor ,,`.
<br /> eecudty tnterests. Borrower wiU pertorm all of�orro�sver'a obllgedone under any prior rrtor{qsgo,�Qed ot wst ar other eeeurity agreemont, �..
<br /> Inciuding 8onower's eovenents to meke paymort2�wtvan due. n�t
<br /> " � 7.Aoat�M of R�MS and PtoAta.8ottowo�es�igns to Lender the rems and profks of YFie prQporS;y:tlnies�Bonower and Lender have agreed x`
<br /> � : otherwise in wtidng,BoROwer moy co0vet and ►etein the reMa ae lqrtg as 8orcower la not fn me4ew'u.It Bartower defaults,Lender, Lender's �.:"
<br /> • ' egent,o►e court appotnted recoivor may take poaaesston and manege the property and collecc tRe rer.ts. My rents Lender collects ehail be �`u
<br /> i eppiled itrst to the costs of managing the property,inciudin coun costs and attomeys' fees,eur.r�r.Sssions to rental egents, and any other
<br /> necessary reiated expensea.Tho rematning amount of reme wRi then app�y to paymeMe on the�a�CUre9 4eot ae prodded In CoveneM 1. ---
<br /> �' � 8.I.��s�holds•Cmn�niurt►st 1�(�d Untt Deve;mpmq�U.Bonower agrees�o comsSy with the'p�ovtsisns of¢p•iaase If ihis deed of trust fs on
<br /> "' -'`" a leasehoid.l�thia ciae9 of uust Is on a unit h�a ccntilominium or a plenrted urtit d'pvetopmertt,8ottower wii!orartcum ait of 8orrower's dutfes -
<br /> undar the covenants,bylawe,or regutatlons of the�eon�lominfum or plartned urtit daveiopmeM. W�
<br /> �, ��'
<br /> � _'
<br /> " ; 9.d�trthoriyr of L�ndK to P�efotm tor Bnr►ow�r. It Bar►ower taAa to pe�to►m any of Bonower's duttea under this daad o4 trust, Lende�may ..
<br /> � parfopm t�dutiea ot cause them to ba performed,Lender may aign Bonower's name or pay any amour�t if necesaary fcr�rmanca.If any
<br /> h co�str�t�tton on the Droperty is discaT4inued of not cenied on in a reasonabte manner,Lender mey do whetever is necessary m pratect Lemier's �. �_?•
<br /> t security irrtereat in the property.Thia mny inctude tompleUng the eonsuuetfon.
<br /> � lender's failure ta perform wtli not preolude L6iudar fiom exerctsing any of tts other rtghta under the law ar this dsed of uuat. '�`°
<br /> :�, � �,�=--
<br /> Arty amounts paid by Lendor to ptotoct Lender's sacurlty intereat will be seeured by thia deeEk o,f truat.Sueh emounts wtil be due on demand
<br /> and wilt bear interest irom the dete of ihe paymertt until paid in tuli at the iMerest rate in effeet an sh»secursd debt. ���:-Y
<br /> : -�.� �`�a
<br /> ,� ¢ 10. Detcuit and AecN�raUon.If Borcower fol►s to make any paymertt when due or brepics asoy covenente under thia deed of truat ar any �r=�
<br /> obllgaUon seaurod by this deed of trust or any prior mongege or deed ot trust,Lender n►e-�&acel8rate the meturity of the secured debt nnd �- -
<br /> demand immedlete payme�t end mey fnvoke the power of eate a�any other mmedtea permitoett�by eppticebfe lew.
<br /> 11.R�quat tor.Nade�ot O�irdL It ts hereby requea[ed that copiea of the rtoUces of defatrtt$nd eale be serrt to each pereon who is a party `
<br /> . - --_-�-- i�araw.at aro sadresa oi eacn auu�ywevu,ee ewa Qirt'u`�iwivi��. �--
<br /> ..�' � 12.Power oi&t�.If the Lender invokes the power of saie, a9sn Trustee shali first record in the pfRce af Yhe register of deeds of each eowriy
<br /> wha�roin the trust property a some part or peroel thueot Is abEUeted a notiee ot defauk aornalnirtg UsB ieltormetlon raquired by Iaw.The Trustee
<br /> ehqil a}so ms[i copies of tha mtico ot defauk to tAe Bortowrer;to eeah pereon who is a perty fiereto,ertd ro othar pereo�as grescribed by
<br /> �- eppUcable Iaw.Not less than ortq month after tE�e Tsustee recards the notice of defauit o►two months H xhe trust prpperty�a not in any
<br /> �• �? h�cotporeted etty or viilsge snd te uaed in farmin�opere4for��artled on by the trustor,the frustea ahalt give pubtie notios of ealo to the peraona
<br /> and fn the maruier prosaibed bY appptlaebte lawp.�Tnist�e,w:thout damend on Borcowerr,t yehallt ye,relt tfiapro perry at publfa auctton to the hiphest
<br /> ,.'. fiisiee�m��posdtpone�aate ot a�o�r anyap r�cet of tla property 6y pvb ie announcem*eM af Ure�dme and pi�aceaot y rproviously sr.pi,eau ea o:e.
<br /> � Lender or ite deaignee mey purchase the property at eny aeie. .
<br /> Upon rece(ot of paYment of the pNce bid,Tnratee shall dellve�to the purchaser Truatee's deed conveyiny tha property.The�eckiaia contained in
<br /> Ttustee's deed shali be prima tacla evldienee of the truth of the etetemerrcs contained thereln.t�ustee sheli appty the proceeds of the sale in the
<br /> • toltowFr� ader: (B) to sli expensos af the eale,Inctuding, but rtot Iim(ted to, reasonable T►ustee's feea,reasonabie attomey's fees and
<br /> . retnstetemeM tees;lb)to aD sums eacured by ffiis deed ot trust,end(o)the batance;if any,to the persons legeNy entitted to�eceive it.
<br /> .,
<br /> V , 19.Fondown.At londeYs option,thia deed of truet mey be toreciosed In the menner provide by epplicabte law for tareclosure of mortgagoa
<br /> on rosi property
<br /> --� 14.t LeMer mey eMer the property to Inspect ft if Lender gives Borcower noUce beforehand.The notice must stete the reeaonable
<br /> . ..:,.. .,. � ceuse r Lender's inspection.
<br /> - • „ 16.Cond�rmatloa.8uttower aseign�s to Lander eCUeproceeds of eny award or etalm far dema9 es eonneeted wlth e eondemnation or other taktng
<br /> of eli or any part of the property.Such proceeds wtlN be appfisd es provided in CoveneM 1.Thls assignme�ia suOJeat to the tem►s W any prior -
<br /> securtN a�eemaM.
<br /> -- 18.YYa[vsr.By ezcrdatrtg eny remedv avaUabte to lertder,Lender does not ghre up any rtghts to later uae an1r oMer remedy.By rtot exercistng - _
<br /> ' any remedy upon Bonower's defauft,Lender does not watve any rlgM to Iater consfder the eveM a defauft If jt happe�again. °_-
<br /> - � 17.JatM md 8�vKat Wbpiri;Coetyn�s Suac�uon�nd Awipns Bound. AII dutiea under thia deed of trust are Jofnt and severet. Any �'�
<br /> _ ' � Borcower who castpns this deed of trust but doea r►ot co-sipn the underivinq debt insuumeM(t) does so oniy to prant and convey tnat --
<br /> '.,,� Borrower'a interost(n the property to th�Trustee wbe�the terms of this deed of truat.In additlon,such e Barrower agrees that the Lerxler encl __
<br /> any other Bonowar under thia deed of truat may eztersd,modity or make ar►y o1rQr ehangea Fn the terma of this deed of truat or the seeured
<br /> .. . � debt wkhout thet Borrower'a consent and wfd�out reieasingl�8onower fiom iha terms of thia deed of trust.
<br /> _ , � � The dutFea and beneftta of thia dead of trust aha0 bind and bs�oftt ttse steccessors end assigna of Lende�and BoROwet.
<br /> _ � " t8.Notic�.Unteas othervviae requtred by lew,eny rqUee to Batrower shati be given by deUvedng it or by maflinp it by certlHed matl addresaed to
<br /> Bortower at the prqperty addreas or arry othcu eddreas that Borrower has Biven io Lender.BoROwer wiil give any noUce to Lender by cerdfled
<br /> ;��� meil to Lender's addreas on page i of this deod of mist,a to am other nddresa which lender has designa3�d.Any other noUee to Lender ShaA �-
<br /> - ,.���i;;;�� be sent to Londer's eddroas as Mated on pege 1 ot thls daed o4 vust.
<br />— ,��,� --
<br /> - �•t r.<��;= , Any nottce ehatl be deemed to heva been gtven to Borrowor or tender whan given in the manner emted ebove. `.
<br /> _ .�.�•3<„�.. _
<br /> �!.'�',.:'' , 18.TnrtsfK of th�Proparty or�Bsnofleial IM�rest tn the Bortower.If alt or an rty
<br /> � .}�t, y part of the pmpe or any hte�est in tt is sold or transferted �s�.:
<br /> :1i.<<!, �•,; without LendePa priw written eonsenL Leruler may dema�ld fmmediate paymorK of the secured debt.Leeder may atso demartd Immedtate
<br /> demand peymeM In thwe abovo akuationer If k�fa�prot�d by�f��el IaMw e�s of the�d�of tWheis deed�of o�nsferced.However, lender mey not '-'>'
<br /> i �:�
<br /> � 20.R�eomraysnc�.Whon the obifgation seeutod by this deed of trust hes been paid and Lender has eo further obiigallon w make advarscea -
<br /> - undpeer the tnsuumente or agreemorns secured by tNs deed of trust,the Trustee shai�upon written�equest br the Lender,recanvey the trust
<br /> - � obi g( otion o ae�d�a�HedBBorcowereshell payeem w�eaordepvn8�r�owar'�successor in tntereat, tAe wst deed arsd the note ar other avtdertca of the
<br /> `- "- - - � 21, Sueasstor Tnntw. Lortder, at LentleYs op4ion, mey remove Trustee and appoint a euccessor trus3ee by flrst, mailfng a copy of the �
<br /> -, aubstitutEon of trus r�py( �y apptietihto new,and then,by filing the substitutton M t►uatee for reeorn in the afftce of the register of dectds
<br /> of each county tn�ch�tfie�property,or soaee part the�e�f,is sftuated.The ouccessor trustee,witRout wnveyance of the property,ahall
<br /> - • t aueceed to e!t the power,duttos,euthority and dtig ot the Trustee nomed in the deed of trust and ot any sueceasor truateo.
<br /> Ipags 2 oI�
<br /> siw�e+s svsra+�s.wc..sr.uouo.�w ssso�n�aoo�ae�•:s�nroa�acP.Mm+�e enera�
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