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<br /> COVENANTIi e��
<br /> 1. Paym�nta. Borrow�r �pre�s to mtke tll p�ym�nts on tM s�cund d�bt when du�. Unlei� Borrow� �nd L�ir apr e��rwiu, any
<br /> excluilvi of Intere�t ot prtnctpil iecond tonte�eit�end then t�o princlpU. 1�}piptlall prelp yment of the secured�debt cccuee for eny re�i,p�d�debi
<br /> not reduc�or excute sny echeduled p�yrnent untll tha�scurad debt t�p�ld In futl.
<br /> 2.CINm�Apalnst TMri.boriaNry; Ryr,�l�ii�s;� tment�, �nd other chsrp���tt�lbutabl�to tM propsrty when dus�nd wlll d�Und tltl�
<br /> to th�prop�rty apalr y cf�lrti �� yoy{d,y►��dr t II��of thl�d��d ol trwt. 4�nd�r m�y nquln Barraw�r to n�l�n�ny rlpht�,cl�lmi nr
<br /> d�f�ns�s whioh 9orr w�r maY h�ve ihRSt{f�ttlYf.-�v�� upply labor or m�twlats to Improw ar m�Intaln th�proputv.
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<br /> 3. Iruunnc�. Borro�yiL. tfw�KeMrly In�ureA sr term�eccspt�bls to Lendsr�t Borrower's expam���d for L�nd�r'� bmoflt. All
<br /> Usuranc�pollcl�s�hell Includ��st�ndud mortp�p�cl�uu In f�vor o}Undw.L�nds►wlll b�n�med n lou payo��r a�tha Imured on�ny such
<br /> Insuranc�polley.Any Inaurancs procNds m�y bs spplkd,wlthln L�ndn'� dlto►atlon,to�Ith�r th�nstnntlon o►npal►of th�d�map�d prop�ny
<br /> or to the cecured debt.If Lender requlna mortg�ps Imuranes,Barrowsr�arn�to m�lntaln tuch Insurancs tor as Ior.p�s Lender requlre�.
<br /> 4.Propwty.Borrowsr wlll ke�p the praperty In Qaod candltbn�nd m�k�all upaln rs�ion�bly n�cssnry. �
<br /> 6.Exp�mn.Borrower apresa to psy�II Lendsr't expense� Includlnp re�aoMbte�ttorneyi'fae�,If Borrowar bre�k�any covenents In thl�deed
<br /> of trust or In any obllpatlon sscured bythl�deed of trust.�o►rower wlll paythete�mountt to Lender aa provlded In Coven�nt 9 ot thia d�ed of
<br /> tru�t.
<br /> 6. Prla 8�ew(ty kne�sts.Unless Borrower ft��t obtalns lender'e wrltten consent, Borrower wlll not mako or permlt any chanpe�to�ny prlor
<br /> :ecurlty Inten�ts. Borrower will perfarm eN of Borrower's obllp�tlons under any prlor mortpape, deed of truat or othe►eecurlty apreement,
<br /> IncludtnQ Borrower's covenents to mak�payment�when due.
<br /> 7.M�Ipnn�of Rw►ts�nd Prolks. Barower atslpm to Under ths rsnts and proflt�of the property.Unle�s Borrower and Unde►have�prs�d
<br /> otherw s�e In writtnp, Borrower may cdlect and retaln the rents as lonp e�Borrowar is rat In default. If Borrower default�, Lender, Lsnd�r's
<br /> �Qent, ar a couit appolnt�d recelvor m�y t�ka po�sesalon end menay�the property�nd colleot the rsnt�. Any rent�Lender colleats shall 6e
<br /> applled firit to ttw costa of mana�inp the property, Includtnft court coet��nd �ttorneys'feei, commis�lons to rent�l a0ent�, end eny othar
<br /> nece�aery relatbd expenaei.The rsmelNng emount of rentt w I then apply to payment�on the secured debt ea provided In Covenent 1.
<br /> t.L�a�holds Condomidumst Pl�nrnd Unit pswloprtMnt�.Borcower aprsss to comply w(th ths provl�lons of�ny Nes�If thls de�d of trwt Is on
<br /> s Ia�shoW. I�thl�d�ed of truit Is on� unit in� condominlum or a pl�nned unit dswlopmsnt,Bo►row�t wlll peHorm�II ot Borrowar'a dutte�
<br /> und�r tl»covsnsnts,byIawa,w�epul�tlont of ths Gondominium or planned unit d�vslapment.
<br /> 9. Authwity of L�nd�r to Paform fa Sortowe. If Borrowsr fall� to perform any of Borrower's dutl�s under thls deed of trust, Lender m�y
<br /> co ttructbn on�tha tr�aauss thsm to be psrformsd. Lendnr may slpn 8orrower'�nam�or pey my�mount If neaas�ry for performa�c�.If sny
<br /> •ecurlty Intersst In the p or pertytlThlanm,y�nclude completlnp the conttruat�mannsr,Land�r m�y do whateNer ii n�cettary to protact L�nder'�
<br /> Lender's fNlure to perform wlll not preelude Lender trom exerclsing any of it�other riphts undsr the law or thls deed of truat.
<br /> Any amounta pald by Lender to protect Lender's securtty Intereat wlll be eecured by thle deed of trust. Suoh emounte wlll be due on demand
<br /> and will be�r Interest from the date of the p�ym�nt untll pald in tull at th�intWeat nte In sffeat on ths secured debt.
<br /> 10. D�f�ult �nd AccN�ratlon. If Borrower(aili to meke any payment when due or breaks �ny covenants under thls deed of trust or �ny
<br /> ob8yatton eecured by thli deed of tru�t or eny prlor mortpsge or dsed of uust,Lender may accelerate the maturlty of ths secured debt and
<br /> demand Immndlate payment end may Invoke the power of ale and a�y othar remedles pe►mltted by sppltoabte law.
<br /> 11.R�qw�t ta Notic�ef D�fMilt.It It hereby nqusttsd that copies of the notices of default and sat�bs��nt to each person who I�a p�►ty
<br /> hereto,at the addrea�of aach auch per�on,aa s�t forth herein.
<br /> 12.Vnw�r o!Sal�.If ths lwrui�r Inv�toa tlu��wwr qf aAl�, th�Tn�Rtw�sl�all}��et tam����the QNlCC of the ltpletit 0!dttds at sach coutiiyt ,
<br /> where(n ths trust propsrty or som�pxt or p�rcel thereof It situated a nottce of default conta(nlno ths Infarm�tlon►equlred by law.Ths Trustss
<br /> thall also mall cople�of ths notice of default to the Borrower,to each penon who U e party hersto, end to other psrsons as prsscrlbed b
<br /> �ppllc�bl�Iaw. Not Isss th�n one month �ftsr the Truetee records the notloe of def�ult,ar two monthi If the trust proparty I� not In �ny
<br /> Incorporated clty or vlllape�nd Is used fn tarminp opentfom cirrlsd on by the t�uator,the Trustee shell ptvs publlo notic�ot aals to ths psrso��
<br /> snd In ths manner prescrihed by�appplkable law.Truitee,without drmind on 8orrower, �hell selt the prop�rty at publlc suotlon to the hlphsst
<br /> 6idQ�r. If required by ths Farm Homettead Prot�atioii Aat,Truites shall oHer the property In two separate sales�s requlred by applic�bl�law.
<br /> Tru�tee m�y pastpone sale of alI or any paresl of ths property by publlc anrwuncament at the tlme and pl�cs of eny prevlously sch�duNd s�le.
<br /> Lend�r or(ts detlqnee may purcha�e the property at eny eale.
<br /> Upon r�cdpt of paymant ot tl�e prtcs bld. Truatee shall deAver to the purchetK Trustes's de�d eonvsylnp ths property.Th�rtcltlal�contalrnd in
<br /> Tru�tns's tleed shall M prlma facU�vldlsnc�ot tha truth of the st�tements contalnsd thersln.Trustee shall apply the proceeds of the sala In th�
<br /> (ollowlnp order: (a) to aIl expenass of the sele, Includlnp, but not Ilmited to, rsatonebls Trustee's feeR, rs�eonable �ttornsy's ts�s ind
<br /> retnatstement fees;(b)to ell sume�ocwed by thl�deed of trust,end(o)the b�lance,If any,to the persons lepally entltled to recelve ft.
<br /> 13.Fa�down.At Lendar's option, tN� deed of truat may be forectosed i�the msnner provlde by epplicable lew fo►foreclosure of mortyapes
<br /> on rnsl propsrty.
<br /> 14.Msp�ctton.Lender may enter the propeny to inspect It If Lender glves Borrower notics betorehand.The nntice must at�te the re�:oneble
<br /> cau�e for Lendsr's In�peotlon.
<br /> 16.CondMnmBon.Borrower eeslgna to Londe►the procaeds of any award or clelm for dama�gea connected wtth a condemnatton or other teklny
<br /> of all or any part of ths property.Such proceeda wlll be applled as ptovided In Covenant 1.Thls asslpnmant is subject to the torms of any pNor
<br /> sscurlty apreemsnt.
<br /> 1d.WdvN.6y exsrclslnp any remedy�vailablo to Lender,Lendsr doea not qlve up�ny riphts to later use any othar rnnsdy.By not�xerctstnp
<br /> any remedy upon Borrower's default,lender does not walve eny rlpht to later conclder the event e default If It happenr apaln.
<br /> 17.JdnR�nd S�v�nl LI�WIkv Co•slp�err,Suac�ssors md Asdpm� Bound. AII dutlea under thls deed of trwt are jolnt and seversl. Any
<br /> Borrowsr who co-slpns thls deed of truat but do�s not co-slpn the underhrtny deDt ImuumenY(s) doei so only to pnnt �nd convsy that
<br /> Borrower'i Interest In th�property to th� Tn+stee under tM terms of thle deed of trust.In additlon,such a Borrow�r aqrsea th�t the Lender snd
<br /> any oth�r Bcrrowsr under thls deed of trutt may extend,modlfv or make eny other chenpes In the term�of thlt deed of trust or the sscured
<br /> debt without that Borrower's consent md wlthout reteesinp that gorrower from the terma of thts deed of truat.
<br /> The dutlea end boneflts of thla deed o}truat ehall bind end beneflt the succeseors and aasipn4 of Lender and Bortower.
<br /> 18.Natle�.Unless otherwlte requlred by law,sny notice to Borrower shall be given by delfverinp(t or by malling It by certffled mail addre:sed to
<br /> Borcower at the property�ddreas or eny other addrese that Borrower hec pIven to lender.Borrower wlll gtve any�otice to Lender by certifled
<br /> mail to Lender's address on pape 1 of thls daed of t►ust, or to eny other eddress whtch Lendsr hu deatpn�ted.Any other notice to Lender shall
<br /> be sent to Lender's addresa as atated on page 1 of thfa deed of trust.
<br /> Any notice shdl be deemed to havs been gfven to Borrower o►Lender when plven In the manner eteted above.
<br /> 19.Tnnsf�r ot th�Property or�B�n�Acial Int�nst In th�Borrow�r.If ell qr eny pan of tM property or any interest In li ts sold or tran�ferred
<br /> wlthout Lender's prlor wrltten consent, lender mey demend Immedlats p�ymont ot the secured debt. Lender may also demand immedlate
<br />• psyment if the Borrower Is not a natural peraon and a beneflclat Intarest N the Borrower ts aold or trensferred. However, Lender m�y not
<br /> demand peyment In the above sltuetiona If It Is prohlbltad by tederel lew as of tha date of thls deed of truct. -
<br /> 20.R�conv�y�nc�.When ths obllp�tlon sacured by thla deed of truit has 6es�pafd end Lsnder has no further oblipation to mske advances
<br /> und�r tM Instrum�nts or ipreements iecured by th(s daed of truat, the Trwtes�helf upon wrltten requett by the lender,reconvey the trust
<br />. properry.The lender shall dellver to tM Borrower, or to 8arrower'a euccessor in Interest,tha trust deed and the note or other evldsncs of the
<br /> obligetion so settsfled.Borrower ahelt pey any recordetlon coste.
<br /> 21. Sucwssor Tru�t��. Londet, at Lendor's optfon, may remova Trustoe and appolnt a succossor truateo by ilrst, meflinp a copy ot tho
<br /> tubatitutlon of trustoe as requlred by applicable law,and then,by filfng the substitution ot trustee for record fn the oHice of the renlater nf desdr
<br /> oi aacn couniy in wnicn tne truei property,or some pert mereor,1!BItUEt9C.i h!BUCCQS60f t�U6t8FI,without conveyance of the property,shell
<br /> succeed to eIl the po�ver,dutles,autharlry end title of the Trustee named in tho deed of trust and ot any successor trustee. •� -
<br /> Ipsp�2 0l 2! a,
<br /> CMIK[R!BY8iEM9,INC.,6T.CLWD,MH 6E301 II�800�]97•7741�FOHM OLP-MTO�NE 8/1891 —
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