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<br />__.-. ..,.�n--_ COVENANTS (�'�.,.s /����I
<br />''A'�'�� 1, r�y�nb. Borrower apns� to maks ail payments on ths secutod dabt when due. Unleas orrawer and Lender egree otherwlte, any
<br />,�,��'�� p�ym�nt� L�nd�r nr,dvu from Barrow�t or to►Borrowe's ben�tit wUl be appIled firot to eny amounts Borrower owss on the iecund d�bt
<br /> -� �xclutive of Int�n4t or princlpN,f�een�to intnaK�and thm to prinaipal.If pertial prepayment ot the acund debt oacun tor ony n�son, It witt —
<br />_`T"•, :,`� no4 nduce or sxcua sny sch�duhdp�ym�nt untll tCe�scured debt I�paid in fuil.
<br /> �'�;:�Q�°�� Z.GNm�A�fn�t Ti�,Bwrowir WIi�p+�y�all Ux�n:�u�atments, md�ther charpe�attrlbutaGle to the property when due end wlll defend title
<br />;_Zj�_;;,,�� ta th�prop�rty� �Inst my clalMa vVhiEh WouM'ifn�lr the ilen of thlt desd of trust.Lend�r m�y roquin Borrowar to���fpn sny rlphn,ct�imt or
<br /> - - ^_sF d�f�mn which�rrow�r m�y haw�y�lnst pKti��lrvho oupply labor or matulalt to improv�or maint�in the ptoperty.
<br /> `:�;tiqA�
<br />-"�.^�°+i� �' 3.InNx�naa Barowv wlll k��p th� prop�rty lo�und und�r tem��cc�pt�bb to L�nda at Borrowu'a �xp�ni��nd fo► Lauf�r'� b�n�ift.All
<br /> fa1"'yu=. Inwranc�pollal���h�ll Inctud�a�t�ndud mat ap�clau��In fwor of Undv.Lmdn will b�mmad�t bsa payu or n th�In��nd on�ny wch
<br /> � - Imur�nc�polloy.Any inwrmc�procud�m� �� pll�d,within L�nd�Y�dl�cntlan,to Nth�r th�nator�tlon or npalr of th�dam�pid prop�ty
<br /> °'.°" Y or to tM s�cund d�bt.If L�nd�r rputrn mo�'o.a Pnturanc�,eorrowo�pn��to m��ntaln wch Insunnc�for n lonp��L�r�r nqulra.
<br /> . .���,.
<br /> - -_= 4.hr�pwty.Borrower wlll kup th�proparty In pood conctition�nd mak�all reprira taaeonably r�acocaory. e
<br /> �-■+��` 6.Exp�ns��.Borrow�r�pn��to p�y�N L�nd�r'��xp�ntu Includlnp natonebt��ttarn�y�'fu�,if Borrow�r b»ak��ny aownanta In thls dnd
<br /> -yy� ot tru�t or In�ny obllp�tlon��cund by thl�d��d of trutt.�osrow�r wlll p�y thes��mounta to Undsr u provid�d In Covsn�nt 9 of thi�d��d of
<br />-- � truat.
<br /> _,Y�,�...--.
<br />--���� 0.Ma i�au�tty k�tw��t�. Unl���Borrowet first obtains l�ndsr'�wrltten coment,8o�rowsr will not m�ke or psrmit any ahmpe�to my prlor
<br /> s��t� acurity int�nstt. Horrow�r wlll p�rform �II af Borrow�Ys obllyatlons under any prior mortpige, deed ot tru�t or othe� s�cudty apnsmsnt,
<br /> Includinp Borrow�r'�cov�nmt�to m�k�paym�nt�wh�n du�.
<br /> ' ' 7.M�of R�ntt s�fd ProAts.8orrow�r aui0nt to L�nder the rents and prof(t�of the property.Unteis Borrowsr and Lender have ayraed
<br /> ����� othsrw t�In writirtp, Borrow�r m�y collect�nd ntain the rentt ee lanp�s Borrowsr i�not in default. If Bo►rowe►defaulti,L�ndsr,L�nd�r's
<br /> �psnt,or�court�ppolntsd rscstvsr m�y t�ke posseesion and meneys the property and colteat the rents.Any rent�Lendu collsats sh�ll bs
<br /> -��y' �pplisd fint to the co�t� of m���p(na the propKty. Includin9 court costs�nd �ttorrtey�' fee�, commissiom to rantal a0�nts, md �rty otf»r
<br /> _---= neceaary rolated expenss�.Ths remafnlnp�mount of ronts will then appiy to payments on the eecured debt ee provided In Covernnt 1.
<br /> 8.L��holdr Condomintum�:PlanMd Unit D�v�lopm�nt�.Borrower a reee to compIy with the provialons of any lease If thie deed of trust la on �
<br /> �Nas�hald.If thls d��d of trust I�on�unit In�condominium or� p��nned unit divelapment, Borrow�r wlll perform all of Horrower'�t dut(aa
<br /> -- -- undK tM cov�nmts,by{aw�,o►rcyulitiorn of th�condominium or planrwd unit devdopmmt.
<br /> - _-_° a.Authwity af L�ndW to Puform fot Ear�owK.If Borrower /aile to��erform�ny uf Borrowar'� dutUs und�r this deed of trust, Lendsr may =
<br /> � construmat�ion onbhe p�ropiRy Is dliconti�sd or not�cirrid on In a reasonibls�menner,Lsnder m y do whsteveMi�neceufsry to�proteat Lender i
<br /> - security intersst In tfw propKty.This m�y inelude completlnp ths construotion.
<br />�--°--aRa�s.i
<br /> -_=--- Lsnder's failuro to psAorm will not preclude Lender trom sxerai�inp any of fta other riphto under the law o�thls deed of uwt.
<br /> Any amounts pdd by Lander to protect Lendsr'�security interest wiil be secured by thb deed of trwt. Suoh amounta will be due on damand
<br />-=_.� and wlll beer interost from the date of the p�yment until paid In full at the interest rate tn effect on the sncured debt.
<br /> 10. Wtwlt�nd Acc�lewtlon. If Borrowsr f�lls to make eny psyment when due or breaks eny covenant� under this deed of trutt or any
<br /> °"' oWip�tion ucund by this de�d of trutt o�my prior morty�ps or deed ot trust, Lander ms�y�ocsler�ts the m�turity of th�securod d�bt and
<br /> —?�_�� demsnd tmmediets payment and mey invoke the power of a�ls a�d any other remedies pxmittsd by applieable law.
<br /> 11.R�qw�t for Notle�of Mi�ult.It It hereby requested th�t coples ot the notices of defauit snd�eie be sent to eaah penon who t��pxty
<br /> herato,at the addrsss of each such psr�on,��set forth hersin.
<br /> 12.PowK of Sal�.If ths Lend�r invokn th�powsr of��le,the Trustse shall first record(n th� oHice of tF»npist�r of dnds of�aoh county
<br /> whsnin ii�uusi prop�riy ur wi�ii Nirt i,r jar.+oi iti�ts8t f::titlatod s statfce of�efanlL ConLlslst! Ltfs!Rf!+►metlnn►wmikwd by law.Th�Truate� ,
<br /> -- �hall also msil copie�of th�notics of dsfault to the Borrower, to each person who is a party�rsto, �nd to othei p�►son�a�prsscrib�d by
<br /> sppllorbN law.Not len then ons manth �fte►the Tru�tee recorda the notice at dsfauit, or two montht tf ths Vu+t prop�rty Is not in eny
<br /> Incorporatad atty or viNps md is ussd In farminp o�aratbnt aarrlsd on by the trusta,the Trwtse shiY piv�publie noUr,e of�N�to th�psrsona
<br /> md In tM minn�r pnscrid�d bV��ppptlaabN law.Tfuttee,without dem�nd on Borrower,�hdl ssll th�property�t pubilo�uctbn to tlw htyhsst
<br /> bidd�r.If nquk�d by th� Fum liom��tead Protection Act,Truat�s shall oHer the pro{»rty in two sepKSte�N�s�s nquired by applic�bl�I�w.
<br /> Trust��may poKporN ule ot�II or�ny paral af th�property by publla announc�ment at ths Um�and pl�ae ot any prsviouily acl»dul�d wls.
<br /> Und�r or tu d�:ipn��may purchue the property at any�Ne.
<br /> Upon recelpt ot pa1�ment of the prics bid,Truite�shdi ds�iver to the purchaser Trustee's deed convsylrq ths property.TM ncitislt contain�d i�
<br /> Trustee'a deed th�ll bs pr(ma tacU�vidis�ce of the truth of the stetement�contalned thersin.Truatee ahall�pply th�ptoc��d�of the sd�In th�
<br /> followinp orda: (a) to all sxpen�es of the sale, Includlnp, but not Ilmited to, reasombk Trustee'� fes�, nesombt� attotMy's 1NS and
<br /> reinst�temsnt fass;(b)to sll sum�sscu�sd by thi�desd of trust,and(o)the bNance,it rny,to tha penons wp�lly sntitt�d to nc�fw It.
<br /> 13.For�clown.At Lsnder't option,thls deed of trust mey be foreclosed in the menner provide by appl(cable law tor foreclotun of mortqp�a
<br /> on rod property.
<br /> 1b.hup�ntion.Lender msy enter the property to tmpeat it if Lender pivss Borrower notice Miorehmd. The notice must�t�te the reu�n�6�
<br /> caus�for Lsndv's inspnction.
<br /> i 6.Ca�d�rtw�aHon.Borrower asdons to Lender theproceeda of a�y rward or claim for d�mep�a conrncKed with a cond�mmtlon or ottNr Ukinp
<br /> of ell or any Rart of the property.�uch preceeda wili be applled as provided in Covenent 1.Thle assipnment is subject to the termt of eny prtor
<br /> ..�_ ieourity apnemmt.
<br /> 16.W�twr.By exerciilny�ny remedy avall�bte to Lender,Lender doen not plve up eny riyht�to later uss eny othsr nmsdy.By not�zsrcisinp
<br /> �ny remsdy upon Borrower'�defeult,Lender does not waive any rlyht to later consider ths event a dsf�ult if it h�ppent�pain.
<br /> 17. Jolnt�nd S�wrM L! , Co•sipn�n;Suca�s�a� �nd Auiyns Bound. Ail dutfet under thi�d�ed ot trust u� Joint�nd sswr�i. Any
<br /> Borrowsr who co•sipns thi� eed of trust but does not co•styn the underiYin debt Instrument(s)does so only to Qrant and convsy th�t
<br /> Borrower's interest in the properry to the Tiustee under the terms of this deed o�truat.In add(tlon,such a Borrower apress that the Lmder md
<br /> eny otlxir Borrower u�der thi�daed of trutt m�y extend, modlfy or maks any otlwr chmpes In the terms of thi� dssd of vust or the secured
<br /> _— — debt without thet Borrower9 con�ent�nd wfthauc reteaalnp that Borrower from the termt of thf�ds�d ot trust.
<br /> �� Th�dutiss and bensfitt of this daed of trust�hall bind and benefit the succea�ors and auipns of Lend�r end Borrower.
<br /> � 18.Notic�.Unlsss othsrwl�s required by law,any notice to Borrower aheli be piven by delfverinp t!or by maiifnQ it by csrtiFl�d m�U�ddrou�d to
<br /> - �''-�� Borrower at the property addrota or�ny other �ddro�s that Borrowe►haa g(ven to Lender.Borrower witi pive any notice to Lender by certified
<br />�_'-4�� msil to Lsnder'��ddret�on paye 1 of t6ia deed of trust,or to sny other eddross whiah Lender has dnignated.Any other notice to Lsoder sh�ll
<br />_�� be esnt to 4snder's addros��s�t�ted on p�ps 1 of this deed of trust.
<br /> ;,,;'�; Any notice sh�ll be deemed to heve been�Iven to Borrower or Lender when glven In the manner atated above.
<br /> _`��'�N 18.Tr�n�N►of tl»Pr w�B�mlfci�int�nst In dw Borrow�►.If ati or any part of the property or any Interest In it b soid or transisrr�d
<br />";,:� wvt �Y
<br /> :'•�t.;.�;'.• without Lsndsr's prior writtsn consent, Lendar may demend immedlate peyment of the secured debt. Lender may elso demand immedlete
<br />-��� �: • peyment if the Borrower fa not e neturel per6on and e beneficlal interest In the Borrower la sotd w transferred. However, Lender mey not
<br /> .-. demand peyment in the above situations if It Is prohibited by federal law as ot tha date of this deed oi truat.
<br /> � � Y0.R�eonv�yane�.When the obligatbn secured by thls deed of truat has been pald,and Lender hea no further obligation to make advences
<br /> under the Instrumente or epreements tecured by thle deed ot trust, the Truetee ahall,upon written request by the Lender,reconvey ths trust
<br /> . ' property.The Lender ehali deliver to the Banower, or to Borrower's auccoasor in Intereet, the truat deed and ths note or other evidence of tM
<br /> + obllyetion so sati�fled.Borrower thsll pay any recordation costs.
<br /> _�.v �.
<br /> 21. 6ucc�ssa TtustN. Lender, at Lender's opilon, may remove Trustee end appoint e auccesaa truatee by first, mepinp a copy of the
<br /> substftution of trustee as required by applicable law,end than,by fliing the subatttution of truatee for record in the oNice of the repister of de�i
<br /> . -�-�-�'— ..s�...i.........w�.....tit,.ti�IV bu�t NANIW nr mmw nart the�anf.Is sltuated.The succensor Vuatee.without convevance of the propercy.bt(1111�
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<br /> i euaceed to ell the power,duties,authority end titie of the Truetee named In the deed of truat end of any auccesaor trustee. t•-.
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