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<br /> �'�+�Y4 COVENANTi �8_ 1129�5 -6
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<br /> •��•r,: ,R �, py�t�, Borrower �flr�eo to mwke dl p�Yment• on the •ecurad debt when due. Unleee Borrower end Lender aproe othorw sa, eny _
<br /> paymant�Lender ncelve� trom Bcrrow�r or for 8orrow�r's b�nefit will b�epPlled��rat to eny emounte Borrower uwee on tha secured dobt
<br /> not r�dua or�xcuu anyi�chidul�d p�Y�1'��nt until the s cur�d dibt�isi p�ld In full���epayment of the eecured debt occurs lor any reaEOn,ft will
<br />. �� 2, qdm�AQ�M►at TN1�,8orrow�r will P�Y��� t�x����s����m��t�'��othe ch�rp���ttributebls to the propsrty when due and wfll defend titls
<br /> to tM p►op�rtY n Unst�ny cl�im�whlch woutd Imp�lr th�Ilan�����or m�tiriits to im�ovi o�Ymi nta�In�therproperty������+ny riphls,cl�lms or
<br /> � �~.�t dsfen�e�whlch�arowe m�y h�v��pdn�t P�rtN�whu�uPP�Y
<br /> W
<br /> 3, Imunnc�,Borrowur will ko�p tho property ineured under t�rm� accept�bla to Under at 9orrower'o expen�� •nd for lender'c ber»f�it.aAll �
<br /> :;;'_ Insa�nc�polici�s ih�ll includ� ��t�ndud mortp�B�pllid�w{thin Lind�r�di�cretion,to��ftMr thi�r�stor�tlon�or rep�r�of th�e d�m ped�Pucv
<br />;.�� Insunna policy. Any Imur�nc�prow�ds moy be (�
<br /> . . _ or to the�ecwed Mbt.II L�nd�r nquins mort9�9�In�unnca,9orrower�9ro�s to m�fnt�in such in�unnc�for u lon9��Lender nqu ro�.
<br />—,i_��� 4,rypp�ty,Borrower will keep ths property 1�pood coMitlon�nd mske all npairs nasonsbly neces�ny.
<br /> -- 6,E�p�n���.Barrower�prees to paY all Und�r'��xp�n�ea,fncludinp rea�onsble ettor�ey�'fse�,it Borrow�r bre�k�eny covenant�In thi�d��d
<br />- ,r � of uust or m��Y obliy�tlon�ecwed by fhi�d��d of trwt.Borrow�r will p�y theae�mount�to Lander��provld�d In Cown�nt 9 of thl�d��d of
<br /> truri.
<br /> :Nx:�_.:_,;.; 6,rylor S�cwky N1K��b.Unle�� Borrower fk�t ohteln�Lender'�written consent,Borrower will not make or perm(t eny ahangsa to eny prior
<br />-;,�;:..• secufty Int�rat�,Borrower wul perform dl uf Borrowu's oblly�tlon� under ■ny fxior mortp�fle, dNd ot tru�t or oth�r �scurity �ynem�nt,
<br /> ;T�x� _ ; {�cludinp Borrower't coven�nt�to m�k�p�Y��nts when due.
<br />--��.�►-?' •• oth�rw�e in wrii�r�owa►am Y�011ict�and re�telntths re titis lonp ii Bor ower�iitnotpin defiiilt�If Borerower defe�ti�Linde��Lander�'i
<br /> ap�nt, or a cou�t�ppo�nted receivar may tako PoL�°Inc/udin�court co{t�snd ittoinaY cfe�ei t commiri�om�io rentsl eQents�andt�Y the�r
<br /> ''���`'•`�r• appNed firat to th� cost� af m�n�Qi n y tM pr Pe Y,
<br /> �'-� necess�ry relited ezpente�.T hr r e m�f n i n p a mount of rsnte wi I than epply to paymmU on th�secured deht ss provided in Covensnt 1.
<br /> _ `S'cp'.::.
<br /> � ' ��� g,l�as�hddr Condominlum�;PI�IIMII U11IL D1Y�IO�II�M��•porrowor aprees to comply with the provi�fon�o}eny leue if this dee d o t trut t a o n
<br /> '-�+Y?}'�`-0�� e le�sehold.IP tNi deed of truct is on e untt in s condominium or a plenned unit develapment,8orrower wili perform all of Borrower'N duties
<br /> j.'.X'.��''`-'�: � under the covsn�nts,by-laws,a rspul�tions of the condom(nium or pl�nned unit dwelopment.
<br /> ,,';.i''", g,AuthoritY of �M�d�r�°P�°�m� Barow�r. If Borrower faile to pertorm any of Borrower'� dutiss und�r thl�d��d of trust, Lend�r may
<br /> � pHtorm i1N dutill of C�uN+Ma`a��Pe�fw�t c�ied on In�reawn�bls�m�nner,Lender m�y do whet v r�ls necis��ryt orfaotect Lsnder'i
<br /> ..i?';� conttruCtion on tM property
<br /> ]„:_� security��tersst in the property,This mey Includs complstirq ths conttructlon.
<br /> ��'�::�''� L�nder'�fallure to pertorm will not p►sclude U�d�r from sxercisiny any of its other rlyhts under the I�w or thli deed of truat,
<br />�=�.i,-.
<br />.� r}+ and w II beer�interect from ths dets�of tM paYm�t until pa dtin full at�lt�e�tereata ts In�eNect nfthi iscursd debi unts will be dus on dsm�
<br />_.,,h ,.
<br />� '� `� � ment when due or break� �ny covsnmts under thb deed of trust or any
<br /> +�i'.'` � �p, p��lt�d Accd�►�tloe. �f Borrower fdlc to meke �ny p Y
<br /> � �� obYyatbn �ecurM by thii deed of trust or �ny M1Wer oft{ils and any other remedleidpsrmitYted by�aPPlicebls I�Nrurity of the t�curad dsbt�nd
<br /> v?�-',.s d�mand Immedirie pWment and m�y�nvoke the{w
<br /> �''�'�'�`' 11. Rpuett fa Notk�of D�hult.It is hereby requa�teo i��:t wptaa o!'•!'•� n^?�r�R of dafault and�da be sent to each person who IR a p�rty
<br /> -;;,;� :�;�-.
<br /> .*.,}1• *� � hxeto,at the addreu of e�ch wch penon,u eet foKh herein.
<br /> �. -_:,�.r,:�
<br /> '��-w` 12. Pow�of 9Y�. If the Lsndsr Invoku the power of saN,the Trustee thell firtt ncord In tha offics of the reyittar of desd�of a�c coun y
<br /> =�'�'`Y'�`%� whsroin th�trwt property or�ome psrt or p�resl thenof i��itu�ted a notics of d�f�ult cont�inlnp th�inform�tlon roqutr�d by��W is�t In sny
<br /> '"�'^ �hUl �Ito mail wP���a�the noUce of def�ult to the Borrower,to e�ch person who Is a p�rty Mrato, �nd to otMr p�rson��� p����►�� n`
<br />_�•;.�b�;�.:,n � ppliable uw.Not kss thm one month �ft�r thep Truste� rocorda the notice of default, or two months �f t a t blic euoc ion to ths hlyMst
<br /> ���.:..� incorporatod cfryor vlllaqe�nd I�uaed�c�blarlew Tru�tae without dem�nd ontrBorrower�shall sell t e�propsr�tY I�c p tica of sel�to'M bP�'aw.
<br /> --=i��'" 7rwtee�hell offer tM property in two nepante ul�s ea requi�sd by app
<br /> _ ._;��� md in the msnn�r preecribed bY aPPP �viou�l achsdul�d ule
<br /> .'�-�°° bidder.If required by the Parm Homeste�d Protection Act, b ublic�nnounament�t the time�nd pl�c�of any p� V
<br /> ;��r�'��� Trust�e m�y po��PaM���� af dl or eny parcd of ths property Y P
<br /> _,,,�_�,���� Unde or it�dnipns�m+Y Purchaas tM property et sny sde. The rocitfda contdned In
<br /> '°`�"�•�T`.�» Upon recelpt of psyment of tM fx�ce 61d,Trustee�hdl deliver to the purchaser Tmstee'a deed conveyinq the property.
<br />--=-;�� Trustw's deed�hall be prim�facle evidience of the truth of the statements conteined theroin.Tru:tee ahd��PP�Y t���Proceeds of tM�de In iM
<br /> "',�,`-";� nin�si�ts�^iet�esa�(6)to lall umi�secured hy this�deeduofl t uat�and(clith t halence�itsiny,t10 t e purson�Isyilly�ntit�d tor icelvs{t,fse� ■nd
<br />_��,��� 13. Fa�dosun•At Lender's option,thi� deed oi truet mey be toreclosad in th�manner provids by epplicable Isw for fonclotun of mortpaye�
<br /> �..r�,�,,,��� on►ed property.
<br /> --- — 14. In�p�cdoe.Lender mey enter the property to inspect it if Lender pives Borrower notice beforohand.The notice mu�t auts the rossona e
<br />— -=°=��� uu�e for Lender's Intpsction,
<br /> •'`���� �, 1fi.Ca�d�mn�do�•Borrower escigns to Lender the proceedl,ed asYprovided in ICovenentemape�e aasipnment isl subjsc�to�thi itsrms of anV fxbr
<br /> of all or any p�rt of the property.Such proceeda wfll be epp
<br /> Th
<br /> ":..�:�:»�":� + �ecurity�prsement.
<br /> -.. ,.,,
<br />- '?'"` tg,yydwr. By exerclainp any ramedy evailabte to Lender,Lender does not qive u�a�y rights to leter uce any other remedy.By not exere s nQ
<br /> '72���S
<br /> _ �•�nu,�� �ny remedy upon Borrowar's default,Lender doe��t waive any ripht to Ister cone der tM event a default if it happsne ayain.
<br /> 17.,�{M�d g�wrd LI�y Co-stOn�r, Succ�u°������0^� 4ou��'yIAll duties under thl� deed of tru�t �r� Jolnt and �evenl, Any
<br /> ��� Borrower'i n e e t In the� P�ropenY af the Truite�under ihe te�lms f thii deed of tru6tt In addiUont1�uch�a Borowei epreers thst�the Lender 4snd
<br /> �,..,.: ..1„..-.
<br /> =���—• "" �ny other Sorrower under this deed of tru�t m�y extend,modifV or m�ka any othor chanyet in the terms of thb de�d of truet or the iecurs
<br /> --i;.:�„i�.•� debt wittwut thet Borrower'�conaent�nd without reless��p thet Borrower from the terme of thia deed of truct,
<br /> � The dutie�s�d benefit�of thit deed of trwt shall bind end benefit the accessors and e�aipn�ot Lender�nd Borrower.
<br /> � • 18.Notla.tU�scoterty address or eny other eddretis thet88o ro er6has�g,ven to Lendderv Borro�wer w�ll pi�v�e anybnotice�t�o Lende�by cestfied
<br /> Borrower� P� p
<br /> � mail to Lender'� eddre�s on pe9e 1 of this deed ot trust,or to eny other address which Londer has dealOneted.Any other notice to Lender shall
<br />' . � be�ent to Lender'e eddreaa�e�teted on page 1 of thia deed of truet.
<br /> g: A�y notice sh�ll be deemed to hnve besn yiven to Borrower or Lender when piven in the menner eteted ebova•
<br /> {•� 19.Tr�raf�of th�PropM'tV
<br /> a�g�flcl�l Int�r�it 1�tiw Sarow�r.If a�i or eny pnrt o}the propert or any interest In it lo sold or transferrsd
<br /> ` � pa�ymentLif�I Bo�o�wer�fa not e�neiuiel eson endde bee(Iclel�nterespan the Borrower�li 6o�ld ob trensf erred.�Howevsre Lendermm y�not
<br /> dainend peyment In the above situetions If it fs prohibited by federel lew as of tho date of this deed of trust.
<br /> 20.R�eonv�Yrnc�.When the obligation secured by this deed uf trust has bean paid, end Londer has no further obligation to meke advences
<br /> under the insUUments or epreements securad by this dead of trust,the Trustee shall,upon wntten request by the Lender, reconva�the trust
<br /> ._i 1 urouertv.The Lender eheU deliver to the Borrowar.��wtionBcoete er's successor in intorest, the trust deed end the note or other ovidence o}the
<br /> ; I obl(getion r�o�aneuea.Borrowo� e��a„pa;��:'-^-^ (irst, meilin a copy oi cne
<br /> 21. Succ�s�a TtwtN: I.wx1K at Len�lcable latw�end then,by filinQ the sub titutonf of trustee forreco d in the offioe of the�repiater of deeda
<br /> I substitution of trultee ea req�Ked by epp
<br /> auccee to ell[he power tdutiese euthontY and title ofp ho Tru t e nemedein the deed of t8ust end of eny�succeseorvuustoe,ot the property,sh�
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<br /> -' OANKERS SYSTENS.�NC..ST.C10V0.MN 6e707 11�E00 997�2J411 FORM OC��MTG�NE 6i19/91
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