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<br /> C�VENANTS
<br /> �. Payments. B�rrflwer agrees t�mak�all payrnents an�he secured debt when due. Unl�ss Barrower and L�nder agree otherwise, any
<br /> paym��nts Lender re�eives fram Borrower or fQr�o�rower's ben�fit r,vill be applied first to any am�unts Sarrower owes �n the secured debt
<br /> exclusive of interest�r principal,second to interest,�.nd th�n�o principal. If par�ial prepaym�nt of the s�cured d��t occurs for any reason,it will
<br /> not reduce ar exr�use any�sch�dul�d paym�nt until�he secur�d debt is paid in full.
<br /> 2. C�aims Against Tit�e. B�rrawer wilt pay ali�axes,assessments,and other charges at�ributabie to the prape�y when due and wilE d�fend
<br /> titie ta the property against any�laims w�hich woul�impa�r th�lien of this deed of t�-ust. Lender may r�quire Borro��er to assign an�ri;ht�,
<br /> claims or defenses which Borr�wer may have against parties�vvho supply[abar or materials tv improve or maintain�he prop�rty.
<br /> 3. �nsurance. Borrower will�eep the property insured under terms accep�able to Lender at Borrawer's expense and for Lender's benefit. All
<br /> Insurance policies shall include a standard rnortgage claus�in favar vf Lender. Lender wii[be named�s Ioss payee or as�he insured an any su�h
<br /> insurance policy, Any insurance proceeds may be appli�d,within Lender's discretion,to either#he res�oration or r�pair af the damag�d property
<br /> or to the secured debt. If Lender requires mortgage insurance,Borrower agrees t4 maintain such insuran�e for as lang as Lender requires.
<br /> 4. Praperty. Barrower will k�ep th�praperty in gaod conditian and rnake a11 repairs reasona�ly neces�ary.
<br /> 5. Expenses. B�rrav�er agrees to pay all Lender's expenses,inciuding reasanabi�attorneys' fees, if B�rrawer breaks any covenants in this
<br /> de�d of�rust or in any obli�ation s�cur�d by�his de�d of trust. Bvrrawer will pay�hese amounts to Lender as provided in�ovenan�9 of this deed
<br /> of trust.
<br /> �, priar Securi�y Interests. UnIess Barrawer first obtains Lender's written�ontest,Borra�ver will not ma�e or permi�any chang�s��an�
<br /> prior seeurity in�erests.Barrower will perform a��af Barro�ver's obliga�ions under any prior m�rtgage,deed of trust ar o�her security agreement,
<br /> including Borrow�r's co�enants to make payments when due.
<br /> 7. Assignment n�R,en��and Prvfi�s. Boa-rvw�r assi�ns to Lender the rents and pro�its of the property. Unless Borrower and Lender hav�
<br /> agreed otherwise in�ri�ing, Borrower may collect and retain�he ren�� as long as B�nro��r is not in de�fault. If Borrov��er de�autts, Lender,
<br /> L�nder's ag�n�,ar a�aurt appointed recei�ver may take p�ssession and manage the property and�allect the r�n�s. Ar�y rents L�nder coll�cts shail
<br /> be appli�d first to th�G�s�s af managxng the proper�, inciuding��urt Ca�ts and attorneys' fees,�ommissions to rental agents, and any o�her
<br /> necessary re�ated expenses. The remaining amount❑�rents will then apply t�payments an the s��ured debt as provided'€n�ovenant 1.
<br /> 8. L�aseholds; �andvmin�ums;P�anned Unit Develv�ments, Borrower agr�es to comply with the provisians of any Ieas�af this deed of
<br /> trust i�Qn leaseh�ld. If this deed of trust is on a ur�it in a condorninium or a planned unit develapmen�,Barrower will perform aI��f Borrawer's
<br /> duties under the cavenants,by laws,a�regulations orihe candom€nium ar planned unit deve[opment.
<br /> 9. �uthnri�y af Lender to Perform for Borraw�r. If Barrower faits to perfonm,any o�Borrvwer's duti�s und�r this deed oF trust,Lend�r
<br /> may per��rm the du�i�s or cause them ta be performed. Lender may sign Bo�rower's name or pay any amount if necessary for p�rfarmance. If
<br /> any construction on the property is discon�inued�r not carried an in a reasonable manner, Lender may do�vhat�ver is necessary tv protec�
<br /> Lender's security interest in�he property. This may include carnpleting�the Constructian.
<br /> Lender's�aiIure tv perform wi�l n�t pr�clude Lend�r from exercisin�any of its oth�r ri�,hts under#�he lativ or this de�d of trust.
<br /> Any amounts paid by Lender ta pra�ect L�nder's s�curity inferest�vill be secur�d by this deed af trust. Such amounts vvill be du�❑n d�rnand and
<br /> ���Il b�ar inter�st fram the date�f th�paymen�unti�paid in fuli at the interest rate in�ffect an the secured d�bt.
<br /> ��. Defauit and A��eleration. If Bon'aw�r fails tn make any payment when due or breaks any cav�nants under this d��d of�rust ar any
<br /> obligation s�cured by this deed of trust ar any priar mo�tgage or deed of trust,Lende�may ac�elerate the ma�uriry af�h�secured debt and d�mand
<br /> immedia�e payment and may in�oke the pawer of sale and any�th�r rem�dies permitted by appli�ab��Ia��.
<br /> II. Reque�t�or l�o�i��uf D�fault. rt is hereby requested that copies vf�he notic�s❑f defau�t and sale be sent lo each person who i�a party
<br /> hereto,at the address of each such person,as se�forth her�in.
<br /> 12. P�wer of Sale. �f the Lender invok�s the power�f sa�e,the Trustee shall firs�reco�d in�h�affi�e af the register of deeds o�eaeh caunt�
<br /> wherein the trust property or some part or parcel thereQf is situated a notice o�d�fault Gantaining the�nformation re�uired by law. The Trustee
<br /> shall also rnail copie� of the nati��of default t�the Borrow�r, to each person who is a party hereto, and to oth�r persvns as pr�scribed by
<br /> appliGable Iaw. Not less than one month aft�r the Trus�ee recards the notice of default, nr�wo m�nths if�he trust prape�y is not in any
<br /> incorparated�i�y or Wiilage and is us�d in farming opera�i�ns canied on by the trus�or,the Trust�e shall give publi�notice of saie�o th�persons
<br /> and in�e manner prescxibed b��applicahie law. Trustee,without demand on Bor�ower,shall sell the proper�y at public au�tian to the highest
<br /> bidder. Z�required by the Farm Homestead Pr�tecti�n Act,Trustee shall of�er�he property in two separate sales as required by�applicab�e Iaw.
<br /> Truste�may postpone sal�of all or any parcel of�he prop�rty�y publi�annnuncem�nt at the time and place flf any pre�iously scheduled sale.
<br /> Lender❑r its desi�nee may purchase the property at any sat�.
<br /> Upon r�ceipt of payment of the price bid,Trustee sha��deli�er tfl the purchaser Trust�e's deed convey�n�the praperCy. The reci�ials contained in
<br /> Trust��'s de�d shall be prima facie evidience of the#ru�h of the sta�ements cantained th�rein. Trus�ee shall apply the proce�ds�f�h�sale in th�
<br /> failo�ring order: �a} to alI expenses of the sale, including, but na� lirnited to, r�asonabl� Trustee's fe�s, reasonabl� at�orney's fees and
<br /> reinstatement fees;�b)ta ail sums s��ured by#his deed of tru�t,and�c}the balance,if any,to the persans legai�}��enti�ied to receive it.
<br /> 1.3. Fareclosur�. At Lender's optian, thi� deed af trust may be for�clas�d in the manner prtivided by appliGable la�rr fflr foreclosure of
<br /> mortgages on real property�.
<br /> 1.4. �nspee#i�n. Lender may enter the property to insp�ct it if Lender gi�es Bo�rower no�ice befor�hand. The notice mus�stat�the reasonab�e
<br /> �ause far Lender's insp�cti�n.
<br /> �5. Cond�mnation. B�rrower assigns t� Lender the pr�ceeds of any awa�rd or claim f�r darnages connec#ed�i�h a Gondemna�i�n ar other
<br /> takin;af all flr any par�of t.he prop�rty. Such pro�eeds will be applied as pravided in Cov�nant 1. This assi�rament is subj��t tv the terms of any
<br /> pri�r security agr�ement.
<br /> I6. Wa��er. By ex�reising any rernedy a�aitable tv Lend�r, Lender do�s na!�ive up any rights to later use any ather remed�. By�no�
<br /> exercising any remed�r upon Bon��ver's default,Lender do�s nat waive any right tv later consid�r the event a d�fault if it happ�ns again.
<br /> �7. J�int and S���ral Liability;C��-sign�rs;Su�cessars and Assigns Baund, AIi duties under this deed of trust are jaint and several. Any
<br /> Barro�rer �vho �a-signs �his deed of trust but does not co-sign the underlying deb� instruments�s} d�es so only to grant and conve}� tha�
<br /> L�onrower's interest in the property to th�Trrustee under th�terms af this d�ed af trust. �n addition,such a Borro��er agre�s that the L�nd�r and
<br /> any o�h��Sarrav�er und�r this deed of�rust rnay extend,modify or rnak�an�other changes in�h�ternns�f�his deed of trust or the secured debt
<br /> , �ithaut that Sarrower's cansent and��ithaut releasin�that Bonrower frvm th�t�rms of this de�d of trust.
<br /> The du�ies and benef�ts�f this deed of trust sha��bind and�enefit the successors and assigns af Lender and Borrower.
<br /> 18. No�ice. Unless a�h�n��ise required by Iaw, any notice�o Borrower shall be giv�n by delivering i� or by mai�ing i� by certi�i�d mail
<br /> addressed to Borrativer at�he praper�y address or any ather addr�ss thaf Banrower has giv�n�o Lender. Borrflw�r wil]giv�any notice ta Lender
<br /> by certif ed mail�o Lender's address an page I of this deed of trust,or to any other addr�ss,whi�h L�nder has designated. Any other na�ice to
<br /> Lender shall be sen�to Lender's addr�ss as s�ated on page 1 of this deed of trust.
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