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<br />-- -- ,t�!'aysnsttts.Borra: r it)itsit WtpO--'-' staonthasawreddebtwhendue. UnlessBorrowerandloderagreeotherwisb ..anypayments
<br />Sender reaelves from_ a benefit will be applied first to any amounts Borrower owes on the secured debt exclusive of
<br />Interelst or prirtcipalreee tj en to pr€ncipaL If partial prepayment of the aaairsd debt occurs for atiy mason, it will not raduce
<br />or excuse airy stilled i�os secured debt is pillti in full. .
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<br />..2. iltaittts AAai A TIi..SiltltllMlN alt taxes, asseurnprits, and other charges attributable to the property when due and will defend title ;
<br />- -to the propaM• s�s.^.irnj: elaictss�ies +.pbuSd impair tlta•lsan of this load of trust Candor. may require Sci:sas,er to assign any rights, claims
<br />or delerrses w�r-tch Qorrowar rtiay #rgainst parties who supply labor or materials to €mprove or maintain ttie property
<br />3 111FOUNW.M. Marrower WIIAM the pasperty insured -- under terms ptabteto tender at Borrower's expense and for tenddes benefit All
<br />insurange polices shall include a standard mortgage clause to fawf of tender. Linder w€ I be named as loss payee or as the insured on any
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<br />propertyortothetrecu [ ed �t{ f��Rnderraquiresmtirtgageirtwrance ,l oROweragreestomatnfainsucTinsarsnccefo�astarig ;asZend0, 1, ices.— — -
<br />4. AopertX Borrower wilt keep the properly in good condition and make all repairs reasonably necessary.
<br />.5.1xillievoes. Borrower agrees to pay all Lender's expenses, including reasonable attomeys' f*, if Borrower breaks any covenants in this deed
<br />oftrusteein any obligat€on.sewredbythisdeed of trust. Borrowerwill pay these amounts to Lender asprovidedin Covenant ofthis deedoftrust..
<br />a Friior Secu ty laterestie. Unless Borrower first obtains Lender's written consent, Borrower will not make or permit any changes to any prior
<br />security interests. Borrower will perform all of Borrower's obligations under ;any prior mortg "age, deed of trust or other security agreement,
<br />including Borrowet1d covenants to make payments when due.
<br />71 wwant aid Paro aiW Fit Borrornar assign3 to tender the rents and profits of the property. Unless Borrower apd Lander have agreed
<br />otherwise €n writing, Borrower may collect and retain the rents As long as Borrower Is not in default If Borrower defaults, Lander. Lender's
<br />agent, or a court appolirted receiver may take possession and;Manage_ther- property and called the rants. Any rants Lander collects shall be
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<br />applied first to the costs of managing the property, including count costs and attorreya' fees, eommlsslons to rental agents, and any other
<br />pecesseryTetated expenses. The remaining amount of rents Will then apply to payments on the secured debt as provided in Covenant 1.
<br />•. Leaeeheltfe; CNrdemitriitrns; planned tittle DwNopmerm * Borrower agrees to comply with the provisidns of any lease if this.deed of trust
<br />Is on a leasehold. if this.deed of trust is on a unit in a condominium or.a planned unit development, Borrowervw l perform all of Borrower's
<br />duties under the covenants, by -laws, or regulations of the condominium or planned unit development.
<br />9. of Lender to Perform for Borrower. If Borrower fails to perform any of Borrowers duties under this deed of trust, Lender may
<br />pe, . rm -the duties or cause them to be'performed. Lender may sign Borrower's name or pay any amount if necessary for performance. if any
<br />construction on the property Is discontinued or not carried on in a reasonable manner, Lender may do whatever is necessary to protect Lender's
<br />security interest in the property. This may incfude, completing the construction.
<br />Lender's failure to perform will not preclude Lender from exercising any of its other rights under the law or this deed of trust.
<br />Any amounts paid by Lender to protect Lender's security interest will be secured by this deed of trust. Such amounts will be due on demand
<br />and will bear _paid the date of the payment until paid in full at the interest rate in effect on the secured debt.
<br />10. Default and A ccNaration. If Borrower fails to make an ll PPayment when due or breaks any covenants under this deed of trust or any obligation
<br />secured by this deed of trust or any prior mortgage or Aeed of trust, Lender. may accelerate the maturity of the secured debt and demand
<br />immediate payment and may invoice the power of sale and any other remedies permitted by applicable law.
<br />11. Fbwrr of 5". if the Lender invokes the power of safe, the Trustee shalt first record in the office of the register of deeds of each county
<br />wherein the trust property or some part or parcel thereof is situated a notice of default containing the information required by law. The Trustee
<br />shall also mail copies of the notice of default to the Borrower, to each person who is a party hereto, and to other persons as prescribed by
<br />applicable law. Not less than one month after the Trustee records the notice of default, or two months if the trust property is not in any
<br />incorporated city or Village and is used in farming operations carried on by the trustor, the Trustee shall give public notice of sale to the persons
<br />and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the property at public auction to the highest
<br />bidder. If required by the Farm Homestead Protection Act, Trustee shall offer the property in two separate sates as required by applicable law.
<br />Trustee may postpone sale of all or any parcel of the property by public announcement at the time and place of any previously scheduled safe.
<br />Lander or its designee may purchase the property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the property. The.recitals contained
<br />in Trustees deed shall be prima facie evidence of the truth of the statements contained therein. Trustee shall apply the proceeds of the safe in
<br />the following order: la) to all expenses of the 'sale, including, but not limited to, reasonable Trustee's fees, reasonable attorneo fees and
<br />reinstatement fees; (b) to all sums secured by this deed of trust, and (c) the balance, if any, to the persons legally entitled to receive it.
<br />12. Foreclosure. At Lender's option, this deed of trust may be foreclosed in the manner provided by applicable law for foreclosure of mortgages
<br />on real property.
<br />13.1nspeetion. Lender may enter the property to inspect it if Lander gives Borrower notice beforehand. The notice must state the reasonable
<br />cause for Lender's inspection.
<br />14. Condemnation. Borrower assigns to Lender tho proceeds of any award or claim for damages connected with a condemnation or other taking
<br />of all or any part of the property. Such proceeds wili be applied as provided in Covenant 1. This assignment is subject to the terms of any prior
<br />security agreement.
<br />15. Waiver. By exercising any remedy available to Lender, Lender does not give up any rights to later use any other remedy. By not exercising
<br />any remedy upon Borrower's default, Lender does not waive any right to later consider the event a default if it happens again.
<br />16. Joint and Several Liability; Co- signers; Successors and Assigns Bound. All duties under this deed of trust are joint and several. Any Borrower
<br />who co-signs this deed of trust but does not co-sign the underlying debt instrument(s) does so only to grant and convey that Borrower's interest
<br />in the property to the Trustee under the terms of this deed of trust. In addition, such a Borrower agrees that the Lender and any other Borrower
<br />under this deed of trust may extend, modify or make any other changes .n the terms of this deed of trust or the secured debt without that
<br />Borrower's consent and without releasing that Borrower from the terms of this deed of trust. -- - -
<br />The duties and benefits of this deed of trust shall hitid and benefit the souccessors and assigns of Lender and Borrower.
<br />17. Notice. Unless otherwise required by law; any notice to Barrovo;r shall be given by delivering it or by mailing it by certified mail addressed
<br />to Borrower at the property address or any other address that Borrower has given to Lender. Borrower will give any notice to Lender by certified
<br />mail to Lender's address on the front side of this deed of trust, or to any other address which Lender has designated. Any other notice to Lender
<br />shall be sent to Lender's address as stated on the front side of this dead of trust.
<br />Any notice shall be'deemed to have been given to borrov+ur or !.tender when given in the manner stated above.
<br />18. Transfer of the Property or a Beneficial Interest in the Borrower. If all or any part of the property or any interest in it is sold.or transferred
<br />vvithout Lender's prior written. consent, Lender may demand immediate payment of the secured debt. Lender may also demand immediate
<br />payment if the BOrro%&vr is not a natural person and a beneficial interest in the Borrower is sold or transferred. However. Lender may not demand
<br />payment in the above situations if it is prohibited hr federal lair as of the date of this deed of trust.
<br />19. Roconvayance. When the obligation secured by this deed of trust has been paid. and Lender has no further obligation to make; advances
<br />under the instru.nonts or agreements secured by this deed of trust, the Trustee shall, upon written request by the Lender, reconvey the trust
<br />property. The Lender shalt deliver to the Borrower, or to Borrowers successor in interest, the trust deed and the note or other evidence of the
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<br />20: SuewssorTrustse. Lender, at Lender's option, may removo Trustee and appoint <1 successor trusloo by first. mailing a copy of the substitution
<br />of trustee as required by applicable lavt. and then, by filing the substitution of trustee for record in the office of the register of deeds of each
<br />county in vibich the trust prdpe•ty. or some part thereof, is situated The successor trustee, without conveyance of the property, shall sucteed
<br />to all the po-o at, duties, authority and t4ie of the Trustee named in the deed of trust and of any 5uccessof trustee. '
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