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F - 1l. PaytrlMttt 8otraerer ag thii secured debt when stun. Un�essHprrower andLe der agree otherwise, any payments Lender receives. from Bo r 1 ' t!e apj>lied first to any amounts Borrower owes an the secured debt exclusive of - interest or principal, seco to r if rtial prepayment of the secured debt occurs for arty reason, it will not reduce or excuse any scheduled i�r�inrrYs��i in full. 2. Claim Against Mo. Borrower will pay all taxes, assessments, and other charges attributable to the property, when due and will defend title IF to the property against any claims which Would Impair the fien of this deed of trust: Lender may require Blorrovier to assign any right, claims or dafanses which Borrower may have against parties who supply labor or materials to improve or maintain the property. . 3. fnta monce. Bsrrower will keep the property insured under terms acceptable to Lender<at Borrower's expense and for Lender's benefit All inaurartts policies shall include a standard mortgage clause in favor of Lender. Lender wil! be named as Igss payee or as Me insured on any sncfi ir►siusnCe policy. A Insurance Iroceeds may b8 appHad, within Lender's discretion, to either the restoration ar repair of the damaged propertyortothesecurediftanderrequire3mortgageinsurance, Borroweragreestomaintainsuchinsurancefo ►aslongastanderrequires. , 4. In jortr Borrower will keep the property in good condition and make all repairs reasonably necessary. 5 Eapenelm Borrower agrees to pay all Lender's expenses, including reasonable attomeye fees, if Borrower breaks any covenants in this deed oftrustorinanyobligationsecuredbythisdeedoftrust. Borrowerwil 1paytheseamountstoLenderas provided lnt ovenant9ofthisdeedoftruaL 6: FdoeSecurity frrtaraata. Unless Borrower first obtains Lender's written consent, Borrower will not make or permit` "any changes to any prior security Intatasts. Borrower Will perform all of Borrower's obligations under any prior mortgage, deed of trust or other security agreement, including Borrowers covenants -to make: payments when due. _.I-AaMONOM at.dAints artd lroliita. Borrower assigns to Lender the rents and profits of the property. Unless Burrower and tender have agreed otherwise iA writing, Borrower may collect and retain the rents as long as Borrower is not in default. it Borrower defautts,- Lender, Lender's agent, or a court appointed receiver may take possession and manage the property and collect the rents. Any rents Lender collects shall be applied first to the costs of managing the property, including court costs and attomeya fees, commissions to rental agents, and any other necessary related expenses. The remaining amount of rents will then apply to payments on the secured debt as provided in Covenant 1. s. LauNwkfs, Condominiums; Planned Unit Developments. Borrower agrees to comply with the provisions of any tease if this deed of trust is on a laafehold: If this -deed of trust is on a unit in a condominium or a planned unit development, Borrower will perform all of Borrowers duties under the covenants, by -taws, or regulations of the condominium or planned unit development. 9. Authority of Lander to Pdrfornn for Borrower. if Borrower fails to perform any of Borrowers duties under this deed of trust, Lender may perform the duties or cause them to be*performed. Lender may sign orrovier's name or pay qny amount if necessary for performance. If any construction on the property is discontinued or not carried on.in a reasonable manner, Lender may do whatever is necessary to protect Lender's security interest in the property. This may include completing the construction_ Lender's failure to perform will not preclude Lender from exercising any of its other rights under the law or this deed of trust. 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 and will bear interest-from the date of the payment until paid in full at the interest rate In effect on the secured debt. 10, Dahuit and AeeaNration. if Borrower fails to make any payment when due or breaks any covenants under this deed of trust or any obligation or, eed of trust, Lender may accelerate the maturity of the secured debt and demand secured by this deed of trust or any prior mortgage ' immediate payment and may invoke the power of sate and any other remedies permitted by applicable law. 11. Power of Sale. If the Lander Invokes the power of sale, tine Trustee shall first record in the office of the register of deeds of each county wherein the trust property or some part or parcel thereof is situated a notice of default containing the information required by law. The Trustee shall also mail copses of the notice of default to the Borrower, to each person who is a party hereto, and to other persons as prescribed by 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 Incorporated. city or village and is used in farming operations carried on by the truster, the Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the property at public auction to the highest bidder. If required by the Farm Homestead Protection Act, Trustee shall offer the property in two separate sates as required by applicable law. Trustee may postpone sale of. all or any parcel of the property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the property at any sale, Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trusteds deed conveying the property. The recitals contained In Trustee's deed be facie evidence of the truth of the statements contained therein, Trustee shall apply the proceeds of the sale in r shalt prima the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's fees, reasonable attorney's fees and l 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. 12. Foreclosure. At Lender's option, this.deed of trust may be foreclosed in the manner provided by applicable law for foreclosure of mortgages on-real property. 13. Inspection. Lender may enter the property to inspect it if Lender gives Borrower notice beforehand. The notice must state the reasonable cause for Lenders inspection. M. Condemnation, Borrower assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the property. Such proceeds will be applied as provided in Covenant 1. This assignment is subject to the terms of any prior security agreement. 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 any remedy upon Borrower's default, Lender does not waive any right to later consider the event a default if it happens again. ts. Joint and Several Liability; Co- signers; Successors and Assigns Bound. All duties under this deed of trust arc joint and several, Any Borrower.... _ .. _.__ _ 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 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 under this dead of trust may extend, modify or make any other changes in the terms of this deed of trust or the secured debt without that Borrower's consent and without releasing that Borrower from the terms of this deed of trust. The duties and benefits of this dead of trust shall bind and benefit the successors and assigns of Lender and Borrower. 17. Notice. Unless otherwise required by law, any notice to Borrower shall be given by delivering it or by mailing it by certified mail addressed 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 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 shall be sent to Lender's address as stated on the front side of this deed of trust. Any notice shell be deemed to have been given to Borrower or Lender when given in the manner stated abovo. 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 without Lender's prior written consent, Lender may demand immediate payment of the secured debt. Lender may also demand immediate payment if the Borrower is not a natural person and a beneficial interest in the Borrower is sold or transferred. However, Lender may riot demand payment in the above situations if it is prohibited by fedeial law as of the date of this deed of trust. , - 19. R& On- ante. When, the obligation accured by this deed of trust has been r3ird and Lender has no fi rrttwr nhlinatinn to rnaka ativanre9 yOy blig' r under the instruments or agreements secured by this deed of 'trust, the Trustee shall, upon written request by the Lender, reconvoy the trust The Lender shall deliver to the Borrower, or to Borrower's successor in interest, the trust deed and the rioto or other evidencb of the : i property. • obligation so satisfied. Borrower shall pay any recordation costs. t 20. Successor Trustee. Lender, at Lender's option, may remove Trustee and appoint a successor trustee by first, mailing a copy of the substitution of trustee as required by applicable law, and then, by. filing the substitution of trustee for record in the office of the register of 06eds of each ~ . L. -county in which the trust property, or some part thereof, is situated. The successor trustee, without conveyance of the property, shall succeed ' to all the power, duties, authority and title of the Trustee named in the deed of trust and of any successor trustee., Ito r QCF'MTG•fVE ttACK`;IUE fiEVl;ilt. }r3 bi41E $•f;a%