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<br /> ��_ •' `' .`-£ 7.Payme�. Borcowet a�to meice ali paymern6 on the sac�ued debt whfln due. Unless Borrower and lender agrea otAervuise, any F ,,` _3 Z.
<br /> Paymet�ffi I.endet ceeeives trom Borrower or ior Bortowe�s be�efrt v�nll be eP�e+�nrsi to anlr amoums BoROwer owes o�tfie secvred aebt r � �
<br /> _ �- ��(` �':;,� e:dustve of&tterest or princiQe4 seoond to irtterest,end then tn�incipal.If paztta!PrePaymem oi the secnred debt ocwrs tor any reason.it wll ` +.. ...
<br /> -- = .�. nat�educe ar exruse arty sehaduted paymern u�l the seaaad debt is patd in tulL • 4
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<br /> =L ' < .. 2.Ctatma A��Tftle.�Qrrowet-eaiQ�a9►a��3exas�ass�mertta,artd other ehar8es attr�'but�bte to ihepraperh►when due and wU defe�d title t 4 �
<br /> t �a '�: to ttte ProDerty e�t t�5t arty da�g�erjll tQ ImPel►tha lie�of ttds deed ot trust Lender may require Bortawer to assign any rights.etaims ot p -�
<br /> ur�t -. 1 Qefenses whlch dortawe;�ay t1�4��a`B��paAies,who suDPN�r or materiais to improve or maintain the Property �: �s
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<br /> _ 3.��, gorr�ywer anriq keep-the�a�erty i�ured under tertns acceptabte to Lender at Borrowers expense an d for L en d e r's ben e fi t.A{I
<br /> s < inswance poGdes shail inelude a standard mortgaS�d�m tavor of lender.Lender wi!!be named as toss payee or as the ins�ued on any suci� ,,`x �
<br /> "� insuranca poticy.Any ins�uance Proceeds may ba appl+ed,wstl�in Lender's d'iscretion.to either ffie restoration ar tepaEr of ihe damaged property
<br /> - ;�' or to the secured debi.ft Lendet teqWtes�e tnsuranee•BorroWer agrnes to mafrrtain such insurance for as long as Lender requires. y �„
<br /> � z_' �.�.-.° '_ 4.7�operty.Bortower w�l keeP me ProPeriY in good eondition arui make alt repairs reasonabty necessary. `� L i
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<br /> `'``• B,Espertses.Borrower agrees to pay a11 l.ender's expenses•indudistig reasona0le aROmeYs'fees,if Bonower breaks any covena�in this deed `,; +`�<" �
<br /> a� � " of Vust ar in any ob6getion sec�aed W this deed ot trusK.8o�'awet uwll pay d�ese amaunta w Lunder as provided in Covenarn 9 of this deed of ;, � �� �
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<br /> �` . " a_� ``t':r 8.pdas geaatty IrRereste.Unisss 8onower first obtains Lender's written conserrt,Borrower will not make or permii anY t�anSeg to arry prior ;} :
<br /> septrity irrteresta. Borrower vn'1!pertorm all of Bortowers o6Ggations under any prior mortyage, deed of vust or other seeiuity agreert+ent, �.`' � `-.`
<br /> �� ' `� :; , Inctudu�g Bonower's cavenartts to maka paymer�whe»due. 5 -
<br /> '� 7,pssignment of Rer�and ikofite.Borrower esstgns to Lender the reMS end profits of the property.Unless Borrower and Lendor have agreed '` �
<br /> ��. ` . ,:� omerwise in wriHng,Borrower maV+�oUeet and retalr�the►erns as tong as Borrower ia not in defauft.N Bottower detaults,Lender, Lender's `�q: �:f,;
<br /> ��r : � 8$ant,ar e court appomted receivet maY take possession and mana8e the property and wtiect the re�ts.Any rents Lender coltects shall 6e _ �
<br /> �� 2,. ' �{ ;; appiied ffrst to the costs of mana8lng the property,including wurt costs and attomeys'fees,commissions to rerml agents, and any omer , .`a �
<br /> ��y� , Q ne�ssar}r retated e�penses.The remaining amourt of re�ts will tfien apply to paymeMS on the seaued debt as provided in Covenant 1. �
<br /> �.`,; F. . • : g,Leasepotds;CanQominiuma:Plsnned Unit DevelaPme�ts.goR°wer agreea tn comp[y witA the provisiona of arry tease if this Qeed of trust ia on : � y��,_�
<br /> �;' e(easehaid.(f this deed of Vust is an a unit in a eondominium or a p1aMeA unit develapmerlt,Borrower�nn'il peAotm ell of Bonowet's Cuties ..4 ��.
<br /> h. . � � un6er tfie wvenar�CS,by-iaws,or regulatio�a of the condominGim or ptanned unit davetopmern. .i4
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<br /> , � .. � �'; ; g,p��y a}��er tp pet(crm im Bcrtower. If Banower tails tope rfortn aayr of Bonower's duties under this deed of uust.Lender maY , ..
<br /> r� • pertorm the dudea pr esuse tfiam to be pertormed Lendet may sign eartowers name ar pay any amowrt if necessary tor perfarmance.M any
<br /> �'�� � F '� construcdon on the properly Ls discoirtinued or not cerried on in a reasonabie manner,LenQer may do whatsver is necesaary to protect Le�s ,�-'.
<br /> •�.'. '" security irtterest in the property.Thts may indude eompfeting the consduction. �•` d:•SS�� .
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<br /> 3:' ler+dera faiture to perform w�l not preciude Lendar from exercish�g arry of ite other ri9hts under the Iaw or thia deed of wst. n�z"�
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<br /> ?:-, ' '���'%i,'y Any emourtts paid by lendel to Drctect Lender'6 secu*itY interest will6e secured by this deed of Vust.Such amow�ts will be due on demand , ,'`�;�:
<br /> and wUl bear irrtetest irom the dete of the paymertt urtci�Daid ln tull at the irtetest rate in eNeet an the sacured debt '�:"i�'
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<br /> f 10. Defmrtt and Acceteradon. If BoROwer tals w make any paYment when due or breaka arry covenetna uruter this deeA of ttust or arry .' ��-.
<br /> �' obligation secwed by this desd of bvst or any prior mortgage or deed of Vust.l.ender may accelerate the maturlty of the secured debt and ',� y�:
<br /> � Y:`_ �„. demand immediate paymert and may invoke tha power of sate snd any other remedies permitte0 by app�tcabte law. }y _
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<br /> 5'�'; 17.Re�est tot Notice o!Detatdt.tt is hereby requested that eopies of th e n o t l e e s o t d e t a u k a n d s ale 6e serrt to each person who is a parhl
<br /> hereto.et the address ut each such person,as set tortb herein• '
<br /> '��.�:' . � {4 14,powsr o}9ate.M the lende►invokes tAe power of seie,the Trustee shatl flrst record In the oHice ot the tegister of deeds oi each courtity �� �'�-
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<br /> .�`':,;' � wherein the uust propeRy or some part or pareei thereot ls siwated a noUce of detauk corttaintng the intonnatlon required by law.The Tniatee ,;; , .:
<br /> - r, shall also mail wpies of ihe notice of aetauft to tfie Bortower,to eacM peraon who(s a paRy hereto,and to other persons as preseribed 6y ' ;f�`�%:-:
<br /> ` �`r ';�' appiica6►e law.Not Iess than one month efter the Trustee records the notice of defauR ur two months if the uuat proDe�Y�not ln any 1 �c,,..
<br /> -�,. ineorparated ciN or viftage and ia used in farming operationa cartied on by the truator,the frustee shell give pubtio natice of sate to the persons f�r,� :
<br /> �;�' ' an0 in the manner prescribed hv apppflcable law.Trustee,without demand on Borrawer,afiall sefl the prop�8t pUblia e!)cH0�1 tD th9 b19hBSL tr i.
<br /> biQder.H tequired by the Parm ffomestead ProtecUan Act,Trustee sheil ofter the property in two separate sa as repuirad by apD��ble law. • , �}
<br /> -rf�.;:tl. � � . TnisUee may postpone sate of all or arty parcel 01 the property by pu6lic announcement et the time and place of any pteviousiy scheduled sala. ,,' :�Z�
<br /> _ •t:' � ! Lende�or ita designee may purchase the property at any sate. �� ' �r �
<br /> .� ,. � Upon receipt of paYment of the prlce bid,Trustee ahail deliver to U�e purehaser Trustee's deed conveyhig the property.The reeitiala cortEafied in ' A ,F •'` '
<br /> ` T t u a t e e's d e e d s h a l l b e R r i m a f a c i e e v i d i e n c e o f t fi e V u th of the statemenffi contained thareln.Trustee ahall appiy the proceeds of the sate in the � "
<br /> �- '! ' • : .`�r foltowinp otder: (a) to ail expenses o!t he sa te, in c iu d f n g, b u t n o t I i m R e d t o, r e a s o n a b l e T r u s t e e's t a e a, t e a s ona b te a t t o me y s f e e s a n d „�
<br /> reinstatemetrt teea;(b)�all sums secured by this deed of trust.and(cl tha 6a�ance,if any,to the petsons legalty entitied to reeeive k. ,?T -
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<br />- �°� 13.ForectostuB.At I.ender's option,this deed ot trust may 6o foresclosed ln the manner provide by applicable iaw far foreciosure o!moRgages
<br /> ts
<br /> , : �� ;j on ceal property r `-��`:
<br /> '�� - • t4,h�soecBon.Lender may enter the property to inspect it ft Lender givea 8orrower noUce beforehand.The noUce must state the reasonabie ''�•�
<br /> '? • � '� cau e foi Lender's inspection. ��.,s:;
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<br /> 16.Condemnatlon.Sor►ower assign�a to Lender the�roceeds ot any award or cTaim for damsgea connected with a condemnadon ot other taking � y
<br /> ,.� � � ' 01 at{or erry part ot the property.8uch proceeQs will be apDned�D►ovided in Covenar►t 1.This assignmer►t is aubject to the terma of any prtor :• ,... .'.�; ..
<br /> ���., , • . - securltyegreement. • ',. _
<br /> - -�; � 18.Waive►.By exerCising arry remedv availabte to Lender,Lender Eoes�ot give up any dgfite to IBter use any other remedy.By not exerclsing .;��� .
<br /> any remedy upon 8000wer's detauit,LenQer Qoea not waive any right to tater conaider the event a deiauK t!it haOGens again. �.� ' � �' _
<br /> 'y,i_' ..
<br /> �� ; ` - 17.Jo1rR and Severat Uab(1� Co-signsrs;$uecosso�e and Asalgns Bound. All dutlea under thia deed of truat are joint and eeverai. Any _ �
<br /> Borrower who co-signa thi deed of uust but daes not casign the undefi►ing debt instrumernls► doea so only to 9rant and convey that .
<br />��+:.°�' , . 8orrower's intereat in tfie propetty to the Trustee under the tetma of this deed of trust.in addillon,such a Borrawer sgresa that the Lender aad :; . .
<br /> ; � eny othet Borrower under this deed of truat may extend,modify or make any other changes in the tetms of this deed of ttust or the secured ,
<br /> •�•i:;- �� � ' '� debt wfthout that Bonowet'e consent and wlthout refeasing that Borrowet from the terma of this deeA of trust.
<br /> �t.. �
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<br /> �t - � ' • The dutiea and beneftts of thia deed of Vust shall bind and benettt the successo►a and essi8na of Lender end Borrower. ;
<br />..�';.,- �•. � � �. . .,. .. .. .
<br /> 18.tltoUce.Unlaea otherwise requlted by Iaw,any notico to Bonower ahall be given by detiveting it or by,mailing it by eertifled mail addressed to �
<br /> '�".�i;:�.� 8onower et the propertY address or any othei addresa that Borrower has given to Lender.Bonower w�ll give any notice to Londer by certitied ,
<br /> ��; �{+ , . � mait to Lender's addrASa on Page 1 of thie deed of trust,ot to any othar aCdress which Lender has designated.Any other notice to Lender ahatl . .+
<br /> t � �' � be sent to Lender's address as atated on page 1 of this Qeed of truat.
<br /> :�' ;� ' Any nodee ahall be deemed to hava been given to Borrower or Lender whe�given in the manner stated abova. .
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<br /> `3"..:.:�. ' � � 19.Trm�ster of the P�operty or e Benefldal trRrirost in the 8artower.M ail or any part of the prope�or any irttereat in it is sold or trans ferre d
<br /> ��°�=��' wlthout Lender's prior written consent, Leader may domand immediate payment of the secured �ebt. Len6er maY also domand immecllate
<br /> •;�+:3f �•� • • .. payment if the 8orrower is not a naturel person and e benoflcial Interest in the Bonower ia sold or transfened.However, Lende�may not
<br /> - ;:;:;• _ . AemanC payment in the above situations H it Is prohibited bV tederal law as of the date of this deod of uust.
<br /> 20.Recomoyaneo.Wheo the obiigation secured by thla deed of trust has been paid and Lender has no turther obligation to make aQvancea �
<br /> �, s�';� under the instrumente or agreements secured by this deed of trust,the Trustee ahait upon written request bv the Lender,reconvey the trust
<br /> `�1�°,� �, ', property.The Lendor sfiall deliver to the Borrower,ar to Borrower's auccossor in interest,the trust deed and the�ote or other evidence o1 the
<br /> :�'�;!_��. . �; obiigation so setisHed.Borrower shall pay any rewrdation costa. •
<br /> 1 27. Suecesaor Truatoo. Lender, at Lender's o�tion, maV remove Trustee arM appoirrt a suceesaor trustee by first, mailing a,copy o} the
<br /> " � •+ �•,,: substitution of trustee as rsquired by applicabte aw,end then,by tiling the substitution of truatee for record in the o�ce of the reg�ster of deeds . .
<br /> ���; .
<br /> ti.°�,;;�'. . i of each tounty in which the trust Droperty,or some part thereof, is oituated.The succeasor trusteo,without conveyance of the property,shall �-•
<br /> � _ .'.� sueceed to all the power,dutiea,authorrty and title of the Truatee named in the deed of ttust and of any succeasor ttustee. '
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