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<br /> � 1. Peyatonts. Borrower agrees to make allpaym enta an th^ seeured deht when due. Untess Bortower and lender agtee othemise. enY ti�+ '� �
<br /> paymerrce Lender receives irom Bortower or ai �6ortowera benefat w3it be appGed first to a�l amonrtts Bonowsr owes on the seared debt � f : �°:
<br /> � al.it artta1 preAaymem of the sar.ured debt occ�us t9r any reason,it wili 4
<br /> rt.s,. `` . r � exdusive of Interest at pdndpat,seeond to IMerast,and then to Orh►dP P ,
<br /> - ": not teduce a exwse enY schaduled psymetn wAU the secured debt is paid in fuD. -�,�� , a` ; �•
<br /> `4 1� 2,C�ms pgatrmt Title.Bortower witi pay all�ta�ces,e3sessmerts,and other eharges attributaDte so the property when due and witl dafe�d trtle `4
<br /> to ffie pmpertyapain s t a n y d a i m s wh�ch woutd imPair the Hen of this deed of trust.Lender may require Borrower to ass�gn any nghts.cta�ma or ,�- � �
<br /> _ - defenses which 8ortawer may ha�egainsi Partles who supply Ia6ar or materials to improve or mamtain ffie propertY. `"- - -
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<br /> ,. t:' S,f�mam�ee.Borto�er�v111 keep the proPe►tY insured und�tertr+s aeceptahte to Lender at Barrower's expense and for Lender's benefii.AQ .
<br /> "�`�:. . . . ,:.{: insurar►ce pol'iNea ehe11 induE9 a eta+�dard mortga8e dause in fevor of Lender.Lender wili be named ea losa Payee or as the ins�ued on anY such s_� .r
<br /> ins�uanee Doticy MV insurenee Proceeds may 6e apptied,within tender's disaetlon,to eiMer the restaration or repair ot the damaged property ;b„ z � '_
<br /> -` �`- or w the sewred CehL If Lender reR��mortgege mstuance.�+mx�agreos ta mak�min sueh insuranca!or as bng as Lender requires. � __
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<br /> —;:<��-, y„'°""-'� 4.Propetry.Bortouver will keep the pruPe►c1r in goad condidon and make ail repahs reasonaDty ne�rt►. _ a � ��-
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<br /> u`;?; '.:.,:',,:-�:,,'.".r�:: 6.E�enaas.Borrowet agrees to pay afi Le�der's expenses,induding reasonable attomeys'tees,if Borrower breaks ar►Y eovanarKa in this deed `�.?�::;�;._�,'Y': �`
<br /> �•.;: : of uust or in any obilgation secured bY thia Aeed of trust.Borrower wH!pay these amoatts to lender as provided in Covenartt 9 of thia Qeed of `
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<br /> � g.pdor Sewrity brte�este.UNess Bortower flrst obtains Lender's vmtten conse�rt,Barrower witl not mafce or petmit any changes to any prior
<br /> k E> inc�Nd g Borrower's�aovenarrts w�ma�ke pa�yme�rtta�w�hene�s�bGgations under any priar mortgage,deed of nust ar other seaulty apreemenL 'c�`' i��.'
<br /> r ?,q stAy t�M a}ReMa aitd Pmftte,Bdrtower assigns to Lender the rer�and profits of the proparty.Unlesa Bonower end LenQer Mave a�eed '� rd � -
<br /> � • � � otherwfse in mittng, Bortowet may coitect end retain the rente as tong as Bormwer is not io defautt.if Borrower defautta,Lender,Lendafs <<`,
<br /> ' ` s ager�t,or a court appointed�eoeiver may take possession and manage the property and coltect the terrts.Anll rerts lender coilects shalt be _ 4 ::
<br /> BDP B e d fist to tite costs of mana9lng t�he DroVenY,induding court costs and auomeys'fees,commissions w recKei a erts,and any other .
<br />�'.°�==` `E-,.�. '.? neeesaffitl�elated expenses.The r e m a l N n9 amourtt o!rerns w i ll tRen epply to PaYme�on the se�wed debt as provi d e d in�ve�artt 1. �
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<br /> ~�• 8.���•�;ptamied Unit Qevetopmemm.Borrower a�eea m compIy with the provisions of anv lease if this deed of trust is on `ry �4�r,-
<br />�;,,�`: � :``�js;�; a leasefiotd.t�tftts QeeO oF trust is on a unit in a conQominium or a p ed unit develapmertt,8onower will pertorm atl of Borcowers duties r ;.y �
<br /> � un dar t he eove n a n t a,b y d a w a,a r r e g u l a t i o�s o t t h e c o n d o m i n t u m o r�t anned unft deveb pmerrt. �
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<br /> � � 8.Autlsotltlt ot Lender to Porlarrw tor Borroa►e►•If Bonawer fails to perform any of Borrower's duHes under this deed o!vust, Lender msy r :�:
<br /> t�; -:,� T peAorm the Q u des ar cause t ha m t o be perfarmed.Lender rs�aV si9�Bortowers name orpa Y any amourt H necessary for pertartnance.if anY , ,. .`--
<br /> �� - er may do whatever ia necesaerl►to proteet t e n d e rs :� <1 �. •
<br /> � construction en thepraperty is d'isccrrtlnued or not cartied on i�a reasonabla manner,Le n d ,
<br /> r ,�. ,' sec�uRy inte�egt in the property.Thia may indude compteting the consbucdon.
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<br />:� ,� �. � �r Leader's feilure m peAorcn wf0 not predude Lender from euercising arry oi its other rigMa under the 1aw or this deed of uust. r ,
<br /> �'? r -�l�y: Any amour►ts DaIA bl►Lender to protsct lsnders security irrterest wili be seeured by tfiis Eeed of trust.Sucti amourtts wiil Oe Aue cn demand
<br />_ -_ . :m..�'.��;,: an0 wiil bear intsrest fmm the date of tha PaYmeru w�tii pafd in tui{at the irtterest mte in eNect on tfie secured debt. µ Y, •���
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<br /> �r� ` t 10. DeMWt and Acceteration.�f Bortawer taits to make any paymerrt when due or 6reaks any covanartts under this deed of vust or any �^
<br /> �" � f abiigaUon secured by this deed cf trust or atry pdor moRgage ar deed of uust,Lender may acceleraie the maturiN of the secured Qebt end
<br /> �.t. �:.��- - :`;,'��:';;:;, dentand knmeQtate pa1m�errt and may imroke the power of sats and acry other rert�edies permitted by aPPRaabfe law. •.4 � ':s .,:
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<br /> � � � 11.Re�eat tor NaHce of CofmAt-tt is hereby requested that copies of the notices o f Qe f a u t t an d sa te b e s e c rt t o e a c h D e r s o n w h o i s a p e r l y . , , �
<br /> � , .�,. � hereto,etthe addrass af each sucfi Derson.es sst forth herein. � a --
<br /> k ' ` 12.Power af Sate.lt tfie Lender invakea the powar of sala,the T�ustee shail flrst record in the olflce of the�epister of deads ot each co�mtY '. ����;;:
<br /> whereM the trust property or some part or parcel thereof is situated a noUce of defauk contaiNng the informatfon required by law.The Trustee ,.
<br /> f� ereto,and to othef persons as preaeribeA by :• , z ,�
<br /> �L� � ' r_ sheil atso maii copies of the notice of defauk to the Bortower,to eact►person who is a DenY h s not in any �,;,
<br /> ap0��ebie law. IVOt tesa ihan one ma�rth after the Trustee retorde the notice of defauit or two mor�hs H the truat PmPeRY i ,4���..
<br /> � • ;, incorpofated city or viitage aad is used in tatmfig o�peradons car�ied on bY�e uustor.U19�tY8L88 sfiell giV9 Q1�bIi6110tiC0 Of 8819 LO U10 pel80tIS :J . - .�l`y. _
<br /> �._;r.-, ' and in tha manner prescribed by appptieable law.Tmstee,w8haut demand on Borrower,sheq seil ffie propertY at puEGe auCtlon to the highest :-�_::_r. �
<br />;s�:-`.:t: . � .. • •'-:° bfdder.H requlted by the Parm Ftomestead Protection Act,Tnistea ahail oHer the propertY in two separate saies as�equired by appl(cahte law. '�'�j,.;,.. ,,.;:.�''.
<br /> �;�- Trustee may postAane eale of afl or any patcel of the proyerty by pubfic announcemeM et the Ume and place of eny previousty schedu�ed sele• -- :.,�.�
<br /> �f ^ Lsnder or its designea may purchase the praparty at any sale. -, �
<br /> ' Upon receipt of paymern of tAe price bfd,Trustee shall detiver to the purehaser Trustee's deed conveying the property.The recftiats car►teined in f ;� ';-
<br /> Trustee'e deed eheil be ptima facie evidienee of the ttuth ef Me statements contained thereln.Trustea shall appN the proceeds ot the sate in the
<br /> � �' �' tollowmg ordar: la) to atl expenses of the sate, including, but not Iimited to, reasonabie Trustee's fees, reesonafote attomay's tees and �
<br /> g , ' . ?: reinatatemertt fees;(b)to ail sums sacured by this deed of trust,and(c)the balance,H any,to the persons Iegally eMitled w receive it. :
<br /> ' � , �!S%'�.�.
<br /> � i �' 13.Foradoauta.At Lende�s option,this deed of trust may be forectosed in the rrtanner provide by app i ica b le law tor f ore c tosu r e o f m o rt g a g e e � <�
<br /> ' on real property ���.
<br /> �� �' 14,Ina�ea8on.Lender may emer the propeny to Inspect it if Le�der glves Bonower notice betorehand.The notice must state tde reasonahte `~'�
<br /> � � .� ' ': cause for Lender's inapectlon. � "�, `�
<br /> a. �
<br /> �' ,�`: • 16.ConAemnadan.Borrower assig��s to Lender the�ioceeds of any award or ctaim for damages connected with a conQemnation or athet taking
<br /> � .� securitY a�emer tt the P�opeAy.Suct�proceeds wi t bo apptied ea provided in Covenant 1.This essignmerrt ia subject to the terms of erry pricr
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<br /> � .. ` 18.Watver.By exercising any remedv avaftabte to Lender,Leoder does not give up any tights to later use anV other remeQy.By not exercising �
<br /> .1 any remedy upon Bonower's defeuh,Lender does not waWe any rigM to later conaider the eveot a defauit H ft happena egain. ,.: �
<br /> �� . �, 17.Joirtt end 8everal LlabIIitY: Caat�ere: Sueeeaaora and Asalgna Baund• Atl dWea unQer thia dead of uust are joint and several.My �. . �, �, �
<br /> ` Bonower who casigns this oeed of truat but doea not co-aign the undortying deD! Instrumentfal does so oniy to gtant and convey that �•"'.
<br /> ,1 Bortower's irterest in the property to the Truatee under the terma of thia deea of truat.In addition,such a Borrower agreea that the Lender and
<br /> -?'��`�?:��� , � ` t arN ather Bonowar under this deed of uuat may extend,modify or make any other chanqes in the terms of tAla deed ot uust or the secured 2� "
<br /> ;�r's, '. � de6t wfthout that Bonowei's consent and without reteasing that Bonower ftom the terms of thls deed of vust. . -
<br /> t�t�:�-. . • ,
<br /> �{.",:'A .. . ' Tho dutlas anA bonefita of thia deed of Vust ahail bind and benet'n the auccassors end assigns of Lender and Borrowe�. .
<br /> �i '�,,,: 18.Notlee.Untess otherwlse required by law,any notice to Borrower shalt be given by deUvering it or by maitlng it by certifled mail addressed to ... ,
<br /> ,'�' �?-.'�, Borrower at tfie property address or an5r other address that Banower has gWen to Lender.Borrower wfll give any notice to Lender by certifled :;:
<br /> z.�. •
<br /> r:..•s�. t mail to Lender's addresa on page 1 of this deed oi uust,or to any other addresa which Lender has designated.Arry other notice to Lende►shalf � i
<br /> � be serrt to LenQeYe address as stated on page 1 ot this deed ot trust.
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<br /> _�,..:'- � , ; Any�oUee ahail be deemed to have beeo given to 8orrower or Lender when given in the manner stated above.
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<br />':�.�t �-: � • � �g,Tr�nater o!tho Proporty at a 8enettstai frtterest in 1ho Botrower.if ali or any part ot the propertY at any interest in it is sold or tranafened
<br /> u�•::' . without Lender's prlot written consent, Len der may d e m a n d i m m e d i a t e p a y m e n t o t t h e s e c ur ed debt. Lender ma y atso demand immedlate � �.
<br /> T . paymont if the BOtrowet is not a natural person and a baneficial interest in the Borrower is sold or transfened. However, Lender may not
<br /> t.� � demand payment in the above situatiana if it ia prohibited by tedatal law as ot the date of this deed of trust. , .
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<br /> ;�-� ' ' � 20.Reeanveyaneo.When the ohligatlon secured by tfiis deed of uuat has been paid and Lender has no funher obilgation to mako advaneea ,
<br /> -� ' ' under the inaUumeMa or agreementa aecured by this deed of truat, the Trustee ahalf upon written request by the Lender,reconvey the bust
<br /> - properry.7he Lender shail deliver to the Borrower,or to Borrower's successo�m mterest,the uust deed and the note a othar Hvide�ce o}the
<br /> - - � oDligation so satisfied.Borrower shall pay any recordation costs. • �
<br /> _ ' �'.,� 21. Suaoasor Truateo. Lender, at Lender's o tion, may remove Trusteo and appoint a sueeessor truatee by tirst, maitmg e eopy of the ;
<br /> ', ,. SubstituNon of trustee as required by applicabie Paw,and then,by flling the substitut�on of trustee fo►record in the oHice of tho reglster of deeds � .
<br /> �':1.�., '. ; of each county in which the trust propeRy,or some part thereof,is artuated.The successor trustee,without convayance ot the property,shell .
<br /> ;'� n- -i succee d to s l l t h e p o w o r,d u t f e s,a u t h or c t Y aed title of ths Trustee named in the deed of trust and of any succsssor trustee. � :
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