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<br /> �' � ;;� 1, pepneitp.Bortower agrees to make a� paym e� on ths seaued debt when due. Unless Borrower and lender a�ee otherwise, any ';� t '
<br /> ` ' O81fine�s lender receives irom Bortower or Tor Bortowera benefit wiU he aDAtied Tirst to eny amow�m Borrower owes on the sec�aed debt •
<br /> exetusive ot hrtecest or ptindpal,secand tn irtteresL and then to prinapai.lf partlal prepayneent of the seeured debt oewrs for arry�eason,it wiil r;,
<br /> � � �` nat reduce or exwse a+ry sdieduled pfirtaeni unU7 the seaaed deDt is paid in fuU. _� ` .
<br /> � �� � ��' Z.Ctdma AgainRt Th6o.Bortowet wiU pay all texes.assessmer�,and other charges attributSble to the vroPenY when due and wiU detend titte �- � o�
<br /> j to tite propertY e�enY elaims whicA wouid impair the Gen ot this deed of trust Lendar may require Bortower to asslgn arry rights.Naima or �
<br /> �,`,;-.• ` defenses whicA wer may have against parties w1w siWD1Y la6or or mamriats to improve or ma�r�in the property `
<br />--eT: r.. < 'x,: 3.huiurutee.Bnrtawer wi0 keep the P►aPeKY�d under terms atoeptebla to Lendar at Boerower's eaPense and for Lender's be�fit.RU �� r�
<br /> • insuranee poficies shafl inNude a smndard mo�ge dause in favor oi Londer.Lender w�i be named as losa payee or as tha insured on any such � '
<br /> ''� _ �poGcy.Airy insurance prooeeds may e app li e d,w i t hin L e n d e r's d i s a e t i o n.t o e i t h e�t h e r e s t o r a t i o n o r r e p a lr ot tAe Oa m a ged Pro V a►N _ , —
<br /> �N ~ <J:�:`. or to the seeured debt.{f Lendar requ'ves mortgags insura�ce,6orrower agrees to maintain sueh insurence far aa tong as lender re4u'aes•
<br /> ^'} _ ��--i�«_ q,prpparty,Bonower wAI keep the property in goad condi�on and make ait repairs reasonably necessaN• �`' �
<br /> �' ` :
<br /> . � S,E�a�.Borrawer aprees to pay en Lenders expenses,inctud'ing re�nab�tee a�mo�to�l.ender a.�s pro deede in Comvenant 9�of4 ithis deed of � `
<br /> �`�.. t ¢ i` o!trust or in ssy obfigaGCn sewred by this dsed of u+at.Bortower will �•.
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<br /> '�'``' 8.Pirlot Se�cfhl 6�terests.Untess Borrower ftrbt obteins Lender's written canse�t,Barrower wnll nat make or permii enY changes w anY Oda , <
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<br /> y � sewriry irt�esta.Bortower wHl perform a(1 of Bortnwe�s oAtigations under any prior mortgage, deed ot trust or other securitY a9►eamertt. ':°
<br /> �� �, . : inctud'ing Bortower's covenants to make paymerts wt�en due. � `� �u '
<br /> .'� . - :. 7.Aaai�tnerR ot Rerte m�d Profita.Bartower assigna to lender the reMS and Pmfrts of tfie property.Untess BoROwer and LenQer have agreed ,c. "`�` �
<br /> o t S�a r w i s e i n w r i ti n 8.B o r r a w e r m a y c oll8ct and retain the recne as long as Bortower is not io detauft.H Botrower dafautts.Lender,Lender's •.
<br /> � ;-.�� ` agent,or a tourt eppnifined receiver may take Pusse:,sian and manage the property and coltect the rents. Any rer�L e o der co l le c t s s h a l{b e , .-
<br /> � . .. � •;, apRlied first to the oosts of managin�1ha property.induding court costs and attomeys' fees,commissions to rertal age�ts,and arry odier _ r ;
<br /> ;�, , nacessarY relsted e�qlenses•The remaming amount of rerts w i l l then appiy to paymeMS on ti�e seaued debt as provided in Covenatn 7. t,,,t.
<br /> � - = 8,��hp�r CondomTniur�q;piamisd Unit Devefopmenta;Borrower agrees to camp!y with the provisions of a�y tease if this deed of uuat is on �
<br /> � � � ��` a feasehold.i�this deed of Uust�s on a unit in a condomu�ium or a pianmid unh�iwstopme�u.Bonower wi11 pnrform ali oi Bormwei s duties �z �_:
<br /> ' r � undet the eavenarts,py�laws,m regulations ot the cortdominfum or ptanned unit devetopmem. `-. � ,�
<br /> , g.q�teti�y p�leu�Qe�to pertorm tai BoROx�►.If Borrower fails to_perform anY of Bo�W�s duties uader this dead of trust, Lender may � r L `
<br /> ;.+F�_'..' .. �_ - ; per(onn the Qudes or cause them tn 6e perfortned.Lender may sign eatrowe�'s�me or pay any amoimt if necesserY tor pertormance.If uN +�:
<br /> ( , ::��- consuucdon on the property is discortinu e d or no t carr le d o n i n a r e a s o n a 6 l e m a n n e r,L e n d e r m a y Q o w h a c e v e►i s n e c e s s e r l/m P t a����8 -�' •,"'::- ",,';'",•
<br /> � .. � sec�uity inmrest in the property.This may inctuQe compteUng tAe consuuction. �. 4 :
<br /> 7_ �.- "�
<br /> ',;r- � _.�. Lender's fa7ute to perform wilt not prectude lender from exercising any of its othet tfghts under the law or this deed of Vust. _
<br /> � ' � � AnY amou►ns paid by L.eader to promd Lender's secwity iMerest will be secured by this deeA of Vust Sucfi amowtts�nri0 he due on Qemand . '�:� _
<br /> - - � `� an�!Hn'If bear Mterest irom the date at the payment urti!paid in tui{et the irtecest rate ic►eHect on the seaued deb� '; �. �` _;
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<br />_��,lZ.' ; .F_�_ ., 10.Dofaidt orW Ac�eteradon. If Borrower faits to make any payment when due ar breaks any covenams under thta deed of uust or aay �- Y
<br /> ;,` obllgadon seaaed 6y this Eeed ot trust n�eny prior mortgage or deed of trust,Lender may accelerate tfie mahaity of the seeured debt and �. L;.
<br /> - demand immediate paVmesrt and may invoke the power of sale and any otfier remedies Oermitted Dy appiitahte taw. �� icq�;� -
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<br /> „ ., 11.Request for Notice of Oata�IIL R is hare6y tequesLed ihat copies of the aotices ot defautt and sate he sent to each persan who is a party ��. �_�_
<br /> hereto,at the aQQr6ss of each such person,as set forth herein. sz , ;,��,
<br /> � � �2,poyye�p}ge►a,lf the Lender imrokes the power o!sete,the Trustee st�all flrst record'm the oiflce of the tegister o!deeda of each cotmtY ` *'?� ._
<br /> "���' • ro or some art or p a rtel thereof is situateA a noUee ot defauEt coMaining the intonnation requ3red by taw.The Ttustee �w y��
<br /> wherein the uust 0 PenS► F `:-
<br /> ��s �,..• shatl Blso ma�!copfes of the notiee of defautt to the Bortower.to each pereon who is a party hereto,and to other persons as prescribed by , _ i�<
<br /> �; , app►ieabte law. IYOt Wss than one mortd� after the Trustee records the notice ot defauit,or two morths if the uust property i
<br /> a not in aml
<br /> incorpprateG atty or wllage and is used in tafming o�erations cartied an by the vustor,the Trustee shail gtve public nottce of sate to the peraons � � t ;
<br /> and in the rr�nner presai6ed by�apppllcabte taw.Trustee,whtaut demand on 8ortower,shall seil fhe prope�ty at pubtic auctfon to the tilghest : �
<br /> �i,'. :' , ' . � - bidder.If requited by the Farm ifomestead ProtecGOn Act.Trustee ahe(i oNer tha property in two separate saTes as reQuired b1►applieabte law.
<br /> 7nutee may D�Yone sa le o f a i l or any parce i o f t h e p r o p e r t V b Y p u b i i c a n n o u n c e m e r rt a t t h e time and piaee of any previously sehflduted sate. ��`�"
<br /> ��,��, . Lender m rte designee may P�►chase the property ai any sale. -- --
<br />..�-�:•: '
<br />-;;,�7�?�,. ', U pon reee(�t of paymsrn of the prtee bid,Trustee ehall deinrer to the purchaser Trustee's QoeO wnveylng the property.The recitials coMained in
<br /> '; , . Tnistee's dee d s h a 1 1 De Drima facie e v i d i e n c e o f t h e u u t�o�m e s t a t e m e rt s w m a i n e d t h e r e i n.T r u s t e e e t+atl a p p W the p r ocaeds o!the sate in the
<br /> ; •' , . ' foliowing arder. lai io eii enpenses of the eale, including, but not limited to, reasonable T►ustee's fees, reasonabte attorney's fees an d �y .,
<br /> " ''-` • . , i _': reinetatemertt tees;lb)to all suma seeured by this deed of trust,and(e)the balance,if any,to the perBOna tegaity errtitfed to reeelve it.
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<br /> �`^'` � ' 13.Faredos�ue.At Lenders option,thia deed of uust may he forectosed in the manner provide by apD�lcabfe taw for forectosure of mortgages _ . ;:.�..
<br /> � � an real prop�ertY.
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<br /> �'._i .� 14.MsDeadon.Lendet may errter the property to inspeet rt if Lender gtves Bonower noUce beforehand.The notice must state the reasonaD►e -
<br /> �=,. cause fo�Lertder's insgection.
<br /> ��';• 18,CpnQemral3on.Bortower assigns to lender the.proceeds of arry award or Naim tor damages eonnected with a condemnation or other taking :�
<br /> � � of all or any pan of tha property.Sueh proceeQs wdl be eDP��ed as Otuvide0�n Covenant 1.7hi9 assi�nmen!is subject to the temta of any prfor �•;`,,�.,�,'•�_
<br /> �.3��:�•,'� .. . :.r. 89CUfIL�/8�88I118fR. •.. , .
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<br /> � ` 16,Watver.By exereising arry remedv availabte to ts�der,Lender does not give up any rights to later use a�I other remedy.BV aot exercising , •
<br /> �•�:;.� • � _ . , any remedy upon Bonower's dofautt,leoder daes not waive any►ight to tater consider the event a defauft N it happens again. . ;
<br /> -f�,-.:_:,�' 17,Jo2nt and Seve�il utS Co�sl�u�B: Sueteesara end As�s Bo�d� A�� �� under t h ls dee d ot trust are joint and several.Any . .
<br /> �.,� � � ' Borrower who casigns thls�eed of bust but daes not eo-sign the underlving debt instrumeotlsl does so oniy to grant and wnvey that �..�� �
<br /> Bonow�r'e irrterest in the D►operty to the Trustee unQer the terms of thia Ceed of Vust.In add'Rion,such a Bonower agrees that the Lender and
<br /> ,��i��.<•� ar�y ather 8onowar unQer this Qeed of trust maY exten0,modifv m make any other changes in the terms ot this deed of trust ot the secured
<br /> -3`�� - debt withaut that Bcr►ower's eonser'a+�d without reteasing that Bonower from the terms of ihis deed of uuat. �
<br /> � � :._ . _
<br /> '- '- ' . TAe 6uUes and benetite of this deed of Vust sAatl Dind and benofit the suceessora and assigns of Lender and Borrowe�. . +
<br /> `�;::".. . •
<br /> � : . . � 18.Notlee.Untess otAerwise required by law.any notice to Borrowe�shall be grven by defivering it or by mauing R by certified mail adQressed to ,
<br /> � . Bonower at tha proporly address or any other address that 8onower has g�ven to Lender.8orcower will give any notice to Lendor Ey certitied
<br /> , . . � mail to LenEer'e address on page 1 of this deed of trust,or to any other aQdress v�Aich Lemser has desigrtated.Any othe►notiee to Lender shatf .
<br /> be serrt to Lender'e eddrass as stated on page 1 01 Mis deed of trust.
<br /> ,�;�,-•,- ,� . :. r .
<br /> �`• 'y � �-i Any no4ice sfiail b9 deemed to have been given to Borrower or Lender wAen given in the manner ateted aEnve. _
<br /> _•{��:_'.'- •.
<br /> �!��`�'��' �� ' 19.7racwtat o1 the Property►o►a Bonofld�tr�t9te�t In tho Bartowo►.If all or any part of the p►aDertv or any iMerest in it is sold or transterred ,
<br /> •,r' �_ without Lendor's Ortor written eonserrt, Leoder may demand immediate paymom of the secwre� dobt. Lertder may etso domand immodlate
<br /> �� ..';;': • paymertt if the Bonowe►is not a naturat Oorson and a beneflcial iMerest in the Borcower is sold or bansferred. However, Londor maY not � . �
<br /> domand peyment�n the above SitusHons if it is prohibited by faderal law as of the dato of thls deed of trust.
<br /> '�-i.�;.� .
<br /> :;:.,;. , � 20.Reeonvoyanea.When the obtigation secured by thr�deed of trust has beon paid,and Lander has no turther obligation to make advanees � -
<br /> •��•. -: � unde�ths msVuments or agreemonts secured by this deod o(trust, the Trustee shall,upon written request by the Lender,teCOnveY the bust i, ••
<br /> Y�, -.� � � - '
<br /> � .., , j property.The Lender sha�l de8ver to the Borrower,or to Barrower's suecessor in interest.the trust CeeA and the note or othor ev�de�ce ot the
<br /> i.,_,.�.. ,_ � oC4garon so satisfied.Borrowe�shall pay any rocordat�on costs. '
<br /> first, mailin a coDV of the �
<br /> 21.Saceessor Trustoo. Lender, at Lender's o tion, maY remove Trustee and appoint a successor trustee by 9
<br /> �t� ' � � ' >ubstittr0on of bustee as requi�ed by appGCable Paw.and then.by fdmg the subsbtut+on ot trustee tor record in the oHice of tAe register ot deeds {
<br /> �� ' of oach eounty in wnich tha irust property,oi some part tnereof, is srtuatad.The successor ttustee.withaut tonveyance of tAe property.shall 6 '.
<br /> ��" "` suteeed to ell the powet,duties,autAOnty and Mla ot thg Trustoo named�rt the deed o1 trust and o}any suecassot ttustes. � • ._ ___.
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