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<br /> ,� . . ,` 7. Pay�nerts- Borro�nrer a9rees to rteake aD payments w d�e seaued debt when due. Untess Borrower and Lender a�ee o�. anY ' v �
<br /> - L1 << paymerns Lender�eeeivos tmm Banowe►or Tar Bof►oweYa hen8flt wlli bs apPlied firat to an1► �ourrte Borrower owes o�the seeured deEt �N c
<br /> exdtcsive of intetest av p�incipa�.SeGOi1d Lo ir�test.end lhen to Pn^dpel.it paztiat prepaYme�rt af tha searted debt ocaus for any reason,it will f .
<br /> - `� rt ``� ' - :' not reduce or ezeuse�7f scAeQuted PaYment�tfU7 ttre seared da0t�S pa[d in tuiL `'.^_=;r':
<br /> •�.`. • ` " ` Z.QeUt�a Against Titie.Bortower w�pay aU texe9.ess9semetrts.and other ehargee attrmutabte to ttte oroperty when due and wiU defend tids `
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<br /> _?.;�., . pertyag�r�st anY daims whixh wautd impair the tion af this dead at.trust.Lender may►equire Borrower m assign any rights.deims ur - �� ;� ��
<br /> � �� Qetensa�a w h i c h B o r r Ower maV have against p a r t ies wlso svPD�V tebor or matenafs ta icnprove or mauimin tAe DroDe+tY• � s-_ :
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<br /> 3. U�8tum�eo. Borrower xfiR iceep the proDenit insurad uader terms aeCeDtaDle m Lendar at Borrower's exper�se and tor Lender's denefit.All � �
<br /> � : � , insiarence paiides shafl indude a stendard martgag e ctause in fava�of Lende�.Lender wiR be named as loss payee or as tha insured on an1/such
<br /> , ���y pny insur�e prpeee09 may 6e appfied,within Lenders discrepan,to eitner tne restoration or repair ot tne damaged property _� ;
<br /> a �¢' or to ttte seeurad debt.If Lender requirea mortgage u�suranes.Borrower agrees to mairRain such ir�s�uance.[w as tung as t.ender requises. ,-s� .
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<br /> :` s 7'".r""�.. 4.Ptop�tY.Borrower vviil keep the orovamr m good eondaio�and make ell repa'ua ressonadty necessary. - ,.
<br /> �/i `� r ti� "+'•• 5.�a�,Horrowet w pay all Lender's e:peases.inctuding reasonabie attomeys'iees,if Bortower brsaks any wveaams in tliis deed � --
<br /> • �r �-r• f,, ;� o f O v s t o r m a r�y o b 8 u n s e a u e Q b y t h i a d e e d o f u u s�B o r r o v J e t v h l l p a Y these amaurtts tn le�aa Provided in Covenam 9 of thls Qeed ot -
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<br /> �r��° �,� 6.p�g�ty�,Untess Borrower rust obteins Lenders written eonsa�rt,Bonower wiil not make or pertnft anY��g��8^y p��
<br />__ z �' ' : se��imaras1s.Borrower vn'!1 pertortn ail of Borrower's obtiaations urtds►arry prior martgage.deed of trust or other securtty a8reemert, ,f; .i
<br /> - �� ` - _`.� inetudin9 Bar►owefs covenanta to matce GaYmBrt[s whet��e. `
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<br /> �.p�at�mne�t of Re�er�prpfite.Borrower assigns to Lender ths re�ts and profits of the Property.Unless Bonower and Lender have sgreed �� :
<br /> e .• 4 ptherw�se in writing. Borrow�maY cottect end retain the rertts es long as Borrower is not in defautt.H Banower defautts.Lender.Lender's ,,
<br /> agent,or a caurt appoirted reeetver may take possession and manage the property and eoAecs the rerts.My re�lender coltects shall be � T- �:
<br /> �y�� Y` appl�{qy�to the costs of managu►8 the proPertY, induQng caurt wsts and attomeys'tees. commissions to rerrtal agertts. and any other _
<br /> `'"` , �geessary retaLed e�enses.The temamm9 amount of rertb w��1!ihen apPty to peYmer�on the secured debt as provided'm Covenant 7. ,� ._•,
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<br /> 8.���•��g•p��untt�ecrta.Borsower agtees to camptY with the provisions of any lease if this deed of Vust is a� �.4� , �
<br /> 4 t�;��',. � r a teesehald.t�tAia deed af trust is on a untt ie a candominium or a planned�mit davebP�ant. Bovower wiil pertortn aU of Bonowers duties r .
<br />- . ,c. . •.� ��:.�, ` under tfie coveisartts.Ey-laws,or re8uladons of tha condamfNum a planned unit aevetnPmerrt. - :`:�y,�
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<br /> ��-.. .�,.'.,:`_ � 9.A�l of L�d�w Per[artn tor Banaw�.it Barcower taiis m pertartn arry of Bortowe�s dutfes urtdm this deed of uust. Lender maY
<br /> .. ,_,,�. .. .. ....�� perform the dutiea or cause tAem to be perfarmed.Lender may sign Borrawefs name m QeY a*►Si amouM it aecessarV tar pertortnance. !f any .- .�s:._:
<br /> construqion an ihe property ts disCOminteed w rtot Carried on in a reasonabte manner.Lender may Qo wAatav�is necessarl/m pro���nders r,x.ti
<br /> ' ��:..-� ��.� seauitY inmrest in the D�ovenY.This meY indude comptetin9 the congavction. � ,
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<br /> ���t,: . f ;� Lendera feihae to petTOrm will aot Dredude Lender hom exercis�9 e�Y of its other rlghts under tlfe Iaw ar this Qeed of trust. ` ;;�
<br /> �;`':- .'':_. ..,,..' /�v amounts paid by Lendet to protect Lender's securitV�me���be.seeuted by tlils Eeed of wsY.Such amow►ta wiil be due on demand s � -.�:
<br /> . and wi8 beat interest irom tha Qate of the paymertt urnH pald in tull et the mterest rate fi effeci an ths sewred Qebt.
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<br /> `F' 10.Detmdt end Aeteleratlo».H Bertowe►fails to make arry paYmeat when due or 6realcs any covenar►ts under this deed of trust or a�ry
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<br /> ''Y� obtigetion sewred bY this deed of trust a ar►y prior muR9age or deed of uust,Lendet may accelera�e� �amahmtV of the secured debt and � �•,;
<br /> �'�: : y :. i demand immedl�te paymert m�d may imroice the power ot eate and any cther remeQtes permitted bY eDV f��s
<br /> ` ` 11.Ro�ost tor NaHaa of Dofau�.n is hereby requested thai coptes of the noticea of QetauTt and sate be sert m each pereon wtro b a party .. v
<br /> - '�� ;� he►et0.at the address ot eash sueh person,sa 58t fOM hB(ein. } i` -
<br /> J ,' �Z,powe►ef Sele.H the Lender imrokes the power of sale,the Trustee shall ihst record in the offiee of the register of deeds of eaeh couinY �' ��
<br /> � uvherein the uust Droperty or some paR or parcal tfiereof is situated a notice of detauR conteintng�tnafwa�o�e pited��woTTh�Qi6e�d b • -•
<br /> form
<br /> �, '-, shall also mail coAies of the notiee of defautt to the Bonower,to eaeh person who is a party h ••
<br /> 4 _ ��. � applieahta Iaw. Not lesa then one montl�after Me 7rustee reeords the notiee of defauit,a two morrths if the trust p�opeRY 1s not in ent► "�
<br /> ' � ineorporatea efty or vitlage a�d is usad fn tarmh�9 operations car►ied on by the trustot,the trustee sl�all givu pub1ic notiee of sate to the petsans . ;
<br /> .�� ' ,�.s. . �' and in the mamrer Prestribed bv epp0�ea61e taw.Trustee,without dema�►d on Bortower.afiaU sell the propertv at pubtie auction to the�ighest �..•,i ,':•:
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<br /> • *• � � � � bidder.lt required b1l the Farm Nomeatead Pratection Act Trustea shalt offer the property In two seyarate safes es re�ired bY aDPlicabie Iaw. ..:4 :'..-'.
<br /> '}� ' � ' � " Trustee maV Dostpone sale of all o►any petcel ot the property by pubfic announcement at the tlme and piace of any previoasly scheduleG sate. :,. .. . �'.�:_
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<br /> .--��.:+, � Lender or iis designee maY purehese the property at any sale.
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<br /> _�4'"�� Upon recelpt of parment of tftg prtee bfd,Trustee shall deliver to the purchaser Trustae's Qeed comeYUg the properiy.The reatiats contained in
<br /> �G � Trustee'e doed shaJ be prima faue eviEienee of the uuth of the statements contained therein.7nutee shait a9plY tAe Droceeds of tRe eate io tha � .�%.•,r,� _
<br /> =�`-�•` '• � • ` � toUotiving order. (al tn ail aupenses of the sate, inetuding, but not tlmited to, reasanabie Ttustee's fees. reasona�te attomeya fees and . ,':
<br /> -�j{'.�:; reinstetement fees:(b)to aIl sum9 secured by this deed of trust,and(c1 the batanca,ff any.to the peraons legally errtltted to receive it. l:� _�.•�
<br /> �""`� � y` 13.Forados�ue.At I.enders option,this deed ot uust maY be foieclosed in the ma+mar provids by ayAiicabte taw tar foredosure of mortgeges . _
<br /> an reat property ' +
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<br /> ' tq,Gfspee�as�.Lender may enter the property to inspeat it it Lender gives Bonower notlee beforefiend.The notlee must state ihe raasonabls ,_ '-
<br /> f��` ' . CBUSeafi►LendeYs inspection. � y
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<br /> � �,: -• � • 16.Canda�u�tlom Bonower nss!gns to Lender the proceeds of any award or claim for dam�.ses�onnecied with a wndemnaUon or other takin8
<br /> of ell o►arN Dart cf the proper[y.Such proceeds wt�l be applied as provideA in Covenarrt i.This a�stgnmerrt is subject to the terms of any pria ,
<br /> ��:.'` � seeuritYagreemertt. ;
<br /> '.�j;`` ;' , • , � � r 18.Waive�.By exercising eny remedy aveilable to LenAer,ts�der doea not glve up any r�qhts to latei use any other remedy.By not exerels�ng , "
<br /> � . ; arry rameQy upon Bortowe►'s defautt,Lender daes�ot waive arry rigM to later cortsider the eve�t a defeuk if it pappe�agaln. �
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<br /> .�'Y;,��; ��.�JaLR end $evera!iJe�ity� ����; guoeesscrs end Assigns Baund. All duties under this deed of t►ust are joint end several.Arry .
<br /> .}, :M� , Borrower who caslgns this dead of uuat but Qoes not co-sign ths undertying deDt insuumerrtls)does so onhr to grant and unvey that
<br /> ��t �.', �� Bortower'8 intetest in the praDetty to the Trustee undet the termtvs cof this deed ot t►ust.In addition,s�..fi a Bonower agreea that the l0nder and .
<br /> • �y ot�htohr ��te�owere eonsem�and withouYt reteasing that Bonower hom thte erms ot 4h1s deedtof�buat thia deed of bvst or the secured
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<br /> �����'° TAe dutles and beneflts of this daed of trust sholl bind and beneTtt the succesaora and assi8ns of lender and Borrower.
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<br /> ��; ;�' . � � 1&Notleo.Untess otherwise required by law,arry notiee to 8orrower shatl be glven by deiiveeing it or Dy mai�ing it by certitied mail adQressed to _ .
<br /> '' " � Bartower at the property address or anV other addtesa that Borrower has given to Lender.3orrower w�ll give any noUce to Lendar by eertfied . •
<br /> . }; �':` � mail to londer's address on pa9e 1 of thie deed of trust.or to any other aQdress which Lendes hae designated.Any other notiee to tsnder shail .
<br /> •�`.'� , �e seM to Le�der's address as ateted on page 1 M tfils deed of trust. �
<br /> • j;�.,�;U � • My notiee shall bo deemed to have been given to Borrower or Lender when gYven in the manner stated abave. •
<br /> ';�,:..•;:•. . . .
<br /> 19.Transfer af the Praperty or o Benafldal Irtterost in the Bonower.M ail or any part of the proDertY or any irrterest in it is soiQ a ueastenad �
<br /> �;�° '�"� , withaut Lender's prlor mitten consenT. Lender may domand immediate payment of tAe secured debt. Londer nray atso demand immedlate
<br /> payme�t d tAe Bonower is not a neturel parson and a 6enaficial interest in the Borrower i9 eold or transteired. However, Lender maY not
<br /> �' � ' ' • � demand payment�n the above s�tuations i}it ts pron�bited by federal lavi as of the date o1 this deed of uust.
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<br /> ?'�' � 20.Rxonveyacno.When the obligation secured by tMS deed of uust has been paid, and Lender has no turther obifgatlon to make advenees
<br /> f:'��� � • • 'I under tfie instrumonts or agreement9 secured by this deed of truat, the Ttustee ahall, upon written request bv the Lender,recorney the trust ��
<br /> propertyr.The Lender shall de6ver to the Borrower,or to Bonowei s successor in mterest,the trust deed and the note or othor ovidence ot the
<br /> '�s�` , ` obligation so satisfied.Bonower shail pay any reeordatron eosts.
<br /> �`�`t�'" Zt. Sueeossar Trustee. Lendor, at Lender's o tion, may remove Trustee and appo�nt a successor trustee by lirst, maihnp a topY ot tfie
<br /> }� � suDst�tut�on o!trustee as reQUirad Cy apD���able Paw,and then,bV filing the substitution ot trustee for reeord m the oNice of tAe regiater of deods � .
<br /> }, of each county�n wh�cfi the trust property, or some part thereof,is srtuated.The successor trustee.without conveyanee of tAe property,shall 1
<br /> "3' ,° succeed to all tAe Fa�t,dutiee,authorrty and trtte o1 the Trusaee namod m the deed o1 t+ust and ot any suecessor uustee. , . . .
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