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<br /> t : oay�����r�ei�es{�pm gprroYyer pr cr gcrrower's beneflt w be aDD�eO tirst m any emcurus 6aROwer owoa on the sec�aed debt << s.� .
<br /> e:dusKe of u�cerest at Dri�eiDab Seoond to ir►te�esL and then to P�A�.If partial prepaymer+t at the seeured debt ocuaa tor anY reason,it will _ .Y
<br /> ` not�eQuce or^••}���eny ScfiBdulsd Qayme�t W�til the seatced dabt ia paid in ful1. ,..4 n,�.;�,':.
<br /> °�� r . , Z.�Qgetnst'i�.Bart4se�uviU pay sU ta�s,asgessmes�•and otAer eharges attributable to tnepcaDertY when due and wiSl detend titte ,� " : `.
<br /> .�_ ` `r. ` `�.�` �y elai�ns n+fiich woutd imPair tAe Gen at this deed ot tr�at Lender may requUe 8orrower to assign arsy rights,daims or �4.: .
<br /> <,.. .. - �n s e s we t�k h n n v u m m a y k a v e�p a r t i�s v�fw s u p p N�Lor or matertats to improve ar mairrtsin tha properry. `�:�
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<br /> �, :", , � 3,htsurentee.Bortower wi71 tceeD�a DmAenY�ed undar terms accat�le to lender at Bortowefs e:p�nss and!or Lender's Cenefit.AII � `
<br /> � 'c`` �° insurance poGdes shaU Lu�cQe a starndardm�g�ge dause in favm ot Lender.Lender wllt be named as loss pfiree or as tha irts�aed on any such � - .•
<br /> � insuranee poGc.y.Any ir�surance pcoceads may 6eap plieA,witiun LanEers dis�xetion,w either the resmratibn or reD�►of trie damaged OroDertN f`r'b:i4.'.
<br /> ° - or tn tAe seaus0 ttebt-!i tefldet requiras��uam�•�+ro+Ker agrees to mairttain sucb insurance for as Iong as Lender re�uires. � _
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<br /> � . ��.-1 ., 4.@Royerty.Bonnwer wnit keep tha FroDertY in gond con�GOn and make all repairs reaso�bty ne�sary. �
<br /> �. 5.Eapense�.Borrower aprees m pay aU Lenders expenses lnduding�essonab[a atmmeys'tees.if Borrower breal�s arsY wvertants in this deed '�� =.
<br />:]���: ' `. 'r ' •`s:� o}�t�tryust ot in any obBgatwn seaued DY lhis deed of trasL�orrovver v+n'il pay these amounts to Lender as provided in Cavenant 9 of this aesQ of .�E,t;., �
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<br /> ���°�- 6.i3tor Serau$11�UNess Ba�rowet fitst obtains lendar's wrltten consert4 Borrawer xnll not ma(oa ar permit any changes m arry prio► �. t r � .-, r.'
<br /> ; . � - security i�ests.Borrower wiU pe�[orm a0 of Bortower's oEligatiore under anY pria mortgaSe. deed of uust or other security agreertecst,
<br /> `,. in�udng Bottuwer's cavenet�to etake D��when due.
<br /> � f `�4 � ?,psst of Rertts and PeoBts.Borrower assigns to Lender the rems and profita of ttfe property.Unless Bonower and Lender have agreed `�
<br /> �"� ` t^�. othervws�e�nrtwrifing. Bortower may coRect and rtit�ain the re�as Iong as Botrower is noi in defauli.IE Borrower detauRs. Lender.Lender's p -
<br /> � ��- 4 ' � ��.- age m,o r a e a u t a p p o i n m d r e c e i v e rmay t a k a P o s s e s s i o n a rt d m a n a g e t h e D ro p e n V a n d c o i l a c t t h e renLS.An y rerts Lender caltects shall be
<br /> � ? appiled first tO the Casts of ma�egin g t h 9 Droperty,induding eourt eosts end eitomeys'tees,commissio�us to rerttal ageMS,and any other - ., .
<br /> ''�',..�..�. •�;• newssary related eupenses,The r��naNi�►g amo�mt of rents will then aAV�V tr+P�en�on tfie seaued deDt as Pro�ided ia Covenarrt 1. .,
<br />'�� � � 8,t eAQeA�rq�yc�;pfmu�ed UnEt pevetaymerc�.Borrowe�agrees tn oomp!y with the Provisions of any lease if this deed ot trust is on t•
<br /> �,,.�L'` e teasahotd.If tNs deed of uust is on a unit in a candommtum or a ptanned unii devetopmerrt.Eonownr witl perform all ot Bottowe►'s duties _ � . _
<br />-�$�`. . � under Me rurenan�.W'�aws•w regulations ot tlte condominium ar ptanned unit developtsteni. t,._ �_
<br /> �`•�, . g.puB►o�ty ot tott0es to O�Eurn tor Batrowe� It Bortower fals to o a r t orm any of BorroweYs duties under ttds deed of Uust, Lertder may ; <
<br /> �-, - . •��'��+• p e r firtn t hs d u ties at c a u s e t t 1 e�n t o h e.p m f o r m e d.t e t t d 8 i t n S Y S i g t�g a s s o w e t's n a m e a t p a l►a n l►a m o w t i f n e c e s s a t Y f or p e r f nrmance.If an y - � = -
<br /> consCUCSion on the proparty is discoMinued or nnt carried on is�a reasonaDte atanner.Lea d er may do whatever ia necessarV to protect Lenders ,� �,
<br /> �_ ::�.� . � .~�•�5�•r' secutity interest int�e property.Tttis maY include comp(etingUfe consnucKlon. +
<br /> • y`_r- Lortdera lailure Lo Derfmn►will not pteduda LenQar irom exercising any of its other�flhts urtder the law or this deed af trust. ��_ .'F��
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<br /> Ac�y amo�mts paid by Lender m protect Lenders seauitY inLerest wilt be seciaed by this deed of tru�t.Sueh amou�wiit be dua on demand
<br /> { .z::..:-.�-_-.-.c..::-`�.. .and wi{{deaF iirt9rest irom dte Qate of the paymerR w�ti{paid in tuil at ffie interest tate in eHect an the seaued debt , .!I� .:'
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<br /> r, � 10. tTefmdt m�A Accele►eYrn►.If Bartower tails tn make arry paymeiu wheo due ar 6reaks siry covenamta under thia dead o9 uust or arqt
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<br /> � o�ligatlon seared by this deed of Vust or arty Dricr mortgage or deed of Uust,LenQer may accelera0�the maGUitV of the sec�ued debt arfd �� � �
<br /> - � i•;'� demand immediate paymecK and may imroke the power of eala end am/other remedies permilted Ey apAlicabte taw. �4�
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<br /> `"-r ' it.Reqitasafot Notiee ot Ce/mdt R is hereby requesoed that copies of the rtotfcea ot default and sale Ae sent to eacfi petson who is a parN �
<br /> : ��• ` �• herem.at the ad6ress at eacA such person,as sei tartA hereln. ."r
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<br /> � � � �- t2.Rawer of Sate.It tlie lender invakes tlfe Dowe�ot safe,the Tnistee shall flrst record in the oiftce of th�register of deeds ot ead►courtry f�.•
<br /> * : ', j wherein the vust property or some part ot parcet thereot is situate0 a notica of defautt eomaining the informatioo required Cy taw.The Trustee ,��
<br /> • shal{also mai!copies of the noUce of defauit to tbe Borrower,to each petson who is a party hereto,and t�!other persons aa prescriDed by
<br /> :.'� ,: •- ' ,,, appiica�ta taw.Not tesa than ane monih aftet the Trustee records the naUce at defauft or two mortths it the Vust properry is not fin eny ;
<br /> +•, . . �- irtanrporate0 city or a[[tage and Ls us,ed in farming operationa earried on by t�e trusmr,the fiustea shati give Oublic nottce of eate Lo the persons {: � �'
<br /> � :� artd in tha mannee prescribed bY appplicable iaw.Trustea wiih0ut demand on Borrower,shaft seii the property et pubiic auctlon to fhe hfgAest , �
<br /> b3dder.It re�ired bV�e��ftomestead PtoteGdon Act,Trustea shalt oNer the praperN in two sepatate sales as reqWred by applicabie law. �
<br /> :�',',�;`. • Trusme may Oostpone sate o!all or any parcel ot the propertY b Y pu b l ic announceman t a t t he t i m e a n d p l a c a o t a r ry p r a v i o u s ty s c p e d u 1 e d s a i e. . . , �::.
<br /> Lender or it�designea may purchase the praperty at any sale. .
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<br /> � '' Upon receipi ot paym eM ot the prics biA,Trustee ehalt deliver to the purchaser Trustee's deed aumrsVing the property.The reciUats comafned(n
<br /> •,7. • �=�. Trustee's deed ahat�6e prima faete evidtence ot tAe V W�ot tAe steteme�co�tained therein.Tnistea afiaN apply ttte proceeds at tha sate in the �.
<br /> �':�� � " toltowing order: la) io all expenses of the sale, �nctuding, but not limited to, reasonable Truatee's fees, reasanaCle atiomeyls teea and �`, ��
<br /> � relnstatement fees;(bl ta ell sums secwed bV this deed ot trust,and(c1 the batance,it any,to ttre persons legaity a�tted to receive it. .:._
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<br /> � {;° ' f3 iorectosuro.At LendeYs aptian,this deed ot uust may he torecbsed in the manner proviQe by apD��ble taw for foreclosure of mortga8ea ` .
<br /> r ,. , on real propeRy.
<br /> t4.Nsye�tlart.Lettder may eMet ttie p/operty to insp9ct it it Lsrtder gives Boaower natice befarehand.ThB notice must atate the t888onabla -
<br /> .�.�: �. : �. .._ ..,: cacso rar LsndaYs Inspection.
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<br /> � 15,Condamnattm�.Barcower assi8ns m lendar the�roceeda ot arry award or claim for dama9es coqnected witA a condemnation or otf►er taking -. '
<br /> • " � of a0 or any peR at the properry.Suct►proceods will be applied es pro�ided fn Cavfl�ant 1.7t�is asslgnme�t is su�Ject w the mrms of arry prlor ,;._ •:.
<br /> '��.' � •'• seCtlrliy agfeetf�BflT. _
<br /> � _�`.,. . .';.:�,
<br /> � 18.Watver.By exerciaing arry reme�avallab(e to Lender,Le�der aoea nat give up any rights to lamr use any other remedy.By�ot exercising
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<br /> '•`"•'� arry remedy upon BorroweYs detautt, 9nder daes not waive any right to toser consider the evertt a default it it happena 8gaiw.
<br /> •:;i,c:.;.'�.;.•,• : . `- •. , 1T:Joint end Sevetffi Uebitity� Caafgnots; Sueeessara and Qasigns Baund. Ail dutios unQer this deed of trust are joint anc! several. Aoy .. ..
<br /> - Borrower wlw co-signs this deed ot trust but does not co-sign the undertylng debt insttumentls)does so only to grant and convey that
<br /> � � Bonower's irrcerest in the p�oOettV 2o the Truatee undet the terms ot this deed of uust.In addition,such a Borrower agrees that tfie Lender and
<br /> �, ��. " ; arry other 6anower under this deed ot trust may extend,modlfv ar make eny other changes in the terms of this deed of trust or the secured �
<br /> ?_.�... debt withcut tPat Borrowar's eonseot and without releasing that Borrower tram the terms of thfs deed of Vust. � �
<br /> .`.'�_ ;� ` tho duttes and benetiia o!this deed ot�rust shall bind and benefYt the successora end assigns of Lender and Borrower. „ .
<br /> �S .'- � f8.WoUc9.Unless otherwise required by law,any noUCe to Barrowet shall be given by dellvering it or by maitlng it by certified ma�l addressed to '
<br /> �i" .i • Borrower at fhe property address or any other address tl+at Barrower has given to Lender.Bonower wdl g�ve any noUce to Lender by certified , . ,
<br /> J7:. - . , ,. . mail to Lender's adQreas oa page t of thia deed of trust,or to any other add►ess whlcb Londer has designated.Any other notica to lenQer shal{
<br /> '�; ; � ,, be sertt to LondeYs address es stated on page 1 ot thts deed ot truat. �
<br /> '•1 `. �; , '_ Any notice ehali be deemed to havA Oeen glven to Banower or LenQer when given irt the manner atated above. •
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<br /> �-�•- � 19.Trensfer ot the Praparty ar o Boneftelat InLarest In the Bortowur.If aIl or any part of tho property or any interost m it is sold or transferred
<br /> ' wYttwut Lender's prior written consent, L9nder may demand immediate paymerrt of ttte seeured debt. Lender may atso demand immediate .
<br /> �T•:,��,�:. � paymerrt if the Borrower is not a natural pereo�and a benefic7al interaet in the Borrower ia sold or translorred However, lender may not �
<br />'�-4'+� , • • demand paymnm m tho above situatlona it�t is prohfb�ted Dy federal law as of tne date of this deed af truat. .
<br /> � � 2d.Recomrayartte. When the obligatian secured by rhis dee0 of trust has been paid, and Lender has rv�turther obligation to make advances �
<br /> under tha inatruments or agreemente secured by thfs dead of trust, tfie Trustee shall, upon wrrtten requast 4Y the Lender, reconvey the Vu9t t _
<br /> ° ` ' � prope►tV. The Lender shall daliver to the Bonower,or tu Borrowe�'s succossor m mterest,the vust deed and the noie or other ovidenco of tho r' ' :
<br /> �!�'��,.' ' ' obligation so satisfied.8orrower sha11 pay any recordation costs. � • .
<br /> ��,�.�� `� • � � � 21. Succeasor Trusteo. Lendet, at Lender's opnon, may remove Trustee and apportn a successor trustee ny tirst, madmg a copy ot the • . '
<br /> ;.". � 1 suDstitutian of trustee as requned bV applicnble law,and then,by tiling the substdutian of trustee for recard m the otfi�ce of the regiater ot deeds
<br /> ; : of each county m which the trust propetty,or some pan thoreof, �s srtuated. The successor trustoe,wrthout conveyance ot the property,sAaII .
<br /> �-•..�.:.. .� _ succeed to all the tiower,dubea. authont{and utle of the Trustee named m tho daed af truat and of any successor trustee.
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