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<br /> � � .•�z: t.Payms�rts.Borrower agrees ta make a11 paymeMS on the seaaed debt v�hen due. Untess Boaawer and Lender agreo otherwise, arry ` ^
<br /> paymeMS tendar reeeives hom Bortower or far 8orcower's 6enefit Nnli be apDr���arry artrounts Borrower owes on the secured debt r
<br /> - exdnsnre of�nterest w P�ndP�.����"���t°principai.if�al prepaYmertt of the seeured debt occurs for any reason,it wiU 5..,::,-�..,;_:_
<br /> t , z , t� not reduce or excuse arry s e h e d u t e d D������a d d e 6 t�s p a�d i n f u i i. ...
<br /> � 2,patms Agalnst Tftle.Borrowet vn71 paY a►!�•����•a"d other char9es atmbutable to the prope�tyr wlren duo and will defe�IIde
<br /> Y• to the propertY a�nst any claims wh1d�wonhi imPair t�e Gen of this deed of uus�t.lender may reR�ire Bortower to assi8n a�Y ri8h�.claims or .�.'��.
<br /> . defensea which Bortawer may have against parties whn suPPN Fabor or materiats to improve or maintein the DroPenY• �':`'::",s
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<br /> r �'b'. ,; 3,�Staanee.Borrower wiil keep the property insured under tem�s aeceptabta to Lenda at Bnrcower's expense and for Lertder's benefrt.All y.c�
<br /> � ti : . — insutance P��sh�l u�ct�e a�d�gage tlause in fawr of Le�der.Lender wiD be named as loss payee nr as tfie insured on anY such ' _
<br /> :�*'. ` insurance PoGCy.Arry instvance proceeds maY 6eap ptied.within Lender's dsscretion.to either the resOOraUon or repair of the damaged property :
<br /> o � �� or to U�e sewred deb�t�Lender requ'nes mortgage iRS�uance.Bortower agrees w ma+ntain sucA insurance for as long as Leoder requ'ues. � - -
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<br /> -- ^' . ',-,--��-`,:- q,p�aye�tN.Bortawer wUl keeP the P�aPenll in good condition and make atl repairs reasonably nacessarSt. � r-`'�`: :.
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<br /> ''�i- �'` ''�. 6.6�pm�.Bonower a�ees to DaY all Lender's e�ertses,incluclfnS reasonabls attomeys'tees.it Borrower breaks afil covanams in this dead ,
<br /> �'� `' � of Uust or in anY obfigadnn sewred by this deed ef Vust.Barrowet will pay tfiese amourns to Lender as provided'm Covenart 9 of this deed of E t `_r �.
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<br /> ��;< 8.Prtar Seewity GrtOresb-Unless Borrower first obtains letvier's written co�SeM.Bortawer will not make or permK any changes to any Pnot �"- -
<br /> _ 4�.r;h,;r�g„�. E�,rmwer,nnll peAorm aD of Bonower's obligarions under any prior martgape, desd of uust or other securitY a9reemert.
<br /> 4 r `� including @ottowers covenarns to rteake paVmettts when due. � }�
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<br /> �::.�.� 7,pssl�rnent of RetAs and ProAts.Bonuwer assigns to Lender the rerrts and profits o!the property Unless Bortower and Lender have agreed �, ,
<br /> � . 3 o t h e r w�s e�o v u r i t i n g,Bortower may collect and retein the ren15 as�ong as Borrower is not m Qefautt.If Borrower defaults,Lender, Lendar's , 4 -
<br /> ��= � ` aQer�t,or a court appointed►eeen+ermay take posseaston and manage the property and coUeu the rerts.Any r e►K S L en d e r c o l f e e t s shall bs ,
<br /> . , aOPt�ed first to the costs of managin8 the Properry, indudng court costs a�d axtomeys'fees,commissions w rerrtal agents, and any othar ';.z.=. _:f_
<br /> , _ neeessary retated exDenses.The remauiir.g amoun t o�re�s w i l l t h e n a P P W t a p a y m e n t s o n t h e seaned detrt as provided in Covenartt 1. ',.ry,�r 4(`;'�:
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<br /> ,�,- a��oids Cprtdamhdums:ptanned Ur�t Oevetopmems.Bortower agtees to compty with the provisions of any tease H this deed of Vust is on .,i ,;
<br /> a teasehotd•H this deed of trust is on a unit in a wndommium or a planned unit developmart,Borcowar witl pertorm at1 of Bortower's duties
<br /> �� - � under the cova�anta,by-laws,cr reBulatians of tfie condominium or planned unit devetopmerrc. r
<br /> �f � A .. . . : `: 9.Attlho�itY of Les+der to Rcr[orm ioi Bortower. M Bartower fals w Dertorm any of Borrowe�s duttes undet tAis deed of trust,lertder may r _.
<br /> .' , � � ` perEartn the duties or cause tAem to be perfocmed.Lender may sign BoROwe�s name or pay amr amount H nacessary tor performanee.H any
<br /> ? � •' �; , construction on theproDerty is disccntinued or not carried on i�s reasonable manner,lsnder may do whatever is�eeessarll to Protea Lender's ;%• ,, �f.
<br /> ` securily i�terest in ffie ProDeKV.This maY Inctude corqpteting the eonstruction. r- -:. -
<br /> f' lendefs fa8ure tc perform wil!not preclude Ler►der trom exercising a�y of iw other righta under the law or this deed of tnist.
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<br /> -.�..:„4_�. .'� MY amourim paid by Lender to protect Lender's security interest w11 be seuued bY?his Ceed of uust•Suet�am°w�ts will be due on demand
<br /> end vvill bear iMerest irom the dete ot the paymettt urnif paid in fuU at the ifrterest rate m effect on the setured debt. � � ,°^
<br />',��,c.��' � y` ` - t0. Oe�utt m�d Accateretlon. tf Bonowet fails to make arty payment when due or breaka any covenaMS under this deed ot trust or any �X��. ,""`
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<br /> pbtigation seWred by this deeA of trust or any prior mortgage or deed of Uvst, Lander may accelerate the maturity of the secured debt and '�;,•
<br /> c��' :, ' ' • damand immeNate paymeM and may invoke the power of sate and any other remedes permitted by app6ca6te IavY. •.��� '
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<br /> �' ��' ' • • N. Re�uaat to►Notlee ol0efmdt It is here6y�equested that copies of the notices of defauh and eate be sent to eaoh person who is a party � , .
<br /> :;�:;'- ` hereto.at the address of each such person.as set forth herel�. `''�.��:
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<br /> 1Y. Pow�of Saie.Ii the Lertder invokes the power ot eale,t�e Trustee sAall flrst reeord in the affice of the re8�er of deeds ot each county � �J;'
<br /> ,.n��.'.�. , wherein the uust property or some part or parcel theteof is siewted a notiee of detauh Contafilng tt�e infotmatlon required by law.The Trostee .
<br /> chatl atso mail co�es of the noUce of defauh to the Bortower,to each person who is a party heroto,and to other persons as prescribed by ,,r
<br /> ��5,:: � ' � • r apOtieabte law. t�tot tesa than one month after th0 Tnutee records the noUee of detauh, or two montfiy if the Uvst property�a �ot in anv -- ,. ;:
<br /> . � '�,:3 incorporated eitV or vf�tage and is used in faaning operaUona carried on by the bvstor,the Trustee sha11 give public notice of sale to tha persons _�.
<br /> r- " ' and in the mam�er prescribed by appplica6te law.Trustae,without Qemand on Banower,shall aell the properht ai pubtic auction to the highest � �.:.�
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<br /> �t � ' " = bidder.lt required by the Farm Homesteed Protectiore Act,T�uatee shall offer the propertY�n two separate sales as requlted Dy apptieabte law. �,..
<br /> j'.i��.,.', _. � .1� Vustee R+ay postpone sa�e of all or erry Dar��of the proparty by public announcemeet at the Uma and place of any previousty scheduted sala. .;,L
<br /> � . :,. ;; Le�der or its designee may D�*���e propertY et arry eale.
<br /> ��� `� ;_• �� Upon receipt of paymer�t of the pnce bid,Trustee ehaU deliver to the purehaser Trustee's daed eonveying the property.The reoRiats contalned in �
<br /> � - , Tn�stee's deed shall he prima fade evidienca ot the uuth of the statemeMS wrtained therei�.Trustee shatl apDhl the proceeds of the sals in the
<br /> j ; ��, toltowing ordar: (a� to all oxpeases of the sa1e, i�aNding, but not Gmited to, reasonabte 7nistee's fees, reasonable attarne{fs feea and
<br /> `,r�t�.,;. �_ :�, reinstatemant fees;lbf to all sums sewred bY this deed of wst,a�d(c)the batanee,If any,to the parsona legally entttled to receive it.
<br /> •.�'z :.. 13.Fotedoaure.At Lenders optlan,this deed of trust maV be fcreGosed in the manner provide by applicabte law tor torectosure of mortgages
<br /> - --.:�.. . onreatVrwarts+• ;:�::....
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<br /> z;•�•,• ' °.I 14.tna lender may e+rter the property to insDect it if Lender groes Barro�ver notice beforehand.The notite must stete the reasonable
<br /> '�" �=� ' � • eeuse or Lendei's inspection. . �
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<br /> �;�,�;,';• . . � 1g.Condsmnatton,Bortower assigns to lander the proceeds af any award or ctaim for dama�ges eonneeteA wlth a condemnation a other taking ,
<br /> , :�:;'. , of all or any part of the property.Such proceeds will be apptied as proviQed in Covenant 1.This assignment is subjeet to the terms of eny prior
<br /> securiry agreement.
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<br /> -_�- � � 18.Welver.81f exereising any remedy available to Lender.Leoder daes not give up any righ�e to later use arry other remody.By not exarGsing , _
<br /> �,,` • � � any remedy upon Borcower's default.Lender does not waive any right w later cons�der the event a default it it happons again. .
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<br /> �-,:.; 17. Jolnt an0 Sovom! Uabip�y�Co-st�ers; Sueeessora end Aaslgn9 Baund. Atl duUes under thts deed of ttust are ioint and sovela�• AnV
<br /> � . � Bonower who co-sig�s thls deed of vust but daes not casign the underIying debt instrumentls) does so onty to grarrt and convey that
<br /> '�S';��! ,� � . Borrower's interest in the ptoperty to the Trustea vnder the terms of this deed of uust.tn add"Non,such a Borrower agreea that the Lendar and
<br /> ��'����`:': any othes Bortawer uader this deed of trust mary extend,modity or make any othor ehanges in the terms of this deed o1 trust or tfie sewred '
<br /> ' �.; . • • debt wtthout that Borrower's consent and with0ut releasing that Bonower hom the ta�ms ot thi9 deed of trust. ,
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<br /> •�.�; ;. ' • • � 1he duNes and Aenetita of th�s deed ot trust shall bi�d and benefit t�e successors and ass�gns of Lender and Borrowei.
<br /> ';j •,`� 18.Nottce.Un(ess otherwise re4uired Dy law,any notice to Borrower shall be gwan by delivering it or by ma�Gng�t by certified mail addrossed to
<br /> Borrowe� at the pro�erty address or any other address that Borcower has given to Le�der. Borrower w�tl give any not�ce to Londer by certitied
<br /> � �'� mail to Lender's addresa on page 1 of this daed of Vust,or to any other addrosa whicA Lendei has designated.Any other notice to Lender ahafl . -
<br /> ' :;'' ' � ' • , be Sent to Lendor's addres9 a9 stated on page 1 of this deed of trust.
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<br /> , � Any not�co sAatl be deemed to have been given to Bottower ot Lendor when given in t1�e manner steted above.
<br /> ."�.';-`j'• 1g.Transier of tho Property o�a Bartefldaf h�torest in the Bonower.It afl or any part of the pro0erty or any iMOrest in it is sotd or bansterred
<br /> "��' ' � ' without Lendet's p��or w►rtten tonsent, Lgnde�may Aemand immsd�ato DgYmont of the secu�ed debt. LenQor may also demand �mmod�ate
<br /> �`�«' ' paVment �t the Bortower�S not a natural person and a benafic�al�nserost �n the Bo��ower is sold or transfarrod. Howeve�, Lendar may not ..
<br /> � demand payment�n the aDOVV sltuations d rt�s oroh�b�ted by�ederal taw as of tho date ot th�s deed of ttuxt.
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<br /> � � 20. Retonveytmee.When the ob��gation secured by this deod o1 trust�as been paid,and Lender hae no further obl�gat�on to mako advances
<br /> !(°'•: ' under the mstruments cr agreements secured by th�s deed ot trust,the Trustee shall,upon wnnen request by the Londar, reconvoy the trust
<br /> � . ' ptoperty. The Londor shaN deLve►to tho Bonowar, or to Bonowet's successor m interest. the trust dood and the note or other evidonce of the
<br /> ���`.��� � obl�gytion so sat�sfiad.Borrower shalt DaY any rocordabon costs.
<br /> 21. Sueeeuor Trustea. Lender, at Lender's opt�on, may remove 1�ustee and appomt a successor ttvstee by t�ist, ma�lmg a coDY of the
<br /> �'�'.`!, � su�strtuhon ot truatee as roqwred Dy aDP��cable law.and thon,by fding the Subsbtut�on o}t►ustee}or reco�d m tho vf}ico ot the reg�ster of deeds ��
<br /> ������ � . � of each county�n wh�ch the ttust pro0a►tV•or some part thereof,�s s�tuated. The successor ttustoo, w�thout conveyanco of tho property.shatl � . .
<br /> 3, . , sueceed to an t�o Dower,dut�es.authonty and t�tle of thv Trustee named m the deed o1 uust and o}any successor trustoo- t., :
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