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<br /> � _<•�� - 1. QaymeMS. Bartawer agrees to make ati paymetris on the sewred deht whan due. Unless Borrower and Lender agree othervviae, anY ; � �::f.";.
<br /> < ` �` paymer►te Lendsr racelvea irom Borrower ur tor Borrowera benefit w�l be appl'ied first to arqr amouRts Bortawer owes on ths sewred debt
<br /> *Y�� �c exciu3ive ot ir�terest a Onneipsl,second ta irtterest,and ffien to prindpaL(f partial prepaVment of ffie seeured debt occurs for any reason.it will t � `
<br /> � . not reduce or exwse any scheduted paY�++ertt una'1 the sepued detrt is paid in fuil. �-�_� .'
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<br /> y,qy��pg�[n�t Ti���gpnpyYe�.,�fn7l pay�1 ta�s�as�e�ssme�»s,and other eharges attributable to the property when due and wiH detend titte
<br /> `;__ t,• 5 T ' to t h a pro p e r i y apaf�t e n V c l n i m svy�iCt}_!�u i�i d i m B e i r��l_ien of tlils deed of uvst.Lender may reauire Bortower w ass�gn anV rights,daims or �.�
<br /> °� defenses whiclf�orcbvveR shay.hev�1�9 a 1 r�P�e�1O�P��bor or materiais m improve or mainta�n ths property. : �
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<br /> �;�. ,r �;Y g, Umeanee. Bartowe►wili keep the prope�ty ins�aed under temu acceptable W Lender at 8ovower's exper�e and for Lenders benefit All �� .E.';_r :
<br />—,,�,��:, . , �.: , insurance polides shall inctude e standard martgage clsuse in favor of Lender.Lender will be named as loss payee or as the insured on arry such , ._: -
<br /> t__ in�uance pplicy.Any insurance proceeds may 6e 8pp68d,within Lenders d�saetian,to either the restoretion or repait oT the damaged property ��t-
<br /> 'g- •� or w the sec�ued debi.it Lender requires mortgage msurar�ce.Borrowet a�ees ta rstiai�ir►s�h uuura�tor as long as Lender requ'�res. -�-
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<br /> . ' -.��� 4.i4operty Bonowe�wiil Cceep the property in gaod condition and make all repairs reasonahty n6cessary. - ��
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<br />-• ��,.. _ B,Expepsgs.8ortower agrees to Day all Landers�penses.induding reasanabta attomeys'fees,ii Borrower breaks any covenants in tAis desd
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<br /> ` �, o�or in amr oblipaUon seaued by tivs deed of Vust.Botrower will pay these amouats to Lender as provided in Cove�artt 9 of this deed of
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<br /> g.pr(pr$eeority(c#erests.Uniess Borrower fitst obtains Lenders written wnsent,Bonower wilt not make or permit any changes to any prior c-
<br /> �= r � Sgquny i�e�egts. 8artower wiil pertorm all of Borrowers obligations under any pri4r mortgage, deed of trust or other secur�Yy agreement, r - � r t.
<br /> . �:-_.. , ' inctuding Bortovrer's covenartts w maks paymerts when due. '-�'�::'.;.:�-;5-
<br /> � - � '{'r � - 7.pasi�nneM ot Remm end Ptoftts.Bortowe►assigns to Lendet the rems and P►cfrts of the property.Untess Bortower and Lender have agraed 'r
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<br /> �, atAerwwr�se in wridng,Borrowe►may oollect aod retain the rents as tong as Bottower is not in defautt. If Horrower defauiis,Lender,Lertder's � � �
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<br /> l a�pAned fit i�to��e���ma�ag t�ie�ProPertYe indu�n gd�ur�taeo��d a�omeyrs'�tees,��mm}�ars�T���1 ag�er�its,�a�r►y��er
<br /> i'�.a�`':".: ` �����'. necessarY retated oxPenses.The remaming amount of renta v�n"U then aDGh/to payments on the seutred debt as provided in Covenant 1. <<4�-�__ _
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<br /> ` . �'. ' • '` 8.tsaseho(ds-Cortdomtn[wna;Pianned U�dt Davetopmerte.Borrower agrees to comply with the provisioas of any leese if this deed of Vust is nn
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<br /> a teasehoid.tf this deed of vust i�on a unit in a condominlum or a planned unit QevelopmeM.Barrower will parform ail of Bortowers duties s.
<br /> :.�.��: � unAe►the�vena�tts.InMaws.or�sgulatlons ot the condomittium w ppnnsd w�i!devefopmerR. �:5- ..
<br /> �.1�:� g.ptrihmity of lendor to P e r[o r m f o r B o r s a+ne►•�f B o n o w e r f a i i a t o�p e r t o r m a n y a!B o rt o w e r's d u t i e s u n d e r t h i s d e e d o f t i u s t,L e n d e r ma V
<br /> :''!f'`��; ': ':..-'(�` pettotm the dutles or catsse them m be performed.Lender may sign B orrowers name ur psy any amqunt ff necessary for performance.tt arry i �. t �
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<br /> �� . • ;:.� canstructio�on ihepropsrty is d�scontinued or not cartied on in a reasona6te manner,Le�der may do whataver is necessarY to ptotact Lenders
<br /> i-���; . r-.: sgcurity interest in t h e property.Thfs may inelude completing the eonstruetion. �,
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<br /> ���' � ' Lende►'s faitare to perform wiit not preclude LenQar from euercising any of ite other righta under the taw or tfiis deed of trusK. ti
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<br /> Any amaunts paid bV Lertder to protect Lendera secu►ity interest wili 6e secured by this deed o!uust.Such amourrts will 6e due on demanA ����,
<br /> _�- -° '-° • } erM�will bear irrterest from the date ot the payment urtil paid in 1ui1 at the iaterest rate in effect on the secured deDt.
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<br /> r � tp,pefaWt and Acceleratlon.N 6ortawer teils to make arry payme�t when due or breaks any cove�ants under this deed ot uust or arsV 7�
<br /> :u%•: '' ' � :;�� obiigation sewreA by this deed of Vust or arry prior mortga8e or deed of trust. Lender may accelarate the maturity of the secured debt anC
<br /> ` {��� demand immediate paymerrt and may imroke the powet ot sate and any other remedies permitted by applica6te Iaw.
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<br /> ,< !�" f 1,Re�est tar i�iotice of OefaWt.R is hereby requested that eoDtes of tfie notiees of defauR and sate be sertt to each person who Is a party ��_
<br /> s P c;,. . hereto.at the address of eact+sueh person.es set fort�herein. ,`.,� -.
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<br /> .,,1.�•.'� � 1Z.Power of Snle.if thA Lender imokes the powar of sale,the Trustea shall first record in the o�c9 of the register of deeds of each county � .- "x "'
<br /> •'' �` � • � w hero in t he u u s t p r o D e r t y o r s o m e p a rt or pareei thereof is situated a nouee of defauk coMaining the i�ormation required by law.The Trusiee _ ;.
<br /> �f�r��% ' ' • shall atso mail cop�es of the notice ot default W the Bortower,to each Oerson who ia a OanV hereto, and to other persons as Dresai d e b by r : �,
<br /> :":�f:: ` ' � " appllcable taw.Not lesa than one morrth after tfie Trustee records the notice of QetauR or two mo�hs if the trust property 7s not in aoy .!;:.Lµ
<br /> tncorporated city or vittage and is used in farming operations carried on by the trustor,the fruatee sfiall giva pubGc notice of sate to the persona , .;�.
<br /> { � and in the manner presdibed by apppficabie law.Trustee,without demartd on Bonower,sha0 selt the property at Oubiic auction to the highest '�. .�
<br /> '={_:;:.;' - . bWder.If required by tha Farm Homeatead Protectian Act,Trustee ahall oNer the property irt two separate salea as required by applicable law. _'.;� .; ..�.,
<br /> - �� � 7rustee may Ocstpone 6a1e of ali or any parcel of Ihe properN by public announcement at the tlme and ptaca of arry V►eviousiY scheduted aele. , },:
<br /> , Lende�or its desiSnee may D�chase the property at aoy sale. F�
<br /> �`�•``'� • Upon recaipt of paym ent of the price 6id,Tnrstee shatl detiver to the pu►ehaser T►ustee's Ceed conveying the propetty.The recftials contained in
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<br /> .- t�� T►ustee'e deed shali be prima facie evidience at the tnith of tfie sta4omonts co�tei+wd therain.Trustee ahail appfy tha proceeds of[he salo in the � �
<br /> ° � � � ` foilowing order. ia)to afl expenses of the sale, inctuding, but not limited to, reasonabte Tnrstee's feea, reasonable attorneti/s fees and �;,-_°.
<br /> t'`, ' ` reinstatemeM tees;(b)to ail sums secured by tfila deed of trust,and(c)the balance,if aay,to the Dersons tagalty enUUed to receive it.
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<br /> ::f._�• � ' 13.Farectosure.At lsnder's option,this deed ot mist may be foreciosed in tha manner provlde bY aDD�icabte law for toreetosure of martgagas
<br /> � ,+°. ci . ' • on reai propetty. .. .
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<br /> -� �`�� �' � � `� 14.Ins�on.Lender may ertter the property to inapect ie if lender givee Bonower notice betoroha�d.The notice must state the ceasonabis _
<br /> �:'��:t-<.+•, � I." aause of r lender's iaspecNon. _
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<br /> �'t'`''` � 18.Conaerrmstlon.Borrower assigna to Lender tho proeeeds of any award or ciaim for damages connected with a condomnation or other taking .. � _
<br /> ` �} ����' • � � of ail or any paR of the prapetty.Such proceaQa witl be appiied as providad in Covenant 1.This essignment is subject to the tetma o1 any ptiot
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<br />.rR'ay"�° ' secutity egreement. '
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<br /> "� ' � 18.Walver. By axerdsing any remedy avaitable to Lender,1,��der does not give up any dghts to tater use any other remedy.By nat exereising ,.
<br /> , � ;,"� , • ' any remedy upon Banawer's defautt,Lender daes not waive Lny right to later eonsider the event a detaule it it happens agein.
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<br /> j;�.;,;: , • 17.Jolrtt and Several Uu6�itY; Casi{p�ars; Sueeessors end Aastgrts Bound. Ail dutlos under thls deed of trust are jolnt and severai. Any
<br /> F, , . Bonower who co-slgns thi8 dead of bust but does not co-sign the underlying debt insuumen2(s) doee so on�y to grant and convey that
<br /> i. .. ,y . Borrowor's interest in the property to the T►ustne undet the terms ot this deod oi trust.In addiUOn,such a Bortowo�agrees tAat tAe tender and
<br /> anY other Borrower under thia deed of trust may extend,modi}y or make any othor ehanges in the terms of this deed of trust or the secured
<br /> � +' -��` debt wfthout that Borcowar's consent and withaut relaasing that Borrower trom the terms of this deed of trost.
<br /> -_y,:,'':: .:
<br /> � � , ' The dutlos and benefits ot this deed of ttust ahall bind aod benefit the sucCeasors and ass�gns of Londer and Borrowoa .-
<br /> :t.+ ;.; . . .
<br /> ' t(t ,' 18.Notico.Unlesa otherwise required by law,any notice to Borrovier shall be givon by delivo►ing it ot by maiting it by cortltied mail adQressed to .
<br /> ..1''',+% � � Borrower at tho prope►ty address or any other address that Borrowar has given to Lender.Borrower w0t g�ve any not3ce to Lendor by certifi�d ,
<br /> ''' mait to Lender's aQQress on page 1 of thia deed of trust,or to any other addross which Lender has dosignate0.Any other notice to Londor shatl
<br /> . � � Oo sant to Londor's address es stated on page 1 ot this deed of trust. :
<br /> •����;�,�' . Arty notice shall be Aeemed to have been given to Borrower or Lendet when givon in tho man�er stated a6ove. � '
<br /> a;. ...:: ' ''
<br /> :5:;:.�.�' • , ' 7�.Tmnstor ot tho Froperty or a Bonotidat fatorost In the Bonower.If a!I or any part ot the property or eny Yntetost in rt�s so�d or transfarrad .
<br /> r i�: ,- •� without Lender's prior writton consent, lender mey demand immad�ate paYment ot the secured debt. Lender may also demand immediate
<br /> � �'��'�. � domandtpaymeM�n tho�above sttuat onsr f ites prohibrted bV}Qdo�I law as of the�ate�ot�this doed 101 trust nsfa�re�. Howovor, Londer may n0t
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<br /> '�'�'• � 20.Reeonvoyanee.When tha obtfgatwn secured by this dead ot truat hae been pa�d,end Londor has no furthor oDiigation to mako advunces k
<br /> ;;� �. • unde►tAe Instruments or eg�oomonts aetu�od bV this doed of trust,the T�ustee ahall,u0on wntton roquost by tho Londer,►eCOrtvOY tho trust }
<br /> . ��:• ` ' � proponv. 7he Lendor shall dolivor to thu Borrowe�,or to Borrowor's succceas�r�n mterest,the trust dead and the noto or othe�ov�doneo ot tho E .
<br /> x, • � � obhflabon so satisfiad.Borrower s4aI1 paV any recordat�on costs. j �
<br /> �.��. � 21. &uceossor Trustoe. Londo�, at Londor's o tion, ma romovo Trustee and appoint a succvssor trusteo by tust, ma�lmg a copy of the � .
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<br /> substitution of trustee as�eqw�ed by aDV��cable aw,and t on,bV tding the subst�tut�on of trustoo tor rocord�n tha oftice of tho ragister o1 dvods
<br /> t.; ' '. ot each county�n wh�ch the trust O�oOonY. or somo part thoreof, is s�tuated.The succoesor trustoo, w�thout convayance ot tho proporty, shall k ,
<br /> -`' �' � - • succood to all the powor,dut�os,author�ty and title of the Trustoo namod in thA deed of trust and of any succossor trustoo.
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