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<br /> , t,. ��� ����""'' COVEEVANTS
<br /> ' 1, psyrt;s�. 8onawa�agreas �o make etl psymante on tha seeured debt when Quo. Ur.!ass Borsower artd Landor agre9 othsrvrisa, eny
<br /> paymonts londer raeoivas from onov�rnr or tOr @nno�var'�bcnofit will Dn eaCliod first to and amous►ta 6orrowsr orxos an the s�eured zla6t .
<br /> � oxCtusne of iMerest ot pNts„Ipa1.SoLDrtd ta in4etest,an0 dton to Flincipal.lf Ogrtial OreDnYmont ot tho sccured debt occurs tor nny reason,et will
<br /> rtnt redueo or oxewo ar�Y settBQuted D�Ymnnt until th.e seau¢d dobt�s Daid m fu!1.
<br /> � 2,CI�RIf Agi��St SIli�t@BROWOt WiSI p0y eq t0xB9.�£e�A�T�•8^S���r ct�arges amibutable to tha progsKy whsn Gue and w�U detertd Ut�o
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<br /> � to the pto�erty aga:nst any eiatms hrhjLh woufd Impalr tRe Iron o9 this dssd of Vust.Lendor may resquire Borrowur to assign any rights,ctaime of
<br /> datenses wttleA Florrowar may hnve against parties wAo aupDN�a�Ol w matertais to improva or maintain Ns proparty-
<br /> ` � 3.�rtsyrsncs.Borrovuer�nri!1 kaeP tho proC�rtt/inseired urs�ier tmms cscnptaD:�to landcr at 6orrower's expanse snd fer Lsnder's benatiL Ail
<br /> Insurenco Cal�cfea shsA trtccu:fe a stendard murtflegs elau^e in tavar of Lender.Lendar wi0 6a namad as toss payee or s�the insured on arry such
<br /> I insurence Ro���Y•Any insarante praceads may b3 egptiad. within Londoa's 6iscreUan,ta eithor tt:e restaravan or repa�r at tlta damaged proyErtY
<br /> o�to ths sacused dabt.if lend�r raquaos martgaQe�rsurcusce,Bonovrar egreos to maintoin such insarunse fer as long as Lendar raquires. �
<br /> . . . ,"` � 4.PropertY.@arrovrar vlill ke2p tha progurty en goed eortdisian end maSce all rap�irs r�eahN rtstessary.
<br /> � " ' g,Fspt�sa.6oaovret agreas to Day ali lers�et'n exxseen3e�.includirtg reasenah!e atternays'fees,'rf Borrovrer breaks any covenams in this deed
<br /> � of trust ar 3n any obligation sscured by th:s daed oY trust.8o�rov+2r rwil pay tR2se arnounts to Lvnder as providod in Covenant 9 of this deed of
<br /> � ' tIU31. __i
<br /> g.pdar Ssau{1y 6rta�sls,Un:e:a 8oaower fust obia?ns ltndefs vrritTen conserrt,Borrov+ra►v1ii1 not make ar permR any chanS?�to eny prior �W
<br /> ' � seeurity interests• Borrowar uvill perform ttlt of Banower's oD:igatFons undzr any prior rnortgaga,6esd of vust ar other secunty agresmerrc, �r
<br /> � ` incla�Lng Benower's eovenerRS to make paymerim when dus.
<br /> . ;.i �r`;
<br /> � �,p� o}g��prcHts,Battowes assfgns to Len3er tha�mMe artd Rrofits of tho property.Un:ess Borrowar and LenQet have agread ea:
<br /> ` ; otherv�re in viriting. Bonowar may colIect and rotain�n���ge�Q�o�fartd coitect�antseAnyxrents Lertd r eol eecis hall be --
<br /> , j � agert,or a court ap�oimed receimr maY tako Ro3�essi �ri
<br /> . ,.� ' aDp�sd firct to ihs eo�ts of maesagi�sg the prop:rty.inetudirtg co�ut eosts and attomeys'fees,eommissiess to roni�l egerts,artd any ather -
<br /> � necesstsry related expenses.Tho remattsing�mnurtt of ronts rht!ffisn ayaly to R�Bnts on ths seared dFkt as provid2d in CovenaM 1. ___
<br /> � � 8.��•C�rrts:p��ruw0 Unit CsvYopmtrta Banowar agress to comphi���e provisions af any tease if this dsted of trwt is on =.-_
<br /> � '. � a teasehol�.If this Qeed of trus4 is on a uni4 in a eandomfnium or a atanned urtit deva[aprt:ert.Borrawar ad0 pedome ap o!6ortowefs duti2s -a
<br /> s � unGer ths cavanants,Ey-laws,or regutstions o1 the ccndom�ium or planne0 unR devala�m�[ct. -
<br /> � <.: 9.Autt�oaih tsf I.�nd�r co Patorm for Bocraww.(f Barrower faits to perform any of Bartower's dui�es unQer this deed of trust. Lender may _:.
<br /> • • �er4orm the dutias ar eouse tl�em to be petfmmed. LenQer may stgn 6ortaverefs name or pay any arrtaimt'rf necessery tor per4omlancQ.If any
<br /> eonsUUCtion on the praperty is discontinued ar not eartisd on in a rpasonahio manrter,Lersder may do v�hatevar is rteaess..rY to protect Lzrdes's �:'
<br /> • '� " securltV interast in the prapany.Thfs maY indu6e comptetin9 the constructfati `",
<br /> , � LanEar's failure to Rerform wiU rtot preciude Lendas from exereising any of its other rights vrder the low ar this deed of trus2. f 4:
<br /> • �1 Any amounts Daid by Lendar to protect Lende{s seeu,ity interost 4viU be seeured by tiv�dC-ed of trust Such amaurtts vrf!1 6e due on damacesl �;--
<br /> and wip hear irtterest trom the dato of ttre payment until pald in futl at ths interest rate in�!�ct on the secused debi. r�--
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<br /> ". . .�'�� t0.Qdar�t and Re�adlot►• It Borrower fa:s to make anY DaY�eM�=n�a or hreaks any caver.ffs�und� ch=s �ed of vw-t or any =
<br /> ,:�� .• � ohiigation secured bY dtis d=cd af trust cr m�Y Drior mortgage ar Qeed of trust,Lender may accafsrate tfu:c�:naity c'tfia secure6 Qebi end =_
<br /> � � demand immediate Daymam and may imoite Yhe power of sale and any othar rnmadies permitced by agp.c�D taw.
<br /> 1 h��.����e�p}f�ah�p ca�n`�tbYs�faN�i hErein.�p��af the noticws nf dafautt and sale te saM to each Gerson who is a party
<br />. ,N%'`� 72.Fawar of SYS.tt fhe Lender invokes itz�Dovfer of 6ala,the Tncstee chali first recard ir�tha o�ce a!-thrn regi..^ter of deeds ot each caurrty
<br /> :� 7 �vherein tho uust property or some part or paree!tilereof is situated a rtotiee of de}autt eomainingeret�m��•d to othe4u�is6ns�as p oscnlsed by
<br /> , • � �, shatl also mail coyies of tho rtavice of defauft to the Bonowar,to each p2rson who is a partY h Pe
<br /> applipb'o law. t�o4 tess than one morrth after the Tnistce reeotds Yh3 natica of dafautt,or two monChs if the trw^t property ia rtot trt any
<br /> incorpo�atod tity or villaga and ts used In farming operations carri_d on Dy tha truster,th;Trustea shaQ give puDlie rtotice of sata to thz qarsons
<br /> end in the manne�presc►ibed trv appDGeaDlo�a�v.Ynisteo,w:U^�out dam3cW on Botrower,shall sell tho praperty at Dublic auction to�th�b oglaw.
<br /> W
<br /> tr:dder.If raauired bne sals o nil ar anY az�tof the pr DertU b Puti i!c artnauntg.romrerIIi2 c�t�tlr3 time apnd p ace o on �p ouslyYsctieduled SaiO.
<br /> Trustee may postpo y
<br /> � • � lender ot its desipnee may p���dte Dra�erty st eny sale.
<br /> `!s ' Upon reeaipt of paYrrront of the prira bid,Y�ustev shall delivas to thfl purchasar Trustea's Ceed eonveyir.g s3t3 property.The recitlats eonYafned tn
<br /> "'�; Trusteo's desd shaD be prima facto ev(diam:e o}the uu'th af the stat�msnts contained thereln.Trusteo shai]apply the procesQs of tho sata in tha
<br /> �• ""� toltowing order. Ia) to all axpanses of t4�e sate, ine(adirg. buc not limited to, rea�an�l:IO Trw�tsa'a feo�, ressonabte attome�/s fee�s and
<br /> ;! � rein:taiemestt teos;(b�to ap sums secured by t�ts deed of mtst.and(e)tho bafance,if e�r/,t*�the persons lagal.y en2it�ed to racaivo it.
<br /> .. � • 13.Fonclowrs.At Lsnder's aption,this Gsed of trust may ba foreciosctd in tho manner provida by ayptiwblo taw ta�toretlosure of mortgages
<br /> � : . ; „� on real property.
<br /> .� ' � '. . i)�30.
<br /> -' : �i',i�p�. �4,�n�p�c(fmr.LonQer may erlter ffie Drogerty to inspect it if Lender givaE 8orrower na8w baforeRand. The rtoUce muzt state the reasonasie
<br /> j�-„S`-��_,,.,�t••: - cause for La.�er's inspectlon.
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<br /> � {,3,Cond�ntion.Horrower assigns to Lender the Groceeds of any awtttd or etaim for damages wnnected with a eonQemnation or other tekl�a
<br /> - j � 'f ��atl or any part of the proFerty.Sueh proaeeds vviil be applied as pravided in Covanant 1.This a5stpnment Is suhject to th9 torms o!any p�
<br /> � . . '.. � +zt�:rity agreemant.
<br /> �5:�.�. tg,Watc�.�c f3;v exareising any remady ovciiabie to Lender,Leadar doas not give up any Nghts to later use any other cwn¢3y.Ii�/not exereising
<br /> any reme3y�u11=n Borrowefa detault,Lertdnr Eoes not waiva any right to latar eansider the evant e detwlr.�f it hep�en;c3aie•
<br /> ,,y,:�;:,.�.' . 17.ddrtt at�d S�v�rai U�b�,� C¢sf�rs+�: Sueeutu►s aM! Aai1�.s Bumd. Atl datles un�er this dasri cf trust ue j�ls�t and eavaral.Any -
<br /> ,R-���... Borrowet who eo-slgns th,�s deed of t.�.,^t �ui @oen not co-sign tha ur�erlving deb4 �nc�umentls2 dr_'�:a so on'y tr! cil'3ni and convey that
<br /> ^ '; . Boaowefa intarest in tha prr.�;erty to t�p Trusue under tAe terms of thf3 deeQ of Vun.�r m:r_ition,sudi a Borrowar cplmca that the Londer and
<br /> any other @orrowor undes tf.si�daod of vust may e�ond,modif�or make any other chu��in tho t:r^-�a of this desd of uust or the sacured
<br /> .�;. �'�'.,., debt wRhout that BarrowaYS consarR uG viithout relaasing thnt Borrovror trom the terrrs:"Tht�dend cf cust. _
<br /> . ,,_;�F.,. �. _
<br /> ��� . The dutiec�n�banefita of thts deed of m,.�:sha0 bind and benafit tha succassora and a,5ipn.,of lendr�c�r:d Bonowo�.
<br /> f� �_
<br /> 18.Notic�.Un!�s otherwise raqu3red by iaw,any notico to Barrowet shaQ Do givan by doiivering it or Dy,mailing it by certiTied mail adQresse to _
<br /> �' Bonower M tha pro�ertS��=�ress or any ott�ar address that 6artower has givon to LESnder.Bottower wil give any�+otica to lenQer by cartifiad =
<br /> Ls
<br /> • r.�ail to Lender's addresrr u�t:age 1 of this deod of trust,or to any other a ddross which Lendar has deslBnated.Any other nnUce to Lender shail
<br /> � 1:8 s9rtt to l.�nder'e ad5n:�:r;stated on pa{;e 1 of thls deed of trust.
<br /> , , . �_ pny rteticc��nf�r,tJ Do deomed So hava ttt�s;y�mn to @ottower or Lende��vlutn givan in ttt9 manru�r statod abova.
<br /> �:.•'� `j: 78.Tcar:ice a1 ths Property or e 6ezci►r�r.i'.rtenst tn ths Barrower.If&tl �r any part of th3 Praparty nr er.y interest in it ls sold or 1rnrTrietrcd -
<br /> witAout ILCr'er's Driot writtan eonse�t. I_r.�der may damartd immadiate ��/munt of tho seeureA drbt. I.onder m��a►ao demand lmr.-ediate
<br /> � demand p�ymeneonrtha��1cvrz situaL'o s.`r ii is profi ti tEd by tede�al law as of th3 d eo ai ma d ad�a tu�°�n�terced. Flowovar. Lor�Ler may Rot R
<br /> ' �'i 2a.R�ccrnsYenes•1.'��san tf•r�ohligaticn sscured bY��a deed of uust ha�been paid, end lander ha sso furthsr aL•IIQr_non to mako advartces �
<br /> �.. ,j w:deT ifio ir.�:umsnts cr a�resmanto cara:red by tli?3 Ceed of trust,ttr�Trustae shsSl,ugcn vrritten reQuflst by the LUr.Qet,raconvay ths trust
<br /> , � :� proAe►N•����andet Sha�l�aliver to tha f�e�rowes,or to 6onowov'&cucxssor in inierost,tho Uus4 deaC end tho rtoio or oth�r oviQertco of Yhe -
<br /> � •� oblk�at[cn ca satisfiad.Borrowar shall psy am/rer.erdation costs. �
<br /> � � �� 21. SucOKssa Truat�l�. Londar, ot LanQsr'e option, may ramovo Trustea and aDPaint o suceocsor wsYCe by tirst, mailing a capy of the _
<br /> � sutstitut�fio�uQstts ss roqu:re9 by epDiicablo�aw,and then,by filin�tho sub�titution ot trustee for reeord in tfio oHico of the regi.�„tnr of dced�
<br /> � • I sutee d to elnl iho poviah tQ t 9 g��oT,�8M tit�is of tho Trusten am dan Uts dead of trut an0 0!any�st�ic esso trYust o����proIIeerty,shall -
<br /> � . ., Ipage 2 af L
<br /> . � a�satE�srs'r[t:ts.r.:e.,s'►.ttoua.r�a�asso���-Eaa�a�•re+u�a:tt Csv r.ncsrs:an�.�i
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