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<br /> . COVEisiiANYS '�
<br /> • 7,Pa�. 8anovisr agress to mnko nll paymenta on tha secvred debt 4vhan dua. Unless Bottower and londar egrea athsnraise, sny � ..
<br /> � paymeMS Lendar recaivas trom Bana+rfer or for Borrowa�'s hsmsfit vuil!be apy�ltad firct to any emaunts Bonowcr owes on tha secured dabt •
<br /> , � osct�siva ot fntenat ar prinelyal,secaad Yo imerest,flnd U:an to Rflnsipal.It partial prepayment of the sacurod dtsbt oceurs for any raasan,it wit!
<br /> not resivae or e:cvse sny schadu'.a�payrt�ent untii tho secured do0t+s psld in tu11. � .
<br /> ' 3,Ct�pQatrut T[tfl.Banowrv will pay eR texas,assessmsnts,an0 other eharges attributa4!e to the propeny whan dus and will dafond otle •
<br /> � to tho DraOartyapainst em►eisims y,uRt�h wau:s impair tha tisn of th!s daed ot vust.Lersder may requfra Borrowe�t0 assigr.eny ngAte,claims or •
<br /> � ! defenses vAt:eh 8crrowa7 miV he�80a1�Dartisa�vho 6ugpiy labm Ar mat¢riats to imSrow or masmeIn the property.
<br /> � � 3.Irtauffnee. 8arro�rer vrfll aeaD�s Dfopany a+su►e�undar terms accepta4te to Lor�dar at Hotto�ver'e exaEtnso ortd for Lartdcr'o C9rtatit.AO ' -
<br /> irtsurtsacci Dolicfaa shsil in�uda a atanderd rtscrtya9a ci5usa in favor of Lendar.Lendsr will 0o named as tosa payae m as tho insure0 on any such
<br /> � - „�� insurunce poticy.My insurunto procceds may 6s appfied,within Lendsr'tt disaetion,to aithsr tho rostoration o�ropair of tha damag�d propsrty , '
<br /> . or to ths Saeurad dsbL If LenQet raQuiras rrtortg8ge insurance,�Orrovrsr 8greas to rttaintIIirl Bueh insurunte tar trs lortg es Lenfl2r raquztes.
<br /> !,- 4.Prapertlr.Banowet wrill ksap tho propartY in good condition anfl mako s�l repatra roasonably nscessary. `
<br /> � -- g,E�cy�nsa.Borrowar egreas to pay all Lead2r's oxpansos.�nctuding reasonab!o attorneys'feas,if 8orrower bteaka sny covonanta in this dead r�.,'
<br /> of treest or m eny obtigation sssured by thts dead of Vust Borrowxr wili pay theso amourtta to Lertder as providad in Cavanar�t 9 of this dead of
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<br /> - - -_ - '�-j 8.Paficr S�Y t u"�s�.U .�8ossosx°s f+rst obte�s tend�r'a rnette:e cortsent,@orrawer wil!not make o�permit any changes to amr prtar =--_
<br /> { n��� ���� B�en���{�pa�}�g���DO4!igations undsr any prio�mortg3g3, deed of vuct or other sacurity sgreamaM,
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<br /> : � 7,pssig�e�s3 ot RsMS end ProTits.Bottower asstQr.s ta Lendsr tha rert�and pmfits of the proyerty.Un►ess Horrower and Lendet harre agresd -;=--�
<br /> othernise in eroritnp Borrovrer may collect and r6tcin the rents as long as 6orrower is not in deisutt.It Hnrrowar defauRzs.Lendar, Landafs '}�4_-;
<br /> agerrt,or a court appoiMed recc;iver may tnke possession cnd managa tt�e proy3rty and coltect tha rerrts.AnY rems Lender collecfs shall be
<br /> ' ' '' � app!'rsd fust to the tost&of manag'.r.g tt�RronsnY, inct�cding court costs and eitotns}rs'fees.commissians u rental agents. atu!anY othar �;,_r--`
<br /> . � � nseossarY related sxpanses.TM�bm3inirtg amaunt of rentts wttl4hsn ayply to pay.nants an the seaued dsht as provided in Covflnum 1• ,5 N=
<br /> Q.�u��.�da�t�ms;piu�}Qinit pav�loym�rrts.Borrowar agrees to ramply with tlsr+p�ovisfons of any Ieaso if tNs dead of trust is on .�.__
<br /> a tease9uld. If thts dead of tru9t ts an a ir'+t ir. a condominium or a planned unit devalop.r.�rt,8orrower v�ill perform atl of BortowePs duties ,;�r�y_
<br /> • ;;j;p"�� un�er the covanants.by-laws,or reE?f�:+s fi�condomin3um or planned unit�iveloymer.t _- __-
<br /> � :`�f•�v�'� 9.Authotky of Lo�n�parfprm t�r ga;�m-r. �t Sorrowar taits to pe�'form any of Bonower's duties under this deed of trust,Lender may .`
<br /> � pe�orm the duCes or eause tham m be Cs7`•:r*�t• >-endec may sipn Bono�vers�ame or ay any amount i'nocessary fer pEUtormanea!f�ny
<br /> p uto �__m.�:
<br /> er may do whatsver is nscescarY ta Or���+�&'8 __--_
<br /> � ccr.,r�ucticn on tha property is d:��a*".inued c a�:certiad on fn�reaaonabte manner,ts �,_
<br /> -. -----.-- eer�iCiy interest fn the ptopariy.?i�s rnay inGudg wmy!�ihtg�'ie cr,r�VUCdon. ,-�e==
<br /> I�n=:i:
<br /> ... ,,} z r I.ertder's fail�sro to 4ertorm wiG nvat •- �'zc«-
<br /> �x2rtude Lender from exerc:r-r;.•r.+y of its athar�Fghts urtder tha law ar this doed of trust. !
<br /> " Any amouists D�d.Dl►Le�der t°I%T`aM Lert�erm sec�uity irrtetest wil!be ss�y�by thts desd of trust Suel�amounta will be due on demand �.,
<br /> �w. amf will bear intsstst tro;n the date of the paymarrt until paid in fuil ai the i�r�t rate in effact on the 88cured debt —
<br /> �.�h`�.
<br /> - �' �y+ �p, Q a}a�R i a r i d qc�d�r t t i o n, if�'scrrower fails to make any paymer�i when due or breaks any covanants undar this desd of trust c-mry �•,._,;.��-
<br /> oL�Egati+on sea�ued by this desd��cust or any prtor mortgage or dead of vust,Lendar may accelarate tt►a maturity of tha secured deSt an� r__---
<br /> � i damsnd immadiate payment srr.t�:-ry invoke the power of eala and any othet remedies parmitted by apylicahla law. t°-'=—
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<br /> , jt ��,g*yn�st twl�^tic�of Q�tauiL k is heteDy�eqttestad tAat CoD�es of the notices of dsfauit and ea:o�e sert to each pe:san who is a partY __ _
<br /> � hareto,at tha a�'.�ass of each sucfi person,as r�forth herain.
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<br /> • • �/�S.r . �_,ppyur ot$t6ai 'rf the Leader inwkes tha(r.«.rer of sa[e,the Trustea shdl firt reeord in the offtca of ti.c•egTStar of deeQa of each c�a�y
<br /> :,�,�C.p � whsreir►ths tru3t�roperty or some pazt ot px;.F!�areof ie aituated a natits zf'atault eorttaining the inform:tfir_n raqutred by Iaw.Ths Ttu-�a
<br /> � „� ;, all aso mail eoAIas of tha notiCe of dotautt ty w`a Bonowa^, ��each pe:s�n who i�a party heteio,and to other persc-s es prescriG��ry
<br /> ' • �,..aieabie taw.Noi tesa than o:sa montt�afte�i'se Trustee��erax's tha notice of defauft or two months if thn trw"t��'n^-.i is nflt in nny _____
<br /> �,,��;•,�� `�`;-, tr��r,aaratad ciry or vAlage and�s uses in tarming operattans�-�ei on by tha truator,the�rustea shaii give publlc notice�^EJm m tha persons _
<br /> �..�;.• �,:r,�"°�. ��tho man^er prescribad by aPPPliphta te•m.Trustee,w��rr��damand a�Barrowar.ahall sell the ProGsrtY�Dublle a•.r�:v^to tha Atghest
<br /> "��'�� biGdnr.(f rEqt:'ttrt ZY the Farm Momestoad Prerr.'3on Act,Tnw�-tae sha11 o::`er tS�a praparty in txra coparete ca►es as required�y aaptlaa�:a'aw.
<br /> � � ;,°�j,���; TNStae mayi;x�lusr�e sffie ef ef1 or any parocl.�:f�+e DTOpercy Oy public a:;�s.rtr�mont at the Ume and D�a�of any previously schadu'.2:rw a.
<br /> Lender or its�'.untitn.�may patchase the proy�:ty r�:any sala.
<br /> !.�I; • UFan recelpt of�a ent of th=fz�{co bid,Trustee shatl deliver to the purchas�TR:.,"�ea's des0 conveying the praperty.Tha recitials cotna��'+i
<br /> �+„• • . �.. TruV2e9'a desd sha.�be prima f�scr evidience of the truth of th3 statemema ca:~9ined therej�.TruEtee shail oyply the Procesds of thn salo in tha
<br /> '��� ���� � to;tavving o�der: la) to aU oxa�as of 4he aela, inc�uding, but not timited to, reasort:�t�Trustoe's toes, reasonab!e Ettomayre fees end
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<br /> �',. ,�.•i;;.1. re:nstetemoM ka,;(b)to aU sums sacurad by thia dead ot trust,and(e)tRe b2laece,A any,ta t1-a parsons Iegally entitied to re�iva t.
<br /> ; �;��,;,� ,: 13,���Q�ILI Lendafs opt�on,this deed af trust may 6e foreclosed in;i;r.�--annar pravidn by applica.[a iaw for foroclosute of mortgages
<br /> � � on�eal propenV•
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<br /> �,�.;;:;,';::,.(+j : tn.tns�w�ot� Len6er may enter the propetty in inspoct it i�E.ender glves Fr�s.�ar notico baforehand.ThB r:�tice must state the roasonable _
<br /> r, • ca,ra tor LenEe►'�inspecHon.
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<br /> , �yS i;�;`• :',,',:�„� ' t�..�SonE�msof6on.$onower as�igns to Lender the proeeeds r�u.-i��+a:d'-��:31m for dama^es connectad with a oondorss^�on or othet tafcirtp _
<br /> � 1�t��'a# ` sedttity a�grye��¢.�e property.Such proceeds will bo aypiied es provi��2.r :avenant 1.�his asstgnrm3nt[s subject to Yna terma ot any prlor __
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<br /> �'%°3•� � a y ie Em�dy�u�pon BoROwe�sYdefau(ta Lenfler d�oes no wai�nny right to ats�ccnstde tYha eveM a�datault�9�^�nappens egai��By not oxercising _
<br /> ::tia�; �
<br /> '""'�'� ' � 17. Jdnt end S�vmt tiabifr:t. Co-slQn�+: Sneess�on w9 Au��n BWnd• All duties ur.dor this 0eed of trust aro jo'nt and severa�. Any `-''-`
<br /> - Sonawer who co-slgns thls�t2ed of trust 6ut doea not ca�:gn the usdertying debt instrurrtentta)dnes so only to grant and convey that ____
<br /> �� � Borrowefs int:.-e32 in the praperty to tho Trustea under tha ts.-ma of thi�doe0 of uust.In addlUon,such e Borrower agroos that the Lender and -
<br /> ' - � any otAer Barecva'er under thls deed of trust�r•a!extertd,moditv or mako any othor changes in tha terr.sa af this deed of trust or tho sewred �—
<br /> ;a�,,�� . debt vrlthaut tt� '�onower's consert and vsrUsu�a vobasing that�onovrer 4rom the terms of thls QQ6d af m�r_r.. ,-
<br /> �'��� The dudes azd Qanafits of thts deed of trus!ds,�l�ind and h.o^o4it tho sueeessors and assi0ns oi Londar tn�fir.�rownr. ��-:
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<br /> 10,RaBa.Ur:ess othemise re�uired by law,any noUco tu t.a+rawer shnll bo given by del�verieg it o�by r..ai'ng it by eertiflsd mail addressed to -_
<br /> � +: Borrower at tha tsropefty addrass or anY other address thn Crs:rower has given to Lender.6artower wi!1 g'.v9 any nottce to LenQer by certitled
<br /> � meil to lersderc uVGress on page 1 of tf�ia dend of wat,or to any other addresa whleh Lendor has designE.t�.Any other notica to Lendm shail
<br /> -:i:�, • ba sarn to Lendar's addrese as stated on page 1 of thia doed of trust.
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<br /> Any noUce shall bs deemed to hava boen glven to Borrower at Lender v�lrter m:e�tn tho mannor stated aha;ro.
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<br /> ' �g,Tnnity e}t!H Prop�rty o2 a B�lleial Irtnnst In tM 6acrawo.If zi cr any part of the propastY or any imorost in ii is so!d ar unru:aaod ��r�,_
<br /> withnsrt ler.der's prio� wrrtt:n canserrt. Ler.Qor may dcmend immeEia23 paymarrt of tho necure�deb� Lender may atco damand immtdiate it��,
<br /> • � payment it the Borrowor is rrot e nntural per6on aed a ber,cstiCal im_orest in tho Borrowe�is aold ar trmulerted. Hors�rrer, Lendor mey noi d{;"=:
<br /> Esmand psymer►t in the above situatians if it is prohibke�by foderal[aw as of the date of this deed of vust. �?.5�r�`
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<br /> � yp,g�cu�►y�y�nc�.Whnn the obltgatian sowred by this desd of trust has L•oen paid,and LenQar has no furthar oDllgatiun to make advances �,:+.�.
<br /> • under the[rtsvumems or agreements sesured by thla dsed of Vust,tho Trusme sha!1,upon written reQuest bY the LanQer,reeonvey the uust .*�
<br /> � pro rty.The lender shaSl detiver to the Borrovrer,or to Borrowe�'s successor in interost tho uust daed end tho rtote or other evldenee of tha
<br /> obf.�atlon so saiistied.Bonower sheil pay am recordation co�s�.
<br /> 29. Suec�tsa Truau�. londer, at Lar�dat's a�tton,maY ram�w Trustuo and appoint a suecossor trusteo Ey tirst, mailing a eopy of�the
<br /> • substitution af uustea as reau:rod by epD>i�6to aw,and tn�rs, h!filin�tho subsfiMton of trustea fa�rasard in the oftiee o!the r¢8ister of doods
<br /> sutcea0 to..11iha power tQutics�¢utharlry�a fl titb oT tha T ustoo nam d�n tt ta dEC9 of eUu^�.t�9nA of any eucc�es�sor Vustaa of tho property,ShaD •-
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