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<br /> • 1, ppm�. Bo�rowar agreoa to maka etl Dayments on the saeured �etrt when due. Un'ess Bonowar nrtd Lendor agrea otts��rvnsa, any
<br /> ' � paymants i.ender rezaivas irom�orrower ar to�6arrower's baseefit will�e ayD��sd �to any amounts Bonowar owas on ttsa sesured dcDt
<br /> ; � exctustYe ot fsr[erest or prtnciyal,seeosd to Entn�eaL artd then to pdnctpat.(T pnrtt8l piep�}ImEnt of the satured debt octur8 tor 8ny re&so�,it will
<br /> not raducs ar excuae arry achadufad paymsnt untll ths tecarad dabt ts pa:d tn tufl.
<br /> • ` ! t�o U�ie�p per�ty sgatn�at eng ctfi�tn!wh1cN wosd�mpa'►t�tse uan of ths Qae�d ol trus�t.Le dei mayr equimra Barro�wmer to esasgn any r�gh28 ectaims oi
<br /> d9tenses whfcA 8orrower may hsva Sga:�lst parties�o snpyly labor ar materiais to tmprova or matntatn tho proIIertY•
<br /> ` 3,ttaurax�. Borrowm will keep the DroPenV insured uadar terma eccaptabta to L�sndor at Borrowefs expansa orts tor Londafs Es�ofrt.AO -
<br /> � • - inseraneo polIctns attEil irteTuda a staadard rrtastpag9peiausa in favar of lertder.Lendsr will ba namcd as tosa psyee or 89 the i�sured on any such
<br /> '� . .-. totites�ec��Ada�h�ti it i�ars�ttfc�.�utrp nmitg��ega iru�i$u�an e Bo�ra�er ag es3 to�mna'snta�i ith�tha roato=q�fos as tong�as?le�ndo g cQUes f�R��S► ,.
<br /> � �---�=:. 4.Fro�rtY.8oaovler will kesD�CroAenN in gaod cortGitton and make sil raDatra raasonabiy naceseerv. �=
<br /> ""' 6.E=p�ctsu.8orrowar agresa to paV at!Lender's e�ensea,tn.Uidtng reasoneble attorruYa'tesa,if 8arrowar hreaks any covenarrca in this dsed ��`
<br /> ' of trust or in aay obilgatioft cestsred Dy tPtis dted af uust.8mtowar wi0 paY�=g9�ounts to Lender as provIded in Covenart 9 of thfs dead of _�:
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<br /> . � 8.Prfav SeatKt�t 8rt�s�b.Unlass Borrotivar fitet oDtelns Lendar's writton consent.Hottowvet witl not mako or permit miY c��nBes ta gnV ts� �
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<br /> in�iBorro�wa a tovensMS�lto mak RaOtmtMS wRen d�tece.bfipaYtana under any prior mortgage.daed of trust or oth��ttscunty a�aemant.
<br /> t ' �,p�f a}R�arid Profib.BaROwer assiQns to Lender th�rasKS end�rofits of the plo�rtY•V�•gss Borrowar and Lartder hava aqraed _
<br /> oth2rv in vrriting, Borrowar may eoUaet and ratain U►e rants as ton�as Battowar is e�ot in datautt. If Borrawer detautts,Lender,Lendafe
<br />'4�. ! agsnt,es e caut aD3wtrtad reeeiver may t3ks Dagsesston end manage the pro�rty and collsct tha rsnts. Any�ents Lender colleeta ahEll ba
<br /> �.� ,. � ay��hsd first to tha costs of managing tha property.Inchiding court costa ert�attomeys'fees.commissioru to rerRal agents.and any oiher
<br /> neeessary rol82ed expenses.Tha remaining amour+t oi rerrts vn'll then appty to paymarrte oa the secured debt as 9rovtdsQ ta Covanant t. -
<br /> g,���.Gpndpr�t�u�s;p�ancwd Ur+[E Do�ntoprtMnt�.Bonower a sa to com fy wRh the pro�isions of any Iease i!th(s dee�ot tru3t is on
<br /> ��� u�eas�ld��thins�deaerd�a��ar reg 1�ati�of dis�caedainin um cr pta�ea on i a�9topmeM�t,8or�o�nrar will pe�torm ail of Borrower's dutes
<br /> � � 9.Autlwitty e1 Lsndn te�e�[»rm to�Barratve*- If Borrowet fatis to�Derform any oi Bonowefs duties urKier thts desd of uusL lunder may
<br /> ' �.- perfortn the dutf�s or esus�th�n to bs pertormas.Lender may slgn Borrowefs nnmo wpay any amoum if nseessary tor peAonnanee.If any
<br /> . ,'. -. . car�swetian en the property is discorutnued w rtot carried an in s reasona6te rteannef.lender may do whatevet is neeasaaTY to Oroteet L.e�ere
<br /> � �4�ji;,�� security iniarast in the property.Thfis may isciude completing the construction.
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<br /> '"f!%�`!', � lende�s tattsue w perfarm wiif not preciuQe LenQer from exerefsing arry of its otfse�rlghte under tha law ar this deed of uw�t.
<br /> . a�sd�yU tesr�iMerdes�t fromdtlia da�o U�i9 padyment eun�u'1 p id in t�u11 a���s i�r�eset�ate(n}oNect on ths secured debt�.�nta wi0 Qe due an demartd ��_
<br /> � 70. L'rfauL aad Aer,�t��raHon. tf Battower faris to make any►paymeM when Que a�tr�.e1:�an}►�enarttss under th!8 deed of trttst or any =�-
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<br /> • obligsticn�a:red by thls deed of Vust ar any prfot mortpage or deed of bust.L.oa..s�-2Y aece•er�tt►e me4uriiy of the seausd Qsbt artd
<br /> ' ; � '� . demana t:^rr,�.late paymer�t and may invake the power of sale and ssntl ati�rsmad�as crs":"ed W t.rl�tt�bla taw. -
<br /> • �arei0,�at tl�ie addre�as of esCi»is�petsonieas e�tort�h Qdeer�e�.�p�����tices c`.G���h an9�ir�ta sant to e8eh persan who is e party
<br /> � � !2.Poww of S�U.tt the Lendar tnvakns the power o4 eLe,the Trustea shall ftrst raeord in the office of the regi3tar of dseds ot eae1�eour►iy
<br /> . ;�' �harein the trust p!cpertY or soma part ar pate8l thareaf is situawe a noUrs of dafauh eoMalnlng the tntortnaUon required by law.Th9 Tnrstee
<br /> " '° sha0 alsa^�il eops3s of tha naUce of def`z::li to 4h�Bonower,to enc�►parson who Is a party Fsarc:n, and to other paraons as Rre-tcrihed by
<br /> " � '''�+ ' itca�� ;��.v,Not less than one mcr.�c�r tl►s Trustea rocords th�notite of defauft or two mr,r..::s if the vust proyerty fs rtc2 in any
<br /> !il�r`�>;`4�' irt��e:�'±a��ty o�villags and ia used ut t•.�r••.L��operattons earried ca�,^?�trustor,tha frustea�.`,sw.;i7:o pub'ie rtoUca of sale m tt�t�rssona
<br /> "����';'��' "� and in 4.�a:��nner presCribed bY ap�p.:c�r�:�w.Trus[os,without dc^:�r:on Bono�var,sha11 set!the t,aoperty at puDlic auctton to�t��est
<br /> � '�''��':v� adde�.tf rz.;uires by the Farm Flomestea::!?�ieation Aet Trustea shal o'rfor the property in two separete sat9s as requlrod by apyli��w.
<br /> •;�-,�' �.'. 7rustee m�y poatpone sate of all or any�cei of the C���ll by pubite announcem_r.t�t tha tfine and place o}any proviousty schedulad sale.
<br /> � ;�� Lendet or its dosft{nae may pwchase the p�oyerty at any a�.e.
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<br /> Upon rnca:;s�04 paym snt of tha prtce tiC.Trustue sha0 deliver to tho purchasar Truatea`s dead conveying tha property.The reeitials cuirta'.nnd in
<br /> Trustee's a<:.?�shat!6e prima faete evififi�rcs of the Wtb of the statamanis conta:ned therein.Trustos shall apyly tP+�proceads of tha s3ie in tfle
<br /> '�"'�'% tollawing orCer. (a) to nil e�enses �nP.�a sa!e, inctuding, but not l�r.:ed w, reasonah!3 Trustoa's fees, rensonatrte attomeb's fess and
<br /> - . reinotatemen2 taes;(b)to ell sums sea��Cy thls deed of uust,and(c;:�3 balanee,if any,to tha person3legally errtitted to receivo it.
<br /> � : • 13.Fror�cloaun.At lendars option,this dezd of trust rra: be toreciosed in the man�T�:ovtdo by appllcabfe iaw tor foreetosure oP r...:7tgagea
<br /> ` - on real prapeny.
<br /> r`I`��.��tG� ' eause�a(r lendafs ind°Lpeattan nter ths¢r�t-.�~n''s t-�cy:n if Lender givss Bonower r.,^uce betorehand.The notice must s�te ttvo rossonabla
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<br /> �s�.�.�5. tg,Cpn„�r��a7ton.Borrowet assig�ns ta I�u-�Sm ':.'+a�roceeds of any a:xa~c cr ctalm tor damages eonneatod wfth a eondemnatton a��'�zm'�Wng
<br /> � '�'�:'� of aI!o�a^��part of the DroDOrtY•S��IIr=���will be applied as Dr�.n+�u:in Covonant 1.This assf��r^ar►t ia subjoct to the torms:1`•tr:7 prior
<br /> � • securfty agreement.
<br /> - 18.Waiv�r.81I exerdsing any reme�y avallabte to Lender,Landar de�:�ot give up e^�i�i7tsta to later use anY ather remedy.By not exarcisinp
<br /> ` � �?,���'�'�' any remedy upon Bonawefs Gatautt,Lendet Qoes not waive 8ny riBht ts!ater cansider��a eveM e dofautt if it he�pens again.
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<br /> ---- ' t'�'' 17. Jaird�nd S�vsd U��Coai�e.u: 8uccessots�nd Ar�c Ifr"a�. Ail duUes under th:a dead of trust are Joirtt and e2uca�.My
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<br /> --=.:�_;�� ; Bonowar who co-sEgns tlds deed of�st but doea not co-sign L+ta �.r.:ariving dabi inatrumentts± Coas so onty to gram an0 e-.�r.�a1r thet
<br /> .'��';;r:':. 6onowere interest in the praperty to tlra T�r+:stea under the terms oY•;�w Ceed of trust.In aEdiUon,sL:.�a Barrowor agrees that the Ler+dar end
<br /> �� any other 6orrowar under this deed of tnst may excar.J,mod;iv or make any other e.�.arsgos in the tesrms of thls Csed of trust or tho secured
<br /> •�,; �� debf�vithout that 8ortoweYS consera and without rale��t'�Lh81 BOffOW81�fOtTl�T18 227T3 of thta deed of trust.
<br /> • . � � The duttes and benefita of this deod oi trust shall 63nd and henofft the successors and as3igns at LenQe�and Bono�:�.r.
<br /> 18.Hotk�.Uniess otherwiso required C�r di n+,any noSce to Bortowcr�'�all be givCn by delivaring it u•�sv'"alting it by cartified m-i1�d tressed to
<br /> y • � Bflrrower at the pro�erty addresa or em.�ar nddtess that Borrancr�:ra 91van to Lender.BonovrcF�re�Pi give any notiee to LsrGc��istio eer6tied
<br /> mail to lender's addrese on Oage 1 of�::>deed of trusL or to any c_!:p-cSdross whieh Lertdor hes dc:iU.iated.Any othsr rto�nv r.c t,nn3er shall `
<br /> � bo sent to Lander's addross as ataind on page 1 0!thi�doed of mis�
<br /> . " • 4.. � Any nothe thall be deemed to have Ccen glvan to Borrower or LenEc�c..^.en given in sf�menner steted above.
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<br /> � � � 19.T�atutar of ttr PropetY ar s Hecce.itdd Im��st(n th�Borrnurar•ii'�tr•ar any part of the proyeny ur sfi+irtterost in it is sc(d ar nansferred
<br /> withaut Lerk't+'a ptior wrltten ccesaenr (.endar may demand i�rt:cdi.-rtls�aYmerrt of the aocured da�t. LenQer may also de:ncmf Irrmadiato
<br /> � ' � dom n0 p manBin tA�ah vo cttu�,a�`a is proluD,od Dy tode ul iil�a ot th8 daBo of t�hjs deodl fottNS arutorred.Howov�r, Lend�r :�ay not
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<br /> i 20.R�ca►wYane�.When tha ob'iga�an cscured by this deed of vu..�-t Aas beon patd and Laader hos no furtha ob!igatian to msko advartcos =:
<br /> under the insmtmame ar egreamzrsts sacwed by this daed of tntsL tho Trustee shal� upon writton�equesthy t1s�Len4ef,teconvey tfie Vust
<br /> obltQrt�ton so se�tisfiedsBoiro vni�chal pay airy rocordaY�onBcasta BYs successor In tr�teres4,ths uust dEed and th�rtoto or othtr evtdence of the �_
<br /> �� 21. Sueentor TeusW. Landar, at LenBtPa option, may rtsmavo Trustes and ayyoint a sueutsca�trusioo by titst, mal!ing a coy-� af the 6
<br /> •• substitutlon of tn[stee as requirnd by appiic�ble Iaw,ar.d then,by fi!ir+g the sifnstituUon of tntstes fe�recard in the oHicbof t register of dsads ;_
<br /> ' � suceeed toua 1 tha pawer Q�uu'es authasit�y�a d Mte oi tho Tiusteo nam d n t o dcod ou f tru t and�o ony s�o�ossor trua�2ca��������ha'� �
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<br /> • O�.t6J SYf,TEM9.r:L.ST ClOUD.MS7 G8301 1130653�•23�11 iOA`A OLDl11T6t�6l19.91
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