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rnvrrzAs 20001.1065 1. Payments. Borrn:ver agrccs to make all payments on the secured debt w{xn dire. Unless Borrower an," Lr der agree otherwise, any payments :..ender receives from 'iorrowcr or for Borrower's benefit will be applied first to any amourrs Borrower owt% on the secured debt exclusive of interest or principal, second to interest, and then to principal. I( partial prepayment of the secured debt occurs for any reason, it will not reduce or excuse any scheduled payment until the secured debt is paid in full. 2. Claims A cainst Title. Bornwcr will pay all tare,', assessments, and otter charges attributable to the ptopet:y when due and will defend title to the property against any aims vvirich would imnait the lice of this deed of trust- {,ender may require Borrower to assign any rights, claims or defenses which Borrower may have against parties who sup; iy labo: or materials io improve or maintain the property. 3. insurance. Boirowcr will keep the property insured under terms acceptable to Lender at Borrower's cxpensc and for Lender's benefit All Insurance policies shall include a standard mortgage caause in favor of Lender. Lender will be nam W as !oss miyce or as the insure on any such insurance policy. Any insurance prccecds may be applied, within Lender's discretion. to either the restoration or repair of the damaged property or to the secured debt. If Lender requires mortgage insurance. Borrower agrees to maintain such insurance for as long as Lender requires. 4. Property. Borrower will keep the property in good condition and make all repairs reasonably necessary, 5. Expenses. Borowcr agrees to pay- all Lender's expenses, including reasonable attorneys' fees, if Borrower breaks any covenants in this deed of trust or in any obligation secured by this deed of trust Borrower will pay these amounts to Lender as provided in Covenant 9 of this dra of trust. 0. Prior Security Inter rots. Unless Borrower first obtains Lender's written con:cst Borrower will not make it permit Any changes to any prior security inttrests. llonower will perform al! of Borrower's obligations under any prior mortgage. deed cf :rust or other security agreement, including Borrower's covenants to make payments when due 7. Assignment of Rerts and Profits. Borrower assigns to Lender the rents and profits of the property. Unless t> :-rower and Lender have agreed otherwise in writing. Borrower may collect and retain the rents as long as Borrower is not in default, if Borrower defaults, Lender, Lender's agent, or a court appoir•tcd receiver may take possession and manage the property and collect the rents Any rents Lender coilects shall be applied first to the costs of managing the property, including court costs and attorneys' fees, commissions to rental agents, and any other necessary mlated expenses. The remaining amount of rents will them apply to payments on the secured debt as provided in Covenant 1. S. Leaseholds; Condominiums; Planned Unit Dtvelopments, Borrower agrees to comply with the provisions of any lease if this deed of trust is on leasehold If this deed of trust is on a unit in a condominium or a planned unit development, Borrower will perform all of Borrower's duties under the covenants, by laws, or regulations of the condominium or planned unit development. 9. Authority of Lender to Perform for Borrower. If Borrower fails to perform, any of Porrower's duties under this deed of trust Lender may perform the duties or cause titern to be performed. Lender may sign Borrower's name or pay any amount if necessary for performance. If any construction on the property is discontinued or not carried on in a reasonable manner, Lender may do whatever is necessary to protect Lender's security interest in the property. This may include completing the construction. Lender's failure to perform will not preclude Lender from exercising any of its other rights under the law or this deed of trust. Any amotmts paid by Lender to protect Lealdcr's security interest will be securd by this deed of trust- Such amounts will be due on demand and will bear interest from the date of tie payment until paid ir, full at the interest rate in effect on the secured dcbL 10. lldault and Acecieration. If Borrcwcr fails to make any payment when due or breaks any covenants under this deed oftrust or any obligation secured by this deed of trust or any prior mortgage or deed of trust. Lender may accelerate the maturity of the secured debt and demand immediate payment and may invoke the power of sale and snip other remedies permiatA by applicable law, 11. Request for Notice of pcfault. It is hereby requested that copies of the notices of default and sale he sent tc cacti person who is a party hereto, at the address of each such person, as set forth herein. 12. Power of Salc. If the lender invokee the Nucr of sale, the Trustee shall first record in the office cf the register of deeds of each county wherein the trust property or sonic part or parccl thereof is situated a notice of default containing the information required by Inw•. The Trustee shall also mail copies of the notice of default to the florroovcr, to each pcrsno-, who is a party hereto, and to other persons as prescribed by applicable law. Not !css titan one month after the Trustee records the notice of default, or two months if the (r)st property is not in any incorporated city or village and is used in `.inning operations carried on by the trustor, the Trustee shall give public notice of salt to the person: and in the manner prescribed by applicable law. Trustcc, without demand on Borrower, shall sell the property- at public auction to the highest bidder. If rcnuircd by the Farm I icmcs:cad Protection Act, Tntstee shall offer the property in twv separarc sales as required by applicable law, Trustee may postpone sale of all or any parccl of the property by public announcement at the time and place ofany previously scheduled sale. Lender or its designee may purchase the property at any sale. Upon recci; of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the property. The recitials contained in Trustee's deed shall be prim facie evidicnce of the troth of the stateraents contained therein.. Tmstec shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but nit limited to, reasonable Tmszec's fees, reasonable attorneys fees and reinstatement fees; (b) to all sums secured by this decd of trust and (c) the balance, if any, to the persons legally entitled to receive it. 13. Foreclosure. At Lender's option, this deed of trust may be io:rcto scd in the manner provided by applicable law for foreclosure of mortgages on real property, 14. In.iprction. i-cndcr may enter tht property to inspect it if Lcnder glees Borrower notice beforehand. The notice must stair, the reasonable cause for Lender's im:pc<ui%un. 15. C'ondcrnnation, Borrower assigns to Lender !hc proceeds of any award or claim •"ar damages connected with a condemnation or other taking of all or any part of tfrc proprcrta'. Sucli proceeds .vil! N- applied as provided in Covenant. L This assignment Ss to the terms ofany prior security agreement. 16. Waiver. By exercising any remedy available to Lender, {ender does not give up any tights to later uce any other remedy. By not exercising any remedy upon (thrower's default, Lender does not waive any right to later consider the event a default if it happens again. 17. Joint and Several Liability; Co-signers; Successors and AssAgp•. Bound. All duties under this deed of trust are icint and several. Any Borrower who co-signs this deed of trust but does not co-sign the underiving d~:ht instruments(s) does so only to grant and convey that Borrower's interest in bite property to the Trustee under the terms of this dcrd of trust. in addition, such a Borrower sgrecs that the tender and any other Borrower tinder this deed of trust may extend, modify or make anv other changes in the terrn,: of this dcc,! of tits or the secured debt without that Borrower's consent and %without releasing that Borrower from the terms ofthis'deed of trust. The Itri:s and hcncfits of this deed of trust Alill hind and hertefit the successors and assigns of Lcnder and Borrower. 18. Notice. Unless otherwise required by law, any notice to Borrower shall be given by delivering it or by mailing it by certified mail addressed to Borrower at the prnptrty address or any other address that Borrower has given to Lender. Borrower will give any notice to Lender by certified mail to Lender's address on parse I of this decd of crust. or to any other address, which Lender has designated. Any other notice to Lender shall he sent to Lender's address as stated on page 1 of this deed of tn:st. Any notice shall be dce:ned to have been g,iyrn tc'- Bomtwrr tit Lender when given in the manner stated ahuve. 19. Transfer of the Property or a Bentticial interest in the Borrower. [fill or any pan of the property or any interest in it is sold or transferred without the Lender's prior written consent, [ender may demand imtn diatc payment ~-f the secured debt. Lender may also demand imme6ate payment if tlic Borrower is not a natural person and a bcncF46al interest in the Borrower is sold or transfer cd. However, Lender may not demand payment in the above situations if it is prohibited by federal law as of the dale of this deed of trust. 20, Rezonveyanre. When the obligation secured by this deed of trust lias been paid, and Lender his no funher obligation to make advarecs under the instruments or agrccments secured by this flccd of trust, uhc Trustec shall, upon written reouest by the I_endtr, recorvey the trust property, The lender shall deliver to the harrower. or to Borrower's successor in interest, the trust decd and etc note or otherevidtttcc ofthe obligation so satisfied. Borrower shall pay any recordation costs. 21. 5ueetssor Trustee. l rnckr, at Lender's option, may remove Trustee and appoint a successor trustee by first, maiiing a copy of the substitution of trustee as required by ap plicabic ta.v, and then, by f ling the substitution of trrtstee for record in flit office of the register of deeds of cacti county in which the trust property, cr Some part thereof. is situated. The successor t usfce, without conveyance of the property, shall succeed to all the power, duties, authority and title cf the Tmstec named in the decd of tr,rst and of anv successor trustee.