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<br /> covENnN�rs 9 9 f 0"r�"1 c�
<br /> 1. 7'aynents. I3orrower agrees to make all payments on the secured debt when due. Unless Borro���er and I,ender agree otherwise,any paymen[s Lender receives from
<br /> F3orro�ver or for Borrower's benefit will be applied first to any amounts E3orrower owes on the secured debt exclusive of interest or principal,second to interest,and then to
<br /> p�tncipal. If 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 fi�ll.
<br /> 2. Claims Against Title. E3orrower will pay all taxes,assessments,and other charges attributable to the property when due and will defend title to the property against
<br /> any claims which would impair the lien of this deed of wst. Lender may require Borrower to assign any rights,claims or defenses which Borrower may have against
<br /> parties who supply labor or materials to improve or maintain the property.
<br /> 3. Insurance. Borrower will keep the property insured under terms acceptable to Lender at Borrower's expense and for L.ender's benefit. All Insurance policies shall
<br /> include a standard mortgage clause in favor of Lender. Lender will be named as loss payee or as the insured on any such insurance policy. Any insurance proceeds may be
<br /> applied,within Lender's discretion,to either the restoration or repair of the damaged property or to thesecuted debt. lf Lender requires mortgage insurance,Borrower
<br /> agrees to maintain such insurance for as long as Lender requires.
<br /> 4. Property. Borcower will keep the property in good condition and make all repairs reasonably necessary.
<br /> 5. Expenses. Horrower agrees to pay all Lender's expenses, including reasonable attomeys' fees, if Borrower breaks any covenants in this deed of trust or in any
<br /> obligation secured by this deed of trust. Dorrower will pay these amounts to Lender as provided in Covenant 9 of this deed of trust.
<br /> G. Prior Security Interests. Unless [�orrower first oblTins I..ender's wriuen contest, I3orrower will not make or permit any changes to any prior security interests.
<br /> Borrower will perform all of I3orrower's obligations under any prior morlgage,deed of trust or olher security agreement,including[3orrower's cevenanls to make payments
<br /> when due. - -
<br /> 7. Assignment of Rents and Profits. Rorrower assigns to Lender the rents and rrotits of the property. Unless Borrower and Lender have agreed otherwise in writing,
<br /> Borrower may collect and retain the rents as long as E3orrower is not in default. lf Borrower defaults, Lender, C,ender's agent, or a„�o apppint�cl�receiv�r,r�t�y take
<br /> possession and manage the property and collect the rents. Any rents Lender collects shall be applied first to the costs of managing the�r�erty, iRC�dif�g courf c�sts and
<br /> atlorneys'fees,commissions to rental agents,and any other necessary related expenses. The remaining amount of rents will then apply to payments on the secured debt as
<br /> provided in Covenant 1.
<br /> 8. Leaseholds;Condominiums;Planned Unit Developments. Borrower agrees to comply with the provisions of any lease if this deed of trust is on leasehold. If this
<br /> 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
<br /> the condominium or planned unit development.
<br /> 9. Authorily of L.ender to Perform for Borrower. If Borcower fails to perform,any of Bortower's duties under this deed of trust,Lender may perform the duties or
<br /> cause them 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
<br /> 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.
<br /> Lender's failure to perform will not preclude Lender from exercising any of its other rights under the law or this deed of trust.
<br /> Any amounts paid by Lender to protect Lender's security interest will be secured by this deed of trust. Such amounts will be due on demand and will bear interest from the
<br /> date of the payment until paid in full at the interest rate in ef'fect on the secured debt.
<br /> 10. Uefault And Acceleration. If Dorrower fails to make any payment when due or breaks any covenants under this deed of trust or any obligation secured by this deed of
<br /> 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
<br /> any other remedies permitted by applicable law.
<br /> 11. Request for Notice of Default. It is hereby requested that copies of the notices of default and sale be sent to each person who is a party hereto,at the address of each
<br /> such person,as set forth herein.
<br /> 12. �o�uer qtSde. I£ihe E�nier ioxcikae.tl�apnvwer __
<br /> some part or parcel Wereof is situated a notice of default containing the information required by law. The Trustee shall also mail copies of the notice of default to the
<br /> Borrower,to each person who is a party hereto,and to other persons as prescribed by applicable law. Not less than one month after the Trustee rewrds the notice of default,
<br /> or two months if the trust property is not in any incorporated city or village and is used in farming operations carried on by the trustor,the Trustee shall give public notice of
<br /> sale to the persons and in the manner prescribed by applicable law. Trustee,without demand on Borrower,shall sell the property at public auction to the highest bidder. If
<br /> required by the Farm Homestead Protection Act,Trostee shall offer the property in two separate sales as required by applicable law. Trustee may postpone sale of all or any
<br /> pucel of the property by public announcement at the time and place of any previously scheduled sale. L.ender or its designee may purchase the property at any sale.
<br /> Upon receipt 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
<br /> prima facie evidience of the truth of the statements contained therein. Trustee shall apply the proceeds of the sale in the following order: (a)to all expenses of the sale,
<br /> including,but not limited to,reasonable Trustee's fees,reasonable attomey's fees and reinstatement fees;(b)to all sums secured by this deed of Wst,and(c)the balance,if
<br /> any,to the persons legally entiUed to rcceive it.
<br /> 13. Foreclosure. At L,ender's option,this deed of tnist may be foreclosed in the manner provided by applicable law for foreclosure of mortgages on real property.
<br /> 14. Inspection. Lender may enter the property to inspect it if Lender gives Borrower notice beforehand. The notice must state the reasonable cause for Lender's
<br /> inspection.
<br /> 15. Condemnation. Borrower assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the
<br /> property. Such proceeds will be applied as provided in Covenant 1. This assignment is subject to the terms of any prior security agreement.
<br /> l6. Waiver. By exercising any remedy available to Lender, Lender dces not give up any rights to later use any other remedy. By not exercising any remedy upon
<br /> Borrower's default,L.ender dces not waive any right to later consider the event a default if it happens again.
<br /> 17. Joint and Several LiAbility;Co-signers;Successors and Assigns Bound. All duties under this deed of Vust are joint and several. Any Borrower who co-signs this
<br /> deed of trust but does not co-sign the underlying debt instruments(s)dces so only to grant and convey that Bortower's interest in the property to the Trustee under the terms
<br /> of this deed of trust. In addition,such a Bortower agrees that the[,ender and any other Borrower under this deed of trust may extend,modify or make any other changes in
<br /> the cerms of'this dced of�trust u.tne secured debt widtoat that Borrower's consent and withaut reieasing irhut Borrower irom the terms oi'iiiis�ieeci vf trust.
<br /> The duties and benefits of this deed�f trust shatl bind an3 benefci the successors and assigns of Lender anu Borrowec
<br /> 18. Notice. Unless othenvise required by law, any notice to Bortower shall be given by delivering it or by mailing it by certified mail addressed to Borrower at the
<br /> property address or any otlier address that Borrower has given to Lender. Borrower will give any notice to Lender by certified mail to Lender's address on page 1 of this
<br /> deed of trust,or to any other address,which Lender has designated. Any other notice to Lender shall be sent to Lender's address as stated on page 1 of this deed of trust.
<br /> Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated above.
<br /> 19. Transter of the Property or a Beneficial Interest in the Borrower. If all or any part of the property or any interest in it is sold or transferred without the Lender's
<br /> prior written consent,Lender may demand immediate payment of the secured debt. Lender may also demand immediate payment if the Borcower is not a natural person and
<br /> a beneficial interest in the Borrower is sold or transferced. However,Lender may not demand payment in the above situations if it is prohibited by federal law as of the date
<br /> of this deed of trust.
<br /> 20. Reconveyance. When the obligation secureed by this deed of trust has been paid,and Lender has no further obligation to make advances under the instruments or
<br /> agreements seucred by this deed of trust,the Trustee shall,upon written request by the Lender,reconvey the trust property. The Lender shall deliver to the Borrower,or to
<br /> Berrower's successor in interest,die trust deed and the note or other evidence of ihe obligation so satisfied. Bonower shall pay any recordation costs.
<br /> 21. Successor Trustee. Lender,at Lender's option,may remove Trustee and appoint a successor trustee by first,mailing a copy of the substitution of trustee as required
<br /> by applicable law,and then,by filing the substitution of trustee for record in the office of the register of deeds of each county in which the trust property,or some part
<br /> thereof,is situated. The successor Uustee,without conveyance of the property,shall succeed to all the power,duties,authority and title of the Trustee named in the deed of
<br /> trust and of any successor trustee.
<br /> 1.
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