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<br /> COVENANTS 9 9 10 7 5 7 6
<br /> 1. Payments. Borrower agrees to m3ke all payments on the secitted debt when due. Llnless Borrower and Lender agree othenvise,any payments Lender receives from
<br /> Bor�rower or for Bonower's benetit will be applied first to any amounts Borrower owes on the secured debt exclusive of interest or principal,second to interest,and then to
<br /> principal. 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 full.
<br /> 2. Claims Against Title. Borrower will pay all taxes,assessments,and other charges attributable to the property when due and will defend tide to the property against
<br /> any claims which would unpair the lien of trris deed of trust. Lender may requue Bonower to assign any rights,clauns or defenses which Borrower may have against
<br /> parties who supply labor or materials to improve or maintain the proper[y.
<br /> 3. Insurance. Borrower will keep the property inswed under terms acceptable to Lender at Borrower"s expense and for Lender's benefit. All Insurance policies shall
<br /> include a standard mortg�ge clause in favor of Lender. Lender will be named as loss pavee or as the inst�red 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 the secured debt. If Lender reyuires mortgage insurance, I3orrower
<br /> ag,rees to main[ain such insurance for as long as Lender requires.
<br /> 4. Property. Borrower will keep the property in good condition and make all repairs reasonably necessary.
<br /> 5. Expenses. Rorrower agrees tn pay all Lender's e�enses, including reasonahle attorneys' fees, if Rorr�wer hreaks sny covenants in this deed of trust or in any
<br /> obligation secureci b}'this deed of trust. F3orrower will pay these amounts to Lender as provided in Covenant 9 of this deed of trust.
<br /> 6. Prior Security Interests. Llnless I3orrower 6rst obtains Lender's writtan contest, Eorrower will not make c�:perrn:t any cbanges to any prior security interests_
<br /> Borrotver�vill perform all of Borrower's obltgattons under any prior mortgage,deed of trust or other sectuity agreement,including Borrower's covenants to make pa}�ments
<br /> when due.
<br /> 7. Assignment of Rents and Profits. Borrower assigns to Lender the rents and profits of the property. Unless Boirower and Lender have agreed otherwise in writing
<br /> 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 appointed receiver may take
<br /> �ssession and manage the property and coltect the rents. Any rents t.ender collects shall be applied first to the costs of managing the properry;including court costs and
<br /> attorneys'fees,commissions to rental agents,and anyo uther 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. lf this
<br /> deed of trust is on a unit in a condominium or a planned unit development,Bonower will perform all of Borrower's duties under the covenants,by laws,or regulations of
<br /> the condominium or planned unit development.
<br /> 9. Authority of Lender to Perform for Borrower. If Borrower fails to perfonn,any of Boirower's duties under this deed of trust,I,ender may perform the duties or
<br /> ;ause them to be performed. Lender may sign Boirower's name or pay any�amount if necessary for performance. If any construction on the property is discontinued or not
<br /> cairied 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 e�:ercising any of its other rights under the law or this deed of trusi.
<br /> Any amounts paid by l,ender to protect Lender's security interest�vill be secured by this deed of trust. Such amounts will be due on demand and will bear interesi from the
<br /> date of the payment until paid in full at the interest rate in effect on the secured debt.
<br /> 10. Default and Acceleration. If Bonower fails to make any payment when due�r breaks any covenants tmder this deed of tn�st or any obligation secured by this deed of
<br /> wst or any pnor mortgage or deed of trust,Lender may accelerate the tnaturity of the secured debt and demand unmediate payment and may invoke the power of sale and
<br /> any other remedies pemiitted by applicable law.
<br /> 11. Request for NoNce 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. Power of Sale. If the Lender invokes the power of sale,the Trustee shall first record in the office of the register of deeds of each county wherein the trust property or
<br /> some part or parcel thereof is situated a notice of default con(aining the information required by law. The Trustee shall also mail copies of the notice of default to the
<br /> Rorro�ver;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 records 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 Fann Homestead Protection Act,Trustee shall offer the property in two separate snles as required by applicable l�w. Tnistee may postpone sale of all or any
<br /> parcel of the property by public announcement at the time and place of any previously scheduled sale. Lender or its e�esignee 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 faaie evi3ienae of the Uuth af the statements contained therein. 'I7ustee shalY appl_y the prooeeds of the sale in the fallowing order: (a}ta att expenses of the sale,
<br /> including,but not lunited to,reasonable Trustee's fees,reasonable attomey's fees and reinstatement fees;(b)to ali sums secured by this deed of trust,and(c)the balance,if
<br /> any,to the persons legally entitled to receive it.
<br /> 13. Foreclosure. At Lender's�ption,this deed of tnist may be forecl�sed in the manner Frovided by applicable law for foreclost�re of mortgages on real property.
<br /> 14. InspecNon. Lender may enter the property to inspect it if Lender gives Borrower notice beforehand. The notice must state the reasonable cause for L,ender's
<br /> inspection.
<br /> 15. Condemnation. Borrower assigns to Lender the proceeds of any award or clann 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 /> 16. Waiver. By exercising any remedy available to Lender, Lender does not give up any rights to later use any other remedy. }3y not exercising any remedy upon
<br /> Boa�ower's default,Lender does 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 trust are joint and several. Any Borrower who co-signs this
<br /> deed of trust but does not co-sign the underlying debt instruments(s)does so only to grant and convey that Borrower's interest in the property to the Trustee under the terms
<br /> of this deed nf trust. 1n addition;such a Rorrocc�er�grees that the I.ender and any other Rotro�ver under this deed of trust may extend,mndify or make any other changes in
<br /> the terms of this deed of trust or the secured debt without that Borrower's consent and without releasing that Boirower from the tenns of this deeci of trust.
<br /> The duties and benefits of this deed of trust shall bind and bene6t the successors and assigns of Lender and Botrower.
<br /> 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
<br /> property address or any othcr address that Boirower has gicen to I,ender. Bonower will give any notice to Lender by certified mail to Lender's address on page i of this
<br /> deed of trust,ar to any other address,whioh Lender has designated. Any other norir.e t�Lender shakt be sent ta Lender's ad3ress as stated on page 1 of this deed of trust.
<br /> Any notice shall be deemed to have been given to Bonower or Lender when given in the manner stated above.
<br /> 19. Trnnsfer of the Propert,y or a Beneficial Interest in the Borrower. If a11 or any part of the property or any interest in it is sold or Vansfeired without the I,ender's
<br /> prior written consent,Lender may demand immediate payment of the secured debt. Lender may also demand immediate payment if the Borrower is not a natural person and
<br /> a beneficial interest in the Borrower is sold or transferred. 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 secured by this deeci of trust has been paid,and Lender has no further obligation to make advances under the instruments or
<br /> ag,reemen[s secured by this deed of trust,the Trustee shall,upon wriuen request by the Lender,reconvey the trust property. The I,ender shall deliver to the Bonower,or to
<br /> Roiro��-er's successor in interest,the trust deed and the note or other e��dence of the obligation so satisfied. Rorrower shsll 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�pplic;:ible law,and lhen,hy filutg lhe subslilulion of lnu�ee for rec;ord in lhe oCfice of lhe register of deecis oC each coim(}'i�which lhe lrust properly,or some parl
<br /> thereof,is situated. The successor trustee,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.
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