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��OVENAN'I'S 9 9 10 7 6 2 6
<br /> I. �Payments. Borrower agrees to make all paymenls on the secureJ Jebl when due. Unlcss Borrower anJ I.ender agree otherwise,�ny paymenls Lendcr rcccives Irum
<br /> I2urrower or lor I3orrower's b�netil will be applicd�irst to any amounts I3orrower owes on lhe sccured dcbt caclusive of intcresl ur principal,sccond tii intcrest..�nJ thcn tu
<br /> . principal. I I'parlial pr�paymcnt of lhe secureJ debl occurs f'or,my rcason,it will not reduce or excuse�iry schedulcd paymenl unlil lhc seciucd debl is paiJ in full
<br /> 2. Claims Agains['1'itle. l3orrower will pay all laxes,asscssmcnts,and othcr charges attributablc to thc property whcn due and will JcicnJ liUc to thc pruperty against
<br /> any claims which woidd impair thc lien of this deeJ oF trust. Lender may requirc l3orrower to assign any rights, claims or dclenses which 13orruwcr may huvc against
<br /> partics who supply labor or materials lo improve or maintain the property.
<br /> 3. Insuranee. Borrower will kecp the properry insured unJer tenns aeeeptable to I.ender at 13urrower's e�pcnse and lor Lendu's benclil. All Insurancc pulicics shall
<br /> includc.i stanJard nwrtgagc dause in favor ol'I.cndcr. Lcndcr will bc namcd as loss paycc ur us thc insurcJ un any such insw:�ncc pulicy. Any insurancc prucccJs may bc
<br /> applicd,wilhin Lcndcr's discrclion,to cilhcr thc restoration or rcpair of lhc dawagcd property or lo thc sccured dcbt. If I.cndu rcyuires nwrlgagc insurancc, liurruwu
<br /> agrecs to maintain such insurance lor as long as Lender reyuires.
<br /> a. Property. l3orrower will keep the property in good condition and make all repairs reasonably necessary.
<br /> 5. Expenses. 13orruwer agrces to pay all I.ender's expenses, including reasonable attorneys' fces, iF l3orrower breaks any covenants in lhis JccJ of trusl ur in any
<br /> obligation secured by lhis decd of trust. Dorrower will pay thcse amounls to Lender as provided in Covcnant 9 of this dceJ of Uust.
<br /> 6. Prior Secw•ily Inlerests. Unless l3orrower tirst oblains Lender's written contest, l3orrower will �wt make or permil any changes lu any prior security interests.
<br /> l3orrower will perform all of Borrowcr's obligations wider any prior mortgage,dced of trust or other securiry agreemcnt,including l3urruwer's cuvenauts tu make paymculs
<br /> whcn duc.
<br /> 7. Assignment of Rcnts and Profits. k3orrowcr assigns to Lender the rents and prolits of the property. Unless I3orrowcr and I.cndcr havc agrccd ulhcnvisc in�vriling,
<br /> E3orrower may collcct anJ retain the rents as long as Dorrowcr is not in default. lf[3orrower defaults, Lender, LenJer's agent, or a court appuinteJ recciver may takc
<br /> possession and manage the property and collect the rents. Any rcnts Lender collects shall be applied tirst to the costs of managing the property, incluJing coun cus�s anJ
<br /> attorneys' fces,commissions to rental agents,and any other necessary related expcnses. "I'he remaining amount of rents will lhen apply to paymcnts un the secured Jcht�is
<br /> , provided in Covcnant I.
<br /> 8. LeASCholds;Coudominiums; Planned Unit Devclopments. I3orrower agrees[o comply with lhe provisions of any Iease iF lhis decd i�f trusl is un Icaschold. If this
<br /> dccd uF trust is on a unit in u condominium or a planncJ unit dcvclupmcnt,[3orrowcr will perfiirm all of[3orruwcr's dulics undcr thc cuvcnants,by laws,ur rcgulatiuns ul
<br /> lhc cunduminium ur planneJ unit Jcvclopmcnt.
<br /> 9. Authorily of Lcndcr lo Pcrli�rm ti�r 13orruwcr. If liorrowcr lails lo perlixm,any of 13orrowcr's dulics undcr lhis Jccd of trust, I.cndcr may perli>rm lhc dulics ur
<br /> cause them tu be perlormed. LenJer may sign L3orrowcr's name or pay any amount if necessary for perlormance. If any construction on the pruperty is Jisconlinucd ur nut
<br /> carried on in a reasonable manner,Lender may do wh;�tever is necessary to protect Lender's security interest in the property. This may include completing lhc cunslruclion.
<br /> I.ender's failure to perfonn will not preclude Lender from exercising any of its other righls under the law or this deed of trust.
<br /> Any amounts paid by Lender lo protect Lendcr's security intcrest will be secured by this decJ of trusL Such unwunls will be duc on demand anJ will bcar intcresl t�om thc
<br /> date of the payment until paid in tiill at the interest rate in eftect on the secured debt.
<br /> 10. DefAUlt and Acceleraliun. If Borrower fails to make any payment when Jue or breaks any covenants under this deed of trust or any obligatiun secur�J by this dced ol�
<br /> trust or any prior mortgage ur deed of trust,Lender may accelerale the maturily of thc secured dcbt and dcmand inuncdiate paymcnt and may invukc thc puwcr u(sale anJ
<br /> any other remcJies permitteJ by applicable law.
<br /> 11. Reyuest for Notice of UefAUlt. It is hereby requested lhat copics of the notices of Jefault and sale be sent to each person who is a parry hereto,ut the addres�uf cach
<br /> such person,as sct I�xth hcrcin.
<br /> 12. Power uf Sale. I f lhc LenJer invokes the power of sale,lhe'I'ruslee shall lirsl rccorJ in the oflicu of lhc rcgistcr of dceds ol'cach cuunly�vhcrcin lhc lrust prupa�ty ur
<br /> sumc part ur parc�l thcr�uf is situ.ilcd a nolicc of def�iult containing lhc inlbrmatiun rcquirod by law. 'I'hc"I'ruslcc shall also mail cupics uf lhc nuticc uf dcfault tu thc
<br /> 13urrowcr,tu c.ich pursun who is a parly hcrelo,and tu ulhcr persuns�s proscribcd by upplicablc I�w. Nut Icss lhan onc munth ulicr thc'I'rust�c rccurds lhc nulicc uf dc(ault,
<br /> or lwo nwnths if the Uust property is not in any incorporaled city or village and is used in lanning operalions carricJ on by lhe truslor,the"I�rustec shall givc puhlic noticu uf
<br /> sale to the persons and in the manner prescribed by applicable law. 'f'rustee,wiQioul demand on I3orrowcr,shall sell the property at public auctiun lo thc highesl biJdcr. If
<br /> reyuired by the 1'arm I lomestead Proteclion Act,"frustee shall ot7er the property in two separate sales as requirod by applicable Iaw. '1'rustce may poslponc salc of all ur any
<br /> parcel ofthe propurly by public announcement at lhe time and plxce of any previously scheJuled sale. Lender or its Jesignee may purchasc the property at any sulc.
<br /> Upon receipt of payment of the price biJ,"fruslee shall deliver to the purohaser"I'ruslce's dced conveying the property. '1'hc recilials contained in"1'ruslcc's dccd shall bc
<br /> prima facie evidience of the[ruth of the statements contained therein. Trustee shall apply the proceeds of the salc in the following order. (a) lu all cxpenses of thc salc,
<br /> including,bul not limited to,reasonable Trustee's fees,reasonable attorney's fees and reinstatement fees;(b)to all sums secured by Ihis decd of Uusl,and(c)the balancc,if�
<br /> any,to the persons legally entiUed to receive it.
<br /> 13. Foreclosure. Al Lcnder's oplion,this deed of trusl may be fbreclosed in the manner pruvided by applicablc law li�r Ibreclosurc ol'murtgages un rcal property.
<br /> 14. Inspecliun. Lcndcr may cnler the properry to inspect it if l.enJcr gives l3orrower noticc bel'orch�md. "I'hc nolice must statc lhe rcasunahlc cause tiir Lcnder's
<br /> inspcction.
<br /> I5. Condenmaliun. 13urcowcr assigns to l,cnder lhe proceeds of any award or daim far damagcs connecled wilh a condemnalion or uther taking of all or any parl uf lhc
<br /> properry. Such procceds will be applicd as providcd in Covenant I. 7�his assignmenl is subject to the terms of any prior security agreemcnl.
<br /> 1G. Waiver. liy cacrcising any rcmedy available to Lender, Lender does not give up any rights to lalcr use any othcr remedy. 13y not excrcising any r�mcdy upun
<br /> l3urrowcr's dcfault,Lcndcr ducs not waive any right to latcr considcr lhe cvcnt a Jclaull if il happcns agaiu.
<br /> 17. Joint and Sc��cr:�l I,i:ibilily;Co-signcrs;Successors:�nd Assigns 13ound. All dutics undcr this Jced uf trust arc joint and scvcr�d. Any IiiinuH�cr wlw cu-signs lhis
<br /> dc�d uf lru�l bul Jucs nut a�-sign thc underlying dcbt instrumcuts(s)dues so only lo grunt and convcy Ihal 13urrowcr's inleresl in the property to lhe'ITuslcc under th�tcnus
<br /> ol this dced of trust. In adJiliun,such a Borruwer agrecs that the LenJer anJ any olher Borrower under this dccd of Uusl m�y exlend,moJify or make any uther changcs in
<br /> lhc terms of this decd of trust or the securoJ debt without that Borrower's consent anJ without rcleasing that l3orrower Irom lhc lerms of this decd of trusl.
<br /> "I'he duties and benelits uf this decJ of trust shall binJ and beneli[the succcssors and assigns of l,ender and l3orrower.
<br /> I8. Notice. Unlcss othcrwisc rcyuircd by law, any nuticc l0 13orrowcr shall bc givcn by dclivcring il ur by mailing il by ccrtificd nwil addresscJ tu 13urruwcr ut thc
<br /> property�ddress or any other address that l3orrower has given to Lender. Borrower will give any notice lo Lcnder by certilicd mail lo Lender's address on page I of lhis
<br /> deeJ of lrust,or tu any ulher adJress,which L.endcr has designated. Any olher nolice to L.cnder shall be sent to Lender's address as slated on page I of this Jecd of trusl.
<br /> Any noticc shall bc dccmcd lu h,rvc hccn givcn to Burruwcr or Lcndcr�vhcn givcn in lhc manncr slalcd abovc.
<br /> l9. '1'rausfer uf Ihe 1'roperly ur e 13enelicial Interest in the 13orrower. If all or any part of lhc property or any inleresl in il is sold or translcrred wilhuut lhc I.cnJcr's
<br /> priur writlen conscnt,Lcndcr may dcmand immediate payment of the sccured dcbt. Lender may also demand immcdiatc paymenl if the E3orrower is nol a natural person anu
<br /> a beneticial interest in lhe 13urruwer is sold or tr�nsferred. I lowever,I,ender may nol demanJ payment in thc abuve siluations if it is prohibileJ by�cderal law as uf lhc dalc
<br /> uf lhis dccJ uf lrusl.
<br /> 211. Reconvcy:uice. Whcn thc ubligaliun secured by this dccd of lrust has been p�id,anJ Lender has no turther obligation to makc aJvances under lhc inslrwncn�s ur
<br /> agrccmcnts scciucJ by lhis dccd of trusl,thc'frustcc shull,upon wriltcn rcyucsl by thc LcnJcr,rcconvcy Ihc trusl proputy. "I'hc I.cndcr sh�dl dclivcr tu lhc liurru��cr,ur lu
<br /> Bun�uwcr's succcssur in iulcresl,thc trust dccd anJ Ihc nule or othcr cvidcncc of thc uhligation su salisf icJ. l3orrowcr shull pay uny rccurdaliun custs.
<br /> 21. Suceessor"1'ruslee. Lendcr,al I,ender's option,may remove 7'ruslec and appoint a successor lrustce by tirst,mailing a copy o�'lhe subslilutiun ol trust�c us rcquircJ
<br /> by applicablc law,anJ Ihcn,by liling the substilution of truslec tix record in lhe ol7ice uf thc regisler of dceJs ofeuch county in which thc trust property,ur sumc p�rt
<br /> thcrcul�.is siluatcd. I hc succcssur truslcc,wilhuul wuvcyaucc uf Ihc prnperty,shull succ�cd tu all lhu puwcr,dulics,<udhority�mJ tiilc of thc'frustcc namcJ in Ihc dccd ul'
<br /> lrust and of atny succcssur Uuslcc.
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