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<br /> cov�r�n���o � •
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<br /> 1. PaymKtt�. l�orrowor opreeo to make all paymonta on thn Cccutccl d�ffi�vhan duo. Unl000�I�orrowcr nnd Londcr cprco othonflno, ony �� y_
<br /> peymonte Londor recolvea /rom �orrownr ar for Horrower'e bonetit ti+ili b� eDP��ed firet to nny amounte Barrower owee ori the eecurad dobt
<br /> exclusiv�o}Intare�t ur prir,clp�l,sacond to Inttre�t,und than to principal,If pertfal prepayment of the securad dobt occure for any roeaon,it will �;;��
<br /> not roduce or excuce any�cheduled poyment until tha tecured debt la pdd In Iuil. �'°�
<br /> 2.Claims Ayainst Tld�.Oorrower will pay ell taxes,atoexamente, end othe�cherpes ettrlhu4eblo to the proporty when duo and v�tll dotond tiiio -��;-�.
<br /> to the prop�rty apelmt�ny clelm�whlch wouid ImptU ths Ilen o}this deed of Iruat.lender mey requlre Borrower to essipn any rlphte,clelme or _fta��n
<br /> detenRe�which 8orrower msy have ayeinet penieo who supp�y lebor or meterlds to Improve or malntaln the property. ___
<br /> , 3.Insur�la. tiorrower wfli koep the property Inoured und�r tarr.�c accopYabla 4o Londcr nt Dorro�vcr'o oxpanso nnd for Lendor's bonofit. All ` ��
<br /> imurance pollclei sh�ll Inciud���tandud monp�pe cteus�in f�vos of Len�'�r,Lsnder will be nemed a�loei payne or as the imured on eny such
<br /> or�to the aecarod dabt�If Lenderroqu re�mortpepe Pniurinci18orroweripreiei to�maUtefn suchhniurancetfor ee lonp�es Lender�raqures�operty _
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<br /> 4.PrapeRy.Borrower wlll keep the property In pood conditlon and make ell►epeirs rec�onebty neceasery. ��Q►-
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<br /> 6.Exp�nsa.Borrowar e raea to pey ell Lender'e expensea IncludlnQ reaaonebta ettorneya'fees,if Borrower brealce eny covenente in thly deed
<br /> of trust or In any oblipat�on aecured by thfa deod of trust.�o►rower will pay theae emounte to Lander as provided in CovannnY 9 of thls deod of .
<br /> truat. �"�
<br /> aac�rjt�ys tneros e�Bonsower�will poHorm ellf�oftBorrowerinoblipeto►na under any prlor mortfl ge�du d ot trust�or�tothei security nQroementr •�
<br /> includlnp Borrower'e covenonte to mako payments when due.
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<br /> 7.As�tpnm�rt o}R�nt��e�d Prof1U.Borrower aesigne to Lender the rente and Rrofito of the property.Unleas�orrower a�d Lendar heve epreed • . � ,
<br /> otherwlse In writinp, Borrawtr mry colleat end reteln the rente as lonp es Bo►rower ii not In defauit. If Borrower deteulto,Lender, Lender'o
<br /> aflont,o► �court appoi�ted recsiver may teks poste�sion and m�nape tho property end colloct the rente.Any rents I.ender colleat�sheil be �i: _
<br /> eppiled firnt to the cotU of manapinp the praperty, Includlnp court cotts and attorneys' feea, commianiona to rental agente, end eny other • ' s
<br /> , , neceseary relatod expensos.Ths remal�inq amount of rent�will then apply to psym�nta on the eecured debt es provided In Cavenant 1. ,� ,y:��R,�
<br /> 8.L�a��hddy Condominiumr,Pl�nnd Unit Dawlopm�nt�.8orrower e reea to comply with the provisiona of any 18ase if this deed of trust la on � '�:,
<br /> a lessehold.I�thl�dned of truit It on e unit in a condominlum ot s pQinned unit development, 8orrower wiil pe►form all of Borrower's dutiaa ��
<br /> unde►lhe covenants,byISw�,or repuletlons of the condominlum or plenned unit devetopment.
<br /> 9.Autlwrtty o1 L���r to P�rtorm tor Borrow�r. If Bo►rower }elle to perform any uf Bonowar'a dutiee undor this doed of vuat, Londer mny + �`:" :
<br /> perfarm tYe dutlas or ceuse them to be performed.Lender may sign Borrower'�n�me or pny any amount It nocesaery tcr performance.if arry
<br />-• conetructlon on the property is diacontinued or not cerried on in a reasoneble manner.Lender may do whetevor is neceseary to protect Lender'e �i'.;�•...:.:�
<br /> security intereat In tha property.This may include comptetlnp the construction.
<br /> Lender'c fe{lure to pertorm will not preclude Lender from�xercitlnfl any of ite other righte under tho law or thla deed of truat. • „ _ v
<br /> Any amounte peld by Lender to protoct Lender'e eecurity interest will be secured by thle deed of truat. Such amounte wlll be due on demand ���,.=_ �
<br /> and will bear Interoct from the dste of tM payment untit paid in fuU et 1he Intereat rate In effect on the eeeurod debt. . ,;,5�_.:--=_
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<br /> 10. O�fautt�nd Ace�IKaUon. If Borrower feila to meke eny payment when due or breeke any wvenants undar this doed of truat or any � ;
<br /> obllgatlon secured by thla dee�!of trust or any prior mortgage o�deed of trust,Ler�dor mey aceelerato tho maturlty of the�ecured debt end
<br /> _ demend immediate payment end mey Invoke the power of sale end any other remediea permitted by epplicable law. ��. i:•�
<br /> � 11. R�quat for NoUc�of O�f�utt.It ia heraby reyuested that copiea of the notices ot default end eale be sent to eaeh person who li a pnrty �� ---- +a�=
<br /> herato,et the eddreas of each such poraon,ae set forth herein. . ��
<br /> � 12. Pow�r of SY�.If the Lendor invokea the power oi ealo,tho Truatae shali first rocord in the offico of the repister of doedo of oach county ,�t }�
<br /> • wharein the truat property or some part or parcel thereof fe sltueted a ratice of deTeutt contalnino tho informetfon required by law.The Trustee ' p .
<br /> ehall etso mail copies of the notice of defautt to ths Borrower,to each pereon who ta e perty hereto, end to other pbrsona ao prescribed by ; .
<br /> appliceble law. Not lese than one mont h e ner t he Truttee recor de t he no t ice o f d�f a u t t o r t w o m a n t h s i f t h e t r u s t p r o p e rt y is not In en y
<br /> Incorpo►ated city or vlilega�nd is uaed In farming oparatlone carrfe�on by the t►ustor,the frustee shall gfve public notice ot eele to the poraone
<br /> and In the men�er preacribed by npppliceble Iaw. 7 r ustee,without demm d on Barrower,s hel l ael i the prope r t y et pubtia euction ta the hlphost �.��
<br /> bidder.If requlred by the Farm Homesteed Protection Act.Truetee shell ofier the property in two aeparete ealee o�required by eppticable lew.
<br /> Trustee mey pottpone sete of ell or nny parcel of the property by public e�nouncement at the 41mo end plece of sny prevlaualy�cheduled sete. •. �
<br /> Lender or Ite dedgnee mey purchese the property st any nate. � -
<br /> Upon recelpt of payment of the price bid,Truatoo shall dellvor to the purchacer Trustoe'a deod conveylng tha property.The recitiela contalned In � ,f,�
<br /> 7ruetee's deed ehall be prime fecle evidlence of the truth of tho etatoments containod thoroin.Trustee shall epply the proceed�of the saie In the � ;�tf*1 '
<br /> following order: (a) to ell expenaea of the eete, includfnp, bui not Amited to, reasonable Trosteo's feos, rensonebte attorney'e feet end •
<br /> reinatatement feee;(b)to e118ums seeured by thle deed of trust,end(c)tho balance,if any,to the pereona legnlly e�titled to receive it. 4� �'
<br /> 13.For�clo�ura.At Lendor's option,thls deod of truat mey be torocloeed in the menner provide by applirsable taw for foreclanure of mo►tgagee
<br /> on reel property, ; ' �•!�'�ti�
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<br /> � 14. Intp�cUon.Lander may ontor tho propnrty to Inapoct It ft Londor givoa Borrowor notico betorohnnd. Tho notico muat stoto tho reesonnblo � . . .
<br /> ceuse for Londer's Inspectlon. ,� �
<br /> 16.Cond�mnaUon.Borrower assigns to Lendor the roceede of any awerd or clalm for damages connected wfth e condemnatlon or other taking �*
<br /> ' of all or any part of tho property.Such proceodo wiP bo eppllod as proNded in Covenant 1.This ossignment fe subJoct to tho torms o1 any prior J��„�ti
<br /> socurity egreemant. 1+i •��+.s�
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<br /> 16.W�ivH.By oxercfsing eny remedy avefloble to Lender, Lendor does not pive up any righta to lator uao any othor remody.By not exercising ,
<br /> eny remedy upon Borrower's default,Londer does not waive any right to later conaldor tho ovont a dafnutt ff it heppOns nflain. ` �. � ,{
<br /> � 17. Jdnt utd S�vK�I Ll�bllity• Cadpn�►r, Succ�noa�nd Astipns Bound. All dutioa undor thlo doed of truat aro joint und sevaral. Any ! ,� ' . ,;F;
<br /> Borrower who co•slpna thla deod of Vuet but dooa not co•sifln tho underlyin9 debt Inatrumentle) doos so only to grant end convey that , , p ,
<br /> Borrower'e intereat in the p►operty to tho Trustoo under tho terma of thia daod of truat.In addition,such a Borrowor agroos that tho Londer and , . � ,.
<br /> ony other Borrower under this deed of truat mey eMend,modi�or mako eny othar changos fn the tarms of thls dood of trust or the secured .
<br /> � dobt without that Borrower'a consant ond without reloaaing that orcowor from tho torma of this dood of truet. � +- �
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<br /> Tho dutias and bonefits of thlrt dead of trust ahalt bind and bonofit tho eucaossors end assfqns of Lendor and Borrower. „ "'
<br /> 18.Notic�.Unloas othorwiso rcquirod by low,ony notico to Borrowor shnll bo givan by dolivorfng It or by mailinp it by cartiffed mafl addrossed to � � �
<br /> Borrower at tho property addreea or eny othor addreas that Borrowor has qivon to Londor.Borrowor will givo any nottca to Lender by certfilod
<br /> mafl to Lander's eddroes on pege 1 ot thls doed o}trust,or to any other eddress whlch Londor has dasignatod.Any othor notico to Londor shali
<br /> be sont to Lendor's addross as ataYod on pago 1 of thla dood of t�uot. •�
<br /> Any no4lca shali bo deemed to have been givon to Borrower or LendAr whon flivon In tho manner atated ubovo. �
<br /> 19.Tr�ntfar of th�Prop�rty or a B�nallci�!Inter�tt tn tM Bartower.If ell or eny part of tho proporty or nny intorost in ft ia oold or transforred �
<br /> without Lertder'a prior writton consant, Londor mey demand Irnmodiato paymon4 of tho eocurod dobt. Londor may also domnnd immodieto �
<br /> demandtpaymenB inrthe ebovo sftuetion�f li/e p ohibkad by f dorel law as of tho dete of hie dood'of trust nefarrod. Howovur, Londor may not ;
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<br /> 2b. R�conv�yanC�.Whan tho obligeilon cocurod by thfe docd of trust hos boon pald,nnd Londor hao no furthor obllpotion to mako ndvancos ��
<br /> _ un�er tAe in�uumente or ogreomonte socurod by thle dood of trust, tho Trustaa shdi,upon writton raquoat b�ho Londor,roconvoy tho trust i �
<br /> -. .....' _. . –_ "_"�. .�_�_r�_�_u i.Y.�.�.�c.........�. ...•.,o..»..�....•o..,�..�....�1..1..��...� �M�...o�.Im.l cn.1 t rv.m er nthnr nvtAnnr.n ot thn —.._.
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<br /> obl fletion so eatlsfioA.Borrowor shnll pny any recordotlon costs.
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<br /> 27. Sucataa Tru�too. Londer, ot Londar'e aption, moy ramovo Truatao nnd nppolnt a succoasor trustou by firet, moflinp u copy o} tho �
<br /> � substitution of tru3toe oa roqtefrod by npplicnblo law,nnd than,by tilin$iho eubstitutton of trustoo fo�rocord In tho oHico af tho robfator of dnods �
<br /> of eech caunty In whlch tho trust proporty,or somo part thoroof,Is eituotad. The succuasor trustoo,without convayanco of thv proporty, shall ,
<br /> � euCCead to all the powor,dutios,uuthority and tltio of tho Trustoa numad en tho dood of truat nnd of ony auccoasor truatoa. I
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