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<br /> COVC-PJANT3 6 CJ�.°� �,�����•� , ^�
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<br /> 1. Pa}I�a�ata. Borrowor oprooa ta molco u�i p�ymon40 on tho oocurcd dobt �fhon duo. Unloan Daerowar ond Londcr a(�roo oth^�vd�o, nnv
<br /> paymonta Londor racelvea from Borrowur ov tor Bonowor'e banetit wlll bo epplicfU flret ta ony omounte 8onowor awae on tho oocurad dabt _ ___
<br /> oxcluaivo of Int�roat or principel,eocond to Interoet,and thon to prinClpal.If partiel propeym�nt of tho oocurad dnbt occuro for nny romaon,It wllf
<br /> not r��Jueo or oxcuse eny tcheduied peyment�ntil thq gecured dAbt Is pald In tull, -
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<br /> 3.ClNm�Ap�1mt TIB�.B rrower wlll,pere��texes,eases�monte,and othor cherdoe a4trlbutoblo to tho proparty whcn duo and wlll dafend titlo __
<br /> ' to the pruperty apafnst en�clalm�whlcfi w0utd Imp�lr the Ilen of thle daed of 4ruet.Lender mey roqulra Borrower to naslQn ony rlphta,clafm�or -
<br /> dofenae�v�hlch Horrower msy havs aa�ln�t partfea who eupply lebor or mete►ials to Improve or mefntain the pruperty.
<br /> 3.InnurcTCC. Borroa�cr t�lll l:ocp tha prop�rty In�urod undor tormo nc4nptebfe to Lendor et Borrowor's oxpenao ond for Londor'e honofit.Al) ''!`�--
<br /> inaurance policlea shall Include a etandsrd mort9ape cleuse In fevor of Lender. Lender wiil be nemed es loae peyoe or ae the inaured o�eny such
<br /> Insurence polfay.Any insuronce proceeds meV 6e applled,withln Lender'�dlscretton,to elthor the restora*1on or repair of the damap9d praperty •„ s�e�
<br /> '" or to the socured debt.If Lender requirea mort4ape Insurence,Borrawer apree�to melntefn euch Insurance for ea lonp es Lender roquiree. �
<br /> 4.Frop�rty.B<<rower wiU kaep the proporty In good condition end mnko ell repalrs reesonebly neceasery, y�*f°r
<br /> 6.Exp�nss�.Borrower agreea to pay all Lander's expanaes.Includlnp reasonabie attorneys'feeB,i}Borrower breaka any covenante in ihia doed
<br /> of trust or In any obllpotion sea�rod by thfa dead o4 trust,Borrower will pay theIIO emounta to Lender es provlded in Covonant 9 of tttie daod of •� �
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<br /> LfU6L. ' � � ���
<br /> 8.P�lor Sacurity Intu�iu.Unlese Barrower firat ohtains Lender'�writton conaent,Borrower witl not make or permit eny chanDes to eny prlor -
<br /> I securlry intoreato. Borrower wlll pertorm ali of Borrowar's oblipatlona undar eny prior mortpago, deod of trust or other securfty apraement, ��_
<br /> 1 includlnp Borrower'a c�venante to meke payments when due. �`T`�
<br /> I 7.Asalpnmmt of R�nU�nd Proflt�.Borrowor eoaipns to Lender the rento artd proflte of tho property. Untoae 8orrowor end l.ander have epreed ��'
<br /> otherwise In wrltinp, Dorrower may colieat and retain tho ronte es lonp ee Borrower lo not In default. If Bor►uwer dofauite, Lendar,Londer's �*" °
<br /> • egent,or a court eppolnted receiver may take paasesalon end manape 4he proporty and collect the rente.Any ronts Lender collecte shell bo �.:_
<br /> appited Hrst to the costs of manag(ng tho prope►ty, including court coats end ettomeye' feee, commissiona to rentel epente, and my othor .�-_,
<br /> neceseery reluted expenses.The reme�ning amount of rents wili then apply to peymente on the socured debt es provided in Covenent 1. '•+�.•�_' �,
<br /> 8.L�as�hdds:CondominWms;Plann�d Unit D�volopmsnh. Borrower egreea to comply with the provlslons of eny loese if this deed ofr Uu�t Ieori • •'•`':"'��'`
<br /> a ieasohold.If this deed of t►uat Is on a unit In a condeminlum or a plannod unit devolapment, Borrowar wiit porform ell of 8orrower's du8os �'�`�
<br /> undar the covenante,bylews,or repulationa of tho condominium or planned unit devetopment. ' ___ ___
<br /> 9.AuUiortty ot Lend�r to P�rfarm for Borrowu. If Borrowor foife to�arform any of Borrowor's dut(oa undor thia dood of truet, Londor moy ..
<br /> per(orm the dutles or cause them to bo performod.Lender mey eign orrowet'6 namo or pay any emount If noceaeary for performanca. If eny , ,,,,, a; ��
<br /> constructlon on tho property!s dlacontinued or not carrled on in a reaeonebla menner,Londor moy do whatovor ia nacessary to proteCt Lender's ,;���r
<br /> socurity intorest in the property.Thla may Include comptating tho constructlon. .
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<br /> Landor's feilure to perform will not preclude Lender irom axercising any of Ita other righte undor the law or thla deod of truat. �;�:
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<br /> Any amounte peld by Lender to protect LondeYs security interost will be aecurod by thle deed of trust. Such emounte witl be due on demend „}. :x,,:_,
<br /> end will boar intereat fram the date of the payment untit paid in fuli at tho Intereet rate In offeCt on the secured dobt. �,_ ,:��,,
<br /> � 10. D�tauit�nd AccN�r�tlon. If Borrower faila to meke any payment when due or breaks any covenante under thle deod of t�utt or any • x"'��.
<br /> � oblipatlon eecured by thit deed of trust nr eny Friar mortgage or deed oi Yrunt, lender mey acceiereto the maturlty of the eecured debt and °;�r-
<br /> � domnnd immedlete peyment and may invake the power of sele and any other remedlea permitted by applicablo law. .�qJ�
<br /> � 11. R�qu�st tor PIoUc�of D�fwit.It Is heroby requested that coples of the noticee of dofault and sale be se�t to each percon who it a perty ,..��
<br /> I hereto,at the addreas of each such porson,ae sot forth hereln. . .
<br /> 12. Pow�r of 5�1�.If the Lender Invokes the power of eala,the Trustoo ahall firat rocord fn the ofilco of tho reglstet ot deeda of eeth county �
<br /> ' whoreln the trust property or some part or parcol thereof Is eltueted a notico ot dotault contalning the Information roquired by lew.The Truatee . � :
<br /> shall elso mail coples of the notice of default to the Borrower,to oach persan who is a party horoto,and to other pereona as proYCribed by
<br /> � appticeble law. Not lees then one month after the Trustee rocords tho notico of default, or two monthe if tho trust property la not In eny • l�
<br /> I�corporeted ciry or vlllege and la uned In terming operationc carried on by the truator,the Trusteo shall givo public notice of aele to the pe►eens
<br /> � and in the manner proacribed by eppplicabto lew. Trustee, without demand on Borrower,shell soll tha proporty et pubilo euotfon to the hiphest •�
<br /> � 6ldder.if requ(red by the Farm Homestead Protection Act, Trustee shall oHer the property In two eepereto eales no rnqulrod by epplicebie lew. . �•�
<br /> Trustee may poatpone eele of ell or eny parcel of the property by public ennouncement et tho time nnd pleco of eny prevfously acheduled�eie. .•� �
<br /> Lender or Ite designee may purchsee the p►operty at any eale. ;e,i ,
<br /> Upon rocelpt of payment of the prlco bid,Trueteo eheil doliver to the purchaser Trusteo'e deed convoying tho property.Tha recitiete eontalned in . "I.
<br /> Trusteo's doed shall bo prlme facle evidience of the truth of the statoments contained theretn.Trustee shall epply the proceeds of tho�ele in the t�; ' .
<br /> following order: (el to alt axpense� of the ealo, includinp, but not Iimited to, roasonabia Trueteo's taes. reasoneble attorney'�leea end � ��
<br /> relnstatement fees;(b1 to eli eume secured by thls doed of truat,and(c)the balanco,If any,to tho porsonu lopally ontitlod to raceive it. �
<br /> • 13. Fonclotun.At Lender's option,thie doed of truat may be foreclosed In the manner provide by applicable law for foreclosure of mortgages ,� '
<br /> on re�i proporty.
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<br /> 14. Imp�otio�.Londer may onter the proporty to inapc+ct it If Lendor givos Borrowor notico betorohand. Tho notico muet stete the reasonabio �
<br /> cause for Lendor's Inspoction, ' � `,�
<br /> 16.Cond�mmUon.Botrowor esslgna to Londer the procoede of nny ewerd or claim for damages connacted with a condemnatlon or other tekinp � � ��a
<br /> of ell or eny part of tho property.Such proceods will be eppliod ae provided in Covonant 1.Thle analgnment is subJect to the termi of a�y D�ior � .
<br /> . security egreement. I I.';,"���..
<br /> 18. Wdv�r.By exerciaing any romedy availeble to Londor, Lender doos not givo up eny rights to later uso any othar romedy. By not exorcisinp � ' ,F�` `
<br /> � „ any ramady upon Borrower's defautt,Londor dons not walvo anV ripht to letor considor tho ovont e defauit if ft happena apaln. � .�
<br /> 17. Joint end S�wrd Lt�Wiity; Co•sip��n; Succ�taon end Aa�IQm Bound. All dutfoa under this dood of trust ere Jolnt and sovoral. Any i •� .}~,�
<br /> Borrowar who co•afflne this dsad ot trust but doos not co•sipn tho underlying dobt Inatrumentls) doas so only to flront und convoy ihnt OV,, , �"`•
<br /> Borrower's interoat In tlie property to tho Truatoo undor tho torma of thia dood of trust.In nddi2ion,such o Borrowor ngroes thot the Londor an� R �
<br /> • any other Borrower under thie deod ot truat mey oxtend, modity or mako nny othor chengea in tho terma of thia dned of truat or tho socurud • ' �
<br /> debt without that Borrower's consont and without rolaesinp thnt Eorrowor from the terme of thfe doed of truet. w;�,
<br /> � Tho duties end benefite of thie dead of truat shelt bind ond bonofit the succossors end eeaigna of Londor and Borrowor. '�
<br /> � 18.NoUc�.Unleae o4�erwiso roquired by law,eny notics to Bo�rower sholl be givon by dolivoring It or by mafling it by cortified mall addrossod to , r •
<br /> � Borrower et the propflrty eddrese or eny other addross that Borrowor has givon to Londor.Borrowo►will givo any notioo to Londor by cortiflod �
<br /> I mail to Londar's edtl�eas on page 1 of tf�is dued of trust,or to any othor oddrose which Londor hes designatad.Any other notice ta Londor ehell
<br /> bo sont to Londer's addrests as eteted on p�ge 7 of this daed of trust. ? �
<br /> � Any nottce sheil be deomed to have boen pivon to Borrowor or Lendor when givon in tho mnnnet statod nbovo. y.,
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<br /> 19.Tren�t�r o!tho Proparty or s B�neflclal Intaest In th�Bonowor.If all or eny part of tho proporty or nny interost In It ia sold or trensforrod
<br /> without Londor'H prfor wrftton consont, Londor may domand tmmedinto paymant of tho sacurod debt. Londor mey also demand Immadinte
<br /> pnymont It tho Borrowor In not o natural porson and a bonoficlnl intorost in tho Borrowor Is sold or trnnsforrod. Howovor, Londar rnay not � �
<br /> domand payment In the ebove situetlons Ii It Is prohlbltOd by todcral law as of tho date af thla dood of trust.
<br /> 20. Rtconv�yanct.Whon the obligetion aacurod by Rhis daad of truat has boen peld, end Londor has na furthor obligatian to mako acivancos �I
<br /> undar the InstrumenU or e reemonts secured`uy ih(n doed of truat,the Trustoo ehetl.upon writton'roquest b tho Lendar,reconveytfia trust
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<br /> rw���...�...�..0�.u,...•..•�c......�.,.. N 1A MIIAWY��Cl�f:lCGCN I/1�nt.ranr. rhe xuar dnad and tKo notn or othnr ovldnnce ot tho , ',�
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<br /> ablfgetlon so eutiefiod.Borrowor shoil pay any recordatfon coste. ` ``�
<br /> 21. Succ�ssor Trusta. Londor, at Londor's optlon, mny romovo Trustoo and uppofnt a succossor truatoo by first, mafiinp o copy of tho ;,j
<br /> subst�tu4ion of t�uetoo eo roqulrod by opplicablo law,and thon,by filin tho substitution of trustao for rocord in tho oNico of tho repistur of doodF .,.
<br /> of oech county in whfch tho trust proporty, or somo port thoroof,fe sRtuatod.Tho euccoscor trustoo,without convaynnco ot tho property,shall '
<br /> ' ' succeud to atl tho power,dutloe,outhority ond titlo of tho Truatoo namod in tho dood ot truat und ot uny auocossor trustoo. �
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