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<br /> _ , . - . - ` � � COY8�tA11RS ��•� � -� `
<br />__ .... . ` . 1.Payir�ttl�. Bottovtet eSr�ss to tetake eU psYmeMS on ihe saaaed debt v�hen d1te. Untsss Barrower and Ltsndar egree atAerwise. arry � � , , �'A
<br /> - ' Paymarrts LenCer rsceives,trosl�Banovfrer o:iar E+urawer'a banefit vn11 be aaptlsd firat ta arry amnurts 6orrovwt ow�t on tha aecured debt �. � . . � °_=
<br /> — ' s • , ':`< ' �e�cctus(ve ot irrterast ar princiga1.al�d���d3tiln to P��D�.It partial prepayme�04 tt�sectued debt aec�us for an1t reason,it wiU � .k � ""
<br /> . � ' ' nat reduca or excuse ar►y,sEt��!4d as'y�r��,nti�T�CStWred debt ls paid 1n fuR. . � �_
<br /> • 2.C.t�Trs�s A�tast 4fSi. � rto g��f+i�ig'�tti�tD��r�ts.and other c�arges attributaLte to tne proAen1►vuhen duo and�viD Qefend tiUe . �_
<br /> • .. . • . w tfee praperttit aga�nst�akwoal�'HI�B�fft'�i of tf►is C�sed of trust.Lender mayr require Boitower ta esst8�PnY�ipAtB.deims or �,.
<br /> , defenES9 whtch�orrower inay hava agaUist oar4ies who suAAhl labor cr materFals to improve or�natnta�n tRs property. .�.. ` t.` .. __.-
<br /> - � � ` g,trrausanp;Barowes vviD keep tAe propesty tnaured un0er torm9 acee�bTe to Lender at Borrower's encpense and tar Lender's henefit.M � '` °�`� �.€
<br /> ' " � ipsurartee poQe[es shai!inctudo a star►dard mo=ffiag�a da�use in favor of lenQer.Lendar will ba nemed as tasa�payae or as ths insureQ on any euch �<. -�
<br />�. . • Q�ce�ta�����d Oa�s m�o r t Y gage t n�s urda n e s,�8 n r ro r e dr��ee s m m a i n�t a t e n s u�c h f a w�e n c e t a r a s te�e 9 L e e n d�q u v d e s.��pe� -" -
<br /> - _ ... - .:._'_�.,:.-.. �`:`.
<br />� . - � -----=�`-'- ` B.�y.BoROwe+witt he�p ttsa pta�sortll�8��r�an ans!make e!!reA�s reasonabhi t+eces&arY. . , , ,_ . , . • �-
<br /> .� . . . �"=
<br /> .. . 6.E�ns�s.BGrrower a�ees to Ray 8D Lst[der's exAenses.induding reasortabta ettomeys tees,if Horrower trraaics arry�ovenanta in this deed . � . • ,
<br /> _ . of trusi ar tn any obtigahon saaued W�1s deed of trust 6orrower�Pay these amcunts to londer as providad in CovenaM 9 oi Mis QeP.d o! � . ,�,-
<br />— .c....:�_ .i ' , � UUSL � ' _
<br />� 6.Prf�S�tnbix�sb.Uniess Bartower fust o6tains Lenders wat0en eonsaM.Barrawer wII!nat make m permit enY i�anges so eny pflar ,' ; . _.,"�
<br /> s� �� , � ,,, ' secudty trsteresta.8arrower wiU pertorm all nf Borrowefs obligaUons under any Oriar mortgage;deed of Uust ar othe►set�aity e�eement, � . . .,
<br /> , , inctudng Bortowefs eovenar�to mafce p�rmmna when due. � •= '"� . "
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<br />= . . 7./ta s i�t ot R�nt�ar�PnnSts.6ortower assigro to LenQer tAe rerrts arM profite of tha property.UNess Bnranwer�d Lender have agreed ; .•.�::s.�:-4���-_-�
<br /> f ` r ' O t h B f W�B i n v u r i t i n�B o r r o w e r m a y e el f e c t and ratain the rerrts es tort g as Bo�rawer is not in detaulL It Borrower dafaufte.Lender.Lender's � , •�::�.;���
<br />� : • • . , agen4 or a eourt anpoimed receiver m�1 I tatce poss�ssion and manage the PmAenll an d co f l e c t t h e re�rt s.A ny�e n i s L e n Q e r c o U e c t s s h a f l h e �.�,.- .
<br /> �:
<br />" • a y p t t e d H r s t t o t h s c o s t s o f m an a t h a p Y O p e R y indud'm�eourt coots and attomeys'tees,commissions to�erttal agertts.and a1ry other ,:a'�_�s.�"�_,-
<br />-= naeessary reiated ex�ensas.The r�ng amow�t of rerim v+nll than aDDh►to Paymert�on tne securea debt as pro v iQed in C o v anant 1. �.°
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<br />- � < 8.l.s�s�ds•CondomTr�kua:;�Unit Osv�tc�nurtb;$orrower a�s es to eampty wkh the Pravtsions ot any k+ase if this daed of trust is on � �r.w.sy,s�<a
<br /> - � a teasehoid.I�thts deed ot Wst is on a unit in a cwndammium or a pianned unit aavetopmem,Borrower wiil{serfam+afl o!Bonower8 dutiea ��- _�-�—
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<br /> - � � under tha wvenart�,hV-Iaws.or regulatlons of the eandominium ar gtanned unit devetopme�. �z f� �
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<br />- • - . 9.Aulfiar i t y of LmQrr m P��fatn�tar Bcrrowar.ff Borrower fai7s ta_per[orm airy of Horrowor's dudes weGer this deed of trus4 tender may �u;;:--- --
<br /> � �� perform the dut3as or cause tt�em to he psrformed.Lander may sign eanowers name arpay any amwmt if necessary ta�performance.if amr ��
<br />-s•. . . • eonstructton on the property is d'�scorrtinued or not casried on in a�asonable manner,lendzr may do whatavar is necossary to protect Leeds►'s �'�""
<br />- ' ' sec�nitlF itmrest in t�e properq►.This may irtclude comptetin9 the conswaion. ���'✓" ---
<br /> ':,. _ ` :` . ' .-� - � Lender- --- -.._ _._... .__ _. .. . .. _ _. ... . . .. .......-- - - � - ----- --- - - - .... .__. ....----� - - - - -------
<br /> s faBure to peAorm wA)not predude Len�er trom exerdsing eriy of its ather rights u�-sder the law or tlils deed of trust. ; �
<br /> j � . ' ' Anv amounts petA by lsnder to pmtect Lende{s seaaity iaierest wiil 6e sec�ued fsy�tis deed of trust.SucA amourtts wID 6e dus an demand �; __
<br /> and w[D trear interest irom the date ot the paymerrt umii paid in tutl at tha iMerest rate m effect an ths seeured dabt
<br /> . � �T"..'._
<br /> . ..' . 10. D�fas"t and A�aBan.Ii Bonower faiLs m mak�arry Paymertt when due or breaks arry eovenartts unde►this deed of tt�t or any E'�.�-
<br /> � � • - o6ifgation secured by thls deed of trust ar any pria moRgege os deed af.trust.-Lender may acceterato the manuity of the secure3 de6t an0 �-�•�
<br /> .. ;� . . � demand immediate paymert and may imroke the power of sate and arry other remedies��mitte0 d}�appiicabte taw. �°
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<br /> ..`.i:�:� "' � 11.Re�est tar Noflee of Dsfs�di.It is here6y requested that ecples of 4he notices of def�dt and eeie be serR to each person wha Is a party ' � r��'
<br />_._ • � ' hereto,at the adQress of each such person,as set forth h�ein. �;°
<br /> ' �' � f2.Power of Sat�.N tfie Lender invokes ERe power ot sate,the Trustee sfia0 fust record in the offlee af the register af deeds a��i+county, -�-z
<br /> ' � ''' auherein the uust property or some part�parcel thereof is skuated a notice of defauk comaintng�the informaUon raquUed by Iaw.The tastee •�y;
<br /> ' '•�;•,��;:• .and to othv petaons as d
<br />- � ''' .f . ahatl also mail capiea af the noUce of de�utt to the Bortawer,to each person who is a party heret� p�� til►
<br />-' � • appfiqbte taw.Nat less than one mortth after the TnLStee�ucord�the notiae of def�t,or two momhs if the tnwt propertY�s=:at in any • •
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<br /> ineorporeted city or v(nage�d Is used in farming operatar�s aarriod on by the wstar,�Trustee shell giva publtc n�.e of safn ts the persons
<br /> , � � and in the manner prescn�d by apppitcable Inw.Trus�,�,without demand on Borrov�sha0 seU the proQerty at patifc auct�n t�the higtiest :�
<br /> _ • btCder.If required by the Farm Homestead Protectlon Ac'�Trustee sha:l affer the pro,�y in two separate saTes es requited by apg�iCahla taw. �,;_�•
<br />� � Trustee may postpane sate ot all or any parcet oi th�proyerry by pubtic�nouneemettit et the Uma and ptaca ot arry ptevlousty sct�ad sate.
<br /> ,.-�, - . , t e n 4 e r o r i t s d e.s t g n e e m a y piucfiase the p r o pe.r i y at an y sala. . �r:_
<br /> ;� t*+�-,
<br /> _ • ��'i' Upon rer,e�pt of payment of the price bid,Trustee shall deliver to the pur�sor Trustee's deed wnveyin9the propeRy.Tha recitIaTs Wr�ined in
<br /> � • Trustee's desd sha11 be�rc�+a tacie evtdience of the uuth of the atatemerKS coMained t�erein.Trustee sha11 appty the praueds af the s�le in the �'.�r
<br /> - totlowing erQe►: [a)to �:C expensos oi the sa1e, inctuding, but not Itmited to, reasonable Trustee's teea, reasonahte ettortseyfa fees and
<br /> � • reinstaieme�fees;lb)to a.l sums secured by this deed of trust,and(c)ths baiance,,if eny,to the peraons Iegaity erftIt(ed to�ecetva it.
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<br />� � 13.Fandosun.At Lenders opUon,this deed of wst may be foreciosed in tha manner provlde by epD�cable law for torectosure of mortgages -- =v
<br /> . . , on real ptoperty. . .
<br />-�. � � 7 4.M s�g o n.L e n Q e r m a y e n t e r t h e y r a l�e r t y t o i t i s p e c t i t ff L e n d e r g l v e a B o r r o w e r n o t i c e betorehanA.The noUca must state the reasonaGte �:�=��'
<br /> -_ , . cause af r Lender's tnspeetion. �=
<br />_ __ � 16.ConQ�nu�a9on•Bonower assl�n s m Lender the proceeds of.any awarA or ciaim tor damages cannected with a eonQemnation or other taking {,;,��
<br /> � of eU or any part of the preeertY•Such proceads will be appiled as provided In Coven�t 4.This assignmerrt ia subjeet to tfia torms of amr prior �r '"�'W'�
<br />- . � ' securitYageemont. � °.a�''`
<br /> �•-��.z�—_
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<br /> Y � 18.W�imr.81I exercising arry remedy availabte to Lender,lender does nct give up arry rights to Ister use asry other remedy.By rtat ezercising • " `f�.°__.-°�= �
<br />-�,..,• . • � • ' a�ry rame�,�upon Borrower's defauit,LenGo�Qoes not watve am/right ta Ic�.�r consider the eveM a dofauit if i!haypen9 agaln. � '�`ti�-
<br /> y~ � 17.JoTnt �nd S�vHat Ll Co-s1��n;Suec�s�nrs aiM AsstIIn� BaunO. AU duties undar this Qaed of trust are Joint and several. Arry ��• �°T.�''`
<br /> � � Bonower•vrho co-sipns thts eed of Vust but doas not co-slgn the urtE�ng Qebt insVumont(s) doee so onty to grant and corney Shat � �
<br />_�;,�. .. . Borrower's iMerest i�the proDeriy to the Tn�atee urtder the tertns ot this Qeed of ttust.In aQdiBon,sucf�a Sorrower agrees that the Lender en0 ' �~;����`�
<br /> any other Banowor under this Ceed of trust may extend,madifv or make arry othor ehangas in the terma o!th(a Qeed of trust ar the secured - ,
<br /> _,.�.';, . • . Qebt withaN thai Barrower's conserK and vJithout reteasing that Bonower irom tfie tertns of thia deed aP trust. . �
<br /> ;�!� T
<br /> � Tho dWesand benofita o!thia deed of truc�t shatl bind and beneflt the auccessors and essigns of Lertdar end Borrower. ' '
<br /> . , :.�,' �
<br /> � �� 18.Notlee.Untess otherwlsa reQulred by Iaw,any notice to Barrower sha116e given by detivering it ar by mafling it by cortifled mail addressed to ' ' -
<br />- � � Bonower at the proDarty aGQrosa ot any�othar adQresa thet Bonower haa given to Lender.Borrower will give arry notice to lertder bv certifled � ��a
<br /> " •' r � mail to lender's aQdress on pege 1 of thls Ceed o}truaL or W an}r other adfress wAicfi LenQer he9 desipnated.Any other noUce to le�tder sAail - �
<br />�' � � be sert m LenGofa address es stel�ed on paga 1 ot thls Qeed oi uust. � : �� :� �
<br /> ,.� - . .
<br />-- , • . Any notiao ahell be daemed to have been given to Barrowar or Londar vrhen given in tho manner stated 86ove. • •
<br /> � �� � 19.Tn�fw o!1t�Prup�rts►m s B�n�flc�0 trrtmst tn tt�Bmraw►u•U all or Stry part of th0 ptopertv m erry trrterest in it is sotd or transterred �
<br /> - ' wcthout Len6ePs prior written wnssnt tonder may Qem�d immediats paymertt of tAs socured deDt. LerMet may eiso demand immedlate
<br />--. • demend pay ieoM n���ovo sttut►dl�if rt is prohibiate0 by faderaf iaw ss oi�no e�o oi i iis aeeato in,s��e�n�Hovorever, Lender may not � . � • • �
<br />_,,. �,. .,' . � 20.R�s.Whfln the obligaUon secured by ttils deed o!trust has been pa1d,artd LenQer has no fiuther oDGgaUon to make aawances [ _
<br /> � � � . undar tho insuumems or agreemeMS seeurad by thts Qead of ttust,Ute Ttustee shall,upon written request 6Y the Lender,recomroy tho trust ;
<br /> - , . proyerty. tha LonQet shatt detiver to tho Borrouver,or to Bonouuer's successor in interest,the uust Qeed and the note ar other ovidenoe ot the ` � .�``
<br /> --- ' � oE1�gaUon so GaUst7o0.Bortowor shall pay erry reeordailon casts.
<br /> 4- . .
<br /> ��• • � - 21.6ueeu=ar Trucne. Lendet, et �vnQer's optlan, may removs Trustee end eppoint a successor trustoe by fust, mailing a coAV of the � �
<br /> • � substitution of trustee es�aQuited by aDDU���e law,and tlfet►,bV fiiin�tho suDstitut}on of trustse for reswd in tha otfice of the�epistw of dnads � � • •
<br /> ;.� ,,• ,, , ., of each cCUrtty In whiCh the Vust p►oDerty.ot som0 Dart Maraof,i9 crtuatod.TRo suc�assor trustno,withaui canveyan�a of the propcny,shall ,
<br /> . sueeeo0 to aIl the povier.duNes,autf�ority and tltto of ffio Trustee named in tho dae0 oi trust and of any sueeessar uustee. ° . •
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