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COVENANTS 200412369
<br />1. Payments. Bormwa agrees to make all payments on the seared debt when due. Unless Bomwer and Lmdtt agree otherwise, any paymens larder receives from
<br />Borrower or for Borrower's benefit will be applied Gait In any amounts Bummer owes on the secured debt exclusive of interest or pindpal, second to interest, and then to
<br />principal, Ifpartial prepayment ofthe secured debt ocean for any reason, it will not deduceerr excuse any scheduled papnrnt deed the named! debt is paid in full.
<br />2. Claims Against Title. Borrower will pay all term, asacssments, and other clangor condonable to the property when due and will defend title b the property against
<br />any claims which would impair tine lien of this deed of [ruse Lender may require Borrower an assign any rights, claims or ddenss which Borrower may have against
<br />polies who supply labor or materials to improve or maintain the property.
<br />1 Insurance. Borrower will keep the proper, framed under terns acceptable to finder at Bmmwa's expense and for Under's benefit All Insurance policies shall
<br />include a standard mortgage clause in favor of Lender. Lender will be named as loss payu Or as the insured °na,sueh If Under ,,rely MY
<br />rtga &e insurance, Bormwen a, an fic
<br />applied, within Lender's disedemear, to either the deslormiod or repair of the damaged property
<br />agars to mainain such insurance for o long as Lender outlines,
<br />4. Properly. Rmmwtt will keep the PMPety in good condition and make all repairs reasonably necessary .
<br />S. Expense. Borrower agree to pay ell Lender's expenses, including reasonable anomrys' fees, if Bloomer brooks any covenants in this dead of trust or in any
<br />obligation secured by this dart dbusr. Borrower will pay these amounts m Lender as provided in Covenant 9 of this deed ofBmn.
<br />6. Prior Security Interests, Unless Bormwar Rost obtains lender's written contest, Botower will not make or permit any changes to any prior security imerees.
<br />Borrower will perform all of Bonower'x obligations under any prior midget, deed ofbusl Or other smanty, ano me u, including Borrower's covenens to make payments
<br />when due.
<br />7. Aellip mend of Reas end Profits. Borrower assigns to Lender Bm rends and profits of the property. Unless Bnnowtt and Lender have agrced otherwise in wrung,
<br />Rnnowtt may collect and Mein the ream as long as Borrower is not in default. If Borrower definite, Lender, Lenders agent, or a court appointed raeiva may rake
<br />possssion and manage the properly end collect the erns. My reds Lend. collects shall be applied first m the coats of managing the preperty, including coon wars and
<br />anomrys' been. commireioon to renal gem, and any other de scary related expenses. The remaining amount of rears will then apply to payments on the surd debt az
<br />pmvlded in Co,n ram I.
<br />S. Leueholds; Condominiums; Planned Unit Development, Borrower agrees to comply wish the pmrrower of any lease if ties dad aft bt Saws for de ollatiane of
<br />dud of that is on a unit in a condominium or a pleaded unit development, Borrower will perform all of Bnrtower's duties under the cpvrnenls, y gu
<br />the condominium or pleaded unit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails in perform, any of Bmmwer'a duties under this deed of bus[, [ender may prg bu the duties or
<br />use them to be performed . Lender may sign Borrower's name or pay any amount if necessary for performance If any construction on [he plenary is diaeontinud or not
<br />cannel on in a reasonable manna, sander may do whatever is rimessary to Former larder's security interest in the property This may include completing the construction.
<br />Lender's failure to perform will not preclude Underhand excmiaing any of its other rights under the dew ur this dad of test.
<br />Any amounts paid by Lender hi p rtecl [snder's security interest will be seoamd by this dud of text Such amours will he due on demand and will bear interest floor the
<br />date of the payment until paid in full at the interest rate in effort on the secure debt,
<br />10. Defsultend Accelent Ion. If Borrower fails to make, any payment wben dueorbreaks any coveruns undo Nisded oftmstarany obligation sccutdby this dad of
<br />must or any prior mortgage or deed of bust, bender may accelerate the maturity of the secured debt and dernand immediate payment and may invoke the power of sale and
<br />any other remedies permhd by applicable law,
<br />11. Request for Nol4e of Default his hereby raluested that copies of the notics of default and sale be serial each person who is ape
<br />rry hereto, at Nc address -f Inch
<br />such person, as sec forth herein.
<br />12. Power of See. If the Lender invokes the power of sale, the Trustee shall first rood in the office of the register of deeds of Inch county wherein the tryst property or
<br />same pan or parcel Namf is situated a notice oC defauh con the influential doid d by law. The Toaster, shall also mail copies of the notice of default W the
<br />Borrower, to Inch person who is a petty hereto, and to other pension as prscribd by applicable law, Not less than one month after the Trustee roods the notice ofdefiult,
<br />or ton months if the test property n not in any incorporated city or village and is used in farming eremitical; canned on by �storile Trustee shall give public notice of
<br />sale to the persona and in the manner presented by applicable law, Thstu, without demand on Removal, shall sell the a at public auction to the highest bidder If
<br />required by the Farm HOmateed Protection Act, Trustee shall Offer the property in two separate sale, as retained by applicable law, Testa may postpone sale of all or any
<br />pelmet afthe property by public announcement at the time and place of any previously scheduled sale. Lcndaorisdaigreemaypumhase the pmperry at any sale.
<br />Upon mocipt of payment of the price bid, Treat. shall deliver to the purchaser Tratee's deed conveying the property. The dwdtirls cnntaincd in Tranne's deed shall be
<br />points facie evidicnce, of the Bath of the Im mens contained therein, Trustee shall apply the proceeds of the sale in the following odes (a) to all supersonics of the sale,
<br />including, but not limited m, reasonable Troatce's fees, reasonable mehey's fees and reinstatement fees; (b) to all some secured by this deed of east, and (c) not balance if
<br />any, to the persons legally could to receive i[.
<br />13. Foreclosure. At bendy's option, this deed ofwatany be foreclosed in the mature, provided by applicable law for failed are of m -rgages on rcalproperty
<br />14. inspection. Lender may enter ere property to inspeer it if Lends give Burrower notice beforehand. The notice must state the reasonable cause for dander's
<br />Inapmtion.
<br />15. Condemnation, Borrows assigns to Lender the proceeds of any award -r claim for damages connected with a con lmortirm or other taking of all or any pan of the
<br />monitory. Such proceeds will bcapplid asprovided in Covenantl. This asignmem ix xubjed to the teens -f any pnorsaunty agreement.
<br />16. Waiver. By exercising any comedy available m lender, Lender dos not give up any rights to later use any other aoredy. By not cx.uising any reedy, upon
<br />Borrower's default, fender dos not waive any tight to later eormider the event a default Fit happces again.
<br />17. Joint and Several Liability; Co-signers; Successors and Assign Board. All duties under this dad of trust do,cat and several. Any Borrower who co -signs this
<br />deed of treat but does not co-sign the underlying debt insmmments(s) does in only to grant and convey that B000wer s intehrt in the property to the Trustee under die term
<br />Of this dad of mast in addition, such a Bmmwer Lines that the Lender and any other Borrower under this deed of east ius, extend, modify ..... ke any other change m
<br />the terms of On, deed Of trust Or the seceded debt without that ROtower's consent and without deleasing that Borrow. from the terms of this deed of trust,
<br />The duties and benefits of this deed of east shall bind and benefit the sa erect s and assigns of Lender and Borrower.
<br />IS. Nance, thing otherwise occurred by law, any notice to Bmmwa shall he given by mlivann, it or by mailing it by cenified mail addressed to B page er at the
<br />property address Or any other address that Borrower bas given to Lendem Borrower will give any notice to Under by cc nfied mail m tender s address an I of this
<br />deed aimed, orto any Other address, which I<rda has dsignatod Any Other notice to Lerida shall be sent to raiders address as stated on page 1 offer; deed of mast.
<br />Any notice shall be deemed to have been given to Burrower or lender when given in the manner staid above,
<br />19. Transfer of the Property or a Benefield Interest In the Borrower. If all or any part of [he property Or any hunt in it is sold Or harreferted without the lends'.,
<br />prior written consent, Linder may demand immediate payment of the scoured debt Lender may also demand immediate payment ifthe Borrower is not a natural person are
<br />a beneficial intenat in the Borrower is sold nr tmnsfared_ However, Under may not demand payment in the above situations if it is prohibited by federal law as ofthe date
<br />of this deed ofoust.
<br />20. Remnveyance. When the obligation secured by this deed of toot has been paid, and holler his no Bust property. bhgeBTbe fends shall deliver erthe instruments to
<br />agreements secured by this deed of east, the Trust. shall, upon written roauesl by the Lender, reconvey
<br />Borrower a succas-r in interest, the bust deed and the note or other evidence ofthe obligation so satisfied. Burrower shall pay any necodntlon costs.
<br />21. Successor Trustee. fender, at Lender's Doti -, may remove l'rvnu and appoint a successor trustee by first, roiling a copy of the substitution oftruttee as required
<br />by applicable law, and then, by filing the substitution of bustae for mend, in the nffce of the register of dads of each county in which the must notarial or some pan
<br />thereof, is simated, The auce" m tronu, without conveyance Ofee property, shall succeed to all the proven, dues, authority and title of the Trustee nand in the decd a of
<br />�east and of any succeor trustee.
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