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<br /> , COYENAHYS L 5 � � � � `�,n,'Y `. • --
<br /> � ,`. - `,-� 1. Payrt�b. Bonower egraes to maka ell�a Ymattte on tha secured debt when Quo. UNoss Borro�var end Lender a�ea otAmwi�b, amr. . - . ` _� :� --
<br /> �'F • payme�LenQer reeelvea trom @ortowec or iat 6o�rowat'e 4enatlt wtil0e appited first to nnV amttunta Baxower oKree on it�a eecurcd daDt
<br /> . e x e N s i v a a f t r rt e r e s t o t Ori n e f 9af:aarArtd to InteresL 8nd thdn ta pdndpai.(!QaRlai prepaymcnt ot thn saaued dobt occura fot erry reasan,it wiU �� �.
<br /> � rtot raduea or exeuse any seheQuted payrnent untfl the eecur e d Qe b t t�p�i d in t u t l. -'
<br /> � � � � 2.iXa's�w AQatmt?ICt.Bot►awsr witl pay ail�taxea,aasessmet►ts.ei►d otha►eha(gos attributabte w 4he pmpertY�vhen duo and wtll dafend tlUe ' , ; ��
<br /> ." to the proDarty e�sinat er►y elalms whEch woutd impair tho Iten of tt�.ts deed of bust.Leader may requhe Banowar!o asstgn any rigN�,ctttm3 or � • «.
<br /> � � ' Qetensea which Hor►ower may have e8ainst paKie9 who suypty ta9ot ot materiate to imyrove of ineintain the pYOp�rty. . ,- � � �
<br /> ` � � 3.truutueao.Bmrawar wiU keep the�reperiy insured undar tertns aceoptaD�o to Lendar et Bartower's expense and for f.ender's bennfrt.AR ' '
<br /> � � insurence poiictes�shafl inct¢de e stendArd mortg8gepdeuse in fawr o!Lender.Londet will ba named as(osa pHyee or as tt�a insured on any such , . .`��'
<br /> � ' , o�i t�o t h e s e�e i u e d d e b tt if I�.e n d r 8 �G v U e s moa r ga888insiu�t�enee.Bo o ei e g r es to mai�in sueti insu�rati�iCe tar as foeng es LendB�i re4uires�apeM . � . " . -
<br />. - . .',' - ' 4.Frapaty.8arrower will kaep tho Rroperty in good condiUon and make eH repairs ronsonably�aceseary- � �. � . n '
<br /> - - 6.Eu�ni�s.Barrowe�ag oea to pal►a0l.end¢rs expnnses,indud'r.tg roasanabte ettomeys'tees,i!8orrov�et breafis any tovanarsis ia thts dsed � —`-, ��
<br /> '� � � ot trust ar in eny obfigatioon sscurad 6y this deed of truat Bortower wiil pay thesa amounte to Lender ea provided in Covenant 9 of tt+is dead af �. :,' ' � ;� ,�.
<br /> , trust. � � • '
<br /> . " , ' sse�uritysirrt�e s.�6ono�wer�wle[I paztami�ali�Bobrro ers o°nga�ons�imd��eny pno�m R9 ae,°a�sa of°wgi a oU�iei�cue'Me9y egr�merrt , . : .
<br /> ,;_ . _ � • � tnctuding Bortower's covenants to maks psymerts when due. -.. ,
<br /> � � • 7.Atti�t�n�c�t ot Rxrts and ProBb.Bmrower asstgns to Lender the rents and profits of the property.Untess Borrower and Lender have agreed , ,
<br /> ' ..' otherwfsa in writin9,Borrovrer may coftect and reta[n the rert�as tong as Bortower fs aat(n detauh.H Bortower detautts.Lende�.Lender's E . ,
<br /> �; • • • � �agert4 or a eauct appofttted�eeeiver may take passeasion and managa the property and eotleet the rerns.Any rer�w Lendet eotieeta she11 hs { , •�
<br /> ,�.. :. apyGed first to the coste ot managirtg tne proyerty, Includi'ng�urt D���sr�n Utiee se vred detit�as provided in Cov�enam teny other P ' .
<br /> � � necassary retated expensea.Tha rema�Nng amnuat of rems wiU k • - .
<br /> . • ` • 8.leuN�gs•Ca�am�[u�:planned UNt Qnrdoptt�trts.Bcvowar agreea to compty with ffie pmvislons of a�y loase if this deed of uust is on E� . ••
<br /> e Isasefiold.if this dead of trust is on a unit in a condomini�un or a pianned unit davetopmer►t,Borrower witl p¢rtortn all of Borrowers duties f , . . , .
<br /> � � � � ' ' under the cove�ar�.tsY-laws�or regutations of tne condominium or p!anned unit dCVeiopmeM. , ; � •
<br /> ` • • g,pug�ority o!Llnder to partotcn toe Borrower.if Sonower fai►s to perfarm ar►y of Bonowe�s duties under thia deed ot trust, Lender may ; '
<br /> - � perfanr►thg dudes or puss them to Oe Pertormed.LerMer may sign Bortowar's oame ar pay anY amaurt if necessary tor perEormance:If arry � , •,.�
<br /> eonstrucNon on the property is discorrtinued or not canied on in a reasona6te mam►er,Lender may do whataver is neeessary to protect Lender's � .
<br /> � • seauiYy irterest in tha D�aDortll•This m�Y includa comptating the eonsuuctlon. � � • • �� .
<br /> ':_r ���T�__-- . � . ...__�ndeY.s fa3iwe.Da-0ertorm valllnot p[aCfttd.8 Lpnder irom exerasing eny of its other rtghts undet tfie taw o►this deed of Vust. � ` • • _ __
<br /> .D � , :
<br /> ` V . , ��d wi11 bear t t er�t fr�am tt�e da�of th paymem Oun�U'1 pald in�t�uil a�t�the i tn er�estdra e n�effecetdon the s c�ed dembt�.unts wiil 6e due on demand � , . . ,
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<br /> 1b.Oefa�t m►d Aaeteratton. If Bonawer fails to make any payment when due or breaks any covenants unde►this deed of uust or any ' � ' ,`,f-�:-;
<br /> "' ' � a6ligeUon seuued by this deed of trust or any pdor mortgage or deed of lrust,Lender may acceierate the maturity of the secured debt and f . � , �-=
<br /> �: ._ ' ` demand immed�ate paymerri and may irnbke the power of sate and any other remedios ps►mitted bY appiicable taw. i : .�- -r s,. .
<br /> ` , 71.R�quest for NoBco ot Catwft.It is hereby requested that copies of the noUces ot deiauR and sale be seM to each person who is a party ; � . . i
<br /> '� • hereto,at the address ot eacfi such person,as set forth herein. • , , � i
<br /> � � �• 12,powi+e4 Sele.lt the Lender inwkes the power of sate,the Trustee shall first record in the office of the register of Qeeds of each county � , •
<br /> � � � wherein ths trust propertY or some part or parcel thereof is situated a notice of detautt ca�rtaining the informaUon required by taw.The Trustee : . , . :
<br /> ' � �• ' ahatl afso mail eopies of the notice oi default to the Barrower,to each parson who ia a partlr hereto,and to other persons as prescri6ed by ; . . •
<br /> • � appticable law.P2ot less tfian one month after the Trustee records the notice of defautt or two maMhs if the uust property is not in any � � '
<br /> � ineorpatated city or viilage and is used in farming operaUons carried on by the trustor,the frustes shatl give pubiic notice of sate to the persona � , �
<br /> ' and in the mannar Dresaibed bV�aDDplicabte law.7rustee,without demand on Bortower,shaii seil the propeRy et pubtic auction to the highest i ;%, ,�.!
<br /> ° 6Idder.if required by the Farm HomasTead Ptotecdon Act,Trustee shatl offer the property in two separate sates as required by applicable law. � :�;
<br /> ' :. .. Truatee rpay postpone sate of all or any C.-�ei af the ProAerty by pubfic announcement et the time��t ptaca of any previousty scheduted sate. c .�..i �
<br /> •. Lender ar its designee may putchase Me praperty et arry sate. :
<br /> � ' Upon recatpt ot paymer►t of thB pdce bid,Trustee shatl detiver w the purcfiaser Trustee's deed cornepng the property.The recitials wntalneA in � � • ';�
<br /> ' Trustea's deed shall be prlma facie evid"�ence of ffie truth of the stetementa contained therein.Trustea shall app►y the proceeda of the sate In the • �
<br /> ' ' t o Q o w i n g order. (a)to atl e x penses of the sate, incfuding, but not limited to, reasonable Trustee's fees, reasonabte attorney's fees and � • � +
<br /> � reinstatemerrt feos;(b)to ati sums securee by this deed of t�ust,and tc)the batanee,if arry,to the parsons legalty entitted to reee tve it. � . ",'�
<br /> � � 13.Fawetosur�.At Lender's option,thia deed ot trust may be foreetosed in the manner provlda by applicable taw tor forectosure of mortgages � • ; '��
<br /> l. `• on reat property. ; '' ,
<br /> . t . 9.�.
<br /> � 74.tnsp�edan.LenOer may enter the property to insDect it if lender gives Bortower notice beforehand.The notice must state the reasonable j �
<br /> � cause fot Lender's InspecUon. �
<br /> ° i6.Cand�rtwntion.Borto�ver assigns to Lender the proceeds of any award or elaim tor dama9es connected witt►a condemnation or other taking � � '
<br /> � �� of all or eny pa�t of the ptoperty.5uch proceeds wili be appiled as proviQeA in Covenant 1.This assignment is subject to the tarms o}any prior 1
<br /> - ' . security ag�esment. � ``
<br /> ;+ 18.Wahm.By exerelsing erry�emedv evailabie to lenQer,LenQer dooa not give up any dghts to latet use any other remedy.By not exercising r. � - : •�_ �
<br /> ' any remedy upon Bonawer's Qefault,Lender daea not waive any right to later consider the evertt a datautt i}it happens again. � �
<br /> �-',� . . 77.JWrR�nd Sev�rd U�• Co-ai��rs; Sucessaan end Aantgns BounQ. AII duties under thta deed ot vust ere joint and several. Any � �
<br /> ,;, Borrower who co-slgns this eed of trust but does o04 co-sign the underty1ng debt instrumentfs) does so anty to grant and eonvey that !
<br /> � Borrowers interest in the pmperty to the Trustee undar the terms of thla deed oftrust.In edAition,sucn a 6ortower agrees that the lender and .
<br /> arry other Horcower und9t thls deed of trust may extend,modi�or make any other changes in the tertns of this Qeed o}trusi or Cae secured
<br /> . � debt v�khout that 8onower's consenf and withaut releasing that orrowes from the terms of thia deed of trust. �
<br /> t. The duUea and benefits ot thia deed of trust shali bind and benaflt+Qie successors and assigns of Lender end Bortower. '
<br /> � ' � ' �' � 18.HoUc�.UNesa otherwtss required by law,any notice to Bor�ower sAall be given by tfetivering ft or by maiiing it by certifled meil eQdteesed to '
<br /> `� �� ' Borrower at the propercy addtess or any other edd►eus that Borrower has g�ti�en to lender.gorrower wiil give any noUce to Lendar by certifted � . ..
<br /> f � . mail to Lender's adQrosa on paga 1 of thls deed ot trust,or to any other aQE:ess which Lender hes designated.Any other notica to LenQor shall ;
<br /> . � be sertt to Lender's eddress ea sVned on page 1 of this deed of trus� .
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<br /> • Any noUce shall bo deemed to have been given to Boaower or Lender whan given tn the manner stated abova. ;
<br /> 19.Tranota M th�Prop�tyt or�Bm�flctal Uiterest In tfu Barrowar.If stl or any paR of the properri or any interest in it ia sold or transferred ��
<br /> �� withaut LendeYs prior wr,iiten conseM. Lsndar may Qemand immediate payment of the securad dobt. Lendo► may also demand immediate �
<br /> �� � paymont if the Borrower�s not a nr,tural person and a beneticiaf traerost in the Botrowar ia soid or Vansierred.Howaver, Lender may not �
<br /> ' � � demand paymeM tn tha e6ove situaUons tf 1t is prahibited by tederal taw es of tho date of thia Qoed of Vust. �
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<br /> ��, � 20.Raconvsyuus When tha ohfigation secured by this deed of trust has been pald and Lender has no funher obligaUon to make advances ;
<br /> under the instrumortta or agreements secured by thla daed of Vust,tho 7rustao�haif,upon written request by the Lender,�econvey the trust
<br /> � ' � proCerty.The Lender shali deiiver to the Borrower,or to Burrower's succossor in interest,the Uust dead and the note or other evidence of the
<br /> obligaUon so eatiafled.Borrower shal�pay any recordaUcn casta.
<br /> � 21. Succ�ssor Tnistee. Lendor, at Lender'e opUon,may romove Trustee end eppoiM a suceassor uustes by first, mafling a copy of the • •
<br /> ` � � � . � � substttution of Vustee as required by appi(caD(e iaw,and then,by�ling the subsUtution o!vustee for record in the offico of the register o1 deeds : :
<br /> • af e�ch courtN in which the uust property,ar some Dart thereof,is sftuatod.The successo�Vuetee,without conveyanca of the property,shali
<br /> �' • � .. � succeed to all the power,duties,authority andtitle oithe Truatee named in the deod o}trust 8nd of eny suCCessar trustee.
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<br /> .��.�i .. . BANKEitS SYSTEMS,INt,ST.CIbUD,!AN 68307 p•80039�•334fl iORM OCP-NIT6NE 8119/91
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