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<br /> :f t � , . 1.Psymerts. Borcower� m�Ke ail paymerts on tl�e secursd dsffi vifiee dua. Untess Borrower anA Ler►der agreB othtuwise, enY + , r
<br /> _ payma�_Lertdar roceivea frorr�Borrnwer ur for BorroweYs benafrt wtll�a appTed ftrst to m�t emowns Bartotiver owea on tha seaued dabs � , t � "
<br /> - �-� ' . �'..,- ' �ot er�o��6%C ire�6C�dUScd p ment u�Mil tha se�erf daht���aTd tin fu�Il. �D�errt at dea seaued debt occure fo�ar�reasan,it wiit 1� , ,
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<br /> 2.GaTma Agdnst TNle.Borrower will pay e11 tmce�s.assessments,ar►d other d►ar6es at�utebla t0 the propertY when due and w,�t dsfend tit!e
<br /> t� . , - � to the ptopa�a�ainst atty e[atms v�htcN wau3d Im�air the Ren oi thts deod of trusr.lender may require Bortowar to assign arry�,daims q: . . .. :
<br /> , .�,. , . dsfensea wNe orrower may hava against pzrNes whc supply lahor ar materials to improve or maima3n tha propeny.
<br /> � . ' } 3.(nsurone�.Borrowsr wiD keep tAe ptoperty In�ured under terms aeeeptabTe to Lender at Batrawefs oxpense and tar Lende�s 6enefit.AU � . , � �
<br /> . insuranao policies shaU InciuCe a stanQ�d mortaago ctause in fawr ot Lender.Lender wil!be namad as loss payee or as the insured on any such < , � . •
<br /> " � ins�traneo poficy:Any insutanea proceeds mSy 6e a�pfied,wrthin Lendars disaetian,to either tha.restoration or repa'v ot the damaged proporty .
<br /> �..'; , or to ttta sac�ued da6t(4 LenQer reQn(:es mortgage tns�uensa.Borrower a�ass to rt�ainrein sud�tnsiusnce tor as tong es Lendar requUes. • � . ..
<br /> - � �� q,pr�rty Borrowar wilt Icdep the propertyt in 8oad condidon�and make a0 repaJrs reasonahty necessary. , �o .. �
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<br /> T:•��.._' � S.F.r�as.Bortower agreas tn p�rail Lendefs expensss,tndudeng reasonaEta attomays'fees,ff Bortowar breaks any eovenarrts in tNs deed ,.
<br />-�. � --_, ,�-�- of vust or in any ctsflgauotr�uy tfils dee8 of vust.Bonovier rnrii!pay tt►ssa ainora�u ta Lertdcx as prosri�d in Cavenan!9 0!lAis Qesd of .-�----- -- -
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<br /> `� � 6.Pria S�aafty UtUnsU.Unless Borrower first obtains Lendera wr'stten eonset►t,Bortower wi0 nat make ot permh arty changes to atry priar • •
<br /> ... �:1� .. ' , , _ see�uiry ir�tests.@artovrer witl per(orm afl af 8arrower's ob6gatians under any prior mortgage,deed of trust or other security agreemem. _ t,� _ _ .
<br /> ��•--. -_ , - . inctu�'ing Bartovrei's eovenat�is to make paymsms whert due.
<br />-. .� T As�i�rur�rtt af Ra�ts artd Pto£b.Borrower assi3ns to Lender the rerns and profits of tfie property.Untess Borrower end Lender have agreed . . .-�-'-4 ; - - -
<br /> � ��• ' • oth s in wriUng.Bortawec may cotlect and ratain ths reMS as loag as Borrawer is not in defauit.if Burrower defa�dts.Lender. lenders � .
<br /> • agern.ar a cowt appoi�rced receiver�naY take possession and manege ffia praperty and caRect tha rems.Any rer�Lendee eoltects sha11 be '
<br /> ,i'. ` epPUed first to tRe costs of managing the properiy,inctuding court costs ared attomey�fees,wmmissinns eo rernal ager�, and amr mtier -
<br /> . � � ' : neoessary mtated exqes�ses.7he remalning amount of re�s un'll then apply to paymertts on the seaued deLt as pravided in Ccwenartt t. , ,
<br /> ; �.:�`. , � 8.taa:ahoMa:ConQomir�m+a:Pia�ead Ur�it Reva[oPn►mt�.Borrower agrees to comD{y with the provisions of any lease if tttis daed of trust is on �, , ,
<br /> < e t e a s e h o f d.l f t h t s d�e d o f tr u s t i s o n a u r s i t i n a c o n d a m i rt i u m a t a p t a a n e d u n i t d e v e l o p m e m.B a ro w e t w 0 1 1 pe r f ortn a7 of Borrower's duti� � .. _,_ _...
<br /> � ,-', , , undar ths covenartts.bY-lawa.or reg�tatIons of the condominium cr Flanncd cnit d3valopmerst. , . �
<br /> � �� , ' g,{�utfimity of L�stdK to p�r[orm for Barrawa.If BoRnwer faifs to ertorm acry o!Bortower's duties under thts deed af trust, LenQer may �� .
<br /> . '� � pertorm ttea duties ar puse them to 5a pettotmed.Le�er may sign�rnrower's name or pay arry amoum if necessary for performance.lf any . � �
<br /> _ ` ' '' � ca�ntruction on tl!e aroaertv is discominued oe not carried on in a reasonabte manner,lender may do wh..-�c�is aecessary to prQtect lenders ,
<br /> t�. : � ' . set�uit!►itrterest in tfie property.TNs may tnefude comptetmg ttre constru�tior+. . , . , .
<br /> " �_„�._•;_=__ � ._'� Lende�s faTure tc perfoan vnll not Dreotude Lender from exerefsing arry of its other rfghis wMer the Iaw or Uils deed of trust. , . .
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<br /> A�amaunts pa�dbyTend'ei�o WtafecYLend�s��ei�irity i�re3t wi0tre-seaured�by:Ws�deed ofibvsL Such-amouf�wiU�be��ue�an demand �. - ... ���
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<br /> . . , . --- _ and vn'U 6sar itrtarest from Me date of the payment untii paid In full at the interest rate�n effect on the seaaad debt. • :.. % �-
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<br /> � 10. Orfauit and Aeaf�ratlan. (f Bortower teiis to make ar►}I paymeM wfien Que or breaka amr caversants under this deed o!Vust or eny� ' � ����
<br /> � a6ligatiun secired by this deed at ttust a�any prtar martgage or deed of trusL Lender may accetetate the matiuity oi the secured debt and � .^...;,�. .
<br /> Qemand immediate paymertt and may tnwke the power of eale and arry ather remed'ies permitted 6y applicabte law. , •_ , ,
<br /> -� _�.� . . �. 11:Ra4ust far Hatics af Qefaidt�k is hereby reWesmd that eoptes of ttie noUces of�ft and sate 6e sent to each person who is;a parry. . . � �
<br /> �,•. ' . ._�.,,:� hflreto�at ffie addresa of eaeb sueh person,as set farth herein. . �- �
<br /> ' � 12.�oxr�r of S�t�.If tfie Lender imrokes Me power of saie,the Trustee sfiafl first recard in tha o�ee eg�':e register_af deeds oi each co�mty � � ` . �'
<br /> � . , wfiere§�tlte truat property ar some part a Qarcel thereof is situated a�otice of defauft cor�ining the iRfa7mation requhed by law.The Ttustea � , . . :""�• ,
<br /> � � ��� shall alao ma3!copies of the noiice of pefaidt ta the Bonawe�,w each person who is a party herem,�to other persons as prescn'bed by .,•:
<br /> . . , a�plicabte law.Nat less than one rtornh after the Trustee records tfie notice of.defauit.or two months H ths wst praperty is rtaf in any • . . . :..,_,. -
<br /> ' incarporated city ar village and is used in farrtdng oDeraUons carried on by the uustor,the Trustee shall give publIc notice of sate to ffi�e persans • � ,
<br /> " ' end ln the manner presaibed br epDPn�bte Iaw.Tiustee,withaut demand on Borrowar,st+a11 se�the Rroperiy at pubtic auction w the highes[ ��-
<br /> • � � � bidder.N�equ'ued by the Farm Homestea�Proteetlon Act,Tnutee shelt otter the property in two separate sales as tequired by applica6le law. � . � ;-;f''�
<br /> ' Trustee may postpone eale of al!or arry parcel of the property by public announcemerrt at We time and ptars of any previausly scheduled sate. ;%,,r�; s
<br /> �- . '_ ' Lender ar its designee may purchase t8e proyerty at any sale. ��`. ', i
<br />- Upon roeetpt of paymerrt of tha prirs b10.TrustAe sAall dalivar 4o the pmchasar Trostee's deed conveytng the property.The reciUats wrtained in � • �. � �
<br /> '� Ttustee's deed shali he prima facie avidtenee of the tnRh of ttse stetements cantetned therein.T►ustee shalt appty tho proceeds ot the sate in the� .- -- . ---'_�_;-.:-_
<br /> '�' � r,.. fotlowing orQer: Ia) to a0 e�enses.ot tfiB sate, inctuding, 6ut not limited to, reasonable Trustee's faes, reasanaDle attomeyra feas and : • ��. _
<br /> f retnstatemant fees;lb)to all sums seared by Ws deed of trust,and(c)the balance,if any,to Me persons Iagaly entided to receive rt. ' ,�.:i.
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<br /> • . , , 79,Fcrodo.�cra.At Lernder's opCron,this deed uf vust may 6e toredosed in the manrter provide by appPwble taw for tarectasure of mortgages ;.,r��`�.
<br /> • ' � ., on real proyerty. - � - .
<br />-- - ' � �:� 14.(tt=p�etlan.Lender tpay enter the pro08rty to inspect ft if LenQer givas Borrower notice beforehend.The notice must stata the reasonaEle ' �
<br /> �• : . • ceuse for Lenders Inspection.
<br />_ • .���• 16.�.Borrower assi�ns to LenQer theproceeds of any award or daim for damages cannected with a condemnation or other taWng � �_ � ;
<br /> � - �� of e11 ar aoy part of Ura OiaPertll•s�ch OroeeeQs w►U be applied as provided tn CavanaM 1.This assignment ia subject to the terms of any pdor .
<br /> 4 aaarrity a�eemem.
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<br /> � . ? 1Y,Wjtv�r.By exerclsFnp mry remedv avaitabia to LenQer,Lender dees not gtvo up any rights to Iater use any other remedV•BV not exercising ; `�.;� �'
<br /> � ' ' � • • any romedy upon Borrower's defautt,lender does not waive eny r1gM to taser eons�dsr the evertt a defauR if it happons aaain. � . �
<br /> • � 17, Jotnt�d gtver�l�� Co-sigrNra; Saseu�ars nnd Asti�ts Bound.AO duties under this daed of trust are joirrt and several. Any � � :
<br />-- 'Y ' � . � Barrawer who eo-signs this deed of trust b�rt does not eo�sign the und�ng debt instrument(s)Qoss so onty to gram and eonvey that ; •
<br /> • Borrox�efs Interest in Me pmpanyto the Tnrstee under the tarms of this dee of trusK.tn addition,sucfi a Raaower agrees thet the Lendes and �
<br /> • a ny o t h e r B o n o wer undar ttSs dse0 of trust m a y extend,modi t v or make arry other changes in tha terms ot this deed of wst or the secured i
<br /> � da b t withnut that BortowePS conserR and witl�out re leasi�g t hat B flrtower hom t ha tertns o f t n is Qee d o f V u s t. �
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<br /> • • Tha dutles end Qenefrts of thls deed oi trust shall bind and beneflt tAa sucCessots and asstgns ot lendar arnf Borrower. •
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<br /> 18.No9e�.Untess otherwise reQuired Oy taw,any nodce w Bartower shaU be given by detivering it or py mailing it bV���maif addnassed to i '
<br /> • �� . Bonowet at ttte proDerty address ot any otAar aQdres9 that Borrouue�has aiven to Lender.Berrower v�nll give any notiee to Lander by certified H : . . .
<br /> ,� � mail to lenQer's address on page 1 of this dee0 of trust,ar to arry atQer adCress whlch Lender has designated.Any other noUeo to Lender sAatl �
<br /> �;, : Qe seM to LendePs eddress es stated on page a o!this deed of trust. �
<br /> � � . My notice shalt be deemed to have treen given to Bartawer or Lender when glven in the ma mer statad abova. � ,
<br /> - . � �� 18 Tr�nste c1 t}N P►a�RY a�B�xlfdal hK�nst in 8M Borraww.If all ot any part of the propertY or amr irnerest in R is sold or bansterred �
<br /> . • �• witRout Lendera ptior written cansnnt Lendet mey demand Immediate Daymertt ot the secttred deDt. Lender may atso Qemand Immedate !
<br /> _ � " � '.. ,y peyrrroM i}the Bortower is not a reanual peison and a Ceneflciat interen in the Bortower is sotd ar transfer►ed.However, lender mey not
<br /> � �emfa�nd payment in the ebove s3tuatIons if rt is prohi�ited by toderat law as o:ths date of this daed of trust. +
<br /> + � 2p,�wyanc�,Whon thg oE6gaYion secure0 bV dils deed of bust Mas heen paid and Lertder has no furthe�obligaUon to make aQvances � �
<br />- �� , unQer ths Instr�unerttn or a8reaments a+tcweil,'�/�h;�Qa�d ot VusL U�v Ttu3t�e aGOf�u,�on tisrrittor►ra�uost bv!ho LeMer.roc��vey tf�tru�t , �
<br /> �� prarperty.The Londer shnll�teliver to the Bonower,or!o Borrowere suscessor m interest,th9 trust deod a�d tt�a noto or othar eviQenea of ths i,
<br /> •„h�,. ` � , ohligation so satiNed.Borrowa�sAall pay any reeatdation costs. �
<br /> � �' - � ' • Zt, guce�psor Tnrsbt,L�de to�+�I.urd�r's option,maY remova Tnistee and appolnt a succossor trustee by first,mailing e capy ot the � '
<br /> �� -• s�stin�tianot trustee as�e�uir�py'�G�aDle law,end then,bV fifir�q tAe substitutIOn of trustcso for�ocord 1n the oNice af tfis regLter of deeds . �
<br /> � �� _ ot each cowny in whieh ths Wst Droperty.or some part thereof,is srtuated.Ths suecessar trustee,without eonvayance of tho property, aha11 ,. .
<br /> . . � �ueeeed toa11 the power,dudes,auNmrity and titIe oT tho Truste9 named In the deed of trust er�of any successor bvstee.
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