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<br /> :. �, :' � � . �. 1. aay�n:uin.Barrawer a�ees to make ali,paYmer� on the seuaed deEt when du9. Unies3��wer end lender�agre9 otherwJse.enY � �`.`. . -
<br /> � �r �� � paymerts Lender teeeives ftbih Scrtorvor or for Borrowere 6ensfit wtU ba ap�Qd first to any amnunts Barrower awes on the seeured do6t ,
<br /> excfusive at iMerar.t or pdncipy.sacond to imerest,end then to prtncipal.H partial prepaVmer!t at the sec�ed debt oeciva tor any reason,it will �• .'
<br /> . �- � � no4 re�e or e�ccuse arty schedute00aYtn�l�i.urt4d.titaseaired debt is paid in tull. ; . . � • -
<br /> . • ..• 'X.•:. iM'n:. ..: :'.�c` ' . , c r
<br /> •Z.�p���• e�';Njy`,r'K�11{axqy,essessmerts,ftnd other ehargas attributatrle to thepropeny when due and will detend titte _
<br /> ,. � �:. 1 � m ti►e pro�erty agahut a�atms.wM�waut�'irt��patr thelien of_thts deed of trusL Lender may reauUe Bormwer to assign any rlghte.datma nr , . .. �.
<br /> .� . . defenses whfieh Bartower may�D'va eaaLn't 0���suDDN tabar or materiaLs ta+mprove or maimain the propariy.
<br /> '. � • • � 3,fnrmnee.Betrower will keep efie property icuured undet tetms accepteDte to Lender at @onavaet's e�ertse anQ for Lender's 6eneftt.All • �� ,� ,�
<br /> ` � insiaance potides shalt induda a standard martgage dause in fawt of Lender.Lendar�v7i be named as Ioss payee or as the insured on any such , , , ,
<br /> � insutanee poltcy.My insutanse pmeeeds may 6a appiied,within I.ender's disuation,w eithar tho restoration or repair of the damaged property
<br /> , - � '' +. = or to the secured debi.If Lender requ3res mortgage Fnsurance,Borrower agrees to mair�in sucfi tnsuranee fqr as tong es ksnder requires. ; , � _ _ _ _
<br /> ��-<. 4.FraFertY-8arrower.will keep the property in good sos�tian a�d cnake a9 topatrs ressonabty necessary. ' ---- -- .� .
<br /> " � r` � 6.b�panus.Borrower agrees m pay aU LendaPs e�ensea,inciudhig reasortabie attomeys'fees,H Borrawer breatss.any covenart¢s in this Qeed � � . .
<br /> , ' of trust ar in erry obCgadort seciued 6y this dea0 of Vust.Borrower wnit pay these amourtts m Lender as provided in Covenant 9 of this deed of
<br /> �: . . - .. _.e- .•`- Vust• . � _ -- °�
<br />— • 4 : :�.__• g,prior Sec�uiiy t�ansts.U�Iesa Borrower first oDtetna Lendefs written conseM, Bomower witl not make or pemtii arry changas to any priar _ _
<br /> . � � security irrterasts.Borrower wiit peAorm all of BonoweYs o6ligations under arry prior mortgage,deed of vust ar other seairity agreemerrt, � - -:- -�
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<br /> � • . . , • fnctudtng Borrawars cavertartts to make payments whan due. � •. � +,, .
<br /> - 7,/luipnm�nt ot Rertts anA PmRta.8orrower assigns to Leruter the cerrts end profits of the proparty.Untess Barcower and Lender hava a�aed � . ; _ �
<br /> � � ; � otherw�se m wriUng,Bortower may coltect and�etain the tertts as tong as Borrower is not tn defauit.If Bortower dafaut[s,lender,Lender's •
<br />- r�,,: � •�, . . agert4 a a court a¢poir►ted receiver may take possessron and manage the property and colisct ths�erns.Arry rerrts Lendsr witects shali be . • _ ' . _
<br /> �ir;. ,f . . , aPPI�����e costs of managin9 the property,inctu�ng court costs and attomeys'tees, commissians to rentai age�rtts,an0 arry other , _ • . G . ..-, ._....
<br /> . necessary related expenges.The remau►ing amourrt of rents�nn"ti then apply to paymer�ts on[he secnred deht as provided in Covenant 1.
<br /> }t'j�" 8.L��hdda;ConQamintums:PtBmad Unft Qavetopmaerts.Borrower agrees to comply witA the provisians of any tease if this deed ot Vust is ort .-- - - � • •� .
<br /> _ �s;� ,�� . ; e Ieasehatd.If this deed of trust Is on a unit in a condominium or a ptanned unit davefopmertt,Bonower will perform all of BaRawer's duties . � •
<br /> - undet the covenarrts.6y-iaws,or regulaUons af the candominium or pianned unit davetopment. '.. ,
<br /> - '� s:. - 9.Autfioiity of Lan�r w P�rfortn tor Borrawar.H Bortower falis to_Derform any of Horrower's dutles under this deed of trust.Lender may . � . _ f. - _
<br /> ��` , � � .
<br /> ' ��• � -- perfarm the dutiea or cause them to be perfartned.Lertd�r may sign BoROwer's name or pay any amauni if necessary for performanee.if any f� �+ •'
<br /> , �
<br /> � ' '� � '' nsUU n tlfe r t ' a r m nn n er y o uvhatever is necassary p tect Londor s �
<br /> . . -. :. • � eo ctIo an paperry is�scominaed or rta car►ted on m easunab(e a er,Le d ma d to ro
<br /> _ _. . .� .. .. .. .. - securi�ictterest in the propertY•.This maY ine(ude comptaUng the conswcdon. . ,. . , . .
<br />— , �...-----�----- -..__. ._. . . . .. - - - - -. . . _ .... ; . ':.
<br /> • .• ., - - ----�- -. __..--- ._._ .._.._. ._..---. _..- ----.._._..... _. .. .. . . . r ��, .------:-
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<br /> • , • Lenders failure to perEortn witl not preclud�Lender from exetoisi�g arry of its otfier rights under the law or this deed of trust ��
<br />- � Qrty emourrts patd 6y Lendar to protect lender's sacurity irtterest will he secured by this deed of trus�t. Such amounta w11 be due on Qemand ' � .:�;,:s.
<br /> , , �� and witl bear interest iram the date of the Daymertt uatil paid in fuil et the Irrterest rate in ettect on the secured debt • � /_;�
<br /> .- • � � t0.D�h�dt artd AceeteraHon. H Borrower faifs to make any paymecst whsn due or breaks any covanants under this deed of trust or arry ;�` �l�.�;�;
<br /> '�*. , . - f•-� - de�mand irt►mediate payrunertt a d mayinvoke the power of sale and anY otaher�r�emed ei a perm ti d by eBpp�ti�be taw�of the secured debt.artd . , _- , ,
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<br /> � 11.Re�tsst fnr Nofica of Oefauk.It is hereby requested that coDies cf the notices of defautt ond sate 6e serrt to each person who is a party f � �,� � ,S '..
<br /> �' - • - hareto,at the addresa af eactl such person,as set forth herein. ,
<br /> " - •- -�-- - �- � 12.pow�r ot Sats.If the Lender inwkes the power of sate,the Trustee shatt ftrst record in the affice of tha regiater of deeQs ot eacb courtty
<br /> � wherein the trust property or some part or parcel tfiereof is situated a noUcs of defauft cor►taintn9 the informatian required Dy law.The Trustee i : �,
<br /> � shall atso mail copies of tAs noUce of defauft to the Bortower,to each person who Is a party hereto, and to other persons as presuibed by �-
<br /> � appliceCte Iaw. Not less than one month after the Trustee records the novice of detautt,ar two months 'rf the trust praparty �s not in any . . . ' 4 _
<br /> � ' �� incorporeted city or village anA is used in farming o�perations eerried on by the trustor,the Trustee shatl give publfc notice of safe to the persons • •� �
<br /> and in the manner presctibed by apppltcable taw.Trustee,wlthout demand on Bonower,shall sell the property at public auctian to the highest , ,f%:,:'� [
<br /> • bfiddar.tf requ3red by ths Farm Homas4ead Proteetion Act,Tcustoe shatl oNer the property in two separate sates as required by applicabte law. ,•. .� ! ,
<br /> � �� Trustae�may postpone sate o!aU or arry parcel of the proparty by puDlic announcement at the tima and plaee ot any pravlously scheduled sate. . :;�,`•.t
<br /> _ - -�------ - Lender ar its dasignse may purchase the property at any aete. -. �- - -�•
<br /> ' Upon receipt of paVm ent of the price bi0,Trustee shall deliver to tAe purchaser Trustee's deed conveying the property.The recftia(s corrtalned in � � �
<br />� � ':, Trustae's deed shatl be pdma Tacie evldtenee of the uuth of the statements corttairted therein.Trustee shall appiy the proceeds of the sala in the .,E
<br /> foltowtng arQer: (a)to aIl e�enses of the eale, lactudtng, but not Itmited to, reasona6te Trustee's fees, reasonaRte attomewa tees and �.
<br /> relnetatsmem fees;ib)to all sums secured by this deed of trust.and(c)the 6alance,if any,to the persans Iegalty entitled to receive rt. ��,�ii"
<br /> . ' � ' • 13.Faraetosuro.At Lender's oPtian,thia deed ol uust may be foreetosed in the manner provlde by applicabte law for forectosure ot mortgages � �� � � .
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<br /> ' ' on real property. • .
<br /> ' • 74.In�wcUon. Lender may entor the property to inspect it if Lender g(ves Bortower noUce beforehand.The notice must state the reasona6la : �,
<br /> .. cause ror Lender's inspection. • ,_ '
<br /> _ ' . _ ..:..� 18,Co��mnstlon.Borrower assign�s to Lender th�proceeds of any award or daim tor damages con�ected with a condemnation or other taking �
<br /> ' s, . . _• •�; � of e11 or arry paR of the property.SucA procseds will be apytied as provided in Covenant 1:This assignment is subject to tfie terms of any prlor , , :
<br /> � �• , securityegreemant.
<br /> i . . dy V •
<br /> �` ' � arsiy reme�pon BoROwe�s defautt,Lende�r d�oes not^walirB eny rigM to lateacons�der�ihe event a�defauftifat happens againy�By not exercising ��r, '
<br /> _. � ' � 77.Jolnt and Sw�rat Ua6UItv: Co-algnero; Suecesaors an4 Aael�s Bound.All duUes under this deed of vust are jolrt and sevaral. Aoy �
<br /> i, � �` " � � $ortowar who co-slgns this deed of trust but does not co-sign the undertying debt Insvument(s)does so onty to grant and convey that •
<br /> � + BonowePs interest ln the properry to the irustee under the terms of this dee0 ot Vust.fn additlon,such a Borrower agrees that the Lender and •
<br /> � � '�' � any othet BoROwer under thts deed of Vust may extand,moditv or meke any other ehang�s tn the terms nf this deed of trust or the secured ._
<br /> deb!without that Borrower's consent and withaut releasing that Borrower trom the terms of ffiis Qeed of trus�
<br /> f• k •
<br /> • The Eutles and 6enefits o}this daed of uuat sheU b(nd and benefit the successors and assigns of lender and Bonower. � �
<br /> � 18.No9e�.Untess otherwlse requlred by law,any notice to Borrower shall be givon by delivering it or 4y mailing it by certifled mail addressed to � � •� .
<br /> � Borrower at the property address or any�pther address thai 8orrower has glven to Lender.Bonower wtU 8ive any notice to Lendet by certified � _ _ .
<br /> mail to LonQei's adCress on pege 1 of thle deed of bust,or to any other address whlch Lenaer has designated.Any other notice to Lender shafl
<br /> � • � � 6a serrc to Lender's address as steted on pa({e 1 of thls deod of trust. ' •
<br /> a� ' .� . . �
<br /> � . ' �` Arry notice shall be deemed to have been givan to Borrower or Lender when given in tho menner statod above. .
<br /> � . 19.Trwfe a?ths Ptop�rty or e BMSRctat(nt�rast In ths Bortow�r.ff a11 or any part of the property or any interest in it is sold or transfened F . �
<br /> - � without Lendes's prlor writtAn consern,lender may demand immediate payment ot the secured debt. lender may also Aemand immediate h
<br />_� � � . d m nd pa�rrt In�e above S1tuaUons lf iiie prohibtCd by f9deiel I w a9 of�ie daf e of thls deeA ol�trutt nsterred. However, Lender may not � _ :
<br /> � � 20.Raamyanee.WAen the obllgation eecured by thls Qeed of Vust has been patA,and Lender has�o tunhet obligation to make advances
<br /> � • , wder th9 InsVUmente or agraements secured by ihla deed of Vust,the Trustee shal6 upon mrtitton roauost by ffio Londor,raconvay the bust i•
<br /> . � :' pr�o�perty.The temder shalf deliver to the Bonower,or to Borrower's suceessar In tnterest,the trust doed end the note or other evidence of the r
<br /> T_ : o6u8aUon so eaUsflad.Bortower shatl pay any rocordatlon costs. � •
<br /> �• 2�.Suuasar T�wLee.Lender, et Londor's oDtion, may remove Trustee and appoint e successor trustee by first, mailing a copy of the i .
<br /> • � - subsUtuUon o1 Uustee 8s required by applicabte law;and then;by titin�the substitution of trustFre tor record in the o�ce of the repister of deaQs � i � , '
<br /> ' ' of each eounty in which the uust property,or some part thereot,is sttuated.The suceassor trusteo,without eonveyanee of the property,shall �
<br /> ' � succead to ell the power,duties,autAorlty and tltle of the Trustee namad in the daed of Uugt and of ony succassor trustee. i
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<br /> -�-- '--� __...- �--_�..__..• BAN�tEaS SYStEMS.mtC.,ST.CtOU2 ELN 683011180P39Y73411 FOAM OCVaNtGN!81t gldt I
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