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<br /> � COVENANI'H
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<br /> 1. Doy,-ae��EO. Qorrovrcr cprcoo to molc� pil �aymnnto on th� r.oc��rcd doht ��han dua. Unlocu F3orrowcr ond Londcr oprco othcrwiso, any �
<br /> , , pnymonte Lender reCelvee from Dorrowor or or Borrower'n benellt wlll he ap�ilad Ihet to uny omounte Borrowor owoe on tho socurod dobc _
<br /> � excluelve oT Interest or principal,�eannd ta Intureat,end ther to prinal�R1.If pxrtlel prepnymont of tho eecurod dobt occure for any ronson,It will �=
<br />'•s",�'• " � not roduce or excuss�ny Rctwduhd ptiyment until thre acund deDf I�prld In full. -• .
<br /> '�„'r'` � � 1j 2. CI�Irt��Apdn�t TItN.Aorrower will pay ell t�x��,��te�amnnts,end other r.herpe� ntirlh��tobte ro the�a rap�rty whon duo and will defend titlo , .,,
<br /> to tM property� dn�t my clelm�which woutd Imprlr th�Il�n a�f Ihle dand�i U�i�l.�.ander m�y requlre Borrowor to Qnalpn ony rights,clelme or
<br /> r'4;`'��„�• ,. ••�. detan�ea which�orrower m�y h�ve ap�lnat pNtIM wia�upU1Y I�bor or mrterlNe t�Improva ur rtulntaln tho propnrty. �
<br /> •� • 3. In�}:renen. 6mrowm will keep thn property Ineurod under term� ecceG�tehln In I etcder nt Borrower's exponec� and for Londer's benefit. Aii •
<br />�"��rn'-�= �`� � � Iniurinc�poticv�Ashiy�inwrance proc,ido miyr bi ipptlid�withln Lendi�M�illicretlqlr i II'bhorthirsitorationaorropair of tha damaped propeny . ,' �
<br /> � � �M.�� or to the tecured debt.II Lender requlro�mortq�p�In�ue�nr.a,8orrowor s�r�r�to melntdn�uch In�uranca for as lonp na Londor requires. �
<br /> ^ 'y»�"`' � 4. Prop�rty.Borrower wlli keep th�propsrty In eood con�itlon and mek�ell i�p�Sr�nKtpn�bly nece�ury. -
<br /> �.:+��',,,;w�rf+�. ,
<br /> : ,.�-� rv:n•�'-° ' 6. Exp�ntei. Borrowe►eproai to pAy e6 lender'�exp�neer,Includiny nernn�bl�attorn�y�'fi��,If Borrower breakn any covonants In this doad �
<br /> .• � of Vust or In ony obllp�tlon tecund hy thls dead o}tru�t.8arrowar will pay th����mount�tn Lender n provided In Covn�ont 9 of thie dood of � •
<br /> ''�:>�� tru�t.
<br /> 8. Pdar 9�curftv lnteHt�. Untet�Horrawer flrot obtaln�Lender'�wrlttsn comsnt,8arrowar will not mmke or parmit eny ohunges to any prlor '�
<br /> ' eecurity Interea��. dorrowar wiil pe��torm all of Borrower'c oblipulon� under nny prinr mortp�pe, deed of tru�t or other eacuriry�flreoment,
<br /> Inetudinp Bor�ower'�covena�te to make paymante when due. �l' ' .,
<br /> "'•,t`,•;.%� 7. A�slpnment of R�ns��nd Protit�. Bmrower n�lpns to Lendor iha renta md pro}It�af t��property.Unteon Qorrower and Lencior have apraed � �`
<br /> '• • ��• ; othorw xe In wrlting, Borrower me collect and rotein the renta u lonp ��tlorrower b not In default, If 9orrower de}aulu, Londer, Londor'e .,�+::•. �'��""'.`
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<br /> �°�'�''• � ayent, or a court eppolnted recelver msy teka poseeallon�nd mnnape the propetty end collect the r�nt�, Any rente Londer coliects shell be .r',,;i.•.' �
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<br /> ��a,�.�� , � °�� nece�eeary relet d expennea f The remsfni ng emount ot rent�wili thenipply to pl�minti�on tb iociri�debt ei p°v ded In�Covenan d'eny other ,• ,c�.��:�;;,9;��
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<br /> r'�' 8. Uauhcida•Condominlumr, W+wxud UMt qwNopm�nt�.,8orrower epreee to compty wnh the provlUOns o}eny le�ae if tMo duod of trust le on ;: �,
<br /> r� ��;,_ o leaseho!d. 1�thie deed of truat la on a unit In a condom+nlum or e plonnad unit dav�lopment, 9orrovror�vill perto�m sll of Borrower'n dutiea ,y�;, , ��r''?'
<br /> under the covenant�,bWlawe,�r roguiatlon�of the condominlum or plannod unit devnippment, ,(��������
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<br /> ' 9. Authoriry of l�nd�r to P�rfam fo►Borrowsr. If Dorrower }eilo t���rform any pf Qorrowu'�dulin under thq deed of truot, Landor mey I .,•'�!--:-+
<br /> _x� , parfurm the dutles or c�we them to be pertormed.Lender moy dpn orrower'�n�mo ar psy�ny ernount If n�catary for parformance.If any �a-z{' ::�•
<br /> P`� „ " canttruction on the property Is dUcontinusd or not earrled on In a rsatonahto mrnnn, L�ndir mey do whatwa la nece0�ary to protoat Lan�or'c ,s"�qj,*.a. {�:
<br /> security Intorest in tha pw�erty.Thls mey Inctude completinD the conetruotlon, .�el�;�
<br /> '�:+�:' Lendor'a felluro to erform wlll nat proclude Lsnde►irom sxercbin sny of It�nther rl ht�und�r th�I�w or thl�doed of trust. °";"�A'- -
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<br /> ' • AnY emounts pald by Lender ta protect Lender'o�ecurity Intsrest wlll bo cncur�d by ttd�d��d uf tru�t. Buch unount�wlll bo dun on demand ��.),�,`,�
<br /> .Y�� end wfll beer Intereat from the date of ths pryment untll psld In tull et the Inten�t rue In�ff�ci qn th��roured d�bt. •
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<br /> 10.D�f�Wt rnd AccdwtQon. If Borrower falli to make eny paymont when due or bresk�any cavsn�nt� undn thl� deod of trust or eny �;.�;,�,_;';�`.�c�;R
<br /> obllgation s�cured by thle deed ot truit or eny prlor mortgepe or deed of trwt, Londer m�y accel�nt� ths m�turlty of th�securor! debt end
<br /> ' demend Immedlate pdymen4 end mey Invoko the power ot eale and eny other remedle�pe►mltt�d by appllo�bl�bw. `•���,`p; _�
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<br /> .` ,y,t�: 17.R�tryut far Hotla�of UH�ufL It la hereby roQueeted that coples of the notice� of dehuit end uU ba unt to uch pe��on who la e perty :K
<br /> �• • .i. hareto,atthe addrees of eech auch person,ae cet forth hereln.
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<br /> ��b 12.Pow�r oi S�I�.If the�eeder Invokes the pawer o}e�le,the Tr;iatoe �hali fint record In the oiflce of tl►a npl�Nr of d�ids of eech county ~
<br /> �•r., - �K wheeeln the trust property or Bome port or parcel thereof le�Ituated �notice of defeult contalnlnp ths Infarm�tloi�nqulnd by I�w.The Trustee �
<br /> . , ahell also mall copios of the notice of de}�ult to tho �orrower, to sach p�non who lo� puty h�r�ta, �nd to othir p�non���pr�acribed hy , ��'
<br /> ' oppl!cable law. Not lea�then one month �iter tha Truttee records th� notic� ot def�ult or two montlu If tlu truit prop�rty I�not In any '7K. �;,:
<br /> �� � � incorporated city�or villape and le used in farminq operailont carrl�d on by 4ha tru�tor,the fnnta�sh�!I ptw pubUa natico af e�ts to the pertone �.� .••�:
<br /> ' and In the manner praacribad hy_appplioabla law.Trustee,without d�mand on Horrower,�hell o�ll 4h�prap�rty�t publlo�uctlon to the hiphnet �,
<br /> ' bidder. If required by the Farm iiome�tead Protectlon Act,Tru�te��h�ll offer the prop�rty In two�opunt���I�� ��raqulnd hy�ppllc�bls�aw.
<br /> . •� Trustse may poatpono cale of all or eny pe►cel of the property by publlc ennouncement et the tim� �nd ql�c�n}�ny pnviowly ach�dul�d teln.
<br /> ' . Lender or Ito�ealpnee mey purchtte the property et any ul�.
<br /> � ••~•� Upon recelpt of p�yment of ths price bld,Trustee thall delivar to the purch�ser Truttee'�d��d convaylnp tM proputy.Th�ncltlat�contUnnd tn �';
<br /> � - Truetee'e deod ehall be prlme facle evldlence of the truth of tha et�tement�contelned theretn.Tru�te�}hMll�ppiy tli��ac��d�cf tlH s�le In ttw
<br /> . �•• }ollowtnp o�der. (a) to ell expeneea of the eele, lnaludlnp, bat not Ilmited to, rouonebte 7ru�te�� te��, n��on�bl� tltorMy'� fea• end ?!-._
<br /> , '." ro:�statemant fcos;Ib1 ta all aumo socured by thie deed oi truot, and(01 the belni�co,If any,to tl�e peno�sw lep�lly eniNlW tu��celv�It. rr ; '
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<br /> , . ,. , _ 13.Forecbsun.At Lender's option, thla deed of truat may bo forecloaed In the menner provlds by eppUo�bls lew fur for�cl��ura of mortgepes �_ ,.�
<br /> , on real praperty. , ...,. r.r---
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<br />�"°'- '�^•� w•�.; �+�: 14.Insp�ctlon.Lender mey enter tho praperty to Inepect It If Lender pivea Borrower notice 6nforohend. Tha notice mu�t et�t�the rooeona6ln �`"^��•"`;�'��
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<br /> .�,. • .�'�'� ,• cause for Lendor'a Inspectlon, ' ..
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<br /> , • 16.Cond�mn�tlon.Borrower aealgns to Londer the�roceada of eny oward or clelm for damago aonrnctad wltli e condemnatlon or pther takinp ,..�,,s;--,._.
<br /> r ot all or any part of the property.Such proceeda wi 1 ba applled as provided In Covenent t.7hle etslpmnenr le eub��ot to the to�me o}any F::or . �••�:_�7'r,ib.?;`
<br /> ,..�. security agreoment. ,�;��:
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<br /> . .� 16.W�IvK. By oxersialnp any remedy eveliebie to Lendor,Lendor dooe not pive up eny rlphte to later uae en othlr rem�dy.By not oxerclniny �M~,r`{�„_y; r;;.�:.
<br /> �• any romedy upon Borrowe►'s defeult,Lencler does not weive eny right to leter conolder the event e default II It K�ppen�ep�in. �� �.
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<br /> • 17.Jo1M�nd 9�vud LlabiAty;Co-slpn�n; Succaton �nd AsNp�s Bound. Ail dutlet undn thl• d�nd of tru�t are�olnt �nd tev�r�l. Any •�•' ::_^"�.''' .� �y
<br /> ! .�; � Oarrower who co-sipne thia daed ot truat but does not co•siyn the undedYInfl debt In�trumantld doe� �o oniy to �nnt rnd convey that '�' '•' �`�
<br /> 8orrower'e Intereat In the properry ta the Truatee under the torme of thla deetl of truat.In addittan, such a��rrower epree�th�t the Lender and `
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<br /> � ••••' � �'� eny other Oorrower under thle deed o}truat may extend, modlfy or make any othor chenpe�In 1he term�of thl�deed of 1ruf4 ar the eecured � ��'� ��,
<br /> , debt wlthout thet 8orrower'e consent end without reteasing thet Bonower irom the terme oT thle dead ot vwt. � ;''` "
<br />,:��. '" Tha dutiee end beneffte af thle deed of truot ehall bind and benefit tho eucces�urs and esdpn�of lender�nd Borrow�r, .
<br /> .i.
<br />._ '��• - 19.Notic�.Uniesa othorwf5o raqulrod by law,any notice to Borrowor ehell bo pivon by doliverinp It or by o�ntinp It by ceiUlleA mp:l eddre�eed to
<br /> . Dorrower eY the praporty eddresu or anV other addrese thet Borrower hos gIven to Lend�r.Borrav«r wlll plvr eny nutire to Lend�r by certl}led
<br />— ' mall to Lender'e eddroa�on pepe 1 of thle deed of truet,or to eny other eddrees whtch Lendar h�t dollpnit�d.Any bthnr notica to 4e�da ehell �.�
<br />— � j,:<. �'�� bd eent to Lender's eddresm ee ateted on pape 1 of thla deed of truat. .
<br />-- ' Any notice thall be deemed to have been Aiven to Borrower or Lender when plvon In ths menner �t�t�d�t►ava. �
<br />..�a i. �� 19.Tramt�r of ths Propr»y or�B�nMal�Inannt In th�6orrowN. If ell or eny put o1 the property or eny Inbn�t In it I�iottl or trar,�fsrnd ' • •,
<br /> '•��.- without Lender's pdor wrtttan consent, Lender may dcmand immedlnte psyment of the eecund dibt. lmid�r m�y N�o d�m�nd Imm�dl�U •
<br /> ; • -�:_;,•,;;'f+;� p�ymerrt It the Bcrrower le not e neturnl pereon nnd e beneHc�d fnteroat In the 6orrower le eold or trenefennd. Howevai. Lende� may not �
<br /> ^;� �;t:�•.;`, demend peyment In the ebove oltuotiono if It Is prohlbitod by todorel law es of the date of thl�deod of Innt.
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<br /> _•-:- 20.Reeaiwy�nc�.When the obligntlon cocurod by thlo deed of trust has boen peld, end Lender he�na furthor obllpetlun lo mxk� xdvencer ��' �'
<br /> �_- ._ t1 .,__.�!.f-_'=.- OtaGOf[11eTh LCOd6!Bhdll��eliverntothn Borowerthm to Boiowors euacoenor�lnenteroat.�=huvu i d:�d a�wdK:��iuie nr��.�,i�suU�l nnanf�ltw� �—,� � .
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<br /> `;�;°°�""°� � obiigatlon ao setiattod.Borrowor shall pny uny rocordntian coate. � - - -- '-�-' ' ' �—'�--°�-�:;`
<br />_ �'�.` ' � 2t.Succc:�ar Trustea.Londor,at Londm'n optlon, may romovo Truatoo ond nppolnt a cuccaecor truntoa by flrct, molllnp o copy of tho � � •' . -
<br /> subatitution of truatao ae roqulrocl by upplicablo law,and then,by filinp the suhatitutlan of truatee lor record In thu o1P1ca of 1ho�opl�te►o!Uond� �
<br /> of aech county In which tho truet property,or somo pnn thoroof,Is oltuntnd.The euccoesor truateo,without conveynnce o�t1�e proporty, Aliall
<br />—� J.� auccdo d to a l l t ho powor,dv t los,nu t har i t y an d t i t te o f t ho Trus tao nnmo d In t he doe d o f truet an d o t any succo�oor trueteo. �
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