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200300010 COVENANTS
<br />1. Payments. Borrower agrees to make till puymans on the secured debt when due tinleas Borrower and Linder agree otherwise, any payments Lender receives from
<br />Borrower or for Bmmwer's benefit will be applied first m any amounts Borrower owes on the secured debt exclusive of interest or principal, second to ordered, and then to
<br />principal. Effaced propuydmnl of the secured debt news for any ream,, it will not reduce or excuse any scheduled paymonf until the severed debt is paid in full.
<br />2. Claims Against Title. Bormwcr will pay all taxes, assessments, and other charges uncountable to the property wben due and will defend title to the property uguind
<br />any claims which would impufr the Bert of tins deed of trust lender may require Banawer to assign any rights, claims or defenses which Borrower may have against
<br />panics who supply labor or materials to improve or mainmin the property.
<br />3. Insurance. Borrower will keep the perfectly neared area terns aweomble to Under at Borrower's expeace and for lender's benefit All Ins.. policies shall
<br />include a standard mortgage clause in favor of Lender. Linder will be named as loss payee or as the insured on any such insurance policy. Any insurance pacers rwy be
<br />applied, within Loner`' ill ... ntic n, to either the remomtion or repair of the damaged property, or to the secured debt. If Lender requires mortgage resonance, Borrower
<br />agrees to maintain such moderate for as long as Linder options
<br />4. Properly. Britawer will keep the p.p,,ry in ocal condition and make all repai, reasonably necessary.
<br />5. Expenses. Borrower agrees m pay all Leader's expenses, including reasonable anomeys' fees, if Borrower breaks any covenants in this decd of mast or in any
<br />obligation smmetl by Wis deed oCdvst. Bmmwer will pay these ...unto a lender ac provided in Covenant 9 of this deed oftaat
<br />6. Prior Security Interests. Unless Borrower first obtains Lender's written contest, Borrower will not make or permit any changes to any prior saunty interests.
<br />Bu..— will perConn all of Borrower's obligations under any prior monbage, decal of tend or other reverts, agreement including Borrower's covenants on make payments
<br />when due.
<br />7. As,immcat of Rmns and Profits. Borrower assigns to Lender the rents and nefirs of the propury. Ifulens Rmmwer and lender have agreed otherwise in writing,
<br />Burrower may collect and refund me is as long as Borrower is not in defadLL If Bnm.wer foods, Lender Lender's agent or a can appointed receiver may take
<br />possession and rmtugc the property and collect the rams, Any rants Lcnda collects shall be applied first to the costs of managing the proper, including court costs and
<br />attorneys' fees, conmrisslons to rental agents, and any other uecessay related expenses_ The remaining amount of card, will then apply to payments on the second debt as
<br />provided in Covenant 1.
<br />8. LenselroWS; Continental ... ; Planned t1nit Developments. Borrower agrees to comply with the ppr,gi.r, oft,, lease if flux deed ofolat is on lessehald_ If Bus
<br />decd of dust is on a unit in a condominium or a plarmrd unit development, Borrower will perform all of Borrower s duties roder me covenants, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails to container any of Borrower's duties under this dad of fast, lender tray perform roe duties or
<br />use them to he indurated . I sender may sign Benner sname or pay any. ..roam if necessary for perfon.a ace. If any construction on the property is discontinue d] in not
<br />tallied an in a twsoaable urinate, Leader on, do whenever is necessary w pruuea Lender's —din, interest in the paperty. Thu may include compiled, me comiucmn,
<br />Lender's toilure m "ran in will not "reeled, I ender from exerisid, any of its other rights rarer (Ile law or this deed of [ties(
<br />Any amounts paid by Lender to protect Lender's security interest will be secured by this deed of cause Such amounts will be due on demand and will bear interact front tie
<br />date of thelmymwt until an in in fail at Mend .... t late in effect on me seem,] deb.
<br />10. Default and Accelerat ion. If Borrow, fails by mako any payment when due or Intends any covetrons under this decd of tac t or airy obligation seemed by (In, deed of
<br />treat many prior mortgage or deed of dust Lander' may accelerate We nmamy of die s,ured deed and demand immediate payment end may invoke the power of sale and
<br />any other remedies permitted by applicable law.
<br />11. Request for Notice of Default. It is hereby acqu -uJ 0md copies .1 in notices of default and sale be send to each person who is a "any hereto, at the address of each
<br />such persen, as scat forth haau
<br />12. Power of Sole If de Lea der tnvukes me power of sale, the Trustee shall best revord in the office of the register of deeds of each emery wherein the coact property or
<br />some an or parcel thereof is situated a nonce of default containing the infonnaeon rat 1 by law. The Tmshe shall also mail copies of the Bodice of default to the
<br />Borrower, to each person who is a party hereto, and to other persons as to ,,. Isd by applicable law. Not lea (Iran no month after the 'Ipstee..to, the nonce of default,
<br />ortwn months if the lest" poorly is not in any over,.m(,1 city or village and is used in farming operations earned on by the III the Trustee shall give public notice of
<br />sate,, the person, and in the mama presedbed by applicable law. Tact,, without demand on Bonowu, shall sell be property at public action to (Ire highest bidder. If
<br />a, mods by the Farm I lomesread protection Art Taatee shall off,,, rrhe property in two separate sales as requited by applicable law. 'Pasta may postpone sale of all or any
<br />parcel of the a open by public mmoudmtlem a,the time and place of my preciously scheduled tale Under or its designee may parchene the property at any sale.
<br />Upon receipt of paymad of the price bid, Trustee shall deliver to the purohmer Trustee s deed con ying the property. 'fhc perhaps contained in Toug er's deed shall be
<br />pains fade eviStenee of the wth of the statements contained therein. Trustee shall apply the proceeds of the sale in the following adert (a) to all expenses of the sale,
<br />including, but not limited on, memmble Treace 's fees, reasonable amnary s fee, and rei avetement fees, (b) to all sums secuml by this der of trust, end Ic) me balance, It
<br />any, tome persons legally entitled to lovely it
<br />13. Porselsomer. Ac Lender's option, this decd of era maybe foirclwed iu(he manner provided by uppiiwble saw[orCorevlomrc of mongagcs on real property.
<br />14. Inspcenon. Lender may enter the pmpaiy to inspect i( il' Lender gives Barrows nonce beforehand. The onfite must snare the reacluddle cargo for Lenders
<br />inspection.
<br />15. Condemmdon. Borrower assigns to Linda the proceeds of any award or claim for damage connected with a condemnation or other (along stall or any part of the
<br />property Such proceeds will be applied as provided in Covenant]. Try in.sgignmem is subject to fhc tams ofeny p�ioreaunry agramevf.
<br />16. Waiver. By exercising any remedy available to Lender, Lender (Ines not give u s .try rights to later use any other remedy, By not c bbersing any remedy upon
<br />Borrower's default Lend, does not waive any ngbt w 1.1, ranged, the event u default if it happens again.
<br />17. Joint and Several Liability; Co- signers; Sueceamrs and Assigns Bored. All duties mule (his dent of most are joint and several. Any Borrower who co -signs this
<br />deed of oust but does no( co-sign the underlying deb( instmmcnnts) does so only to grant and convey that Borrower's interest in the propetty in the Trustee under the tones
<br />of this deed oftast. In addition, such a Borrower agrees that the Leader sad any other R .... of undo, this diked of (msl tray extend. modify or make any other changes in
<br />the bums ofmis deed of toot or the sectored debt without that Borrowers wmenl and withaut releasing that Borrower from the teats of this deed of most
<br />The duties and benefits of this deed of trust shall bind and benefit smwessors and assigns of Leader and Burrower .
<br />18. Notice. Unless eth,wle, rcqutred by taw, any notice to Borrower shall be given by deliveneg it or by mailing it by certified nwil addressed m Burrower at the
<br />property address or any other address that Borrower has given to Leader. Borrower will give any notice to Under by certified mail to Lenders address em page I of this
<br />deed ofdd', or to car, ather addre,, which Lender has designated. Any other notice to Lured shall be sent to Undei a address as sated on page 1 of this fool of leant
<br />Any notice shall he deemed to have been given to Bunuwerar Lender when given in he manner stared above
<br />19. Transfer of the Propery or a Beneficial Iuses "I in till Part a on. If all or at of fit, propetty or tiny interest in it is sold or learghrted without the Lender's
<br />prior written consent Larder army demand immediate payment of the scoured debt Under may also demand immediate payment if the Borrower is not a meal person and
<br />a bouefocinl interest in the Borrow, is sold or transferred. However Lender may no( all Imymeo, in the above situations if it is prohbi(ed by federal law as ofmc date
<br />of this deed affront
<br />2B Reconveye ace. When the obligation secured by this deed of rest has been paid, and Lender has ter handler obligation W make advances aura the insmunenfs or
<br />agreements secured by this deed of lost, the Trustee shalt upon women requtsf by the Lender, ov,decy the pass property. The fender shall deliver to the Borrow,, or to
<br />Borrower's sucwssonn ret,esn the trust deed and the note or other evidence of the obligation so satisfied_ Burrower shall pay any reeotdatian case.
<br />21. Sateesser Trustee. Under, at Leader 'soption, may remevc'Imose, and appoint a successmlastre by post, mailingaa,, ofine videsation oftmsae os exploal
<br />by uppiiwble law, and then, by filing the substitution of trustee for record in the office af the regla, of deeds preach county in which the past property, or some pan
<br />thereof, is situated. The successor wsme without 'do"anc, of the property, shall 'recent to all the power, duties, adthoary and title of the Trades, named in the deed of
<br />trust and of any successor trustee
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