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COVENANTS 200300222
<br />1. Payments. Bail agrees to make all payments on the secured debt when due. Unless Borrower and lender agree otherwise, any payments Lender receives from
<br />Borrower or for Borrowed s benefit will be applied first to any mtounts Bnrmwn owes on the seonmd debt eschmlve of irearat m principal, second to interest, and then to
<br />principal. If partial prepayment of the secural debt occurs fin any reason, it will net reduce or excuse any scheduled payment until the secured debt is paid at full
<br />2. Claims Against Title. Borrower will pay all tuxes, asla smrnts, and other charges attributable to the propary when due and will defend tide or the property againa
<br />any claims which would impair the lien of this deed of cost Lerida nay require Borrower to assign any rights, claims or defenses which Burrower Wray lave against
<br />parties who supply labor or materials to improve or maineln the propeitg
<br />3. Insurance. Borrower will keep the progeny insisted unda tams oscemable to Lender at Borrowers expense it for Ideal semi NI Impacts, Policies shall
<br />include a standaN mortgage close iu favor of Lender. Lender will he named as loss payee or as the insured on any such insomnia policy. Any insurance proceads may be
<br />applied, within Lender's discretion, to dNCr the restoration or repair of the dunagal property or m die secured debt. If LeMe requires mortgage innovative, Bouower
<br />agrees to maintain such insurance for as long as Lender requires.
<br />4. Property. Borrower will keep the proper, in goad condition and asks, all repairs reasonably necessary
<br />5. Expenses. Burrower agrees ne pay all Lender's expense, including reasonable mmmeys' &w, if Borrower brooks a, creveane hr this deed of cost or ha any
<br />obligation secured by this deed.fwst. Borrower will pay these amounts to Lender as provided in Covenant of this dead opened
<br />6. Prior Security Interests. Unitas Borrower first Tbehs Lcui written oomen. Bonvwer Will net acke or permit may changes to may prior security interests.
<br />Borrower will perform all to' Borrower s obligations trader any prior mo singe. dead visual m other security agreement, including Borrower's covenants to makepayments
<br />when due.
<br />Z Assignment m Rants and Profts. Hoemwa assigns to Imda Ihr rents and profits of the progeny. Lutes Borrower and Lender have agreed otherwise to warm,,
<br />Bonower may coffee, and retain the rents as long as Borrower is not in defhulL If Bonvwer defaults, Leaden Lender's agent, or a court appointed receiver may lake
<br />pas n and manage the property and collect the ent, Any rents Lender collects shall he applied first to the costs of managing the property, including, court costs mid
<br />attorneys' fees, commissions to rcnfl agents, and any other necessary related expeisex The remaining amount of rents will then apply to payments on the secured debt as
<br />provided in Covenant 1.
<br />8. Leaseholds; C'ontlominiums; Plannad Unit Developments. Borrower agrees to comply with Nc provisions of any lease if Ws deed of round is on leasehold. If this
<br />deed of,mst is an a unit in a condominium or a planned unit development, Borrower will part Iva all of Bonawer'e dada under the covenants, by laws, or regulations of
<br />the cnrrduara i ium or plvrria l unit developna nt,
<br />9. Authority of Lender to Perform for Borrower. If Bo—wer fails to perform, any of Borrow,,', duties snider Ws deed of hush, Lander may anfonn the duties or
<br />canal Ihnn to be performed Lander may, sign Borrower's name or pay any amount if necessary for performance, If any, construction on the property is discontinued or not
<br />carded on or a nameable mane, Leader may de whatever is necessary to protect Leader's security interest in the proper, This may include completing the central
<br />lender's failure m p,ifmna will net preselude Leader from exercising any of its red rights title, the law or this deed cef tmst.
<br />Any amounts paid by f order so pervert I—der'.s security i lr eat will be swuawl by this deed of frost. Such anoints will be due an demand and will bear interest from the
<br />Tons of the payineid until paid in full al the rommsl rate in effect on the secured debt.
<br />lo. Default and Acceleration. If Bmownfalls to make any payment when due or blanks my covenants under this deed oftmn or any obligation secured by this deed of
<br />aver or any prior nounpgr indeed of cost Leader may sadentc the matunry of the s..roe debt and demand immediate pvymant and may invoke W, power of Is and
<br />any other romantics pennined by applicable law.
<br />11. Request fur Noticed Default It is hereby requcsttd Nat copies of the notices of defauh and tale be sent m etch prison who is u party hercm, at Ne address of each
<br />such person, as se fresh herein.
<br />12. Power of Sale. If the tender invokes the power of sale, the Tmstce shall fan record in the office of the register of deeds of each county wherein the Bust propery or
<br />some pas or parcel thereof is Mounted a notice of default annealing the information no obad by law. The Trustee shall also mail copies of the notice of default Ire the
<br />Borrowr, to each person who Is a party haves, and to other persons is precrded by applicable law, Not loss than one month after the Trustee rmmds the active ofde(ault,
<br />or two months if the oust pni A aset is any incorporated city or village and is used in farming opemders iromed on by the tall(.,, the Trustee shall give public tonee of
<br />sale or the persons and in the manner prescribed by applicable law. Trustee, without demand of Borrower, shall sell file property at public auction to the highest bidder- If
<br />required by the Patin l lumamed Protection Act, Trustee shall offer tire property in two accurate sales as required by applicable law- Tmstce may postpone sale of ull or any
<br />painel ofnhoproperry by public announcement at the time and place many previously scheduled sale Larder or its designee may pumlmse the property at any sale.
<br />Upon receipt of pa,b an of the price bid, Trustee s]all] deliver to the pumhasa'I matce's tlocd conveying the property- The rentials contained in Triseeb dead shall be
<br />print facie evidierace of the truth of the statements command therein. Trustee shall apply the pmcends of the sal, in the following ord, pi m ell oxpensw of the sale,
<br />including, but not limited lo, reaaeable Tmstee's fees, reasonable anonmy', feom and internment fees; (b) to all sums secured by this deed moral and (c) the balance, if
<br />any, to the persons legally entitled to receive it,
<br />13. Foreclosure. At landu's reprint, this deed of oust moy be furaiosad in the mmuler pmvitictl by applicable law for foreclosure of mortgages on reel property.
<br />14. Inspection. Lender may enter the property to inspect it if leech gives Bool notice beforehand '[he notice must state the reasonable cause for Icndei s
<br />inspection.
<br />15. Condemnation Borrower assigns to Lender the proceeds of any award a daim for damage, connected with a c radcmnatlon or other taking of all or any pan of the
<br />property- Such proceeds will be applied as provided in Covenant L Phis aeeignmanl is eubjat to theterms of any prior security egremaent.
<br />16. Waiver. By extension, any remady available to Laude, Lender does riot give up my rights to later use any other remedy By not exercising vary rnnedy upon
<br />Denali s default, Tender does not waive any righl to later consider Nc went a default if it happens again
<br />17. dream and Several Liahility; Co- signers; Succamn and Assigns Bountl. All duties under Nis deed of tmst are joint and several. Airy Bonvwer who eo -signs this
<br />dead of trust but does our cosign the underlying debt insWmentlad does so only to gmnt and convey that Bonnwers interest in Ne property to the Trustee unda the teens
<br />of this died of Ws[ In addition, such a Burrower agrew that the Leader and any other Borrower under this decd of frost may extend, modify or make airy other visages in
<br />the tams of this deed of trust or the secured debt wi mom that Borrower's ...scot and without mleuing chat Bnnnwer from the mecca uCthia deed of tmst.
<br />The dories end btnePos of this deed oPtmn shall hind rend beaefiuhe suocwsus unit assigns of Lrntla end Borrower.
<br />18. Notice. Unless otherwise requited by law, any notice to Borrower shall be given by delivering it or by awning it by ,citified mail addressed m Borrower at Ne
<br />property address or any other address that Bar.— has given Ire Lender. Bonower will give any notice to Leader by certified mail to Lender's uddrws on page 1 of this
<br />deed worst, or to may other address, which Lander has designated Any other notice to Larder shall he sent to Lancet's address as mead mi page 1 of this deed often.
<br />Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated ahoya
<br />19. Transfer of the Property or A Beneficial Interest In the Harrower. If all or any pan of the propery or any interest in it is sold or transfers of without the lender's
<br />prier written consent, Lands in, demand immediate payment of the secured debt Leader may also demand immediate payment fttle Bowwcr is not a natural person and
<br />o beneficial interest in file Horrower is sold or tmnsfered. However, linden may not demand payment in Be above sttustiots if it is prohibited by federal law as of the date
<br />of ,hts deed of bust.
<br />20. Recunce, ance. When the obligation secured by Nis deed of trim has been paid, and Lender has no further obligation to make advances teacher due instrument, or
<br />agreemenrs secured by dais deed of hush, the Trustee shall, upon wmten mquw, by the Lender, recom ey the Wet pool The Lender shall deliver to the Borrower, or to
<br />Borrower's successor in Interest, the trust deed and the note or other evidence of the obligation so satisfied Borower shall pay any raordatlon costs.
<br />21. Successor Trustee. Leads, at Lender's option, may remove furnace and appoint a successmarmaee by for, mailing a copy oflhe scommation at trustee as moment
<br />by applicable law, and than by fill., the mbstimtion of teasme for record in the office ofthe registrar officals ofeach county in which the treat property, or some pan
<br />theroulgissimated. The successor water, without cmrveyance of the properly, shall succeed to ell the power. duties refinery and title of the Trustee aamed in the dad of
<br />con and of ally meewwr trustee
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