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COVENANTS 200300280
<br />1. Payments. Borrower agrees to make all payment, on the scoured debt whet due Unless Borrower and Lender agree otherwise, any payments Lender cove ves from
<br />Borrower or for Bonmver's bottleful will be applied First to any amounts Bor,wer owes on the secured debt exclusive of interest or principal, second in interest, and then to
<br />principal, If partial pregaymnd of the secured debt occurs for any reason, it will not reduce In ewers, any scheduled payment until the secured debt is paid in full.
<br />2. Claims Against 'title, Barrows, will pay all taxes, assessments, and other charges attributable to the pi penly when due and will defend title m the property against
<br />any claims which would impair the lien of this deed of past Lander may regm e, Borrower to assign any right, claims or defenses which Borrower may have against
<br />parties who supply labor br madeoals to improve or maintain the proper,
<br />3. Druranes. Borrower will keep the property insured under terms acceptable to Larder at Borrower's expense and for Lender's benefit All Insurance pefiaes shall
<br />include. standard reengage clause in Men, of Lender- Lord,, will be namw os loss payee or as the insured on airy such insurance policy. Any insurance proceeds 'nay be
<br />applied, within Lender 's diw een n, to either the ncmration or repair of the domzged property or to ate scoured debt Ir Lender requires mortgage insurance, Borrower
<br />agrees to m.ion in such insurance for as long as Lender requires.
<br />4. Properly. Borrower will keep thcpropery in good condition and make all repairs reasonably necessary .
<br />5. Expenses. Borrower agrees to pay all Lender's expenses, including reasonable attorneys foes, if Borrower breaks any cavernous in this deed of treat or in any
<br />obligation secured by this deed ofnut. Borrower will pay these amounts to Londe as provided in Covenant 9 of this deed oftrnst
<br />6. Prior Security Interests. Unless Bm.ower fast obtains Lender's written contest, Borrower will not make or permit any changes to any prior necunry interests.
<br />Borrower will pefnm all of Bmrowh s obligations under any poor mortgage, deed of trust or other security agreement, including Removal's covenants to make payments
<br />when due.
<br />7 Assignment at Rents and Profits. B L d -th - r d p fns I th p areas Unes& Bmmwer and Led k greed th+wise in writing
<br />Borrow assign,
<br />Borrower may collect and retain the of long a Borrower is not in default If Borrower defaults, Lau der, Lender's agent, or a court appointed receiver may take
<br />possession and marugc the property and collect he over,. Any tau Lender collects shall be applid first to the costs of managing the property, including eoun cons and
<br />attorneys' fees, commissions to rental agents, and any other ovell ary repel expenses. The remaining amount of lot, will then apply to payments on the secured debt as
<br />provided in Covenant 1-
<br />8. Leaseholds; Condominiums; Planned Unit Developments. Borrower agrees In comply widen the provisions ofany lease If this deed of tent is t leasehold. It'll,
<br />deal bf Wet is on. unit in a codomiNUm nr a planned unit development, Borrower will persona all of Borrow r, homes; under the avanang, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Leader to Perform for Borrower. If Borrower fails m perform, any of Borrower's duties under this deed of cost, Leader may pefoma the duties or
<br />cause them m be persornw. Lander may sign Borrown't name or pay any amount if necessary for per sommore If any cmwm mn on the property is discodruw or not
<br />camedon in a rensoable manner, Lender may an whgrccmis necessary to protect Lender's s..ty interest in thepropeM1y. This may indmde completing thcconstrnetion.
<br />Lower's failure to perform will not preclude Lander from revising any of Its tithe' lights under the law or this deed of most.
<br />Any amounts paid by Lender to protect Lender 's security located will be seared by this deed of trust Such amounts will be due on demand and will bear interest from the
<br />dateofdhe payment until paid in full at the interest rate in effect on the secured debt.
<br />10. Default and Acceleration. If Borrower toils to make any payment when due or breaks wry covenants under this deed ofirust or any obligation securd by this deed of
<br />mut or any proof mortgage or deed of mud Lender may accelerate the maturity of the secured debt and demand immediate payment and may invoke the power of sale and
<br />any other whowles permuted by applicable law.
<br />11. Request for Notice of Default It is hereby requested that copies of the notices of d Jhult and sale be sent to each person who is a parry hereto, at the address of each
<br />such person, as sa forth heran.
<br />12. Power of Sale Irthe Lender invokes the power fsale, the Trustee shall best record ill the office of the register ofdoeds breech county wheran the treat .petty or
<br />e pan at game[ thereof is sImgtW a hatice of default ton erg the information req 'red by 1 The Tutee shall also mad angles of the recce of default to the
<br />Be—' in h person who party h r and it) H anamer, asp- crea ittaxi bl applicable law, Ncl.. that one month after the Trustee recordsth t felt It,
<br />'et tesons ...... p Fin opt td city -I la d. d f g Operations earned on by the arm, the Trustee hall lose Public notice of
<br />ale t the persons d - the rime presented - by ere applicable I h females, without d rid f m shall II sell the property at public auction m the highest bidder - If
<br />required by mprope b ealend Protection AcL Trustee shall oBer the pmpeny ire two sepaamesales as required! by applicable law. Tmsmemaypostponesaleofalloraay
<br />p.rcel of the rty ypublicanv,unrementar the time and ploceof any provmously schwuld sale- Leader orit, designee may purchase the property at any sale
<br />Upon recap! of payment of the pose bid, Tnutee shall deliver to the pmmh ... I Trustee s deed conveying the property. The recitials contained in Trname's deed shall be
<br />prima facie evidiarce of The mall of the statements canceled ld the coal, Trustee shall apply the pmcecds of the sale in the following order (a) to all expenses of the sale,
<br />including, but not limitd to, rcasmuble Trustee's fees, reasonable atherel t fees and romm ement feel, (b) to all sums secured by this deb of must, and (c) the balance if
<br />any, to the phsons legally entitled to receive it
<br />13. Travancore. Aticndelcolor, this dew of ousnnny be foreclosed In the manner pa us by aighcablc law for foreclosure of mortgages on real property.
<br />14. Inspection. Under may enter the property to inspect it if Lamer gins Borower notice beftrelmand. The nonce must auto the honorable cause for Lender's
<br />inspection.
<br />15. Condemnation. Borrower assails to Leader the proceeds of any award or claim for damages connected with a co mmucco on or other taking "fall or any pan of the
<br />properly. Such proceeds will he applied as providd in Covenant I- This assignment is mueed to the terrre of mry poor security, agreenbm.
<br />16. Waiver. By exercising any ranedy available to Lender, Lender does not give up any rights ro later uric any other remedy. By net examining eery remdy, upon
<br />Borrower's default, Under does not waive any right to later consider the event n default n it M1y right again
<br />17. Joint and Several Liablliry; Co- signers; successors and Assigns Bound. All duties under this dew mistreat majoiot and several. Any Bovowa who co-signs this
<br />deed of trust but does not co-sign the underlying debt instruments(s) does so only to grant and convey that Boerower's itaest in the property, to the Trustee under the terns
<br />.Chi, deed of cast. In addition, such a Borrower agrees that the Lender and any other Believes mhder this deed of first may extend, mass or make any other changes in
<br />the teems of this deed osaunt or Be securd debt without Braii'I consent and without [shooting That Borrbwa from the of this deed of cost.
<br />The duties and bcoefits ofthis dew of cost shall bind and benefit the successors and ansds of Lender and Borrower.
<br />18. Notice. Unless otherwise required by law, any notice to Borrower shall be given by delivering it or by mailing it by canfice bred addresser to Borrower at the
<br />dewe�u1,rorto or Belorussia
<br />has designated Any othrhouire to Lender any
<br />hall he sent Under Leader's ddress mail to Under's
<br />on page Id of this dew of trust
<br />Any voice shall he dwnd ro have been giver to Borrower or Lender when gives in the matinee stated above
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. If all or me part of the property or any interest in is is sold or tmnsferrd without the Larders
<br />poor written consent, Locher trey demand immedom paynment of the secured debt Lender may also demand onmediam payment if the Borrower is not a natural person and
<br />a beneficial interest in the Borrower is sold or transferred However.Leadennay not demand payment in the above situations if it is probibiled by federal law as of the date
<br />of this deed franc
<br />20. Reconveyaaee. When the obligation scouted by This deed of tot has been paid, and Lender has no further obligation to make advances under the instruments or
<br />agreements speared by this dew oftrust, the Trustee shall, upon written request by the Lender, reconvey the trust property. The Lender shall deliver to the Borrower, or to
<br />Borrower's successor nn imcrest, the trust dew and the late ,,other evidence of the obligation as confM Borrower shall pay any speculation costs.
<br />21. Successor Trrtee. Lenda,at Lendeds nptioq rruy remove Tusdee and.ppoimn mccessor nus[ce byfiret, rreilinga copy,l' the substlmGOV Oflmstee as haluirw
<br />by applicable law, and then, by filing rho substitution rFtmter for record in the office -fthe register of tied& of wch c ... ry in which them t property, or same part
<br />trubt an is simmer. The successor trustee, withoutareveyence of the property, shall nracutl th alhhe powet chnies, authority und title,f the T.Stee n.mw in tlm dew of
<br />'.rust and of any successor ccesso
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