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20030060 COVENANTS
<br />1. Paymmh. Borrower agrees n make all payments on the secured debt warn due. Uness Borrower end Linder agree oWecwiu, any peymmn Linder receives from
<br />Borrower or for Borrower's benefit will be epplud first to my,mounn Borrower owes m the soured debt aselie ive of inoaest or pnncipal, second to interest, and then to
<br />pnmipeL Ifpatial prepayment of the ucurd tlebt arum f any maem, it will not rases or excuse anY scheduled payment wtl the saint debt is paid in full.
<br />2. Cla®s Agehut Tlek. Borrower will pay all axes, assessments, and other Wwgm ataibwable to the property whin due and will defend title to ffe property against
<br />any claims which would impair the lim of this deed of two. Linder may requhe Borrower to essigv my rights, claims or defenses which Bmawa may have against
<br />parties wbo supply labor o,mmerials to mass, or maintain toe property.
<br />3. lase ce. Borrows will keep the frcoperty insured order terms meeptable to Leader at Borrower'v . expense and for bender's benefit All Insurance policies shall
<br />include a standard mortgage clause m favor of Lerch. Leader will be saint as loss payee or as the ins m my such msu m policy. Any insurance proceeds maybe
<br />applied, witty Lender's discretion, to either the samonfion or sells, of the damaged property re to the ucnred debt. If Leader sequiree mortgage insurance, Borrower
<br />agrees to maintain such insmence for as Img as Linder requites.
<br />Property. Borrower will keep the properly in good condition and make all v,ma reasonably naessery.
<br />5. Expenses. Borrower agrees to pay all Leader's expo. s, including ieasmable attorneys' fees, if Borrower breaks any covmmts in this dud of trust or in any
<br />oblgation seared by this deal ofwst. Borrower will pay rhea amownto lender as providdinCovenant9 ofthis deed of vast.
<br />6, Prise Security Itterasn. Uness Borrower fast obtains Lender's wnttm curtest Borrower will not make or permit any ob cues to my poor security interests.
<br />Borrower will perform all of Borrower's obligations under my prior mortgage, deed of wet or other sanity agreement, including Borrower's evoomeu to make payments
<br />when due
<br />7. An4pass st orRmn and Ps efin. Borrows aseigtn to tads tlhe man tmdprofin of the pNpatty. UNess Borrower end i.mda have agreed otherwise in wntirp,
<br />former may .Rut and retain the sots as Img as Borrower u nW W default If Borrower defaults, Linder, Leader's agent, or a court appointed receiver may take
<br />posudeim and rtavage the property, and collect the rem. Any rents Leader.11ecls shall be applied first to the cats of mav,ging the Laopaty, including cow cat, and
<br />,doorways' fors, commissions re rental agents, and my oars rsseessery related expenses. The remaining amotm of is will ohm apply to payments on the secured debt as
<br />provided in Covmsnt 1.
<br />& Leaaehnldr; Cmdomhsimin Planted Uult Deveiopmenm Barrows, agrees to amply with the provisions of my lease if this dud of that is on Icauhold. If dus
<br />ded of trust is on a unit in a condominium or a plamed It development, Borrower will perform all of Borrower's duties under the coverams, by laws, or regulations of
<br />thc.domintum or planmsd wit develepment.
<br />9. Antbority of Linder to Perform for Rorrener. If Borrower fails to perform, any of Borrower's duties under this deed of trust, larder may perform the duties or
<br />cause them to be pufomted. Linder may sign Borrower's same or fury any amount if necessary fa permamove If my construction on the property is diseontinud or not
<br />earned on in a rmsonable manner, Lerda may do wbwtever is mosssery to protect Lender's security interest in de property. This may include completing the construction.
<br />Linda's failure to perform will not prelude Lander ft. exercising any of in other rights under the low m this dad of trust.
<br />Any amomts paid by Linda a protect Lmdu's security interest will be sauced by this deed of trust Such ave mo will be due m demand and will bear interest loom the
<br />data of the payment wet paid in fall at the interest me in effect on the severed debt.
<br />10. Default and Acesleradon. IfBorrowa fails to make any payment whm due or breaks my vovemnis motor this deed oftrood or any obligation secured by this dud of
<br />trust or my liner mortgage or deed of trust, Lander may mosbamte the maturity of the secured debt and demand immediate wymmt and may invoke the lover of sale and
<br />my other remedies permattd by applicable law.
<br />11. Requ el for Nodes ofDefsNt. It is hereby requested that copies ofNe notices of default and sale be sense each porsm who is a party hereto, at the address elision
<br />soh prison, as set fords boom
<br />12. Power of Sak. If the i.mdu invokes the power of sale, the Trustee shalt f t record in [he otfia of the register of deed of each county wherein the trust propmy or
<br />some pmt or parcel thereof is sivaoed a aorta of default amnhdng the iofor om. sequvW by law. no Tawas shall also mail cams of she notice of default to the
<br />Rmowm to each person who is a party hereto, and to other persons as prescribed by applicable law. Not leas data one mmff after the Trustee records the notice of default,
<br />or two months ifthe trust property, is not in my incorpora l city or vals, and is Lead in fanning Wemtima carted on by the hurter, the Tornme shall give public notice of
<br />ale to the pevsww and in the tamer prescribed by applicable law. Truster, withmt dernand ce Bort , shall sell the property at public auction to the highest bidder. If
<br />required by ffe Farm Homestead RWection Act,Trustee,ball offer the property intern separate sales as mgin,d by applicable law. Tradetraaypostponesalcofallorany
<br />pemel ofice property by public aunowcemrnt et the time and place ofmy previously schduld sale. lmdu m in desipna may lactase the property at my sale.
<br />Upon receipt of payment of the pace bid,'Imsee shall deliver to the porelmin'fmsm's dud vonvryiug day property. The recifials connind in Trusta'.s deed shell d
<br />prime tecie evaluative of are tenth of the statements contaiwd therein Tmstw shell apply the nevems of ale sale in the following ads: Ca) to all expanses of the sale,
<br />including, but not limited e,..life Trouse's fees, reasonable attomry's fees and minstatemm[ f s; (b) to all sums secured by this deed of wet, and (c) the balance, if
<br />any, to the persons family model to receive it
<br />13. Foreebdure At lender's option,ows deed ofwat may be fomclaedin the mawerprovidd by eppliceble hew fm foreclosure ofmmgeges unreel property.
<br />Id. Ia,mil a Lauder may ruler We prepared to '�n,.et it if Later gives Borrower notice befo,ehand. The notice must son the reasonable cause Y tcvder's
<br />m,seffi m.
<br />15. Condemnation. Borrower aseigvs to Linde, the proceds of my award or claim for damages mwated with a cmdmvafion m When eking of all or my pert of ffe
<br />property. Such proceeds will be,p1iadaaprov& din Cwwmnt 1. This assignment is subject tothetmruofawyprom seurity agseaused
<br />16. Welder. BY exeroising my remedy available to Linde, Lender does of give up any ngpts to late use any other remedy. By mt exercising any remedy open
<br />Borrower's defied, Leader does not waive my ngbt to later consider this sent a default if it happens again.
<br />17. Joint sad Several LIablRty; Co-d sears; Su sa.sore aad Asad a% Eound. All duties render this deed of trust are past and sever d Any Borrower who .signs this
<br />deed of trust but does not cosign the underlying debt inetrummts(s) does se only W good and convey that Borower's interest in the property to the Trusty order the terms
<br />of this deed ofwst. m addition, inch a Borrower agrees ffet the Linder and any other Rortower ante this dad of trust may extend modify or make any otwr changes in
<br />toss deans oftFda dud of wet m the saurd debt wiNom that Borrower's consent end wiolwul releasing tbat Borrower fiom ale terms ofthis dad of vast
<br />The duties and benefits of this deed of trust sball bird and benefit the seovesmrs and assigns of Linder and Bmosver
<br />18. Nofiea Unless Wbcwise rec marl by law, my notice to Borrower sball be given by delivering it or by mailing it by certified snail addressed to Borrower at the
<br />propee, address or my other address that Borrower has given to Lmdu. Borrower will give my notice in Lender by certified mail to Lender's address on page I of this
<br />dad ofvust m n anY other address, which Linda has desigatd. AnY oNer nofia m Larder shell be amt do Larder's address es stated m page 1 of ffis dad ofayst.
<br />Any notice shall be taint to have been given do Borrower m Lender warn given in the roamer sated above.
<br />19. Trmsfer ulMe Property or a Bmelkiel lntereat b the Ibrtawer. If alt or my part ofice properly m my interest in it is sold or tmnsferted without ffe Linda's
<br />prior wicial consent Larder may demand immediate payment ethhe secured debt. Linda va} also demand immediate payment tithe Bortowa is not a haw a, person end
<br />a bmeticial intern[ in the Borrower is sold ortmruferrd. However, Larder may not demand paymrn[ in the eWve situations if it is p,ohibitd by federel law as of ore tan
<br />of this deed of trust.
<br />20. Revvnveyexe. When the obligation seemed by this deed of trust has been paid, and Lender bas ne father obligation to make advances wrier the inetrvmmn or
<br />amor mts secured by this deed of trust, the Trustee shall, upon written request by the Leader, re rho ey the wet property. The Leder shell deliver to the Borrower, or to
<br />Borrower's successor in armed, the trust dead and the note or offer evidence ofthe obligation se satisfied. Borrower sball pay my recordation costs.
<br />21. Successor Trustee. Linder, ad Lender's optiw may rervove Trustee era appoint a suvicesso, nvsta by Cusl, mailing a copy of the substitution of mute as reryvd
<br />by applicable law, and ffet by filing the subsfitufion ofwstee for record in the office ofthe register ofdeeds of each worry in which ffe trurt property, m some pan
<br />thereof,issivated . The successor frusta, wabout.nveyanm ofthe property, shall succeed to all the fewer, duties, arMority and fide of tM Trades rained in the deed of
<br />trust ad oft, seecessar orate.
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