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COVENANTS 200300728
<br />1. Payments. Bon'ower agrees m make all puymeuts nn the secured debt Ishtar due. Uriew Boa'ow s rind Lender agree otherwise, any payments Leader battles from
<br />Bon e or far Burrower 'S benefit will be applied first m ony amours Bonnwer owes on the secured debt exrloor a of dotard or principal, we and to "'coca' and titer to
<br />principal. Iffalrod prepayment ofthe "mold debt oceans talent blown, it will not reduce a rwuce nay scheduled payment until the word debt is paid in flrll.
<br />2. Claims Agalust Title Borrower will pay all taxes, assessments, and other charges um buabic m the properly when due mad will defend tide to the pmPmy aga'usst
<br />any claims wM1ich would impair tiler lien of this deed u[ gust. Leader may require Bmrnwer m wand, nay rights, claims tit defenses which Bo al may have -In '
<br />partics who supply lahm or materials to improve or maintain the Property.
<br />3. Insurance. Borrower coal keep the property insured arsl tenor acceptable to Lender at Baaovill expense and far lender's benefit. All monstee policies shall
<br />ndude a aalmd moagage clause in fevoro[ Lender. Lender will be caned as loss payee or as the insured be any such insurance policy Any indenowe pmoeeds nay be
<br />applied, within Lcndei s discretion, to either the teslomtor or repair of the It aged propeny or to the sewed debt. If Lender baponss mmgage ireumnee, Borrower
<br />agrees to maintain such insurance lot as Ian €. as Leader requires.
<br />4. Property, Bor-ot will keep the prpetly in good cendldon and make all mpai I, reasonably noncion,
<br />5. Expcove, Reawer agrees se pay all Lenders expenses, including ows. -ble attorneys fees, if Rormwer breaks day co emits is this deed of treat or in any
<br />obligation see aced by this deed of must, Bull eelll pay these amount ro Lender as provided In Coleco-, 9 of this deed of ems[.
<br />6. Prior Security Interests. Iloleas Bmmwa first cantos I.eudar's wdnen costa, Borrower will not make or permit any changes to any prior saurity interests.
<br />Borrower will perform rill effool, sahligations under any prior tonnage, deed of nest or utler sanity agreaaam, including Bonawa's covenants or make Insurers
<br />when due.
<br />9. Assignment of Rents and Profits. Boraowerassigns w Lender the ems and pinfit of dm prnpaty. Udese tlonuwnr and lender have agreed edtawise in writing,
<br />Bonnwer may cattle, and in the rent as lung as Bonnwer is not in default If Bonnwer dctault, Lende; lender's agent, or a coal appointed reeclear may take
<br />possession and manage the property and collect the rents. Any reas Lender collects shell be applied first to the costs of managing the property, including or. cows land
<br />attorneys' fees, commissions to rental agents, and any other nacssary related expanses. The resonant, amount of rents will then apply to payments on the saved debt as
<br />provided in Covenant I.
<br />S. Leaseholds; Condominiums; Planned Unit Devalapntent. Bonnwer agtecs to comply with mheprswor is of any lease if this deed of trust is un Iaeseholrl Ifors
<br />deed of trust is on a unit in a condominium or a planned unit deco laqual Borrower will per term all of Bonowars duties umdcf the covemuts, by laws, or rcgulnhuns of
<br />the condominium or plumed unit development
<br />9. Autlmrity of Leader to Perform for Borrower_ If Borrower fails to bLama, any of Boreal a duties under this deed of nest, Lender awy perfumer the duties or
<br />cause them to be performed. Lenda'only sign Bonrower's name nr pay any amount if neresmry for parfmtnanca If any combination on the property in dormarued or oat
<br />soared on in a reasonable mmmner, Loader may do whatever is necessary to pmme[ Lender's saumy tutees, in the property. T1ds ony include completing the oamwetima_
<br />Lender's failure to perform will not preclude Lender from eseiclshg any of its other right miler he law or this decd ofmuit.
<br />Any amounts paid by Isader to proacr Lender's steamy interest will be secured by this deed of most Such amounts will be due on demand and will bear interest from the
<br />dale ofthe payment mail paid in fill at the in,emb, to in effect an till well debt.
<br />lo. Default and Acceleration. If Bonnwer tails to make any payment when due or breaks try covenams under this laced of hull army obligation secured by this deed of
<br />Last or any prior momgage, or deed of trust Lender may accelerate We mahrimy of the secmrnd debt and demand immelula paylncm end may invoke the power of sale and
<br />any other mums ies pcomold by applicable law.
<br />11. Request for Notice of Dc6mlt. It is hereby requested that topics of the notices of default and sale be sent m each Be... who is a party all at the address of each
<br />such person, as sat faith herein.
<br />11. Power of Sale. If the Leads, invokes the power of salt, the nestle shall first record is the ott ee of the rogistar of deeds of each county wherein the cost prnpetry or
<br />some pun m - I tho,cof is siocal a i of defiall cancron, the internal ellaried by law The Trustee shall ll is I copies of the nambe of default to the
<br />Bonnwer, to Inch Who - party heace., and ad other persons as Plabibed by applicable In, Net ill, th one morph sit. fial Trustee metal the ands, of default,
<br />or two months ifthe test property is out ' to any lacespearrood city m rill tral ' ued in patients operations ed on by the ws[m the Trustee shall give public notice of
<br />sale to the p ars,,rl a ad at the manner p ,ISc.b,d by applicable law. Times, wuhom demand on B tower shell sGl the popery at nuhlie auction to th li glrest t ilde'- If
<br />squiredbythe From Homestead Protection Act, 11uwcc Shull aflkr thepropenymtwoscpeetesales ns q aired byapplicablclaw . 'Rv ue may postpone sale -fell ortry
<br />parcel efol propeny by public announeernem ouhenma and place ofany previously scheduled sale. Leodcr or ue lest &sae nay pmvhase the property at nary sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver m the purchaser Tustee's deed aonveyiog the properly The Imitials contained in Teasel deed shall be
<br />prima fare cvidience oC the innF of the satemcnt conained tlmtein. Tmsme shall apply the pluuneds of the sale in the following cadet (a) ro all expenses of the ss",
<br />including, but not Inamcd to, reasoable Trustee's fees, reasonable stlomey's fen sad rxrnstatmeare fees; (b) to all "cons secured by this deed of dart, and fo) the halanco, it
<br />any, to the persoms legal ly emitted to receivc a.
<br />13. Fore classic. At Lendorsoption, dos deed ofuua may be forcelosed in lhemoonerprnvided by applicable lawfor kteclowm of mortgages on real propeny
<br />14. lnspeellon. Lender may "Iter,he propeny to rot it if Lender gives Bormwet' notice beforehand. The notice most since the reasonable cause for Lender's
<br />nspectur
<br />15. Condemnation. Borower uo,po to Lender the proceeds of any uwnrd or dill, fir damages summered with a condemnation or other tatdng of all at any part of the
<br />property. Such proceeds will be applied as provided in Covenant I. This assignment is subjea to the loons of any 111-1 Security agreement
<br />16. Wilbert. By exeroising any remedy available to Leader, Lender does at give up any dghms m later use any other rarely. By not exercising any rwnedy upon
<br />Borrower's default, Leader does not waive any tight to later consider the event a default if it happens ugnin_
<br />17. Joint tad Several Liability; Co-signers; Stater ssars band Assigon Bound. All duties under this deed ofirest ate join[ and several Any Borrower who co4get San
<br />dead of cost bar does not co -sign the orde1yl rig debt insmementsk) does so only to go tit and convey that Borrower's interest i n the property to the I restee under the turns
<br />of this deed of oust. In addition, such a Borrower agrees that the Lender and any other But awer all this deed of [rust may extend, modify or make any other changes in
<br />the terms of lads drat ofbust or the secured debt W under that Borrower's consent and without telemsa, that Burrower from the terns of this deed offal
<br />I duties bard bete d, if deed of revs[ shall bind and benefit the successors and assigns of Lander and [w r bvein
<br />18, Notice. U lase otherwise led by Law, troy bible to Dural shall be ver, by d Peering l or by ocular, It by ratified mail addressed to Bt rawer at Be
<br />property allots It s y allies address that Borrower has 'j... to 1. coal BonoWell will g y notice to 1. order by certified mail to Lenders address on page I of Bus
<br />deed nforest, or to uny other address, wblch Leader has designated. Anyahenmaae m Lender Shall be sent to Larder's address as ward on page l ofths deed offal
<br />Any nonce shall be droned to have been given to Borrower or Lender when given in the bell stated above
<br />lY l ransfer of the Proper by or a Beneficial Interest i the Barreiro. Ifall or any pad of thepovty or -ay Intel I. r's'old or - [rotated without the Lenders
<br />prior wrinen consent bell ray danwal annotate doomen, of the' 'ddebt. Letde -nay also dens ad mancedul, pri,aacto iffir B tmwcr is not d amml pzrson and
<br />a beneficial intaast', the BoinwIf is sold or aansty, mil However Leader may not demand payment an he above situations If rat pmhilfil by federal law IS of rile date
<br />of this deed of must.
<br />20. Belo y e. When III, obligation warned by this deed oft .r I been pad and Lester -1 fiber obligation to make rawries, laraim the instruments or
<br />a,coubous sel the deed stairs, the Testa shall upon warterilrojoest by the 1 coder, reconvoythe malarial The Leader shall delivered the Bonnweq or d
<br />Borrowerssuccessor or Intense, the must cost and he are or the, evidence of Ill obligation so satisfied. Borowershall pay any meardaticancosts.
<br />21. Successor ' frustor. Lendy,atleaders usual, may remove Tmsmerid appoint acolossal nustee by first nailingacopy fthe soloodtionoftmwee as required
<br />by applicable law, and then, by filing the submTnumb of aisles to ..to in Om off",af the raginmr of deId, create county in Which 'he Lust propeny, m soaeperl
<br />[hareef,asicaued. The sueressortmsme, without conveyna, ofthe property- shall succeed to all the fewer duto,,authority and title uftlro Tinwee named in NC deed of
<br />trust and of any success -r [N9ree.
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