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COVENANTS 200300868 1. Payments. Borrowee agrees in make all payments on The weso l debt when due Unless Borrower and founder agree othe vise, any paymems Lender moves them Borrower nr for Borrower s bmdfl will be applied for to any amounts Bonvwer owes un the semrmd debt exclusive of interest or primejp d. second to interest, and then to principal. If partial prepayment of the secured debt occurs for mry rva"m it will not o deve or excuse any olayho di paymentuntil the seeurM debt is paid in fall. 2. Claims Against Title. Bortowcr will pay all taxis, ... visionally, and other charge, mouldable to the prop..ry when due and will defend title to thepmpnry against any claims which wuWd impair the lien of this decd of (met fender may require Bm,ower to assign any rights, claims or defense. which Borrower may have against parties who supply labor cr materials le Improve national the property. R Insuraned. Borrower will keep the property insuml under loans nccepmble to Lender at Bortowcr s cxpcnse and for Leader `s benefit All Issuance policies shall nclude a standard mortgage Tlause in favor of Lender Lender will be named as loss payee at as the Insured nn any such Insurance policy. Any insunuae proceeds may be applied, within Lender's discretion, In Hither the anranon or repair of the damaged property or o die ,Lyovri debt if Lander requires mortgage insurance, Borrower agrees to maintain such inm.me !eras long as Lender byroads 4. Property. Borrower will keep the property in good condition and make all repairs reasonably neaesap 5. Expenses. Borrower li ' in V y Ill L end"" expenses, ire lad K I - ..unable iltharnews f es, if Foralwan breaks any covenants in this decd of trust or in any obligation scoured by this decd oftmst. &rrowe will pay these amounts to Lender as precision in Covenant I tllris deed oftmst 6. Prior Security Interests. Unles Borrower first mains Landers written contest, Bonvwer will not make or permit any changes to any prior security interests, Borrower will perYmm all of Borrower's obligation, metier any prior m...magc deed of mmst or other security ag do eat, including Borrowers oovenants to make pa)nnents when due. 7. Awigprnmtof Rents sad sloths. Borrow.. assign to Lender the rents and profit atlhe progeny. Unless Bmmwcr and Lord,, base agreed nther,i,e in writing, Borrower They collect and retain the rents as long as Bortowcr rs rim in default. If Rnnower. defaults, Lender, Lenders agents or a court appointed receive' nay take posseselon and manage the prapyst, and celect the tans_ Any rent, Lcndcr collects shall be applied Fast to the casts of mataging the property, including court costs and anomrys' fees, commisorty to real resets_ and mry other ease wsary sedated expenses. The remmmng amount ofamds will then apply to payments on the secured debt us provided in Covenant I_ 8. Leaseholds, Condomlalums; Planned final Developments. Filer wsei agrees to comply with the incomes ofany lease if this deed Timor is on leasehold. If this deed of firl is on a unit to a enndurmium or a planned unit development Bar lever will pednnn all of Borrowers duties medcr the covenant., by laws, oe regnletions of the emotional. or planned unit development. Y. Authoriq of Lcuder to Perfefm far Borrower. It Bob,, or fails to per V nn, wry of be o w is duties under this deed of trust Lender may perform the duties or ace them m be performed . Lender may sign BOnower'sname(a pay any amount if necessary 6r performance . its,, construction nn the pmpery is discontinued or not eroded on in a reasonable mourned, Landes' may do whatever, is n-wony IT protect Larch's security interest in the property. This may include coanpleting the construction. Lender's failure to perform will not preclude Lender final .....sing any otit, other rights under the law or this deed of tm,L Any amounts paid by Lender ,, must Lenders security intamt will be sec used by this deal of trust Such moon ohs will he due on demamd and will bear interest from the date ofhe paymem until paid in full at the interest rate in d@et on die scoured daM_ 10. Default and Acceleration. If Bonvwer fails to neake any payment when due or breaks any covenants under this deed of trust of any obligation secured by this deed of trust or any prior mortgage or deed oftmst, Lender rimy aa, short, die mamdty of the scoured debt and demand immcdiute payment and rosy invoke the power of sale and any other remedies per ated by m,licuhlc law_ 11. Regaest nor Notice of Default. It is hereby requested bare Topics of the notices of default and sale be sent to each person who is a party hereto, at (lie address of each such person, as sea forth herein 12. Power of SOL. If the l ender invokes the power ofsale. the Ir.,I,, hall It.(I -ad in the office of the re, ore, of deeds of each county wherein the tryst progeny or rte our ,,'T Hereof is sinmtnl a ..mice of default containing the information squired by law_ The Tmelr, shall alert mail ..pies of the notice of default to the Roman, m each person who ex it any heron, Tad To eda. Vers.T, as us,co l by applicable law. Not I..than one month uder We Tmslee yer,ds fhe.mice of mucaull or two metals if the Most pmpery is not in any incorporated city or village and is used in farming operations corned on by the muster, the Trustee shall give public police of sale to the persons and in themaalalr prescribed by applicaMc law_ Times , without demand on Borrower, ,[all] sell the pmpery at puhlis auction To the highest bidder. If required by the Farm I homestead Protcedon Act,'I ..lee stall ogler do pmpery in two,epreate sales as r yujred by applicable law. 'I natee may postpone role of all of any ,areal of the property by publicannnuncemrnt at time and place of any ice. mnJy scheduled sale. Lender or its designee may purchase the property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the por,husm Trustee's deed convevil" the property. The recitials contained in Trustee's deed shall be prime than, evidience ,1 111, loath of the statements contained [heroin familiar shall apply the proceeds of the sale In the bellowing LMer ' (a) to all expenses of the sale, including, hot not limimd to, ner sealable T.Isol a's fees, I owilabe moneys fee and reinstatement his: @) To all sums seeuml by this dad of trust, and fe) the balance, if any, to the persons Legal ly wtitlal to receivc it. 13. Fareelosnre AtLender's option, this deed of«u,r rnuy be fmulosed lu the enansel ,.,,d,d by applicable law for foreclosure of mortgages on rml progeny. 14. Inspection. Lender may enter the Toopeoe to iV,voo it it Lender' gives Borrows' nonce isco Viand. the note, most sate the Iasonahle cause for Lendds inspection 15. Condemnation. Borrower assign, to Lender Wu proceds of any award nr claim far damages connected with a maharani or dhs aking of all or any pan of the property. Suchpromeds will be applied as provided in Covenant L this assignment is subject to the let ns of any poor security movement. 16. Waiver. By exercising any rancdy Volatile to Linder Lender does not give up any rights to later use any other remedy. By not exercising any lonely upon Borrower's def tch, Lender does not waive any right in later consider the weal a defnall if it happens again. 17. joint a ad Several Liability; Co-signers; Successors and Assign, BouldL All ]all, uMer, this deed oftmst are joint and smcrdl. Any Borrower whoa ,,a, this deed oftmst but does mud --sign the underlying debt insnmmcutsfs) does 1. only to grml and convey Ihal Borrower's interest in the pmpery to the Trustee under the terns of this deed of nmst. In addition, such a Borrower ogres (hell the Lenderand any mho Borrower under this decd of tust ay extend, modify or make any other changes in the leans ,fill, deed oftmst ,, the secured debt vomm, that Bortowcr'. wnseoIand without releasing that Romrwer four the terms ofthis deed of past The duties and benefits of dins decd of tryst shall and and benefit the sit «,sors and asdgns of Lender and Borrower 18. Notice. Unless otherwise required by law, any notice to Borrower shall be given by delocne, it or by .railing it by ,NFled ,nail addressed m Bnrnwa at the property address or any other addles that borrower has given In Leader. Benewa will give any notice to Lender by certified mail to Lenders address on page I of this deed of trust or to mry other address which Lender has designated, Any other notice to Larder shall be senuo Lender's added,, as sated on page I of this deed of trust. Any nuke shall be deemed to have bear given to Borrower or Lender when gven in the maorer stood] above. 19. Transfer of the Property or a Beneficial Interest in the Barrawer Ifs ll m any p.I, if 'he liberty or any interest in it is sold or trarafcned without the Lender's prior written consent, Larder may demand immediate payment of the ... rhd debt. Latden na y also ddn and tmmedim,,uymentifthe rhrmwa is nor a namal person and a beneficial bacrest in the Borrower is or t onsfened However, limder may not demand flatulent n the above situations if it is pselribited by ficb ml law as of the date of obis deed of bas. 20. Reconveysaee. When the obligation secmdd by dais deed of trust ha, been paid and Larder has no Nrrhcr obligation to make advances not the instruments or .succulents semuM by hits deed of trust, the Trustee shall, upon written squest by die Lends, Iueonvey the mast property. The Leader shall deliver to the Borrower, or m Borrower s sucuessel in imams the it deed and the note or other evidence of the obligation so sun died. Burrower shall pay mry condition cosh,. 21. Sneeeasor, Trnsree. I sndeq at I drch,T many., may ... evil, ITom, and appoint asuae. set mstee by first out I ing a copy of the substitution of trustee as rtyuired by applicable law, and then, by filing tine substation of Claude for record in the office of the register' of grads of each county in which lire trust pmpery, or come pan thereof, is switched. The sucestsor ounces a duct conveyance ofDeeprupuI,, shall sacceed to all lla,i ,,duties, authority and tide of the I mttec named in the dml of trust and of mry mccessca truax.