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200302032
<br />COVENANTS
<br />1. Payments. Borrower agrees to nmke all paYnents an the scoured door when due. Unless Borrow, and Lender agree otherwise, any payments Lender receives brain
<br />Borrowers or for Borrower's benefit will be applied first many mercury Rorewer owes on theweurW debt exclusive of mued,t or principal, accord to inlet ..., and then to
<br />principal. dim lal prepayment .(the secured debt recurs for any reason, it will ran reduce or excuse toy "Ised's I of Ivyol onto III e..caroil debt is paid re full.
<br />2. Claims Against Title. Borrower will pay all hoes, assessmenN, and other charges combinable to the property when due and will defend title to the poll against
<br />any claims which would Impair the her of this deed of east. Lender may eequi a Rmmwer to sign any rights, claims ear defenses which Rol ower ray have aypinn
<br />parties who supply labor or materials to improve or maintain the property.
<br />3. 1 ... insists Borrow, will keep the property insured under Leona acceptable m Leader at Bonower', expense and he Leuder's benefit All India once p.liries shall
<br />iredudev elmednrd mortgage clause in favor attend,- Lender will be named as loss payee oras the insured on any such insurance policy. Anyinsumnccprocccdsmaybc
<br />applied, within Lend, s discretion !e either Ne nsm.aion o
<br />epra Blonder requi es mrlgpge rsumnce, Balmwer
<br />agrees to maintain such insurance for as long as Lender ,apathy.
<br />4. Property. Rhymester wink p the property in good enable r and makeall sepulm.easowbly n ces y
<br />5. ¢xpcnaa. 6onuw .,is- to pay all Larder s expe ssrs rudiff ... r No more,,' to,, 'f R n er break, cry reverent, . . tl , dad rd (nor or
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<br />obhotm ar ccured by this deed of told( Remove, will pay there amounts to Laudes,paddedinC -larmn 9 of Nrs deed ufhml.
<br />fi. Prior Seadty Inte L. enters Borrow,. -first this I d.', wrinen - t sr, Rho wer will of rake . p. 1 - v dianges l y prior'ecu ry interests.
<br />Borrower will perform all of Borrower's obligations antler any prior mortgage, deed of duel or other security agreement, including Borrowers covenants to make pay mans
<br />when due.
<br />7. Assignment of Rents and Profits. Borrower assigns to Lender the rents and profits of the property. L rhys Borrower and Lender haw ep'cal otherwise in winter.
<br />Borrower may collect and retain the rents as long as Borrower is not in default. If Borrower defaults, Leader. Lenders agent, or a .ern ann anned receiver may lake
<br />,novesvinn and manage the fmper and collect the rents- Any rents Lender relieve shall be applied first to the earls the property, including court costs and
<br />attorneys Res, o learl"irrd w rental el and any other avo worry related exprnses. I he remaining amount of rents will than apply to payments on the scoured debt as
<br />provided in Covenant 1.
<br />8. Leaseholds; Condominiums; Plagued Unit Devellgarro s, Bmwvv,, agras to comply with the provisions of any lease if this deed of trust is in U.—hold. If this
<br />deed of oust is on a unit in a condominium or a planned unit development Brun wsla will perform all of Ro suer', duties nadir Ile mrnents. by laws, or rcgulio e y, of
<br />the condomm ern or flamed unit development
<br />9. Authority of Lender to Perform for Borrowed If Ron.,,, Nils It porRmn, any of Remover, duties wrier this deed of trust 1-eider may perform the duties or
<br />se them to be performed- Lender cony sign Bonuwer's name or pay any amount if necessary for performance It construction on the propety is discontinued re nor
<br />camed on In i s te,owble manner. Lender may do whatever is necessary to protect Leader a security interest in the propcny- This may include completing the I..mv.ctime
<br />Lender s L do re to josh— will not preclude 1 ender form sr.—rug w, oGls ulhe, rights under the law or this deed of rum.
<br />Any amounts paid by Lender to protect Leader's secudry interest wilt he seemed by this deed of trust Sach m.evuts will be due on demand and will bear interest I m the
<br />date of the payment until Ireid its Poll at the inmmat .ate In effort ou the sewed debt-
<br />10. Default and Acceleration. If Borrower fails teak, any Payment when due orb,,J, airy.- clownsorder this deed ofdust or any obligation sm tried by this deed of
<br />east or any me. mongpge or deed of nrrcq I ender may acedame We nmwnty of Ilse secured debt and demand immediate payment and may invoke the fewer of sale and
<br />are other covers, permitted by applicable use
<br />11. Regienf., so fire of DeLndt. Ill, hereby raluested del repo,, ufthc notices' or default and sale be sent to each person who is a party hereto, at the address of
<br />each pers....... forth herein.
<br />12. Power of.Saii,Ifthelznd,, invokes the power of safe, the Trustee shelf first rccord in the office of register tfdeeds of each county wherein tie cost property or
<br />m pan or pamel thereof ra aideced ...five of default containing the information reamed by law. The Trustee shell also .nail .pie: of the notice of default to the
<br />Borrower, to each person who is a parry hereto. and to other persons a, pr,mrbud by applicable law. star tnsdll .one month Ill,, the 'DVame rccord, the notcc ofdetfault
<br />or months if thd tri proper is not in any incamomtood city so village Lied 6 used in farming opernvons gamed on by the -use, the Trance shall give public ondce of
<br />axle to the peamns did in lire manner prescribed by applienble law. 'fester, wuh m, demand on Bonower, shall sell the fool at public auction to the highest bidder If
<br />rcquired by the Farm Homestead To... film Act, Travel, shall trots, 11 ..raper in two spomle sales es requited by applicable law. Trustee may postpone rate .fah or airy
<br />parcel othhe pmpe.ty hypablii re— socemem al the tine and pleie of any previously scheduled late. Lender or its decimste may purchase the p.uperty at any sale.
<br />Upon receipt of paying t of the price bid Trustee hall deliver to the purdmser Trustee's deed aonvcyrag the properly The ,genial, ermamc l in Trustee's deed shall be
<br />forma facie e,.dlepce of the frude of tire swtemenb con amed ohcrcin. Tmsmr shall apply the proceeds of the sale in the following order (a) to all expenses of the sale,
<br />including, but not limited to, reasonable Trustee s fees, reasonable abroad, v f sand onshtcoul fm; (h) w all Alms secured by this dad orlost, and (c) the hnlauce, if
<br />any, to the no ... a, legally c elided to receive it
<br />13. Foreclosure. At Lender's opt ion, this deed oftoo, may he[btorlosed its (Ire Wanner provided byapplieabtc law for foreclosure of enngood, rat real property.
<br />10. Inspection. Lender may enter the property to inspect it if Lender gives Rormwer retire bofo eul.and- The notice must state the reasonable cause for tench's
<br />inspection.
<br />15. Croadernaelian.Borewc, resigns to Lead,,heproceed,of any award or claim far dwuagesc„nnecred with . condemnation or other his .fall onwy on of(ise
<br />proper- Such interests will he applied as provided in Covered I. This assignment is sub)m to the terns of may moorsen.n'ty ag.rzmua.
<br />16. waiver. By exercising any remedy available to leads,, Lender dies .rat give up any rights to later use any other remedy. By not exorcising am- .ernedy upon
<br />Borrower's default, Lender does not waive any right to later comlder the evert. default if happens again.
<br />17. Joint and Several Liability; Co- signers; Snecesmr, and Assign Bound. All duties under this decd of trust ere lmr, and sweet Any Renown who ensign, this
<br />deed armed but does not cosign lire wdedying debt inAmmaind s) does so only to gem and convey that Bonower's inle.ul in de activity to the I ri under the terns
<br />of this deed f t a. In account, such a Borrowers ages that the Leader d air, other BalLyCl uia1a me deed of treat a ,tend, d'ty or make II -I tngev In
<br />the over, of this deed iftrest or the secuM debt without that Br La...In and without erasing that Renewer form the le- 1, of this Test of trust.
<br />The Julies and benefits of this decd of door shall bind and benefit the sa —essm. and as,igo, of Lender end Ronmver.
<br />18. Nmiee. haters abeowise required by law, cop- notice to Borrower shall be give,, by delivering it or by mailing it by oertlfied mail addressed to Bonowti at the
<br />pmpeny addroa or any other address that Bonower has given to Lender. Bonower will give wry amble 1. Lcndcr by c,mficd moil a Leaders address .a page I of
<br />deed of di or to any other address, which Lender has d,sig,nated Aev other nuliceW Leader shall be son to Lender 'sadd,,, as staled ... yaec l afthia deed of test
<br />Any native shall be deemed to have been gia 7, to Borrower or Lead, when given in the Henan shied above.
<br />19. Transfer of the Properly or a Ber e0ual Interest in the Borrower. If all or any Pan oflhe pepeny or con interest in it is sold or tlansferred withoul the I later's
<br />poor woof en ...enq Lender may demand immediate naymmn .fine - clledLich( Lender, may also demand immediate payment ifthe Bon owe, l s ram o nawml person and
<br />a beneficial interest in the Borrower is sold or transfened. However - Lender 'tiny not demand payment tothe above silutirl [fit is p.ahitiled by Led ere, law a, of the date
<br />ofthis deed rr vusl-
<br />20. Reconveyanee_ When the obligation serried by this decd oftmst has been paid, and Lander has rte brother .1d,l thin to frekc .dlial under the murex rte ,I
<br />ngeeer ... Is locust by this decd at must. he Trustee shall, on.,, wrinen request by lie Lender, reconve-v the test property The Leader shall deliver w the Bwnewer, or w
<br />Borrower 'a successor in interest, the ten deed aid the true orolher evidence tribe obligaton ao satisfied- Borrwer 11,111 pq- any re.nialion cat,.
<br />21. Successor 'I ounce. Loader, at Lender's option, may crnove Tenor oath rot lasucecssommore by firoL mailing ac.,, ofhe sobstinnion of dmtce as rwui.cd
<br />by applicable law, and then, by fling the o l nor ofwsore for rccord in the office of the register tfdeeds ofeach snugly in ,o,11 the trust ry'opmy, or some ran
<br />thereof, is rotated. The successor trustee without conveyance ofthe property, ell sac 'd (it all list Ill done'.authooly and title of I he Tnmee ..... red in tic dart of
<br />east and many .seacool or trustee.
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