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COVENANTS 200302080
<br />1. Payments. Be,,.,, agrees to make all playrooms on the secured debt what due Unless Borrower and Leader agree otherwrse, any paymera Lender m,ar,cs from
<br />Borrower or for Boreower's benefit will be applied first to any amounts Borrower owes on the secured debt exclusive of interest orpdndpal, second to immusse and that to
<br />principal If'p rri al prepayment of the secured debt occurs for any reason, it will not reduce or excuse any scheduled pay,nent until the secured debt is paid in toII
<br />2. Claims Against Title. Borrower will pay all taxes, assessments, and other charges attributable to the property when due and will defend title to the properly against
<br />avy claims which would impair the lien of this dead of burst Leader may require Be., a, to assign any lights, chino or defenses which Bmmwer may have against
<br />parties who supply labor or materials to improve or maintain the property.
<br />3. lnmormre Borrower will keep the p',,any insured under tells acceptable to Lender at Borrower's expense end for Lender'a benefit All Insurance policies shall
<br />Include a acomd mortgage chow, in favor of Lender Lender will be ommed as loss payee or as the Insmd on any Bach insurance policy_ Any insurance proceeds may be
<br />applied, within Lender's discretion, to either the redoortme, or repair arms damaged property or to the suurad debt. If Lender parody martgrge Ir dance, Bonower
<br />agrees to malmain such Insurance for as long as Leader macros .
<br />q. Property. Borrow,, will keep the property in good condition and make all repairs feaamemly nmessar,
<br />5. Expenses. Bmmwer agme, to pay all Lender's expenses, including reasonable alleneys' fees, if Borrower breaks any coverunta in this deed of min or in any
<br />obligation secured by this deed efnust Borrower will pay these amounts to foulards provided in Covenant 9 of this deed attract
<br />6. Prior Security Interests. Unless Borrower firs( obtains Lender's wriaer contest, Borrower will not make or permit any changes to any prior secun y anectss_
<br />Burrower will perform all of Borowe's obligations under any prior mortgage deed cftmst or other security empor an, including Borrowers covenants to make polians
<br />when due.
<br />]. Anignmentof Rents and ProNs. Borrower ensigns to Lender bh, roars and profits of the property Unless Borrower and I<nder Ieve agreed otherwise In writing,
<br />Borrower may collect and began the reins as long an Bmmwer is rot in default If Bonrwv, defaults, lender'. Lenders agent, or a court appoimd receiver may take
<br />possession and manage the property and alter, the tunny- Are rents Lender collects shall be ppfed f t to the .t of the property, - including card costs and
<br />attorneys reade commissions to rental age rtes and any other necessary latd -papers. l l remaining amount of banns will their apply to payment, she tect red rich, as
<br />provided an Caveman, I
<br />S. Leaseholds; Condominiums; Planned Unit Dovelopmems. Bonower agrees to comply with the provisions of any tees, if Nia deed of aver is on he... held. If Nis
<br />decd of,mat is on a unit in a condominium or o planned unit dwelopmwrt, Burrower will pa{omn all of Borrower's duties under The covenants, by loss, or variations of
<br />the prndominthm or planned merit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower Lila to perform, any of Bonower', duties maid,, this deed of trust, Lender may perfomt Ns, duties o
<br />dude than to be performyal, Leader new a, Boanwds name or pay any amount If necessary lbr perfonrenc,. If any production on he property as dasconunued or not
<br />could on in a reasonable manner, Lender may do whatever is are easa, to protml Lender's security interest in the property This may include completing the cenmaction.
<br />Lendds Gabon, to perform will not preclude Lender firm varewing any of its other rights under the law or this decd ofmust.
<br />Any amounts paid by Lender to protect Lender's security interest will be seemed by this deed of tors,. Such amomns .111 he due oa demand and wi11 bear increm from the
<br />date of the payment mail to in full at the laid...( ,to an effort on the secured debt
<br />lo. Default and ACncimation. if Borrower fails to make any payment when due a breaks any revaca, a. maNis deed A,,a t or more obligation secured by do, food of
<br />aver or any prior mortgage ,, deed of cost Lender may accelerate the maturity of the secured debt and danand immediate payment and may invoke the power of and
<br />any other, nobdies permitted by applicable law.
<br />11. Request for Noticeof Default It is hereby requested that copies of the notices of default and sale be sent it) each person wha n a patty halo, at the address of etoh
<br />such person, as set fmM herein
<br />12. Power of Sale. If the Lender merges the power of sale the Trustee shall first record in hire office of the register of deeds of each county wherein the tmsr property o'
<br />me part or parcel thereof as siae4d a notice of default co rchnn g the aafommton required by law. The Tutee shall also mall copies of the notice of deautt ro the
<br />Be.,,, to each person who is a party bond., and m other farmers as prescribed by applicable law. Not less than one month after the 'I msrw records the notice ofdefault,
<br />on two months if the boat property is not in any incorporated eery,a vlPK d'. ad funding malitimis earrldot be the truse, th Trustee h lly v e pub] it notice (if
<br />sale to the per sons per and in the local protected by ppf ble law, Trusts, called den d on Boardavera :hIl sell th property at public ti to the highest bi Iter.If
<br />required by the Farm Homestead Protection Act, Taste, shall liff"dupardlyfly mrsea .are sales as nquied by applicable law. 'ffnsteecry postpone. ale of all a any
<br />parcelofthe property by public aamacanert at die fail and love far, presioosty aehduld sate Lender or its designee may purchase the property at any sale.
<br />Upon receipt of payment of the pace bad, Troaee shalt deliver to the purchaser Trustee's deal conveying the property. The cereals contained in Trustee s deed shall be
<br />prima facie ev'd'en e of the both of the t t I s contained thereon. Trustee hall apply the proceeds of he 1 the lulawar, older -. (,) (,, all p if the sale,
<br />including but not limited to, reasonable Trustee" fees, mal—able snob y, fees wail ramerawoct fees (b)t all sons secured bythis dal of first and (c) the balance if
<br />any, to the persons legally entitled to receive it.
<br />13. Foreclosure. At Lendtax option, this dead oftrun coy be foreclosed in the mannaprovided by applicable law for foreclosure offinongeges on real properly.
<br />14. Inspection. Lends may amen fit, property to inspect it if Lender gives Borrower notice beforehand The ner,, must state the reasonable cause for Lenda2
<br />inspection.
<br />15. Condemnation Borrower assigns to Leader the peceds of any award at claim for damages connectd with a condemnation or other awing of ill so any pan of
<br />property. Such proceeds will be applied as provided in Covenant 1. This assignment is subject m the tears of any prior security agreement
<br />16. Waiver. By exercising any remedy available to Lender, tendea does not give rip any rights to later rue ally other rolledy. By not exorcising any comedy upon
<br />Borrower's default tender does not waive any eight to later consider the event u default if it happens again_
<br />17. Joint and Several Liability; Co- signers, Surcourn and Assigns 9omnd. All duties under thi.deal oftrust am joint and several Any Bonowerwho cosigns this
<br />deed of trust bat does not co -sign the underlying debt inaaumenbs(s) does so only to grant and convey that Borrowers interest in the pmpeny to the Trustee undo the cons
<br />of this deed of cost In addition, such a Bonower agrees that the Lender and any other Burrower under this deed of cost army extord modify or nmke any ethic changes in
<br />the teens ofthil deed ofrost or the second debt without that Borrowers present and without deasing that Burrower from the terns of this decd of cost
<br />The duties and better', of his decd of must shalt bind and benefit the successors and assign of Lender and Borrower.
<br />18. Notice. Unless other,, ise iequid by law, any notice to Bon ower shall be given by delivering it or by flaiiiii, it by c rt'f d "ad addressed , Believe, an the
<br />property address or any other address that Borrower has given to Lender Borrower will gis v any notice to Leader by rim, Fred aral , I irder , add,,,, p e of This
<br />deed of trust, or to any other adchow, which Lanka has d.'gnad. Any other notice to Lender shall be ,at to Ledxs address as stated oil page( of ths Ned of cat.
<br />Any notice shall be deemed to have beer given to Bonoweror Lender when given in the partner stated above
<br />19. Transfer of the Property or a Beneficial Interest in the Barrmver. If all or any pan of the properly or any interest 1 a it is sold or transferred without the Larder's
<br />,--a atter, counifla. Leader may demand immediate pion"T ofthe scud debt Larder may also demand immediate payment I I the Beat fewer b not a hatured I and
<br />Beneficial interest I, the Boma - is sold or transferred However, Lender teas not demodpymanGn the above situations if it . proMbad by federal law as of the date
<br />of this deed of trust
<br />20. Recooveyauce. When the obligation soared by this deed of treat has been paid, and Lender has no further obligation to make advances under the rush ments or
<br />agreements secured by this deed of trust the Tmates shalt upon woman request by the Londe , aoonvey the bast p open, The Lend,, atoll diesel te the Reappear_ to m
<br />Bonowa'a successor m interest, the must deed and the note or the, .video,, of the obligation so satisfied . Bmmwa shall pay any retardation coo_
<br />21. Successor Trustee. Under at Lender's option may remove Tracted and appoint a successor trustee by first, nailing a copy of the substitution of trustee as myuid
<br />by applicable law, and then, by filing the substitution of trustee fin record in the office of the register of deed, of each cmucry an which the trust pmpeny, or some pan
<br />thereof, is situated The aoeeeawm oust,,, ethout,onveyarle of the property, shall succeed to all the power, dudes. authority and he of th,Twtee nand in the deed of
<br />asst and of any successor costae.
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