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COVENANTS 200302531
<br />I. Payments. Borrower agrees to make all payments on the secured debt when due Unless Bunuwer and launder agree otherwise, any...nmes Lender receives foun
<br />Borrower or for Borrower's benefit will he ep,hed first to any amounts Bunvwer owes on the seminal debt exclusive of inmost nr principal, second ,, role o, and then to
<br />principal. If pnial prelmyman of the secured debt occurs for any reason, it will not reduce or alcove any s(heduleA Postal until the secured debt is paid in full
<br />2. Claims Against Title. Boncwer will pay all tans, assessment, and other charges attributable to the pmpaty when deea xl will defend lid, to the property altarnst
<br />any claims which would impair die licit of this deed of must Lender may require Borrower,, a-sign any rights chains or defenses which Borrower may have apainsl
<br />Parties wbo supply labor, cl materials In improve or udiancein the property.
<br />9. Inrurance. Bamwe. sell keep the property insured under terns acceptable to Tender at Bnnowe,'s expense unit our Lender s benefit. All I ... core poi cis shall
<br />inolnda - standuN m.rtgnge clause in favor oY Lendw. Lender will be named as loss payee Or its the insured oa any such insurance pnGq- Any insuran , mc,ycds maybe
<br />applied, within Lender's discredc, in either the malomtion or nep-Ir of the damaged properly or to the secured debt. If tender requires mortgage inminme, Bmmwei
<br />agrees to maintain such insurance for as long us Lender requires.
<br />q. Property. Borrower will keep the proverty in good condition and make all mp.m. reasonably necessary
<br />5. Expenses. Borrower agrees to pay all lenders expenses, including resonoble atomcys fees, if Borrower breaks airy covenant rn this deed of trier nr ill any
<br />obligation secured by this deed of rust- Borrower will pill these amounts to Lender as provided in Coleco m 9 of this deed Oftral
<br />6. Prior Security Interests Unless Borrower first clathics I sside, written contest Borrower II not naki, _. Iscrour any maligns to ally Prior ICLUIfy ' larlylts .
<br />B.rrtwe- will perform all o fBOrrowersobbgat ens under any mortgage decd of trustorshan nerma, agneanen, including Bnnew ovilr nakepavmns
<br />when title.
<br />]. Assignment of Rads and Profits. Bottom ca assigns to l ender the .eras and profits of the properly. finless Borrower and Lender have agreed sherslsc re witting,
<br />Roalowel iney collect and met the t. g a, B rues [ I. default IfB d,foulty Lender, amass: agent. LI ted oy,yver may rk
<br />to se sicar had he mraper, ad ollext (lie ta Any cots Leader colkaft shall be applied ant to the costs of monaping the planets. incI ding count cost, and
<br />aaomry. f , in rental agents, and any other neeessary related expenses. "Ibc remain g amours of e m well then apply to payments oil the socared debt as
<br />provided in Covenant 1.
<br />8. Threshold,; Condandniums; Planned Unit Developments. Borrower agrccs to comply with th p fu y lease It this deed around '. - an 1 h Id It th his
<br />deed oflaust is on o unit in a condominium as planned unit development Borrower will perm n n all of Borrower s duties u ndc -the —rears, by laws, or ugula na, of
<br />the condominium or planned unit deyelopmenl.
<br />9. Authority of Lender to Perform far Borrower. If Burrower tell' m p ichall, ally of emrower`s duties under this deed of trot Lender Islay perform the duties or
<br />usetheln to be perform d- t. Oidt, aso, rig. Barrel s name re icay a try clicaust if twcssaly for performance if jury construction on the prol 's d` (ticd to let
<br />carried on in a ream table neutral Lender may do whatever is esrary m protect Ludda' s security interest lr [fie p open,_ This may include carnplating the constraccou
<br />Lender's failure to perform will not preclude Lender loom exercising any of its other rights ulWCr the law or th is deed of trust.
<br />Any mwarit, Paid by Leader to Dhome, Leader 's.,c amp - moment will be secured by this deed of trust Such amoums wit l be due on demand slid Of ll hen, I on, e,,fiom in,
<br />date of the payment until paid in fill] at the interest rata in Infecroil the aecnred debt.
<br />10. Definitl and Acceleration.If Bilateral. falls mnmk, any payment whin due or to any creedal under this deed of had or any obligation seauned by this deed of
<br />amt or any prior mongage or deed of most Lender may accelerate the mammy of the secured debt and demand inunediate psyinent and may [nook, the power of at, it
<br />any other remedies pmai ard by u,stablc law.
<br />11. Request for Notice capital his hereby rcqueated that cnpis ofine nmicce ofdefauhand sale be sent o each person who is a Party hell at addressofaeln
<br />such person, as set forth belein.
<br />12. frovocur ofSol [fine leader invokes the power of sale, tile Torrance shall first record in the office of the PcInw, ilf,hed, ofad, ootlly wherein the tntl penyor
<br />same part or p I Banner 1- sidented a notice of dearit containing the finficaraction lactualed by law, The Trustee .] II Lc acul cache, of the - of dloo, t. the
<br />Bmusham t each I who i pan, h t d 1. Alive p 1 nOwerhad he I. pf bl w. Not less b Ih one, the Trost A: ([I, Of default,
<br />or two months rill best property is nor in ally incorporated city or village and sused in fmming operations 'e1 oil by the ul the T n shall g public r.. -I'
<br />sole to the persons and in the p eswbcd by applicable law Trustee without demand on Bull shall sell the tonicity at p bf' auction t the hig [,,due, It
<br />required by the Earn, Hon' Id thenceforth AtTrustee shall off ale poop ny I,, t ,aora 'Iesasrequired by al),nual I aw I rassee may postpone all, Of all o-a
<br />pamel ofdm property by public numerical at o Lee and place of arypev...1, sOhcdnlcd salaLeader or its desig me may p..has, ale proven, of any sal,
<br />Ton receipt of payment f file price bid, Trustee 11-11 dai ,to the p h..- Tasleea deed conveying th Ill The Coale contained ' it fill s deed .hlIbe
<br />piston feel, ,ulacia, BI truth of the t l 1 s youturned two Tr ally shall apply the 1.id of it ., air a he finfla,al p Irc W) t II cspca,,s of Ih, safe,
<br />including, hut not limited to, bd I msl es fees, I co, Ilf0mcysfee,ad- 'sbtunent filE)toall su,..e..al by this deed of lust and a) th, balance. if
<br />any, to 'be Persons legally entitled to race Veit.
<br />11 idrselomre" AtLerrder'sopnon, this deed ofmst any be foreclosed in the marine provided by applicable law Pon Gnnclusurc of montages on real Pmpmy.
<br />10. Inspection. Lender may enter tire property to inspect It if Lauder gives Borrower notice beforehand. The notice must state the nveonable cause far Lenders
<br />inspection.
<br />15. Condamntiou. Borrower assigns to Lender the pnweeds ofany -ward or claim for damage c.Orcc led with a eoormuntiou err other taking at all or pal I of the
<br />pmpary. Such mooeeds will be applied as provided in Cnvencut 1. This estimation, is subject to the terns of anyprior set,,(, all current
<br />16. Waiver. By exercising any reanedy available to tender, Lender dues not give up any right w Inter use any other remedy. By not exorcising or, reared, upon
<br />Borrower's default I ender does not waive any right to later consider the event a default if it happens again.
<br />17. Joint and Several Liability; C g s; Satcesrors and Assign, Board All duties d tl tied Of last are ] t and yeral. n firel - I n I, this
<br />deed often t hot does not c 'gn the underlying debt iosto memsno does so only to grant and cousev that Branewe, s Interest T The propelly to (fie I ml under the tcfthis drill of trust In aMinn., Incel, a Bars war agrees that the I ad'. - d any other Blarcovianniler III, deed of tmst ad, extend, modify o1 make a v 111111 changer in
<br />the terms of this deed of must a the vred debt without that Bon over s consent and without releasing that Borrow,. fo be term, of this dred flun-
<br />The duties and bamdis of this deed of must shall bald and benefit Ice saroacarn and assigns of I ender and Bon'owor.
<br />18. Notice. Unless otherwise required by law, any notice to Borrower shall be giver by delivering it or by mailing it by certified all addressed ,, Baarcwer at the
<br />property address or any other address (but Borrower has given to Lender . Borrower will give any notice to Lender by certified mall no Lender's address on page I effort
<br />decd oftms5 ma. any omerutidrees, which lender lets dsig.med. Any other notice to Lender' shall he Benno Tell dares, as surd as page l offers deed of, I
<br />Any notice shall be demaed to have beat given m Barrel or Lender when given in ale local stated above
<br />19. Transfer f the Property Belieficial Interest in the Borrower. If all or any part of fl e pop ny Or y Interest ill it ` sold or moserred lithout the falls
<br />shomwnRen cormaral, Iearn may d and suchooducle political ofthe Icaucaddebt Leader may also demand ndst payment trib B - t a normal pcsarad
<br />e lanneficial intenest in the Hournower is sold or brofiliced . Howes Iseve. navy not demand pay me n ill tine abuse oluali x if" -1 pm6bil d by tcd,.l hen as tide dam
<br />fthsdeed oftedst.
<br />20. Rernnveynvol When the obii,arion secured by this deed of mm Ins beat paid, and Lender has no further obligation to nuke advances under the irouumchn or
<br />ogreernent secured by this deed of trust, the Trustee shall, upon wnacn request by the Londe; reconvey the ran plopetly The Lender dual deliver w the Burnol or to
<br />Borrower a successor or lmast the trust deed and tire nolc.1Other evidence.f Om obligation so satisfied. Burowa shall pay any...... union cost.
<br />21. Successor Trustee. I cial atLe dare option any ocrno,, Post and appn' it successor tmst by first, ding pyof the hl't f fn nne, ,00 ed
<br />by applicable lay, and 0 by filing th b.t'rC f trustee for record - al tile office fthe register ofdyms oferch county in a hich tile hen p pmy aepat
<br />thereof is turtd. I he andeassor trustee, without conveyance often property shall succeed ill oil fly power. duties mhrrrp and fill,at he Trustee v ed in the deed of
<br />trust sod of., 6YGEErmr to aloe
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