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COVENANTS 200302622
<br />1. Payments. Bonower agrees m maker all payments oa the secured debt when due Unless Bonower and Lather epee olha --, uny paynnens Lender swerves limn
<br />Serowe, or for Borrower's benefit will be applied first to any amounts Borrower owes on the secured debt exclusive of interest or principal, second to interest, and then to
<br />principal. If partial puepuymrnt of due accrued debt occurs for airy rrasou, it will not nedive. a excuse any scheduled p-yarert until the secured debt is paid in fill.
<br />2. Claims Against Title Borrower will pay all taros, assa...rob, and other charges aadbuvhle to the property when due and will defend tide to the propene against
<br />any claims which would impair the lief of this deal of WsL Lender army reyuiue Be..,,. to assign top- rights, cairn oI deferrer word. Bonnwa may Lave against
<br />ponies who supply labor or materials to improve or maintain the property.
<br />}, Insurance. Borrower will keep the property urned under tam. or,.table In Lende, at Borrower , expense and for Lenders benefit. All Inaramer pollees shall
<br />include a standard mortgage clause in I .... I Lender. Lender will be named as loss payee or as the insured on any such insurance policy- Any insurance pmecek may be
<br />applied wits', Iurdei s d screfn r to sithis the as, C mti(,n or corm -of the damaged pmpety n -m the savor i debt If I.. der recei re - III, a, I . II c , Bunnwer
<br />agrees to muintain such normal for as long as Landenequires.
<br />4. Property.Borrnwa will keep the property in Bondc(,ndi(iorand make all uep. as 1 veal necessary.
<br />5. Expenses. Borrower agrees to pay all Lender's expenses, including reasonable attorneys' fees, if Bonnwa breaks any c -caurs in this rat] of ouat on inn
<br />nbb,a5on svauredb,thil,deedrfemn. Bnro— villp— dauseamo-nrem l ender ac provided iu Circe.. 9 of this diet of it r
<br />6. Prior Security Interests. Unless Borrower then obtains Leadds wrinto contest Bnnnwer will -m make or permit any Changes to vuy pone security io ee",
<br />III will prrrfrm all of Bur— soblia,aau sunder arypriornroners, deed ofburt tar uthesarur,agremem, including Borrower scovcnont, m all symcnb
<br />when due.
<br />7. Assignment of Rents and Profits. Borrower assigns to louder the reams and pound of line popery Cities, Bml and Lender he.. ngncd ahavdse in writing,
<br />Ron ray collect and retain the nods ere long m Berra— n r rot in default. If Boarrawei defaults, Lender', Lenders agent. all wt appointed uo,araei leas lake
<br />pw mud n rage Ilse pmpeny materiel he rents. Any rents Lender eollwn shall be applied first m the cos,, of managing 'he property, inuludin a e run cool, and
<br />matearcys� fees, commissions to rental agcn[s, and any other necessary related xcla .. The remaining enwunl of.arif, will Oren apply as peymcnt, I In, around debt as
<br />provided in Covenant 1.
<br />8. Leaseholds; Condominiums; Planned Unit Developments. Borrowed agmes m comply with the provuiuso.1 an, lease if This dark all trust is on lerschold. If this
<br />deed of trust is on a unit in a condominium or planned unit development, Bonower will parlour all of Borrower s duties cal rthe covenants. by laws, nr rasalanocs u
<br />the conifil or Planned unit developnsenl-
<br />9. Authority of Lender to Perform for Borrower. If But ,I fails nr perform, any of Bonnwa', duties under this deed of rust Iande may pert. nn We duties or
<br />se it m be pefoonent Leader ouy sign Bonower s name or pay any amount if necessary for performam.e Wny coushucdon or the pmpaty is discontinued or not
<br />weal on in a rotaria icmanner, Lender may do whatever is nmessany ill visual Iseder'ssaud(y interest in the property.'I his may include completing du Cnna vtion.
<br />Leader fallow, to perform will not preclude Lender liom exenising any of Ill nrher n M1m ruder dm law I dr, used of heal.
<br />Any amounts paid by Lender to protect bell .emumy imet,,l will be secured by this deed of uwa Such Sol will tie due ou demand and will bear interest then[ the
<br />date of the cayman unlit puN in full at the taterest m¢ in libecl on the secured debt
<br />Id. Default and Acceleration. If Borrower fail, to umke uny payment when due or breaks any eovenanrs under its Deed of tans or any obligation secured by this deed of
<br />trap or any prior mnrcgage nr deed of uu,L Linda may accelerate the maturity of the secured debt mud control immedate paymcn( and may invoke the power of sale and
<br />any othe larches featured by applicable law.
<br />11. Request for Notice of Default. [( Is hereby requested that copies ofthe not ice's of defaalt alit] sale be Saul to each person who is a parry hero, at the addiuss of each
<br />such pw, ur, as sa forth hecim
<br />12. Power of Sale. Wild Leader tikes the power of sale the Trustee shall First recall ' tile offixe of the gi(a'ofd d. of I t' 1 ( atprofea
<br />scale pail or proof the ion is situated a notice of default w m l is 1, the atransaction created by law- .her Trustee sh 11 d.r s all oe.ie of the n ke, of defaall ,, the
<br />Bonower mcachporson wh penyhert. If other pen -ere cubed byapPbcahlc lax.
<br />Not I'll fdful(,
<br />or two dicatch, Choral p p t x art I. any incorporated city Il g and is ased in four lug vacations carried via 65 the trI the Trader roll ove public otice of
<br />tale to ll pnmomc -ntl in the seen ter prexcnbed by P.I .,,hie h w- Tn,kre w NOUt do Wend (,a Bo roan shall sell Hue p ...It, an public auction m the highest bidder- If
<br />required byth, Farm Homestead Protasror At Talutee shall offia the property in two ep at sales a I-al to applicable In, -Toxic p q _ so, of ull trans
<br />pamelofthepmpetyby publican movement triturate and placcolany laoulysandulel sole. Lndero its designee nay pudase the popery -tu" sale.
<br />Upon rcccipt of payment c f the price hid, Tmnoe shall delrve to the purchaser Trvsme's deed conveyin, rim prnpaty fns r'cellous continual in Tru,l a rued Shull be
<br />prima fowl, e mdee, of the lath of the Iran t , contained b Travoce, .I llapply'h 1-cleddl of In ' sale an Inc focdclual oldo (a) to all p ,ems rat dr, l
<br />Includ'nti hot act inalled to reaserablc Trust f s ,eass ahle dautru, 's feet a d - 'ns®mmcat fees, (b) to all suns c by this deed of cost and fcl the balance if
<br />any, to the persons legally entitled to receive it
<br />ld. Foreclosure. At Lender s option, this deed of cos,.,, he fmrcclosel in the coal na pr'ovfded by spoirahlc law forfbswlusme ofmortgaga our lent pndcal
<br />14. Imper ion. larder only era the property to inspect it if Leader dives Relmwe mere beforehand. The notice mast nuts the na cable cause to Lender:
<br />r,pection.
<br />15. Condemnation. Bonower, usstgns to Lender [he proceeds of any avoid or able for damages canal with a condemmnlnn or other taking of all m' any pan of the
<br />pmpeny. Such pmcccds will be applied as provided in Crvenum 1, Phis assignman is Saint ..... the tem6 oIle .. .nor security agreement
<br />16. Waiver. By exercising any remedy available to Leader. Leader does nor give up any rights to later um any all remedy By an cs,rcomg any remedy upon
<br />Borrowcls default. Lender does not waive say rlgM I- later consicl r the event a default if it happens agaln-
<br />17. Joint and Several Liability; Co- signers; Successor. and Assigns Bound. All dunes under this decd of tract all,rinl load Is1111 Amy Borrowed who ern -shpts dnA
<br />decd ofwst but does not ao -ergo be underlying debt u stmmeats(s) does so only a grant and mosey dtrt Borrower s Interest in the pro pesly to rhC Trustee under the tenor
<br />oflhtx ten of,-.. In addition, - h a Bonoweragrecs that the Leal — and any other Berower apart ti deed R 7 s Stuaf, cuol career, unyope changesin
<br />rheteartsatria, deed oftmsl or the Sol debt warn(,- 'MalB[ nSwnsem and Indoor releaser, th.t Boo—a four h [earls of this der of war
<br />The duties and benefits of this deal of tm,t shall bind end benefit Ihesuwessors and assign of Lcndcr and Borrower
<br />18. Notice. Unless otherwise required by law, any notice to Borrower shall be given by ddivering it or by nailing it by certified mail addressed to Bonnwa at the
<br />pmpeny addass at any other add., drift Borrowed half g' to I. laider . Borrower will give aliv notice to I arilifiel -ly ratified arral to Leader s ackill oil pal Iafdris
<br />del of hand, or to any other address which [, d,, ],asde, tpaked . Any died node to Leader shall is tins Lender s address as sated rr me l tfdsl5 deal of loan
<br />Any notice sitril be deemed m have been given to Bonower or Larder when given in the manner stated above
<br />19. Transfer of the Properly or a Beneficial Interest in the Barrawer. If all orany pan of the property or day iateres ill it is sold or rrans@ncd without the I cider `s
<br />p- lot wru n4 Lender may demand rn oft 1. y t at loe seemed rich( Larde, dary Lard a) d et] t py t If ah Borrower -I- I addraHl penonand
<br />u brnefie al interest fn the Bonow,er is cold o Wessell . However Under nay not drilard pm+ e n it the abet/ situdir,as if it is pr l,hr el to dovetail law as of the date
<br />of this deed of con.
<br />20. Rear -11-II When the - bullion accusal by this decd of wxt has been paid, and Lender her no tanhu obligation Io make advm¢es under the iruwden, or
<br />agreement d by nhar, deal of test the Trustee shall upon so - tt t by the Leader. y 'he licart l t ter- The Lender and dal u) the B- o e ono
<br />Borrows nn interest the trust dead and Me Ill uorbs- evidence of the obligation zo s. lsfed. Be.,,,,, rohall paysr, 'ecarrriain.Cngs.
<br />21. Staxlex., Trustees Conde at Leaned soPlot may arrin—, Tra,uc laid afford a u -' trapree he far, f g a rp, of ah subs[[[ I( - .neyuir,d
<br />by aliparadie low, o l d then by filing the substitution ft I fir - lecred ' in the office fth e register ofdecdl f Inch county I, Inch the teary uo,l - ompar,
<br />thereof, is situated. The suer tral wit uI wmeyanec at the purists, shall. axed In all the dudes and, it, ard all, If ds,l o,"Ic soared in the deed of
<br />tmsv lad army successor trustee.
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