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`°"DAN'S .200302833
<br />I. Payments. borrower agrees to make all payments oa the secured debt when due. Unless Burmwer and lender agree otherwise, any payments Leader ,,,.v,, aura
<br />Borrower or for Borrower's benefit will be applial fret horny ammms Borrower owes on the secured debt csdil of iro e,I or ata ..... 1, woond 1. imuut and into to
<br />principal. Ifierhal pmgtymemt ofthe secured debt occurs rorany rciNn, 1, will iml mdaw n1 excum anyscheduled p kind anoint s,.,,d debt is paid in fill.
<br />2. Claims Against Tide. Borrower will pay all coxes, ues..smcod and mhercharges andbutable to the property when due and will defend title he the pmpsry apsinsl
<br />any claims which would impair the lien of this dead of trust. Lender may ayaim Bonnvol to assign any rights, storm or defense, which Bon'ower may have against
<br />parties who supply labor or mataia8 to improve nr maintain the property.
<br />3. 1as lit nties. RaTawer will keep the property, Insured underwon, aroepinble to letter or Boemwor's expense and for Lender's benefit All Inumnet pohmcs shall
<br />include asmndard mortgage clause in favor of Lender. Lender will be named as loss shyest at as the inured oa any such also muse polity_ Any insurance proceeds into be
<br />applied, within Lender's discraion, to white the I'eserstion or repair of the damaged property or to the secured d,M, If Lender oc,moc, rI r,me olletio,, belie.,
<br />egotism maintain such insurance for as long as Lender requires.
<br />4. Property. Bortower will keep the peopaly in good condition and indite all repairs redsowbly necessary
<br />5. Expenses. Bortower agrees to pay all lenders expenses, including reasonable ahonwys- fees, if Bortower breaks uny c,vemmls in J- deed of fiat it to any
<br />obligation accrued Ill deed efwet Bmmwer will pay th .. eamoumse. tender as provided in Covenant 9ofthis decd of Irua
<br />9. Prior Security InereA, Unless Bonnwer first .boons Lenders written contest, Borrower will not make or permit any changes m any prier secune irojee r
<br />Bmmwer will pcbnn all of Borrower's obliguGmo underany poor eo gl deed of cost enter security agreement, including Borrower's covenants to make Peyn.atn
<br />when due.
<br />]. Assignment of Rents and Polhill. priority. assign m Ientice the ones and profits of the property. Unless Borrower and Lender have agreed olh,rwiv in writing.
<br />Borrower may collect and ream. the rents a long as Berowe. n till( in deflell If R.I. default,,- Iende,, l coder `s aAenq or a court appointed receiver may cake
<br />pis and nonage the property and center the rents. Any rents Lender collects shall be applied Gros to the was,f managing the pmperty, ordering n rests sad
<br />e uu
<br />"ton"s, fees. tom.. "i.ns to renal agents, and any other necessary related expenses. The remaining amount of rents will inch apply to payments on the secured debt as
<br />provided in Covenant I.
<br />S. Lenselmlds; Condaminioms; Planned Unit Developments. Borrower agrees to comply with the provision of any lease if this deed of east is on leasehold. If this
<br />decd of ems, is on a unit in a condominium or a Planned unit deve]upuhsrt bel own will pedar e all of prael.,'s duties under 11 It hol,, by Iaw,, n I yerhoilt, of
<br />the con lmainium.r planned unit development.
<br />9. Authority of Lender to Perform (or Borrower. If Borrow 11 fails it perform, any of Braley" s dull, under this deed of rent, Lender may perform rile duties ur
<br />se them to be performed_ Lender may sign Bermwere name or pay any amount if norcessy for performance. If any contraction on the property is discontinued or not
<br />,harecd on it, a e.nmmblen ,Lends nayto whadv, is .,,,ary npmdctl .o. , O-or rits niyct' to Nepmpery. Till, nry'a lid' 1 elebng die centlefrn.
<br />I ender', failure 1. perfume will not preclude Leader from exercising any of its other rights under the law or this deed .f nest.
<br />Any amounts paid by Lender to protect Under's security interest will be secured by this deed of most Such amounts will be duo on demand and will bear iadne, firm in,
<br />date of the payment mill paid in hall at the interest rate in effect on the secured debt
<br />lo. Default and Acceleration. It Borrower tails to make any payment when due or breaks any covenants under this deed of trust or any obligation secured by fle,deedIli
<br />trust or any prior moagage or deed of coat Leader may accelerate the maturity of the secured debt and demand real payment and tray invoke try power ,t sale and
<br />any offset remedies warmed by applicable law.
<br />11. Request for Notice of Default. his herehy requested that copies ofthe nonce)(default and sale he"'Itto tech person who is o ynny reecho, al due uddrcss of each
<br />such personl as sea forth herein.
<br />12. Power of Sale. Ifthe lender inwkas the pow,. fsale, Ne Trustee shall first record in Nc office of Bra Ic let nfdeak ofc,,h county whemrn the trust property or
<br />me part or pnaal ihc—f is aloaled a malice of defuah costuming the information required by law The Trustee shall also mail topics of the notice Of default m the
<br />Borowa, to each coort who is a patty hcrcm, cad m other persons as priesthood by appli.ble Iaw. Not less than one monah idle +t he Tmaecrecords the no6es ifdefaall,
<br />or two months if the dust propehy is not in any there oduct crynr el Bay, ooil] isu,edingo,hang operations ear ld on by We really, the Trustee shall govt public notice of
<br />ale to ill, ptamnsand in Ire nmems peeve bed by applicable law_ I ralree, without demand on BoRlI shall sdl the property at public au than it the high a hiddol If
<br />required by the Paw Homestead Protection Acts Trustee shall offer the pmpary in two separate sales as tortured by applicable law. Tmaee may postpone sale of all m uqv
<br />parcel of the property by public announcement at the time and plane of any pee rnu,ly echeds led sole Lender or ill deign ,,nay pwchane the property at air, ale.
<br />Upon hate pt of payment of the price bid, I onswo shall deliem' to the purchaser Trustee's deed conveying the p Oman, The 1 rental, conored] Is Trustee's deed [lot] be
<br />prima facie eNdience of the path of the saumms oonoined therein. Tmnee,halI apply the p shreds of toe sole ire rile f Il,wisg older: (a) to all expenses of the sale,
<br />Indudlor, hot not limbed to, reasonable Trastwe s fors, I va—lab]e ad,meys fees and reinwlemem fees; (b) to all suit's seem ed by this deed Of most. and (c) the halance if
<br />any, to the persons legally entitled to rcccive it.
<br />❑. barred oeure Attends', npfiun,Ild>deal ofnusl may be forcdoacd in the manner Oravrded by applicable low for arvel..um ofmorrnadc, rat reel aopnry.
<br />14. Inspection. Lander reary enter the pmperty m inepet it If I <nda eves Bonnwer rwfiw beh eehand l he nonce mull sorts the aresoneble taus, for Lender's
<br />napecRmn.
<br />1e,. Condemnation. Rol mwei assign, to Lender the proceeds of any award,, claim far damages concocted with a condemnation or other taking of or any pan of the
<br />property. Such proceeds will be applied as provided in Covenant 1. This assignment is subject to the terns ofany prior secrdty agreement.
<br />ad. Waiver. By exercising any wady a.rilable to Lards, I -Ond,r dues nor give up any rights to later sac any other randy, By not csaeising any re medy open
<br />Borrower's default, Under does not waive any right to Be, consider the went a default if it happens again.
<br />19. Join, and Several Liability; Co- signers; Soecevars and Assigns Bound. All cloth,, under this deed of trust ere all and ...... I Any Bon-t, who co-signs Nis
<br />deed of find but does not co -sign the underlying debt rats uments(s) does so only to grant and convey that Rormwel' Intact in rile p rial w tee Trustee under the tams
<br />ofthis deed morma. In addition, such a Burmwer agrees that Ne I.esderand any odor Bonnwer area this dud of hue any cxtmd modify or make any other changes in
<br />the terns of Nis deed of Imsl nr tileseoarcd debt without that Bortower'. consort and without let ..her that Burmwer Brm the corms of 11, 1, deed to first.
<br />The duties and hmefits of this deed ofnue shall hind and henefiuhe suw..eoes and cosigns of lender and Borrower
<br />18. Notice. Unless otherwise electoral by law, any notice to Bortower shall be given by delivering it or by mailing it by tetifd mad adthxssed to Bonrwcr at the
<br />property address is any other throes, that Bmmo,i has groat to Lender. Bonnwer will give any notice to Lender by certified mail to Lenders address to i saga I of fits
<br />deed elftmat, arm any otheraddtss,, which LCOderhas dcaignelnd Any other notice he Latdefahall be seal to l eudo',addl,,, as ealed,n page l of this dad Oftrast.
<br />Any notice shall be detailed le ra -e been given to Bomweror Leadersrhou given in the manner staled above.
<br />19. Transfer fthe Property or a Benefcial Interest in the Bonnwer. II' all or uny pule of the pmperty or any iat. onin I, I, Old or nansfcned w4lord the Lars`,
<br />inna seem,,, an, Leader dnnand immediate payment of the secured debt Lender may also demand immeAi.te paymem i f the Banc, c.., nil a anamil pct and
<br />cob son
<br />nbenereed imam in the Bonrwcr is sold or [mnslared However. Lender maynmdcmand payment in the tbm- esiwuaions alit is prohibited by federal law ns of the dam
<br />ofthis tied of wet.
<br />20. Raonveyance. When the obligation secured by this deed of cost has been paid, and Lender has n, funher,bligation le make advances under the instanter,, or
<br />agreements secured by this deed of,-., the Trustee shall, upon written request by the Leader meenvey the bust property. The Lander ere I lid, I to We Is war, arm
<br />Rnnower's smeesmf in iota..... t first ad the note orothcrevideney ofthe obligation so sad, tied . Bonnwer shall Ro,wry rcwldation cost..
<br />21. Successor Trustee. Under, at lender',, option ally removeTotoo, and upporul a successor trustee by first, mailing a copy ofthe subsliimlimwf lmsr'e as lmhod
<br />by appllcabia law, had that by tiling the substitution ofeasta lot record in the office ofthe of aced, of etch wanly ire which the oust pmpary, or some pan
<br />thereof, e, situated. The successor mance, without conveyance of the pmperty, shell oa-ed ,I all he power, dunes, contan, and title of theTms,cu named In try deed of
<br />trust and of any successor manse.
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