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COVENANTS 200303035
<br />1. Payments. Bormweru ores to make all payments on the secured debt when due Unlass Borrewer and Leader ague otherwise, my puynnaa, Lender raid loam
<br />Borrower or for Borrower's benefit evil l be rpplial fir a to air yacoums Borrower ewes on the severed debt exclusive of interest or plancipel. second in interest and then to
<br />arnica led If photo papuycont nfli secured debt.,euts for any reason, it will not reduceorexi-u,a airy sdmduicd payment until the scrarM debt is paid in full.
<br />2. Claims Against Title Borrower will pay all texas, aysessur ens. and other charges sto hutahle to the pmperty when due and will defend tide to the property against
<br />uny claims which would impair the lien of this deed of trust Lender may require Borrower to sign any rights, claims or defenses which Beirowei may have aeaina
<br />panics who supply labor or towards to imprm e or maintain the poll
<br />3. brourrawi, Bacrower will keep the property inured under terns acceptable to Lender at Borrower's expert and lnr Lender a benefit All In e policies dull
<br />include a standard mortgage clause in fuvoe of Lender. Rader all It he armed as loss payee oral rite insured on any such insurance polity. Any insurance prnw,ds may be
<br />applied, within Lenders drsandon. to other the restoration or repair of the dmnuged pmperty an to the seamed debt. If Lender redities moneage insurance, Bormwer
<br />,agrees to maintain such insurance for as long as Lender requires.
<br />4. Property. Borrower will keep the property in good cambial and make all reyuis I Ill n
<br />5. Lxpen Bunu ,glees to pay all louder ,xpen x, including reasonable attorney, fees, if Borrower black, any cm'egants in this dcrd of oust nr rn any
<br />obligation s..,ad by th s deal of tmsl Bumrwer will Pity dose anions to Leader is pmvido-t in Cevennnt 9 of this deal of mist.
<br />fi. Prior Security Interests. Unless Denial first oh nns larders wiper cnrmn Bnanwn will not make (a to -t i ny changes to yr' ain acconav interests
<br />Bert will perform all of Borrowers obligations holder any pow uer ga,e, deed of halt or other semuriny ogre nica, including Brouwer', covenant to make payments
<br />wheat
<br />9, Assignment of Rents and Profits. Borrower assigns to Lander One reap agd pmGts of the pmperty. Unless Bonowa and Lender have agreed otherwise in writing,
<br />Borrower may collect and regain the rents as long as Bormwer is not in detail,. If Borrower defaults, Lender Leader's agent, or a court appointed r.uiver may take
<br />possession and mange the pmwry and collect the rent,. Any rents Lender collects shall be applied first to the costs of him aging the property, including mud curb and
<br />.name,, fees, commissions to rat agents, and any other necessary related expenses. '[he remaining amount tef rents will then apply to payments on the secured debt as
<br />provided in Covenant I.
<br />N. Leaseholds; Condominiums; Planned Unit Developments. Borrower agrees to comply with the previsions of any lease if this deed of urea is on Irraoc6old. If this
<br />deed of trust Is on a unit in a condominium or a planned unit devedopmrmt Bormwer will perfinit, all of Borrowers duties Oahe the ouvardns, by law 1, ur Iandolarnl of
<br />the oundainumimn orplunne t unit develupe cn.
<br />9. Authority of Lender ro Perfrrm for Borrower- If Borrower fait, to perfomr, any of Bertnwer's duties under hill deed OfLmL Lender may perfomt the duties or
<br />ere them to be nominated- Lender may sign Borrower's or pay any amount tfncecpdrry for performance. [rally construction on the property is discononaed or not
<br />Gamed on in a scasonable inmost, Leade, may do whatcra i, naoe,sary to protm Lender's security iavowt in the pmperty. TM1hpras include cmuplering Ibe mrawdon.
<br />Lender', failure w perform will nor prelude Linder from exercising any of ether rights under the law or this deed of nmst
<br />Any amount paid by I coder to protect lender's security inloest will be seemed by 01, deed of burl. Such amounts will be due on demand and will bear interest finrn the
<br />date of the payment pool paid in PoII at the interest rate in affect on the secured debt
<br />10. Defnalr and Arcele, fall. If Bormwerfirsmmake an ry puymcrn when due or blacks any covcnns under this dead oftmst or any obligation secured by this deed of
<br />hall ur any m... inner or deal of Irwt Lender may accelerate the moving, of the sovured debt and demand immediate payment and may invoke the power of rule and
<br />any ether remedies permited by applicable law.
<br />11. Regnest for Notice .1 Default. It is hereby requested that copies of the noGas ofdefault and sale be saran each person who isa puny bercau_ a the address .teach
<br />such person, as set forth herein.
<br />12. Power, of Bala If fine Leder iavoka the power ofsale, the Trusm, shall first record in the office of the register of deeds of each county wherein the trust pmperty or
<br />me part or pmeet thereof is situated a notice of default Intoning, the infnnnating squired by law. 'the 'I trustee shall also mail ropier critic notice of default t. the
<br />Borrower to eaehanson who isapanyheretn_andmoMerpe -wrtt Isprocobed by upple,abstims. Not less than one monthafia the Tatnu rermnis the shiceul default,
<br />argon mottle if lhemrs[ pmperty is col in any inwnsmaalad city ie village and is used in fainting opaatiml Iadcrl nn by the anann, Ile Tnesae,m11 give public reticent
<br />sale to lhepenons and in the manner prescnbed by applicable law. Truster, without demand on Bon sect, shall sell the pmperty at public auction to the hiawstbada If
<br />rcquiredbythe Parm llomesead protection Act ,Tasleeshall off (botanically in two seynetesale, es required by applicable law- Tome, may pwtponemlc,fall or uny
<br />parcel ofhe property by public mmuuncanem tit the lime antl placeofany previoualy echeduleded, Ienderor it,devigne, rum p.mlm,ethepmpeny manysele.
<br />Upon receipt of payment of the price bid, Trustee shill deliver In the purchases t'rustee's decd conveying the property- The retrials coutaimvi in Ld -nail deed shall be
<br />prima facie evldlenre (it (he "1h of the statements contained therein. Trustee shall apply the proceeds of the side m One following uada'. fa) c all expenses of bw sale
<br />ncluding, but net limited 1o, .,..big Too sree's fee,, rarsnnande a baoo,', fees and rcinumtanenl secs, (b) to all sums secured by this deed of bad, and e) the balance, a
<br />airy, m the person, really entitled to receive it
<br />13. Eoreelosure. At Lender 'a Option, thls dead of land may be foreclosed in the another provided by applicable law for fincelosum of mongmges on red property
<br />14. Installation Lender may cut,, the property to inspect it if Lender gives Bormwer notice beforehand the notice must are Ill, reawnable cans. tie I.error
<br />inspection.
<br />15. Condemnation. Borrower assigns to Lender the proceeds ofa.y award or claim for damage, connected with a condemnation or other raking ofall angry pan roll,
<br />pmpary. Such proceeds will be applied as provided in Covenant 1. this as,pareal is wbjat to the ones of any pnnr,econ, agrcunnn-
<br />16 Writing. By exercising any remedy available m lender Leticia does gun give up any rights to later use any other remedy. Be not exercising airy remedy upon
<br />Barmwer's default, lender does not waive any right In later consider the event a defuh if it happens again.
<br />tl. Joint and Several Liability; Craigrersl Sucereams and Asegns Boun3 All date, under this deed crime, am joint and several. An s Bonower who co -signs this
<br />deed Ofnmstbut dots col on sign the underlying debt normal Is) does so only, ..it rand convey (lint Bonower's interest In the property to the Trustee harder the lens
<br />of thin decd oftruet In addition, such a Moreover agrees ill the Laude and any other Borrower under ' this decd of test may eend, na da y Onnake airy older changes m
<br />the tame of this deed of tan or tile secued debt without that Borrowers consent and without eleasing that Bormwer from the core' If his died .far,,,
<br />I dudes and ad efics of this deed of trust shall hind and benefit Ilse successors and assigns of Lenderand Borrower
<br />18. Notice Unless otherwise tainted by law, any nonce to Bormwe .shall be given by delivuing It or by ceiling it by emilied mail addreaed to Ronnwer at the
<br />property address or any other address that Borrower Iles given to Linder. Borrower will give any notice to Lender by cedlfied rail in Lendds address on page I of his
<br />dead ofnua ono any mla address, which Lender he,dcsignted. Any oteractive m Lender shall hesollto Learn 's address is stand on page l ofthis deed ufwn.
<br />Any notice shall be deemed ,, have been Riven to B.nower ur Lerida when given in the manner stared above
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. [full an env pan attic limpidly or any interest in it is slid or tmnsfured willwul the Lends,
<br />fama,rirar consent Londe are,demand igmnedind payment oflhe secured debt Lender may also demand lmmeddsc panrnenGflhe Borrower is not a natural prison and
<br />a hero ficial interest in the Borrower is sold or transferred. However, Leader any not demand payment in the above sow horaw it it is prohibited by school law as of Ibe haw
<br />of this dead oftrust.
<br />20. Raninveynnee Wlor (lie Obftganon sarared by this deed of nest has been paid, and Lender Ins, no further obligation 10 make advances under the Infiummrm or
<br />ageements secured by this deed m "n, the Trustee shall, all wrilmn revues! by the Lcnda', reavi the oast pmperty. The I.erda slut] deloa, to the Borrower_ or m
<br />Borrower's successor in interest, the torsi card and the note a other evidence of the Obligation so sals6d Bmrvwer sl id pay any recordation cwt,.
<br />21. Snecesmr Trustee. Leader at Lunde r'sopdnn, mayremoveTruanx and appoint a successor trustee by first mailing a mpvoflle substitution of toaster asrcquirld
<br />by applicable law, and then, by filing the substitution of "1111 for..rd is the office afire regime, of deeds of each noun , in which Ihc trust property, Or sense pan
<br />thereof, is shouted- The aucelssor baste,, without conveyance of the pmperty, shal l sweed to it l the power duties, aulhmity and till, of the Trustee rained in drc deed of
<br />"sr' and of any successor chance
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