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COVENANTS 200303303 I. Payments. Borrower agree, to rank, all payments on the smutrl debt when due Unless Borrower and Larder dmI otherwise, any pannents Linder receive, from Borower of for Borrower's heoeft will be applied Best to any unoonts Borrower owes on the secured debt exclusive of interest oI lameipuL second ,, cars .... and then to principal, Ifpartiel prepuymom of the sauuM deM occ...far any reaman, it will not 'wince,, expose troy o hMnled payment until the secured debt is paid in lull. 2. Claims Against Title. Borrower will pay all taxes, assessments, and mho charges attributable m the pmpety when due and will defend title to the property uguinst any claims which would impair ere for of this deed of cost. Lender may require Borrower to assign an, rights, ,lairs, or defenses which Borrower may have against parties who supply iahor or materials to improve or moinatin the property . 3. Insurance Borrower will keep the propoty insured under terns acceptable to Lender at Borrower's expoue and for Lender's benefit. All Insurance policies shall include a oronderd taongage clause in favor of Lender. Lender will be uttered as loss payee or as the insured on any such insurance policy. Any insurance proceeds many be apph od, within lender', diserodoa, a either the reatemtion or ress n of the latera l put or to the secured debt It Leader requires mortgage insurance. Bortower, agrees to maintain such incorrect, for as long as Lender requires. 0. Property. Rosevear will keep the property in good condition and make all top— rcusuuably necessary. 5. Expenses Burrower agrees to pay all foodless expenses, including reasonable attorneys fees, it Borrower breaks any covenants in this deal of w9 or in cov obligation secured by this deed of must Bonxre or will pay these amounts to I colors provided in Covenant 9 of this deed of oria. 6. Prior Security lateresa. unless Borrower first obtains Larder's wrnrn conmst, Remove, will not make or pem,lt day clutters Io are prier locality iabeests. Borrower will perform all of Borrower's obligations undo m, prior mortgage, deed of oust mother mainly agreement, including Harrower s covenants to make payrmmts when due. ]. Assignment of Rents and Profits. Borrower usages a Lender the rants and pmfts of the property. Unless Borrower and Under have agreed athe as se in writing, Borrower may col lost and regain the rents as long as Borrower is not in default If Borrower defaults. lender, Lender s agar, or a sum appointed two vet traay take possession and manage one propary and cancer the tents_ Any rent Lender collects shall be applied first to the costs of managing the property, including court costa and provided i, C—s commissions m rental agents, and any ulher necemury relmal experces. The mnniniug amrnrnt of rents wlll then apply to pupnenrs on the secure.) debt as providM in Cnvenanr L 8. Leaseholds; Condominiums; Planned Unit Developments. Bortower came, to crornply will, ere pnuvisian, ofany lease if this deed afore is on lerstemld. Ifthis deed spinner is oa a par in a condominium or a planned unit development Bonnwer will perform all of Bon awc, a duties undo the covenants, by laws, or regulations of the condominium or planned unit development. 9. Authority of Lender to Perform for Borrower_ If Borrower fails to perform, any of Borrower's duties under this deed of must Lender may perform the duties or cause them to be pafotmed. Linder may sign Borrower's name or pay en amount if accessary for pers nounce. If any condnoll or ou rho in also is discuntinmal on rot ma carried on in e reasonable mariner, Lender may do whatever is neccesary to pmtcm Lcndcr s ,aunty imovs in the property This may include completing the comwction. Unde's failure to perfarrn will not preclude Lender Ircrta exercising any of its other ights under the law or this decd of must. Any amounts paid by Under to poorest Undo', smarty rated will be,eouroil b, this deed of trns. Soar amounts will bedLie on demand and will bear intern) from are date of the payment until paid in full at the interest rate in effor on the secured debt. 10. Default and Atercratimp If Borrower fails a nmke my payment when due or break, mry covamnc undo late deed of(usl or me, olail,dmueen" by this deed of trust or any prior mortgage or deed of trust Lender rates Eur dean the mammy of the secured debt and demand immediate payment and may invoke the power of sale and any other remedies pertained by applicable law. 11. Request for Notice of Default. It is booby requested that copies of the moves of default and state he set to each person who is a party hereto. at the address of each such person, as set forth herein. 12. Power of Sala It the Lender invokes the power of sale, the Tmsm, shall first record in the office of the register of deeds of each county wherein the frost property or sonic part or parcel thereof is situated a notice of default contor ring the information "m and by law. The Tnrstez shall also me cnpies of the notice of default to Elie Berri m each :vl who U a party lama, and to other persons as prnereed by applicable to Not les for one moue, alter e,e Tmwee morels the m1we of defvulL or two months ifthe trustproperry is net in my inemporamd city or village and is used is fanning opoabo s, eame4 on by the mucks. the Tamara shall give public pence of sale to the persons and in the tanner prownhard by applicable law_ Tmsme without demand on Bmuowea shall sell the property at public auction to the highest bidder _ If minimal by the From Homestead Paledior Act, Trite, All offer the property in two separate sales as prepared by applicable law. Tastes may postpone sal, of all or any parcel of the property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may entries, the proper, at any sale Upon reedit of payment of the price bid, 'I mites skull deliver to the purchaser l reacc's dead conveying the property. 'I he rccitials contained in Trusteee s deed shall be prima back, evidience of the moth of the statements contained therein. Taste, shall apply the proceeds of the ale is the f 11lowo, order (a) a al I expenses of the sale, including,bit not l united to.raosmnbleTrustee's fees ,reasonable one m.... fee, and ei,amtenoutCcss;(b),, all sum, seemed by dui, deed of ad (0 the balance. if any, to the persons legally entitled to reserve it 13. Foreclosure. AtLord,,, red i.n, this deed of trust nm,befectia M in the nnma provided by applicable law fur fto to ore of mortgage, on cal property. 14. Inspection. Lender may onter the property to inspect it if Undo give., Borrower notice beforehand. The notice mast sate the reasonable wore for Larder's inspection. 15. Condemnation.Rmmwerusigns to leader the proceeds ofnny award or claim for damages connected with a prodettnodun or older taking of all or uny part ofthc property , Such proceeds will be applied as provided in Covenant I I his assignment is subject to the terms of any prior security agreement 16. Waiver. By execusimg tray tenredy available to Larder Lauder does nut give up any rights to later use any other remedy. By not exercising any remedy upon Borrower's default. Lender does not waive any right to later consider the event a default if it happens again. 17. Joint read Several Liability; Cu- signers; Successors and Assigns Bound. All duties unticr this decd of now are joint and several. Any Burstein who co -signs this deed of toast but does not co-sign the underlying debt insmumenn(s) does so only to grant and convey that Rmanwerc air .... I in the Foulest, to (lie Tmmap under he terms of,his deed oft 2 In addition, such a Bonnwer agrees flambe Undo and any after Borrower under this deed of Ia,l may extend, modify or make any other changes in the )emu of this deed of teat or the scoured debt without that Borrowe's consent and without releasing that Borrower from the terms of this deed of trust. The dotiu and benefits oRhis deed of ems lime brief and better,, die ... or ... is card ... ignm of Lender antl Botrowo. 18. Notice. Unless otherwise required by law, any names to Bonnwer' shall he given by delivering It n. by nailing it by uMified ,mil uddrcx,ed to Berrowa w the property address or any alto. ounces, that Borrower hen given to Lender, Borrowo will give any notice to Lcndcr by complied mail or Lender's address on page I of this deed of tryst, or to any other address, which Under has designated. Any other notice to Lender shall be senuo Lordo's address as sated on Inge I of the deed of tact Any notice shall be deemM to have been given to Borrower or Lender whor given in the manner stated she%c. 19. Transfer of the Property or a Beneficial Interest is the Borrow m. If all or may pmt of the propary or any interest ioit is sold or mostcrred without he Lender's prior written consent, Under may demand immediate payment of the seeumd debt Lender may also demand immediate payment i f the Boaowe. is nor a actaml pa sera and a beneficial Interest in the Borrower is sold at aarcferred_ Ilowcva, Londe may not demand payment in the abovesimatimas if it is prvhbital by federal law as of the nine of this dead of trust. 20. Beeoavey...is When the obligation secured by this deed of trust has heel paid, and I older has rte fiuther ohli,atiaa to for advances under the instruments or agresnents seamed by this dead of trust, hhe Trusteeeshall, upon wruen request by the Lender; reserves the must properly . The Lender shall deliver to the Bmmwo,orto Borrowers successor to interest. the trust deed and the note or other evidence or the obligation so satsfied. Borrower shall pay any recordation costs. 21. Steve s..v Trouper. Ivnda,atLarde(soptiom rnay,ernoveLu,tee and mppointa sucees'sor hvatmbvlira[rnpilingacnpY at the subsdation ofwax as required by applicable law, and then, by filing the nal atation ofnuscec for mood in the office of the register of deeds of each county in whit ch the pros propoty, or scare part thacpfissituated. The successortrust et,, without conveyanceofthe propoty,sbell sor... well the power duun, uuthonly antl title ofthcTrite,namedrthedeedof .1 aria of any successor trustee.