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COVENANTS 200303365
<br />1. Payments. Bormwer agrees to make all payments on the secured debt when due Unless Borrower and Lender agree otherwise, any payments Lender receives from
<br />Borrower or for Borrower's benefit will be applied first to any amounts Borrower owes on the secured debt exclusive of interest or principal, waond to interest, and then to
<br />mine,al, If partial prepayment of the secured debt occurs forany aasvn, it will not inductor excuseany scheduled payment until thesmutddebt is paid at fail
<br />2. Claims Against Till,. Bonowcr will pay all taxes, assessments, and other charges attributable to the property when due and will defend title to the property against
<br />v claims which would impair the lion of this deed of trust. Lender may require Bonewer to assign any rights, claims or defenses which Borrower may have against
<br />parties who supply labor or mentcnals to improve or maintain the property.
<br />J. Insurance. Borrower will keep the property Insured under terms acceptable to Lender at Borrower's espouse and for Under's local All Insurance policies shall
<br />include a standard mortgage clause in favor of Lends. Lender will be named as loss payee ones the insured on any such insurance policy, Any insurance prorce1s maybe
<br />applied, within lenders dissension, to either the restoration or repair of the damaged Property or to the secured debt. If lander requires mortgage insumme, Borrower
<br />agrees to maintain such insurance for as long us Lender requires
<br />4. Property. Borrower will keep the property in good condition and make all repairs reasonably revisions
<br />5. Expenses. Borrower agrees to pay all Lender's expenses, including reasonable elm rays' fees, if Borrower breaka any covenants in this deed of trust or in any
<br />ohligatioresscuredbythisdcdoftont. Bono wer willpaytheseamn .tst.Underaspmvidcdin Covenanl90 flhisdedoflmst.
<br />6. Prior Security Interests. Unless Borrower Bra -Mains Lender's written contest, Burrower will not make or permit any changes to any prior owunry interests.
<br />Borrower will perform all of Borrowers obligations under any prior mortgage, deed of trust or other security agreement, including Bonuwers covenants to take payments
<br />when due.
<br />7. Assignment of Rents and Profits. Borrows assigns to Lender the rents and unfits of the property. Unless Bororower and Lender have agrod mostwuse in writing,
<br />Borrower may .Ilea[ and retain the ants as long as Borrower is not in default. If Barrow at defaults, fandeo 1 voter's agent, or a court appointed receiver may take
<br />possession cad manage the property and cellnol the rents. Any rents Lender collect shall be applied fits[ to the costs of managing the property, including roan costs and
<br />u[mmeys fees, commissions an rental agents, and any other necessary related expense, The remaining amount of rants will that apply to payments on the secured debt as
<br />provided in Covenant 1.
<br />8. Leaseholds; CondomMM ms; Planned Unit Developments. Borrower agrees to comply with the provisions of any lease if this deed of tma is on leasehold. If this
<br />deed of trust is on a unit in n co dearrdmn or a planned unit development Borrower will perform all of Borrower's duties under the coo vie ns by laws, or regulations of
<br />the consummation, or planned unit development.
<br />9. Authority of Lender to Perform for harrower. If Borrower fails to perf -rte, any of Borrower's duties under this decd of trust Lender may perform the duties or
<br />cause them m bs performed lander may sign Banwer's time or pay any amount if nwessury for performance, If any construction on the property is discontinued or not
<br />carried on in a reasonable manner, Lender only do whatever is necessary to protect Leader's sector, interest in the pmpeny, This may include completing the construction.
<br />Lenders failure to perform will not preclude lender from exercising any of its other rights under the law or this dead of trust
<br />Any umeads paid by lender m protect Lender's instantly interest will be secured by this dead of Imst Such amounts will be due on demand and will bear interest from the
<br />date of the payment until paid in full at We uttered ate in eBeu on the secured dets.
<br />led. Default and Auederation. If Borrower fail m make any payment when duc or breaks my covenunt under due, deed of trust or any obligation secured by this deed.f
<br />trust or any prior mortgage or deed of tail, Lender may accelerate the maturity of the seemed debt and demand immediate payment and may invoke the power of sale and
<br />any other readies permitted by applicable law.
<br />11. Request for Notice of Default. It is hereby requested that copies of the notices of default and to be sent to oath person who is a party hereto, at the address of each
<br />such lealarn, as set forth hershe
<br />12. Power of Sale. [fine Lender invokes the power of sale, the Trustee shall first record in the office addle register of dells of each county wherein the trust property or
<br />some man or parcel thereof is simoad a mmiss of defeat, containing the adamrition required by law. The Trustee shall also mail copies of the notice of default to the
<br />Borrower, to each person who is it puny heroin, cad to other petals as pmssribed by applicable law. Not Icss than one month aBer, the Tr ew, a ms the notice of default,
<br />or two months if the trust property is not in any incorpoatd city or village and is used in farm., .,,unions carried on by the truster, the Trustee shall give public notice of
<br />sale to the persons and in the manner presented by applicable law. Toaster, without demand on Borrower, shall sell the property at public auction in the highest bidder. If
<br />required by the Farm Homestead protection Act, Tonne shall offer the employ In two sepaate sales as required by applicable law. 'trustee may postpone sale of ull or any
<br />parcel of the property by public annsune,ment at the time and place of any previously su6duld sole Icaderor its designee may purchase the property at any sale.
<br />Upon receipt of payment of the pnec bid, 'i msta sMIl deliver m the purchaser Trustee's deed conveying the pmpeny. The reciti ils contained in I rustcc's decd shall be
<br />puma facie evidienee of the truth of the statements concerned therein. Trustee shall apply the proceeds of the sale in the following order (a) to all expenses of the sale,
<br />including, but not limited to,., .,marble Toaster's fees, reasonable attorney's fees and reinstatement fees; (b) to all sums second by lhn deed of Irus(, and (c) lire balance, if
<br />cry, to the persona legally entitled to receive it.
<br />I.I. Foreclosure. At lender's option, this deed of must may be foreclosed in the manner provided by applicable law for foreclosure of mortgages on mat property.
<br />14. Inspection. Lender may vino the property to inspect it if Lender gives Borrower notice beforehand. The notice must thus the reasonable cause for Lander s
<br />inspection.
<br />15. Condemnation. Borrower assigns to tender the proceeds of any award or claim for damages connected with a condemnation or other caking of all or any pod of the
<br />property _ Suchpmerda will heapplidesprovldedio Covenant 1.'1his assignment is subject to the lams ofny prior security agreement.
<br />16. Waiver. By exercising any remedy available to Lender, Lender does not give up any right to later use any other ready. By not exercising any remedy upon
<br />Borrower's default, Lender does not waive any right to later consider the event a default if it happens again.
<br />It. .loin[ and Several Liability; Co- elgnen; Buccesmrs and Assigns Bound. All duties under this deed of truest are joM, and several. Any Borrower who en -sign thus
<br />deed of nusl but does not co-sim the underlying debt bamnment(s) does so only to grant and convey that Borrower's interest in the property te the Trustee under the terms
<br />of this deed of cost In addition, such a Bomswer agrees that line Lender and any other Rnnower under this deed of tmat may extend, modify or make any other changes in
<br />the terms of this dead oftma or the secured debt without that Panaceas s consent and without releasing that Borrower from the teems of this deed of trust.
<br />The duties and benefits of this dad of tent shall bind and benefit the successors and assigns offender and Borrower
<br />18. Notice. Unless otherwise. remind by law, any notice to Borrower shall be given by delivcbg it or by mailing it by certifid nail addressed to Borrower at the
<br />property address or any other address that th nwer has given to Lader. Borrower will give any notice to Lender by cenifid maul to Lrndor's address on page 1 of this
<br />Jed -[east or to any ether address, which Lender tae dcsigtm[ed. Any other notice lu Lrndnr stroll be sort to Lender's addressa minallnpgnlofflordedoftrost.
<br />Any notice shall he deemed to have been given to Borrower or Lender when given in the manner staid move
<br />19. Transfer of the Properly or a Beneficial Interest in time Borrower. if all or any part of the property or any exterest in it is sold or tmnefcrred without the Lender's
<br />prior written consent, Iender may demand immediate payment of the around debt. Lender may also demand immediate payment if the Borrower is not a narual person and
<br />a beneficial interest in the Burrower is sold or torahno d_ However, Lender may not demand payment in the above samrhorm if it is prohibited by federal law as of the date
<br />ofthis dad of trust.
<br />20. Reeonveyanee. When the obligation seourod by this deed of trust has been paid, and Lender bas no further obligation in make advances under the umtmmeMs or
<br />agreements .secured by this deed of trust the Trustee shall, upon written aquest by the Lender, reconvey the trust pmpeny. The Under shall deliver to the Borrower, or to
<br />Borrower's succesAir in interest, the trust deed and the nom or ther evidence ofthe obligation so slushed. Burrower stroll pay any mordationcosts.
<br />21. Save ... o-Trasree. tender, at lender's -,[toed maY remove "1'rustec and uppmintasvccess. rustee. byfist mailingacnpy of the suhairmion oftms[ee asrquind
<br />by applicable law, and then, by fling the substitution of tmsme for reenrd in the oftiee of the registtt of dads of each o u sly in which the trust property, or some pan
<br />thermf, Is situated. The successor unsuce, without conveyance of the properly, shall succeed to all the power, duties, authority and title of the Trustee named in the decd of
<br />trust umi of any successor trustee.
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