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200303568 COVENANTS
<br />1. Payments. Borrower agrocs to make all payments on the secured debt when due. Unless Borrower and Lender agree otherwise, any payment Lender receives from
<br />Borrower or fur 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 propaymem of the scoured debt occurs for any reason, it will not reduce or excuse any scheduled payment until the secured debt is paid in full.
<br />2. Clalms Against Tdlle Borrower will pay all tax., assessments, and other charges attributable to the property, when due and will defend fine W the property against
<br />any claims which would impair the lien of this deed of first Ixnder may regain, Borrower to assign any rights, claims or defenses which Borrower may have against
<br />patties who supply labor or materials to improve or maintain the prapedy.
<br />3. tax mraan, Borrower will keep the grocery insured under terms acceptable to Lender at Borrower's expense cad for Lender's benefit. All Insurance policies shall
<br />include a smnded mortgage clause in favor of 1"emmder. Lender will be named as loss puyse or as the insured many such income¢ policy. Any insumnee proceeds may be
<br />applied, within fender's deserction, to either the restoration or repair of the damaged property or to the ancrd debt If Lemd,r requires mortgage insurance, Borrower
<br />agrees to maintain such insurance for as long as Lender raluires.
<br />q. Property. Rormwer will keep the prepery in good condition and make all repair, reasonably necessary.
<br />S. Expena.. Remove, agrees to pay all Lender's e.p rises, including reasonable attorneys' fees, if Harrower breaks, uny coverer in this deed of truss or in any
<br />obligutionsauredbythisdoodefwst Borrower will pay these amounts to lender as provided in Covenant 9 ofthis deed ofnlls[.
<br />6. Prior Security Interests. Unless Borrower first obtains Winder's written contest, Borrower will not make or permit any, than,. Wavy prior security interest,
<br />Borrower will perfomm all of Borrower's obligations under my prior mortgage, dead of trust or othersecurity, agreement, including Borrower's covenants to make payments
<br />when due.
<br />0. Assignment of Rents and P --its. Borrower assigns to Lender the rents and profit of the property. Unless Borrower and Lender have agreed otherwise in writing,
<br />Bmmwer may collect and retain the rents cas long us Borrower is not in default If Borrower defaults, Lender, Lender's agent, or a tour appointed receiver may cake
<br />possession and mange the property and collect the rents. Any rents Lender collect shall be applied first In the costs of rearsging the property, including court costs said
<br />anomeys' fees, commissions to rental agents, and any other necessary related expenses . The remaining amount of rents will their aPp], m payments on the se vied debt as
<br />providd in Covenant I.
<br />8. Leueholds; Condominiums; Planned Unit Rvclopments. Bomswef agrees to comply with the provisions of any ].ae if this deed of trust is on leasehold. If this
<br />dad of cunt is on a mut in a condominium or a planned unit development, Decrees or will perPorn all of Borrowers duties mMer the covenants, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails to perform, any of Bonower's dories under this deed of trust Lender may perfamm Nc duties or
<br />came them to be penotmed, Leader may sign Borrower's more or pay any amount if necessary for performance. If uny commotion cache property is discontinued or not
<br />carried on in a reasonable mannm, Leader may do whatever is necessary to protect [eater's secunty interest In the property. This may include completing die con,drretion.
<br />Lenders £allure to peffonr will no[ preclude Lender "in c— cising any of its other nght under fire law or this dad of trust.
<br />Any amounts paid by Lender to pro est Leader's security munisI will he secured by Nis dad of trust Such mnummis will be doe on demand and will M1.r interest from the
<br />dale of the pxyine a until gaid in full at the iaterest rate in effect can the secured debt.
<br />10. DefullmdAccelerat ion. If Burrower fall, W make any payment when due or breaks any covenants under Nis deed of teal or any cbhgmien secured by this deed of
<br />trust or any prior mortgage or deed affront, Lender may aaclestc the maturity of the seemed debt and demand immediate payment and may invoke the power of sole and
<br />any other remedies permitted by applicable law.
<br />11. Request for Notice of Default. It is hereby emanated that copies of the notices of default and sale be sett to each parson who is a party berem, at the address of each
<br />such person, as set fmah herein.
<br />13. Power of Sale. If [he Lender invokes the power of sale, the Trustee shall ❑tst react in the office of the registu o[daeds of each county wherein the cost property or
<br />rte pan or panel thereof is streated a argue of default containing the information repaired by law. The Trustee shall also mail copies of the only, of default W the
<br />Borrower, to each parson who era party to any and rp other cityo r as age an is used in fiuble paw- Not ns than one month tram the Trustee re<o1d3 the nouco of default
<br />or [con months if the [rest property is not in any incorporated city or village and is used a farming operations hamed l l by the rry in the Trustee shall give public notice of
<br />sale rr the the and in the manner proscribed Protection A by applicable law. he pimp without dunned a Borrower, shall sell the progeny . public auction st the highest biddy. y If
<br />parrelcd by the Puree Homestead Protection Acq Trustee shall placr [hc proprrty in two separate Salle as Under by designee law. Trustee may postpone salt al all or any
<br />penal ofthepropeny by public annmurmcarmenl at Natime and platy of any previously scheduled sale Lynda err its designee may pumlwse the property at any sale-
<br />Upon receipt of payment of the price bid, Trustee shall deliver to due purchaser Trustee's deed conveying the property. The rmitials contained in Trustee's deed shall be
<br />prima facie evidience of the truth of the statements contained [herein. Trustee shall apply the proceeds of the sale in the following order: (a) to all exparses of the sale,
<br />including, but not limited to reasonable Trustee's fee, reasonable anon y s fees and minsmmnent fees; @) to all sums secured by this deed of tmsq and (c) the balance, if
<br />any, to the persons legally entitled to receive it.
<br />13. Foreclosure. At fender's option, this deed ofterm maybe foreclosed in the manner provided by applicable law for foreclosure of mortgages on real property.
<br />14. Inspection. Iender may scientist progeny to inspect it if lender gives Borrower notice beforehand - The notice must state fire reasonable cause for Lcndei s
<br />inspection.
<br />15. Comminution, Borrower assigns to Lender the proceeds of any award or claim for damages committed with a condemnation or other taking of all or any pan of the
<br />property. Such proceeds will be applied us provided in Covenant I. This assignment is subject to Ne Wrens of any poor saunty ugrcement.
<br />16. Waiver. By exercising any randy svallahle to lender, Lender does not give W any rights to later use any other mra dyes By not .emismg 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 />17. Joint and Several Liability; Cosigners; Succession and Assigns Bound. All duties under this dad of test arc joint and several. Any Borrowerwhoco- signsthis
<br />deed of trust out does not co -sign the underlying debt instnments(s) duo su only to grant and convey that Borrower's interest in the property to the Trustee under the terms
<br />of this deed of lest In addition, such a Boren err agrees that the Lender and any other Borower under this deed cultural may extend, modify or make any other changes in
<br />the tears of this deed of tenet or the seemed debt without that Bon ower's cmuent and without releasing that Borrower from the terms of this deed of trust,
<br />The duties and benefit of this deed of that shall hind and benefit the successors and assigns of Lender and Borrower
<br />18. Notice. Unless otherwise required by law, any notice to Borrower shall be given by delivering it or by mailing it by certified mail addressed to Borrow. at the
<br />progeny aromas or any other address that Borrower has given to Lender. Borrower will give any notice to Wider by certified mail to Lender's address on page I of this
<br />deed ofousq or to any other address, which lender has designated. Any other notice on Lender shall be sent to Leader's address as stated on pug, 1 of this deed of wen.
<br />Any notice shall be deemed to have been given to Borrow, or lender when given in the manner stated above.
<br />19. 1'raaahc of the Property or a Beneficial Interest in the Borrower. If all or any part of the property or any interest in it is sold or transferred without he Lender's
<br />poor written consent Lender may demand immediule payment of the scoured debt Lender may also demand immediate payment ifthe Borrower is nut a namnl person and
<br />a bemefcial interest in the Borrower is sold or transferred However, Lender may rmt demand payment in the above situations if it is prohibited by federal law as of the date
<br />office deed Of Inert.
<br />30. Ream entumme, When the obligation secured by this deed efficient has been paid, and Lender has no further obligation to make advances under the instruments or
<br />agreements s...it by this deed of mist, the Trustee shall, upon written request by the Lender, reconvcy the had property. The Lender shall delivn W Ne Borrower, or to
<br />Borr coast's snccesaorin interest, the trust deed and the note or other evidence of the obligation so satisfied. Rormwer shall pay any recordation costs.
<br />21. Successor Trustee. Lender, at Lender's option, may remove Trustee and appoint a successor trustee by first, mailing a copy of the substitution of trustee us required
<br />by applicable law, and then, by filing the substitution of irestcc far comd in Ne office .[the register of deeds of each county in which the trust property, or some part
<br />thereof, is situated. "I 'he successor trustee, without conveyance of the property, shall succeed to all the power, duties, authority and till, of the Trustee named in the deal of
<br />eustund of any suaaessor trustee.
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