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COVENANTS 200306418 1. Payments. Borrower agrees to make ull payments tin the s¢wd debt when doe. Unless Boorrwerand lands agree ntherwiss, any payments Lender receives train Borrower or for Borrower's benefit will be applied tint to any amounts Borrower owe, on the secured debt exclusive of unseal or p inclpa9, second m movest, and then to Principal I[pmtiul prepayment of Me secured dart oucuas f r any reason, it will not reduce or excure any scheduled pay.nent mail the scoured tlebt is paid in lull. 2. Claims Against Title. Borrower will pay all uses, assessments, and other charges attributable to the property when due vad will defend title to the property, against any claims which woWd ihnpair the lien of Mrs deed of cost lender may require Bnnowa to assign any rights, claims or defenses which Burrower may have against pontes who supply labor or materials to improve or mainain the properly 3. Insurance. Borrower will keep the property material antler temp acceptahle to Lander at Bnnnwa's vapane and for Lender'. heneRt All Insurance politics shall include a smnJvrd mortgage clause in favorof Lender- Lnder will be nnmeri us Inss puyw nr:. the insured on any each insurance policy. Any imumnce proceeds any be applied, within Lender's discretion, to either the restoration or repair of the damaged property or to the secured debt If Lender requires mongagc insurance, Borrower agrees to maintain such insurance for as long as Lender requires. 0. Property. Harrower will keep the property in good condition and make all repairs reasonably necessary 5. Espouses. BurrOwl, m,is- to coy all Lender ^s repo nos. reluthng reasonable atlomeyr' foes, if Hurrove, breaks any covenants in this decd of his, or in a, - obligalon secured by this deed of most Borrower will pay these amounts to Lander as provided in Covenant 9 of this deed of trod. F. Prior Security, Interests. Unless Renewer first obtains Loader's written cmnest Borrower will nor make or permit any changes to any prior aa-ur'ty interc,o. Borrower will pedonn all of Borwer's obligvuons under any prior mongagc decd oftmst or, other secadty egret non, including Brower s,accnu ll .n make payments when duo. ]. Assign all of Rents and Pfafile. Bonawo aavlgro to Lender the mats and profits of propary. Unless Beltower and Land,, has, ugrenl mbmwlso I writing.. Burrower may collect and retain the rents as long as Borrower is not in default If Borrower defaults, Iender, I ender's assn or o court appointed I e,Iv,, may mkt possession and manage the property and collect the rents. Any rata Lender onelecas shall he IIi.d lush m the wars ofmanagmg the propary, including court costs and idea s' fns, commissions to rental agents, and any other necessary related expenses- The remaining amount of ran will then apply to payments on the secs 1 dell is provided in Covenant 1- B. Leaseholds; Condominiums; Planned Unit Developments. Borrower agrees to comply with the provisions of any lease if this deed of mast is oo leasehold. If this deal of treat is on a unit in a condominium or a planned unit development. Borrower will cartoon all of Bannwer's fall.. under Ile wveuenLs, by laws, or regulations of the condom mum or planned unit development. 9. Authority of Lender to Perform for Borrower. If HOrrowa' fails m derfoma, any of Bamwer s duties ands this deed of Lust, Lender may pcnbnn the duties or cause therm to be pMOrmcd. Lender may sign Bmrowud, name orpay any amount if neceamry for perfonnancc. It conswction on the pmren, is Of cnntiaoed or amt oared oa in a reasonable marmot Lender may do whatever is rmcessary m pli Lender s security interest in the property. This may include complain, We oo.earmion. Lender's failure to perform will not preclude Lender your exemising any of its other nghts under the law or this deed of trust. Anyamomns paid by Leader m protect Lender's nearby interest wi ll he secured by this deaf of bust Such amounts writ be due on demand and will Into interest none Ile date ofthe payment untl paid in full at interest ate in effem on Ilse secured debt Ili. DefimllnrWAecdcratima if HOrtower faire to make any payment when due or break any ..of nn under this dedaRmst nr any nhliyatim.weed as Oda deed of Inns ar tiny prior mongagc or deed of tma, Lender may accelema We nmmnp or the secured debt and demand immediate payment and rimy invoke the power at sale and any other remedies permitted by applicable law - 11. Request for Notice of Default. It is hereby requa'ed Matmpla of Wenolocal Of donalt and sale besent m each pecan who is a puny berets, at Ih, address .1 each such planar. as at forth herein. 12. Power of Sale. It the Lender - invokes Ire power of sale, the Tranhe shall tintread -n the office of th -g't,, ofdM I' each county haeinth ctmnp matter o- Some pan or game] thereof Is shouted II of default containing the information q - f by law- The t' move shall I. 'a'I pies of Ir nil of 111111.11 m the Dr..,, m each person who is a puny hereto. and [a other persons as press 1, handle law. Not less than one month after the Tmstee revmdx the notice of actual, or two months if due bust property is not in any incorporated city n i huge and is ruW in fanning Operations 'ed h,ybe fusion s Tombe, fill far, pubic notice of sale to the pcnons and i. the man to - pas. - had by upplicuble law I'msmc without demand n, Be awe shall sell the propary at public fa Con to he highest Edda: if requned by the Farm Homestead Pmleslien Act, Tmstee shall offer the property in two separate sole, as required by applicable law- Tmstee mny postpone ale of all or any game[ of llo property by public anammementat the time and place ofmry previously scheduled sale. Londaoritsdedgnee homy patch... the propary m any sale. Ulan receipt ofpaymart of the price bid, l'mmce shall deliver n the pu chaser Trustee's deed wnvcymg the property- The onnoials covtainal in Trustee s decd shall be prom ! f evidence of the troth of the statements contained therein. Trustee shall apply the proceed., of Me sale in the f Mowing order (s) to all expanses of the sale, including, but not limited,,, reasonable Trustee fees, reasonable mlomcy's fees and viinsmtemem feu; (b) to all sums secured by this deed of trust, and Icf tau baleuUC. if any, to the psame, legally entitled to receive it. 13. Foreclosure. AtIenter's option ,this dead attrust may be toralcad in the anneal provided by applicable law for lbreclosun ofmargages on awl pmpeny. 10. Inspection. Lender may enter the pmpeny to iaspect it It Lend.. gives Burrower notice lefi.mhumL The notice must slate the reasonable ease an Leaders nspection. 15, Condemnation. Borrower assigns to Loader the proceeds of any award or claim far damages ci necred with a condemnation or ocher inking of Al m any curt of the pmpeny. Stich proceed, will be applied as provided in Covenant 1. This assignment is subject to the torms ofany prior securityag.aaned. Ib. Weiser. By eaenis rig y vandy ,soluble to Lc dots Under does an, g' I. ry rights w less - us, any nine comedy- By an, . law remedy upon Rnnowa s default Lander does nor waive any right to late - cn old the event a default if it happens again. V. Joint and Several Liability; Cu- signers; Successors and Assigns III nod. All duties under this dead at arej par, and several Any Bunuwer who uo -sign, this deed of cost but does not oo -sign the underlying debt astm ments(e) dues so only to grant and convey that B.—Os e.r , inteest in the property to the Trustee sad,, the terns of this decd of treat In addition, such a Burrower agrees that the Lender and any other Ban mover wader this dead of trust may ext end, modify nr make any other changes in the tam, nfth is deed of must or the swmed debt I,t hem that Borrower's roused and without fricti ng that Borrower from the leans of this deal ofvust. I duties and behalf's of In,, deed of beat shall Maul and benefit the suwesan and assigns of Lender and Harrower. 18, Notice. Unions otherwise q imid by law, ,try notice or Borrower shall be given b_ delivering it or by analleag it by e al f ed mail jaliessed to plonaver as the property address munymbotmodress that Horrowa hue given m Leader R flower will give any notice to fall by cemfiad mail n, Leader 's address on pug. I of Oi s deed of trust, or to tiny other address, which Lender has designated. Any other collet m Lender shall be sent m lender', addrow i s seated on page I of Iris deed off-I Any notice shall he ch aned to have been given to Bomowa m Lender when given in the manner awted above 19. '1 'rural of the Property or a Beneficial Interest in the Borrower. Ii'all or 1111 pmt of the pmpeny or any increea in it is sold or transferred without the Laud,. ,do, written - t Lender may demand inuffeads. I r of tile sal debt Under may a[,o demand I'll no payment if the Bo.mx not - a 1 to '..I and t feral -merest iv the BOrtil .- Id nr to sf d. However, LLndc'mey hold d1Inen 111br eximanons ifl se.nhihital by flealhw us of the date of[his decd ofvust 20. Reannve,fors . When the ohli,don secod by this dead ofeast has hem paid, and Lval has no further ' obligation to make advances mater the instruments or agreements loOmal by this deed of cost the Totes, shall, an women .rquesl by the Lrndcr, cash ... y the trues pmpeny. Tire Leads, hall deliver a Ir, Bnmiwto err m Borrower `sshecesaonninterco,the tmst deed and the rime or uWer esddence at he obligation m ab,f,,] Bonuwe, fill pay any recmdatinn roam 21. Successor Trustee. Lender, at Under s option ana, m v, T[stee and up,mit a mccoNall amloca byi r arlifine, copy ofill, amonarchical oft r.. 1, re,anad by applicable low, and then. by filing the b.tt r offinsh, for record in the office ofthm dolide- - afde d C each ly a which Ir Idu,t ro,porty . or - seat, pan thereof, is situated. The successor hastes, without conveyance of the porosity, .hall su teal to all thepar e- dudes outh and, all ale of the I bell, named' n the deed of trust and of any successor buatee.