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COVENANTS 200200925
<br />1. Payments. Borrower agrees to make all payments m me secured debt when due. Unless Burrower and Leader agree otherwise, any payments Lender receives from
<br />Borrower or for Burive ar's benefit will be applied that to any amounts Borrower owes on the secured debt exclusive of interest or principal, second to inmmrt, and then to
<br />principal. Cpartial prepayment of be secured debt .,cars fur any reason, it will not reduce or excuse any scheduled payment until the secured debt is paid in full.
<br />2. Claims Against Title. Borrower will pay all lazes, asscsmenu, and other thumbs anribmablc to the property when due and will defend title to me property against
<br />any claim< which woultl impnh the lien of this decd of vast louder may require Burzuwer t. ammo any rights, duinn or defenses which Borrower mny, have against
<br />parties who supply labor or materials to improve or maintain We propene.
<br />3. Insurance, Bunuwer will keep the property insured under terms acceptable m Lender at Borrower's expense and for Lender's benefit All insurance policies shall
<br />include a standard mortgage clause in f.vol of Lender, Lia den will be named as loss guys. or as the insured on any such insurance policy. Any insormiUe proceeds may be
<br />applied, within Leader's discretion, to either the oc ...... a. be repair of the damaged property or to We secured debt. If Lender requires mortgage insurance, Borrower
<br />agrees to maintain such insumnca for as long as Lender requires.
<br />a. Property. Borrower will keep me property iP goad condition and make all repairs reasonably necessary.
<br />5. palomino. Borrower amebas to pay all Lender's expenses, in di ding reasonable attorney, IF if Borrower breaks any covenants in this deed of foul or in any
<br />ebhgatinn secured by this deed of vast B.rr.Wer will ply these amounts to Lender is provided in Covenant 9 of this deed of trust.
<br />n. Prior Security Interests. Unless Borrower ms obtains Lender's written contest. Bnrrrwer will net make or permit any changes to my prior 'reality imeresls,
<br />Borrower will perform all of Burro soCs obligations under my prior mortgage, deed Uf trust or other socially agreement indndlng Ooartw,r'u covenants to make payments
<br />when due.
<br />1. Assignment OUR ... S aad ProOta, Br„Uwor assigns m Lender the rents and profits athe fertility Unless Borrower and Lender have agreed otherwise m writing,
<br />Borrower may collect aad retain the rents as long he Borrower is not in default. If Borrower defaults, Lender, Lender's agent, or a coon appointed read may take
<br />possession and manage the property and culled the rents. Any rents Lender collects shall be against first to the runs of managing die property, including court costs and
<br />an ... by" fees, commissions to rental agents, Fad may other necessary related expenses. The remaining amount of rents will tell apply to payments on the scoured debt as
<br />provided is Covenant 1,
<br />U Leaseholds; Condrminlums; Planned Unit Developments. Borrower agrees to comply with the provisions of any lease if this decd of trust is on leasehold. If this
<br />decd of trust is on a Fair in a condensation or a planned unit dcvelo pale, Borrower will perform all of Borrower'. duties Rode, the covenants, by laws, or regulations of
<br />the condominium or pamued unit develnpmen[.
<br />9. Authority of Lender In Perform for Borrower. If Borrower fails to permorm try of Brearso 'n duties under Wis deed of [rant Lender may perform the duties or
<br />crave (ham to he performed. Lord,, IF,, sign Borrower's name or pay any amount if necessary for performance. If any mnsbuetion on afro property its dreartimcd or not
<br />carried on in s reasonable mmmep Lender may do whatever is necessary to protect Lender's security mmem in impartially. This may mclude completing me cublummo n.
<br />Lender's failure to perform will nut preclude Lender from cxcrcising any of its other rights under the law or this deed of frost.
<br />Any amounts paid by Lender to protect lender's security interest will be.ucured by this deed of tenth. Such amounts will be due on demand and will bear interest from the
<br />date of the payment until paid in full at the Inmtst rate in effect on the secured debt
<br />10. Deffluilmd Acce leration. If Borrower fails to make my payment when due or breaks my covenants under this deed of trust or any obligation secured by this deed of
<br />dust or my prior nm gpmd m decd of trust, Lender OF acaomuld the maturity of the secured debt and dvRmd immediate payment and may invoke me power of sale and
<br />my other remedies permitted by applicable law.
<br />11. liar, Fast for Notice of Default It is Fcreby requested that copies of the notices of default and sale be senor each person who is a party hereto, at the address of each
<br />such person, . set forth hell;..
<br />12. Power of Sale. If the Lender invokes the power of sale, the Trustee shall first record in Oro office of the register of deeds of each county wherein the fruit property nr
<br />some pmt us parcel thereof is situated a ounce of default containing the information required by law. The Trustee .shall also mail copies of the notice of default W Ore
<br />Borrower, to each person won is a party hcrcm, and in other pea.ns as proscribed by applicable law. Not less than one month after the Trustee records the notice of default
<br />or teee months if me dust property is nor in any incorporated city or village and is used in f.rrlug operations carried on by the factor, the Trustee shall give public Police of
<br />sale to the persons and using manner prescribed by applicable law. Trustee, without demand on Bunuwer, shall sell the property al public Ignition td to highest bidder. If
<br />required by the Farm Homestead Protection Act, Inside shall offer the property in two separate sales as required by applicable law. Trusty may postpone salt of all or any
<br />pmcel ofthe property by public mnuuneement at the time and place of any previously scheduled sale. 1 ender or its designee may purchase me property at any sale.
<br />Upon receipt of payment of One price bad, Trustcc shall deliver to the purchaser 1'rmtee's deed conveying the property. The recitials contained in Trustee's deed shall be
<br />prima facie evldimam of the truth of the statements combined therain Trustee shall apply the proceeds of me sale in the fallowing order, (a) to all expanses of We sale,
<br />including, but net limited to, reasonable Traded's fees, reasonable attorney's fees and reinstatement feba, (b) to all sums sabred by this decd armed, and (o) the balance, if
<br />any, to die persons legally untitled to receive it
<br />13. Poreelosum At Lander 'suption,thisdeedoftrus[muy be[oreolosed in the manner proviJeJ by applicable law for Pormlosma of mortgages on real propa[y.
<br />Id. inspection. Lender may enter the property to inspect it if Iender gives Burrower notice beforehand. The notice most state the ..double cause for lender's
<br />inspection.
<br />15. Condemnation. Borrower assigns to I ender the proceeds of any award or claim for damages connected with a conJemnuton or other taking of all or any 'Fair of the
<br />propeny. Such proceeds will be applied as provided In Covenant 1. This msignmemt is ruble,[ to me forms of any prior security agreement.
<br />16. Waiver. By cxcrcising any comedy evi lehle to Lender, Lender does nth give up any rights to later use my other remedy. By not exercising any remedy upon
<br />Borrower s default, Lender Arcs not waive any right to later consider the event a default if it happens again.
<br />17. Joint and Several Liability; Cu- sign¢(,-, Sneces... and Assigns Bound. All duties under min deed of trust ..,.lot and several Any Borrower who m -signs this
<br />deed of trust but does not maign the underlying debt Imvonets(s) does so oily to grant and mw, that Borrower's interest in the property to the 'I pages, under the terms
<br />of Of is deed Of trust. In addition, such a Borrower agrees mat me Lender and any other Borrower under has deed of trust may extend, modify or make my other changes in
<br />the terms of this deed of its or the secured debt without mat Bormwu's endeart.td widnout relmong ma[ B.rho er from the tart , of this deed Of bust
<br />The duties unit belief. of this decd of bar# shill bind and benefit to successors and assigns of Lender and Burrower.
<br />18. Notice. Unless otherwise required by law, my notice I. Bonower shall be given by delivering it or by mailing it by ranged mail addressed to Borrower at me
<br />property address or any other address mat Borower has given to Lender. Burrower will give any notice to Lender by certified mail to Lender's address on page I of this
<br />deed stood, other) other address, which Lender has designated_ Any other notice m Lender'fill be sent m Lender's olds.. as stand an page 1 of this deed oRts.
<br />Any notice shall he doomed so have From given to Bortwer or Lender when given in the manner stated above.
<br />19. Lwnif , of the Property am a Beneficial Interest in the Burrower. If all .r any from of me propeny or any interest in It is sold or transferred without me Lenders
<br />prior w,tarn comnmh Lender may demand immediate payment of the secured debt. Lender may also demandi.bd,.W payment if the Borrower is not It natural person and
<br />s beneficial interest in me Borrower is sold or transferred. However, Lender may not demand payment m the above situation, it it rte prohibited by federal law as of the date
<br />of this deed of tint.
<br />20. Rceoneypnee When me obligation seemed by Ihl, deed of trust has been paid, nod Lender has no further obligation in make advances under the instruments or
<br />ugrameats snouted by thin deed of [rest the Trustee shall, upon written tourist by the Lender emmoll the mat property. 'f he Larder shall deliver to the Borrower, or to
<br />Bortwer.. successor m interest, me trust deed and the into or other evidence of We oWhospnn s. satisfied. A ... over s]Fill Pay any recordation costs.
<br />21. Sur .... r'rrmtee. Leader, at Leader's Option, may remove'1'rustee and appoint a successor duster by first mailing a copy at the substitution ofuustee as required
<br />by applabble law, and then, by filing the substantial, of wsee for record in the office of the register of deeds of each county in which to fast property, or some part
<br />thereof, is situamd. The s rcecsor trustee, without Caneeyered of tine property, shall succeed to all We power, duties, authority mid Otte of the Trustee named in the dead of
<br />[rust end ofmy smoasnr fus[cc.
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