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CDVENANTS 200200930
<br />L Payments. Borrower agrees W make all payments on die secured debt what due Unless Borrower and Larder agree oherwise, any payments Lender receives from
<br />Borrower after Borrower's benefit will be applied first to any amounts Borrower owes on die secured debt exclusive of interest or principal, rebound to interest, and men to
<br />principal. If, poled prepayment of me scanted debt occurs for any reason, it will not red or course any scheduled payment poll the secured debt is paid In full.
<br />2. Claims Aga ins I Title. Borrower will pay all taxes, assessments, end other charges labourtma, to be p,.,any when due and will defend title to be property against
<br />any aIatins which would import me lien of this dead of host Lender may require Borrower W assign any rights, claims or dil which Burrower may have against
<br />parries who supply labor or materials to improve or maintain the property.
<br />J. Insurance Borrower will keep the property Insured under leans acceptable W Lander m Borrower's expense and for Lender's benefit All Insurance policies shall
<br />include a standard mortgage clause in favor of Lender. Lender will be named as lass p,a, or as the insured on any such insurance policy. Any insurance proceeds may be
<br />applied, within Lender's dkbretiov.. W either the restoration or repair of the damaged property ar m the .secured debt If Lender requires mortgage bloomer, Borrower
<br />agrees to maintain sack insurance for as long e, Lender reyuires.
<br />4. Property. Borrower will keep the propany, in good condition and make all repairs reasonably necessary.
<br />5. Expenses. Borrower agrees or pay all Lender's expenses, including reasonable annmeys' fees, if Borrower breaks any covenants in this deed of oust or in any
<br />obligation secured Fy mis Aeed of trust. Burrower will any these amounts W Lender ac anvided In Covenant 9 ofthis decd of dual.
<br />6 Prior Security Interests. Unless Borrower first oblates Lender's written molest B.aower will now make or permit any changes to any prior security Interests.
<br />Borrower will IreF pn all of Borrower's obligation, under any prior mortgage, deed of must or offer se nuts agreement, Including Borrower's covenants W make payments
<br />whin due.
<br />]. Aysi,nonent at Neal. and Prof.. Borrower assigns W Leader the reuse and profils ofthe popery. Unless Borrower and Lender Iowa agreed abcr —abc in writing,
<br />Borrower may culler, and retain Be rents as long as Borrower is not in deCml,. If Borrower defwhs, Lender, lender's agent, or a.url appointed receiver may take
<br />possession and manage me prapeny and collect the ants Any rents Lender collects shall be applied first to me costs of mauaging the property, including court co.GS and
<br />unnerve fees, commissions to rental ,gems, and any polar necessary mluled expense,, The remaining amount of mints will don apply to payments on me secured debt as
<br />provided in Covenant 1.
<br />S. LeaaehnWs; Condominium,; Planned Unit Developments. Borrower agues W comply with the provisions of any lease if this deed of trust is on leasehold. If this
<br />deed of trust it on a unit in a condominium or a planned unit development, Borrower will perform al I of Borrower's duties under the covenants, by laws, or re,maliu, of
<br />the eondominl um or planned unit development.
<br />9. All dhoti ly of Lender to Perform for Borrower. If Borrower fails W perform, any of Borrower's duties ender this deed of tool, Lender may perform the duties or
<br />cause them W be performed. Lender may sign Borrower's more or pay any amount Bacterial for pefor Moore . [fully construction on the property is discontinued or nut
<br />curried I. in s reasonable manner, lender may do whatever is necessary to protect Lender's econt, interest in ,he property. This may include completing the confirmation.
<br />Laurier', tail me W perform will Flat preclude Lender from exercising any of its other Bgbts under the law or this deed oftost.
<br />Any nmoums paid by Lender to proect Lender's security file III will be accord! by this deed of I ..I Such reaer is will be due on demand and will bear incest front me
<br />date of the payment until paid In full at the interest rate in effect on me secured debt.
<br />Id. Defaulta.d A..Went ion. If Borrower tails to make any payment when due or breaks any essential under this dead of bust or any o h,litimr seemed by thic deed of
<br />oust or pry pnm mortgage or d wal f cost Lender may accelerate the mabmity of the secured debt and demand immediate payment laid may invoke the power of sale and
<br />any other sterile, permit by applicable law.
<br />11, Bequest for Notice of Default it Is hereby cloo -old that .,I. of the notices of default and sale be seat W each person who is a parry hereto, at the address ofeach
<br />such Person, asset birth healer
<br />12. Power of Sale. If the Lender invokes the power of safe the Trustee shall Bell record In the office ofbe register ofdeeds of each county wherein the treat property OF
<br />conne amt or parcel thereof Is slurred a notice of default Containing the Information required by law- I lie Tru no, T:dl Wso mail mplas of the notice of disband, to me
<br />Borrower, W each person who Is sporty harem, and to other peons. prescribed by applicable law. Not less time one month after the Trustee records me mince of default,
<br />or Iwo months if the cars, property Is not in any Incorporated city or village and is used In farming operations varied an by the truster, the Trustee shall give public notice of
<br />rule to be persons and In the manner rtes... bed by applicable dew. Trustee, without demand on Borrower, shall sell the property at public ... if. to due higher, bidder If
<br />required by the Pares Homestead Preleo,i.n Act, 1'mawe shall offer the property ire two Apwace sales as required by applicable law. Trustee may postpone sale of all or any
<br />parcel Offs Properly by public sum unecment a,me time and place ofany previously scheduled are Lender or its reliance may pnruhrne the p.,, at any sale.
<br />Upon receipt of payment of me price hid, Trustee shall deliver Io the purchaser Tosme, deed conveying the property. The rebitlels proldned in Trusto's decd shall be
<br />prima facie evidiemc of the truth of the statements combined therein. T ... rep sholl apply ,he proceeds of me sale in the following order. (a) Io all expenses of the sale,
<br />including, but not limited W, reasonable Entr es's fees, reasonable anooey'a fee, and relnsatemenl fees; IN to all snhns sectored by this decd of Wso, and Of the balance, if
<br />arty, to me persons legally cooled W coerce it
<br />13. Pnrecm.re. At Lender', op, ion, this decd ofuust may he foreclosed in die owner provided by applicable law for foreclosure of mortgegcs on real property.
<br />Il Inspection, Lender may enter me property N inspect it if lender gives Borrower notice beforehand- TFC OOII. anal 9(mC the rCeSOnah a call,e IVr L.dC! 9
<br />nspe.rum.
<br />E5. Condemnation. Bourne, assigns W Lender the proceeds of any award or ,farm lo, damages connected with a condmnnmlion or other biking of all or any For of me
<br />pope, Sandiproceeds will be applied. provided', CovenantI.'I his res'Ignmen, is subjectto the terms oftoy prior security agreement
<br />16. Winner. BY vaco,olag any remedy available to Lender, Lender does not give up any rights W lot,, use any other remedy. By not exercising toy remedy upon
<br />Borrower's dcihuh, Leader does at waive any right In later consider the event a default if it happens again.
<br />17. Joint and Several Liability; Co- signet a; Successors and Assign, Brand. All duties under In, deed of lost arI .lot and several. Any Borrower who w -signs this
<br />deed of trust but doe, net eo -sign the underlying debt lost, mnents(s) does xo only to grant std convey that Berm%ar's interest In the property in the Trustee under me tams
<br />of ibis deed of from. In addition, such a Borrower agrees that me Lender and any other Bon ewer under mis decd of trust may extend, modify or make any other changes in
<br />dm terms of Nis decd of trust or the secured debt without hat Borrower's consent and without releasing that Borrower from the teens of this deed of rust.
<br />The dmlus and betmfis of Ihir dead of trust doll I hind and benefit be successors and assigns of bender and Borrower.
<br />18. Notice. Unless otherwise required by lase, any truce to Borrower shall be given by delivering it or by mailing it by .rtified mail addressed W Borrower at the
<br />Property address or any other address that Borrower bin given to Lender Borrower will give any notice W Lender by oenified mail to lender's address on page I of I is
<br />deed of true,, or to any other address, whirr Lender has designated- Any other notice to lender shall be of Io Lender's address as stated on page 1 of this deed oftrusl
<br />Any mule, shall be deened br have been gI,. to Dom ..er Or Lender when given In the manner ssmd alcove.
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. If all or any per of the property or any interest in it is sold or trm,fism d without the Lender's
<br />,,I.,writer consent, Lender may demand, mmcdlampsymentofthewirtieddebl. Lender may also demand immedinte payment Odle Borrower is not a natural person and
<br />a beneficial interest In me Borrower is sold or trwssferred- However , Lender may not demand payment in Ice abase situmlons if it Is prohibited by federal Ivan me order data
<br />ofthis decd Off mst.
<br />20. Neroovuyana. When me obligate. se and by this deed of rust has been paid, and Lender hm no further obligation to make Incomes under the instruments or
<br />ens secured by this deed oftrusl, the I move shall, upon written request by the Lender, reemovey the frost pro,urty- The Learn, shall deliver W the Dr.,,, of to
<br />Borower's successor .. interest, the now deal and the note or omen evidence oI the obligation so satisfied. Borrower shall pay ally recordation cases.
<br />21. SuremorTrustee. Lender, at Lender's opt Ion, may remove l'ruwce and appoint a successor trustee by for, owl ing a copy of the suroitutipn of 1,usme as required
<br />by applicable low, and men, by filing me substitution off llswe for record in the office ofthe mgismr.f deeds of each county In which the trial, Property, in smile P.
<br />mereef, is scooted the successor trustee, without conveyance of the ,,.Perry, shall succeed to all the power, duties, authority and title ofthe Trustee named in the decd of
<br />.,t and of any successor trustee.
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