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COVENANTS 200201038 1. Payments. Borrower agrees w make all payments on the secured debt when due. Unless Borrower and Lender agree oherwise, any PAl'wnd [o inwnsC and they m Burrower or for Borrower's benefit will be applied firs[ many turmoil Borrower owes on the secured debt exclusive of interest or lumou al, u principal. If partial prepayment of the secured debt occurs for any reason, it will not reduce or excuse any scheduled payment until Ole secured debt is paid in full. 2. Cluima Agaidst'1'itle. Borrower will pay all lanes, assessments, and other charges attributable W the property when due and will defend title to the property against wry claims which would impair the lien of this deed of trust Lender may require Borrower to assign my rights, claims or defenses which Borrower may have against panics who supply labor or materials to improve of nwintain the property. 3. turance. Borrower will keep the property insured under Wool acceptable in Lender at Borrower's expns ee and far Lender'sbeneBl. All Insurance policies shall tm include a standard mortgage cause in favor of L.dc, Lender will be mmcd as loss or se the Insured on any such insumnce policy. Any insurance proceeds may be applied, within Lender's disoretich, to either the restoration or repair of the damaged property or W the secured debt. If Lender requires moulage i lmonce, Be"' agrees W maintain such insurance for w long as Lender requires. 4. property. Burrower will keep the property in good condition and make If unions reasonably necessary. 5. Expenses. Borrower new, W pay all Lender 'n expenses, including aazonablc aaomeys' fees, if Bormwcr breaks any covenants in this decd of trust or in any obligntiun secured by Nis Jeer' of trust Borrower will pay these amounts W Lender as provided in C vacant 9 of this deed of trust. 6. Prior Secmiry tnterexts. Unless Burrower firs[ abrain, Lender's wrineo contest Bonewer will not make or permit any changes to any prior seamity interests. Bormwcr will parform all of Borrower's obligations under any prior mortgage, deed riffraff or onset security agreement, including Borrower's covenants to make payments when due. 7. Assignment of Rents and Proton. Borrower assigns W Lender the rends aid profits of the property Unless Borrower and Lender have agreed otherwise in writing, Borrower may dwe, unit retain the rents es log as Borrower is not in default. If Borrower defaults Lender, Lender's agent, of a court appointereceive, may take Or, Lender colient, shut] be applied Liu to On notes of managing Ole property, including court coats and possession unit manage the property and collen the rents. Any re ated cx eases Tl emmainingamountof rents wi then apply m Payments the secured debt m attorneys' fees, commissions to rental agents, and any other necessary re p provided in Covenant 1. S. Leaseholds; Condominiums: Planned Limit tweelopmeata. Borrower agrees W comply with the pmvisms, of any Icase if Nis dead mftrust is lsre o If dos deed of trust is on a unit in a condominium or u planned unit development Borrower will perform all of Borrower's duties under the covenants, by laws, or regulations the condominium or planned unit development. 9. Authority of Lender to Perform for Borrower. If Bnrmwer tents to perform, any of Borrower's duties under this deed of trust Lender may perform Ne duties or cause them to be performed. Leader may sign Borrower's name or pay any amount If necessary for performance. If any construction on the property is discontinued or not carried un in a reasonable manner Lender may do whatever is necessary W ,.feet Lender's security interest in the property . This may include completing Nc construction. Lender's failure to perform wit not preclude Lender Iron) exercising any of its offer rights under the law or this deed of trust. .Any amounts paid by Lender to protect Lender's security fachat will be secured by this deed of trust Such amounts will be due on demand and will bear interest from Ole date of the payment umtl paid in full at the interest raw in effect on the secured debt. ILL Default ... r.na a oof deed Borrower oust, Lenderrme eke my emw me majority of the secured debt and demand immed arc payment rand may invoke Ole power this f sale and muster any prior inn gag y acce any other remedies pennitred by applicable law. 11. Request for Notice of Default. It Is hereby clowned for copies of ew notices of deault and uNe be sent W each person who is a party herew, at the address stench such person, as set with herein. 13. Power of Sale. if the Lender invokes the power of sale, the Trustee shall fiat record in the office of Ole register of deeds ul each county wherein the trust Property or some part or parcel mrcof is sinawd a notice of default containing the information required by law. The Trustee shall also mail copies of the notice of default to the Borrower, W each person who is a puny hereto, and to other persons as prescribed by applicable law. Not less Olmt one month after the Trustee records the notim of default or two months if the trust Property is nut in any incart mated city or village and is used in farming operations carried on by Ole trustee, the I fostee shall give public notice of sale m me peens will in the manner prescribed by applicable law. Trillion, without demand on Borrower, shall sell the property at public auction W the highest bidder. If required by the Farm Homestead Protection Act'rrustee shall offer the property in two separate sales as required by applicable law. Tmsme may, postpone sale of all or any parcel of the property by public announcement a the time and place of any previously scheduled sale. Lender or its designee may purchase the property m my sale. Upon receipt of payment of the Price bid, I mine shall deliver m Ne purchaser Trustee's dceJ conveying the property. The wiftials contained in Trusee's decd shall W prima facie evidience ofthe truth of the staemmo columned therein. Trustee shall apply the proceeds of the sale in the folluwing order hum all expenses of the aale, including, but or limited to, seasonable T ... hot fees, rcasow dale attorney's fees and enrmcement fees, (b) W all sums secured by thus deed of trwo, and (c) the balance, if any, to the Persons legally entitled to receive it. 13. Irmeri acre. At Lander's option, this deed ofinst may be foreclosed in the manner provided by applicable law for foreclosure of mortgages on real property. 14. Inspection. Lender nay enter the property, to inspect it if Lender gives Borrower notice beforehand. The notice must state the reasonubla cause for Lcndcr's inspection. 15. Condemnation. Borrower assigns W Lender the proceeds of any award or claim for Writers connected will a condemnation or other taking of all or any pat of the Property. Such precceJs will be applied as provided in Covenant 1. This assignment is subject to the Wens of any prior security agreement. 16. Waiver. By exercising any remedy available to Lender, Lender does not give up am, right, m later use any other remedy. By not exercising any remedy upon Borrower's default, Lender does nor waive any right W later consider Nc event a default if it happen again. 17. 3oiat and Several Lin btlity; Co-signers; Successors and Assigns Bound. All duties under this deed of amt art joint and several. Any Borrower who ru -signs this decd of trust but &no not cosign the underlying debt nutritionists) does so only W gin and convey that Bmrowei s interest in Ole property to the Trustee under the terms of this deed of trust. In addition, such a Borrower agrees that the Lender and any other Borrower under this decd of trust may extend, modify or make any other changes in We mums of this decd of trust or the secured debt without that Borrower's consent and without retooling that Bnrmwer from the terms uffi is deed of trust. The duties and berwri s ofthls deed of tru.I shell bind and benefit the successors and sssigns of Lender and Borrower. 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 10 Ilorrower at the property address or any chin address Nat Borrower bas given to Lender. Burrower will give any nniee W Lender by noMfed mail to Lender's address Or page 1 of Nis died of trot or to any other address, which Lender has designated. Any other notice W Lender shall be sent W Lender's address as stated on page 1 ofthis dced of Wusl. Any notice shall he deemed to have been given W Borrower or Lender when given in the manner stated above. 19. Transfer fifths Property or a Benefdal Interest in the Borrower. Tall or any part of thc 1wPetry or any interest in it is sold or transferred without the Lender's prior written consent, Lender may demond immediate payment of t e secured debt. Lender may atso demand immediate payment if the Borrower Is not a mural Person slid a heneftchn interest in the Borrower is sold or transferred However, Lender may not demand payment in Ole above situations III, is prohibited by federal law m cruise data ofthis deed ff trust. 20. Reronveyance. When the obligation secured by his deed of trust has been paid, and Lender has no further obligation to make advances unties the instruments or amen moms secured by this deed of trust Ole Trustac shall, upon written request by We Lender, reconvey the oust property . The Lender shall deliver W the Borrower, or to Buin wer's successor in interest the trust decd and the note or fiber evidence of the obligation so satisfied. Borrower shall pay any tecou loo costs. 21. Sureeamr'frustee. Lender, ar Landon, option, may remove innewo and appoint asuccessulnustee by first mailing a copy ofthe substitution oftruswe as required by applicable law, and Own, by filing the substitution of frostee for record in she office ofthe register of dads of each county in which the lm# property, or some part thereof, is situated. The successor wsmq without conveyance of the property, shall succeed Wail the power, duties, authunty and title ofthe Truske named in the decd of trust and of any successor tntsme.