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COVENAN IS 200202977
<br />L Payments. Horrower agrees to make all pay mends on the secured debt when due. links, Borrower rnxl Lender agree otherwise_ any paymwlls I coact receises to to
<br />Borr u,ci or for Hotrosser s bereft will be applied first fit any amounts Borrower owes on the secured debt exclusive of interest or princolen l, second to 'merest, and Or, it to
<br />principal. II Partial P epavment of the secured debt occurs For any reason, h w'n1 not reduce or cxaase any scheduled payment until the ,ccufed debt Is paid in full.
<br />2. Claims Against Title Borrower will pay all t axes, assessments, and other charges attributable to Lite property when due and will defend title to the properly against
<br />any claims whieh would impair the lien of this deed of trust Lender may require Horrower no assign any rights. clanns or defuses which Horower may have against
<br />Parties who supply labor or materials to improve or mutation the property.
<br />3. insurance. Borrower will keep the property insured under terms acceptable to Lender at Borrower's expense and for lender's benefit. All insurance policies shall
<br />include a standard nxm ,age clause in favor of Lender_ header will be named as Toss payer or as the insured on any such insurance policy. Any insurance proceeds may be
<br />applied, within Lender's discretion, to either the restoration of repair of the damaged property or to the secured debt. If Lender equines motgage insurance, Borrower
<br />agrees to maintain such insurance for as tong as Lender requires
<br />4. Property. Borrower will keep the property in aood condition and inakc all repairs reasonably necessary.
<br />5. Expenses. Butrowcr agrees to pay all lender's expenses, including reasonable attorneys' Pecs, it Borrosver breaks any covcumvs in tats deed of oust nr in an:
<br />obligation secured by this decd of hurt Borrower will pay these amounts In Lendcr as plaided in Covenant 9 of this deed of trust.
<br />6. Prior Security Interests. unless Borrower first obtains Lender's written curtest, Horrower will clot make or peini t ant clol to any prior security interests -
<br />Borowerwill perform all of Born tiers obligations under any prior mortgage, deed )f trust of other ssecants agreement, including Borrower's covenants to make payments
<br />when due
<br />7. Assignment of Rents and Profits. Burrower assigns no Lender the rents and profits of [he property tlniccs Horrower and Letter have agreed otherwise in writing,
<br />Borrower may collect and retain the tents as Ion, as Borrower is not in default if Bonowcr defaults, Lender, I ender 's agent, or a court appointed receiver may take
<br />possession and manage the properly and collect the rents. Any rents I toner collects shall be applied first to the assts of m raging die property, including court costs and
<br />attorne,s' fees, commissions to rental agents, and any )fuel necessary related expenses. "i ac remaining amount of rents will then apply to I on the secured debt as
<br />prodded in Covenant I.
<br />8. Leaseholds; Condominiums; Planned emit Developments. Borrower agrees to cmnpy with the pws isions of any Iause if tills deed oftrust is on icaschold. H tills
<br />deed of must Is on a omit in a condominium or a planned unit devclopment, Burrower will perform all of Borrower's duties nuclei the unenunty, by Ian,, or regulations of
<br />the condominium ar planned unit development.
<br />4). Aulhorio of leader to Perform fur Borrower. It Borrower hot, to perform, any of Borrower's duties under this deed or oust, Lender may pe'dunn the ;tubes or
<br />cause t etua l) be performed. I.endu may sign Borrower's name or pay any amount if necessary for perGrman re_ I f any construction err the pmpert,, its disamlinued or not
<br />carried nn in it reasonable manner, Icnder may do whatever is necessary to protect Lender's security interest in the propert%. This may include completing the consumnon.
<br />Lender's failure ill pa dif in will not preclude lender from exercising any of its other rights under the law or this deed of trust.
<br />Any amounts paid by Icnder m protect Leader's securib interest will be secured by this decd of trust_ Such amounts will be due on demand and will bear interest from One
<br />date of the payment until paid in full at the interest rate in effect on the secured debt.
<br />to_ Default and Acceleration. 11 Borrower' fads to make any payment when due or breaks any covenants under life, deed Of [rust of an, obligation seemed by this deed of
<br />trust on any prior mortgage on deed of trust, I endct may accelerate the noturity of-the secured debt and demand immediate payment and max invoke the power of sale and
<br />any other remedies permitted by applicable law_
<br />IL Request fill Native of Default. It is hereby' requested that copies nfti e u Daces ofdefauh and sale be scot to each person who i.s it parry hereto, at rife address of each
<br />such person, as set forth herein_
<br />12, Power of Sale. If the Lender im okes the power of sale, the Trustee shall first record in the office of Lite register of deeds of each county wherein the trust property or
<br />scone part or parcel thenal is situated it notice of default containing the information required bylaw. The Trustee shall also mail copies ethic notice of default to the
<br />Burrower, breach person who ;s a party hereto, and mother persons as prescribed by applicable Law_ Not less Ihall one month after the I iu,tee r-co i tile loges r f default,
<br />Of two months if the trust property is not in any incorporated city on village and rs used in farming operations carried on by the to stor, the trustee shall ,give public notice d
<br />sale to the persons and in the manner prescribed by applicable law I numee, without demand a1 Borrower, shall sell the pnoperp at public auction to the highest rudder. if
<br />required by the Farm Homestead protection Act, Trustee shall offer the property in two separate sales as required by applicable task . trustee may postpone sale of all or any
<br />parcel of tile property by public announcement at the time and place of any previously scheduled sale- fender or its designee may purchase the property a[ any sale.
<br />I Ipon receipt of payment of the price bid, Trustee .shall deliver to tine purchaser Trustee's deed convcyim, the properly The reeitiats ealouned in trustee', deed shall be
<br />print tare cvidience, of the truth )f the statements contained therein. Trustee shall apply the proceeds of dim sale in the following order. (a) to all expenses of the sale,
<br />including, but not limited to, reasonable Trustee's ices, rcasonabl , athvncv s tees and reinstatement Ices; (h) to all sums secured by this deed of trust, and (c) the balance, if
<br />any. to the persons fegaliy entitled to receive it
<br />13. Flureclosure. At Lender's option, this deed of trust may he foreclosed in the Insurer provided by applicable law for f)nclosm'e of numagapes on real property.
<br />14. Inspection. I ender nos enter the properiv to inspect it if Lender gives Borrower notice beforehand. The notice must stale are resmrable cause for I Crider',
<br />inspection.
<br />15. Condemnation Borrower' assigns to Lender the proceeds of am' award or claim for damages connected with a amdemnation or other taking ul all or cots part of the
<br />property. Such proceeds +vile be applied as provided in Cov nom t phis assignment Is subject to the terns of any prior e writ agreement
<br />Ito. Waiver. Be eserc sing any remedy available to tender, Lender does not give up any rights h> later use rmy otter remedy. By not exerc sing any reined, upon
<br />Herrositct s default, I ender' does not waive any neat to later cur ender the event a default rI'thopputs again.
<br />17. Joint and Several Liability; Cr- signers; Successors and Assigns Bound. All duties under this decd of trust arejuint and several Any Borrower echo co -,lens ibis
<br />deed of trust but does not co -sign the underlying debt inetmments(s) does so only no psurn and convey that Houowcr's interest in [he property to the "Rushee under rile terms
<br />of this deed of trust- If addition, such it Borrower agrees that the Lender and any other Horrower under this deed of trust may extend, modify or make any other changes in
<br />the ter nn of this deed of trust or the secured debt without (list Borzowers consent and without releasing that Borrower from the [mints of der, deed of nest .
<br />the duties and benefits of this deed of from shall bind and benefit tine s cc,ci r and as,igmu of enter and Bomi,el
<br />18. Notice. Unless otherwise required by law, any notice to Borrower shall be given tv deliserina it or fly mailing it by certified mail addres,ed to Bnrrowcr at the
<br />property address or any other address that Borrower has given to Lender. Borrower will give any notice to Lender he certified mail to Lender's adducts nn page 1 of this
<br />deed of trust, or to any other addicts which Icnder has (esignated. Aar other notice to Icnder shall be sent to l eider's address as .stated on page I of this deed of trust.
<br />Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated above.
<br />Ito 1 ranter of the Property or a Beneficial Interest in the Borrower. If all or any part of the propert) ur any interest in if is slid or transferral without file Lender's
<br />prior written consent, Lender may demand hnmediafe payment of tile settled ddb, Lender may also demand ummediae paynnent if One Borrower is not a natural person ran
<br />a bencilc al Interest In the Borrower is sold or tra sle rad. Iiowevcr, tender may not demand payment in the above situations if it Is prohnbbed by tr(lelat law as of the date
<br />of this deed n if trust
<br />24). Reronveyance. When the obligation secured by this deed of trust has been paid, and Lender Iraq no further obligation [o make advances under tilt uNrumcnL; or
<br />agreements seared by this decd of trust, the Tna,tee shall, upon written request ry the I ender, recorI the trust pnopetty. The Lender shall deliver to the Borrnvcr, or to
<br />Borrower', successor in interest, the trust deed and the note or other evidence of the obligation so satisfied- Borrower shall pay rev recordation costs
<br />21. Successor l rustee. Lender, at Lender's option, may remove Trustee and appoint it successor trustee by fist. mailing a copy of the substitution ul of site as required
<br />by applicable law, and then, by tiling the substitution o' trustee for record in the office of-the register of deeds of each county in which the trust property, or some part
<br />there(,[ ' is situated- The successor trustee, without conveyance of the property, shall succeed to all the power, duties. authority and title of tlne Trustee named In the teed of
<br />trust and of any successor trustee.
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