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<br />principal If partial prepayment of the secured debt occurs for.nn} reason it ",I I I not reduce or excuse any scheduled payment unfit the secured debt is Paul in full.
<br />2, Clairns Against Title,. Borrower will pay ell taxes, assessments, and other charges attributable to the property when due and wall defend hole to the property ev,ailim
<br />any clahns which would impair the lien of this deed of Trust tender roily redulre Borrower to assign m, ufehrs, claims or defenses which t3ormwcr map has, against
<br />parties who supply labor or materials to improve o ai
<br />r mnlain the property_
<br />3. insurance. Borrower will keep the property m.sured under terms acceptable to Lendet at Borrowers expense and for Lender's benefit. All Insurance policies shall
<br />include It standard mortgage clause m laver of Lender. Lender will be trained as loss payee or as the insured on any such insurance policy, Any insurance proceeds maybe
<br />applied, within Lerner s discretion, to either the restoration of repair of the damaged property or to the secured debt, If Lender requires mortgage Insurance, Borrower
<br />agrees to maintain such Insurance for as long as Lender requires
<br />4. Pr ripely. I3orroa -er wi II keep the property in good condition and make all repairs teusonabfy necessary.
<br />to Lender as provided in Covenant 9 of this deed of trust .
<br />first obtains lender's written contest, Borrower will not make of penito any chanres to any poor ,ecnrity nue"sis.
<br />under any prior mortgage, deed A bust or other wcur its agreement. deluding, Rormaer s unvcn lit i " mare I'mmerts
<br />7. Assignment of Real, and Profits. Borrowct a,vt}ns to Lender the rents and profits of the property Irnless Borrower and Lender have agreed otherwise in writing„
<br />Borrower may lope,( and ectain the rents as long as flon'ower is not in default If Borrower defaults, Linder, Lenders agent, or a courz apprmand receiver only in c
<br />posseavon and manage the property and collect the rents. Any rents Lender collects shall be applied first to the costs of marnagmg die property, including court costs and
<br />atront s,' Ice,. conloo"Jons to rental agents and env other necessary related expenses. The remainingumount of cents will then apply to payments an the seemed debt as
<br />provided n Covenant t.
<br />S. Leaseludds; Condominiums; Planned Unit Developments, Borrower agrees to comply with the provisions of any lease if this deed of trust is on karcifirdif frills
<br />deed of trust is on a unit in a condominium or a planned unit development, Borrower will perform all of Borrower's clothes under the covenants, bylaws, or regulations of
<br />[he condomhumn or planned unit th velopmernt, '4
<br />9. Authority of tender to Perform for Borrower. If Borrower fails to perform, any of Borrower's duties under this decd of trust, bender may perform the duties or
<br />cause them to be verformed. Lender may sign Borrower's name or pay any amount if necessary for performance_ If any wnstrnefiorr on the property rs distumtinued or not
<br />carried on in a reasonable manner, under may do whatever is necessary to protect Lender's secu9ty, interest in the property. This may include completing the construction.
<br />ixnder's failure to perform will not preclude Lender from exerersing any of its other rights under the law or this deed of Crust.
<br />Anv amounts paid by Lender to protect Lender's seem fly interest will be seemed bs this deed of trust_ Such amounts will be due on demand and will bear interest fmm the
<br />date of the payment until paid in fief at the Deletes[ rate in effect on doe secured debt
<br />10, Default and Acceleration. If Borrower fails to make any payment when due or breaks any covenants linear this deed of trust or any obligation secured by this deed of
<br />trust or any prior mortgage or deed of trust, Leader may accelerate the maturity of the secured debt and demand immediate payment and may invoke the power of sale and
<br />person, as get
<br />32. Poore uf'Sale. if the i ondc o" ac, the p nil of Id ,ale, ttre I ruuce shall rest record III i x office of tnc fe,yister of deer, M each oust, , Worm ttu. rom properly or
<br />some part or parcel thereof is situated a notice of default containing the information required by law. The Trustee shall also mail copies oflhe malice of default to the
<br />Borrower. to each person who is it party hereto, and to other persons as prescribed by applicable law. Not less than one month after tire Trustee records the notice of defauh,
<br />or two months if trust property is not in any incorporated city or village and is used in taming operations varied on by the bolster, the trustee shall give public notice of
<br />sale to the persons and in tare manner prescribed by applicable law_ "I rustee, without demand on Borrower, shall sell the property at public auction to the highest bidder, if
<br />required by the Farm Homestead Protection Act, Trustee shall offer the property in two separate sales its required by applicable law. Trustee may postpone sale of alt or any
<br />parcel of me property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the property sit any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the property. 'file recitials contained in Truuuz s deed shall be
<br />prima facie evidience of the truth of the statements contained therein_ Trustec shall apply the proceeds of the sale in the following order is) to all expenses of the sale,
<br />including, but not limited to, reasonable Trustee's fees, reasonable attorney's fees and reinstatement fees, (b) to all sums secured by this deed of trust, and (c? the balance, if
<br />any, to the persons legally entitled to receive it.
<br />13. Foreclosure, At Lender's option, this deed of trust may be foreclosed in the manner provided by applicable law, for foreclosure of mortgages on real property.
<br />14. Inspection. Lender may enter tine properly to inspect it if Lender gives Borrower notice beforehand. 'the notice mtut state the reasonable cause (or l,under's
<br />inspection.
<br />1i, Condemnation Borrower asmetns of Lender the proceeds of any award or claim for damages connected with If condemnation or other taking of all or any part of the
<br />property_ Such proceeds will be applied as provided in Covenant r. this assigmncnt is subject en die terms of any prior security agreement_
<br />16. Waiver. B,, xcrasing any rennedy available to Lender, Lender does not give on any rights to later use any other remedy. By not exercisma any remedy upon
<br />Borrower's detault, Lender does not waive any right to later consider the event a default if it happens again.
<br />17. Joint and Several Liability: Co- signers; Successors and .Assigns Round. All duties under this deed of trust are joint and several. Any Borrower who co -signs !his
<br />deed of Trust brit does not co -sign the trio sing debt inAnuncnts(s) does so only to grant mid convey that Borrower interest in the property to the Touter under the terms
<br />of this deed of trust. In addition, such a Borrower agrees that the Lender and any other Borrower under this deed of trust may extend, modify or make any other changes in
<br />the [Cliffs ofthis decd of trust or the +.cored debt without Gnat Borrower" consent and without releasing that Borrower from the terms of this deed of trust -
<br />cary "^a `P "��'°'°'%n n'fY+Y."++^' ^^v+SFW+a ili 'mrciMttwsP'mmar?rtNnii�iflsmSF,' "rmar uh!se 5,nq;.,c.
<br />I'he duns and bench is ufthn deed of his[ shall bud and benefit tie successor and assignsbfLender and Borrower
<br />M ,'Notice. Irnless otherwise required by law, any nonce to Borrower shall be given by delivering it or by mailing it by certified mail addressed to Borrower at the
<br />propem addresr. or any other address that Borrowct has gircn to Lender_ Bornnevr will give any notice to Lender by certified mail to Lcnder's address on page 1 of this
<br />deed of trust, or to any other address, which tender has designated. Any other notice to Lender shall be sent to Lender's address as stated on page I of this deed of trust
<br />Any notice shall be deenned to have been given to Borrower or Lender when "Ivan or the manner started abnvc.
<br />19. Transfer of the Property or a Beneficial loon est in the Borrower. if fill or any part of the property or any interest in it is sold or transferred without the Lender's
<br />pilot written eonseut, Lender may demand immediate pro resent of the secured debt. Lender may also demand immediate paynncnt if the Borrower is not it natural person and
<br />it henehcial interest in the Borrower is sold or transferred. Ilowcver, Lender may not demand payment in the above situations if o is prohibited by federal law as of tine date
<br />of this deed of trust
<br />20. Recomeyance. When the obligation secured by this deed of trust has been paid, and Lender has no further obligation to make advances under the instruments or
<br />agreements secured by this deed of trust, the'rmstce shall, upon written request by the lender, reconvey the trust property The Lender shall deliver to the Borrower, or to
<br />Borrower s successor on Interest, the trust deed and the note or other evidence it the obligation so sausfled. Borrower shall pay any recordation cosec_
<br />21. Sucecssnr Trustee Lender, m bender's option, fray remove i7ustee and appoint a successor trustee by first, trailing it copy of the substitution of trustee as required
<br />by applicable law, and then, by filing the substitution of trustee for record in the office of the register of deeds of each county iu which the trust property, of some part
<br />thereof; is situated Tire successor ousme, without conveyance of the properly, shall succeed to all the power, duties, authority and title of the Trustee named in the deed of
<br />trust and of any successor if recce.
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