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4:C)A'P;NAN'TS
<br />1. Payments. Borrower noires to make all payments on the secured debt when (Inc - Unless Borrower and Lender agree otherwise, any payments Lender receives ('rain
<br />Boifewer or for Borowa's benefit will be applied first to any amounts Borrower owes on the secured debt exclusive of interest or principal, second to interest, and then to
<br />principal it partial prepayment of the secured debt occurs for any lesson, it will not reduce or excuse any scheduled payment until the seen red debt is paid in full.
<br />2. ( plans Against 1 itie Borrower wit( pay all nixes, assessments, and other einarges attributable to the property when due and will defend title to the property against
<br />any clams, which would Impair tale lien of this deed of trust. Lender may require Borrower to assign am rights, claims or defenses which Borrower may have against
<br />partiaswho supply label r materials to improve or maintain the property.
<br />3. insurance. Boi,'rower will keep the property _ insured under Terms accepridt to Fender at Tfoaowcr's expense and for Lender's benefit All fi stu nce policies shall
<br />include a standard mortgage clause uh favor of Lender. Lender will be named as loss payee or a%the insured on any such insurance policy- Any insurance proceeds may be
<br />applied, within lender's discretion, to either the restoration or repair of the damaged property or to the e uncd debt. if Lender requires mortgage insurance, Borrower
<br />agmet to maintain such insurance foss Long as Lender requires.
<br />9. Property. Borrower will keep the property in good condition and makr all carcass reasonably necessary_
<br />5. Expenses. Borrower agrees to pay all Lender's expenses, including reasonable attorneys' fees, if Borrower breaks any covenants in this deed of trust err In any
<br />obligation secured by this deed of oust. Borrower will pay these amounts to Lender as provided in Covenant 9 of this deed of trust.
<br />fi. Print- Security interests. Unless Borrower first obtains lender's written contest, Borrower will not make or permit any changes to any prior security interests.
<br />Borrower will perform all of Borrower's obligations under any pilot mortgage, deed of trust or offset security agreement, including Borrower `s covenants to mill:' payments
<br />when due
<br />7. Assiumnent of Rents and Profits. Borrower assigns to Lcnder the rents and profits of the property. Li less Borrower and Lender have agreed otherwise in writing,
<br />Borzower may collect and again the rents is long as Borrower is not in default. if Borrower defaults, Lender, Lenders agent, or a court appointed receiver may take
<br />possession and manage the property and collect the rents. Any renU Lender collects shall be applied first to the costs of m inasing the property, including corm wsn4 and
<br />attorneys fees, commissions to rental agents, and any other necessary related expenses. The remaining amount ofrents will then apply uo payments on the secured debt is
<br />provided in( overlain 1.
<br />S. Leaseholds; Condominiums; Planned Unit Developments. Borrower ag ecs to comply with the provisions of any (case if this deed of [rust 9s on leasehold_ ifdue,
<br />deed of It is on it unit in a condominium or a planned unit development, Borrower will perform all of Borrower's duties under use covenants, by law:, or regulations of
<br />the condominium or plumed unit development.
<br />9. .Authority of Lender to Perform for Borrower. if Borrower fails to pertonn, any of Bomower's duties under this deed of trust, Lender may perform the duties or
<br />cause them IT be performed Lender may soul Borrower's name or pay any amount if necessary for performance. If any construction on the property rs discontinued or not
<br />carried on m a reasonable manner, Lender may do whatever is necessary to proicch Lender's security interest in the properts this fray include completing the construction.
<br />Lender's failure to perform will not Preclude Lender front escycedlul any of its other rights under the law or fl us deed of trust
<br />Any amounts paid by lender m protect Lender's security interest will be secured by this deed of trust Such amounts will be due on demand and will bear interest from the
<br />date of the payment until paid in full at the interest rate in effect on the secured debt.
<br />10. Default and Acceleration. If Botower fails to make any payment when due or breaks any covenants under this deed of trust or any obligation seemed by this deed of
<br />trust or any prior mortgage or deed of trust, Lender may accelerate the mineral, of the secured debt and demand immediate payment and may invoke the power of sale and
<br />any other remedies permitted by applicable law.
<br />It. Request for Notice of Default. It is hereby, requested that copies of the notices of default and sale be sent to each person who is a cam hereto, at the address of each
<br />such person, as set forth herein.
<br />12. Power of Sale, ifthe Lender invokes the power of sale, the Trustee shall fns[ record in the office ofthe register of deeds ofeach county wherein the trust property or
<br />some part or parcel thereof is situated a notice of default containing the information required by law. The 'frustec shall also mail copies of the notice of de hand I to the
<br />Borrower_ to each person who is a party hereto, and to other persons as preso ihed by applicable law. Not less than one month after the Trustee records the notice of default
<br />or two montu if the trust Drollery is not in any incorporated city or village and is used in farming operations carried on b } the uustor, the Trustee shalt give pubf ie notice of
<br />sale to the persons and in the manner preset {bed by applicable law I rosier, without demand on borrower', .shall sell the property at public auction to Inc highest helder'- if
<br />required by Inc Farm Homestead Protection Acl. Trustee shall offer the property (n two separate sales as required by applicable 'law. I ru,tc' may postpone saic )Pali or any
<br />parcel tit property by public announcement at the time and place of any previously scheduled sale Lender or Its designee will purchase the property at any sale_
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purhaser 7 iustee's deed conveying the properly. The recilials contained in Trustee's deed shall be
<br />prima face evidience of [he truth of the statements contained therein. "trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale,
<br />including, but not limited to, reasonable Trustee's fees, reasonable attorney's fees and rcinstatenun fees, (b)" all sums secured by this deed oftrust, and (c) the balance, if
<br />tiny, to the persons legally entitled to receive it.
<br />13. Foreclosure. At Lender's option, this deed of trust may be imeclosed in the manner provided by applicable lass- for fihreclosure of motgages on real property.
<br />14. inspection. Lender may enter the property to inspect it if Lender gives Dorrowci notice behorehand. The notice mfrs[ state the reasonable cause for Lender's
<br />inspection.
<br />15. Qmdcnma0on Borrower assigns to Lender the proceeds of award or claim for damages connected with a condemnation or other taking of or any part of the
<br />property Such proceeds will be applied as provided in Covenant 1. This assignment is subject no the terms of any prim security agreement
<br />16. Waiver. By exercising any remedy available to Lender. Lcnder does not give up any rights to later rise any other remedy. By not excrcism any remedy upon
<br />Borrower's default, 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 Bound. All duties under this deed of trust are join[ ofd several. Any Borrower who co -signs this
<br />deed of trust but does no[ co -sign the underlying debt instrumens(s) does so only to "rent and convey that Borrower's interest in the property to the Trustee 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 it may extend, modify or make any other changes in
<br />the terms of this deed of trust or file secured debt without that Borrower's consent and without releasing that Borower from the ferns if hit,% deed of trust
<br />the duties and benefits of this deed )fit off shall hind and beneff the wcces,nrs and 'assigns (,I Lender and Borrower'.
<br />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 to flonower at [he
<br />property address or any other address that Boaower her given to Lender. Borrower will give any notice to Lender by certified mail to Lender's address ou page I of this
<br />deed oftrust, or to any other address, which Lender ties designated- Any other police to Lender shall be sent to Lender's tidiness as stated on page 1 of this deed of trust.
<br />Any notice shall be accrued to have been given to Borzower or Lnder when given in the manner stated above.
<br />19. 1 ransfer of the Property or a Beneficial interest in the Bo's ower. ffall or any part of the property or any interest in it is sold or transfcred without the Lender's
<br />prior wnuen consent, Lender any demand immediate payment of secured debt Lender may also demand immediate paymcnt if the Borrower is not a natural person and
<br />a beneficial interest in the Borrower is sold or transferred. However, Lender may not demand payment in the above situations if it is prohibited by federal law as of the dale
<br />Of this ;teed of trust.
<br />20. Reeonveyanee_ When the obligation secured by this deed of trust has been paid, will Lcnder has no further obligation to make advances under the instruments or
<br />ne'r.°.cnnLms secured by this deed of trust, the Trustee shall, upon written request by the Lender, reconvey tine trust property. I lie Lender shall deliver to the Borrower, or to
<br />Boruwc uunssnr in interest, the trust deed and the note or other evidence of die obligation so satisfied Borrower shall pay wry recordatrou costs.
<br />21. Successor I rush". Lender, at Lender's option, may remove Tmstce and appoint a successor trustee to first mailing a copy of-the substitution of vast.c as required
<br />by applicable law, and then. by filing the substitution of trustee for record in the office of the register of if ede of each county in which the trust property, ill some put
<br />thereof, is situated_ the successor trusac, without conveyance of the property, shalt succeed to all the power, dukes, authority and title of the Trustee named in the deed of
<br />trust and of any successor trustee.
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