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COVENANTS 200205685
<br />1. Postcards. Bormwer agrees to make all payments on the second debt when due Onless Borrower and Lender agree otherwise, any payments Lender receives form
<br />emrowcr or for Borrower's benefit will be applied Gallo any amounts Bonowe. owes on Wo secured debt exclusive of interest or principal, spread to Interes,, mad then to
<br />principal. If partial ppWayment of the secured debt occurs for any reason, it will not mduce or excuse any scheduled payment until the secured debt is paid in full.
<br />2. Claims Against 'I If,. 9onower will pay all vexes, assessments, and other charges attributable to the property when due and will defend Life to the property against
<br />any claims which would impair the her of this deed of oust. Lender may require Borrower to assign any rights, claims or defenses which Borrower may have against
<br />part;,, who supply labor or materials 1. improve or mandrill the pmpeny.
<br />3. Insurance. Senate, to will keep the property loaned under terms acceptable to Lender at Bormwer's caper. n and for Icall benefit. All hosperance pule es shall
<br />include a standard mortgage c lame in favor of Lender. Lender will be named as loss payee or as the insured on any such insurance policy. Any usuancc proceeds may be
<br />applied, within lender's it iscretinq to either the cNammion or 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 us Leader requires_
<br />4. Property. Borrower will keep (lie property in pod condition and make all rein its Ieasonabfy necessary .
<br />5. Exile B.nova agneea to pay all Lender exile alluding ne ..able antral fee,, if Bormwer hreaks a wants in This deed of post of in any
<br />obligation secured by this deal eft¢m. Burrow , will aps 'here umoe..bmLnude,,, provided jn Covenant 9.[this deed ufoust,
<br />6. Prior Security Interests. Unless Borrower Fast obrjnv Under s written contest, Borrower will not oaks or Perrot ally changes cn any prior ,ecanly, interests.
<br />Borrower will perform all of Borrower's obligations undo any prior mongagc, dart of trust or other security agreement, including Borrower's covenants to make payments
<br />when duo
<br />7. Assignment of Rents and Profits. Borrower assigns to Lender the rents and profits of the property Unless Borrower and Lender have agreed otherwise in wining,
<br />Bormwer may colhct and retain th, runs as long as Borrower is net in default If Burrower default,, lende, I. rder', agent, or a ono appointed is ry eke
<br />possession and manage the pmperty and collect the rents Any rent, Lender collet, shall be uppljd First in the costs of managing the propcny, including watt costs and
<br />attdmeys' fees, commissions to rental agents, and any other necessary related expenses. The remaining amount of rents will then apply to payments on the secured debt as
<br />provided in co —laid I.
<br />R. Leavoliolds; Condominiums; Planned Imil Developments. Bormwer agrees In comply with the provisions of any lease if this deed of trust is op leasehold. If this
<br />decd of beet is on o it in it condominium or u planned unit development, Burrower will perform all of Borrower's duties under the covenants, by laws, or regulations of
<br />The enndnmmirm or planned ..nit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails to platform, any of Borrower's duties under this deed of prior, Lender may perform the duties or
<br />cause them to be ie,fornld. Unde mey sign Be wwer's name or pay city umoant if necessary for Partial nanic If ally cmtmraction so tine pmpeny is discontinued or not
<br />camed on in a reasonable manna, Under may do whatever is nceasmy to protect Lender's sceurny interest in the propcny. I his may include completing the conswebion.
<br />Lender's failure to perform will not preclude Lender form exercising any offs ushernm, under the law or this deed trial
<br />Any amounts laid by Underact protect Under', swunty interest will he swuml by This deed ofbem_ Such amoum, will he tine om demand and will bear interest hour the
<br />data of the payment until paid in full at the interest role in effect on the scoured debt.
<br />10. Default and ACeelermion. If Biomass, fails to make any payment when due or breaks any covenants under this deed of nasl m any ubb,clar secured by this dad of
<br />cost or any prior mortgage or deed of cost Lender may accelerate the maturity 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 />11. Request for Notice of Default. It is hereby requested that copies of the notices of derult and to be sent to each person who is a party hero, at the add,,, of each
<br />such "con" a, se fah herein.
<br />12. Power of Sale. If the Lender invokes the power oI als. the Tmscee shall first record in the office ofthe register ofdeeds of each county wherein the bast property or
<br />rte pan u parcel thaw[ is otur d a police of defoult evolution, the infonnmtiom fequlrd by law. The Trust, shall ubo mail copies of the notice of default to the
<br />Borrower, to each person who is a patty hereto, and to other pars as presented by applicable law. Not IA,i than one month alter the Trustee records the notice of default
<br />or two months if the trust property is not in any incorporated city m village and is used in putting rewarder, carried on by the mTmor the Trustee shall give public notice of
<br />sale to (lie persons and in the rummer prerecord by applicable law_ Tmscee, without demand on Burrower, shall cell the property at public auction to the highest bidder . If
<br />requimdby the Pam. Homestead Protection Act, Trustee shall offcrthe property In two separate sales as required by applicable law. Tmsrocmayposipnnesale(ifallnraity
<br />,,aeanfthepmpeiarc by public announce mw I at time and place nfary previnn,ly scheduled sale Leander or its designee may purchase the property of any sale.
<br />treat receipt of payment of the pace hid, Tmscee shall deliver to the purchaser Trnaec's deed conveying The pmpeny_ The recitals announced in Trustee's deed shall be
<br />pm a fac vidie of the wIh of tine slulnnnns conldind Gmre it Tome, shall apply lire pmceeM1s of the sale a the following order (a) to all expenses of the sale,
<br />including. but not limited to, reasonable Trustee's fees, reasonable attorney's lees and reiosutemeat fees; @) to all sums secured by this deed of most and fm) the hale ace, if
<br />any, to the persons legally entitled to nearly, it
<br />❑. Foreclosure. At Under 's option, this decd ofwsm may he f reclesed in the manner provided by applicable law for foreclosure of mortgages on nevi properly.
<br />14. Inspection. Underplay tort the property pro inspect it it Lends gives Bormwer notice beforehand. The notice muse smce he reasonable cause fr, Trend,.'s
<br />n,wition
<br />15. Condemnation. Borrower assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other Taking of all an any pan of ❑ e
<br />p.,,f, Such proetieds will be applied as pmvidd in Covuionm 1. This esslgreenl is subject it) Ireterra efany pnor,menty agreement.
<br />16. Waiver. By exercising any remedy available to Under, Lender does not give up any rights to later rise any other remedy_ By pint owed —Is any remedy upon
<br />Bomnweta data.),, Lendeadoes nut waive any right 1. loop consider the event a default if it happens again,
<br />17. Joint..,,it Several Liability; Coaignms; Sure .... rs and Assigns Board. All duties under this ded .f noel airport uad several. Any Penowcr who co -signs this
<br />deed of hard but does not w -sign the underlying debt Instrumcnaist does se only to gmnt and convey that Borrower's Interest in the pmpetry, to the Toaster, under the banns
<br />of this deed of most In addition, such a Borrower agrees that the Lender and any other Borrower under this deed cf bust may estand, modify, or ..mke any other changes in
<br />the temw ofthis deed oftest or the nprtuod debt without dam Bunvwers convent and without colva log that Burrower form the Icons of this dead of wet.
<br />The duties and benefits of this deed of oust shall hind and henefi, The _eave ... as and ..,signs of I ender and Rormwer.
<br />18. Notice. Unless othrrvise acquired by law, any notice to Borrower shall be given by delivering it or by mailing it by certiBeal mail addressed in Rormwer at Ilse
<br />pmpeny address orally other address that Ronnwa lips given to Lender. Bonawe will give any notice to Lender by certified mail to Lender's address on page 1 of this
<br />bed ufhost or to any otheruddresx which Lender has designate. Any other nonce to Under shall bc nor o Under 'a address as stated on page l ofhis dead ofwm.
<br />Any notice shall be dre nd w have been given w Burrower or Leader when given in the manner stated above.
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. If all or any part of the p.party or any juiciest in it is sold or transferred without the Tender s
<br />pniurwntt wuonsnn, LnWnnnaydenandlmnnedialepuymmtofNe ,c <unddcbt Lcndcrmay also demand immediate paymenGf the Borrower is not a natural pennn and
<br />a beneficial interest in the Borrower is sold or transferred . However, Lender may not demand payment in be ahnvc simwt inns if it is prohibited by faleml law as of the data
<br />of this del of tmm.
<br />20. Reennvar anee. When the obligation secured by this deed of oust has been paid, and lender has an fimher obligation to make advances under the mstumem or
<br />agreements seemed by this deed of trust die Tinay, shall, upon wnllw request by the Lender, rcwnycy the host propcny, The Lender shall deliver to the Borrower, or to
<br />Be.,a,a tceal fn iocacd,the wse decd and the note or other evidence of the obligation so satisfied. Banners shall pay any recordation cams.
<br />21. Burrow- n-TIsLLV. Linder, at Larder', option, may ..,alpostal, and appoint a sucecssorpastry by first, mailing a copy ofbhe substitution of trustee its required
<br />by applicable law, and then, by filing the substitution i f mo ce for record in the office aide regisuer of deeds of each county In which bile trust property, or some pun
<br />thnwQ I, da med. The successor tumpr, without conveyance of (lie pmpeny, Shull succeed to .11 the power, out,,,, amhoriry and title of Trust. named in the deal of
<br />W,I ad if any sucue,,m houses.
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