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COVENANTS 200208037
<br />1. Payments. Borrower agrees to make all payment, on We secured debt when due. Unless Brrmwer and Lender agree olharwoo, any payments ].ender revives dam
<br />Borrower or for Borrowers benefit will be applied first to any counts Bonower owes on Nc secured debt exclusive of interest or principal, reseed to Interest, and then to
<br />pdnelpal. It p.(a,l preen thentoflhe secured debt resets for any real It will not reduce or excuse any scheduled puy,ncnt until the secured debt is paid in tul1.
<br />Z Claims Against Title. Burro.... will pay all taxce, aeessmenu, and othm charges attributable to the property when due and will defend title to the property against
<br />ev claims which would impair due lien of this deed of trust Lender may require Borrower to as_tlgn any rights, dollars or defenses which Borrower may have agmnsl
<br />ponies who supply labor or materials to Improve or maintain the property.
<br />3. Insurance. Borrower will keep the property Moaned under sans acceptable to Lender at Ronswer's expense and for Lender's benefit All Insurance policies shall
<br />include a standard monger a Acute in Mentor Lender. Lender will be named as lose puyeeot m the Insured on any such insuranv policy. Airy Insurance proceeds may be
<br />applied, within Lenders discretion, to either the restoration or repair of We dourged 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. Property. But will keep the property in and condition and make all repairs W.aaably necessary.
<br />5. Expenses. Borrower agrees to pay all Lenders expenses, Including owsnmahie attorneys fees, it Borrower breaks an, covenants In this deed of taut or in any
<br />obligation ccvayd by this deed of[rust. Be,,,., will pay these amounts to lender es provided in Covenant 9 ofthis deed of mm.
<br />6. Prior Seen. its Interests. if Bellows, first obtains Lender 'tt vml .t Borrower will not make or peon t any changes to tiny prior ecurity noterriffs .
<br />Borrower will perform all of Borrowcr s obligation, t tdo, any pr or mortgage deed cffirest or other security agreement, including Borrnwers covenants to make p' y uenu
<br />when due
<br />7. Aastgmnent rf Rents and Profits boar '.'g In nder the renls and Profits ofthe popcm "less B v.— and l. d have aged rluwnc a ".'fall .
<br />Borrower may collect and retain the rents as toy us Borrower t in default If Borrows ill Lender. Lender " agent, or a court oriented recover may take
<br />p ... Man old manage the property and the not, . Any Who Lender II cu hall be applied first to the sts rat managing the property, - d' g seen costs and
<br />attorneys toes, tun, n ss ens W rental agents and any other necessary refined espouses The remaining amount of f eau will then apple W payments oil the secured debt as
<br />provided In Covenant I-
<br />S. Leaseholds Condominiums Planned Cnit Developments. Borrower agrees to comply with the provisions of any lease if this deed of trust is on Icosehold. 11 this
<br />deed oftruh is oa a hurl in o condominium oo a planned unit development Borrower will perfone all of Rorower's duties under the cove a nts, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Bemrwer fulls m perform, any of Borrower's dories under this decd of must, Lender pray perform the duties or
<br />cause Nan to be performed. Lcndcr may sign Borrower's name or pay any amount il'mecessary Bar perfirmho ee ]far' construction on N, property is discontinued or not
<br />carried on in a reasonable manner, Lender may du whatever Is necessary to protect Lender's security Interest In Nc property- This may include completing the construction
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<br />Lender's failure m perform will not include Lcndcr from exercising any rr its other rights under the law or this deed of trust.
<br />Any count, paid by lender to prober Lender's security unrest will be secured by this deed of lust Such amount, will be one on demand and will hoar Interest from the
<br />date of the povnent until paid in toll al the inte.ma rah, in effect on the sect, .I debt
<br />10. Default and Acceleration. If Borrower falls to make any payment when due or breaks any covenants trader this decd oftrust or tiny obligation secured by this deed of
<br />trust or any prior mortgage or deed of trust lender may aeccle seer, the maturity of the aeaured debt and demand innnediate p,mchtand may Invoke the power of sale and
<br />any other remedies permitted by applicable Inc.
<br />11. Requeat for Notice of Default it Is beery resettled that obpie, of no cones, ofdePard, and sal, be sent to tech Person who is a pan, hours, at Ne udders of each
<br />such person, as set Furth herein.
<br />12. Power of Sure. Bible lender houses [he p of sale. the I trustee hull most ,,,Did in the ()nice of the gister ol'deeds (it county wIftcrcrhn the trust property or
<br />to Flan or parcel thereof is situated a namee of dedsoult remaining My information required by law. The T move shall also l copies of tl a fallen of default m the
<br />Borer we I Person Who is - Part' n" d in the perso p F I by allpficidble law - Not less firen one anyth after the Forces records the i s of d lnnit
<br />or laws months if the t rest propen is not he an, ' p t d cap, or s it rose, and is ed in farming operations carried ran fly tile amosem, tie Trusts shall give public t e of
<br />sale m the persons it so the larner preserlbed by app] cable law. Trustee, without demand on Br rose hall sell the Property at public an'thell to the forest bidder. It
<br />occurred by the Farm Iloneslead Protection Act Trustee shal l off e if se in F rt too sales as reill a ed by ppl cable w. Trustee any postpone sale rf all or any
<br />parcel of the 1), 'openv by public gumboil at the time and place of any pav ously sall sale . Lender or 't dvarour, may polsou" the property at any sale.
<br />Upon rej pt of ps cut hills, pool bid, Tool Toolle hall del W II "UnIlme, Trustee deed surveying II c pmpeny The f a IS contained on I patois decd shall be
<br />permit there werearre of the truth of the Ardemart, ormareed thereto trustee fill pply the proceeds of the sale in the brl mng order () to II expenses of the sale,
<br />',eluding but not limited W, easurrob Trustee s tie reasonable monrcy c fees and reinstatement leer @) W all sums secured by this deed intrust, and (c) the balance if
<br />My, W tlm per ors legally entitled to revive it
<br />13. Foreclosure. AtLender'srption, this decd of trust cony be butclosed In the manner provided by applicable law for foreclosure of mortgages oil coal property.
<br />14. Inspection. Lender may enter the progeny W Manor It If Lender gives Borrower notice beforehand. The notice must stale Me reasonable calms, filar Lender's
<br />porter,
<br />15. Cnademmtual Burrower assign. to Lender the proceeds of award or claim lot damages connected with a condemnation or other issues, of all or any pan of the
<br />property. Such proceeds will be applied as provided In Covenant L '1 his assignment Is subject to the arms of any mionecuit, agreement.
<br />16. Waiver. By cxcressing airy Lechery available to Lender. Lends does ed give up any rights to later not any other remedy- By not exorcising any remedy upon
<br />Borrower's default, Lender does not waive any right to later consider the event a default im It happens again
<br />19. Joint ..it Several Liability; Cu- signers; Shl,,Wrrs and Assigns Bound. All done. under Ili, dad of dust arejoinl and several. Any Borrower who co-signs this
<br />deed ofvust btu does net co-sign the mail ing debt insban,enrs(s) dues or only to grant and ounces that Borrower's thereat in Nc property W thcTrustee raider the terms
<br />ethos dred orbital, In Minorco, a Borrower agrees that tile I - order and any other Borrower under this deed (it muff loss extend , modify or make any other changes it
<br />the terms of th -s decd ratmus orlhe secured del without that mu me"s, , coment and 'uhmat relcayoul that Borrower man tile terms afthiS d dofmnst
<br />The duties and benefits of this deed of em shall hind and bsectlt Me suweswrs and assigns of Lender and Borrower -
<br />IX. Nudes Unless ut etio,we inquired by law, any notice W Bummer shall be given by delrvemeg it or by maifmG it by vnific l mail addressed to Borrower of the
<br />pmpeny Adler, or an) other address that Bye has q,see to Icluds, ai we II Pel are notice to Lender b y confined had In I rather s address on page I of this
<br />decdoi trust. ra to unstable address which Leade l.dsgnbd Am, other boors WLands fall beset to l ender s address m Lill p,a,l fth'S deed otlrta.
<br />Any unreel shall be deemed to have been given to Borrower al order when 91,11 is the rummer saluted abuse
<br />19. Transfer either Property or a Beneficial Interest in the Borrower. It all or any pan ofthe pmpeny or any Interest in it Is sold or transferred without the Lender's
<br />pr'orwftten vment ILL,nderimery d and Immediate mourroutofthe racured dla Lendcrinao 'I ll d' moureI 'l re'runt it the Burnw,crishoL d natural person and
<br />abenefical interest llathe Borrower s solclortra ufeered. Hu,v,M, Lentl ormy nor demand payment in Me above situations 'fhisprohibited by fderal law as of the Nne
<br />ofNk deed oftrust.
<br />20. Remmveanee When To obligation sa I by des deed of trust h s been paid, and I. carder hate further obligation to take advances A the instrument, or
<br />agreements samed by this deed I must, the Trustee shall. upon or Men quest by the Lender, oseolwey dl a trust posters I he Lender shall deliver i the Borrower, or to
<br />Borrows," successor In interest Ua Most deed and the note or other c,ldcice our dhe obligation so satisfied. Borrower And pay any Lemrdauon costs
<br />21. Successor Trustee. Lender, atLender's option, may mine, I tattle and o,pci,,t a neccessnr trustee by Bet, mailing a copy oftheono, ithtion of trustee required
<br />by applicator Iw and then by filing the biti floone, fir, record iaO ,R lit ., i,,,stc, .1 fired, feach county on Which till t tp pill', mepart
<br />thereof is situatetl. The successor trustee, without convestrace ct tile property, unall succeed to all the power,dct- autho -ryand tide ofthe Tmsta named in the deed of
<br />Vein and rf aey successor theta,
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