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COVENANTS 200208102
<br />1. Payments. Borrower agrees to make all payment, on the secured debt when are Cnless Borrower and Leader agree otherwise, my payments Lender receives from
<br />Bottrop, or for Sunnwer's benefit will be applied first to any amomins Borrower owes on the secured debt exclusive ofinterest or principal, second to Interest and then to
<br />principal. financial prepayment of Ne secured debt occurs for any reason, it will not reduce or excuse any scheduled payment until the secured debt is paid in full.
<br />2. Claim Against Title. Burrower will pay, all luxe,, mscou cob, and oiler charges mumutable to the property when due mtl will defend tide to the property against
<br />nv claims which would impair the Iicn of this dad of must Lender may require Borrower to assign any rights, claims or defenses which Borrower moy lave against
<br />panics who supply labor or materials m improve or maintain the property.
<br />d. Insurance, Borrower will keep the properly Insurad under rends acceptable to Lender at Borrower's expanse and for Leader's heneth. All Ipsnrare, policies stall
<br />include a octa rd mortgage clause In favor offender Lender Lender will he named as loo, payee or as the insured an any such incpence policy. Ad, asurmme proceeds may be
<br />applied, wiolin Leader's disruption- W either the resmrntion or repair of Ilie dmoaged pmpeny 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. Borrower will keep the property In good confident and make all repairs reasonably necessary.
<br />5. Expenses- Borrower agrees to pay all Lender `s expenses, including reasonable attorneys tees, If Borrower breaks my covenants in this dad of must or in any
<br />obligation secured by this dad of trust. Borrower will pay these amounts to Lender as provided in Covenant 9 ofthis deed oftmst.
<br />6. Prior Security Interests. Unless Borrower first obtains Lender's written modest, Borrower will not make or permit my changes to my prior security Inmrews.
<br />Borrower will perform all of DOrrowcr's obligations under any prior mortgage, dcctl of trust or other security ' agreement, including Borrower's covenants to make ache as
<br />when due
<br />7. Asaignmrnl of Rents and Profits. Borrower assigns m Lender fire rents and profits of the property. Unless Borrower and Lender have agreed otherwise is writing,
<br />Berrmwer may scatter and resin the rears as long as Borrower is not in default If Borrower defaults, I order, Lender's agent or a curt appointed receiver may take
<br />possession and manage the property and collect the rents. Any rents lender collects shall be applied first to the vests of managing the property. Including court casts and
<br />attorney,' fee,, cu antro ma, to rental agents_ and my enter nwes,ary ,dated expenses the remaining mount of rents will then apply to payments on the secured debt as
<br />provided in Covenant 1.
<br />S. Lcaaelulds; CmNmn inimns; Planned Cain Developments. Borrower agrees W comply with the provisions of Icwe if this deed of must is on leasehold. If this
<br />deed oftrust is on a unit in a condominium or a planned unit development, Borrower will perform all of Rorrowxr'r Fairs under the covenants, be lawn, or regulations of
<br />the condominium or planned unit development
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails to perform, any of Rormwei s duties under this deed of oust Lender nay perform the duties or
<br />coupe them to be performed. Lender may sign Per ov ei s name or pay any amount If necessary for performance, If my construction on the pmpeny is discontinued or not
<br />carried on in a reasonable mmner. Lender may do whatever is necessary W protect Lender s sccuriry interest in me propmy. This may he ode completing the consolation_
<br />Leader's failure to perfomt will not ptvalade Lender front exercising any of its cola,, rights under the law or this decd oftmst
<br />Any amounts paid by Lender to protect Lender's security interest will be secured by this deed oftma. Such amounts will be due on demand reed will bear Interest Thom the
<br />dare of the eminent hall and in full to doe interest rate in effect on the scoured debt
<br />10. Default and Acceleration. If Borrower fails to make any payment puts due or breaks any accounts under this deed afford or any obligation secured by this decd of
<br />from or any prim nhmtmo, in deed prompt, Lender hilly accelerate the memory of der 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 Native of Default It is hereby recouped that copies of ohm notices ufdefaul( and are be sent to each person who is a parry hereto. at the address of each
<br />such person, as set Iona herein.
<br />12. Power of Sale. If the Lender unmakes the power of ola- tie Trustee ,fall Bmt record in the office of the register of deeds ofcach county wherein the must property or
<br />some part or pared thereof is situated a notice of default containing the information required by law. The Trustee shall also mail copies of tie notice at default to the
<br />Rorrnwer, m each person who Is a parry herein_ and In other persons as prescribed by applicable law_ Not less than one month after five rusrec records the notice of default,
<br />car taro s"Whs il'thu ors( pmpMy is nut in my inuurpu sled ay urvialage and is used in farming operations owned on by the grain, the Trustee shall give public cola of
<br />sale to the persons and in file manner prescribed by applicable law. Trustee, without demand on Recover, shall sell the pmpeny st public auction to the highest bidder. If
<br />lectured by the Farr Hnmestoed Pur ion Act, 'I owds, shall offer the property in two separate sales m required by applicable law, 'hu¢a may postpone salt ofall or any
<br />porcel ofthe pmpeny by public mnuuncement m the time and price of any previously scheduled sale Lender or its designee may purchase the property at any sale
<br />Coon receipt of levina t ofthe price bid. Trustee shall ddicer to tire pumhmer Trustee's deed com -eying the property _ 'Be recitials contained In Toddree s deed shall be
<br />prima fident orsherace of the truth ofhe statements contained Nereid Trustee shall apply the proceeds of the sale In list following older: la) W ill expenses of the sale.
<br />including, but not limited to reasonable Trustee's feu, reasonable aoomey's fees and reinstatement fees, (b) m all sung secured by this deed of trust, and (c) the balance, If
<br />any_ to the persons legally entitled to receive It
<br />19. Foreclosure. AtUnder, option, this deed oftma may hefareclosed in the hornet provided by applicable law for foreclosure of mnngagcs on real property_
<br />14. Inspection. Lender may enter the propcny to livivi It if Loader glues Rcrrawcr notice beforehand. The noti r mull state the or bit cause for Lender's
<br />uspection
<br />15. Condemnation Borrower assigns to Lender the prneaads efony award or claim for damages connected with a condemnation or other taking of all or any pan ofthe
<br />property. Such proceeds will be applied w provided in Covenant 1.'Imi, assignment is sub)ectro the terms ofany prior security agreement.
<br />16. Waived By exercising any remedy available to Lender, Lender does not give up any rights to later use a y other rented, By not exorcising am} 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; Cu-aigners; Successors and Assigns Bound. All duties under this deed of roan are fund and several. Any Borrower who w-xugns Nis
<br />dad of must but does not co -sign the underlying debt olumaems(s) lines so only to grant old convey Nut Borrower s uproar in the Otop,, to the Trustee under, the teats
<br />ofthis deed oftmst In addition mid, o Borrower agrees (hut the Lender and any other Borrower under this deed oftrust may extend, modify or make any color changes in
<br />the terms ofthis deed of W at or the scured debt without that Borrowers consent and without releasing that Borrower from the tends of this deed oftrust,
<br />The dwirs and benefits of (],is dal of tmst shall bind and benelit the successors and assigns of Lender and Borrower
<br />IR. Notice. Unless otherwise required by low, any notice to Borrower shall be given by delivering it or by mailing it by ecnified mail addressed to Briumor an the
<br />property address at any other address Fiat Bo mover has given to Lender. Borrower will give my price h leadorhy oenlfied mail to Lander s address on page 1 l this
<br />dcctl of trust, orto my other address. which Lender has designated_ Anyothernolice to leadershall be sent to Leader 's address msmtcdrm page l ofthis deed ofime.
<br />Any notice shall be deemed tc have been given to Borrower or Lander when given In the manner stated above.
<br />19. Transfer oftbe Property or a Beneficial Interest in the Borrower. (fall orally pan of the property, or any Interest in it is sold or transfeued wWiou( the Leader s
<br />prior ontles consent Londcr may demand improckoc payment of the secured debt leader may also ethanol immodiae payment if the Dorrowcr Is occasional person and
<br />a bcncficlal interest in the Borrower Is sold or transferred_ Hawever leader may no( dll payment in the above situations if it Is prohibited by federal law w otthc data
<br />of this deed of [lest.
<br />20. Reernveyanre. When the obligation secured by tills deed of rival has been paid. and Lender has no father vibration to coke advances under Be instruments or
<br />agreements secured by this decd of must. the r rostra shall, upon written rogamst by the fender, recohvey (lie trust pmpeny. the Lender shall deliver to the Rrrrowea or to
<br />Borrower's successor In Interest the trust deed and the note or other evidence of the obligation so satisfied. Borrower shall pay any recordation costs.
<br />21. Successor Trustee l endeg at l ender 's opt ion, may removn Trustee and appoint a successor trustee by first mailing a copy of the snhstlnniorr uRrus(ee as required
<br />by applicable law, mid Wei, by filing me substitution of Whose for record In the office of the register of deeds ofcach county In whidi the trust property, or some pan
<br />thereof. Is situated. The mode. ..cases, without conveyance oftbe Poetry, tart succeed to all the power, duties, authority and title ofthe'husrcc named in the deed of
<br />mist and of any she eessor trustee
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