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°°ENANfh 200209837
<br />1. Payments. Borrower agrees to make all payments on the scoured debt when due IJet,,, Borrower and I end,, agree otherwise, awy payments Lender receives tram
<br />Borrower of for Bomower's b rov
<br />enefit will be applied fins to any amounts Butcher es on he begred debt exclusive of interest or principal, second to interest, and then to
<br />principal. If partial prepayment arm, secured debt occurs for any reason, it will not reduce orexcus, any sdlrAUled payment unit the secured debt is paid in full_
<br />2. Claims Against ']'file Borrower will pay all tad, ascssmellls, and otlter charges attributable to the property when due and will defend title to the propcny against
<br />any claims which would Impart The lien of IT is decd of oust Leader may require Bortrose, to assign any tights, claims or defenses which Borrower may lave against
<br />parties who supply labor of materials to improve or maimam the property.
<br />3. Insurance. Borrower will keep the property insured undo, form, acceptable to Lender st Borrower's expense cud IBr Lender's benefit. All haucher, policies shell
<br />include standard mortgage clause in favor of Lender. Lender will be named a loss payee or n Joe insured on any such insurance policy Any insurance proceeds may be
<br />applied, within Lender's discretion, W either be restoration or repair of the damaged property or to the secured debt. If Lender requires mafgoge 'mwearanc, Borrower
<br />agrees W maintain such insurance fora long a Lender requires.
<br />i. Property. Borrower will keep the property in good condition and make all repairs reasonably necessary.
<br />5. Ecpense,. Borrower agrees ro pay all Lender's expenses, including maser able attomcy,' fees, if Borrower hreaks any covenants in this deed of trtnt or in ww
<br />obligatian secured by hrs decd uRmst. Borrower will pay []lose amounts to Lenders provided in Covenant 9 ofthis decd of true. -
<br />6. Prior Security Interests. Unless Borrower fin, obelus Lowder', written contest, Borrower will not make or permit any changes to any prior secants interests_
<br />Barmwerwill perform all of Borrower's obligations under an) prior mortgage, deed ofoust or other security agreement, including Borrowers covenants W make payments
<br />wbcn due.
<br />7. Assignment of Rents and Profits. Borrower assigns to Lender the rents and profits of the property . Unless Borrower and Leader have agreed otherwise in writing
<br />Bon'mver may rolled and lain the rents as lone w Borrower Is not in droull. If Borrower default,. Lender Lender's agent or a court appointed uciv,, may mkt
<br />p rid mmoage he popery awl wiled the rue. Ay -tLd lIT shall be appled first to tile crisis of managing the property, teruGrg noun costs and
<br />allows) fees, en ihhasarrahys to motel agents and silly other necessary related expenses. 'fhe remaining amount Of retire will then apply W payments nts on the secured debt as
<br />provided in Covenant I.
<br />S. Leaseholds; Candurn minand Planned Unit Bevelopmenb. Borrower agrees W comply with be provisions ofany lease it this deed of trust h an leasehold_ It does
<br />decd oftmst is on a unit in a communion or a planed unit development, Borrower will perform all of OCrower's duties ,coder on wrvenants, by law, or tegulatena of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for Borrower If Borrower fails to perform, any of Borrower's duties under this deed of trust, Lender may perform the dudes or
<br />cause them W be performed_ Lender may sign Borrowers name or pay any amount if necessary for performance . If any construction on the property is discontinued or not
<br />carried on in a reasonable rummer. Lender may de whatever is necessary to protect Lender's seeurimy interest in thepmpeny This may include completing the conutrumion.
<br />Lender's failure in perform will not preclude Lender from exercising any of is other rights under the law or this deed oftrust
<br />Any amends we by Lender m pruted Lender's security interest will be secured by this deed of trust Such amount, will be tine on demand and will bear intemst from the
<br />date offing payment until paid in full at the interest rate In effect on the secured debt.
<br />10. Default a rid Acceleration. If Borrower fails to make any payment when due or break, any covenants under had deed of trust or any obi igntion secured by this deed of
<br />rant or any prior mortgage or deed of trust, Lender may accelerate the maturity of located debt and demand immediate payment and may invol.e the power of laic and
<br />any obe, wonder, permitted by applicable law.
<br />11. Requeat for Notice of Report I. It is hereby requested that copies of The notice, of default and sale be seat W each person who is a party hereto, at the address of each
<br />such person as set foNh below
<br />12. Pow erofSafe. If the Lender invokes tine power of sale, be'rTested she l first record is the office ofbc register of deeds of wk county, forced the trust property or
<br />,.me part or parcel ttervof Is shouted a native of default containing the Information required by law. 'fhe Trustee shall also mail copies of the notice of default W the
<br />Borrower, to each person who is a parry hereto, had W other person, is prescribed by applicable Inv_ No! less ban one month after the mdm records the notice of default,
<br />or 11 d d: -I the trust property -1tot in any incorporated city or v IlIt and is used ' in weraing operations carried on by the nation, the I inside shall give Imblie feat
<br />sale W the persons and in be manner prescribed by applicable law_ Trustee, w thout demand oil Borrower, shall sell the property at pub[ to auction to be highest bidder. II
<br />required by the Train Homealead Protection Act, Trustee ,ball oHe, the property is boo separate sales as required by applicable Imv_ Trustee may postpone sale et all orady
<br />parcel of the property by pull is announcement at time and place of any previously scheduled sale Lender or is designee may purdmse the propcny at any laic.
<br />Upon receipt of payment of be price bid, Board shall deliver to the purchaser 'IyusWC's deed conveying ,he property . The recitials contained in'I'more's deed shall he
<br />prima facie evidiedce of the truth of the statements contained therein Trustee shall apply the proceeds of the sale in he following order (a) to all expenses of the sale,
<br />Including, but not limited To. counted, I opera's fees, reasonable attorney's fee, and reinstatement fees', (b) W all sums secured by his deed oftmA, and (C) the haanm, if
<br />any, W be persons legally entitled to receive it
<br />13. Floodwater. Al Lender's option, his deed o %rust maybe foreclosed in be manner provided by applicable Imv for fbrcdosure ofmongages on real property.
<br />li. Inspeetlon. Lender may enter the property To inspect it if Lender gives Borrower no we beforehand. The notice most state the Treasurable cans, for Lender's -
<br />re"ro n.
<br />15. Condemnation Borrower assigns to Lender he proceeds of any award or claim for damages connected with a condemnation or other taking of all or any pan of the
<br />property. Such proceeds will be applied as Traveled in Covenant L This assignment is subject to be later, ofany prior security agreement.
<br />16. Waiver. Be exercising any remedy available to Lender, Lender does not give up any rights to later use any other rcmcdy. By not exercising any comedy 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- signer,; Successors and Assigns Bound. All duties under this deed of Cost we joint and several. Any Borrower who co -signs This
<br />decd of trust but does not co -sign be underlying debt enshoments,B) does so only to grant and convey that Borrower's interest in he property to be 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 decd of trust may extend, modify or make env other changes in
<br />the terms at this deed of trust or the secured rich( without tlmt Borrower's consent and without releasing Ca Borrower from the terns of this deed of trust.
<br />The duties and benefits of his acrd of trust shall bind and benefit the successors and doiats of tender and Borrower.
<br />IS. Notice. Unless otherwise required by Imv, any notice to Borrower shall be given by delivering it or by mailing it by certified mail addressed to Borrower at the
<br />property address or any other address that Borrower has given to Lender. Borrower will give any notice to Lender by refilled mail to Leaders address on page I of this
<br />deed ofi it or to any other address, which lender has designated. Any other notice to Lender shall be sent to Lenders address as stated on page l of this decd ofmst.
<br />Any, notice shat) be deemed to have been given W Borrower or I older whit given in the manner soled above_
<br />19. Transfer of he Property or a Beneficial Intereatin the Burrower. 11 all or any pan of the propcny or any interest in it is sold or transferred wifloor the lender's
<br />for, written oament Lender may demand immediate payment of the secured debt Lende,.,alsode.andiminediawplynieiititthcBorrowerisntil turaIp d
<br />. ho filial bleat in he Borrower ss sold o transferred _ However, I chbo ay not demand payment in the above situations ifit is prohihted by federal law as of the date
<br />what deed of trust
<br />20. Reconveyance. 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 oftmst, the Trustee shall, upon written request by the Lender, reoonvey the trust property. The London shall deliver to the Borrower, or to
<br />Borrower's successor in interest, the true( deed and the note or otherevidenw ofthe obligation so satisfied. Borrower shall pay any recordation costs.
<br />21 Sturrexami-Tiontre. I. d t L do pi nvy remove Trustee 1 holdout . successor trustee by fist Trading a copy of substitution oftrusWC as retained
<br />by applicable law, and bcn by film, the substitution of trustee for record in th Rce of the gist, of deeds f each county ' in win ch the trust property, or some part
<br />th eoL- swttabd. fhe successor trustee w thout conveyance of the property, shall succeed h all the power, duties authority and title of the Trustee named in bedeed of
<br />(rest and of any successor,rai
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