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200210546 COVENANTS
<br />L Payments. Borrower a,— to make ell payments on he secured debt when due Unless Borrower and Lender agree otherwise, any payments tender receives from
<br />Som+wer nr far Borrower s benefit will be applied ersl to Say mnmants Borrower owes on the second debt exclusive altimeter or principal, a¢oead m,nmresS and then to
<br />principal. If partial prepayment of W ran
<br />e secured debt occurs for any re, it will not reduce on eaeuse ady scheduled payment until the saurcd debt is paid in thll.
<br />2. Claims Against Title, Brame er will pay all taxes, asaessmmu, and other charges attributable ro the pwai when due and will detend title to rile property against
<br />any claims which would impair the lien of this deed of Imst. Lender Wray require Donowcr to assign any rights, claims ar Jefertses wM1ich Borrower Amy have against
<br />parties who supply labor nr mterials to improve Or mainaiu the property.
<br />J. Insurance. Borrower , Al keep the property insured under terms saepldb]O m lender at Borrower's exparse and for lenders beget,(. All Insurance policies 'bull
<br />naludea standard mortgage clause In favor of Lender - tender will be named ea lass payee or as the insured on any such insurance policy. Any insurance proceeds may be
<br />uppliN, within Lender's disoretian, to either the rosmration ui repair of the damaged property or to the secured debt. If Lender requires mortgage insurance, Borrower
<br />agrees to Inuadin such insurance for as IO „g as Lender requires.
<br />G. Property. Barrawer will keep the property ig good cnadood and make all rcpairsreesonablynaessmy-
<br />5. Eslanrer- Borawer't o' ro pay all Leader's eupemes, including reasonable attomrys' fees, If Borrower Franks any covenants in this deed of [teat or is wry
<br />obf,rainnsnmedbythisdeedof(ma B-po llwillpay Wes,amountsto Lendvosprovidedin Covenant9of(lusdecdoftmst.
<br />6. Prior Security Interests. Unless Borrower first obtains Lender's written warm(, BOrmwer will not make or panic any changes to any prior security fnaral
<br />Bna' will perform all of Bonnwer s obligations ender any prior mortgage, deed of nut nr other acpnry ngrermrnn, including Borrower's wva now to make payments
<br />when dt e-
<br />P. Assignment of Rents and Profits. Borrower assigns to Lender the rents and proems of the property. Unless Borrower and lender have agreed otherwise in writing,
<br />Borrower may collect and retain the rents as long as Borower is not in default If Borrower defaults, Lender, Under 'a agent, or a coup appointed mover may take
<br />possession and manage the property and collect the rents. Any rents Lender cellos shall be applied first to the vests of ac neging the property, including court coats and
<br />attorneys fees, counals ins, to rental Shares, and any other necessary related expenses. The measuring amount of rents will then apply to payments on the secured debt us
<br />provided in C venom I.
<br />8. Leaseholds; Cmndordid i mr; Planned this Developments. Be--11 agrees to comply with (he pmvi.siours of any lase if bus deed of trust is on leasehold. If this
<br />deed of trust is on a unit in a condominium or a planned unit development, Borrower will perform all of Borrower's deltas under the covenants, by laws, or regulations of
<br />the condaminum or planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Bonewer fails to pcbmar, , any of fisher i s duties under this deed of trust, Lender may perf can the duties or
<br />ratrac them to be perronned. Lender may sign Borrower's name ,' pay auy amoaat iflaoessery for performance. It any couslaumion on the property is discaninued or not
<br />carved on in a excusable manner, Wader may do whatever is accasnry m protect Lender's security anareso in the pmpeny. This may Include completing the wnsoetion.
<br />Lender's f irate to perform will not preclude Lender from exercising any of ilmther rights umWCr the tub ar this deed afmust.
<br />Any omouns paid by Winer to mntcet Lenders Susan, interest will be secured by it deed of out Such amounts will be due on demand and will bear interest from the
<br />dare of the payment until paid in hail at the imenat rate in effal on the snared debt.
<br />10. Default nnd Actudentlim.IfBorrower fails to make any payment when dueor breaks say covenants branches dead of bust Zany obliga tion secured by this deed of
<br />train or any poor rangage or deed at trust, Lunde, may accelemle the maturity of the secured debt and demand immediate Wyman and may invoke the power of sale add
<br />any robe, mr its pautaid by applicable law.
<br />11. Requert for Nrnice of Default h is hereby rbtuested that copies of the Accrues ofdefauh and sale be aenl m each person who is u Wrty barer, at the address of each
<br />,00h peso:: va act mph herd:.
<br />12. Power of Sale. If the Lender invokes the power of sale, the Trance shall tied bound in the office of the reginer of deeds of all county wherein (be lmst propepy or
<br />me pant nr parcel thereof 0, 'hauled a notice of default containing the information obtained by law- The Trustee Shull also mail copies of the notice Of default to the
<br />Borrower, to each person who is a party hueto, and to other persons an prescribed by applicable law- Not less than one month aee'the Treated accords the entire of default,
<br />onwa months if We Irst pooped, is not in uny aborponam city or village red is used in forming Wdo ar tamed on by the mmstot We Totaled shall give public notice of
<br />sale no the persons and in the manna prescribed by upphelble law- Tri without demand on Borrower, shall sell the property at public auction to the highest bidder. If
<br />ragweed by the Farm Homestead Protection Any Trustee shall offerlhe property iaWm seponm sales as nNuiredbyapphcable law. Tmsteemaypoalpouesaleofallorady
<br />parcel ofdm pmpery by public ammuncemrar at the time and Place rimy lmvloosly scheduled aura lender or its desigcaa may puchase the property vat any sale
<br />L,an meipt of payment of the price bid, Tmstre shall deliver to the purchase, Tootee's dead conveying time property- The peanuts wmmu 1 fn Trances decd shall be a
<br />pima Gcfe asidicnw of Blau north of the statements a+ntuined therein. Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sole
<br />including, but not limited in reasonable Testae' fees, reasonable anorey'I tees and eei,,shmen, feesi (b) to all slims secured by this deed of rrost and (e) the balance if
<br />eery, to the persons legally entitled to receive It
<br />13. Foreclosure. At LCnder'e optima, this deed eftustmry be foreclosed in themannerpmvldedby applicable law for foreelnsme ofmartgages on and property.
<br />10. Inspection. 1_ender may enter the property to inspect it if Wader gives Borrower notice bcfamhand- no notice mm( state the reasonable cause ro, Wader's
<br />inspection.
<br />Is. Condemnation, hasp —o assigns oa Lends the proceeds of any award or Olson fir damages coedw(ad with S enndemmtkm or ther eking of all or auy pan of the
<br />pmpery. Such proceeds oil be applied as provided in Covenant I. This assignment is subject to Incomes of any prior security ag,amcnt.
<br />lb Waiver. By exercising any remedy available to IUnder, Lend., doe not give up any ogna no later use any ahu amedy. By no[ exercising may remedy upon
<br />Borrower's default, Lends door not onscany rightm latercessider(he even( adefault ifit happens 'Pat
<br />17. Join[ and Several Liability; Co- signers; Successors and ASdgda hound. All duties polar this deed majoin[ and severed. Any Borrower who co -signs this
<br />deed of Wst but does not e. -sign the underlying debt arsmnments(s) don so only m gent and convey that Bonnwe,'s interest in the properry m the Testa under the tans
<br />of (Ms deed of cost In addition, such a Borrower ogrers that the Lender and any alin Borrower under dua Jail .1 trust may extend, modify or make any other changes in
<br />ee moos of phis decd of oat ur the sccuad dab[ withom Net Bornwer's consent unJ without aleasing the[ Botrvwer from the terns ofthis Jail of trua-
<br />It, dries and benefits of this deed Of boa shall bind and benefit the specessors and assigns of Lender and Borrower.
<br />18, Native. Unless otherwise required by law, any notice I. Borrows shall be then by delivering 1, or by mailing it by Ossified mail addressed to Borrower at the
<br />property address or any other address that Botrowen has given to Lender. Burrower will give any carioca to Lender by certified mail to Lender's address on page 1 of (]its
<br />deed of torso, mad any other' address, which Lender bus designated. Any other mmaa m Icnder shall be semlo lender's address as stated on page I of this deed of must,
<br />Any notice shall he deemed to have been given to Borrower or Lender when given in the mauner need above.
<br />19. Transfer of the Properly or a Beneficial Interest In he Borrower. Ifall n, anypap ofthe property or any brands in im fs mlJ Or lrensferred without the lender's
<br />mior written real 1.aal,rely demand immediate puyneet ofthe secareddetlL Lander may also demand immadisapayment if the Bounww is not anamrel person and
<br />a benafioial inaresm in the Burrower is sold or tmretaed- Hnweveq Lender may not danmad Wymem in the above sdaanions if io is prohibited by general law as of the date
<br />of this deed of oust.
<br />20. Reanveynnce. When the Obligation secured by this deed of rues[ has been paid, and Lender has no Wither obligation to make advances under the Instruments or
<br />.,ieeaamtn soured by this deed of tsar, the Tractor shall, upon volition request by the Lender, econvey the [oast property. The Lender shall deliver to the Borrower, or m
<br />Borrawri's Sar smininarda, the trust deed and the note or other evidence of the obligation so sniffed Borrower shall pay my aecluddlon costs.
<br />21. Scott ss.aTmstee. Lender, at Lender's option, may remove'runee end appoint a successor trustee by firs,, marling a copy of lbesuhstimtiod of trustee us admost
<br />by applicable low, and Men, by filing the niter.u(im of rmo. for around in the office of the register at wed, of each county in which the must property, or some part
<br />thereof, Is simamed The successor bales, w,Nau( non,a ante of the property, shall succeed ro all Ne power duties, authority and title of the Taustee named In the deed of
<br />bust and of any successor bi
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