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COVENANTS 200211301
<br />1. Payments. Borrower agrees to make all payments on the secured debt when due. Unless Borrower and Lender agree otherwise, any payments Under receives from
<br />Harrower or for Borrower's benefit will be applied first to any amounts Burrower owes on the ,anted deb-exdusive of interest or principal, second m interest, and then to
<br />principal. IfpuNui prepayment of the 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. Claims Against Tide. Bortower will pay all I.., asecompeou, and other charges attributable to the property what, due cad will defend title to the proeaty against
<br />any claims which would impair the lie, of this deed of trust Lender may require Borrower to assign any rights, claims or defenses which Burrower may have against
<br />parties who supply labor or materials to improve or maintain the property.
<br />3. Insurance. Borrower will keep the property insured order terns aocepmhle to Lender in Borrower's expense and for Lender's baefi[. All Insurance policies shall
<br />iiwlude a standard mortgage clause in favor of Lander. Lender will be named as loss payee or ru the insured on airy such insurance policy. Any insmrnee proceeds may be
<br />replied, within Lender's discretion, to either the restoration or repair of the damaged property or to the secured debt. If Lender requires mortgage insurance, Borrower
<br />agrees to maintain such inec mme for as long as Lender requites.
<br />0. Property. Hanower will keep the property in good condition ad make all repor,.,cashly necessary.
<br />5. Expenses. Borrower agrees to pay all Lender's expenses, including reasonable anomrys' face, if Borrower breaks any covenants in this deed of trust or in any
<br />obbiratimiccuredbythisdcadoftmst. Bomuwer will pay these amounts ro Lender as provided in Covenant9nf This dad of trust.
<br />6. Prior Severity Interests. Unless Burrower first obtains Under',s written contest, Borrower will not make or permit any changes to any prior security interests.
<br />Borrower will p rr orm all of Borrower's obligations under any prior mortgage, deed of cost to othu weurity agreement, including Borrower's covenants to make poymetts
<br />when due.
<br />0. Assignment of Rents and Profits. Borrower assigns to larder the is and profits of the property- Unless Borrower Lend lender have itimod otherwise in word ,
<br />Borvwer may collect and retain the rent, as long as Borrower is not in default. If Borrower defaults, Lender, Lenders agent, or a court appointed rarna may take
<br />possession and manage the property and collect the rats. Any cents Leader collects shall be applied first to the costs of managing the pmpeny, including court costs and
<br />anomeys' fees, commissions to rental agents, and any other necessary related expenses. the remaining amount of rats will then apply to payments on the sauced debt as
<br />provided is Cuvaart I.
<br />8. Leaseholds; Condominium, Planned Unit Developments. Borroweragrees to comply with the provisions of any lease if this died oftmst is on Icaschold. Ifthis
<br />dead of tryst is on a unit in u condominium or a planned unit development, Bmrowe.r will perform all of Bmmwer's duties under the crverarns, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authorlty of Lender to Perform for Borrower. If Burrower fails to perform, any of Borrower's duties under this deed of trust, Lender may perform the duties or
<br />'e them to be perfMmed. Lender may sign promote's name or pay any amount if necessary for performance. If any construction on the pmpetly is discontinued or not
<br />wried on inarasumnble r,anmem Lads rmay do whatever is nec6sarymPmtar lenders saunry interest In the pmpaty. This may include completing the conswmio,
<br />Landers failure to perform will not preclude Lender firm exercising any of its other rights under the law or this dad oftmst.
<br />Any amounts paid by Lender to protect Lender's security interest will be secured by this dad of trust. Such amounts will be due on demand and will bear interest from the
<br />dace of the paymal until paid in full at the interest rate in effect on the secured debt
<br />10. Default and Accelerat ion. If Borrower fails to make any payment when due or breaks any covenants under this decd oftmst or any obligation secured by this deed of
<br />mast or any prior mortgage or deed of toot, Lender may accelerate the maturity of the secured debt and demand immedime 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 nyuestM their copies of the notices ofdefault and sale be sat to each pawn who is a party hereto, at the address of ash
<br />such persoq asset forth herein.
<br />12. Power of Sale. ifnce Lender invokes the power ofsale, the Trustee shall first record in the office of We register of deeds ofeach county wherein the bust property or
<br />me part or parcel thereof is aiwatad a notice of default containing the information required by law. The Trustee shall also mail copies of the notice of default to the
<br />Burmwn, to each person who is a pony bored, and to other persons as prescribed by applicable law. Not less than one mod afler the Testa Iaolds the nice ofdefault
<br />or two months if the trust proper is not in any in oMmirtcd city or village and is used in farming clearances tamed on by the toaster, the Testa shall give public malice of
<br />sale to the persons and is the manner presented by applicable law. Trustee, without demand on Borrower, shall sell the property at public auction to the highest bidder. If
<br />required by the Farm Hot neslead Protection Act, Trustee shall otH the property in two s,,mtc sales as required by applicable law. Trustee may postpone sale of all or any
<br />parcel of the property by public announcement at time and piece ofany previously scheduled sale Lender err its Jevigncc may purehesc the propcny at any salt.
<br />Upon racipt of payment of the peace bid, Trustee shall deli,, to the pumhas, Trustee's deed conveying the properly. The m;itud, contained in Trustee's deed shall be
<br />prima facie evidience of the truth of the statements contained thereof Trustee shall apply the proceeds of the sale In the following order : (a) to all expenses of the sale,
<br />including, but nor limited to, reasonable Trustee's foes, reasonable counter's fees and reinstatement fees; (b) to all sums secured by this deed of tort, and (e) the balance, if
<br />any, to the persons legally entitled to receive it.
<br />13. Foreclosure. At Lender's option this deal oftmst rimy be forcdweJ in the mtovr, provide) by applicable law furforalusurc of mortgages rum teulpropedy.
<br />19. h'peraion. Lender may enter the pm,,,ty to inspect it if Lender gives Borrower notice beforehand The notice most it the rawnable cause for Lenders
<br />inspection.
<br />15. Cnmdanm6u, Borowa assigns to Leude the proceeds of any award or claim for daumgs eomem ed with a corder ation or other taking of all or any part of the
<br />property. Such proceeds will be applied as provided in Covering, 1. This assignment is subject to the terms of any prior securty agreement.
<br />16. Waiver. By exercising any remedy available to Lender, Lender does not give up any rights to later use any other remedy. By not exercising any 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; Cia- signers; Successors and Assigns Bound. All duties under this dad of trust arc joint and several. Any Borrower who co-signs this
<br />deed of mon her does not co-sign the underlying deb ins rnments(s) does so only to grant and convey that Borrower's interest In the progeny to the Trustee under the tau'
<br />of this deed of (cast In addition such a Borrower agrees that the Lade, told any other Borrower under this deed of trust may extend, ntoJify or make any other changes in
<br />the terms of this deed of trust or the secured debt without that Borrowers consent and without releasing that Borrower from the terms of this dad of trust.
<br />the duties and benefits of this decd of trust shall bind and benefit the successors and assigns of Under and Howwer.
<br />18. Native. Unless otherwise require! by law, any arrive to Bmmwer shall be given by deli—nn, it ear by mailing it by certified mail addressed to Borrower al de
<br />property address or any other address that Borrower has given to Lender Borrower will give any notice to Lender by cer ified mail to Linda's address on page 1 of this
<br />dead of vest, m m any other address, which Lender has designated. Any other notice to Lender shall be sent to Lender's address as stated on page I of this deed of town
<br />Any notice shall be deemed to have been given to Borrower or Under when given in the manner stated above
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. [full or any part of the property or any intent in it is sold or tmnsferrcd without the Lender's
<br />prior written consent, Lender may demand immediate payment ofthe secured debt. Lender may also demand immediate payment if the Bur ower Is not a natural person and
<br />a beneficial interest in the Borrower is sold or tmnsfrned. However, Lender may not demand payment in the above situations if it is prohibited by federal law us of the duce
<br />of this deed official.
<br />20. Reconvcymme. What the obligation secured by this deed of red Ids bee Paid, and Lender uler has no forth, obligation to make advances under the instruments or
<br />agreements secured by this dead operator, the Trustee shall, upon written request by the Lender, reconvey the [root property. The Lades shall deliver m the Boomweq ear o
<br />Borrower's successor in interest the trust deed and the note ear other evidence ofthe obligation an satisfied. Borrower shall pay any recordation costs.
<br />21. Sucussor Trustee. Under, at lender's onto., may remove Trustee and appoint a macessonmstee by first, mailing a copy of the substitution of trustee as required
<br />by applicable Ina, and then, by filing the substitution of mate for record iu the officeofthe registetof deeds of ®ch county in whicl, the vest propeny, or aomepaA
<br />thereof, es situated. The successor trustee. without conveyance or the property, shall succeed to all the power, duties, authority and title of the Trustee named in the decd of
<br />trust and of any'—wam tmsle,
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