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COVENANTS 200211401
<br />I. Payments. Berm wer agrees to make all payments on the secured debt when due. Unless Borrower and Lender agree otherwise, any payments Lender eclectic, from
<br />Borrower T. fur Be.,,, , belief will he applied first to any amounts Borrower Owes on the seamed debt exclusive of interest or principal, second to interest, and then to
<br />principal. If partial prepayment of the secured debt occurs for any reason, it will not reduce or excuse my scheduled paynrent Mail unsecured debt is paid in full.
<br />2. Claims Against Title. Borrower will pay all tares, rasessments, and Than charges attributable to the progeny when due and will defend title to flit property against
<br />any claims which would impair the lien of this decd of dust. Leader inay require Borrower an assign any rights, claims or defenses which Borrower may have against
<br />parties who supply Inner or materials. improve or maintain the property.
<br />3. 1..FrrmOre. Borrower will keep the property insured under hnns deviimahle be Lender m Borrower's aspens, and for Lender's benefit All Insurance pniicie, shall
<br />include o ndard mortgage clause Ia favor of Lender Under will be named as loss payee or as the insured on any such insurance policy. Any insurance proceeds may he
<br />applied within I tinder's discretion, . cithe, the rwimulam Or repair of the damaged pammy or to the secured debt If Lender requires mortgage insurance, turnover
<br />agrees . maintain such insurance for as long as Lender requires.
<br />9. I`roperry. Bmrowv,vOlkeeptlmpro,.try In 6o oil condition and make all repairs commubly +mcessary .
<br />S. Expenses. Borrower agrees to pay all I ender's expenses, including reasonable radva e fees, If Rounder works any covenants in thia deed of trust or in any
<br />obligation udumd by does deed of trust Borrower will pay these amounts. Lender as provided' ITT COvenml 9 ofthis deed oftrust.
<br />6. Prior Security Interests. Unless Borrower First obtains Under'[ wrinen contest, Borrower will not make or permit any charges to any prior security Interests.
<br />Burrower will perform all of Borrower's obligations under nay prior mortgage, deed signals or other security agreement. including Borrower's covenmts to make payments
<br />whrrdue
<br />]. Assignment of Renle and Prollov Bounwor'ticards tin Lender the rents and goons of the property. Unless Borrower and Lender have agreed otherwise in writing,
<br />Borrower may collect and retain the rents as long as Borrower Is not In default If Burrower defends, Lender, lender's agent, or a court appointed receiver may take
<br />possession and manage the property and collect the rents. Any rents Lender collets shall be applied firs) to the casts of managing the property, including an costs and
<br />Inane", fees, w ns to rental agents, and any other necessary relined expenses. I he remaining anount of ants will then apply . payments on the secured debt as
<br />provided in Covwanl I
<br />R. Leasehold,; Condominiums; Plan Fred Imit Vevelnpmenb. Borrower agrees to comply with Use provision of any lease if this decd 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 Bormwer's duties under tire covenants, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails w perform, aw of fort ower's Antics under this deed of must, Lender may perform the duties or
<br />cause them to be performed. Lender may sign Bnrmwcr's name or pay any amount if necessary for perfommou If any counlmclinn on the gmpeny, is discontinued or not
<br />carried on in u reasonable mwna, Lender may do whatever is necessary to protect Lender's security imeral In Use property . This may include completing the canshuction.
<br />Leader s failure to perform will not preclude Lender from exercising any of its other rights under the law or this decd ofmusl.
<br />Any amounts paid by Lender to protect Lender's security Interest will be secured by this deed offirer Such amounts will be due on demand and will bear insert from the
<br />time of the puymcnl and paid in PoII at the interest rate in effect on me secured debt.
<br />10. BcfapltrnJAC 'celleatim+.ifBOrtower fails al make any payment when due or breaks try arvamnk under this deed affair or any ON gmion secured by this decd of
<br />trust or any prior inongage or deed of trust, Lender may Auctions, the maturity of the secured debt and demand immediate payment and may invoke the power of sale and
<br />any other remedies permitted by call crude law_
<br />11. Request for Notice of Veto Olt. 11 is hereby requested that topics of be notices of default and sale be Yan( la each person who is a party here., at the address of each
<br />such person, as set forth herein.
<br />12. Power of Sale. If the l ender Invokes The power of m1c. me 'I ruse shad first roved in the office of the register of deeds of each drum, wherein the trust property or
<br />scene pan or parcel thereof is situated a notice of default containing the information required by law. The Trust. shall also mail copies of the anded of default. the
<br />Borrower.. each person who is a parry herein, and to wirer persons as prescribed by applicable law. Not loss Than one month after the Tmsee .writs [lie u..hot of default,
<br />or Two months if the Trust property is IT.' in any -- mwrparmed any or village and is used in farming operation, curried on by .e I.a.r, the Trustee shall give publ is notice of
<br />sale to the persons and in she manner prescribed by applicable law. Trull without demand on Borrower, shall sell the property at public auction to the highest bidder. If
<br />required by the farm I lomcstced Protection Act, 'I'ru.we shall offer the property in two separate sales as required by applicable law. Trustee may postpone sale of all or any
<br />parcel of the property by public announcement at the time and platy army previously scheduled sale. Lender or its designee may purchase the pmpeny at any sue.
<br />Upon Trivial of payment of the price bid, Trustee shall deliver to the purchaser Trumu's deed caweying the property. The ourdah contained in Trustee', deed shall be
<br />prima facie evidlenee of the truth of the statements contained therein. Trustee ,hall apply the protects of Ne sale in the following order fa). all expenses of the sale,
<br />including, but not IimitnJ Iq reasonable Tnatee's fee; reasonable attorney's teas end reinstatement f (d) to of sums secured by tb'ss deed of trust, and (c) the balance, If
<br />any, to the persons legally entitled Io Teoeive It
<br />13, Pareehoute, At Under's option, this decd or cuss may be furedoed in the manner provided by applicable law for foreclosure ofmortgagcs on real property.
<br />14. Inspection. Lender may enter the promI to Inspect it if Lender gives Borrower notice tramotleand. The notice must state me reasonable cause for Lender's
<br />inspection.
<br />15. Condemnation. Borrower 0..igo. to Lender [lie proceeds of any award or claim for damages connected with a condemnation or other taking of all or my part of the
<br />pronsix Such procee ds will be applied as provided In Covenant I. This assigmnent is object.theterms ofany prior se curity agreement.
<br />16. Waiver. By exercising any remedy available to Lender, Lesson, dues not give up any rights to later use any other remedy. By not exercising any remedy upon
<br />Bonowe's default, I ender does not waive any right to later consider (lie event a default if it happens again.
<br />17. Joint and Several Liability; Co- signers; Sur-sears and Assigns Bound. All duties under this deed of bust anc Land and seven.. Any Borrower who cn -signs this
<br />deed of trust but do., not co -sign the underlying debt iast.mr ts[s) does so only to gran, and convey that Borrower's Interest In the property . the Image under the terms
<br />of this deed nflort In addition, such a Borrower agrcca Nut the Leader and any other Borrower under this deed nrvmst may extend modify or make any other changes in
<br />the rerun of this deed of bunt or the secured debt without Nat Borrower 'a consent and without mhoom, halt Borrower from the War, nftbls deed of cost.
<br />The duties and benefits of this deed oftmst shall bind and henefll the successors and assigns of Lender and Borrower
<br />18. Notice. Unless otherwise required by law, any notice la Borrower shall be given by delivering it or by mailing it by unified mail addressed W Borrower at the
<br />property address or my other address that Borrower fins given to Lender Borrower will give my notice m Lender by ..filed mail to Lender's address on page I i f this
<br />deed intrust, or to my other address, which Under hm designated Any other notice to tender shall be seat se Lender's address as stared on page I ofthis deed attract
<br />Any nmico shall be Turned. have been given to promoter or Lcndcr when given in Ice manner slated above_
<br />19. TrmrsfeI of the Property or a Beneficial Interest in the Borrower, If all or any earl of the properly or any interest In it Is sold or transferred wihom the Lender's
<br />prior written consent, Lender Troy demand immediate payment of the secured debt Lender may also dcmmd Immediate payment ifthe Borrower's Out a nasal person and
<br />a bcnefcial interest in the Borrower is sold or mmsferted. However Leader may not demand payment in toe above situations iflt is prohibited by federal law as of the date
<br />of,wis dried mirmst.
<br />20. Beroneryan... When the obligation secured by this deed of Inert has been paid, and Lcndcr has no further obligation be make advances under the 'announce or
<br />a ossments,ecurol by this dead oftral the Tmslee doll, upon wrinen request by he Lander, reconvey the trust property, The Lender shall deliver to the Borrower, or to
<br />Borrower's successor in interest, the treat deed and the note or other evidence argue obligation so ssatisfed. Bnrmwershallpaymyrerordationcosts.
<br />21. Successor Trustee. Lendea at Lender's opt inn, may remove Trustee and appeinla succe „m aironee by fist, andarign copy oflhe substitution oft fee as required
<br />by applicable law, and then, by fling Ito substitution oftrusfee for raid in the office .find regime of deeds of each county in which Ne trust property, or some pat
<br />thereof Is sialmd. '11fie,wore5mr trumoe, wanina conveyance of tm property, [wall succeed wall the power, duties, authority and title of tie Tmslee named In the deed of
<br />trust and of my sib eassor Forl
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