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<br />COVENANTS 200211055
<br />1. Payments. Borrower agrees to make all payments on the secured debt when due. Unless Bermwer and Lender agree mlossake, any payments Lender receives from
<br />Borrower or for Borrowers benefit will be applied first to any amounts Borrower owes con the secured debt exclusive of interest or principal, second to interest, and then to
<br />principal, If partial prepaymenmtthe secured debt ccurs for any reason, it will not reduce or excuse any scheduled payment until the secured debt is paid is full
<br />2. Claims Against Title Borrower will pay all ti assessments, and other charges attributable to the property when due and will defend title to the property against
<br />any claims which would impair the lien of this deed of trust. Lender may require Borrower to assign any rights, claims or defense, which Borrower may have against
<br />panics who supply labor or materials to improve or maintain the progeny.
<br />3. Insurance Borrower will keep the property insured under terns acceptable to Lender at Borrower's expense and for Lender's benefit, All Insurance policies shall
<br />include a standard mortgage clause in favor of Linder lender will be named as loss payee or as the insured on any such insurance policy. Any insurance financed, may be
<br />applied, within Lenders 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 insurance for as long as Lender requires.
<br />A. Properly. Borrower will keep the property in good condition and make all repairs reasonably necessary .
<br />5. Expenses. Borrower agrees to pay all Lenders expenses, including reasonable small fees, if Borrower breaks any covenants in this deed of cost or in any
<br />obligation secured by this deed refines, Borrewor will pay these mounts to Lender as provided in Covenant 9 of this deed of bad.
<br />6. Prior Security Interests. Unless Borrower first obtains Lender's wrinen contest, Borrower will not make or permit any changes many prior security interests.
<br />Borrower will perform all of Borrower's obligations under any prior mortgage, deed of trust or other security agreement, including Borrower's covenants to make payments
<br />when due
<br />7. Assignment of Rents and Profits. Borower assigns to Under the rrnts and profits 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 Borrower defaults, Leader, Lender's agent, or a court appointed receiver may take
<br />Possession and manage the property and collect the renal., Any rents Lander collects shall be applied Had to the costs of managing the property, including court casts and
<br />altomeyi feew, commissions to rental agents, and any other necessary related expenses. The remaining amount of rents will then apply to payments oa the secured debt as
<br />provided in Covenant 1.
<br />8. Leaseholds; Condominiums; Planned Unit Developments. Be.., agrees to comply with the provisions of may lease if this deed of town is on leasehold. If this
<br />decd of cost is on a unit in a condominium or a planned and development, Borrower will perform all of Bowwer's duties under the covenants, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender to Perform for narrower. If Borrower fails to perform, any of Borrower's duties under this deed of tow, Lender may perform the duties or
<br />cause them to be performed Lender may sign Borrower's name or pay any amount if necessary for performance. Haney concoction on the property is discontinued or not
<br />carried on in a easonble manna, Lender may de whatever is necessary m protect Lender's security interest in the pmpeny. This may include completing the connection.
<br />Lenders failure to perform will not preclude Lender from exercising any of its other rights under the law or this deal of host.
<br />Any amounts paid by Lender m protect Lenders security interest will be secured by this deed of vest, Such amounts will be due on demand and will beer interest from the
<br />dam of the payment until paid in 1611 at the interest rate in effect on the secured debt.
<br />10. Default and Acceleration. If Borrower fails to make any payment when due or hrcaks any covenants under this deed ol'trust or any obligation secured by this deed of
<br />wsl or any poor mortgage Or deed of tend, Leader may accelerate the mamnty of the scoured debt and demand immediate payment and may invoke the power of sale and
<br />any other comedies pewirted by applicable law.
<br />11. Request for Notice of Default It is hereby requested that copies of the arrives of defult and sale be sent to each person who is a party hereto, at the address of emh
<br />such person, as sa froth herein.
<br />12. Power of Sale. If the Lender invokes the power of sal,, the Trustee shall first issued is the c ice of the register of deeds of each county wherein the trust property rer
<br />some part or parcel thereof is situated a notice of default containing the information required by law. The Trustee shall also mail copies of the notice of default to the
<br />Borrower, to each person who is a party hereto, and to other person as prescribed by applicable law- Not less than one month either the Fat lee records the notice of default,
<br />or two months tribe cost property is am in any incorporated city or village and is used in farming operators canoed on by the urrwmr, the Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable law- Trustee, without demand on Borrower, shall sell the property at public auction to the highest bidder If
<br />reyuirN by the Farm Homestead Pmlwaion Act, Trustee shall offer the property in two separate sales as required by applicable law. Tnestes may postpone Sala of all or any
<br />panel reftbe property by public announcement at the time and place ofary previously scheduled sale. Under r its designee may purchase the property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Tnestros deed conveying the prop ray- The recitiuls contained in Tmsme's deed shell be
<br />puma facie evidience of the truth of the sentiments contained therein. Trustee shall apply the proceeds of the sale in the following order. (a) to all expenses of the sale,
<br />including, but not limited m, reasonable Trustee's fees, reasonable attorneys fees vnd reinstatement feet (b) to all sums secured by this deed of trust, and (c) the balance, if
<br />any, to the persons legally entitled to receive it
<br />13. Foreclosure. Al Lender's option, this deed official maybe frerwlresed in the manner provided by applicable law for foreclosure of mortgages on real property.
<br />IJ. Inspection. Lender may enter the property to inspect it if Lender gives Barrow« notice beforehand. The notice most state the reasonable cause for Lender's
<br />inspection,
<br />15. Condemnation. Borrower assign to Lender the 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 provided in Covenant 1. This assignment is subject to the rerms of any Dintolerantly 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 />Borrowers default, Lender time not waive any right to later consider the event a default if it happen again. -
<br />17. Joint and Several Liability; Co- signers; Successors end Assigns Round. All duties under this deed ofaosa lospint and several. Any Borrower who co -signs this
<br />deed f,test but does net cosign the underlying debt insuuments(s) does so only to grant and convey that Borrower's interest in the property to the Trustee under the tears
<br />of this deed of Wst In addition, such a Borrower agrees that the Lender and any other Borrower under this deed reforms may extend, modify or make any other changes in
<br />the tams .[the, deed allow m the secured debt without that Borrower's consent and without releasing that Borrower firm the tams ofshis decd uttered
<br />The duties and beocfits of this deed of ,nest shall Intel and benefit the successors and assigns of Leader and Borrower.
<br />18. Notice Unless otherwise required bylaw, any notice to Borrower shall be given by delivenng it or by mailing it by certified mail addressed to Brercowa as the
<br />property address or any other address that Burrower has given to Lender. Borrower will give any notice a Under by certified mail to Lender's address on page 1 of this
<br />deed effort, or to any other address, which Lender has designated. Any other notice to Lender shall be sent to Lender's address as stated on page I ofthis deed oftost.
<br />Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated above
<br />19. Transfer of the Property or a Beneficial Interest in the Borrower. If all or any part of the property or any interest in it is sold or transferred without the Lender's
<br />prior written consent, Lender may demand immediate payment offal secured deb, Lender may also demand immediate payment ifthe Borrower is not a natural person and
<br />a beneficial interest in the Borrower is sold or transferred- However, Lander may not demand payment in the above situations if it is prohibited by federal law as of the date
<br />ref this deed of cost.
<br />20. Bcrear, yaane. When the obligation saurcd by this deed of rust has been paid, and Lender has no further obligation to make advances under the instruments or
<br />agreements secured by this deed of nus, the Trustee shall, upon written request by the Lender, mounvey the cost formal The Lender shall deliver to the Bnnower, nr to
<br />Borrower's successor in interest, the most deed and the note or other evidence of the obligation so satisfied. Borrower shall pay any connotation costs.
<br />21. Suc or Trustee. Londe, as Lentler's opt ion, may remove Trustee and appoint a successor trustee by first, mailing a copy ofshe substitution oftnnee as required
<br />by applicable law, and then, by filing the substitution of foatee for record in the office of the register of deeds of each county in which the trust property, or some pan
<br />throadf is shamed The successor trustee, without conveyance of she property, shall succeed to all the power, duties, authority and title of the Trustee named in the deed of
<br />cost and of any successor anstce.
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