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COVENANTS 200212832
<br />1. Payments. Borrower agrees to make all payments ore the secured debt when due Unless Borrower and Lender agree otherwise, any payments Lender race..¢ Iwan
<br />Borrower or for Borrower's benefit will be applied first to any amounts Bmmwer owes on the secured debt exclusive of interest or principal, second to interest and then to
<br />yrir natural . -If u nial prepayment of dm 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 'I ifie Borrower will pay all taxes, assessments, and other charges attributable to the property when due and will defend title to tiro property against
<br />any dams which would impair the lien of this deed of trust Under may require Borrower to assign any rights, claims or defenses which Borrower may have against
<br />parties who supply labor or materials to improve of maintain the property.
<br />J. Insurance. Borrower will keep the property Insured under loons acceptable to Lander a Borrower's expense and for Lender's benefit All Insurance policies shall
<br />include a standard mortgage cl ause in favor of Lender. I carder will be named as loss payee or as the insured on any such insurance policy_ Any insurance proceeds may be
<br />applied, 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 Inch insurance far as long as Lender requires.
<br />4. Properly. Borrower will keep the property in good condition and make all repairs reasonably necessary .
<br />5. Expenses. Borrower agrees to pay all Lender's sepensca ...lading censorable attorneys fees, it Borrower breaks any covenants in this deed of trust or in any
<br />ebligetion secured by this decd of trust. Borroserwillpaytheu mn.mosmlronderaspervided in C.1,amI9 ofthisdeed oftrust.
<br />6. Prior Security Interests. Unless Borrower first obtains Lender's written contest, Borrower will not make or permit any changes m any prior security interest.
<br />Borrower will perform all of Borrower's obligations under any prior mortgage, deed effort., other security agreement, including Borrower's covenants to make payments
<br />when due.
<br />7. Assignment of Rents and Profits. Borrower assigns to Lender the rents and profit of the property. Unless Borrower and Lender have agreed mhefwise in writing
<br />Borrower may collect and on the rents as Tong as Borrower is not is default If Borrower default, Lender, Lender s agent, or a enter appointed receiver may take
<br />IT ..e, fm and manage the property and collect the rents- Any rents Lender collects shall be applied first to the cost of managing the pmpeny, including can cost and
<br />attorneys' fee, commissions to rental agents, std ary other neeess., related expenses_ The remaining amount of rent will then apply to payment en the secured debt as
<br />provided is Cm'cna.t i.
<br />8. Leaseholds; Condominiums; Planned Unit Developments. Borrower agrees to comply with the provisions ofany lease if this deed Of trust is on learsdOld. If this
<br />deed oftrust is on a unit in a condominium or a planned unit development, Borrower will perform all of Borrower's duties under the covenant by laws, or regulations 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 trader this deed of trust Lender may perform the duties or
<br />cams, them to be performed_ Lender may sign Borrower's name or pay any amount ifnccessary for perforutant oany construction on the property is discontinued or not
<br />carried on in a reasonable manner, Lender may, do whatever is necessary to protect Leaned's security interest in the property. This may include completing the construction
<br />Leader 'a failure to perform will not preclude Lender from exercising any of its other right under and law of this deed of mrst
<br />Any amount paid by Lender to protect Lender's security interest will be secured by th is deed of trust. Such amount will be due on demand and will boar interest from the
<br />date of the payment Until paid in full at fee interest rate in Offset on the secured debt
<br />10. Default and Acceleration. If Borrower fails to make any payment when due or breaks say covenants under this deed of mrsmr any obligation secured by this deed of
<br />trust or any prior mortgage or deed of true, Lender may accelerate the maturity of the secured debt and demand immediate payment and may invoke the power of Sale and
<br />any other remedies permitted by applicable law.
<br />11. Request for Soficeof Default. It is hater, requested that copies ofthe notices of default and sale be sent te each person who Is a party hereto, at the address of each
<br />such person as set forth berms
<br />12. Prove, of Sale. If the Lender invokes the power orf,.]c, the 'Iafte. xhall firstreenN in the office of the register of deeds of each county wherein the treat property or
<br />some part or parcel thereof Is situated a notice of default containing else information required by law. The Trustee shall also mail espies of the notice of default m the
<br />Borrower, to each person who is a party handle, and in other persons So prescribed by applicable law_ Not lea, than one month after the Trustee records the nodes of default
<br />or two month, if the troll property is not In any incorporated city or village and is used in farming operations Berried on by the toaster the'Imaa ,hall give public notice Of
<br />sale to the persons and in the manner prescribed by applicable law. Bu4a, without demand on Borrower, shall sell the property at public another to the highest bidder. If
<br />required by the Farm Homestead Protection Act Trustee shall offer the pmpeny in five separate sales as required by applicable Is, Trusteemay postpone sale of all or any
<br />parcel of the property by public announcement at the time and place of any previously scheduled sale . lender m its designee may purchase the property at erry sale.
<br />Upon receipt orpayment of the price bid, 'traffic shall deliver to the purchaser Trustee's deed conveying the property, The recitials contained in Trustee's deed shall ba
<br />prima facie evidience of the loath of the documents contained therein Trustee shall apply the proceeds ofthe sale in the following order: (a) to all expenses of the sale,
<br />including, but net limited to reasonable Trustee's fees, reasonable attorney's fees and reinstatement fees; ho to all sums secured by this deed oftrust and d) the balance
<br />any, to the persons legally entitled to receive it
<br />Id. Porerlo,me. At Leads,', option, this decd oftrust may be foreclosed in the manner provided by applicable levy for foreclosure of mortgages on real property .
<br />14. Inspection. Lender may enter the property to inspect it if Lender gives Borrower notice beforehand. The notice must sou the reasonable cause for Lender s
<br />nspection.
<br />15. Condemnation Borrower assigns to Leader the proceeds or award or claim for damages connected with a condemnation or other inking or all or any pert of
<br />property Such proceedssvill be applied as provided in COVcrundI This assignment is subject to the terns ofany prior Security agreenmtrt
<br />16. Waiver. By exercising any remedy available to Lender, Leader 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 fight to later consider the event a default if it happens again.
<br />19. Join and Several inability; Co -signs s; Successors and Assigns Bound. All duties under this deed of trust arejoim and several. Any Borrower who co-signs This
<br />decd appear but does not co-sign the underlying debt iastmments(s) does so only to grant and convey that Borrowers interest In she property m the Trustee under the terns
<br />ofthis deed oftrust In addition, such a Borrower agrees that the Lender and any other Borrower under this deed context may extend, modify or make any other clmamnes In
<br />the terns of this deed afford or the secured debt without that Borrower's consent and without rolcesum that Borrower from the terms ofthis deed of trust.
<br />But duties and benefits of thu deed oftrust shell bind and benefit the successors and assigns of Lender and Borrower
<br />18. Notice. Unless otherwise retained by law, any notice to Borrower shall be given by delivering it or by mailing it by cetified 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 certified mail to Lender's adders on page I of
<br />deed oftrust, or to any other address, which Leader has designated. Any other "Once to Lender shall be sent to lenders address as stated on page l of this decd arrow
<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 tine Borrower. (fall or any pan of the property or any interest in it is sold or transferred without the Lender's
<br />prior arinen consent, Lender may demand immediate payment of Be accused debt Lender may also demand immediate payment ifthe Borrower is not a natural person and
<br />a beneficial interest is the Borowens sold or transferred However, Lender may not demand payment in the above situations ifit is prohibited by federal law as ofhc date
<br />ofthis decd of minor
<br />20, Because yanre. When tine obligation secured by this deed of most has been good, and tender has no further obligation to make advances under the instruments or
<br />agreement secured by this dad of trust the Trustee shall, upon written request by the Lender, reconvey the time properly. The Lender shall deliver to the Borrower, or to
<br />Borrower's successor in interest the trust deed Said the note or other evidence ofthe obligation se satisfied . Borrower shall pay any recordation costs.
<br />21. Successor 'Ieast,,. Iunder, at Lender's option, may remove Trustee and appoint a successor trustee by first, mailing a copy ofthe substitution of trustee as required
<br />by applicable law, and then, by filing the substitution Operators lot record in the office of register of deeds ofcach county in which the trust property, or some pan
<br />thereof, is situated. The successor trustee, without conveyance ofthe property, shall succeed to all Be power, duties, authority and tide ofthe Trustee named in the deed of
<br />goal and of any successor trustee
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