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COVENANIS 200213452
<br />1. Payments. Bmrower agrees to make nil payments mo the secured debt when date Unless Borrower vied I seder agra otherwise, say payments Lender receives form
<br />Borrower or for Borrower's benefit will be applied Form any amounts Narrower owes on the secured debt exclusive of inateat or principal, second to interest, and then to
<br />principal Ifpconed prepmynent ofthe secured Jobs.c.vm for any reason, it will not reduce or excuse any Palmdale, payment until the secured debt is paid in full.
<br />2. Claims Against Title, Borrower, will pay all taxes, aaacsa lum, and ether clanger odributable ro the property when due and will defend into to the property agaitut
<br />any claims which would Impair the lien of this deed of lure. Laaler uay sequins Borrower to assign any rights, claims or defense which Borrower may have ugainsl
<br />parties who supply labor or materials to improve or maintain the property.
<br />3. Insurance. Borrower will keep the properly insured under terns acceptable 1. Lender at Bormwer's expense arm for Lender's benefit. All Imnnnce policies shall
<br />include a standard mortgnge clause in favor of Lender lender will be named as loss Pays, no as the insured on any such iusum -e policy. Any insurance proceeds may be
<br />applied, within Lender's discretion, to either the motorman or repair of the damaged property or to the secured debt. If Lender regmrcs mortgage m.urm or, Borower
<br />agree to maintain such insurance Cot as long as Lender requires.
<br />4. Property. Bnrtower will keep the pmperry in good conditiumend snake tali repaiia reasonably naemry.
<br />5. Expener. Bonnwer, agrees to pay all Lender's expenses, including reasonable anomrys rules, if Aamwer breaks any cove -nla m this deed of test or in any
<br />obligation secured by this deed of ens[. Botrvwer will pay these amounts m Leader as provided in Cevewns 9 of Chia deed oftmL
<br />6. Prior Security Interests. Unless Borrower lint Obtain I— cler's whiten contest Bonnwer will not make or pemtit any changes to any prior security in[eresa.
<br />Borrower will perform all of Borrower's m 1i,almor under any prior mortgage, died of [mot coupon weem, agreement, i- lmling Borrower's covmanb to cake payments
<br />when do,
<br />]. Assignment f Rents end Proper. fluoresce, assigua to Lender the rums and propn of the property. Unless Borrower and Lender have agreed otherwise in writing,
<br />Bnrtower may cohort and retain the rents as lung as Borrower is not in default. If Borrower default', Tender; Lender's agent, or v court trimmed receiver may rake
<br />possession and mairme the pmpeny and callus the real, My rent. Lander collces shall be applied first to the costs of mmaging the pennants, including court eats most
<br />anomeys fees, cuncrossions to rental agents, and any other neecsasry related expense, The remaining amount orients will then apply to payments on the secured debt as
<br />provided in Covenant 1,
<br />S. Leasehold, Condominiums; Planned Enil Developments. Burrower agrees to comply with the provision of any Imse if this deed of trust is an leasehold. If [his
<br />deed of tmst is on a unit in a condumiuimn or a planned unit development Borrower will perform all of Barewer's duties under pre covenants, by laws, or agulatim s of
<br />[he condominium our planned unit development.
<br />9. Authority of Lender to Perform for Borrower. If Borrower fails to perform, any of Borrower's duties under this deed of trust Louder may inform the duties or
<br />,oureffericarbepufforried d. Lender may sign Borce,W, name or pay any amount if necessary for perfomance. If any cnnswetion on the property is discontinued or not
<br />,plied ou in a reasonable mnnnm, Lender may do whatever is necessary to proec[ Lrndu's security mtercst re 0t. porpaY. This may indudecompiging the cnnervc[ion.
<br />Lender's failure m pe[form will not preclude Lender floor exercising any of its other dgha under the law ur this deed of trve.
<br />Any amoures paid by Lender to protect Lender's security intefst will bestirred by this deed -flood. Such amounts will era due on demand and will bens interest from the
<br />Jae of the payment until paid m full at the interest ate in elfin on the seemed debt.
<br />ILLDefaultand Atteleranoodeedf time, Under may uecicmte the memo due orbrealmeddbtand demand Wdeedo payment any obligationthe TOby tofsale and
<br />Imst or any prior, mortgage or deed of secs, Under may amvnlamm the memory of the sun oral deed and demantl itmnalima payment and may Invoke she Power of sale and
<br />any other remcelles permitted by applicable law.
<br />11. Request for Notice of Default It is hereby requested that copies of the notices ofdefault and sale be sent on each person who is a party hereto, at the address of each
<br />such person, as see huh human.
<br />11 power of Sale. If the Lender invokes the power of sale, the Trustee shall first record in she office of the register of deals of each county wherein the floor property or
<br />soma port or parcel thereof is situated of -free of default containing the information required by low- The Trustee shall also mail copies of the notice of defnnit to the
<br />Pnnnwer, to each perwrr who is a parry hereo, vnJ to other persona as prevenibed by applicable law. Net less than one month after the TaP manrds the notice of default
<br />ur two rumors if the tee inquiry is not in any mcotpom,d city or village and is used in fanning operations camed on by the tmstor, the I berme shall give public notice of
<br />sale to the persons and in the mmmer prescribed by applicable law. Trustee, without demand an Boroweg shall sell dm property tit public auction to the highest bidder If
<br />recruit] Loy the Farm Homestead Protection Act,Tms[cc shall offer he property in twosepecau sale as required by applicable law. Trustee any pustVOne sale ofail or any
<br />pnmel of pie property by public e- mmcement ache time entl place of- yprevioualy scheduled sale. Tender or its designee may purchase the property of any sale.
<br />Upon receipt of payment of the price bid. Tnaa shall deliver to the purchaser Trustee s deed conveying the property. The reoitials contained in'1'mstea's deed shall be
<br />prima facie evidienoe o[ the tm0 of roe statements contained Nemin Tmsee shall apply the pmueals of tha sale in the fallowing order'. (e) to sll e,caue of the sale,
<br />nduding, rem -t limital m, rcasonablc'1'rvsee's fat., reasonable an.mey's fees and reineaement fees; (b) to all some secured by this deed o[srvst amtl (c) the balance :f
<br />any, to the persons legally antitled a receive it.
<br />13. Foreclosure. At tender' s option, tM1is deed oRrve envy be foreclosed in the mamar provided by applicable lawfor fnrulesurc of mortgages on real property.
<br />14. inspection. Lender may enter the property to inspect it if Tender gives Borrower notice beforehand. The notice all Hate the reasonable onuses for Lenders
<br />nepatiota
<br />15. Crndem -hon. Borrower —igns to lender the pmcmis of any award or claim for dmomes, comrealed with a cmtduarem n or other inking of all or any part of the
<br />property. Such proceeds will be applied as provided in COVe -nl I. This assignment is subject to the tears of any prior sccmiry, epicenters.
<br />16. Marver. By exercising any remedy available to Lender Lender does not give up :my rights to later we any o @em remedy. By not exercising any remedy upon
<br />Borrower's default, Linder does not waive any night to later comider the event n default if it happe'rs again.
<br />❑. Joint and Several Liability; Co- signers; Starrewora and ASSigm Bound. All duties under this deed of trve.,.iat prod second Any Borrower who co -signs this
<br />dad offset but does cot cosign the underlying debt inamormaial do¢ so Duly to grant and convey than Borrown, s Interest in the property to Tmstcc under the run" the Under and any of
<br />the terms ss fohis dgeed of first m she secured deb[ without that Burrowe s consent anld Borrower under this
<br />releasing that Burrower form the almost, rm of this deed of trust.
<br />other aarnges m
<br />The duties and baefin of this deed of trve shall bind and borefit the successors and assigns of Lender and Domain,
<br />18. Notice. Unless otherwise ratified by law, any ounce to Borrower shall be given by delivering it or by mailing it by certified nail addressed to B Page er at the
<br />property address or any other address that Borrower has given to Iender, Borrower will give any notice to Lender by certified mail to Larder's address on 1 of this
<br />decd of tn,', nr to any other address, which lender has deal,re al. Anv other notice to Under shall be ten: to Lender's address as sated on page l of this decd of troad
<br />Any nonce shall be deer ed in have been given to Burmese, or Lends when given in the manner eated above.
<br />19. Transit, Or the Property oe a Beneficial interest in the Borrower. If all or any an of the pmpeny or any intent u it is sold or [rerelco ed without the Leader 'a
<br />prier wrian. consent Laufer may demand i.othme payment of the sccureJ debt Lender may also demand immediate payment ifthe Bmrower is not a mrmnl Person and
<br />a beneficial interest in the Bar is sold or tmmiared. However, Lender may not demand payment in the above situations Jim is prohibited by federal law its of the date
<br />of this deed.frust.
<br />20. Reeamve o na. When the obligaion samred by this deed of tea has been paid, and 1 under has no part obligation to make advances under the instruments or
<br />agreements secured by ibis deed of (cost, the Ttnsta shall, On wnilten request by the Lender, ruonvey the cost propay. The Leader shall deliver to the Borrower, or e
<br />Borrowers agrees... senses, tM1e coat deed unW the nom oro @er evidauee oftha obligation so amisGai. Borowershall pay any recordation costs.
<br />21. Sueumsec Trmtee. Leruler,ealender'sopunmury.en.me Tmstcc and uppointamecessor watee by fist mailingacopyofthe substitution of wsleew required
<br />by filing the substitution of ursee fm mould in the office of the rcglaer of deeds of each county in which the runway, trust rway, cr some pad
<br />by applicable law, and then,
<br />thereof, is situated. The sate,,, .... mere, without conveyance of the PmperY, shall smcteed to all 'rte power, Julies, authonty and Life of the Trveta vented in the of
<br />ens[ and efic, suocess.r costa
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