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COVENANTS 200213542
<br />I. Payments. Borrower agrees to make all payments on the seemed debt when due Unless Burrower and Lender agmw mhwwka any payments fonder receives front
<br />Bumo or for Borrower's benefit will be applied first to any amounts Borrower owes on the insured debt exclusive of nucrcsl or pnowtpal, second to interest, and then to
<br />principal. If partial prepayment of the secured debt occurs for my reason, it will not reduce or excuse any scheduled payment until the wound debt is paid in fall
<br />2. Claims Against Title. Burrower will ay .11 taxq assessments, and other charges attributable to the pnmmty when due and will defend title to the Incipient, against
<br />any claims which would impair the lien of this decd of must. Lender may ro3utre Borrower m assign any lights, claims or defenses which Borrower tiny have against
<br />parties who supply tuber or materials to impmve or maintain the property.
<br />3. Insurance. Borrower will keep the property insured under arms acceptable to Lender at Bonowcr's expense and for Lender's benefit. All Insurance policies shall
<br />include a standard mortgage clause in favor of Lender. Lender will be named as loss payee or as the insured on any such insurance policy. Any insurance pmceds may be
<br />applied, within lender's discretion, to either the restoration or repair of the damegd p.,my or to the secured debt. If Lander rcquim court,, hnurunce, Burrower
<br />agrees to maintain such insurance for as long as Lender confirm.
<br />q. Property. Borrower will keep the property in good condition and make all repairs reasonably necessary.
<br />5. Expenses. Bmr war agree, m pay all Lender's expenses, including reasonable attomcys' fees, if Bouvier breaks any covenants in this deed of lost or in any
<br />obligation secural by this dem of oust, Borrower will pay these amount m Lender as provided in Covenant 9 of this deed of oust. v
<br />6. Prior Security Interests. Unless Bmmnwer first obtains Lender's written contest, Borrower will not make or permit any changes to any prior security interests.
<br />Borrower will pcnimm all of Borrower's obligations .nder any prior mortgage, deal of must of other security agreement, including Borrower's covenants to make payment
<br />when due.
<br />7. Assignment clitoris and Profits. Borrower assigns to Lender the rents and profits of the property. Unless Borrower and tender have agrees otherwise in writing,
<br />Bnmower may collect and retain the rents as long as Borrower is not in default. if Burrower defaults, Lender, Lender's agent, or u court appointed receiver may take
<br />possession and resume the property and collect he farm. Any rent Lender cnllat shall be applied first to the costs of managing the property, including court ends and
<br />anomoys fees, commissions to metal agents, and any other necessary related expenses. The forefoot, amount offers will than apply in payments on the secured debt as
<br />provided in C venant 1.
<br />g. Leaseholds; Condominiums; Planned Unit Developments. Burrower ugrcea to comply willn me provisions ofany Iwse if this deed of tnst is on leasehold. Ifthis
<br />deed admits is on a unit in a eradication into planned unit development, Borrower will perform all of Borrower's duties under the covenants, by laws, or regulations of
<br />the condominium or planned unit development.
<br />9. Authority of Lender m Perform for Borrower. If Roiaower fail ro perform, any of Bnrrnwer's tutee, under this deed of tea, fender may perform the duties et,
<br />se them to he perfonnd. Lender may sign Borrower's name or pay any amount if moaning, for perimmunce. Henry construction on the pmpmy is discontinued or not
<br />coned on run a reasonable man et, lender may do whatever is nmessary to protect Uender's recunty interest in the property. This may include completing the constmetion.
<br />Lender's f ilme to perfrnn will nom preclude Lender from exercising any of is other right under the law or this based of trust.
<br />Any amounts paid by Lender to protect Lcnda s security interest will be named by this dead of test. Such amounts will be due oa demand rand will bear interest from the
<br />date ofthe payment until paid in full 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 breaks any instructions under this dad of bull or any obligation located by this dead of
<br />trust or any poor mortgage or tend of must, Lender may accelerate the maturity of the secured deb[ and demand immediate payment and may invoke the power of sale and
<br />any other comedies permitted by applicable law.
<br />11. Request for Notice. of Default. It is hereby realue,ted that copies alike notices of default and sale be sent to each person who is a parry hereto, at the address of each
<br />such person, as set forth broom
<br />12. Powcr of Sulc. If the LrnJw invokes the power of salt, [he Trustee shall fst record In the offiu of the register of deeds of each county wherein the rust pmpnry nr
<br />some pan or panel [hereof is situated a notice of detault containing the informumn required by law. The Testa shall aka mail copies of the notice of default to the
<br />Borrower, to each person who is a party hereto, and to other persons as prescribed by applicable law. Not less than one month after the Trustee records the notice of default,
<br />or two months if the Imsl property is nut in any inwnpomted city or village and is used in toning operations carried on by the trusmq the Trustee shall give public notice of
<br />sale to the persona and In the manner prosenbN by applicable law. Fromec, without demand on Borrower, shall sell the pmpmy sal public uumor m the highest bidder. If
<br />requied by the Fame Homestead Protection Act, Tmuee shall offer the pmpmy in two separste,ales as required by applicable law. Trustee may postpone sale of all many
<br />pared of the property by public unneuncemenlat the time and place of may previously scheduled sal, Unit its desigtnee may purchowthe property at any sale
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Tmstee's deed conveying the pmpmy. The rwitials contained in Tmstee', dad shall be
<br />prima there cvidicnce of the truth of the statements minimum mwein. Tuata shall apply the pmveads nC We sole in the following order. (a) mall eupuaes of the uule,
<br />including, but not limited m, terminable Trustee's foes, reasonable anomey's fees and reinstatement fees; (b) to all sums secured by this decd of trust, and (e) the balance, if
<br />any, to the parsons legally entitled to reverse it.
<br />13. Foreclosure. At Unde: s notion, this deed of trust maybe foreclosed in the manner provided by applicable law for foreclosure of mortgages on real property.
<br />14. [.,Puerto.. Lender may enter the propmy to inspect tit if Lendu gives Borrowa notice beforehand. The notice most some the reasonable cause for Lender's
<br />inspection,
<br />15. Condemnation. Bnmower assign, to Lender the proceeds of any award or claim for damages connected with a cnndemwtion or other taking of all or any pan of the
<br />property. Such proceeds will be applid us provNed in Cvv...oi L This usdigmment is subjml to We Icons o[mry poor security agrcanwt.
<br />16. Waiver. By exercising cry reedy available to Lender, lender does not give up any rights to later use any other remedy. By not exercising any remdy upon
<br />Borrower's default, Lender dots net waive any right to later emsider the event a default if it happens .gain.
<br />17. Joint and Several Liability; Co- signers; Successors read Assigns Bound. All duties ender this dead of trust are joint and several. Any Borrower who co-signs this
<br />dad of most but does net co -sign the underlying debt multinationals) does so only in grant and convoy that Borrower's interest in me propmy, to she frusta, under the terms
<br />of this dead eftnat. In addition, such a Bomawer agrees that the Lender and any other Borrower under this deed of oust may extend, modify or make any other changes m
<br />the irnns of this dad of test or the second debt wimuut that Bonruwer'n amen[ unJ without rclwsiog mm Burmww [rum the lams o[this Jead of wsl.
<br />Thu duties arnd benefit of this bed of [rust shall bind and benefit iM1e successors and assigns of eater and Borrower.
<br />sag. Notice. Unless otherwise on ird bylaw, any notice to Borrower shall be given by delivering it or by mailing it by cmttied mail addressed to Borrower at me
<br />propmy addneas or any other add row that Borrower Ins given to lender. Bormwer will give any notice to lender by cor ifial mail to Lender's address on page I of this
<br />deed of [rust, or to any other address, which Lender has designated. Any that notice to Linder shall be sent to Lender's address as stated on page 1 efthis dad official.
<br />Any mine shall be deemed to have been given to Borrower or Lander when given in the munnw stutad above.
<br />19. Transfer of We Property or a Beneficial Interest in the Borrower. if all or any pan of the propary or any interest in it is sold of nansfemed without the I error's
<br />prior written consent. Under may demand immediate payment of the sword debt, Lender may also demand marnadiule payment if the Burrower is not a natural person and
<br />a beneficial interest in the Bnmower is sold remoistened. However, Lender may no[ demand payment in the above situations it it is prohibited by federal law as of the date
<br />of this dead of trust.
<br />20. Remnveynnce. When the obigafrm assured by this deed of must has been paid, and Lender has no frther obligation to make advances under the instruments or
<br />,greener swurcd r i this dad of trout, the Trustee shag upon written eat of th Ire Linder, o impliy the must pmpmy_ The LarJw shill coup. to the Bomoww, ur to
<br />Bnrmwer's succesor in intere,t, me wst bed and me note or other evidence of [he obligation so satisfied. Borrowtt shall pay any recordation toss.
<br />21. Successor Trustee. Under, at Lender's option, may remove I rustre and appoint a successor tmnee by fist, mailing a copy of the substitution of nustce as rational
<br />by applicable law, and then, by filing the substitution of trounce for record in the office of the register of dads of each county in which the trust property, or same pan
<br />thereof is situate. The successor trowne, without oonveyunoe of the pmpmy, shall sowed (call the power, duties, authority and title of the Trust, named in the dead of
<br />must and rf any successor [usta.
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