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<br /> �,�1`-.r�c,�.F : Q U�dec.caceives hom Borrax�er or tor 8orrprMar's benefit wiil be�pp�ied 6rst�o any amoun�s BonoWtr ow�s on tM sRwnd de4t�xduf�N Of
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<br /> �,�s: -;�•t,- �; . intemst or prineipii.seeondto inures��tnd then io pn,�cipit.lipsrtiat prepsymenc oi the sewred d�t awn/ar tnY rusGn.it Wifl AOt�. �,,�,---
<br /> -��� �� < � � or ezeuse aelr scheduled.payment until the cewred d�bt is paid:n tutl. , * _
<br /> �.��r'`4 n, ,' � '� 2.Cl�ims�instTRN.BoROwer witl pay all taxes.assessme�ts.and o►her charges attribuUbte to tAe properry+nAan due�r►Q w41 d�tertd tith. � °,-- _
<br /> �, - . . !"�. to Uie propartv a t�nst srry daims whiCA vwutp impair the lien at ihis deed ot trust.LGJ�aer msy require Bmrow�r to assign ury ripAb,d�ims ;��__ --s
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<br /> _ <0 or defe��ses whi�SorraNer mav have sgainst parnes�wt�o suvP�v►P�r or rtw_ceaa�s to i�sspreve or ma�ma+n ths properry- • . � _ ._ -;_,..,�,
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<br /> 3.h�.Sorrower wiU leep the pr�perty insured under.tem+s eaeptaD►e to LenQer ai Borcower's expense and for Lendars bpnbfi4 AI! ,r � �. *.
<br /> - -� � insurance polic�es ahall indude a staodard mortgage clause�in fava*"ot Lender.tender.will be namad as tau pavee oe os ttie Incu�d on anY � � ",;}.
<br /> 't �f= auch irtsurance po(icy.Any ir�surance pmceedS may Ee apphed.wtthin tender's discro6on,to either tRe restorat�nrt or ropii►oi thf dam��d : ..
<br /> :� �- " DrppeMortathesacureddebt.ifLenQerrequiresmortga3em��arsec Borrawera�reesWmaentairtsueAinsuraace�oFaslong�sLenM:rsQuira.--- - . .
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<br /> . < N I.PropMK Hoaowe+wilt keep the praperty in goed condi$on�and rteale a�l repairs reaso'nabty neceuary. � �
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<br /> � ' " 5.E�nses.Borrower agrees to pav ati LenCer's e�cpenses.inctudin�reasonable attorr�eys tees,it Bnrro�aer breats any covenaats ia this daed ��,.
<br /> � •- oitrustonrtarryohiigati4nsecuredbythisdae�oftrus�BorrowerwillpaylhesedmountsioLe�nderaaprpvidedinCore+eantSofthisdeadofuusL , • --
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<br /> . . " �,ptipr S�itr kit�.Uniess Borrower first ott8ins Lendeds w�en tonsenz Bor►nwer.Yrilt not make or permit anY chinyes.W!nY prios . : __
<br /> securiry interests.Bn�mwer wilf peAomr aIl of Bannwe,'s obGgations under arty p*ior mortgage desd af trust or other aecurity a9reement. _
<br /> � ' induding Hormwer's cn�nanu[o maAa paymants when due _
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<br /> -_� _ __ _ .__� - 7,Assiann��t yf Rrnts aid FrOGtt.8orrovMer assigns to lender the renis an6 profits Of the propertV.Untess BanOwer and Lender have aqreed — _ _
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<br /> ,,; . , ctkerrvi�e iR writmg,9orrower may collect and tei8in the rents as tvng as Bonaweo rs not�n detauli-tt�sotitiEr delautis�Lender,Lender's
<br /> agent or a court apAa�nted receive�may take possession and manage the property anQ oottect th¢renis.My renu lender wltects sh�It be � � _
<br /> •f. �_ _:, r�,'• ._ ._ _ _:x�phed frrst to t�e cosu of managing the property,inctuding Court cosis and attomey�fees.�emmissions to rerrtat agents,anQ A�hI other �,__
<br /> � .n�essary retated expenses.'Pfie remaimng amount ot rents wHl ther+apply to payments on tt�e�secured debt as prwrQed in Cavenant 1. - - 'r-. _. _
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<br /> `�- �- - � 1�Lps�fioi�s�Condanfnw�ms;plannd Unit Oawtopm�nts.Barmwer agrees to cam�ry�w;th ihe provesions of any lease if this deed of trust ' ` �•-'���--
<br />`;�`�:. •<�/ ��'is ow z teasefiold It this Qeed af t�ust is an a unit in a condominium ar a planned uni!devetopment,eorrower witt pertorm an ai Borrowers , '<�,`_:�.�_
<br />`�`'.'.;>�. ` ;"'�- duties under tfie covenants.ty�taws,or regu�ations of the condominium or planned unit devetopment. . � • ��� :��-
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<br />=i' � , ' "f,A�thority pt l�t�r m i1�clor►n tpr Bor�ow�i tf Barrower faifs ta peAortn acry af Barrowers duties under this deed oi t�ust,Lender may , � ��"�
<br /> perform the.duties or eause tfiem to he Re�onned.Lender may sign 8orruw�r's name o�Aay a�y amaunt if necessary tor performance.If sny � +
<br /> • • � • corstruclwn on the property isd�saoriwtuEd aF.not ta►ried on ia a reasonable manner.Lendes may dawhatever is necessary to priatect Lenders � ��_
<br />� ' � � • . security interest m the property:Thismzy ia:�ude campleting the construciiaa. ` ,
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<br /> :;, lendefs failure to peAorm weiE:�o:prec}4da aende►trom exercising any of its oiher rights under tfie Iaw er this deed o1 trust. � � ' �r�
<br /> � .,'„'�' . �� � �:-�Any emaunu paid by tErr�-rsyrotect Lende►'s seeeiriry+nterest wil�he secured by this d�ct ot t�use Such amounts ws�t he due on demand -. _ , ; _ ��
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<br /> ' - �:'and will 6earinterest frcr-s:;'.1H'date of the paYment untit paid m full at the interest rate�n effect on the secured debt_ !
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<br /> - , ,�,,::,. ,•• �'�,�1a O�fsultsn4Aee�feati�n If Borrower faifs to make any paymem when due or breaks arry wverta�u under ihis deed of trust or any o6ligation [ ,
<br /> •�� � secured by th�s deed of tru$t or any prior martgage or deed of trust.LenQer may accelerate the maturity oE ihe secured debt and demand
<br /> r,' � , � immediat5.;,���r:ent antl may invoke the power of sate and any other remedies pe�m�tted by app1icabte taw.
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<br /> , • `;tt R�quesf fox Notit�9��5l.�t is hereby requested that copies of the notices of detault and sale be serii to each Oerson who is a party ��: .. . ', ..�
<br /> ,"'���" . hsreto,at t�eadQress E�Q��:.;•,�ch person,as set forth berein. ,t ` �
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<br /> 12.Obw�r o1 Salr If the Le�1:s invokes the power ot sate,the Tn,stee shalt first recorQ.in�the offii;z oi the register pf Qeeds of each county �.�, ���r
<br />� -�'� .r��r?��. � whereio the tvust propertY or sarne pan ac.�,arcel thyreaf is situated a notice of defat�lt'w�ta;nirtg the information requ�red by taw The Trustee _ _
<br /> �{ . shall also maCt copees of the nofica Cf qal�r�t to the 8o�rovue►,to each pe:son.who�i�a pan{e hereto,an0 to other persons as preseribed by :.
<br /> appticabte taw•Not lesa than one mo:�::ti�a�er the Trustee records the natice af de4autt�m�two manths if the trust propeAy�s aot in any o.
<br /> �. i�corporated city or vitlagear,i�s used in tartning ope�ations carried on by the trusto�the�rustee shali give public notice of eale tothe persons '
<br /> s • � and irt the manner prescrds�b 3Y applicabte law.Trustee.w:tfrout dernand on Borrower s�iat!sell the prope�as public auction to the highest ; �
<br /> � � tlidder.If required by the Fam Homestead ProtectiQn Act;Trustee shall offr.r the praps•�tr�1n two separate sa es as requ«ed by applicabte law �� , �
<br /> Trustee may postpone sate o4 a�l 0�8rry parcel of the property 6y public announcement�E the time and place of any prev�ausly scheduled sale.
<br /> , (, lander or its des�gnee may purchase the proDeRy at any sa►e. .
<br /> � Upon receipt o1 payme�t ot tAe��rice bid.T�ustee shatl deliver to the purchaser Trustee's deed conveying the property.The recitals contained � •
<br /> - in Trustee's deed shall be prima�facie evidenCe o1 the truth ol the statements contained therein.Trustee shall app1Y the proceeds oi the sale in i � �
<br /> the fottowing order: (a►to.att��xpQnses of the sate, including, but not lim�ted to,reasanable Trustee's fees, reasonable attorrtey's fees and ;
<br /> . reinstatement tees;Ib1 to ai?sams secured by this deed ot trust,and Ic�the batance, t a�v.to the persons�egalty entitted to recerve it.
<br /> ; s`,� � 13.For�ctosuro.At Lendersog;;oa tb�s desa of trust may be foreclosed in the manne�p��e`�sd by appficabfe law for forectosura oi mortgages _
<br /> on reat property. � ,.� •
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<br /> • � � �'"�'� ' 11.lesp�etion.Lender may e�:er!�e•�c�R�'tY to inspect it i!lender gives Borrowar natice beforekz-•3.ft:e notiee must state the reasonaWe • `.:%.,
<br />� ,:�,��:;..4:��:��.:�'.;;,.;�;�'• cause tor lenders inspection.,. ' ,;. .. :. • :�.-`;�"::
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<br /> � � • � •15.Cond�mMtion.Borr�Me*assigrts to Lender the proceeds of any award or ctaim far��-.s�es conneCted with a ConQE�Ration or other taking -
<br /> � , oi all o�any pah of the pr�p�yy.Such proceeds will be applied as qrowded irt Cover.F-+'s this assignment is subjeet:.t[*e terms of any prior 'S,
<br />' � _ � security agreement. ' • �
<br /> 16.Waiver.6v�xe�cising any remedy available to Lsnder,Lender does not give up any rights ta tater use any atAer remedy.By not exe�:sing � � ,
<br /> '. � any remed��u���18o�rowerg default,Lender does not waive any right to later consitler the event a detaalt i1 it happens again. •
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<br /> 17. Joint anQ Seve►alliab?fRy:Co-sign�rs;Succassors andAssigns Bouna.AII duties���=-this deed of trust are joint andseveral.Aosy Borrower ,
<br />. wfio co•signs this deAd Of truSt but does not co•sign the underlymg debt instrumentlsl dc�:•s so only to grant and convey thalBorrOwers interest
<br /> ' in the property to the Trustee under the terms o!this Heed o1 trust.In aAdition,such a Borrower agrees that lhe Lender and any other Borrawer
<br /> under this deeQ o1 trust may extend.modity or make any other changes in lhe terms of this deed of trust or the secured debt w�thout ihat
<br /> �� � , 6orrower's co^3ent anA without reteasirg tnat Borrower from the term,of th�s deed of trust ,
<br />�• � .'�'- fhe duties a���benefits of tbis deed o�tru5:shall bind and benef�t tr�:;�;r�sso�s and assigns ot LenC'E�'ertd Borrowec
<br /> ��r ' ts. Noti�e.Jntass othervti•1:p repuhed by law,any notice^�cs��a.�e��s��S�ne given by d6livarinc�it or by maiting it bti cErfitied mail addressed
<br /> °��'' � F to Borrasv�r z4 the proG4'rnlca�rbss b�any other address t=��_B�'ruFfe`�asq�ven to Le���or.Bo��ower will give any r,a°r�co Lender by ceRified .
<br /> i .
<br /> :���',-� mail to Le�::r's address G�t4e iront sido 01 this dood o!T��ust.i;r�;•:�;G'��er addre;s which Lender fias designated.�.^•�oiho�notice to lender
<br /> }� . ehe�l bA s:+`.r ib Lendei S'aclAress es eteted on tho front sido a1 th�s C'e xy�t lrust. • '
<br /> F• s • Any�oc;ce s��'!-be deem�d to havo benn giv9n to Borrowe�or Lend:��v%�i g��en in the mannvr stetoA 8bove. '
<br /> 19. tanst�r alths Proptrtq»r a B�nelicial tMerest in the Borrowe►. If�,:t or any part t�f thv property or gny interest�rt�t i9 sold or trar.sterrgd '
<br /> with0ut Lend�►'s prior wr�t2��tons�nt,Londer may demdnd immediate paymont vf the secured dobt. Londor mav a'str demand�mmed�ate
<br /> i . • [ p8yment if th9 8�rrowe��5 ryt 0 natwal person&nd a benehcial intvre8t�n the Bb�rpwer is st�Id o�I�t�ns�orred.HoK•eve!�en�gr maV not demand
<br /> �S' �' I payment in the ebave situati�ns���t is prohibited by federal law as af the date of th�s dvad o1 trust
<br /> .. . .;, . � 20.B�eonwysna.When the obligation secured by this deeci of trust has bee�,pwd.and L�nd�r has no further obiigat�on to make advances
<br /> � under the instruments or agreemtints Svr.iued 6y this cieed o)trust. thF•7�ustev sha1L upon wntten rpquest by Ihe Eendet reconvey the trust
<br /> j propany.The Lende+sha+{d9kvH�tb th6 BOrrOwar,or to BaaoK7ii s su�cass�ir„�mfr.rr.st thc trust deed and the note o!other ewdence o}tt+e
<br /> • ! obligation so satisfied.Borrower shall pay any recordation costs
<br /> ' t . �
<br /> � Zt. Suet�ssor T�ust�s.tender.at LendoFS option,moy remove 1'rustee and appo�nf a successa�trustee by 1�rst.mading acopy 6t fhe substrtution
<br /> ' ' ; ot trustev as required by applicable law.��nd then,by til�ng the substitut�on df uustee for reco�d in thv otticR ot the register of deeds of each
<br /> • f County m wh�ch the trust prpperty,or somo part ihereof,�s situ�ted. thb suaessor hustee.withbut conveyance o1 the propgriy.Shalt sucCeed
<br /> . . to ell the pOwer,dutie9,authority and titte of the Trustee ndmed in the deed of Uust and o1�ny succesSOr iru5tbe ,
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