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<br /> , COVENANT6 � ��`� ��A�/�i7 �
<br /> 1. Pnyr�tc�do. Onrmv�c� ngrccn Qn matcu r,ll nyrmnen on ih� r.neurcd dobt whon duo. Unl�nn ftolrowor nnd 4ondor nproo ath�wino, nny
<br /> exc!uolva otentarset oi principil sacond toont�or�;orQrnd then to p►Iticlpal.lf ptirttsl pre�psymeiit o}tho eecuvmtl Jebt occu�e for n`ny reeaon,�It�w�Iil
<br /> rat r�dua or�xcus��ny ach�dulad p�yment untll th�ucur�d dvht I�p�ld In IuH:
<br /> '� 1.Clakn�Ap�6ntt Titl�.d�rrowor wlll p�y�II t�x��,votNSmfrito,md otlier�h�ryu�ttribut�b�e to theproperty whsn dus�nd will ds}end titte
<br /> to tt»prop�rt�9��lrut�ny al�imr which woutd Imprir tM Ilan of!MA d���d af t�uat.Lend�r m�y rsqulre Borrownr to seolp�eny rlphte,clelme or
<br /> " iloi:��:::Y: lG��..CirC�::r s^^.,h�:::t!"2•p_•'.!""_'.'h�t'!¢*ti}il!+LN!r n.m�twri�tn�mnrnve er melntaln th�Drop�rtv. ,
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<br /> , �. Inrur�xw�.@orrowsr wlll kup th� propvty lnfured und�fr terme ecoepta6te to Lendnr at Borrower'o expenae and Pcr Lendnr'e benefit. All �
<br /> :: � "-•- - lr.:;.:aa::.:.!!L!se at���!r.:°�°•e��pfarA mnrtnae�r��uaw jn hvnr af L�nd�a L�rxl�r wi11 t�s nerned oa I000��vQe or a�tha Incured on any cuch
<br />:f,�;ti� ;'�•� In�unnc�pollcy.Any Iruurana proeiidi miy 6�i 6►INA,witfiln L�nd�r'�di�cnt�lon,to dther th�n�toratlon or npNr oT th�C�mspao propsrty
<br /> . "� o►tu the�ticund debt.If Lender require�mortptp�Pnsunn�o,Bor�ower�pree�to melnteln�uch Inaunnce for e�lonp ae Lender requires.
<br /> _'S�rt��• , ,
<br /> � 4,rtop�rty.Borrowor will keip the propuly in pood conditlon end m�kn dl repaln nssonebly neceseuy,
<br /> 6.EMpw►N�.Barrow�r�pra��to p�y ail L�ndsr'�axp�ro�s, Includlnp reaeontbte attornsya'fee�,Ii Borrower bre�k�sny covanent�In tht�daed
<br /> of tru�t or in�ny obilpitlon seCUred by thlo d�sd o1 trwt,Borrower will pay thess�maunt�to Lender ef provided In Covenant 8 of thle deed of
<br /> -- . � .�.� truot.
<br /> , �.d e.pr{or a��y Mt�n�U. Uni���Borrowu tint abtafn�Lend�r'�writtsn con�ent,Bortower wlil noi m�ke or permit any chanfles to eny prlor
<br /> �. ��curity Int�r�tt�. Borrower wlil putorm�tl of Bonowu's oqti�atlons under�ny prlor mortpiya, de�d of trust or other aecurily egroenient,
<br /> .k ' . � In��uding Borrow�r'e cownant�to m�k�paymsnta whan duo. .-�
<br />�"`='� '� ' 7.AfNpnre�M of Mt►b�nd rtofh��Borrowsr a�dyns to Lendu the rsnt�*nd proflt�o}the property.Untese Borrower end Lendnr havo�gread
<br /> _�t.-.:t`:;.� �.
<br /> oth�rwi�� In wrltinp, Borrow�r m�y coltect ansl retaln ths rent� et Ionp a�Borrower t�not In defeult. If Barrower detault�, Lender, I.�nder's
<br /> ��" ''•• �' �pmt, or a co4rt�ppnlnted uc�ivK maY tak� po�ieabn �nd m�n�pe the property snd collect the ront�.Any rcnto Lender collecte shali be -
<br />"?F'^�rlA �ppll�d Flr�t to M�co�t�of m�n�ptnp the property, includlnp court co�tr �nd �ttorneya' fee�, cammicsiom to rental�pent�, end any other
<br />..iv:r;ri._,
<br />- �zxu�a,�e necssury relat�d�xp�nta.The remoTrtlny�rt�ourrt of rmt�w�ll then apply to payment�on the�ecured debt u provided In Covenant 1.
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<br /> "-�"�" 8.L�n�i►c►i6a3 CaiGoi���iu�:i�;F7�.�U�i R:v�cp..-.:+ria.Bcrrorrer epreas to comply tlith th�Rrovlalone af eny leeee H thle deed of t►uet ta on _
<br />--=i'=,� a Iwnhr►Id.If th1�dNd of truet lo on�unit In�condomirtium or�pl�nn�d uMt Aevstopment,Borrower wlll perform etl of Borrower'�dutiei
<br /> -,:7��, und�r tM cnwnant�,byI�wa,a npulatMru af th�condominlum or planrnd unit dewloprrHnt.
<br /> ^�`'"'�"�' 0.Authaity of LwxMr to Pwtorm fa dorrow�r. f} Borrowe f�fl�to orm�ny of Borrower'o dutlu und�r tht�deed of truet, Lender mey
<br /> _���•-::;rfr;� prform th�duU�s or c�u��th�m to b�p�dorm�d.L�ed�r m�y slyn arowu'�nem�or pay any amount I}neatury tor pertormu�ce.If any
<br /> corutructbn on ttNprop�rty It di:continusd or not carrN6 on In�ntton�bN m�nn�r,L�Mir m�y do whats�sr It n�c�u�ry to protact Lender'�
<br /> ;;��;Mer��t� acurity Inter��t In th•pro�rty.ThU may Include completin�the con�truccion. _
<br /> "v_�i.j.� Lard�r's faliun to p�rtorm wfll rsot pr�cfud�L�nder tram�x�rcitfnp my of ka ott»r►lyht�undar the i�w or thi�d�ed of truat.
<br /> �_�L�� Any�mount�p�W by Lend�r to protsot Lendsr's wcurity int�rost wlll bs sscurod by thl�d��d oi truot.Such�mounU wiil be due on domand
<br />��-:�z and w;ll b�w interuR irom tAe date of tne p�yment untfl p�id In tull�t iM Interatt rats In�tfect on Rhs�acurad d�bt.
<br />==xy-�'� 1Q. Wiwk�nd AecNK�tlon. If Bonower t�ib to m�k� any payment whan due or braak�any covsn�nU under thb desd of Vust er eny
<br /> � ��s� obl►p�tbn ncurod Gy tl�ls deed of trwt or�ny prlw mortpt�pe or deed of trutt, Lendsr m�y acceNrats tM m�turity o}tNs securad debt er+d
<br />___��� d�m�nd Immedi�t�p�ym�nt and m�y invoks tha powar of sate�nd my ott►�r romsdNs psrmlttid by applicabl�I�w.
<br /> �� 77•H�Z 10�l�GOGr Of�Jf1Y[.ii ie iwreoy raqueiiw ii�ii i:vyie6 'vi triu iAi=Gvi v=�viL'u�3iiv ii�o Z'i�v Lif:i:a:�C.�3 jr..�f�03:'�w:�«jS�ti'i -
<br /> :�� hento,�4 the addre��of each�uch psnon,a�aet brth Aereln.
<br /> �----� 12.PAWM 01 S�M.If tM Land�r fnvoket ths pawer o}��fe,ihs Trustee sha0 tirat rocord fn the oflic�of the reginer ot deads of esch county
<br /> --_�-•�°i0-� wt»reln tFo�trust propxty or some part ar parcd thenof I��ItuatHf a notice of defauit cont�iNnp the Inform�Uan roquired hy law.The Trustee
<br /> - °_�� �ha0 d�o matl copks ot tha notia of dNauit to tt►�8orrower, ta each person who i��puty hsroto,and to other par�one a�prescribed hy
<br /> �pplicabl� law. Not Isa than on�month �it�r th� Tru�tee ncordi the notice of d�fault or two month�if th�tru�t property Is not In any
<br /> — Incapa�tod clty w v311�pe and t�uad tn hrmfny openUons cerrisd on by the tru�tor,the'Ftwte�shall pive pubtio notice of aete to tt►�psraon�
<br /> _ �nd in tM mann�r{xesuibed bv appplic�61�I�w.Tru�tea, without dem�nd on Borrower,�h�il sell the pro{»rty�t pub1ic suation to tt►e hiph!�st
<br /> -'-"— biddK.if tpuk�d by the Farm FtortNate�d Protectbn Aet. Truttee thail oHdr the property in two seperats�ates a�requlred by applicable Iew.
<br /> --- TrwtN may postpon�o�lY ot all or�ny parcel of the property by public announcement�t the tims and place of�ny prsvioutly�chedulM�ete.
<br /> L�ndK a ks d�si�nN m�y pxchau th�proparty�t any�ats.
<br /> . lDpon nc�pt of payr►�nt of t prlrw bld,TrustN shsll d�iiver to tM purch�tsr 7rutt�s'�deed conveyinp the prop�rty.The rectti�t�conteirwd tn
<br /> Trustea's dNd shall b�prima�acts widimc�of tM truth of ths stetements contained thsreln.Trustee th�ll�pply ths procerdi of the aak In the
<br /> ! fdbwkip ordor: (�) to �II �xpanse� of ths sats, Includinp, but not Iimlted to, re�tonabte Truatas's fe�r, re��onable �ttornsy'� fee� and
<br /> r r�ir�t�t�rt»nt fees;lbl to�11 tumt e�cured 6y this dead of Vu�t,and(a)ths balance,if�ny,to ths persnn�Ipally�ntttted to recelvs it.
<br /> —'. 13.For�r�.At Lender'�option,thl�deed ot truet msy be forectoacd in the manner provlde by eppllcabi�Isw(or torectoaure of mortpope•
<br /> . on r�al property.
<br /> 14.�yp� Lendsr may�nter the prop�rty to Insp�ct it If Londer flives Borrower notica baforehand.The notica muct atata the reaeonebls
<br /> cawe for Lendsr'�Inspoation.
<br /> 16.Coed�n�wtloe.Borrower�ssipn�to Londer ihs�ror,uds ot eny sward or ctaim tor demra�e ccnnected wfth s condemmtlon or other takinp
<br /> of all a any ant oi tha property.Such proceede will De�ppiled ea providad In Covsnant 1.7hls assiynm�nt Is subJeat to the terms af any prior
<br /> tscur(ty�flreement.
<br /> - ' 1tl.111i1iitl�.By sxerCi�ing any rerrt�dY availabte to Le�nier, LniNie�uuoa nui yive u an1r�iyi�is iu iuQne uou m� vii�ai raoiedy.Gy not'vxeral:i�7
<br /> �ny remsdy upon Borrower'a default,Lender dosa not wolve eny right to Ister cons�der tF.e event e defauit tf It�iappens again.
<br /> � � 17. JoN�t rM SwerYlLI�y Casipn�nt Succ�sson �d As�ipn� lound. Alt dutles under tht� deed of truat are Joint and soveul. Any
<br /> __- Borrower who co•sipn�this dicd of uust but doss not co•tipn ths unde►Iyiny debt In�irument(c) does�o only to prant and convey that
<br /> -- ---- Borrow�r'�lntareet In tl�s proF�rty to tM Trustea under the terma of tt�a deed oT truat.tn sdd(tian,such s Borrower aproes that tM Lender end
<br /> -_._-�- anY othv Borrow�r under thU Aeed of tr�at may sxtend, modi�or meke any other cfien(�ee in the torms of thl�detrd of Vutt or the aecured -
<br /> debt without th�t Borrowe�'�consent and wtthout reteuinp th�t orrownr irom the terma of thit deed of uuet.
<br /> ---°--- . The dutJs��nd benafite oi 4hU deed of Vuet ahall bind and be�efit the succasaon and a�alqns of Londer snd Borrowar.
<br /> -- -���� 1!.Nodc�.Unlest otherwise requ(red by i6w,eny noilce to Borrower shall he pivan by deliverirtg it or by mellinp It by certitied mail eddresced to '
<br /> -- = Borroww at tta prop�rty addross or any other�ddres�that Barcower h�s pfven to�ender.Borrowor wlll give any notla to Lendev by cerUfled -
<br /> - =���+�� mail to Lsndx's ed6reu on n�pe 1 ot thla daed ot trut4 or to eny other addross which Lender has dea�pneted.Any other notice to Lertder�hell _
<br /> -' `"���':� bn�ent to Lender'�address a ststW on pag�1 of thit doed of trwt. -
<br /> `�,;,.��`� Any notice shall be deemed to have 6een given 4o Borrower or Lender when pfven fn the manner st�ted�bovs. -
<br /> I'""-"-r1-�,'�'.w� 19.TdtufK of tM PropNty o►�BMNlftir Itfbqft(n ths Barow�r.(f ell ar any pert of the property or any interest fn It Ie sold or trancferred -
<br /> ---.,�'=k��':'� wlthout Lend�r'� pria written coment, Lender may demand immedfate payment of the eecured dobt. Lendor may elso domend Immedlate =-
<br /> �� �"�� '`?� demandtpiay eM In the ebove situations�(ip is pro��b�ed by tede al law es o4 tho date of�Is deed�o}irusianeterred. Howaver. Lender may not ...
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<br /> :_�`" �''"`'•� 20.R�eonwyanc�.Whan tM obtlp�tion aecured by thb deed of Vuat ha�been pald end Lender ha�no tunhar obliyaUan to make advancos =
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<br /> __,�� under the insvument�or eynemonte secursd by Shis deed of truat,the T�ustee ehelf upon written requost by the Lander,roconvey the truat _
<br /> ,�_:� p�o�erty_The Lende�shail delivor N the Borrower,_or"•to Borcower'e succosaor in interoat,tho truat deed and the note or other evldence of the =
<br /> �-+-r. oVityatN���v�atw��ou.w��v�a. on�n pv�auT tVYNYOIM��.v.��. _.
<br />�_•,;,;�"` 21. SYCC�qOf TN{tN. Lender, et Lender's option, may remove Trustee and appolnt a succecsor Vustea by first, mallinp e copy oi the
<br /> ,..;;;: subatitution of Vuetee es requtred by epplloable law, end then,by tiling the subatitutlon ot truatee for record in the oNice of the ropiater of deada
<br /> - of each eounty In which the uuat properry,or eome part thereof,le situated.7he succesaor truatee,without conveyance of tho property, ahall
<br /> � succeed tu ell the power,duties,authority and tftle of the Truatae i�omed In the doed of truat end ot eny euccessor trustee.
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