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<br /> .. ��i� COVEHANTB �F.7'� ��I��� -
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<br /> 9. Pay��.ti.�a. Borroe�er npree� to mako ol! paymonta on tho cocured dabt ��han duo. Unlono �arrowor und Landor nproo othorwloo, ony ,�.
<br /> �Onymcnto l_onQ:r rocclvc� Prom [forro�•�or or ior GorroLfcr'o benaflt vlill ha epplt�d Nrot to eny emounto Borro�vor owog on ths oecu��ed dobY
<br /> �xctua{vo oY Interast or principut,oecond to InYaroat,ertd t�en to F�Ifltlpef IP p�rtlol propoymont o4 ih�cccus�d dcbt occuro for any roaaon,le v�lll �
<br /> ;' not reduce or excute eny schaduled py en�,ttnttlthe uCUrad debt it pel�i In tull. -
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<br /> f. ' 2,CINnu AyYrat 4ki�.Borrow�r w piy 11�}�es;� � #te�irr�e�t�,����ot�rar cherpe�attribut�ble to th�p►oparry when due end wlll defand tips ..
<br /> .^'�•'?�`��+ to th�proparty a dn�t�ny clatmt Ich�o�tl'Nnp�'tiw'INn of thl�d��d o}trua�4.Lend�r m�y roquite Boirawer ta eailgn any ripht�,cl�lrn�or -
<br /> . detenae�whlr,h�orrower may lie�e efr9st pa►t}ss wtro euppN iebor'Er ro�2edel� to Improvo oe malntaln the property. _
<br />-.:;�.s'�ti.'
<br />�-��w�5i�}r� 3.Aiwrr�a�.Borrower wlll kesp xh�property Inwred under terme eccepribts to lend�r st Borrower'e expen�a end tor Lender'�berefit. A!I o
<br /> _ ti„ Inaurence policies shelf Inciude a�tenderd mortyape cteuae In favor of Lender.Lender will ho nemed as loes paye0 or ea tha Inaured on eny such
<br /> Imm�nee uullav.Anv Ineurance arraeaads rncv ba apn�t�d,witiiln La1d�r'a dl.cretton,4a olthcr th�raatarotton or roPa�r of tha dcm��cd prop�rtv �--
<br />���7:?��x�� or to th�tscured d�bt.I}Und�r nquins mort��a Insunncs,Borrowe�pna to mUnt�ln wCh Insw�nce for n lonp as Lendsr raqutre�. -
<br /> ���'�` 4.Prapxty.Borrower wlil keep the propsrty In pood cortditlon and make dl repairs reasonabfy necaRaary. ;,
<br /> ���� 6.Expenw�.Borrower aqreas to pay all Lender'�expenee�,includinp reason:ble attornep'fee�, ff Borrower breeke eny covenanU in thl�deed `-�
<br /> •-- r °_�� • of truat or in�ny oblipatlon ancured by thts deed of truat.Borrower will pay these amour.,to Lertder aa providod in Covenent 9 uf thie deed of �:-.
<br /> �,oG aust.
<br /> � t`�T 6.Prlor B�eu�Inte��b.Unlen Borrower first obteini Lender's written consent,Bcsrrower wlll not meke or permit any chanpea to eny prlor --
<br /> .'.��r e�CUrity Interea�a. Bortower wiil pe►form all of Borrower's obligationa under eny prfor movtpege, deod of trust or other security aQreement, -
<br /> � ,���:r..°. includinq Borrowar's covenants to make paymantn when due. `
<br />.�� �•.
<br /> "k�`S T.M�!�n!of R�nte and Pro11u. Borrowar eadpro to Lender the ronte and profitt of the property. Unlese Borrowor and Londer have apread _
<br />,;;-,;;,._ , . otherw ifi in wAtinp, k3orrower miy collaat a�d rotala the rents es lonp ea Borrower la not in default,If Borcowar defeulte, Lender, Lender's _
<br /> eflent, or a court eppointed racelver may take posseaslon and manape the proporty and collect tho �entc.Any renta Londer collecto shall 60 _,_
<br />: �"..�;:�^ applied first to the coats of maneginp the praperty, inctudinp court coate end attornoys' feea, commlasiona to rontal agonte, and eny other
<br />--==°��� necesaary related expenaos.Tha romaininp emount of rents will then eppiy to paymente on the secured debt as provlded in Covenant 1.
<br /> -="�:Lsr�
<br /> �°_'��� 8,lw��hoid�t Ca�dominkwru;PI�Md�lnit[Hv�lopmenb.Borrower�prNS to comWy with ths provislon�of�ny le�:e If thla deed of truct b on
<br /> --"' e Ieesalr.,ld.It tld9 deed of uuat le on e uNt Pn e c�ndominlum or a plmnad unit dwatopmanL Barrower will perform ail ot BorruwK'�dutbs
<br />-z,�:�,5���� under tM covenanta,byI�wa,or ropul�tion�of th�condomiNum or pl�nned unit devdopment. __
<br /> �;��:�. 9.Autlaalty of LYrWK to P�rfom►ta lorrow�r.If Borrowe falia to nxtorm my of BorroweYs duNee uoder thb deed of trust, L�nder m�y
<br /> �� •- pertorm the dutie�or c�u�a them to be pa�tormed. Lender may sipn garower'� n�me ar pay eny amount(f neceia�ry tar performanca.If any
<br /> '•"'�''"' •� con�t►uctlon on theproperty Is dbcontinued or not aarriad on in a roaeombte mmnar, Lender msy d�what6ver ta oecasaary to protec4 Lender's -
<br /> ;"_:�-�=� securitylnterett in the propsrty.7his may inciu�completing the canatruction.
<br /> �:::!';�,� I..�nder'�failure to perform will not preclude Lender irom exercleinp eny of(te other righte under tho taw or this deed of truat.
<br />.�,.;�b��� Any amount�pafd 6y Lender to proteat Lender'�security intorest wfll be�ecured 6y thla dead of truat,Such amounta will be due on domand
<br /> --_ and will bear Interest fram the date of the p�yment until paid in full at the interest rate In efi`ect on tho secured debt.
<br /> '���-� 10.D�faAt�nd AcaNNWon. ff Horrower feile to meke eny payment when due or breaka eny covartanta under tMa deed of trua2 or any
<br /> - ;;;�:�� obfipation secured by thlc daed o}vuct or any prlur martpaye or deed of trutt, Lender msy oceeierate the maturity of the cecured dabt end -
<br /> v_,-�v dam�nd Immedlats payment arid may invoka the power of ssle end any other romadlea permitted by appllc�ble Iaw.
<br /> - 11.R�qwst for Nofk�af Whuk.It la hereby requeated that copie�of the notice�of defeuit and sete bo sent to eacl�persan who le e psrty
<br /> - —�_--,�y� �-:'SG.:2:s:��r,.�0!s:�t_u^,.!!�ssaR,ee e'L lsti.h 4!erelr..
<br /> -,ii�e�sl 12.Powa ot 6M�.If tix l�nder invakes tM powe►of eale,the Trustas shdl Hret rocord in the office of the ropister of desd�of e�ch counry
<br /> F wMrefn the trust property or eome part or parcel thereot is situated�notiee of def�ult containinp the Inform�tlon requlred by Isw.Ths Ttust�e
<br /> '`'�: sh�N�fio mdl copin�}the notice of dofault to the Bonower,to each perton who is�party 1►eroto,sr�d to other penon�aopr etcribed by
<br /> •---��4�= applicabN law. Not las�than on� month sfter the Trustee rocord�the not!ca of def�ult, or two moMhs if the uust property le not In any
<br /> - incorpontsd cfty or vill�ye�nd li us�d in hrmtnp operatbns c�nled on by th�truata, tFa Truatee shall pive pub;ta notice of��le to the p�rsons
<br /> -- snd In tM�n�nnsr prescrlbsd by�ppplicable law.Truetss,without demend on Borronrer,ehell cell the propsrty�t pubtia wation to the hlpMa
<br /> - —= bidd�r.If rsqulnd by tha Farm Homs�t��d F'�qtection Act, Truatee nhall ofter the propertv in two cepuete ules aa required by applicabla law.
<br /> _ �endsr a Iti d�tp�i m y purchiie�the�aperty etha^yro�p1e by publlo�nnouncem�nt�t tM time�nd p!aca of any prevbuety echeduled��k.
<br /> Upan r�aipt of paVmsnt of tM price bid.Truats�shall deliver to the purchatw T�utt�e'�deed conv�yi�p tha propsrty.Tha reciti�ls cont�insd In
<br /> TruaeeY daad QhNI be prima feele evldience of the truth of the etetemente eonteined theretn.Truetee ehdl app�y the proeeed�of the nale in the
<br /> followinp order: (a) to �II expen�es cf the saie, fncludtny, but not Itmits� to, ressontble Trustee'� feet, reaton�ble amDrney'e fee� end
<br /> ��leutarmsnt feet;lbi to all sumt secured by thi�doed of truat,end lo)the bU�nca,if eny,ta the pereon�leQelly entitted to recetve It.
<br /> 19.Fonelowr�.At Lender's optlon,this deed of trust may be foraciosed In tt�e mannat provlde by eppllcable law for fareciosure of mortpaye�
<br /> on nsl property.
<br /> 14.in�qctlon. Lender m�y snter tha property to Impsat it If Lender�ives Borrowor notice beforehend.Ths notics muat cate tlw rea�onaAte
<br /> c�u�s fa Lender'�InrpecUon.
<br /> 16.Cond�nxiWon.Borrower a:tI�ns to Lendor theproceeds of eny nward or claim for damapee connected wtth a condemnation or o4her teklnp
<br /> ' of�II ar my p�rt of the property.8uch proceeds will be�pplied aa providsd In Covenant 1.Thi�asiipnment A subJect to ths terms of eny prior
<br /> . a�curityipr��msnt.
<br /> - -------. 16.Walwr.By exercieinp eny remedy eveilable to Lender,Lender doea not 8�ve up eny dghte to I�ter uss�ny other remedy.By not axwcfiing
<br /> any remedy upon Borrower`s dnfwit,lender doea not waive any ripht to later consitler the avsnt a deteutt if It t�appens ep�ln.
<br /> _-_ - 27.JdM snd S�vKN U��y•Co-slonsn; Secc�s�on �nd Autpm Bou�d. All dutie�under tfii� d�ed of tru�t are joint and aevard. Any
<br /> - Borrower who co•:Ipn�thl� de�d of truat but doas not co•slpn the underNln� debt In�umentb) daes �o only to �rant snd convey t��t
<br /> Horrow�r's Interest In tM prope�ty to the Truatee under the term�of thl�deed o tru�t.In add(tlor.,tuch a Borrowar epraeo thet the Lender and
<br /> "-" --"-`�'� eny othu Borrower undar thio daad of truat mty eMend, modi�or meke eny other ohan�Ies In the terms of thie deed ot tru�t or the sacurod
<br /> -- dabt witho�t that Bonower'o con�ent end wlthout reieadny that orrower from the term�of 4hla deed of uu�t.
<br /> � —� Th�dutbo and benefttc of thls dead of trust ch�ll btnd and benefit the succesron end esalpns of Lender end Borrower.
<br /> =�== 1!.Mobe�. Unles�otMrwiss roquked by law, eny�otics to Borrower shtil ba plven by dellverinp it or by malliny It by cenified mait addroeaed to
<br /> _s_;,_,-i� Borroww st th�property�ddresa or enY other eddresa that Borrorver haa piven to lnnder.Borcawer will piva eny nottco to Lender by certitied
<br /> - maN to Lender'�addreee on page 1 of thi�deod oi Uutt,a to�ny other�dclre�s whlch Lendar he4 dsslynated.Any other notice to Lender shell -
<br /> .--'z-=�.=;��,c be�ent to l.ender's eddreea ea�teted on pape 1 of thio daed of truat. -
<br /> -,;;_;;���; Any noUce shill be deam�d to have been piven to Bwrowe►or Lender when plven in tho monner st�ted ebove.
<br /> `°�`°�'�" 18.Tran�fK of tlw Propwty a�Q�ticid{nt�r�st to tM Bartow�.It ell or�ny part ot the property or any Intere�t In it la sold or tnmterred
<br /> ��`_ whhout Lendar'� prior written consent, Lender muy demand Immedlate p�yment oi the secured debt. Lender may at:o demarxl immediets -
<br /> .� �t payment if the Borcowx ts not e natural pereon and s beneticiel Interest In the Borrower Is sold or tranatortad. However, Lender m�y not
<br /> _��s'i dem�nd paymsnt in tM�lwvs situation�if it is prohibit�d by tederal law es ot thn dete ot thie deed of truot.
<br /> - .:��v;n,,;
<br /> .:;;?,;.-���•••, .�0.R�conv�y�nc�.When thc oWlpation sscwsd by this deed of tru�t hts been p�ld and Lend�r has no further abilpation to make edvencea
<br /> �-�is�e_'„y`�� under tM InNrum�nt�or aQreements�ecurod by this deed of trust,the 7►u�te� shUr upon wr(tten requeat by the Lender,reconvoy the trust
<br /> •-- "'-' property.The Les�er sh�ll deltver to the Borrower,or to Borrower'e ar,ceasor In In4erost,tho truat d4ed and the note or other evidance of the
<br /> �i�"-. � oblipetion ao eetisfied.Bonower shall pay eny rocordatlon coate. _
<br />•:�':'`;; ' 2L BIfCC��iOf TfUitM. Lender, ot Lendor'e option, may removo Trustoo end eppoint a eucceesor truatee by first, mailing a copy of the =
<br /> � ���,:•�;; eubatitudon of truatee es requlrod by applicablo�nw,and then,by 41ling the substitution o}trustoe for record In the office of tho register of deoda :
<br />, � " of oaah county in which tho Vuat proporty,or somo part thorcof,Is eltueted.The succoasor truetao,withaut convoynnco of tho propo►ty,ahall
<br /> -`-��:.t��,S e.' ' suCC�ed to sll the power�dutlee,euthoAty and title o4 the Truatoo named in tho doed of trust and af ony euccossor trustao. i
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