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<br />` � � ��.�5 � 9G� ������ . � . . _ _
<br /> �. p�ym*ab. Bortowor egreee to make all Daymants on the seeured deEi w7ien due. Un►ess Bortower and Lender agree othervv+so, arry • � � .. y
<br /> paymar�ts Lender roco�vos from Bortow6r or for Borrowcs's benefit wi11 bg appFiad first to any amourtts 9onowar owes on tha sesured debt � .,.- .
<br /> exc�'usnre of�rttarost nr prtncipnl,5econd to interest,and then to prinCipel.If parCat prepaymant of the socared debt ottut8 for any re88on,it wi� <<. , ... ,...;�„-�"_
<br /> not reduce ar excuse any,scheduled payment until tRe socured dflbt is pa�d i�tuti. , . . .
<br /> ' ���p�e��g z�nst�any C/a ms wAidf wauldunpalr the I o�o thia dsed of�uw.Y.Ln darumaV requ io Sorcowo t hass+pn ony rights ectaims or � _ _ , s
<br /> detenses wh:�►Borrowar may have 8gnitwt partles�vho suppty taCo►or materials to Imprcvo ot ma�nta�n the proparty. ',� ••
<br /> 3.Insusancs.Bonower will keeD the properiy insured undor terrtra eeeeptBDla ta lender at Banower'a escpense and for Lender's borafit.A!I ,�;����' `.,. : .
<br /> r • insurance poticisa sRall inetude a standxrd rtsortgage ciau�e in fswr of Londer.Le�dar wiil ba name0 as tosa payQO or�s Ne iruurad an any such ,.� . <' `'
<br /> `4. insuranco poLey.My insuraneo procaeds may 6e epplind,w.ithin lendar's diuu2tlon,to eiUter the restoraUon ar re�air of tt�s damaged property y. •.
<br /> . , ar to the secured deDt.If Lander requires mortgago msur�rsee,Barrovror agrct�ts to maintain sueh insuranecf foT es tong as Landar requ:ros. f, -�•
<br /> 4.PraS�riV•Borrower will koop the proparry in good cortdition and make ail repair3 reasonabty necossary. : � , • . .
<br /> • 5.6�s�a3.Bonowar agraQS t4 pay aU Lender's o�an�sa,inctuding reasonuble attornoys'tees,it Borrower breaks any cnvenarrts in this daed ----_-----=-�
<br /> � of uust or fn any obligatian seevred by this deeQ of trust.B¢nower wJf Qay Uur,e amoums ta Lender as provided in Covertant 9 of 4tiis dend of `� � , . �
<br /> _ Vust. , ,
<br /> g,p�Or Saeurity(nt�nsta.Untess Horrowet fir6t obtairts Lenders vait;en corwert.Bortower will aot make or pa►mit any changos to any qrqr . _. ' , _ _
<br /> ` seeuritY in2uesis.Borrowrer wiU pertorm a11 af Bortov�efs obligatians undar am�prior mortgaIIa, deed of trust or other secvrRy egreemanL ,. _
<br /> ' incladirtg Bortowar's tovenants to make payments vri�en due. t �- � '
<br /> :.....,:•�•-.
<br /> 7,p�sig�r�i of Rmts ut0 Profits.Bortower assiflns m Lendar U.e rEnts artd profit�o!tCu Oroperty.UnTess Borrawar and Lender ha�e agraed �!' � , '�
<br /> . othenvt�ae�n writin�, Barruwer may colieet and retain the rents as►ang es Barrovrtir ia cqt in dafauft It Bonowar dafaults,Leadsr,iender's � :��k„4,}Y;•:`^.__
<br /> agant,or a eourt eDAoirrced reeaiver may take possession angd mana8e tne�ropetty a�d so►Iact the rents.Any reats Lertder eoUsctv shtslf�e •� __
<br /> � neDtcessary tefated expenseslThe eman intg amot�mt�of re ts v�df1 then apply to RpaV�nertts oo th eCtued debt�as ptOVided ingCo�erca tat�,���ef � ' � ---,
<br /> r
<br /> �-,�;...1..•.r_`•----_.��
<br /> . .,; 8.I.�uehatds:Condam::�tvms:Ptanned Unit Develo�mantt.Banovrer agrees bc compty wiU the Provisians of any tease if this Qeed oY�:trt is on .:,,r�:�,—L�
<br /> a�easeho►d.Ii this dead of uust is on a unit in a eo:ulo'nmium ar a planned unit Qove:opment,Bortower will perfarm efl of Bonowefs duties ..,_,,_- ���
<br /> . uMer the covenants,hydavrs,or regulaions of the mnd���nium ar planned unit dovsi4Grorm� ' � ��'�z"`"'"
<br /> . _�.'�...__ -
<br /> "" 9.Autfiority ot Landar te Patfcrm fot Borravrar.tt Parravrer faita ta perfCrm ern1':P E1��r.e'«ers duaos under this deed of trus[, Lendet may s. .
<br /> ' Perform the dirties ar eause them w he pertomsed.Lender may sign 6ane�aer's namo orµaY aml Gtmounz(f necessary for perfotm�nc�t.7F any :.' .�•,-:+r:�•��:='� .;•:
<br /> ' eorsstruction on the yroperry is disoontinu3d or not eazriad on in a reasonaGo mannar,Lender may do�afwtn�!e►is nacessary to prCa3et Lmrc:sr's f �. m
<br />_ security(nterest in the property.Thls may inelude completing the consuuctian. '� . ��`<'
<br /> '��„ � ��
<br /> �.�'��, Lender's taihue to perform will not Ofecluda k.ertder frorts exr�tising any of its other rights tTder fhe Iatv or this deed o4 Vus4. `., ,,�:: -�r:Y�...�.
<br /> ` `} �—
<br /> MY amourrts Daid by Lender to pratect Le�der's securit�l ia�tIIrest vv�l to secured b�2�ts dead of uust.Such emourrts wi;!be due on demand �t
<br /> and wiU bear interest 4rom the date of the paYment unt�7 paid in fi:p at the interc�st ratv in etfeet an the seeured debt. rr,��+ � - -..
<br /> 10. Defo�t end Aced�ratton. If Bonower tails to make any paymnnt vfian due or 6reaks any covenarns undar ffiis deed of uust ot any � � •
<br /> � obligation sezured by ti�is deed of trust or any prior mortgage w deed of uest,Lender may accelerate tha mahuitY of the sacured debt and . ;� ���--
<br /> `-r:. damand immeQiate paVment and may inw&e the Dower of sale a�am�othar reme�es permitted by applt�abte law. ,,,,,,�, "�
<br /> M. � .< .
<br /> ` 11.R��wst for Nottw of Oafsutt It is hereby fequest�a tt:nt cnptes of the notices of dafauk and sale b9 sem to ezch Fersan who is a parcy � .s. .-?• �'•�, ,.�,•
<br /> � � �� hereto,at the address of each such person,as set YartE•fera�n. ' `
<br /> :��zsK��'" 12.Powar of Sats.tf the Lunder inwE�es tAu pov�ei of sale,ttie Tn:stee shall Srst record in ths oHfiee of the register of deeds of each wunty �'�''3t.I- .
<br />`"�'��;�' wherein the trust Droperty or sorr�o part oc par�sl thereof is situated a notiue of default corttainin tho+r'sn:matlon required by law.The Trustee •'t�Y,�;
<br />:, rs.._��
<br />`•-�• � shall atso mail eaples oi the noUCe o!daiaailk tc the BoROwer,to eactr psrson who is a party rota,rrr.d to other persona as preaai4ad by - ,A���
<br /> °�':f� ;" applieabte law. Not tess than one merrS.ahQC the Trustee records ttw notice of default, or avo mcrd�a if th9 uust Property is not ln any +�4'±� •f„: ,
<br /> ineorporated city or vilJage and Is used in farrnier,�operations canied on by t he trustor.t he Tru s t ov s h 8;1 v e u blic notiee of sale to the ersons �'• � ,:..
<br /> 8i P p �.-�F /��`�
<br /> and in tha manner preacnbed 6y appplicabte law.Tn:atae,vrithout Qemand on 8orrcw-er,sheA sell th:ptoperty at public auetion to the htghest
<br /> � bidde►.It roquited by the Farm Mameatead FrotrtcUon A�.Tn:ctea stwll oNer ths property in hw sepuutv sales a9 required 6y applicable law. ,J� ��
<br /> - Trustee may postpone ealo of a11 or any pare4l of tho prtpertY bry public announcemsat at��time and placo of any provlousry scheduled sete. ;; ;
<br /> LenGer or ita designae may ptachase tha�cperty ot an�J aaJa.
<br /> ` ^, Upon receiDt of pevm ent of the ptico bld,Truitao st�.ai1 deliver to the R�aaer Trurta3's dead tonvoy'm8 th3 property.The recftiala cartninud in ' '
<br /> Trustee's Qend aAa116e pdma facie evidionce of tl:e trc.Kh of the stataments co�to'.r.ed therein.Trustee shall applq the proeeeds of ffie sals in tho `•' �.'�+tj'.�
<br /> . , ,� r�ei��nstatemant feese�lb)to 1a0 a�ume as ecured by thfs de d ot a8vst,and(c)he balance lf a y tto hs persons Iegally ar►Elilad tu 8(�r,e�'rv�o it fees and � " "_- _
<br /> • t3.Fa�etoanrs.At LeoQer's optton,thln deed o}truat may be toraclosed in the mannar provlde by appNcable Iaw for Mroclosure ot mortgagea � :„� ,�-'�`�..v�-
<br /> � �� on rea)proD4nlf•
<br /> �.t.�;.\. IbNL_AT.
<br /> ����i" 14.hf=yatUon. Landor may enta�tha prcpotty to inspect it N Lsndor givas Borrowat notice botoreAand.The notice muat state the roasonaDle �T�'��`��!,,;�„
<br />'�"v'�^�+1` cause Tar Lorxier's innpection. . �1�!?,.. ..
<br />:Si+i�,��f
<br /> 1g,Candomnstion.Borrower assign�a ta LFSafar the proceeds o!any award or elalm for damages cannected witN a ecMamrtaUo�ar othar taking �, "`
<br /> ��,.,..
<br /> of ef1 or any part ot tRo DrcporN•5uah Pracveda w���be applied as provlded in Covenant t.This assignment i�subject t�t'he terme o!any prtol • � 'F�-�� �- `�
<br /> . . security agreemerrt. �� .n:}' .v,�
<br /> �.�_
<br /> ,, ��=.;;..
<br /> � 18.YlhluQr.B�oxerGsirfp any remodq e-i�l:d�.te to Lendor,Lander doea not give up any ci�hts to tater uso e�V other ram�Sr•BY�at r�,rr�r�sing ' r�r
<br /> aml rcmoQ�/nt7�n Barrovwrs Aefautt.Len�r Coas�ot waive any rlght to laur tansider tho event a 6efautt if it happens a,wr:• T.!'�°�°!•� '
<br /> 17.Jotnt tr.d Sowr11 U . Co-al�en: Suec�sson�d Aa�l�s BowfC. Atl Qutlea under thta Qaed of trust aro ir�ir.t ar.d `rsva�:d�• Any ---- --
<br /> � Borrower who co-uigna this deed of Vust but daes not ca-sign tfie undedy"�np debt lnsuumemta)daes so onty ts,rJvznt and c�s�y tAat __
<br /> 8orrawer's intereat tn thu prnperty to the Trustee unQ�tr tl�¢:erms of thfs deod of trust.ln addition,such a Bortower a;nses that tho Lender and ,,...,�--;,.•
<br /> arry othor Borccuuor und�t sfila 8eed of Vust may axtec�S,m�rAity or make any other chanpes in the terms of th'e deed of wst or the aecured •r«_. _
<br /> dobt without 2hat Bo►r:vrefs conserrt and without teleeti�+�tS'•at Bnnowet trom the terms ot this deed ot bust. •_ 111n19l.'
<br /> ;��•�—�—
<br /> • The duUea artd bonofitn of this Qeed ot m�:rt:ahall6ind and henefit the successars and assigns of Lender and 8ortowar. i�,i{�t ,; ,. � -
<br /> �.�:�:t�,.��__.
<br /> 1i1.FWdcn U��fosa attsorwise requlrad by t�s,r,any notice to Borrower shall he given by delivedng it or Dy,mai0ng It bV��fled mail addressed to -�,��3,._,;�
<br /> �� Qarrawer at tfin praperty address or anY other addross that Bortower haspivan to Lender.Bortower wi11 givo any naL'ce to Londnr by certifled �!
<br /> ' muF1 w LondeY9 eddrnas an page 1 oi tNS dead of trust,or to aay other address which lender has desigrtatod.Any ctica�notico to f.ende►ehatl '_�-'--�--_--=-�_
<br /> � ' • ' bo sent to Londar's addrass as stated on page 1 of this doad ot uust. "��"---__�--
<br /> `•;. . �:
<br />,;�.i!,• Any notico aAull bo daomod to hava bean glven to Borrowor or Lendor whon plvon in tho manner statad abovu. �"'�v't*��'���r.°.
<br />�-�'•�r�c•;�r � � -
<br />•`��[;'��•• 19.Tnaai�r af rhs PropNty a�B�Refsi frtaraat In tha Bortowot.I}atl or any part of tho propeny or any intereat in it Is sotd ar trs�atetted
<br /> •�!� • wiUlaut LBadePe pNar written consen4 �arder may deman0 immodfete payment of tAe secureA debt. I.ender may atso demand us;�ndlate E��°—,�,_
<br />.., .. . ay not --.
<br /> ppymant ff thp BoROwer i3 nat a natura� person and a beneflcial Interest in tha Bartowet ia sold or dansterred. Howovor, Lctadns cr tq ;_,
<br /> , domand paymont in tRO aCovct s:uaUons it it is prohibited by tederat Iaw as of tho date ot thia deod of trust. � n.-
<br /> . d..i�.• _ ,.�.
<br /> ,� 20.RoCOnv�y�na. Whan Utn r,;�flgaJon secured fly thla daad o!trust haa boon paid,and Londcr hae no furtl+or eb6q,�S�an to mako e�vances -�; _��_
<br /> ` � uador tho instrumento or s�err.ants secured by thia dead of uust,tha Trustee shall.upon writton raquost by tho LuMar,reconvey the Vuse � �. r, .
<br />�'��}'' ptoOOTN•T�o Lendor shall defiver to U:e Ecrrawer,or to Borrower's successor in intnrest,tha trust deod and tho noto or othor evMrtnce of the ;k�r,. � ��,._
<br />�ti�;�l�• • obligotion so satisfied.Borrower shall pay nrn+secordatlon coat8. ' '
<br />'�'�ti`��'�� 21. Suacnsc+t Trust��. Lendar, at Ler.d�c's opUon, may remova Trustee und appolnt a successor trustee by tirst, mailing a co�y of tho ��.., • �
<br />��`'�`}�i�'' subsiitution oY Vusteo as required by appticable law,and than,bY filinQ the eubstitution ot trustee for recotd in thu offico of the register ot doeds . _ .�1�_ ; ''�%�-
<br /> ���`�r` o}each courttV in which tho trust proporty,or some part thereof,is artuated.The suacessor tru3teo,without eonvey2nce of tho property,shall ,�_,.�.,,;�.Y;'r,�,.
<br /> suCCOnd to a11 the power,duties,puthonty and trtle o}t::a Trustao namod in tho doed of trust and of any sueeessor trustee. ' � � . � r
<br /> �., --
<br /> . . ' • -1•r.r. ,.y .
<br /> :'�.ill:.';�;� loage?of 21 � '
<br /> � BIUrRERS SvSTEMS.R�C..5T.CAOUD,bW 58301�1�60G397•23111 w�6CP�MTO-►�IE 8n9/31 _ . -
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