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<br /> 1. Paymarrte. Borcower agrcoa to make ai! paymeMS on the seaured de0t when due. Unlasa Bortower end Lartdar agroe othenrnse, aroy r. �
<br /> payments Lender receivee irom Bortower or for Borrowar'a bonatt wdl be applied firct to any emount3 Borrower owes on thc�ai33wrad deht •�} - _
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<br /> ' oxelusive of irrtereat or princiFal,recond to+nterest,and then to p*�napal.If partiat preasymsrtt o1 the seeured da�t oteura for any reason,it wi0 � -�-�_�
<br /> not roduce or excuso any scheduled paVment until tha socured deDt is peid in fufl. ,t _
<br /> 2.Cfatms Agsinst TItU.Bortowar�nrill pty a11 taxes,assessmenta,and athet chargea attribute6lo ta tho pr�psrt/whon due and wili Qetand tltte • ' ,. . -_
<br /> t0 tA0 pf009rtt1 agaimt emr ciaims tivtilch wnutd isnyatr the lian of thts deed ot trust.Lender may roqulro Borrowar to asalgn eny righte,etaims o� • . ___
<br />�� defenses which Bonower may hava eBauist aart�es who suppiy to�r�r mataria:�to improve qr mantnin tho proge+�ty i-_.__---___ _"'
<br /> ' 3.tnsur�ne�.BoROwer vn'[I keoA�0 OropsrtY insured under tertns acceptebte to Lander at Bottowar'e exponso and for lender's bene(it.A!! ' � : �`�.
<br /> insuranee Doi'sdes sha0 inchcde e standard martgaga eiau40 in favor of lsnder.Le�der wiU Ee namad 8a lo8s payee ar ea tfie insured on any sueh . �. �
<br /> i�sutenee policy.Any insurance proceeds may be epDred.wlth�n Lender's disetetion,to e'rther the r6storation ar►epefr of tlte damaged proyflrty , L
<br />� ot io the sewted debt ft Lender raquaes mortg]ge msurance,Bottower agrees to maintain sueh insurence for as lon8 as Lender requues. ,
<br /> ; � 4.Praparty.Borrower will kesp the property in good condition and make a11 repairs reesonebiy necessary. � ` ,•::
<br />;-=-.� 6,Expar��s.Borrawer ogrees to pay all L.cjndefs expenses.inctuding reasaneble attomeys'tess,it Serrower breafce any aovenants in this dead ---_: . ,-;,-'-' ;'�
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<br /> o f tr u s t o r in a n y o b l i p a t i o n s e w r e d b y t h i s d z e d o f tr u s t.B o v o w e r u v i U p a y t h e,a am ounia to Lender as provided in Covonant 9 of thi5 deed ot t' � '.�n;,;,��`.
<br /> i trust.
<br /> ' j 6.Pttor S�Writy trRSnst�.Unless Bortowar first obtains Lenda�s written eonsent,Bonower will not make or petmit any changes to any prior _ _ . . .
<br /> �. f security irrte►esis. Horrower wID perform a11 of Borrownr's obligations undsr any prior mortgags, deed of trust or other security agreement, _���' �� ,�_
<br /> ,; � inefudtng Bonowar's covanants to make paymertts when due. - / ��: ,',� _�':'_
<br /> 7.ARtt4�lr►t ot Rsirta and Protib.Bortower assigns to Leoder the tents and profita of the property.Unlesa Bortowar and Lender hava agreed � ;^w�.:�''
<br /> otherw�se in wfiting.Borrower may coUect and retain ffie rante as long as Bonower is not in defauit.I!Bonowar defaults,Lender, Lend¢r's �.`��_. :'.� ' �_
<br /> egeM,or a court ayDointed receiver mey take possession and manage the property and collect the rents.Any rents Lendar collects sfiall bo 1_,4.:,`,?;1�_
<br /> -J� applred first to ths eosts of man2ging the pcoperty, induding eourt eosts and attorneys'fees,commissions to rarttal agents, and any offier ' -
<br /> necessary related enpsnses.The remaming amount of rents w(ii then appty to paymente on the secured debt as provided in Covenant 1. '• ,�c,
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<br /> ' 8,u�ho�ds.Co�o��ums;p1�+n�d Uriit p�yaiopen�nb.Borrowa�agrees to compIy with the provisions ofi any tease ii 4.7ts deasi ot trust Is on . -.r. _, ,, --_
<br /> ' � e(easefiotd.I�thia desd of trust is on a unit tn a wndominium or a planned unit developmaM.Bmrower v�nll perform atf of Bortower's duties .�_= ., � .
<br /> under 8�e eovenants,6y-taaws,os regulations of th9 eondomintum or planned unit devetopment. ..;�� � • ,.-
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<br /> ' -,�� 9.A u t h w i t y o t l.a n dar t o P o r[o r r n t a r B o r r o v r�.I f.•E o rt o w e r f�s t o p e r f o rt n a n V o f B o a o w e r's d u t l e s under thia deed of trust,Lende►may . t�,�°": ::=�'�!r'
<br /> pertorm the dirttes or cause them to be perforcrr�.+-ender m�y sign Bortower'e name or pay any amouM if necessary Yor Ferformance.If arty �" - _�=
<br /> consuuction on the property is cf�contlnuad or not carriad oo in a reasonabte manner,Lander may do whetevar is necessasY 8¢Proteet Lender's '?�a�' '" � '"J�;��`
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<br /> ' security irrterest i�the property.This may inciude campleUng the consuuction. .��.
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<br /> - � LeRdsrs tailure i.�p�a�form uviil nut preciude Lender from exxclsing any of its oti»r rights under the Isw or t�fs dsed of uusL ____ .
<br /> A�y amounts��;Lender to Rrotect Lender's security interest wiil he secured by this deed of trus�t.Such amouMS v�r•L�a dus on demand ,�,���'�
<br /> � antl will bear irr.�m5t trom tha daTO of the paYmerrt urttii paid i�fuii ai the interest aate in etfact on tha:.ecured debt. :;��•�--
<br />'+'�'; 10. O�fautt and AeeNKation.If Borrawer taits to make any r�,-r,meM when due or breaks any cavenartts under tdics �eec!oi uust or any M��.�er
<br /> obliSatlon seeured by this deed of trust or any prior mortgage oT deed ot trust, Lendet may acceterate 4he maturity ag�he aecured debt erx! ,
<br /> � � demand immadiate paVment and may invoke the power oi sate tm�any othar romedies permitted by applicabte law. •: ' �L�� - ��
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<br />,,:� 11.R��Kt fo�Notie�of Dafau!!.It is hereby re�uested that copias of the noUces of defauft and eale 6e ssrxt�each Ee.sart who is a party f �. • • , • �
<br /> hereto,at the address of each euch person,es�rt torth herein.
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<br /> :��'.c`���.- 12.Fovrm ot SaSe.if the Leadsr iavakas tha pawa:of sale,�*�a Trwtes shalt flrst record in the oftice ot tha ragister of�n3s of each caunty � . . • . , .
<br /> wherein the Vust property���R�pr psreal thereo!is stua x�a noUce ot default eatttafrim�the intormatian require���13w.The Yrustea • %� :�_:�
<br /> � shali atso maii Copies of thx rr'�vae es dofault to the Bortowa.,�each persan who is e�3rtc+7!Rereto.and to other persans as prescribed Dy -:• .. . y: .�;�
<br /> applicabie law. Not Isss than on�rnonth after the Trustee conor�the notico of dafault,zrr 2wo months if the trust p:apErtY is not in any __.
<br /> � incorporated cky or viilage and ts used in farming operations c�re3 an by tho truscor,tha Tnisiae shall give pubiic notice ef sale to the persons ti ';,� , .�.- -.`�`.�",: '
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