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<br /> - ' 7. PaymetKa.Bartovre► agrees to make all paNme� on the seausd debt when due. Uniess 6o�war ar:d Lender agree otherwise, any << ` _
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<br /> paqmems Lender�eeeives from Bortower or for Bonower's 6ensfit will be appred ftrst to arry amowns Botrower owes on the seaired debt
<br /> ��_e. ,__:_,_�;, exctusive of mtere9t ar pdntapal.s�eored to irteresL end then m prinapai.If partial preDaymert of the seaued debt occura tar amr reason.it will ------,`�,
<br /> nct reduee or excuse eny seheduted paY�s►e�emtit the seiaued deDt is patd ir►tuU. ��� .
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<br /> - ' y{�pqak�st ti�tII. trqWes,wiD pay al!ts�ces,essessme�,and other charges amiDutabte to tha property when dua and wilt detend titte
<br /> � '' . to the property a��n�t azl�y ctelms vfiich vwuld itn�eU th0 Ilen of this deed of trust Lender may requfre Bottowar to assign any d�.daims or. :.fi__,
<br /> ` , • � dutenses whicA�ortbwer.may t[ava agalr�st Perties xfi�6upPN labor ar materiata w improve or mairrteln the property. • ,.
<br /> ' . � 3.�,gonpwe�Hri1t keep thg pro�ssrty insurad urtAor tenns aecepteDle to Lender at Hortowera expense and far tenQefs benefit.Ail , ,; ' :`
<br /> insuranea policies eAaQ tnetude a standard mort gae ctause in tavor of Lender.Lender will De named as loss payee or as the insured on any such ' �
<br /> ' • , oto��se�ciu�ed d�bti M L�end�paGu�Ires mortg�aga f D�nsuranrW,e�,Borronwe�r e��to meti�fn�etihins�an�r as long es I.eneder re equ�irdesp.ropetN :'. �,'�`
<br /> �. . .
<br /> :..= 4.Rropertyl.8orrower will lceep the propertY in gaod oondiUon anQ make aU repaita�easonah[tit necesaery. � ;, ` , .
<br /> . • .�.^Y�'.� -..� .
<br /> 5.6�pense�.Bortower a�rees to pay all l.ender's expenses.including teasonabte attomeys'fees,if 6ortowet breaks any covenants in thts deed
<br /> � •�,'' of trust or in any obligaUOn gecured by tlils deed of.ttust.Bortower wi0 pay these amour�to Lender as provided in Covenant 9 of this E�ed of �
<br /> .c�: _ :' itust. - . ts.
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<br /> _ ' ,� 8.pdpr Sac�uF=y Inter�B.Unless Bonower first obtains Lender's v+ritten eonseirt.Bortower will not make or permit any ehanges to any prior :�`,4:
<br /> security intetests.Bortowet will pertorm aU of Bortowars obligations under any prlor mortgage, deed of Vust ar other securitV agree+�ent, -, � ,
<br /> " • inclu�ng Bortowers covenanta to meke paymetrts+vhen due. � � " •'
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<br /> ' . `,'"f-� 7.qysJ�mem c}Rect�and Pro&ts.Borrawer assigns ta Lender the rents and profita of the Qrapertlr.UNess Borrawer and Lender have agraed , � "�: ', „`:4-
<br /> � o t h e r w i s e i n w r i ti n 8. B a rt o w e r m a Y c o II e c t and retain the rems as long as Bortower Is nat in Qefaut� If Bonower defauEts,Lender,Lendera :
<br /> agenL ar a eourt ep�winted receiverma1 take possession anA manage ths property an d co l fe c t t h e r e r�t s.A n y re r tt a L e n d e r c o l t e c t a s h a l l b e *�;x;
<br /> ' • appGed ftrst to t1�e costa of managing ths pcoperty,inctudng oouR costs and attameys'tees,commtssions to rerrtal ageme,and eny other f :��s,
<br /> - n e c e s s a ry r e l a ffi d e x penses•The remaining amourtt of rents vin"tl then eppty to payments on the secured debt as provided'm Covenant 1. . _ -.�,..
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<br /> ' ' 8.Leasgholps:Condomintums:Plmuied Unit Devalopmsrrte.Bonower a g rees to eom pty witl�the provisions of eny Iease if this dead of uust is on '.., '�:'��:
<br /> a leasehotd.If 4his deed of bvsi is ort a unit in a condominium or a p tanned unit development,Barcower will perform all of Borrawar's dutiBS ' ,�.i �;,•
<br /> . _ _�.c 3 under tha eovar�aMe,by-tawa,or reguladons ot the eondomin3um or ptanned unit Qavelopment. .
<br /> ' . �< < ,; 9.Autliority ot Lender to Perform fo*Barrou►�•If Burrowar taits top erform arry of Borrowers dutles under this deed of trust, lendet may , � _
<br /> • pe�inrm the duties ar cause them to 6e petfartned.I.ender may sign Bonowefa name or payi any amou�rt if rrecessary tor pe�fomsance.lt any :.
<br /> wnstruction on theproperty is discoMinued or not caRied on in a reasona�le manner,Lender may do whatever is necessary to protect Lendefs � ,te _
<br /> ,. security irrterest in the praperty.This may inc(ude compteting the canstruction.
<br /> � t'•�� � Lenda�s failure m Oertorm an�l not preclude Lendsr nom eaerclsing any of its oiher dgMs under the taw or this deed of trust. - `--
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<br />,_� , , ��r•� A�y amounta paid by Lender to proteet Lender's security irtterest will ba sedueA by tfi+s deed of Lnist.Such amoums wilf 6e duo on Qemand �;,.,
<br /> _ __ _ and will aear i�erest irom the date ot the payment ue►til paid in tull at the irtterest rete in effect on the secure0 Qeb1. ___
<br /> i' '` � �.,�•._ 10. Oefaidt and Acc�erattom If Borrowet tails to make any paymertt when due or Dreaks any covenants under thb deed of trust or any �
<br /> - o6GgaUon seciued by tfiis deed of trust or arry pdor mortgage or deed of trust, Lender may acceterate the maturity of the secured Qebt and
<br />- � �: demand immedtate paymertt and may iavoke�a power of sate and any other remedies pertnitted by applicable law. , '��„�4=—
<br /> � { l ! 11.Re�cest tor Notice of Oefatdt k is hereby requested that copies of the notices of defauk and sate be sent to eacA petson who is a party ��
<br /> hereto,at the aGdress of each such Derson,as set tort1�herein. --�° � — -
<br /> ' � 12.Power ot Sate.If tfie Lender invokes the power of sale,the Trustee shall firat record in the office of the�egister of deeda of each county , "' "+`__°•='-'
<br /> '`��' where(n the trust property or some part or pazcel ttwwof is srtuated a nctice of default corttaining the irtTormaUon required by taw.The Trustee -�___
<br /> � shaU also mail copiea of the notice of default to the Borrower,to each person who ts a party hereto,and to other persons as prescribed by �•��+�r�;
<br /> � applica�Ie taw. Not teas than one moath after tAe Trustee recards tne notice ot default, or two morrths if the uust property ia not in a�ry � •R;`;,,�
<br /> �� � � inco►porated city or village and is used ln farming operatlans eatried on by the trustor,the Ttustee shall give public noti�of sate to the petsons _--_
<br /> ' and in the maruier presctibed by appplicabls law.Trustee,wiihout demand on Bonower,shall sell the pmyercY at Duh`t aucdon ta ffie highest --
<br /> �J;''�, �� bidder.lf required by the Farm Momestead ProtecGOn Ac4 Trustee ahall offer the ptoyeny in two separate sales as requued by appticable Iaw. • _
<br /> • - Trustee may postpone sale of all or any parcel of the proDerty by publtc announcement at the tlme and ptaca of any pravlously scheduted sale. ���:
<br /> �'' ' Lender or its designee may purchase the property at any sale. , _ . .s��
<br /> • YYf� ..
<br /> Upon recelyt ot paymeet of tha pdee btd,Trustee shall deliver to the purchaser Truatea's deed conveying the property.The reciUais contalned in • _ _
<br /> s' � . � "" Trustee'a deed shall be prima faeie evldience ot the truth of thB statemeMS contelned thereta.Trustee sfiafi appty the proceeds of the sale in the
<br /> ��...•. ' __ _ following order. Ia) to aIl e�enses of the sate, inctuding, but not fimited to, reasonable Trustee's fees, reasonabte attamey�s taes and —'Y�-
<br /> • • ` .:'r, relnstatemertt fees;(b)to all sums secured by this dead o!truat,and(c►the balance,if any,to the per�ona legally entitteQ Lo reeeive it• --.;i_.� �.,
<br /> . _ 'r.+•�:'.`�
<br /> � 13.Foreelosure.At Lender's oDtian,this deed of trust may be toreclosed in the mannet provide by apyficahle law for tareclosure oi moRgages , ,-, �,_
<br /> . • • on real property. . . � "�,�?:
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<br /> � ' 14.tnapnetlosf.lender may eMer the property to inspect it if Lender gives Bortower notiee batorehand.The notice must state the reasonable � . �.:;��,._
<br />- ' � . cause fof Lenders inspection. .. �-�
<br /> � t5.Cflrtdemna�on.Bonower assigns to Lender the�roceeds of any award or clalm for damagea connected w+th a condzr.:aaUon or other taking '... `'��.'
<br /> � of all or any p�t of the property.Such proceeds wi 1 be applied as provlded in Covenant 1.This assignmsrt is subJect to the terms of any prlor .
<br /> 'i; • � • seCUrity agreacr.�ftt. • . ' '.'�iEv.,
<br /> �- - r..�_:.
<br /> ,r .•`'' any ie e�dp uPon Botto�wers dsfautt,Lender Qoes not walve�any nght to I�ategco stdei iRe evani a�aerau rt n haDpens agalo�By not ezerc(sing � � • •
<br /> • ' . ' 17. Jalrt and Savorof LJab�sy: Co�st�era; Succegsors and Aasfgns Bound. All duties�-nder thls deed of vust are Joirn artd several. Any , • •
<br /> Borcowar who co-signs this Qeed of trust but does not co-sign the undefirtng debt tnsuument(s) does so onty to grant and convey that • .
<br /> Borrowere interest in the property to the Trustee under the terimTys of thia aeed of vus�In addition,svah a BoROwer agrees that the LenQer and , .
<br /> • , debt wnhaut that Borrower's�consent and wrthout r ta easing that Bonowaer trom the terms o9f this deed o7 uu���g d e e d o t t r u s t o r t t t a s e c u r ed �
<br /> � ' 7he Eutiea and bonefits of this deed of vust ahall bind and benefrc the successors and asaigns of Lendar and Borrower. .: � :�.• ', •• �
<br /> � 18.Nottce.Untess otherwlse required by law,any notice to Bor�ower shall bs given by delivering it or by mailing it by cesc:tied mai!aQdressed to �
<br /> � � ' Borrower at the pcoperty aQdress or any other aQQress that Bortower hea given to Lsnder.Borrower w��l give any notivj to Lender by certified �
<br /> ���r • � be seM t�o�e:�e�s aQdtess a�.99steted n�p ge 1 of this d8ed of uu�er address which Lender has designated.Any other�otice to Le�der ahall
<br /> ' Any notice shall be deemed to have baen glven to Borrower or Lender when given in the manner atated above. '
<br /> � • 19.Trenatcr of tha Property or e Beneflclaf IrKetest In the Banower.If atl or any part o!the propercy or any interest in it ia sotd or VBnsferrod • .
<br /> � � without Lendet's prior written consent, Lender may demand immedlate payment of the secured debt. Lender may also demand immediate .
<br /> . demand paymert in the abiove situation�.sr,f rt s prohibted by tederal law as of the daBe of this fleed�of�trust�terred. Nowever, Lender may not .
<br /> -- 20.Reeenvsyenee.When the obligaticn secured by this deed of trust has been paid,aad Lender has no funher obligation to make advancea , �
<br /> l • under the iosuumerns or agreements secured by thla deed ot trust,tho Truatee ahall,upon writton rearest by the lender,reCOnvey the trust
<br /> � ' obHgetion so saHsflodsBolrroweresh Iltpay any occrdatlon8costs er's successor ln interost,the ttust deed and tha�ote or other e�idence of the
<br /> 21. Suecesso�Trustae. Lender, at Lender's option, may remova Trustee and appoint a successor ttustee by first, mailing a copy of the � •
<br /> � � substitution of Vustee as required by applicable law,and then,by tiling the substitution of trustee for record in the oNice of the register of deeds
<br /> .'' a su coed to allYthe power tduttes authoritry�and title o!the Trust e name netdhe deed ot rust and ot eny successar trustee.of the property,sha11 .
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