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<br /> � , F: - 9. payme�s. Bortower agrees to make 8Ii oayments on the securad debt when due. UNess Bortower and Lender agree oiherwfse, anY . . . t•5 ;
<br /> �> Y� paymertta Lender receivas from Bortower or ior Bortower's benetit wlll bs appiied i'ust to any emourrts 8orrower owes on th9 seaued dett
<br /> -��•�---�—'" exctusive at iMarest ar prindpal.seeond to interea;.and then to prinGpat.tt partlat p�'aAaUme�u ot t�6 aseured debt occurs for any reason,it wIU ,_�=- .._
<br />-. =- - ;- - , not reduce or excuse any s s�a d r d e 8 paymc�s[4�i 1 t h e s e a u e d Q e b t i s p a t d i n t u f l. _ -.=,�_.4:a '�-`
<br /> �' '� �- �--"� - 2 Ctatms Agalnat TiBo.Borrowe�wUl pay all taxos,'assessmer�t� end other eharges attributabte 4o the praperty when due and wili defend title ...��:
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<br /> � :< ;' m the propa�againat any datsna wdicA WOuld impaft the Iten ot this daed of trust.Lender may re�uUe Ha�sowsr to essign any rights,ctaims or .. .
<br /> . � � t• defensea wh[ 8or►ower msY havo 88ainat psrtles who�pDN«r or matedata to improve or mamtatn the ProyenY• _
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<br /> � ' � ` 3.lna�uaneo.Bartowar vinll koep the pcoparty ias�ued under terms aceoAtabte W Lender et Bortowers expa�e and for Leaders Doneflt.Ail
<br /> ' � insuraneo Oo�?��e���a e stendard mart�age etause in lawr of LenQer.Lender wHl 6e narned as tosa payee ar es the ins�ued on a�ry sueh � . ,
<br /> � i�surance Omhcy.Any insurence pracesQn may 5eap pitad.within Lendee's discreUon,to eithet the reatoraticn or repait of the damsSed property *.
<br /> ' �� '•4 ' �,� or to fAe sewred debt.If Lender reQufres mortgage insuranea,Bortower agrees to mainmin sueh inaurartce for as Iong as tendar raquUes. .
<br /> �� . � 4 ��.. � 4.Propeity.BoROwer wiil keep tho properry in goad wndition and make all repaire reasonabry nacessarY. :, - ` `�
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<br /> - -�" .�.:. :,: 6,6�pansa$.BoROwer a¢rees to pay ail Lenders expenses,inetuding reasonable atmmeYS'fees,if Borrower breaka any eovenaMS!n this Qeed
<br /> � ot trust ar in any obligaUOn secured by thia deed of trusL Banower will Daq these amounts to lender as provided in Covenant 9 of this deed of _ _ _ . �
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<br /> � `,� 8.Prfcr Sociuiql Interesta•Untess Borrower firat obtafas Lender's written consent,Borrower wili noi make or permit any changes to any prlor ,.�
<br /> eequity intereste.Bonower w`Jl pertorm ali of 6ortowers obiigvtions ur�der any prior mortgage,deed of trust or other security agreomenL
<br /> - `, •4 Including Bortowers covanants w maice paymants when Que. ' �
<br /> 7.pasier�mm�t of Rerb and Praftta Bortower assigns to I.ender the rertts and profits of the property.Uriless Borrowar and L,ender have agread , . <:��' ,...; .;,
<br /> ' � > oUrerwfse in writing, Borrower may cottect and retain the rents as Iong as Borrower is not in deisutt. i1 Borrower defaulffi,Lender, LenCer's ,
<br /> , � egeM,or a eourt appoirRed recetver maY take possession and manage tha property and coitact the reme.An1/reMs Lender coitflcta eha0 be _. �`_,�..-_
<br /> ( ��.°:. �„�,. apptied firet to the ooste ot managing ffie property,irieluding court costs and attomeys'tees, commisstons to rentat agenis, and arry ather ,
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<br /> • � neeessary retated expenses.The remaining amouM of rertts v�dll then appry to paYme++ts cn the secured debt as provided in Covenant 1. <_'.i: s.- ::�==:
<br /> ` 8.Lessel�oids•CoRdflminLun.q;plmmed Uidt Qevetapmmne.Borrowera�ees to compty with the provisions of any tease if this deed of trust is on �: '
<br /> � ,, un�e�e coven�artts BbY��a�or reBu�taU�on�s of ti s�ndominium or plDt�d unh d dgtopme�m.�•Borrower�nn71 pertotm ell of Borrower's duties . ' -{
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<br /> - - ;�� g,pythoriry of Londei to Per[orm tas Bartower. if Borrower lals to perform arry of Bortowar's duUes under tiila deed of vust,Lendet may ,.
<br /> partorm ths duties or cause them to be perfortned.Lender may sign Borrowers name or pay arry amouM it neeessary tor perFormartee.t!arry .' ,'�`,�•-
<br /> �_ se�i�iRera t inethe prop�ertyaThis maY inc�tuQe�m�pleUng Uie co�wc�Uonmanner.lender may do whatever is necessaril to proteet Lender's
<br /> � , " y Lender's failure w parform wili not preciuda lsnder from exarcising arty of ks other rigMs under the law at thts deed of trust. _
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<br />-_ _ • - �:s?r Any amourns paid by F.ender to promct tend9►'s seamty i�rteresc will ba seaued isy this dead of utist.Such amounta will be tiue on demand _
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<br /> - and wiU beat interest trom the date of the paymert�mtif paid in tull ai the frtierest rate i�ettect on the sec�ued dabt , _
<br /> �L � -�-�=�?' 70.Oeta�dt and AcceleraHon.if Borrower iaits tp make arry paymer�t when due or breaks any eovenams under this deed o4 vust or any _:-_ -
<br />.`= obligaUon sewrad by this deed at trust or any p�ior mortgage o�deed of trust,Lender may accelerate the mauuity af the secured debt and �,•� J r f,_
<br /> � - � , demand immediate payment and may invoke the pcwar of sate an0 t+ny other remedfes permftted by appticabta law. '•�`_-::
<br /> • " 17.Rsqnest for Natiice o!DefmdL k ts hereby requested that wD�es of the notices of detauft and sale be sert to each person who is a party :;��__�-
<br /> hereLO,at the ad6ress af each sach person,as set forth heretn. -
<br /> ^ =�' 12.Power af Sals.If the lender imokes the powe►of sate,the Trustee shall first record In the office of the register of desds of eseh county . -
<br />-- ' � wherein the Lrust property or some part or parcel thereof Is situated a natice of defauit corrtaining the intormation requtred lsy Iaw.7he Ttustee • '.�=�
<br /> ' � shaU atso mail copies ot the nottce ot Qafauit to the Borrower,to eaeh person who is a party hereto, and to ather persons ea prescribed by • �=---
<br /> �`� appGcable law.Not tess than one moMh after the Tnutea records the nottce of detault,or two months if tfie trust property is not tn eny • ��;-�'_
<br /> � ' mcorporated city or wlia8e aad is used in tarming operations cartied on by the uustor,the Trusise sha�J give pubUc notice of sale to the persans _ __.-
<br /> �`:y . and in the manner prescn"bed by�apppllcable taw.Trustee,without demand on Bonower,shail setl tAs propertv at pubiic auctian to the highest � _
<br /> 6iQQer.ff required by t�e Farm Homestead Protecdon Act,T►ustee ehall oHer the property in two sepazate safes aa required by eppiieabte law. �� � �4
<br /> ,� Trustee may postpone sate of all ar a�y parcel of the property by pubtic announcement at the time and ptace af any prev�ousiy scheduted aete. - -
<br /> �- .• • ; Lender or its Gesignee may purchase the propetty at any saie. ' '�'r-
<br /> � � Upon receipt of paym ent of the price bid,Trustee shail deliver to the purchaser Tnistee's deed conveying the property.The reciHals wrttained In � ��.
<br /> • T�B's deed shail be prlma tacie evidience of tfie uuth of the statemecrcs contained therein.Trustee BhaO epply ihe proceeds of the 8819 in tfie , _
<br /> - - - �- - iaitowing order: la) to ail expenses of the sate, including, but not Iimfted to, seasonabfe Truatee's tees, reasonabte atWmays fees and .;,�:=__
<br /> �� � � reinstatement fees;(b)to ail sums seeured Dy this deed of trust,and(c)the batance,it any,to the persons tegaily entiUed m receive it. , � "A
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<br /> +�'• 13.Foredosure.At LenQet's option,thFa deed of Vust may be forectosed in tha manner provide by applicebta tawipr torectasure of mortgages � ~L•z~-
<br />: : . . on real property. • . �
<br /> ' � � �''I 14.[nspoctlon.Lender may errter the property to inspect tt if Lender gtves Bortower noUce befarehand.The notice must state the reasonabte � � . '��
<br /> ... ' cause fot Lenders inspacUon. -
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<br /> 75.Condamnadon.Borrower assig�ns to Lender the proceeds of any award or clafm for dama�8as connectad wRfi a condemnation or other Wktng =
<br /> • ' o}atl or arry paK of the property.Such ptoceeds will6e apptied as provided in Covena�t t.This assignmartt is subject to the terms of any prior .
<br /> . • � security agreemem. �'�"°
<br /> , 4 •�:� 18.Waivee.By exerclsing any remedv availabls ta lender,Lender does not ghra up any rights to later use ar�y other�emedy.By not exetcising '�,�
<br /> • � any remedy upon Bonower's datautt,Lender does not waive any right to later consider the event a dofautt if it happons again. .
<br /> � 17.Joirtt end 3everei UabiIi�• Co-stgnora; Successors end Aesigns Baund. All dutiea under thls dead ot vust are joim and esveral.Any •
<br /> � • • � Bortowet who Co-signs this deed of mist but does not co-sign tfie under!ying debt instrumentls) does so only to gracrt and convey tfiat • --
<br /> , '�' Bonower'e intereat in the property to the Trustee unQer the terms of this deed of trus�t.ln addftion suct�a Bonower egrees that ths Lender and ��
<br /> � ' • any other Botrower under thia deed ot trust may extend,modify or make any other changes in tfie terms of this deed of t►ust or the secured
<br /> � , debt without tfiat Bonower's wnsent and withaL�t releasing that Bonower trom the terma of this Qeed of uust. . •
<br /> The Qaties and benetite of this deed of trust shaU bind and beneflt the successora and assigns o}Lender and Borrower. � � • '' .
<br /> � � 18.IYotico.Untess otherwise required bY►aw,any notice to Borrower shall be given by delivering it or by maiting it by certifi2d meil addressed to . .
<br /> Borrower at the property address or any other address that Bor�owar has given to Lender.Bonower w111 give any notice to Lender by certifled • .
<br /> ` - • mail to Len00fa addreas on page 1 of tnia deed of uust,m to any othet address which Lender has designaied.Any other notiee to Lender shatl �
<br /> � � ' be sent to Londer's aQdress ae stated on page 1 of thts dead oi trust.
<br /> . '!. � � Any notice shall be deemed to have been given to Bonower or Lender when givcn in the manner stated above. ' .
<br /> � '�� 19.T�anster of tho Prapnrty or e Beneflclet Urterast in tlw Bonower.If all or any part of tho propertV or any interest in it is sotd or transfened �„' � •
<br /> � without Lender's prior wtitten consent, lender may demand immedlato payment of the secured Qebt. Lender may atso demand immediate . •
<br /> •. ��: dem ndtpa}/�mern ln tho ebove situetionsij}itpBis p o�ibidted by f deral law as of the dete of thes deed�o}uusLnsterred. However, Lender may not . ; .
<br /> � 20.Recameyanee.When tho obtigation secured by this deed of Vust has beon paid and Lender has no turther obiigation to make aQvances . .
<br /> ' �- ' undor the insvumente a ag�eemants securod by this deed ot trust,the Trustee ahalf upon written reQuest by the lendar,reconvey the ttust
<br /> � proporty.The Lender shati dellver to the Borrower,or to Borrower's successor in interest,the trust deed and the note or other evidenee o1 the • .
<br /> � � obligation so satisfiod.Borrower shail pay any recordatlon casts. .
<br /> �1. Sueeassor Tntstao. Londer, at Londer's opt�on, may remove Trustee and appoint a suecessor t�uateo by first, maifing a eopy o1 the ' •
<br /> � ' substituUon of trustee os roquired by opplicable taw,and then,by tiling the subatituUan of uustee for rocord in tho office of tho registar of deeQa
<br /> ot oech county In which the Vust proporty,or some part thereof,is situeted.The successor trustee,without conveyanco of the property,shail
<br /> succoed to oll the pcwor,dutias,authonty and titte ot the Trustoo rtamed in the doed of trust and of any successor trustee. , , '
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