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<br /> ` � 1.Paymeitts. Bortawer a(�ees to make ell paymems on tne seaaed deht when due.Unteas Borrower and Lender agree othernise, any ~ � . , . ,
<br /> payments Lender receivas fror4►.Bouower oriot Bortower's henefit wi[!be epplied ftrst to am amourrts Borrower owes on the secaued debt , _. ,
<br /> . . —. c.- reroxtd�ce a�e�ccu�ae ar y sc�heedid�paym w�tha dseamad debt��d in fu�H�OreAayment o}the secured deLt occurs far arry reason,it witl
<br /> f. __ ---- -1 2 tXa4na Agatnst'itQa.8artower w�t pay aft fa�ms.assessmerrts,and other cAarges attntutehte to the property when due and will detend tida _-- --
<br /> . ' � '` t tb the proAertyagaenst any daims which v+rautd tmpair ffie lien ot tlds deed o4 trust.lender may require Bonower w assign eny dgMs,clafms or ` �, .
<br /> ` � _ � detenses wl�fch Borrower may have against parNas who supyty laiur or materials to improve or malrttaln the prnperty. .
<br /> , � 3.Inaiuonea.Borrower wiD keep the prcperty insured under terma acceptehle to lender at Borcowers expense and for Lendes's banefit.AII " , �
<br /> ' insuranee poiietes shell tndude e standard martgage ctause in fawr af Lender.Lender will bo named es loss payee or as the insured on any such
<br /> insuranee pofiay.AnY insurence proceeQs may 6e epplied,wfNin Lender's d'�seretion,to oither the reatoretlon or repau ot ffie damaged propercy ti: :. ; .•t`
<br /> ' . , ' � � � or to the seaired debt If Lender requirea moRgage Insurance,Basrower agrees to mairrtafn such insurance far as long as Lender requires. • � .
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<br /> , , ,j 4,Proyarty.Borrower wiU keep the property in gaad conditlon and make all repairs reasanabiy aecessary. �
<br /> • _-;,,-,:-��: � 6.Fspansea.Borrower eprees to pay all Lender's enpenses,including reasonabte attuneys'feas,if Bortower breaks any covenar�ts in thts deed �:;- =.�=_ ._
<br /> s of Vust ar in any obGgatjon seaired by this deed o}miat.Bortower wiiS pay thesa emounts to Lender as provided in Covenant 9 of thta d9ed of .
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<br /> , . ; 6.Pt[or Sewrky Interasts.Unless Bortower first oDtains Lender's written eonsent,Borrower will not make ar parmit any chenges Lo any prtor
<br /> � . '} uidudiingtBorrower's�cove enant8 Lo ek paymertts wh ned eobiigatlons under any pdor mortgage, deed ot trust or other sflaaily 8gceemeM, _•. �
<br /> ,� , . ` j 7.A�ima�t of Re�s end ProBp.Borrower assigns w LenQer she reMa end profita of the property.Unfess Bortower and Lender have agreed ,�:i,.'• �
<br /> othe in writing,Borrowar may caDeet and retain the rents as tong as Bonower is not in default.tf Bonower defauits.Lender,Lender's �
<br /> ' • agent,ar a court appoiMed receive� may take Dcsseasinn and manage the property and coltect tfie rer►ts.Any rerns Lender eoilects sfiail be � ; '�,,:•
<br /> `. . applied flrst to�fie costs of managin�tt�e pmperty,induding court costs and attomeys'fees,commissions to rerrtal ageras, and any other �. � '
<br /> � necessery ratated expenses.The�emaming amount ot re�w11i then appty to payments oe the sewred debt as provided in Cavenant 7. '�:-:h 'r.•x ti_
<br /> ' � . ' .. B.Lea4eltolda;Cosfdortdnivms:PJa�te�IJett Oovntapmn�.8orrowaragrees to comply with the provtstans of any Iease N this deed of Uust 1s on , . •�`,'�, •'
<br /> a leasehotd.It this deed of trust is on a unit in a condamiNum or a pianned unit devetopmertt,Borrower wiil perform ali of Bonower's duties ^�.`�=.��
<br /> .� - ' under the covanants,by-tawe,ar regufatJons of the condaminium ar planned unit develapmer►t. �=�.F-�z;
<br /> • ' . 9.Authofity o?LenGer to Pertoan tor Barrawer. If Bonower faifs top edorm mry of Bartowe�s duGes under this deed of vust,Lender may � ' '' __
<br /> perfortn the dWes or cause them to be pertormed.Lender may si�eonower's name or psy any amount if necessary for parformance.If any i� ,� •,��
<br /> : �. � � eonsttuetion on the property Is disca�rtinued or not earrfed an in a reasonable mannet,Lender may do whatever is neeessary to protect Lenders ��
<br /> securfiyt interest fi the pmperty.This may indude complsting the eonsuucNon.
<br /> - • � Lender's failure to pertorm witl not precluda Lender irom exerdsing eny af its athar rights under the law ot this deed of Uust. ' � �'"�
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<br /> Am amounts paid Dy LenQer to protect tende�s seairity interest wiil be secured by tAis deed at trust Sncfi amourtts vm'R 6e due an Qemand �
<br /> ' - � and will bear irrterest hom the date of the paymeM until pald in fuil at the hiterest rate in eftect on the sec�ed debt �• i+��-
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<br /> � �? ' 10.Defauft and Accefera9on. ff Bortower fails to maka any payment when due or breaks any eovenarts under tAta deed of trust or arry :��
<br /> obiigation seaued b this deed of trust or any prior martgage o►deed of irust, LenQer may aeceferete the mawrity of the secured debt and ' �'--�—
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<br /> , . demand immediate payment and may invoke the power of sete and en otner remedies srmitted 6y appiicahfs law. � 4�• -•. �
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<br /> � � �- 11.Raquest for NoBee ot DelaW�k ia hereby requested that eopiea of the rrottces of defauit and saie be seni to each person who is e party �" �'`,�-..°1''-`''
<br /> , � . hereto,at the address of each suct�person,as set forth herein. ��,� ,��.
<br /> . 12.Power o4 Sate.if the lendar invokes the power of sate,the T�ustee sha0 ftrst�ecord in the office of the reg(ster of Qeeds ot esch eounty = ;.'��,.'__=-
<br /> ,. . - � wherein me trust property or some part or parcal thereof is skuated a RoUce of defautt corrtainfing the informaUon tequired by Iaw.The 7n�tee �' . ��r =-:'
<br /> shall ateo mail copies ot the rtoUce of default to the Borrower,to each persan who ts a party hereto,and to other persons as prescribed 6y • „�'
<br /> - ., appiicabte law.Riot less thsn one manth aftar the Tnutae records the notice of defautt or two martths if tha wsi properiy is not in arry •;::.:.:.-=
<br /> • Incorporated dty or vfllage and ia used in farming operatlona carrted on by Ne trustar,the frusteo shalt give public nstice of eale to ths persons • i=.��,
<br /> and in the manner presc►ibed bY apppficaDfe law.Trustee,wiNout demand on Bortower,shall selt the property at p:sbF:c auction to the highest ��' '. •• ._
<br /> ' - bidder.H required by the Farm Homestead Protection Act,Trustee ehait oftar the properyr lo two separate sates��.z�siRed by applicable law. " � .�`.��=ii
<br /> Trustee may postpone sate of all or any pareel of the property by puDiie annauncement at tha time and ptace of arry pravlousiy schedu►ed sate. '°-=
<br /> � Lendes ar its destgnee maypurchase the property at any esle. ; „ '• ���r�,.'��=tv'
<br /> tlpon receipt of paymenY of the price bid,Tnutee shall deilver to tha purchaser Trustee's deed comrayi�9 ffie property.The reciva?s caMeined in -���
<br /> � Trustee's dead shall ba prima fac1e avldlence of the tirruth of the statementa contained therein.Trustee ahail appty the proceeda of the sale in the � s��:
<br /> � ��� ' toliowing order. (a) m all expanses of tho sate, inGuding, but not limites to, reasonaWe Trustee'a teea, reasonaWs attomeys fees end � �' �h� �..":���L�'
<br /> ��'�� �einstetement fees;(b)to e0 sums secured by this deed of trust,and(e)the batanice,if any,to the persons tegatty errtitted to receive it. ,,. , ,:`.+��-��•
<br /> . "f 13.Foredosure.At lendera opUon,this deed of vust may be forectosed in the manner provide by applicabie law tor foreelosure of moRgages ',.r;
<br /> on teal property. •
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<br /> ,_, ' � , 14.(ns�9edon.LenQer may enter the propetty to inspect it if Lender givea Borrower noUce beforehand.The noUce must state the reasonabl0 �o ..• ��'�
<br /> cause fo►Lender's inspectlon. � ���
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<br /> ��; 16.Condemnetlon.Bor►ower assigns to Lender the�roceeds of any award or claim for damages coinected with a condemnation or other taking - �
<br /> of all o►any peR of the property.Such proceeds will be apylied as provided in Covenant 1.This assignment ia subject to the terma of any prtor
<br /> - . � - securttS►agreemerrt. ' �^
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<br /> ' ' � � 18.W��mr.By exercising any�emedv avaitabie to Lender,Lender Qoes not give up any dghts to later use any other�emeQy.By aa!exercising .
<br /> ��r� � • � any rerr.e..+y upon Bortowefs defauit,lender Qoes not waive any right to later consider the event a defauh if it happena agaln. • •
<br /> _ 17.Jobrt and Severef Uahitttv: Co-stgnera;Suecesaore and Assign� Bound.A[1 C�under this deed of trust are joiM and several. Any ' �� 4� � •
<br /> Bortower who co-signs this deed of trust but daes not co-sign the unQed�Ing Q� mstrumentts)daea so only to gtant artd corney that � -
<br /> Bartower's interest in the property to the Trustee undar the terms of this deed of vuss. In addition,such a Bonower agrees that the LenQer and . ' .
<br /> ' � any other Bonower under Nia deed af trust may extend,modify or make any other changea in the terms of thia Qeed of trust m the secured � � �
<br /> , • debt without thet Bottowere consen2 ar,�without reieasing ffiat 6orrower hom the terms of thla deed of uust. , � ' '
<br /> � �. TAe dutiea and benefite of lhia deeA cf V uat sheil binA and beneflt the auccessora and assipns o!Lender and Bonower. . . �'
<br /> 78.RoUeo.Unless ott�erwiee required by taw,any notice to Borrower ahall be given by deiivering k or by mailing it by certlfled q�ail attdressed to • �
<br /> . Borcower at the pro�erty addresa or any other address thei Borrower has Nven to lender.Borrower will give any noUce to Lender by certiflad �. . .
<br /> � mail to Lender's address on page 1 of this deed of vust,or to any other address w.:::�1 Lender has designated.Any othar notice to Lender stwil " �
<br /> ��,`} � be sent to Lende�'s addrese es rtated on page 1 of this deed of trust. '' . � •
<br /> � � Any noUce ahall be Qeemed to have b�e�given to Borrower or LenCer u+.^�en given in the manner crzte�above. �• �
<br /> ' ' � 19.Tmnsfor of the V�ropeny or o Bene9eiai tnterest in the Bortowor.I!all or any pan of the proD�v or any interest in it is sofd or transferred . � .
<br /> without Lender's prlor written consent, Lender may demand immedlate payment of the secured debt. Lender may also demand immediate
<br /> ' ; payment i1 the Borrower is not a naturat person and a beneflcial interest in the Borrower Is sotd or uansterred. However, Lender may not '
<br /> damand payment in tho above situations if it ia proh�breC by tederal law as of the date of this deed of trust. ,
<br /> � 20.Reconveyance.When the obiigation secured by this deed of trust has been paid and Lender has no further obligatlon to make advancea ,
<br /> � . under the instrumante or agreemerrts secured by this deed of trust the Trustee shall upon written request by the Lendet,reconvey the trust .
<br /> • property.The Lender shai!deUvet to the Bonower,or to Borrower's successor in interest,the trust deed and the note or other evidence of the
<br /> � obtigation so eatistled.Borrower shatl pay any recordation costs.
<br /> ;,j ` 29.Suceoasar TrustaQ� Lender{at�Qnder's option, may remova Tr�ustee and appoint a succassor trusteo by flrst, mailing a copy of the
<br /> substitution of Uustee 4s requiretl by:appllcabie law,and then,by filin the substituticn of wstee for record in the offico of the register of deeds f
<br /> o!each county in which the trust psoperty,or some part thereof, is srtuated.The successor Vustee,wlthout conveyance o!the property,shall � •
<br /> � succeed to all the power,dutiea,authonty and titte oi the Trustee named in the deed ot trust and of any successor uustee. �
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