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<br /> � 1, paymeats. Bortower ag�ees ta make ail payments on� 8�dej�t when due. Untess Borrower and Lender agree otherwise. any - ,
<br /> � • payments Lender receives f►om Bortower or for Bortovyer's xe�w bA ep�ed first to any amour� Borrower owes on the secured debt ;,
<br /> . -� exdusnre ot iMetest or principa4��nd to inLetest,and thec�toprincipat If'Parbal PrePeYmeM of the seaued de6t occurs for any reason,it will ,, �, �
<br /> not reduce or excuse any schsduled paymert wi61 the secvred debt is pa�d in tuU. . . . . •:.c° .
<br /> . <..
<br /> — - - - _-�-- 2,�yaimq A��rtySt Title.Borrower wiit pay ail4axes,assessmertts.and other ehar8es attn�butabie to the roperty when due and witl defe�d tiUe --_ - _ --
<br /> --�.----- daf�ensPes��which86ortower may ha e ga�'ir t pa�rdUe�s awho supply ab�or ot matertia►s�lmpaove oryma4imin tl�e pr pe►h��n any rigtus,daims or -- -; - '
<br /> < < _� � 3.UGwmnee.Bortower wiil keep the property ins�ued under terms acceptahle to Lender at Bor►awer's expense and for Lender's benefrt.Aii . ..
<br /> < I insurance poticiss sAall inGude a standard mortgage ctause in tavor of Lendar.Lender wilt Ge named as loss payee or as the ins�ued on any sucn �
<br /> .� ' i or to�e specur�ed debt I�f Lender r�Oequ�maaiKg6age i p�nsuranee�,Bo wer agr�mnm�'amtain�msuch insurance for as long as Lendedr iequv�vroperty :
<br /> . . � .
<br /> �' ` • • � 4.Property.Boaower will keep tha propeRy in good wndition and make ai!repairs reasonabiy necessary. , _
<br /> � � ' 6,tapenses.Bortower agrees to pay aIl Lender's eupenses.including reasonable attomays'fees,H Borrower breaks any cavenants in this deed � . `
<br /> • ;•- • � of bvst or in any obfigation secured by this deed of trust.Bortower will pay these amounts to Lender as providad in Covenartt 9 of this Qeed oi .�, . _ ��, `.��
<br /> _ .. ' _ _ I 1TUSt. - --� ' -
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<br /> 6.Prior Saeurky hrterests.lfntess Borcower first obtains Lender's written conserrt,Bonower wiii not make or permit any cfianges to any prior ,
<br /> • ' � security interests.Borrower vnli perEorm aU ot Bonower's obGgations under any prior mortgage, deed of uust or other sewritY agreemen� , „
<br /> ` . ` � inctu�ng Borrowefs covanarns to make Paymerns when due. _ :''
<br />'�,: ' •, � 7,Assi�nment of Rerrts and Profiis.Bortower assigns to Lender the rents and proftts of the property.Untess Bortower and Lender have agreed �i.,_., •-;x
<br /> otherw�sa m wriUng,Borrower may coitect and rera'm the rartts as long as Bonower is not in defautt tf Borrower defautts.Lender,Lenders
<br /> �-t � � - agerrt,or a court appairrted receiver may take possesslon and manage the property and coitect the rents.Amr rerrts Lender coltects shail be YQ
<br /> ` r � , nec��essary elated expenses.fThe remaln ng amourn of ren��vihll U�ien appiy to padym�erts dn,tlfiee seared debt as Pro�nded�m9Co enan d'arry other . , '
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<br />� ; . ` ` 8.Leasefiotds:Condomi�s:Pta�u►ed Unit Dev�oymairta.Borrower a�ees to comDhl�►the provlsJons of ar►y tease if this deed of wst is on • •- � a.r;
<br /> 4 t; ., a teasehotd.If this daed of trust is on a unit in a eondominium ar a p anned unit devatopment. Barrower v�n'll perform ail of Bonowers duties "''s••-_
<br /> .2'' under the covenants,bydaws,ar regutations of ffie condaminium or ptanned unit davetopmerrt. �..�,`. '� -°
<br />�'� � � g,p��y a}{,�ndar tp pet(orm Tor Borrotver. If Bortower fails to perform arry of Borrowers du6es under this deed of uusL Lender may �'�.eR`�
<br /> peAorm the duties or canse them to be performed.Lender may sign 8arrowafs name orpa y any amount if necessary for perfortnance.If any ' �
<br /> i ; � consVUCtion ow ffieproperty is d'iscontinued or noi qrtied on in a reasonabte manner,Lender may do whatever is necessary to pmtect Lenders ,-••_�_
<br /> security irrterest in the prapariy This may inciude compteting the construction. ;�,:o
<br /> �� T- . ' Lendefs faflure to perfmm wlf not preclude Lender trom enercising acry of its othet rights under the Iaw o►this deed of Vust. � ��"
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<br /> Any amounts paid by Lender to protact Lenders secutity iMerest witl be secarad by lhis deed of tnrst.Such amourtis wiil 6e due on demand -
<br /> .,? � ' . _ " # and will bear interest fi'am the Aate of the payment uMil paid in fuii at the interest rete in effect on the secured deb� � .-:;�€
<br /> - � 10. Oefc�dt and Acceleretion.!f Boaower fails to make any payment when due or breaks any covenants under this deed of trust or any `••���.r�
<br /> � �`.--� obfigation secured by this deed of uust or any prior mortgaga or daed of trust,Lender may acceterate the maturity oi the secured debt and '�,�-F. ,l=_,
<br /> . � demand immediate payment ana may imroke the power of sate and arry otfier reme�es permitted by applipble faw. ¢-•:;�,,:
<br /> 11,Re�test for Nptlee of OefaWt It is hereby requesied that copies of the notices of defauft and sale be sent to each person who is a parry ,;�,_..��-�•
<br /> _ . - -•. hereto,at the address of eacb sucN persoo,as set fartl�herein. %'-��_
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<br /> ''' •' 12.Power ot Sate.If the Lender invokes the power of sale,the Trustee shali tirst record in the office of the register of deeds of each county • •�:�_,,
<br /> `: � wherein the trusc propeRy or some part or parcel thereof is situated a notice of defauk wntaining the informaUOn required by law.Tha Trustee +.;zr w,
<br /> erem,and w otfier persons as rescribed by �` ����°-
<br /> shail also mail copies of the notice of defautt to ttie Borrower,to each person who is a party h P :�i�•�-.•;� .
<br /> � � �, . applicabte law. Not less than ons month atter the Trustee records the notice of dafautt,or two morrths'rf the uust property�s not in a�r � •.;r;.�;,J:;'
<br /> ' incorpotated cRy or viUage and is used in ferming operations carried on by the vuator,the Trustee shall give pubSic notice of sa(e to tha persons �.
<br /> ' • � � y, � and in the mannet prescri6ed by ayppiicable taw.Trustee,without demand on Boaower,ahaii seli the proPerty at pubitc auction to the highest „ ° ����_�=
<br /> '�'° � � bidder.If required by the Fartn Homestead Rrotection AcK.Trustee shall otter the property in two separate sales as required by applicable law. :��_,.
<br /> • = =4 Trustee may postpone sala of afl or aay parcel Ot the property by public annauacement at the time and place of any previously scheduled sate. _ ,_¢_ ;..
<br /> Lender ar its designee may purchase the pro0erry at any sate. �
<br /> � • =� � Uyon receipt of paymetrt of tfie price 6W,Trustee shat!detiver to the purchaser Trustee's deed canveYing the propercy.The reciUats coTrtained in ;��,
<br /> Trustes's deed shall ba prima facia evfdtence of the truth of the statemeMS corttained therein.Trustee shall app�y the proceeds of the sale in the _
<br /> following order. lai to all expenses of the sale, inctuding, but nat Iimited to, reasonabta Tnistee's tees, reasonab�e attomalrs fees and � ,-_
<br /> � reinstatement fees:lb)to att sums secured by this deed of trust,and tc)the baiance,if any,to the persons legally errtitied to receive it. '.'�?=�
<br /> � � 13.Foreetosure.At Lende►'s option,this deed of trust may be forectosed in the manner proviQe by appticable taw for foreclosure of martgages '_. ,` ;�s:�.
<br /> • � on real propeny. ..'�.,"'
<br /> �� 14.tnspectlon.Lender may eMer the property to inspect it if Lender gives Bonower nptice 6eforehand.The notice must state the reasonable ,. ::T�-
<br /> � cause for Lendet's inspection. `
<br /> 3-.
<br /> � � � 16.CondemnaUan.Bortower assigns to Lendet the roceeds of any award or ciaim far damages connected witA a condemnation or otfier taking �_
<br /> of all m any paR of the property.Such proceeds wiP be applied as provlded in Covenant 1.This assignment is su6ject to the terms of any prior �"L�_
<br /> securRy agreement. � <<'.
<br />-. ` 18.Waiveu By exercising any remedv availabie to Lender,LenQel does not give up any rights to tater use any otfier remedy.By not exercising ;, .� .. : r .
<br /> � . any remedy upon Borrower's delautt,Lende►does not waive any rigM to later considar the event a defauk if it happans again. •� ,_,
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<br /> � � 17.Jolnt md Several LiabiUri• Co-signers; Succesaars end Assign3 Bound. Ap duties under this deed of trust are joint and several. Any ' '
<br /> ' Borrowe► who co-slgns this deed oi uust but does not co-sign the undertying debt instrument(s) does so onty to grant and convey that
<br /> � Borrower's interest in the ptoperty to the Trustee unQer the terms of this deed of trust.In addition,such a Barrowar agrees that the Lender and •
<br /> �.y any other Bonower under this deed of uust may extend,modity or make any other changes in the terms of thia deed of uuat or the secured � .
<br /> debt witfiout that Bonower's consent and without reteasing thet Borrower hom the terms of this deed of trust. • •
<br /> � • The duties and benefits of this deed of uust shall bind and beneflt the successors and assigns of Lender and Borrower. . �
<br /> :_(`; 78.Notice.Untess othetwise required by Iaw,any notice to Borrowe►shall be gfven Dy delivering it or by maiting it by certiiled mafl addressed:o . ; -
<br /> Borrower at the property address or anv other address that Bonower has given to Lender.Borrower wiil give any noUce to Lendar by certi�.� .
<br /> � ; mail to lender's address on page 1 of this deed of trust,or to any other address which Lender has designated.Any other notice to LenQer shail . .
<br /> ..:y . ' � be sent to Lender's address as stated on page 1 of this deed of ttust. '
<br /> .• '; � Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated above. .
<br /> ' � 19.Transfer ot the Property or u Beneflcia!Intereyt'v�the Borrower.If ail or any paK ot the propertv ar any interest in it is sold or transfened
<br /> without Lender's prior written consent, Lender may demand immediate payment of the secured debt. Lender may also demand immediate .
<br /> • � demandtpaymeng n the abiove situat on9 If i1 ie prohibidted by tede al law as of the QaBe�of this deed�of�VU3t.nsterred. However, Lender may not •
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<br /> 20.Reeonveyance.When the obilgatlon secured by this deed of trust has been paid,and Lendet has no turther obligation to make advances
<br /> under the irtstrumenta or agraements secured by this deed of trust,the Trusteo shall,upon written requsst by the Lender,reconvey the trust
<br /> property.The Londor shati deliver to the Borrower,or to Borrower's successor in interest,the trust doed and the note or oiher evldence o}the
<br /> .��,;` � . obligatlon so satlsfiod.Borrower shatl pay any recordation costs.
<br /> 21. Succossor Tntstoo. Lender, at Lender's option, may remove Trustee and appoint a successor trustee by first, maiting a copy of the
<br /> 1 substitution o1 trustee as required by appllcable law,and then.by fiung the substitution oi trusteo to�record in the office of the registe►ot deeds •
<br /> . I of each county in which the trust property,or some part thereof,is situated.The successor trustee,without convoyancv of the property,shall
<br /> 1 succeed to all the power,duties,authonty and titte ot the 7rustee named in the deed of trusi and of any successor trustoe.
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