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<br /> . ,. .. cava�wn�rs ��`� �(i�S�� `
<br />. .' ` 1. Payments. Borrower agrees to make aU paymeMS on the secured debt wAen due. Unless Bortovrer and LenQer agree o env e, any ``.'� '� •:.
<br /> , .��. payments Londer receives irom Borrower or for Borrower's henefit will Ae appGed tirst to arty amounts Borrower owes on the secured debt �
<br /> � ° � '. . eactusive of interest or principal,seeond to interest,and then to principai.If par[�al prepayment ot tAe secured debt occurs for any reason,it will - , ` `
<br /> f <- . no!�aQuce ar exeuse any achedutad payment until tho secured debt la paid in tull. ` •:. �� .-.::-�•�i.
<br /> 2.CENm!Agalnaf Ti�e.Bwramreo•w1)pey alt taxee,8sse�smertts,and otAer charges attr.Eutabie to the property whe�due and will defend titte , , � �
<br /> . � ' � ' to the proDerty a$alryi any cla[ms vvAlet►�nmuld Impak th�lien of this deed of vust.Lender may requve Bor►ower to assagn any rights,claims or
<br /> defonsos whieh Bort4vuer may have agalnst partles who slwpty lebor or matenats to improve or mainta�n the property. : . '_
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<br /> � 3.tnsuraneo.Borrowsr'wID keep ifw property in§ure8 under terma ecceptabte to Lender at Bortower's expense and for 4ender's benefit. All � �
<br /> insurance potietos sAatl inelude a standard mortgage clause in favor ot LenQar.Lender witl be named as toss payee or as the ins�ed on any such �, � �� �
<br /> �� � insurance potecy.Any irtsuranee pmceeds may 6e apptfed,within Lertder's Qisaetton,to eiiher the restoratlon or repair ot the damaged property � •`." `
<br /> � ar to the secured debt If Lender requkes martgage uisurance,Bonowe�agroes to rteairrcain such insurance tor as long as Lender requires. , .
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<br /> , _. ,� 4.Ropatty.Bo[rower will(ceep the pro¢erty in good condibon and make aU repaira reasonab}y necessary. ,., , • • _
<br /> i;� 6.Expaaisea.Borrower agrees to pay all LenCer's expsnses,including reasonaDle attomays'fees,if Boaower breaEcs any covenaMS in this deed ' :�_�_ -
<br /> of ttust or in any abtigation secured by this deed oi Uust.Borrower witl pay these amounts to Lender as proviHed in Covenant S of this deed of
<br /> trusi.
<br /> . .� 8.P�1ot Seetutty tntereste.Untess 8onower fust obtains Lendefs written consent.Bortower will not make or permit any changes to any psior '.• .
<br /> � _. � security inierests. Borrower will perform all of Bonorler's obtigations under any prior mortgage, deed of trust or other securrty agreemenL �.•_ � �
<br /> , , . • . � inoluding Borrower's wvenants to make paymems when due. `�
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<br /> • r 7.Aaal�nment of Rerns and Rimfita.Bonower assigns ta Lender the rents and profits of the property.tfaless Bonower and Lender have a�eed ' �,,��
<br /> � ' . atherw�se in writtng,Borrower may ooltect and retain the rertts as Iong as Bortower is not in detauR. If Bortower defautts,Leoder,Lender's r••:�`•-
<br />- � � aperrt,ar a court appol�ted receiver may take possession and manage the property and collect the rents.Any re�ts Lendev coileas shall be . •�•
<br /> , • • ` �r . appGed fusi to the costs of managina the prapertyr, including court eosts and attotneys' tees, commissiores to rental agertta,and arry othet '. _
<br /> � � neeessary�etated e�enses.The rema�nmg amounT of rerrts vidll then appty to paymanta on the secured debt as provided in Covenarrt 1. -`�•,�=�`�
<br /> , • � - � 8.Leasehotds;Candominums;Ptanned Unft Developme�.Borrower agrees m compiy witA the provisions of any tease if this deed of mfst is on . _'�- -
<br /> � a leasehotd.If this Qeed ot Vust is on a un+t in a condominium ar a planned unft development,Borrawer wi0 perEorm aft of Borrower's dutiea - " ' .�I��`�}•
<br />- under the covenarns,by-tawa,or regulations of the condominium or ple:uied unit devetopment. __-
<br />_. . ' • 9.Authartty of Lender to Perfarm tor Borrcwer.(f Bonower tails to perform any of Borrower's duties under this dsed of trust, Lender may " •' t :.�;�.
<br /> perfortn ths duties or puse them to be parfarmed.Lender may sign Borrowers name or pey eny emount if�ecessary for periormance.If any �
<br /> - - wr�suuction on the Vroperty Ls discorrtinued or nui carried on in a reasonabfe manner,Lender may do whatever is neeessary to protect Lender's
<br /> - � security iMereat in the property.This may incluQe comp�ating the consuucdon. � , `,�"��
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<br /> r Lendefa faiture to perform wilt nat preclude Lender irom exereising any ot its other nghts undet the law ar this deed of trust �• _ _
<br /> ' y Any amounts paid by Leoder to protect LendePs security interest wilt 6e aecured hy this deed ot trust.Sucb amouots unll be due on demand �L.` .~ �
<br /> and wll bear interest from the date of the payment until pald(n fulf ai the interest rate io effect on the secured debt. � �,``f� g���.
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<br /> ' ` 10. Oefeult end Acceteratlocf. If Bortower taita to make any payment wheo due or breaks any covenants under this deed oi trust or any ��°��_��-
<br />_ obligation sewred by this deed of trust or any prior mortgage or deed of Uust,Lender may accelerate the mawrity of ths secured debt and ` ,�,-,;;,_�'_
<br /> : ��i demand immediate paymeM and may imroke the power of satd and any other temedies permitted by aDp���ble law. :-�`$�s.
<br />- - 11.Request for Noflee ot Defauh.(t ia hereDy requested that copies of the noUces of detauit and sate be se�t to each person who is a party ,�����4,
<br /> � hereto,at the adNess of each such person,as set forth t►srein. ��L�-
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<br /> � 12.Power oi Sala.If tha Lender invokes the power of sate,the Trustee shatl first reeord in the ofQce of the register ot deads of each caurty . '�;�;
<br />_� wheretn tfie vust property or some part or parcel thereof is situated a notice of defauR corttaining the information required by law.The Tnistee r.�
<br /> :4. �•. � shalt also mail copies ot the notice ot default to the Bonower,to each person who is a party hereto, and to other persons as presaibed by , c�'��'—
<br />•-- ,. - . • applicabte law.Not less than one mortth after the Trustee►ecords the notice of detault, or two montha if the trust property is not in any � � - "`-
<br /> incorporateA city or village and is used in fartning operations cartied on by the trustor,the T►ustee aha0 give public notice of sale to the persons =---
<br /> and in the manner prespibed by appplicabte law.Trustee,without demand on Bonower,sha0 sell the property at public auction to ffie hlghest ;'�,�.� ` `� ,�;.�.
<br />�'�� .� . bidder.It required by the Farm Homestead ProtecUon Act,T►ustee shall offer the property in two separate sates as requ"ired by applicable law. ' -�
<br /> Trusiee may postpone sala of aIl or any parcel of tha property by public announceme�t at the time and ptace of any previously scheduted sate. �� =Y"-
<br /> Lender or hs designae may purchase tha propeny ai any sate. ` . � .. �:�:.�
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<br /> "`' Upon receipt of paym errt of the price 6id,Trustee shatl detiver to the purchaser Trustee's deed wmreying the property.The recitials contained in —
<br /> � - -- Ttuste9's<leed shall be prima tacle evidience of the truth of tfie statemants contained therein.Trustee shaN apply the proceads of tAe sate in the - ��
<br /> . following order: !a) to all expenses of Lha sate, including, but not limited to, reasonabte Trustee's fees, reasonable atiomeyrs fees and � � ���_
<br />-_ -� reinstatement fees;(b)to afl sums secured 5V this deed of trust,and le)the balance,'rf any,to the perscrs Iegalfy eatitfed to receive it. ,�;-�t�.��_=
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<br /> � , � ti 13.Foractosura.At Lender's apUon,this deed o!trust may be forectosed in tha manner provide by appliCeble law for fo�eclosure of mortgages .. � ��- `�.;.:.,=
<br /> . on real property.
<br /> , 14.Inapetxlon.Lender may emer the propertyr to inspect it if Lender gives Bonower noUce beforehand.The notice must state the reasonabfe `—
<br /> � cause tor Lender's inspecUon. ' �� .
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<br /> • 76.Condemnatlon.Bonower assigns to Lender the�roceeds of any award or Gaim for damages connected with a conQemnation or other taking ,.. �_
<br /> of all or amr part of the property.Such proceeds will be applied as provided in Covenant 1.This assignment is subject to the terms of any prior -
<br /> ' securlty agreement. ' • � -,
<br /> � ' f 18.Wolvor,By ezercising a�y remeQy available to Lender,Lender doea not give up any rights to tater use any other rerr.2dy.By noi exercising
<br /> :� any remedy uyon Banovirer's detault,Lender does not walve any right to tater cons�der the event a default if it happens again. • _ • .
<br /> . ' 17. JoGtit er�d Several UaLIIity; Co-slgners; Succossora and Aastgns Baund. All duNes undar thls deed of trust are jaint an0 several.Any • �_ .� " �
<br /> , ._. . Borrower who caslgns this deed of tn:st but does not casign the underlying debt instrumentfs) does so onty to grant and eo�vey that •
<br /> , • • _ Borrower's interest in tha properry to the Trustee unQer the terma ot thia deed of trust.In additian,sueh a Boaower agreea that the Lender and ��,.:���� '
<br /> ,. . any othet Borrower under this deed of trust may extend,moditv or make any othe►changea in the terms of this deed of trust or the secured � �
<br /> . • debt without that Bortower's consent and without releasin�that�orrower from the terms of this deed of trust. ': .
<br /> � The dutles and benefits of this deed of trust sha!1 bind and benetit the successora and assigns oi Lender and Borrower. � •
<br /> �' � • 18.Notico.Unless othetwlse required by taw,any notice to Borrawer sha';be given by delivering it or by maiting it by certified mail addressed to
<br /> . _ , Bonower at the pro�eKy adQress or arry other address that Borrowor has aiven to lender.Borrower w�ll give any notice to Lendei by certliied � • '. .
<br /> . . mail to Lender's address on page 1 of this deed of trust,or to any other address which Lender has designatod.Any other notice to Lendet shall �
<br /> . be sent to Lender's address as atated on page t o!this deed of trust. , � ••
<br /> Any notice shall6e deemed to have been given to Borrower m Lender when given in the manner atated above. . � • � '
<br /> , ' 79.Trensfer o!the Prapotty or a 8enefleial hKereat in the Bonower.It all or any part of the propo�ty or any interest in it is sold or vansterred .
<br /> without ten3er's prlor written consent, Lendor may demand immed�a:e payment of the secured debt. Lender may atso demand i�nmediate �
<br />- payment if the Bortowe�is not a natural person and a beneficial in-s-est in the Borrower is sotd or t►ansferred. However, LenQer may not
<br /> demand payment in the above situations if it is prohibited by federal law as of the date o}this deed o1 trust. � �
<br /> 20.Reconveyance.When the obllgation setured by this deed of trust has been pa�d and Lender has no(urther obligation to make advances � ' .� •
<br /> • unde�the insttumonta or agreements secured by this deed of trust, the Trustee shalf upon written requost by the Lender,reeonvey the trust
<br /> property.Tho Lender shall detiver to tfie Borrower,or to Borrower's successor in interest,the trust deed and the note or other evldenco of tho �
<br /> ' F, ; obligation so satisfled.8orrower shall pay any recordation costs. �
<br /> • , � 29. Successor Trustee. lender, at Londer's option, may remove Trustee and appoint a successor truatee by first, mailing a coDY o}the •
<br /> _�j substltutlan of trustee as required by applicabte Iaw,and then,by tilfng the subsUtutiort of ttustee tor recotd In the oftico of the register of deed9
<br /> '�t. 4 of eaen county in which the trust prope►ty,or some part thereof,is situated.The successor trustee,without conveyance of the property,ehall �
<br /> . succeed to all thv power,duties,authonty and titte of the Trustee named In tho deed of trust and of any successot trustee.
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