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<br /> �- 1, Payme�rts. Bortower agrees to make at� paY�rteMS a^�e Secured debt when due. Unlesa Borrower and Lender agree otherwise. anY � � � �. �
<br /> . . . 9xC1U N6 O�IItI8t88[Of prineiDe�.bewnd to �t�ta�e�.s�+d�en m p�ipal.It eParda�OrePay�nent of the se`�`�cu a aoet oecura for anY easonait wili - �� `<.
<br /> _ aot reduea or exaue acry scAeduled paymer�t until the secUred detrt�a paid in tull. , �
<br /> _ Z,qa(m,q qgg[nst Ti$D.Botmfersr w81 pey elt taxes,essessmenta,and other charges attributable to 1he roperiy�vhen due and wIli detend tfUe � _ `
<br /> .. a r�°�`°Nn,i`�'�,"Boermwer�may have a8ainsi partie�a w�ho soAD►Y ebor oa materlals ot improve or�malnutain�the prwopm�ty8s8ign any�igfite.daims ar . .
<br /> ' ' 3.I�anea,Borrower wi0 keep tl�e OroDe►tV insured under teM►s accaDtable to Lender at BoROwer's expense and tar Lender's bane�t.All , .r •�
<br /> � insurance potide8 shaU indude a stanstard mortgage dause in favor ot LenQet.te�der will be named as loss paYee ar es the insured on any sucA
<br /> • ` f t` or tu tlta s�eaued debt If L.e derpequ�res morigage tr s���anee�.BoROwer agre�es w�maint�ai°�sucA insurence�tor as tong�Le�dorereQuirea.p.ropercy
<br /> � � " ' � 4.Propm�ty.Bonower wiil keep the property ia good eondition and make a0 repairs reasonabiV neeessarv• ' ..'
<br /> ` �� � B,6 t y e n s e s.Bortowar a g rees to pay atl Lenders expenses,induding teasona6te attarneys'fees.if 8atrnwer breaNs anY�°���'n ttils deed =____ �_
<br /> � � • ' � of uust or in any obGgation sacured by th i a d e e d o f V u s t B o R O w e r w i U p a y t h e s e a m o u n t s t o L e n d e r a s Drovided in Covena�rt 9 of Uus deed of
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<br /> g,prto�gecurfty tnterosfa Unless Boaower Tust obta[na Lendefs writcen ecnserrt.Bartower witl not make or permit any changes to any prior
<br /> ` - � �i clud g g� p�r�owers�c�pvena�m make p aaYmert s w�h9n dusohiigations under any prior mortgage.deed of trust or other sta�rity agreement, `�
<br /> , ' i � �,p���a}ge�m�d Proftts.Bartower assigns to Lender the rents and profits cf the P�operty.Untess Bortawer and Lender have agreed � 3
<br /> � otherw�se in writlng. Borrower may coliect and retaln the rerns as tong as Bortower is not in detautt If Bortower detauits.Lender,Lenders ' ,•
<br /> � � ". � agent,or a court apPoimeA receiver may tetce posse�dudin gd tourt oosts a d attomeys'�tees,�mmis.�sionAsmtor��mal a�ge�nts,end�Sy olther
<br /> apptied first to the costs of managing the property, m ents on the secured debt as provided in CovenaM 1. .
<br /> necessa�5r relaied exPenses.The ramafning amourtt af�ents vin�l!then aPP�Y Pa7Rn •-
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<br />- ' " . 8.leaseltoids:Condamta�iwns:Planned Unft DevelopmeMS.Bonower agrees to comply with the pravisions of any lease if this deed of trust is on -__�,�-
<br /> ' a leasehold.!f this deed of vust is on a unit in a condommium or a planned unit davelopmertt,Bortower will perfortn all of Borrower's d�cties . ''.���`N,
<br /> ` _ ,,'s undar the eovenants,by-laws,m regulations of the eandominium or piarmed unit devetopmerR. . , __
<br /> � 9.�o���n�m p�{o��gorrotver,tf Bortower tails to�perform any of Barrowers duties under this deed of bust,Lender may �. _
<br /> � . �� ,, perform tha dunes or cause them to he peAormed.Lender may sign Borrower's name or pay any amount if necessaryl�ar paAormance. If any �. �:_�.�
<br /> construction on the praperty is discorttlnued or not cazried on in a reasonabie manrter.Lender may do whatever is necessary to D���nQet's ::�--=
<br /> V . ,� i $ecurtty i�es[in tfie property.This maY include compieting the conswction. _. .. . ;-.�.t._
<br /> �-,' ! Lertdsr`s faitaue to partorm witl not pradude Lender irom exerctsing arry af its other dBhts under t Ae l aw or t h i s d e e d o f tt u s t. ---_s—..,�-:-�
<br /> � q�y amounts paid by Lender to D���nQefs security iMerest will be secured by this deed of uust.Such amour►ts w�1t be due on demand
<br /> i(,�.
<br /> . � and wiU bear irrterest irom the date of the paymsnt u�Ul paid in full at the irrterest tate in eftect on the secured debL � ���
<br /> . � or breaks an covanaMs unde►this deed of uust ar any ,. ."�r�_,=
<br /> "•k �p, petmilt an4 Aee�eratlon. If Bartower faiis to make any paymerrt when due Y --
<br /> obtigatton setxaed 6y thls deed of trust or any prfor mortgage or deed of uust,Lender may acceterate the maturity of the secured detst and ,��i.:;�;�e'
<br /> � � demand immed'iate payment and may invoke tfie power ot sete and arry other remed"�ea pertnitted by aDD���bte Iaw. , ._ ;
<br />-:� _ " . �}R�the aQdre�ss of e ah�suc�h person��set�for�di here n•�Aies of the notices of deisuft and sate be sert to each person who is a party • �'r -
<br /> hec . ,��
<br /> ,�' • ,i 12.Power at Seie.H the Lender inwkes the Do�af sale,the Trustee sfiali flrst record In the office of the register af deeds of each countv .' __
<br /> wherein tha uust property ar some part or parcel thaseof Is situeted a noriee of detauh coMainingeth�nend o�otheipersons�asprescxibed bY `���`'
<br /> � � � shatl atso mail copies oi the notice of dafauft to the Bortower,to each person who is a partY h s not in an �f��'
<br /> F�__.
<br /> • applieable Iaw.(Vot Iass than one month aftar the Trustee rewrds the notice of dafauft or two months it tt�a vust property i V , {�...
<br /> � ' incorporated city or v i l iage an d i s u s e dj in�bte�law Trostee�witl�out deman d o n BoROwere ha It ellsthe pr Pe►ty at pu b ic auction to e�h i g h e s t �
<br /> = and in the manner prescribedpy appp _ . ,_
<br /> ' ' biddet.li required by the Farm Hamestead Protectio�Act,Tru tee shail offer the propertY irt two separate safes as requhed by applicabte taw. •.,-�_T� �%
<br /> �• � 7nutee may pastpone sate of aii or any parcei nf the property by D��c announceme�rt et the time and piace of any prevlausiy scheduled sate. ��
<br /> . Lender or its designee may purchase the proDerty at any sate. �'�v
<br /> Upon teceipt of payment of tha price Oid,Trustae sha0 detiver m the purchaser Tnistee's Qeed wnveying the property.The recitials coirtaineA in , �,
<br /> �� �- Trustee's daed sAall ba pdma facle evldience of the truth of the statements eorttainsd therein.Trustee shall appty the proceects of the sate in the � ,,,
<br /> , , - ': foltowing orQer: (a) to a0 e�enses of the sate, inctuding, but not tlmited to, reasonable Trustee's fees. �aasonabte attornay's fees and _ �,��_
<br /> reinstatement fees;(bS to ail sums secured by thia deed of trust,and(c)the balance,if am►,to the persons Iegaily entitled to receIve it. t� :
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<br /> '+ � 13.Foreefasura At Lenders opb8n,thts deed of uust may be foreclosed in the manner provlde by appiicabie law tor foreciosure of mortgages ,:���`. :Y-�..
<br /> � on raat property �� ;.+::�-.
<br /> � 14.ins�0adon.Lender may errcer the propetry to Inspect it H Lender g(ves Bonower notice baforehand.The notice must state ffie reasonabie f .�::F�z
<br /> _4_3 , cause for Lender's Inspec[lon. , .. ,-�''""
<br /> �' 15.Condamnedon.Bortower assi8�na to LenQar the proceeds ot erry award or claim tor damages connected wfth a condemnation or other taWng ; �' i�`.
<br /> of ail or any part of the property.Such proceeda will be applied as OrovlQed in Covenant 1.This assignment is subject to the tettns of any prior �#�'_
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<br /> '� � � securltY e8reement. •
<br /> � 18.UlTatvet.BY exercistng any remedv availabie to Lender,lender does not give up any rlghta to tater use arry other remedy.By not exercising _
<br /> ' any remedy upon Bonower's detauh,tender does not waive any right to later consider the evont a detautt if k happens again. ..
<br /> ' 17.Jolr�t and Sowral LtabDity� Co-si�era; Suoeossors end Ass18n9 Bound. All duties unQer this deed of uuat are joint and several.Any ,��`�. V
<br /> � Borrower who casigns this deed ot vust but does noi co-sign the undeAyi�g debt insuumer►t(s) doea so onty to grant and cor►vey that �
<br /> � ' Bortower's interest in the property to the Trustee under the terma of this dead of vust.tn addiUon,sucA a darrowor agrees that the Lender and
<br /> � eny other Borrower u�der this deed of trust may extend,modifv or make any other changes in the terma of this deed ot trust or the secured
<br /> . , Eebi without that Borrower's consent and without releasing that Bonower trom the terms ot thia Qeed of uua� ;.`� � ,
<br /> , , :� The duties and henefita of this deed of Vust shall bind end benetit the euccessora and assigns of Lender and Barrower. , ;
<br /> 18.Notice.Unless otherwise required by law,any notice to Borrowar ahall be gtven by delivering it or by maitlng it by Certitled mail addressed to
<br /> � � Borrower et the pro erty addresa or anp other address that Borrower has given to Lender. Bortower will give any notice to Lender by certlfied
<br /> ��'��t � be sent o L Qei s�ame°ss as si iea on�p gee 1 of this Ceed of trustther addreas which Lender Aas desigoated.Any other notice to Londer ahall
<br /> , Any notice shall be deemed to have 6een given to Barrowe►or Lender when given in the manner stated a6ove. • �
<br /> 19.Traneter of!he Property or o Baneftelnt IMnrest in tho Bortower.If ell or any part of the proparty or any interest in it is aotd or transferred
<br /> without�ender's D��ar written eonsent, Lender may demand immediate payment of the secured dobt. Lender may also domnnd immediaie �, _
<br /> demand paymen8in tha abiove situaUons if i1 is proh b ed by tederai aw as of the date of this deed�of frust nsferred. However, LenQer may not
<br /> - ' 20.Reeonvoyanee.When the oDt;gaGon secured by this doad of Vust has been paid and Lander has no further obligation to make edvances • �
<br /> � under the insVUments or agreemerts secured by this deed of t�ubt,the Trustee ahelf upon anitten request by the Lender,reconvay the vust
<br /> propetty.The Lender shail deUver to the Borrower,or to Botrower's successor in lnterest,the uust deed and the�ote or other evldenee of the
<br /> � obllgaUon so eatistied.Borrower shall pay any reoordation costa.
<br /> I21. Successor Truateo. Lendor, at Lendar's option, may �emove Trustee and appoint a successor trustee by first, mailing a copy o}the �
<br /> substitution of Uustee as requ'ved by appticabie law,and then,by fiting the substitution of trustee tor record in the ot(ice of the register of deeda
<br /> • � succe d to all the powcer tduties euthort�y end title of t e Ttustee named in the deed of trust end of arry�successor trustee of the property,shall 1 .
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<br /> IPage 2 0l 21 .
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<br /> .:;�; . � BANKEASSVSTEMS.it�C..ST CLOUO.�N5830117�800397�Y341�iOHMOCpMT6NEB�19/91 ___ , ;, .
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