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<br /> ,_ ,, COVgYANTS �C�� �1���� ..'i � ..
<br /> �`� t. Paym6ma Bortower apreea to make all payme�ts on the seeured debt whan due. Uniesa Bonower and lender agree otherwise, any , ,`
<br /> ' �..:� --� paymems Lender receives from Bortower ot tor Borrowefs 6enefit witf be appiied Hrst to an}r amoucus Earawer awes on the cecured debt ,��,'_---..,,.
<br /> - - - f: � ' exehisiva of ir+terest or prficiyal,second m inUetest,and then to prtncipaf.If partiat prepaymet+t o!the secured debt ocaua ior any reasan,it w71 --r.� .--�
<br /> � s � � not teduce or excuse arry scAeduled paymert w�7 U►e sAaued deDt ia paid in tutl. ���:�„'.
<br /> . . ,�.. ,. ; . ,c
<br /> . � .. 2.C�atma Agatnst 7itte.Bonower un71 pay eU taxes,essessmerns,and othor charges atvibutabte to the property when duo and wll Cafend titte • .
<br /> < � to ihe prapertY asiainst any Gaims which wautd impair the tlon of this deed ot trust.Lender may tequire 6orrower to essign eny righte,ctaims av
<br /> �� , detenses inrhich Bartower may have agatnst par[ies who suppty tabor or materiais to improve or maintain the proparty. � • . �
<br />- �'�a.:� ' . -. �'- .�-... .
<br /> c � 3.(ns�uanea.Bonower witl keep the property insured under terms acceptahto to Le�der et Barrower's eapense and for Lender's benefR.Ail
<br /> ' � r taauranee potides shait inehide a etandard mortgage dause io tavor of LenQer.LenQer wi11 be named as loss payee or as the insute0 on any such 4 �'�-. .
<br /> , '� i�wence poltcy.MV insurance praceeds may 6espD�ed,witfiin Lender's diseretion,to etther tha raswration or repait ot the damaged property •
<br /> • � , � or to the sec�ued deD�H Lender requires mcrtgage insurance.Boaower agrees to maintain such insuranee for as[ong aa Lender requUea. � -
<br /> _ _,.
<br /> ` � 4.Pcaperty.Bortower wiU keep tha property in good condiUon and make ali repairs reasonabty neceseary. � . �
<br /> � :r.
<br /> � � .:�>"�', 6.6cpensea.Borrower aprees ta pay ali I.endeYs axpanses,inciuding reasona6le attomeys'fees,it Borrower b►eaks any cavertanta in this deed -s _-__- :
<br /> _�_;��_� o�f tr�ust or in a�y obligaUOn secured 6y this dged of trusY.Bor►ower wili pay thase amounte to Lender as provided in Covenent 9 af this daed of _
<br /> �. - � �.
<br /> � ' ; 8.PAot Secudty Irttereats.Unless Bo�ower first oAtains LenQer's writEen consent, Borrower wi0 nat make or permit eny changes to any prior � �`.
<br /> y � security interrlsts.Borrower wiil perfortn atl of Bortowers obiigaCans nndar any prior mortgage, deed of trust or other security agreemer►i, y , , '.4F
<br /> , �� induding Borrower's covena�s to maks paymart�when due.
<br /> � � ' 7,Assignmar�t ot Re�cnd ProHfd.Borrower essigns m Lender Ure renm end profits o#the propariy.Unlesa 6onower and Lender have agreed . _ ,`,�. ._
<br /> ;; , ' � ''� otherwise in writne. Borro+aer may totiect and retain ihe renis as bng as Borrower is rtot in defauk.if Borcowar defaWts,Lender,Lender's �
<br /> agent,or a co�ut appointed receiver may take possession and manage the property artd coilect the rerns.Any rents Lende►cotiscts shal!be t• ,
<br /> _ '. ' '�,� apptied first to the cnsts ot managin8 the propertyr,induding court costa and attomeys'feea, commissions to rentai agerta,and any other
<br />- necessary teiated expenses.The remaiqing amount of reMS wi(1 then apAty to PaYmeMS un the seaaed debt as provided in Cave�ant 1. ;
<br /> ` 8.teaseAolds•Condortilcdums;�tarmed U�dt Oevelapmesib.Bonower aBrees to compIy with the provisions of any lease ff this daed of trust is on �� 6� ��`_ "
<br /> � �,' a leasehold.If this deed of uust is an a unit in a condommium or a planned unft development,Borrower will perform all of Borrowe►'s duties •-` -
<br /> `:. • � '. undet the covenams,by-laws,ot ragulations of the condominium ar planned unic daveiopmeM. �.r'�`,=.
<br /> . g,quth�ity arr Lm�der to Per[orm for Borrower.If Borrower fails to pettorm any of Borrower's duties undar this deed of trust, Lender may �, ` ' . -
<br /> � . perfurm tha dut�es or cause them w be performed.Lender may sign Bortower's�ame ar pay any amaunt 1f�ecessary for pertormance.lf any ;; _
<br /> ,` consvuction on the propany is d'iscortinued or not cattied on in a reasonable manner,Lender may do whamve►is necessary to protect Lenders --_
<br /> , . security IMerest In U�e prop2rty.This may indude wmpieting the canstructlon. :'L'°�v=
<br /> � Lenders fa�lure to peAortn�v�'il not prectude Lender from oxercisiag any of its offier rights under the taw or thia deed of trust 4(` ". . ��='�
<br /> ��i.,._
<br /> MV amow►ts paid by Lender to protact lendz�a securtty irtterest wHl 6e secured by thia deed of bust SucA amaunts wiit be due on damand � � ' �
<br /> ' � " and wlll bear irrterest irom the date of the paymerrt urtdi paid in futi at the irtterest rata io effect on the secured debt. -:"-`� •'�',; `
<br />. :' , �;, ' �.ia:�
<br /> �� '� • � t0. Dot�it end Acce2eratIon.If Borrower taits to make any paymertt when due or breaica eny covenama under tNs deed of Uvst or any .� 9S•,-.=
<br /> ;' • � obtigation secured bV this dead ot wst or arry pdor mortgags or Qeed of trust,Lender may accelerate the marturity of the secured debt and . •�:'�•;�_-:
<br /> „ • � damand immediate psyment ant!may invoke the power of sale and arty other remedies permitted tiy appticabte�aw. �, �,;:��.,;,__
<br /> =,,;.
<br /> 3`:� � � 11.Requeat tor No9cs of Def�ilt.It is hereby requ�sted that capfes of the nattces of defauft and sate be seM to each person who ta e party � "�'�
<br /> y L '_;,,
<br /> ' � hereto,et the address of each such petson,as set forth hereio. � �
<br /> . � .� .i`�.,
<br /> } � � 12.Power of Sote.If the Lender fivokes the power of eale,the Trustee shatl first record in the o�ce of the tegtster of deeds of each caurny � ��.
<br /> • wherein the�ust property ar same part or parcel thereof is situated a natice of defautt containing the information requtred by law.The Ttwctee , ;=� „,.
<br /> _ shail also mail copies of tha notice of deteuit to the Borrower,to eacfi person who is a party fiereto,and to other persans as presaribed by .. .,�?•.�'�;i.
<br />-- � • applicable law. Not Iess than one mo+rth after tfie Tnistee tecords the notice of default, ar two manths if the Vust ptoperty is not in any "�::;{;'�_
<br /> `' � ` incorporated etty or viftage and is nsed in tarmirtg operations carrled on by the trustor,the Ttustee shall give public noUco ot sale to the persons :��s:__—
<br /> ,��� ` and In the manner prescn'bad b�r�pplicabfe law.Trustee,without demand on Bonower,shall seil tAa ptoperty at publia auction to the highest ` '� �-
<br /> bidQer.M required by the Farm ttomestead Protection Act,Trustee shail otfer the properry in two separate safes as required by appiicabie taw. ' �`_a`-
<br /> --- • Trustee may postpane eals of atl ar atry parcal of the property by pubtic announcemarK at ths time and place of any previously scheduted sale. . _ , "�� �'<::.-.
<br /> LenQer or its designee may Ourchase ffie proparty at any sate. . `,j���•_-
<br /> _ . :.�i+-=�r=:
<br /> _�s ' .�. Upon receipt of paymert of the price bid,Tnutee shall detivar to ffie purchaser Trustee's deed comreSrla9 t�fie property.The reciUais contained in �'__'
<br /> Tnistee's deed shall be prima facie evi�ence of the truth of th9 statementa contelned theretn.Trustee shaii appty the proceeds of the sala in tha
<br /> � • foQowing order: (a) to a11 expenses of the sate, inciuding, but not limited to, reasonabte Trustee's feea, [easonabte attomaf/s tees and �•�L ='
<br /> . - -- - --- teinste2emetiL tees;lb1 ta a�sams secured by this daed ot uust,and(ct tAe balance,if any,to the persons(egaity entftted to rece(ve it. � . vj.,-
<br /> •��} � 13.Forectasure.At Lender's option,this deed oi uust may be foreclosed in the mannar provide by applicabie law fot torectosure o!mortgages �� ��"` �L'`
<br /> on reai property. ..;�';
<br /> ' t4.fnapection.Lender may entar the property to inspect R if lender gives Bonower notice beforehand.The notice must state the reasonabte ' �� � ���
<br /> ' cause fcr Lender's insyection. � • f:.:
<br /> .<e;,..
<br /> 1S.ConQomntrtton.Borrower assiflns to Lender the proceeds of any award or daim tor Qamages eonnected wtth a condemnaUon or other taking ' -'—
<br /> . , of ail or any part ot the property.Such proceeds wiil 6e applied as provtded in Covenant 1.This assignment is subject to the terms o!any prior � ;!�.
<br /> ' ' . security agreemaM. ---
<br /> "���` �` 18.Waivei.By exercising any remedy availabie to LenCer,Lender does not glve up any dgfita to later use any other remedy.By not exetcising _ ' `-
<br /> any remedy upon Bonower's defauh,Lenda�doea not waive arry rlght to Iate►consider the everrt a default i!h happe�s agaln. '.,_ �- �,�-�r
<br /> 1�.Jotcn and Severel UabW-Sf1; Co-slgnora;Suceessare and Aaatgna Bound. Ail duties undet this deed ot uust are joint and sevaral. Any "
<br /> � Barrower who co-signs this daed of trust but Qoes not co-sign the undertving debt instrument(s) doe9 so oniy to graM and convey that . .
<br /> Borrower's interest in the proyerty to the Trustee under the terms o}ffiis deed of vuat.tn addition,suct�a Bonower agrees that the Lender and • .
<br /> ��,.� any other Bonower unQer this dee0 of uust may extend,modify or make any other changes in the terma of chis doed of t►ust or tfie secureA
<br /> debt without that Bonower's consent and without releasing that Bonower hom the tetms of thia deed of Vuat.
<br /> The dutles end benefits of this deed oi trust shall bind and benettt the auccessora end assigns of LenQer and Botrower. . .
<br /> 18.NoUeo.Unless oiherwlse required by law,any notice to Borrower ahall be given by deiivering it or by,mailing it by certifled mail addressed to '
<br /> • � Bonawer at the pro�erty aQ�ress or any other address that Borrower has given to Lender.Borrower wUl give any notice to Londer by certifled ,
<br /> mail to Lender's address on page 1 of this Ceed ot trust,or to any other aQdrasa which Lender has designated.Any othet notice to Londet shail ., .
<br /> � ; � be sent to Lender's addresa as stated on page 1 ot this deed of uust. .
<br /> � Any notice shall te deemed to have been given to Borrower or Lender whon given in the manner atated abova. ; �
<br /> � 19.Trunster of the Property or o Benoflciat trttoreat in the Borrawer.lf eil ot any part of the property ar any interest in lt is sotd or transferred � �
<br /> without lender's prlor wrii:en cansent. Lender may demand Immediate payment of the secured dabt. LonQar may atso Qemand immediate
<br /> . � demanGtpiaymenBln the ebo e stt ations�af rt is prohibd d by tederal iaw as ofihe date�of thes deed�of trusfansferred. However, I.ender may not �•
<br /> .-�
<br /> 20.Rawnvuyanco.When tfie obUgation secu�ed by thia dsed of trust has been paid and Lender has no furthor obligation to make advancos
<br /> � � . � under the insttuments oi agreaments secured by this deed of trust,the Trustee shatf,upon writte�request by the lender, �econvey the trust . .
<br /> proyerty.The Lender shall deliver to the Bonower,or to Borrower's successor ln i�terest,the trust deed arM the note or other evldonce of the _, ,
<br /> • . obl�gation so satiafied.8or�ower shall pay aay recordation eosts. .
<br /> 27. Suecessor Truatee. Lender, at Lender's option, may remove Trustee and appoint a successor trustae by first, maiting a copy ot tho ,
<br /> - substituUon of trusSee as re��ired by applicable law,and then,by tiling the substitution of trustee for record ln the ofHce of the register of doeds
<br /> , of each county in which the trust property,or some part thereof,is situated.The successor trustoe,without conveyance of tha property,shall E .
<br />, succeed to all the power,duties,authority and trtle of the Trustee named in the deed of trust and of any successor trustee. I � . . �
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