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<br /> i 1, paymNtU. Borrower apreen to mike ali psymsnt� an the sscund d�bt when due. Unleu Barower and Londer aproe otherwisa, eny `,� ,...;_;..�+--•:
<br /> ; payrtesnte Lsnder rocelve�irom Borrowar or tar Borrower'�6enetit wlll be epplled fir4t to any amounta Borrower owes on the sacured debt ,:.�;._�,y_
<br /> exclwivo of Intero�t or princlpal,tscond to Int�ro�t,and then to princlp�l.If p+�rtl�l propeyment ai the aecured debt occurs tor any reaeon.It wlll .. •,,�,�'�
<br /> not raducn or excuse any tchoduled payment untll the tenu►ed debt I�p�ld In full, -«¢!"i�*r;�
<br /> 2.Cl�lms ApNn�t TNI�.Borrower w'I p�y all tpx�', �Yt9�me+���•��qther chnrpea attributabb to tha praperty when due nnd wlll defend tftle ;��
<br /> to the property ep nlnst eny cialm���ch wyaUtd Imp��r th�IM a!tht�d�sd of trust Lender may requiro Borrower to acelgn eny nqhts,clnfms or ,*�__:
<br /> defen4e�whlnh 9orrawee msy h�ve peiN�Y�p�tle�who Yuqp�jl hbor or fhaterlale to Improve or mefnteln the proporty. ,.,,
<br /> 3.Insunnct. Borruwer wlli keep th�peperty Inwred under terms accepteble to Lcndor at Barower's oxpensa end fos Lc+ndor's bonefit. All : .. ."
<br /> insuronce policiee ehall Include a etandard mort4lepe elauee In favor of Lender.Lender wlil be named as loee peyee or as the Ineured on eny euch ��.:'��;;�
<br /> f Intur�nco pollay.Any Inwrsnce proceeds may be a�pltod,wlthin Lender's dlocretlon,to efther the roetorutlon cr repolr af tho damaped property : , .
<br /> or to the eecurod debt.If Lender requlrot mortpape nwrsnce,Borrawer agrees to mslnteln�uch Innurance}or as lonp es Lender requlros. ;:_,�.d•'
<br /> in ood conditlon end make all ropnirs raaeonably necossery. .�''`�"
<br /> � 4.Prop�rty.Gorrowor will koop thn propnrty d '- '• -•_
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<br /> .+�r 6,Exp�ns��.Borrower�prees to pay all Lender's expanse4,including reasonebls nttorneys'teei,If Borruwnr breeko any covenantr In thla deed . __
<br /> �...wK-a�� of trust or In eny obligetlon securod by thb deed of trust.Borrower wlli psy thess emounte to lender ae provtded In Covenant 8 of thls deed of �t-'--_
<br /> t�ust. f °•_
<br /> 8.Prior S�eudty Inta�st�.Uniess Borrower fU�t obtalns Lender'Be wrttten conee Y, Burrower w��e�deed of truet or�tother aecuoltytepreementr °'J"w�
<br /> #i securfty interosts. Borrower wiil perform all of Borrower's obll etlone under an prior mortgap �:'�.=---
<br /> �I includinp Borrower's covenante to make peymenta when due. "��
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<br /> 7.Assipmmmt of R�ntt and Proflta.Burrower asslgns to Lender the ronts anA�roflts of the property.Unless Borrower and Lender have agreed F;,- __
<br /> otherwfse in writiny, Borrower may r,olloct and rotain the rente as long ae Borrowar is not in defauit. If Borrower det+�ults. Londur, Lender's -_
<br /> agent,or a court epPointed recelvernmgay take posseealan end manege the property and collect the rents. Any renta Lender collects shell ba _
<br /> necelssary�roleted expent6ex�The romieining amount of rents will h n apply to paymenit�on the secured diobt as provided in��ovonand'any other -
<br /> :� 8.L�n�hdds•Condomi�tums;Pl��n�d Unit D�vNopm�nu.Borrower agrees to comply with the provi�lons of eny leose if this deed of trust I�on
<br /> '� uader the cove ants by lews or reguletioni of thoccondominium or plenned unit development n6 Bonower wlll perform all ot Borrower's dutles -
<br /> �? 9.Authodty of L�nd�r to P�rtorm ta Borrow�r. If Borrower fefle to perform nny of Borrower's dutfea under thla deed of truat, Lendor msy e=:___
<br /> •; pertorm the duties or aeuae thom to be pertormed. Lender may slgn Borrower'B nnme or pay my+mount if neaesaary for pertormence. If any �
<br /> ,. constructlon an the property le dlsconti�ued or not cerried on In a reaaoneble menner,Lender mey do whatever le neceaeery to proteat Lendsr's f e
<br /> security Interest In the property,This may include completing the conetruatlon. __
<br /> . Lender's faflure to perform will not preclude Lender from oxercising any of its other rights under�he law or this deed of trust.
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<br /> Any amounte paid by Lender to p►oteat Lender's security Interest will be secured by this deed of trust.5uch amounts wfll be due on demend �,
<br /> and will bear intereat irom the dete of the payment untfl pald in fuli at the mterest rate in eHect on the secured debt. �„--
<br /> �• 10. Def�ult�nd Aoc�l�nUon. If Borrower fails to make any payment when due or breaks any covenants under thia daed of truet or eny �_=_-
<br /> obligation secured by this deed of trust or any prior mortgage or deed of trust, Lender may ac yiePP e the maturity ot the secured debt and
<br /> demnnd Immedlete payment and may Invoke the power of sale and any other remedles permitted b e licable I�w. _
<br /> � hereto�at�tha addrese of ech uch�personre aYsetforth hereln,coples ot the notices of defaultand sale be sent to eACh person who la a party -
<br /> � 12.Pow�r of 5��.If the Lender invokes the power of sala,the Truatee shall firat record In the office of the register of deeds af each county
<br />- - - �•hereln the truat p.operty or some part or parcei thereof Is situated a notfca of defauit contalring the informetlon requlred^bR IAA�f�acrlbedtb
<br /> . shall also mell copies of the notice ot defautt to the Borrower, co each pnreun wi�o Is a pan;Ysarcta, snd to other p_ __. _ p Y _ _
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<br /> . � appllceble Iaw. Not le�s than one mo�ttli after the Trustea records the notica of default ai two monthe If the truat property is not �n any
<br /> incorporated city or village and i�u�ed In tarming operationa cerried on by the truator,the fruetee theil give publia notice of sale to the persons
<br /> and in the menner preacribed bY eppPlfaable law. 7ruatee,without demend on Borrower,ehaA setl the property at publla auotlon to the hiqheat
<br /> � bidder. If requlred by the Farm Hometteed Protection Act,Truetea uGlio announcemrent et theiime end place lof any�pQeviousby echeduled sele.
<br /> � Trustee may postpone sale of all or eny parcei of the property by p
<br /> . Lender or Its dealgnee may purchaso the property at any sale.
<br /> Upon receipt of payment of the p�ice bid,7rustee shall deliver to the purcheser Trustee's deed eonveyfng the property.Tho recitiois aontalned in
<br /> Truntee's deed shall be prima facie evidience of the truth of the etatementa contained thoreln.Trustee shell appiy the proceeds of tho sale in the
<br /> ' reinstatema t fees�(b1 to�all sumsGSecu ed by this�deed ofitruetuand(cl�thetbalenceel}any t�olhe peraons legelly e tltled torecetve�t,tees end
<br /> „ 13.Fonalosur�.At Lender's optfon,this deed of trust may be foreciosed In the manner provido by appliceblo lew for foreclosure of mortgnges
<br /> on real property
<br /> • 14.insp�atlon.Lender may entor the property to inspect it if londer gives Borrower notice beforehend.The notice must state the reaeoneble --
<br /> cause for Lender's inspectlon. -
<br /> 16.Cond�mn�tfon.Borrower aesigns to Lendor the proceeds of any award or claim for dama�gea connected with a condemnatfon or other taking
<br /> of all or any pert of tho property. Such proceeds wlll bv applled as provfded In Covenent 1. TNs aesignment is subject to tho terms of eny ptlor �
<br /> security agroemant. -
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<br /> 18.W�iwr. By exerclalnp any romedy evailebie to Lender,Lender doeo not give up any rights to later use any other romody.By not exercfsing _ _
<br />- any remedy upon Borrower'e default,Lender does not waive any right to later consider the event a default if It happens again. �
<br /> � � 17. Joint and 8�verai Lisbilfri; Co•�tyners; Suao�tsors �nd Assipna Bound. All dutfos under this deed of truat are joint and severai. Any i-
<br /> Borrower who eo-signa thla deed of trust but does not eo•sign tho undorlyfnp debt instrunentls) does so only to grant and convey that _
<br />- w � Borrower's interest fn the property to the Trustoe under the terms of thfe deed of truat. In addition,such a Borrower agrees thet the Lender and y�=
<br /> any other Borrower under thia deed of trust mey extend,modify or make any other changea ln the tenns of this deed of trust or the secured F
<br /> debt without that Borrower's consent and without releasing that Borrower irom tiie tem�s of Ws dood of trust. _
<br /> p The dutles and bonofita of this deed of trust shell bind and bonefit tho success�rs and assigns of Lendor and Borrower. ' --__-
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<br /> 18.NoUc�.Unless otherwiso required by law,any notice to Borrower shall be given by dellvera0 it or by mailing 1t hy certifiad mali addressed to �. _
<br /> � Borrower et the property address or any othor address thnt Borrower hne given to Lender. Borrower will give eny notice to Lender by certfffed ,,.�,,,,,__
<br /> maii to Lender's address on pege 1 of this deed of trust,or to any other address which Lender has deaignated.Any other notice to Lender shell �
<br /> be sont to Lender's address as statod on page 1 oi this dved of trust. ' � ��
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<br /> 3 Any notice shall be doemed to have beon given to Borrower or Lender when givon in the mannor statod above. '�'��•�_
<br />' without�lender'shpriaropvsrltten consentfl,c�Lende�r mey�domandrimmediat I paymenteof t ohsecurodrtdobt�Lond r mey olso demendtimmediete ��
<br /> � d mandtpiaymenB�n tho ebiovo situetionsrif iter.prohfb�Od by fodera�l lawres of tho dato of hiedeed ot trust nsferred. However, Lendor mny not �
<br /> 20.Reconv�yanca. When the obligation aecured by.this deod ot trust has been peid, end Lendor has no further obiigation to mako advancos �
<br /> • undor tho instruments or agroemonts secured by th�s doad of trust, the Trustoe shali, uponwrftten raquest by the Lender,reconvey tho trust
<br /> - property.The Lendor shall deliver to the 8orrower,or to Borrower's succassor in intorest, the trust doed and the note or other evidenco of tho
<br /> obligatfon so setisHod.Borrower shell pay any recordution costs.
<br /> 21. Suaceasor Truste�. Lender, at Londer's option, moy romove Trusteo and appoint a successor trusteo by first, moiling a copy of the
<br /> subotitution of trustoe es requfred by applicable law,and then,by filinQ the substitutfon of trustQO tor record in the ofilco of the register of deeda
<br /> . of each county.in which the trust property, or somo part Thoeeof, is sit��a�^odh�T�Qs��}ess�tan isof env�successorVnustoe,of the proparty,shell
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<br /> - SUCC88tl i0 all itle power,ouiine, auu�v�uy • ^--•--��--��-- - � - � � � ' �-- �
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