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<br /> � coveuaiuTS � ' � �
<br /> � , i, paymarsta. Borrower agreas to maker or for 8ortower's benefrcuw U bebappf ed f rst to any amounts 8oe ower owes on the socured�dehi r �, , ` .�
<br /> payments Lendar receives from Borcow •
<br /> � exciusrve of interest or principal,seco�d to�nterest,and then to principal.If part�af prepayment of the secured debt oceura for any reason,it w�i► , ,
<br /> not redv�e or axeusB any schaduled peymant uutilthe cS�red debt�s pa�d�n fuli. ,.
<br /> ; p ' i.—
<br />• 2.d�AQ� �.Bbrto+n�mr Nr�pBw�to�•��e I en ouf tti s deed of Vus.Lendeb maayeequtre Bo oewer t hass gn any r g�lhtsec�ams or [ '
<br /> � to the proDa*N aga��d^Y da s, Z'� P Iabor or materials to improve or maintain me propem E � -� �
<br /> j defenses which Bonowef rtlbVhave•against Varttes•Whq suGPh+ f --
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<br /> � S,►nsurarfee. 8onower will keep the properiy�r�sured under terms acCePteble to Lender at Borcower's expense and for Lender's benefrt.A��
<br /> insurante Dolicies shall include a standard mortgage clause�n favor ot Lender.Lendar will be named as loss payae or as the insured on any such � . =�-
<br /> • or to the�seCU e dabt If Lsnder equ�irees ortg ge Pr su ance,Bono errag ees to meintaen such insueran e tor as long as Lendera equves roperty
<br /> q,proparty.Bonowar will keep the proparty in good condiUOn and make all repairs reaconably necessary. : - - ;. _
<br /> 6,Espanaea.Borrovler agrees to pay alt Lender's expanses,inctuding reasonabte attorneys'fees,if Bonowar trreaks any covenants in this deed ` _
<br /> of trust or in any obtigation securad by this deed of vust.Bottowar will pay these amouats to Lender es provided in Covanant 9 of this daed of
<br /> trust. � • • —
<br /> s8cu�rttySMar�osts Baotto�wer�wil�l parform all of Bortower�s o gation�s unde any�p or mortgage�deed of�Vust or other security agreement� � � � ' f�
<br /> • including Bortower's covenants to make paymertts when due. � . • �-.
<br /> . o��T�9�wrpR9�°���Bajj�t andsre aint�e rerttstas long as Borrower s notPnPdefa n�If Bo ower�defaudtts�.LendarvLenders ; .
<br /> agent, or a court appointed receiver may take possesnion a��urt costs and at omeys'�ees�comm�u ns t r enta,agents, and any ofther • ,•,�,�_
<br /> applied first to the costs of manag�n�the proyerty, � cludi �. , '
<br /> ` nacessery related expenses.The remaming amount of rents�ti::::hen app1Y to paymertts or he secured debt as provided in Covenant L � '��,,,ry_—
<br /> �''j S.Lnasehofda•Condaminluma:P�enned UnYt Qevelopmertts..Banower agrees to compIY+n':"�:"�a Provisions of any lease if this deed of ttust is on ' . , .,�,;,.
<br /> a leasehotd.If this deed of ttust is on a unit in a condom�nium or a planned unit develc�Tant, BoROwer wilt pertorm alI of Bortower's duties , :, , r.�
<br /> unQer ths covenants,by-taws,or regulations of the condominium or planned unit davelopment. , ` �ti_�t`
<br /> 9.AuthorltY c`B.�nde to Pertorm Tor Borraws�.If Bortower fails to per[�-:�a�y of Borrower's duties uader this deed of trust. Lender may �`. ' :�
<br /> perform the duties or cause tham to be performed.Lander may si8n Borrc�tiar's name or pay any amount if necessary for perfortnance.ff any ; �-i
<br /> • construcUon on the VroRerty is discontinued or noi carried on in a reasonabte manner,Lender may do whatever is necessary to protect Lender's � '�-��;',
<br />• securihr interesc in tfie propertY.This may includa completing the construcNon. , . _ __�� :
<br /> LendeYs failure to perform wi0 not preclude Lender from ex�ising any of its otfier rights under the law or ihis deed of trust. ; �;
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<br /> and will b ar�inte�est fromdthe date of th R�ent unU p id in fult at�ths interestaate n effect on tfie ecured d bt unts will De due on demand ; , � � `
<br /> ' �p, p�}e�t and Aecdsredon. If Bor►ower tails to make any paymertt wheo due or breaks any covenants under this deed of trust or any •���� . ;-.
<br /> ' obligation secured by tfiis deed of trust or any prior mortgage or deed of uust,Lender may acceterar;�b�s Iaw rity of the secured dobt and
<br /> , demand immediate payment and may invoke the power of saSe and any other remedies permittad by app' Y� : � _
<br /> 11.Request tor Notics of D�fault It is hereby request�::'�:copies of the notiees of defauh and sale be sent to each person who�s a partY . . , ' r ;
<br /> hereto,at th3�dress of each such person,as set forth he►em• } . ' ���.�
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<br /> ` '� 12,powsr c:�aals.If the Lender invokes tkx aawar of sale,the Trustae s:x��first record in the office of the register of deeds of ea�'xunty 'rr;�•��_. „� ;�-'-
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<br /> " f wherein the trust property or some part or��t thereof is situated a notice of defauft cflmainingereto�a�nd o otheQ pe sons�as C sa'i ed by ����� 1 = •
<br /> shalt atso mail cop�ea of the notice of defau:t to the Horrcv�+ar,to each person who is a party h ,�y`��••��
<br /> 'i applicabte law. Not less than one month atter the Trus:ea records the notice of defau;t, or two monffis if the trust��ert1+ is not in any ; S!� ,
<br /> ncorporated city or village and is used in farming operaU�ns carriad on by the trustor,the Trustee ahall give public not�a4 sale to the persans � .
<br />:-,+ �� and in tAe manner prescribed bV appplicahtQ Iaw.Trustee,without demand on Sonower,sfiatl soll the property at pubLa auction to the highest ' .��"�'r , ;�;-
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<br /> bidder.If required by the Farm Homestead Protection Act,Trostee shall oNer the property in two separete sates as required by applica6te Iaw. _- •:. i� �!,.5:;� .
<br /> Trustee may postDcne salo of all or any parrPl of the propertV bY Pubtic announcement at the tlme and place of any previously scheduled sela. . _;N � :*, ,�� '
<br /> Lender or ke Eesignee may purchase the pTC?enY at aoy sale. "' "�(. �
<br /> Upon rece�At of paym ant of the prlce bid,Trustes ahult deliver to the purchaser Trustee's deed conveying the property.The rec'rtia l s contained in . : j�j '
<br /> Trustee's deed shall bo prima tacie evidience of the truth of the stateme�ta contained therein.Trustee ehall appty the proceeds of the sate in the „��,
<br /> foltowing order. (a) to all expenses of the sate, including, but not limRed to, reasonable Trustee'� teea, reasonable attome}/s tees and �i•.,.. ��Y___.
<br /> re(nstetament fees;Ib)to all svma secured by this deed of trust,and(c1 the balartce,rf any,to the persons Iagally entklad to recaive ii. _ ��,_,
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<br /> , 13.For�doar.a.At Lender's option,this dsad of trust may be foreclosed�n the manner provida by appticabte law for foreclosure of�r.�rigeges �. .i.��� ..,`._�.
<br /> on real prop�a^�,• �� �
<br /> 14.tntp�ctlon•Lender may enter the propa::'{i to inspect it If Lender gives Borrower notice beforehand.The notice must state the reasonable ' . ----�
<br /> cause for Lender's inspection. . �'' rt '
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<br /> � 95,ConC�r.�.natlan.Bonower assiqns to Lender the proceeda ot any award or ctaim tor Qa:-�agos conneeted with a co�:��nation or other taking • 'F ��;_':
<br /> of all or a:c�;art of tha proparty.Such��eda wilt be applied es provided in Covenant 1.This assignment is subject m the terms of any prlor ,�r:`:j
<br /> ,.,�' security a�o��+ent. �'�'-
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<br />' 18.Wctver.By ezerclsing any remedy avai:aDte to Lender,Lender does not give up any righta to later use any other remedy.BY not exercising
<br /> any remedy upon Borcowers dataulL Lender doea not waive any rigM to later constder the evant a detauft if it happens again. . . .'��___—
<br /> 17, Jol+�t�nd Ssv�nl IJ��y Co-sl��rs; Suecuson i+nd Asslyns Bound. All duUes under thls deed of trust are joint and sevaral. Any .. -:_,,- f�;;�-~
<br /> Borcower w!r� co-signs thi� deed oi uust but does not co-sign the underlying debt instrumomtsl does so only to g�ant and convey that
<br /> Bonower's n'Erest in the property to U:s Trustee under tho terma of thts deed of uust.In additlon,such a 6onowor agreee that the Lender end
<br /> any other 3a�awer u�der thia deed of 2�wt may extend, modifv or maho any other changes in ffie terms of this deed of uust or the secured _ _�;: �.
<br /> debt wittr.o_�'�at Borrower's consent a-rt�ar•thout releasing thet�Borrowo-`°�m the terms of thls deed of uust• . • •
<br /> The duties and benefrts of thls deed of tr�t shall bind end benetit the s�r�ssora and assigns of Londer and Bortower. ��
<br /> 18.Hotle�.Untesa otherwise reCuired by taw,any notice to Borrower shall be given by Celivering it or by mailing it by a.�`ied mail addressed to • • •
<br /> •,.i Bonower at the pro erty a�dress or s�y other addresa that Borrower has g&en to Lender.Bonower wtlt give any r�c':�.�so i..ender by certified .
<br /> • be sent oryl.w^�der'e&ea e�s ea�i�a Qr�i�p 8e 1 of his Qeed of trustther addtess whlch Lender ha�designated.Anv d°'��otico to Lender ehall _
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<br /> � Any notiea shal!be deemed to hava been given to Borrower ot Lender vr"r_�given in the manner stated above. , , , �_.
<br /> 19.Tnnsttr of tM Property or a Ben�flelal Itrt�rtat In ths Borrow�r.If all or any part oi the propertV or any interest in it is sald or transterred •
<br /> � without Lender's pnor written conserrt. Lender may Qemand immediate payment of tha seeured debt. Lender may ulso Jemand immediate , __.
<br /> demand paymenein theaabove s'ttuations�if rt/a p ohlbfted�y feQeraf law a9 of the date ot thia deed�of�truat nsferred. Howover, Lender may not . _�
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<br /> 20.Reconvayanc�.�Nhen the obligetion secured by this deed of trust has been paid,and Lender has no turthet obtigation to mako odvaneea � , , -
<br /> undor the insuuments or agreementa secured by thfa deed of trust,the Trustee shall,upon written request by the Londer,reconvey the trust
<br /> . propertY•The Lender shall deliver to the Borrower,ot to Bonower's successor in intorast,the trust deed and the nate or other ev�dence of the ,
<br /> obligotion so satisfied.Borrower shall paV any recordation costs.
<br /> 21. Suee�ssw Trwtse. Lender, at Lender's option, may romove Trustee and appoint a successor trustee by first, maiting a copy of the . _ �;
<br /> , � substitution of trusteo as required by applicabte law,and then,by filinq the substitution of trustes for record in tho oftice of the registot of deeds
<br /> succeed to aIl ihe DoWe td��es euthoet�y and tito otthe Trustee ameden the deed of trust and of any successor nustee,of the property,shall
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<br /> � BANKEflS SVSitM,.�Ni..Si Ci6:iD.i%»i e:.3i':!.:�^397 23���cnaq n[O�AT6NE 8�199� _' ' .
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