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<br /> t, psymertm. Borrower agrees to ma&e all paymerta or+ the sacured debt when due. Untess Bortower and Lender a�ee otherwise. anY �.
<br /> � -• ` payrtnertta Lender receives Bom 8ortower ar for Bortower's hensfit wEil be apylied first to any smowrts Borrower owas on ths secured debt , ,� .
<br /> exdus�ve oi inter�st or principa�,sewnd m interesL an0 then to prltecipal.If par8al prepaymet►t of the seeured debt occurs fGr anY reason.tt witi .-wr.' •�., ::
<br /> . . not teduee or excuse any seheE�eB P��nt until the ascured d¢b!is pald in tull. : ;;c� ��
<br /> ., < • ' 2.fdatma ASeinst Tifto.BottClNer wiU PeY ait taxe.e..�ess mertta,and other ctiar8es attributabte to thepropertY when dua enA wili detend titl� . .
<br /> to the ProDerty agafmi anydaims whlCtl ut i�sU t1iB p�o�tbthis dsma�e�a19 m imp ove ar m��airtua�in U�e propertYassign erry�ights,daims or < .
<br /> �� ,c, . - . detenses whid�Horrower r,�ay.hav�a�9 . •+� . Q;� , . �
<br /> --�-T �� tmder terms aeeep2abte to Lender at Bortower's expense and far Lenders benefiR.Atl ` �
<br /> >'�,r. . � 3.t�sussnee.8ortowar vu0li�eeD'�O�Gert9'���
<br /> insurance potieiea shalt include e standard mo age dause in tavo�ot tender.l.ender will be named es toss payee or as t4�e irtsuted on any such � �
<br /> ' � or to�ttre`se�'�aed�bt(11-�end P quUes$mo�nBe88 i�pnsuran��owor egr�e�es«w mairt�ae6�su�ch�ins��f or as tong as I.eneder�equires���� . -
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<br /> ' � .. `'. 4.p�operty.Bortower will keeD�8 DroPenS►in good eonditlon end make ell repaUe reasonably necessary.
<br /> . .�{-.�---`���F . 5.6�os.Borrower a9re��PeY e�l Lender's expenses.induding reasonable attomeys'tees.if Harrower breaks any cover►aMS in this deed _� `� •
<br /> - _,_; � o}trust or in any obltgation seaued by ttils deed ot trus[.Borrower wiit pay Ehese amourns to La�der as Provided in CovenaM 9 of this deed of _- l
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<br /> . ` .j 6.Prlos Soeudty Ir�ere�.Untess Bonower firat obteins LenQera written consent,Bonowe►will not make or permft arry changes w any prior v..'•
<br /> � nd�ini g Bi o��r's cov eananrs m make Daymenta whe�Que.bligetions under a►ry Prior mortgage,deed of Vust or oiher sewritV agreemerrt, ,
<br /> l' .. .`.� 7.p�i�trtrerrt c}Re�RS¢np pco£�.Bortower assigns to Lender the rertts and proTrts of the property.Untess Borcowar and Lender have agreed � 4 ,<'.-� �
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<br />;�:- _ L ` , .. o t h e r w�s e i n w r i t i n g. B o r r ower ma y coltea and retain the rer►is as lang as Bortawar is not in defan(t.If Bortower defauits. Lender,Lenders : _
<br /> �� . agetn. or e Cotut BApotirted reeeiver may taks Russession and meaage t he prope r t y an d c o i 1 e c t t h e r e n t s. A n y r e n t a L ender co�Iects shaH be
<br /> app�ed firet to the costs of managing the property,induding wurt oosts and attorneys'tees. eommissions to rerttaf ager►ts,and any other � •'���.�';
<br /> . . : necessarY related expenses.The remaining amouM at reRts nd11 then apply to paymertts on the secured debt es Provided in Covenarrt 1. ; ;�. __
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<br /> t ' �.. 8.Lease6olda•CflndandnTums:P►mmed Urdt Oevetopmetrts.Borrower agrees to wmply with the provisiorm of anlr lease if this deed of trust is on _ �:�_
<br /> a Ieasehold.ff this deed of Vust is on a unit in a condommtum or a planned unit Revelopment,Borrower will perturm all of Borrower's duties ';
<br /> �'• --.� under the covenarits,by-faws,or regu►ations of the candomiNum o:planned unit davetopmeM. �"r�...`�-
<br /> �' :• � g.Au hor v o'J ten�'�ta Per�am'tar B°n°'x°r.tf 6crrower taUs to pertoRn erry ot Bortower's dWes undet this Eeed of trust, Lender maV � ,�'�-��,,,;;.
<br /> pedorm tha duttes o. esuse th m.�be per �rmed.lender may sign Borrowefs narta or pay enY amuurrt it neeesse►Y for per[onnance.ff arry :,, ..
<br /> � conswetion on the propariy is discortinued�.rtat carrled on in a�easonabte martner,Lender may do whaoaver is necesserS►to protect Lendera ,�.�� ' ___
<br /> � � � , � seauitl►icrterest in t he property.This may inctude comptet[n8 the construWon. }r� � ---
<br /> f,. �'f LenQer's feilure to perfortn will nat Preeiude Lender from e�cereis(ng arry of its ather rights under the l8w o►this daed of Lrust. `4�F _- _
<br /> �� � � �� Any amcu�paid by LenQer to pmtact L er►d efs sec u ri R y interest wilt be.seaued by this Aasd ot uust.Such amounts wi i t be d ue an deman d -
<br /> � � ' and wi[I hear irtterest tirom the date of the paymerrt urthi paid in full at the mterest rate ir►eNect on the seaired deirt. - -
<br /> :,: ' `. tp.Qotauft and AceateraUom If Borrower fails w make any paymeM when due or breaks enY covenasns unQer this dee d of trust or a r ry �.�
<br /> obligation secured by ffiis deed of Vust or any prior mortgage or deed of trusL Lendar may acceterate the maturitY of the secured debt and � � ��__
<br /> ' �' demand immediate peymerrc and may irnoke the Dower of sate and any other remedies permitted by applicebte law. ;
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<br /> � � • - -- -' �-,- 11,gg���Ho�e of Defmdt.It is hereby requested that coAies af the noticea of defauft anA sale be seM to each person who ia e pazty �_',_,���._
<br /> '' � �� hereto,at the aQQress of eacfi such person,as set torth herein. � "`'- `�-
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<br /> ;"<;� s : 12,Powar of Safe.N the Lender invokes the power of saie,the Trustee shall first record in the otfiee of the reglster of deeds of each county _
<br /> '` „ � wharein the trust property or some part or parcel thereof is si�ateA a notics af detautt wrrtaining����o�ef persa�i�s e8 p•��.TV d bY , _
<br /> �' 7 sAall atso mail coptes of the notice of defautt to the Borrowar.to each D9rson who is a paTty h ��n any '
<br /> ', appticabie iaw.Not Iess than ane marrth aiter the Tn�stee records the noUce o!detauit,or two moMhs N the Uust propertY is
<br /> - ��c•�` � incorporated city or viiiage and is used in farming operatians carrted on Dy the uvstor,tha Tnrstee shall give public notice of sale to the persaes .:_
<br /> , and in tha manner prescri6ed by appplice6ie law.Tru3tee,without demand an Bortower,shatl se0 the property at public aucdon to the hfghest �
<br /> r.�.' 1 bidder.if requlred by the Farm Homestead P►otection Act,Trustee shall offer the proparty in two separate safis as required by appJicabfe law. __
<br /> �' Trustee may postpune sa19 of afl or any parcel of the property by public a�nouncement at the tlme and ptace ot any pravlousty scheQuTad saie. , ,',�..;
<br /> s � LenQer or its designee may Wrcfiase the property at any eale. • ���
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<br /> � � Upon recetpt of paym ent of the pdce bid,Trustee shai!detiver to the v��e�Trustee'e deed conveying the pmperty.The reatia►s contained in ..�_.,;�_
<br />." ' . ` 'Crussee'e daed shail be prima fade evidience of the uuth of the etatements corrceined therein.Trustee sfiall apply tfie proceads ot the sefe in tha _� _
<br /> �`F'�- "' ��" ' -� toilowing order. (a? to all expenses of the sala, inctuding, 6ut not Iimfted w, reasonabte Trustea's feea, reasonabte attomeyre fees end . ',F
<br /> � �= reinstatement fees;ib)to all sums secured 6y this deed of truat,and(c)the balance,if eny,m the pereons[egatry ertitfed w recelve ft• • .�.,;_.
<br /> .I ` ' • 13.Fareclos�ae.At Lendere option,this deed of trust may be forectosed in the manner provide by appticaDie law for forectosure of moKgages • : � �°' -
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<br /> 74.fna�octian.Lender may enter the property to inapect R if lander gives Bonower notice betorehanQ The notice must state the reasonabie . � --
<br /> ; . . zause for LenQers tnspecHon.
<br />'_` `..�' , ' 15.CondemnaUon.Bonowor assi ns to LenCer the.proceo0s af any award or claim for damz9es connected witA a condem��stion or other taking .. � •;
<br /> �• of all or arry Ozrt of the property.�uet►proceeds wdl be appfied es provided in Covenarrt 7.This assignment is subjec[to the terms of any prior
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<br /> t8.WaWer.By exereising any remedv availabla to lender.LenOer does not ghre up any dghte to later use any ather remedy.By not eaercising
<br /> - • .'., � any remedY upon Borrower's Gefault.isnder Coes not waiva any rigM to latet conslQer the event a detauit it it happena egain. ; .
<br /> ':f . . ' . .� � 17.Joirn and Severa1 UahS1y• Co-slfleers;Suecosao*s an�Aesigns Baund. Ail duUea under tfiis deed of t►ust are Joirn and severa6 Any ,
<br /> Boaower who eo-signs this deed of trust Out Qaes not casi8n the undeAying debt instrumantlsl doe9 so only to gtani and convey that
<br /> . ', Borrowers interest in tha property to the Trustee under the ter,m(ya of thla daed oTtrust.t�addition,such a Bortower agreea th3t the lsnder and . :
<br /> ' � dabt without that Bo iowers�consent end wN�ouyt r te easing hat Bonowei from the terms ofethis deed o}�trust thia dead of trust or the s�ured
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<br /> The dutles and beneitte of this Qeed o!truat shail bind and beneflt the succeasors and asslgns oi lender and 8onower. .
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<br /> � 18.Notleo.Untess othenvise repulred by law,eny notice to Borrower shall be given by delivering it or by,maifing it by certi`ed mai!aQdtessed to !• •• �
<br /> � Borrower at the pro�erty address or ar�Sr other addresa that Bonowe►has given to Lender.Borrower will give a�y notico w Lender by certified .
<br /> � � .. mait to Lendor's address on page 1 of this OeeA of uust,or to any other addresa which Lender has destgnatad.Any other naUce to Lender shait .
<br /> .. be sent to Lender's addro8a as stated on pa;91 of this dee0 0}trust.
<br /> i,'•• , � Ami noUce shail be deemed to have been given�cv 8onower or Lender when given in the manner eteted above. � ' �
<br /> � ,��' 19.Transfor W tho VropoRy or o Benoflciaf Urtaraat In the Bortower.If all or any pan o?:+ie propertv or any Intereat in it Is sold or vansterred
<br /> r,: .� wfthout Lender's prior wrltten conaent, Lender may Qemand immediate payment of the secutud debt. lender may also damand immedlate
<br /> c< paymeM if the Borrower is not a natural person and a beneficial interest in the Borrower ia sotd or tranaterred. Howaver, Lender may not
<br /> �'. . � • demand payment in tho above situations if it is prohibited by tederal law as ot the Aate of this deed of uusL .
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<br /> °�� • 20.Roconvayanco.When the obligation secured by thla deed of trust has been paid and Lender has no further obUgation to make edvances ;':,
<br /> �_;- `. undor the InsUUments or agreementa secured by thts deed of Vust, the Trustee shat(,upon written request by the Lender,reconvey the trust
<br /> �., . � property.The Londer ahaU detiver to tho Borrower,or to Bor�ower's succossor in interest,the trust deed and the note or other evldonco o}the
<br /> ;� obiigation so eatiatled.Borrower shall pay any recordation eoste. ,
<br /> � 21. Successor Tmstao. Lende�, at Lnnder's o�tion, may remove T�us2ee and appoint a succeasor vustee by first, maidng a capy ot the �
<br /> �' � substituNon of uustee as required by applicabte aw,and then,by titing the substituUon of Uustee tar record in the office of the tegister ot deeds
<br /> ��� � : � of eaeh eounty tn whlch the trust praperty,or some part thereof,is situated.The euceessor truateo,without conveyance of the property,shall
<br /> �,- , - succeed to all tho power,duties,authority aad tttie of the Trustee named in the deed o1 trust and ot any successor trustee.
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