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<br /> : , � � covau�w*s 9�'� ��`���1 � _
<br /> ' 1. Paymeme. Borrowar agrees to make atl paymems on me sscured dabt when due. Untess Borrower and Leader agree othervvise, any �•�t.
<br /> � F . . � paymer�Lender receives irom BaROwet or fat ower's benefit will 6e apptied first to arry amourrts Borcower owas on the secured debt • _ :
<br /> , exdusae ot iMerest or pri�dAai,secand to Inter��t. d thert to principaL tf parttal prepaymeM af the secured debt occvrs tor any reason,it will
<br /> 5 c . •• not reduee ar excuse arry scheduled paltmeM u n t'I,th�seeured debt is paid in tull.
<br /> � ' ' z,paiRU pgytnst TfCe:Bortower w81 pay a!1 taxes.e�sessments,and other charges attributabie to thepropertyr when due and will defend tiUa . , •. .
<br /> � to the propercy aga�nst any da+ms which wou►d impait the Iien of this deed of trust.Lender may requue Horrower m assign any rights,etai�a or (,
<br /> � Gefertsas wAieh 8ortower may have egainst Varties wAo s�+AD�V�abor or materiats to improve or mau�in tAe property. � ��`.
<br /> , ' 3,(nswanse.Bonowet witl keep the property insured under tertns accepta6te to Lender at Borrower's experue and for Lender's benefrt. All � t
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<br />"5 � , , insurana policies shall indude a standard mortgage dause in tavor of lender.Lender will be named as toss payes or as the insured on any sueh ••
<br /> '` � insurance po6cY.My insurance proeeeds may 6e appGed,within Lender's discretian,to either the restaration or repait ot the Qamaged property
<br /> � . - or m tles seaued Aebt It tender requ'aes mortgage msuranee,8ortower a�ees to maintein such insurance tar as long as Lender�equires.
<br /> .:, � , ' 4.Pmporty.Borrawer wiG keep the property in good wndition and make all reDairs reasonabty necessary. ; . �
<br />:� � �r`' �i 6.E=ponacie•Borrower agreea to pay atl Lender's enpe�ses,inctuding reasonable attomeys'tees,if Bortower breaks any wvenanis in this deed �'`'
<br /> ' " � ' of trust or in any obiigation aecured by this deed of uust.Borrower adll pay these amounts to Lender as provided in Covenant 9 of this dead of _ _ .
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<br /> - -_ � trusi. . '
<br /> �v' ' 4 6.PHas Sewrity Irtteresta•UnJess Boaower fhst obtains Lender's written consent,Borcower wiil not make ar permit any changas to any prior ' �
<br /> __ , , , � , � security itrterests. Barrowar wi0 pe�torm aii of Borrower's obligations under any prior mortgage,daed of trust or other security agreemerrt.
<br /> � induding Borrower's covenanis to make paymeMS when due. ,
<br /> �,• � 7.AssigmneM of Rer�q e�Pratiea.Boaower assigns w lander the rents and profits of the property.Unless Borrower and Lender hava agreed � �
<br /> offierw sf e in writfng,Borrower may wtlact and retain the rents as tong as Borrower is not i�dafeufL[i Barrower defauhs,Lender, Lender's
<br /> 1,i . . � a 8ent,or a caurt appoiMed receiver maV take possession and manage the property and collect the rer�ts. Any rerts Lender cotlects shali be
<br /> �:. , ' � applie0 first to t h s costs o f manag iny t he p r o p e r t y,i n c l u d i ng c o u rt c o s t s a n d a tt o m e y s'f e e s, c o m m i s s i o n s w r e M e l a g e n t s, and an y other � _
<br /> � �ecessery related expenses.The remaming amount of rents vin'll then apply to payments ori the securod debt as provldad in Cavenant 7. � ;,.�'. �'�
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<br /> --�� � g,Leeseltoids•Condurniatums;Ptanned Urut Devetopmesrts.Bortower agrees to comp{y with the provisions of any lease if this deed of trust is on
<br /> �, , a Ieasehold.ff this deed of trust is on a unit in a cundartunium or a planned unit deveiopmern. Borrower wiU perform all ot Borrower's Quties '_i_-�
<br />,:5�`, � _� under the covenaMS,6ydawa,or regulattons of the condominium or planneA unit developmerrt. � -,
<br /> .- g,p�d�or�of{,ender to pertorm tor Borwwer.lf Bortower faiis to perform any of Bortower's duties undor this deed of trus�Lender mayi ; °;'
<br /> perform the duties ar cause tfiem to be performed.Lender may sign Bortowers name or pay any amouM tf necessary tor peAortnance.If arry `�� ;� _
<br /> �;� • . • � cor�sLmction on the property is discontinued ar not carried on in a reasonable manner,Lender may do whatever is necessary to proteat Lender's __
<br /> 'i< ' , seanity irtterest in t he property.This may indude completiag tAe consuuction.
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<br /> � . . � � Lender's faiture to pertcmi wiU not predude Le�der irom exercising any of its other rigfits unde�the law or this deed of trusY. ��;:--��
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<br /> _.`R AnY amaur�ts paid by Lender to protect Lenders security interest wiil be seaaed by this deed of Uust.Such amour►ts wiil be due on demand �.: ;_,,�_,
<br /> �J ' - - � and wiU bea�interest trom the date of tha payme�t unUl paid in fu(t at the intetest rate in ettec[on the seeured debt --
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<br />'"k`�' � 70. Oafa�t end Aeceleradon. If 8arrower fails to make any payment when due or breaks any covenants under this deed ot uust or am/
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<br /> ;, obligation secured by this deed of trust or any prior mortgage or Eeed ot trust, L en der may acce lera t e t he ma t u r i i y n f t h e s e c u r e d Q e b t a n d � °'
<br /> .; , demand immediate paymertt and may fnwke the power ot sate and any other remedies permitted by appticabTe law. "
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<br /> ,�•c � 11. est tor Notlee W Defatdt.It is herebY re4uested tfiat copies of the noUces of detauit and sale be serrt w eacF�person who is a party '� '"a:r::,
<br /> � ` `� 1 hereto,�at the address o}each such person,as sat forth herein. �-�;_:�_'
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<br /> i 12.Vowes of Sate.!f the Lender inwkes the power of sate,the Trustee shali flrst record in the office of the reglster of Qeeds of each coumy , �___
<br /> `' wtierein the trust ptoperty ar same part ar parcel thereof is situated a noUee of defauk cornaining the infarmation required by Iaw.The Trustee ''�r-:,-'=
<br /> �t:i . _ Y • � _ { shall aiso mail copies af the notice of dafautt to the BoROwer,to each person who is a party herew,and to other persons as prescnbed by _ `"� ��+,
<br /> appiicab(e law.Not less than one morrtfi after the Trustee records the notice of defauft,or two months if the trust property is not in anY �#�`���" `
<br /> -'�:= incorparated city or viitage and is used'm farming aperations prrled on by the uustor,ffie Smstee shall give pubilc notice of sale to the persons ..sr��l'�
<br /> � • • � ' � and In the m�ner presai6ed by�apppiicable law.Trustee,without demand an Boaowe►,shall sell the property at public suction to tfie higheat `. 4i� - •
<br />,'y'� . , _ . bidder.If requaed by the Fartn liomastead Protection Act,Trustee shall oHer the property in two separate sates as required by appliaabie faw. ,; �--
<br /> Trustee may postpone sate of all or any parcei of the prope�ty by public announcemeM at the time and place of any previously scheduted saie.
<br /> ' Lender or its designee may purchase the propeRy at any sale. � .��=r•
<br /> � • Upon recetpt of paymert ot the pdce bid,Trustee shall deilver to the purchaser Trustee's Qeed conveying the propertyr.The reeitiats contained in �'=`=�,:;
<br /> � . ��. Trustee's deed shall be pflma facie evidience of the uuth of the statemerrts comained thereM.Trustee shall apply the proceeds of the sats in the - ,;,,_
<br /> . .._�,_. � following orQer: (al to all expenses of the sate, incieiding, but not tlmited to, reasona�le Trustee'e fees, reasonabts attomay's !eea and ��:,-:
<br /> reinstateme�t fees;(b)to all sums seeure0 by this deed of Vust,and(C)the balance,H any,to the peraona IaBa��Y entitled tn recetve it. �_%�,-
<br /> • � 73.Forecfasiae.At Lender's optlon,this deed ot uust may be forectosed in the manner proviQe by appiicebte law for torectosure of moRgages �"��.'I
<br /> , .s an real propeRy. .'�'�,-,.!-,'
<br /> ' �� 14.(nsDectFon.Lender may e�ter the property to inspect it if Lender gives Bortower notice beforehand.Tha notice must state the reasonabla �,.
<br /> . cause for Lender's inspection. � ,.��
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<br /> '° '' � � 16.ConQemnation.Banower assig�ns to Lender the proceeds of any award or ctaim for damages cannecte0 with a wndemaation or other taking : • 7�'
<br /> �, � ot ap or any paR of the property.Such proceeds will be applied as provlded in Covenant 1.Thfs assignment is subject to the terms ot any prior .
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<br /> ' . ' securityagreement. , �• �
<br /> • � 18.Watver.By exe►cising any remedq avaitabie to Lender,Lender does not give uD any rights to Iater usa any other remedy.By noi exercising `"
<br />.',.'•���` • . ' any remedy upon Bonowe►'s detau(t,Lender daea rtot waive any right to tater consider the avent a default if it happens agein.
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<br /> "� � 17. Jo1rK and Saveral Uebfiri• Casigners; Succesaora and Assigns Bound. Ail dutiea under thia deeC ot Vust are joint and aeveral. My .. ; �_
<br /> ,i• �� Boaawer who co-signs this deed of vust but does not casign the u�deriying debt insuumentls) doea so onty to grant and convey that • �
<br /> '• � • Borrower's interest in the property to the Trustee under the terms ot this deed of trust.tn aQdition,such a Borrower agrees tAat the Lender and • '�' � .
<br /> `�` � any oiher Bonower under thls Aeed ot uust may extend,modi�or make any othar changes in tfie terms o!this deed of Vust or the socured
<br /> • ±�� � debt without that 8or►ower's conser►t and wlthaut releasing that orrower irom the terms ot thia deed of trus� , •
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<br /> �. • � � The duties and benet'rts of this deed of trust ahali bind and 6enefit the successora and assigns of Lender and Bortower.
<br /> � I 18.NoUee.Uniess otherwise requlred by law,any notice to Boaower ahall be given by delivering it or by maiiing It by certitled mail addressed to .
<br /> =:,i;.•''� Borrower at the pto�erty address or any other addreas that 8onower has given to lsnder.Borrower wfll give any notice to Lender by certifled
<br /> ' mail to Lender'8 addresa on page 1 of thia deed of trust,or to any other address which Lendor has designated.Any other notice to Lender shail .
<br /> �1 be sertt to Lender's address as atatod on page t of this deed of trust. • �
<br /> � Any notice shalt he deemed to hava been given to Borrower or Lender when given in the manner stated ebove. '
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<br /> � 18.Transfer of the Proyorty or o Boneflclaf(ntorost ln the Boaower.If ail or any part of the propertv or any interest in it is sotd or uanstened . � ,
<br /> . � without Lender's prlor wtitten wnsent, Lender ma/demand immediate payment of the secured debt. Lender may also demand immediate . . . .
<br /> demand a menBin the a6ova situationsilt i1 is80 ohibted be fedeial law as of the date�o!thia Qeed�of trusL�s�erred.Howevet, Lender may not
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<br /> �- i 20.Recanveyenee.When the obiigation secured by thia deed of truat has been paid,and Lender has no tunher obligetion to make edvances ,
<br /> ' under the insVUments or agteements secured by this deed of trust,the Trustee ahall,upon written request by the lender,reconvey tAe trust �
<br /> � property.The Lender ehall detiver to the Borrower,or to Borrower's euecessor in interest,the trust deed and the note or othe�evidence of the •
<br /> � ob6geYion so satiafied.Borrowet shall pay any recordation costs.
<br /> 21. Suecessor Trustee. Lender, ai Lender's option, maV remove Truatee and appeint a successor trustee by flrst, maiiing a copy of the
<br /> substYtution of trustee as requlred by applicabte law,and then,by fiting the substitution of uustee tor record In tho oHlce of the register of deeds .
<br /> �� of each eounty in which the trust property,or some pan thereof,is situeted.The successor trustee,wlthout conveyance of tho property,ahal) .
<br /> � � � succeod to all the power,duties,authority and titte of the Trustee named in tho doed of trust and of eny successor Vustee.
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