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<br /> • 1_ Payme�. Borrower agrees to make all pay►rients o�ift9 seeurea+QeCt wRee d1s�.J�W� Bo►rower and Lertder a�8e otherwise, arrir
<br /> � , paymerts LRr�der recehres trom Borro�nrer or tor Bortowe s bonefit wili be apptie4�firat��amuuMS Bortower owes on tha sedued debt
<br /> � �. e�cctusiva of unerest or principal,seeond to icrterest,and tl�ent�pri��B a!�?�I partiel" e a t the seaued deht qecura for any reason,it wUl
<br /> �; ; rtot reduee or excuse any achedlQed paymerrt uiml tha se ed d�bt7�pasa�d RM= .
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<br /> . ' , y�qgatnst TEBe.Bocsower w�pay aU taxes. essessmerns,end other charges aurbutebte w the property wiien due�nd witi Aefend title f ,:•��, -
<br /> • ` �t,r tar the D�D�rty a ��Y�s whteh�vould imaair th°iien of tiUs daed ot VusL Ler,der may require Borrower to essign anY riShts,ctaims ar
<br /> �, .1 detenses wfitah orrower moy have,against paRtes who suFpN Sabor or materiats to im�rove or maintain the D�operty. '� ;
<br /> ` " �� ,,�1 S_1 n s�s t a n c e.8 o rt ovirer w�ic�e p ihe p r o p e t t y Insured unde�terms acaeptabla ta 4ender at 6ortowefa espanse and for l.ender's 6anefiL Atl �`' Y .s �-
<br /> ` (� . • �'� (rs�aarfee pollcies shaD indude a stanQard martgage dause I n f a v o r o f L en der.l e n der w i l l be n a rt t e d a s l o s s{y a Y e e o r a s t h e i n s u re d a n an y s u e h e°,. `�
<br /> Insyrartce poficy.My insuranes praeesds may 6a appGsd,witNn Lenders disaetion,to e'tther tfie restoration or repair of the damaged praDertY
<br />:� or to ttte seavfld debt.f!lender requtres mortgage�nsuranc:e,BQROWBt 8gf888 tb�P18iiti8lD SUCh i�SW8�1C8}Q!89(0lig 8S LBriQBf tBQUif@S. � ��. ���
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<br /> =--�"` 4.Rroperty.Borrower w�l keep the prayerry in good eondiflon and make aU repatrs reasonabry neeessery. � T`���
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<br /> �1 y 6-6�anses.8orrower agrees to pay ell Lentler'e expenses,inctuding reasonabie sttomeys'tees,it Bortower breaks eny eovenarts in thl�s deed `
<br /> _` ._�� of trust ot in any obtigatian seaaed by thfa deed of Uust.Borrower v�nll pay these amou�to Lender es provided i�Covenant 8 of this deed of
<br /> •� tntst. _ ' •
<br /> . : 6.Prtar Seanity IMereste.Unfess Bonower ffirst obtains LendePs written eonseni,Borrower wiU not make or perrnit any eRar�ges to any pda ��•
<br /> sep�My�terests,gprrp�yer wiU pet(prm g11 0}Bcrrower's obGgaUcns under arry pdar mortgage, deed of trust or other security agreement,
<br /> _ tnctuding Bo►mwefs wvename w make paymeMS when due. F�� �
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<br /> 7,pesigmnent af Ret�end Profita.Bprtower essigns to lender ffie rertts acM profits of the praperty.Unless Barrower and Lender have agteed
<br /> �= � � o'therwise in writing, Bortower may wUect and retain the rertts as long as Borrower is not tn defaulL if Sarrower detauits,Lender,tendsr's , �.
<br /> . agent,or a caurt appointed receiver may take possessicn and manage the properry and wnect tAe rents. Any rer�Lender coRects shaD 6e .,±,,t_
<br /> I` �� :.,`'� ReP�ary retaed w�en�ses tTha�mainin�g amouD ntnct �v+du c�ourt co'�anp�e�on�th�c��ued debta�s prov�ided ingCo�oa i�t�y�r • `:.. .
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<br />.-, � S.Isasehoids•Condomtnhm�s:Ptanned UcJt Deveiaymanm.Borrower agreea w compty with tfie pcovisions of amr tease if this deed of trust is on . : _�°+
<br />;� � ' a Ieasehoid.If this deed of uust is on a unit in a conQominium or a planned unit davelopmern.Borrower u�rilt perform all of Borrower's Qutiea �,�,; _
<br />- • . under the caveaants,by-laws,or regutations ot the condominium or pla»ned unit deve[apme�rt. _
<br /> •y, � ,� 9.Authartty►of Lendes m Pe�(arm tas Barra�erer.ff Bormwer faiis to oerform arry of Borcawer's duttea urtder this dead ot trust,Lender may � _
<br /> ' � perform U�e duties or eause them w be perfartned.Lendet may sign 9orrower's name or pay arry amaunt if necessary far peAarmance•If arry �.
<br /> • consuuction on the property is discorrUnued ar not carrted on in a reasortaEfa manner,Lender may do whetever fa rtecessary to proteet LenQe�s ,:� , _
<br /> � -�;' security i�rcetest in ths D�oPe*N.Thls may induEa comptettng the construction. .. ,._; '..__
<br /> i ;� . [�°� Lenders faihue to Derform�nnll not predude Lender from exercising any ot its other�igfits undet ths law cr thia deed of trus�t. ' ��" �-�
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<br /> • . . .,.:�; Arry�aurtts paid by Lender to OroLect lender's securFty irt0erest wiU be secuted by thL3 deed of Vusi.Such amounts innll be due on demand __ � ���:
<br /> �`; . � � ,' and�n'tl6ear interest trom tha Qate of the paymert�mtil paid in fu0 at the irtterest rata in eHect oo tha sewred debt.
<br /> � �" a0.Oetmdt and Aaceteretian.It Banower fails to make amr paymertt wfien dua or breaks any eavenants under thls deed of vust or aaY � '�=
<br /> �t , demand imm die�ta payment aM may i�mtoke�power of s8aate and any othere med e dpe��lue b�yr�applipbte law II�of the secured debt and �-`�
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<br /> • . � i 1.Re�est tor Nottcs of�etautL tt ia harebY�equestad that co0ies ot ttsa notices of detautt and sate 6e sent to each person who is a parry _ _;�;
<br /> - ' .. � hareto,at the adQress af eacfi such person,as set fortb heraln. -�--
<br />- �� • � � . 9Z.Power of Sa1e.If the!ender inwkes the power of safe,the Trustee shall ttrst r�aaM in tfie ofpce of tha register of deeds of each cow�ty . � T_
<br />- ' ' � wherein tAe trust property or some part or parcel thereot is sttuated a noUce af def�it coMainin9 tl�e inMrmat(on�equhed by Iaw.The Trusme � '•r=_
<br />=` • shall atso mal copies of the natice of detauit to the Borrower,to each person who is a party herem,anA to other persans as prescrlbed bY .: :=
<br /> applicable 1aw. Not tess t h an one mo m h a f ter t he T r u s t e s re c o r Q s t h e n o t i c e o t d a f a u k.o t t w o m o n tl�s i f t h e m i s t p r o p e rt y f s n o t i n a n y ,�,�
<br /> incrorporotad city or vDtage and is used in tarming oper3Uans qrried on by the trustor,the Trustee sha11 ghre pubtic notiee of sate w the persons : ' '
<br /> a n d I n t h e m a n n e r p r e s c r i b e d b v a p p p l i p A l e f a w.T r u s t e e,w ft ho u t d emand on Bortower,shaft se(1 the prope rt l at publlc auction to ths hlghest ;�
<br /> � bldder.If required 6y the Farm Homestead Protectlan Act.Trustee shall offer the property in two separate sa fes as requfred by appGcabte Iaw. ,r.�s f i �r.
<br /> • T r u s t e e m a y p o s t p o n s s a l e o 1 e l l o r a n y p a r c e l o f t h e p ro p e r ry b y p u b l i c a n n o u n c e m e n t a t t h e t i m e a n d p t a c e of an y previoust l y echeduted safe. =_
<br /> � • Len�er or its deslgnee may purchase the property at any sale. ' __
<br /> � tJpon reeeipt of paym ent of the pNce bld,Tnistea shatl aeliver to the purchaser Trustee's deed conveylng the property.The recltiats cor►ta3ned in
<br /> � � � T�ustee'e deed shall be prtma facie evidience of the uuch of the statemema corttained therein.Trustea shatl apply the proceeds of the sate in the Tr r �_
<br /> � - - foVowTnB order: Ia) to a0 expenses of the sate, including, but not limited to, reasona4te Trustee's fees,reasonabta etmmsy's tees and -_
<br /> • reinstatemertt feea:(b)to af!suma secured by thta deed of trust,and fc)the balance,if any,to the Oersons tegalhr enUtted to receive R. ; =j�-
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<br /> 43.Foredosure.At Lender's option,thia deed of uust may be foreelosed in the manner provide by applicabte Iaw for torecfosure of mnrtgages �� '�•"
<br /> . � , on real ra f'�`'
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<br /> • • 94.tn�pectlon.Lender may erter the property to inspect it ff Lendar givea Bortower noUce betorehand.The notiee must state the reasonable .�
<br /> eause for Lsndsre inspectfan. � �
<br /> i ` .' � • 16.Candamnadon.8ortower assi gns to lender the proceeds of any award or clalm tor damages wnnected with e condemnation or other taking � '
<br /> � ' of all or arry part of the property.Such proceeds will be appHed as provided in Covenant 1.This esslgnmens is subject to the terrt:s of any prior „ ,_
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<br /> - , secutity egresment. . , -
<br /> i8.Waiver.By exercisng any reme avaitable to Lender,Lender does not give u any rights to later use a�y othar remedy.By not euercising ' -
<br /> � am remedy upon Bonower's defautt,�ender does not waive any rlght to tater cocuPder the averrt a detault H it hapOens again. ,-..
<br /> -`I: . : 17.Jafit and Savoral tta6NM, Co�slgnere; Suceessors and AnsTgna Baund. All dutiea under thla deed of vust are joint and several.AnY •
<br /> Bonower who casigns this deed of trust but daes noi co-sign the undeRving Qebt instrumentts) Qaes so onty to grant and wmay that
<br /> Bonower's interest In the ptoperty to tha Trustee unQer the terma of thts deed oT trust.In addition,sueh a Borrower agrees that the Lender and .
<br /> • � � � ' � any other Borrower under thia deed of trust may extend,modliy or ma&e any other chengea in the tertna oi this doed of Vust or the secured
<br /> �; � •
<br /> debt wittwut that Borrower's consant and without taleasing that Bortower trom the tetma ot this deed of wst. �
<br /> � ` The duties and benefits of thla deed o!trust shall bind and beneflt tfie successors and assigns of Lender and Borrower. •
<br /> � ' � 18.Hoflee.Untess otherwise required by law,eny noUce to Borrower shall be given by delivering it or by mailing it by certlfted mail aQdressed to i;;�. .
<br /> � Borrower at the proDerty aQdress or any othor address that Borrower has given to Lender.Borrawer w�ll give any notice to Lender by certlfled
<br /> �•• mail to Lender's adOrese on page 1 ot tfds deed of vust,or to any o�er aAdresa which Lende�has destgnated.Any other notice to Lender shall • ,
<br /> ' • . � be sent to Lendera addresa as stated on page 1 of thia deed of bust. : � '
<br /> � • Any notice shat!be deemed to have been given to Bortower or Lender when glven in the manner stated aEove. , _ �� .
<br /> • 18.Traiufor at the Property ar o BonoflelN tntorest In tho BoROwar.I!all or any part of the propertv or any Intereat in it ia sold or Vansterce8 "
<br /> ' wlthout Lender'e prior wrttten consent,Lender may demand immediate payment of the secured debt. lender may atso demand immediate . • .
<br />. � � demand paymentln the ebiove e(tuatlono,f ipls prohibrted by f deiel law as o!the dagte ot thes deadfo!�uatanstarced.However, Le�der may not • . ��
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<br /> � 20.Roconveyonce.When tho obllgetion secured by this deod of truat has 6een paid,and Lender has no tuAher obllgation to make advances .. ' �
<br /> - � � unEer the inrnumerrta or agroements secured bY thts deed of vust,the Trustee shall,upon written roQuost bY tho Londer,reconvey ihe trust
<br /> , .� � pro➢eny.The Lender shall deliver to the Borrower,or to Borrower's suecessor in iniereat,the trust deed artd the note or other evldence of tho
<br />- . � ob6gation so eatlsfled.Borrower shalt pay any recardation coste. . .
<br /> 21. Sueeos�ar Trustee. Lender, at Lender's option, maV remove Trustee anA appoint a suecessor trustee by first, maiting a copy of the
<br /> , . � substitutlon of vuatee as required by applicatAe law,and then,by filin$thg subsUtutlon of trustee for record in the oMico of the regiatet ot Ceed9
<br /> � . .{ of each county in whlch the trust property, or somo pan thereof,Is snuated.�he auccessor trustee,wlthout conveyance ot the property,shall
<br /> _. sueceed to all tha power,duties,authority and titlo of the Trustae named ln th deed of vust and ot any sucaessor trustee. „
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