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<br /> _ . .� • .. � q, ppymocKs. Bomower agress to matco all paymema on the seaued debt when Que. Un►ass Bortower and F.ender agree otherw�o,aay . �,,y<.::: "
<br /> � paymer�lender�eeehrea from Bpttower or Tor 6wmwa�s bsrefit wil►be appliad first to anY a�tour�Bcrrower owes on ths sec�ed deAt
<br /> � , e�celusivo of irterest or principal.Beeond to i�pQd,tlu�+to.Otjnct?8�.H partia�Pre0alRnerrc of tfie Becured debt ocaus for any reason,it will ,i,'
<br /> . .., � i not redueo ar excuse any seheduied paymant a��e�{,(speiC Jn�n• ,
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<br /> s � � Z qa;ms Aaatnst Ttttr.Barrower w�pay atl t�FS�isS�8m8nfl:'brid aitmz charges attribumbte tc the properry wt►en dua ar�wift detenQ titls
<br /> . .` to tite propartifeg ttinst anVl ciafma tvMeh woufd(mpeir the lien of tAia deed of trust iender may req�ire Borcower to assign airy Hghfs,daims ar `
<br /> � '� ' , . defensea whion 8ortawet may heve ega��st D�ea who suppN�abor or materiats to improve ar maintain the Oroperty.
<br /> _ � - t. 3.t n s u r a n ce.Bortower wfll keep tho Proparty inswed under terms accepta6te w lendes at Barroxrer's exPense and tor Lendefs benefit AU .;�`�.
<br /> ° � ° � tnsurance polidea ehait indude a stenCerd mo�4gage dausa in fawr of Lender.Lender will be named as lass payee or as t'e(ns�aed on eny su e A , _
<br /> ` ���p�t i e y.M y h�urance pmeeeQa maY 6eeDDQeO,within tender'e disaeiion..to either tAe resmraUon or repair ot the EamaSed pro9ertY �• ��� � '
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<br /> or to the secure6 Qebt.tt Lender�eQutres mnrt8age i n sureace•Bortowe�agtees w ma�rttain eu c A insurence tor as tong a s L e n d e r►e q u�e s.
<br /> -� ��;,;.:j�• 4.Froperty.BoROwer wiN keep tne property In gocd conditton and make all repa'ira reasortably necessery. , .
<br /> `1. ` - ` ot tr�ust er�ln y o61c8�Uon�seC�uredY4ynth a deed of Vust eoRO e`:'wn`vev m�e emcu*�io�ie'nae°s°o o�a e�cove�°a i°s o thishd�eed of t ��: •
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<br /> ` 8.pdav Seaaity kRerests.Unless Borrawer flrst obtalns Lender's written eonsent,Borrower wiil not make or permit any cbanges to any prFar •� ,,:�' �:'_
<br /> ' . . security imorasts.B.arrawer will pertarm eU of Sortower's obligatians undar atry pdor mortgage,deed of trust or other securtty e�eement, `, �: ; -
<br /> ' � • instu�ng Bortower's eovenaMa to make paymer�ts when due. .
<br /> ` ' ` `� 7.Asstgmnan!o!Re�m+d Prafits.Borrower essi9ns to LenQor ths reMs and profrts af the praperty.Untess Bortower and LenCet�ave a�eed ;_
<br /> � '. . otl�arxnse in writing. Bartowet may coltect and ratain the rerns as long as Borrower is �ot in defauit.ff Borrower detauJts,lende►.LenQe�'s , ` _ .
<br /> agem,or a eourt appointe0 recetver may take possession and mmrage the Oroperly and wUect ttle�ts.Any rerRS Lender wtlacts sha11 he ��`_ -
<br /> --� epplieA first to the wsis ot mana g ing me praperty,indudlng eourt easts and ettomeys'fees,eommissions to re�l agents,and any otfier � `" �``T^�
<br /> ' necessary retated expenses.The remaTning amourt of rents vn'U then epply to paymertts on the secured Qebt as provided in CovenaM 1. • ".s�";
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<br /> g,L,easnfiafd�CondomIntums•Planned Unh CevelaPms+rtr+•Borrower aSrees to wmply witA the provisions of any lease H this deed of trust is ort � __ '
<br /> F�; � a feasehotd.(f tNs deed of truat is on a ur+it in e candomintum or a plannsd unit devstopmerK.Borrower witl pertarm all o!Barrawer's dutiea �• __
<br /> .� . � - uader the covanar�.byaaws,or regulations o!the condaminium or pta�med untt Qevatoame�tt. � ;,- '�
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<br /> � g.Aufhorfty uf Lm�dar to Per[orm tar Bairower. H Bortower fails to peAorm a+ry af BoROwers duties under this dead at truct, tender may ... .
<br /> ' perfortn the Quties or cause them tn be pertormed.lander may aign Bnrmwer's name or pey arry amount if necessary tor performanee.H arry �-�f��
<br /> , constructEon on the property is diseontiaued or not cartied on in a reasonabte manner,Lender may do whatever is necesser�t w protect Lends�s � �
<br /> `• 4, security�iMerest in trie yropeRy.Tdia may indude compleUng tfie oonstruction. _ —_
<br /> ` Lenders tailute to perform witl�aot prectuQe Lender from exercising any of its other rights under the Iaw or thia Qeed of trust. ."• —
<br />_`� � . ~ and veidil°be��tme�restyfrom�date��payment u tll p id t�n fu{I at�the irnerest rate in�eHect an thwe ecured dembt�.unts wiil be due on deman0 -�:(.I_;..-. �_
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<br />�s� � . . �p, pefauh an0 Qceeiffiatlan.It Borrower taits to make any paymertt when due or Oreaks airyl eavenartts under this dee8 of aust a any �'R-
<br /> � obtigation seeured by MI9 Qeed of trust ar arry priar mortgags or deed of trust,Lender may accelerate the maturity of the sectaed debt and �t�L` •�' -.'-`�
<br /> �` • Aemand Imme�ate payment and may invoke the power of sate and any other remedies permitted by a�plicebie Iaw. �� �'~
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<br /> •� 1f.Re�est to►Natice at Daf�uit!t ia hereby requesLad that wpies of the notie�a of defautt and sate be sern to each person who is a party ��,:�-
<br /> ` hereto,at the adQress of eaeh.such persan,as set farth herein. ;•�� -�"'
<br /> �� • �� ' 12.Pawcr af Sdu.tf the Lende►invokes the powar of sate,the Trustee sfiall first record in the o�ce of tho register of deeds of eseh eounty •.°?���
<br /> '�� � wherein the trust praAerty or some part or pazcel thereof is situateA a nodce of dalauit cocrtaining the{ntormaUon requfred by law.The Trostes f...,,��:
<br /> shai!a(so mail co ptes of the nottce oT delautt to the Bor►ower,to each petson who(a a party hereto,end to other parsons as prescri0ad 6y '�- ��,
<br /> s not in arry
<br /> ...+ . eppftcable taw. Not tess t h an ane mont h a f t flr t h e Tru s t ee r e c o r d s t h e n o U c e o f d e f a u f t,o r t w o m o n t h s i f t h e tr u s t p ro p e r t y i , . _
<br /> � , incarporeted city or vitiage and is use0 in farmtng aperations carrlad on by the truator,the Trustee shaii give publlc nottce of sale to ihe persans �,,:_ �
<br /> � � , , and in the rtlanner prescnbed by eppplicabte law.Tnistee,without de m a n d o n B o a o w e r,s h all s e0 t t►e p ro p e r t y at Dublio auction to the Ngfiest �:_��,_
<br /> bidder.If required by the Fatm Homestead Proteatian Act,Trustee shail oHer the pmperty in two separate sates as requiretl by aypGaabte taw. , . _ r�.
<br /> ;�� ' Trustee may poatpone sate of atl or any pareel o?the property by pubiic announcement at the tlme and ptace of any previousry scheQuted sate. , , ---
<br />,;,;.. Lender oe ita desi g nea may purehase the property at any sate. �..�:?;�
<br /> � Upon rece�pt of paymertt af the price Oid,Trustee shail detiver ta the purchaser Trustee's deed conveying tha property.The�eciUats cortained in •. .,=
<br /> " Tnutee's deed shell be prlma faae ev(dience ot the truth of the statemertts wirteined theteln.Trustee sha0 apply the proceeda ot the eale in the _;_,
<br /> • � ° toNnwing order, (a) to a0 expenses of ihe sala, including, but not IimKed to, reasonahle Trustee's fees, reasonable attomeys tees end ,;.��=_
<br /> • . � re i n s t a t e m e M t e e s;t D)t o e i l s u m s s e c u re d b y t h i s A e e d o t u u s t,a rt d(c)the batance,if any,to the persons fegally erstitled to teceiva R. . ,;_-
<br /> 73.Foreetoaure.At Lender's optfon,this deed of Vust may be foreclosed in the manner provide by appticabie Iaw far farecfosure of mortgages • � , "
<br /> � on�eal properiy. �'j
<br /> ' � 14.Ins�osdon.Lende�may errter the propeny to inspect it ff Lender gives Borrower notice beforehand.The noUce must stete ttie reasonabie . _�—
<br /> � • ,: cause for Lender's inspection. . . '---
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<br /> 76.Condamnatlan.Bonower assigns to LenQer the proceeds of aml eward or e►atm tor dama9es eonneeted with a eondemnaUon or other teking "�-
<br /> " • of afl or any paR of the propertV.Such proceeds will 6o appiied as provided tn Covenarat 1.This assignment[s subject to the terma ot any prlor , ��
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<br /> . � . -� . a y Wm d up n Banovrer a Qefautta Lende�r dtoes not waive eny rlght to Iateec�onsiderrnths ev�eat a det tauit H n happens ega(n�.�not exercising �::�.
<br /> 17.Jol�tt and Several Uab�tv Co-slBnoro; Sueeeasora end Assigns Bound. All Quties under this deed of trust are joint and S9V8f81. Any ��<;,:: .-
<br /> � � • Banowar who co-sig�s this deed of trust but does not casign the underlving debt instrumertt(sf does so onty to g►ant en0 wnvey that
<br /> � � • Borrower'e interest in the property to the Trustee under the term�ys of thia Qeed oi trust. In addiiion,such a Borrower agrees that the l.ender and
<br /> ` debt without U�aWt BoROwe s�con ent end w ifiouyt reteas ng that Bonoweer fiom the tem�s of this deed of Vust�ia deed oi truet or the seeuted
<br /> . The duties and beneflts of this deed of trust ahall bind and benetit the successora and assigns of LenC�r and Borrower. •
<br /> 18.Natleo.Untess atherwise required by law,any notlee to Bortower shall be gtven by dellvering it or by maitiag it by eertlfied maii addressed to •
<br /> . � ' ma11 to Lenders adOresa on page 1 of this deed olre�s�th�atto�any other aCdr�ess whichdLender has designated Qny other naUco to LendertBfiaO '
<br /> �� De sent to LenQer's address es stated on page 1 of thia deed of truat. . "
<br /> � Any noUe9 ahall be deemed to have been given to Borrower or Lender when glven in the manner stated above. ��. . ` �
<br /> ' 19.Transfer of tho P�royorty or o Banofldof fntereat in tho BoROwor.If all or any part of the proper�y or any Interest in N is sofd or transterred �
<br /> � wlthout lender's prior written consent, Lender may demand immediate DaVment of the secure0 dab� Lender may atso demand imme8iate •
<br /> � Qemand pieyineng n�t�he ebove aituartio�r�i1 is prohibted by f d ral law es of tfie Qate of�is deadt for�ianstetred. However. Lender may not � , .
<br />' ' 20.Recomroyaneo.When the obligation secured by thla deod ot trust has been paid, and Lender has no further obtigatlon to make advancos ' �- -
<br /> under the instruments or egreementa secured by thls deed ot trust,the Trustee shall, upon wrltten roquest by the Lender,reconvey the trust
<br /> • • � uDtlgatr lon so satlsfied SBolrrowei shailtpayBany recordat on eosta er's suceessor in interest,the trust deed and the�ote or other evldenea ot the
<br /> ' 21. Succoasor ?htstee:tendot, at Lender's o�tion, may remove Trustee�and appoirt a sueoessor Vustee by flraL mailing a copy of the
<br /> ' ' ' substitution of trusteA'89 requir�d by nppllcabte aw,and then,by filin$the substYtution of uustee tor record in the ofHee of the rogister o}deeds -
<br /> • : succ ed touall the poweh tduti¢sgeuthoriri a d titte of the Trustee named in the deed of tr�us�t a d of anyisuc essor trustee o1 the property,shatl •
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<br />� '� BAN1fER$SVSTEMS.MC..ST ClOUD.IdN 58301 Il�800-397$3011 fORM OCP MTQNE 8f1991 � � .
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