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<br /> � �.r - ` 1. PaymetttB. Borrawer a�ees to make aU paymenis on the secured debt when due. tlntess Borrower a�d Lender egree othernise, any _ _" �r.� ,
<br /> ' t� payments Lender raceivaa f[om Borrpwer ar for @artowete benefit will be apptied first to any amounta Bonower owes on the seeured debt '<- -
<br /> exdusive oi interest or pdncipal,second to interast,and then tu principal.It partial Prepayment ot tho secured debt occum tor any reason,it wll ��� ', ,. �•�
<br /> . nat reduee or excuse erty achaduied payment tm01 the secured dabt is paid in tul1. .`'_
<br /> � � ' $,qalms Agatnat'�9g Bortower wi11 pay 811 ta�ces assessmems,and ather ehargea attributaDle to theproperty when due anA wiU Cefend tiUe ` � r`
<br /> tp tfre prope: e�niAot a,�f d�s��is�Clt�eetd imQ81t the ii�n ot this deeA of truae.Lendm may reQuire Boetowaz to assiqn any dMts,claims or � .�-- ?
<br /> � , defonses wtu�Borrower may hAVe against parties who suppty iabar or materials to improve ar mairrce3n the proDe�N• . �
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<br /> - , �"[, 3,tnsurm�aa.Borrower wiU keep the property insiuued under tetms accapta6te to Lender a!Borrowe�a e�ense and tor Lenders benaftt.AI! '��� . r.•
<br /> insurance palieies st�afl i�elude a standard martgage eiause in fawr of Lender.Lender wID be namad as toss payea or as the insured on any such • ;"�
<br /> = ' insurance policy.Any uuurance p�aeeeds may 6e appliad,witlsin lendere distxotion,w ekfier tha resmration or repair of the damaged propetty '� ` ��`�' � . .
<br /> . . ; or to ths seeured debL It lender requftes mortgaSe ms�uance,Bortower agrees to mairrta3n such insuraneo fo►as fong as tander requires. `��
<br /> f,�..," 4,Property.Borrower wU keep the proparty in good eondition and make ail repairs reasonabiy neeessartl. ' ..
<br /> �� -'`"'"`�T 5.6�pertses.Bonower agrees to pay all Lenders e�eases,inctudng reasonabie attomeys'fees,if Borrower Oreaks any►covenartts in this Qeed � 4� �'�' -
<br /> of uust ar in any obtlganon seaired 6y Uiis deed of trust Borrower wiil pay tfiese amowns to Lendet as provided in Cavenam 9 ot tfus deed of _ "" ��� ' `�• .
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<br /> , 6.P�ior Sewdty Gtte�osts.Untess Bonower first obtains Landera written eo�ser�t.Baaower wiU not make m permit any changas to any prior : r .- �.
<br /> � securitV interests. Bonower wiD pedortn eR ot Borrowers obGgations under any priar mortgage,deed af Vust or other security agreement,
<br /> • • induding Harower's coveaants to make paymsrtts when due. ri .M.� ..
<br /> � 7.Aa�grunarR of Rerta end Pcafits.Borro4ver assigns to Lender the rec�and profits of the property.Unless Bortower and Lender bava a�eed ��� ____�.
<br /> ; �� • _ c othennse in writir.p, Borrower may coilect end retein the rems as Iong as Borrower is not in Qefauti.If Boaower defautts,18nder,Lender's ��"�;�
<br /> ' `• r agenL or a emurt appoirrted rew"n►er may take possessian and manage the pmperty and coilect the rents. Any rents tender wltects shall 6e �
<br /> . ' " applied fifst to the casts of managine the property,including couR costs and attomeys' fees, commissians to rental agerrt�,and aoy other � -{°'�-""'
<br /> to a ems on the secured debt as ravided in Covanant t. . ,E �'
<br /> � � �- necessary�$�ated expenses•The remammg amount of renu will then appry p ym � -• -
<br /> 4 8.LeasehcTds•Condaminhuns;P�u�ed Urttt Oe+ratopmertts.Bnrrower agreas to wmp[y with the provistons of any Iease ii this deed of trust is on �`�y T
<br /> � � a Ieasehold.It this Qead of Vust is on a unit in a condominium ar a planned unit devetopme�rt,Bortower will perform ell of Barirower's duties . o _ _
<br /> • under ihe covenar�,by�laws,ar regulatlons of the wndominium ar planned unit davetapmam. _ -
<br />-_ . . • c`.{ g•pym�y o}{,��r to perfarm tor Banower. If Bonowar fails w perform any of Borrower's Quties under tnis deed of tr�st,Lertder may �
<br /> pertorm the Euties ar causa them to be pertormed.Lender may sign Sorrowe►'s name or Ray a�ry amourt tf aecessary tot p�rformance.tf mry - _ _
<br /> • construction on the property is discorttinued or not cartied on in a�easonabte manner,L.ender may Qo whatever is necessary to Oroteet Lender's , `,,.-,-;,.,r,
<br /> � ' securrty lnterest in t h e properry.7his may inctude compteUng the construc[ian. ..'.�:-_
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<br /> � --- Leadafa faiture to parform wifl not predude Leader from exetcising any of its other rights under the Iaw or this deed of frusG � ` ', " •a;;�;.�_
<br /> ' !� ` Any amounts paid by Lender to pratect Lenders seauitY interesc wilt Oe secured by this deed of trust.SueA amouMS wili be due on demand •�. ���'.
<br /> ' � �"�' and will6ear iMerest from the date of the paymeM urtnl paid in full ai the Interest rate In etfect an the searced debt . .
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<br />: � � � • ` � � 1�. Oefautt and Ac�eieredan. If Bortower taiis to rrtake any payment when due or breaks any covenar�under this deed of Vust or any �
<br /> ••-••--- obligaUon sacurad 6y ihia dead of tru5t or any prior mortgage or deed of trust,Lender may accelerate the mawrity of the secured deht end r �
<br /> demand immediate payrnent and may invoke the powar of sate and any mher remedes permkted by appticabTe law. , � �
<br /> fn�.°. ' '+
<br /> 11.Re�est for lltatice of Defautt.ft fa heretry requested that copies of the notices of Cefeuft and sate 6e sent to each persan who is a party �'_
<br /> � hereto,at the aQdress o!each suah person,as set forth hecein. �:±}--''��-��'
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<br /> ' 12.Power o1 Sate.If the Lendar invokes the power of sale,the Trustee sha11 first reco►d in the o�ce of tl�s regtster of deeds af each county • �_
<br /> ' ,.;� wherein the trust property or some part or pazcel thereof is situated a naUce of defauh corttaining the informaUon requbed by Iaw.The Ttustee =
<br /> shait ffiso mail copies ot the notice of default to the Borrower,to each person who is a party hereto,and to othe►persons as prnsari6ed by �""'�"
<br /> � appncabte law. lVot less than one mornh after the Trustee records the notice of defauft, or two months lf ltfe trust prapertV�s nnt in eny
<br /> � • incorporated city ar viliage and ia used in farmfng operations carrl8d on 6y the trustor,the Trustee shail give public notfce of sate to the persons , _.-�!,-_=—
<br /> ' and in the manner prescr�bed by appplicabte law.Truscee,without demand on Borrower,ahatl sell ths properlv at pubitc auction to the highest .__,��;
<br /> ' bidder.(t re�ired by the Farm Homestead Ptotection Ast,Trustee shali offer the property in two separate safes as cequired by applica6te law.
<br />� • • � 7rustee may postpone sate af a(i or any pa r c e l u t t he prape r t y by pu b G c a n n o u�c e m e n t a t t q e t i m e a r f d p t a c e o f a r ry previaus i y cchoduted sate. : �',�'
<br /> ,. ... � ' � leader o►its AesiBneo may purchase the property a2 arty sale.
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<br /> ' "� Upon�eceiGt ot payment of the prlce bid,Trustee shall Aelivet to the purchaser Tnistee's QeeC conveying the propetty.The recfttals cootalned tr� s- --
<br /> • � - � Trustee's deed shall be prima fade evidienee of the trutti of tha statements wr►tained tharein.Trustee shall apply the proceeds of the sate in the -
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