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<br /> CO�fENANTO ' �7� �,��`� F��'�
<br /> 1. P��te. flo►aower egref��to make ell paymente on the eecured debt whan due. Unlnt� Borrowa► and �enQer a�ree othRrwl�e, �ny � �
<br /> ' paymnnso Lender receiver itom Borrowet or �or Barrower'�benNit wlll b��ppll�d Ilral to any unount� Oorrowc►owou on tlio secaueA doU1
<br /> � excluslve of in2ueat or prinGtpel,oeCOnd to Interoot, anQ ihnn tu principel.It pertinl pro�pymont af!ho c:.curad Aoht occurn fnr nny roncon,It�v{II
<br /> not reduce or exr.use anyqehMrlv�p�Ymmt uMNIM ured de6t I�p`id In tull.
<br /> 2.Cla{m�ApNeutT�N 8qrrowir� p��y��N ��c�. !i� aem�nt�.�nd otha►chsrp�s ottributuble to the proparty►vhen dun nnd wlll de}end title
<br /> to the propertV ap�iMr7��py��o�ch�wo��l�ps�4 p Ibn of thi�de�d o}trun.l�ndsr moy requlro Dorrawer to ea�ipn eny dphto,clNrn�or
<br /> , detRnse�which Hor(owe�m y��ra��k�st�pePHwN}!d upply Ubor or rc.at�rid�ta Improv�or m�inteln[he properly.
<br /> 3.IMtNY1C�. Borrowar wlil ka�p tM propnty Insur�d undv t�rm� �cc�ptahle to L�nd�r �1 Borrown'o expense end for I.ar�dor'p bandtit.Ail
<br /> intur�nce poiicles ohril include�etondud mortp�ps cl�uas in favor o}Lender.Lender will bc mmet��e los�nayee or ee the Intured o��any auch
<br /> insuronce po�icy.Any tncurcnc�µroc.�da rnay Ua cy�pl!cd,vtlthln Lcn��r'a discrotlon,t��r.ither the rsatoretion or ropelr M�Iw dems�ed prnperty
<br /> • F 1 or to tha s�cur�d drbt.If Lend�r requlras mortp�p�intunna,Barrow�r�prs��fo m�int�in such Insunnce to►en long ea l.endur requlree.
<br /> „ � 4,p�opNty,E3orrower wlll keen the property In pood condition end m�ke�11 rsp�in re�eombty nec�ssary.
<br /> �w^"' � of trEu�stfar�ln sny�obllpqtlon securedybN�thli dssd of�tr�uste8 rrower�w111 pi�heie etmount ta LendN�ea provlded k�Covonent 9�of thl9 deud of
<br /> 4tplt.
<br /> � 6.Pria S�etxity int�rNU.Unbss Borroti�er firet obtalns Londer'n written consont. Borrowar wili not make ar pnrmlt any chanpos to eny prlar _
<br /> ,` � secur(ty intsnsn. Borrowsr will perform ell of Borrower's obtlgetions under any prlor mortg�p�, deod of truct ar othor socurity aproamont. _,y�
<br /> inCtudinp&xroNer'�covenant�to m�ke payments when due.
<br /> ' � 7.AssiantrN�i of RNK��nd i'ro1Eb.Borrower asslpm to LenRer the ronta end profite of the property.Untess aorro�vr.r and Lendtr heve e�reed �`�R
<br /> .G otherwfse fn writtnp, Borrower may collect end ra4ain the rents aa IonD as Bonower le not!n default. If Borrn�vr.r dafnulro, lender, Lender'e �x;--
<br /> � egent,or n r,ourt eppointed racelver msy tak0 passessian and manapo the property and collect tho re�t6. A�y rrinto LondHr co�lecte sh�if be __
<br /> applied fust to the coste of moneg!r tire propeny,in�tudinn cou►t costs end �ttornay9' fees, cammfselpna ta rerrtal a nnt9, ond�ny otl»r �__
<br /> � t � tMC�ss�ry reiated snp�ru��.TM rem�nkp amount of rents will tMn appty to payrrNntr on th��ecure�l dobt ap prnvktud ln�ovsnant 1. _,
<br /> � E.t�•s!M!d!•C�xns:Plarn�d UNt D�vNapm�Ra.Borrowe��sea to comQ�y with tho provislons of any leaso if this d�ed of trutt It on
<br /> • � 1 e lea�eho4d.1�thia At�tc1 oi trutt is on a uNt in a csnB�civnium oe e pl�nned unit aTevaiop���u��t,6v�aw�r wEN��arrts �fi af Borraxrr'a dut� t,.-._,
<br /> � und�r tM covunrrm.6y�dtwx,or ro(iutations of the cortd�mh�SUm or piuinsd unit d�wbpme�t. �,�
<br /> � 9.Authorhy o1 L�r�to PMtorrt�ia sortowK.If Barrower faN�to_paform any af Bonower'� dutks under thia dead ot tru:t, lsndor m�y "'-..�`'
<br /> � perfwm th9 dLr,ks or cauw them to bs performed. Lender may aipn aorrowor'e name a pay any emount(f necessery Por�performance.If�ny ""
<br /> const►uctlsn a►n tF►aproperty ia diacontinucd or not carried un i�a reasonsbia manner,Lender mey do whatever is nec�sr.sary to protect Lender's `�`r=
<br /> ' secwity Mtero�t in tM propaty.Thi�may inctude completirq the constructWn. " �
<br /> � •� Lander'a tailu�o to p�rfosm wiil not preclude Lendor hom exereistry any of it�other righti under tha law or thfs deed of Vust. �
<br /> I�:--__
<br /> Any amounts Wld by Lernkv to protect Leoder'e security inerost will ba secured by this daed of trust. Such amounvs wili he due on dem�nd _-_
<br /> and will bear intereat from the date of the payment until pHid i�full at the(rrterest rste in effect nn the secured debt. _-
<br /> 10. O�f�t�rrA Acc�nfio�.If Borrower fa(Is to mike eny payment whon due or breake vny covenenta under thfe deed of truat or �ny =.
<br /> eF obligiUon sectred by ti�le d�ed of Vust a any prior monpape or dMd of trust, Lender may acceler�ts tM maturity of the �acured debt�nd
<br /> demarrl f�vnediuta payme�rt and may fnvoke tfie power of s�le and any other remedia�permitted by applicsble law.
<br /> __� 11.ReqH�t tor Noeie�of D�1wk.It fa hereby requested that coples of tM notices of defautt and eeb be sont to eacfi person who is s p�rty
<br /> . h..��2�. :�.�Me n�psnh e�rl�'w�enn wa ent fnrih hpmitE. . ..
<br /> .'t ,•� 12.Powv a!BM�.If the Lender invokea the powor ot aale,the Tnrstx shall tir�t record in the oiHce oi the repister of deedo of each county
<br /> wAerein tM truat property w aoms part a parcel thereof le cituated s ao2�cs of default cont�Ining the intorrnstbn required by I�w.The Truttee
<br /> shall aleo m�il coptes of ths notiee of defeult to±he Borrower,to each person who is a perty hereto, and to other peraons as prescribed by
<br /> epptfuabis liw. Nat Naa thsn one month atiar the Trustee recads the noUCO ot defauit or two montP�a ii the trust pro�erty i�not in eny
<br /> . . incorpxat�d ctry or viilap�aM ts used In hrminp openCwns csrried on by tt+e trustor,the�'ruatee shall give publia nonce of sale to the persons
<br /> and in the marvNr prescril»d by��pppiicab{o law.T�uttee,w7thout demartd on Borrower,shall eeil ttA p►operty at pu�fic euotion to tM hlphsst
<br /> -., • ; bEdder.li requtred by tlw Farm Homestesd Protection Act,Trustee shall oHer the property(n two aeperate celea as requhed by appllcabie Inw.
<br /> �"r -• , • � Trustee msy postporn eab of Ui or eny parcol of the praporty by public announcament at the time a�d piace of any pr�sylousty cchedulsd sNe.
<br /> ; .�,.; ,. Londer or fts Oeai9nle may purchas�the property at rny saie.
<br /> :n- Upon recslpt of paymant of tiw(xlae bid.TPUacae ohali deltver to the purohaur Truatee's dead canveyi�p tho property.The�ecltioia contelned in
<br /> Trusten'6 deed 6t►�111 bs pdm�f�cie evidienca•oi the mrth of the statemanta contoined therefn.Trustea she11 appfy ths pruceeda ot the iale in the
<br /> - ' folbwinp nrder. U)to all expensea of tho aab, includinp, but not Iimited to, roesonabte Trustee'a feea, roaaansbk �ttornsy'�te�s �nd
<br /> � ' ., rein9tuemont teea;(b)to ail aums 6ecured by Mio deed�f trust,end(c)the balance,Ii any,to the persons leg�lly antitled to rac�(v�it.
<br />�','�::i�.�^ � 14.Foncla�tn.At Lender'e option,thia deed of tru�t may be foreclosed in the manner�rovlde by eppliceble law tnr 4oractosuro of mortpeplEs
<br /> ...__�rr ;;,",�j�` O(1 feil prOp01'ty.
<br /> -.A,�l�i•i:s�s
<br /> "`' 14.InwcUon.Londv may enter the proporty to inapect R if Lender pivos Sorrower nodce betorohenil. The notice must state the re�soneble
<br /> t+��`_=�`""g�� csusa ra Londar's Inspectlon.
<br />_=-:';rra'�'�k�:: .
<br /> - .-°~z�t, 15.Conda�m�tlo�e.Borrowar eesian�i to Lender thoproceo0s of any award or clalm for damayas connected with e cont{omnation or other tak!np
<br />-_�� ' ��'� of all or eny part of th�propeny.Such proceeda wiit be applied os provlded in Covea�nt 1.Thb essignment ia aubJoct Ya the tame of any pria
<br /> _��'' atcurity�ynemant.
<br /> .;l:�;:�_...
<br /> Yµ • ' " ' '' 1A.Waiv�r.By exercisiny eny rem�dY�vailnule to Londer,Lender does not give up�nV ripht�to later use anY other remedy.By not exercitinp —
<br />--"x,��;i••��•, my rertsody upon Barower's detautt,Lendor C�oea not wafve any ripht to later conaidnr the ev�nt e deisutt If it happ�na ey�in. - --
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<br /> 17. ,lah�t�nd 6�wr�1 Lt Ca�ipners: 6uec�s�ors �nd A��i�w Baund. AII dutiea undsr thfo deed of trust�re �olnt and sevsnl. Any
<br /> ;;,x� �•r� Borrower who co-atpna thia �ed of trust Eut doe�not cu-sipn ttn underlyIn0 debt lasuumentf�) doe� so only to ynnt md cunvey that
<br /> �'� Borrower's fntereat 1n the property to tho Truatee under tna terms of thla deed ot trust.Ira addidon,auch e Bonower ep:�es that tfie Lsode►�nd
<br />':,.:��M•��~�-'-• ' any othor Bottower under this deetl of trust may extend,motlifir or make�ny other ahnr+gea in ths terma of thls deod ot Vuat or the aecured
<br /> ;� ";Ra!,�:" � ' debt without ttWt Bor�ower's consent end wlthout releesinp that�orrower from the tarme of this deed of truat.
<br /> ' .����`��� Tha dutioa end benefits of thia daed of trust sAnll bind and benetit the eucca�uors end assipns of Lender and Borcower. -
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<br /> •� 18.Noii¢�.Unloss otherwise requirod by low,any notica to Borrower shali be given by delivering it or by maitiny it 6y cartifiad mail.�dd►essed to :--
<br /> ._ Borrower et the property eddress or eny othor address that Borrcwer has pfven to Lender.Borrower will give any notice to Lender by certifieA
<br /> meil to Ler�der's address on p�pe 1 of thls duod of trus�or to any other addross which Londer hes desipnated.Any ottnol notice to Lender shali F-.-=
<br /> " be ssnt co Le�dar's adAro�s a�stated on pe8o 1 of thia deed of trust. �
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<br /> • � �� Any notice sha11 be deamed to have been glvan to Borrower or Lender wlwn given U tM menner stated above. ��z
<br /> � 18.Tr�naf�r ot t!�Prop�rty a�Bwwllo�l U�2K�st M th�aorrowar.It all or any psrt of the propertV or eny Intoroat tn It ia sold o►transtercod ��'
<br /> " without Leixler's prbr writteo ConsaR2, I.ore4er may domarxi :mmodiata paymont of tho soturod dobt, Londcr moy niso dcmnnd immadiete =�•`�
<br /> � payment If the Borcower is not e natural�carson and e beneficial Intereat in the Borrower Is so!d or uansierrod.Howavar, Londor may not ' :
<br /> - dsma�xt payment in the above sit�ations if it Is prohibited by federat lew es of the dato of thic deed of Vust.
<br /> , .� 20.R�ca►wyanct.When ths obligation secured by this doed of truat has been paid,and Lender hes no furthor obliaatian to meko advancos
<br /> utidet tho insttumonts or agreemente secured by�h18 deed of trust,the Truatoe ahsit,upon writton roquast by the Londor, raconvoy the trust
<br /> proporty.Tfuo Londer shall deliver to tho Botto�vdr, or to 8orrower's succossor In interost,the uust dead end the note or other ovidence of the
<br /> ��� obl(patiun no aetistied.Borrower shail pay ony recordatton costs. .
<br /> 21. Succasor Trwue. Londer, at Lundor'e option, may romovo 7rusteo ond appofnt a succossor trustoe by flrst, mamng e copy ot ms r -
<br /> _ � substitutton of trustee es roquired by eppllcabte law,and then,by filing the substitution of trustoe for rocord in tho ofHca of tho rogistcr of donds (
<br /> of oach counry in which tho Vust proporty,or somo part theraof,{s situated.Tho Fuccessor trustoe,without conveynnco of the property,shall
<br /> suceoed to all the power,dutios,authority and ntlo of tho Trustea named i�iho deod ot trust and of any successur trusiou. I
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<br /> BANKEA4 SYSTEMS.INC..ST.CIOUD,MPI 68101 I t•�00•197•tS111 FORM O[P•M16-NE OI19H1
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