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<br /> COVENANTB • � . • � -
<br /> 1, PeYments. euira�var aprnea to meke all paYments on tha secured debt w,h�ednftlsi'to eny amounto Borrowerowee on theteecured debi '
<br /> puymonta Landor rqaai�ron from Borrownr or fur Borrower's bonafit will ba epp
<br /> oxclu�Ivo o}Intnrq�nt ar 6irinoipel. eocond to intereat,and then to principel.if pertlai propayment of tho aecu�ed debt cccure for Any roauon,ft v�lll
<br /> rwt reduce or excu�,a a�}r onhfldutod pnymont until tho sOCUrod doht la pnld fn full. .
<br /> 2.fXMfm�apN.��nt Titlu.Parrowor wfll pey ell taxes,essossmanta,end other eharpea aterlbute4lo to tho property who�due and wlil dofend title
<br /> to tha propertV aar!ne�t nnV clalme which woWd Impalr tM lfon of thia daed of trust.Lender may requlre Borrower to eaefpn any rlghte, clelms or
<br /> defennea which Bcivr�n�qr mey heve epelnmt pYrtlee who tupply tabor or meterlela to Improve or malntsln the property. ,
<br /> . � Inai rence poliNoe shol7lnolude e standirdpmon�sye clsu:edin tavor of Lender�Lender�wiil betnimidis loti p yee ornei the Iniured on�inyiiuch •
<br /> I or ioihe iecurnii ds n�srif le�cln�roqulroo�m ripcpo I�pfu�cnco�t 8lorrovrer epre�ee�to�melnte nteuchhnsu6encetfor aa lonp�es Londer�requ�ee��rty '
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<br /> 4,�pp�rty.9orr�w47 v.�►N keap thn(xnperty In pood condlHon�nd m�k�dl nD��ra roewnibiy necsuery. ;�;,..
<br /> 6•.E�p�n��a.Qmrqtivrir�pr�e�to p�V�II Lender'�expense�,Inaludinp reoto��ble ettorney�'feee,I}BorrowRt bre�ka eny Covensnte In thb deed :
<br /> .. ef trust or In enp nAt111a11on t�CUrrd by thb d�ed o}1rwt.Borrower wlil pay thene emount�to Lender o�provlded In Covenant 9 of 4h1e dosd o} ?:,,
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<br /> cn uri�tVBnln�rnntnlntmic�tvsr��w111 porbrm iil oft8orr wir�i obltpetlomt u�der sny P►for moltp�pe�dsed Af truitror�athei e cur tv��o+�eemem� ` _-...
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<br /> � Inr,Aidtnp Borrn►vqT'u aovm�nt�to mnk�paymant�when due.
<br /> I 7,Aai{�nmnat of Rtlitt��nd Proflte. Botrowor ea�ipns to Lender thb rents and pmtite of the propwty.Unles�Barrowor end Lender have epre�d .' _
<br /> � o*.herwfae�n writln�i, llotrowsr may colleat md rotaln the rents ad lonp as Barrowe� li not In deTeult. If Borrower detautU,Lende�, Lender'e :, , _
<br /> upplied Iimt to thn ooete nf mnnep nm the D oPe►tYe�ncludin d court co t�end attoineye cfeei t commlciione�to r ntol apento�e�nd�o y oti,ue �-' ,�='
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<br /> noceossry►oltRnd onpanees.The romeQninfl amount of rents wftl then apply to paymente on the aecured debt es provided in Covanant 1. �,. ,�,r
<br /> : e,�����i•��n��y��:p�����it p�wlppmmq•Borrower ayrees to compty with the(xovisi4n�of any lesse I}thle deed of truat la on
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<br /> � s lenehakl. Ir thin dned of tr�st b on� unit In r condominium or a pl+nned unit devebpment, Borrower wlll peAo�m ell of BorroweYe dutbs >. '1,��
<br /> � undee f1e couAnnrstt�,DY•latfe,er ret3'��attoni of the condominlum ar planned unit development. %'
<br /> � pertuim thnUdutloA n�cauae t�m tot be�pe�ormed'Lendei may�elpn 6or owor'snnameBa pay eny amount ff necessary torpertormence�if eny , -�—
<br /> security Intornst iri tfio p opartyaThienmsy include compiet g tlie constructionmenner,Lender may do whatever ia necessary to protect Lender'e —
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<br /> Lendar'e hdlurr�ta poRarm wili not precl�de Lender trom exercising any of ite other ripht�undsr the law or thls deed of uuct. �.••
<br /> � Any amountn polsl I�V Lendar to protect leader's security interest will be socured by this�eed of uust.Such amounta will be due on domand . ,�
<br /> ty �Y end wifl bear IntnTC�ot from the date of tha peyment untii patd In tuil at the intereat rate in eHect on the Recured dabt. l �
<br /> � '� � ,:� �Q, �O}�u►t �np p.�odK�tlon. U Borrower feila to meke any payment when due or broeks eny covenante undor thls deed of vust or eny �.. • -
<br /> � oblipatian saournd Gy thl�deed of tru�t or any prior mortgaee or deed of wst,Lender may acceterete tM maturity ot ths secured debt end , :r�• '-�•
<br /> ,� demnnd ImmndiM[i 1`eVmont end may Invoka the power of eale and any other remediee permitted by appBcaWs law. . •j_
<br /> �; � i;' 11.Requo�t tnr MnB1e�of D�fault. It Is hereby roquasted that copiea of the noticea o f de fau ft en d sa l e b o s e n t to each p erson who la a party
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<br /> _j,,., hereto,aY t hn a d drnss o f e a c h a u c h p e r a o n,e s s e t f o rt h h e r e l rt. f�
<br /> -- T- I� It'�t6y�•at��! f w:�h r.nunty ��?
<br /> 1a.Pawai ot Sa{a.tf the Lender invokea 1M power o}sale,the Trustea ch�it tust rocord in ine ui�ico 03 ' ^ ;
<br /> ':+ whernin thn tn�ct pr�operty a sorr.e p�rt or parcel thereof is situated a notice of defauft corrtaininy ereto�ond toi otheQuperconi�as�resrib�sd by :" . .
<br /> �? � ahell alra meil cupiee of tM�otice of default to the Borrower,to each peraon who Is s party h � �t(n eny i �.;
<br /> sppltCabki Itny.Na��leaa than one monih efte r th e T r ua tee records the notice of defeutt or two montha if the bust proPenY� }
<br /> incorporotnd c:ty or vfilepe end la used in terminy opentlons cerrled on by the truator,the fruatea shall qiva puWlo notice of s�te to the pe r a o n s << � -
<br /> �'�. - � and fn thm m�n�er pr�acribad by�ppplicable law.Truttee,without demend on Borrower,ehall sell the lxopertY+t public euction to tfie hi�heat
<br /> � .•,;; biddor.lt roqukod by the Farm Homoatesd PaatacUon Aat,Truatee ehail o�Pot the property In two sepa�ete�ale�es rsquind by applicnflts I�w• fi� •
<br /> .• �,: Tructoe mey poo S�iona u�e o f s l l o c+n y p a r c e l o f t ho p ro pe r t y b y public onnouncement st the time�nd ptace of�ny previousty achnduled e�ie. .�
<br /> �- �; +'; Lencter or Itn deefUnoe msy purcha3e the property et eny sate. � � :
<br /> ,�:_ .� The recitialt contelned In �
<br /> Upon raoetpt of p�Ym ont of the price bid,Tru�tee shall detiver to the purcheser Trustee'e deed convayinp the prope►ty.
<br /> �;�i, 'v f ro�c�o`n�e doad�e�n�bo Pelimexfp�ensea of tho p�afee includ�ngh butanot I�mitedntot�reesonable 7rustee esfeesp�reasoniblo attorney�stses��nd
<br /> • �i}%::�� •'' rainstntoment foan;lb1 to ell euma secured by iNa deed ot truat,and(cl tho belance,if any,io the persuns bpally entitl�d to receive it. �,,,
<br /> � t 13.Far�afneure.!�t Lender's option,thi�dood of truat may be foreciose�in the manner provide by appllcablo law for torociosure of mortgapea ----
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<br /> � 1A.Ir��peatlun�Lunder moy enter the properiY to inapect k if Lender pivea Borrower notice betorehand. The notice must st�ts the rss:omble
<br /> .r� ,"� �<`t caude for LendF�r'�►inspeatton.
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<br /> �.�.�•��E� 16.Condwn»e�nn.Borrower eaaig ucli�proceed�velll�be epplled asyprov ei�d In Covenentemapas essignmHnt is subject to the�terms of eny prior � .-
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<br /> of ell or an�{���t of the property.s Th
<br /> • , -N •i?;' security eflrnamnnt.
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<br /> 1e.Wt�var.By aKerciaing any remedy evellabte to Lendor,Lender does not plve u�any riphts to tater use eny other tertrody BY not ex�rcltinp _
<br /> �` } ``:� eny romody upon Borcower'a defnutt,LeM1er doea not►vaive eny ripht to leter cons dor tho event a defeutt if It happens apsin. c ___
<br /> �.:!'_��(; 17. Jukrt �nd flav�ral U��y, Co-�i�re; Succ�ssas and Atayn�Bwxid• All duties under thls deed of vust are jotnt and aeveral. Any _�
<br /> Bortownr who co-etpne thls deed ot trust but does not co-aign the underlying debt inotrument(s) tloea so oniy to grsnt and convey that �,��
<br /> + Borrow�r's inriuuet In the property to t�o Trustae under the terma of this deed ot Vuat.In eddition,such a Borrower eyross th�t ths Lender and •N
<br />--. � % ,;:>"�� eny otlinr Borcnwor under thia dead of truat rtcsy extend,mod►iv or meka any other changes in the tarme of thl� deed of trust or th�aecured . �s� .
<br /> ' dobt wlthout thnt Borcower's consent and without releestng thatBorrowar from the terms of thla deed ot truat. . c�:;;,:,��_�__
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<br />=. � �� � Tho dutiaa end bonefite of thls deed of troat shell bind end benefit the successora and assigns ot Lender end Borrower. `�. �'- s„�
<br /> �, �,���:�i;;f':,� Z ts.f�utln�.Unluaa otherwlao roquirod hy low,any notice to Borrowor shell be given by deliverinp It or by mei4ing U by certitied mail�ddraseed to '�`�;;�,� �^r^:�
<br /> �:�:•,,;5 � Borrownr et cttn property eddre�a or eny other�ddraw that Bortower has p�ven to Lender.8orrower will pive any notiee to Lender by certified , ;;�,� . =
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<br /> � !�. � me0 ta LendaPe addreu on page 1 of thia deed of trutt,or to any other eddroaa which Lender has dealpnated.Any oMer notics to Under ehal! �•`' �i �'�..
<br /> , �:�;,i�� ; bo Bent ta Landar's addroee ea eteted o�pafle 1 of thia deed of trust. . ";i;:�n :�.
<br /> � � ���'�'�:}� • Anp notice anail be deemed to heve been given to Borrower or lender when given in the manner statad above. °' ��'�'"'�,�,„,..�Yr�'
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<br /> ' �`'�� ' 10.Tr�mnfnr of tM Propety a� Bm�ticla1 Inte�st fn U►�Borrowa.li all or any part o4 the propertV or any Intereat in it is eold or transforrod .
<br /> wltMout L�ndur'e prlor written coment,Lender may demend immediate payment of the eecureJ debt. Le�der msy afao demand Immedlate ,.:.;r�� .
<br /> � ?,•` ` payrnont t!iho Borrower Is not e netusai�erson and a bonoficinl Intereat in the Borrowei is sold ar trensfenod.Ho�vever, lender mey not �;t,�:.•�K�c•�;
<br /> ` + domand paVmont In the etave s(tuaUons tf it Ia prohibited by federal law as of the date of thla dsed of trust. .-�� :,,i ti1
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<br /> 20. Ruaanvoyana�.Whon tho obligation seaured by th�s deed of trust has been paid,end Lender has no further abligetlon to make edvance9 ' �
<br /> •�. undor tho inctrumonte or eyellver�to the Bonowerthor to Bo rower a successor�in interest�,the trust deed andtho note�or other ov dence ofrthe
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<br /> prupcmy.TAa Lendor ehall d
<br /> .� obN,InHon so setiatiod.Borrowor sNell pay eny recordadon cost�. • •
<br /> �.— .. ..._______ T_....,. �e...�o. af t nndnr's ontlon.mav remove Trustes and,appoint a successor trustee.by f�rat, mefl.iny e�copy�o�f�e � �
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<br /> � cu�ffUtutlun ot trusteo en requtred by opp��cabta law,nnd then,by fumg ttlE 6uOStmmon or�ruawo wr tQ4Vlu..�.�A...............-•..,-•-•------- -- -
<br /> � suuceod touo Iiho Powo tdutlos9 nuthorlry ond title oftAhs Truetee nemedat the deed of truat and of enyiBUCCeseorVt u�t p,�f the property,ehall
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<br /> 'i� OANItC1U SY3TCMS.INC..ST•CLOUD.MN 6B90t It-800•397•29411 FORM OCP�MT6NE 8�t 9M1 __
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