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<br /> �' PaymaMondO�r►mCO/voaflirom 8orrowor o�r�oi Bo rower'o bonoflt vdll bebappl ed lir�l�to eny nmoUn e Bo3iowm odwos on thotsecured debi 5', � , �•riY.
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<br /> • not r duco or�ex uee erVrlsch duted 6�aymonttui�til thoneecurod dnbt Is peld In tulln��ro�nym�m o}tho eacured debt occure fa any roeson,it will
<br /> . ' T.CIMma Analnit,TMOL.B o��l�m�wh4.it w�Id Ip�Palr�ho en�of�thi�ed af vuwU 4and�,�mty �e0ui►a�uiro�we Wo ai�pn ny rlphts,�clalmni�or • '' `,
<br /> • • to ti�o prapa�ty cpz nY
<br /> defensea whlch BarowlN r�1y h�v4 ap�inet�artlqA�Y�h eupp�V lebar or m:•tcr:e�o tu lireprovo or malntaln the property. `s
<br /> ; 3. In�ur�nc�. Borrower will keep the D?'aPm►n Ie eralnu�dln fevor ot LsnpAer���lindu�w�l bM�n�m,Q Ni Ioa�Np,yee or s tho Inaured on�any e ch " 7 �.°;`•;�,�.'
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<br /> insuronco paUclea ehell Inalude e stenda �0 .
<br /> Insurence pollcy.Any Insu►ence proceec�e moy o uppilsd,t��thln Lond!f►'n dlor,rotlon, �a�Hh�r the rnstaretlon or repalr of tho domnpo prope y -ry }
<br /> ' � or to the aecured debt.If Lender rtqulroa mort0ape Ineurence, Borrower�BnY�tv mtlnriln �uch��uuwncd lor au lonp as Landnr roqu�ree. _� '���.
<br /> �,,;,�:.�� 4.Prop�rty. 8orrower wi►1 keep the property In pood condidon end m�ko ail rep�lrr ne�on�hly�eocet�Rry. ; .. �.' . , _
<br /> � ' ''�'' 6.Ex�smu.Borrower agroee to pAy ell Lender'�expen�e�,Inalud►np ro�non�hl� �uo�rnVw'���w���Darrr wer breeks any �ovornancs fn thfo doed � ` ; �
<br /> of trust or In eny obliprtlon aecured by thle deed of tru�t.Dorrowor will NeV thees�moimt�to Lendet nr provlded In Covanmt 9 of thin doed of ' �'� r ._
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<br /> 6.P�lor&acudty Mtere�ta.Unlase Rorrower Hret obtolno londor's wrltton content,Horrower wlll nut mwke or permit ony chanpr,s to any prior ,-^`�n+��_
<br /> • sacurity Intctreste. Borrower will perfotm ell of Borrower's obllpnlluno undar any prloi monpw0e, deed ol tru�t �r othar eecurity agreament, r��� _ -
<br /> Includlnfl Borrower's covenents to make peYmente when duo. .
<br /> 7.Aalynm�nt of R�nt�end Protlts. Borrower a�sipns to Lender the ronte nnd prollta ol the propartV�Unlen Borrower end lander heve agree d •`%���3M1_"'
<br /> � Ise in wrltMp, Borrower mey colleot and roteln the rente or1ao�flths �ope ty,�nd coll ot the�ent B Any re�n�Lender coendten h other `.�+� �_
<br /> otherw
<br /> agent, or o caurt eppolntedrocelver mey teke poaaesNon end mer p P .i�4W______
<br /> �`�`r� � , nec�essafry reteted expenses�he rema�nlny amount of rent�wRl then epply to peYmenpon Ihe socured debiae provided in4Covennnt 1. y ����__
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<br /> 8.Lsat�holdr Condominiumt; Plmn�d Unit D�v�topm�nt�.Oorrower e�reee to camply wlth Ihe prnv{rlon�of nny laoce If tN�daod of truat Is on �Y�-- .
<br /> � under the�ao enente,by lewe,or rogulstlom�of the condominlum ov plin�d unft d�velOpt�a Lnt,�o►rower wUl pe►/urm oll of 8orrower's duties - —
<br /> �� or�awsr. If [3arrawer falla to erform eny o4 Borrowa�'�dutl�s und�r thls d��d of trust, Lender mny �A�.kn=-1
<br /> � m tw B � en omount if nece�sNy �or per}orm�nce. If any �`"°"'__
<br /> 9.Authodty of l�ndu to Pefar . ..____
<br /> parform the duties or cauae them to be performed.Lender may sign orrowar's nema or p Y V �=- _�.�+
<br /> construatlon on the property Is diecontinued or not carrled on In a reewnable menner,lender mW do whmver b n�cosary to protsct Lender's :`uY��-
<br /> ':':`�:r j security Intereat in tho property.Thle mey Inctude completinp the conftruotlon. , _
<br /> �� � Lender's fafiuro to pertorm wiii not preciude Len4er trom oxerclelnp eny of ite othar riahU under the law or thi�d��d ol trun• , �ry�
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<br /> AnV amounte Pe�restyfrom�thetdete�of the p ym nt untll paldtln full at�lthe�interest�r ta In�etfi t nf thn iscw d�dibt unu w�l be due on domand (
<br /> � ,+ and wlll bear inte "
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<br /> 10. D�fwit rnd AccN�n�on. If Borrower falli to meke eny payment when due or bn�k� my covemnU undnr Ihh dred of truot or any ` .
<br /> obligetd immedlate peyment env may Invoke ths power of,ileind any othsr remedie�f Dsrmitted by ippllC bti liwurlty of the eecured debt and � _-
<br />- �', deman
<br /> 1 71. R�qu�at to►Notla ot D�f�utt. It is hareby raque�ted thet copfs�of the nottces of def�ult�r.d u�� t�eent to uoh arson who ie a pnrRy ,
<br /> heroto,nt the sddroae of e�ch sucF�yer:�r,oo:-2 t��f'•""-'�^� — --
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<br /> � ! 12. Pow��of Sal�.►f the lender invokea the power of�ele,the Tru�tee ahdl flnt ��eord In tha oNla ol th�np1�tlr af a�d�of��ch county
<br /> whereln the Uust property or some part or Dercel thereot I�altwted�notic�of d�fault contstnln th�inlam�tlon r�qulr�d bV��W�Th�Tru�tee
<br /> •r�to, �nd to othu prnons u preacrlbed by
<br /> +• shall ateo mall coplea af the notice of defautt co the Borrower, to e�ch perwn wF�o b �p�rty _
<br /> � �''' ,�` I co�rpo►eted cicy oi vtilege ind/a used in ferm ny o�p erit�ons carr ed o^by thi trultor�thi�truitii shNl pivi pub o noil�i p}iileyto�thi panons � -
<br /> end In the manner preacrll»d bV epppilaabte law.Truetee,without dem�nd on 8orrown.y�h■11�ell ihe proR�rtY�t publfa wetlon to th�hlphsst _
<br /> ` , ! Truetee�mey po ta pone eeleaof eiloor anY pe celtof the property by publlo announcemint�t ths Ume �nd p��c�Io}wny��ou�Y�alNdutnd Qa e. _�
<br /> �^ + Lender or ite deaipnee may purchase the property et�ny aalo. ���
<br />-. ` �'��N Upon ro s�edfaheimbe prime fecie evldte ce of�the t utheo�f the etitementiacontdncd theri�n�Truitii afn�l i D V�M a MHdi of�ihe iili Inih ,
<br /> j` �• � Truetee
<br /> reinstate�►ent fees�,lb)to etl suma$secured by thie�deed of�tu et uend lol��het bslencs�II sryybto t e pe��une�epiily enillled to�itia�ve�e•f��� �� �
<br /> �.'. � �:r Ilc�bl�law lor fonclowr�of mortp�pe� �_—
<br />-��%-_,,;�r�,�;� 13.Foucio�ur�.At Lender's aptlon,this deed of truet mey be foreclosed In the manner provid�by�pp �!_
<br /> .=,.�r on real propertY•
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<br />_••.�f=_''"""�, 14,U�psotlon. lender may enter the propeny to in�peat It If Lander plves Borrower notica b�foreh�nd.Tho notic�mu11 at�t�t rusona --
<br /> e� _ ;f h�'�" ceuse tor Lendsr's inspection. _
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<br /> r,'', 15.Cond�mnatfon.Borrower eesl9�na to Lender the proceeda of eny eward or clelm far damtpvle�sil nm�nt I���uhjietdtomh�tirmi ofiny prlo �
<br /> -:;=�jl��;�•,�„; of ail or any pe►t ot the aoperty.Such proceede will be applled ae provided In Covemnt 1.Th p ^____
<br /> �� •c:_;i. security egroement. Y --—
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<br /> _`"=").�.a'� . e^y remod upon Borrowe s Ydefeulta Lende�adoes�not�valve enyr Ip t to lete��conapdi�ihe evtant s�diteu4 If�t haRp�eni ayilny �y not�xercls ny _
<br />���. :..� . ':� - -
<br /> ���'��"' '� 17, ddnt md 9�v�nl U�biltty• Coa�ipn�n: Bucc�esa� �nd Assipm Bound• All dutiet und�r thU dud o1 tru�t or��olnt ond tw�nl. Any _
<br /> ,=.,;���-:�'.;_ --
<br /> -.�.,�;_,...._ ; Rorrower who eo•slyna this deed o4 truet but does n�t co•dpn the undertyIng debt Inotrumentl�) does w anry ta qrsnt�nd convW th�t
<br /> ��� anY other Bor orwer�nder Lhie�deed i tr et mey eMendhmodiiy�or}m�ke iny other�ohm0ii n�thi ti mi of�tiili�desd o}truit oh�thi tacu ed �— _
<br />-,;.:;�'����.;; debt without thet Borrower's consent end without relee�lnp theY Borrower frmn the urmt ot thl�de�d ol trwt, _ _ ---_____
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<br /> `' The dutfea and benefite of tfiia deed of trust ehell bind and benefit the eucceisoro end as�ipns ot Lendor�nd 8orrowu. `�����`
<br /> '�. . ,. . -- f-
<br /> 1g.NoUc�.Unloas otNorwlse required by law,eny notice to Borrower ehail Ce ylven by dellverinp ft or by mallinp it DY eenlll�d m�fl�dcln���d to __�
<br /> �� � 8orrower et the pro�erty eddrosa or anV other addreee thet Borrower ha�glven to lender, Borrower wlll piv��nY notic�to lmdu by cndll�d F�=��_
<br />- � � � maU to Lender'e eddreai on page 7 ot thia deed of trust,or to any other eddr�an whlch Lender hss dedqnot�d.l�ny oRIHr notle�to l�ndu shdl E'���„ _
<br />� ba sent to lender'e addreea ea etatod on page 1 of thle deod of truat. .�- �- ---r�
<br /> ;� • Yr� .:S.�:��
<br /> � Any notlCe ehall be deAmod to heve been glven to Borrowor or Londer when plven in the manner eteted ebove. ;� � 4,f
<br /> � .
<br /> r� �'•� 19.TransfN of th�Prop�rty or a BonsRciel Ut�nst in th�Borcowe.If all or eny pert of the property or eny Intereu fn It la�old ar trsnH�rr�d s A�r;"�:,...
<br /> ,�� Y wlthout Lender'e prior wrfttCn oonsent, lender may dersnend Immudlato peymeo�t of tho secured dabt. Lendo�m�y dRO A�mmd Imm�dlat� �, �,tiy.�A�ir:''.,,;";
<br /> ' '��'+,.,.. Roymen! If the Bonower la not e natural porson and e beneficlei Interest in the Bo►rower I�sold or trantfsr�ed. How�ver, lendir m�y not r
<br /> .� �•, demand payment In tho abow sit�atlons i}it Is prohibited by federei law es of the date of th{e deed of trott. ^�"r�,T, , �1:�,,
<br /> " � �' 20.R�eom�y�nas.When tho obllgetlon securod by_thia deed of tru8t hee been pald, an d Len der heo no further ohl�flnion io mek��dvance� � ��► ,�a�.'�?u;
<br /> E�" under Me Inatrumanta a eg reemonts socutmd bY th+s doed of truet, the Truetee shall,upon wrltten requent by the l.ender,reconv�y thn truct • y,S�iti�lii..,.�, ,:,
<br /> ���;,,�,. proporty.The Lender ahell delfver to tho Borrower,or to Borrowor's eucceesor In Inter6et, the tru�t deed end tl�e note or other�vid�nc�ef the ., :;:;fJ,.+'.Vr;!'
<br /> !i:_'.�•�___,___ obl i pati�nso setlafied.Dorrower shall pay ony rvcor da t l o n c o a ts. ____ �. .�� a„a..� �„■mnu a muv of the ,-� 'k.�•_ -
<br /> > �,: _ - p -.-,.- --_
<br /> ' 21. Succes�or TrastN,Londer, at Lendcablo Iatw�unJ tYioiL by fllln gr tho sub tf!u8on�f nuateo for iacord�ln the aif ice of the iepl�toi of de�d� f- � ; ,_
<br /> - subscln�tion of truetee as required by appi� , . ,
<br /> succoed to all tho pohwertdutloss autho/ty end titio oftho 7ru t o nemedainthe deod of trun4 nd of eny auccossor Iruetoo,of the piope�ly, �,i�bll
<br /> - • .� � fp1�1 2 O/7J - , ..
<br /> . BANKERS 9Y57EMS.�NC.,ST.CIOUD,MN 60901�1•000397•29411 FOI7M OCP•MTO�NE 8r78�9� „ ., � -
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