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<br /> � S. Paym�M�. Borvowov nRronn to m�ko a�1 pnymnnt0 on tho anr.urad dnbt v�n��da�•t V A^�amoLin s Bo rower ov�eeAO�thet eecuied debi , �� � '
<br /> � novmontn Londnr rvooivoa hom Borrav�or or tnr E�orrnworb b�nofit wlll bn np� '
<br /> '1 9XCIUSiYE 01��IOf9t14 Ot pf+l�ni{lni,on�.4�lu iv ri�ii„a�'��%�t�'•�`.nn tn nrmclonl.If�nr�Inl propoymcntof the nocurcd debt occure for any►ee�on,�l W�I� - . —
<br /> i not reduco or oxouso arey sr.hrtdulad pnYmont until thn ofir.urod dobt in pnld In(ull. _`�
<br /> _ .. � _.,, -_...<�...�v.,a � � _
<br /> 2.CiMm�AqNnrt � ��xtiv�tbi WMff�t�itiP L}�R&auJnl�r t tn Ilnn of�tlife dond�of tturtn I:ende u�ney reQulra BO►tGWtl/SOhBSB 911 A V r phte.�aieimsitl�e
<br /> � to thn prop qrtY a n ot 0 , cl�Ilr�ia WitiOe FNIE�f�p � ����nr or mntarinln tri improva ar maintein tho proporty. �
<br /> , i d e f e n s e s v�4 t l n(i L�a oM�r � .,��"+t',!1nnT�w n+rtln�►- tuPP V ,
<br /> ��r n. Y a �t� ��, !k .�
<br /> � Insu�a ce pollalun�ahall fitrh�d+ea st+�nderd�mori tn(�o oevr,ndin fevor�f I�ndto bll n dn will betnemred esrloae peyee or�the Insurod neeny auch „ , .
<br /> � orsto tlio sea�uraA dubt�I4 Lendor requlr e�mortpn[Io PnO�iunncot�porrownrroprn�on�toimnlit88n suih inaw8encetior au lonaies Londor roqutrea roPetty I ",'
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<br /> . i�1�; q,pra¢��J [?oYnv�e�wfll keop tho proportV�n OQ�T�r.andlt►on nnd malro nll rnpelrn rrtn�sonob{y necessery. � .• � ^.
<br /> - ,1� 5,FatpNtp�n,Bqrr�vior npreoo to pay ell l.ondor'ts oxponunn inoludfnfl ronoonabin nttarneys' toes, it Botrower breake any covenants In thls deed . �h{�,
<br /> i of tn�ct ar in anU ohllpnUon aecurod by thir daao at tnint.F�orrowar will pay thono nmr,unts to Londer oa provided In Covenant 9 of this deed of , , .� �
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<br /> . S 0.Prlur Suau�iFy tt�4nmato.Unleas[iarro�var firnt obteinL l.ondor'n wrftton conrtunt,13r.rrowerwill not mako or permit eny changos to any prior °' '_ ,_,f`_:Y
<br /> soourlh/Int��onto. @arrawor will poriorm atl of Qmr�3w�Pa obllpationc undor nny prir.r mortgegn,dsed of trust or other secWity egreement, r,x��-' -___
<br /> � � inotudir�F3qrrovror's covonante to moko puymontn v�hnn duo. ,.�,,��_;___-----
<br /> 3,Qlssipn�ant ot Ronte�nd Frofits. Borr�wer osoiyn9 Cn l.ondor tho rento nnd�r�fiM of tha qoporty. Unless Borrow0�and Lender h2ve egreed • 'i'-��i:-
<br /> athatwlao in wriUnp, Bintod ocoivor m'py�toked�OOSac+eaion a d manage tha ppror��v�rIInd�collect the I ontsB Any r nt�Londar¢ol octs shatl be , �t� �f
<br /> egent,.ar p oourt appo � t';;�
<br /> :.,�'f'.'..,Y
<br /> onpllod firr�t to tha conts of inennping t he propa r q', �n c l u d in9 court aasto and nttorrteys' fees, commissions to re�tal aBeMa, and anY other `�� �',`��f-,.-
<br /> ��^,� . neaonanry rolntod exponsen.The romomin�amount of renTS w i li then npp1Y ta paYmansn on the socurod debt as prov i d e d I n Covanant"I. . _,:l t`_.� ��"*
<br /> � g,L��raholcla•Co�dominium�:RiPm�ad Unit Qaelupmuu4o.Dorrowoe a�annod unftmdnvrilop e t p8orrowe�wili pedorm�ellhof Bordrower e duties ,, ��;,:��-�
<br /> � e luaaoha{d.��m�A dAQd of trudt IH on fl untt In �r,nndaminlum or p '
<br /> unQur tno aovenanta,bylaws,or re�tulntinnp ot tho oondomintum or plennad unit d�tvnlupmcnt, '�ti�:_�
<br /> 9. AuiSiority et L�ndr►to PMam tor Fiorrow�. If flnrrowor fnlla to porform ony af (3orrower'e dutie� under 4hle deed of uust, Lender may "f-:,.,•.�
<br /> portqrm tha dution or causo thom to be performod.Londnr mny ei{�n Borrowor'n nmm�ar p�9 eny�mount if necasssry fot pedormmce.If any ,-_ '—
<br /> aanotn�otfan on!ho proporty is discontinuod or not onrried on in n roononubl�mnnnnr, I.onder m�y do whatevar ia ndces�ery to protect Lendor'o .���
<br /> ,4 � sAnuritq Intnreat in tho property Thie mey Includo oompil�tln0 thn constructlon. -`!-="* _
<br /> " � � Lnndur's failuro to perform will not procludo londor lrom oxorclnin�nny of ito�thnr ripin�under ihe law o►thls dned of tru�t. ��:.
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<br /> anq wm�enr Inte�reet trcm the de%�of itie pnymont untll+pnid In full ot�ttlo�lntnront�rntafl n etteci on�the iiauryd debi unt�wfil b�duo on domind ,��••� '_
<br /> „ � �p, po}�u}��nd Acc�iw�tlon.d'o8t�u�t or eny �lormm�rtpepn�orVdiad nf�truet��lol�rbrrmi�ccel��t� thi m���tyhof thi�tecure�d deGt ind ���,,
<br /> - obllyetion anound by thl�d ' ��`
<br /> � ,i�. dernand ImmedlMte payment and mny Invoko tho powar of seio ond eny ather romedtaa pumf od by�ppllcable I�w, �f:
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<br /> " 11.Requart tor Motla�ot 6�feuit�ft i Qhera�Q Q�iqrnrttiQher�nln,coptoe af tho noticnn nY dsf�dt and sde bu sent to e+�ch p�r�on who f��puty
<br /> �. hernm,ai cnn�u'dsoos�S aac:�:::�..g°•-�n.-- � -
<br /> } whe 9�n thn trua propeh►t y r o�s o m�o p e r t o r'p e r a ol t h ar o a f I n�a l t e t d ot notico lof d fnUlt connN,n g�the�lnformetloe requred by law.The Truit s _
<br /> here to, a n d t o o t h o r p o n o n�e s p r sscribed b y t
<br /> shnll alao mnU coploa of tha notico of dafeult to tha ElorrowAr,fo oach poraon vfin la e puty le not In en __
<br /> � eppllaable Inw• Not lose than one month aftar tha Truntno racorda tl�o notico of clrifeult or two months if the iruat property y
<br /> InoorporutoA aity or villnpe end in usod in fermfn�opnrntlono corrlod on by tNo truntar,the fNSiee ahau givo publet�ubtic uction to he hipheat
<br />� en�t In the munnor prescribed by appplicabfe le�ro.Trur.too,without domnnd on Dorrov�er, shUl sell the propertY P __
<br /> Truetualmo9p otpono eetoeof e�utr e y pe ca{tofttfin{nn iuriy by pubtic announcomrnnt et M�ma and piece�of enyrpQev ou6y scheiduled se e. „
<br /> Y � . � Le�dur or Ito do8lqnoo may purchese tho proporty flt eny nole. The rocitiab cannined In �'�=
<br /> '," llpon roaeipt af payment o1 the price bid,Truetoo ehall delivor to the purchasor Tn�niYCe's�eed eonvoying the P►�th proceeds of the sele in tl�e
<br /> Truate�'a deed sholl bo pdme tecto ovfdlonco oT tha trutl�of tho ntatumenta contulnted therein,Truatee ehall epp Y
<br /> � ,+�"" �; foilawinfl ardar• lal to ell oxpensoe of tho oalo, Inoludlnp, but not Iimitod to, i�:esorvabte 7mstee's tees, reasonebte attomey's fees and
<br /> • ;;;;i�:� ; ' rofnistotomant fees;(b)to atl sums Eecurod by thln dned of trust,end lc)tiio baianco�if eny,to the persons lepal►y er�titled to recef•re it.
<br />_ ' ` ' ; ••� 13.Foroatown.At Lendor'e optlon,th9a dood oi trunt may bn foroclosod In cho monner provide by applicable law for toreclosuro of mortgages
<br /> �,rb�
<br /> ' . ,:. ` an roat property.
<br /> . , •r,�1� ! 1M1,�n�p�cHon. Lender may enter the propertV to Infipact it if I.ondor pivos E3orroc��rt�r notice betorohsnd. The notice must state the reasona6le
<br /> .,,. o
<br />-���, t. . '�t aeuoo tor Londar'e lnapoation. _-
<br /> „ ' ,;, 1fi.Coredwnn�don.Barrower ass!on�a to Lender the p�oceedc of any eward or clafm t`or dam es connected wkh a condemnatlon or other taking
<br /> L=^,��
<br /> of ail or�ny part of the property. such procooda will'�b oppllad ne providnd In Covanent 1. is essignment la subject to the torms of any prior --
<br /> ' ' :. eocurity eflreamnnt. _ -----
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<br /> - �'?� 16,WWver.Cy oxorcloing eny remedy aveilebfa to l.ondBr,Londer doae not Olvo u> eny riphle to leter uso en other remedy.By not exerciaing �':'�-°���
<br /> ';rti. � � :"�. eny ramody upan Ectrrowor'e defeult,6onder doee nat�valvo any ripht to Intor cona�dor th9 Bverlt 8 dOfBUlt I}It heppens again. �. _ �_.
<br /> _��,f:,�;4..•�`t 77. JnH�t�nd S�v�nl Liabilityt Co•�I�nen: Suoao4unra �nd Aasipns Oound. Ail dutles under thie deed of truet are Joint and sevorel. Any �r
<br />_,y?_,�,,)i.�;?'.. •�� BnROwor who aa•sl0ne thie daod of truat but douo not ao•sign tho undorlVin da6t insuurnent(e1 doe� so only to prant e+nd convey that °
<br /> t"'i�'�" anyRatftAr Botrowor`�derpthla dood i tr e�t mey oxtnndhmodl{Tyeoif maka e y oUterechen�ea,io the ter e afrtNs deed of trusttorethe secur d � �
<br /> _ ' r wor from tlte terms o�thia deed of trust. `+����""`
<br />- � ' , � dntlt wRhout thut Borrower'e consent and�vithout rot0oslnp thet Aor o _ _ __
<br /> � �� �r•�� `t' The dutinn and benoNte of this dood of vuat ehnll bSnJ and bonniit tho ouccossors rand essipns of Lender and Barrower. ��`�•__�����__
<br /> ----•��.Rj,. I
<br /> ' ' �''� �orrrMwer at thA pro porty eddiosa or anYy other nddro a that Borrowor�hael bgivoi�to Londer Oo rr ofwor wlll give�enybnoticei to Lendee byr Certf ied � I*,=',�
<br /> �� Londdr s eddreae on page 1 of thfe dood of truut,or to ony othor nddroea which Lendar hes desipnatod.Any othar notice to Lendor ahall �,__�— _._
<br /> � moii ta �''�_.,�;-�.�T=-
<br /> bd sont ta Lendur'e eddreae ee statod on paga 1 of thlo tlood ot truet. '�""="�`° `"
<br />- „�•-�••.4...r I nndnr whnn glvnn fn the�nanner etated ahove. �"-�A--~�"w`
<br /> � ' Anp nariae shail lto duomed to havo Daon qivnn io..�•....... 'Y••,' •°y��=
<br /> �' .,7 , ,�.__
<br /> `: 19.7mnofur of ths Prop�rty or a O�n�flcl�i Intorott In the 13orrowor. If atl or any pert of tho proportY or pny[nterest in it is sotd or transferred •.-E.•,i::; y�;
<br /> withaut Lond�r's priar writton consent, Lon�lor muy dmm�nd Immndinto poymont of thasecured debt. Lender mey atso demand tmmedfa4e ,_�.� N �.�.,.,
<br /> ;� pn��mont fi tho Borrower le not e naturei petson pnd a benoilclal Intotost In tho Dorrower ia sold or transferred, Howevor, Londor mey not �`�-�
<br /> ', demnnd paVmont In tho abovo situatlons if It ls prohiGltod bV todarnl law oe oi the data of 1Na Nsod of trust. . :..��'
<br /> ' a'. �!��R-..
<br />_ :� 20.li�aonveyeno�. YYhun the obtigation socurod bY thla dood o1 truat hae bnon paid, ond L6nder has no funher obligation to meke edvancea �• � -+ : �,.�1,
<br /> Z under tite Inatruments or agreements securod by thls doad of truet, tho Truatoa sholl, upon written request by the Lender,roconvey the irust ;•�„�;
<br /> property.Tho Londur ahall dallvor to ths Borro�vur,or to Rorrowor'o succoaenr In fntarost,the trust dned ond the note or other evidence of tho . � ; �
<br /> � ; obligetion sa ootiofiod.Borrowor shell pay eny rocordatlon coato. .:
<br /> ---- -- - _ . .._..____.._....�..,. •...amo hv tirst. mallina a copV Of the _-__
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<br /> 21..9uuae�aor Tneotes. Londor, at Londor's opttbn, may romove �rustoo ana oNV��...����••�••---. - --,-----.----
<br /> � � cubctitutlan of truatc�o na roquirod bY appiicab:e law,and thon,by flllna tfio eubatitutlon of Uustea for record in the office of tha iegister of Oeetla �,; ,
<br /> �i BUaGOOd to u�l thu pawo tdutioss nuthort�Y end ttio of tf o 7ruatoe nomod In tho doad of truat and of snyisuccassorvtrust 0.of the praperty,6hAll
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<br /> ' '1 Ipage 2 0l 21
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<br /> - - BANKEHS SVGTEM9.INC..ST•CLOUD.MN 60301 Ii•800•3'JY•2347�POAM OCP•MTO�NE 0/1d701
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