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<br /> `�;�. .us COVHilAiNTS ,;.`, '
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<br /> r � 1. peymanb. Bortawer agrees to meke atl paymenm on th0 seaaed debt �vhen d�e. Unt�ss Banower and tender s�es oth�uwise, any ,� r
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<br /> i ' ,�� paymerts Lander recelvea trom Bormwe►ar far BorrawaYS banet'it w+11 De aDDUeQ fira+t to any amousrts Borrower awes on tAo eni�ue4 debt
<br /> �ah�ive of inmrest ar prineipo4 secona to(ntetest.druf than m principat.tf Osetial OreP�l�er�4 of the se�eaed debt o�x�ua far mry ressor�it wiU � ` :
<br /> , ,' nat redute cr oxeus�cnY. ^ ►^ ed deht is pald tn fuH.
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<br /> � 2.Rrlms A�nsgt o. a'��r�epr �a tmd othat ehargas eitributa�te to tAe�ap3tty when dua end wDl d�tand tWo `
<br /> ��.;�� ,, �fa es w1d�880 xro�8r �! 8. ��ebor or mdete�P�a1s�I�mQ�tcve a�r�th9{prop9t�ty.����•�� ,�J ,_ .. ` ":
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<br /> ' •' � � ' 3.6�uanc�eormwe�wi0 tcssp tha o�a&�Y tnsurad wder sem�accepteLle to tender at�armwe�e e�enss ene tor LanQer'e Denera.ew �_-�
<br /> • •"• :.,�M„�,r.poQe�ehsp huhcQo e gmndard matgoga dause in tavor of Londe►.lender will be named as tuss payas or tts the insured on a�ryt such '`
<br /> . , ins�nanoe politiy.Any tnsuranee p�oeesQs mey 6e aDDtted.witAin Lendere�o�L to e'dher tAe restvra8on ar cepair ot the demagat!�ayertY : `-°`^
<br /> : ` . '�;`'"� or to ths seaued de6t.N tsndor reQuiros mortgago tRStuanee.Botrower egreea to maintatn such irrsuranes for as lonp as Les�der repuires. , , v,4 =
<br /> ' -�---'' 4.Proacrty.Batrower v,�ill koep th0 propsrty tn good eonditlon end make a11�epaira reesonabry rtecessary. � >
<br /> �,,•_u�-"z=`� -. -`_':-
<br /> 6.Fspsaiaoa.Bertower agreea to paY ef)LenCer's eapensea tnduding reasonabte ettomays'fees.if Bonoyvar breaks enY oovenarRS in th1�Qaeai � , .
<br /> - • of tiust ar m eiry o6ligation seared Oy tNs Qeed ot vust.�onower wi'0 paY these amo�sr�to Lender as pravtdzd in Covenant 9 of this deed ot °.; ;�,�.�:,...
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<br /> � 6.PA�Searstty�ts.llnless Borrower first obtetnt Lende►'s wtitten consent,Borrovrer w81 nsi rttalc�ot pertnit any ehangc+to enll prtar '� �•_ � �
<br /> ' �- sse�aity interesta Bartower wifl psrfarm aU of Borrowers obGgatIons under srry prior moRgage,deed of uust or ather seamtY agreement. '. ..� •.�`'
<br /> _ Uequdireg Barrawsr's eovartants to mahe DaY+nrtus wttsn due. •;L Y,v � -_�
<br /> . . �: , 7.AasT�r�t c1 Rp�ts cnd Pta�Boaowar essi�s to lendar the rems and profits ot the Property.Urdess garrowes end lander have agreed -`'°�.:�„ `.:'°y`,�'
<br /> ���;. otlffirxrCse in wrica�@,Borrower rrtaY ooltect and retain the re�as tang as Bosrowe►ts not in detmitt.it Bortotiver Qefeufts,lender,Lenders • -
<br /> � agem,os a cowt epDointed reeeiver may take possession and manags tha propertY�d coLect the re�rts.Arry rents Lender cottaets shaU be < *-+ -
<br /> , , appGed fiist ta tlt9 cos�of managfn the proGe+N, i�dudins court costs aM ammeys'tees,eommfssions w renta!a am. ta.8nd eny other ' _,- <: . ��v,�.
<br /> _ �. neaessary reta�d oxpar�es.Tha re�ning amour►t of�ents wllf thsn eD9N�AaY+�e�rts o»tha sacurad 62bt as Provfdxd in Cavenant 1. 'H��r:L�r;:;
<br /> - `-..�_. S . . �si f?;.
<br /> '_'Y 8.Ls��tds-Candmn�:Wmatad Utdt Qa�atcymanm.Borrowat agress to eom�ty uvith th8 provfsions of arry fease if thk deed of vust ts on ;-� :
<br /> � •4 a[eesehotd.if 1Ns Qoed oi truat ts an a�mit in e oondomtntum os a plamied unit devatapmsnt.Borrowar wIIF pe�fam�a0 of 6ortowei's duties
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<br /> �=�:+: imder ltie covenams.W�Bws.ar re�datlons at the eortdomituum or ptazm�d unit devatoy�ment. '��. ;: :....� .
<br /> .,� Y_ c•,�. 9.Au�m�ttfl o?Let�La Fsr[mm fQ Bmtmwar.lf Bottow3r fei?s tn�perfarm atry ot Botrower'e duties unQe►tNs Qeed of Uust,LeRder may � <,` �, .;,�;-
<br /> r� v perfarm tlie duties or muse thsm m be parforme0.I.ender may sign 8nrrowet's name orpay sm►amowt if nseessary fot per[armanw.H arry -' ��,;� ,
<br /> :�� •4. `"<<.(` construction on tha proparty ia d'iseoMinued or not cartied on in a reasonaLts manner.LenQer may do whatewr is necesssry W pmteet Lenda�'s .L.;: E2:
<br /> �ewrity iMerest in ttfe properiy.l7Js may indude compteting the eonstruction.
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<br /> .,..� `• Ls�sdefs taihue to pertorm wID not prechtde Lender from exerdsirtg arry of its othe��Ights under the law or this Qeed oi trtut. s c '"'�,; .-�-
<br /> l�.�4�"-- `,,'.�'�"',�'� /�y ama�paid ay tsnder to proteat Lendere securiry i�iest wNl be secured by this daed of trust.Sueh amounts wiU 6e due on Qemand 4 ,..,t�_-� 'p`,;�'}'
<br /> `-�: , r.,. and will bear itrtetest from the date ot tfle payment urail DaId in iW ai the htterest tate in eNeet on the seaaed deb� � ���
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<br /> . . 70.Qofffit ccd'AceeSeragon.I! Bortower faas w make mry paymeM wta�due or breaks any cavenanis unQer thls deed of uust rn eml
<br /> �;,f.:: oDliBatton secured by th�deed o!qust or mry prior mortgage or deed eYavs4 LenQes may ecceterata the maturity of the seaaed deEt and �'� .
<br /> �� , dsmand immed�ate paymerK aed may(mro&e the powor ot saie 8nd em/o�'�r temed'iea permitted by eppticatte taw. ;.�
<br /> `¢� � �'' 11.Reqiast tm(Itottes of Qaimdt.h is hereDy requosted tC�:e�tes ot the notices of dafault and sate 6e sent to e8ch person who is a patty ..�,1 �'
<br /> ' • �` herem,et Usa addresa of eset�such person,as set torth hert�ir. -
<br /> � a,f'}.,� 12 7on�ar o4 Sx�e.M the Lender imrokes tf�.c�wer M saOFS,the Trure,ea sls�t ftrst reoord in the affice af.�s regiscer of Qeads of eaeh courtry � �.`:.
<br /> �,�,'�;�' wherefr�th3 L�t proPenY or some part m C�emT tFuareaf is siwated a rta?lr,Q�t detauh coMaining�����re��e��fatN.�,T�p�
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<br /> �r; ;, shall al�o m�fT uopies af th9 notlea ot deta�:l�t+�the Bortouver,co eacPr.f�a.RSa who is a party h ps not in any
<br /> +�F��;•; �pliCabtg a�Not tess tlram on�mor►th e�ter the Trustee r�'s ttm�f�of Qefauft.or two mtx.7�r�-�e 4rust pmpertY 1 ,
<br /> �,,���' ...�•..s..4 ��a� citY ar viQaga and is usea in tarming oAeratlocs�r'�on t�y�Fce mistat,the T�us'se shaii grva�:O�ia noticq of sato La tha persons ..,, � �F� r '�
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<br /> �;+t;,f,, _. ::::� a:d in the mannar presuibed bY aPAPBcabie(aw.Tru5t09,vei�ebr.sa.-sd on Borroviar.6fr�iL Se1l thB ptOperty at pub.��auetlon to the Nghest ,! . ` t f':�i:
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<br /> :.:,.,r :. �.. ,' ',i :.}' �er.tf ra�ured by the Farm Homestead Protection Aa,'i�a sha�1 aHar ths propert�."sc two separate safes as raq:ota;d by appGca6ta taw. :ii�:.; `,.,�r i��
<br /> �.`<; `Y � ..� .;�. t.e�ew���e9 m�aY pure�ha�se t�he P��D rt1► e y sate�¢�fi^.�.n�neemem at d�a�ime and place of enY P�N sehsdufed sate. '��hrl r.,,���� �r�.
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<br /> � � �tti�K�•� Upon reeafe[� nt of tha price btd.Ttusteo shafl defiver to the purcF►�Tn�atee's dsed eonveying the property.The reeitiafs eontained h► -•�,, . � ' .:-
<br /> "!}L�` Trustoa's d�e:'rh�e pftma taeie evidience of tt�tMh of tlta staLemsr��:rtafned theretn.Tnistea aha0 apyiy thg procaeds of�fe sat9 in the �, ���,
<br /> a f}�, •, tallowing orGe��. (a)to atl e�anses of tha sate, inefuding, but not limite�to, reasan�'B Tnistea's fees. taasonabte attomey's fees and �i"�t Y_:
<br /> -- ;'.,�;'. ,... reUutamment f ees;(b)to a1fi aums seaue A by t h i s de e d o f trtuL e n 4(C 3 t h 0 ba tenee,i f er.f,e s�0 pera o n s t a 3 e1 1 y e n t i dsd t o r 0 c eive it. '� ;,.'' _
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<br /> 13.i�osuYa.At LenQer'e opilon,thta deed of uust may�e toredose0ln ths manner��:s�is hy apaffcabto law for 4cr,�fQSUre o9 mortga�32� � � -� �•
<br /> on real proparc�. _,. .�:ae:�.�
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<br /> � •'• r'}�';: 14.G�s�t.enQer may ertter the prapBSty ao iespect k N lender gIvea Borto�ver r�otia,i�sforehan�-T�s�cuYsa3 ca�.�t stata tha�saabfe •��,,� _
<br /> '.,�$fc',- causafarl�ainspection. ---
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<br /> . .. ' ,` � 4:iIIisr�csresaDan.Borrower assi�ns to Lendar the pro�ot arry award or etalm far d connected witl�a conda^rsw�:lan or othe�taking --.
<br /> . " �t aD er a�ry a�of the proaerty.�3ueh proceeds wiu Oe�qte�i a3 provtded in Covenar�t�asstgnment is subject to r!`ie t�roFina of any prior =_-
<br /> �, • seetarhy��a°�sM. ���, ---
<br /> �• � 10.Watvar.Qe mceroising erry�eme avatta.�b to LenQer,Lender daea nat giveup any rights to tater usa anv otAsr remeQy.By not a„s�eralsing ' '.r r Y . -•�
<br /> ° ,.. erry remedy urpecn Barrowers defautt,�nQer d�rs not wafve any dght to later eonsiGer tha evern e detault ff it happens egain. � . : �_�'_�s.
<br /> t'• ••�� 17.Jain4 mid Seva����y; Co-atyr�era: �uGeoasars mW Autgna Barmd. Aif duttas under this Qeed of trust are joim and sevee�AnY ' _, T._
<br /> Boaowor who eo-signs this deed ot trust but does not eo-sign the underiv�ng deDi irsraumemfsl Qaes so only to�ant and eonvEy that -
<br /> Bortowers h�ierest in the praperty to the Tnistee under tha terma of thls deed o1 trusG tn ad►14tion such a 6orrower agrees that the Len�.r and ,,.
<br /> , , . a�t oUte�Sorrawer unQe�tP�ls Eoed of wst may extend modity or maDce arry other��m t�ie terma o!this deed of trust or th��ed
<br /> debt without tAat Borrovmr's eonsant and retCuut releasing thet$osrower irom 1!►a terms a'�l tiUa deed of vust. � ' :.
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<br /> f z',��di?f+�::�' The duttes an�beneflts ot thfa deed o4 iruat dial3 bind and denofd the aueeessaca and assigr�o!LendEr�v9 Honowar. � t���� .
<br /> ��'` �'? ' 18.Ko4tce.Un!esa othetwise requUed by Fsv�,�^!notice to Borrowar ehati Ee givan by deiivoring ie or by m��it by eertiflad mail eddtessnd to �''��' �'� �r� �'
<br /> - . � �.-�, f3arrowev at th9 property adQresa or ar�SI�o�r eCQress thEt Bortower has ghren to lartder.Banower will givo any nottao to Lender by certiflad
<br /> -_ ��: �, a�,l to LenQeYs sQmrose on pago 1 0}tNa Qeed o1 trusL cz�efil other atldresa vfiicfi Ler.Cer has designeted.Anyr o�at►rtottco to tender shatf �� ,
<br /> -- 0o ser►t to lenQera aQQresa ee state0 on pa..,ce t ef ti:9a dea'J ct trust.
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<br /> - .. •' `"'``.�r: Arry no4tco straft me deemed to have 6eon gl�ae ns Borrower or Lender when given in tha manner atated eL•c,�.
<br /> ` 19 Trm�fci a4 drs�raporty o�a 6errotldal e�r.�rost tn tha Bmrovier.ti e!or�ny part o!ths property cs�-y lntereat in ft ia sofd or�f�ne0 � � "'� �
<br /> i� � witno�terA¢�a prtor wrl4ton cansnnt,Lender may demand ImmeQlato peymeM,o} the seeured dobt Lender may also domand(rr_�+41ato =. ` i "'•�
<br /> _ • ��pa�errt in tfia above situation�.s f it ia pro hib�¢d tiy teQera t taw as o f t t ie e d a e te at�d n�'.w de e 0 p}�u tensterred. Mowaver, 6endor mey nnt '� � ••
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<br /> _ _ ` � � Za.Rtr,enve�mteo.When the obllgaUon secined by thia deed of trust has been paid Erd Lender h23 n�furihe►obii&,-;an to ma'c3 aCvar:ces ��•
<br /> uftCer thv buWments or agreoments secured by this deed of trust,the Trustee shal�, upan mitten r�by the LenQer,recomrey 4'.¢vust ;� gi• �
<br /> �_ � : ���� � proDerty.Ths LenCer ahail deiivsr to tAO Bortowor,or to Bortowera successor in interest the trust deod ar,d tt�e note or other evider�ot tNe ' • .;! °
<br /> ob�paUon ao seUsfled.Barrower shsU pay arry rocordeUon costs. � �2�:�'•'.••
<br /> - • � ' f.���;s�7(��'�.
<br />�'• . �8.Stieeassm Truutaa.LenQer, at Lender's opUcn, maY remove Trustea and appolnt a successor trustae by firat, mailing a capy of th0 ' . .�
<br /> r " s,r�1�UNtYan of trustao a9 raquUea by applicabto law,and th2n,by tiiin�the suhstituUon ot trustea fot record in the offlCe of tAe register of deeQe ' • •
<br /> � a�each caunty in whicfi ths Vust proporty,o�soms Dart thereol.19 BthlBtflA.The sueceasm t►ustee,wlthout conveyance o1 the properiy,shaU �• •
<br /> � a�cceed to att ffi0 powar,Qutios,authority and titte oT the Tnntee named in the deeA o!trust and of any auecessor trustee. � -
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<br /> � ' BANXEp3 SYLTE7NS.uit..ST.CIOUD.MN 68301 11�800�897•�3411 FOWN OCP�rt6NE 8/19/91 ... _
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