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<br /> COVENANT� Qf!„� ����10t]
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<br /> 1. ��ynNnl�. BarowK prN� to m�k� �N p�yrt�nu on tF►�t�cw�f d�bt wh�n dw. U��� 1a►arw► md l�nd�r aprN othMw4�, �ny
<br /> uxc�iw of I���t�irnt a principai,ucond tontir�l�nd Mn to�princfpd,I�!pi��l��payr�+nrM of iM t�turi�d�dt xC��for�ny��on,�ft wbN
<br /> not nduc�a�xcus��ny�cMduNd paym�nt untll th���ca�d Mbt I�peld In full. �
<br /> 2.CNiY+w A/�Mwt 7W�. Bor�ow�r wlll p�y�q tax��, atuurrNnt�,md oth�r ch�rp���ttrllr�ubN to ttN prop�rty wMn dw and wfll dtt�nd titN
<br /> to tM propetyapaImt any cidm�wMch wouW Impak tM Il�n of thl�dNd of tru�t.lu�r may nQuir� sorrow�r to�s�ipn any rlpht�,clNm�a
<br /> d�f�M��whlch 9orrow�r m�y haw�pa�ru�t p�rtN�who supply I�bor or m�tHlal�to Improw ar m�lnuln tM prop�►ty.
<br /> �. M�urr�a. Borcoww wNl kNp th� prop�rty knwod undK tKm��eapUbN ta L�ndN�t Bwrowa'��xp�ns� md ta L�ndN'� b�n�fit.AM
<br /> Insuranc�polici��shall inekide�stmdard matpp�cl�un In f�va of L�nd�►.L�nd�r wIN b� nam�d��loa pay��a��tM Iruund on�ny�uah
<br /> Innixerten pelicy.Any lneurertce proceedn mey 6e epplied,wi�hln Lender'f di�cretbn,M elther the rertantbn a r�p�lr of tl►e dema{�l pro(»►ty
<br /> a to th�wcw�d d�bt.If L�ndu nqulr��mort9ap�Irnwanc�, Borrow�r�prN�to m�IntNr��uah Insa�nc�for��lonp a�L��r r�quin�.
<br /> 4,hop�rty.Borrow�r will k��p tM prop�rty in pood eondidon and m�k�NI npaln nuon�Wy nea�s�ey.
<br /> !.Exp���.Borrowsr apre��to p�y all L�rxlar'��xp�ns�b includinp n��on�bM attarnys'f�s�,If Borrows�bn�ki�ny cav�nant�In thl� cNad
<br /> of vuet w In�ny obllpation s�nx�d bV thl�d��d of tru�t.Bo►rowu wfll pay th�t��mount�to L�nd�r ts provid�d In Cov�n�nt 9 of thlf deed o1
<br /> tru�t.
<br /> i.rrlor i�aertty Intaal�.Unks�Barow�r fint obtNn�l�ndw'�wrltt�n con��nt, Barrowsr will not mak� or p�rmit any eh�np��to sny pior
<br /> c�curky int�rastt. Borrow�r will p�rfcrm all of 8orsowar'o ohlipatlona unde any prior mortaapo, deed of trust or other tecurity epnsment,
<br /> includinp Borrowx'�covmantt to msk�p�yment�wMn dua.
<br /> 7.A�y�r�t of Ibnb�w!►roflq.Borraw�r�alpn�to Lmder th�rants and profite of the property.Unkss Borrowsr md Und�r h�w�pn�d
<br /> uihMiwi:.�In z:��tirs�„ 3arroti::a�r..:y aalfaa:artd:otatn:ha ra�te a: !anp a�?Qrroe:ar le no! !n deteult_ If E�orra�e��ef,���ItR, I.�nder, lender'e
<br /> apent,or a court�ppointed ncdwr may t�k�potRUSfan�nd mmAga th�propnty aixi coHAtt tM r�nte. Any nnte l�nd�r colleat��hall b�
<br /> �pplNid tilat to tM cost�of man�pl�p the {xop�rty, Inoludi��cowt oo�ts�nd attorn�yi' T���, commiubm to nntel�y ent�, and�ny other
<br /> n�o�wary nlated rxp�nN�.TM r�enaininp amcunt of rent�will thm�pply to p�ymsnt�on the aaund debt e�provM�d in Cuvsnent 1.
<br /> i,l�Mwlds•Ca,dominkans;Fl�»d Ur�it D�vMopm�nte,Borrowx�pr��i to comply with tfia provhloni of my I�n�if thl�dasd of trwt i�on
<br /> a le�phold.If tMi dNd of uwt i�on a unk In�candomin{um a� plinrnd unit d�wbpmsnt, Bortowsr will po►tam�II of Barrowx'�dutla�
<br /> undK ttN cove�wnt�,byI�w�,or rspulationa of th�condominium a pianrwd unit d�vebpment.
<br /> �. Aul}w�lqr of L�odw m P�rlam fa�orrowM.If Borrow�r i�il�top�fam �ny of 8orrow�r'� duti�s undw tNi�d��d ot trust, L�r� may
<br /> psrtam tM dutiec or ctw��tMm to be p�rfam�d. L�rxNr m�y slpn Harcorw►'s n�rtN or pay�ny�mount if rwc�sary fa p�rform�na. If�ny
<br /> conttruction on the propKty it discontirwsd or not axri�d on ln�re�son�bl�mann�r,Undsr m�y do wh�tevK i�n�cea�ryr to p►ot�ct L�nde'•
<br /> Ncwity Intw�st in tM prap�►ty.Thin m�y i�clud�compbtkp ttM con�truction.
<br /> Lend�r'�fNlurs to porform will not pnclud�L�nd�r f►om�x�rcidnp�ny ai It��ther riyhtz under th�I�w or thit d�Yd of trust.
<br /> AnY�mounb pald hy L�r�►to prot�ct L�nd�r'�acurity Intsre�t will b�acured by thit dsad of trust.Such�mount�will b�dw on d�mu►d
<br /> �nd wfN MK intenst hom the dat�of ths paymsnt until pdd in full�t tM Intxe�t rete in ettect on tM secursd d�bt.
<br /> oWipaton�i�id by t���d�id�oftruit w anV pb► �mortpap�a di+d of uuctulindet�m��V�aaCAllf�t MHM Illat�iulri of M iecuridjrhbt�ind
<br /> d�m�r�d imm�diat�payment�nd m�y invok�tM pow�r of ule md�ny oth�r nmsdi�s pnrmftted hy qpllc�bl�I�w.
<br /> 11.Mqwet ior Notfc�of DNwk.It is Mreby requ��tsd that eoples of the nntico�of dsfeuFt�nd nte b�sent to��ch psraon who I�� pwty
<br /> hN�to,�t tM addren of��oh tuch p�non,�s s�t farth h�nin.
<br /> t2.PowM of 8do.If the Lender invaka tM powef of saM, tM Trusta shdi fl�ot rocad In the oftic� of tM npi�t�r o}dMd�of�acf�county
<br /> wfiereln tM nuat propsrty or eome pArt or parcN tMrsof I�situated�notfc�of d�fault conta{n{nf7 th�i�(ormatbn nquk�d by law.TM TrwtN
<br /> shsll elto mii) cocle#of itw notice of d�f�ult to tt�Barrower,to each p�non who Is a party hento, md to otMr prrsoru�spr etcrfb�d by
<br />- �ppticebl�Nw. Nbt I�«s than one month aft�r ths Trust» record� tM notic� of d�f�ult. or two months if tM trust propKty ic nat In�ny
<br /> _ incorpont�d city or vll�s{�arxi la used In tarminp o atbnt carrlyd on 6y ttw truator,tt►;Truatas�tull aivs oublio notla of��to tM p�rwm
<br /> ■�Kl i��tria mr^sr_r prescrlbed b�eppp!?_ab!e!a•r:.':�::a:,w�iiWUi o�m�rw on Bonowsr,�hall�dl tM propsny�t pubNc�ualon to ttN MptNSt
<br /> = biddv,If rpuksd by th�frrm Homestnsd Protectton Act,Truste��hall aHa the prop�rty in two ep��te seles�c requked by�ppWCaW«Inw.
<br /> Tru�tN m�y po�tpone s�N o}�11 pr�ny p�rcN oi 1M p►opKty by publlo�nnouncema�t�t tM tim�w►d pl�ce of sny prsvbutly scfw�dubd ulr.
<br /> L�ndK o►k�desqnr�miy pvrch�te tM prop�rty at�ny s�N.
<br /> Upon nuipt of p�ym� �r►t of tM price bkl,Trust���h�H d�liw►to tM pwcha�sr TrustN's d�ed conwyiny th�prop�rty.Ttw reoftieb oont�kwd i�
<br /> TrustN'�dwd�haM b�prfm�taci�svidNns�of tM truth of tM�tK�mmts wnutn�d tMreln.TrustN shNl apply tM rxoeNda of tM�aN in tM
<br /> foMowkip adK: (�) to �11 �xp�n�ae of tM ��N, includMp, but not Nmit�d to, nuon�bls TrunN's tNS, rsawnadM �ttarMy's fNS +nd
<br /> ni�at�nrtw�t t�u;(b)to dl sums t�cw�d by thb d��d of trust,�nd(c)the b�l�nc�.If�nV,to tM pa�on�I�pilly�ntkhd to naiw k.
<br /> 13.FondoMw�.At Lander'�optbn,thia dosd of trust m�y be fonclosed in tM m�nner pravid�by�ppliubN Nw fa foncloaure of mortqpps
<br />� on ro�l p►op�rty.
<br /> 14.�y� L�nd�r may�rrter tFk prop�rty to Insp�ct it if Lender pive�Borrower notks befarsMnd.The notip mwt�t�t�th�rlasonlbis
<br /> ; cwto fa L�ndir'�Mtpeetion.
<br /> �
<br /> ' 16.Coed�m�Nbn.Borrow�r�ss M to L�rd�r the oceadt of any award a clatm tor d�ma a camect�d with�corxNmnation a otMr takinp
<br /> � of�M a x�y part of tM property.�uch Rroc�edf wi�b�applied e�provW�d In Covensr►t 1.�ii��a�pnm�nt Is�ubHct to t1►�tKm�of�ny prior
<br /> ll
<br /> acurity�pr»mmt.
<br /> t td.Wdw►.By�z�rd�inq�ny rsmW1r�vail�bN to L�ndar,LenMr do�a not qiv�up�any riphts to latK u���ny otMr r�m�dy.8y rwt�xMCidnp
<br /> ' �Mr nm�dy upon Borrow�r's d�tautt,Lend�r dwi rat wriw sny riQht to labr consid�r tM�vant�tHtwit if it Aappms�p�in.
<br /> � 17. Jdnt rwl s�wrr LI�bMity;�Co�{p�r, 3uee�s�on rid A�MOns dound. All c1utM� undsr thl�de�d of trust an►oint�nd s�wral. Any
<br /> , Bonoww who co•slpns this d� of uwt but does not cwslpn the undKIyfnp debt IrntrumsMl�l daa so only to prant�nd corw�M tha*.
<br /> Bor►ow�►'�IntKwt M tRte propNty to tM TrustN urxMr th�ts►m�of chl�dNd of vust.In�ddhbn,wch�Borrowe prN�ti�t tM L�rwl�r�nd
<br /> �oY othK Borrown undn this M�sd of tru�t may�xtend,modi}v or m�k�any othK cF►�rq�s in th�t�rm�of this dNd of trwt a tM t�cursd
<br /> d�bt wkhout that Borrow�r's con�snt and without rsNasinp that garoww from th�tKm�of tMs dNd o!vu�t.
<br /> The dvtN��nd b�rwNts of tfifs deed of tru�t nhall bind�nd tNrHfR ths aucceicors�nd estipns of Lend�r and Borrowe.
<br /> • 18.WM{a.UnMa otM►wlss rpuN�d by I�w,�ny notics to Borrower ahNl M pivon by d�livsNrq It a by m�iHrp it by c�rtititd m�N�ddress�d to
<br /> Borrow�r�t tM pro �ddw�s or�nY�otMr�ddress th�t Borrowsr hu D�iwn to Lar�r.Borrowx will qfve eny notice to L�nder by c�rtMisd
<br /> ' �►a 1!to L�rxNr's�on p�p� 1 of tMS d��d of ttwt,a to�r�r otMr�Wlress whieh Und�r has Msipn�t�d.Any otMr notk�to Lsnd�r�haN
<br />;'� bs sem to�K�der'��ddr��s aa stat�d on psp�t ot tht�dNd ot truu.
<br />� Any notice rha0�e deemed to have b��n piven to Borrowe o►Lender whon piven in the m�nnsr�tat�d aDovs.
<br /> '• 18.Tr�t�r of th�Prop�ty a�Y�f{dd IntuNt M tM 4orrow+r. If tll a any pan of tM prop�rty or�ny int�rwt in it iQ cold a Van�f�rt�d
<br /> � w3thout Undwr'�prior wrkt�n coment, L�nd�r may d�nund Imm�diata p�ymsnt of tM sacund d�tit.I.�nd�r rrNy also demand Irrrn�di�U
<br /> payment if ttw Borrowsr Is mt e rucvnl p�rson�nd • bnlficiel Int�+sst in tF� BarovvK I�so�d or trrns(Nr�d.Hovww►, L�ndK may not
<br /> demand payment In tM above dtuatbne if it ia prohibited 6y Iedenl I�w ss ot the dste of thin d�ed of truat.
<br /> 20. R�conwy�a.When tM obtip�tton s��urecl by thfs desd of truat haa been pald,and Lendsr lus no further obtip�tio�to mak�advancss
<br /> under tM instrum�nts ov�9rMm�nts sacund by thfs de�d of truat, the Trusteo shall,upon written rsqwst by tM Lend�r,reconvsy th� Vuat
<br /> obt+�nan�satltfhd�Borroe�esh''�tM Borrowor,or to Bonower'�succeaor i�fnterett,ths vust d�ed�nd th� not�or otMr svkNnc�of tM
<br /> p pay any ntadation cosis.
<br /> w� s_._�__ �_.�_ �__�_' .... �__�_'._ _�'_ __"'__"�r_'�.__ '_� ____'_. ' _".�_'.. .._....__�.._ u.�.. _._m.._ _ ��..�.L
<br /> � �.� � • yyvn�� v .�n � 1 4 � �11 w1�7
<br /> substkutan of trustse ss requfred by�pplic�ble ew,and t n, by filinp the auD�tRut(on of truat�s for neord in tM ofHc�of tM rpistK of dNds
<br /> of��Ch county In which the trust property,a some part thsreot,u situated.The succs��er tru�te�,without conwyanc�of ths prop�rry. thetl
<br /> tuccNd to NI tM powsr,duth�,�uthority and titN of the Trust�e n�msd in the daed of ttuat�nd of my succenor trustN.
<br /> rpap�?0/21
<br /> lANKHIS 6VlTEMS,RIC.,ST.ClOUD,MN 66701 I1�OOJl7•2]{l l FORM OC►-MTG�NE!!tll�l
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