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<br /> CQYENAMT� • .,,. �t3���
<br /> 1, /�ym�nt�. 9orrow�r pron to mak� all p�ym�nt� m� thA ��our�d dabt wh�n dun. Unlx�r Borrqwer �nd Lrndxr ABIqY a�h�rwf�a, m1r ---
<br /> paym�nti L�nd�r ►�c�lv��Ir4m Qorrow�r or tor Borrnwer'd bnnsfit will bA +�pplihd fitAt t� �ny�mn�int� 9nrr�w�r nwaw on th���cund d�6t
<br /> •xcluaiw of Int�n�t a piinclp�l���cond to Int�n�t, �nd th�n to prin�IpMl.If pNrtlMl pnp�ym�nt of Ih���aur�d dnbt or.cnk�ta��nyn��on, N wlll
<br /> not r�duc�or�KCUa �ny icFwdul�d p�ymsnt untll th���cured dxbt ir p�it1 In full.
<br /> 2.GW►u Aprn�i �WM�h�{�y��ll tixa,�N��am�nt�, �nc1 otl�a ohMy���tt�Itx�t�LN to th�1�rupnrty whnn du��nd wul ddend t111r
<br /> to th� prop�rtV�p�I t cl�irtAivel�YCM�d Imp�N 1M INn nf thl�da�d of iru�t.UrxNr m�y nqulir Barrow�r to���Ipn�ny tlpid�,cirim�ur
<br /> dNms��whlch dor w �p11b�t�tw�who�uppiy I�bar or nt�t�rid�t�Improv�ar nt�lnl�ln t1�N praparty.
<br /> 3.Inwnno�.8orrow�r wil`liNp'tM'Wopnty Imund und�r t�rm��Ga�ptnbl�to Lmcl�r �t 9orrqwer'��xpnnNO�nd fo� 4�nclei'� benNfft All
<br /> Inwr�ncl po11CNs �hN! inCiud���t�nd�rd mortp�p�cl�u��In f�vor of I.�ndar.L�ndnr w►II h�n�med s�la� p�y��or+��th�Inrur�d an uiy�uch _
<br /> In�unna policY.Any in�u�na{xoa�d�m�y b�• pli�d,withln I.�ndn►'q Alnar�tlt�n,t�Nthnr thn re�tnrnt�nn or rnpnir a}thn d�m�g�d prop�rty
<br /> or to the s�curnd debt. I}lander raqulree martflnpn Pneurence,Bnrro�•�or�prnee tm m��ntnin euah Innurnnne fur en Ic�np ee Lender rMuiru. �__
<br /> 4.hopwty. Borrow�r wlllk��p th�prop�rty In yood eondltinn end mnk��il r�p�kn rne�onehly naa�w��ry.
<br /> 6.Exp�nu�.Borrowe► ap�es to p�y�II L�nd�r'��xp�n�sf�,Inakidlnp r���onAhk ettarney;'foe�,if 6nrrqwer brqwka AnY�suvenann in thi�d�ed
<br /> o}trust or in Iny aMip�tbn s�cu►�d by thl�d��d of tnitt.B�rrawar will pay tt�p�s emnunte to Lmdnr��pravldt�d In Covon�nt 9 of thl�deed of
<br /> truct.
<br /> 6.Priw S�cwky Im�►�sb.UnUs� Borrower fint obtelna L�ndnr'e writt�nn aanl�nt, Barrowqr will nat mnka or permit nny chrnpe�to my prior —
<br /> s�curity Int�n�to. Borrovnr wIA perform �II of Borrowsr's otfllprtlpne undc+r�ny prlar martq�pe, Qeed of ttuFt ar othar �ecurity �pnem�nt,
<br /> Includinp Borrowor'�cov�nt�to m�k�paymmu wh�n Jue, —
<br /> 7.Ass{aiiniiit o7 R��.c.�d :`c�•Borravrcr atslyna to Lender the rnntn end profitt of the property.Uhiu�Barrower end Lend�r h�w spraed
<br /> otMrw�ie in writinp, Borrowe may coilsct md rotrfn the rant�ae lon�eR Anrcowor la not in defauit. if 8orrower dafeutt�, Lendcsr,landsr's —
<br />� apeni, or e court eppointed receivor mey teke poesession and menefln tfin property end collact the ronte. Any rent�Lender cdlects shall be
<br /> epplied f�ret to the coat�of ma�apfng the property, inciuding court coatn anA ettarneys' feei, commits�ana to rentd apenta,�nd my other
<br /> neceae�ry releted expanaai. 7he remaininp amount of rentt will than epply tq payments on the secured dabt es provided in Covenant 1.
<br /> i,L�a�MwltM1 CwdornMdwns;P{��d Unit Gv�loprtNr�t�•Borrow��•oro�s to comply with the provitiona of any I�aso if thl�do�d of truat�i on
<br /> •Nas�hold. if thts d��d of trutt ii on a unit In a r.orxiominium or r plynnAd unit devolppmpnt,Barowa wiN psrfam sil of Borrow�r's dutba
<br /> under tM coven�nt�,byhws,or repulrtb�e of the eondtimfnium�r pl�nned unit devefapnt�t.
<br /> 8.Authaky of I.�wMr to P�rform fa lon�ww. If Borrower fails to�r.rform+nY ai Burrpwer's durie�under this deed of trw� l.ender mey
<br /> periorm the dutiss or c�ut� them to bs psrtdrr.ied.Lsnder may slqn Florrnwnr'�nWne or pay any smount if necess�ry for psrfamancs. If any
<br />- const�uction on the propaty le diecontinued or not cirr(ed on in s re�sonti6k�mnnnnr,L�nder m�y do whatevsr la neceasary to protact Lender'•
<br /> security intereat in tf�e property.Thi�may lnalude completinp the constructtun,
<br /> Lendar'�feilure to perform vviA not preclude Le�dar trom exerclaing sny of It6 othnr righta under tM law or thia deea of trust.
<br /> AnY amounts paid by LeMer to protect Lender'a seouYity interest wlll be secured by t�is daed oi trust.Such emounte will be due on demand
<br /> and wtll bea►inte�aot from the date of the payment until paid in full st the intun�t rate in efP�at on the seeured dsbt.
<br /> 10. D�(Mdt md Aec�irNfon,It Bo►rower fails ta make eny paymeM Nrhvn due or breeks �ny covenant�under this deed ot rrust or uny -
<br /> pbllgation aecurad by thM cleed ot truat o►any prior mortpsge or deed of trwt, Lender msy accelerate the maturity of the secu►Bd debt and
<br /> dem�nd Immedlat�paymat and mey invoke the power of aa��ind any othsr nmsdiae parmittsd by applicable law.
<br /> 11.Rpwat iw Natic�of D�hult.It ia hereby requested thet coplei of the notice�of defeult�nd u�s be sent to e�ch person who le a party
<br /> fiereto,�t the eddnts of�ech�uch porsan,as�et forth haretn,
<br /> 12.PowM of Sal�.If tM LenCer Invokes lhe pow�r ot aala,ttw �i rustee shaii first rocord in ma oriice ov the ropisier ui deaJs ut eei.Y t�uaiy
<br /> wMrafn the truet property or�ome pert ar percel thareof Ie aitwted�notfce of defeult contalnlng the informatlon requlred by I�w. Tha TN�tee
<br /> sh�ll �I�o meW copNs of tha notic�of default to tM.6orrow�r,to sach peraon who Is a pa►ty t�ento,and to other psrsons a� �eacribed by
<br /> applic�6N law. Not bs�than one month �ftn the Trustee ncord�the notice of dsfault, or two monthx it the vunt propa►ty�s not In�ny
<br /> tnwrponted cfry a viilp�and Is usad In fuminp o rations carrbd on by the truator,the Truitee shall plv�publlc notice ot�ale to the pertons
<br /> ��a in tHw rn�nnw�nrwwnil�wri hv�nnnlleabl�I�w. n�atew,wlthout dsmand on Borrow�r,ahall s�ll the propsrty�t public auct_ion to tM hlphe�t
<br /> blddsr.If r�quked tiy ihe Ferm Home�tead Proteatlon Act,Truntee shell oHer the property In twa separate eales ae requirea oy�ppi�c.uto iaa.
<br /> Truatea may postpone t�N of all or any parcel of the property by publlc en�ouncement at the tlme end place of any prevlousfy�chaduled qle,
<br /> Lender a its desiyrne m�y purchea the property�t eny sale.
<br /> Upon nalpt of�ym�nt of tM prlc�bld,TruatN shNl daliv�r to tM purchaar Trutt��'s de�d conv�yfnp the propsrty.TFN nCitl�ls contakied In
<br /> TrwtN'�dNd sh�ll b�plm�f�cH evWkncs of the truth of the atat�msnt�cont�in�d thersln.Tru�t�e ahNl�pply the proca�ds of the ale In tM
<br /> tolbwMq ord�r: (d to W �xpsnus of th� �d�, Ineludlny, but not IImlt�d to, nasonabh Trusts�'a i�e�, raason�bl� attorMy'�f��� �nd
<br /> r�tn�nt iM�;lb)to rll wm���cund by thl�dNd of trust,�nd(al tM b�l�nc�,lf�ny,to th�p�rso�s I�p�lly�ntltbd to r�aiv� It.
<br /> 13.Fa�doeun. At Lend�r'�optbn,�M�d��d ot truat may b�forecb�ed In tM m�nn�r provld�by�ppllcabl�law for for�cbsun of mortpayes
<br /> on r�al prop�rty.
<br /> 14. p�o tbn. L�nd�r m�y mtsr the proporty to Imp�ct It ff Lander plws 8orrowa notice beforsh�nd.TM notlee must�t�t�tl►�n�son�bN
<br /> cws�for L�nd�►'�Insp�ctlon.
<br /> 16.Ca�wNon.Borrower�ssipns to L�nder theprocesde ot any�ward or clalm for dams�ei connected with a condemnat(on or othx t�klnp
<br /> ot dl or�ny pKt of tM property.Such proceed�wfll be opplbd es provided In Covanant 1.Thl�as�Iynm�nt 1�subject to the termc of�ny prlor
<br /> Ncwity�QrNm�nt.
<br /> 16.WYwr.By exucislnp any r�medy�villabla to Lender,Lender does not plvs u��ny rtpht�to latsr u�s�ny othar nmady. By not exerclsinp
<br /> ony remedy upon Bor�oww'e default,L�nder doss rat wa{ve�ny riyht to I�ter cons sr the event a defeult if it happ�m�yain.
<br /> 17. JoMt �nd SwKd�s Co•�{pr�if Suee�t�a� �nd Ass{p►s �a�e�d.Ali dutl�s und�r thls dNd of trust as Jolnt and a�wral. Any
<br /> Borroww who catiprn this eed of truit but does not co•tlpn ths undaIy1ny debt inatrurrhntl�) do�s w only to qnnt xd convey th�t
<br /> BorrowK'�Int�re�t In tM props�ty to the Tru�tee under tM terms of thu dsed of trust.In�dditbn,�uch�Borrowsr prese that the Und�r�nd
<br /> �ny other Borrow�r undu thb deM of vutt may extand,modi�a mak� any other chanpes In tM termt o}thls deed of truat or tM s�cund
<br /> debt withuut that Borrower'e consmt�J wlthout rskasing that orrowar from th�terms of thlt d��d of trust.
<br /> The dutles and b�n�fit�of thl�deed of trvat shall bind�nd benefit ths cuccsstas�nd��sfpns of Lsnder and Borrower.
<br /> 1�.NMk�.Untea�othxwis�roQuksd by�aw,any notice to Borroww sh�ll b�piven by deliv�ring it a by m�ilin{�it Uy certiti�d m�il addrau�d to
<br /> Borrorwr at the pro �ddrsss a�ny.othar�ddress that Borrower hn plwn to lsnd�r. Borrowss wlll givs any notica to L�rdK by drtitkd
<br /> m�fl to Lender's ea�on pape 1 at tA�s deed of trust,or to�ny otM►�ddms whlch Lsnder ha�deslyn�ted.Any other noticl to Ur►dsr shaN
<br /> b�sent to l�nder'��ddncs+�st�ted m pnpe t of thls desd of trust.
<br /> Any notioe shell M de�m�d ta haw b�sR gtven to Bcrrowa w L�nder wMn plwn in tM m�wr st�ted abovs.
<br /> 18. Tr�i�t ot tM PrapKity a �B�t►HIciM Mtw��t M tM dortow�►.If elt or�ny pert of the prope�ry or eny intersst In it b sold or Vensferrsd
<br /> wkhout Lerder's prlw writtan cons�nt, Lander may dem�nd Immediate paymsnt of the securad debt. Lendar m�y also dem�nd immedfats
<br /> _, p�ym�nt H tha Borrowr �s not �natural person and a ben�ficfal intersst fn the Borrower la sold or trensferred. However,lender m�y not
<br />— domand payTOnt In theo�ove situetfons If It Is prohlbited by tederal law es o+the dete ot thls deed of trust.
<br /> 20. R�eo�wy�nc�.\Nhm tM obllqatioh secured by thl�dsed oi trust hns been pald, end Lender has no(urtMr oblly�tlon to msk��dv�nca�
<br /> = und�r the In�trurrnnts a sp eements secured by thls dead of trust,the Truttee shdt,upon written raQuost by ths Lender, raconvey thn trutt
<br />- prop�rty. TM Lender �tuH dNiver to ths Borrowx,or to Borrower'e cucces�a In Intsrost,the trust deed end ths nots or other wid�nce oi tM
<br /> obli�atbn so utldled.Borrower�hall pay�ny recordetlon cost�.
<br />" 21. Suec�aa Trutt«.Lerwkr, �t Landar's oPtion, m��emovs Truatee �nd �ppoint ■ aucceasor trustee by first, mailinp e copy of tM
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<br />-.� �YY041Yt�V11Y1 l�YilOSw�vy�nv�vt�r�n�wwv.����....v�..�..�.. ..... ...� ����...�..�..�.���.��.�..���.�...�..��...�_ �.�.�._ __... .�.___._
<br />'# of each county in whicii tho Vust property.oi some part thereo�,Is sTtuyted.7ha euccesaor trustee, without conveyance oi the p�op�rty.sh+�l
<br /> i succ=cd L9 atl thr Fv=_r1,c-'utles.���thnrity nnd tltle of tha Truetee nemed In the deed of cruat and of any successor trustee.
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<br /> EMIKE1156YSTEMS.�HC..ST.CLOW.MN6630111•EIXl•J97•2�411FORMOCY�MTWIEO/1919� /
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