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� . .. . � ,r ... . �` '`"` °' �`-,�---_ <br /> .ti � Q1?� -.;•-�- � <br /> .��'�'``j_„ R�;�Sr.:J---- '_ ° _ .�'o`P�l�y.y ,, ..';qt=�,::.iR=, .'-,��. •- _._._.. .y_�`�-�---- <br /> _- _ - -�rn.a�...'. <br /> ..�.� ____-..-_-__-_ <br />--- _ <br /> .. , , <br /> � <br /> . . • <br /> . <br /> �o�."""T. 98- 1�i5�s <br /> 1, �a�rte�'s. �arre:Y:r e,r_e ec m!he •N p�ym�m� a�tF►� s�aww! d�bt wh�n dw, UnN�• YorrowN �nd Lnxbr p�N olhawls�, �ny __ <br /> p�ym�nU UndM nalvu (ram sorrow«a la sorrow�r'�l»n�fh wIN 1»�pA1Nd fMlt tO �ny �(iwNi�ti 6„iiuw:: �w::un iM wcurwl d�bi <br /> �xclu�lw o}Int�r�Yt or principsl,��cond to Intunt,�nd thln to prfnalpN,lf pMil�l p►�p�ym�nl of tlu��aw�d drbt nocur�ler�ny n��on,It wlll <br /> not nduc�or�xcu���ny�ch�dul�d paym�nt untfl th���ound Q�tst I�p�ld In fu11. <br /> 2.CINm�A4Mn�t TM�.'Oatov4iT'IVI11�A�►y.n trx:�:�LIM�m�nt�, md oth�►oh�rp�� �itrlbut�6N to tha p�oMrty wMn du��rxl wlll daf�nd tltl� <br /> to tM propety �I �y oM11n1�wMOh would khp�Irt�INn o}t�N�dNd of trwt,L�ndn m�y raqulr�BorrowN to�ulqn�ny rlyht�,cl�irn�m � <br /> d�t�n���which� w m�Y h�v�Cl�lnit�YMr•who upply I�bor or m�tald�to Imqov�or m�lnt�in th�prop�rty. <br /> ��, �. ,��� , .�. . <br /> 3.Mswark�. BorroVur.wlll k�sp ttis prop�rty�ltt�und under t�rm�aec�pt�bl� to L�nde �t Borrow�r'��xpsn�� �nd for L�nrMr'� b�n�ift,All <br /> tmwanu pollcN��h�ll Inck�d�a�t�nd�rd mortpW�clws�In f�vor of L�ntMr.L�ndM wul b�n�m�d�s loi�paya ar��th�In�und on�ny wch <br /> Imuranc�policy.Any Insunne�procNd�m�y 1»�oali�d,within L�nd�r'�dl�cr�tbn,to�IthH the n�tw�tbn a np�k of tM d�m�9�d prop�rty <br /> or to tha�ecursd d�bt,If Under rpulre�mortp�ps Iriwnna,6orrow�r apre��to m�In1Un such intu►anc�for a�lorp��L�ndsr nqulres. <br /> 4,Propwty.Borrow�r wfll k��p th�property in pood condltbn�nd m�k�dl npNn na�onably necuury. r <br /> 6.Exp�ns�s.BorrowN ayrMS to p�y ell Lender'��xpent��,Inoludlnp re��onsbi��ttorrnys'fee�, If Borrowar bre�k��ny covenente In thfs dead <br /> of uust or In any obBpation sec�xed by this dsed of uust.Borrower wlll p�y thase�mounts to Lender�s provided in Covenant 9 of thla deed of <br /> trust, r_ <br /> 6.P�la S�eurity lot�ntls.Uralesa Borrower firet obtalna Lmdar'�writt�n eons�nt, Barrowtr will not make or:rermit any chonpes to eny prior <br /> s�curity Intarssts. 8orrower will perform �II oi Borrower'�ohllyetbns undv sny p�br morty�p�, drrd of trust or other security eyreement, <br /> Includinp Borrower's covsnanta to mak�p�yrtients when dua. <br /> 7.Aalpmnwn�of R�nta�nd Proflb.gorrower�solpm to Lendsr tM rsnt��nd profits of tFw prop�rty.Unbas Borrower and Lsndsr have ayre�d <br />' atha:r:�ce In writlng.Borrower m�y eotienr���c�et_In;!:a:cnia a:to��:c oa�rowa�I:�.:.i in u'otauf.. iP Carrc•nrsr�ctaults, LanCo;, Lon�'er'� — <br />� epent,or a cuurt appolnted raeofver mey teke poeeeaalon and menege the property�nd eaibet the rsnts. Any rente Lender colisct� shall be <br />- appliad first to the costt o} man�pin9 the propertV. IncNdlnp court co�t� �nd ettorneys' feea, commiulonR to rental eyente, and any other <br /> neces�ery releted expenses.Ths remalninp+�mount of rant�wfll then epply to peyment�on !he�ecured debt�s providod in Covsnent 1. <br /> �,EwN�ol�;po�do�r�xnr ryrr��d UNt Drvdopn��b.Borrow�r�p n�a to comply whli tM p►oWsioN o!�ny w�a�If thl�dNd of tru�t I�on <br /> �NaNho{d.It this dNd of ttutt N on�unk In�eondomk�lum or�planned unit d�wbpmmt, [ionowsr will pwfam all of Borrowa's dutMs <br /> undor the covatUnt�,by-law�,or rqul�tbns of tha condomMium or plar►n�d unit d�wbpm�nt. <br />_ 9,/��y p}�«� � �«(orm ip ionowK. If Borrowor f�Il�to �rtwm �ny of Bor�owe's dutiea unnsr t�ia de+nl vf tru�t, Lend�r m�y - <br /> �ns r�bn on tlw�p oapir y li�d il�ntlrxud a not�car�l�d on in�r9a on�bl�m�nn�i,Lind�rYmay do w atever'a�neceasary to��o it et Li��i <br /> s�curity interest In the(xope►ty.Thl�may inelud�compl�tinp tM construction. <br /> Lend�r'�fallure to p�rform will not pr�clude Lerxler from exsrclsirq�ny of ita other ripht�under tha{aw or thia desd of aust. <br /> Any amounta pald by Lander to protect 4end�r'a security intsrest wfil be sacured by thte deed ot t-us2. Such amourtts will be due on dem�nd <br /> arxl will b�ar IntK��t ham the d�t�ot the paym�nt until pdd in full�t the Irrtersst r�te In effiect on the aecurod debt. <br /> - 90. D�iw+M and A�eiii+�tlan. if Borrowe� feila to meke eny payment r�hen due �r br•naks:�y cove�anw urw+x it�is deed of trust or any - <br />- oblipatbn pcured hy thla deed o}tru�t or�ny prior monpape w d�sd of tn»t,lsmler rnay�cc�Mnt�tfis m�turity of the sacured dabt�nd <br /> demand Immadiate payment and m�y Invoke ths power ot t�k�nd�ny ot?ver Temedioe perrnftt�d by eppllcabls law. <br /> 11. R�qwtt fM Natklr ot p�fwlt It Is hereby nqusst�d th�t eoplis of the notices of dofauh�nd s�le be s�nt to each persan who Is a p�rty <br /> Mreta,�t tha adthe��of each�uch p�non,�s a�t forth Mr�fn. <br /> i2.Fai::�a!5��0.!f!!;s:ondar L�:�a�se L.ha�wet ot.�k,q1,�7n�atee shall fMrt racord in the oHice af the rapiater ot dend�of e�ch counN , <br /> whbrein tM tru�t pcop�rty or somn part or puc�l tMrwf la aih+ated a notica of def�uft contdninp ths iniorm�tion r�uired by I�w.The Tru�tss <br /> �hatl dw meil capl��of ths notice of defauR to tha Borrow�r,to�ach psr�on who li a pety hw�to, end to oth�r psrson��sp►�iCribed by <br /> �pplfcabl� Mw. Nat ks� than orw month aflv the Tru�t�� rsco►d�tM r•Atic�of defwtt,a two monthe Ii tfie tru�t propsrty i� not in any <br /> t�corporat�d�:i2y a vNlp��nd I�us�d in farminp opsntlon�curled on by ths trwtor,the Truns�sh�l!pive publlo notic�of ssN to tM penon� <br /> and in the m�nn�r pnsafb�d b �pppllc�bi�I�w.Tru�t��,without demmd on BorrowK, sh�H s�A the prop�rty at publb watfon to the hiphut <br /> ..,�'��; :!:�,...,....+�,..►..c....,��M..�.,�a.nr�n.ten Ar.r.T►uata��hall oNer the p►opaty In riyo�epareta�ak���nquk�d bV�oulk:abl�law. <br /> .,,..._...., _._ ._... <br /> Lnda or iti d�iilpna may Pw�h��t��Pe►tY t�y ql�Y by pud110 mnouncentm�i�a ii�u u�ne enu p'i�ce oi�ny{x�WOUiIy tCMduNd��I�. <br /> Upon n t of paYrtNnt of ttN prk�bid,TrwtN shaU d�Nwr to tM purel►uN TrwtN'�dNd eonwvina tM prop�rty.TM naltlalt cont�k�M M <br /> Trust»'� sMx lie prim�f�c�z evWbncs of tM uuth ot th��t�um�nt�cont�kxd thK�in.T�u�t�i sfi�N�pply ttw prooMds of tM s�M In th� <br /> folbwkq ord�r: (�1 to �11 �xp��w� o} tM t�N, Inck�dlrp, but rat Ilmft�d to, r��wnat�N TruttN'� f��, nuon�bl� �nan�y'� fwa �nd <br /> rNrnUt�nt fNS;lbl to�11 swn���curW by thi�dMd of Vuat,�nd(cl tM balM�,if�ny.to tM psnorn bp�Ny�ntftNd to neNw It. <br /> 19.For��.At Und�r'�optron,thi�dNd of tru�t m�Y�ta�cios�d In tM m�r provide by�ppllc�bb I�w ta fa�clowr�of mat�ap�� <br /> on nal propKty. <br /> 14.Nwp�olion.L�ndK may�nt�r th�propety to inap�ct it if l�ndK p1w�BorrowK rat�c�b�fonh�nd.Ths notica muat stat�th�nuqn�bl� <br /> caus�ta L�r►dsr's Irnp�ctbn. <br /> 16,ConeNn�tloe,Borrow�r�ssIpns to Lsnd�r thapracNd�of�ny award a claim fa d�rn�p1�eonnectsd wkh�cond�mn�tion a other takkp <br /> of dl a�ny prt of tM plop�rty.Such proeNd�wfll b��ppli�d�s provldW in CownaM 1.Thl� �uipnmsnt i��ubJ�ct to tM t�rm�of�ny prfw <br /> s�curity prNrtNM. <br /> 1�.W�.By ex�rcbinp my r�med1r waN�bN to L�nd�r,L�r�r do��no3 p�w up!nty�r�iihwnt i difau�k IfMh�np y.By fat�xKds{np <br /> �ny nm�dy upon Borrow�r's dsiwtt.Lsnd�►does not w�iw�ny rlpht to I�ter corukh <br /> 17. JoN�t �ntl SwKr : Co-siYnKi: Su�cwwn md AsNpn �amd. AN dutfn und�r thl� d�nd of trust sn Jofnt and av�ral. Any <br /> Bonow�r w1w catipr►� thi� d��d of trust but dw� not co-ii�n the undx_ lyk►p d�bt I�sVUm�ntl�) da� w oMy to prmt �nd conwy th�t <br /> Bonow�r'�irrt�n�t in tM prop�rty to tM TruttN und�r tM tam�ot thls w�a ot trust.In �dditbn,such�BorrawN pr��t that tM LH�and <br /> ��Y othw 8orcovvK u�Ma thfa dMd of wst may�xt�nd,modifti a mak�any ottar chKSqw in tM tKms of t1�is dMd of tru�t or tM s�aX�d <br /> d�bt withovt th�t Bonovwr'�coru�nt�nd wkhout nM�skq that eorcow�r hom tM t�rms or thla dMd nt Vust. <br /> TM du�M.�nd b�lia oi tht�MM of m�st shall bind.nd b�nefR ths sucwua��nd u��na of l�rxNr.nd Borrow.r. <br /> 7{.NWie�.UnNu oth�rwit�nquk�d by law,an�_�otiw to Borrow�r sh�N b�yiwn by d�tiwrinp It a by m�iRnp ft by c�rti}bd msil addnsMd to <br /> Barowa�t tM pr �ddns�w�ny oth�r�ddna tlut Bonowx M�oiwn to L�ndK.BarowK wfll piw my notics to UndM by c�rtifi�d <br /> m�il to L�nd�r'� �u on pap�1 of this dNd of Uust,a to�ny otMr�fdr�s�which L��d�r ha desiynst�d.A�y othK notia to Lsnda shaN <br /> bs s�nt to L�ndK'�addnss a�st�t�d on pp�1 of ttAs dNd ot trutt. <br /> Any ratia sh�M bs dMrt�sd to haw W�n pFv�t to Barcovwr a Ls�d�r wMn yfwn In tM m�x»r steted�bov�. <br /> 19.Traml�r of tM PropKty a�S�e�Mctal kit�rNt In dM lartuw�►• �f�U a any part of tM pro�a�ny Interest In it fs told a tranat�rnd <br /> pat�t If thel�Bo�now�t is not i natunl�� may dsm�nd Immadiat� payment of the tecur�d ht. Lender may �I�o dem�nd immedl�te <br /> person arxl a I»rnficid im:K�st in the Borrowsr b sold or tramfernd. Howevsr, Lenclsr mey not <br /> — dem�nd paym9nt in ths abovs skwtiom If It le prohfbited by fsdenl law as oi tM d�te ot thit ds�d ot`4ruet. <br /> 20.R�eo�w�nc�.WMn tM oWp�tbn s�cund by thl�d�ed of uust hu bs�n pa{d �nd Undo h�� no further obllpatbn to mak�adv�nas <br /> urMpK�tth�M�trurrwnt�w�p��nte s�cw�d by thl�dNd of uu�t, tM TrustN�hal�,upon writt�n nqwst by tM l.�nd�r,nconwy tM t►ust <br /> obl y( ation io itisf�i�d�8orrowlii�halltp y8iny ecwdatbnBcosts.�r'�sucassor In Intentt,tM t�u�t dsad�nd tM note or oth�r evidence o}the <br /> - Z1, guca�uor TruNM. Lender, et Lander'� optbn, may nmuw Trwte� �nd �ppoint a �uccv�wr Vuats� by fk�t, mailinp a copy of ths <br /> = aubaUtution of VuttM��raquked by epplicabla law,and thsn,by filin4 tM substitution ot tru�ter for record in tM offics of ths rapi�tK ot dNd� <br /> = of each county in which th�trua propsrry.Of iOT�pMt ttlMeoT,n srtu�na. irw�u��aw uu�i6i.wiu�wi vvi�viiYiiaG vi ii�b prop�rcy.srwe <br />' wecsM to�II tha pul:ar,dutf�s.euthority end thM of th!�Tru�tee nsmad in the daed of bust�nd of anv succ�s�a trunte�. <br />�� <br />_� <br /> i <br /> :� <br /> ,� fP�p�2 0/?1 <br />�'� OANKE115 SY9TEM5.�NC•.ST•CLOUD,MN 66�01 I7-l00.197-29�11 FOMI OC►•MTWIE!!1 k!1 _�_ <br /> 1 <br /> Mj <br /> 77 <br /> :`e <br />�,� . ._. _. _ . . <br />