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<br /> 1, ppymt5ata. Honower agrees to make alt payments on ths secured debt when��to an�amo nts Borrower ow��the secured debt
<br /> , � payments lsr�de►receives trom Borrower or for 8onower's banefit wili be appiied Y
<br /> i exdus�va of�ararest or principal.second to interest,and then to prir.apal.It periial prepayment of the suauad deDt occu►s!or any reason.rt wdl
<br /> i not raduca or oactwa any sehaduted payment unti!tt�e secured debt is paid m fuli.
<br /> � 2,ppimg q�tnqR;�S AtBotroY�e6•Ni11 peY ell texBs•esS�egsmams,and other charges attributabte to the property when due and wdl defend bde
<br /> � to the PraPa!tY agflm arry Ga�ms v�ti+d► utd impair t►i3 i'ren of tttis dead af trust.L.ender maY�luire Bonower to ass�gn anY nghts,ciaims oi ` .
<br /> ; defeoses whian R t{��t?�.@• 9��D�es�nrho�+DD►V lahor or materwts to improve ar mamtam the property.
<br /> •� 3.hm'.sran4o. Barrowe►wnll keep the property InsmeQander terms acceptable to Lendar at Boaower's e�ense and for lender's 6enefit.All
<br /> i insurance pAlipias shali include a standard mortgage dause in favor ot Lendar.lender witt be named as loss payee or as the msured on any such
<br /> � insuranca puilCy.Any insurance proceeds may be applied.witttin Leoder's disaetion,to either the restoradon or repa�r of the damaged property
<br /> or to the secured debt.It Lender requires mortgage msurance,8or►ower agrees to mainta�n such irtsurance tor as long as Lertder requues.
<br /> _ � 4.Proparty.Eunower will keep the property in good tondition and make all repairs reasonabiy necessary-
<br /> �. � 6,F�cppn�soa,;2anower agrees to pay aIl Lender's expenses,including reasona6le attorneys'fees.d Bortower 6reaks any covenanu m this deed .
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<br /> ot Vust or�n an1 obtigation sewred by this deed ot tnut.Bortower vnll pay these amounts to lender as provided in Covenarrt 9 of this deed of
<br /> i trust' .
<br /> � 6.Rior 30eurilJf�►M�-V��Bottower first obtains Lender's written co�serrt.Bonower will not make or permR any chateges to any prior
<br /> � security intarsbp.l�a+rower v�n1l perform alf of Bonower's obfigations under any prior morcgage, deed of vust or other security agreement,
<br /> � including 9o►r:��(8t'!7•co'�naMS to make payments when due.
<br /> � 7.qgyig�MQr1�.p/�sr�end proRts.Bocrower assigns to Lender tfia rents and profrts of the Property.Utdess Borrower and Lender have agtee� .
<br /> oihetwise m wt'U7nq, Bonawer may coVect and retain the rents as lon9 as 8orrower is not in defautt.lf Bonower defaults, LenGer,Len�Fr's
<br /> agartt,or a coutt aAPa�nted receivar:nay take possession and rt�r±�e ths Property and copect the rents.Any rents Lender�_ecu sha:f�°
<br /> ! appfied frcet Lc thR��o���9''�the P�aDeRY• including c.�"t costs and attameys' fees,commissions to rental a�.a"d any othsr , .
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<br /> I � nacessary relatsG exDenses.The ramammg amount of rertts witl tE�-r appty to paymertts o�the secured debt as p=ati:ded in.r`eve�a�t 1. �
<br /> 8.Leaseholdat Gsrryfbr+ilntu++a:Planned Unit Qovetopmertts.Borrower agrees to compty wrth the provisions of a�y��+f�s aez�ef vust is on _.�-,
<br /> a leasehotd- lf ttis-deed af wst is on a unit in a condommium or a planned unit davetopment,Bonower w:�:p2•`arm all a.`8xzower's duties , - �,�.r..;
<br /> �_'?. . ,;.� under the co•ienanis,by-Iaws,ac reg.�'3tions of the condominium or planned uoit devetopment. �. °' '
<br /> � 9.AythorttY at Lnndsr to F�[vr Borrower•�f Bor►ower faits m perform any of Borrower's d++ties u�der this deed ct;vst, Lender may t
<br /> perfortn the dutists a►cz'-se the�'^'a be performed.Lender may sign Borrower's name or pay any amouat rf necessarY for F�`�n�.If any
<br /> j •S.j eonsuucUprt aRYr�b�+,�!��W�nued or not cartied on in a reasonabte manaer,Lender may do whatever is necessarY s�protact Lender's �•
<br />-- secwity intsres[in tf�e�-�tY.This may indude camDleting the tonsuuetlon- f -
<br /> � Lender's faiture tc�0�'�w�ll not predude Lert�w�o:»exerasing any of its otha rights under the taw or this Caed of uust. � � •
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<br /> y ) Any amounts paiJ�Y 1-endet to protect Le�der's ss�ntY inLe�s:�Y:x be ser:re3 by this deed of trust.Such amourrts will t�e due on derna'�d i , , ;.
<br />.-r� and witl bear intete&t from the date of the payme:tt�-'r�l caid{e futi ai t1a r.t:e:est rate in eHect on the sewred de4�t. ` "�1°.
<br /> 10. Oafauk aad ACeetera8nn. (f 8orrower fails tc:�ice anY�a�,�nert when due or breaks any co�e+l8nts under thx�zz�of trust or any ' -
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<br /> f obligation secure4 tiY th�s deed of uust or any C�4�"�ortgage ar deed of trus4 Lender may accele►ete the m��ity or ti►a sacured debL and T;�, '
<br /> � demand immediablcpaYroerrc and may inwke the C��vzr of sate and any other remedies permitted by applicabte law. ' ''
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<br /> 17,Requoat tct.Ho�rae ot Qefa��R is hereby requested that copies of the notices of defautt and sate be ssm ta e�pe.-son who is a parry r.��
<br /> s�r: hereto,at tha address ot each such person,as set forth herein. �' '� '�y;J
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<br /> 1Z.Powm ot Sat�.ff tfie lender inwkes the powar of sale,the Trustee shall first record in tha office of the ra�s:�of das�of each courty � ^;..; ,
<br /> wherein the uust FropertY or some part or parcel thereof is situatad a notice ot default coMaininp ths information requrra3 by saw.The T�ustee ��
<br /> � � ereto, and to eRher persans as resc►ibed bY �
<br /> � shall atso mail tapies of the notice of default to the Bonower,to each person who is a party h 4 �
<br /> appticabte law.IW�t 1r�.ss than one mortth after:`»Trustee records Me notiee of defauk, or two months if ths trust property�s not in any �.,.,
<br /> ':r�� inoorporatad citY or tiLlage and is used in famrn�a�..rations canied on by the trustor,the Trustee shall giva puhT:�notiee of sale to the Da"sans •.-•� ,�;�;�
<br /> -:,; � . and in tfie manner uxes'a�bed by appD����e la.ro.��vstee,without demand a�Bacrower,ShaB sell the proDernt�Pubtic auction to tha hi nasi � � !•:� :
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<br />',;s- bidder.tf required��'�'e Farm Homestead Ptotecti:.n Act,Trustee shatl offer Yna propertlr in two separate sa!es as sequired bY applicaf�aa fa�. � , ,.;;�,�:
<br /> Trustes maV postCone sale of all or any parcel of the propertY by public anncuncemertt at the time and D�a��$nr prev:cu�ty scfieduled sate. ��, ��'�_�- � r<�.;_
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<br /> Lender or ita designee may purchase the property at any sale. f�_^_.:•.; ••�f;:•i'_:°
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<br /> .��f Upon receipt ot paym ent of the pHCe bid,Tnistee ahall deliver to the purchaser Trustee's deed wnveying the praperty.The re�tlats contained in .
<br /> Trostee's daed ahett ke prima facie evidience of the truth of the stataments contained therein.Trustee shatl agp�Y rn3 Droceeds of the sate in tha %r;�>;°
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<br /> foltowing orden (a) to alt expenses of tfie sale, induding, but not Iimited :o, reasonable Tnutee's te�. reasonabte attome}rs fe�and �Y_.
<br /> reinstatement feec;(t)to aIl sums secured by this deed of trust,and(c)the batan:a.if any,to th:persons�e3a?ty erttitted to receive it. • . .��.,t��;;'
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<br /> `°'�� . 13.Furadoau[v.A1 Lender's option,this deed of trus�may be foreclosed 1n the man�er proviCe by appf�cable law for forec(osure of mortgages
<br /> � on real pwpeRy. , . . -
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<br /> ' • 14.tnapoe8an.Lender may enter the property to inspect it it Lender gives 8orrower notice 6eforehand.The noUce must state the reasonable •,�...� ,
<br /> `'Yr cause for ia�dar's inspection. •
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<br /> 75,Condomnadon-Borrower assigns to Lender L`rt�roceeds ot any award or dam tor damages connected wii'h a condemnation or other tak:n8 : ..
<br /> ot all or any part cf the property.Such procee�wi 1 be apptled as provided in Covenant 1.This assignmertt ts subject to the terms of an-�priar ,• .. - ;;���:.
<br /> `. securitYagre6ment. s. `' ' . : ,
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<br /> ���l � ' 18.Walvo►.By exercising any remedy availabte to Lender,I.ender doos not giv0 uD any rigfits to later use any othet remeCb BV not e�cercising - �`�,
<br /> aay remndy upan Borrower's default,Lender daes not waive any right to later consider the evem a default if it happens aga.r-• . . .
<br /> 17.Joint at�5eemrnf UabiQty: Co-aignets; Suee�ssors and Asalgne Bound. All dutiea under tfiis deed of uust are joir.S anQ Severz_ Any •
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<br /> •y'�'r _ Bortower wAo arigns this daed of uust b��*G�s not co-sign the undeAying Qebt instrumerrtls)does se onty to grent aad comrey"`+at . , _.
<br /> Borrowefs interra io the propeRy to the Trustc:e u�der the terms ot this deed of trust.fn addRion,such a Sarrower agrees that the lenter a^0
<br /> any other Bonower under this deed of trust may extend,maditv or make any other changea in the terms of this deed of trust or the seC.:e4 . .
<br /> debt without that Bortower's consent and without releasing that$orrowe►trom the term9 of this deed of VuSG ,
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<br />::;�,,1 � The dutiea and benefits ot this deed of trust sha0 Aind and benefit the suceessora and assigns ot Lender and Borrower.
<br /> ` 18.►rtotleo.Unless othervdse required by law,a�v notice to Borrower sha11 be given by delivering it or by ms.:ing it by certifled mail addtessed to '. •
<br /> � Borrower at the property addresa or any other a3�resa that Borrower has given to Lender. Bonower w�:l g�Va any notice to LenQet bVi certified ; .
<br /> �'�'� � mail to Lender'a address on pa8e 1 of this dee�of trust,or to any other addtess which Lender has design:'e�.Any other no2ice to Lender shall , ,
<br /> ` ' be sent to Lender's adfiess as atated on page t oi thia deed of trust. �. .
<br /> ' Any notice shall be deemed to have been given to Borrower or Lender when given in the mar_^�a stated above. h' �
<br /> � � � 1g,Tt�sfer of�e proporty or a Benofleial fMerest In the Bov:aarar.If all or any part o!tha proyertY or any interest in it ia so(d or t�ansterted C �
<br /> •'.'',• without Len��'s �riot w►itten Consent, Lendet may deman3 �m:nediate pa��m�^nt o1 th9 secured debt. LenQe� may also demaad imr,eGa's � . .
<br /> `..,._. � payment�f c�e 6�ha above sicuaii nsl i ii s pro�brted by f Ce a�law as of tl�date of th s deed�of ttutn"3terrod. However, Lender m3:i not
<br /> demand Dayme^:
<br /> � 20.Rotorneyer.te.When ths obtigation secured Dy this deed at trust has been paid,art0 LenCer has no further obligation to make advances �
<br /> .;`��.�,.; . � unQer the lnsttuments or agreetr.2nta secured by this deed of trust,the Trustee shalf,upCn written request bY the Lender,reconvey the trust �
<br /> ;.`; • property.The Le�Qer shall detiver to the Borrower,or to BorroweYs suecessor in interest, m?trust deed and tfie note or other evidence of the
<br />- . ; obhgation so satistied.Borrower shall pay any recordation costs.
<br /> �},��.'��•. 21. Sueeessor Trusteo. Lender, at Lender's o tion, may remove Trustee and appoint a sueeessor trustee by first, mailing a copy ot the
<br /> substitution of trustee as required by applicable Paw,and then,by fiting the substitution of trustee for record in the oNice of Me register of deeds
<br /> j � sueceed touall the powet tdut essautho�and tit e ofta e Tru tee amedan the deed of hust andgof eny�successor trustee.�f the ptoperty,shall
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<br />-� . 9AHRf�S S�STP4t nuc ST CLOUD.MN 56307�1 806397 234ll iOHM OCp Mt6 NE 8i19i91
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