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<br /> -��`, COVENANTt 1• �7�w '1ti��9
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<br /> _:"�..!!�?�-.,, 1, p�ym�r►N, 6orrowRr�prN� ta m�k� dl p�ym�nt� on th� s�cw�d dsbt when du�. Unl�u Borrowu �nd Lender �pree oth��wlw, eny c-
<br /> . ,� p�ym�ntd Lend�r nc�iw� from 8onvw:r or for L3arrawar's benotit wlll be epplled /iret tn �ny�mount• Borrow�r ow��on thn e�cund d�ht
<br /> excluiivn of Interett or princlD�l, ��cand to Int�n�t, �ncl than to princip�l.If puti�l pr�p�Yment o}the��cured dnht occ.un f�i �ny re��on,It will
<br /> r•u,� '� not r�due�or�xcuw�nY scMduNd P�Ym�nt unt�l the a�cur�d d�bt i�p�id in full. -
<br /> ;,'-� ; 1.Ckim�Aoofn117MM�b�r�ow�i�W�l�1{���I t�x��,�Vt����m�nt�, and other ch�rp�s �ttribut+bl�to the prap�rty when due und will defend title
<br /> to th�prap�►ty �nftt�lLclNihM��w0u�d knP�l1 tM(l�n n}ihl�dNd a}trust,Lander m�y nquin Bo�rower to efsipn Any rlqht�,clNm�or
<br /> d�f�n�e�whlch�rroWM'RNY In�t p�rt�who�upply I�bor or m�terl�l�to Improv�or malntain th�propnrty.
<br /> �,(nwrMle�. Barow�r wlll kNp th� prop�rty insund und�r t�rm�acc�pt�ble to L�nder�t 8otrower'� expen�ta rnd for Lender'e bsn�fit. All
<br />''.i'' � � ` Imunnc�pollcNs�h�ll Inc1uN■ �hndwd mortpp�d�w�{n flva of Lmde.Lend�r will b�n�msd u los�p�yN o���the Insured on my�uch
<br /> � ��g or�toiho�siclurid dabtl If Londor�r�oqulres�mortflepe Pns1u�ence't Bnr►owe�egreleefto�meinte�ntsuchhnsuretncet}or a lo^O�A*Lender requires op�rty _
<br /> ;:�#`.ss��� `
<br /> "'!��` 4.Prop�rty.Borrower wYl k�M tM propsrty In pnod conditlon md maks�II repdn rearon�bly necea��ry.
<br /> �a.-,r;�,,.�—
<br /> 6.Exp�nMi.Borrowsr rpree�ta pry all Lender'e expeme�,Includinp re�sonable ettornaya' fee�, if Borrower breaRS eny covennnte in thl�deed
<br /> ,4y,��,� of uwt or in any obilg�tion ucured by thfs deed of trust,Borrower will pay thess emounte to Lender��provided in Cavennnt 9 of thl�daed of
<br />,�,-i-„ jfU6t•
<br /> ;.� 6,Prior S�cu�ity IM�rNtt. Unlase 8orrawer fint obtein�Lender's written consent, Borrower will not make or permit any ahengea to any prlor
<br /> i security intnrette. Borrower wiii pe�form dl of Borrower'e obliyations under any�ortor mortgape, deed of truat or other aecurity agreement,
<br /> ,� includiny Borrower's covenams zo mak�payment�when due.
<br /> � T.AsM�n t o}RMft��d ProtiU. Narower atsiyns to Lender tlw re�is and protits of the property.Unlese Bonower end LxndAr have apreed
<br /> othsrwfse in wrfting, Borrower m�y colfect end retdn the rents as tang aa Borrower le not in default. It Borrawer detaulte,lendar, Lendor's
<br /> �. :�•,, . epent,or a court appomted roceiver may teke possssabn and manapo the property and collect the rente. Any ronts Lender collocts shell 6e
<br /> ; , :� appliad Tirct to the costa of manaping the property, includin court coate end attorneya' feei, commiccions to rental egents, and any other
<br /> ��';:�;� necessery ralated oxpenaes.The remelning amount of renta wRl the�apply to paymente on the necurad debt es provided in Covenent 1.
<br /> ���,��'', 8.L�u�holds•CwWominlumU Pl�d UnH[�wlopm�na•Baroww�M�to com�ly with tM p►av��bm uf��Y N��s If this d��d of trwt f�on
<br />'��•�•'��'��} unMder the�ovini�nti hy law/or rtpulKlon,of the co�r dominwm or plsnrid�unft d�viloPmsntnt, Borrow�r will piAam�II of Borrow�Pt dutln
<br />'r �•....
<br />.�`��`�'�"� 9.Authority of land�to IMotm tar/artow�r. If Borrower 1�11�to_p�rform •ny of Borrowu'� dutN�und�r thi�d��d of trust, l�ndu m�y
<br /> „y�ar�
<br /> T_ � perform th�dutN�or cws�th�m to b�p�rfam�d,L�nd�r m�y sipn 9orrown'�n�rrN a p�Y�nV�mount If n�cuw►y fr p�rformw►c�. �nY
<br />.;'ra3'.�'n�
<br /> iicurfty int�ri�t In th�Mtl�pirtY�hti�m�y Includi iompl�idtinp tha conitruct onm���r��'�ndN m�y do wh�t�wr I�n�e���wy to p�ot�ct Und�r'•
<br /> -- ��� Unde'�fdlun to p�rfam wIN �ot pr�chid�L�ndM fram�x�rclUnp my of lu atMr rlpht�urxf�r tM I�w or thl�dwd of trwt.
<br /> •;.�}_.
<br /> Y'i�� Any�mountr pNd by UncNr to proUot LaixN►'• s�curity IMKnt wlll b�trour�d by 1hb drM U1 tiwt. Buch�mount�will f�Jw on d�m+nd
<br /> ;?�� �ntl wfll Mn im�rnt hum IM d�l�o}tM p�ym�nt uMll pald In IuM�t tM Inror��t r�t�In�Ihot on 1!w i�cund d�bt,
<br /> 10. OahuN �I Aoadn�Wn. If 8ortow�r I�H� to m�k� �ny p�Ym�nt wMn du� a br�ak� sny cav�n�nt�unMr tM� d��d af tru�t a any
<br /> _ '�`� ��m�rd tmm=d:,t�a;m_^nt�en.dd m.!�invnk�thi p�wN of iiN i�id�inY otMr�m�dl�i�p�rmftt�d by�ippll�a�iW�i liw�fty of tM��c�x�d d�6t�nd
<br /> �,zM_—��
<br /> --�n�� 11. R��t for Notla of Ghwit.It b he�by��qu��tM th�t copl��0}tM notice� of dsf�ult and��N be unt to��ch penon who b�pxtY
<br /> -_-- h;;,;n,�.tts:,:ddrsn�ol euh such�raon,u ut forth Mnin.
<br /> 1�. renv�r at•Irlr. if the Untt�r Invokl�tn�pown ot��t�,I�1� IfY�IN �f1wl�IN�{fAGWY il�.��e 'vY.:"v0 3�ths r�p;::sr o!d�s".e o!�w�.y�m�nty
<br /> - wh�rnki.the trutt qrppKtV a sorrh pet or p�rcel thenaf is�ftu�t�d a notla of dehult eontelnin0 ttwf Inform�tion nquked by law.TM Trust��
<br /> -- �hati Nw mwU cupbs af tM notk� of d�i�ult to th� Borrow�r, ta e�ch penon who le• perty fie�eto, md to otMr M►eon��s prescribed by
<br /> �ppWCN��p t�w•NUt�fMS th►� orr month�her tl►� Trusts�ncordt tM natiae of defeult, a two month� if tM trust(xop�rty 1� not In any
<br /> incorpor�tUd oNy aT xW*pe Md I�uasd In f�rminp op�ratlom arrkd on by the truetor,the 7ru�tse sh�ll pfv�pub0o notia of ule to tM puaons
<br /> and in ttN m�wtMU uroiosib�d bY�PPPIica6b I�w. Trus��a, Titho�t d�m�nHO+i`Borrow�msh�I���ReM�Piti�siiibew�ed bv�sPD�ic�bk�wt
<br /> - -- bldtltr.It�raqu�•oa�oy�na rNm noma�teeu P�L:o:.:�G.�.....� :. _. _. ..._ .
<br /> —°°�= 7rutta mwy pottpanr�+le of all or sny percel of the property by public announcement�i the tims ind pl�ce of my prewouuy�cneauiaa��ia.
<br /> �`^`"'� L�ndK p�hF dalynse may purch�se the property�t�ny sale,
<br /> Upon roceipt of p■yma�t ot the price bid,Trutts�shall deliv�r to the fwrcha�er Ttwtee'�de�d conveyiny ths property.Ths racitiai�cont�lnod tn
<br /> ---- Truste�'s deed thall br prim�facia evid►ence of the truth of tM et�temente conbined tharsin.Trusta shaN apply tM proceedi of tM eals in ths
<br /> -�— toSlowlnq order: (e) to all�xp�nses of the �aie, includinp, but not limfted to, rea�onable Tru�tN's bs�, r���on�We �ttorn�y's }ees �nd
<br /> ___,,,_,_,_..� tt�hlttMoment fee�; (b)to aN wmt seeured by thls deed of trubt,�nd(c1 the belenae,if my,to tM parsons kpaNy entitled to roceive it.
<br /> �,;;I.tt,'� 1�,fer�clown,At Lmder'�option,this deed of truet may be forecloe�d In the manne provide by�pplicable I�w for iascb�uro of morty�ss
<br /> _:�w� on re�l property
<br /> 14,Insp�ctlon.Le�da may enter the property to inapect it If Lender Qlvea Borrower notice Iwiorehend.The notice mutt sUtd iha ra�onable
<br /> �- causa for Lender's fn�pection.
<br /> �6,CpntNrtxwtlon. 8orrowu aulu�o to Lender the proaeede of any�ward or ctelm 7or d�m�1e�conractsd wiih a condamnstion or otMr tsking
<br /> of�II or�ny put of the propertl,5uch proceeda wlll be applied as provided in Covenant 1.Thls aasipnrrNnt i�aubject to the tsrm�of�ny prior
<br /> •�curity�pre�ment.
<br /> __� ay remi y upon Borrower i defiutt lende�r bdo a�not walve inyr iyht to Iate�coneider the event a defiult ffat haptp�enaipslnY�BY�t exercisinp
<br /> 17, Joint�nd Sw�rr��f�y Co-�Ipn�rr, 6ucnrson �rd Awipn� 8ound. All duties undsr thb deed of truat are)oint end several. Any
<br /> --- - Borrow�r who so-sipnt tN� �eed o} trutt but dons not co•siQn ths underlyiny debt ir�strumsntld das w only to p►ant�nd conwy that
<br /> Borrower's int�rest in the property ta the Trwtee undar the terme ot thl�deed ot trutt.In addition,tuch�Borrower aprsea M�t the Lendx�nd
<br />-- - debt withouthai Borrodwer e�consen end without�el i�i ng thetYBorrowe�fram the terme of this deedtofmNet thie de�d of trust or th��ocured
<br /> TM dutiet nnd benefiu of thls deed of tru�t�hall bind end b�nefit tM�uecesaon and nslpn�of lendsr�nd Bor�ow�r.
<br /> �' Borro�et�tM�ot�rtY+ddriii�or snYy othe�addrms�a that Barow�ir�hi�l bgiven to Ler ler�Bo rr o�wx wlll qf a nybrYiaticii to Le�d��by cirt fiid
<br /> ,� mefl to Lendx'�ad rass on pape 7 af thl�d�ed ot truet, or to eny W.her addrssi which Lander hss desipn�tsd. Any ottb►notice to Lendx shall
<br /> ={�; be eent to Lender's addroa sa aeted on paq�1 af chb deed ot trust.
<br /> °':=�'-_�'� Any noUuo ehall�o deemod to hwe been given to Bonower a L�nder when�iven in the manner stat�d�bove.
<br /> �s:a71.�? 19.TrMUiN of ths PropeMli or�B�flcl�l M�te�Nt In tM 6orcow�►.If sll or any part of tM propereY or�ny intereat In It b soid or tramfernd
<br /> ;�i;�'�' w i t h o u t L e n d o r's p ri or written con:ent, Lander mey demand Immedlete payment of tha acurad debt. Lender may also dem�nd Immediate
<br /> ��-- peyment if tM Borrower U not• naturel person�nd• b�n�f ic le l Intere�t In t he B orrow e r i s s o�d o r t n n s t e r n d. H o w s v H, L o n d�r m a y n o t
<br /> -��iiy.?`_;� dem�nd payment in tAo abovs dtuetlons if It is prohibk�d by fed�rd lew a�of the date of thii daad of trust.
<br /> .�.�
<br /> •�����a:; 2p,p�eoowy�nc�. When ths oblly�tion ucured by thl� dnd ot truct h��b�m paW and Lender has no turther obllp�tlon to m�ke�dvances
<br /> >"+�?�' "�' " under th�in�trument�or preement�secured by this dssd of trwt,the Trustse shalf,upon written reque�t by tho Lender,roconvey tM tru�t
<br /> _�17;_': �� prop�rty.The Under�hall delivu to ths Borrowu, or to Borrow�Ye cucceasor in Interest,the trust desd�nd tM note or other evidence of ths
<br /> .•;x:��,� oblipetiort sa tttlsNed.Borrower nhell p�y�ny rocordetion coit�.
<br />''i`��.__�'� 21. &ucc�ua TruitN. Und�r, at Lsndn'� o tion, ms remova Truatse end appo�nt • �uccesar trwt�s by firct, mallinQ � copy of th�
<br /> .,-,___ - - . . . __ _ _ _ ________,....___��__��_ r... __..�.., ti...m..,..�...�.h.��•��r����f t.�,cr..fnr ncord In tM office of the rooi:tar of d�ed�
<br /> - --- +� euostitunon oT trurcva w��yu��.0 u�.MM"•••••��••••�•�••••••••..•.. ---- -
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<br /> � of eech county In which tM truat propsrty,or some�ert tM�eo,Is n tu�ted.The auccessor trustee, without convey�nco of tho property, eh�l!
<br />- ',�e� ± �. _��.�._ ., , e,nse. w��Thnritv�nd titl�t� �hw TruRten nemed in the deed of tru�t end of eny succeasor truttee.
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<br /> - ' ",��. BANKERSSVSTEMS.INC..ST. CIW�,MN0a�01 11•t00•387•1341)fORMOC/•MY6NE6119�91 _�
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