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<br /> y � � COVHiANT�
<br /> » � 1. P�yrr►Mib. 8orraw�i��ps to m�ku dl �aym��to on th� ucw�d d�bt wiHn du�. Unl�s� Borrow�r md L�ndv �yr�• oth�rwlf�, •n1r �_
<br /> paym�nt�Lmda nc�ivu from 9orrow�r r a Barrow�r'� b�rwtit wlll b��upINd Nr�t tu �ny �mount�Borrowar aw�� on ttw s�cur�d dsbt -
<br /> •xcfu�iv�of Int�re�t or qlnclp�l,pCOnd to intw��t,and tMn to princlpd.I}p�rtl�l pnpaymsnt ot tha�acursd d�bt ocauvs fa�ny r�uon,It wYl -
<br /> ,. � rwt rMuo�a►�xcut��ny�ah�du{�d paym�nt untN tM t�C�x�d d�bt U pNd In lull. -
<br /> t 2. p�Mn�A�M�wt Tftl�.oo►row�r will p�y�il tax��,�a�nrrNnt�,�nd otMr ch�rp�r�ttrlbutaGl�to tMprop�rry wM�i dus�nd wlll drt�nd titN �
<br />` dif�i w�hlch ea�mwN ma�y I�iaw pa naf pwtiii w�iw�wppty IiCa a m�tirtrli to Imp�ovi a mitiln th�r�o�y�dqn my►Ipht�,ct�kn�a �,
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<br /> �. hn�e�ancr. Plorro�rver wlll kee�thn pro�ty Ins�red urnlr.r tnrm� aeccnptnhM tp I.ert!!er nt H�rrow�r'e nxsrnen enA far I.eneter'c hcneflt. All
<br /> '�. In�unnc�poilcM�shall Inckid��Kandard matpp�Cl�us�In tavor of LfM1M.L�ndK wIN b�mm�d�s lot�p�yw or�o tM Inwted nn�oy such �:'
<br /> In�unne�poNoy.Arvy Mrxanc�proc�sd�may b��� wkt�k�L�r�r'�dku�tbn,to�itMr tM r�ata�tbn a npau of tM dam�q�d prop�rry �.
<br /> a to th�t�cur�d d�bt. Il l�nda r��mortyp�lri�ur�nc�,Bonoww prM�to mdntaln such intur�nc�iw o lonp��Lond�r rpuk��.
<br /> '� 4.Pto�ty.Borrnw�r wW kNp tM prapKty In pood condition�nd m�k�dl npak�n�son�bly n�ar�uy. �•:
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<br /> ++�� li.Ezy�M.Qorrowa�pr��r to p�y�N Lsnd�r'��xp�rn�� Includinp n�tonabt��ttorrny�'iNS,if Bor►ovwr break��ny cownant� In thl�ds�d �
<br /> �nr�� ot trwt or in�ny obilp�tbn ac�xsd by thit dNd ol tr�nt.�aravwr wlll pay tMa�amounta to L�nda as prevldM in Cownant 9 of tN� dwd of ��
<br /> -. �� � trutt. -
<br /> E. Prior S�curity k�q.Unl�u Borrow�r fl�st obtain�L�rxM►'�writt�n eon��nt,Bwrow�►wUl not m�ks or p�rmit�ny ch�npli to��y prla
<br /> � 'c �scurfty Ute���. Barowe► wlll p�rtam WI of Barpvwr'� oWJp�tlons und�r any prlor mortpp�, ds�d of tru�t or otMr �scurity pru�ms�t, _
<br /> �. InchWirp Barovwr'�cown�nt�to m�k�p�ym�nts wh�n dw. -
<br />' �; 7.A�Manm�nt of R�R�md hoAb.Barow�r�ss{pns to L�ndsr th�r�nt�and pro(it�of tM prop�rty.UnM�s Borroww and Lsnd�r h�v�pre�d -
<br /> _ otMr is�in w►hwp, Borrow�r m�y cMNct�nd auln tM nnts u bnp�a Borrowsr 1�not in d�tault. If Bc�rowar d�fwiu, Lend�r,L�nd�9 -
<br /> ' • • ,. r� ikst to thi c�oa+tif min�a�r►mptMt�op�ir�ty��lnckidin�p ax�co,t's,r�id��ittrtaYni�ctiii tca�rt fstsb i to r t�NLe�s.�iny otMr
<br />- ' ,y r»ai��ry rN�t�d�xpsnN�.TM nmaTnlnp imount of nnt�will tMn apply to payments on the a�cured d�bt ut provid�d M�own�nt 1.
<br />�:a�';" i.L�Moi� Ca�do�w:M�newd Udt D�vMopreMna.Borrow�r�W a�to camply with tta prosri�bra o!My le���if thi�dNd of truat Is on f
<br /> �M�utaid.I�th4 dNd ot tnut i�on a w�it in�rondomink,m a� pix�r»d wAt d�wbprtNrit, Bonowar wiU pKform�II of Barroww'o dutN�
<br />- .�.' , .� und�r tM cownmti.byd�w�,a rpuiatlon�of th�candominlum a planrN�d w�it d�wbpm�nt.
<br /> '� !. Au4�orky ot lM�d�r to P�iarm ta�onowK. If Barow�r fall�to �rf wm �ny of Barow�r'�dutiss uncMr ti►ts desd af tru:t lend�r m�y
<br /> °�:- � p�riam tM dutfw a c�M�n to b�p�rformM. L�ndK may�pn gorrown'�rnm�apa y My�mount if rnaaary fa p�rfam�nc�.If any
<br /> '•� �.':��. corntructfon on tMp�oqrty N di�contkx�d a not carbd on in�reaaonabM m�ornr.L��W�r may do what�vw b iwc�s�ary to protea L�nd�►'�
<br />• �• ��airky inbrut N►tf►�prop�rty.TM�may(ncluM completinp tM connuuetbn.
<br />- L�ndM'�f�fku�to p�►ftxm wNl not pnekido l.�ndsr hom�xecbirq�ny of k�othK riphU under tM iaw a thit lie�d of trust.
<br /> q';;;. ,�:��' ..� Any�mamb p�W by L�to ptat�ot 4�rxWr'�acurky int�nst will b�s�ux�d by thl�dwd of trust. Such emount�wAI b�dw on Wmand
<br />=q.Y. �nd wfN MM Inttnat f►um tM dat�of tM paymant until paid In fuN at tt►�Inte�st nt�I��tt�ct on tM sscund dabt.
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<br />*���°;•!;�. SO. DMM�t�nd AxM+rWon. Ii BorrowM f�ili to mak� �ny payrtwM wMn d�N a bnaka �ny cown�nta under thli dNd of pwt or an1�
<br /> __°�.1 „ � oWip�tfori Ncund by thN dNd of Wst a�ny prbr mortpape a ds�d of uuat, Lend�r may�ccrl�nt�ths m�turity of tM s�cur�d dsbt ana
<br />�;=„A,-,.;.... d�m�nd ImmWiau payrrNnt�nd m�y Invoke tM pow�r cf uN�nd my othN nm�dks psrmitttd by appflc�bN law.
<br /> -�.�•:;�;�� 11.R�quMt fo�IiN1b�el DNMAt.R I�Mnby r�AwstW that copls� of tl►�notius of d�fwk and wb M e�nt tn��ch pwwn wha M a parry
<br />�r;�,;.�y,C. hKeto.�t tM�ddns�et��ch auch pason,u��t forth hW�irt.
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<br />���.,L,� . 12.Mw�►of SaM.If tM Lendet invoku tM povwr of uM,the Trust�e tt►�N ikat record in ths offics of th�repiste of dwds of�ach counry
<br /> �,,,,,..J_��;�, wMrNn ths trwt propsrry or�oms part a pa�cel thsrwf Is sltuat�d a�otic�of doiwk cortt�inir�tM Intamatlon rsquksd Dy law,TM Ttut,tN
<br /> —�_.�����" �h�N Nso m�ll copip of ths notic�of d�fwk to tM Borrown, to each p�rwn who Ia�p�ry h�reto, and to otMr p�raon� asprew�ib�d by
<br /> -- �ppNc�N1 I�w. Not I��i th��orn month �ft�r th� TrwtN ncords the notic� of datauk, or twa montM if th� tru�t propKty is not In woyr
<br /> --^� incorpo•rot�d ehy a viilrp�a�d Is w�d In farrtek►pop�ratbns ci�ried an by th�truttot,tM 7ru�t�n ofiUl plv�pUb1IC 110t�G O}t��ll l0�M QMiOM
<br />'��� �nd 1n th�mawMr pr�sa�d bY�appplicable law.TrustN,witAout dammd on BortowM,shall aefl tM prop�rty�t pubNo auction to th� fApMrt
<br /> -•. + GTld�d r.'M nquk�d by the Fum Homettead Prot�ction Act,Tru�tee shall oNe tM propKtv In two r�parat�sal���i rpuk�d by ppllc�bN law.
<br /> m�y postpon� s�N of aH or�ny paroN ot th�propKty bY pubNC�nnouncwm�in�t ths tim�and plaq ot�ny pnvioutty�d�di�d ssN.
<br />��+'���t�s l�nda or It�detipnsu m�y purthu�th�pvop�rty at any sei�.
<br /> ���1�n��� Upon rea�bt of p�ym�M 4(tM prk�bid,TrwtN�haH dNiw►to tM pureh�.w Tru�te�'s d��d canvsytnp tM pop�tty.TM��ckiiu contah»d In
<br /> --°::scl. rrwtee's dwd sh�N b�qMna tacia svidiN►ca of ths nuth ot tM�t�t�rtwnu eontakwd tMnin.TrustM sh�N�pply tM proCNd�of tlf�1�1�In tM
<br />�;`,'a� toNowinq ord�r. 1�1 to �M sxpsn�et of tM uN, Includinp, but not Ilmked to, re�snnabN Trunse's fe�s. �eason�bM �ttwn�y'�t�a �nd
<br />�___ � nk�ttetament hn;(b!to�II sums sectu�d by thi�dasd of trust,and(c)tM batana�,If any,to t�e,plrsons Npally sntkNd to r�iw It.
<br /> -- — 1a.For�doMr�.At 6snde's option,thit dwd of truat may be for�clos�d in tM menMr provkN by�ppilcabl�liw fa torscbsur�of mortQ�pn
<br />-----� ' -�. on n�l proP�nY•
<br /> ��--��� 14.Mrp�ntlan. L�� m�y entsr the property to Inspact It ff Lerxier pivea Borrower notice Doforohand.The notic�muat stete ths n�sonabM
<br /> --_—- oauae tdr L�ndar'o lospection.
<br /> �-;:�'1, 16.Ca�mnNbn,Bo►rorm ssalurw to L�nd�r thsproc�ed�of any awud a clalm for dama�ges oon►NC4�d with a cond�mnatbrt a otMr t�kinp
<br /> _,;,;;F�', of aM a any prt of tM proputy.5uch proa�d�wlll t»�ppll�d a�providsd In Govensnt 1.7MO a�dpnmont la subHot to thw bim�of my prior
<br /> � ' MCUfity apf�N1'9�M.
<br /> - - — 1Q.MfMwr.By�x�trlsinp�ny rsm�dy avall�bl�t�Lon�'wr,Lsnder dass not pivs up�any rlpliu to I�t�r ua��ny oth�r nm�dy.By not�xerci�inp
<br /> �ny nmedy uprsn Borcovwr's dafauft,L�nif�r cloea nat walva any ripht to I�ta conaid�r tM evenc e d�fault If it h�pperui spaln.
<br /> ` � 17• Jok�t�nd aw�rd ll�blMtv; Cea�}yr��; 9ueeNSas �nd A�� laa�d. All dutias undn thU dsed nf tru�t u� Jolnt arb�swral.A�y
<br /> Borrowa who casipn�thi� ds�d o7 tru�t but das not co•�Ipn ths urxNrlyIr►p d�bt InatrumentUl du� so only to prarrt ind conwy th�t
<br /> Borrow�r'�fntK�tt in tM prop�rty to tM 7ru�tee und�r tM t�rmt of thi�dsW of bu�t.In additlon,tuch a 8aruw�r aprN�th�t th� L�nWr��d
<br /> _-•-�-�-----K.;� m� yotlw Boaowx urrd�r thts d�sd of uutt msy extmd, modtfy or mak��ny oth�r ch�np�r�in th�t�rmt o!thi�d�ed ot trua a tM pcured
<br /> �"'��� A�bt wkhout that 9o•rro�wr's cons�nt�nd without�r�Mulnp that Borrower from tt»term�of thls deed of trust.
<br /> _. -__°'-__ 7M dufNs�nd banrtits of this dead of tru�t�h�H bind and Mrwfit ths wccsatots and asslpna o!LendK�nd Bonow�r.
<br /> -__=�:�� 1�.NoMc�.Udet�othsiwN�rpuk�d by law,any notic�to Borrow�r sFqil b�piv�n by dNivarinp it or by mellinp It by cartifi�d maN�ddrssi�d to ---
<br /> °°'�' -� Borrowa�t th�prop�rty�ddrus or�ny otMr�ddrus that Borcow�r ha�p(vm to l�n�r.Bonow�r will pfve any not��to L�ndtt by c�rtifi�d
<br /> -- "='-�� m�N to l.end�r's Wdr�ss on paps 1 of thi�ds�d of trust,or to my other Mdreas which Lender ha�dsslpmtsd.Any other notice ta Lender�hall =
<br /> �'�""���,�•�'•�,` bs s�nt co Lend�'��ddr�u s�st�ted on 1 of tMs d�ed of uwt.
<br /> �;;:1Y.Y��;': P�W ati
<br /> �;_?"=�::,���•� A�y notka sMH b�d�smed to haw bs�n piwn to Borrow�r u L�nd�r r::an piv�n in tM mannar stat�d�bov�.
<br /> - 1D.Tnn�hr of fIN Prapwty ar�MMwoid M+e�t In 1M�arow�r.If�!1 a an p�ty °
<br /> --";�;t.�"'"�: Y P+�t of tM pro w�ny IntK�st in k ia sold a trx►sfered =--
<br /> ___. wittwut L�rwNr'�prlor vxitt�� cons�nt, Ler►d�r may d�mand immedi�t�paym�nt of the s�eund dabt. Lender mey sito dsm�nd Immediat� �•:
<br /> - - .... payment Ii th� Barcow�r b �ot �natwd p�rwn and � bene8clal Int�ntt In tM Borcow�r ia sold a Vansf�rred. Hovinver, LeMdr may not
<br /> . ^�� dem�nd paym�nt In the sDOV�situatfons If it i�prohibltW by fsderd law�e of tho date of this deed of trust. E
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<br /> : " 20.R�eo�w��nne�.When the oWip�tbn s�cursd by tM�deed of Vust h�s been p�id, and Lend�r hao�o furtF�er oblipatlon to mik��dv�rtce+s
<br /> • . urxh►tM I��Vum�nte ot qrNment�s�eured 6y thls deed of vu�t, tM►Trustea at��ll, upon written nqwtt b the Lsnder,roconvay t�N trau;i �
<br /> ��.. , proyKty. 7M L�ndsr shall delivsr to tIH Borrower,or to BorroweY�suCCessar in irtt�rest the Vuat deed�nd t�ia nnt•or nzh.r.,�w.M..,�•s�.
<br /> i--._,�__ - aunyaaon w�au�t�ed.earowa an�n psy any rocoraanon cost�.
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<br /> • � � 21. Euocia�oe TeuatM. Und�r, �t Lendsr'� option, msy rsmove Tn�stee and appoint � succeaaor trustee by f{ret, mafiinp �copy ot tM
<br /> " wbstkution of vu�tN��requked by�pplioabl�law,�nd th�n,by fiiirq th�subttitutbn of trustN fa recad in tM office of tM r�qitt�r of dNd�
<br /> _ ' • of�ach county in which 1M Vust property,a soms put tMnot,A Nturtsd.Ths wccs�wr trustee,without c.onwyanc�ot th�prop�rty,�haq
<br /> „ eucceed to ell the power,dutiea,euthority and tltk of the Trustse n�m�d in tM deed of trust end of�ny succs�:or trustes.
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<br /> • . �ANKERS 6V5TfMS.INC.,ST.CLOUD.MN 6l701 11�00��97•2��t1 FOIIM OCFMTI}NE�/1A�it
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