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<br /> ° `�`}� 1, b��yrnw►a. Boreowar �gru� to m�ke ail psymmt� on the tecund dtbt whsn dw. Unl��� Horrow�r �nd Lancftir�re� oth�rwlss, �ny
<br /> , � paym�nt�L�ndu ncdves lrom Borrow�r or tor Borrower'� benofit wiil be epplled flnt to nny emount� Borvower owe�on the eecured debt -
<br /> � � " �,p, �xclutiv�of Int�rp!Or pri�tCb�l.NCOnd to intereat,�nd then to pri�cipN.II partlil prep9ym�nt af ths teCUred debt occun lor�ny re�son,It wili
<br /> not nduc�or�xcut� py S�INdYi�(jA�yniltntunvi t!�r red d�bt le pafdln full. _
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<br /> � 2.CINm�A��t . oN1�r��YVh1 p� �� q ic� �w me�u, and otMr ch�rp�a�ltributabb to th��w op�rty whrn dw snd wlll dsfand titl� _
<br /> • to tM ptop�rtY o �In �n p�dm�w�ohK'v��k�kir th Ilsn o}thlt deed o4 trutt.Lender may requln Borrower to�ssipn sny ripht�,cldm�or
<br /> ,_,�. , � det�rua whlch�orr a�in1(11t4R�ap�tn�t pNtM1{;MIM�� Pp�Y���r o►m�tuiab to Improve or maintdn th�property.
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<br />' � ti 9. Meunne�. Borrower will k�sp tht prop�rty Imured under terms eccepubls to Lendu et Borrower'� �xpen�� and fa Lender'� benelit. AII
<br /> Insufenco po11c1oB oh011 InCWdo o stendard mort�ape cinttse In tnver of Lnnder. Lender wiil be nnmed e�loan peyee or e� tM ineured on eny 6uch �
<br /> Insw�nc�policy.Any In�ur�nc�proc��d�m�y b��uoll�d,withln L�rM�r•�discntlon,to Nth�r tM n�toratlon or npalr of th�d�maped property _
<br /> • � ' or to tM��cur�d dabt.I}L�nd�r nquin�mortp�p�lri�uranc�,Borrowu a�rN�to m�lnt�in such Insunnce tor��►onp�s Unde nquln�.
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<br /> � �, .: - 4.IkopKty.Borrower will keep the property in pood conditlon md make all rep�ln rs�son�bfy neceaiary.
<br /> �' 6.ExpM�N.Barower�pree�to p�y all Lend�r'��x�ensa.Includiny reasonadie attorneyi'fee�,If Borrawer bresk�any wvenents In thfi desd -
<br /> .'�_ of trust or In any oblipatlo�seaured by thi�deed ot trust.8orrower wiil p�y thete�mounta to 4snder�s provided in Covenent 8 of thls deed of
<br /> r trust.
<br /> � � 6.Pda S+rxxitw kMan�b. Unlase Borrower tlrot ubtelna Lender'a written conoent, Uorrowor wili not mako ov permit a�y chanpes to any prlar �
<br /> .. �ecurity Intenst�. Barrower will perform ell o} Borrower'e odllpatlont undsr any ptlar mortgepe, deed ot tru�t or other socurity egreement,
<br /> � , Inr.Iudinp Barower'�covenents to meks peyment�when due.
<br /> � 7.As�iawrNnt of R�q Md Proflp.6orrower sssipn�to Lender tt�e rento md profit�of the property.Unleas Dorrower and Lender have agreed
<br /> � � otF»rwfse in writtnp, Borrower m�y coilect and ret�in the rentt as lon��� Borrow�r f�not in defeult. If Borrower daf�ults,Lender, Lender's
<br /> - egent, or a court appolnted receiver mey take possetsion snd manepe the property end collect the rentc.Any ronta Lender coilects ehall be
<br />"p'.;' �i=�' , app8ed first to the coste of man�ping tho property, Inciudinp court cost�snd�ttorneye' feea, commissions to rental egents, artd any other
<br /> _=_.`;�-,a��r� necsssery rol�ted expen:es.The remeTning amount of rer•�wlll then�pplyto paymante on tNe aecured debt es provided In Covenant 1.
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<br /> �„��_� 8.E.�a��hold�;Coodominhnou:Plew��d UntII Mwlopn+�nle.Borrower epree�ta comply with the provistons of any IeASe if ihis doed of trust is on
<br />:�;�a;pr;,,,j�:,� �I��c�hold. If thlc daed oft bust I�on�unit In a conclomfnlum o► a plannul unit drvelopnwnt,8orrowar will parionn elloi Borruwer'�dutiea
<br />_ " ' undsr ths covanantc,byImina,pr ropul�tians ot the cuntlaminium or pb�ned unit devebpment.
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<br /> . •„�.:r;�;� �. Authoelty of LK�w tm 9xtam ftw Bat�nwN. It Borrower falls to�¢ertam any oi Borrov►br's ¢3utios undnr thia doad of truet, donder may
<br /> � ,f,l..,�`�.. �r�orne�Cea cluti�a or cu�o tham to!�s pa7tormed.Lencler may sipn Elv�rrower'a name or pay any amoum i7 necossary ior perfa:manco.If eny
<br /> �^f,�i:'i="��d�` canauur7lon on th�prope•rtY�s�d!acentlnueti or not carried o�in�raesanuClr rtunner,l.encJer me�do whptovar is nece�aery to p►ofocs Lender'a
<br /> = aecurity Ir�tare�t in the prc��eny..Thb may inel�xle completinp the constru�iore.
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<br />--_ Larx)ar's 9ailu�a to pe�errr.� wlll not prealude Lender from oxnrci�inp sny¢�Y ds�+ther vi�h7s under the law o�this desd o?trust.
<br /> �;;,�.�3` �ny arnounts pek!6y Lenzlor to protect Lender's�scurity inisrat wflf bo�ecured by trds dsed of truat. Such amourrts wlll be due on demond _
<br />-�-==�R,r�a�� and will baar Interost 1ta�Tra ihe deU of the p�ym�nt uMil paid in full at ths intere�t rate in oHect on the secured debt.
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<br /> •`':,s„n!1�:. 10. �Nwk�►rd AccMKa87on. If Borrower fails to maka�ny p�yment when due or broak� my cavsnants under thii deed of trust or sny
<br /> .o�r�iye;�','•s''.�; oMid�tion wcund by thls deed oi uutt or any�rior mortyaye or deed of trust,Lendar ma�yaccslerats the m�tur(ty of the tecured debt�nd
<br /> ' d�m�nd imm�diat�ptyment�nd m�y Invoke ths power of t�le and any otMr�emedier permftted by epplicable law.
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<br />--�r-�it+?ai�ii: 11,p�ewat tor Nodc�ot O�tr�AG It b hereby requetted that cophi of tM noUces of defeult end sets 6��snt to sach arson who 1�a partsr
<br /> --- .. — ha�to.�t th�addnw of�ach wch p�rson,a�pt forth h�rsin.
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<br /> -"'�;ti,��� 12.'owM of fw.I}tM L�r Invok�s th�pow�r of��N, tlwi Tru�t���II fktt ncord In th�otfla of tM rpistw of d��of e�ch eounty
<br /> x,��, wherdn tM trutt propHty a tom�psrt or p�rcN tl»nof I�situ�t�d�notla of cNf�ult containlnp tM Infam�tion rpuind by law.TM'Yru�tM
<br /> -- - �h�H Nw m�ii copl��ot tM notk�of d�fwk to tl►�Borrower,to nch qrson who I��p�rty Mnto, and to otMr p�rana np��aib�d by
<br /> -- �ppllcsbN law. Not Nn tlun or�month �ft�r th� Tru�tN ncad�tl►� mtic�of hfault a two monttu If tM trust pop�rty 1� not M �ny
<br /> - k�eapa�t�d city a vlll�p� uM i�u��d In fxminp op�r�tbrn oKrl�d on by th�tru�ta,tt»fnutN shall qiw publio notic�of sde to tM p�rsorn
<br /> —._._� md M tM m�nnw q��crib�d bv�pppllc�bN I�w.TruitN,withouR d�rtesM on Bor►ow�r,�hall all th�prop�rty�t publia wctbn to th�hlpMst
<br /> blddK.It nquk�d by tM Frm Hom�st�ad Prot�atbn Aot,TrwtN �h�ll oHer tM prop�rty In two upK�t��ata���nqukW by�ppilc�bN I�w.
<br /> truatM may po�tporw sal�of�H a�ny parctl of tM prop�rty by pubNC uwwunam�nt at tM tlm��nd pl�c�of any pr�vbusly scMduNd uN.
<br /> l�r�r a k�dalpnN m�y purch�N tM prop�rty�t�r►y�No.
<br /> Upon ncNpt o�4 paYm�nt oi th�prlc�bld,Tru�tN sh�ll d�liw►to tl►�purchn�r Trwt��'s d��rl conv�yln0 th�pro�»rty.TM r�citld�cont�ln�d in
<br /> TnntN'�dNef�hNl b�ptm�facM�vfdNnc�of tM truth ot tM�t�turNnt�cont�lr�d tMnin.Tru�t�s�hall apply tM�xoiwd�of tM�ab in tM
<br /> -- toNowkq ada: (U to NI ��cp�nw� of the s�N, IncludN�p, but not Nmind to, nuornbN TrustN's tN�, n�sonabN�ttarwy'� iNS �rM
<br /> nM�t�t�rtNnt fNr,Ib)to all�um�a�cur�d by thl�dNd of tru�t,�nd(c)tM bal�nc�,ff�ny,to tM p�rton�f�pally�ntkNd to��ufw It.
<br /> /3.FoneloMr�.At L�nd�r'�optbn,thi�ds�d of tru�t may b�faoclot�d In tM marx»r provkN by�ppHesM�law fa fuklown of mortppM
<br /> on nal prop�rry.
<br /> 14.�yp� Lend�r msy enter the propertyr to In�pect ft(f Lender ptve�Borrower notice beforeh�nd. TM notica mu�t�tata the na�onabl�
<br /> cww for L�ndix'�in�p�ction,
<br /> 16.Cand�nrrllan.Bortower�ss�pns to Lendsr theprocssdo of�ny�ward or claim for d�map��coru�ectsd wkh�condemn�tbn w otMr t�kinp
<br /> of�H a any part of th�propety.5uch proceeds will be�pplied�s provided In Covemnt 1.7h1�asaipnmsnt fa�ubj�at to ths term�of any pria
<br /> _ ��eurity�ytNt►»nt.
<br /> -- 16.W�iwr.By exsrcidnp any rem�dy waUable to Lender,Lendsr does rwt pfve up eny rlpht�to I�tsr uss�ny othsr rsrnMy.By not sx�rciainp
<br /> �ny rsm�dy upon Borrowsr'�default,Lsnder dos�not wNv��ny ripht to t�tK con�ider tfie evsnt�d�fault if It h�ppem�yNn.
<br /> 17. Joint md Swwr Lii� Co-slyi��; Succtuoa �nd A�sipn� Bowid. All duties ur►der thi� d�ed of trust ars Jdnt �nd ��v�ral. Any
<br /> Borrovwr who co•tiyn�thi'de�d of trua but dwt not co•ilpn th� uM�rtyIrq deM Intuumsnt(�1 doe: w only to p�nt�nd convay that
<br /> Borruw�r'i Int�nat In the �rop�rty to tha Trustss under th�terms of this desd of tru�t.In addttion,such�Borrowsr�pr«t th�t ths Lendw and
<br /> — mY otMr Barows�undar thh dnd of trutt m�y sxtend,modl or m�ka my otMr chanpes in the tsrms of thl�d�sd of tru�t or tM�sctwad
<br /> — d�bt wkhout that Borrower't consent�nd without rola�irp that rrower trom the terms of thit deed of tru�t. -
<br /> � ' TM dutN��nd b�n�fiU of thl�da�d of trust�hall bind�nd b�:�fit the wcc��son and assipns of Lendsr�nd Borrowsr. -
<br /> --==— ti.Nodc�.Unl�a othsrwis�rsquksd by law,�ny notics to Bortowsr�hall bs piven by deliver(np it or by meilinp It by certified mall�ddn�aed to
<br /> - �"�� Boaovwr�t tM prop�ty addrss�w mY�tMr�ddnu that Barowe ha�pivsn to Lender.Borrowar witl 9lvs any notica to L�nd�r Dy artiil�d
<br /> �R`y� m�fl to l.�nd�r'��ddr���on pq�t of thle ds�d of trust,a to�ny other eddros�which Lender has dadpmtad.Any other notics to Lender shall
<br /> - � ��; be sent to Lsnder's�ddrs�cs n stKyd on pap�1 of tM�dNd of trust.
<br /> .-�`�� Any noUce�hall b�de�mW to havs bNn piwn to Borrow�r or Lender when piven In the m�nner eteted above.
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<br /> -^ 4"'�=� 19.Tnmt�r of tl�Prope�rty or r S�rn}fdtl IntK�st In th�soROwK.If ell ar any pert of the propertv or eny interest In R is aold or transfarrod
<br /> -�-��� without L�nd�r'� prior writtm consent, L�rM�r may dsmend Immedlatu paymmt of tFw secursd debt. Lsnd�r m�y aUo d�m�nd imm�diat�
<br /> �`�'�-'�•� `' paym�nt H th� Borrow�r is not ■n�twdp�r�on�nd s bensficl�l Interen in the Borrower Is sotd or transterrod. Howevs�, Lend�r may not
<br /> --"'`�?��� d�mand paymsnt i�tM abow sitwtion�it it Is prohibitsd by fed�rsf tiw a�of the date of this de�d of trust.
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<br /> "��'�'�� ��� 20. R�ew►wyMrc�.When tM oblipation secured by thfs deed of trust h�e been paid, and lender hes no fuRher oblipatbn to make edvance�
<br /> "^`��'���==�•`� under ttw Instrurrwnt�or apr�am�nts tecurod by thit daed of truat,the Trottee�hall, upon written roqus�t bY the Lander, roconvsy tM trwt
<br /> �'^'���� oMi�itbn w nl�ified�Borro ler sha�itp yany roWCOrdetion�coiti er'e succe�aor In Interoet,the truat deed end the note orother evldonce of tha =
<br /> �'�" ,;; 21. SYCC�NOt T�tItLN. Lendsr, at Lender'� optlon, may remove Trustae and eppolnt e succesaor truitee by firet, m�ilinp o copy of the -
<br /> -'.w aa+�+�' � �ubatitutlon of trustee es required by applicable Isw,end thon,by filinp the tubatitution of truetee for rocord In the office of tho rogiater of deeds =
<br /> .`;;;Sy� .. of erch county In which tMe tru�t property, or some part thereof, ts tituated. The succes�or truetee,without conveyance of the property,ehail _
<br /> - , succeed to all the power,duties,euthority end title ofthe Trustoe named Inthe deed of truat end of eny successor t�uatee. !
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<br /> ;L���`~ ��- SANKEHS SYSTEMS,�NC..ST.CLQUD.MN 60307 it•800•397•7.3411 FORM OCP-MT(}NE EA B/81 ,
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