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<br /> ' . ,� COVEkANTO �+/� ���5
<br /> � 1, P�yn+�►t�. Borrow�r �nnu to mak� tll aymsnta on tM ucund d�bt wMn du�. Urdu� Bo�row�� ifid L�nd�r ��n� otl»rwi��, mV _ _
<br /> peyment�l�nder rocelvn trom Eorrow�i qr�or.9�rwwkV•b�Mtit wUl b��ppN�d lint to my�mount� Bnrrow�r owns on th� ■scund Q�bt ---
<br /> .,I �zolu�ive of Int�n�t or prinolp�l,��cand to mt�nn �p dlbsn4o {x�nclpU.If p�rtiel prepayment of the�ecured debl occure for eny roeeon, il will e•-__
<br /> .� not reduc�or excuas�ny�cheduled peyment untN�b-euu�ldi0t h p�k!in�u��•
<br /> . f i ��,
<br /> 1,CIMnM A�t 7FIN.Borrow�r wlll p�y d{t�xr1 aw�ls�'Mhh,�nd otMr chstp�o�ttribut�bl�to tlwpropsrty wh�n dua�nd wlll d�f�nd titl� --;�
<br /> dsf°'sia�wh Ch�Borrowir miy Ih�ve flslnitpt Iq wha i pplY libor or�m��t rU�ili to Im�ov�r nilnteln Bhirpwop�rty��lyn�ny rlpht�,cl�fmp cx _...
<br /> l'_«:
<br /> n; 3, N+��ne�. Borrowa will kup tM prop�rty Intund und�r t�rm� �cc�pt�M�to Lend�r �t Borrow�r'��zp�nw rnd for LuM�r'� bm�tit.All =
<br /> Insurance poi�cle�shall Inr.lud���tandad morty�p�ctauN tn lavor of L�nde�.Lend�r wfll b�nsm�d n la��paYU a��tM UwrM en my ouah n�
<br /> imurance poAcy.Any insurznca{uocccd�muy 6o epp11:�,vJithin Lendcr'n dl�netlon,to elther the nsto►atlon ur r�p�l►of tM d�m�p�d Ixnp�Ky �..,
<br /> _;��,�;��:,,P�t or to tl►�e�cund d�bt.If L�nd�r nqukn mortpay�insuu�e�,BorrowK�pro��to maintNn wch inwranc�for n lonp n l�nd�r nquka. rr--
<br /> 4.Prop�rty.Borrowor wfll k��p ths prop�rty In pood caM�tion�nd m�k�NI rep�ln rsssonably neatsary. �=
<br /> 8,ExpMUa.Borrow�r�prses to pay d)Lend�r'��xpenns,includ�np re�sonibl�attornay�'f���,if Darrowsr bnak��ny cov�nants In thla d�ad ��
<br />=��p�� ot uuRt or In�ny oblip�tlnn aecured by thl�dead of[ruu.6arowe will pay theu�mount�to Lender�s provid�d m Cov�mnt 9 of thl�dNal of -
<br /> ''""� �; trust. _
<br /> ' �`. 6.�S�c�y Mtw��b.Unt�u Bortower firat obtain�Lender't w�itt�n content, Borrower will not m�k�or p�rmit�ny chanp�o to any prior
<br /> � ucurity Intsn�t�. Borrower wi�l p�rtorm dl of Borrowe'�ob1i��Uo�o undat rny ptior mortqaye, deed of Vuet or othe►6ecurity ayreemmt, c-
<br /> . includinp Borrow�r's covsnynts to m�k�paymsnU whendue.
<br /> },''. ? �,��{�t o}��HS�nd Prolib.Borrow�r si�lpn�s to Lend�r tM nnts�nd proHts of the{xoPertY•Unless Borroww ar►d L�ndsr h�w aprNd
<br /> � otMrw�w In writinp, Borrower m�y coibct�ru1 nt�t�ihe nnte�� lorp as Borrower I� not in default. It Borrowar defauit�, Lsndsr, Under'a
<br /> -`��^ � �ysnt, or�court�ppointsd tealwr may t�ke potsettbn �nd m�mp�the property�nd collect tM rsnt�. Any rant�L�ndsr coll�ct�stull be
<br />.-:,;. �pplied ffrst to tha cost� of mmapinp the property, Includinp cou►t costs end attorneya'fees.commisdons to rontsl �pe�nU, �nd my other
<br /> '-'" m�;.';• ' rncsssary nl�t�d�x1»ns�s.TM rom�ininy amount of nnts will then apply to p�yments on the cecurod debt ai provlded in Covenant 1.
<br /> v�'�_i... ,°
<br /> �a•�' ,.�_j�� 8orrowsr�anes to comply wfth the proviaiom of eny lea�e if this deed of trost I�on
<br /> ;��:fb. 8.Lwt�MaWa•CoodotnM�k�rru:PIwNd Unk D�wloprn�b_
<br /> -�� '�:; .�•� a loesehold. I�thle deed of truat ts on a uMt in�condominium or e plenned unit devebpment,Borrower will periorm a0 of Borrower's dutiea `
<br />_'•ti. �'r��--' � under the cownanU,bylaws.or npWation�of th�CondamiNum or pNnMd uNt dsvalopment.
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<br />_,•,�f,;�;;�:•,� s.Autlw�y ot►,«�to PKfann 1or dortowK.If Bmovwr fa{b tops rform �ny of Borrowrr't duties ur�r this de�d of uuct, l�nder may
<br /> ' � pKform tha dutNs a cause tMm to be pertorrtwd. Leids�may tlpn Borrower's name or p�y any�mount(t n�cesa�ry fa p�rfam�nc�.It snY
<br />___t.,,�,.„ conatructbn on ttwproµ�rty is discontinusd or not carrled on in a res:onabk mannsr,Lender may do whetever i�necess�ry to protoct Lendsr't
<br />--.,:�,,�, - security inten�t fn the prop�►ty.Thi�may includ�con�pbtinp the con�tructlon.
<br /> � Lender'�failure to perform v►fl1 not preclude Lender iromexerciairp any of ite other ripht�under the lew or this deed of Vust.
<br /> �:� :,";;1.',•.;
<br />-- ' Any amount�pald by Ler►der to protect Lender't teeuiN intxest will be cecured by this dsed of trust.Sucli�mounts will be due on dam�nd
<br /> _;'�� �nd w{II Ma►intsrast from ths d�te of ths p�yment und psid In tull at the Int�nct nte In sNect on the secured d�bt.
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<br /> `�:'_�;�,,, ;� . y0. D�hutt�nd Accd�►Maa�. If Borrower faib to rn�ke �ny p�yment wMn due or breakQ any covenant� undv this d�sd of ttu�t or any -
<br /> �..�,n oblip�tbn�ecured by tht�ds�d of trust or any prio�mors9pe or de�d of uust, Lsnder m�y accelaat�the m�turity of tM s�cund dsDt snd
<br />�,�;�* " demend Immedfats paym�nt�nd may invok�the powa of aik and sny otfisr romedi�a permitt�d by appilcable I�w.
<br /> -- ?_X?�. �' 17.Raqunt ta Notk�of D�fwlt.It ia heeby r�quettW tfut copies of tM noUces of detauk and sele be ant to each person who is a psrty
<br /> ._:.;;x;� ` i'Aroic,s:il�..:addt�a!stGt!e1rh nw�gnn a,e�ut forthharein.
<br /> �"�=-"_=�•-� 4 12,�owK of 8�M.it the Lend�r fnvakes ths pawer ol��ta,the T�uttee sh�ll iirst racord in the oNiu o}ths r�Qistw of dsM�04 e�ch county
<br /> =��,+:x• f wMn(n tM tru�t prop�rty or some part or psrcel thsrwf is dtuat�d�notic�of defauR containinp ttN inform�tion rpuind by I�w.TM Trustel
<br /> '=�'�i`Y'�� � shsM al�o m�U copks of ttA notice of def�utt to tha Barowe►,to s�ch penon who It a p�rty heroto, �nd ta othsr psrwm aspr etcrib�d by
<br /> -�--�� �ppNc�bl�law. Not Ns�thsn on�month�iter ths Tnnte�rocord�the nMics of deTauR or two monNu if tM trust txopKty is not In �ny
<br /> '----'� I�corporatKi city a villaps�nd Is used in brmirp o.p�n�bnt carriad on by the trusta,the frustes shall pivs public notice of s�le to tM p�rsoru
<br /> �,�'-;�--�� �nd In th�marw�r pnscribed by��ppA���+���W �►u��M, without demand on Bwrowar,shall�ell iF�popsrtY�t pubilc auctlon to tM hlpllsK
<br /> ------ bWd�r.If rpuk�d by th�Farm Namoataad Protectlon Act,Trustee s�!ic mnou Gment at the time aPnd pl�Ci of�ny�p�evlously sCMdi als�d iaM,
<br /> ��= Ler dir a Iti d�ei p�ne may purci�iio ths propsity it am�l saN y bY P�
<br /> - - Upon nabt of paym ent of tM price bid,Trustu shaYdelivK to the purch�ser Truatee'a deed conveyfnp the property.Ttw rockiNs contaGwd In
<br /> ='==�� Tru�tse'�d��d shali be prime hcie evidience of tM truh of the�tetement�contsina�therofn.l'rustee shall�pply the procssds of tM s�k In tl�e
<br /> - �- ---- � tolbwinp ordsr: (a) to all expenaea of tha sab, indudirq, but not limited to, reasun�ble Trust�e's fess. r��wnabN �ttorn�y'� tsu aM
<br /> nioatatem�nt fNS;(b)to d l sums tecur o d by t h i�ds e d o f ttu s t,�n d l c)t h e b d a n c e,i f�n y,t o the p srsons l e pol y entkled to ncsiv�It.
<br /> 13,For�dowr�.At Lsndcr's option,thia d�ed ot tru�st may bs faeclosed In tho manner prov(ds by�pplicable law for torecb�ure of mortp�f
<br /> on roal proparty.
<br /> 14.�c L�nG►may�ntsr the property to ir�sqct it If Lender pive�8orrower notice beforehand.The notice mu�t stats tM nasonabte
<br /> cauts fu U�nder's inspectbn.
<br /> v"-- 1 B,CondNnwUon.Barower eu{pna to L�ndsr thspr ausd�of my�ward ar ciaim for dame�aes cartnected with a car►demnitbn or othe►t�kirq
<br /> of�II a�ny pMt of ttw{xaperty.�Sueh proaed�wfll b�pp�isd u provided in Covenmt 1.This esaipnment b wbJeot tu the terms of�ny p�Iar
<br /> -- s�cu►ity��nt.
<br /> _ _--��� 1a,yy�iwr.By exercisMg my rsmedY awllabl�to Lerde�.Lend�r doea not pive uy any riyhta to later u:e mY otMr rsmady.By not sx�rGsinp
<br /> �ny nmsdy upon Borrower'�detauk,Lenda doao notwaive�ny ripht to later conauler the svent e default if it happen��OOin.
<br /> 17, ,IoY�t�rW Sewnl Ll�b�itr: CaslprMn; Succ�sfar �nd Aw{pn� Bound. All duties under thii deod of trust ue Joint er►d severol. Any
<br /> BorrowK who co•siQm thl� dNd of 1�utt but dos�not w-sipn tM und�riyinp d�bt inctrument(s) doas so only to prant �nd conw�y Lh�t
<br /> Bonower'��nt�nst tn the{xoperty to the Trustw undw tM termi�r�eot thi�de�d of truat.In�dditbn,such a Borrower apnes that tfie I.�ndw�nd
<br /> --� debt wkh utrcth�+�t Borrower i con�s�ntand witfiout�Mit�lnp hatBorro erhom thet�miof this tdisd of truat this de�d of truM or th� ��cw�d
<br /> '�
<br /> — TFM dutiss�nd bar�fiU of this deed of Vuit sh�ll bind�nd benefit the�uccesson�nd easlyna of Lender and Borrow�r.
<br /> --- 7�.Motle�.Unlew otherwf�s nqulnd b/law.�ny notice to Borrower shill I�e plven by deliv�rinp it or by mn{Ilnp It by cartifled m�il addreusd to
<br /> _-°"�� Borcowa�t ths pro addre�s a any other�ddreu th�t Borrower has plvso to Lsndx.Borrowlr wlll plvs any notice to Lender by clrtHild
<br /> •�-1. meN to Lendsr'� �s�on pap�1 oY thli deud of uui4 or to any otMr�ddress which L�ndar has dsslpmt�d.Any oth�r notics to Lender sM�ll
<br /> '-�` be sent to L�nd�r's�ddress u at�ted on p�pe 1 of t1�M de�d of wst.
<br /> ����:., �i
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<br /> '-''~.�`:-` i Any notics shall be ds�med to harre been plven to Borrower or Lcnder when piven U che mmnet sUted above.
<br /> _,� �.i.;.� .
<br /> =-_;.;y;:;,", �g,T�}N pt yw propMty a�6�11cir Mt�ns!N@s�6oROwM.If ell or eny pnrt of tM propsrtY or�ny Interott In It 1a soW or tnn�tsrred
<br /> ;.,�y. wfthout LsncNr'o pr{or wrltt�n consent, lender may demend Immedlnte paymerrt of the seeured debt. Lender may alco d�mand imm�diat�
<br /> - � demendtpaymsnt�In ifis aboviitu�t ons�if i�s6�ohib�ded by fofderal Iew as ot the da�te�rof thes deed�of trusLnaferred. However, Lender m�y rwt
<br /> .�;•�.•.` 2p,q�eonwy�nc�,WMn ths obllpation eecured byNls deed of truct hae besn pald and Lender has no turther obllyatlon to m�ke�dvancn _
<br /> � undM tM In�truments a•anemsnt�sscured by thl�deed of trust,the Trustee shalf upon written request by the Lender, reconv�y tM tru�t
<br /> �-��rr�tr�Y. propsrty.The lsnder chatl dslivsr to tM Borrown►, ato 8arrower'i succes�or In Intsrest,the trust deed�nd the nate or other evldence of tM
<br /> .�i� ::. oWpatbn so sMl�tied.Borrower ah�tl pay my rocordqbn wste. _-
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<br /> � ' =;;'. - 21. 6ueeaswr TruttM. Lender, et Lendere opt�on,maY remove tn�siee end eppoirn ■ eucceaavr irosioe `vr ����. „'��"'ry - --Y1�• •
<br /> •.�;;,. substltutlo�of trustse as requlred by appllcable I�w,ud tMn,by filinq the aubatitutlon of trustee tor record In the office of the regiiter of deedi
<br /> sucae�d t ntl ihe power tdutlease�hot�y snd tltle olthe T ust e nimed Ine he d ee d of truet end ot any�successorYiru�stee.of the prouerty.sh�N
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<br /> fPaye 2 0/21
<br /> . BANItElIS 6YSTEMi,INC..ST.CLOUD,MN 66]01 11•app•$97•23411i0RMOCP-MT6•NF 0!1@/91 __
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