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<br /> ` ' . ; ' ` t}eecured Qebt vuhen QuB. Untess Bormwer end Lendar a�ee othetwise, anY :r�;`_,y�:
<br /> `�'' • ��� t.�� Bortowor 8gre9s"o n _' ``' ...
<br /> 0���Q�fe�� . ��bQneftt uvDl be appried tiret w gnY emaurta Barrower owea an tha seeured dabt �.. • .
<br /> . .� �s mcch�stvo ot(nterest ar t seem�t�.l�ti�9 td Ddncipal.If psttt8l PreD�^t ot tAe sewred dabt aeaas tar anY reason,it wtlF . . .
<br /> � • ,�:� not►eQuCe�e�oeu&e s� .,�f0f�0���ta paid in tuU:
<br /> : e �; ` : `� Z.l�ne pqatn�t�.�arcowei�w p��"�mxes.essessmeirts.a n d o t h e r c h a r 9 a s a t tr i D u t e b t a t o t h eprop e R l t w h e n d u s a n d w ill datend title . _ ...`
<br /> � �'� tp tho prop�y a�er►Y eleime which woutd�aWaU dte lien cf th(�deed of bvat.Lsnder may�equtrts B
<br /> artower to esstBn e�Y��•��ma a
<br /> � • defet�&es wNt�►�ortawet maY IfBVe egfltnst Oerttes who 6u0PN labor ar metetials w itAprovu or mr;intatn the proporry. . . :'�;Y.
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<br /> ;..'.� .. ' � ,�,2 3,ht�e�Bottowet w311 keep tAe ptoDertY�a8us��t�avoi of L�en�tlendet te�ID de aam��d as toss Payee ct�astthe I�ns��n ea�iry sucA
<br /> irtsurer►ce PoUetas st�i!fieiude a stat�datd mortguBB t}ib restoreUon os reDalr ot tha damaS80 DroD�Y
<br /> ' ,•._�. ..�`., ins+uaneo 9oti�y.My�►s�nancs prneaeda may 60a�6ed,wriNn lendera disaetion,to ettl�ar
<br /> � or�o tha seaaed deln:N Lender reqw`rea n'►ort8ago ins+uanea.Bortawer eBrees to maintain such u+muan�e tor es�°"9 as tsnder requtree. -
<br /> �l„�,�:-z 4.P�perty.Bortowar wID kaeA tho Oropertll�9flod eondltian end make all repairs reasonabiY nccessail►. `.
<br /> � ._ � 6.bcPa�nn�.�orrower e8�ees ts��!lsn�r'e e enses.•inch�din9�essonabie attameYs'tees,tf Bortower 6rea U�i C�ve�nant 9���odf _.
<br /> �
<br />- ` ^ o�or tn efi►oDQgeUOn ssc�ued this Qeed ot Bortower wUlOatl�ese ama�rrts to tander as ` • , :�
<br /> � .�`..�..�`A
<br /> 1`'' . .. ' 8.PRar S I�r�ats.Untess Bartower�gt a6taina lenders written canseirt.B ci ma�aSe Q9ed ot�tr at ortothY�s�e�egreemert�tr. - � -
<br /> t �n�.Borro�+ver wiU pertorm efl o!SarroweYs ahGgsttons under eny Pd ..
<br />.. . �f i in�Borrcwar'e wvenants to make D�rOS avhen due. u�Ba:rower and Lendar have 8greed -_ -
<br /> ��; 7.Aat�oi RsMS as�P�oSts.Bortuwer essigna w LendBr the rertts and Profits af the Dm�erql• _
<br /> o1�►en+dse tn wrftin9•BoROwer meY catlect and raRain the cer�as tor�g as Bortower ta nat in detautt. f Borrovier QafauJts.I.ender,Lenders - .
<br /> a8B11L ot a co�nt eDDotrted teeetver ma�►taPkreaD81'N.���a�m rtae�e°„e���1IS�fees. caemmb�sicre m er�rtel a eet��efi/�� —_
<br /> . . aPPlled fUst to the�of mana9Tng the g� •-..
<br /> " necassary retatad exPe�es.The temaining amount of reMS�nn�U then epPhl m.PaYme���8 g��i���tease H tlUa deed of vust is an .:`,�`
<br /> ' Ur�Qeva�ayrt�enb-Bortower agrees m comphl Pr " ':�-
<br /> �- . `°`� 8.teassltctds;Caadornin�una:Otmused -
<br /> ' � `....� a lessehatd.N this daed ot fi�st reguletian�a o��wnQominiunm cr p�pi=d��°d�D erq.�Bormwer�nn�pertortn all af Bottowers duties ,..•:�,. :
<br /> uaQar the eavenarste.Dyaa '
<br /> - '��'; 9.Aut!►mity ot L�n�to Parfoicn f��•if Bonawer faib to�ertorm eny of Borrower's duties under This deeA of ws�L e n d a r m a y v
<br /> . �� p e r t o r m t h e Q u tl e s o r a anse thmn to ba 0@+�rmed.Lender may slgn earrowers name�r pay m�deorrtwt�atsve�is��t�ssarft o�prote�.t�t Lfl�t�d�'s �`�° :-
<br /> � - •�.:i� constructton on ttta propertl►is�seor►ttwed or nas carite d o n i n a c e a s o n a b l e m a n n e r. n d e r _
<br /> � " :� sec�ultY interest in the ProPeKY•Th9s meY incNde eompteting the cansut�ction. -
<br /> .r`��.:J•. Lende{B taIIuse to Oe►fo►m wiU t►ot Wedudo Lender hom exercisin9 8n!►cf Ha othsr�i9!►ts undai tlte iaw ar t1�is deed of trust. --
<br /> '` iMerest wiU be secured by ti�s deed at wst.Surd�amourtts wi0 be due an demand
<br /> . :: qc�y emounts pa(d bY lenQsr m Dmtect Lender's se�t11 } �;
<br /> _ .. i an0 v�til bear Utterest tram tfie date ot the paymert urtfl pald in tutl at the isnerest rate in effect un the seaue�de6t. � {;.
<br /> '` �? nbaS�sea�te�pi�de��ot�trust m anY PnommaRgasepor Qeed oyf etrust Ler�i�d eme��yacc(e��e�m�aturlN of�e secure�de6t�d �� -
<br /> �,t't� Qemand Immediata PaYmeM and maY tmmke the power ot sa�ena enY other remedies permitted by appIIcabte taw. �'.� _
<br /> +._�-_ , ._ .....» eo.�h narann afio is a OaRV --
<br /> ,i; 11.ROQlta9!i7i K8�C0 Of O�fiuh.It(8 hefebY teQuBBted th8t WD�of M8 rto4�8 ot aerauta m�v aa�v w w...'.s' -----�- �--
<br /> �. hereto,et tAe a�ss of each sueh Oerson,as set forth herein.
<br /> ;,';tt;�- �y pawar of 5�..(f tf�e l.ender imrokes the powec o f s a te,t h a T n,a t e e s A e O ft r s t r ecord 9n tne office of tha regtater ot deeds ot eacb cou�+tY . —
<br /> f, , wherein the wss P�OsrcY or some part or parcel thereof is eiwated a notice oi defauR cor►tainin the inionnatton re4u 1 r e d b y t aw..Th e T t u s t e e _. --
<br /> �r` ,;;� she;l aiso maii ca�ies of the noUce of deTault to the Barmwer,m each person who is a PartY�eret�,end ifl oMer Pa�sons as pre`ot in e� R'. ��
<br />:•:-i.:;s;•;_ _ � a�c a b l a I a w; N o t l e s e t n a n o n s mo�rth eftar t1►e Trustee rectsr�s the not(ce oi defa�,or two mortths i�the wst O�PerN i
<br /> '"�"� •�•'%;�' ineo►DOrated e�tY o►viltage and is e�sed In tart�ing operatlans e�ri�s r l on b Y f h e o u a t o r.t h e Y t u s t e 9 6 fi e 1 1 9'n�e p u E1iC notlte ot ea18 tb fhe petsons �--—_-
<br /> �'`�` °.' r;; and in the manner prescribedyy sAOD���B�e'^r•TNSt°a,�o�demand on Bonower,stiall seil the pmper�y et public euction to ths h iSh e s t ._,�._�
<br /> . � :i��:;; D i Q d e r.i f re q u i r e d 6 y t h a F a r m Homestead Protect�on Act.Trustee shall oNer the propertY in two sep�sei69 as teqNr80 by applicabie taw. �j�,
<br /> "r'' Tnistee may past0ane eate of ali or anit parce l o t t h e p r o D e n S►b Y D���e�o u n c e m e rt t a t t h e t T m e and p f ava ot any C�e�ousty scheQuled esie. —_ ..r��•
<br /> �s 7''` Lender or h s d e s�e a m a y D u r c h s s e t he pro pe rt l r et arry safe. . -
<br /> � 1..,. _- The teeidats contatnad in ° "'"`�=-
<br /> . :�3 Upan teeetpt af pavmsM of the prtee bfd.Trustee sheil detivet to the purchaser Trustee's Qeed eomreY1n9 the propert5►•
<br /> . . . �� Tn�stee's d a e a a h au be p r ima tade evidtence ot tha���^��not li�mited�m,n r e ason a b[a Trustee ee�sAt es on�abta eattnrn�a efeas en0 . -"
<br /> ' foDawtng order. (a?to atl expenses of the sete. • __.__
<br />_ � • � ;;' reinstatamerrt feea;(b)to a0 suma secured bY tfiis deed of vust.ana(el the baianee.H any,to Yhe Pe�ons fegalty eMitled to reeeive R. P
<br /> � • • '"T-` 13,Fores�aaure,At Lender'a op�Bon,this Qaod ot truat may be foreciosed in the manner provi�e Dy apDUcebie Iaw tor torectosure of martgages - -_
<br /> �';`� an real propertY.
<br /> 14.ins oa$an.Lender may errter the propertY to inspect it it Lender g(ves 8orrower notice betorehend.The notice must stata tfie�easanabte E;. .----
<br /> ' :`; cause�r Lencfer's inspection. • �._ '`
<br /> � ' �5,ConQe�rtnattoa.Bortower assign�a W lenQer the proceeds of eny award ar ciaim for damzges� conneateA wtth a condemnatlon ar ather tektn9 �.
<br /> � .: ;S�..� ot atl or arty part of the ptopettY.su�G�eeeds will be appfied es provlQed tn Covenarn 1.Ttis assignmerrt is subject to the terms of atry Drior „ -
<br /> ''.:t?f�;+. � seCUf1N e8reem8nl. .
<br /> , �,,,rs:l ,>. 8• , �..;. -
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<br /> 18.Watver.BY���ng any rem�avaitabte to Lender.Lender does twi gtv�up any rights to tater useamI o t h e r t e m� B y not exerGsing �-,._ :
<br /> '•>��' any remeQy upon 8orrowePs defauit,Lendar Qoes not watve any�tBM to tater eonsTder the eveM a defauk N It hepDens ag a(n•� [ `
<br /> � � 17.Jdnt en0 8everal L[a�i�r: Co�t�ere:Succeasors an 8 A s a i�w B a u rt d.A fl Q W e a u n d e r t ri l s d e e d o f U ust are lotnt artd several.Any - -
<br /> Boaowar•who casl8�s this e�ot truat hut does not co-sign the unQerlving debt insvumentte)Qoes so onty w graM an 0 wnveY t ha t
<br /> anYrcoth�Bar�rou��r undeT��is Q�eeO ot tru�m aY exdten0 madi�t�or me k e anY o t h e h a�n ge e si i n��i o t e�r m s o t U ri s Q e e�d o!v m u 8 a t t o t h en see�cured . _
<br /> ' �f��' debt wfthout that Sm►owers airtsecrt anA without re►easing that BoROwer trom the tarms of this deed of truat.
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<br /> ' The dudes and benef'rts of this Qsad of trust shatl bind and benef1t the auccessflre and assigns of isnder and Bonower. . _
<br /> '�`' 1�.Ha6ee.Untass athe�se re�lUed by tew.erry noUcO w Bor►owet sl�r�8e 9h+en h1t��'JOfMg ii ar by maiting ft bV ardfled maif adQressed to
<br /> � " gorrpinrer at the proDerql eddreas or ar►y other address that Borrower ha�9iven to Lendar.Borcower wtil give any aoUce to Londer by certffied � :_ :�
<br /> ��.' 'i mail to Lendcr'a aQdrese on pago 1 of this deed of auat,or to any othar edmresa which LenQer has Eeaignatad.My other notice to Londor sha11 � _
<br /> - -���,,;}:: ba sorM to Lendsr's aAQresa as amted on paSa 1 ot thta dead ot trus� � �:
<br /> ._ �.:= ..__::: � �_
<br /> � ,,�,,,-.,ti q�y„�ice simii ba Qeymeci:o hava baan etvsn to Bonowe.or LenQer when atven in tho mannar stated ebove. ,
<br /> , ' � �:'^x. . � t9.��r���p�peKy a�e geaefietef Ictoe�reat in�e eonowm.If sll or any part of tha Oroaerty or any intereat in it ia soid or aensterred
<br /> v,rithout lanQefs prtor wntten conseM. Lender mey Qemand immediate paYmene of tne stieured debt. Lender may atso demand immedlete
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<br /> �;:,i,:•�` '. ,-.•� Qa nand pey�mer►et in the ebove SituetiCns i!i i9 prohibted by tedete118w a9 of the Qa6e of�is Geed o}�VU3L�sterred. However, Lender may aat .
<br /> �;:,�`:
<br /> � 20.Resonve�ne.lNhen tho obligatlon secured by ffiis QeeA of Vust has been paid anA LenQar has no further obUgaUon to make advance9 �;,.+.
<br /> gree the Trustea shel� u� Ya�ote or other evidence of tho
<br /> � ' .. pro perty.The�e�heil dalivo�t�o th�cwar�or tn Bonow�eYi�suecessor in IMeresL��e tru�Qeed ar�idbm�e�"ende►.�aconveY trs Vust
<br /> - '° obtigaUon so ea6sfle4.Borrawer shail pey any reeordaUon easto. � � ;,.
<br /> �,�•�� • 21.Sucaeaaar Tneatee lenC�. t LenQer's aetlon, maY nmove Trustee and a�poirrt a sueeessor u+,stee by tlrst, mailing a copy of the ;,.,
<br /> subatituUan ot trustea as requhed�y appflcabte law,anA t3��r►.b fitlrtg th�$ubstltuUOn of trustee tor reao�rd�`i�n���nco o Uie property�shail .
<br /> t3 v
<br /> �� of each wunty in whieh the trust ptoperty.or some Dart thereof.is situ ed.rne euccesso:wstee.
<br /> . • ., sueeeed w atl the powor,dudes,authority an0 titie oi the Truscee namea in the deed of truss and of any sueceasor tcustee.
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<br /> 81WREH9 SYSTEM9.Q1C..ST.CLOUD.MN 68301 1t-800�807•�t!i0i0N OCRMTONE 8/t9/91 � .,
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