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<br /> COVENANTS �/'� �+.���y -�'rt�'��"t���'
<br /> 1�Jpp��./ . cw„�,
<br /> r e ��s to meke nll �Ympme on the s�curad d�bt whenfdu�.to��e��mounti Doarower ows�on t��ecur+d cleb . ' -__
<br /> 1. P�ym�nt�. Borrowe pr -
<br /> pnyments lenda��cdw�t+om 8attqwer or uv 8arrower s be�ellt witi d� �pplled �t V _
<br /> exciunwe of fnt�rs�t or principal,�eunnA to Intere�t,��d then to prinaipal.11 PsiO�� W�P+Ym�nt ol tl+e�scured debt or.r.un for�ny rneaon,it will
<br /> not rsduce or�xcus��ny tch�dul�d p�Vm�nt untll lh�e�cured debl Ia paid In fuu. _
<br /> 2.CINrn�Ay�IMt TFtl�. Bottown wlll p�y�II t�K���������m�nt�,�nci othn cMrpe��ttrlbut�b!�to the 8proparty when due��d wlll dnlend title
<br /> to th�property•y��n�t any c1�im� whlch would fmp�lr lh�Iim��hor�or mit��ln�i to Im��ov o�nilnt�ln therpropsrty�����n sny rl�hte,c�aim�o► J`.f
<br /> �
<br /> defoncea whlr.h Rorr�wer m�y hws ep�imt puti�l who�uppY y-
<br /> Iniuni cs Poll Bei ah�ll inrluda iitindard mart p��p�rc�u� In Irvror o}L�d rbll du�will ba1nemnd w�rloe�pny��or u thn In�ur�d on�snyl such �%•�._:
<br /> or�to the�icured debt� If�lenderrsqi������IIflBfl InFlu�ancol�Dorrovierrep e��rr�o+mninte nt�ivali�innu�a�icettor a�lan�na Lender�requires�oparty i`.
<br /> ,�`
<br /> ..- 4.Prop�rtY•Borrowv will keep the property In pand l:andidon snd mek�dl r�p�ks ru�onsbly neces��ry. __
<br /> "Or 6.Exp�nsa•Borrower aqrnes to pay n����ndnr'e expenaap.�naluAinp renonabb attornnys'toe�,if Borrower brenk�eny cavenente in this daed _
<br /> ot trust or in nny ohlipatlan securrfd dY thla deed ot tnu,t. porrpwer will pay the�e�mounte to Lnnder se provided fn Covennnt 9 of thla deed of
<br /> trust. '
<br /> ;,;.�.:
<br /> 6.P�inr S�cufltY��Mr�et�.Unlona Borrawor HrRt obtains I.enAc,r'e written consent,B{o�rrorwQrt9epe�deedAOf truetror�tother ae u�Itytepr�eementr ' -
<br /> � �acutity �ntareitl�. Borrq�vOr will perfarm all of Barrowot'e obl�grtlans undet�ny p ��-_ _
<br /> inctudinp Barrowa�'s cavenantR tp mnka pnYmemn when dun. Unlese Borrower and Lender heve�groad � w;----
<br /> :I 7,/►ad t ot R�r►tw md Proflt�.Borrqwor a9eigns to Lender the ronts end pro(Itd of the prop�rtY� �<<--
<br /> otherw ae In writlnp, Borrower mAy aollnct end retain tha ronta as long ea Bor►ower fa not in defauit.It Borrower defeults,Londar, Lender's z_
<br /> opplied flret to��the cas+te of�mnneginmfltha P operty�snaludinga ourt co t 0ed att rneys cteeet commiscio e L rental�entn�a�ndtany o�thee -+,,��-
<br /> ; necessary rolated expen�eo.Tha romAining emaunt of renta wil�then applY to paymenta on the securod debt ae prqvided in Covenent 7. �sil•
<br /> 8.L�u�hdds:ConAominiumt:Ple�n�d Un(t De��laqm�rrte.Borrower aGrees to campty with the Drovisione of any leesa if this deed of truat io on —
<br /> a leasehald, If thls deed of hust ie on e unit in e condaminium or e plmned unit tlevelopment, Borrower will periorm all of Borrower'a duties =
<br /> under the covenenta,bydaws,or raBulatlana of the condaminfum or planned unit development. `'
<br /> perfoa m�he dutiea o�euse tham to be perQformedf Lender m�y�eign��orrowar's oameBor�p Y e y amount if oecettsry f o�petf o mence�If snY =-
<br /> construct�an on tfie property ia discontinuad or nat cerriad on In n rnasonabie manner,LenrJer mey do whatsver is necessery to protect Lender'e .:�
<br /> . �. seCUrity intor48t in the proparty.Thla mny inpluda complpting the construCtion. F-�
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<br /> Lender's feiluro ta parfarm will not precluda Lendw from exarctsing eny of ite other rights under the law or this deed of trust.
<br /> � ' Any amounte paid by Lender to pratant Lender's securlty intar�at will be securod by thfe deed of trust.Such amaunte wili be duo on dema�d
<br /> �, and will bear interost from the dato ot the paYm�nt untfl pald In fuil at the intarest r�te In offect on the securod debt. -��
<br /> I:__
<br /> ��, p�{� �nd pc��IK�tlon. If Borrawer fnils to meke eny payment when due or brsaka eny covenant�u�der thls deed of truet or any '
<br /> obliyation tecured by thb deed of trust or eny prfor mortqage or deed of tN6t,Lender may ar,celera�faabie Iewurity of the secured debt and __
<br /> �., demand immedisto payment end mey invok�the power of�ale end any other remedfes permitted by epp
<br /> ' hereRo�at�the addreca of e�+ch�suukch�Pe Bon,pes ae tfonh here n.copios of the notices of dafault end sale be sent to each perton who io e party
<br /> ',� 12.Powe of S�b.If the Lendor+nvokea the power of sale,the Trustee ah�B fhet rocard m tne offiice oi ii'�a rsplsisr ct dseds af each aounty
<br /> R� � whe►oi�the truct property or same peR or parcei thereof Is situeted a notice of defeult containfnqereto�tend to otheQupersons�as p ascr'ibedtby ,�m��
<br /> �- .•� ahell also mall copfga of thA nptice of dofeul!to the Borrower,to each percon who is a partlr h i� not in any
<br /> � applic�We I�w. Nm le��then one manth aiter the Trustae �ecords the �oUce of default or two monthe If the truet property
<br /> and In the�mentnerpresc�{bed by+��appplicable I�ew�Truste�e�with ut demand ont8orrower8shralltsell t e��property�et publio auction to t e h�ghes
<br /> bidder.If requlred by the Farm Momeste�d Protection Act,Truatee shaii offer the proporty In two separate e�les�s requirsd by eppliaable law.
<br /> • � Trustee msy pastpono ule of ell or�ny percal of the p�operty by publia anmuncement at the time and plece of any previously scheduled eale.
<br /> Lender or its deaipnee may purchase the property et any aale.
<br /> Upon receipt ot peyment of the prfce bld,Trustee ahall deliver to the purchater Truatee's deed conveyiny the property.
<br /> The recitiei�contelned In
<br /> Truatee's deed aheil be prime fecie evidience of the truth of the itatoments contalned therein.Truatee shall epply the proceede ot the ade In the
<br /> reinitetement teeia�lbl to�all ume secu ed by this�deeduof�i ust end Icil hetbalence�If��Y btu t e peeeona legelly ontiti9d�to recelva ii,feee end
<br />. 13.Fa�clo�w�.At Lender's option,thls deed of trust mey be toreclosed in the manner provido by eppiiaable law tor foreclosuro of monyagos
<br /> . on reai property.
<br />� , 1q,In�p�odon. Lender mey enter the property to inapect it if Lender give�Borrower notice beforehand. The notice must atete tho nsiona6le
<br /> cauan for Lencier's inepection.
<br /> . • ' ofall�o�r enY part of Bhe pW porty�Such proceedshwill bo plied esYprovaded irt Covenentel eTh(s esstpnmont Ist subjectteo the�terms of inyaprla -
<br />- • 'r eecuriry epreement.
<br /> 16.W�IvM.BY exercl�inq eny remedy aveilable to Lender,Lender doea not pive up eny rfphte to Iater uae eny othena gelny�BY not exerciaing
<br /> any remedy upon Borrower'e dofault,l.ender doea not waive any ripht to tater consfder the event a default if it hepp
<br /> �� �dM � S��«��� �o,�fy�r�� guee�uor��nd Assipnt Band- A�� dutiee under this deed ot truet ere jolnt and severet. Any �
<br />'f w � ,� Barrower's Intsrest in the pl�orty to the 7ruetea undor thocterms f this deed ot truntt in additlon�such�o Borowe�epreere that the Lender end v_
<br /> � any other Borrower undor thls doed of truet mey extend,moditv or meke�ny other chengee in the terme of thl�deed of truet or tho secUrad
<br />_i� ; � debt wfthout th�t Borrower's consent and without roleeainp that Borrower trom tho terma ot thle deed of truet. _
<br /> +� The dutles end benefire of this daed of trust sheii bind and benefit the euccessora end asslpna of Lender and Borrower. R__ �
<br /> . �c �,;.=_.-.._...—_�._
<br /> 1a.Notic�.Unleas othorwiae requlrnd by lew,eny notice to Borrower shall ba 9iven by dolivorinp It or by malling it by certlfled mell addressed to
<br /> � marfl to Lender's address on pefle 1�of thls deed of t uatt ort to�any other�addre ttwhtch Lender�has dos gnated Any othor notice to lender toh�l K�-��
<br /> be sent to Lender's eddrea�as atated on poge 1 ot this deed of trust. �•_ `,�
<br /> ' ,�'':r=�-�:.n--
<br /> Any notice shall be deemed to have boen given to Borrower or Lender when given in the monnor statod above.
<br /> .:�.���_-c_
<br /> t w9fthout�lendar's�prlorr�wrlttenrconsent„,c1Londer�mey demandrfmmedlateDeYmo^e t the aecured debt.�lender�mny ataoadomendlimmedlete �, �"--
<br /> . f payment if the Borrower le not e natural pereon end �beneiicial intoroat �o tho Borrower fs eold or trensferc�d. However, Lendor may�wt -�.+yy��
<br /> � domend payment in the eDove situetfone if It Is prohlbited by federai law e�of tho doto ot thlc deed ot trust. 5��}„�;
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<br /> � 20. R�aonv�y�nc�•H1hen the oblfgatlon secured by thl�doed of trust het boen pnid,end Lendor has r.o further obligation to mnke advancos . .• �.�
<br /> property, Thot L nder�shal�delfvereto the Bo�rowerthor to Bo rower'e successorein Interest tho ttu8t dee endihe not e or�ather evidence ofrthe " �.
<br /> obliget lon eo se t i s f i e d.B o r ro w e r s h a l i p e y en y recordation coats.
<br /> - _ _ --.___ _ _ �__�__ _. �_...��.�. �.,ri��. m.v remove Trustee and appoint a succeesor truatee by furst� mel�ing�iQfePnt deide �
<br /> .. . .. ..._-...� . 21. `�iUCC�NOf I ntiltt. �a�.vv�. ... ......��'� ' "".�_..__ . -. .
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<br /> substitution of truQtee as roqulred by epplfcable�aw,and than,by ffling the 6ubstltution ot truatee r�r rnuv�u�.�.��o...�•.,....•..._._o•-•-
<br /> ' � 6UCC88 to all ihe power tdutiesg euthortf y a d title otp ho Tru te nemled�inthe deed of trust e d of eny�euccassor trustae,of the property, ehall
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<br /> BAHKERSSVSTEM5.INC..ST.CIOUO.MN6630111•B00•�97-27411FOAMOCP�MTO�NEB/1951 _ ._-- ,
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