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<br /> � COVENANT/ 97"� W
<br /> . 1(169�0 �---
<br /> 1. P�ymNN�. Borrow�r �pru� to m�k� dl paymento on ths ttcur�d dsbt whm du�. Unlse� Borrowar�n�Lende► �pree otherwlRe, my �•�-
<br /> p�ym�nt� L�nd�r nc�lvu from Norrower or tar Bnrrow�►'t b�n�fit wlll b��ppll�d ii��t to �ny �mount� Borrower owes on th� �ecund debt « ,
<br /> �xcluNv�of Int�eut or princlpd,��cond to Intonst,and th�n to prinafpd,I�putl�l prsp�yment of the�ecureA debt occurs for nny roason,II wlll
<br /> not nduc�o►�xcuu sny�ch�duUd p�ym�nt untll th��ncurrd d�bt I� p� fnlutl. ''
<br /> 3.CINrt►�Aw1n�f Thl�. Borrow�r WIII p�Y dl t x��,n��s m�nt�,M�d othN o��rp�� attrlbut�bl�to th�prop�rty wh�n du��nd wlll d�f�nd titl�
<br /> " to th�prop�rty�D�Imt�ny cl�lme whfch woul�Imp�k tho�im of tfN�dNd ol Iru�t.L�nder m�y nquln Harrowwr to aulpn�ny rlpht�,clalm�or
<br /> d�f�m��whlCh 6orrow�r m�y h�ve�p�lnnt p�rths who�upply labor o�m�tel�la to Improv�or m�lntaln the proputy.
<br /> � 3. bwnnc�. Borrowsr wlll k�ep th� propety Intur�d und�r tsrmt�ctlpt�bN ta Lend�r �t Bo►rowsi'�sxp�nu�nd for L�rWv'� b�n�flt. AII
<br /> Insunnc�pollotsi�hdl Includ���tandard mortyap�clau��In favor of lender.Lsnd�r wltl b�nim�d��lo�� p�ye�or u th�In�und on�ny�uch
<br /> fnturonco pollcy.Any Inauranca procaede mey bo eppllod, wlthfn Lender'e clltcrt�tlon, to elther the reeto�ntlon or repeli ol the deme(�eA property
<br /> �� � or to th�t�cund d�bt.If L�nd�r nqulm mortp�p�In�uranc�,Borrowsr�p►u�to mslntdn such In�urance �or��lonp�t L�nd�r nqulrn.
<br /> `• ` 4.PropKty.Borrower wlll koep ths property In yood aondltlon snd make dl repain roason�bly necetsary.
<br /> �+�`� 6.Expnn��.Borrower aprss�to pay�II Lendee'�expan�s�,IncludlnQ �ee�amble�ttorneys'fee�,ff Borrower bre�ks �ny covsmnts In thls desd
<br /> ���,+ of tru�t or In�ny obllp�tlon�ecursd by tlit�daed of tru�t. Borrowsr wtll p�y thsa�amount�to L�nder et provlded In Covenant 9 of thli deed of
<br /> tfUit.
<br /> 8. Prtw S�curlty Int�nst�.Unleta Botrower flrst obtalna Lender'a wriaen concent,Borrower will not meke or permlt my chenyea tu any prlor `'.-.
<br /> securlty Interests. Borrower wlll perform all of Borrower'a obtigetlona undar any prlor mortgage, deod of trust or other securlty apresment, `�`'
<br /> : fncludlnp Borrower's covenmt�to meke paymonts when due. �,;"'?
<br /> � 7.A�slpwr�n t ot R�nts�nd ProRb. Borrower essipns to Lende►the romt and profits of the property.Untee�Borrower snd Lender have aflreed ��-
<br /> oth�rw sl s In writlny, Borrower mey colleot and rstatn the rents ea lonp ao Borrower It not In default.If Borrower defaulte, Lender, Lender's !—
<br /> p, apent, or a court appolnted receiver may take posaesalon and menaga the property and collect the rents.Any rente Lendor collecte shall be �•
<br /> appllod flrst to the coete of inenaelnp the property, Includin court costs and attorneys' fees, commissfons to rental agenta, and any other _
<br /> necea�ry related expensea.The remalning amount of rents w�l then apph/ to paymenta on the secured debt ae provided In Covonent 1.
<br /> T 8.L�u�holdr Condominkwru:Pl�exwd UNt O�vdapnNnts.Borrower•pr�sa to comply wlth th�provlslom of�ny Iease If thf�deed of trust fs on
<br /> • •leuehold.I�thls dssd of Vuit la on a untt In a condominlum or� plmned unit tlevelopment, Borrower will perform ell of Borrower's dutleo —
<br /> under the covanant�,by-tewa,or repul�tlons of the condominlum or plat�ned unit development. —
<br /> � 9.Avthodty of L�Nr to PKform tor sorcow�r. If Borrower falla to perform any of Borrowe►'a dut(e�under thls deed of trust, Lender may -��
<br /> pa�fo►m ths duUea or cau�s th�m to be perfarmed.Lender may eipn Barow�r'6 name or p�y eny amount B necessary for pe►formance. If any ,�._.,.
<br /> conttructlon on thepraperty Is dlfcontinued or not catrl�d on In a reason�ble manne►, Lender may do whatever It necoasery to proteat Lender's �
<br />- securlty Interost In the property.This may(nclude completinp the consuuction. 1�;;;;;;.
<br /> Lendsr's fallure to poHorm wlll not preclude Lender from exerclsing any of ita other rlghte under the lew or thls deed ot trust.
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<br /> Any�mount�pald by Lender to protaat Lsndsr's sscurlty Interest w01 be aecured by thb deed of trwt.Such �mount�wlll be dus on demand �i:;;:.
<br /> • �nd wllt bear Int�reat from the date of the p�yment untfl peld In tull at the intxest r�te in effect an the aecured debt. �. ..
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<br /> 10. D�fwlt�nd Aecd�ndon. If Borrower falla to m�ke any payment when due ar break4 any covena�tt under thls deed of trust or eny _
<br /> obllpatlon secured by thla deed of trust or any prlor monpepe or deed of tnist,Lender may accelerete the maturlty of the secured debt and -
<br /> demand Immedlate peyment and mey Invoke ths power oi sale and any other remedles permined by appllcable law,
<br /> 11.R�qwst for Notlu of Mf�utt. It Is h�►eby roquost�d that copies of the notica of defaull and sale bo�ent to each person who li a party -
<br />- har�to.�t the addross of aach such aetson.se set forth herofn. - --
<br /> 11.Powa ot SaN.It the Lsnder invoks�the power of aele,the Truatee ah+ll fint record In the offlce of the replater of deeda af asch caunty - -
<br />� whereln tM trust propsrtyr or�om�pvt or pxcel thareof fa�Ituated s ratica of default contalning the Informetion requlred by few.Ths Tru�tee
<br /> �� � e shdl alao mail copl��oi tM notfce of def�utt to the Borrower,to aech penon who 1�a perty hereto,and to other persons �� prescribed by
<br />: �ppllcabl� law. Not I�ss than one month�ftar th� Truste�rocords th�notks of dsf�ult,or two months If the tru�t prop�rty li not In my -
<br />__; Y:;.,,�,;.., Incorpnnted clty or vlll���uxl I�u�sd In f�rminp opentlons cerrled on by the trwtor,the Truates shall plve publlc natice of�ale to tM penons
<br /> s„�:.y„�„�,: �nd In th�m�nmr prsacrlbed bY�apppllabls I�w.7rustee, wlthaut demmd on Borrower,shall sell the property�t puWla auatlon to the hlqhsst
<br />�4� , ,..� bldder. If requlred by ths F�rm Hame�teed Proteatlon Aat, Trustee�hall oNer the property In two seperete�eles ea requlred by appllc�bls law.
<br /> • • Tru�t�e may postpona sak of�II or any paresl of the proparcy by publlc snnouncement et the tlme end place of�ny prsvlously�cl»dulsd ule.
<br />_1�`,j,�:.�' Lender or Its d�slpn��m�y purchsse tM prop�rty at�ny�ale.
<br />""'��'���+��� Upon racNpt of paYm�nt ot th�pric�bld,Tru�t���hall d�live to th�purchatK Tru�tse'�de�d conveyinp th�prop�rty.The rocltld�cantaln�d tn
<br />�""'."'"' Trwtw'�di�d shell 6s prlm�f�cl��vldlmcs of tM truth of ths et�t�ments tontalned tMreln.Truttes�hstl �pply ths proce�d�of ths s�ls In ths
<br /> .-�f;���� folbwlnp ader: l�1 to all exp�nss� of the sale, Includlnp, but not Ymitb to, rs�sonebk Trwtee'� fee�, n�sornbte �ttornsy'� f�es �nd
<br /> rr°�•Y � nfnK�tsrtwnt fen:Ib)to�II wm�sscured by thl�deed of trott,md(cl the b�lsnce,If sny,to the persans lepoly�ntltl�d to rocelw It.
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<br /> m,r.t�r',:�� 13•Fonctosw�•At Under's optlon,thU d��d of tru�t may b� forocloa�d in ths m�n�er provlds by appllcabl�law for fonclosure of mortQ�pes
<br /> ---_, ,� on n�l prnpwty.
<br />_�- A' 14.k�o�otlon. Lender may enter the property to Inspect It If Lender ylvea Borrower notice beforohand. The notice must�t�te the re�aonabte
<br /> =�.^�� cauts for Lsnder'e Inapactlo�.
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<br />_.-,,,,.�� 16.Cond�nxwtlon.Borrowsr u�lens to Lendsr the proceedc ot�ny sw�rd or clalm fo►dameyee connected wtth�condemn�tion or other t�kinp
<br />—_•�i•-�g" of dl or my part of tM property.Such proceede will be applled et prov�ded In Cov�nent 1.This atsfynmsnt I�subJeot to the terma of�ny prlor
<br /> --;,,�t,,,a securlty aynement.
<br /> R-��=="��� 16.Wdwr.By exercfsinfl eny romedy available to Lender, Lender doee not plve up eny rlphte to Iater use any other remedy. By not exsrcl�inp
<br />"" `� any remedy upon Borrower'e default,Lender doea�wt wetve any rlyht to Ister eonslder the event a defeult if It heppena epaln.
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<br />_^�'��-e�- 77. Jotnt�nd S�vMal LI�bNilv; Cu•sIp»n; Suec�sson �nd A��fyns Lound. AA dutlet under thls deed of tru�t ero jolnt and �sv�ral. Any
<br /> �'—"'�}y�,�' Borrow�r who co-a1Qns thls dad of trutt but does not co•sipn the undwIyiny debt InstrumeM(�) does to only to prant and convsy that _
<br /> Borrower'�Interest in the property to tM Trustee under the termt ot thb deed of uust.In addltfon,such a Borrower eprees that tM Lender�nd
<br /> "`». - any other Borrower under thla deed of trust moy extend, modifv or make any other chanyes in the terms of thb deed of trust or the securod =-
<br />���::.;.�. debt wlthout that gorrower'e consent and wlthout releaafng that$ovower from the term�of thia deed of tru�t
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<br /> ���u-•.� � TM dutlss and ben�fita of thfa deed of truat shell bind end benefit the auecossora and aeslgnt of lender end Borrower. _
<br /> ''s�`��" 16.Notic�.Unleis otherwise requlred by law,a�y notice to Borrower shUl be rven b d�Iivedn it or by mallin It b certified mail sddrosseA to "`
<br />�}°."..._. , 0� Y 0 9 Y .
<br /> � � _t�� ' � Borrower et the property addrers or sny other eddresa that Borrower h�s plven to Lender. Borrower wlll fllve any notice to Lendor by certffied �':�
<br />`�.. '�'x:, mall to LendeYt edtlreas on pape t of thla deed of truat,or to any other addresa whlch Lender hes dealpnated. Any other notice to Lender ehall -=
<br /> • bs�ent to LendePa�ddroaa a��tated on pepe 1 of thfs deed of trunt. �
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<br /> -' ' Any notice�hall be deemed to havo been piven to Borrower or Lender when qven In the manner steted ebove.
<br /> 19.Tramt�r o�tM Prop�rty ot a B�n�flcl�Int�nat In th�Borcow�r. If dl or eny part of the property or any Interost In It Is sold or transferred
<br /> s wlthout Lender'e prlor wrltten consent, Lender may demand Immediate peyment of the eecured tlebt. Lender mey elso demand Immediete ��
<br /> payment If the Borrower la not e netural person and e beneficlel Interest In the Borrower Is aold or trantferred. Fiowever, Lender may not -.-
<br /> - demand peyment In the ebove eftuetiona It It fe prohlblted by federal law as of the dete of thfa deed of truat. ._
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<br /> 20.R�eonv�y�nc�.When the obllpation secured by thli deed of trust has been pald, and Lender has no further obllpation to make edvances
<br /> w under the Instruments or aareements secured by this deed of truat, the T�uttee ahatl,upon written request by the Lender,reconvey the trust
<br /> - p►operty.The Lender shall uetiver to the Borrower,or to Borrower's Ruccessor in Inte�eat, the truet deed and the note or other ovidence ot the
<br /> . ^�,,,�,r.• obl(qatlon eo satlsfled.Borrower ahall pey any recordatlon aosts.
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<br /> �i. 5ucc��sw trust�e. iender, et i.endere option, meY remove iruetac+end�ppoine a eucceseor zrusiee oy iiret, meiiing a eopy ot iAe -
<br /> � eubetitution of trustee ea requirad by eppllceble law,end then,by fllinp the eubathutlon of truetee for record In tlie office of the regfster of daeds
<br /> of each county In whlch the truat property,or eome part thereof,la siiwted.The succeasor trustee, without conveyance of the property.ahall
<br /> " succeed to all the pnwer,dutfes,authorlty and title of the Trustee named In the deed of Vust and of any successor trustae.
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<br /> t BANKERS SYSTEMS,INC.,ST.CLOUD,MN 68301 It•E00397•2341)FOAM OCP•MT6NE 8/19181
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