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<br /> COYENANT/ �'r... ��JpG7�1 �,�-�-.
<br /> 1. P�ynwnt�. Borrower epreea to make all payment� on the securod debt when due. Unless Borrov�sr and L�nder �pn� otlNrwls�, �ny -� ���-:-�,._
<br /> � ,..-;,rn.,a�r�
<br /> paymente Lander receive:from Borrower or for Borrower'� benefit tivfil be sppllad 8r�t to �ny �mount� Borrow�r ow�� on th� �1cur�d d�bt .�--,
<br /> sxctusws ot�,nssess a prtnch�t��Qond to Intsre�t,and tFwn to principsl.If partlal pnp�ymmt af th��ecur�d drbt oocue�fnr�ny��non,It will , _.
<br /> � nat nduoe a�xaw��eny tchedutld ayment until the tocund dabt I�pald In fulL ��'�•" _
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<br /> 2.Cuims Aprr►it l�itl�. Bo►rowx• �I pey all texee,at�enmentc, and othor aherpea attributeble to the property when due�nd will defend title ' . �-
<br /> �to thd property e�gain�t'any clelms Ich would Impair the Ilen ot thle deed of trust.Lender may requlre Borrower to aFdpn any rlphtn,clalms or • �.�--.
<br /> detensea whlch 6orrower may hnve egainst pertles who supply labor or materlais to improve or mefntain the property. •
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<br /> 3.Inwr�ne�. Borrower will keep tha property in:ured under terms aeceptable to Lender at Borrowar'�expen�e and for Lende'�b�n�tit. Atl ��;�;,51:3_-
<br /> .. insurance poilcler shall inciude a otnndard mortgape ciause In favor of Lender.Lender wili be nemed es losa payee or s�the Insured on eny�uch
<br /> • fnturance po�icy. Any i�sure�ce proceeda may be applied,within Londor't discrotlon,to eithar tho rostoration or ropnir of tho damapod proporty ,.,;,
<br /> � or to the aecured debt.If Lender requlres mortqape Insurance, Borrower apreea to maintaln euch fnauronce for aa lonp s�Lender requlres. --_=
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<br /> 4.Prop�rty.Borrower will kAep the property In gaod conditlon and make ail repairs roeaonabiy neceasary. � _��'�"��:
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<br /> 6,�xp�nt�s.Borrower aprees to pay all Lender's expenses,includfnp reasonable attomeys'fees, ii Borrower hreake any covenente in thi�deed �U�±^?!�'_
<br /> ,. .»- � 'x of trust or fn any obligatlan secured by this deed of trust.Borrower wiil pay these amounts to Lender an provided In Covenant 9 of this deed of -;�.
<br /> trust. '�'�'�k" _
<br /> ""A:i.ltlr,titi:=��.
<br /> � 8.P►la 3�aurity Inte�su.Unleas Borrower first obtalns Lender's written consent, Borrower wi19 not make or permit any changes to any prior �"�_,:�,,f��__
<br /> eecurity Interotts. Borrower wlll peAorm all of BorroweYt obligatians under any prior mongsge, dead of trust or other security egreemenL ^ � -,
<br /> Includinp Borrowor's covenants to m�ke peyment�when due. '..-Y='�=�=---
<br /> 7.As�i t of R�nts md Pro}fU.Borrower easipna to Lender the rents and profita of tha property.Unlass Borrower and Lender have apreed =
<br /> otherw ae in wrltlnp, Borrower mey coliect and rotain the rente as lony as Borrower fa not in default. If Borrower defaults, Lender, Lender's __
<br /> agent,or s court appointed receivor may take poaaession and manege the property and collect the rents.Any rents Lender cotlects shail ba __
<br /> � epplled first to the coatt of ineneping the property,Including court coatt and attomeys' fees, commissfona to rental apente, and nny other -
<br /> " neces�ery releted expense:.The romdniny amount of rents wfll then eppiy to payments on the secured debt as provided In Covenent t.
<br /> z�• 8.La��holdr Ca�don�iniumr,PlaruNd Unk DwNopmmU.Borrower a{�roec to comply with the provisions of any lease If this dned of trust is on ��._
<br /> a leasohold.I�thls desd ot truat Is on a unit in e conduminlum or a p enned unh development, 8orrower wili perfarm a�l of 8orrower's dutieo �:-_—
<br /> under the covenante,byiaws,or reyulatlana of the condominfum or plenned unit development. —==
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<br /> �'�� 8.Authority of L�nd�� to P�►form tor Borrow�r. If Borrower fa8a to_perform any of Borrower'a dutiet under thia deed of trutt,Lender m�y _,-_
<br /> perform the duties or cause them to be performsd.Lender may eipn eorrower's neme or pay any amount If necesaery for perform�nce.If any �"°; _�_�
<br /> , k' security Intereit in lhe prop�ertytlThls�may Include completinp the conetrucbl�e�mennar,Lender may do whetever is necesaery to protect Lender's :..__ _
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<br /> � f.'. Lender'�falluro to perform wlll not preciude l.ender fram exercising any of Its other rights under the law or thls deed of truat. ,��'-=-----
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<br /> ' . Any amounts paid by Lender to protect Lender's security interest wlll be aecured by this deed of truat. Such amounts will be due on demand -,_
<br /> and wlil bear Interoat from the date of ths payment until pald in 1u11 at the Intereat rato in eNect on the secured debt. �+-
<br /> 10. C�f�Wt and Aecd�r�tlon. If Borrower falla to make any payment when dae or breaks any covenants under this doed of trust or any '��
<br /> � obligatlon secured by thl�deed of truat or eny prior mortgege or deed of tru+.t, LenAer may accelsrate the maturity of the oecured dabt and
<br />-� ' ' demand Immedlate paymant and may invoku the power of aele and eny other remedlos permttted by appliaable lew.
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<br /> ,�;� 11, R�qu�at ta Notk�o}D�hdt.It is hereby requested that coplec of the noticea of default and sale be sent to eech peraon who is a parry �
<br />- - - -- ... h�srata,ai ihs at33rs::a!asah such ptrson.Ss s9t}orth�!e�if. -
<br /> ` 12.Pow�r of SaN.It the Lender Invoket the power of sale, the Truntee ehall firet record in the offica of tha register of deeda of e�ch county
<br />'. � whereln the trust properry or aome part or paresl thereof I�dtuated e notice of default contalning the Information requind by I�w.The Trust�e -�
<br />- ' shali�I�o m�ll cople�of the notice ot defsult to the Borrower,to eaoh percon who ii e p�rty hereto,and to other persorn u preacribed by
<br /> eppllcabls law. Not les�than on�month after the Trustee rscorda the notice of default or two months If the trutt properry Is not In any
<br />- incorporated city or vfllape and Is ussd fn ferminy operstion4 carriod on by the trustor,the frustee ah�ll pive public notice of sab to ths personc
<br />�"+•''�•• ?�' �nd in the m�nner prsscdbed bV appplicable law.Truntee,without demand on Borrower, ahNl seil the propsrty at publlo auction to the hlphe�t
<br />- bidder.If required by the Perm Homestead Protsction Act,Truetee�hall offer the property In two neparate eale�es requlred by applieabie law,
<br /> _��� ' �� Tru�t��may postpan�sd�of dl or any parcel of the prop�rty by public announcsment at the tima and pl�cs of�ny pnvbu�ly toh�dul�d saN.
<br />--r`,. _.,:�,r L��r or it�d�slynN mW Pwchia th�propsrty�t my�ds.
<br /> `�r«'� ,������y Upon nc�ipt ot pi�rm�nt of th�pric�bid,Truste�sh�ll d�liwr to the purchu�r Trustes'�d�M convsyinp th�property.The nciti�l�contaln�d In
<br />--• _ ,,,+.. Trustu'�tlNd sh�I be prlma f�cie ovidlsnce ot ths truth of the statemente contafned thereln,Truatee�fi�il�pply the proce�ds of tM�al�In tM
<br /> j;�„`'; . . follov►lny ordv: (�) to tll expsna� of the ��le, includinp, but not limitsd to, re�tonsbN Truat�s's f�a, r�asombl� �ttaney'� fe�� and
<br />.r:, . nirut�t�m�nt f��s;lb)to ell wm�secured by thi�de�d of truat,�nd(c)th�bUance,If�ny,to tha p�rsons I�pally�ntftl�d to naiv�It.
<br /> 13.Fa�do«x�.At Lond�r'�option,thi�d��d of truit m�y be foroclosed in ths m�nner provide by�pplicable law for ta�closur� uf monpapn
<br /> ��erc.��„�,��` on roN proprrty.
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<br /> J�?,7�- �� 14.� L�nd�r may enter the proparty to Impect It if Lendor pives Borrowsr notice beforehsnd. The notice must st�t�tM reaior.able
<br /> -=�`at;,,x,��:` causs of r L�ndsr's In�pectlon.
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<br /> -"�t�+:r.°; 16,Cq�d�tlon.Borrower etsiQnt to Landsr the proceeds of eny award or claim for damepea conneatsd with e condemnation or other taklnp
<br /> _;;, �;�C of dl a any p�rt of ths property.5uch proceede will be eppUed ac provided In Covsnant 1.7his a�slQnmont ia RubJ�ot to ths txm�of eny prbr
<br />��.......• �. �ecurity epreement.
<br />�F'R'`'°',•` � 16.W�iwr.By axercfsinp eny romedy waitabts to Lendsr,Lender doea not give up any rlghu to later ura sny other romedy.By not exercfslnp ___
<br /> _ ^,.,"'`�.'�� sny rsmady upon Borrower'�dsf�ult,Lander does not weive any rlpht to later conalder the event a default ff it heppene ap�in.
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<br /> _ ,_ 4._ ��, �� � g��r ���y Co•siprnrs; SuccHSa��nd Assi�ns Bou�d. All dutfes under this deod of trust ars Joint and ta�rd. Any
<br /> ��,�' Borrower who co•tiyns this deed of Vust but doe� not co•cfyn the underlyiny debt ineVumentis) does so only to prant md convey th�t _
<br />-_-�'.,�,�,., Borrowsr's Interost In the property to ths Truatee under tM terms ot this deea of trust.In addition,such a Borrower aproee th�t the Lender and =
<br /> - .�t ,,, any other Borrower under thit dsed of trust mey extend,modl�or meke any other chenpea in the terms af thls deed of truat or the eecured _
<br /> _,, �,,.,.�. , r debt without that F3orrower's consent end without releasinp that orrower from the terms of this deed ot truet. _
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<br />- `"'"'`���• . The duti�s�nd ben�fits of thit dssd of truat shall bind end beneftt the eucces�ors end e�aipns of Lender end Borrower. -
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<br />-- ' 18.Notic�.Unleas otherwlss roquired by law,any notice to Borrower shell be piven by delivednp it or by mallinp It by certifiad meii�ddre:aed to �=::
<br /> Borrowsr at the propertY�ddreas or any other eddreac thet Borrower has yiven to Lender.Borrower wlll pive any rrotice to Lender by certifled :�-
<br /> -'" mdl to Lendx's addrss�on pags 1 of thlc deed of trust,ar to any other addross which Lender hat detlpnited.Any other notice to Lender Rh�ll Ft_,
<br /> bs sant to Lsnder'��ddrots u stet�d on pegs 1 ot this daed of truat. -
<br /> = Any notice ehtlt bs deemed to hava been piven to Borrower or Londe�whan given in the manner at�ted sbove. --
<br /> 19.Tranat�r of tM Prop�rty a�B�tIdN IM�t�st in tM Borrowx. If ali or any pert of tha property or any Interest In it Is sold or transierred -
<br /> without Lender'• prlor written consont, Lender ma demand Immediate ayment of the socured debt. Lender me aiso demand Immediate '`";�'``
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<br /> p�ymsnt if ths 8orrower le not a natunt person end e bsneficfal Interest in the Borrower le eold or trans}erred. However,Lender mey not ,�._--.,_
<br /> demand paymsnt in the�bove sitwtlone if It i�prohibited by federel iaw u of the dste of thl�deed of trust. _ _
<br /> 20. R�eonv�y�nc�.When the obllyatfon secured by thfs deed of trust has been peid,and Lender han no further obllyatlon to make advances •�
<br /> under the inetrumente or egreements secured by thls deed of trust. the Trustee ehali,upon written request by the Lender, reconvey the trust ' �..�."r,"=
<br /> -� pro rty. The Lender shdl deliver to the Barrower,or to Borrower's successor In Interest,the trust deed end the note or other evidence ot the � '`
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<br /> ,.• obl getion so eetiefled. Borrower shell pey any rocordetlon coste. �
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<br /> 21. Suca�ssa TroitM. Lender, at Lender's optfon, meY remove Trustee and appoint a successor trusteo by flrst, maftinp a copy of the ' "
<br /> substitutfon of trustee ea required by applicabte law,end then,by flling the substitution of truatee for record In the oNfce of the register of deeds
<br /> ' of each county in which the trust property,or some part thereof,Is situated.The successor truatee,without conveyence of the property, shall
<br /> . succeed to all the power,duties,euthority end title of the Truetee named in the deed of truat end of any succaesor truetee.
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<br /> ' , � Ipege 2 017►
<br /> .. . � DANKEft3 SYSTEMS,INC.,ST.CLOUO.MN 68901 11��00�397�23A11 FQRM OCP MT�NE BliQf91
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