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<br /> �;.:..,�s '.'��t� COVENANT� C�l+�r ���T�
<br /> . `� 1. P�Ymw1t�. Borrow�r ��n�o to mak� �II p�yment� on ths sacund d�bt w��n due. Unl�s� Borrow�i �nd�G nd�r �p ot i, ny
<br /> `' p�ymant� Lsnd�r ncalvn irom Bor►ow�r or far Bo►row�r'�6�n�11t wlll 6�appI sd flr�t to any �mount�Borraw�r owu on th� ncund d�bt
<br />_ �,,� �xclusiw af Int�ntt or ptinclp�l,��co�Kl to Int�rat �nd th�n to princlpal.If p�rtl�l prep�yment of th�tecured d�bt occw�for�n►r ri�son,It wfll _
<br /> .� not nduc�or�xcu���ny scMduNd p�(Im�nt untp t�ucun0 d�bt I�pNd In iull.
<br /> `' 2.C1rm�AwMNt Tlq�.Bo�towN WIM p�y�1)t�xM, atw�a�Mnta,and otMr ah�rpu�tt�lbut�bl�to th�prop�rry wMn dw�nd wM dsfmd tltN
<br /> • ' to th�proD�►tv�9�In�t�ny'G�irtu wh�h would Im(►ak th�Ii�►if thl�dNd af trutt.Und�r m�y nquk�8orrowN to�ss19n�ny rtpht�, c�lm�a
<br /> d�}�nt��wF�ch Rorrowu m�y h�v�apdmt p�rtto�wha tuppty la6ar o►m�terlal�to Improw or m�lnt�ln tIH prop�rty.
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<br /> * ].ku��na�. 6arow�r wlll k��p tM propnty imur�d undu t�►m�acc�ptabb to L�rni�r�t Borrow�r's�xp�n�e md for L�nd�►'�b�Mlit. All
<br /> inturanc�pollcl��th�il Inciud���tand+�rd mortp�p�clw��In f�vor of L�nd�r.Lmd�r wlil h�mm�d a�(o��p�ya or��tM Imur�d on �ny such
<br /> Iniurenao polioy.Any inawanca procoad�may[w appilod, wfthin Lcndar'c discrutlon,to olthnr tho foetoretlon ar reyelr of the demeped Me�snny
<br />- F. or to th�wcwM d�bt.If Lwnd��nquk��morty�imunnc�,Borrowa apn�t to m�lntdn tuoh Intur�nc�for��lunp as L�ndn r�qulr��.
<br /> '."�� 4.Prop�rty.Borrow�r wlll kwp th�proparry In pood condition�nd m�ke ell rep�lrs na:onably n�c�s��ry.
<br /> I 6.Ezp�ma�.Borrower�pren to p�y�II Lendsr'i�xp�n�s� Inotudinp renonabls�ttornsyi'(�ot,If Borrow�r bnak�eny coven�nt�In tN�d�td
<br /> _� of tru�t or In�ny obllpation nciv�d by thi�d��d of trua.�orrowa wiil p�y th�s��mou�t�tu Und�r��provid�d in Cov�mnt 9 of thfa d�sd of
<br />.�, trutt.
<br /> � � 8.Prior S�eurttv IntK��t�. Unleu Borrowsr flnt obt�int Lende's written consent, Borrowsr wfll not m�ke or psrmit any ehtnpee to emr prlor
<br /> - aecurity intere�t�. Borrower wlll perforrn all of Borrower'e obl�p�tlona under any prior mortqape, deed of truat or other aecurity�flreement,
<br /> Includlnp Sorcower'�covenants to make payment�when due.
<br /> 7.A�of H�nb�►d Protib. Borrower anip�s to Lender th�rsnta and profits of th�propsrty.Unl�ss BotrowK�nd lendar h�w�pn�d
<br /> othe►w�e in wrldnp, Bottower m�y collsot end retaln tha rents a�lony �s Borrowar la not in default. If Borrowa def�uite,Lsrider, Under's
<br />=- eysnt, or a court eppointed reeeivsr m�y teke poesenlon and m�n�ya the property snd colieot the rent�. Any rents lender calMcts�hstl be
<br /> 1 epplied firat to the costa of maneglnp the property, Inoludiny coun coate end attorneya' fees, cnmmia�lons to �ental�0enta, and eny other
<br />;'�,; �{,r , neceuary related expenses.Ths romalning emount of rents wlll then apply to p�yment�on the eacured deht as providad in Covernant 1.
<br /> :;'a:;:; ' � 8.L�as�l►oldsf CondoeYNum�t Plrxwd Unh D�wlopmmts.Borrowar apn�a to aomply with the provisiont of any tat�N this d��d of trurt is on
<br />'ri;';;::�r;�•�:� a N�Reholcl. Ii thia dMd af truRt f�on a unit In�condomtntum a�plmn�d unit divdopm�nt, Borrow�t wlil pe►tom�dl of Bor�owea'�dutNs
<br />^- `'�` undK the covm�nU,by-I�wt,a rpul�ti�m ot tM conrMminium or ptann�d unit dsvelopmeM.
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<br /> '�� �°����4 •• 8.Autbodty oi L�tbK to ►Ktonn ta 6ortowo.If BorrowK f�ib mpe rform any of Borrowet's dutiss und�r thia deed of Vust,LsnMr m�y
<br />-a<.,�,��(,;;•� ' ' psrform th�dutiss or oaus�th�m to b�p�r(orm�d. Lendsr m�y slpn Bortawsr'�mme or p�y�ny amount if n�cest�ry for pMo►mmc�.lf any
<br /> ''`�l' construat(on on tMprop�rty Ia ditcontinu�d or not e�rtl�d on in a rs�sonabls mannar,Lender may do wh�tev�r is rncsst�ry to protect lender's
<br />�%'�. `"� � s�eurity intsatt In tfw prop�rty.Thir may Includ�compbtinp th�construotion.
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<br />�'�```���i?�.r Landar'm 4ailuro to p�rtorm will not precluds Lsnder from�xercl�tny any of its other r(phts under the law or this deed of Vuat.
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<br /> , . .� � Any amounts pNd by Landar to prot�at Lendsr't seeurity int�rsst will be s�cured by this de�A of trust.8uch amounts will be due or�Mmsnd
<br /> _,.�:, �nd will b��r int�r��t irom th�d�t�of tM p�ymerrc until psid in fuli at th�int�rsst rats in eH�ct o�the securod d�bt.
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<br />- . , •.,; 10. Wt�ult �rW AecN�ratia�. If Borrower fdl�to molco any payment when due or breaks any covamnts under thts deed of vust a any
<br /> �� ?�.�;� obliQ�tbn s�cursd by thla d�sd of uust or any aEor monpaqe a deed of w�t, LerxJer me�y accelerate the meturity of the securad �Nbt �nd
<br />�"'J d�mand Immedi�t�p�yment md may Invnke tfie yo+�ver a?�aa�e and enb other remedies permitted by applicabts I�w.
<br />_a,{�:f 4fr .
<br />��.y„1,JL•;` , 11.R�qu��t ta Notla�ot O�fwit. It Is F�nby nquested thtt eopl�s o4 th�notic�s ot detauh end enle b�sent to aach penon who ii�party
<br /> M!MM,�L tIM!_M�I!�H 9f 9�C�RIH:I1�111tINflr�t ut fnrth hnreln.
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<br /> ���r � 12.Pow�r ot 8W.li the l.�nd�r Invokes the power ot eoie,ths Trustes shall flra record In the office of ths rsplater of deed�01 e�ah county
<br /> -- �?� wMraln the uuat properry or sams part or parcel theroof is tituatsd a notics ot d�fauit cont�inirq the informatbn required by lew.lh�Truatw
<br /> - �`vas:��, shall slio mail copN� of tM notics of d�twft to the Borrow�r, to sach person who is a pety heroto, and to other p�rsont ee praec&ed by
<br />��,,t{��. �ppliabte iew. Not hss thin orh month aftsr th� Trutt��ncord� ths nodc�of d�f�ult,or two montht if th�trust prop�rty lt not In any
<br />�..�.,�.,,,;;,, inaarpormd aity w vtllap� md I�us�d in tarminp op�atbns carri�d on by th�trusta,tM Trust�s sh�ll yiv�publto notic�of�Ne to the arsons
<br />�.,,�.,,,�f.� ar►d in th�m�nrwr pnsaib�d by�pppliwbN law.Tru�tN, wkhout d�m�r►d on Borrower,�hsll sall the prop�►ty at publio auctlon to tts�hi0tn�t
<br />"�,z.»►.�.a bidd�r.If��qukwl by tM Fxm hlom��t�ad Rot�oUon Aat, Trustu�hall oft�r tM prop�rty In two sepante salea�t requind by appliaibb law.
<br /> -- -- Trustw may postpons nb of aN w any parcal of the property by pubtto announcement at the dm�and pi�ce of�ny prevloudy scheduNd sN�.
<br /> ---- L�nd�r a ka deslpr�m�y purohn�tM p►op�rty�t�ny snl�.
<br /> Upon r�{�t oi p�rn�nt of th�p►Ic�b{d.TruatN shall d�liv�r to tM putchasn Ttust��'�dud conv�yln0 th�propsrty.Ths nchi�l�eont�r►�d in
<br /> —:-= TrustN's dM4 sha�l b�prim�facN�vidi�nn of tM t►uth of tM stat�m�nts contdn�d tMnin.Trwt��shdl apply th�proc��dt of tM s�N(n th�
<br />����r_�. tolbwkp ord�r: (�) to �II �xp�ns�� of tM ��N, inchiding, but not Ifmttsd to, ro�eonabN TtuttN's iNS, raaton�bl� �ttan�W� f� md
<br />—______. nM�tat�M f�sr,(b)to aN eumt saw�d Dy tt�dNd of trutt,and(o)tM bd+�na,If any,w the p�rsom Np�Uy entkbd to ncefw h.
<br /> 13.Fonelown.At L�nd�r't opUon,thls dNd of trust may b�fonclos�d in tM ms�rnr prov(ds Dy sppilcabt�I�w fa fonclotur�of matpapn
<br /> , on nN propwty.
<br /> 14.q�yq� L�nd�r may�nte tfw{xoperty to in:pect (t if Lender pivas Bonower notice beforehand.Tho notic�mutt st�ts tM reuonabl�
<br /> - cwn for L�rMir's Inspeation.
<br /> --- 16.Cab�nwwlion.BonowN asil ns to Lendsr tMp oc�eds o}any award a clNm for dam�y�s connectsd with�cond�mnation a othlr takkp
<br /> • of all a�ny pxt of tM propety.�uch proc��dt wfll b��ppibd��provid�d in Cov�m�t 1.This aaipnm�nt h�ubHat to tM t�rmo of My pior
<br /> ucixky aprMm�nt.
<br /> � 1a.Wrwr.By sx�rcisinp any nmsdY avaUabt�co L�nder.Lender dws not pive up any�iphu w lat�r ua any other remedy.By rat exwcisirp
<br /> -� any rsmsdy upon Hatows►'�dsUult.Lend�r doet not watve eny ripht to Ieter consider ths went a detauk if it h�ppens ap�in.
<br /> ---.-._.--.r�.— . 17,Jokrt�nd awKN lJ�bitrs Co-itp»n; Suec�s�on and Ass{yne Bow�d. All duties under this deed of tru�t as�tnt and tev+�rY. Any
<br /> Bortow�r who co-tfpns thlt dNd of trust but does not co•tiyn ti�.�undKl np d�bt inswmenttal doet so only to pr�nt�nd conwy tMt
<br /> Bonovwr'�IMU�at In tM popNty to tM TrustN und�r the terms ot this d�oT dust.In addition,sueh a Borrow�r iprNt tfiat tM L�nd�r and
<br /> ,f. -- Niy othK Bortovwr undN ttds M�d oi tru�t m�y�xt�nd, modifv a m�k�any othsr ch�np�s D�th�brma ut this tlaed of twt or the wcured
<br /> d�bt without that Borrowar'�con�ent ar►d wfthout roNatnp that Bonowsr trom ths tsrms ot this dead of vust.
<br /> __--- TM duW��nd bsn�tit�of tM�desd of trust sh�ll Wnd�nd beneflt the succeesoro�nd assipns of Lenda��nd Borrower.
<br /> ^��,r,. � 1�.Node�.Uni�ss otMrwis�r�quk�d by taw,anY n� otla tu Borrow�r sh�li M pfwn by de�iwrinp k or by mait(np it by csrNfl�d mail iddnatd to
<br />�_ ..,_,� � BonowK at tM pr�addnu o��ny othsr Hwna th�t BorrowK hes piven to Under.Borrovwr will pive my notia to L�nder Dy a�tifi�d
<br />_ , _ � m�il to L�nd�►'s �ss on pap�t of this dssd of Vwt or to any other addna which L�nde has dealpmtad.Any othe noUc� to Lerdu sMll
<br /> ±y� b�s�r►t to LK�r's�ddnss u st�t�d on p�p�1 of tNt deed ot truK.
<br />���s._'"s.'...�.� .
<br />_ .};���.��;�:j���' ' Any noUa sh�ll M de�mod w h�w beon yiwn to Bonowsr or Lendn wMn ptwn in tM manner at�tsd�bove.
<br />-�U)�.,.: r�..�.
<br /> �'��li;�'::.:,°..'7,:, 1�.Ynrribr of tM haMrty or a BarNftet�Inhnst tn th�Barowe.If ati or eny part of the props�t�r or my interost in k is aold a tr+nsfarred
<br /> -�.'� � ' wRhout L ndor'a prior written corsseM, lendor may demand Emmediate payment of Mo secured detit. Lendor may also derttand immediero
<br /> • tl yme�i�tM Borrow�► is not a naturalpe non and a beneficlai interest tn the Bonower ib solC or tr�nahrced. However, Lender m�y rat
<br /> p yment in the above dtuations if R is prohibked by federal I�w as of the date of thla deed of trust.
<br />�: 20.R�ea�wy�nes.WMn the oWiystion secured by tM�d�ed of vust has been pdd,and Lender has no funher oblipadon to m�ke rdvances
<br /> - � under tM insVUmmu or aproem�nri sscured by thla deed of trust,the T►u�tee shall, upon writtsn request bv Ms Lende�,reconv�y the tnnt
<br /> _� ':� pro .Th�Lende►shdl deliver to the Borrower, or to Borrower'e successor In Intereat,the trust dsed and the note or otMr evidencs of the
<br /> obi atbn so atistbd.Bonownr:hall psy any recordatbn costs.
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<br /> _._�-°; � Yl. Succiasar Trwtw. LenAer, at L�ncfer's aptlo�, may romow 7rustes ux] appoint �succeasor truttea by first, maiiinp a copr of the
<br />= ' "� substitutbn of trust�s�:rapulrsd by applicabls I�w,and thsn,by tillnp ths sub�titution of uustae tor rocord i�tM oNica of tM rophter of dNda
<br /> - ��""f'�� of sach eounty in whfch tM trutt prop�rty,or eome ptvt ttwreof.It sitwted.The succesaor trustee,without conveyanc�of the properry, aMll
<br /> succe�d to all ths power,dutiss,euthority md title of the Truttee named in the de�d of trust snd of any succetcor trustee.
<br /> Ipap►2 0!?1
<br /> OAHKERS SYSTEMS.1NC..6T.CIOM,MN 66301 I t�00.�97•13�71 FOqM OCRMT(}Nf l/19l9t
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