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. ...: . ._ _ _.. .__ <br /> `� , . . � :;'4;_�-����=-. "--.._. .._:_ <br /> r . ,,���.y.ty.._ .,ri; . ' .Lt. - , - �._.. <br /> .�:�.�. •�: . ��.,,..�.....,_._----- <br /> �.•aur <br /> ...,..K..'�3�}�`�!6'^..4.:,.:y - <br /> �n..1..�.. . . - <br />-_.�_:.„�.ryil �r�� <br />.-�..:�� :c`,."-�+ii►EiW►N+w ;�� . . �4'72.rs'1 <br /> �'{ E��n':' � :�Unl�s� Borrow�r and Lend�r r�na otMrwla�, �ny <br /> -'�` ,� 1. ��y�K�. Borrow�r �pnn to m�k��il pWmmu a tMi�i���t�t��ny�mounu Borrow�r�we�on the ucund dsEt <br /> ��ym�nt� l�ndei rer.dw�irom Elormwu or tor Botrowe.�l�f�. �y <br /> ��� axclu�lv�of fnt�nn a pr�nclpal,��cond ta inttn�t. Yi�d th�n to princlpdT.'R p� e1 pnP�Yment of ths secu�ed dobt accun to►�nY re�son,it wf <br /> '� not nduc�or�xeu��mV tch�duNd p�ymmt untd tM acur�d d�bt Is pald In tull. <br /> -�;`.`s t TMM.Borrower wlll paY all t�xn, �n�s�mem�,�nd oth�►chep�s�ttHbut�bl�to tM prop�rtV when dus and wlll dsfend titN <br />__„�,� Z.Clakrw AO�tn� <br /> to tM prop�rlY�q�in1t ony cldm�whlch would Imp�k tM Ii�n o}thl�d��d of t+uit.Und�r m�y nquln Bor►own to���ipn anY r�Ght�,c a m�or <br /> �� d�}�nR��whlcl�8orrown may h�v��O�In�t p�n���who suPP�V��b��o►m�tuld�to Im{xov�or mtlntaln tha prop�rtY• <br />�.��� <br /> �:�, � Inswenci�PollcBnrsh�ll Inctudi iitandird mo to��yi oliusi n tiro►01 L���alied,i��wdi1�1 la�nimidis�lois paYee o„tihe fniured o°inY�uch <br /> ' Intur�nc�pollcy.�ny uuw�nco{xoc�odt m�V Go o pllcd,wtthln I.eRdn�'e dleoretlon,to dther th�reatar�tion or repelr ot the demaped propertY L <br /> r..K'�`� � or to th�acund d�bt.If L�ndu nquk��mortp�y�Pnwr�nc�,Horrow�r�prut t0 maint�tn wch Inwra�a for as lony aa Lendor roqulros. <br /> ��:�.,.� 4.hopKtY.Borrower wiil kap th�propttty In pood condltlon�nd mak�all npalr�natonably n�ats�ry. <br /> �'�y 6,Exprnn�. Borrow�►syna to p�y all L�nd�r'��xp�nsa Includiny reuon�bis�ttornaye'fess,if florrower break�any cavenante In thia de�d <br /> ."-� ot trust w fn any oblbatlon tecurad by thls d�ed of trust.�orrower wlll p+�y the�e amounts to Lendar a�provided In Coven�nt 9 of thfs deed o} <br /> ,..� trutt. <br /> ' qcu�iiiySnte�irit�Bo�,ower�wi°pertoim au�ofteorrowir iob°ipAtfona urxlorinV�prlorr mortflape deed�of trust or�tother�security Breomentr _ <br /> �;�'�;�''r: Includiep Botrow�r's cownmts to m�ke poYmmt�wMn dw. <br />.;"1s t.N <br /> _:��,' 7.Ae of RMta�nd hoflts.Borrow�r uNpm to Und�r ths rentt and profits of th�property.Unlsa�Borrower and Lender heve�preed <br /> otMrw��In writlnp,Bo►row�r m�y coA�ct�nd t�t�In th�n�t�a� lonp as Borrowa Is not In d�fault.If Barrower defaulte,Lend�r, l�nd�r'� <br />=;,,;-� apmt.or� eourt sPDo��t�r�c�iv�t m�Y t�k�post�asbn�nd man�qe tM prop�rty�nd collect ths rents.Any rents Lender coitecta shNl be <br /> M�Isiuy rsland xpantesf Thi re►�ii�elNrp imount ut rent�will then�pply to piyments on the secured debt as prov ded fn�Covenan�tany otfi�r <br /> � B,����,��j h�sd UNt p�yNpprt�+�.Borrower�prees to comply with the provisians of any lease if thia desd of tru:t is on <br />_���� a N�eshotd. !{thb deed of t�uet Is on�unit In�condominlum or a plmn�d uolt diwlopmmt,Borrow�r will pe�form all of Borrower'�duties <br />;�,,,, under tM cown�nts,bylaws,or npul�Uarn of ths condominium or ptsnned unit devetoprnent. <br /> ��—;..:y� 9.Autladty o1 L��d�e to P�rlonn tw lo+row�►• If Borrow�r f�fls to��Mrtorm �ny of Borrower's dutiei und�r thfs daed of trust,Landar m�y <br />�•��;�;;�� perform the dutles or cause tMm to b�perform�d.Lsnder m�y sfpn 8orrowsr's oame or pvy any amount if nscasary tnr performancs.It any <br /> construcdon on the property is discontl�ed or not carrisd on lo e reason�ble m�nner,Lender may do whatever Is necese�ry to prot�ct Lender's <br />•-�� pcwity interon In th�prop�rty.This rtuy include compl�tinp th�consuuction. <br />=titli^- <br /> Lsnder's failun to perform wiii not prsclude Lsnder from ex�rcliln�any of it�otM►rfphts undsr the I�w or this dead of truat. <br />__,;,�:� Any�mounts D�td by U�der to protact Lendsr's s�curity Intsnst wlll be eecursd by this d�sd of trust.Such amounte will be due on demand <br /> _�� �nd will bsa�intx�st from ths dat�of tM p�ymeni undi piid In full at tM irt�re�t wt�in�N�ct on tM secured debt. <br /> -°'-�'i 1p, p�}wtt �nd Aecd�radoe. H Bo►rower fafit to mak�any payment whon due or bn�ks my covmants under thi� ds�d af trust a anY <br /> _+��� damand immea�diate piymintind may i voki the p�owar�ot aa,eind sny othsr remedtesp�rmitted by i�ppl��tble lavyurity ot the socured dsbt�nd <br /> •- - i��R�����fl{°}sa����w�on�ai aasttorth heresn copies of tIN notices of defwit�nd ple be sant to e�ch panon who is�PartY <br /> -��� 12,pow�r of SW.If th�Lender Invak�t the pow�r of��I�,th�Trust��sh�ll ftrat ncord in tM office of the�epister of deeds of each county <br />';i;�;'i�piy�l� whscefn the trust property or aome part o�paresl thereof is situat�d a notic�of d�fault cont�idnp�eto�and tot otheQupersons Iss Wescri�id�by <br /> chalf atso m�il copl�a of ths notice of dsf+ult to the Borrowar,to each p�rson who is s partY he is not in eny <br />�°,�::?� applieabH taw.Not lou then one month after the Trunee records tM notic�of default or two months if ths truat propertY <br /> - incorpowted city a viilape and la ucsd M�bb law Trustee withou tdsmind on BorrowsMih��ll s�e I M afop��r�ty Iat public�uc�ion to tM�A(yhest <br /> _ and in the mm�PretGiWd by_aPppucn <br /> �dnastii�m y po�tPc e�le of NI orr any pxceltottthe property by pubiic innouncsment at the ume i�d pli s�ot enYrp�isvioudy sehaduts�d s�ts. <br /> U�der a it�dealpnes may purchsss tM property at any ude. <br /> Upon receipt of paymant of tM ptice bid. Trustee sh�il deliver to the purchater Trustee's deed conveyin�th�prop�►ty.TM reclti�l�conUMsd In <br /> Trust��'s di�d shsll be prima f�cis evidience of the truth of tM stataments contoinad therein. Trustes th�ll�pply tM proceads of ths saN in th� <br /> folbwiry order: (�1 to all expense�oi tM ale, Inciudiny, but not Ilmit�d to, nasonahis Tructee's fees, reaxonable attorney's fses end <br /> ninsUt�ment fees;(b)to�II sums sscured by this dssd of trust,and(c!ths bd�ncs,if eny,to the pa�sons Isp�lly sntitled to rsceive(t. <br /> 1g,Foneb�un.At Lender's optbn,thls deed of trust mey be foreclased In the manner provide by eppltcable law fot forecbsure of mortpapss <br /> on re�i propertyr. <br /> 14,MqpKStloe.Lender m�y�ntsr lthe property to inspect it it 4.ender pives 8orrower notice betorehrnd.The notice must�tats tM reuonabl� <br /> '� c�use for Lender'a Inspectian. <br /> 1 B.Cond�mns8o�•Borrower asstans to LeMer theRroceeds of eny award or cldm for damsg ea connected wlth a condemmtion or other takinp <br /> ' of ell ot eny p�rt of the property�uch proceede will be eppiled as pruvided in Covenent i.This saaipnment(s subject to the terms ot�nY Prlot <br /> secwky apre�msnt. <br /> �g,WrvK.By exercisinp�ny nmedy�vailabi�to Lender,Lender doea not pive up�ny rights to later use any other remedy.By not exercisinp <br /> �ny ramedy upon Bonower's dsfault,lender does not wsive�ny�ight to latsr consfder tM svent a default if k happens apain. <br /> �7, ,�oN�t �nd S�yKr u�hpity� Co.�i�rr Suc��tsors and Ass10�s Qound•Ail dudes under ihii deed of vust are joint and eeverai. Any <br /> go►rowsr who casigns this desd of trust but does not co•aign the underivinp debt instrumentia)doss so only to prani and convey that <br /> Borcower's IMenst in tM propsrty to the Truatas under ths termf�rs of thls dsad of truat.In addition,such a Borrower ayrees that the Lender and <br /> debt wkhout thst Borrower s�conient irxl withouYt relei�s r�p th,t Borrow�e rkom ths termiof thts deed of tiust this deed of trust w the tecurad <br /> --- The duties+nd b�nefitt of this deed of tru�t shail bind and benetit the buaceasora and as8ipns ot Lender and Borrower. <br /> 18.Notle�.Unkss othe►wi�e required by lew,any notice to Bonower ahall be piven by dellverinp it or by maflinp tt by certified rnail addreased to <br /> Borraw�r et the property addresa or eny other eddress that Borrower hea piven to Lender.Borrower wilt pive any notice to Lender by certified <br /> "- - be�s nt to�Le rinder'�eud ess at stetedf on ip pe 1 of this d ed of tru6tther address whfch Lender hes deeipnated.Any other nottce to Lender shalt <br /> --. �,:� <br /> �r_,.�,m,� Any notice ahail be deemed to have been piven to 8orrower or Lender when given in the menner steted above. <br /> -`"""'�� 19.Tnnst+r of tfi�PropMy or�B�ftciY Int�r��t t�tM Borcow�r.If all or any part of ths proporty or any interost in it It sold or tnnsferred <br /> ".;+::�`�• without Lender's prla written consent, Lendsr mey demand Immediate payment ot tha secured debt. Lender mey ateo demmd immedhte <br />�'•�:"�"�� payment (f the Borrower is not a netural person and a beneflalal intereit in the Borrower ia sold or transferred. However, Lender may not <br />.��=-�•T�� demend paymerrt in the ebove situattons if it le prohlbited by federat law ae of tho dete of this deed af trust. <br />��r..;c:y,.._. . <br />++:,�._•,J:"�'- <br /> :r;�;:-1.: .i 20.R�eonwyancr.Whea the oblipatb��eeured by this desd of tru�t has been peid,and Lender has no furthor obligation to make advaneea <br /> _._,;�,:�,;: � under the imvuments or ayreementt secured by thts deed of trust, the Truetee ehall,upo�written requeat by the Lender,reconvey the iru�t _ <br />-'.�:�,;.:• • properqr. TM Lender chall deliver to the Borrower,or to Borrower's euccessor in Interost,tho trust deed end the note or other evidence of the <br /> ,� . • ;, obitp�tbn ao estisfied.Borrowet shall pay my rocordstion costs. <br />-.._- :-_--�"__ - ' ' ' - -"-----'. �.�...� �... ts..� ...ailiM a cnnv C}tlfe <br /> '=�'i {-�� Z�. $YCC�ffW TNitN. Lender, at Lendor's opt100, msy remove 1 NSIEe ena ap{nrmt a aw000e.n .. r -• • <br /> T.':,n substitutfon of bustee es requirod by eppllcable law,and then,by filing the aubstitution ot trustee for record in the office oi the►epiatei of deeda <br />..,r�M.,:..;;, ' ot each county in which the truat property,or nome part tMereof,is aftu�ted.The auccessor truatee,without conveyance of the property,shall = <br />- - ��•:.i , succeed to eli the power,dutios,authority snd title of the Trustee named in the deod of trust and of eny successor trustee. ' <br /> � .�i�;�+ <br /> '',y'- ..;t'p <br /> ' • `Y <br /> - }_ <br /> . ' ,i <br /> � , . 4,,. Ipey�?o/�1 <br /> .,.. z... <br />� ��• �4 ' EANKERS 6VSTFMS.INC..ST.ClOUD.MN 66�01 U-!OP]97d3N1 FOBM OCP�MT6NE 6118f91 _ <br />.,, pw<' . <br /> .✓ <br />. %��.: f �.� <br /> irR�•'a"'w"'. <br /> - -�.TT:..c�.,�•� ._... ..'._'_......,� <br /> __._,.__.-._....___ �- __� <br /> .. . . . .._, .. .... .. .. _ ..' _.__ <br /> . . . __'_._.__. . . .. .. <br /> ... . _� . . ___-.a�._........_,L . -. _._. <br />