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<br /> :'.�,:� g�_�U'r'�94 ����NTs
<br /> ��` '.�� 1. Peym�ntt. Borrow�r �pnu to m�Cu�rl_paymN'itaron tfr��icund d�bt when dw. Unlau Bo►rowar ind L�M�r aprN ath�►wlw, �ny
<br /> � ,,,� p�ym�nn L�ndar nc�iv��tro �pr(ow�r dr for Barrow�l s b�n�tit wlll b� app�ed tust co any�mow�ta Borrowar owa: cn thn aoaurod Q!Dt =
<br /> excluaive of intsrest ov princip I,t�Cork�te it►tlnst,�nA th�n to princip�l.If pund prepayment of tha recursd d�bt occuri for a�y naton,It wlll
<br /> .�n� not raduc�or�xcuss any tch ym�nt until ths�ecurod debt Is pald In full. a_
<br /> '� o th�poP�n�Viptai�n�t���y C��mt whtch w uld Impak 1M��n ot this de d of uuli lmderumayl nQulri Hurrowir t�ssl9�ry rqAt��cislmo�ta
<br /> '� det�n:n which Rarow�r m�y h�v�ap�irat p�nN�Who supply laba or mst�rial�to imp►aw or mafntaln 1M prop�rty. v
<br /> 3,k�r�nc�.Borrower wiil k��p tM prop�rty Iniund und�r t�rms acC�pt�bl�to LmG�r�t Borrow�r'��xp�nae�nd foi Lmdu'� b�n�fit. All
<br /> . �� in�urana polieNi ahill k�ck�d�a st�ndud moKOap�elw��In tavor of L�ncNr.UndM will M n�nNd u lo�s p�yN or�s tM Imurd on�ny wth
<br /> E 1 inwrinc�poNcy.Any In�unnce p►oa�da may 6e r Dli�d,within L�nder'� diacntlon,to sfther tM nttaation o►r�pak of tM d�mp�d p�op�tty �
<br /> a� or to tM secund debt.II Lo�dor r�qutr�:mortCap�Pns�lrance.Borrowe+epreea to r�elntain wch tnsunnn tor n lonp as lond�►nputrn. `
<br />-:, Y�j.��N •
<br /> 4.propKt-/.BorrowN will k��p ths prop�rty in pood conditlan a�d mak�all��pak�r�I�ton�ay Mc�1�ury.
<br /> —��� 6,Facp�s,Borrowet ayr�ss to pay all L�nd�r's�xp�nses,Includinp reason�Dq�ttan�yi'iea,if Borrow�r brsak�any cownantt In thls dNA
<br /> a��t or!n Lnp oblMtHon s�eured hy tMs dNd of tru�t.8orrowa tvill pay tMu amountt to G�nd�r�s p�ovldrd In Cov�n�nt 9 0}thl�d�d o}
<br /> ' ttutt.
<br /> . '�k� 6,prip8�aurit�r k�tK�at�.Unleaa Barrow�r first o6t�ins Undsr'�writt�n commt. Borrow�r will not mtk�or p�rrtdt any ch�nya to�ny prbr _
<br /> secu�ltY�nterests. Borrower wiil p��fam all of Borrowsr'�obliy�tbna under any prlor mortp�p�, daed ot trust or otMr security ayroerrNnt,
<br /> . Includinp Bortowsr't covena�U to m�ks paym�n!a whan du�.
<br /> ,. : ,: ,.y
<br /> � �,As�n o}q�nq�nd Proffu.Borrowar atsipns to Und�r th�nnts and profiu of tM propsrty.Unl�ss Borrow�r and Lendu hav�sp�Md
<br /> � olhavwits in writinp, Borrown m�y collect�nd ntain ths nnts ss bnp �s Barrowu fs not in default. If BortowN d�f�ult�, L�nd�r,L�nd�r'�
<br /> ayent,or s court appoint�d rsc�ivsr maY take possaradon and msnay�ths propsrty o�d coliact the rsnts. Any rents Lend�r colkct�sh�lt b�
<br /> . applied flrst to the cost�ot menapinp the propertY. (ncludinp court wsts and ettorneya'feet, commlubn�to rent�i�Qents,�nd +ny othar
<br /> � `r ,. necess�ry related expensea.The rem�tninp smount of rents wfll then�pply to p�yments on the sscured d�bt as provided in Cove�Mt 1.
<br /> '�•.�,i�•�_.:;,� s.L��ildr Condan�urt�s:PI�rMd Udt OwMopn��a.Bo►►owe►pr Ns to wmdV with tM provisbns of�ny Mas�!f thtt d��d of Vuat is on
<br /> " a k�s�hold.I#thi�ds�d ot tru�t is on a unit in�corxbminium a�W�n�sd udt d�wbqnsnt,BorrowK wGl p«fam all of Borrnw�r'a dutfa
<br /> ' �x ��:;::5 ,. � idar tho c�versr.te,by-�aws,a re�dstbns ot the condaminium or plmnsd u�it d�wbpmtnt.
<br /> �.i,- �� 9.Authatty of L«MMr to PM'totm for oonowK• If Borrower taila to pertorm+ny ot Bortowe's duties under tNs ds�!of trus4 Lot�►may
<br /> '����� p e►f o r m t h�d u t i e s o r c a w s t fi�m t o b�p e r f o r m s d•Le^de►m�Y tt pn eorrowsr't nsme ar pay+nY�mount(t nec�uary fa p�rtormuw�.If any
<br /> � ; � construction on the property is discontirwed or not carried on in a reaaons b le mmner,Le n der may d o w h a t e v a i s n e c a s n r y t o p r o t�a t L�n d�r'a
<br /> :.�__ . :ecurity interest in ths property.Thi�may include completinp the contuuction.
<br /> ` � Lender'e faiiure to pertnrcn will not preciude Lendu hom sxerc is irp any o f i t s o t h er r i qhts undar tM Isw or tt�i�dead of wst.
<br /> =';, . Any amountt paid by Lendsr to proteat Lende's security interest will be seeured by tfiis deed of trust.Such 0mounta wiil be due on dsm�nd
<br />`:'�N►�� and wi�be+r interost fnom the dste of the paYm�nt untii p�id in full at the intarest vate in stteat on tM secund cM41.
<br />!,%i4� 10. Ghutt and Accd�wtion. It Borrower fsii�to mska any psymerTt when due or bre�kys�ny cov�nanri undar thii de�d of trutt or any
<br /> -��i-• derr�iod immsdlati piyment end may invoke tFro p�ower of iile an�dr eny other ruem�d,eiperm�tted by appliciWi I�w��of the secuted debt�nd
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<br /> -rf�.
<br />=.�;j;';,`�, , . 11, qpwit ta Notic�of D�fxdt.R is hersby requested that copies ot tl+e noticos of default ond sale be aent ta esch psrson whu is a p�rty
<br />,,;�s'�`�!y' � hereto,�t ths addnss of each sueh pareon,as aet forth herofn.
<br /> �_;i�. 12. Pow�r oi S�N.It the Lsodor inwkes the power of sale,the Truetee shalt trst rocora in the oifiics oi ine rsoiaier'oi 3aa��ot a.cA r.cusstY
<br />=�;:,',,;��,,+;�'� whereln the trust pro=►orty ar some Drn or parcel theroof Is sltu�ted a notice of def�ult contalnlr�ths Information required by law.The Trustw
<br /> -- shap Wa m�il aoplea ot the notice of default to ths 8orrower,to eech persan who Is a party harsto,and to other penon� at acri6�d by
<br /> —_=�:� s not In any
<br /> appficebte I�w. Not lesn thsn ons month aftsr the Trustee rscords the notla ot d�fault or two month�If the trua pop�rty
<br /> __�,-�,� Incorporatad city or vlliape�nd Is ussd In farminp operaUom csrried on by the uustor,th�frustee shaN plve publlc noUc�of wt�to tM p�nan�
<br /> �nd in tl�e manner proacrif»d by�appplicable law.Truatee,without dem�nd on Bortower,�hall sell tM property at pubtla�uction to th�hl�Mst
<br /> — -- BWder.If nquirad by the Farm Hotrnstead Proteotion Act,Trustee shell oHsr the properlv In two separats s8es as rsquked by�ppllabls law.
<br /> l Lk►dw or tu dbsipnea miy purch si the�olpirty at eny sas y bY Publfo announCement af tM tlme and place of any pnviously tchaduNd saM.
<br /> Upon ucstpt of p��nent of tM prla Dld,Trusts�shall dslfver to ths purchsssr Trua�e's deed conv�ylnp tM property.TM racitl�coM�tnM in
<br /> Trustw's deed sh�ll be prima tscie�vfdl�nce of the truth of the ttatsments contained thenln.Trustee shall spply tM prxseds of tM uN M tM
<br /> rilnat�ent fs s��lbj to ilt su�mi iecured by thls de d1uof�t�rust,snd Icllthet balince,if any,t�o ths p�iisons�IapiHy intitlod to,sc�Nwyk tMS and
<br /> 1g, Fonclown.At Lsndv's option,thls deed of uust may be forsclo:ed In tM manner provld�by appllcabl�law fa forecbsuu of matpap�s
<br /> on re�l p►op�►ty.
<br /> — 14. ��yon Ler�r m�y ent�r tM propertY to inspect it If L�ndar ylves Borrower noUce betoreh�nd.TM notics must Kat�the reasonabN
<br /> ciussfor Lmder'a Insp�ctbn.
<br /> ' 16, Cq�tloe.Borrower��st qn�to Lender theprocesd�of any�ward or cltim for d�mapes�yrwct�d witfi s condemmtion a otM►t�klnp
<br /> oi�11 a�ny p�R of the property.Such proceeds w1II bs aPPIIed as provlded In Covenant 1.Th' pnm�r+t is aubJect to the terms ot any prla
<br /> �•���--� NCLNIIY iQfMTM1.
<br /> � 16. W�Iwt.By exercislnp sny remedY avaflabte to Le�der,Lender does not pIw up any rlphte to Ieter us�anY oihor remedy. By not exarcldnp
<br /> - • any remedy upoa Boaower'e defeult,lender does not waive any rlpht to later wnsider the svant a default if it happena apsin.
<br /> — ��. ,b�t�nd gw�N ��y Co.dprnrs; Succ�ssas �nd Aulyn� Sa�nd.All dutiei under this d�sd of trutt ars jolnt ard sevsnl. Any
<br /> Borrowsr who ca�Ipns this disd of trust but doe� not caslyn ths u�dsrMng debt InttrumaMls) dnes so only ta pnnt ab convey that
<br /> Bor�ower's Interest in tM propsrty to the Truat�e under the term}�s ot thls deed of trust.In addldon,such a 8onower agrees thst the Lend�r snd
<br /> ��� debt w�thout th t«8ourt�r s conseM ar duwlth�ouYt r�salny that Borrower from the termiof thli d dtoimt►u�.rnia desd of truat or tM acund
<br /> �--�—�-- The dutles end bsnefit�of thf�desd of bust shall bind and benefit the succeasors �nd anlpns of Lender snd Bonower.
<br /> --�"�'� 1B.Nofie�.Unlesc otherwiss requtred by law,any nctice to Borrower shall be plven by deAverinp It or by,maillnp it by certifbd mail addreusd to
<br /> -- — Bonowsr at ths pr address or any othsr addreas that Borrowsr h�s pfven co Lender. Borrower will e(ve any notics to I.end�r by c�rtifisd
<br /> =-'�y-_'� be isent to�lende►'e aU�ess sa sta ed on�p pe 1 of thls deed of Nuatther address which Lender has desfeoa!�d.Any other notice to Lender shall
<br />°;`�,�"� Any mtice shsft De d�emed to have been plven to Borrower or lsnder when pfven In the ma�ner stated shove.
<br /> ti �r�a
<br /> .; +'��`�,�'i.�', 19.Tnnshr of tlw PropNty a�B�ffo�al�nt�►tst In tM Borrow�r.If ell or ury part of the prooertY or any interest in(t is mold ot trans erce
<br /> .'`'�t�,.,..,�^ wis�r�ut LendK's prlor wrltten content. Lender may demmd Immedlate peyment of tM eecw�d d�bt. Lender may also dom�nd Immedlate
<br />.;�:t,-��.;�s• payment If the Borrower Is not a natural porso� nnd a beneflcla� interost In the Bonower b sotd or vansiened. However, Le�der msy not
<br /> �'"'�. . dem�nd peyment In the ebovs sftuatlons if it Is prohlbited by federnl law as of the date of th{s deed of trust.
<br />_-..:.}s.::.,;.,:
<br />���` �•-"'� , yp,p�conwyanN.When the oblipation secwed by thta deed of trust has been petd, end Lender hes no further oblipetion to msks advancss
<br /> v�x`""�'� urtder the IntVUments or egroements secured bY thia deed of trust,the Trustee ehall, upon written request by tM Londer, reconvey the truat
<br />" � property.TM Lender ehtll deliver to the Borrower,or to Borrower'a suceeasor I�Interost,tM trutt deed end tAe note or other evid�nee of the
<br />':�u�; f.. obl pi�tlon eo aottsfled.Borrower shall pay any recordetlon costs.
<br /> =`='�-��_ e. e.........,. T.�.*... �and�r. et Lender's optlon, may removs..Trustee �nd oppoiot s succsssor trustee by first, me8inp sa copy�ot�
<br /> •___,y.':-��� subsdtutlon of uuatee�s roqulred by eppqcable Iaw,ana men,o1r nunp me suosiiiuiion oi irosioo�vi�6�.��.;�a.:A a°��a�.:�•a�.,,.�.o....:....►
<br />' �� '� ;� iueceed to allihe pohweh tdutles8au�thot�y Gn�dr tltte of t�hrte Trustee nemedan�the deed of�wst and ofiny�succisiof trustea ot tfie property,sh�tl
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<br />� OANI(GS SYSTEMS.IHC•.ST.CLOUD.MN 66�01 I1J00-J97-I3�11 FORM OCP MT6NE E/19/91
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