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<br /> 1� T CQVENANTB 97�' �4'7°440 �
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<br /> � 1, hymMt�, Borrow�r �pn��to mak�d� p�Yrt►�nts an the secured dobt when dun. Unless Borrower snd Lender apn� otl»rwin, any
<br /> � paym�nts l.�ndn ncsiwa 4rom gorrowx nr tor Borrowsr's benafft will bo applled firat to any amounte Borrow�r ow��on th� wcur�d d�bt �n
<br /> ; t �xcluifw of Int�n�t a prtncipci,second to int�rsst,and tMn to prinaipd.If psrti�l prepayment of tha sscand d�bt oaaure for my uacon,it wlll �,
<br /> . � not reduc�or�xcute eny scheduied�aym!�t upEil t�,s sec ed debt la paid In full. �^-_
<br /> 2,CI�Irtu Ay�(nst Ti :8o�rpwlr fY1M1 pW pti�i texea�p�ihe lennof thls deedeof t ust�Lendrsb mey iequlhe eorrowi1to ecc►pn enYrtghts�cialmator p;y°;},
<br /> ' � ta the propertlr apdns any daims wNafi+lduN 1r1��� p�y�apor or meteriel�to Improve or maintai�the property. —
<br />- � dsiensee which Borro er rnpy!h�vR�Lt��^��R���� ,
<br /> 3, �nwt�na�. Borrower w�ll keep 4he�property in�utad under torms ecceptabie to Lender at Borrower's expense and for l.endePa benofit. AII �.,
<br /> .,"a- insur�ncs pollciss shall Inciude�stendsrd mortpaps clauce In favor of Lender.Lender witl be named ae Ioes poyee or as tho Insurod on nny such �_.
<br /> or�to ths iePcu��red dsbti If Lenderiequirei�moartpa9e Iniiurence�t Borrower eyre�es to�miintain suchhrtsurence for ae long aa Lend�arequpes ropertY
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<br /> 4,propwty.Bonowsr wlll keep the property tn pood condition and make all repeirs reasonably necessary.
<br /> �y`•�,'.,c � 6,�p��q.Borrower a9rees to pA �II Londer's e nses,tncludina reasonable attorneys'fees, it Borrower breaks any covena�ta in thin deed �
<br /> ��'�<?'�"•�;��,��.� ot truat or In any oblipation sscured�y this daed ot�st.Borrower will pay these amounts to Lender es providod in CovenaM 8 of this deed of
<br /> trust. --
<br /> � �f 1 g,p�pr g��y�nt�rht�.Unl�ss Borrower tirst obtains Lender'e writtsn conaent,Bortower will not meke or permit eny ahmgss to eny priar
<br /> , 3 security intersst�. Borrower wili p�rform atl of Borrower'e oblip�tiont under any prior mortp��e, deed of truct or ather aecurlty apreement,
<br /> inciudinp Bonow�r's coven�nt�ta mske p�Ymmts when due.
<br /> .'�`• � 7.Assia�t of RMts�nd Roffb,Bonower essipm to Lendsr the ronts end profite of the proparty Unlesa Borrawer and Under havs�yresd
<br /> �y��o�r i�coort�ippolntid ncifvir�n�Y tak�pou�islon�nd m�nipi the prop rtyrand�coll�at the rents�A V rint�Lsnde colbata�hi I bi
<br /> e p pll�d fkst to th� co�ts of m�mpin th� prop�rtY. includino court costs�nd attorn�ys' fees, comml��iont to nnt�l�o��M�, md anY ath�r
<br /> =,, nsasa�ry ni�t�d�xpm�n.T h�n m��d n p�m o u n t o f n n t�w f l l t Mn�p pl y to p�ymmt�on tM t�cund d�bt as p►ovldsd In Cov��mt 1.
<br /> � ����,���n�i h��I�t p�v�IpprtNnU,tlorrower� n��to uur�iply with tM proviskont ot eny leese If thlt Aa�d of vu�t i�on
<br /> a I����hold.!I th1� dNd of tru�t b on�unit In a condommium a� p��nn�d unit d�v�lopmmt, Bwvow�r wlll p�Horm dl of Borrowe's dutNs
<br /> " und�r th�aev�n�nt�,byI�w�,o►npul�tbns of the condominlum o►pl�nn�A unit Aev�lapment.
<br />._ . piHa�in t�M d�utNi a owsi t�Mm t b p�i�amidf`ar�wT,Y ipn eorrow�r'i�mniiBa rpoAy�inyimount 1�ci�i d�r fpirfamincdi�If iny
<br /> con�truotbn on tt►�p�op�rtY i�dl�contkxMd or not a�rrNd on In�n�tornbN mann�►.L�nda m�Y�!o wh�t�wr I�n�a�u�►yto prot�at L�nd�r'�
<br /> � s�curity IntK�at In tfN prop�rN•Thls m+y Includ�compl�dnp th�comtrua4ion.
<br /> ` L�nd�r'�failur�to puform wlil not pr�eiud�Und�r from�x�ratslnp�ny of its otl»r riyht�ur�r th�law a thl�dNd of uust.
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<br /> ,Lt� ind wlll biii�It,NeiYirom tMtdai�of tM p+�ym��nt untll p,ldtln tull at��ths Int�rastdi e In�sHe t on thi iicursd dsbt unt�wfA bs due on dsmand
<br /> :...u, �.�. �Q. ���A���, If Bo�rowsr t�its to m�k��ny D�Ym�nt when du� or 6realu�ny coven�nt�undsr thls dMd of tru�t or �ny
<br />_ �'�'�' dimind Immodliti piym,ntir�id m Y��k t���N°m°�li a�id�iny other ruemedlsip�rm�tt�d byippllcabk lawurity of tf�ucund d�bt�nd
<br />=":;3�'�"°S �� R�K�N��o}p��1R It Ii heroby roqussted th�t cop�ss ot tne notices ofi dei.uli a�i�i asls:a sssst b aach pueass Yrli^!"R P�Y
<br />:.,';:� y��;,, h�tsto,�t ths sddra�of eaCh such peaon,aa sst forth hanfn.
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<br /> k"''`�'� �wZhif e�n Lh�VuiL apf per�ty aiome part oi p�rr�,el�thsreot Is sKuit d i notics�of detault coritNnie�t�he Into matlan�requlrsd b�y law.TM Tiute�e
<br />��"P,r�,r:•
<br /> a_sa+r���N� shHl alw m�ll cople�of tM notics of dsfault to ths Borrowe►,to e�ch perwn who It e p�rty eroto,and to other persau a� ��crlbed by
<br /> s not In �n
<br /> �-_,A��-�_ eppllwW� law.Not bu thm on� momh after the Tru�tee record�the natice of def�uR or two moMhs If tM uu�t prape►ty Y
<br /> Incorporat�d clty or vlll�ps and is used In farminp op�ntlons aarrled on by ths trustor,tM frustee shall plve publlo nodc�of s�{�to tM p�rsons
<br /> �- . K bl�dder.tli r�u(r�by thi�FumbHOmortiid ProtsotlTon A�ct.Tti�us shill oNer therPropartY In two�iapWiti i,Niis rb�equir�by ipplfwWi liwt
<br /> -ir�i:�T�!N�x±i�� Trustee m�y po�tpon���IS of�tl or any p�resl of the property by publlc mnouncement at the tlme and ptace of�ny prsvlou�fy tcFwdul�d t�N.
<br /> --�T,��,� -, Lend�r or(ta d�tlpnw m�y purctu�s tM property at eny t�le.
<br />.'<<:�5�-�� Upon�ec�fpt of paymant ot the prlce 61d,T�ustes shatl detiver to ths purcha�er Truetee's deed conveylnp the prop�rty.The recitleb conulned In
<br />=:�'�:.'•y,# 7ruste�'s d�id th�ll he prlm�tacb evldNnce of tM t�uth of tha�tatemenu contalned thsreln.T�ustee�hell�pply tha proceM=ot the s�k In the
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<br /> �ejnat�it��nsM fisi�1(b)to��II umt secured by thii�d�eduof�trust,end la)thet bslance(f�iny tlo t e peria s/epal{y sntitlid to r�eilvs It.te�s �nd
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<br /> --�.;�� �3,Fondown.At Lendet'e option,tt�N deed of trutt mey be forecloted In the menner provlda by appllcabls law for fo�ecbsun o mortpapss
<br />-.._�,�.Y� on r�d prop�rty.
<br />��� = ciuw f�ls�i�du'a IdnsP��°�Mu the propertY to tnapeat it if Lender qlvsi Borrow�r notia beforehand. The nodce must�t�te the reason�bls
<br /> :�� .
<br /> t 6.Cond�nwNtlon•Borcower�sdpns to Lender the proceeds of eny eward or olslm tor dam�gea conneoted wlth�aondsrtwation or othsr ta np
<br /> of�II a�nY put of the prop�rtl.Such p►oce�ds wlll be�ppllad as provlded In Coven�nt 1.This�sslpnmsnt Is subjeot to tM tems of�ny prlor
<br />__� �ecucity�presment.
<br /> �L-°`��� tE.WrvK.BY exerolsiny any romsdv�valUbts to Lender,Lender does not pive u��ny rlphts to later use any other rem�dy. 3y not�xerclsinp
<br /> ���� any rem�dy upon Borrowsr's datwlt,Lender d000 not wafvs any ripAt to I�ter con�der the wsnt���f�ult if It h�pp�n�apUn.
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<br /> ��. ���s��r �p�It���v,��� g�Q�sso►s Md Aa{pm Bax�d. AII dutles under thls deed of trust en jdnt and sev�rel. ny
<br /> ='"d�.._ Borrow�r�who eo-dpns thtt daed of uust but doea not eo-tlpn the under1ylnp debt inatroment(s)does ao only to prmi and convsy th�t
<br /> __ _ ,._ ;f.,,,�, Borrower s Int�nst(n th�propercy to ths Trustee under the terms of thts desd oftrust.In�dditlon,sueh a Borrower epron th�t tM L�ndst�nd
<br /> any othsr Barow�r und�r thts d�sd of tru�t m�y�xtmd,modltv or miks any other chanp�s in the t�rms of thls dNd of trutt or tt»a�cund
<br />--'°-��*^;_, d�bt without that Borrow�r's cone��rt md wRhout rNeitlnp th�t Borcower Bom th�tsrms of thi4 deed of tro�t.
<br /> -v-j..
<br />-�i:�i;j,�+-r.� The dutl�s�nd beaeflte of thfs deed of truat ahall bind and bsneflt the eucceaaors end aaalpn�of Lender and Borrower.
<br /> _-':�:�r.+•:^.;-.
<br /> :• r^ �4,Npy��.Unlsss othsrwl��requirod by t�w,any notice to Borrower shdl be glven by deliwrtng It or by mdliny It by c�►tlA�d mall addrssce to
<br />_`.; ';i"`•'�.�'� Borrowar�t th� pro�p�rty�ddtoso vr�n11 other�ddrew that Borrower hns ylven to Under.Borrower witl plve any notice ro I.endsr by csnifl�d
<br /> .. � bi iint to Lind�r'�a�iddresa isite ed onip pe�1 of thla deed of trustmer address whlch Lender haa dalpmted.Any other nodae to Lendu sh�ll
<br />-„�,,,� •. .
<br /> - • . ' Any notice shNl be ds�m�d to hae be�n plven to Borrower or Lender when given In the menner stated nbove.
<br /> - �� 19.Tnnator of th�PropKty or�s�11ct�1 k�t�nst��1M sorrown.It ell or any part of the property or any intereat In It In sofd or trensferreJ
<br /> wfthout Lend�r's prlor wrltton content, Le�der msy demend Immedfate payment of the secured debt. Lender may alio demend Immedlats
<br /> - d mind paymeM/n the above iltuattoni i�f I�Is prohlb ed by tederel lew ea of tho date of th�s daed�of vust neferred.Hov�nvar,Lsnder may not
<br /> �.
<br /> � 4p,p�corrv�y�na�.When the obQg�tbn tecured by thlt dsed ot trust has been pald end Lender hu no further obllgaUon to make adwncsi
<br /> ,� �'� under thsT strument:�;n�.�tv.r�io the eo�rewerthor to Borrower s iuccea6oreln�nteroaL the trust deeQd i dthe note�w oihir evldence ot ths
<br /> :_::�,.�.- -s M�. i. ...��.__. _.._..--
<br /> + obl�etlon so�ati�fled.Borrower shall pay eny rocorqetton coste.
<br /> ' ,` � s Y7, Suce�ssor TNftN. Lender, ot lender'e optlon, may remove Truatee end eppolnt a suecessor truetee by fkat, meitlnp a eopy of the
<br /> � � substltutlon of truttee es requlred by�pplloeAle lew,end then,by fllln�the subetltutlon af trustee for record In the oftice of the repltter oi de�di
<br /> � eucceed tou I�he power tdutiee�autho it�y and tltle of the Trustee nemed In the doed of trust ne deof enyiauccei{or trustee.of the property,ehall
<br /> . rpay.2 oI Yl
<br /> BANKERS 6YStEMCa.INC..ST.CLOUD,MN 6l�01 lt•E00•38�•Z3411 FOPM OCP�MT6�NE BI18/81
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