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<br />_° .�.;..�..; cov�u►nna ���` 1U�`75� _
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<br /> • 1. r.y�+.�n.. Burrower opre�� to mske ali p�ymsnt� on the s�cured debt when due. Unlet� 8orrower•�nd Lender �pree o4Mrwlte, any
<br /> � , paym�nts Lsnd�r ncdws from Borrowsr or for Borrowor'� benofit wlll be�ppfied first ta any�mounts Yorrower owes on th�.�ecUrod d�bt F_
<br /> exclutive of intereit or principel,eecond to Interest,and then to princlpai.lf partiel prepeyment ol,the�ecured debY accur�for�ny re�don, it will
<br /> not nduc�or�xcut�any echedulsd psym�nt untll tho Qecured debt I�paid in full. i . - �
<br /> 1. CIMm�Apaln�t Titl�.Borrower wlll pay�II t�xso,as�es�mente, and othe�charpei attrtbutable to the property when dua end wftl d6tend tit►s
<br />� � to th�p►op�►tv��+Inst�ny cl�ims whiah would Impalr the Ilen of thl�deed of truat.Lender may requlrs Borrower to�nlpn eny riphtr,claim�or
<br /> � d�f�ns�s wAlali orrowsr may have agaln�t partles wha euppiy Inbor or m�terl�ls to Improve or m�lntain tha property.
<br /> �. 3. MMlx�ne�. Bor�ow�r wfll k�ep the propsrty Insured und�r t�rm��capt�bl� to Lsnd�r at Borrower'a expents and for Lendsr'� Mnsilt.AII �`�-
<br /> � .. � �'� Insw�nc�poHcNs�hdl includ��stmdard mortpe9�clauss in favor of Lsndar.Lender will be mm�d a�Ios�payes or a:ths Insured on�ny such
<br /> Insw�nc�policy. Any in4urence proceede mey be applied,within Lender'�dlacretlon,to elther the restotation or rapalr of the damaped property
<br /> or to tM��cund d�bt.It Lender requlrea murtpope Incurance,ilorrower cpreac to malntain cuch Insuronco for ns lonp na Londar raquiros.
<br /> . F.'�.� rw
<br /> 4. Rop�rty.Barower will k�sp the propsrty In paod conditlon end m�ke+II npairs reasonabiy necessary.
<br /> •+'�� 6. E���. Borrower a9re�a to p�y ell Lender's expsnces Includinp rouomble ettorneyc'fees,if 8orrower breaks any covenants in this deed �
<br /> . ,h'�'� of tru�t or In �ny obl(p�tion secura,d by thia deed of tru�t.�orrow6r will p�y thesa imounts to Lendnr as provided in Covenent 9 of thla deed of �
<br /> `.:.t�. }, tlutt�
<br /> � �! e. Riw 8��y int�ntt�.Un�no Borrowsr firrt obtafns L�nder'o writtan consom,Borrower will not meke or permit any chenges to sny prlo► _
<br /> eecwity inte��ds. 9orrowar wlll perform aii of Borrower'a ohliqatbne under eny p►ior moneage, deed of tru�t or other aecurity aQreement, _
<br /> Includinp Borrower's covenante to msks psyments when due. --
<br /> � 7.Afti of RN�tr�nd Ptofits.Borrower easipns to Lender the renu and profrtc of the proparty.Unieas 8orrower and Lender have apreed -
<br />� •�' otherw se in writiny, 6orrower msy colleat end retain tha rents aa lonp ea Borrower is not in default. If Borrawor dafauits, Lender,Lender's
<br /> • • ;.f•. agsnt, or�aourt appofnted receiver may take possnssicn and manage the propeny and collect the rente. A�y rente Lender colleats shall be
<br /> � applbd flrat to the coate of manafllng the propertV, includtng court costs and attorneys' fees,commi�aions to rentel apente, and a��y other
<br /> necescary related expensos.The remaTning amuunt of rents will then apply to psyments on the secured debt as provided in Covenent 1.
<br /> �• e.L��holdm Candon�ns:Plann�d Unk WvNopnMnt�.Bprrowar e�nes to comoly with the provisions of any teaae if this deed of vust Is on
<br /> 't• tar,�flp�Lft��eowtn.hlnts,��y-l��va ucr iepu et tlarea ot the con�dominium oi ptani ed��nft divslop pantnt,Borrowsr wtll perform ali of Borrowe'� duties -
<br /> . 9. Autlx�ily of�.�ndM to P�farm fa Corrow�r. If BoROwer faiis to pertorm any oi Barowsr'�duties under this d��d of uust, Lender msy _
<br /> conit�ruCtbn on the prrop�ersty is�d at cont nued o�r naot ceeed on►n a reeaoneble manr�ie�rn,Lenderymey do wheteve�i�neceaaery to��otaotcLender s �
<br /> sscwity IntsreK in tf►s property.ThU msy include comptetiny the eonstruation.
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<br /> ^', Lend�r's f�itun to perform will not preclude Lender from exeraiaing eny of its other ripht�under the law or this deed of truat.
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<br />�,i ��•�T Anv amounts paid by Lsnd�r to p►ot�at Lsnder's aecurity interost will be secured by this deed of uust.Suoh�mounh wiit bs due on demand _
<br /> and wfll be�r i�so�st ftom the date of the peyment untll patd in tuli at the Interest r�te In ettect on the securad debt. _
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<br /> 10.D�hult �nd Aec�adon. If Borreswsr falla to make any payment whm dw or brsaks any covenants undsr thia deed of uutt or �ny
<br />-:;'.-. � obllpation s�cur�d by thf�d��d of trust or any prbr mortpape or dsed of truct,l.ander may accelente ths maturity of the secursd debt and
<br />_- � dem�nd Imm�dl�t�paym�nt and m�y Invoke tha power of aNs end�ny other remadies p�rm(ttid by�ppliosbls I�w.
<br /> ='�;.;;,:;: . • 11.R�quat tar Notic�of Giwk.It la heroby roquested that copiee of the notice�of dstault and eale be aent to each person who is a p�Ry
<br />-��" hsnto,at tM�ddna of sach wch ps�son,a�aet forth heroln.
<br />;+�''"�' �' 12.►oww of 6tl�.If the Let�der invokes the power of aafe,the Trustee ahall fUat rocord In tM office of the ropister oi d�sd�of sach couMy
<br /> �.�ti�� �,�'�!�� • wMnin th�trust prop�rty or some part or parcel thsraof la situetsd e notiee af d�fault contatnino the informetion►equk�d by I�w.TM Truatss
<br /> � ''•; thaA siso mril copbs of ths notice of defauk to ths Bonower,to�ach penon who is a party heroto,end to other psnons aa prescril»d by
<br /> _.'^�,i • � � appNc�bN taw.Not Na thsn one month ettsr the 7rustee record� the notics of default or two montha M tM tru:t property Is not tn any
<br /> -° '":��'`�ry'. IncotpontW dry a vi0�ys antf is uc�d in farminp opent(ons carried on by the tru�tor,ths frustee shrll pivs public notice of ssle to tM psrsons
<br /> ��r*k°��"�'' a n d i n t h�m w�p n s c d b�d by�a p p p l i e a W s t a w.T ro s t�s,w i tho u t dem�nd on Borrowe,shall seU th�p ro p�rt y�t p uWia�uotion to tM ht ph�st
<br />'=_=c.. .• ••}:•-:° bidd�r. If rpulrsd by ths Farm Flomostsed Proteotion Aat,Tru�tes�hell offer the properhr in two separate�sles�s roquired by appilotble I�w. --
<br />--- - � Tru�tN m�y posipor�saN of ell a any parcel of the propsrty by publio announcem�nt at ths time�nd place of any pnvbusly schsdulsd sale.
<br />�,.:°,.'�,-!::r_^�; L�nd�r or ita d��iyn��may purcha:e the property at any sale.
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<br />--= Upon receipt a�f paYment of the price trld,T►vetee ehall deltvn.to the purehaser Tru�tee'�daad conveyinp the property.TM reoktab conainsd in
<br />_�:a�;;-;�;� TrwtMS'�dNd shN1 b�p►tma faais�vidNncs of tl»uuth of the stat�meMS contalned tMrofn.Truetae�hall�pply th�procwd�of th��e(e in tt� -
<br />��--.:::..�. foNowinp adu: (+1 to ali �xp�nsa of the aale, Includinp, but not Ilmited to, re��onable Trustes't fees, rsasomble attarney's fees snd
<br />�'...�+.�: ,,� nimtat�rrwnt bes;16)to�II aumg secund by thiQ deod ot trust,and(c)the bdsnce,{t�ny,to the per�ons lapally entitled to recefve it.
<br />,.��;,. 13.Fonelo�un. At Lendn's option,this deed of uust msy be forocioead in the manner prov(d�by eppllcabie law for toroclosurs of mo►tqapss
<br />�.,�;�;;' on ral property.
<br /> � __-��i�_�„_ ,, 14•Msp�oUon.L�ndn m�y�nt�r ths proporty to inapeot it if Lend�r Qivss Borrow�r noUce b�fonh�nd.The notiae must stats tl»mwnaDl�
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<br /> • oaua ta L�nNr s Insp�ation.
<br />_.�=.�j�i�.w_g� 16.CondwnMtlo�.Borrowsr esti9n�to Lsnder theproceods o}any award or cleim for damaC es conneoted wkh a condemnatlon or other takinp
<br />-�---- of iA w my put of tM property.Such proceeds wlll be appllsd as provided In Covenant 1.7his essiynment la aubJeat to the terma ot my prior --
<br /> --�:y:,,`�+�� ascurity�prs�m�nt. _-
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<br /> __`_,�.:}y� 16.Waiwr. BY�xKCidnp any rom�dy awllaW�to L�nd�r,Lender does not pive up any riphts to I�t�r uss any oth�r romedy.By not�xerolalny
<br /> =_,.:�� any r�mtdy upon Borcow�r's d�fauit,Lsnder does not waive eny rf9ht to Ieter contider ths sveM a def�ult(f it h�ppen�ayaln.
<br /> '�"�''�`'� 17.JoM�t�nd�wKd �Cait�n; SueeNSan �nd Asslpn� lound. All dutMs und�r this deed of uu�t �rs Joint and �ov�ral. Any
<br /> , � Borrow�r who co•�Ipns thts �d of trust but do�s not co•:iqn ths underiy1nD dsbt insuummt(s) Qoa so onty to pwnt and convsy that
<br /> — Borrovwr'�imx��t In the prop�rty to ths Truit�s under the terms of thit deed of trust.In�dditbn,auch a Borrower apreai that tha Lend�r�nd
<br /> -='"°-?w!�?''� any otMr Borrower und�r this de�d of uust may extend, modifv or mcks any ottwr ch�nyss in the tsrms ot this deed of tru�t or tM aecursd
<br /> -`�u�°� d�bt wlthout that Borrow�Ys cons�M and wkhout relsuinp that Borcowe trom th�tarmt of this de�d of trust. -
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<br /> ��,�,+,���� Th�duttei�nd berwflts of thts daad of trust shall bind md benefft ths sucee�to�_.md ewtpns of Lsndar md 8orrower. _
<br /> '�"�!`•`rs • 1d.Nodw.U�sa otherwiae roquind by Isw,any notice to Borrower shell be p�ven by delivertnp R or by mailinp k by ceRiiled mail eddresaed to =
<br /> -. • �• Borrowrx at tM pro addrsss a�nY other�ddrsss th�t Borrower he� qIven to Lend�r.8orrowsr will pive any notics to Lender by csrtifled
<br /> - ,� ��� maY to L�ndK's �on prq� 1 of tf�ls dud of trust,or to any other�ddnsa which Lender h�s datpnatad.Any other notice to Under ahalt
<br /> _ '''�,;;,' be tent to Lende►'��ddross as�tated on paye 1 of this deed of truat. -
<br /> � '`�'�"��•' Any nottce shdl be deemed to heve been given ro Borrower or Lender when plven In the mennar�tated ebove. ^
<br /> �. � ' 19.T►�rut�r of th�Ptop�rty or�B�n�fleiM ItK�r�at in tM BorrowN. If elt er eny pert of the propertlr or any intereat in k ta eold or traneferrod `-
<br /> � ' without Lendat'� prlor wtftten consent, 4ender m�y dsmand imrrNdiete p�yment ot the seaured debt. Lender mey aiao dem�nd Immedlate e•
<br /> domandt�I,yrM�Bon the above situ�dons�M it Iia�oAlbted by fedsrel law es of the dete of Mis deed�ot truBtpneferred. Howeveq Lender may not �_
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<br /> 20.R�conv�yr�e�.Whsn the obltp�tion secured by thls deed of trubt hes been paW end Lender has no further obllpation to make advaneoa �
<br /> •• undper the instrumente or aproemenh secured by this deed of truat,the Trustee�hal�upon written request by the Lendet, roconvey the Vuat _
<br /> �`� obl gl atbn so utisfied�Borrower shilitpa y ny roWCOrdatione oste er's aucceasor in Intere�t,the truat deed end the note or othsr evidonce of the o
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<br /> e� o.""�---'T....w 1....1.. .� 1�...1�.�. ....�ln.. .T....���nd • Minf � u�Ma�unr f�ur�u Au N��� m�{16u. . n� H.�
<br /> • � eubatituUon of vuttee es requUed by applicable�ew,and tF�en,bY filin g� the substituifon of trustee for record In the oNlce of the►epiatei of deeda -
<br /> of eech county in which the Vuat property,or some part thereof,is sttuated.The aucceasor truatoo,without convoyance of the property,sha�i
<br /> ' succeed to ail the powe�,duties,authortty and title oT the Truatee named in the deed of trust end of any succeseor truatee.
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<br /> DANKERS 6vSTEY3.INC.,6T.CLOUD,MN 68301 I1�E04387•43N1 FORM OCP•MTO-NE 61t8181
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