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<br /> COVENANT{ 9?� ���Q�
<br /> 1, p�yrnMrt�, Borrow�t�prNa to mak� �IIpa ym�nt� on tM ��currd d�bt n du�. UnNt� Borrowx and L�nder o�r�� oth�rwi��, �rsy
<br /> p�yn»nt�Lt�r�r nc�iw� Irom Borrowa or fa Bo►row�r'� b�nNtt wfll h� �p��d Hnt to �ny�mount�Borrow�r ow�s on th�secund d�bt
<br /> not�r�iduci a ixouii n y s c��tMdiiNd P�Yrt►��t untll ttw�itcu�i�d d,Gt li peld In t��I��p�ymmt of th��ecun�f d�bt accws lor any rA��on,It wlll
<br /> Z.CMMm AO�t Bonawy � �1������� nts,and atMr chup��attrlbut�bt�to th�property whan du�and wiil dri�nd titl�
<br /> to tM pro dnst irly cW►ifi of thl�dNd ot uuct.L�nd�r m�y r+quln BorroW�t to �ulfln�nY rlpht�,clalm�or
<br /> �f����W���p �yhv� �f�1 � u y i�ba a m�telel�to Improve a malntaln�h�proputy.
<br /> C [�';[���i',i.: i�°� ��'. .,1�/
<br /> 3.���, �raw� y�y���M� t�rm��cc�pt�a�to L�n��t Barow�r'��xp��u��rd far L�nd�r'� b�Mtit.All
<br /> Inwrene�palicf���haN Irv;WN a�t�ndKd mort �pe�el1�ua�In favo►of LsndN.L�n�r wih E�n�m�d u I��t p�y��qr�t tM InsW�d on�ny such
<br /> or to tM ticWW d�bt��t L n�dr►�iquir,i�mator�ya�irwu�ranco��0o+row�raprc'aa toim�intC�nteu hhn�urnc�+t}or ee larPi�e��snder��quln���rtY �
<br /> b,prop�ty.Borrow�►will kNp tM{xop�rty In pood condttbn�nd m�k�alf np�k�nasonably n�c�s�ary.
<br /> 6.Exp�N.Bo►towar aOrN�io pay dl L�ndK'��xp�nus Includinp re�rombls attorrnys'feor,If Bor►ow�r Ixaks�ny cov�nanta In this dnd
<br /> of tru�t or In�ny obUp�tbn wcund by thls dt�d of trust.�orrow�r wlll pay th�s��mounts to Under�s provid�d in Coven�rrt 9 of tnb de�d of
<br /> uust.
<br /> e.Ikior a�ewky bt�t�.Unt�a Borrow�r first obt�in�t L�nd�r's writt�n consent, Borrow�r will not m�k�o►pemit�ny chanpss to any prlor
<br /> security Intereete, Bo�rower will p�form �II of Borrow�r's obNyatlone undsr any prior mortpsps, desd of trust or other c�cur'ity�pn�rMnt,
<br /> inchidlop Borrow�r'4 cov�runts to m�ke psymsnt�when due.
<br /> 7,AWI�K of R�d�nd►�rolib.Borrow�r attipns to L�ndsr the rsnU�nd p►otits o}the propertY.UnN�s Bor�owu a�d Lsndn h�w apn�d
<br /> othNwfa in wHtinp, 8orrovnr m�y colieat and ntaln th�nnts a�bnp as Borrower 1�not in default. If Borrowsr defauhs, Undu, l.�nd�r's
<br /> ayant, or�court�ppointed r�cdvst mpay taks possestlon and mmapa the{xoperty and coll�ct the rent�. Any renti LenAer eollects�h�fl be
<br /> necelssiry relited x•pe in si Thi remiitnl p imount o�f rinta wfll then apply to paymints on the secured de6t ii�ovldid�in GoRVSnant t��Y othsr
<br /> �.����15,Condo��ny; rlrrNd 1lnit p�vNopm�nb,Borrower�pp1r��s to comd��Iy with th�provitlon�of�ny I�at�if tN�dMd of uust is on
<br /> utx�Mut�cavana��lavrivarep lu atlone oktfie co�ndomiln�kim a planid unult dev.lopbmsntnt.Barrow�r wfll p�►form�H ot 8orrowsr's duti�s
<br /> s.Autho�ity of L«�d�r to h►[onn ta brtow�►•�f Bwrow�r taiii to p�rform �ny of Borcow�r's duties under this dred of truit, Lender m�y
<br /> c�iuuat�nb on�thsi�pro�psrtY f�conUrwe�d a mt�ci�lo�d on�n e rsesonibls mrnnsr,L.�nd rym°y do wh,tev�sna�uis�io pr to eatcle�ndir'i
<br /> sscurity int�nst in the propKty.This m�y Includ�compNtinp the canstruation.
<br /> lender'�f�ilu�to psrtorm will not preciude Lender hom exerclsinp any of lu other rlyM�under ths I�w a thia desd of uun.
<br /> ind wimll bi�aur in xpii nom�th�dniQOi the p��►t until�paid in tull ati ths�inte est�tets in sNect on tM se�cursd dibt u� W����due on demand
<br /> tp, p�f�ult�nd Acc�atbn. It Bortow�r f�ils to m�ks any payrmsnt wMn du� or breaks �ny covemnts under this deed ot uust or �ny
<br /> � �de�mand immidiit pa tym�nt i�may invoke itw p�wsr of i�N and any othsr smidi�ipirmittsd by ipplicibte liwu►ity of the �ecured debt and
<br /> 11.R�qwat tor Not{o�of DNauk.It i�h�nby requ�sted th�t copls�of the noticei of defautt and�Hte M s�nt to ekh person who Is�peny
<br /> herato,at tM address of a�ch such psrson,�s aet forth h�rsfn.
<br /> 12.PowM at b�N.If ths lmdsr invoks�tM power of sale,ths Truste�shsli first rscad(n ths offics of the rptstK of dasds ofi��ch counry
<br /> wherein ths trust property a some pwt a p�resl thersof Is�ituated a notice of def�ult containinq the intamation r�quired by Iaw.The Tru�t�a
<br /> shn11�Iso mail copiss of �he notice of dafeuit ta tM Borrow�r, to��ah person who i�a party hento,md to oth�r penons�spr�aulbsd by
<br /> �pplic�bl� law. Nut lea th�n ono month aftar ths Tru�tss record�ths nottae of defeuit or two months H the tm�t property is not fn�ny
<br /> incorporatsd city or viN�p��nd io us�f In faminy o�p�ratbm cani�d on by the aurtor,Ms�'ruatea chdl pivs pubilc noUce of aeM to tM psrsons
<br /> and in tM mannor prsicribd by�aqppIIwbN I�w.Trutt�,without d�mand on Bartower,sh�li ssll the property et publia�uation to ths hipMst
<br /> " bfdder.Ii nqukeA by th� Frm Hofnestead Ptotectbn Aot,Trustae shall offe►tt�e proparty in two�eparate saNt ds rpuired by applicablo I�w.
<br /> Truatee may pottpone��N of �tl or any p�resl of tha property by publio annouocemsnt st the time and piace of any prevloudy scMduled nle.
<br /> ' l.�nd�r a tts deslpnee may purChaa�tM propsrty at any ub.
<br /> Upon r�ca{�t of p�ym�M af tM prics bid.Ttuste�shall ddWer to tM purchas�r 1 rustN's d�eq corn�pr�p tne properq.=iN�vcti�.i.�oni.:���td la -
<br /> TnistM'�dNd sh�ll b�prim� t�ci��vidi�nc�ot ttn truth of th�stat�mmts cont�In�d thuein.Trust��sh�il apply tha proaeds of the u�ts in ths
<br /> - riini at terrNn�,i+�(b1 to d sums sscured by thli�dee�dot Vus�end la1 ths balancs,itiny t�o t��psrsom le�ipy sntitlsd to reciive h,tsd� aM
<br /> � 1g,Fono{oMx�.At Und�r'�optlan,thls de�d af tru�t m�y ba toreabtsd In the mann�r provid�by appllcabie Uw fa toncloawe of mortyep��
<br /> � on re�l prop�rty.
<br /> '' ��{, Lend�r m�y e�iter th�prop�rty to Inip�ot It H Lender pivss Borrowsr notics beforehand.Ths nutie�must stat�ths reasonabb
<br /> paue� L�nder's insp�ctbn.
<br /> � 16,Cp�d�mnttlon.Borrow�r auignuch pLroceedt wili�applbd eeYpro ided in�Covenintal�aThii aieipnmant s iubjee�iomhe erms o�y prbr
<br /> of�N a my pa►t of th�prapertY.s
<br /> . s�curity prs�mont.
<br /> 1e.Waiwr.By�x�rcidnp u�y nmedy av�il�bls to lsnder,lendsr doei rat pive u�any rlphts to later uu any other rsm�dy.By not�x�rcislnp
<br /> any rsmedy upon Berrower's detault,Lsndsr does not w�ivs any r(phi to I�tar cons dar the ovant a defeult ff it h�ppen�ap�ln.
<br /> 17,Jolnt �nd Sawr�L�s Cadprnrt: Suee�MSOrs and As�ipn�6ound. All du8es under thls de�d of trust xe Jolnt md s�viral. Any
<br /> ; Borrowe who eo•sipns 1Ns Nd of vu�t but do�s not co•sipn the underlyiny dsbt instrurt►snt(s) das so only to pra�t and eonvsy that
<br /> Borrow�r'R InMro�t in tfie propl►ty to the Truste�und�r th�t�rm{��ot this dMd oi tru�t.In�dditbn,�ueh�Borrower�0ren thet tM LeM�r�nd
<br /> � debt w�t��thi Bonown'�i consent ind withou�t rskii np thst Bort w,sr�f om tt i�terms of thl�deed of tru6tt�his dnd of trwt ot th�aew�d
<br /> � The duWs�nd b�nsfit�of this deod of trua shall bind end benofit the wcceteon�nd usiyna of Lender end Barrower.
<br /> 1A.Nodc�.Unlsu othwwhe required by lew,any netice to Borrower shdl b�pliv�n by dNiveriny it or by maflinp it by Certitlod mail�ddressed to
<br /> � Rorrowa�t tM pro �ddiett a�ny otMr addnts tAot Bortow�r ho�pfven to Lendsr.Borrower wip pivs eny natice to Lend�r by crrtified
<br /> m�il to UndN'��d na on paye 1 of this dsed of vust,or to any other�ddress which Lend�r hat dssignetad,Any other notice to Lend�r sh�ll
<br /> W s�nt to L�ndor's addreu ea rtatod on p�ps 1 nf tht�daod of uua.
<br /> Any notics sh�l1 be d�emed to h�ve bsen pivsn to Borrower or Lender when p(ven in the manner at�ted ebove.
<br /> 19.Trrn�t�r of th� Propxty or�B�nafleiN Int�nst In tl»Borrowr►. It ail or any part of the propartY a any Inte�oet 1�it is eold or trsnsterred
<br /> wfthout Lsndsr'� p�ta writtan consont, L�nder msy demand tmmedi�te payment ot the secured debt. Lender m�y nMo demend immadi�te
<br />_ demind payrt►ent n�tM above iltuatlons ff li�s prohlb ed by fcdersi law as of the dste of this daed ot trustansiened.However, Lender may not
<br />� 2C.R�conwyme�. Whsn th�oblipation aecurod by thls deed of trust ha�besn paid and Lender h�s no turther obligatbn to m�ke advances
<br />— und�r tM Inatrumsnt�or ream�nto cecurod by Mh deed of irust, the Truatee shaif upon written roqueat by the 4ender, roconvey the trust
<br /> 0 obliy�ti�on to�tb�fied�Ba�wer shilltpay�ny ecordat onBcor�er'e sur,cesaor In Interest, the trust deed end the rato or other ovtdence ot the
<br /> �� a�....v Tn..t.._ l�ndu. at Lender'a octlon. mav remove Tru�tee end appofnt a succefaor truatee Gy fUSt. mat����g a.copy_of ths
<br />— � substitutbn of trustei sQ uquired by�ppllcabie I�w,and then,by flii�the�ubatitution of truytee tor record in me oirice oi tne re pscpr ro�*a6hell
<br />— of��ch courrty in whlCh the trutt property,or some part tMreof,is t tuated.The successor trustee, without conveyance of the ro e
<br />— succ��d to all the power,dutie�,authority snd tkle of the Truatee named in the deed of trust a�d ot any�uecec:o►vuetee.
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<br /> CANKE1186YSTEMS.WC..6T.ClOUD,MN 68701 It•E00•�97•�3411 FOAM OC►•MTO�NE 6i18191
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