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<br /> .. `. COVENANTS 9�"' a�I���� �.
<br /> ' i. P�ymt�ta 8ortowor epr000 to muke ait peymonts an tho socurod dabt whon duo. Uniose 8anowor and Lendor agroo otharwiso any �. .:,
<br /> � poymon4e Landor rncalvoa trom 8orrowor or tor Bortowor'o bonetlt wltl bo npptiod first to any amounts Bortowor owos on the soaurod dobt , .
<br /> oxcluolvo of fntetost ot prfnolpat,second to Inter�st,nnd thon ta pfinoipni.If p$rttal propaymant cf tho eocutud d0bt ocrLrs tor Any reoson,it wllt ,
<br /> not roduco or oxeude pny acheduted payment untll tho suaured Qebt la peld in IuU. ,
<br /> ' �.qtlms A tyinst Titl�.Borrower will pay ali toxes,essassments,ond othor chnrges ettrlbutablo to tho praporty when duo and wiil dofond titlo •• '
<br /> � dotoe oe�ch 8or�►owar may hAVO nga nst p rtl u who supptY Iabor or metorlelo to improve o�yme�intflin tho plp�wi�yaselgn any rfghte,claima or .
<br /> 9.lmuranat.Borrower wiil keoy tho praporty insurod undAr torma accnpt�bio ta Londor at Bcrtowor's oxponse and tor Lander'e benefit.Alt -; •
<br /> inBUraneo policles ahell inoiudc+a etandard mongage ciauso irt favor of Lendet.La�dor will bo named as�osa pAyee ar as tha Insured on any suoh �.:;ri,4
<br /> ' ., o►gioino ee���ed a ei ii�ndor ref q 0°os�i o�rt9 pe lns�uraneen 8oriowoiregro�os to metnta/nteuthhnlu roncettor as�ongiea lenderH equires�operty 1 j ,
<br /> • �"� 4.Pira{mty.Borrawer wiil kuep tho property in good eondition and make all�opalrs roosono6ly necensaty. '��
<br /> :._r._..,�r .
<br /> �� of u�uat or�in anV�ob110etlan soeuredyby thls deed ot ttust 8�orrower�will pay these amounts to t�enderpas provldedkn Covonant 9not this dead of
<br /> trust. �
<br /> +1_,
<br /> 8.P�lo�S�eu�y{iMer�ste.Untoss Dorrowor 4frst obtalns Lender's written eonsant.Barrower wiA not make or permit any chan8es to any prior � ,
<br /> inoluding�8n rower s crovenants��t mah pay�e�rKS whenedue.b�igations under any prlor mortgage,deed of trust or other security agroement,
<br /> �,p��pnm��mp�q�0�2�oflts.Bortower assi9ns to Londar tho rsnts and proflte of the propertv Untoss Borrower and Lendar haw agroed y4 , ,
<br /> o t h e r w a�e i n ureit[n g, Borrowor mey ooilect end tet8in tho rOnt6 88 tOrtg as BOttowBr i:rsot in datautt. 14 Borrower defaults, Lender,Lender's i .
<br /> egent,or a eo�cvt appointod oeee iver mey ta ke posae ssi o n a rt d m a n a g e t h e p ro R O r t l l a n d c o l l o c t t h e�e n t s.A n y re n t s L e n d e r cotiecta shati be Q : ^;/;;.
<br /> app�led first to tao eosts of inenagin the property, inetudtng court eosts and attorrteys fees,commissions to renta� agents, end any other
<br /> • neceaeary re�atod expensea.The�emaPninB amount of rents will then apD�Y to RaYments on the secured debt as provided�n Covenant 1. ' .;..
<br /> � ' 8.Las�A�"•ds•�orzdcminiums:Planned Unit OeYetopmsMs.,Bortower agrees to com ply with the provisions of any Iease If this deed of uuat Is on •�,, ;:
<br /> �� a taasehold.t�thia desd of trust is on a unk in e condommium or e p lanrtod unit development,Borrower wili perform ait of Bonower's dutiea
<br /> under the covenants,byla�nra,or�egufations ot the cortdominium or pianned unft davetopment.
<br /> 8.AWiwttlr ot I.�ndsr to P�torm for 8oaow�r. If Borrower 4ails to pertorm any ot Bo►rower'a duties undor rhis deed of uust, Lender may ,,�;�
<br /> � pertorm the duties or cause them to be performed.Lendov mat�sign Borcowor's neme or pay an�emouM 14 cw�cesssry 9or performance.If any ,.
<br /> a
<br /> consuuction on the propertY is discontinued or not cerried an in a reasonehie mennar,Lender may do whatover is nacessary to protact Lentler'e , ','.,.
<br /> soeurity Intereat in the property.This may ineiude compieting the constructlon. ' �;�
<br /> ' k' LendeY&teitura to perform will not precluda Londer nom ezercising any of its other righte under the law n7 mis deed of trust.
<br /> I .,•t end w U beer i te�rest nom the date ot the p yment untit pa d in full at��theeintere taate In ottecet on the so�oi red debt unte wfll be due on demand
<br /> � 10. Dahult and Aceetera4io�a. 1� Sarrotver fails to make any payment when due or brmaks any covenanta under this deed of uust or any n• �
<br /> � i . obliBaHon secured by this dee�i�Y 4rust or arry prior mortgage or deed of trust,Lender may aaelerate the maturity of the secured debt end •��� ��
<br /> C•'
<br /> :,,�-- d��t�.�,.,�f�tp=+aymeM and mav invokm the power of sale and any othnr remedios permitted by applicable law. �s.-
<br /> � 91.qeQuaA2�rr�Iptico at DOfetslt•�t ia har��y requeated that copies of the natices of default and sele be sant to each person who is o party
<br /> hereto.at t��e a�tdresa of each sueh person,as aei forth herein. �� �
<br /> •• e wer of aele,the Trustee shall firat record in the offiae ot the regisler of daeds of oach county �,.�,,.f��.
<br /> - 12.Powe�ot 9de.If tt�e lender tnvakos th po :$ ,,,�
<br /> wherein tha t�vat propetty or some part or parcel thereof is aftuated a aotice of defauit contai�ing the informetion required by lew.The Trustee �V
<br /> � sheli atso mell copiea ot the notice of detauit to the Borrower,to each person who ia a party hereto, and to other peraons as prescribed by , ,�,
<br /> ' appifcable iaw. iVot less then one month after t ae�eifons iariled o by the trustorethe Tntstee shall give pub II c noticePof sale to the persons .
<br /> ' '�t`:�:t',_�,' (nsprpora4ed city or village and is used in farming pe +.�•,
<br /> � ';_,.`'�` and In the manner prescribed by appptico�la law.Trustee,without demend on Borrower, shetl sell the property at puWic auction to the highest ;��y..
<br /> "r�,� :.::�:�' '� btdder.If required by the Pa�m Homesteae3 i'�otection Act,Truatee shall offer the property in two separate seies es required hy applicabie Iew.
<br /> , ' � Lender omits�eslgnee msy purchase the properhr at any saie�by pubiic annou�cement at the Ume and�lace of any previousty scheduted sale. ,�1j.�'
<br /> 4 �-��:
<br /> " C Upon recoipt of paYment of the price bid,Truatee ehatl deliver to the purcheser Trustee's deed conveying the property.The recltiais contafned in �•a,�
<br /> . ,�,..�,, � .`t' Trustee's deed shail be prime taaie evidianca of the truth of tho statements contained therein.Tmstee shell apply the proceeds of the eele fn the �_;,.-
<br /> �.'•}: }ollowine mdar: te) to ait expenses of tho eaie, Inciuding, but not Iimited to, reaeonabte Trustee's Eees, reasonabie attorney's fees and
<br /> .:�;,.;;�
<br /> '. cs�-+ � teinstatemant fees;(b)to a0 sums secure�bv this deed of trust,and(c)the batance,if any,to the persons�egaily entitied to receive k. ,-_.
<br /> --�_.-----::—; Z�,far�lc�+rs.At Lander's option,this dpp��f ttust may be foreciosed in the manner provide by applfcabie lew for foreclosure of mortgeges _
<br /> ' on reai property. `��•�
<br /> � 7q,�ntpeetlon Lender may onter the p►operty to I�spect ft If Lender gives Borrower notice betorehand.The noUce must state the teosonabie °;_l�.
<br />' � � cause for Lender's inspection. `�
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<br /> • ' 18.Condomnatlon.Borrower asslgns to l,ender the proceeds of any award or c�alm fot damage16c�o���ment ist sub ecK to the�t rma of ente do8 �,�
<br /> � ' of ell or any part of the property.Such pr�csads wfll be applfed as provided In Covenant 1.Th g 1 y P
<br /> n i 89CUf�L�l8Q�80IT18Ilt. � -
<br /> � � � 18.WNver.BY exercisi�g anY remedy evaflabie to Londer,Lender doea not give up any riphts ro tater use any other remedy.8y not exercfsing -
<br /> any remedy upon Borrbwer's defauit,Lender does not walve any right to Iater consider the event a defauit if it heppens agein.
<br /> 17,JoiM ertd Ssverol li� Co-a�8timre; Sueceasors and Anaigns Bound. AII duties under thfs deed of uuat are Joint and severat. Any
<br /> � ' Borcower who eo-signs this eed of teusQ but does not co•sign the underlying debt instrument(s) does so oniy to grant and convey that
<br /> ' Borrowar's iot�rest in the ptope►tY to tho'•s.�stee under the terma ot thia deed of t�ust.�n additbn, such a Borrowvr egrees that the Lender and
<br /> any other Bonower under tA'�s deed of tr�ae may axtend,modifv or make any other changes M the terms of this deed of trust or th9 secured
<br /> , debt witMut that Borcower's consent and wfthout releasing that BorrOwe►from the terms of thk deed of trust.
<br /> , ' The duties and benetits of thls deed oi trust ehall bind and bertetit the snecessors and assipns of Lender and Bortower. a
<br /> , 18,ldoties.Un�ess otherwise required by taw,any notice to Bonower shall be given by deiiverinp it or dy mailinp It hy cenifled meit addressed to
<br /> Borrower et the property addrese or any othar addreRa that Sonowe�has gIven to Lender.Borrower wnit give any notice to Lender by eertified
<br /> � mail to le�sdar's address on Page t of this deed of trust,or to any othar acfdrese whfch lendor has des�r�natod.Any other notice 40 lender shaU
<br /> be sent to Lender's address es etated on�agu S of this deed of truat.
<br /> . Any notice shall be deemed to hava been gwen to Borrower or Lender when given in tAe manner atated above. ,
<br /> 19.Trenster of the P�epm¢tl or s Bon3ftoial trtterest in the Borrowet.If ali or any Dart of the property or a�y interest in it is sold or trans92rtpd
<br /> without l�nder's prfar written cortsent. Sender may demand immediate payment of the seewed debt. Lender may atso demand �mmetiip2n
<br /> payrrttnt if the Borrower �s not a naturas person and e beneficial interost in the Borrower is sotd or transterred.However, LerMer mny r,ut
<br /> demand payment in the above situations<<it is prohibited by federai!aw as of the date oi this deed o}E�c;st.
<br /> 20.6ixarnvoqanee.When tAe obtigation secure`d by this deed of truat has bee�paid,artd Lender has no further ob�igation to make edvances
<br /> � urtdet tRe insuuments or agre�ement_se�yb�N d���r�w rs'n succa�susorc rt£fnteiesi Re orust dee�d andbthahrtote o�othe evtdence of tf� �
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<br /> oDligauort so setisfied.Borrower shall pay any rocordatian costs.
<br /> 2�, �sscra2er 1luetA4� 4ender, at Lender's option, may remove Trustee and eppoint a successo► trustee by Hrst, maiiing a copy of the
<br /> • subsTitution ef d�steA�ds#eq4t'7ed by epplicable IBw,a�d thon,by filin the oubstitution of ttustee for recerd in the office ot the regieter of deeds
<br /> succe�ad u Rn thct Pow+�er tdut�as5su�tPrority nd tRie oft Ire Trustee na�ait�e►;e d d of nsuat a�of any isuccesaorvtrustee.tlf the propetty,shalt
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<br /> . BANKERS BYBTEMS,tNC..ST.CLOUO.MN 68�01 It-600387•tS411 WRM OC��AT6-NE 8118/B1 _
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