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<br /> COVEHANI'3 97"� ` 4
<br /> i, r�ym�nt�. Barrow�r �pnu to mrk�tll paymenti on 4h1'AS�M K w w d°ikst to�ny+mounti Bo r wer fow�� �he`�a d,bi
<br /> paym�nta Lendar nc�lw�ftom Bnrrower o►fa Bonbw�r'wlMnMlh ��� xDO� r6
<br /> �xchnlva of Int�r��t o�principd,��eond to Intv�st, nd n to princip�•, P n �f {Sayment of the�ecured debt oacun for eny ret¢on,It wlll
<br /> not r�duc�or�xcua any�ehsduled p�yment until t o��e�l�b�a}D�;��*!�� � '
<br /> 1.Cl�kn�A p Y n�t TNt�.Borrawn wW p�y dl t�x��.�ts�um�nti:'1hd otMr eM�►�lbut�blo to th�p�ap�ty wMn du��nd will d�tend tltl�
<br /> to tM prop��ty ap�Intt�ny cl�im� w h lo h wou l d i m p n k t M I i�n o t t h l�d��d o f w s t.L s n d�r ma y rs quin Borrow�r to u�tyn �ny Hpht�,cldm�or
<br /> d�t�m�s which 8orrow�r m�y h�ve�p�inct pertlss who suppiy I�bor or m�t�ri�l�to Improv�or m�lnt�ln ths propuqr.
<br /> 3.kuunnc�.Borrow�r wlil k��p tM p►op�rty Insund und�►u►m��cc�pt�bb to l.�nd�r�t Borrowe'� �xp�ns�and tor Undn'i t�n�fit.All
<br /> Ineurence pollciss�hall Includ���t�ndard mortp�pe cl�use in t�vor of Lender.Under wlll W n�med at loss p+Y��or�s the Intund on any such
<br /> or�to tM sicurid dibt If Linde riquk,i�morty pi In��urencitt�6orrowlill��ss o'miintaln iuch Imurincs fcr is lonp ws Le��idersriqulroo op�rty ¢
<br /> 4,prop�ty.Bonow�r wlll k��p ths prop�rty{n qood conditlon tnd m�ke all rsp�irs rusombiy neaasuy.
<br /> 6,Exp�n���.Borrower•pre�s to p� a!I ltnd�r'�expuntes,ineludinp re��onabN attorneya'fee�,lf Borrower breake any aovmanta In this d��d
<br /> of trust or in�ny oblip�tlon s�cured�y tMs dead of trust.Borrower will p�y tM�e imount�to Lendar u providsd In Cavsrnnt 9 oi this d��d of
<br />: trust.
<br /> e.Prior BssuritY Mt�nm.Unle�c Borrow�r first obtdna Lender'a written con�er�t,Borrower will�ot make or permit any chonpea to�ny prlor
<br />- eecurity i�t�nsta. Bottow�r wili porform atl of Borrower'e ablipationn under�ny prior mortgepe, deed of trust or ather�ecurity apresment,
<br />_ inaludinp Borrow�r'�covenantt to m�ke p�yments whsn due.
<br /> 7,/►tsl M of R�nts�nd hofita.Bortower assigna to Lsnder the rente nnd profits of the property.Unteet Borrower�nd Lander have apre�d
<br /> otherw�e in writinp, Borrowtr may coliect�nd nt�in the rents ��lonp�s Bor►ower Is not in default. If Borrower dsfauln, Lendsr. Und�r's
<br /> agent, or�court appointsd ucstva m� taks potassion and mmego the aoperty end collect the rents.Any rents Lsnder collects�hall be
<br /> niciisary rititsd ezp�ni�i f The rem��nin�pe MmoPunt ot renta w�l then�ppN to p�iymmt��on the iicursd dsbt i�prov dsd In covenint�any oths►
<br /> S.����=Cp�do��x�u�pan��!Uni4 pw�{oprt��q.Borrowx a nes to comply with the provi�bns of any le�ss it thb ds�d ot trutt Ia on
<br /> undir thn°e�covenenti by lawauor iepul�tbns of ths co�n�dominlumm w pls9�,:a�d�velopmentnt,Borrower wlll p�rform all of Borrowsr'�duti�s
<br />= peHor�m�the du�is�«o�causs t�m t 6e�owrme�f Lende,t miy�abe�onowai�mme Qorr sYe�y�mount�f�necaiwry f arf peiformini�Ifiny
<br /> sscurity intiriat In ths�p�opertyaThii�m,y includi comrplitiny tii�conatructi°�m�nner, Lendar m�y da whatever la ncceisary to proteat I.�nd�r's
<br /> " Lende:'t failuro to perform will not preciude l.ender trom exerdsf�p my oi Its other riphts uader ths I�w or tNs de�d of truat.
<br />= and wl I bear�inteirest iromde�tdale�of t�e�peymsnt until paidtin full it�thi Inteustdite In�eftectdon the iscurud debt unte will be due on dsm�nd
<br /> – 10. D�iwk aod AccM�ration.If Bor►ower tails to maks any payment when due or breaka any covensnts under thls deed of tru�t or�ny
<br /> oblipation a�cured by this de�d of trust or eny prbr mortqap� ar dsad of trwt, Lsndsr m�y�ccel�uts tM m�turity of ths s�cured d�bt and
<br /> dema�d immadiata psymeM and m�y invoke the powsr of sal�s�d+nY other remedies psrmitt�d by�pPUcabb law.
<br />➢ i»raRo:��'��i�f�d:c:ot s a h�Ipcssc�rtro syR tq}�h he��!e c�P�es of ths notices ot dehult and nle b�se�t to each p�rson who 1:� perty
<br /> 12.PowK of 8�.If tM Lender Invokei the powu of uls,ths Trusta ahd fint record In tt»offla of th�repittsr of dads of�ach county
<br /> whsrein the trutt property or�om�pan or petcel thsreof is tituatM a notic�of d�feuit cont�inina th=�in aatdm=t�i ot�4�D°rtoni�ia p�r•uib�d by
<br />= shall al�o miil copi�s of the notia of defauk to the Borrowv, to sach perun who is a party he s not in�ny
<br /> appliaabis I�w. Not less thsn ons month after tM T�ustee rscordi th�nodee of d�fault or two montht if ths uu�t proparty 1
<br /> InaapontM city a villsp�and is u�sd in fnminp opentions carrUd on by th�truitor,tM�'ru�ts�ahdl piw publio notles of sal�to tM p�raons
<br /> and In ths mann�r pn�cribed by�apppllubls I�w.Trust��,without dem�nd on Borrow�r,�hall ull the p►op�rtY+t Publla wotian to tM hiph�st
<br /> bWd�r.If rpuirsd by th�Farm Hom�stud Proteation Aot,Truste��hdi offer the property in two sep�rat��ale��� nquked by�ppllabl�I�w.
<br /> TrustN may postpone��b of�II a any psrc�l of ths property by public announcemant et ths time md pl�c�of any prevbusly schsdulsd ul�.
<br /> i.�nd�r o►it�deabnse may purahue the prop�rtlr at any tde,
<br /> Upon nc�lpt of paym�nt ot the ptks bkl,Trwts��hall ddiva to the purchatK Truttee's dsed co�veying the property.Th�ncitl�is contsitNd in
<br /> 7rustN's r1Nd shali M(xtma f�cie�v(dlenc�of the truth of the st�tements contain�d th�rsin.Trustee shaM epply th� procnds of tl»eale in tl»
<br /> folbwiny ade►: (�f to alt expentea of tM ssle, Includfnp, but not Ilmitad ta, rea�on�bls Truate's iNS, nuombl��ttnrney'a fee� and
<br /> ninstatsment t�a;Ib)to all sum��scured by this dsed of trutt,�nd!o)the b�larsce,(f any,to ths p�nons I�palty entitied to racsivs it.
<br /> 1�,poacbNx�.At Lsnder's opifon,thii deed of tru�t may be farectocad in ths mannar provide by�ppt�c�bl�I�w tor fonclosun ot mo►ty�p�s
<br /> on real prop�rty.
<br /> 14,Nwp�mlon.Lsndx m�y�nter the property to Inspsct It ii Lender pives Borrower notfcs betoreh�nd.Ths notics mu�t tt�te tM n�sonabl�
<br /> c�us�for Lendsr's in:peation.
<br /> 16.Coad�nn�tlon.Borrower asstyns to Lender theproc��ds ot my awerd a cteim for damaae�s conneated with a condsmnattan or otixr t�kinp
<br /> of dl or�ny part ot tM properly.8uch procesd�wlll bs app�isd a provided In Covemnt 1.7Na aadanm�nt ia subJeat to ths terrns uf any prlor
<br /> s�ewky��em�nt.
<br /> 16.Walwr.BY sxerolsin{�eny remedy�vali�ble to Lender,L�nder does not qive up any riyM�to later uB��nY othsr rem�dy.By nox exarctsing
<br /> any remedy upon Borrower'�detault,Lmdsr does not waive any ripht to later con�ider the event a defeutt if it hspps�i ayiln.
<br /> 17, .loh�t�nd S�vKal Lt�p�y�: Co•aipf�n: 8uansson �nd /N�iound• All dutiaa under thlt dead of trust are �Oint md several.A�y
<br /> Borrower who co-sipn� thla deed of uust but does not co-stan tM unduiyinp debt Inst�umentU) do�� eo only to a+nt��d conv�y th�t
<br /> Borrower's interset tn the propsrty to the Truatse under ths term}��of thl�deM of trust.In addition,�uah�Borrower�pran th�t the l�ndsr�nd
<br /> dibt withou�t thit�eorrowei i�con ent i duwithout�elseri noh at$arower�t om tM terms of this deed of Vusi this deed ot tru�t or the secur�d
<br /> TM duttei�nd b�iHflta of this deed of trust shali bind and beneflt tha iuccettort�nd aaslyns of Lender and Borrewer.
<br /> 18.Notlw.Unleu otMnvls�requked by law,�ny notice to Borrower ahell M yiven by deiivering it or by m�llinp it by eenititd mell addreued to
<br /> Borrowrr+t tM pro addrese or �nY other address that Bortower h�s dven to Lend�r. Barower will plvs any notice to Lender by c�nifi�d
<br /> ? bi sent to�ender'a addrees is at�tedfon�p pe t o}th s deed of Vu{it��er addres�which Lender has dsRipMt�ed.Any other notle�to Undu shall
<br /> Any notia s�all be deemed to hevs b�en plven to Borrowsr or Lender when piven in the manner steted above.
<br /> � 19.Tr�wf�r of tM Prop�rty or���11a�r�Me�st in tM 1o►row�►.If ell a any part of t�e propertv or mY Intereat In it is aotd or trernferred
<br /> i� without Undsr's prlor written consmt, Lender may demand Immedlate p�yment of the secured debt.Lendsr m�y eho dema�xl immedfate
<br /> � demindtp�ymsng in the aDiove altu�tioni if It li��ohib ed by federo taw ss of tM date ut thii deed of truit��sferred. However, Lender msy not
<br /> ••a
<br /> — 20.R�aaiwyM�e�.When the obligatbn necured by this deed of truat haa been pald,and Lender hes no turther obligetlon to make e vencea
<br /> under tM In�ttuments or�areemente�ecund by this deed of truit,tM Trustee shell,upon written requoat by the lender, reconvey the truat
<br /> prop�rty.The L�nder ehsll deliv�r to tM Borcower,or to Borcnwer's sucaeuor In interest,tho truat deod and the note or other evidence of the
<br /> � obhp�tipn�o�eNsfied.Borrowar�hall psy eny rocordation coats,
<br /> .-- � �... l4.� ....11l.v. � nnn�n/ 1!u
<br /> -��1 Z1. SY6CBi0! T1L�tN. LCfIdQf,at Lender's option, t11�y fQMOYE INeiee end appoini o diiGa.0000: �"'. r .• •• - - -
<br /> ;� substitutlon of truatee aa requtred by eppllcabie I�w,and than,by f0in�the eubatitutfon of trustee ta recad in the ofl�e of the iepfatei ot deeds
<br /> iu¢caed to sll the power tdut esa�utholt�y end title ot the Tuatee named�in�ihe deed of trust�end of eny�e oce6aor trustee,of the property,ahall
<br />' rp,y.2 ot?i
<br /> �ANKERS 6Y6T1M0,1NC..6T.ClOUD,MN E6701 11•E00•��7•7J�1)FOHM OCP•MT4Nf 6118/91 ^
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