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<br /> COVENANTS 97.� ia���
<br /> piymint�l nd�r�u�v�i�tro�m sorrownr a�r Poi Barrowei s Aenifit�widil 6ebipN�l dd fidiit�to sny emouMf Bon wer ow�s on tMtiieurid d bi
<br /> not r�duci or ixcusii�a���MduNd P�Yminttuntll Lhi i cwid d,bt li piid�in t�ull����p�Y�nt of th���cw�d d�bt occurs fa�ny ru�nn,It will _
<br /> Z.CIaMn�A�t .9d��i��IR� � �� �m�nts,�nd otMr Ch�rpe��ttrlSutabl�to th�prop�rty wMn dw�nd wlll d�f�nd titl�
<br /> to th�prop�rtY�pai Ir1nn1 Ibn of thi�de�d of trust.L�nNr m�y nquir�8arowu to�rslpn my rlphtb cl�lms or
<br /> d�f�rn��wMch eorr wn �V h�v� � PP�V���r a m�t�rlda to Improvs a m�intdn tt»prop�rty.
<br /> 3.���. B�o b�'����^��'� Ea �r terma ecc�pt�bb to l�nd�r �t Borrow�r's�xp�n�� �nd fa l�nd�r'�E�nNit.All
<br /> in:uronco policlns shn nelu.e e++tenderd"morttlag�c ause in tsvor ol Le�r.L�r�der wlll he mm�d a�loa�paye�or a�the Insured on�ny wch 6
<br /> irnuranco pollay.Any Insuranc�procNd�ma o�PM��:�m��ow�`ia:::o�miintNntiuch�niuranci for if lonp ai L��idir riqukii r�p��
<br /> or to tM��cur�d d�bt.If L�rd�r nquk��
<br /> 4,r►opMty.Borrowe►wfll k��p th�propertY In pood condition and m�ks all repak�n�sonably nscess�ry.
<br /> B,Exp�ns�s.Borrow�r�pne�to pay�II L��d�r's�xp�nea.Includinp reaien�bl�attorneys'i�es,It Bor►owsr hraeks any covemnta In thl�d��d -
<br /> of truat or In any ablipation sscursd by this Eeed of trutt.Bo►rower wiil p�y thsss amounts to Lendor ss provlded In Covsnont 9 of this deed of
<br /> auet.
<br /> 6,p�la S�curity i�rtK�sU.Untau Banower f3rat eblelru lender's written conaent,ea►rower will nat maks or permit any ch�npss to�ny priar
<br /> security intere�ta Borrower will p�riam �II of dorrow�r's obipatan� unclur any prior mortpape, desd of trust or othe��ecurity�preame�t.
<br /> includiny Borrower's covan�nts to m�k�paym�nts wMn due.
<br /> 7.A��t of RN�U�d Pro1ka•Borrower assipns to Lender tha rentt and profit4 of the prope►ty.Unissa Borrower and Lender luive agraed
<br /> oth�rvv se In wrftir►y, Botrower m�y coltect snd rst�in the rents as lonp�ti Borrower fx not In default. If Borrower ds4aults, lsnder, Lender s
<br /> ayent,or a court appolntad rscsiv�r ma tak� po�sessior and maroBe the property and aalleat the rsnt�.Any rent� Lsnder collects sh�ll be
<br /> nece�ssafry releted expenseif The rema1n1e0���mo�nt of rentc wflt thsn epply to payments on the cecured debt as prov ded in Covenant tany other
<br /> B.L�u�hoida•Condominiums;Planmd Unit D�w�opm�nts•Borrower apress to camply with the provlalona of any leata if thls deed of tru�t i�on
<br /> uodir tM�covenanti by laws,uor rspuitia i of ths eon�dom�Nuum or plin3r�d un(t d�iwbpmente.nt,BostoYier will pe�tam rlt of Bor�owsr's dutb�
<br /> g A�ry o}�M��o p�r(orm for{arow�r. If Borrow�r falis to pertorm �ny o!Bor�ower's duties undar thi�deed of uust,Lend�r may
<br /> perform 4he dutiss or c�u�e them to be performad.Lancier may si�n Borrower'e nartaa or psy any�mount If necsuary for perto►mmca.If any
<br /> sec uftV lnters�in tF»�op�irtyaThfi�m,y inctudi campleting Ms ccnitruotonmannsr, Lender may do whetaver is necosaary to protect Lender's
<br /> �endet's faiWn to psriorm will not preclude Lender from exsrciYinp�ny ot its other rlyht�u�der the Iaw or this dsed oi vuat.
<br /> and wiU bsir tn s�rsst tromds�ta�p;otf t�p�erir'�ant unt I�pAid In tufl it�ttx Interssttlite in efteot on thi secured debt unts will be due on dem�nd
<br /> 10. O�frdt�nd AeeMK�tloe. If Borrowsr falis to mAke eny paym�nt when due or b►sak� any covenants under this dead of trust or �ny
<br /> demind immedlate piymint and m y invoke ths power of�ele end my other remedlei permitted by ippiloah el ���,,,t,urity of the �ecured d�bt end
<br /> 11.p�queat for NoUa�of D�fwlt.It Is hereby requseted that copbt of the noticss of dafeutt ancl aeln be ss�t to each person who fs a party
<br /> fieroto,at tho addrsss of ucn such p�rcon,as sn iorth i»roin.
<br /> 12.PowK of S�I�.If ths Lender Invokss th�powar ot a�le,tf�Ttutte�shd�flrst reoord i�the oNic�of th�repi�tsr of d�ed�of eeoh county
<br /> whsnin tM trua prop�rty or sortw part or parcN thsreof la situat�d a notie�of dsf�uft aantelninp ttM inform�tion rrquired by I�w.Th�Trust�e
<br /> thall slso mail eopies of the notia of default to the Bartowe�,to each penon wha le e p�rty hereto,and to ather p�rtons�s pr�scribed by
<br /> �pplicabie t1�w.Not lsss thin on�month after the Trust�e record�the notice of daf�uit or two months ff th�trust property li not in any
<br /> Incorpo►eted dty or villp�and io u�sd in ta►minp opeaUons carried on py ths truator,ths'Fru�t�s shall qive publio notics of a�N to the p�non�
<br /> �nd in the m�nnsr pnscribsd by�pppifoabis I�w.Truae�,without dem�nd on 8orrow�r, shtli sell ti»propsrry�t publlc watlon to the hipMst
<br /> bldd�r.tf nquind by tM Farm HomeKsad Protsation Aot,Truatse�hsll off�r the prop�rty In two s�pant��d�s a�raqulnd by app►laeble Isw.
<br /> Ur►di�or�its d�iiiar�i�i miy purchu�thi propnrty at iny���by public announcsment at the tims�nd plsce of eny prevloualy acheduled�ab.
<br /> Upon receipt o}pa mant of ths prics bid,Trustse shsD Celiver to tM purcha�er Trutts�'�d�ed conveyi�p ths property.The recitisl�contdn�d M
<br /> Trust�e'�deed aha�l b�prim�taale�vidi�nc�ot the trutA of tl»statements cont�ined thsroln.Truateo sh�ll apply the proeads of the sat�in th�
<br /> iii sWiL,m�nti,s�,(b)to�sll sumi secu ed by thfs deed ottt ust uand(c)thetbatince,�tf�ny t�o t e p�ersoni lepeily entitlsd to reepiv�eYit,tees and
<br /> 13.Fonelo�w�.At Lender's optton,thls deed of trust mey be torcebsed in the m�nner provlde by eppliaab�a law for fonclo�ure of mortpaqu
<br /> on nd p►opurtY•
<br /> 14,Insp�ctlon.Lsnder may enter the propsrty to in�peet it if LstMer pives Borrower notlee betonhend.The notic�must sUt� the rsasonabb
<br /> caua for lend�r's insp�atbn.
<br /> 16.Cond�nw►�tlon.Bcrrower�ssip�ns to Lender theproceeAt of u�y award or cialm for dem�pes connected with a condemnatan or othar t�k�np
<br /> of�II or�ny put of the prop�rty.Such proceeds wlll be applied e�provided In Covemnt 1.7hia asdpnment i�subJsat to the terma ot eny prior
<br /> tecurky wre�ment.
<br /> iny rim,dy upyon Borrofwr�iYdefaultd Li�der does�rwt wiive any riqht to ate�coniPder ihe evont a defiultef It h ppene apilny �y�t exerclsinp
<br /> 17, Jok�t�nd S�vKal LI . Co•sipnKa: Suee�s�on �nd Asdp�s 6ound. All duties under this d�sd of trutt ars Jofnt and sevenl. Any
<br /> Bo�row�r who co•siyns thls de�d ot trust but doet not co-sign the undnrlyIn9 debt Instrumsnt(�) does to only to prant�nd convey th�t
<br /> Borrowsr's interest in the propsrty to the Trustee under the terms of thie deed of tru�t.In additton,such�Borrowsr agroes tMt the Lender and
<br /> my other Borrow�r under tht�d�ed of tru�t m�y sxund,modifv or m�ke any othe�chanpes In the terms of this deed of tru�t or th�secured
<br /> debt without th�t Bottower's con�snt�nd without raieadnp that Barower from the terms of thii deed of truat.
<br /> Ths duti�t and benefita of this desd ot trust shall bind nnd 6enetit the �uaceseors and aaeipn�of Lender end Bor�ower.
<br /> id.llotic�.Unless otherwise required by I�w,any notica to Borrower sheli be piven by deliveriny it or by me{ifnp tt by certitied mali addreased to
<br /> Borrower at ths properqr�ddrsss or enY other addre�s thst Borrower h�s qIven to Lender.Borrower wfil pivs any nottce to Lender by certiffed
<br /> meil to Lend�r's addrsu on p�p�1 of thi�deed of trust,or to eny other address whieh Lender hss deslgnated.Any other notice to Lender sh�ll
<br /> bs sent to Landsr's addresa as stet�d on p�pe 1 of this deed of truet.
<br /> Any notice shetl be deemed to have been qiven to Borrower or L.ender when qiven in the manner stated abovo.
<br />= 19.TnnH�r ot tM Prop�tty or�l�flci�l Mt�►sst M th�BorrowK. If ell or eny part of the propenv or eny fnterest In It is totd or transf�rnd
<br /> - without Lend�r's p►tor writtsn consent. Under m�y demand immedi�te payment oi the secured dobt. Lender mey elao demand Immedlats
<br /> demindtpeymiM inrthe above situationa if it�a p ohib ed by fed rallaw as of tlie daterof hfs deed�of trust�aferrod. However, Lunder may not
<br /> 2p,p�cony�y�nc�.When the obllpetion�ecured by thfs deed af iruat hee been paid end Lender hae no further obiitiatlon to make advancea
<br /> under th�imtruments or a0reements secured by thfa deed of trust, the 7rustee afialf,upon written request by the Lender,recanvey the truet
<br /> property.The Lender shell deliver to the Borrower,or to Borrower'�succetfor In Intereat,the t►ust deed end the note or other evldonce of tho
<br /> - obllpition so wtisfied.Borrower chell pey any recordatlon costs.
<br /> 27. Buee�ssor TrustN. LAnder, et Lender'a ootion, mey remc�ro 7rustee and a�point e succeasor truetee by tiret, malling e copy of the .
<br /> - subetitutfon of nuatee as required by epplicabie law,and then,by fJinq the subatitu ion of trustee for record In the office ot the reglster ot deeda
<br /> - of esah county In which the truat property,or some pert thereof,Is altueted.The successor truatee, wlthout conveyance of tho praperty,shail _
<br />�- �ucceed to ell the power,duties,euthority and title of the Truateo named in the dee�of trust end of any succeesor trustee. _
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<br />._;r BANXFRo GYRTCRi3.ItiC.,ST.CLOUO.MN 6E301 11 E00 347�27�11 FORM OCP AITOHE 8119l41
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