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<br /> "���.`•`"`i� COVENANTB g,•� 1V I�8
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<br />-`="'��`r 1. ��yrn�nt�. Bcrrow�r �yn�� ta mtk� tll p�ym�nts on th� s�cur�d dabt whm dw. UnUn Borrow�r aM L�nd�r apn� ottN►wiw, my
<br /> •"�"���� p�y�ru�.lmdru ul�uwa.t�o�y Borrown or tor Borrow�►'�1»M11t wlll b��pp8�d first to any amouM� Borrow�r ow�s an th�tscund d�bt
<br /> • ' , �,�a�cltl/iy�otU►t�(rst.w p(k�c�lp�la��cand to Intx��t,�nd tMn to principd.If p�rt1�l pnpaym�nt of the��cured dtbt occure for�ny ro�tan,It wlll
<br /> ,,,,,� .y- � I���A)t'todu4�q'�G�+��d��y�cqrd I�d p�ym�nt until ths ucur�d d�bl I�ptld In fuil. �
<br /> ' � 7.dlNMw A/r1�Mt�}Ik,Borrow wlll p�y�II t�x��,��ustmrnt�,�nd otMr ch�rpn�arlbutaM�to ttvp�op�►ty wh�n du�md will d�f�nd titla
<br /> `.k•� ' • to th�prop�rty�0�Mxt wey el t whloh wouid Imp�k tln INp of tN�9�d o}tru�t.L�nd�r m�y►equ��Borrow�r to��tlpn my riphn,cl�lm�o►
<br />, d�hns��" whidh 6orrow�i m�y hw��p�lrnt pMtl�s who wpp�y I�bor a m�tul�U to Improw or m�InUln tF►�prop�rty.
<br />;,,�q ` „ 3.NNw�na�� Borrow�r wlll kNp tM propnty Imund unda t�rm� atc�pUbl�to Lmd�r�t Borrowe'� �xp�nw �nd (or l�ndu'r MrNfit,Atl
<br /> Imw�na poNcl���Mil IncNxi���tmd�rd mo►1q�clau •In favor of l�nd�r.L�ndu wlll t»nwn�d��lo�s p�yN or��tM Insw�d on my tuch
<br /> inwr�nc�pallay.Any imur�nc�proc��d�m�y 6��ppII�, withIn L�nd��'� dl�cretlan,to dthsr tM n�tor�tlan or rspdr o}tM d�m�p�d propKty -
<br /> �,,,�� ' o r t o t h e e e c u►o d d o b t.I}L a n d e r r e q u l r e e m o r t p n pe�n�swnnce, 9orrower e preee tn melnteln euch Insuranc�for s�long��Undn nquln�. �
<br /> 4.hopKty.Borrow�r wlll k��p th�prop�rty In pood eonditlon�nd mak��II npdr�nnon�hly Me�ss�ry.
<br /> � 6.Exp�nta.Borrow�r�pn�s to pay�It Und�r'��xp�n��� Includlnp msomble�ttorney�'fee�,If 8arrovysr breek�arry covin�nt�in thla dnd `
<br /> of tru�t a In any obtlpatlon sscured by thlt deed of tru�t. �orrowe wlll p�y thae amounu ta L�nd�r st provided in Covemnt 9 of thl�d��d of
<br /> ' �. Ltuft.
<br /> S.Pi1ot 8�c IMK�au.Unleu Borrower fint obtain� Lender's wrinen coneent,Borrower witl not maks or permlt �ny chenyn to my prior
<br /> � : ' :� security Int�re . Borrowsr will pe�form ell of 8otrowsr's obliyetb�t undsr any prlor mortp�pe, deed of truat or other tecurlty aprOemeM,
<br /> •� � inciudtnp 6orrow�r'a covsnants to maks peyment4 when dw.
<br /> `-.�'•!,��..
<br /> "�' 7.A t of R�nta�nd Profks.Borrower�ssi8ns to Lender the rents and profit�of the property.Unless Borrower and l�nder haw sqrsed
<br /> 4�' othsrvv�e tn writinp, Borrower may coliect �nd nuln the nnts�t lorp at Borrow�r i�not In default. If Borrower dei�ultt, Und�r.L�nd�r's
<br />,��,'.. �
<br /> ap�M, ar�co�xt appointed ncaiv�r may Uk�ponos�lon md m�nap�ths property and coibct tM rsnt�. Any rsnts Lend�r eollects th�N be
<br />' �'�: ;�� �ppli�d tfrst to Ua coau of man�pin0 the propeny, includin caurt co�t� �nd attorney�' feu, commissiom to rontal�p�nts,and �ny otMr
<br /> �s� neceuary nlated sxpens�s.The remafninp amount of nnt�wRl tMn appiy to paymsnts on ths�ecured debt as provtded In Cov�n�nt 1.
<br /> '�iui.
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<br /> -=_-•�`'� !.L�u�h W d�•C o n d a�wi PlMwwd UnR Owd o p m M t�.Borrow�r a ���to compty with tM providons ot any I�ae If thii de�d of Vuat It on
<br />=`�i,?'r•a.
<br />�*ti�ci"'�r under tt�ro covenanti by lawi�uor reputatiuns of ths condominium or pl�nned unit developr�nPsntnt,Borrowsr will psrform all of Borrow�r'a dutks
<br /> :;�,'�,..-:,
<br />'._ ��;.� 9.Authaity of L�r to Peform tor Bu►oww. If Borrowor fail�toperform any of Borrowa's dutiss under tfiis de�d of trust, Lend�r may _
<br />•f;,;:..t�b � perform ths duti�s or oauss them to b�pnformed.Lendsr may sipn 6orrower'a nams or pay eny emount if neceseary for psrform�ncs. If�ny
<br />"''� .�� � sec�ty intersst In�the propertydThisnmay Include compl tinp the consuuctionmanner,Lender m�y do whatever Is neces�ery to proteat LsndN's
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<br />-.?i�:v'. Lendar's failuro to perform wftl not prtcluds Lender irom exercisin9 any of Its other rlphts under ths law or this deed of trust.
<br />�'�� Any amounu paid by Lender to protsat LendeYs security interest will be securod by thit doed of truat.Suah amounts will be due on dem�nd -
<br />'`=a:, and wi{I bs�r intars�t from the dsts of ths payment until paid in full at the interett rats in effect on ths aecured debt.
<br />?_°;";`�r�4�, ,; , 10. D�fwit and Ae�N�ndon. it Borrowe talls to m�ks any payment when due or breaks any covsnmts under this drod of uun or eny
<br /> .;�t�,: ..� abilyation acursd by this deed of trust or any prior morty�pe or deed ot truat, Lender mey�ccelerste tho maturity of the securod deht�nd
<br /> , � demand Imm�df�te p�yment and may Invok�th�powsr ot ale and any other romediee permitted by�ppilaable I�w.
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<br /> �arrrE�,� ��,pNqwn�Notle�of D�huit.It is hereby requsated thet coples ai the notices of defauh�nd wle be sent to esch penon who ir a p�rty
<br />`��=-�',r horeto,�t the addrsa of each such ps►san,at set forth hereln.
<br /> --�,�)7�. �
<br /> "-=_-�t;�� 12.PowN of 8�1�.If the Lender Invokes ths powe�of aale,tne 7rwtes anau nnt ncora in tia offics of the ropister oi d�sds oi wcn cuuniy
<br /> whereln th�trust prop�rty or�oms p�rt or pucel thsreof(s�ituated a ratice of def�ult contaldnp the Iniormatlon requlred by law.TM Trustee
<br /> shall al:o m�il copNs of the notice of default to the Borrower, to eaoh perton who la a parry hereto,and to other pnaans atpreaarlhed by
<br />---°"3�� appllosble I�w. Not le�s then ons month after ths Trustee �ecords ths nodce of defauk w two month� (f ths trust property is nat In�ny -
<br /> � — incorpontad clty or vHlaps and is used In fsnnfnp operatlom aarrled on by the trwtor,the fruttee ahNl pivs publio notics of ssle to tM p�nons
<br />-_•=-���� and In tM manner prescrlbed by�sppplfaable Uw.Trustee,wichout demend on Borrower,shaA iell tM propsrty at publlc auctlon to tM hTphsst
<br /> - _----- bldd�r.I}requirod by the Farm Nomastsed Protsatlon Act,Trustee sh�A offer ths property In two sepsrats��les n roqwnd by�ppllc�bts law.
<br /> -_---- Trusts�may postpon�als of ell or�ny percel of ths property by publlo announcement�t the tlme and pl�ce of�ny previously teh�duNd f�le.
<br /> ----- Lmd�r w tu d�slprne may purch�se tn�property�t any�aN.
<br /> Upon r�lot of pavm�nt of tM prlc�bfd,Trwt���hdl dNtv�r to ths purehnv Trustu's d��d conv�yln�th�prop�►ty.Ths r�eltlNs contain�d In
<br /> TrustN'a dNd sh�Il be prlm�t�ck�vldlence of ths truth of the st�tements conteined thersin.Trustee�hall apply the proce�ds of th�t�k fn the
<br /> --— folbwlnp ad�r. (�1 to �II expsnass of the �ele, Includlrp, but not Ilmltsd to, rossonable Trustee's fee�, rssso�abb �ttornsy's f�e� and
<br /> � nlntUt�m�M iMr,(b1 to all sums seeured by thls Ned of uust,and (c)the bat�nc�,It�ny,to th�p�tsons NS�NIy�ntitl�d to recdw It.
<br /> 13.Fonelown.At Lender's optbn,this deed of trust may bs toreclated tn ths m•rnner provlde by appllaabl�I�w for forsebsure of mortq�p�s
<br /> on re�t property.
<br /> 14.kap�odon.Under may sntsr ths property to Inspeot it If Lenda�plvs�Barower notics beforsh�nd.The notfes must nat�ths re�son�ble
<br /> o�u��tor Undsr's Inspeotlon.
<br /> 15.Cond�nr��don.Borrow�r astlpns to Lsnder the proceede of eny swud or cl�(m for d�ma �conne¢tsd wlth a cond�mn�tion w oth�r t�klny
<br /> — of�II or�ny p�rt of th�property.Such proceeda wlll be epplted ae provlded In Covenant 1. �e asslpnment Is iubJeat to the terms ot�ny pr(or
<br /> _ security�prwment.
<br /> 16.WNw�.By exerciatnp�ny remedy�wllable to Lender,Lender doeo not qlve up any rlphtt to later use�ny othsr ramedy. By not exerclslnp
<br /> any remMy upon Borrowsr's def�ult,Lender doss not waive eny tlpht to later conalder the eveM a default It It happens apaln.
<br /> 17,Jolnt and S�wnl LI�EWtyt Co-ilpnKS: 8ueeKSas �nd Aulpn�9ound. All duties under thls desd of trust �r�Jotnt and ssvaal.Any
<br /> 8or►ow�r who co•alpns thls d �d of trutt but does not co•elpn tM underlyInp debt Inst►umentl�) dosf so only to pnnt and conv�y that
<br /> Boaower's Int�nst In ths propsrty to tM Truitss under the terma of thls deed ot trust.In addfdon,wch a Borrower eprees thst the Lender am! -
<br /> - -- any other Barower under this d�sd ot tmst may extsnd, modIfy or m�ke any othsr chanpea In the terms of this deed of vust or th��ecured °_
<br /> '--- d�bt wlthout that Borrower's content and wlthout releulny that Borrower from tM tsrms of thls doed of 4�ust.
<br /> �--�--^�a�i 7h�dutlss md benefk�of thls deed of tru�t shell bind end ber»fIt the wccessorr and aulpna ot Lendsr�nd Borrower.
<br /> �:���
<br /> � 18.Notic�.Unless othe►wlss�equlred by I�w,�ny notice to Borrower ahall be ytven by dellverinp it or by meltinp It by cenHbd m�Il addresa�d to
<br />---°��' Bwrowsr at the pto�psrty addrese or anY otMr address th�t Borrower has Ivsn to Lender. Barower wlll ylve eny�otice to Lender by certlfisd _
<br /> r��..
<br />==�r-�«.�c. mNl to L�rWsr'��ddress on paye 1 of thls daed of tru�t,or to any other a droas whtch Lendu hss desly�eted.Any other notice to Lender thell
<br /> � De sent to Lsnder'��ddresa as�tated on pspe 1 of thls deed of uu�t.
<br /> .°•�,+�s� Any nottc�shalt b�deamed to havs been ylven to Borrower or Lender when givsn In the ma�mer stated ebove.
<br /> _�c-
<br />.--r�,[�:l� 18.Tnnat�r nt tlw Prop�rtY or�B�AdY Mt�nn In th�Bonoww.If alI or eny part of the property or eny fntereat In It Is sold or t�anaferred
<br /> wfthout L�ndsr's prlor written consent, Lender msy demend Immedlete payment of the aewred de6t. Lender may sleo demand Immedtate
<br /> . . deman�dt�e thanBln thWa ebove sltuetlona If fi/s6Orohlb ed be ederil law es of the date�of this d�eed�ot tru tansferred. Nowever, Londer may not _.
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<br /> ��•�� ' 20.R�conwyanc�.When ths obllgetion�ecursd by thls deed of truat has boen pNd and Lender has no further obllpation to make advancea
<br /> � undsr ths Instrumsnts or a reements aecurod by thls deed of truet, the Truatee shalf upon wrltten request by the Lender,reconvey the bust -
<br /> .�� prope►ry.Ths Lend�r shell�ellver to the Borrower,or to Borrower's suceessor In Interost,the trust deed and the note or other evldence of ths -
<br />'.•.�;b�' ri� obl�p�tlon w utfsfNd.Borrowsr shall pey sny racordaUon costs. -
<br /> ..��.
<br /> - '__,.:L,��_ 21. Suec�uor TruttN. Lender, et Lender's.optlon, maY remove Trustee and eppolnt a succeasor trustee by f(rat, meilinp a copy�of the -
<br /> _��-- suoa[itL�tion oi truzcse ss requireo oy eppiia�v�o wv,oi�G i�ron,ii uni ii�o iv�biiiviivi oi iPii6ivo ivi�04VIY i1�Uq V�tA Vi'�`.v:oy:i m v�vw.�.:
<br /> _ .. . • of each county In which the Vuat property,or some part thereo�,la s�tueted.Thc 5uccessor Vustee,wlthout conveyance of the property,ahall =
<br /> , • succeed to�II the power,dutlea,euthority end title ot the Truatee named In the deed of trust end ot any succetsor Vustee. -
<br /> • fAaye 2 0l 11
<br /> � -- BANKENS 6V8TEMS,INC.,ST.CLOUD.MN 6E701 It�l00•797•2��11 i011M OG��MTQHE Eit9lgt
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