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<br /> / COVENANTB 9?'r 1��19 `-
<br /> 1, PoYm�►t�. Borrower �pre�� to mnke eil ppp���yyy nt� �n�jh� ��cunA d�bt wMn dus. Unle�� Borrow�r md lendar �pres oth�rwia�, a�y
<br /> p�ym�ntr Lend�� ncslvu f►om Horrowu or���r'1 b�triflt 4r111 ti� sd flnt to�ny�mount�Borrower owe�on th� aecured d�bt
<br /> ri
<br /> �xcludv�01 Int�r��t or princlp�l,s�cond to Int e�t, d then to�pt(nalp��.If pn Isl prepiyment�i the tecured debt occun for eny re��on,It will
<br /> not roduce or excu��any�ch�dul�d p�yment tll t 1holfr�d d�bt I�p�id lr�fu�l,,
<br /> 2.CINm�Apalnat TIM�. Barower wlil pay all tsxei, aa�essment�,and ot�er chwp���rirlbutable to the property when due and wlil defend title
<br /> to th�prop�rty■p�Inat any clalma whtch would Impalr thn Iien of thf�deed of tru�t.lender m�y requin 6onower to s�clpn�ny rlphts,cl�lm�or
<br /> defen�e�whlch Borrowar may hsve epNmt p�rtlat who tupply labor a mete►Id�to Improw or mtlnt�in the property.
<br /> 3.Mtunna�.8ortow�r will ka�p th� property Intund under tatm� +ccept�bte to Lendo�t Burrow�r'��xpm���nd far L�ndu'� h�n�fft.All
<br /> in�urence poilclen rhall Includa e atandud mortg�fls�lauts In tavor of l�nd�r.L�ndsr wlll 6a mmed n lo��pay��or a�th�Insund on any�uch
<br /> orato thi sicurid debt�If Undiriiqulr s�mo�itp�p�Ina�u anco�t Boriowa�apre�eirto�matnUln�tuchhnsurincetliVr ea lonp�as Lendera oqulroy�rope►ty
<br /> ; 4.Prop�tty.Bo►row�r wfll keep the propeny I�yood conditton and m�ka all rbp�lra rea�onably necessery.
<br /> '...r�`�'r p �-.
<br /> """' ��� of tErui or�n�y�obllgetlan securedYby thli desd ot trutte��orrowernwil�piy theie emount to Lenderis provlded kn Covenant 9 of thlohdead of �
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<br /> trust. --
<br /> 6.Pda 8�cudty int�►nU,Unlsss Borrower fitst obt�im Lender'�wrftten coment, Borrower wlll not m�ks or permlt�ny chmpes to any vrior �-
<br /> � ; eecutity interes��. Borrnwa wlll perform all of Borrower'n oblipetiqne under eny prlor mortgage, deed of Vust or othar security apresm�nt, _
<br /> � i includlnp Borrower's cownant�to make paymont�when du�.
<br /> 7.AsWonrt�t of R�nts md Profltr.Barrowsr�stigns to Lender the nnt�and proflt�of the prop�rry.Unlecs Borrowar and Lsndsr hws�preed _-
<br /> otherw(is in writinp, Batrowar may colleat and rotain the rent�es bnp�s Borrower Is not in defeult. If Bortower defaults. Lender, Lender's _
<br /> apent,or e court eppoinud racsiver mev t11ke possesslon and man�pe the ptoperty and coiloot th�rent�. Any nnta Lendsr coliects ahell be
<br /> applied itret to thn coete of inenspfnp the property, Includiny court coste snd ettorneyn' fees, commisaions to rental apents,and�ny other
<br /> necetsory nlatsd expsnstt. Ths remaininp amount of rsnt�wfll thsn�pply to p�Yments on the aecured debt si Ixovided In Covenent 1.
<br /> � S.L�oldr CondonNNumsi Pl�nn�d Un(t D�vNopm�nt�.Borrawsr� rees to comply with the provlilone of iny ls�se ii thla daed of tnut i9 on
<br /> '' �ndsr the�covenanti by liws,uor repuintlons�of the condommium or pli�ned unit davetopmentnt,Borrawer wfY perform �II of Borrowsr'�dutiea
<br /> , � � 8.Authority of l�nd�r to P�rforrti fa iorcow�►.If Borrower fails to pertorm any of Borrower'�dutlss undu thia d�sd of trust, L�nder m�y
<br /> ,;,,:y per(orm th�dutfea or cau�s them to be performed. Lender may siyn 8ottow�r's name or pay any�mount if necsiury tar pertam�nc�.If any
<br /> construntlon on theproperty It discantinued or not carried an in a re�ao�able menner,Lender may do whatever is necess�ry to protect l.endsr'a
<br /> , security int�rsst in tho ptopetty.This msy Include completinp the conttructlon.
<br /> . -�. Lender's i�flure to perform will not preclude Lender from exercising any of its other riyhte under the I�w ar thi�deed of t►utt.
<br /> �� � and wi�il beir Inte�reat fro�m the daie�of the payment untfl paldtin full a the Intersattl ate In�eNeci on the secured debt unts wilt bs due on d�m�nd
<br /> � 10. D�fauit Md AcoN�rNlon. If Borrower faili to meke �ny piyment when due or Meaks any covan�nt�under this deed of trutt or �ny
<br /> # I dsm�ind Immediiti pay hmint�nd may�tnvoke ths p�ower of iile aedr any othei remsdteidpermittad by�ipplicible I�Mrurity oi the aecured debt and
<br /> ��_ i 11.R��w�2 ior Notlt�of D�fault.It ia hereby requeated thet copiei of the noticea of datautt end a�te be sent to e�ch person who is e party
<br /> ��wr�;wr ihe eddress of each auch person,aa set forth hereln.
<br /> 12.Pow�r of Sde.If th�Lender invokea the power of sele,the 7ruitee shall first record in the office of the repistar of dneds of e�ch caunty
<br /> � �� wharein th�trust propertY or soms paR or parael thereof la eitu�ted��otice of defautt containin ths inlorm�tion requirad by I�w.The Truste�
<br /> shall also meil coples of the noltce of defauR to the Borrower,to e�ch person who is s party�ereto,�nd to other peraons�e pre:cribad by
<br /> appilcabie taw. Not less than one month efter the Truatee record�the notice of defsult,or two months it the trust property Is�ot In eny
<br />'_;,;,. . Incorporated city or viliaqe and fs ueed In farminp operatiom canied on by the trustor,the Trusbe ahNl prve publla notice of aale to ths persom
<br /> and in the manner prescribed by appplicable lew.T►uttee,wlthout demand on Borrower,ahat!sell the property at publio tuctfon to the hiyhest
<br /> Didder.If required by the Farm Homestead Protection Act,Trustea ahatl oHer the property in two separate edes as required by applicable law.
<br /> Trustee may postpoa»sib of aIi or any parce!of the property by publio�nnouncement at tho tkne�nd plsc�of any pre►•�oucly toMdulad s�ts.
<br /> Leixl�r w tt�dssipnee m�y purchns the property at my sale.
<br /> f.�'�s,p� '�' Upon ncNpt of peYmsnt of t prics bid,Trustee ahall dsUwr to th�purohaser Trutt�s's d��d conv�y�nD the propaty.TM ruaitirir ovni�i�wu iu
<br /> Trua�e's di�d shall be qlma�iais svidlence of ths t►uth of ths�tetNnent�cont�tned th�rein.Truste�snall apD�Y tM proceeds of the sala�In tM
<br />- ' s� followkq ordsr: (a) to UI �xpantes ot ths s�N, Includinp, but not I(mit�d to, nason�bls Trust�s's teeb nasonabl� attotnol/� tse� rnd
<br /> �'ff-•••••� reinst�tement fesr,(b1 ta�11�ume secursd by thl�de�d of trucL,end Ic)ths bdance,it any.to the peraooa Iep�ily entftted to recelv�it.
<br /> -" `'�� 1S.Fa�elorur�.At Lenda's optlon,thfs deed ot trust mey be foreclosed in the m�nner provide by�pplicsbU law tor toroclosure ot morty�ya
<br />-_`-''""i:`. on rsal propKty.
<br />-=-..�s�srr.�a
<br /> `=�P''��'�`-�� 14.ku Lender mey sntsr the properry to inepect tt if Lender gives Borrower notice beforoAend.The notics muit state the ree:on�bN
<br /> �°`'j - ^ cause o�er't insp�ction.
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<br /> :==:�r� 16.Cond�mnatlon.Borrower�sdpns to Lender the proceeds af eny�ward or claim tor damaQ es connected with�condemnation or other takinq
<br /> '=^'�_�� of all or any p�R of tha property.Such proceeds wfli be applled as providsd tn Covenant 1.Thb�ttqnment it subJect to the t�rms of any(xlor
<br />=n _, .
<br /> :. r� aecurity�prosm�nt
<br />_ ._;�,.w •
<br /> :..ii'"� 16.Wai�K.By sxsrcfsinp any remedV avallabie to Lendar,Lender does not qive up any rlphts to i�ter we any other ramedy.By not exercisinp
<br /> _-_.:�ft� any nmady upon Borrow�r'�dsfault,Lendar does not waivs any ripAt to I�ter consider the soent a defauR i!ft happans apein.
<br /> _�S.�
<br /> - � 17. Jok�t�nd SwKM ��b1Nty Co•stS�ra: Bucc�+�nrs �nd AtNpN llound. Ail duties under thii da�d af trust are Joint and �wsni. Any
<br />— � Borrowsr who co•sipn�this desd uf trust but doei not co-sipn the underlvinp debt Insnumsntl�) does so only to yr�nt �nd conwy thu
<br /> T,•;�=�"- Borrowsr'�intere�t in tM ptaperty to the Trustee under ths te+ms af thts deed oi trust.In addition,aueh� Borrower apre�s th�t tt�e Lend�r and
<br />�f�?oa'�'�•' eny othu Borrow�r unda this deod of vuat mey exten�,modi�y or maks eny othsr changns in the terms of this deed of trust or the secund
<br /> °� �;;5y�:=•,r;,.�.� ;; debt without chat Borrower'�conaent and without rele�sinp that Borrower from the terms of thit de�d o}truat.
<br /> �,�,,y� � The duti���nd b�nefits ot this desd of trust shdl bind a�d 1»nsfit tM auccestors and asdyns ot Lender end Borrower.
<br />-_ ' '���p;�`,•';;
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<br />-�:;.; �:.:;^�� ta.Notk�.Untew otharwiss requlred by lew,�ny notice to BorrowH ehall be yiven by delivsrfny it or by malllny it hy certifled mafi addnttsd to
<br /> - •�, ;� Borrower at the propsny eddret�or any other addrsts th�t Borrowe h�i piven to Under.Borcowu w�l piw any notice to L�ndtr by a►tiH�d
<br />�-",'� " mall to Lender'o�ddrsst on pays 1 of thia desd of tru�t,or ta my other addrost which LenoSer has deaipnated. Any otMt natla to Lendu sh�ll
<br /> .• be�ent to Lender's�ddnss�s ststed on pspe 1 of thie deed of truat.
<br /> ', .�,, Any notice�hall be deemed to havs been piven to Borrower or Under when pfven fn the manner stated�bove.
<br /> 18.Tamiw of tM PropNty or�B�m11ci�Ut�r��t In tM 8ortowK.If elt or eny part ot ths propertv a a�y Interest In It Is sold a transterted
<br /> ' .�`���� without Londe►'s prior written aonaent, '.ender may demend Imm�diat� paymsnt of ths cecursd debt. Lendtr mey also d�mand {mmsdiate
<br /> `)� payment it the Borrower Is not e nstural peraon and a beneflcEel Interost (n ths Borrowe� ie aold or tramfened. Howeve�, Lender m�y not
<br /> • d,' demand p�ymsnt In the�bove aituationa if It fe prohibited by federal law ea of the dete ot this desd of tcu�t.
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<br /> �� 20.R�conv�yanc�. When the obllpation secured by thfs deed of trust hes baen pald and Lendar hss no further ob�tg�tion to mak� advana�
<br /> '��` unGer the instruments a epreements cscured by this deed af uust,the Truatee ehelf, upon wrttten r�dusst bY tt»Lender, reconv�y tM tru�t
<br /> �+5����� property.The Lender sMll dstiver to the Borrow�r,or to Borrower'e successor tn interest,tho trust deed and ths note or otMr evidence ot tM
<br /> "�"" ` obiipation�o satl�tied.Borrawer ahalt pey any recordation coste,
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<br /> .._. __.__ ._.._-_ . . . . � . . _ .�_. _ _. ��__��� `.����� r.. u��� ��[\L� � ����. �t LL�
<br />� � -`�"r�� Z�. Succtisor TnistN.LO�WQIr OZ LQIHlE►'6 Opn Ofl� ma (RRWVO �ft1R00 �n0 �p{lttau • swoe��v� wv��w v� u��a� �uomry w wp� v� a.�o
<br /> �' 4 aubstitutlon of truatee�s requVrod by app�icsble law,and t�ien.by fiYn�the cubatitutlon of trust�e fw►ecord In the off'ice of the rapister of de�di
<br /> of each county in which the truat property,or some pert thereof, b R tuated.The succeator truntee, without conveyance of the propeny,shdl
<br /> succeed to ell the power,dutles,euthority and title of the Truatee named in the deed of t�ust and of eny�uccessor truatee.
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<br />. � DANKEIIS 6Y8TEM8.INC.,ST CLOUD.MN 66301 It•l00�897•13�11 F01iM OCP�MTO-N!6/ib181
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