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<br /> • COVENANTB � �"`��
<br /> `• 1, pey�n�nt�. Borrower apra�s to maks Yp�yment� on tha eecurad debt when due. Ude�s Borrower'��i�er..11qiM�lbKvt�lr.�Y� R
<br /> r paym�nt�Lender receives from Bor�ower a for Borrower'e benefit wlil be npD��e`���►et to �cy �mounts wK�uv�R dn,� ���y�,y d� t -..
<br /> exclutiv�o}Interest or pHncip�l,s�cond to htsn�t, �nd tMn to prtnclpd.If p�rtial psp�ymwntof the secur depqoa�us�fp r hy r�litlh�t4�1�1,�
<br /> not nduce or excuse any schedui�d payment u�til the srtcured debt I�paid in full. �r r�61,4'ir 4�.i�A c. . Mw,�
<br /> �. -
<br /> 1.Cl�lrru Ap�t Titl�.Borrower wiil p�y d tdxes, �tte�em�ntr,and ottMr chrrpe��ttdbut�Gr to the property whin du�tnd wlll d�f�nd titl�
<br /> . defiiii wh�h Bo�rrowii miy�h�vi ayalnst�W i�who eupply��bor o�r matirlib to Im�ovs a�rtiilntsin th�prop trty��Ipn erty rlyht�.cldmr o► -,
<br /> � 3. In�ur�ne�. Borrow�r wlil kaep the proprty incured under terms�ccept�bt�to L�ndu it Boirowei'��xp�n�e md tor Lond�r'�6�n�fit.All ='"�.
<br /> In,urcnco poilclen ehMl inctude n etended mwtg+Be cUuss In favar o}Lender.Lender wUl bs rurrted ss lo�s payee or�t the insured on any�uch �`�'_`
<br /> Inturencn poliay.Any�nsurance ptoc�ods ra�y W spplted,within Lendei�discrotion,io aithu iha ru�torutlon or rapalr ot tho dameped p►operty �
<br /> � •�i' or to ths e�cund d�bt.lf L�nd�r nquk��rnatp�p�iru�unnc�,Borrow�r aprees to m�int�ln such inwranc�for�s lonQ��Lendor requlnt. _.
<br /> 4.PropNty.Ba��ower wili keep the propertYh pood conditlon end m�ke all rep��rs re�son�btyneeesssry. _
<br /> �� 8,Exp�nsq.Borrower aprees to pay aN Luder'�expenss� inctudiny raasonable attornsyi' froa.It Borrowe�breaks eny covenentt in thie deed -
<br /> J af tnut or In any obllpatlon secured by thi�deed of trust.�orrower wlil pay theae�mounta to lande►ee provided In Covenent 9 ot thia deed of
<br /> q + trust. �
<br /> � 1 8. Pria S�curitY Int�nsb.Unleas Borrowerfi�etobtains Lender't written consent,Borrowerwi7l not make or permit any changee to any pr{or
<br /> sscurity Intere:te. Borrowsr will perform 11 of Borrower's obligstlons under any prior monqrSe,deed ot trust or other security agruomont,
<br /> ' including Borrower's covenants to make paymentt when due.
<br /> � y.Asd t of RMts and P�otib. Borrowa acsipns to Lendur tho ronte and profiu of tha poperty.Unless B000wnr art�d Landsr have aprasd
<br /> "` otherw se In writinp, Borcow�r mey collsct�nd ns�fn tM nnt��a k►np�s Borrowsr li notin Gfeuk. If Borrower def�uRs.Lendsr, L�nd�r'i
<br />" ap�nt,or�coun appoint�d neelver ms nke posausion�nd m�nap�tho prop�rty and coG�t ths r�nte.Any nnts L�nder aolNct�shsq b�
<br /> �. � �pplied fint to the costs of mm�e��t�DraM►�l►�lneiudinp court eotts and attorMyn' fne,commi�sfont to ra�tal aAenta, �nd �ny othe►
<br /> r�ces�ary ralat�d axpenses.the rema ny rnount ot rants wm ttN��PD�V to p�yrtHnts an th��cured dsbt u provid�d in Cownant 1.
<br /> � ;� �.�������niu�ru;p��wwd ll�itp�yAopn�.Borcower aQ�e�s M comply with tM provtsbns of any kase I}this deed of truat it on _
<br /> a Isaahold. I1'this deed of trust i�on a udt in a condomintum or e planned unit dsvebpm�nt. Borrawar will peAorm all of Borrowsr's duti�n _
<br /> under the covsnanu,by-lawt,or repul�tiom of ths eondomfnium or plannsd unit devalopmsnt. •
<br /> • �� � g, ��y Q}����o p�rfartn ta BarowK.If Borrowe�f�ils to_pe�form any nf Borrcw�r'a dutNs under this desd of dust,Lender may
<br /> pertorm ths duties or cause them to be pMoam�d.Lender msy sign eorrow�r's n�me or p�y e ny amount tf necessary for pericrmance.If sny
<br /> construction on the 1xo��dThis m�yNctud�cwnpfe inp tln curutructionm�nner. Lendamaydo whstever ia necea4ery to proteat Lender's _
<br />- sscurity int�rert in ri»
<br /> ,.
<br /> • Lender's f�ilure to perform wfli not precluM Lender from exereisinp my ot its other riQhts unbr th�law or t�li deed of uuat.
<br /> ' ind w U biar�intereit from ihetdete Qf t�he Wymmt until p,idtin full itf thi�intersittlito tn�eff�on theuiecured debt unto will be dw on demand
<br />�� " 10. D�tault �nd AccN�nHon. if BorrowK faii�to maks�ny p�ymsnt wMn dus w brta4 any covenanu undsr this deed of trutt or any
<br />��9:. `. demind immidiits paYmsnt a�i�►dd may Inva�lu thi powei�of ssN9ind iny othir re sm d il s p rmGi d y�applic bN liwwity of tha secured debt�od
<br />;. _ h
<br />�-�!�+��'+ � 11.R�awat tor Notka of D�fa�lt.It It I�nby roquested that copies of the notice� of defailt and sale be�ent to each person who la a psrty
<br /> ";�++u��y."' hento,at the�dd�ess ot aach ach penon,aa sai ��«r�r,a�nan.
<br />�'•T ,.-� 1Z.Poww of S�.It th�Lender invokssihs power of sal�,the Trusts�shdl tirst recud inth�office of the roplster of deeds of each county
<br />"" y`'� whsrafn the truct properry or aome p�rt a parcel thsrsof is situ�ted�notics of defauit contdninp the intormetion�equked by law.Th�Trusts�
<br /> �°���° roto,end to other persons esprascribed by
<br /> f•�t,�:�� c.�q�, shdl dso mail copies of the notice o(deNu�t to the Bortower,to each person who le a pMy he s not in any
<br /> �.:;�'�.,., applicable I�w. Not Isas than one month�fser the Trusteo records the notice of def�utt w two months if the trust property I
<br /> incorponted city or villape and i�used in furnMq operations cirried on by the uuitor,tM �mttee shell pivs public notice of esie to the persons
<br />_.-'3��Lw,��i �nd In th�mannsr prescrib�d by�apppllcaEM law. Trustw,without d�mand on Borrow�r,ahYl s�ll tM property�t puWla auction to th�hiph��t
<br />~ __,�� bidd�r. It nquk�d by tM Farm Hom��tM�d Proteatbn Aat,TruatN�hsll oftK t►N Drowrtv N two s�pante�alo�r�rpuind by appNeabM iaw.
<br />—�� Trostw m�y post�on�saN of�II or +ey prceiof ths PropKtY bY Pu���^�^t�E tM tim� and ptaa of any prwbutly ad»dul�d sal�.
<br />�—�:-�' L�MMr a ks dniOnN m�y purch�s�th� DroPKN at any aN. �
<br />���u ;�� Upon rsc�ipt o�f paYmem of tM prics 6Id.Trust�s sh�ll d�liv�r to tM pwchu�r Tro�t��'s dwd�onvsyirq th�propartY•The reckfalt coM�in�d In
<br />___...___.-�,� T�uttw'�ds�A shNl be prim�f�cb evidi�na ef th�truth of the statements contalned tMrsh T�wte�ah�ll�ppiy tM proeeode.di tM aN In ths
<br /> �" �-- rik�i�t i�m�n�essa�tbl to ill sumi�secur�yb Uls�d�ed t�hu�t�ind l01 th�b+l�nc��t iny t o MNSpe~wns Nyilry i�to f�ctt �wyk.f~� �
<br /> � 13,Fonelo�un.At Lander's option,Mia deed ot ttust may b�forecbs�d In th�manrnr provide Dy �ppliwbls law iw tonclosun of mortp�p��
<br /> on nai prop�rty.
<br /> --- 14,Insp�ntlon.Lendx m�Y enter tM p�op�rtYto in�p�ct it If Und�r plve�Borrowsr notiubefash�nd. 7h�notic�must atat�the na�ooabN
<br />- — oeuH tor L�t1dN'�(n�p�Ction.
<br /> 16,CwNNnrr1{on.Bo�rrow�r aas�ni to Under theproc�eds of my�ward or clafm fa d�rnq�s conrNCted with�cond�m�atio�a oth�r takkp
<br /> - N������ot ths propsrty. uch prxs�d�will bs�pP��d�s Provided in Covsn�nt 1.fii��sslprwrNM la subj�ct to th�twm�of�ny prior
<br /> --- ar�iy�upon Borrowir�'i defauR,L°nEerabdols twt w la vs any�itpht to lster�c�onilde�►Lhs�nt i dafiuk if it he pi i i��.By not�x�rcisfnp
<br /> 17.Jaint�nd SwwN y;C�Q�+�n: Succ�w�rs �nd A�N� �ow+d. AM dutNs ud�this dNd of trust K� lolnt rnd s�wrN. Any �
<br /> Bonowe who co•slpns thi�clMa of t�ut but doa� rat coaipn tM uc�dKlyirq d�bt infwmmtls) do�s �o onty to �XsM end cmv�y th�t
<br /> Borrowa's inteeat In tM prop�rty to tFw Tr�ms under th�txm1��of tMs d�ad aT uu�t.In kditkn, such a Bortow�r p�MS thit tM L�nder��d
<br /> ` dibt wi�tl�out thit Boruio�w�r�i co si ir�iw ttnut nl�iUnp�thit Bo�rowi�ftom tM�t mi clth�i diid oi mut��� of huat or th���cund
<br /> -- The dutNs and b�rNfits of this d��d of tnnt shdt bind�nd ben�tit tM succe�sa�and�ssi9ro of le�der�nd Bortow�r.
<br /> 1i.NoYc�.UMssi oth�rwl�e r�qufr�d byuw,my ratia to Bortovwr ahall be piven by d�tivuis�p it a by mWlinq it by cs�tifl�d mail addrus�d to
<br /> - - _ BixrowK�t th�pr��ddna c►�ny ot�+e addnu that Borrow�►hu pl�wn to Lendst.Bortow�r will piw�ny not��to L�nd�r by aKWMd
<br /> ���� maN to L�rx,Nr's eu on p�p�1 ot iNb deld of trust w to any other addrs�e which Leid�r Ms dKlynited.Any othsr notic�to L�nd�t sh�M
<br /> - � = b�ant to Lond�r's�ddr�u u st�ted on p�p�1 oi thi�d��d of aust.
<br /> - '-�1-`-.� Any notles slull bs ds�m�d to h�ve b�enpiven to Bonowsr or L�nd�r whsn piven in tM mxu►er statod�bow.
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<br /> u;:;,�;"; 79.TamiK of th�P�apMiy or�R�1kM1 IntKwt fo th��orrovrK.If�II or�ny part M fh�prM�ertv or�ny Int�r�st fn k la eoid or tt�ntf�rnd
<br /> �.•;. wittaut L�ndK's prWr wrfmn confent,lenMr m�y d�maad�n+m�d��t� payrrnnt of th�wzvxad dsbt. Lend�r m�y aico demand imm�dlat�
<br /> '-.~;����`.,:� � paym�nt If th� 8orrower is not s n�taxY pk�on and a beneflcid(nterest in tM Borrowir 'ss fold or tr�nafet�ed.Hovwwer. L�nd�r m�y not
<br /> •?'� • ,��, d�m�nd paym�nt in tM�bove dtuetbns�fc i�prohibitsd by tedenl I�w as ot the date of tli�dNd of m�at.
<br /> -�r?'.�,.:.;.
<br /> .";�c?�:>����.�' 20.R�eonwy�nc�.WMn tM oWipitlonwcured by tMt deed uf trust hn been paid,�ndlardK h�s no tunh�r oWlpation to mak�ddvanas
<br /> �-.'.��-a� urd�th�inttrum�M�or���ms�n s�ared by thls deed ot truat, ths Tru�te�shalt,upon v�rritten request by the Lsnder,roconv�y tha trust
<br /> "'' pr�o�p��ty.TM Lsnder ehail eltver to tAe Bo�rower,or to Borrower's succesaa!n Intonrs,ther uust deed�nd ths not�w other evid�nc�of ths -
<br /> "�;e�.� obll0ation so��tisft�d•Borrower sh�ll p�Y��Y ncordation cosU. -
<br /> r.�:,.;-�;•�7 7' _._ - �{n
<br /> -_�,-�,;-- 21,S�eN�or Tru�tM. I.s�der, at Lenhr'i op�lon, may remov� Trost�� �nd� t �eticc�s�or trust�e by first, m�iqnp a coyy of the
<br /> .;�n�� sub�titutbn of truttN�s nqulred by�p�icahk law,��d then,by tilin,�ths substitu i�on of bustN for rocwd in the offlce ot ti�r�pist�r ot dNds
<br /> � :�':=�. ' � `" of ach county in which the truet prop�ny, a som�p�►t th�not,l�sitwted.TM succsssa trustee,wkhout convey�nce of tfie property,�h�N
<br /> • � •�'. r�� wcc�ed to�N the powsr,dutleb authorib!and title of the Truet�s mmed in ths dasd of trud snd of�ny succsisor trustee.
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<br /> _ • ., /ANKE1t!6V6TEMS.IMG..ST.CLOUD.MN 6��07 IIJOOJ77•2]�II FOMA OC►�T(FN!elt�!!11 ��_
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