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�� ,,.v.,� ' : . . ,�`.- � , <br /> }�"-I;�-, � . . ' . �' .. . ���y _ <br /> .. _ ,ii:. a. i�,a.ws.R^-.:.'r.��-' �t. .• . . . ' ..�ry.�HS+i��:':- . . - . .K:��f... <br /> ..�iYMW.:r._..:.�. .. � ' ' ' � �-__ <br /> .. _.� �. <br /> 1. . <br /> � COVENANTS � 97� �O�� = <br /> T — <br /> ' i, payn»nri. Borrower epraes to m�ke eli pati ent on''thb's�pured dcbt when due. Unieet Borrower and Le�der �pree ot eli►wlr��iny <br /> paymente Lander recetveu from Borrower or tor orr�W er'e btenefit wlll b� applied fint to any Amounte 8orrower owee on th�securad dsbt <br /> not�reduca or axcu�Qe����sch�du ed psymortttunts�he e�C��u�rid dibt�i pe�id�l n(ull��p«p�Yment of the seci�red deht occure lor any roason,It will <br /> Z.Cldm�AyMnrt TitM.Borrowsr wlll p�y all tsxe�,esse�sments,end other charpe�attributsble to thepropertY when du��nd wlil dsfsnd title <br /> def��ei whlah 6o�rro�wsi miy hava asnl{t p�rti�pwhoiupply aboi oa meterlali to Improvs oi malntdn the propertya��ipn+ny rlpht�,clalm�or <br /> 9.InwrNx�. 8orrower will kap th� property Inrurod und�r tsrm�aeaptable to L�nder �t Borrowu'�exp�ma and}or L�nd�r'� b�rtdl6 All �;_ <br /> Inst!renr.e poliQlee shell include a atmdard mort �0�pclaun in favor of Lende►.Lender wlll b�nemad u lott psyee or u th�Insund on any wch <br /> or t th�acu�id dibt�If Lindir riqidrii�martp��Iniurincifth�rrowar�aprsiii to�milnt��nsi�uoh Iniurincitfor ii lon�n l�d�r�Gurii roartv p" <br /> :-:.:?� <br /> l� <br /> r� 4.�ropKty.Borrower wl11 k��p the proplrty In pood condltion�nd m�k�ell rep�in n�son�bly nsca�ury. ��.� <br /> y„ 6.Exp�n���. Barow�r apn�s to p�Y all LenMr'��xp�m�s Includinp r�iionabl��ttorn�ys'fs��,if Borrowsr bre�ks �ny cov�n�nt�In tht�d��d !�: <br /> ot t►utt or In any obllpet�on secur�d by thl�d��d o}tiuet.�orrower wlll p�y thess�mounts to Lender as provided In CoveMnt 9 ot thl�d��d o} - <br /> truat. <br /> " ,icu�fr�ty intNi�t��nBorrowir�will pit�form illf of t@oirowa i obupatloni under any prfor mortpipe deed ol trust oi�tothercio�u�►ty tap�eementr � <br /> � Includlnp Borrow�r'�covsn�nt�tfl nuk�p�ym�nt�wl►�n du�. <br /> 7.A��ot R�nts and P�ofit�.�arrowa asdyns to Lender the rent�and profits of the property.Unlsts Borrow�r aM I.ender hav�aprsed <br /> . �-. otherw r�In writinp,Borrawer may ca��at md nt�in th� rente as lonp es Borrower is not In default. It Borrowe�dsf�dts, Lendor. Lende�'� <br /> ap��t,or a court appointed rscsfwr m�Y t�ke pousasion end menepe ths property and colleat tha rents.Any renu Lender collecta sh�4 be <br /> �ppliad firat to the costa of msneyln the proparty, including court coat� and attorneys' fees, commiulons to r4ntal �pe�nt�, �nd any other <br /> =��'- • n�aan�ry rslat�d sxp�nses.The�ema�dnp�mount oF nnta wfll then apply to paymenta on the aecured debt�s provided (n coven�nt 1. <br />- � � 8.LN�shdda•Co�danlniwns;PlwNd Unit D�vNopm�nu.Borrower apree�to comply with the proviclon�ot any Isaoe it tMs deed of tru�t Is on <br /> ' und�r th�Ico+�roMnti by iiwo,�or rpul�tb�i of t1N cdndomin�lum or plano�id�unit dweiopm,nlnt, Borrower wfll perform a0 of Borrower'�dutiet <br />=f� 8.w��y �}�,«�i�r�o��kxm}or{aroww•I}Borrow�r talis to wrform any of Borroww'a dutlss und�r this Msd of tru�t, Lend�r may <br /> ,, pertorm the dutbs or cawe them to be pertormed.Lender may slpn gorcowsr's n�ma or pay any amount if nscessuy fa p�rtorm�nce.I}�ny <br /> . h conrtructlon onthe property is di�conthwed or rtot earrled on In a reason�ble menner,Lender m�y do whatevsr i�necesaW to proteot Lender's <br /> sscurity Int�r��t fn tM prap�ny.TNt m�y include compl�tinp the co�struation. <br />~; . Lendsr's failun to pertorm wiil not precluda Lsnder ftom exsrcislnp any of its other riphts under the Iew or this deed af uua. <br />'��� � , � AnY�mounts p�id by Lender to protaa Lender's tecurity intero�t wiil b�secured by this deed of uust.Such�mounts wiil be due an demand <br />_'--�;.�, ,,�:. �nd wttl be�r interost trom the d�te of the p�yment untll paid in full�t tM Intersst rate In eifsat on th�s�curod debt. <br /> " 10. D�hult �nd AeeM�ndon. If Barrower taita to m�ks any p�yment whsn due or breaks any covsnanta under thi�dsed of trust or any <br />-'r,'•'•��' ' �r dsmmd mmedl�ts piym nt ir�id m y�i vok�ths powar of eais�nd iny othsi resrisdlej�perrmitted by�sppl cab el lawu�ity of ths secured debt and <br /> _`i`�`:��`:r' 11,p�qutt for Notla of D�hutt.lt is heroby nqusstad thet copies of the noticee of dafault and aale b�sent to e�ch person who la�party —. <br />� -- a,�• Mreto,at me��aa ofi��ch�uci,per.wu:::ai toriis harslrt. <br />"°c;?�t,<.t,.. <br /> -'�,r;;w 72.PewN oi i�.If th�Lend�r Invok�s the pow�r ot aab,ths Trustn shall f(nt ncord tn tM office of th�npister of d�ed�of eaah eoumy <br />�=`m•k•�•�-.�.� whersin tM trwt propsrty or tom�part or parcel thsreof ia�itustsd�notice of def�ult conteinlnp the Inform�tbn raquirb by law.The TrostN <br /> ` ��'�•'��+ shall�Iso mall copbt of ths notic�of dsfwk to the 6onowar,to each person who la e party heroto,and ta other penons�sp�escrib�d by <br /> —��►]�� applicabl�Isw.Not bsa t han oM mon t h �Rer t M T r u s t e s r e c o r d s t h�n o t i a e o f d e f a u l t, o r t w o month� ff the trust p ro p erty is not in any <br /> (ncorpor�tM clry or Wllap��nd i�uted In f�rmtnp operations carrbd on by the uu�tor,the Trustee ahsil ylve pubila nodce of s�b to ths persom <br />�_:'';���,� and In tM mamer preacribed by+ppplkabt�I�w•Trustee,without dem�nd on Borrower,ahsil sell ths propsrty at public wetion ta the hi0hat <br /> bidd�r. If rsquked by ths Farm Hom�stead Protectlan Aat,Truatee�hail offer ths property in two aeparate aalsII�s requlred by applicsble law. <br /> ~i'�� L�undir�w lu d�isiy i may purchi i tM p operty at an pj��by publie ennouneement at the time and pt�e�of any predously sahnduted sate. <br /> —�,,y,��,5,.�� Upon roatpt o�f paYment of th�pda bld,TrustN�ha�i d�tivw to th�pwch�s�r i runte�'s dwd conwyi� iiw wu�,n.lr•�w�v�lil+ti�i:�r�t:in.�In <br /> TnutNy do�d�h�N b�prim�facM wWWna of th�wth of tha st�temenn ccnt�(ned therdn.Tru�U���iell appiy ttw praNda of tM saM In tM <br /> �=��� riicbistW te n�rn s��lb)to iii iumi icund bY this�diid o tmist ind iol thstbilanee�f iny to ttis p�raoni IpiIW�rsitk�IsdNto�i�o R r� � <br /> °— 13.ForKiosun.At Lsnd�r's optlon, thi� Med of truat may be foreaioted[n tFn menner provide by�pplicabb I�w fa ta�ctoaurs of mortpwp�t <br /> — - on ra�l prop�rtY• <br /> 14.In�p�atlon.Land�►m�y�nt�r the prop�rt�►to Inspeat k If l�nder plv�s Borrower notics bsior�hand.TM noUn mwt stat�ths r���onabi� <br /> '� cauw ta L��da'•in�p�otion. <br /> �'°"� 16.CondMrnMdon.Bo►►owsr�ss{�ns to Lendsr tMproc�sd�of any award or clsfm for dam��es conn�ot�d wkh� eond�mnstion or ot�Mr ukinp <br /> 'a'¢''�"'�� `.���� ��ot tfis prop�rty.5uch proasdt wili b�appiled�s provid�d In Covemnt 1.Thlo eatpnm�nt i�tub�ct to the t�rms of�ny pior <br /> -�- - 1d.Waiw►. By�xwcisinp any ram�dy�vail�bts to Lender,Lender dae�not pivs up my righta to t�ter uw�nY otMr rem�dy.8y not exKCiskp <br /> — �ny nm�dy�pon BorrowK'�d�fwit,L�nd�r does not waive any ripht to tater coruid�r tf»sv�nt�dofault If it h�ppen apdn. <br /> ---- -= 17.Jdnt�nd 8�wrd ��p�f�y Co-sl�r�s 8uoussas and Auipru�ound. All dutiss und�r th�� d�d of trust�r�Joint and s�v�ni. Any <br /> - Borrow�r who co-tlpm thls died af uutt but does not co•sipn the und�rlvin0 debt fnstrumantlsl does to only to prant and co�wy th�t <br /> ----= Barow�r'� intKS;t in th�propsrty ta ths Truste�unde►the termfys�of tN�deed oftru�t.In�ddkion,such�Bortower�pras thet tlw Lehd�r �nd <br /> R�`±, � dabt tvW�hout that Baro�ti com�irst ir duwkhout rileii np thit�orrowir�trom th�t mmi of thli d�id of uuit��� ��of trust or th�nc�xed <br /> "_� Ttw dutN�and bantfita of thls dNd af uu�t shall birsd�nd beneHt the eucc�uors�nd�sstqns ot Lend�r�nd BorrowH. <br /> ' "-'�' 1S.Natla. Unbss otherwiss rsquired by I�w,sny notice ta Borrower thNl bs plwn by deliwrinp it or by mNlinp tt 6y c�rtifled mail addratod to <br /> -_• � Borrowx at t M pr o p�►t Y�d d r�s�o r m f l o t h�r a d d r�u t h�t B o r r o w e r h a s p iv�n to L�nder.Borrowsr wflt piw�ny noila to l�nd�r by artiti�d <br /> - ===-�ra. m�ll to L�nde'�w a a nss on pa'�1 of t F�l�deed of uu�t,or to my other�d d ros�which L�nd�r hu d�sipmtsd.AnyoiMr notic�to L�ndw shNt <br /> _=�aA;� b���nt to Lend�r'�Wdnw�a�t�tsd on pips 1 of thi�d��d of trust. <br /> --- kt.;� Any notfc�aluN W d��m�d to hew bNn piven to Borrowsr or L�nd�r when piven in the mrnn�r stetsd�bove. <br /> `�''S" 18.Tamf«of tM PvopMtY a���Mc����^�eort°W��•�f�II or�ny part of tM ptpp�ty or�ny int�►�at in it is�old a tramfarnd <br /> °"`.F'"""" without L�ndx's prior writt�n conseM, Und�r m�y d�mand imm�dl�te paym�nt of the c�curod� d�bt. Lsnder m1y d:o demond immedfKe <br /> -v�,"' ��;�,� payment It tM Borrow�r b not�rntu�al psrson and a bsneflctel tntenst In tM Borrowar i� sob or tnn�t�rrwd.How�ver, Lendsr mty not <br /> ,7�."'�. <br /> :4r��6 d�m�nd p�ymmt in the abow situ�tiona I}it Is prohibked by fe�bral I�w�s of tM dat�of thls dNd of mut. <br /> �_-.'�z;, .K. <br /> _=�,-„",,_,. -, 2p,p�ep�vwmc�.Whm tM obYpatbn ucund by thls dud of trwt h�s bNn patd and L�nd�r has no funMr oblip�tbn tu m�k� �dvanas <br /> -�^�•_� u�d�r the EnHrum�nu a apr�errNntt�ecurod by this deetl of trwt,tM Trustee�hNf upon writtm reqwit by tM Lendsr,nconwy tM Ku�t <br /> �:��, {xop�rty.TM Lsnda sh�il dilivH to th�8orrower,or to Borrower'�wcc�sta In Interest,th�trutt d�W and the nots a otMr evid�na of tM <br /> ��__.. .g� obilpatbn co atFslNd.Borrowsr�haH pay my roead�tbn co�ts. <br /> " -' 21. 6ucc��ror TruatN.L�ndsr,�t Unrbr'� optlon, m�y remov� Trusto� and appoint ■ succ�ator trutt�� by ikst,mamrp � copy ot tn� <br /> � .r.►:• subatitutlon of tru�t�e a�rsaulnd by�pplicabt�liw,and thon,bv fillny the�uC�sUtutbn of tru�tn fa ncord In tM a18c�of th�nplat�r of dNd� <br /> ��R•MKyr,✓r._... p <br /> � '�� '-°``�� succee d to e Ary h e{o w e r t d u t i e s i u t A o r�i t�y i n d t i tl e of ths Trustee nam,d in dtM dNd ot trwt ir dsot any iucci���ar tustN,of ths properry, sh�ll <br /> ;,,.. . t. <br /> -y� ;• <br /> i <br /> . �. .•± fOipeZO/2l <br /> ,� ;,c;���.;� � BANKEIISSYSTUAS,IHC..ST.CLOUD.MN66301(t�l00•387•13t11FORMOC►-MT(LNEl/19l97 + <br /> `t <br /> r-F ^l�) <br /> ' I <br /> . { . ... .... . . ._. <br />