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<br /> , � �OVENANTd 97� •1c�9 �c
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<br /> ' 1, Nym�It�. BorrowH �pnu to m�k� dl qaym�nt� on th� ��cund d�bt wfi�n du�. Unlu� Horrow�r and Lander apn• oth�rwit�, �ny
<br /> p�yrrwnt�L�nd�r ncUv��(rom Oorrow�r or �ar Bonower'� bonetit wlll O��p�Il�d Nr�t to�ny amaunt� Barrowu nwe� on th��ecwnd dnbt �-
<br /> t, not�riduci orixcusi iny��olhidul�d paYrtwnt untll lhiiichurW dibt sl pr�ld in fuil�l prop�ymmt of the �ecured dobt occurs}or any rsesan,it wlll
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<br /> u Z.Cl�kn�A�NMI TtW.dwmw�r wlli p�y all t�x��,�t��tanu�s�.�nd otl►rr charp�w�ttribut�ble to th�proparty when due�nd wlll d�t�nd titls
<br /> F to tM prop�rty�9�In�t�ny a111m�which would Impalr th�INp of thi�d��d o1 trwt.l�ndor may I�quln Borrowsr to�stipn�ny rlpht�,clelm�or
<br /> d�4�nt��whlch 9orrow�r m�y h�vs�ONn�t p�rtin who aupply I�bor a m�tHld�to Improv�or m�int�ln the propsrtl►.
<br /> �' 3, MNx�na�, Borrowu wlll kup tM prop�rty Intund undu tum� �CC�pt�bl� to L�nd�r�t Borrow�r'a sx��nse and fot Lender'� bar�fit. All _
<br /> Insurenc�palicla th�a Inciud�a at�nded mortpap��clws�In favor of Und�r.l�nd�r wlll b�n+m�d as los�p�y�e or ai the Inaund on my wch
<br /> or to tIN�icurid d�bt If L�ndu nqultu�mortp pe Iniu anc�t Blorrowir�pf el,�crL�tln,�intaln�cuclihn u otnco tor oo lonpiee l endnre�ued��prope►ty
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<br /> 4.Wop�rty.Borrow�r w�!1 k�ep the propetty In pood conditlon end mako all repaln ressonably neaasary. �j
<br /> �� 6.Exp�na�.Borrow�r�yne�to pey dl Lsnder'�expen�es,lncludlnp reaaomble�ttomsya'feea,If Barrower broeke eny covsntntr in thla deed �•�
<br /> of trust or In�ny oblly�tian ucured by thls deed of trutt.Borrower wlil pay thew amou�tt to Lsnder��providod In Covernnt 9 of thi�deed of °
<br />-: } tru�t. _
<br /> e, ptior g�x1q Inbn�t�.Unlass Borrowsr flrat obtatnt Lender'e wrltten consent, Borrower will not meke or permit any chanQ�� to any prlor
<br /> �j s�curity Int�rss►�. Borrower wUl perfnrm ell ot sorrowor's obligations under sny prior mortgage, deed of truat or other�ecuriry agreement, _
<br /> Including BorrowK's covenantt to m�ke psyment�whan due.
<br /> ' ,. • 7.A�sty�w�t of R�nts and Pro1lU•Borrawer aaslyns to Lender the rents and profits of the property.Unless Borrower end Lendar have agreed
<br /> otherwl:e in writlne,Borrower may collsat and retaln ths rsnts ac lonp a�Borrower is not in default. If Borrower defaulta, L�ndet, Lendar's
<br /> " egent, or e court appointed receiver ma take poscetsion and manape the property and eollect the rente.Any renta Lender collacts shall be
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<br /> niciiiiry riiat�d ixpinsei f The ram�ininp�amount of rints wRl then�ppiy to psym�nts on lhe cscur d dsbt�ii�ovidid in covenin�l��y other
<br /> ` i�le�s��ho�W.��this�dHd�ofntrus�t i�i on i uni�(n a�minBum or�a plannid unimdiv0loitpmi^t�8or�ow,r will�pyerform�ill o}Barower i dutfia
<br /> under th�covemnts,by-taw�,or reflulations of tho condominlurrt or Rlenrted unit devebpmmt. _
<br /> � 9.Authoriq of LN+d�t to P�m tot BarrowK. If Dorrowsr f�ils to p�Ham any of Borrowsr'�duUes under thir d�ed of tru�t, Lendsr may
<br /> perform the duties or oauis them to ba performsd. Under may sipn 8orrowar's nams or p�y�ny amount If n�cew�ry for partormanc�.If any
<br /> construction on the property it discontinued or not cerried on in a reatonabie manner,Lender may da whetever is necasary to proteat Ls�der's
<br /> ". ..,� � seeurity int�nst in tht propnty.This may includ�complsttnQ ths conrtructlon.
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<br /> Lender's fellure to pedorm will not preciude Lenda from exsrcisinq any of It�other riphts under tM law or this deed of trust. _
<br /> '��' and w U bear Intersat�from t�hetdate oi the paym nt unt I psid in full at�the�tnterest�ra e in�eNeat on tha iscured debt unts will be due on demand
<br /> � � 10.D�hult and AculMWon. If Borrower f�il�to make any p�yment when due or bmks any coven�nts undsr thls desd of t�u�t or any
<br /> � ' demirtid(mmsdiits piyment•nd may invoks ths p�owsr of silsind eny other re�medie�i permiKed by appiicabls Iiwurity of the secured debt and
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<br /> ��;1.c�._ . hanto�it thetaddreu o�ae�'peaon,�as set torth hara n.copies of the no4ces of def�ult and sale be sent to eech person who i�a psrty
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<br /> :-�.,,i;; , 12.Paw�r of Siis.If the L�ndsr invokas the power of ssk,tM Trunee atull fkat rscord In the office oi th�nylster of desds of each county
<br />=t,,�� wMrain th�trwt propsrtY or some part or parcei tMroof is siNated a notice of defauit cantsininp the Utam�tbn raquired by lew. The Truatse
<br />��v�, , ch�ll a to mNl coptet of the notice of d�feuR to the Borrowar,to e�ch pxcon who is �psrty(�snto, and to other peraons aa presaibed by
<br />-Yi.;�" ' r' epplica� law. Not Nss th�n ons month �ftsr the 7rustee rsoords ths notice af dsfeuR,or two montha M the trust properry ia not In any
<br /> _�'���"u incorponted eity or vNlags and is utad in farminp o�erationi carried on by the uustor,the Trustes sh�ll yiv�publlo notice of sate to ths psrsons
<br /> ,��p!�• and in th�m�nner prescribed by�ppplicabls law.Truats�,without dem�rtd on Borrower,thall sall the property at publlc euction to the highest
<br />�.�_;�,�� biddar.If requlrod by the Farm Homeatead Proteotion Aot,Trustee shail oNer the property in two sep�rate eales ss roQuirod by spplicabl�taw.
<br />- `'• Tru�tee may postporn sals of all or any parcel of the proparty by public announcemsnt at the tims and piaa of my prsvloudy sctwdubd ula.
<br /> -Y "�"r:�w� I.�ndsr w its dedpnH m�y purch��s ths propKty at my al�.
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<br />-�A=�.�iF�3� Upon ncsipt of payment of ih�prics bid,Truste�shdl detiwr to ths purchitsr Trostss's Mod conveyinp the propsrty.The rocUUls coMain�d In
<br /> i_-_;;�.;��� Tru�ts�'�dad�hall bs prtm�facie svidiene�of the Vuth of tM st�t�manu cont�ined ther�in.Tn..ce�shall apply ths proce�ds of th�aM in th�
<br />�""""�`�'� ►sMs�t,m nt fwsa�lb)to�all ums secr ed by thii�dssd of�t�rust,and(o)�thetbslince,if°nybto the p�enoni lepelly entitled to receiv�h,f�e� �nd
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<br /> ------ 13.�onelw�x�.At Urxl�r'e option,�his de�d of tru�t may be forsctosed in ths manner provida by appiic�bl�I�w Tor foncloaure of mortp��
<br /> ---- on nN prop�rry.
<br /> - _ 74,Imp�otion.Lsnde m�y enter the property tu inspsct tt if Lender pive�Bonowsr notlos befa�hmd.The notic�must stat�ttN n�wnabN
<br /> caws fw L.ende's In�psctbn.
<br /> - 76.Cond�wdon•Bonow�r�ssi Qm to Lender theproce�ds ot any�wsrd or clalm for demaa�s conn�at�d with a condemnation or atMr t�kinp
<br /> s���i���if ihe property.Such prooeade will be appifad a�providad tn Covenant 1.Thts�ss(pnment ie euirJsct to ths tsrms of any pria
<br /> - - 16.WaIvM.By�xercisinp any romedy av�Iiabls to Lend�r,Land�r doss not pivs up��ny rlphts to late use anY other romedy.By not axsrdsinp
<br /> _ - ss _ any rsmedy upon Qarower't detauR,Lender dot�not walve eny r(pht to Ieter constder the�vent a det�uit If it hap{»n�agdn.
<br />- — 17,JoMit �nd a�wnl U�bINty.� Casl�rs: Euec�sson �nd Asti9nt Sand. Afl dutie�und�r this d��d ot Vust xs Joint and s�wnl. Any
<br /> ��� --�- Borcow�r who co-�Ipns thl�deed of trust but doss not co•ttqn tM und�rivtnp debt In�uum�ntl�) doe� w oniy to pant md corw�y th�t
<br /> sorrowK's intenst In the property tu tM Tru�tee under the termfys�of this desd ot uust. In�ddkion,sueh a Borrow�r pren thet the Lmder snd
<br /> _�= debt vvkFiout th�t eBorrowsr s coneent ir duwttl ouVt reteii n0 M�t Borrower hom the termi of thii deed�of truit tMs d�ed of uu�t or tM acured
<br /> _ -�_�� The dutie��nd bsmfits of thls deed of trust ah�ll bind and bensfit thu wcaasai�nd u�lqns of l.�nd�r�nd Borrower.
<br /> -- � 1 d,Node�.Unies�otherwi�e requked by Iaw,any notico to 8orrower�hall be pivan by ddlverinp it or by maiiinp tt by ceniffsd mail �ddnu�d to
<br /> ------ Borrow�r at tha prop�rty�ddrsss or�nY�other addnss th�t Borrower ha��ven to LendH.Borrow�r wi�l yiv�any nottc�to L�nds�by c�rHfi�d
<br /> y -��;� m�Ii to L�nd�r'n�ddrsss on psye t of this dsed oT trwt,a�o any oth�r�ddrea�which Under Ms deiiqmted.Any other notice to Lend�r eFufl
<br /> _ be sent to L�'��ddr�s���stated on pape 1 of this da�d of truai.
<br /> -�r�'�� Any noNcs sh�li b�desmed to h�ve besn piven to Borrower or l�nde►whan given In ths menner�tat�d above. •
<br /> °���~' '• 19.Tnn�i�r of th�hopKty w�l�1k�M k�tK�at In tM Ba►owK.If all or any part of tha props�ty or my int�ro�t(n it fs sdd or tr�ntferred
<br />�=����"'� wfthout L�ndor'� prbr wrimn conant, Lender may demend Imm�dl�te payment of tM ssc�x�d dibt. Lsnder m�y alw demand imm�dl�te
<br /> ~ i� �� ����� dim�ndtpaymengin the�ibovs sltuatbni�f iL Is�ohlb ted by tederel Isw ea of the dete�of thls deed�oi t►ruit nsferred.How�ver,Lender may not
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<br /> ::'� ` � � 20.R�tonwy�na�.Wheo the oblipatlon securod by thb deed of trust hn been pald end Lender he� no further obllpatlon to make edvances
<br /> �•�"- "�'" under the In�trum�nu or•prsement�acursd by thls da�d of truet,the Truste�shstf upon wrttt�n nquest by th�L�nder,nconvsy tM truft
<br /> �°',���:::.'°,�I� prppsrtyr.The Lendlt shNl daliver to the Borrowsr,or to Borrower'e succeesor In tntero�t,the trust deed�nd th�note or other evid�nce of ths
<br /> .�„_;r'�: obllpatbn so satlsiled. Borrowsr thall pay my ncordatlon cost�.
<br /> '�����:--s' _. �W�.� - -- �T....�.. ..ul .wu�lnt s uuer.�sa�v trutt�a Av }4at. nL111f1G r COCV O} UM
<br />�--r.,.y--�• �- ti. au4�ASw i�ii�.:.:5:o. o. .......... . .. - • - -- - - -
<br /> ;��: , subst(tutlon of truatee a�requlred by eppllcsbte�sw,ind t�ien,bY f'ilInpthe subttltu�on of bust�o tor record tn tlie oHlce of the i�aistsi of ds�d�
<br />�_;;:s; . � of�ooh county In which the trust property,or�ome p�n thersot, i�sltuated.Th��uceeuor uuttse,wlthout conveyance of tM p►o�oerty,ah�q
<br /> : . �..i succe�d to dl ths power,dutlea,euthorlty and tltle of the Tru�tse n�m�d In the deed of trust�nd of�ny sucauor t►utte�.
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<br /> � . lANKEH4 BVBTEM6.INC,ST.ClOUD.MN 68301 11�60039743�11 FORM OCP�FATWIE 8/18181
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