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<br /> ; COVENANTS 9'/��� ���3�j �"
<br /> 1, p�ym�nu. Borrowe► eprees to make eil peymente on the aecured debt when due. Unie�s Bmrower �nd Lender apree otherwfse, any •
<br /> peyme Vt:�l}��d��est or�princlp�,aeco d to/ntereet�end thon to princlpfel.bf partlN pro�peyment oft he�ecu ed dsbt oc u�s lo�any eaionaltdwlll
<br /> �xaiut
<br /> not rsdua�or excuss eny sch�dulad p�ym�nt until ths secursd debt I�DNd In fu .
<br /> 2.C1�knt Ap�Nyr►st Tid�.Borrawer wlll psY�II t�xe�,as�a�tment�, snd other ahuy�s �ttrlbut�ble ta tha gproparty when due and wiil defend tftle
<br /> difi,s�whlch�BOrrowar msy�1{ivs ep+�i�s partl�pwho wpply I�bor otl miterlati to Improve o�malnti�in the�propetrtYawlOn any itphto,clelms or
<br /> 9. M�unne�. Bonows►will k�sp th�{xep�rtY gIntund unds►tum��ccept�bls to Lend�r �t Borrower'i sxpense end for Lender'�ben�flt. All
<br /> Inaurincip�olicyaAny incuranco procoflds m�yrtbepepplled�within Lendo�iddlacretlon to��ether the�rostoratlon�o�repel of the dim ped property
<br /> �`���`'� ' or to the ucund debt.1}L�ndsr requlr�s mortp�pe Intunnce,Bo��ower eprees to malntafn cuch Itwuranco for nc lonp ne Lender requlres.
<br /> •'�� 4.Prop�ty. Borrow�r will keep the property in�aod condition�nd m�ks alf rapaln rea�onnbty n�ce«sry.
<br />-y g,ExpKUn.Borrowar eyrea�to p�y all Lendsr'a axpen»s includinp rsasonable attornsys'feet, if Borrower breaks any coven�nt�In thit deed
<br /> of t�uat or in any oblip�tlon secured by thla deed ot t►ust.�orrower wfll p�y the�e amounts to Lsnder a�provlded In Covenant 9 of thls deed ot
<br /> trust.
<br /> '• Borrower will not meke or permit eny changes to any ptior ._
<br /> d, pdor 3�cu�y IM�rat�.Unleas Borrower first obteins Lendcr's wdtten conaent, ;,
<br /> ��ty ta�uttty Interests.Borrower witl pe�form �II of Qonowor's obligations under any prior mortyafle,deed of trust or other security agreement,
<br /> Including Borrowet't covensnts w mak�pWmenta when dus. a:�.
<br /> �.A��y�o}p���nd Prutita.Borrowsr�ssipns to lender she renu end profits of the praporty.Unless Borrower end Londer have apreed ���r-
<br /> ��.
<br /> oth�rw fe in w�itinD� e�nted eecelver ma�y takepoisesalon and menage the properwtyrand�eolleat the�entsBAny renta�Lender collects shall bs �
<br /> apent, ar a cou►t�ppa includin court costa and attorne s' fees, commissions to rental a ents, and eny other �
<br /> epplied flrat to the coati af mansgin� the property, q � to a mentx on the eecured debt as provided in�ovena�t 1.
<br /> neceanary related expenaes.The rema ning smount of rents wi�then app y P V
<br /> � .•���t C�M�p�����p�y�pm�nq,Borcower a reea to comply with the provlalona oi sny lea�s it this daed of uuat is on
<br /> a leasehold.If thle deed of truat Is on a unit in a condominium or�p�annsd unit tlsvslopment, Borrawsr will periorm all of 8orrower'�duti�a
<br /> undsr tM coven�nt�,bylaws,or ropuladons of tM condominium or pianned unit dovelopment, �-
<br /> , i"�,!' , s. A��prity of�«�d�r to pN(ortn{or Earow�►.If Borrower fails to p�dorm�ny ot Borrrowsr's duties under this deed of uust,Lender may --.
<br /> eonitruetbn on�the p�►operty is discontinued or not ca�Ied on in s reesoneblo�enenner.Lertderymay do whatever ii neces�ryP o�Proteat Lender'i _
<br /> • sscurity ht�reat in the prop�rty.This may Include complsting the constructlon. �_�
<br /> Lender'�fsilure to pe�form w i l l n o t p raclude Lender trom exerclsinp+nY of Its other riphte under the law ar this deed of t�uK. �Y
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<br /> Any amounto p�id by Lender to protsat Lender'a�ocurity i�t�rest wiil be secured by thts deed of uust. Such amounts will be due on demand "-
<br /> � ' a.�d wili bear intersst irom the date of the peyment untll peid h full�t the Iniereet rete in eftect on the�esured debt.
<br /> � .'4� op�jj aTt�on�sec�u sd by�s�desdfo6truit or any�iornmortgayepoi deed ofhtru�tuLenderrmiy accelersto thesmatuoityhof the iecured debt and
<br />=r•''•+�- demand Immedfate payment�nd mey invoke the power oi sab�nd eny other remsdien permitt�d by applic�ble Isw.
<br /> � ��+-;� ��,p�qwat for Nptfe�of D�f�ult.It Is hereby requested that copies of the noticea of defauit and aele be sent to eech peraon who(s e party
<br />-^; , �, ' ' iwruiv.:Y'.:�o a3dn'w.a!=aCh��sr_.F�psrson,as aet forth herein.
<br />_r�' .:
<br /> ��,pawK of gM�,If the Lsndsr invokes the power of�ale,the Trustee shsll first tecord In ths office of the �epist�►of deeda of each county
<br />;`�'" :., ;, � wherein the trust property or same p�rt a parcel thereof la dtuated a notice of dsiauit containi �sto find to�othe4 pe sr oni as sxcri6ed by
<br />_. �__ s not in eny
<br />�::Yo�.� shall alco m�ii captss of the notice of default to ths Borrower, to each peraon who la s perty
<br /> spplicaDis Uw. Not la�s than o��month efter the Truatee rocwdc tM notice of dsfauit or two montha If ths trust properiY
<br /> y=.u���,:.: fntoriior�ted ckY c►�H�ap��nc)is used tn tarminp oparationa nar�iod on by the Vustor,the fruste�shell pivs pubL'c notico of iN�to t1»p�rsons
<br /> �' „�� a�p in th� m�nnsr prosaibe4by appPticable law.Trustes, wkhout demmd on Borrower, shell sell the propertY at publio auction to the hipMst
<br /> =����i' ' bidd�r.If r�quired by the Farm Homestead Protection Act. 7rustee ubpc innouncement at ihe ttme end place o}anytpQeviouily sch�edutsd�ele.
<br />=:_�y��' . Truae�may postpone ule of ail or eny parcal of the property by D
<br /> -- � Lender a itt Aeetqnee msy Durchate the property st any sele.
<br />�,2��..
<br /> Upan r�cefpt of p�Vment of the prlcs bid,Trustee shall deliver to tha purchaser Trustee'a deed conveylnp the property.Ths rsc►tiala conteine n
<br />��--_�-L�-" Truste�a desd chNl be prim�tacis evidisnce of ths truth of tha st�temeMs conteined therein.Trustee ahall appiY the praceedt of the aete in the
<br />-�::��' followinp ordsr: (e) to eil expensas ot the saie, includiny, but not Nmited to, reasonable Tmstee's tees, reasonabie ettorney'e tees and
<br />"'���'��� reinstatemsnt fees;(b)to all sums escured by thia deed of tmat,and(c)the belance,If any,to the peraons lepelly entitted to recsive it.
<br /> �-"'"'"" � �3,pa�ctowr�.At Lender's option,thf4 deed af truat may be forecloaed in the manner provide by applicabte lew for torecloaure of mortg�p�s
<br />�---�—�, on reei propety.
<br /> ""° �4,�� Lendsr may enter the property to innpect it If Lender A�ves Borrower notice betoreh�nd.The notice must sta2e ths rsasonabis
<br /> --—_-- aauss or Lender's inapection.
<br /> "`- �g,Cq��tion.Borrower aesi na to Lender the procseds of eny award or claVm for damegas connected with a condemn�tion or oth�r t�klnp
<br /> --�y%��� of all a�nY Part of the property.�uch proceeds will be aPpMed e�provided in Covenent 1.This asaipnment ie subJect to the terms of any prlor
<br />�;;y� securiry agreammt.
<br /> '��n� p^y rNe�m d upon Bo rower s Ydefaulta Lende�adoas�not weive sny�iyht to later�consider ihe eve�t e defautt if it h�pixns apa ny BY�t exerciainp
<br /> 17. Jdnt wW S�vKM U�b11ity Casipn�rs; 8uaa�ason �nd A�dpns Bouml. AII duttes under thla deed of trust a�e Joint and several. Any
<br />---'=-g�1'� gBoorrower who co-�iqns this deed ot trust but does not co-eiyn the underlyiny debt Uttrumentlq doea so oniy to qrent �nd convsy that
<br />�� ��� any�otWh�e�Bortiawer'under Lhii�deed of trust m�y extendhmoditYor mtke anyO ther chanpei in the tehmi ot this d ed of trust or�th��securod
<br /> :i'�;' .
<br />�v�,'�`�..�, d�bt without th�t Borrower's consent�nd without releeeing that twr�ower from the terms of thla deed of trust.
<br /> .��,,,
<br />��, C��:',,5:;. The dutias end beneflts of this deed of trust ahall bind and benefltthe euaeeaeors end essipna of Lender e orrower.
<br /> ��� 18.Nodat.Unteto otherwise requlred by law,any notice to Borrower eheli be given by deliverinp it or by maitlng it by cart{fied mail addreased to
<br /> �� Borrowsr at th�property eddress or any other address that Borrower has piven to Lender.Borrower wlil pive�ny notice to 4ender by certiNed _
<br />� � � be�sant t snde�s eddrois aa st tsd on p pe 1 of ffiu�d ed of tru tther nddross whfch lender has desipneted.Any other notice to Le�der shall _
<br /> � ' Any notics shall be deemed to have besn pivon to Borrowar or Lender when piven in the mmner steted above. _
<br /> 18.Tnnst�r of th�ProPM'tY a�8�1(ctr IMM�st In th�Bonow�r.It ell or eny part of the propertv or sny Interest In it ia eold or transferred
<br /> peyment�f�tdhol8orro�werris not enneturai person endda boneticlet 1�terest Inrcthe Borrower�ia o ddob transte�ed Howovor�Lender ma�y�not =,
<br /> demmd peyment in the ebove situetfono if it Is prohfbited by fodarel law es of the date ot thls deed of truat. o
<br /> 20, p����y�;�.Wheo the obligetfon serured by this deed of truet has been paid and Lender has no further obllystion to meke advancee Q
<br /> .K•-��� under the instruments or agreemonts securod by thfs deed of truat, the Truatae ehelf, upon written reques4 by the Lendet,reconvey the Lruat
<br /> property.The Lender shell deliver to the Borrower,or to Borrower's eucceaaor In Interest,the trust doed and the note or other evidance ot the f
<br /> . obliqulon so satisfied.Borrower aheH pey eny recordation costa. G
<br /> --- — �. '--- --� '_..�e... . �.w.�..�v tn�etw� 6v tint. mellino e COpY 0}t� —
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<br /> 27. 8uccoso►Trutt��. Lender, et Lender•s option, may remove ��vaaoa o��. �rw••.•- ________. .- _
<br /> aubaUtuticn of truetee ee required by epplicable lew,ond then,by tHi�a the subatitution of truatee for record in the office ot the repieter o e � _
<br /> succeed touell the power tdutles8 euthoriri a d titte oft he Tu st e namedein the deed of trust end6of any`su cossor trustee,of the property,shall
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<br /> BANIIFR,^�uYSTE�dS.INC..ST ClOVO,MN 68301 11•E00�397�2��11 FORIAOCP�MTG�NE a�t9l91 __. .
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