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<br /> _ , z; `�. 1. Paym�nU. Borrower �prset to maka all p�yments on the secund debt whsn due. Uniess Borrower and Lender apree otherwise, any ��
<br /> '� �' excluilve�of intire�t or�prinolpd,aecond to�ntsrei�and th n to printctpd.I�f p,rtp�al preipayment of t s�ecuredrd bt occuro for any ressontl(tawl t p�;-
<br /> ? not re�luce or a:cuoe�ny tchedulsd p�ymsnt until ths secured debt li pald In full.
<br /> " '�;� �.Cl�im�ApaMut Tltl�.Bonow+r r}rill p�y��l1,UXa�,aoei,mentt, and other cherpss attrihut�ble to ths property when due and wlli defend title ��.
<br /> .j: to th�propsr�y�palntt ahy alNrha whtph Wq�ild Impelr ttie'len of thit deed of truat.Len�er may rsqulre Borrower to asetpn any riphte,ciaims or A ,
<br /> . Y, dafenses which 8orroWer may heve e�`In1�panla who tupply labor or materlaU to Improve or maintafn the property. �i..:
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<br /> 3.Insunnc�. Barown wlll k��p th�prop�tty Jrnured under t�rm��caept�ble to Lender at Borrower'�expense end for Lender's banefit.Ail
<br /> . � ; intursnce poHcin ahNl Inoiuds a stand�td mortp�ye claun in f�vor of Lend�r.Lmdsr will he named�s Iou peyee or ae the Inaured on any such �F-:'
<br /> or to the iecured debt�If Leiider requlre,i�mortp pe ins�u�inc�it Borrowe�apre�ea�to�malnte�ntiuchhniuriinco for es lonp�ae Lender�rsquires��p�� �qm
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<br />•�+�*?!�+;"�• 4.PropNty.Baiowu wlll keep the property In paad aonditlo�and m+ke all rep�in rsa�ornbly nece�4ary.
<br /> �� 6.Facp�m�s. Oorrower aqrees to pay sll Lender'�expenaea includiny roasonable ettornsys'feee,If Bo►►ower broeks any covsnants In thls deed _
<br /> A. 1 of trust or in em�obllyatlon secured by thl�deed of truat.�orrower will pay theie amounts to Lendar as provlded in Covenant 9 of thla daed ot
<br /> !�"'°`�� trutt.
<br /> �
<br /> 8.PAa S�cu�(H I�tK�sts.Unleas Borrower firot obteln�Lender's writtan coneent, Barrower wlll not meka ar permit any chanyea to any pr or
<br /> security Interetis. Borrower will peKorm eil of Borrower's o611gatlono under any prio► mortgago, deed of trust or other security agreement,
<br /> includinp Borrower'�covenent�to make paymentt when due.
<br />_r;� 7.As�iy�wn�M ot R�nts�nd Pro1(ts.Bo►rowar as�lpns to Lender the rents er,d profits of the property. Untees Borrower and Lender have agreed
<br /> ;; : � otherw af e In wrkinp,Borrower mey eolieat and retain the rents as long as Borrower ia not in default.Ii Borrowar detaulte, Lender, Lender's
<br /> agent,or a caut appointed teceiver maV take poeseseion and maneae the property and collect tho rents.Any rente Lender colleats shall be
<br /> `•`' ' necesnfry relind axpenie�f The rsmt aininq mount of renta wlll than�ppiY to peyments on the secured debt ai prov ded in Covenant�eny other
<br />+^�`�j•' • 8.L��u�hdda•Cos�dorr�niumsi P��d Unit Dw�topm�nt�.Borrower a roe�to comply with the provitiom of any lease if this deed of trust ia on
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<br /> undai the�coveeintb by law%r rey Iu etion of the con�dominlum or ple�nned unit developmsnt nt,Borrower will perform all ot Borrower'e duties
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<br />,c:a.•a,�.�. 9.Authodty of L�r to P�rtorm 1or 6arowar.If Rorcowar fails to perform eny of Borrower'R dutiea undsr thi� deed of uuat, Len ar may _.
<br /> .y�l•_'"'7�� perfo►m thn du�ea a causs them to be performed. Lender mey sipn 8orroweYo name or pay any�mount if necescary for ps►formance. If any
<br /> �-°•�`'' conatruction anth�property i�di:canUnued or not asrri�d on In a ne:ombls manner,Lender may do whatever is neceeiery to protect Lender's
<br /> �_`_�;._ aecurtty Interert in the property.7hls may include complet(ny the contt►uctbn.
<br /> -:isc�'�".� . Lender's faflunto perform will not proclude Lender from exerol�i�g eny of its other�ights under the Iew or this deed of uust.
<br /> ;3;:'};; ,.J Any amounte aid by Londer to proteat LendePt security interost wlll be aecured by thia deed of uust.Such amounts wili be due on demsnd
<br /> ,_,,� and wlll bea�Interett from the date of the peyment until patd In full at the lnterest rate in eHeat on the secured de6t.
<br />:::t�?`i' 10. Dtf�uft and Acc�l�►�don.If Borrower fails to meks any p�yment when due or broake any covenantn under this deed ot trwt or any
<br />,��- , , obllpation cecured by thl6 dsed ot trust or eny prlor mortyepe or deed of trutt, Lsndet may accelerate the matur(ty of the secured debt snd
<br /> demand immedl�te payment and may invoke the power of sale and�ny other rsmedies psrmitted by applioable lew.
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<br />���" 11.R�qwat ta Notln of C�iwk.It le hereby roquested thet coples of the noticen of default end sale be eent to each person who la a perty
<br /> =�'"' � heroto,at the�ddrus of each such person,ac s�t forth herein.
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<br />--:-�•9tl�'�-� 12,Puwe of Bd�.If the Lende►invokes ths power of ule,the Trostae�hail firat rocord in ths oNice of the►eylstsr of dasds of e�ch county
<br /> - " - ---- whsroin the tiwt pruPanY or some ps►t or ps�csi cFwreoi is situ•ivu.i�otwa of daiauti contolnln !hL!llfOftridLlOR lEqu!!iw!by 1�!y�r,Th�Tnutt�e ,
<br /> __-� shdl �lio mai copivs ot the notice of dsfauit to the Borrower,to oech person who is a party�eroto,and to othar peraom e�pm:cribed by
<br /> -- _ -' epplic�ble law.Not lesa then one month after the Truitee recorda tho notice of default or two months If ths tru�t property la not in any
<br /> -°-_--° ' Incorponted city or vitlage and is used In fermtny oper�tions c�rried on by the trurtor,the�rustee thall pive public notice of aele to the parto�a
<br /> � end in the m�nner preacrlhed bY��pppiicable law.Trustee, w(thout demand on Bor�owsr,shall aell the property at publta auction to the hipheat
<br /> ---- bldder.If raquted by tM Farm F lomsstea d Protect ion A o t, Tru aae�h e l l o ff e r t h e p ro p ertY i n t w o s e p�r a t e�a l e s a a ro q u tr e d b y a p pli a�ble I�w.
<br /> ��-M - Trust�e may postpone tals of all or any patcel of ths property by publio announcement�t the tlme and place of any previously scheduled ale.
<br /> —__W = Lender a its d�tf�nes may purchase the property at�ny sale.
<br /> Upon receiPt of payment of ths price bid,Truatee�hsli dsliver to tM purcheser Trusteo'a deed conveyinp ttM propertyr.The recitials contained tn
<br /> Truste�'a tlied rh�ll be prim�tacie svidisncs ot the uuth of the atatement�contained therein.Trustes shali�ppiy the procseds of the ale in ths
<br /> � „ relnstiti e��tteei��(b to�all iumr�secured by thii deed of�truatusnd(o1'the bilance�If any t�o the perROns Ispilly entRled t�eceive it,fess �nd
<br /> - 13. Fa�dosun. At Lander'a option,thi�desd of trust may be torocbsed In the manner provide by appifcab�e law for foroctosuro of mortq�pea
<br /> an nai p�openy.
<br /> 14. Irrp�cLlan.Lender may entar the property to inapect it if Lender gives Borrower notice beforehand. The notice must state the reason�ble
<br /> c�us�Qer L��Mr's inapeation.
<br /> 16.Cor�sxMda�n.Borrower aasign� s to Lender theproceeds of eny award or clsim for demapes connected wtth a condsmnatton or other takinp
<br /> - of all a�ny prt of the property.Such proceed�will be epplied ac provided in Covenunt 1.7his aaatgnmant ia subJeot to the terms of a�y prtor
<br /> _ �ecurky apreement.
<br /> iny rsmeYdy u�pon Boirower s detaulta Lende�rd�oei�not walve eyiight to liter��consider ihe eventildefautt�f it hippeni dpatny�BY not exerclttny
<br /> --- °— - 17, Jdnt �nd S�wrd Li�p�y• Co��iprt�n; S�ac�staa �nd Assipns Bound. Ail dutfes uader thfa deed of uust ere Joint and severai. Any
<br /> - Borrnwer wta co•sipm thfs desd ot truet but does not co•cign tha undsrlylnp debt Inatrumentls) doss so only to prant md convey that
<br /> - Borcowu's inlKest In the properry to the Trustee under the terms ot this deed of truat.In sddition,such a Borrower ayree�thst th�Lender�nd
<br /> ��a��, any oti»r Borrower under thi�deed oi truet may extend, modi�or meke any other chenpei in the terme of thit deed of trust or th�secured
<br /> - debt wfthoutAst Bor►owsr's con�ent and without rele�tlnp th�t orrower from the tarm�of this deed of truet.
<br /> -- � Ths dutles and benefits of thii deed of uust shali bind end benefit the succeasxs and a:�ipns of Lendar and Bo!rower.
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<br /> _--rs 18.Notle�. Udese otherwise required by law,any notice to Borrower ahaN be piven by deliverinp it or by meilinp it by certifled mail addressed to
<br /> "'', Borrower at the poparty addreas or any othsr�ddroa thst Borrower ha�gIven to Lerxler.Borrower wlll yivs any notics to Lender by certified
<br /> mafi to L�ndN's �ddreas on pape 1 of this desd ot tru�t,or to any other�ddresa which Lender hs�dedpnated.Any other notico to Lendsr ahali
<br />-�c`���� bs sent to Lender'�Addrosa a�ateted on page t of thit deed of trun.
<br /> .�.'�;^y•,�� Any no2ice shfll be deemed to have been p(ven to Borrower or Lender when piven In the manner eteted ebove.
<br /> • 19.Tnnsf�r of tlN Prop�rty or�B�Nct�Intenst in tM Barow�r.if eN or eny part of the property or any interest In it ta soid or transfarred
<br /> without Lendar'a pridr written consent, Lender mny demand immediats payment of the secured debt. Lender may elso demand Immadiete
<br /> � paymsnt tf the Borrower is not e netural per�on e�d e beneticial interest In the Borrower ie sold or t►amferred. However, Lender may not
<br /> • � demend payment in the ebove situetlons it it is prohibited by lederal law ea of the date of this deed of truet.
<br /> � 4 20. R�conv��xac�.When the obligation aecured by thia deed of truat hes beon pald,and Lender haa no further obligation±o make advancen
<br /> under the instrumento or eyreements aecured by thla deed of truat,the Truatee shall,upon written requeat by the Lender,raconvey the truat
<br /> . property.TM Lender ahall deliver to the Borrower,or to Borrower'a succeasor in Intereat,the truat deed and the note or other evidence of the
<br /> . ��-�_
<br /> obliyation so�etiefled.Borrower shell pay any recordation coets.
<br /> • 7 21. Succ�sta Trutt�t. Lender, et Lender's option, maV remove Trustee end appoint a succeasor truetee by firet, mailing e copy of the
<br /> .L,s_-i_• , eubstitutlon of t�uston es reQuired by appilcabte law,and then,bY filln the BubstituUon of trustee for record in the oNice of the reflister of doads
<br />-�--�-�''�.----- Ot BaC11 GOUf0.y tn wnicn ine iro8i yivyo�iy vi ovn—,e �'iA��7 »�.:°.� rw�.�.�..�___.M.�.. .utrMnf nnny�wnr�nt tho nrnrortv,ehall .
<br /> _.,-.�. " •. . . . � � ' ' ' ' .
<br /> aucceed to al the power,dutles,authority and title ot�the Truttee named In the deed of trust and of eny eucceasor trustee.
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<br /> BANKEl156YSTf4S.INC..ST.CLOUD.MN 66301 It•l00.087•13�11 FONM OCP•MT6NE E11891 -
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