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<br /> � COVENANTB •• ��� g���
<br /> 1. Paym�r�. Borrower egrees to make ell psyments on the securad debt wvhen due. Unless 8ortoWer and onder agrea otherwlse, eny
<br /> • • paymente Lendar reeelvea irom Bo�rownr or far tionovne�'u banatit wiil be epplietf first to any amounta Borrower owes on the secured debt
<br /> exeluatve at interest or princlpat,eecond to Int reet,and.th4F W prlrtoiptl•if p��I tepeymant of the eocured dobt oeeurs far eny reason,it wlll
<br /> not reduce or exavse any soheduied payment�UI tbq oecured Qc�12�o patd if�full: �
<br /> � 2.Claims ApYnse TIU�.Barrower wtlt pey atl xes;'ss�e�mente,and other eharpes ettributabte to the property whon due and will dofend titie
<br /> to ths prope�iv agalnst eny oleim�which wouitl tmpsh the Iten of chle d�eed of twat:Lende�may requlre Bonower to aeslgn eny righte,cialms or °
<br /> defensas whioT�Bonower mey havo ngainst partles who suppiy Iebor or metalais to improve or mafntain tho property.
<br /> 9.Infunna�.Borrower wiil keep the ptoperty fnsuted under terms eaoeptebie to Lender at Bottowet's expenae end for Lender'e be�etit.Ail
<br /> � � insurance poticies shall lnetude a etnnd�rd mortpape c�suse in tavor of Lender.frender wiil be named ea toae payee or as the tnsured on any sueh ,�,'
<br /> � (nsuranco poiiey.Any inautanee ptoceeda maV be epplted,wfthin Lender'e dlecretbn,to either the restoration or repaEr of 4he damaged property .
<br /> � . or 4o the securad debt.If Lender requEres mortgege tnsurance,Borrower agrees to malntein sach insurance for es long as Lender requtrea. .•�:
<br /> � ��'�� 4.Prop�riy.8orrowar wili keep the property in good condkton nnd make all repeiro reasonabty necessary. -_
<br /> ::Si;'�,+�-�., .
<br /> 6.Exp�nsss.8orcower agreea to pay all Lendar's expenaes,includinp reasonable attorneys'teea,if Borcower breaks any coveneMS in thts deed "�•�
<br /> •'�S��°�"•� • of trust or in any obtigatfon eecured by thia deod of bust.Bortower will pay these amounts to Lender as provtded in GovenaM 8 of thla deed of -_
<br /> n , ` truet. r-
<br /> " • � 8.PAa S�cmitv Int�nsts.Unlosa Borrower flrst abteine Lender's written consem,Bo►rovror wtli not make or permk any changea to any prior 4���"-
<br /> • • security ir►teraa�s. Borrower wili pertorm ell of Bortower's obligadons undor any prior mortgege, deed of aust or other aecurity agreement, �.'�
<br /> • � inctualing @or�ower's covaneMS to make paymon.ts when due. C_--_
<br /> �, �,As�tanm�r�t of ponls�nd P►oNU.�aROHrer a¢signs tc Lendor the tants.end profits of the property.Uniess Bonower and Lender have sgreed
<br /> otherwise i�writing,Boaowa►may a�:'act and retain tAe rents cs long aa Bonower te not in defauh. M Borrower defautte, Lender,Lender's ��-�=--
<br /> ageM,or a court appointed�eeeivar anay take pasaession pnd mmnage tlte ptoperty end ¢oiteat the rem�.Any rents Lender coileate shali be --
<br /> applied flrat to the caste of�1Tane8ing the property, ineludlng apurt caste end attomeys'teea,commic�caas ta rentel agenta, and any other
<br /> ,. necessery�eiated exponses.The remaiMng emount of rer�ts will then applV w peYmeMa on the►seeured N�bt as s+ovicbed In Covenant 1.
<br /> --"-{--, • o.Loaronuiui'Ciri�GW:w;`uw:'r'1fiPd'„�,�Ww L:�...�'!.94!lw�....w.o�tn�mm��y Wltl�tho rvnvidnna nf wsvy'ls�s91}th18 deed o1 bust la on _- _-
<br /> 'i�f�5�;;f.. y�, .. s teasehotd.1�this da0c9 041��4 i�An t un14 in a condomintum or e planned unk development,Borrower wlti ateriorm aQ of Borcower's dutiss
<br /> � ;�GC!,� under the covenenta,by-tawd,a�Paaulatlor�e ot the condominium or pianned unit developmertt. __
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<br /> • •,,�;,:+t., 9.Authodty of L�nder v��u7?atm Pa�8arrowa.If Bonower tafia to�perfortn eny of Borrower's duHss under thta deed of vuet, Lend�r may __
<br /> �•;,. � � pertorm tha duttea�or aeu�o tt�am tp ba•performed.Lender may sign Bomower's neme or pay any amouM if neeeasary far perfarmance. If any
<br /> construeUon on the�pro�a�ty i,q cUscontinuad or eot earcied on in a reesanabte rt►anner,Lender mey do whatevar is�ecessery to protect Lender's
<br /> security Intereat In tt►e ptoparty.Thia may Inciude compieUng the conspuction. �n„_
<br /> ° Lender's failure to perform wlit not preciude Lendor iram exeroising any ot he oYhar rights under the tew or thla deed ot t►ust.
<br /> ' AnV amourns paid by Lertder to protect Lenders secuflty intereat wlll be aeawed by thfa deed of truat.Such emqtrnts wiU�4xx+on demand _
<br /> J+ anq wili bear iertereat irom the date of ffie payrtrtent uY�ti!paid in fuii at the i�terest rate In effect on the secured d'ebt, ,
<br /> 10. D�fautt and Aeal�rallon. If Borrower fatia to make any paym�nt when due or breuks any eovenartts ncrider.thfa.Ae�`of irust or any -
<br /> � � obitgatlon aeeurod by this deed of vwt or ar►y prior moRaage or deed of aust,Lender mey a�eeeierate therpnaturity of tt1�spRUred debt end
<br />� • � demend Smmediete paymaM and msy invoke tha power ot sale and any other remedtes perm(tted by epplioa6�tev�. �
<br /> - � 71.Rq�nst 4a Motic�of Wt�AG It is hereby►equested tfiat coples of the notiees of defnuR and eate be eereII¢o each percon who ts a pariy
<br /> hereto,at ffie addross o4 eaen sueh peraon,as set forth herein. � .
<br /> � 1Y.Pow�r of Sab.B the Lender imrokes the power of aale,the Truatee shell firot rocord in the otfiee of the�e�ietat qt d@ed� of��e�h county
<br /> • wheroin the trust property or some paR or pucel thereof is akuated a notiee ot default aor�taining the informatibn requireif o�l�dw.�'Tl1e Truatee
<br /> • • shsli dso msil eopfes of the notice of defauM ta tho Bonower,ta oach pemon who is a party hereto, and La•othe�p6�ons ae presuibed by .
<br />-• applicabie taw.NOt leas then one moMh etter the Truatae recorda the notice of def u or two monthe tf IIho truat.propartY 1a not in any •
<br /> incorporated ehV ot viRage end ia ucad in farmirtg operatlor�s caMed on by�Ne truatdr,�e�rustee sheil ytve puOtfanotiW of eaie to the peteons
<br /> • � end in the manrter qre cr(bad by appplicable bw.Trustea, without damand on Boirowar,ahell seU the properiV et�public auctEOn to�hig� .
<br /> bidder.If requtred by�Ferm Homeatead Protection Act, Trustes 6hall ofter the property in two BeDarate ea[os.bs cequ bY appl oable aw.
<br />- � Trustee msy pastpone sale of aIi or amr parcei of the property Oy pubpe aroiouneement at the tlme and pteee of hny prevf�!setiedute�eaTe. �
<br /> . . Lsrtder ar ks des(gnee may purchaee the Property et am saie. �. • ���.
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<br /> Upon reeetpt ot payment of the price bid,Trustee ehali deliver to the purchaser Tros[ee'e deed convevin�the�roperty:The reekiai9 cdrrcained irt .
<br /> " �� ' Trustee's daed shali be prima fada avidienee of the Uuth of the etatemerns coMained d►erein.Trostee sfiaU appty the pr9ceeds of the anle in the
<br /> � fotbwing order. (a) to ali oxpenses of the sate, ineludEng, but not I[mited to, reasonsbte Truatee's fees, aeaeonapie attomey's feea and
<br /> 1. , rnlnstatenteM fees;lbt to ali sums secured by this dead of uust,and te)the bnlanee,if any,to the persons tegac6y entided to►eeeive k.
<br /> -`'' ,• 19.Fanetown.At LendeYs option,tNa deed.of miat may be torectosed in the mantier ptovide by epptiCeble aew for toreeiosure of mortgapes
<br /> ..j on roal pr3petty.
<br /> _:.n-K.
<br /> �'�?��"•=Y�s �- 14.Insp�odon.Lender may enter the propeny to(qspect it H Lender givea Bonowet notiee baforohand.TM�aeamAe must ctete the roasonabte
<br /> ''"s�,"�'.�.-� � cauae for Lender's tnspeation. •
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<br /> �.�f•.n 16.Cand�reration.Borrower aaatIlns to Lender the praaseds of any award ar clatm for damegea connacted v�h�a oondemnation or other teki�
<br />=t�° � " of alt or any peR of the�voperiy.Such proceeds wfli bo eppiled es provtded(n CovenaM 1.Thls assignmer►t is subjaCt to the terms of any prlor
<br />-�_; _•_�.: SeWrlb�Sreement _
<br /> _=-''�"- . 18.Waiver.BY axercising amr mme�y evailaWe to Lender, Lender doea not pive up any�ights to tater uae a�other romedy.By not exerdsing
<br />- ` '- any remedy upon Bortower'e defautt,i.ender does not waive emr�IpM to leta conaider the eveM a defauh if h pena again.
<br />_����;.`:.'�
<br /> 17.JWtrt�nd Savarst ��b�t�rt Co�sfy�a:8WOessson and Assiyen Bound. AII dutlas under thia deed of �:art�aie joiM and seve�at. Any
<br /> ���' Borrower who co-aigns ihts deed of uust Mrt does �ot eo-aign the undedvirq debt fnatrumsnt(a1 does 6o ac�0.y ta�a►t end eomey thet
<br />�_;,�� Borrowsr's inUxest in zh�propeny to the T�teo undar the terms of tAia deed at truat.In addkion,sueh e 8orta►weT aprees thrt ths Lender and
<br /> er�y otMr Bortower w�ler thia deed of Vust may ezt e n d,m�or ma k e u�y o t h er e a i n t h e t e r m a o i t t K S 8 e a d o f t r u a t o r t h s s e c u r a d
<br />�'?:.:�:'- debt v�ftliout that Bortower's eonsen u�d wkhouR releaaing that Eonower iram the teims�thia deed of truat. �_
<br />=,__,a::f .
<br /> � -V�i;-�- ,; T!►s dutks and bsnetits of ffits dead of vust thati Wnd and benefft the succxasora and assians of Lender aM 8o�owar.
<br /> 3_.
<br /> �- - 18.Hmtee.Uniess otMervirise requked by taw.any ratice to Borrowat shaii be given by delivertnp k or by,maG:-:���by certifted mail addressed to —
<br />_ . 8ortowe►at the pro�erty addre�ss or any�othet sd eas thet Bor►ower Aasphre n to lender.Boirowcr anllp�a a..�yr nOtiee to LerMer by eeniRed
<br /> ' � mati w lender'�addroad on pags 1 of thSS doed�ttuat or to any other adQresa whicA lender hea daaignateti.Arry other notice to lsnder shall _
<br /> ' '. � be sm�t to lender'a addroas�s sUtsd on page 1 of thia deed of trua� . ^-
<br /> • � Any nottcs shall be deemed to hava been piven to Borcower or Lendor,when yivan in the manner c2�n'tstl abore. ! ,
<br /> • •rp' 18.Tnnsbr of tM Prcp�rl�lear��flelal M�u�►�st In tA�Bonaivar.If all a any BaQt of the pro or anY tr►temst in k b aofd w tranzfened __
<br /> . wkhout lendar'o priar writt n eonsent Lender mey demand lmmodiate peye�►errc of rhe seanr�eM. LanaSar may atso deman0 imrr.�ato --
<br /> � paymem ff the BaaowEr ia not e�atuialpenson end a berrofidal fnterest in 4Re Borrovrer ta aold or transT�tted. However,Lender may rtot �
<br /> ' ' t demand paqrtnBM ln tha above sKvatlons it ft fa prohibited by federai law es of i�ed�e of�his darA ot trusi. --
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<br /> �. . ` 20.O�x�nv�yanC�.When the ubll8etion Becurod bY thfe deed of trust Ras Deen paid�a�d Le�ot hes no fu►�ther obligrtion to make advam:es =
<br /> urodar cRe insuumeMe or apreemonbs socurad by this deed of tr�cst,the TNStee shall.u�ar wrtiYOn teaueat by the Lender,roconvey the uust
<br />=------ -------=- meaertv.The le�odor shail detiver to the Borrower.or M Borrowet's sueceasor in interosy t9ce uuat deesl and tM rrots or other evidenee ot the ;c i�"
<br /> -`.-`-„�'� - cb1(pedon so eaUsfisd.BoROwer shatl pay any�eaorQation coate. �;:
<br />- • 21. Su¢c�saor Fv�.,,l,e r.at Lender'e oution. may remoYve Truatee andey aotM a succesaor truatee Dy flrst, �nailinp e copy Oi Me . :
<br /> . ' eubstituNon of qy applica6te iaw,nnd then,E ftlins tlse eubstitution of trustee for roc�d in tf►e offlce of the regiater of deeda
<br /> . au�d Y�o el�Uie power.dutles,eudw�r�end�Ue of tl e T�iu�e r em�d�tl��d d of u�uat a�nd oi�a y su�s�sor�trueteo of the property.she�t
<br /> - �9�De Z of TJ .
<br /> ?ANKERS tiYBTBAS.WC..BT.CLOUD.MN 66101 I/�II003974aN1 FOAM OCV.�TG�NE d/tBlSt �
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