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<br /> 1. Paymwrt�. Borro�nrcr spreea to make ali paymtntr on tM sseured debt wR�n du�. IJkesa Sor�owif � L nder apree othtrwlea. �ny
<br /> � p�yrr�nu lmdu nulws trom Borrowe►w�er Borrow�r'�trtmfit wlll tra apD2i¢d firat tp eny amounYe Oottowor owos on the eocwed deEt
<br /> oxolua►ve of Interest ar prtnelpal,aeeond to fnter�st,and th�n to prlqcipal.lf p�nl+�t Orep�yment o�tha eecund d�bt oeeun for any re�son,It wllt .
<br /> not reduce or excuso my seAeduled payment untll the serured dobt is pald in tuil.
<br /> ].qdms Ay�inn Tffi.Borro��rati,wlD pay�all tsx�s,�sse smente,end other cherpoa ottributab�a to th8 property when duo end wlll detend t(tIo
<br /> to the p�ope a aina!any ctelme w, ppvtoutd�mppir th�ilen of thla deed of ttust.Londor moY vapulro Borrower to oasign any rl8hta,ctaima or
<br /> � defenaes whi��rrqwer m�y,havo a�atnst p�►tlos wilo s ppty labor o►msteriats to improvo or malntoln th9 prcpony.
<br /> j "' �
<br /> 9.inwr�ne�.Bortowu•w1►t keop th�pTOpeeN Innured under terma aaceptab!e to Londer et Doerawe�'s ex�ense snd for lender's benoflt.Atl
<br /> � � imuranee policiao Wi:.lt Ineludo a atandard mort3ape elnuse!n favor of Lender.londer wili ba nemed a.toas peyso or ao tho�nsurod on ony euch
<br /> �� insuranee policy.Any inaurinca proceeda ms be applted,within Londer's dlecretion,ta otthar tha rqSLOratton o*ropatr of the damaged property --
<br /> or to the secureA deb�It Lander�equites mo�spe�nsunnee,Borrower epreea to metntain such F�suror�ce(pa as ton8 ee Lender requirea. --
<br /> ��;;J 4,Prop�rty.Bottower will keep the propertlr in Aood co�didon and meho sil ropairs roaaonably necosaortl• �
<br /> +;��+"�' ;
<br /> ,_ .. !'�P; g,E�aesu.Bonower egrees to pay eIi Lender's expansea,incit�dtn9�oa3otublg attorneys'foos.Ii Bo�rarror breeka eny covenanto In thta deed �
<br /> of truat or in any obligaUon aeeured by Wa deed of ttust.8onowar will pay theso amounts ta L�and:�c�Orovided in Cavenam 9 of thls deed of
<br /> - " tru8t.
<br /> � �f seeuT��int�mes{e�et�wUl pe��r rm e0noftBo ov r�er s ob�tgetions under a y PrBlo mortgasa,d e�of aust or other aecuf tty egreemaein �
<br /> � �' inctudtn�BortowePs coveneMe to make paymeMa when due.
<br /> � 7,/1�d�nt of Re��►d Pwtha.Bortower aasEgnA to Lender tho�ents and profits of tha pru9ar�y.Unlaes Borrawer and Lender have egreed
<br /> ' ry; OT}IEfWf"ss In wrhirtg,Bonower may eoiteet and retatn the reMO as long ae Bottower is not in dafauTt.If Borrower defautts.Lender.Lender's
<br /> egent,or a court eppointed roee(ver may take possesefon and manage tlra property and cott�et ths rqnts. Any mrns Lender cotieats shafl ba
<br /> � epptlsd firet to the crosta of maneping the property, includtng court coats and ettornaya' to��,comm saEb�a tp rental a ente, and any oUrer
<br /> � neeeaaary rofaeed expenses.Tha romnining amount ot rents wlli than appty m paymentv on the secured�ebt•as provided in�venant L _
<br /> �, s.�,���S;p�nnsd Unit Q�vetppm�np.Borrower a�s to aompty wiM tha provtaloi»of any lease if thfa d�ed of trust ia on
<br /> � und��U�e�covone�nsts,by laws,uar regu aUons of the eondomintum or ptanned unk a�vetopmeMm�e�ror�a wll!perform e!t c+f HPrrower's dudes .
<br /> 8.AuMaity of L�etdK to P�tam 4ot Botrowst� �f Borrower ta[is to perform any of 8orcpowov's duties undtr this deed of uuat, Lender m�y
<br /> .�ron�su�uotlon on tlro�yroperty Is dmlaeo�nued or�ot��ried on in e ieasonnb e8manner,LendBrinary do wh j ver�eeryaeary Lo ptote�at Len4cr's
<br /> ��� searity imareat in tM p�operty.This mey inatu@e cn.npietinp the eonstructton.
<br /> . ° Lender's teiture to peAopm wili rtoR prectuda Lender hom exeralsing any ot its other rigMe unrlcr.the tuw ar thla deed of trust.
<br /> , , ^J a�wl 1 bea�r inm�ros�irrom tlro d te�ot�Psym°M u�l p tdn In fult a`��th�e i rte esttl te In eHeEat on tt�e eeasired debt u�wiil be due on demend
<br /> ,.�. �p,p�iwit�nd Acpi�rntlon. If Bortower falis w make amr Peymer�t when dua or breatca any aovanaMS under thls deed of trust or any
<br /> -„, , .� obiipet[on seeured by thla dand af truat or arry prior mortgeqe or deed of trust,Lender may aaeelerate t�e meturitl►of the cecured debt end �
<br /> demsnd ImmediKs p�ynsent end mey Invoke the power of eate and any other remediea permitted by BppVesLle iaw.
<br /> �i,�•.
<br /> �-.'•� • _ 11.Raqw:t!a Nmla of Q�fwtt.h fe hereby requested th�t copies ot the notices of defauh;and ealo be seM to each penon who Is a puty
<br />-�`�j'=•�. hereto.at tire e►dQresr oi eeci�eu�i�peraan,s�sst farti�t�rosrt. �-
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<br /> •_ .,.o•� 12.PowM ot 8�. Ii the Lender invokes the pawer of sale,the Tcustee shail firnt record in tho offfoe of tM regtrter of deeds of each cawty
<br /> � � ',: w t b r s i n t h e truat pra p e r t y o�some part or pareel 4hsteof is situatod a�otiee ot do0buh cantei�lnp the tnlorm�ian�equired by law.The Ttuatoo
<br /> _' �c shsil also matt eapias of the notiae ot detault to t7�8•Borrower,to 4a c h person v J hm i s�p e ri y F i ero t o,e n d t o o t h e r p e r s o n a a spr e a c r i b e d b y
<br /> ��''� `�� sppiteabls uw.Not bss than one month after tho Yntstee roaorda thp natiCe o4-deiau or two momhs M the trust praperty le not tn ar►y/
<br />.s�' incmporeted city or v Wage a s d!s used in tarminp operations earried on py Vuatot,the'1'rus��tl shall pive publio nottcs ot eate to the penons
<br /> snd In the manner prascdbed by apppllaabis law.Trustee,witho�t de�n 8or►ower.shait aeG tAs propeR'Y�t Wbtio auailon to tM hlyhest
<br /> ��:=� . 6ldder.If required by the Farm Homestead Proteetfon Aat.Trus4ee ahall oHer the properiy iq twp aeparRe oa es na roquired by appitoaEto lew.
<br /> ,"'��,�o;�,'"'� Truatee may poatpone sale of ail ov any pereel of ths property hy publio announeement et the ttme ertd pisee of any proviowty seMduled aia.
<br /> Lendor or fu Qesignee msy pureAsss the property at ami sete. • ,
<br />=:�,�..���`�cA�°�
<br /> �'s;:,� Upon reeelpt of paymerK of the prtce btd,Trustee shatl detiver to the purchaser Trustea'e Qeed comreyinp the proporty.Tha recitiata eontained in
<br /> ,_� _�.:�.� Truates's deed aha]I be prima facis evtdiencs of the truth of the statameMa contalned tharein,Trustee shetl appfy the proceeda of the ule In tTse
<br /> foltowing arder: (a)to all expenses of the aate, inctudinp, but not limkod to, reaaonable Trustee'e feen, reasonable attomelre foea end
<br /> :��� rsfnstatemant feea;(b{to ati sume eecured by this deed ot vuat,and Ia)ths batanoe,if sny,to ths pe�sons lepaqy eMitled to roceive k.
<br /> _--- 1g,i��qowr�.At lender'a optlon,thia deed of trust may ba torectoaed in the mannm ptovide by app9cabte taw for foredosuro of mortyipes
<br /> --- -- on rosi propertY•
<br /> -�,.�t,,;�;� 14,Inswotlos� Lender may eme►the property to inspeat k N lender gives 8orrower ootFoe betorohand.Tha�otice must atete the roasombte
<br /> — csuss for Lender'e inepeotlon. .
<br /> _:'�I.r'.�'c_`i� -
<br /> �.:���y� 1g,Cond�rt�natlon.Borravret ase�pns to Lender the proeeeda of eny award or cfelm tor dama �a connected wfth a condemneYlan or other teWng
<br /> r��; of ell or eny part of tRe property:5uch proaeada wftt be applled as provfded in Covenerrc 7��as'esatHnmer�t ia eub)eat to tt�e 4erms of aay pricrr
<br /> security apreement.
<br /> .�''=�-�;�•
<br /> 4 - � 1g,Waiwr.6y exerdsinA any�entedV avaitabid to Lender,Londor doaa not ghre uo eny.rtphts to Ister we any other remedy.By not exarclafnp
<br /> -��X�x.�� � aay remedy upon 8orrower's defauk,lsnder does not watve any right to!aLu eons[iyr the avertt a dafsult if k happens epatn.
<br /> ���_<u�'-�� ��
<br /> �' ��� 17,,)dnt and S�va� U�(�.Co-tt�f�ea: Suactsson�nd A Baricl. A11'duWs under this deed of tn�st aro joint and Bevaral.Any
<br /> - -�— Borr o w e r w h a c o-a i p n s t t.i s d e e d o f t r u a t b u t d o e a n a t�a o•s i g n t h o�u n d��y��d i p t t•!c►s C U m e r K(s) does so on i y to g rant and convsy that
<br /> Bortower's Irrterest in ths propertY to the Trume under the tRrma ot•thia d d o fma�tri sdditton,sueh a Borcower agrees thst t he L e n der n n d
<br /> .=-'���� any otMr Borrower undsr�li deod of truK miy extend,rtasffty o�mifu3 sny,otlrst d.�tt�esmis deed ot�tru�.�is deed of vust a the searad
<br /> _-- -..��;" debt wlthout thrt Borrower'a eonseM snd wittwut roleaainp that�$ortower.t�pm tl»tormt o��
<br /> _ _=����i The duttes and benofrts of thts deed of uuat ahail taind and benefit tha sue�ssors and assigrta of lender end Bonower.
<br /> - *•t1'�; ;;= 18.Notln.Unless otherwfae requirod by�ew,ar�y notfee to Sorrower sR3t1 be givaa by deliverinp h or foy maili�h by certitie0 mati addrossad to
<br /> �:.^. '-.�, &�nowar�t tfie property sddreas r eny other eddreas that Darrorrer hrs giwn to Lendw.Bonower wiA ghre arry oottee to Landor by ceniflsd
<br /> ��.:--.- � aCdress which Ler�dar has desipnated.Any other notice w lender ehatl
<br /> r.+ait 4o LendeYa addreas an pago of thia doad of trua4 cr ta asy othsr _
<br /> . -� " bo:ear�t to lsnder'a�ddreaa aa stated on pape 1 of thfs deed o1 teu3t. _
<br /> -. ' � A�r iwtl0e ah�ll ba Ceemod to have been given to 8orrower ar Lender when given in the manner stated above.
<br /> , � � ��, � � 7�p}M�}y��.p��r a�B�Ml�d hrtecest(n tl�Boeowar.If alt ot sny psrt of tAe proporty a amr iMerest in it fe eoid o�transferrod
<br /> - � �,,�out lerttteP �dor written oonaent, Lendar msy demand immediste aYment of the aecured debt landor may atso demand imeeedtate
<br /> R�/nier1t if t!� rroWer,js•not a mbeM penon nnd e beneflciai tM�tn the Bortower is eold ar transtetrod. However. lender a�aV�
<br /> �• � �, @amand paymert�the�bove aituadons if k ts prohibited bY fedorai law as of the date of thls dead of truet.
<br /> :t(:.,.
<br /> 2p,R�cprv�yr+es,When the obligation aecured b�r this deed of trust haa�een pnEd and I.onder haa no furtho�obtigaUon to make advaneea
<br /> _.} undrs�the in�wmems or egreements seared by thts deed of truat, the Trustee sheif,upon written roQueat bv Ure Lender,rocomrey the trust
<br /> �.r.�-, � proparty.71to Lttnder shall detiver to the Borcowar,or to Bottower's auccesaor in tnmreat,tha trust deed and the rtote or other evtdence of the
<br /> . .��"'' oblig�tton eo setlsfied.Bortower shaU pay eny recmdetion cosLs.
<br /> I 21,Sucassor T ,�J�a�er's option, remove Truatee aad�o.ppoint a successor trust3e by t�rot, mamng a cop� oi me
<br /> substituUon of trustes rt , .qpplicable law.end�en,y�NII the eubatttution oi Vuatee tor reeo�d in the offEce of tho rogister of deeda _
<br /> ' a�ue�t�o ap Uis��u�tltority�snd tiue of thte�$re�e neme�ed in�Uie doseduo t u�at ndsof e�yeucas�sonr�uus4ee��Prope+tY,tha11 -
<br /> "' � V � fosp�Zof 21 -
<br /> � ---� QAtiKERg gvgTEMB.MC»8T.ClOUD.MN 66501 tt�L0a787-Z3N1 ff1RIN OCRMT6NE 1119f91 _.
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