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<br /> � ' COVENANTB QQ� ����p' ..
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<br /> 1. Paym�nsis.Borrower agreea to mako efl parment� on the secared debt when due. Unteao Bcr�owsr ansl lertdet agree othetw te,tny
<br /> � paymemt Lendar ncslv�s hom 8onower or Tor qorrowo►'�benotlt wiU bs applted firat tn any amounte Bor�ower owes on the seaured dobt
<br /> . exctusfv�of interest or prirtcip�l,seoond to tnterat, #nd then to prinaipai.lf Qartlal prepayment of the aecured�tebt occura far eny�euaon,it wtlt
<br /> ' not reBua or ex�ut�any tch�dut�d psymmt untU ths socured dabt ts Detd in tutl.
<br /> ` 2.GRtm�As�nst TI '9n`rior,jer wllj Q�y atl ruc}i, �6�e imonts,and other chargea attributablo to tha property when due and wlll detend tltte
<br /> to thr propQriv a��f t��ny ciettn�'wh;Ch►i�rpu d.ImP�r th Ilen of thta Qood ot ttuat.Lartdar may requfro Borrowar to nesign any rlphte,clakne or
<br /> o� dehnau whlcD art er�y h�w�Qkttl�t'p�ht Vyhp s pplY lobor or materisia to improve or maintaln the property.
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<br /> 8,insurna�.8ono wlli-kteA�sxo�eity•NiwvYd u det term9 acceptebtn to Lander at Borrower'a ettponao and tor lendar's bortefft,AO
<br /> ►n�urt�nce poticles ahatl lnct�d��ot�ndard morcf�we clouao In t�var of Lendor.londor wiG C�namcd oo toaa pnyoo or nu tho Insurod on ony euch
<br /> • ,� ; intumnc�potloy.Any tniursner procesdt m�y!»appliid,wtthin Lender'�dlierotion,to eRher the rentoratton or repalr ot the demsped property �__�.
<br /> „ or to thuseurod debt.It Lender teqube�mortp�pe tnautsnee,8orcower eproes to meintakn sueh Insuranee for aa long ea Lender repuirea. -
<br /> �' 4.PropMty. Borcower wfll keep the property in good eondlUon and make ali repairs reasonabry�eeesaary. �a•:.
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<br /> � a..� ��^- 6.E�s.Bor�owe�aprees to pey att lender'e exp�eneoe Irtetudtng reaaona6le attorneya'teea,If Borrower breeks eny eovenaMe tn thfs deed
<br /> . , ot truat a in any obligatlon securod by thla deed of trust.�onower wili pay these emouMe to Lender ea provtdad in Cavonant 8 of thta deed o4
<br /> ttutt.
<br /> � s8ecu�Mierests�Boi w su wip per�foim e0 oftBo iowe�e obllpauona undei eny pe oi�mwtgtpe�desd of trt�t ori othor�oe8curity ageeemeM� c
<br /> Inciudirg BorroweYo eovenants to maks p�yr�tenri when due.
<br /> a . 7.As�a�t at R��nd Prolib.Bortower aulp�u to Lertder tha rants e�proNts of ths property.Unteso Borrower ertd Lender have agresd
<br /> .;. otherwre in writinp, Borrower m�y eottaat and retatn ths ronts as lone as Borrower is not in deTault.If Borrower detautto,Lender,Lender's
<br /> ,� aptnt,a a court appointed roeolvet maY tnke poaseealon end manspe the property and eofleat the rents.Any rents Lender colteats shall be �_
<br /> G apptied fnat to the costo of manaptr�the property,Inctuding court coats and attomeys'fees,aommissions to roMal ag�ent�,and any ather
<br /> necsaaW relned exgenaes.The romaininp amouM of rents will thon appry to paymenta on the eeeured debt as provided In Covanant 1.
<br /> �` 8,L��cc,ya's�s C�;Ple�r_d UeSt Developnbnts.6o�rowe�+►8rees to comply with the proviskons ot any lease R this daed of trust b on
<br /> �• a�eesetald. It thts dasd of trusc ia an e unit in s condomtnium or e plenned unk devetopment.Bonowor wt11 perform att ot Bortower's dudea
<br /> urypr the covenarm,bydawe,or reputaUons of the eondomtnEum o�ptannnd unR development.
<br /> g,p�p�iry a}��ndw to P�r(otm for Bottow�t.if 8orrovror faita w�peAotm any of Bortower's dutieo under thia deed ot trusL t-e�er may
<br /> ���nst u bs�on�%p��oprtty te dist��tw�id or�not eirtined on in i reg aso�nabte�minne.Lende►�ay do whatever larta aatary toc p��Lendei i
<br /> ' eacuriiy intersst[�th�propsrty.This mey(nelude comptetinp ths construedon.
<br />_ . �ende��faiture to pertorm wili not prectude Lender ftom ezmcistng any of its other�fphta undor the�aw or thia deed of trust.
<br /> ' . ar�id wiM�bea�r i�iit trom t�hs da e�of�e payment u�i�tll wfd in tup a i��ireiteeres�t�in eNect on�seaured dsbt urns wiil6e due on demtnd �--
<br /> � � 10. DdWtf�nd Aewirat)on. If Borcower faib to make am paymem when dus or broaka any covenanUt unde►tMs deed of trust or anY
<br />,,. ' oblig�Uon seaued Ey thia deed of trust or any prlor monpepe or deed of trusL Lender me atxelarate the maturity of tfio seeured dabt antl _
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<br /> ,. . - demand Irttmediate payment and may imroke the power of saie and any othet remedtes psm� ed by app�ieabte law.
<br /> -- h�et�o���f es��{porcan.w�at�tatls hsrola.�#�ot tl�e noticea ot detauk and eale be seirt to each Rerson wMo ta a paty =_
<br />�� • . � 12.Pawa of B�N.If the Lsnder invokes tM power of ca:e.4ke Trustee shaU flrst reeoM in the aHfcce af tha ropister of denda of eaeh eaunty
<br />-,.�. � ,, � ayheretnths trust property or aqme part ot parcei tbereof is si8vated a notEce of default containinp the infortnation requked by lew.The Twtee
<br /> �. shaU also mail copiea of tt��Mks of detautt m dee Bonow�t,to eaah parsoo who ts a periy hereto,and w other persoro aap�esaibed�y
<br /><;» q•�-�;Y;;, eppliaaDle taw. Not tess tl�an ona montl►eiter the Trustae records the nottee of default a two mo�Ma if the trust p�operty ia �ot in eny
<br /> _. incorpa�ted dty a vflUye a�+d i8 uaed[n farmirq o�paratto�u eaaied on by the uustor,ths 7rys2ea.shall Q7vq pubite nottas of uls to the penont
<br />-�.,.�_..;��,��,/ �� and i�the mw�mpre�cribed by�appplieebto�aw.Trunee,without demand on Bonower,sh�fll soll the proptrty at publio auction to tha fil�hest
<br /> :=. •.� . .Xtr;'� bEdde�.If roquked by tDe F�rtn Homeatesd Protection Aat,Trustee ehall offcar the propertY(n two ee�st e anlea as required Ey a�pfi.c�at�3a I�w.
<br /> Trustee may postpone sale ot alt ar arry parcet ot tM propercy by publia armouncement af the tlme and p1ace ot any proviousry sd�edufad sele.
<br />��''""�'�''`� Lender a its desipnea msy purchaae the properry at any sale. ' ..
<br /> �� � ''�}� Upon roceipt of payment of the prfce bid,Trustee shell des►�ar Yo tAe purchaser Trustee's deed conveying the prope►ty.The rocitiais comained in
<br /> - ''"' � Trustee9 deed shell De prlms facie evidtence of tha truth ot tha atatemeMS cor►tafned theroin.Trustee shsli apply ths procaeds of the sate h tf�e
<br />"".,.""' followGip order: fel w aQ expenses of the aale, i�tu6ing, but not t[mited to, �eaaanebfe Trustea's teas. reasonabla attome�s Mq�and
<br /> i ••""4�,;r;y� retnstatemnat teos;tbf to at!auma sewred by tNS deed of trust,and(0)the baience,H any,to the persons tagaliy enttUed to roee(ve it. •
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<br /> ..„��s�; 19.Fandesw.At Lender's option,this deed ot truet msy be foreciosed in ths msnner provEde by appficabla law for toreeloaure of mattptpea
<br /> ti*,�,�,�.�� on rsai popsrry-
<br /> f,�,�� 14.{� Lander may mrter the property to insaect it ii Lender gives BoROwer nodce betorohand.7M notiee muat atate the rosaonabie __
<br />- causa f �ender's Inspectiaa..� _
<br /> r_.-�,;.-,,;..-f� 16.Card�arn�tfon.Bonower'assipns to Lender the proceeda of nny award or dc[m tor damegea conrteotad with s condenanadon a a!b».1nkEt►g
<br /> -_;;;?y�41.5, oi�p atny pttt of tfie property.Such praoasds will be applied aa provided in Covenant 1.Thta sssigrtmesrt is eubjeot to the terms o4 ahypriar
<br /> -.- ,�•,•i�..:t,, seeurity�areemeM.
<br />_�r,:���.,
<br /> •- 1&W+Iva*.6Y exercising any remedY available to Lender,Lendar does r►ot qtve up any riphta w tete►use am other�erts4�y.Sy noY epc�tcbEnp -
<br />�,�,,,�•, any remedy upor Borrower's defautt,l.ender daea not wafve any rigM to Ieter aoruidar U�e eveM a detauh M it happens agam.
<br /> ��y� �' 77. JaYit and S�vwd .Coeipkxs: Suce�uas�n8 Aalpns 8auwl.All duttea under thia deed of trust arm iolrlt 4nd severat.Any
<br /> =-�=�r�� Bottower who eo-s(pos thfs deod of Vuai Eut doea not Caefpn the u�rt�tng debt tr�atrumen'tte) dooa so onry m gran snd eomrpy that
<br /> =�_���`-= Borcow�r's intsre�t in the propeny to t!n'laustae under tha terms of this deed of�uat.in�ddhion,such a 8or►ower�re'as�tlq 1��1der and
<br /> �"���:��` any oth�r Bortorver under this deed of uuaY mey extem3.mad�or make any other ehanpes in the terms of Uds aesd c►?Vucf�or tP�o.aecured
<br />--�•�•' debt vdthout that Bortower's conser�t and tv'rtt�out reteosing that rrower irom the terms of this deed of trust.
<br /> _ �����r`•` The dutles and banefita of t�is dead of truat eheil bind ar�bsneflt the successorn and assigns of Lender and Bortower.
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<br /> '� 18.Nodr.�.Untesa othervvisa required 4y►aw,eny�otiae to Bortower shaU be qtven by deiivering k or Dy mai�ng k Ey certified mail addreased to _
<br /> -." . . ." BaROwer at the pro�en1►addreea.9�arry oihar�ddroas that BorroMrer has qiven to Lendor.@ortower vrtll gtve eny�otice to Lender by ce�tif'ied
<br /> . ��. mail to lendora addn88 on paQe t of this dead of Uust.or to.mr other addroas whfch Lender has Eeaignated.Aoy other notke to Lertdr�tha9 �-_-
<br /> be seMto Lender'e address ea ateted an page t of thta deed of uust. __
<br /> � Any nodca shnil 6e deemed to fieve t�een eiven to Borcower or Lender when Biven in tho mertner stated above.
<br /> �� � 18.Tms4�n of tM P►opMY cs e Bere�fktal tM�sst h th�BoROw�►.If stt or any part ot U�e propertdy or amr interest in it ia sold or transferred -
<br /> �� .�m o�t�81e{sBW�tower�is�iro e n�at�urel�pe►�n andda be�neflda�nte�restp inmtl�Borrower i��d ob��6rred However�len�der may r ot —
<br /> derr�nd OaV�M��ebove eituatians i4�t ts prohibitad by federat Iaw as of the date of this dned of Uuat
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<br /> f . Y0. Raonv�yann.Nfhen the o6ligaaon so�vred by this dead of trust has been patd and t.ender haa no turther obtigatian to mako advaneea --_
<br /> under t�e inauumeMs w a eMa seaued bY tNs deed of uust,the Trustee shatf upon written request by th0 lender,roconvey tfie trust
<br /> ��" � pro�rty The Lender eha!! aliver to the 8orrower.ar to BorrowePs suecessor In intarest,the wtt deed an0 the note or other evfdenee of the =__
<br /> - obltoetlon so satlafied.Borrower ahatl pay any reeordatEan coste. ---
<br /> ` �` 21, Suocossa TnestN�eJ, oR Lender'a o�on, ma �emove Trustes arW appoiM s euecesaor Uwtea by flrot, ma�ing e wpy of the �_
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<br /> � subatiMion ot tru�ii �,,W aAP�f�b1e sw,aprrMr ttheo,by 8I3np the aubadtutlon of Uwtes fat record�n tl►e oHice of the register of dseda _..
<br /> � o ' su eee8e�ee t�o enythe 1pohvtve�r.dutes,a u U io�n n�d r M'�te o �°�0f�ia situated.The suceeasor trusteo,witl+out eonvayanca of the propert�r,shali _
<br /> f t h e Tru s t ne na m e d In t he d e e d of tr u a t and of an y auamasor vuatee. � �
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<br /> EANKdtS8Y8T81S.UtC..8T.CIOUD.MN 66301 11-R00-981dS�11 fONY OCP�MT6�7F 0/19181 i
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