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<br /> COVENANTB �, Q
<br /> � 1, 9svrt�ent0. Bor�owar a0rnst to m�ke�7 g�ymente on ths sseured debt w�h�d fl�ist�to any umouis eoi�rowoe odwoa on tho secured debi '
<br /> payment� Y Landor rucaivoa hom Bor�owor or or porrowcr'e bonoflt wlll bo app
<br /> not reduee or exauae enyi�chedulad poymont untll the s°�u�ea eeb le�paW ln tun�a�Prepayment ot tha aecured debt oceurs tor anY roaaon,It wlll
<br /> ���ryyi�Aa�Nfyt Tltl gqrptNN�wMlgiy 1H t+k�N�iYl� ent�. end other chareea attributabte to tho proporty whon duo end will dotend title .
<br /> to the property s ainst aqy,c{,'�uN�{C1�woutd�th+A6�� en of thle deod ot truat.Lender may requlre Barrowor to esalfln any riphte,c41ms or
<br /> � detana�s whtoh�otto r h,ve a�111(tiflrll�ftM�w�o ao pty lalsor or materinis to Improve or malntaln the prupartY.
<br /> t "�y , •�
<br /> � 8,lnwranes. 8orraws wlil'ko6q'ihb prope��(n`s�ie4 ur r toeme seeeptable to lender at Borrower's expanse end tor Lender's bsnetit.All
<br /> insurancw policlas ahat!t:�utt1 d otandcrd moitnepa cteuee In tavor of lender.Lender wAt be named as toss peyoa or os the Inaured an nny euch
<br /> •- - � or to the se�e��ed debt�If Unde�riqWres�mo�9i Iniurineilth6orrower��p e�ai tokmtintnlnhsuch inautance tor as tong�ss Lende�eQutrei T�p��
<br /> �� 4,pirop�rty,@orcower wtll ksep che property tn Oood conditton and make aU ropeUp reesonabty neceasary. -�
<br /> � " � ot u��or�n eny obfi�petion ieeured'�°y°�n s aeaa ot"�st��ortower wt0 pey thaso amaunt to Lender�ee p ovtda�in Covo a t e o��i:a�sa f ---
<br /> r Uust. —
<br /> ' g,pdar seu�y t�asl�.Unt �a 8mrower flr6t obtalno Londar's written eonaent,Borcower wlil not meke or parmh any ehan0es to aRy prior `
<br /> � inc�udf��Bonower s croventMe to make Pea�Y��u�en due bligations under ony priot mortg�ge, deed ot trust or othm sewrity egreement,
<br /> i �,p�t Q}g��nd FhoflU.Borrower esaipns to Lender the�ents and protite ot tha DTOPertY•��� �s�+�War aM Lender heve ayrssd
<br /> otherw o in vrtittnp. rrowet m�y aofleot and retain the tents as tong ea Bortower la rtot tn default. I�Borrower defeulte,Lender,lender'�
<br /> aQaM.or a eourt appotnted mcelvar m�y uke posaession and manege tha properiy end eotteet ttro rerrte.Any retita Lender eoileats ehaQ be
<br /> appl'�esf ftret to the coats of manesing tha property, inatuding eaurt coste end atto�naya' taes,commiaetons to rontei ege� rns,and any other _
<br /> . � neqsssry related expensea.The rameining amount of rents wilt then appiY to paymenta on tho secured debt ae provided fn�ovensnt 1• _
<br /> .-� g.(,ns�hptd�.Co�dominiumst plsnn�d U�t OsvslopmiM�•Bonower aarees tocp mPty wttfi tha Orovistores af nrry lease if Mia deed of truet ts on
<br /> a teasehotd.t�thts deed ot truat is on e unR In a condomintum ur a plwmsd anst asvelopmen�Benowe►wtll 9ert°rm ali of Bottower's duHea
<br /> ' ' urxfar thu covenarns,bydaws,ot�eputatlons ot the eondom�ntum or pianned unft devetopment.
<br /> n�, 9.Authwttll of L�r to PMam ta 8orrowK•If Borrowai fatia to Perfom+snY af 8ottoweT�s doties under tAla deed of uust, Lendsr may
<br /> . oo�ot�ion oo Me prropeelY�d����ot�t eanlad on in a(BflSO DbW�maru�tei,Lenperymey do whataver la en�eesearl►�ot Rmteot�l.�endei s --
<br /> ' security inureat in the prope►tY•Thia may tnelude completing tAe construotfon.
<br /> - Lender's tntluro to pertorm witl not procNde Lender hom exerctoing any of Ens other dghts under the Iaw or this deed of trust.
<br /> Y and wilt bea�r(M�etrdest t om Uie datepof�PaYmer►t uMI!p Id in full a i,tl►e IM�ereset�t�n ff�on the ecu ed debt unta wUl be due on dsmand
<br /> �Q,p�{���Qqt�ratlo�.If Borrowet taits to make eny payment when due or bresks any covenente undor thia deed of truat or amr
<br /> obtfgoticn cecured bq this deed of truat or aMr priot mortgage or deed of trwt,tsnder may aecelerato the maturity ot the seuirod debt end r
<br /> ; u
<br /> • demend immediate peyment and may invoke tl�e power of sele and nny other remedies permitted by applfaabte Isw.
<br /> ` � � �' !�,�.,.st tor Node�o}Q�twit.k is heroby requ�est�ed thet coples ot the noticee ot detauh and eate bs sent to eech person who ta a pstty
<br /> `° ''�j`' Aeteto.ffi the address o4 eaci�aucA person,ss sec iorth hzreih. _ -
<br /> ..�'�• c.7.l6�>
<br /> ..'�,.� ' ''`? tZ,pq,�yK o}g�•if the Lender tmrokea the power of ente,the Trustee ehe0 flrot record in the otfice of the tegfater of deeda ot each county
<br /> „r.'�:.�;:��':" , ng
<br /> whaTp��tha trust prqperty or ooms paR ot patcet themof le aituMed e mtTee of defsuh corrcaini the iniormstion roqutrod by law.The rustes
<br />-'�',�"fif ;; � sho t atso mali coples of the notice of dsfauR to the Bonowar, to eaeh person who is a pariy hereto.and to athar penpra as pro4cribed by
<br /> ''`<;:`,'.• " app�laWs taw. Not less than one moinh aker the Trustee records Ma notiee of defeut4 or two months II the trust OroPeriY ie not in eny __
<br />��;_`�-.t' t the Trustee shstl Qive pubiie notice of eale to the persons
<br /> ;�;,.�,�,f',�+��. !;: (�aorporated eity or vfila9e and Is uaed in hrminp operetMna carried on by the trurtor.
<br /> a,}t.f,.�,;�; • �:` end in tfie mmner presaibedpyH apppitcebie taw.Trustee,without demend on Battowerrt,yehati ceil the properiy e4 publio auaUon to the hi0heat•
<br />_�.�,,: ,�; . bidde�.It revuirod bo1�l0�te�ot e►loar�Y P�1�Me P or perh►bY PubliC an�iw�un�cemem et the Ume end p1aGQ of any�eprQeviouah�i schei�dulpd�s�aiws,
<br /> _:.,�.,, ..,; ; ,'• Truatee maY P�P
<br /> ''-���-+�rt tender or fb desipnae m�1r purchass tfie ProDortY at any sate.
<br /> ;� �'`'�` Upon roceipt of paym ent qt the prtce bid,Ttuatee ahail delhrer to the purchaser Truatee's daed conveying the properiy.The�eciUnis coMatned in
<br />=r^~��•'" � 7ruates's deed ahell be pnma heie evidbnce of the Vuth of the statome�contained therein.Ttuatee shali apply the proeeeds ot the sate tn the
<br /> following order. Ia) ta e t i expenses o t tl►e s a t e, i n e t u d i n g, b u t not Amited to,reasonable Truatee'e feea, roasonabb attorneY's fees and
<br />;;Y��_,.:,�,,.� rolnrtatemoM toea;ib)to nfl sums securod by th4s doed of Wst.end tol the baienco,if eny,to the petaons tagelly eMitled to rece fve it.
<br />�v,�:. ,
<br /> a.o.r,,k.:,, 1g,for�etown.At Lender's optlon,thle deed of truat mey be foroalosed in tha menner provEde by appltcebla law for torectosure o martga8e�
<br /> �1:.,;�;'�'t�,�1 on roal propxty,
<br /> T:;,� �q,�ns Lender mey enter the property to inspeot k it Leider gives Bottower notice befarehand.The noUoe must stete the reeaone�fte
<br />�"'�"���� oause o�nder's InapeoNon.
<br /> gjinf - -
<br />-};;; �g� gonayrer assig�ns to Lender theprocneda of am►award or eleim for damagea conneated with o condemnaUon or other teking �;•.
<br /> :>�1 ;. of al or any part of the propertll•Such proceeds w11i be epplied ae OrovideE in Covanant 1.Thie assiqamertt is subjeat to the terms of arry ptlor ==
<br />,;�hr,.�._;.t. ,, a', security agreery�er�t.
<br /> ili:'tJd+CS:�e- �nl
<br />;;�ii���ti�; 18.Waiv�r.By e�Cerctsinp nny reme�y avaitabto to Londer,Lender doea not gtve up any rfphta to leter use a other�emedy.By rtot exercl$ing �
<br />;.;�?� ••� any remedy upon 9orcower'e detauit,Lender does not watve any rlght to tator co�atder the event e defautt ft it heppens agsin. �,
<br />�zi's` •-.'- � . , d,._
<br />�:�:;,�•`;- 17 Jolnt and Svv�nl U . Co�s��rss Succ�ssora and Aut9ns 9ound. Ap durie �mairt(i)do�ea eo oniyato prem and�conveY that
<br />��.�.�+,� goirorver who cas na this doed o trust but does not eo-sign the u er debt�
<br /> ��r.� aeY�ot�h�e�r Bo�crower�����s�d�eed of uu�mey uex�tend modi�r m�ik���o�d►e�o1u�►�deds,n�t�tae te�W�U�ii1a deed of tr�us�t or���sec'taed
<br />_�#: •s deDt wttltout that Borrowar a co�eent and wkhout roleastnp that rrower nom the terms of thls deed ot uust.
<br /> ,..=;•.1�'�;Rr'� • Tho duttea and�enefita of this deed of trust sheti bind and benefk the suoCeasore�nd aaslqna of Landsr and 8orrowe�.
<br /> .._.#�:: •
<br /> ' 18.Notie�.Unlese otherwise requtred bY tew,any nottce to Bottower sheli be given by dei(v4tinp it ar by malt(np k by ee►Ufted meil addressed to
<br />- ^��~�`;� � Bortower et tRe pro�porty addreas or any�other addreas that Bonowet has given to Lender.eortowet will give any notice to Lendet by certifled
<br />_ � �• ,n�,�� maH to LendePe addreaa on pege 1 of this dacd of uuat,or to eny other addross whtch Lender hes des(gnated.Any othor rtotice to lande�,4h��� _
<br /> be serrt to LeruiaPa eddreas ea stated on paBe 1 of thts dead of trust.
<br /> Any rtottoe ehetl Ee deemed to have been given to Borrowor or Lendor when g(van in the menner statad a0ova.
<br /> �• �g�T�s�r p}t�propxty ar�g�ftetr IM�rost in tM Borrew�r.�t atl or eny part of the property or any irnerest In k ia sold or trensfatted =
<br /> . ., � wfthout Lender s prior written conaeM, Lender may demand immedtate pa}m�ant of tha aecurod debt. Lender mny e�so demand immediate =
<br /> � paymeM it ths Bonower is not e�+sNrnt person end a benefldat tnterest in the Bartower la sold or transferted. However. Lender may aot
<br /> . � ;,� demand paymsm[n the above situetEona If it is prohfbkod by federel taw as of the date of thia deed of truat. -
<br /> � 2 0.R�e o n v+l r a�x�•W h e^t h e o b ti p a t ion secured b y this deed ot trust has boan paid and Lendar hes no turythyer obppation to meke edvanaeo
<br /> . ' ; � �nder the inatruments or apreomeMS eacured bY this deed of trust,tho S�us4ee shei f uPOn�e��deee 4 d a nd t h e n ote o,d r offier evl d e�o4'tAA =_
<br /> . „ a propeny,The I.ender shait d¢Itver to the Barrower,or to Bonower's sueceesor in ir�tereat
<br /> .:�`', _� obitgat[on so satiafled.Borcower shatf pay any rocorda4fon coste. _
<br /> �.�
<br />�---���-_--= rF � Z1. BuCC�ttOf �Ip��At LeMleYs o�on, ma�r f@moVO TfUBtee afid appo tflT a su6CE6SOf WSIOe vy nrei, .�.6m��y a�%wi �. ��► __
<br /> � � substkutlon ofv�us �J�Pq Y eDD���ble law,and then,bY filtn8 the substitution of truatae fot reeord in the offfea ot the register•of deeds �
<br /> ' of eaah courtY in whto�?�e ws3 property,ar�oma pert thereof,ts situated.The sucaescor trustee.w(thout comreyance of the property.ehatt �
<br /> ' succeed to ait the power,dutlea,authority artd titta of the Tn�stee named In tha deed of vust and of any aucoessor trusroe. 6
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<br /> pANItERS BYBTEI�IS.INC..ST.CIGUD.MN 66301 t/�d00,197•23�11 iORM OCPMTU-NE elt0/81 �,
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