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<br /> . � - BaROwer ees Lo ma1�e aU payma�ta oo the gee�ued do�t whon due. Untoss Borrower and Le�dar agree othervvise, ar►y
<br /> � �' �' � Ta @orrowee's henefit wi11 bo appllsd flrst to anY emouMs Bottower owes on tAe seaued debt ,
<br /> PgY+�ents LenQer recehrfls from Barrower ot .
<br /> - • ,. exctuy.ive of ir�terest pr prIn�pe4 saCCnd tp���,and ttuin w prine4pal.lf pertlal Oropaymoat ot ths eec�ued debt oeaas tor am/�eason.it wID �•.'h_��-
<br /> ?.� � .�s ��eaaee�r exa�so any scneaur�a vav+�►e�n urtli tho scatted dabt is pald in tuD. � .: .
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<br /> . t�o tn�pe�rty�ag a�e y�����tilc�A�ierouid�tmp�ait die Uan o�t ttiie QauO of truet lond�cr mayt ic+4u�ire 8or�rav�ver m Bassigneanyr r�gMe�clalms�or 6 , �. �'
<br /> � detenses wNc�►BmroWer may t�ave.agataat pzrtt$a wl�oet�ty IeLor as motadota to lmprove ur matntain the properiY. , , :
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<br /> �� `- �..: G.`:: 8.tn�rmico.Borrower wUl kaep tha O�eR�y gin�gsurat!undsr terme oceeptuEfs to tenCar ot 8cnuwafs expe�ae and tor t.ender's benafit.AU .,� ,4
<br />"- '"'_,;' '?,n. .� �n�p�li�`aley.s qs�hyyell�e�ep�ay 69-a@p�pliad.wit111n�lenQQ BQIs oUor�i.tWO GIUtOi timlo�te6toreUon ar repaU ot dte d8ma9ed P�PO�V , "'•:`
<br /> or to the seaued deCrt.it Lendet reqidrea moRgage Insuronco,BCftOwO�8Qf0@8 t0 t+lElftt81t18uCh IfIStA8nC8 fOr as(ong 8s Lende��. �s : c',`
<br /> , � 4.Proporty.Boaower wUl keep the property ta good candition and meko ell�apaUO reasonebry neceeaery. .� .
<br /> ""� 5.6��tes.Horrawer agteea W pai►att tar�'s Ind�din9 rea�onobin nitomoYS'tooa,l!8ortower ereaks enY covanairts in tfiis deed ` ;��,; .
<br /> � �G- '"'"`� of trust ar in any obilgation seeured by thie d6od o�f�ist��ortowor wfU pay tAaco amounta to lortdnr as provided in CovenarR 8 af this deed ot ;�K:�_--'•`
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<br /> `.A�a�°",• "`,� 6.P4for SoRSEty h�mroata.UNesa Bortnwer ftrst obtsins Lende►'e wr(tten conaoat.Qarrowo►will not mako or permit arry cha��s to anY Prio► `'.r" � . ,
<br /> :-•:;�:.- ' t sot��yr ir�terests.gcr►ower w(I►Qarform aU ot Borrower'e obiigat[ons undor any prtar mortgago,dettd of tntst or otfier securitY�eg*eeme�rt. ��,t
<br /> __�,-_� :�".� �tCAsd'uig Bortower8 cavenatrts to meicA OSymetrtB wtien Quo. .� '..•�:..:
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<br /> � `� • � �`�N; . T.AssTgnment ot Rarts and Pro4'sts.Baaower essi8�s m Lender tA9 rente onA proflt�of tho propurty.Unfaaes Borrower and lender hav8���greed :Lt%.6A;°��'
<br /> '-� ;�,�.'.,z;��:` . ntheMnss in writing.Borcawer may coftece and reta}n tJta�ents 89 toitg os Bortawar la not(n Qefatdt.tt Bortower Qefautcs.leader,tertde�s ,;,��a�;,:
<br /> '�;��-�,'•_., �s. agem,or a cnurt apPofrted teceEvarma�r take poaseasion end manage ths OroAetN an0 coRect tha�errte.My rorrta lender coUecfe sha0 6g .;r,�
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<br /> �=R�?s i",{�: appTiad fust to the costa of mana 4t►e prapertY. IndnQi eaure eosts enA attomeYa teoe,commlaslona to rentel egems,and errv mhe► .
<br /> �.;,.,�H�:,,�?,tyu,�r, rtams�y related expenses.The remaTning emaurtt of rertta wfli then aypty m paYmeats on the securad Qobt ao provlded in Cavanarrt 1. _
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<br /> -�•.�!i;'��%''r� :`E�. g.Eoas�haids;Cando�d�na:Pf�aud U�tt Dsv�a�ma�.Borrower agrees ta cort�pty wltA tho atovistan�of any tflaso if thts deed of trust is on ;� . ',, „'
<br /> f i+;Y�,�...,._`,,; a teasehoid.if this deed at uust ts on a unft in a condomintum or a�►anned uNt devetopment,Bonowor wiil penarm ail of Bonmxe�s dutles . �
<br /> .f . under the wve�.EY-tawa,or regulationa of the condominlum or ptanned untt dnvofopmeM. •
<br /> � �`��(,'`� •';;,` � • 9.Author�3y af Lender to Pe�farm for Bonower.tf Borrower fatta to�Redorm any of Borrower'e duttfle unQer thte deed ot trust, tender matE �. <.''`:'.� . (�,
<br /> t, pertom,Me Quttes cr eause them to he performe0.Lo�sder meY sign 6arroweYe name or pay any umaunt t1 aecessary tar performance.It a�• 4 _
<br /> { t t{ :; o��n on the property ta discortdnued ar nat oertted bn in a raeaonabie mannar.LenQer may Qo whetever 18�cessarlt to protect t.enders =
<br /> �;;��. f., , �c�."�+tti'1s�terest in the praperty.This msy Mtdtde eompteting tAe canstructton.
<br /> ' '`?�`r- -"�'`g` ter�r's fa�Tme to pertorm wUi not p�edude Lender from exsrcistng anv af ita other righm�u�der the lew or this doed af uus� �_ �4:° .
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<br /> •� AnY amowns paid by lender to protect LendeYs security imerest will be so�wrad Ey tNa deed of truat.SucA amaunte wiil bo due an demand r. ; ..,,...
<br /> , . ���� enp�nn'p 6esr himrest irom the dete of tha payme�untU pafd In tull et the inter�ost rato irt aHoat on tha securod 6nbt. , ..
<br /> � � ' �•. 10.Oefauft end Aeeaterallon.If Bortower taila to make any payment whan due or brettks erry eovonanta undar thia deed o4 trust or ar�y. '' �''� •,..".
<br /> � . obtigedon sec�aed by this deed of 4rust or atry pdor mortgage or deed ot trust,lender may eccolereto th0 maturity ot tho see�ed debt art� , ;
<br /> ._._,.,� .:, - • demand immediste paymecK ana may imraka tho pawer at sffie anA anY oth9�remadloa portnittod by eppfic�hto taw. �..�_.:.'
<br /> � ✓�� 11.Re�reat for NoBee o!Qafmd�-tt is hereby�equested that capies o1 tha noticea of detautt emf eate be ecnt to eaeA person who is a party, . -
<br /> � hereto,at tha adQrass of each eueb person,as set fortA herein.
<br /> • .` 92.Fowar at Saia.H the Lender tnvoltes the power of sate,thB TNSt89 8h811 fUBT tQCOfd 16 tA8 6NICB 0}th9 f8gf8tOf 0}dQfl�O�6ECh COUiit1/ � -': .
<br />, ,�: � "; r whffiein the aust proparly o►some pert or parcel thereof is situated a noUee of dofauit containlng ffie tnfartnet(on require4 by taw.Tha Trustee :-kx-.�
<br /> , t, .`.. . to each person who ie e party h .r.�•.
<br /> shap eyso meA coDfes of the nottee of detautt to the Horrower, ereto,an0 to otAer peteona asp�eswtbad hy ,,--�-
<br /> :' r'�.;'�� • aDD��►a law. Not less than one motrth aiter the Trustee recards Ma notice of Qetault or two moniha(f tt►o buet ptoparry ia not M any ,;::�,,;..;
<br /> �;'�,+��t; : •. (nwr�d city ar vlUage and is used In tarmtng operaUons canled on by tho tru3tor,fha'Frusteo shail qlvo pubite noUco 09 aalo tp NB persoris ;,��,�,r.
<br /> " and i�2."is manner preacribedp�apppfleabte law.Trostea,without Qemand on BoROwer,shatl sotl tbe proDo�tY ot Oub»o aucttan to the Aighest �.,... ,.
<br /> ` ' bfQder.H requtred hy the Ferm Homestead Protee6on Aet,Trustea shall oHer ttie propart1i!n two soDasato oatoa aa roqulrad by appAec�te taw.
<br /> � � • T�ustea may posspona sate of aQ or any parcel ot the property by pub0a announcemem et tho timo and placo of any previausry acnaQutad effie. ;�'
<br /> � ``�' �� Lender dr its designee may purehase the property at any sata.
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<br /> I ~ - Upan ceceict of paYmeM of tAe prFae btd,Tn�atee ehafl defiver to tAs purchasor Trustce'a deed convaylng�o prop�try.Tha►acltiata oot►4aMed it► ��� -
<br /> `�� � '� • � TrusteB's deed ahaU be prima facie evldienee ot t4�s uutl�ot the statemonta conte(nod tharetn.Truatao ehetl appN tho O�aCeode of tha etl10 in the ��J(kf�• '
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<br /> •�� �� � . toitowing oMer: tef to all expenses o!tt�a sate, including, but nat Ilmtte0 to, �oasona6lo Trustao's faoo, rCCtsanaDlo nttarnoye icon and _v-'.;�41�t;3�.��;:
<br />• reTnstatement tees;(b3 to aU sums sewred by this deed of truat,an0�c)tt�a batance,if any,to tho porsana togaf�y oatfttad to racoiw i4 Yn.,�,.
<br /> • . � � 1S.Foractosuco.At Lender's optton,this dee0 of trust may ba torectosed in tho manner provido by apptioabto law for fOtoct0aur0 0}moRgBges "'�°-"
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<br /> . ,•. `� on reel property. � �
<br /> � 14.fnspeedan.tender may enter tAe property to inspect it if Lender gtvas Borcawot notieo Ooforehand.Thp aotico must atata the reasonabto
<br /> �� � eause t�Lendera inspectlon. ;
<br /> ?i�' " 16.C�ifp:s�sBon.BoROwer assl�r►�to lender tha�roeeeds of any awerd or claim for 6smaaas connaete0 wlth e eonQEmnptlon ot othor laWng r
<br /> � of all ar.frnir part of the propeny.8uch praooeda w111 be apptied ae provtAed in Covena�n 1.Tt�te esal�rtmo�IB eubjoct to t?�o tarma ot any pttot �..;-� :
<br />_ •� . securkY$&seamera. ';4;�' -^��
<br /> � 16.Wt�tver.61R�cfstn9 erry reme�y avaitaDte to Lender.Lander daea not give�p or�1►righta to lator uco anY othor romody.By not oxercising ..
<br /> � � �, any reme�y��BaROwars detaulG Lender daoa not watve eny right to tater considor mo avont a Cofautt H it neppons ageln. -
<br />�� • ' � � 17.d�rtt a�Sbveraf Uabllttf�: Comlgnaro: Snceeaears ena Asa(�s Baand.Ali duUos unQar tNe doad of truot aro(otrt and a�rorel. Any • =
<br /> • Bonowan xulw eo-s(9ns thia eed of trust but doee not easign tho undartyIn9 de01 1nsErumentta) doe9 60 onty to p►artt and convey that
<br /> � � Bortower s IMerest in the propaRy to ttie Trustae under tAe terma of thls daed of trust tn oQQitton euct►e Bonowor a8reea thot tAa tondor ond
<br /> � � other Borrower under fhia Cee d o f truat may exten d,mo d itv o r m a k e a r ry o t h e r c h a ng o e t n t�o t a r m s o f t h i a Q a a d o t t r u e t a r t h o a o e u r a d �
<br /> ,;� � , �t wWrout that Boaowera wnsert end witAout retoasing that Bortowar irom tho termo of thia dao0 of Uuet. .
<br /> • , j The Quttes end beneftts o!thla QeeA of trust sha0 Aind and bonefit the sueeessore end assigns of Lende►and Borrowor. ,
<br /> . ��' .� 48.�JBxe.Untesa otherwiso reQuired by law,any noUee to Bortower shefl�a ptven Ay Qoitvo ing lt ar by mufling it by eartlflad mtiU 44Qraa4a0 to � � .
<br /> * '���'`� �� � Barra�xsr et tAe proDerty aQQross or amI othor eddress tfiat 8orrowor has�tvan to LanQar.�onower will gtvo any nottc9 to�anIIm bV GartNiod .
<br /> '"'" " '• � : � maH ca�en8er's adaresa on page 1 0!tnia dead of truot,ar to any other eddruae which Lendor has doslpnatad.Any othar�ot co 40 lonQOr oha11
<br /> �• t�� `�' � ) b0 s3rn to Ler�er'e address ae steted on page 1 of this Qoea of trust.
<br /> ' ,•'��t'::�, Any rratica shall bo deemed w Aave baen gtven to 8onnwer or Lender whon givFm M tho manner statod ebov�. '.
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<br /> '�� 19.fsmrsfer o!ths Prcperty or a BensHNai knuest in the Barrower.ff eit or any part ot tho Oroyorcv or ony Irrterroat In It le totd ai t►anafanad �
<br /> � � w's�+•,n G.ender's prior written consor+t, LenQer may deman0 immedlate payment of the eacurad dobt. 4ondar may elao Eomand Immodlato . .
<br />�_`��;'�,,:i � . payr,i3rsi if tne Bonowor is rtot a nat�ual erson and a beneflcial tntaroas In the Bonowor te sot0 or uanofarrod.Hawnvm.�ctndat moy not
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<br />--,:�.;�,,;�.:, . : 6er:�r.:�payr.�artt in the above sia�at1ons if it ts prohiDited by taderat taw as of the date af thlv daaA of truat. • .
<br /> � . :, " 20.Rec 1Nhen the obllgeUon secured by thta deed of truat haa been pafA and Londor has rto turthor obttpatlon to moR�advanaoo � �
<br /> �'•;1 � under the�ente or aBreemonts secured by thia Qeed of trust, tAe Truatao shatf,upon wtiKOn requaat bV tho lender mcanvey tt►e Rluet
<br />-'� +' � � obfig3�a so�Uatdiea$Boaowevi lsha i pay any eeordeUon co�ePe suceeasor in irrterest,tha trust dood and tho nota ar o�nor oviQOneo of th0
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<br /> Z1.Succ�asor Trust�s. Lander, at Lendera opUan, mey remova Trusteo anA aDpolnt o succe@eor wstao Oy tireL cnailinp a CopV ot tria :
<br /> substftuUon o!frustes as requUed by apptioabte law,end then,bv fliing the suDetitution of ttuateo for rocord In tho olftao ot tho ragtttor ot doaGe
<br /> _ �. �� o!eeeb eounty in wfilcb the trust praperty,or some art theruof,l9 sltuated.The suceoaeo�trustao,without convoyanoo of tho proDaity,ehatl
<br /> _ . � succeed w eil the power,duUes.authority and HUo o�the Trusteo named in the deed ot truat and ot any sueeeeam ttuofav. . .
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<br />.-`,• . ' - � B/WREP9 SYStEM9.INC..Sf.ClOUD.MN 89301 t1�9 0 0-3 97-18411 iORM OCC�MT6NE 8118l91 _
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