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<br /> . t. Paymcnte.Bormvrer agreas tn make 8U OaYm+ir1� on the seeured debt wnen due. Untesa Borrorver and Le�der agree otherwise, any , `,
<br /> --: - .. paymoMa 1,ender reeeives ftam Borrower or�or Bortowes's hensfit ww be 9OD�ed Hrst t°a�►amounts Bortower awes on the seaued deEt : .
<br /> euetusive of interest o►principal.sa�d tstntorest,and tt�► pfi►dPa�-H pmUaf p�eDaVm°M of tre socurad debt oceurs tor any reason.it�nn�l t<� �
<br /> . twt reduee ot excuse any BM�t$dut80DaY91�e►►t utrtil the seC�u�S bt is V�d in tu!!. t t, , `,"
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<br /> . 2.qatms AgaU►at Titia.Bo w wiD Pa�l aD ffixea._655esSi4ls .and other eharges atUiEutaLis m the pro9ertl!vuhen due and wii!d3f�and titie .
<br /> ` m tlia Droperty���nst a�Y tafm�v0�tc4t w6nffi �4�tte UAH�om aemsamiias�tmpao arymeairt�min etl�ie proDercSlassign emf�9�•daims or :�t ' :p r•:
<br /> defsnses whtch Konowar���Q��E� .
<br /> 3.trtaacaneo.Bonower wi0 keeP�aroi�ri11 insured undar terms aeeeptabis m Lender at 8ortower's e�anse an d t o r L e n Q ar's henefit.All
<br /> Insurance polides sl+a9 iedude a standsrd R►°r��e da�use in favar of 4ender.lender wID be named as loss paYee or as the insured on any euch , ,
<br /> a tor�e�seCtued debti f�1 Le�r�d�eriaqiif es me gage insurance�,Bor aw r�greeat o malrt��in sach insu�ra��e�e for es long es Ler�iQer�roqgiii es�� .
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<br /> ��r,,�' 4.W�a�porty.Borrower wi0 keep the ptapertY i�gaod condhIon and make a1t�epaira reasonaDiy necessary. _ -- J
<br /> -- 6.E�aresoa Borroweragrees to Day aU Lender's expensas.inetuding reasonaDte attomeys'feea."rf Bonower breaks anii wvs�in thls d�ed : . ,:
<br /> • � �' of vust or in anV abUgation secured by this deed cf uust-Borrower wili pay these amourts to Lendar es provtded in Cflvenant 9 af this deed ot
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<br /> - . � . 6.Frior Seeuriif!h�ea�.UNesa Borrower firet obteins Lender's written conser►t.Bortower wili net make or permit anV ct�anSes Lo aml Prior �,;:.,. .
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<br /> +'-. . � : �� B�o �a c�ove�na�m ma�p��when d e�t'�gatiuns unQer arry prtor moRgeBe,deed of uust or other securttll a�aemeM. : �; '�.,,...
<br /> . `" yf.pseianmem ot Reata es.3 FroSts.Borrower assigns to tenQer ths rer�u and proftts o!d�e praperty.Untess BoROwer and Lender havLsndears : �
<br /> otherwf e in writing.8ortewer may eoilect and retain tt�e rente as tong as 6orrower is not In detautt.If Bortouver detautts.lender.
<br /> Bgg�It,Or 8 COUR SADOLRBd tBCBtVBr�nay take possesscon end rtsanage the D�PertY anA eottect the reirts.Arry rema Lendar coUecte ehall 6e . ,� �
<br /> appUed firs[to the castn of mana9iry��the ProP9rtY,inctuding eaurt eosts and attomeYs'feea,eommisstons to�enta�sgertts.and erry other `.-
<br /> • necessazl►reiated expenses-Th9 refI18IN�9 EfIlOW1L 0}!e!lffi will the11&DPN m Pellme�Re 01t th9 SeCU�ed dB62 AS p�OVtded iI1 COVet18rt[1. ¢ ''�•'%:,r.�:;Y
<br /> ,=`�,�' 8.I.easehntEs•Cortdundnhir+ta'Pimmes UnPt Devetomnns►ta.Bortou+rer a es to camp N��Provisions of eny Iease if thts deed oi uust is on ,:. . :
<br /> _ �Qe�����n�a py�-1 a w s,�or r e g utatia sn�the�crondort�ury m or P�p��ur�t dB'ret°DSS�e�Bortower wi►1 per-fortn efl of Borrower's duttes .
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<br /> � g,Autharity of Lendar to Pa�sn tor ga�ro�fel•�f eart°we�t�ts toD erfortn anY of Borrower's Quttes under t4�ts deed of trust,L�ender may ;4
<br /> ` perform the duties ar caus3�.`�ra»to�s perfartned.Lender may sian Borrower's name arpay enY amourrt if necessary tur performam�.If anY - :,-
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<br /> ,- f' .�,'-::4., s�eqm�ci��i�netne preope y.This�maY(dndud�e Com�p►e8ng d�e Con�stru��~.;onmanner.Lender may do whatever(s neces.+'�►to Protact Lendefs Y .
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<br /> -`—"�`}'�•.,:: Lendafs taSitre t�perfotm w�l not preclude Lender irom exercising enY o�it9 othar HgMs under the iaw or thes Qeed ot trus� < . �.....:,.�..-
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<br /> ' � AnV amaunte Oaid W Lender to Orotect Lendefs securitY intetest vn��be secured by this deed of trusL Such amourrts wiD be due on Qemand `
<br /> • and witl Eeat irtterest irom the date of tP�e paymeirt�mtil pa10 ia tull at the irterest rate in etfect on the sedued debL _
<br /> ' :%;;�"" 10. Oata�dt m�d AaeteraHm�. tf Borrower fa3ts to make erry paymeM when due or breaks amr covenanta under this daed ot trust or eiry .. .. ..3
<br /> ' " n saaared by Ws deed of uust or any prtor mortgage or deed ot trust,Lander maY a�t����r�of the searred debt and '• : "_::.
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<br /> �,r.�}E:,'::., demand ittsrndlate PaSt"'.eat and may imroke the power of eate and anY othe►remedies permitted bY eDD�icable Iaw. ,.,.,._,F- ., _
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<br /> � • �'''";�� '•,� herem� ae dudress�o��us ef�person,a�s set ufor�h re ein.�p��of��_���detauit end saTe be serrt m each paraon who ia a party ,
<br /> �• 12.Powar af Sate.if the Lender invokea tha powe►of aale,the Trustee shail fasi seaa-�in Sse office of the re��^�af deeds of eaeh cowitl► .
<br /> ' `��•s ' wherotn it��vst DroDertH or some part or p�cet theteo!Ia sttuated e notl�e of dafaott cortaintng the int0����d d1►�aw.The 7rustee _�-_�c .
<br /> � . r5:�..`� � shall aTso rn�e+optes ot the noUee ot detauit to the Burrower,to eacle s�arson who is a parN here�,and to c�G+�sons es�saibed Dy --f;,-
<br /> �' S us c��t in any
<br /> . a ^ aDPlica6le�- Not less than one montA aker the Trustee recards tt�notice of Qetauft,or two cr�r-rhs if��Oo D���p�o� �,,�.r;,'
<br /> j incorpo�at�9¢RY ot vUtage and is useA in farming operatlona carried on by tha trustor.tAe Trustee s��a puD1�
<br /> and in the manner presaibed bV�aDODn�bte law.7rustee.without demand on BoROwer,shall setl C��CaopertY ai�b�c aucttcn�ry':e higheat
<br /> p��,�}re�rgp tiy th0 Farm Hcmestead Protection Ac4 Tntstee shail offer the ptoperty in two separate sales as caquired by appUceble law. >��x
<br /> � - • • Yrustea may postpoae aate of aU or any parcef of the pmperty by pubiie ennouncemarrt at the time end pisee of a�ey�reviausiy seheduted sale. . `,, , -
<br /> , • LsnQer or its desEgnee may p�uchase the propeRy at any sate.
<br /> �' Yhe recitiafa corna(ned in �
<br />__` .:.:_;___r-� ifpan ra�o!pa�nsnt o!th9 prlce bid,Trustee shali dePiver to the p�uchaser Trustee's deeA comr e y ing the Ptope n Y• �_ -
<br /> Tn,stee's d s8a1t bs OsEm�tgcie evidtence of the uutb of the stetemems wnmined tfie.ein.Trustae shalt�pply tha procse4s o}the sale in the
<br /> , � Adr rei�nstatemein(ee;�Ib)to sil ums seuaed by t�his�dsed o�f vust.and ic)the Dafance if anV.�to the pe sona f�egal�em�ide to re�l�ve it,fa5s aisd �'};^,, ::- -
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<br /> 18,Fo:adasuce.At lender's opiion,tf�is deed of trust may be toredosed(n the mann�r provide by app8cabte law fot forectosure of mortgages --
<br />'"<. � '�� onrealproperty. �y~��•� �'
<br /> • : `i%;;",�'� .� t0.��-Lender may ente�the property to insyect k if Lender qivea Botrower noUee befarehand.The na�ze mnst stete tfie�easonebte � ��~'�
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<br /> ';; ,�t�; .� cause 6oc�Qersinspection. . .`•'�_. .
<br /> �6,�f.Bortower assigns to L�+3ar the.proceeds of any awatA or ctaim tor damages cor!�ec"<'d with a condemnation Cc ather t8kfn8 '��£s
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<br /> ' �' - � of 8U or a'�1r part ot the Dropetty.5uch proceeds v�nli tee ayD�ied as providad in Covenar►t 1.TAis ass�gn:nant(a sub,�ct to the terms oi any prior �c^t�:� '.:
<br /> • ti `ti securiry ageemerrt.
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<br /> ' � 18.Wefiver.BY exercising any remedy avaHabte to f.s��r,lender Qoes not give uP any�IgMe to lamt use m:t►a::hr�r remedy.By not exercising :__.
<br /> <�� � arry remedy uDm+Borrower's dofauk,�enQer aaes r�s v�raive any NgM to later consider the event a Ca°autt it it Aappens again. � _* ,;
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<br /> � �� ;�,, t7.JohK and Several LieL S t i t�(: Co�tsi8nora:Suec�sors and Ass3gns Bound.AO Qutles under this Qeed of vust ere joirn and several. Any ,�,,;+ ._-
<br /> Bortower who co-signs this aeed of tust Eut does no!co-sign the un�n�Cebt insuumentisf doea so onty to grer�t end convey that , y�:. ,„
<br /> ' � BoROwer's itnerest In the&►operty to ffie Ttustee tmdc�the term{ys�o1 thts dee o dus�fn additlon such o Barrower agtees that tha lender anA Cla{1 .
<br /> � '; l debt wnithoul�at Bor�ta��s�conseM and witho�e��ing tlia Bortowei fraorom th�9�mn of tlils d atoi tiv i�'��''ed ot wa�o.m,e securea :,1:�,
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<br />- � �. The duttea end benefits o!thls deed of truse shaD bind artd beneTtt the suceassors and essigns of Lender and Borres�r. � ;�i�;,."�•: '
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<br /> �,��'�"' 18.t�totleo.Untesa otherwise required by taw,any notiee w Borrower shall be given by EeUvering it or by maiiing it Oy CeRNied ma�7 adAressed to `;���i�•;�}•••.
<br /> - � '` �� BoROwar at the proDerty aQdress or ar�1►other adQress that Bono�ve�has BWen to Lender.Bortower wi0 give a�noUce to lenEet by certifled � '�`�`�7:t^;=%`
<br /> m a fi l t o L e n d ers ad6reas on p a ge 1 0!thls deed of trusL or to any other eQ�ess whieh Lender has designated.A.�r other noUce to lender shall .1<�:''':��
<br />- � � ba sent to Lenders address as steted on page 10}this daed o f trust. •� .
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<br /> ' . ' Arry noUce shaU be deemed to have been given to Borrower a�Lende�when given in�#.e manne�eteted above.
<br /> 19.Trenafer ot 8fe Property or e Ba�co9del tMereat in the Banawer.tt all or eny part a1 the property or any irroetest in it is sat0 or uansSarted ::;
<br /> - without LenQer's prlor vurltten cortaern, Lenaor may EemanA ImmeCizte paymer►t oT tho seaueQ deD� Lender mey eTso demmd immadlate •;
<br /> ' payment(f the Borrower ia no!a natutal person and e beneHcial irs�eat in the 8arrower is sald or Vartsferred.Nowever,Cr�.�er may no! :;.'t.•��
<br />__ . demarM payment in tt�e e6ovB ettuationa if it Is Drohiblted by federal law as of the Qate ot this deed of trust.
<br /> ' 20.Reeanveya�ee.Whan the abtigeUon secured by this deed ot truat has�een pad and LenQer has no fuRher obiigation to make advances . •
<br /> • � under tha insvumerrta or agreemente secured Ay this daed of trust,the Trustee ahat�upon mitten reQuest by the lenQer,recomrey the bvst
<br />- � • • obllgattrton 6o saUsfiedeBortower shall pay any rewcardetlmon coste era sueeessor in interest,the trost doed and the note or othor evidenee of tha
<br /> � 21.Sueeeasnr Tntstao. lende►, at Lender's option, may remove Trustee and appoint a suecessor trustee by first, maiting e capy of the � . ,
<br />- � ' subsfitution of trusteo as�equired by appticab►e Iaw,and tnen,by fiiing the subsUtuUOn of Vustee for rewrd in tha office of the�egister of deeds
<br /> ' succeeCo atiythe p war thAuUes author�end SM'�te o7 tAo Trustee nemed+�i e ae a o u���of any�suc�ssor trustee of the property,shail , .
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<br /> � - . gqN]fEpg SYSTEtIIS,QtC..Sf.ttOUD.MN 68301 It-8�4391-?3�1/GDiVd OCV-MT6NE 8l199/ _ _ . _
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