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<br /> ' � �, F4G 1. Payc�n�a. Borrower agrees m make allpaym erns on the seuaed debt wflen due. Unlesn eorrower and Lcnder agree otherwlse. anY .-,�`:
<br /> _ paymeMa Lender�ece[ves trom Bortower or for Borrawar's benefit w�ll bs ayplted first tn any amowrts Bonower ov+es on�e seeured dabt
<br /> exciusnra ot iMarest w prinefpal.seeond w interesL and then to prfieipei.If partiel prepaymem of the securfld datrt oeaus for any teason.R will
<br /> ..�_i�;�.� not reQuce or exaise any scheduled paymeat ustnl ffie secured debt is paid in fu0. _
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<br />. '" �+:•':'� �y�`� a�.�Q$E111S!��sOtfOL11lFINID'QQ'/'ad�t8XE8. 8[1t8.8�1d Ot�lBf Ch8f9@3 8tL7�hU[8b10 tD th8 OeKY 1MI18t1 QY0 Blld 111ftU QBfBtU�11tI8 . l'.
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<br /> . -•u to th9 Oro08* agains4 arry_dBiRC►wtiictlwdutd5mp8ic�en of thl,s Qeed of Uust.Lender may requhs Bortower ta essign eny rlghta,daims a .,'�
<br /> :S� ' ..j: defBn589 BOROWet�nay hav�i�t D�rde�g whc+ D�Y fabOr or mat�i�to imptove Or tna�Uttain t1t9 OroDBKfI• r_
<br /> •4 3.�ee.Borto�ver�FiO�aA'tlie-P��Y�� terms seceD�te m Lender at Bartower's expe+ise end for Lenders 6erta£rt.Af! �
<br /> insurenca poUdes stmttimdnde a stan�9s 0 In favar of Lertdet.Lender wiil6e named as[oss payee or as the ins�ued on wry t�lcA
<br /> . ? irestuence P��1►./U►y tnsuranee Proeeeds rt+aY epF�ied,wNhin Lendee"s drsuotioa,to efther tre restoraUon or repatr of the damaged proAer�Y
<br /> , � , °`i`: or to the secure0 QeEt B Lender reyutras mortgage trtsurenoe.Baimw�r�to maimain suet�insuranee tor as tong as Londer requires. - - ,
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<br /> '` .-".�.�--^:;'. 4.Proycnty.@arrower w�l&eeD the DroFertY in Bood cond'ib'on and m23o�!#►epatrs reasovabry nacessffi1►. �
<br /> -�-�-�.�' - 6.�.Hortavuar a�es tc pay eD lendar's ex�e�.inctudmg reasa�aDfe attorr�eys'tcas,if Bcrrower 6reaics arry covenents fn tAta deed _
<br />. . ���l,,rw:.::.. �� of UusY m in uny ob8gatlon sauaed oy titis�t�eed of tr�sst Bartower vii!psy tlrese amourtte to Lender as provided in Covenant 9 ot thia deed of
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<br /> . ' t�,.:.�ti:: .'. 6.Prtnr Ser.utkll(Meraspt.Untess Borrower first obtabis LenQe�'s v��ritten eor�sartt,8orrower v+nU not�nake or De�n�ll�S�m 8�Y Oilor Y .
<br /> .- secaity iMe�stg. Bonower w�Derfarm aA of Borrowefs obligatlona under arry prior martgage,daed ot trust or aUfer eseurfty agreemarR. �
<br /> .. ` includ'ing Borrowefs covenamts to mebce paymertts whon due. `�`•`
<br /> 7.p��of Rertte end Profib.Bonower assi8ns m LenQer tAe�eme and profns oi the property.Unless Borrower and letsAet hava egreed �
<br /> .� +, .- . �•;� otherwi"se tn writing.Borrower rttay coilect and retein tRe rents as fon9 ea Hartower is not U►defaut�tf Bonower Qefautte. Lender.I.endere ' .
<br /> i. :� �peG•ad fust��e�cpas�ffic�ieca Bir may talceper y�ini��cmai�ut��eprtd�mey�s�as commBis�stons m ret�itel e��ee�+te.�an�er
<br /> � ' •�S� necessaoryt relaced expanses.Tha temaTrUr g ammmt at rerts�then appiy to paymerrts on Me eoeuretl Qebt as provided fn Covenarrt 1.
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<br /> - � �•-' 8.Ltaseh�Qe�CondomWtans:P7umad Unit OsvtEoym�rttm.Borrowera�eos to�!Y witl►the provistana o!any lease it thfa deed ot trust ta on ;�:.
<br /> � � a IessehoS0. f�this deed of tnsst ta on a unit in a wndomintum or a plannfld unit vetapment,Bortowet wiD perfotm alt of Barrawefe QiNea
<br /> '_ � . unQar ihe eovenetKa.bydav�,cr repu►ations ot tAe eondomtNUm or ptanned unk QevetoDmert. :
<br /> .. �.� � 9.qatl�aM/c}Lmdv to�r[arm for Bmrawv.if.Barrower faita ta oeAartn arry of Bonowers dumas under thia dsed of truat,lenQer may
<br /> " . pedurm iha dutlos ar cauae them to De per[or�sied.LenQet may sign gorrowera name ar pay.eny emourt if nseessary tor p6�rformanee.tf any
<br /> ' - ,� se��lnt�etea�t ine pg������d or nat carried on in a reasonebte manner,Lender may Qo uuhatsver is neceasary to proteet LenQePa
<br /> the OropeeN.This maf►includs comptetinqthe construetion.
<br /> '=--�-. . Lendet's faiGue tu paAarm wiU aot Oredude Lendm irom e�ddng arR►at its othsr righffi undar the law as Wa dasd ot trust _ . _
<br /> j �. .,� Asnr emaurns pald Ey Lender to pmteet LenQer's eec�utty trroerest w3i16e sewred by tfiis deed of vust.Suct�emourrts wi�6e due on demand
<br /> � and wUl Oer�r IMeres!from the data of tt�e payment wrtlt paid in tuil at tha imerest rate in eHect.an the secured detrt. .
<br /> � ' �``?;��:� 10.QaltaQt oad AcccSmatlan.!f BoROwer faits to matcH arry payment whan Que or breaks arry covenams�mder thia deed of uust aret�y � �
<br /> .', ' ,., �`.`, Q ma8rud Immed et6 p Ymertt SnA may�irtivto&e�e D�wretmQf a8a19�and aen�jtaod�i�r�emed�tensdpermiit G bYtapA i�ie!w��of the seCaued debt and ,;':� . .
<br /> " �` � � i 11,Ker�ueat for Rfottce off�ofa�L[t is hereOTl requested that coptes of fhe noUces of detauft and safa be serrt ta e�cA person who ts a party
<br /> .;,-.,::,�;r.,; hereto,at the aQdresa of each su�h�cc�ssa.�.as 8et Torth hetetn. ��_.
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<br /> ;r� � � 1Z,Power of Sate.ff the Lender InvcJ':�s�e power ot sate,the T�uStEO Shell fi(St reCORt it1 th9 offroG�Cf ttre reg'�SflBr ot deeds Of 88d1 C0181fy • a
<br /> ' r .� wAerein tAo tust property or some pa1C ca pareel thereof is siwated a notice of detauit carrtatain �ir:�mrmation required by taw.The Tnrstea �,, _.
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<br /> . •.?;�+:..�-,,� �� shali atso mafl ooptes of the nottca of c�!'auit to the Borrower,to sacfi persun who ts a pazty , and to other parsons asprescdbad bY =
<br /> '"�''%�'; ' °'. a0D6eable law.Not t�ss tlfan one momA after the Tn�stee recorda the rtotice of d��,or two moMhs if tha vust proDerty�s not in arry ,
<br /> � incarpnrated ehy or vfllago erM is usad fi�arming operations cartied on by the trusta,the tnistee shall gtve puLLo fi�ffce of safe to the persons
<br /> ' ``` and in tAe manner presaibed by�app0��bte law.Tnatea,without dsmand on Barrower,shaU se0 the pmpenv as pubfrc auction w the htghest 'p='•
<br /> � � bidQer.if tec{uUed by tho Farm HamesC�d Frotectlon AeL Trustee shali offer the property in two sepetete safes as r�qti�red by epDiicabte(aw. •
<br /> � 7nrstee may postpone sate of a(1 or�r parcel ot the property 6y�s�a announeement at the ttme end ptace of aay�reviousty scAeduted sala. .���-;:
<br />.. � , . .. ._. :: Leader ar its des(gnea cnay purchase the praparty at eny sale. . '-��=
<br /> �• � Upon receiDt of paymeitt M•ihe prtce bi0,Trustea shalF defiver Lo the purcAaser Trustee's deed oonvaying the property.Tho recitiafa carrtained fi �=�`�
<br /> �� � Truetee'e deed ehafl6e pt(�a tacte evidience of the t�utl►of the statemerns contatned therein.Ttustee st�s11 apply tba proceeds of the sale in the
<br /> _ " faUowing arder. (a3 tc ati expenses of tha sate,inr,4rding, but not Qmited to, reasona0fe Trustee's fees, raasnnahte at0ome�/s fees and � =�:
<br /> . . �etnstetemem tees:Ib)tQ a11 aums secured by thia deab cf vusi,artd fci tha balanca,ii arry,to the parao�u tepaiiY e�diiled'ao tace{va K. �3`-:
<br /> � ',� t3.Fotedos�ue.At Londers option,t�ai�daed of trus!may bB toreciosed in the manner provide by aypl"u�b:e taw tor toreeios�e of mortgagea ���'
<br /> °-�:�`� . on real property. �=.`
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<br /> �� `���� � 14.M paedon.Le�der may eMer the yroperty to ins ct It H Lende►ghres Borrower noUce betorehar�'J.Tha nottce must state the reasonabte, "'
<br /> . •�:i,.�.,.•', .�. .- s De �"'--;°''
<br /> .. .•:��':��. ' cause Tor Lenders inspacdon. '
<br /> . �?{,��• .'' .� • 16.ConQemnetlan.Bottower assigns to LenCer tha procseQs ot any award or ctalm tor Camages cpnnected wid�a condemnation ar othar teking ��`�
<br /> ..�:�.: - :-��' of ail or any part at the Droparty.Sacfi proceeds vdii De applied as provided in Covenarti 1.7tiis asstgnment is subjeet to the terms of eny prlor --
<br /> .. . securtty agreemert. --
<br /> • � . 10.Waiv�r.By exercising any remeEv availabte to LenQer.Lende�doea not give up any righte to later use eny otfter remeQy.By not exetcising "�.'::�
<br /> ' arry remeQy upon BorrowePe QefauR,ZenQer does not watve amr rfght to tater constder the avertt a deFeuk ff it happens egain. � �-
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<br /> . • 77.Joint md Smrd� Co�st�rs;s�ee.s:a�a�a a�i�n,emma.AII duties under thts deed of trusS are joint end several. My ��`-
<br /> � Borrower who co-signs thia eed ot trust but doe3 not co-stgn the underlyin� deb!instrumeniis)doea so arF.y to grant and convey•tAet
<br /> • • � � Bortawer's imorest in the property to the Trustee us�er the terms af this deeQ a uust.fn addiUpn sucA a Boncwer agreea that Na tsnQer and
<br /> .' "�':" . ar�y other Bonower under this deed of trust may e�ctend,modlty or make any other changea ln B:a terms of tTes Qeed oi uust or tha sewred
<br /> •:',�,,:' debt witAout that Banower'8 consent and w(thout reteasing that Borrower trom tl�e terms of this DeeJ of trust.
<br /> Tha dudes and benethe of thla deed of trust shaD b�d and boneflt the auccessora and asslgns of lenQer and Bo�rauuer.
<br /> , � • '� 18.KoUes.Unlesa otherwise raqulred by law,arsy n7t;te to Bonowe►ahall be given by Qelivering it or by mz:Tm�iT�by cortified mail aGQroasod to •
<br /> Borrower at the properiy address or any ather adQress thaf Borrower has g[ven to LenQe►.Borrower wilt gtva a:�yr notice to Lender by certifted
<br />�!` � mafl to 4ender'e eQCresa on paga 1 of UUs deed of trust,or to arry other address which Lender has desi�ated.Arry other noUce to Lender shail ,
<br />;� ' , � . de sent to Lender's address as atated on page 1 ot th3s deed o!aust. -
<br /> �� = Arry noUce sha0 be deemed to Aave been glvan w Borrower or Lender when ghren 1n the manner s:r;iod above. • �
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<br />-� . � '1 19.T�anst�r of ths Property ar a Bert�fldal h�terest!n tho Borcaweu If all w any p.aK ot the prope�tv m arry irrtmest in h is sold or uar�sferred
<br /> withaut Lertdera prior written eonsem. Lender may demand immediate payme�of tha secured debt. Lender may atso Qemand immediate „ `
<br /> r paymem if the Boaower is not a naturat person and a beneflcial interest in the Bonowar la sold or transferted.However, Lender may not
<br />_ • ' � .�;�� demand paymeM in the abave situaUons if h is prohibhed by tedetal Iaw as of the date of this dee0 of trust. ,.
<br />: . '. : 20.Racamroyanco.1Nhen the obiipation sewred by this deed of tnest has been paid arsd Lendor has no turthar obllgation to make advaneea �
<br />, " undor tho instrumortte or egreementa sectved by this deed of trus�the truatao ahalf,upa n wrltten requoat bv tho Londer.�ecorrvay the Vust
<br /> _ � .�� proGorty.The londer shall doUver w the Borrower,ot to Borrower's sueeeasor in interest the uust dead and the note o�other evidenee of the
<br /> obligation so saHsfied.Borrower shetl pay any reeorOaUon eosta. ,.
<br /> , � ! Zt.Succesaor Tnmtea. Londer, at Lender's ooUon, maV tomove Trustee end appoin! a suecessor trustee by flrat, meiling e eopy of tho
<br /> ' ' � • : subst3tuUon ot trustee e9 tequited by appltcaDle�aw,and then,by fiting the su6stitutlon of trustee for record in the oftico of the ragister of deeds
<br /> ' " of each county I�whleb the trust praperty,or some part thereol,ie sltuated:The suecessor trustee,without conveyance of the property,shatl
<br /> j� �• . • a succeed to all tha power,duties,autt�urity and title oi the Trostee named in the daed of truet and of any suecessor Uustee. -�
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<br /> . 9ANItfAS 6v57fMS.W C..ST.CLt1UD.MN 88301 N�806397-Yia11 iORM OC7�MT6N2 BJ18J81 . .
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