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<br /> . .. 1. Pcy�. Borrower agra�a to make aF!paymenta on�e aeamQd QeDt when due. Untass Bottow�e�f A�e`b�ierwlse. anY
<br /> _.~ . "'� , pnymerte lsnder rseeives irom Barrowar or for Barrowera Daneflt�vfD 0a e�p[ted t6at ta any amour►ts Borrowsr owes on therseaued debt
<br /> . e�chcsive of�rterest or pNn�paL sec�m�tnre�t,end 4�n m pNndpaf.[f partia!DrePayme�t ot Ne seausd debt accws far a�r reason.n w�l
<br /> '� 'Q_y.�Y nat re��w oz�se any sd�dRdod paymern�miit tAe saeaued dabt is D�d(n tult.
<br /> ��_.` --�- ^- �.�a6ns pAa�rtyinat :BorrowOrti719'p'aga0�s: rtts,end o�er cAargoa attrihutable to the ptopetty whan due end�v�l dafend titie
<br /> `,`°' � � � �`' deTe 0ns s�whiehe8 ���wlUetrwoutd isnpfir Gen ot thfa dae0 ot t�ust Lender ma}r rcquire Barrower to assi�n any dgtrts.daims or
<br /> ointeE may AaQt�eg9it►st p8�lj¢a supRN tabor or matetfafa m imyrave ar maintain tde property.
<br /> . . � 8.6uurartce.Bo wer�l4f�ee�lQho 6�At �tKS�ir'e� under terms acceytebfe to tender at Borrouver's e�ense and for Lender's bane£rt.A!1
<br /> ... r• :,. .� tnsurance poltdes ir�itde a s�a o age"'Tc in favor of Lender.l.ender wiA Oe named as tass payae ar as the fnsured on arry such
<br /> lnsuranse Do:icY•A+N lnsuranm proeeeds may eepyIicd,wtthin Lendcr'e dlserotion,to either the resmratf�n or reyair ot the damaged property
<br />, � , . -�� , or to the sac�ed deht.ff Le�er req�mee mortgago It�uance,8orrower sgrees to ma(ruatn such instaanee fot as tang as Lertdet requves.
<br /> - : ��...t.-". 0.Pcapotty.8arrower wiU Rsep tha proDerty(n gaod eondiUar+and mato efl repatre reasonaDfy necessary.
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<br /> ;.._: .: 6.Fspen�aa.Barrowei agrees to p aU Lender's e:pensgs lnctuding reasonaDta attomeys'fees.if Barrower 6reaks any coven�s tn itds t�ad
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<br /> -T"�::��- of Uust at in any abGgation seaaed�y Mie deed of teust�orrower wip ptry these amauma to Lender as proviJttd tn Covenant 9 ot Ws deed of
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<br /> . . < 8.Priar See�u[ty trt�.Untess Bartowar fust obmins Lender's writ[sn cansent,BpROwar v�nU not make or permit any changes to any pcior
<br /> � ' . . . seeuriiy Imeresta. Bcrrower will perWrm a0 of 8artower's obiigattons under erry prtor martgage, deed ot Uust or other seauiry agteemeM.
<br /> . ._ . . ' Utetudmg 6amowa�s covenanta to�rtake payme�wAen d�re. .-
<br /> ' �. of R�rtb and Prof�.Sorrower eastgns to Lender the re�and proflts of the propeRy.Untess Borrowe►and lender Aave agreed
<br /> . - .. , � ``. othe�writing.Borrawer may coAeet and rata(n tAa rerns as fong as Bortower is not in defaui�it Bortowar dafaufts.Lertda4 Lender's .
<br /> : agerrt,ar a oourt appomted recetvar m�ay teka possession angd manage the praperry and coilect the�.Any rert�Lender collecta shaU be
<br />- ,. ''��,s nep�cessary�d�expe��The�remainl�ng m�c�tm�t of re�rt�will�urt cosis artd attomeys'faes,oommiss[ons to rernal agents.and m�y othet r-
<br /> ... . . 0�=V�PaY+neMS on the seceued detr[es prwfdad(n Covenar►t t.
<br /> . , ". 8.Le3aehotda�Cottdert�:i�m�ed Urdt Qeveto eT1te.Botrowef a�e es to comp `�
<br /> � N�the provisians ot any cease i!tAia deed o7 wst is an
<br /> • �� �� a teasefiotd.it tl�is deed of trust ia on a unit in a condominium or e planned uni!developmem,Burmwer uw11 perfortn aU of Batrower's dutiss
<br /> � under the covenat�,by-fawa,or regulattons of ths eondominium or p(a�med unit devefopment
<br /> � ' . . <�`J ' 9.Au@�arity ot L�ssde Lo Paefo�n�far Bmmw If Botrowter te�7a to perform any o!Batrowers duties under thts desd of tust,Lender may
<br />_ ' � �� � perfarm the duttes or eause them to 6e pertotmeQ.LertQai may sign Bormwere nama er pay acry amow�t if r,ecessary for pmfortnanee.If e�ry -
<br /> , •- - eonsductfon on thaproperty fs diseanUnued ar not carried on in a reasonable manner.Lender mey do wAatever is necesaery tu protect l�endes's -
<br /> seciuity irrtetest tn tha property.Th3s may tnetude campieting tha construcdoa.
<br /> - . _ .T:�,.'E LeMera faHure to pertor►n wilt.not pre�ude Lender irom exercising eny of hs other r1�ts undet fhe law or thLs deed of trast. --_
<br /> -�"--°`- -'�. Arty emowtts paid Ey Lender to protect Lender's seeurity 6nerest viAl1 ba sewred by tAis deed of trust Such ecrtour�wiD 6e due on Qemand
<br />- - - and will bear(rrterest trom the date of ffie paymerR urrtil pald in tull at the irtterest tate in eftect on the secured debt �
<br /> • �� `•: 70.Oefmsft end Acceteratlon. I!Bortowet fa7s to make arry payme�tt whan due or braaks srry covenarrts under thia deed of wst or any
<br /> , � �'' ' ' obIIgation seaueQ by this Qeed of truat a:amr prim mortgage or deed of uust, �ender may ecceferate the maturhy ot the seaaed Qebt anA "
<br /> • ` i:� demand immedtate paymaM and may invoke the power of sale and any other remedes permitted by appticabte law.
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<br /> � - - - 11.Requeat tor Nottee c�t Oef�dt.tt ia hereby requested tAat coptea ot the notFces c3 defautt and sale be sant io each person who ie a party
<br /> � ' "`,,` hereto,et the adQress of each such person,ea set tortA herefi.
<br /> • .,. �� -;.:-� f2.Power o!Sata(t tha tsnder invokes the power of sal�,the Tnisiee shaQ tirst record in tAe .a�`F's�of the r ;e�n of Ceeds o!9aeA county ''.
<br /> _., , wherein Lhe trust property ot some part or parcel thereof Is eituated a aattee of defauh comaiNng�a i►iformatlan required tiy tam.�T'�.e Ttustee � ��
<br /> : r sh�asa.�ai1 copies of the noiice of datauR tv ihe Boaow�,m e�,�erson who ta a parry�,ato,and w othar persons as pcvsscn'bed by -
<br /> : d ,•�.� appfica51e 1aw.Not tesa than one montl�after the Trustee recorda!ha s�otice of defau ot ttis-a e�ntha if tha tctrst property�s:not in arry �,.
<br />- �� '. , incorpararad city►o►vSilage and ia used In larmfng opetaitons cartied on by�e uus�^..r,the�n�stea sh�D givB publia a�ttce of sale to the persons
<br />� end in tris mannor preseribed b v apppUcable taw.Truatee,without demand on Barr�we,shali se0 tne propercy a4�Siie auctian to tt►e htghsst °'��
<br /> ' b i d Q e r.H r e Q u fr a d b y t h e F ar m f i o m e s t e a d P r o t e c t i o n A c t,T r u s t e 9 a h a 0 o ff e r t fia pra�r�r i n two separate aa les as required by applica6ls law. �-
<br /> . Tnistee may postpone sate of ell or arry parcet of the property by pubIIe ennouncemer2 at tha ttms aM ptace ot airy previously scAeduied sate.
<br />- " Lendar or ita designee may purcAase the property at arry aate. .
<br />__ :,:_�'�}a ��;...�.�.,� Upon recaiiprt of pa errt of the priev 6id,Trustes shall detiver ta the purehasei Tiustea's deed eomray"a�g ths property.Tha reeitiala ca�ained in
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<br /> :, ,c 7nistea s dsed�be prtima facfe e .�fiance of the�nrth of the statemerns comafned thsrein.Tnuies shall apply the preceeda of the eafe fn Me ear•
<br /> - faltowing otder. (a)to aU expenses of the sale, including, but not limited to, reasonaDte Tnistea's feea, reasonabfe aftome�fs fees end � -
<br />_--_-___ --- reinatetement taes;4b}to al!s�sm�sec�ed by thk�Q at�t.as�G ics tha bataace.it e,�v,to tha persons iegadly entittad Lo reeeive it. .
<br /> 13.Forodacure.At Lender's option,tlils deed of trust may be foredosed in tAe ma-u�er provlde by applicabte iaw*far f�rectosure of mortgages !'�'`.
<br /> � on reai proyerty. n
<br />` � •.�'' 14.tru�oecB�n.Lender may enter tAe praperty to insDect it if Lender � -:
<br /> - . . cause for Lendere lnspactton. �►es Borrower notice beforehand.The notica must statv L`rs veasonabts
<br /> - �: 16.Candamna6on.Borrower assi�n s ta I.ender the�roceeda of any award ot clalm tor damag es oonnected witA a oar�demnetion or other teictng
<br /> - '� -' , seceinuiry a�emenL�8�DertY•3ud►Dmo�eeds wili be appNed as provtQed in Caver�t 1.This assignmeM is suD"pss to tfie tertns of any prior
<br />-- � � . �� ' 18.Watver.By exerciaing any remeQv availabla w�ender,LenQer doas not giva up any rights to later use any other rertredy.By not exercising
<br />_ ; . � �'��: arry remedy upon Boaower'e defauk,Lender doea not wahre any rlght ta tater consider the event a detauh if lt happens again. -
<br /> - , . .. `;� 17.JoUit ena Severel L(a5�4v; Co�stgnora;Suaeaaore and Asalgns Bound.AD QuNes under this deed of bust are joirn end several. Arry
<br /> - . . . . �.,_' Bonower wtio co-signs thla deed ot truat but does not co-sign8the underIyIng Qebt insbumerrttsf does so or�y tu grant and eomrey that �
<br />_ . Bonower's ir�terest in the property to the Trustee unQer tfie terma of tfiis doed oTtruat,ln addiUon aucb a Bortowss a�eea that the tenCer and
<br />_ , arry other @onower unQe�this deed of uust mey extend,modi�o►mako any other chang_es in ttia tertns of tAis daed o!trust or the secured
<br />_ • Qebt without that Borrower's consent and wlthout teleasing that orrower trom the terma oi thia Aeed of trust
<br />- • �� The du�es and benefite ot this deed of trust ahafl bind and beneftt the successore and assigns of Lender and Bonowe►. '
<br />__` ._..,,, _, -. �.�.� 18.KaSr.v.Unieee otherY:Le reqnlred by law,any notice to Sorrower simf)ba givon by dottveHnp It or by ma(itng it by certlfled ma�7 eddresseA to + -
<br /> ' ' ^^�: Borrower at the proAetry adQteas or anY other adQrese thei Bonower has�en to Lender.Bortower wiB gfve any noUce to Lendar by cerHfled
<br /> i.'_ •"° y, . mail to lender's addresa on pege 1 of thta deed of trust,or w any other adAress which lender has designated.My ether aotice to LenQer sAaU
<br /> ._ ' � be s a M t o L e n d e r's a d d resa as s t e te d on page 1 o t t h f�deed ot trust.
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<br /> _ . � Any notlee ahall be daemed w have Eeen given to Bonower a tender when given in the manner steted above.
<br />= 78.Y�anater o!fAs OioysRy or e BerieRelaf Irnerest In ths Banower.lf ell or any part of the pro or any interest in it ia sotd ar transterred
<br /> -. • � • . wfthout Lender's ptiar vurltten consem, Lender may Qemand immedlate payment ot the socured bt. Lender may atso�emend Qmmediat0 '�
<br />_ �p�en�t If the Borrower ia not a nannel person and e�eneflcial interest In the BoROwer is so10 or transtened. However, Lende►may not
<br />__ , paymerrt tn the above situaUons if it Is proNbfted by federaf taw as o!the date of thls deed of trust.
<br /> Z0.Reeonveyanee.When the o6figaUon secuted by thia deed ot truat has been pald,and LenAer has no further obllgatlon to makA aCvances
<br /> urMer the instrumenis ar agreemeMS secured by thia deed of truat,the Trustee shail,upon written re�est bv the Lender,rer,onvey the trust
<br /> _ property.The lenQe�shall deliver to the Borrower,or to Bpnower's successor in lrtterest,the Vust deed end the nate or other evi�ence of the
<br /> - obilgatton so saUstied.Bonower shall pay any recardeUon eosta.
<br /> - • 21. Sueees�a Trustee. Lender, at lender's outlon, maV remove Trustee and�appoint a successor trustee by H�et, maliing a topy of the •
<br /> - suhsHtuUon of trustee es�equtrad by applicabfe taw,and then,by ti8ng the substiMlon of truatee tor record!n the offlce of the reglater ot Qeeds
<br /> _ � of each ccunty in whicA the trust property,or some paR Mersof,1s eituated.The suc�essor trustee,without conveyance of the properry,sfitill
<br /> . sueeeeQ to ail the powe�,QuUea,euthorhy and tkle o1 the Truetee nemed ln tha dsed of Vust and o!eny auceessor trustee.
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<br /> � � ' BANREitS SYST9d9.MC..8T.CIOUD,MN 88301 t1.80p 79t.233t/FORM pCp�lT3Ne gng�g�
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