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<br /> - 1. Paymeztfe. Burtower agreae w make a!1oaymu rtta cn ths seaued de6t when Que. Untasa Borrower an� Lande� agree otherwtse, a�ry ' .
<br /> -;` .. . . . �er�ta lender cecetvae fmm Bnrtower w ior Bo�.owc3r'e baneftt wili Qo aDDNed flrst to arry amourtts Bonowor owea on+she soared dnEt ` t...
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<br /> l- ���_' .. azGuaiva of interest ar pdnctpel,seeond to Urte�9 8ea�eQ dob�t ts pa�td�iR t�u➢��epaymarrt M Me secureA QeDt accure ta acry roason.Et v,til : c
<br /> � �� n a t t e d u e a at exCUSO an y BAteIIlQeQ pr s y m eM c�t i i. � ,
<br /> m�p�a�aTnst aeydoimp�wT�ileh�tv�aiil�•�1 en of�t h i s�deed o t h u�s R.�l.e a n Q n may i e qu U e S o R O�w t u m a a s f 8 t ti s n V B h t a,a�ms or .
<br />� . . " defanses whi��crrower may have egainst partles whs suDAtlt�ar or materlala to improve or maimatn tho praperty.
<br /> , `` u S,hss�a,Bnrro„uea yuill keep tRa prop�uty tnsurad�der tarms aaeptaEta to Le�der at Boaower'e oxponso and far LendePs beneTit.Ap
<br /> insuranca pe6eles shatt i�tude a stenQard n►�art�a�e eta�e in tavor ot Ler►der.Lander wiU he named es loas payeo or as 4he in�urea on eny sucA
<br /> . ins�uenee pctley.My(nsuranee ptoeeede may 6eapplisd wtthis�Lende%disaetlon.to etther the resroratJan a+repaU of tho damaged praparty . .
<br /> ... . ._f or to the s�sixrted debt If Lortder requires mart9a90 Uis�aance.Bortowe►agsoea to malr►tain sueh tnseuence tor as tong sa tendar roquUes. �.
<br />_ �:,:.�-� 4.Ptoperty.Borrower w1U keep the property(n good ennditfon artd mnice aU repcira�easonabty necnasary.
<br /> :-`�=°'''r�� 8.E�ansas.Bortow-_era��es to pay eli Leadefe expensea inctu�ng reasanaDte auomeys'tees.if Bonower hreaks sny eovenants isi this deed _
<br /> - -=--'.�=-- at uust ar�any o�n s�aaed by thls dsed at trust�orrowar wit!pay these emnwm to Lender es provided in Covenant 9 ot tnta deed ot -
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<br /> .;�i B.PAot Saarf2y YsOOrest�.lJnlgss Barowe►flrst oAteins tender's written conseM,Borrawar wiU not make or permk any cAanBes to any priar
<br /> seciuiry irtterests.Borrower wiU perform e11 of Ba►►rowsr's obTigations wder any prlar mortgage,deed of bust or othcr seauity s�eemenL
<br /> : :�,. ;� - inciudUig Bortower's aavenants to maka D81fR►ar►ta whan dua. �
<br /> � � 7.Aasi�me�tt�o!HetRa end PraStn.Barrower assigna to lender the ret�and profits of ths property.llnJesa Smrower end Le�er hava agreed �
<br /> . othara�fse tn writing.Bortowar maY eoltect end cetain ths rer�as tong as Borrauv�is not fn detauit.It Borrower defaufm.Lender.Lenders •
<br /> ' � � agerit or a eourt appoiMeA racehrermay teke oassession and man8go the property an0 eoIIect the certts.Any rents Lender cotiee�shatl be
<br /> . � " eDp�ed fffat m the eo�ot managin tfes O�P�Y.ineludfng�aurt easts and etmmeys'tees.wmmissions to ter�f aga� ����q►otner
<br /> ,ri,:,. � ? neeassary rel8md e�enses.'fhs te�ning amotmt of[etns w�l apply to paymeins on the setaaed debt es provided in�eo
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<br />,__ti;��-� ,: . • 8,L�tm�dy'Co�dmnin�nns•ptannad UNt Qev�oymer�.Borrower agtees t o e omp ty w i t h t fi a pro v i s i o n s o i a n y f e a s e i t t h i s d e e d o f tr u s t i a a n .
<br /> ;,��,f" ' .,•- :t a teasehotd.t�this Qeed o4 trust is on a unit in a eonQomiNum m a platmed unit devetopmeRt.BoRO�►er wIIl pe►tortn all o}Barrower's Qudes
<br /> .., . ander the eovenams,bWaws,ar re8uladons af the condominium or ptannsd unit devatopmeM.
<br /> � � ': 9.quywr(ty of Lesdv to perfartn tor Borrowo.ft Borrower faDs to_perfarm m+Y of Borrower"s dutiea under this Qeed of trust, lertder may .
<br /> � pertarm ttte dutFes cr cause them to 6H pertormed.Leader may sign raorrawe�s name m pay ar►Y amnusst if neceasery far pedormanq.If ar�y
<br /> __ , < : �.'` �o���irrt�re t i�n tlre pr��1l�Th�fs m�ay�inc�h�de co�e�Uie�ns�uucdonmanner,lender may do whatever is neeessery to�atect Lender's
<br /> . �.�:.r Lenders faiNre W perfartn wID not preetude Lender from exeri�sing aay of its other righ��mder the taw or thla deed ot Vust.
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<br /> - --u��r =��� � �W n�°i���om m a�°�Pa1m�eM u�7 peid in�ftill��•���in ef eci o��,�Scu�a a e�`°`'�'"m ne a�e o�aer�a�d ,.
<br /> . ` 10.Qefa�6t m�0 AccaferaHan.if Bormwer taas to make any payment when 6ue ar brealw afry cavenarrts under this deed of trust w enlr ,
<br /> it�,: • � r'• obligation sewred by thia deed o!vust or arry prior mortgage or deed of�usL tertdar aeaY aceeferate tfie maturity ot the secivad Qetr!artd
<br />,��:;; -. � demand imm�ate paY+�errt and rnaY invoke the power of Qale and an5►othar rert�dBS Dermitted Ey eppUeebte Iaw. '
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<br /> �;�94 i..+ : 11.Raqu�st tar NoBce at Defa�ft is herebY requested that wp:aa of the aotices of detauR and sale Ee seM tn eaeh Person who ts a C�S► �
<br /> _� hereto,et tAe address of eseh scCh pzrson,as set torth herein.
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<br /> `��,ti . F 1Z Fbwar at Sata.M the Lender'utval�the powar af saTe,tAe Tnistee shai fust recard fn tl►e aNice of dva Qegistar of daeds of esefi wunty �
<br /> �u� : wherein the trust DmPertY ar sams part or par�7 thereof ia eiwated a aoaw c��autt corrta�the informa�pn�e4uired W taw.The Tiustee
<br /> shatl atso mai)copiea ot tbe naiis�aT defauft m ths Bnrrower.ts eacA per�?sa v�rh0 ta a party ereto.and ta attser persons esprescttbed by
<br /> �ri.�;. � eDPliCetdO 18w.iVot fess than am�citl�aftar the Tn�s�e reeor3a the no�oe af defaut��two mornhs i!tha t�c pra�ertY�s rtot i[I 8�ry.
<br /> ineoryareted aty or vAiage and ts�in fartning operationa easRZd on 6y the mutm,the Teustae shall give puODa rmUce o4�,Ta to the per�ana �
<br />� -_. � and tn the marm�prescrmedDy�Leabte faw.Tmstea,wlthous damand on Borrower,shall seQ tt+e pmpert�/at pu6lic aue:ion to tha highest i_yv_,�i
<br /> biQder.If requTred by tne Farm H�tead ProtecUon Ac�Tnistee shaU offer C�a CroDerty in two separete ea�ea as requtred by appitcsDfe Iaw. �L�szfi�r.
<br /> Trustee may posT�ne saJe of aII ar airy parce�c`.�he proyeRy by public ennc�.�mem at the ttme end placa of a�►y pr�vfousM scheduted sale. L���:'
<br /> Lender or its Qesigrtea may piachase tt�e property�t any sale. �,+_.
<br /> • � �,�. Upon rece(�t of pa�mern of the ptia bTd,T�ustee shaU deThrer to the pua�aser Txustes's deed canveying the property.The redUats eo�in
<br /> � .�'�".:.- T►usiee'8 deed shall be piima fada evldience of ffie�ruthof the sGr.emeMs contatrted�herein.Trustee shaA apply the proceeds of the sate in the __
<br /> following orCer. !ai to all e�anses ot the saie, inchrdng tr�t not (imited w, teasonabte trustee'e fees, reasanable attome�fa tees en0
<br /> �. ' r e t n s t a t e m e n t f e e s;l b)t o a 1 1 s u m s s e a u e d b y t Ai s deed of u u s t,ar+d(c 1 the batanee,if a c ry,to tha persons tegalty eittWed w recetve it. --:-
<br /> �, � . , �.�._.� 13.Faredoauro.At tsnders optlon,thts deed of Wst may be torectosed Fn the mannet provtQB by applicabla faw for foreclostue of mortpagea �
<br /> .;�; on reai property. =�-
<br /> :: �5 t4.�p�cUmt.LenQei may enter the proparty to tnspect it if Lender gives Bonawer notIce 6efarehand.T�a noUce must etate the reasa� �"
<br />- Cauge fo!I.enasrs tnspection. ���
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<br /> � * •'•' 15.ConQ�mnaUan.Borrower asai ans to 4e�er thsproeeeds of erry awa►A or daim for damages eonneeted wfth a eortttemnation or otfier taWng '�';.+��•
<br />- � �� �' ot a11 oc any paR ot the property.Such OroceeQs wfii be eppIIed as provlAed tn Covenant 7.Ttils assignment ls subject to ttro�rma of any pdor
<br /> � � ' t seeudty agreemem. ' _
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<br /> �.'�. . :.`.-a��'s, ' 78.Wat�er.BY�dsing any reme�y availabia to Lende►.Lender Qoes rtot g�up amt�ghts to later use�uther remaQy.By nat ex9reising .
<br /> f�,'s any remedy upmt B�rta�ver's Qetentt,Lender does not walve any dgM to late►consider the eveM a defautt if it appens again.
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<br />=������`.�. � 19,Joint mid Ssvaat�Coatgnara:Succeaaae�d Awlgns Boemd.AO dattea unQet ttUa deed o4 trust ure joUn and severef. Any -
<br /> r��'�+'' ` � ��1 Bortawer who co-si8ns thia deed of vust Out Qoes not co-sign the undeMing debt insuumeM(a)doea so onty w grant and convey tl�at •
<br />-,t�`.`.; . �� Borroweta interest in fhe
<br />- ar►Y otAee 6oaower under t�h/s Q 8e 4 of trust maey�ex�cend moe��y9oi make ar y o�r chartg���the ut�ma M tl�iWS dead of V�ust oi�ese�e0
<br /> ' ' Cebt wlthout that Bortower's conseirt and without retessing that Borrower irom the terms of thia deee of trust. --_
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<br />�- • ��h`,� Th9 QuUes and benofim of this Qeed of wst shali bind and�enoRt tha suceessora and asstgns of LenQer and L§�Srawer. -
<br /> - tfii Rotics.Untess otherwisu requiraa by iaw,any noNce to Bcrcowe�shaU be piven by deliv-ain[y ix cr by mailing it by certifiad mail ad�essed to r�"
<br /> � i�sowar at Me property addresa ar eny_other adQresa that Eccrcwer has given to Lende►.Ec�wer wi(1 giva arry notlee os:�nder Oy certtRad ��4`�,
<br /> � m�:..-+1 to�endars address on paga t ot thia Qeed ot trusL a►t�anq other 8atress whict�Lertder has designated.Qny othar r,c5ce to LonQer shat! ����N`:
<br /> • • •: ;:I�, �serrt w Lendere aQQress as ateted on pa8a�of this deed oY ezst.
<br /> ' . ' � ''j;�;. Arry nOtlee ehn0 ba daemed to have been given to Bortower ot LenQer when��en in tho mannat etated a6ove. �
<br />=,j �;' . , � ` �, t�l Tlantte�of�.e Ptaysity a�a Bx�9etd brtcnst fn 19��Bartu��r.if aq ar arry part of the DroAetty or any irrtereat in i!is sold or uansfeReO �
<br /> -_ . - � vrl�t Len6eYe prirn written�vnsent, LepngQei may QOmart�4m�dlate•paymeM ot the sewred deb� Lender a7�demand immediate •::�,i,.
<br /> -_- . Qemand payrn�ertBvi��ea�atre dtuaUa��is if ft i p uhibldtaed bY t�ede�ra�il taw�es of t!i�o date o W deed�t fo��ensfened�o�,LenQer may aot i
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<br /> � 20.Reeomra�.�aQ.When the o61ipa8on seeured by thls Eeed of trust has been paid and LenQer has ao turthor oDliga�on to make aQvamea
<br /> � ° • unQar the inswmerrta or agreements seeured by this deed of trust,the Tn,stee shait,upo n w►Itten reQuest bV the LenQer,�econvey triv trust
<br /> ' • p�to�perty.Tt�9 Lende►shatl deriver to tfie Bortower,or to BonowePe successor in interesL the truat CeeO and the�ote or other evidenee ot thg
<br /> - . � o�igaUon so asHsfled.Borrower sAait pay any recordaUon eoats. . �
<br /> � 21.Sueeeasa�t Tatstee. Lender, at Lender's o�on, may romove T�e andap point a sueeesser vustea by firaL �na:ling a capy of the
<br /> . s�6stitWan of trustee as requUed by appt;caEls law,and then,by fiiin$the substFtutian of trustee tor recard tn the otfice af the reglsmr of Qead9
<br /> - � � ot eaeh courty In wh1cA tha vust praperty,or eoma part thereof,is sttuoted.Tho suceessor Vustee,without conveyanco of th0 ptaparty,shatt
<br /> � suceeed to all tho power,QWes,authority and tiUe o!the 7rustae named in the deed of trust and o1 any sueeessot trustee.
<br /> -� � . .. Ipapo 2 0171 �
<br /> �"�. '. ' BAN�(fRS SY9TEAl9.WC»ST.CIOUD MN 68101 It�800397•27411 iORM 000.Ml6NE 8n9/9t •
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