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<br /> COVENANT� 97�-ro��/
<br /> 1, pnn�nt�. 8orrow�r a0na to m�k� all p�ymmta on the s�cur�d d�bt wh�n dus. Unle�� Bortow�r �nd L�nd�r �pra�otMrwla�, �nV
<br /> excluiive�o}intiro�t or�princlpil iscond to/ntenst�Mnd then o M��t�P�'I.�p p lal prs�paymsnt o}t o iecured debt ocru�i for eny ro�6onalt w I _
<br /> not ndua or�xcuu�ny tcf»duNd p�ym�nt untll th�Rocursd dobt u p�ld in full.
<br /> Z,����K�� �� ��!i s+��m�nts,m�l otMr ch�rp��sttributable t�th�prap�rty when du�en d w i l l d�f�n d t l t l�
<br /> to tM(xop�rtY�iN�t.iny�cMlfrl�'rWY1Y�i���+'^� the Il�n of thls d��A of tru�t.Lend�r m�y nquin Borrowor to nsfpn uny rlphU,cl�lm�o►
<br /> d�f�rtt�t whlch rroWhr m�y hpNi1111►M1LM�s wppiy labor o►m�t�riN�to Improw or malnt�in th�ptoperty.
<br /> N! 1
<br /> 3.���� ��oWa.�j�j���`��frb.b rn�tSr und�r t�rrrn�ac�pt�bl�to L�ndu�t 9orraw�r'�expan a e o n d t o r L e n d�r'�b e n e f l t.
<br /> in�unnc�poQcl��sha111nCiudi�itiiNfii�`m�(p��9�pc�un in Uvor o}L�M�r.Lend�►wlll M n�m�d a�lo��p+�We or�a th�Insurad ort�ny such
<br /> or to th�iic�und d�bt�II LQndor roqul�°c�mortp po Insu ancc�t 8err o we►epre�ae to�mi�nt,in suchhniurince for ee lonp ea Lender requlres op�ny c
<br /> 4,/ropKty.Bwrower will k��p t�►s ixoP�nY In pood condltlon md mek�all repdn nnomb�y n�c���uy.
<br /> d,ExpMSU, Borrower�pn�s to pay�II Lond�r'��xpsrna Includlny r��tonebl��ttorn�y�'f�es, If kiarrowe►breaka any Covaa�nt�In thl�dnd
<br /> o}tru�t a In any oblipatlon s�cur�d by thl�dad ot truat,�orrow�r wlll p�y thne�mounts to l.end�r��provid�d In Cov�n�nt 9 01 this deed of
<br /> trutt.
<br /> e,Ma g�cu�ity MtM�sq.Unln� Borrower fint obteim Lender's writtsn cona�nt, B�or monp fle�deed�of truitror�otheras c�uritytepreement�
<br /> eecurfty Inter�tt�.eorrower wlll perform a11 ot eorrower'� oblig�tlons under anY P
<br /> Uciudinp Borrowsr9 co�enant�to m�ke paymsnts when due.
<br /> �,��r�M of R�rtr�d Proflts•Borrow�r as�ipn�to Le�drr tl►�nnt��nd profit�of the propwty.Unl�ss Boirow�r nd L�nd�r hav��prNd
<br /> �p��for i co�urt,p�pol t,d ricetvir nmi�aki poiiii tM ir�min,yi�the�apiny�+nd�collsoi the isntieA�n�rinti��endar coll�iotiih�be
<br /> nicii,iry rslitid expins�s f Thi rem�T�ln�p imount o�f ientsdwfll tMn apply to piyminti on thi iscwid dsbt�ii�ovldid In�Covina�l any othsr
<br /> � ����,���nsj Pl�d�l�ft p�ydepnNnq.Borrow�r•pnes to comply with ths p►ovisiom of any lae�e if thia d�sd ot trust i�on
<br /> under�tho�COVennnm by lewauor iig lu aUoni of the co�ndd�ominlum or plan�nid unk dsvilopmsntnt, Borrow�r w�ll periorm ell of Borrower'a dutl�s
<br /> �.��{�y o}�«�to pKform{or sarowN. If Borrow�r fallt tope�form�ny of Borrower'�duti�s undsr thfa deed of trust,L�nder mey �
<br /> conitruation ont�thi p�rop�rtY li�d si cant nuid or not cii i�id on In i riisonibli�minnir,Lendirymiy do wh tevnr is necisaryt o prat�tcLsnd�r'i
<br /> sscurity Intsn�t in the prop�rty.Thl:may Includs oompletiny ths aonstruation.
<br /> Landsr'a f�llun to p�rform will not precluds Lend�r from�xsrcistnp�ny of lu oth�r ripht�und�r th�I�w or thi�dud of truat.
<br /> AnY amount�pald by Und�r to prot�ot Undsr's ncurhy int�re�t wili be sscund by thie deed of uust.Sueh amounta will be due on dem�nd
<br /> and will M�►inten�t from the dat�o}ths p�Yment untll p�id In tuil at th�int�rsat rate in�fbat on ths sscursd debt.
<br /> 10. D�f�ult �nd AeeMa�tlon.If Borrow�r i�ils to mak� any paym�nt wh�n due ar bnak� eny covananta undsr this deed of tru�t or �ny
<br /> dim9in�immidlot�paymsntind may Invoke the p�owsr of siliind iny o he►rtim�d sI spetmittsd by appilc�ble Iawurity of the seeund debt and
<br /> hersto�i th��dr�!ii ot s�c�chlpirson��ii ie to►th hereln,copler of the notices of default a�d�de be sent to each per�on who i�a p�rtY
<br /> 12.Poww of S�N.If ths Lender invoket tM power of als,th0 INStee shaSi iusi iiLuT3 SS ih�OfticC 0!LhE f�l6twr nf deedt of each county
<br /> whsnin ths ttuet prop�rty or eom�put or p�rcd ths►eoF is dtuated a notice of def�ult cont�inin�fetOn�o�io�othiiupe,oni�s preieribsdtby
<br /> shsll�I�o m�Y copl�a of the notic�of d�f�ult ta ths Borrowsr, to sach psnan who Is a p�rty h� �� �pt In any
<br /> �pplicabl� I�w. Not lei�then ons month �tter tM 7rwte�records the ratice ot d�fault or two months if ths vust p►op�rty
<br /> incorpont�d clty or vlllp��nd Is ut�d i�farminpop�ntbns carri�d on by the uu�tor,tM fruat��shall pive publ.=notWl iQ auctbn to tt�ia hipM t
<br /> and In th�mmMr txescribed by�apppi(a�ble law�.7rust��, without dsmmd on Borrawsrr,t yshall oeil th�proputy Du
<br /> T�Imiy�poidtpboni�i1Fs ot all�w iny parcreltof the a psrtY bY Publi�o innounc�ment at tM�timi�+u d plics o}anyr�pr4ivioualyy�c�hedulsd si{Wi.
<br /> LendK or ks d�stpr►��m�y purahas�th�prap�rty it eny sal�.
<br /> Tn�istN t�d�'ehe�l���mi f�eavldtince tM tiuth�oif the sti ements�cont,insd thsrs�naTruiteeishill aPPly�ths�p►cceediC�LOi thei,le In�d»�
<br /> toliowinp order: (U to all �xpenu� of tM sale, includinp, but not Iimltad to, reasonabl� Trustes'a feea, n�son�ble �ttorrNy'a fsea ��d
<br /> ninat�t�msnt f�n;(b1 to�II wm�ucured by thi�daed of trust,�nd(ai tM bd�nc�,if�ny,to th�psnone tepally sntttlsd ta nceiw it.
<br /> 13.Fa�down.At L�nd�r's optlon,thi�d��d of au�t mey be foraclossd in tM m�nner provide by applloabte law for forecloiun of mortp��
<br /> on nd property.
<br /> 14, Undsr m�y sntsr ths prop�rty to Inspect It If Lendsr pives Borrower notice betorehend.Ttb notice must ot�ts tM n��on�ble
<br /> caus� or L�ndir'�Insp�atlon.
<br /> 18,Cpnd�n�don. 8orrower�stiQns to Lender thapr ocaed�oi my�ward or cl�im for dem��pes conneotsd with a condemn�tb�or other t�kiny
<br /> of+�II a any p�n of tha property.Suah proceeds wfii be applled oe proviQed in Covenent 1.Thia�ssipnment Ia subj�ot to the tsrmt of�ny priw
<br /> sscurity apn�m��i.
<br /> 1e.W�IvN.By�z�raldnp any remedy evafl�bie to Lendsr,Lender doei not plve up eny riphts to latsr usa�ny oth�r ramedy.By not�xercitinp
<br /> - any remsdy upon 8arow�r'�defauit,Lender doe�not waive eny ripht to later conflder th�evsnt�def�uft If it happsns+gein.
<br /> 1�. Jokd �nd 9�wrr LI��y Co•�ipn�ns Suce�ua� �nd Anipns dound• A�� dutis� undsr thls ds�d of vu�t uo Joint and sevorai.Any
<br /> 9orrow�r who co•sipm this deed of truat but do�s not co-si0n the undHiyInp d�bt Imtrummtiil doss so only to pr�nt and convey that
<br /> BorrowK's Intan�t in the props►ty to ths Tru�t��und�r th�term{���of thls de�tl oi trust.In�ddition,auch s Borrowrr�prsss thet the Lendu�nd
<br /> ds6t wit'hout thit Barrower i coniint ar duwithout,releiinp that Borrowiri�om t'��ie ermi ot thii deed oi�trust this deed of uust or the secured
<br /> TM dutle�md Wnefit�of thlt decd of Vuit thati bl�d�nd bensfit ths succsiaars and�osipns ot Lender and Borrowsr.
<br /> 19.Notle�.Unla��otherwis�rsquked by I�w,an�t notic�to Borrower thNl b�piv�n by daltverinp It ar by maiilnp it by certifled m�ll addres�ed ta
<br /> Borrower�t the p�o rty�ddrss�or eny other etldrest that Borrower hes yIven to Lender.Borrower wlll pive e��y notice to Lender by certifl�d
<br /> bs�ssnt to Lender'a add�nss i�itated on�peysel of thlitdeod of truitther eddre»which L�i�der h�a desipnated.Any other notice to Lendsr shall
<br />--- Any notice�h�t�bs deemed io heve been qiven to Borrower or Lender when piven In the mannor tt�ted above.
<br /> 18.Tnn�fK of th�Property a�B�m11cIM Intenat In tl»Barow�►.If eil or eny pert of the propertv or eny Intereat In it ia soid o�tranaferred
<br />� piymentLifih�e,6o�r�rlower ria not a neturel p�eJreon endde beneticial�nteresL in the Borrohwer le eodddobiraneisr�red Nowever�Undernmey'not
<br /> -- dsm�nd paymeM fn the ebove sftwtions If it le prohibited by federal lew ea of the dete of thls deed of troat.
<br /> -- Zp,p�conwyanc�. When the obll4ation�ecured by thic deed of truat hae been peld and Lender hes no further obliqatlon to mak�advances
<br /> °"" undsr the Inttrument�or agreemente secured by thla deed of truat, The Tniatee shalf, upon wrltten requeat bV the Lender,reconvey the trust
<br /> �: property. The Lender thali deliver to the Borrower, or to Borrower's succeasor fn Intereet,the Vust deed end the note nr othor evidence of the
<br />,�� obllpetlon eo satbfiod.Borrower ehall psy eny rocorditbn wsts.
<br /> z�. a�a.nor Tn,st��. Lender, at Lende►'e.optlon,mey remove Trustee s�nd.aappol��e su�c�Naoa t�w i�°r�Yoff%tL tihi�eaiatapof dsed�
<br /> aubatitution of truatee as reqWretl by eppuoenie iaw,anu irron�`v i�07�� :�a:,...:"..:�.�.....r-:___._..___._. .
<br /> �, euccaed to ali the power tdutlee8outholt�y end title ofthe Trudt�n�edan0 he deed of truet end ot eny�succe6sor trustee.ot tho property,ehail
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<br /> rva•s or s�
<br /> BANKEII4 SVSiEMB,INC..8T.CLOUD,MN 66701 11•E00•397•tJA11 FO(iM OCP•MTp•NE El18/81 _ _
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