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<br /> ' COVENANTf s7�1a�9��
<br /> 1, ��ym�t�, Borrow� �qrN� to m�k� �Np�ymmt� on th� t�cund d�bt whm dw. UnNsa Barown
<br /> p�ym�nt�L�nd�r roc�iw� from Borraw�►or 1ar Borlo�v�r'� b�n�flt wlll b� �ppIl�d f(ret to �ny�mount� :�� ����
<br /> exclusivs of Int�re�t or princlpd,�econd to Intn��t,�nd tMn to princip�l.If partlal pr�p�ym�nt ot the sacure d�b � ccure for�Y�(��}?��, W
<br /> not nduc�or�xaw��ny scMduNd p�ym�nt until th���cund d�bt I�pald In full. �ENF!�Yf N':.VeA e�9�iQ16K[���r•
<br /> 2.dNr+w A�t TNN.Borrowar will Q�y NI t�x��,��as�m�nt�,�nd otMr ohvWt�rirlbut�61�to tl»pro 'tluC"flnQ'M1N'd�rh��dtkh-
<br /> to tM prop�ty�n�t my cldm�whlch would Imp�k th�Il�n of thl�d��d of truit,l�nd�r m�y r�quk�Bor►ow�r to asslpn my ripht�,c1�im�or
<br /> �}mi��w� hlch rowe m�y hsw�yNmt partl��who�uppiy I�bo�or m�t�rid�to Imprav�or mdntaln th�prcp�rty.
<br /> 3.N��ne�.BorrowK will kNp tM propety In�w�d und�r t�rms�ac�pt�bN to L�nd�►at Borrow�t'��xpm�� rnd fa LmdK'� b�n�fit.All
<br /> iniurana pauci�a�h�ll Includ�a�tmdHd mort �W clau��In i�vor o}l�nd�r.L�na�r wlll b�mm�d a�lo��p�Ya�ar es tha Imur�d on�ny such
<br /> or to tMiic�txod diM�If Liodir f�iqcuk d�mortpw���w�nci Borrowirr,�iii ao4milntdntiuch Iniuroncitior is lorp�o Lindiranquirii��rtv �
<br /> 4.hopwty.Barrawsr wlll knp the ptap�rty In pood conditlon�nd m�k��II npek�mtonabiy n�ceu�ry.
<br /> 6.Exp�N.Bo►rowK��n to pay all L�nd�r'��zp�ns�s Ineludinq re��omW��trarn�y�'fn�,If Borrow�►bnaks any cownsnts in thl�dNd
<br /> ot trust a In�ny obllyatbn acund by thi�dwd ot trust. �orrowcr wlll p�y tMR��mount�to L�nder��providsd In Covemnt 8 of this d��d af
<br /> tron.
<br /> d,Ma t�Int�t�.Unbu Borrower ffrat obtdns Land�r'a wtitten con��nt,Borrow�r wlll not m�k�a p�rmit any ch�np�s to�ny prlor
<br /> s�curity Int�n�a.8arow�r will p�rtam �11 of Borrow�r'�oblipatiora und�r�ny priw mortpsy�, d��d oi truat or othv aacurity apresment,
<br /> Includtnp Barow�r'�cowmnta to m�k�paym�nta whm dw.
<br /> 7.A��t of R�nb�nd holhs.Borrow�r�s�iyns to Lsnd�r ths rent�and proflts af th�prap�rty Unless Borrowu snd Lsnd�r have apn�d
<br /> otMrw���in writinp, Borrown m�y colNat and ntdn the nnt��� lony n Borrow�r I�not In d�tault.If Borrowar d�t�ulta, Lend�r, Lend�r'�
<br /> �nt,or a court�ppointsd rscNwr m� tak�potaenion�nd m�mp� the prop�rty md collsat th� rents. Any nnts L�ndu coilsott sh�U be
<br /> aniciisary rd+ted•xpsniis tThe rimitni�imount ot rsnu will then apply to piymenti on ttw sioured debt ii prov ded In Covinentd��ny ether
<br /> t.L�u�hoWst Ca�don��ns:P��d Unit D�vNopmMt�.Borrowsr� ra��to compty with ths provieiont oi any Iesie I}thl�d�sd of trust is on
<br /> a loa�ahotd.It thfs d�ed of uuat la on a unit In e condominlum or a pQ�n�unit tl�vdopm�nt, Borrow�r wIN p�rfwm all of Barovwr'�duti�s
<br /> unde tM eownanu,byI�w�,a rnpulatiom of tM condomintum or pl�nn�d unit d�wlopm�nt.
<br /> 9.Authaity o1 L�Wn to �wfam fa�ortowN. If Borrow�r Ulls to�pe►form�ny ofi Borrow�r'�dutiu under tMs ds�d of uu�t, l.�r�r m�y
<br /> psrtam the dutie�or cause them to b�performsd.Lender may slyn Rorrowsr'a n1m�o►pay�ny�mount tf necesnry for p�Horm�r�.If�ny
<br /> con�t►uotbn on th�propnty is diacontinued or not carried on tn a raa�onable m�nne►.Lender may do whetsvsr is necssiary to proteot Lendsr'r
<br /> s�curky tnnnst in th�prop�rty.Thts may tnciude compktinp th�conmuatbn.
<br /> Lsnd�r's fallun to ps�form w11i not pr�cluds Lender from exerclalap any of lu other ripht�und�r the I�w or thts dsed of tru�t.
<br /> ;ny Wmo�u�ta�rist ttomder�tdati�of thi piyment untfli pa d In full at�the�intsrietd,ts In�eNsnt on the iecured debt unts wlll be dw on dsm�nd
<br /> nd
<br /> 10. LHfwit�nd Aca�ntian. If Borrow�r falla to m�ke �ny paynisnt when due or break� any covontnts under thta deed ot trust or any
<br /> ablp�t(on s�c�x�d by this dnd of trust w any prlor mortptpe or dnd ot tru�t, L�nd�r may accel�rato th�maturity of the��cund d�bt�nd
<br /> demand Imm�di�ts p�ymsnt�nd may invoke th�power ot seie and�ny athar nmediss permitted by eppllcable law.
<br /> 11.R�qw�t for Hotic�of G�fault.It i�hsnby raQuested thet coplei ot the notice�of dsfeult and ade bs sent to aaeh perton who ts a p�rty
<br /> S��iiitO�it 2S"io i�3i8GG 0}'v3Lh:UCh�CiLDiS.��L•t�0[!1!�fEl!!.
<br /> 1].Pow�r ot S�M.Ii ths Lsndsr invokes ths powK of saN,the TruttN sh�ll ffrat recad in the office of ths repist�r of de�ds of�ach county
<br /> wMrein ths tnut p►op�rty or eom�part or puc�l th�reof is sitwtsd�notic�of d�fault cunt+lntrq tM Intorm�tion nquk�d by I�w.TtN TrustN
<br /> ahMl d�o mdl copt��of th�not��of d�fault to the Borrower,to sach pason who b a party Yxireto,�nd to othsr pesons aspr�saib�d by
<br /> applfaabb law. Not Isti th�n on� month atter th� Trustae rocord�the notia of defauk or two months if ths t�ust propsrry ls not In any
<br /> Incorpontad city a viil�ys and Is utM In ta►minp operations c�rrled on by ths trustar,the'Fruatee shell pive publio notics of��N to th�p�nom
<br /> �nd In th�mmnar pn�aibed by�pppliaabN law.7ru�t�e,wfthout d�mand on Dorrowa,shdl sdl th�property at publlo�uatbn to th�hlpMst
<br /> bidd�r.If requNed by tlxi F�rm Homests�d Pirotection Aat,Tru�tee shail oMer the property In two sepnate�des a�required by�pplia�ble I�w.
<br /> Lind�r a iti dosip�nss miy purcha�i the propi��t any ai�le�by publie snnouncement at tM tim�and plaee of any previouRly scMduisd wM.
<br /> Upon nc�fat of paym�nt of tFw plc�bid,Trwtes�hdl dsllwr to the purchaser Trwtes's ds�d conveyin�the p►oputy.TM recltials contatn�d in
<br /> Tru�tN'�d��d shall b�p►im�t�ci�avldlencs of th�truth of the�tstem�nt�r,onta�n�d thorsin.T�utt��Rhatl apply the proce�d�of tM sN�tn tM
<br /> rNnititimint feiw��(b to ill iumi iicursd dy thii de�of��ust�ind(ol�tlmis�t bilanci/f any blo t e penona Iepiliy intittid uaicsive It tN� ��
<br /> 13.Fondown.At LeodeP�optlon,this de�d of trust m�y be fareclos�d in ths m�nner provids by appflcable law for foraclasur�of mortplpn
<br /> on nd prop�rty.
<br /> 14.M�otbn. Undsr m�y enter tlw propnty to Insp�at It If L�nd�r piws Borrower notice beforehand.The notice must ftate tlie naton�bls
<br /> c�uts fa Lend�r'�inspeacion.
<br /> 16.Cond�rt�llon.Bwrow�r aulpn�to Lend�r the rocsed�of sny�ward or clsim for damapss conmcted with e condemnatlon or otMr t�ktnp
<br /> of all or�ny part of H»property.Such proceeds wIP be applied�s provided In.^.ovsmnt 1.Thfs�asipnment It aubJeat to ttN terms ot�ny prb►
<br /> s�curity�yrNm�nt.
<br /> te.W�.By exercitinp any remedV svallable to l.ender,Lend�r dws not yivs up�any�Ipht�to later u:s�ny othsr remedy.By not sx�rcf�(rp
<br /> any nm�dy upon 8wrow�r'�d�fauit,Lsndsr does not w�ive�ny ripht to I�tsr con�id�r th�event a d�fwlt ff It happ�ns�pNn.
<br /> 17, ,latnt and S+vKr�y Co�NpnMSt Succ�saora �nd Aistpm 8ound.All dutl�o undsr thi� da�d of uust sre jolnt and tsveni. Any
<br /> Borrower who co•styrn thl� de�d of vust but daes not co•�Ipn tM underl�Inp debt (rntrurrNnt(s) does so oniy to pr�nt �nd convsy that
<br /> Borcowu'�fM�n�t In th�prop�rty to th�Tru�ts�undsr tM terms of this deed of Vust.In�ddition,such a Borrowsr apne�th�t ttN L�nd�r and
<br />' �ny othn Borrow�r und�►thls de�d oi trust may extsnd,modl}�or msk�my other chanpat fn ths terms of thi�deed ot Vust or tM a�cund
<br /> _ d�bt without th�t Borrowsr'�com�nt and without relacinp that Borrower from the terms of thl�daed of Vust.
<br /> TAe dutN��nd Mnsfits of thii deed of uust ahsll Wnd end benefit tho suocsa�ors end a�slqns of Lendsr end Borrow�r.
<br /> 18.Noda�.Unlea otMrwi�e reQuirsd by law,any notiee to Borrower sh�ll be piven by deliverinp It or by maflinp it by certttl�d mNi�ddre�s�d to
<br /> Borrow�r at th�prop�rty�ddress or�ny other addreu thet Borrower htt piv�n to Lender.Borrower wlil glva any notic�to Lend�r by c�rtifl�d
<br /> mefi to Lender's addre��on psys 1 of thi�dssd of truit,or to my other�ddre:s which Lender ha dedpnated.Any othsr notics to Lendsr shNi
<br /> - be s�nt to L�nd�r's addns�as st�tsd on pag�1 e}thls deed of trust.
<br /> Any notice�MII b�d��m�d to haw be�n plven to Borrower or Lsnder when qlven In the manner stated above.
<br /> 19.TnrutM of tM PropKty a�8�11cir Int�ntt in th�BottowN.If�II or eny pert oi the property or any Interett in it le sold or transfsrnd
<br /> wlthaut Lsnder's prior written cons�nt, Lendar may demand Immediate paymont of tho eecured debt. Lender mey elso demand Immedl�te
<br /> • demindtpaymenteln�the above situstlons�If Ip e prchlb ed by federaf Isw ae of the d ae of thii deed�of trust ne}erred. Howeve►, Lender msy not
<br /> •I 20.R�conwy�nn. WMn tM oblip�tlon s�cured by this deed of truat hae been p�id and Lender hae no further obliyation to make advances
<br /> und�r the Imtruments or apr�ements secured by this deed of vuat,the Tnutes shalf upon wtittsn request bY the Lender,reconvsy the Vust
<br /> propertyr.The Londer ahsll deliv�r to the Borrower,or to Borrower'a succeesor in intsreat,the trui4 desd and the note or other evidence of tha
<br /> � oblipatfon so uti�fied.Batrowar�hall pay any rocmdation coata.
<br /> 21. Sue¢�swr Truatw. Lender, st Lsndsr's optlon, may remove Trustoe end �ppolnt a eueeesaar ttuatee oy rirac, maiii�y e copy oP ii�e
<br /> ' substftutlon ot truetee et required by eppliceble lew,end then,by illinp the substitutlon of truttee for record In the ottict vf the reQiater ot deede
<br /> o}sach county In whlch the truat property,or eome pert thoreof, Ia eltueted.TNe auc¢essor tru�t�e,wfthout conveyance ot the property,shall
<br /> succeed to all the power,duties,suthority end title of the Truatee named In the deed of tru�t and of�ny auccessor buetee.
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<br /> � BANI(ERS 6VSTEMS.WC..3T.CLOUD.MN 76�01 11•E00•�87•2��11 FORM OCP-MTp�HE 6/1891 ��_
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