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<br /> � COVEHANT� �'l"'°' IOd'(y�l�
<br /> 1. ►�rn�e�b. BarrowN �fN� to m�k� all p�ytMnt�on tl� ucwod Q�bt when due. Unln� Borrow� �rA I,mde�apn� otMrwlt�, �ny
<br /> p�ymmt� lender nc�lv��-trom Bo�tow�t ar iar porrown'� benet�t wlll M�Ppiled fitat tn �ny arnount��orrowar ovi�� on th�e�cund d�bt
<br /> �xcludv�a}hit�rnt a princip�l,�raond to Intu� t,�nd th�n to Inctpd-I}p�rttd pnp�ymtnt of ttH s�cur�d d�bt occurv fot ony n�son,It wlll
<br /> not rrduc�a�xcu���ny�ctNdul�d p�ym�nt untl�lfi���cur►d d��t I�pdd tn full.
<br /> Z,CIMm�/iNlnst TNN.Borr!w�r w17�1�p��y dl t���,�wa�ni�nt� �nd othsr ch�rp�s�ttribut�bl�to tl►�prop�rty wMn due�nd wlll d�i�nd tli4
<br /> w tM propwtv+�dn�t�ny cl�lm�wlN�h would ImpaN th�INn o1 thl�d��d o}trutt.L�nd�r m�y r�puln Borrew�r to nsipn�ny ripht�,clNm�or
<br /> d�f�mn wNch 6osrow�►m�y tuiw opalnat porti�a who wpplY�+bor or mrtalds to Improv�or malnt�in th�prop�rty.
<br /> 3,kuunno�,Borrow�r witl k��p tM p►opaty IntunA ur►d�r t�rm�acc�pt�blo to L�nd�r�Y Borrown'��xpma� �nd ta L�nd�r'�tr�n�fit.All
<br /> In�unne� poMel��sA�ll Inelud�a�tandad mortp�p�olllw�In favor of L�nd�r.l.�ndrr wlll he n�m�d tt lo�t pry��or��th�Imured on�ny�uch
<br /> 1ruw�nc� poYay.Any Imwanc�procwd�m�y b��Ppli�d,withln L�ndw's dlouotlon,to aitiwr tiw rwtoratian or ropalr of tha domapod prcporty �
<br /> a to thr ssax�d d�bt.If l.�nd�r rsqukn mortp�p� n�unne�,Botrow�r�pnu to maintain�uch Imur�ncl to��a lonp a L�ndv nquk��.
<br /> 4.Prop�rtY.Borroww wlll k��p th�property In pood condition�nd m�k�dl npdn n��omWy rnc�uwy.
<br /> 6.ExpMSN.Bo►row�r�prNS to p�y ill L�nd�r'��xparn�� Includinp n��on�bl��ttorn�ya'fut, ff Nor�ow�r brsaks�ny cov�n�nt�In thl�dnd
<br /> o}trwt w In�ny oMip�tbrl��C1x�d by thi�d��d at trutt.�ortowu wlll pay th�a��mount�to L�ndu�s provld�d In Cov�mnt 9 of thl�d�sd of
<br /> trust.
<br /> a.l41ot 6�ktbn�n.Unkae Borrow�r tirat obtalnt L�nd�r'a wrltt�n cons�nt, 8orrow�r wlil not m�k�or p�rmit�ny ch�npo to any prbr
<br /> Inc uhidl�i�p��rowir'i covinanti�to maki pi�ym,nti�wMn dui blln�tlom under any prior mortq�p�,d�ed of trust or otl►�r Recurity ayraement,
<br /> 7.�ulsneeMnt ot R«MS�nd halkr.Borrow�r���Igns to I.�nd�r tM nnt��nd Rroilts of th�prop�rry.Unbs�Borrow�r�nd L�nd�r h�v�aprNd
<br /> ot rs� in writinp, Borrow�►m�y colNat and ntNn ths n�t�as lonp as Borrowa i�not In defwlt.If Borrow�r d�}�ults, Lendor, L�nde's
<br /> ap�nt,a a tourt appoi�tad nc�iv�r mry t�ks pon�abn�nd man�p�tM p►op�►ty and coll�ot th�r�nts. Any rant� L�nd�r coll�ots�hall b�
<br /> eppll�d flrat to tM cost�of man�pinp the prop�rty, Includin court cost� �nd �ttornsys' feet, commUtlom to nnt�l aQ�nts, and any oth�r
<br /> rnc�a�ry r�t�d�xp�nwi.Th�nm�Ininfl�mount of nnta wRl then appiy to p�ym�nts on th��ecund debt a�providsd In Cov�nmt 1.
<br /> �,Lw�IwIMi Cq�don�lt�itwmi Plarw»d U�it D�vdopnwnn.Borrown aan�s to comply with tM providon�of�ny I��t�If this d��d of tru�t is on
<br /> a Ioacohotd,If thit disA af trust Is on a unft in e condominlum or e plenrfad unit AeveloPm�nt, Bonower wtil perform ail of Borrower'r dutl��
<br /> un�th� co+�rnrtt�,byIsw�,a npul�tbm ot th�condominium a pi�nn�d unft d�wloqMnt.
<br /> �,Awl+o�ity of l�►N►to►Kfam tor�oROw�r.If�orroww tails to arfam �ny o}8orrowe'� dutles und�r tfilt dNd of trust,L�nd�r rrHy
<br /> puform tFM duths or ows�tMm to b�p�rtwm�d.Lendx may sipn Harow�r'�mm�a pay�ny�mouM If r�c�tnry to►psrform�np.If�ny
<br /> Nc��ity�l�K,st In� ����di�condnu�d or not¢srrNd on In a nasan�bN manno.Lendir may do wh�t�wr is n�asury to prot�at Le�r's
<br /> tM prop�rty.TMs m�y InclucN compbtirq!M con�truotbn.
<br /> Und�r's faYurs to psrfam witl not pnelude Lender from�x�rclsinp�ny of it�other rlphta undar the Itw or thit deed of trust.
<br /> Any amount�pald by Lendsr to prot�ct Lendar's�ecurhy interett wiil b�s�cur�d by thl�d��d of tru�t.Such�mounts will b�dw on d�m�nd
<br /> md wIN�+r Intu�st trom tt»d�t�of tM paym�nt u�tll paid in full at tF►e tnt�nst rat�In�N�ot on the i�eursd dsbt.
<br /> 10. DM�uit�nd Aec�Mntion. If Borrow�r fails to m+�k� any paym�nt wl►�n dw a bnak� �ny cov�runt�und�r tids d��d of vust or �ny
<br /> oblipnbn Hcund by this dNd of trust or�ny prbr martp�p�a d��d of Vust,L�ndK m�y�ca�Nnt�tM maturlty of ths s�dx�d d�bt�nd
<br /> d�mand immWiate p�ym�nt and m�y Invnk�ths power of s�N�nd��y otMr nnwdla p�rmitt�d by�pplk�bl�law.
<br /> il,ppu«ttor,Nodc�of I�iwlt.It i�hsreby requ�ct�d that copi�s of ths notic��of d�tault u►d ale bs s�nt to��ch p�non who i��party
<br /> �,.��.a�a....�a:.�r�:�,�r��:����,,:�_�sa:::,h:rst�.
<br /> 12.PowM of S�N.If ths L�ncNr Invokss ths powe of tNe,the T�vst��sh�ll firat ncord in tM offic�of tM repitt�r of dNd�of�ach county
<br /> whardn tiw trust proprrty or some p�rt w parcd th�reof(s siw�t�d�notic�of d�fwk contsi tM in}amatbn rpukW by law.l'tw 7ru�tN
<br /> ahall dto m�il copbi of th�notic�of det�ult to th� Borrown,to s�ch person wlw ts�pirty��to,�nd to otMr p�tsorn��pr�saN�d by
<br /> �pplic�bl� Uw. Not Nn than on� month�ftsr tM Tru�tse records the notics of default or rivo months N tM uust p►op�►ty 1��ot M any
<br /> k�corparai�d city ot vitl�p��nd is uwd In farminp op�ntbns a�rrNd on by ths trustor,tM frust�e�hall piv�publia notic�of sal�to tM p�►son�
<br /> �nd In tlo�m�nmr pr�scrib�d bv��ppp�ic�bk I�w.Tru�tN,without dsmand on Barrow�r,�hall��H th� prop�tty�t publ(o�uatbn to th�hlpM�t
<br /> bldtNr.If rpuk�d by tM Farm hiomat��d Prot�oUon Aot,Truat���hall ofbr th�prop�rtY in two��psnts aNs a repuk�d by appltwbl�I�w.
<br /> TL�w la dii(p�i miy purch�se�ths p�ocapwty�tiny i�ple Y by��lo annauncortMnt at ths tfm��rtd placs of�ny prevbuNy acMdi�Nd�N�.
<br /> Upon ncelot of p�ymsnt ot the pr(cs bid,Trustee shall dsliver to the purch�:sr Trustae's deed conwy(�p the p►op�rly.Th�recitlali contalnsd In
<br /> 7rust»'e dMd sh�ll W prima tacl��vldiencs of the truth of ths statements contdnad thereln.Trust�e ah�ll apply th�proce�ds of th�s�k In ths
<br /> folbwlnp ad�r: (al to all sxp�nsss of the eale. Includinp, but not Ilmited to, re�son�bl� 1'►u:n�'�tees, r�a�on�bl� attan�y'� fN� �nd
<br /> nkut�t�mmt fe�s;(b)to�II sums secured by thls deed of t�utt,and la)the balance,If�ny,to ths persont lep�lly entiHed to nc�iw k.
<br /> iS.Fa�clo�ws.At L�ndsr's optton,this dend of trust may bs foncload U tM m�nner ptovide by�ppllc�bi�law fa toneb�ur�of mortpap�s
<br /> on n�l propKty.
<br /> 14.�� Lsnd�r may ent�r tM prop�rty to insp�ot it If L�ndar piv�a Borrow�r rsotic�b�fonlund.Th�notla muat st�t�tM nuonaW�
<br /> c�uw for lmder's Intp�ction.
<br /> � 16.Ca�d�nnMioe.Borrower ess1pns to Lender tMproceeds ot�ny eward or clalm ia dam�pes connected with a cond�mn�tton or othtr t�kkp
<br /> ucur�iyiNmfntf th�propaty.�Such procud�wfll b��ppll�d��p►ovld�d In Cowmnt 1.Thle�ttipnm�rR is subJ�ct to th�t�rmt of�ny prbr
<br /> 16.W��By�x�rclsloy any rem�y sveti�ble to Lendsr.Lender doss not yive up any right�to I�t�� u��rn otMr nmedy.By rat�xacidnp
<br /> �r►y r�»dy upon Borrower's default,Lender doea not waive any rlpht to I�ter cansld�r ths svent e defauk if It K�ppm�ap�in.
<br /> 17. JoN�[ �nd 8twr�1 ���, Cadp�Nns Succ�sson �nd Asslpn� Dar►d. All duti�s under thlt deM of trust�rs Jolmt �nd�svsnl. Any
<br /> Borrow�r who co-dpna thi� dssd of t�uat but doss not co•dqn ths underlvinp Mbt InstrumentU! dw� �o only to prant and conwy th�t
<br /> Bonowsr'�intsnst In ths propxty to the Trust��undu th�t�rms of this dssd oftruat.In addkion �uoh�Borrow�r�pn�s th�t tM L�nd�►and
<br /> �ny oth�r Borrow�r und�►thts d�sd of trwt may sxtend, modit�or m�k�any oth�r chinp�s in t�terms of thf�d�sd of Vust a tl»�ocurW
<br /> d�bt wkhout th�t Borrow�►'s con�snt and wlthout tolsning th�t Borrow�r from ths terms of thi�dHd ot trust.
<br /> Ths dutiss md b�rnfits of thi�d�ed of tru�t shall bind�nd benafit the succetsors end eaeipns of Lender md Borrower.
<br /> � it.Nollc�.UnN�s oth�rwise nquired by law,�ny nottce to Borrower rhdl be plvsn by detiverinp it or by mailinp it by cerNfied mafl addn�srd to
<br /> Borrow�r n th�prop�rty�ddnu or anY oth�r�ddna th�t Bor�ower he�0ivsn to Lender.Borrower wIN piw any notice to Lendv by c�rHfled
<br /> m�il to L�nd�r's�ddr�sa on p�ys 1 of thl�dsed of tru�t,or ta any otfier eddnat which L�ndsr has d�sipnst�d.Any otfiK�ottc�to Lend�t sh�ll
<br /> bs sent to Lendv's�ddnn u statsd on p�p�1 of thl�daed of tru�t.
<br /> Any notice�hNl be d��med to h�v�bum plvsn to Borrower or Lender when qiven In the menrnr�tu�d above.
<br /> � 1�.Tnr�sl�r of tM Prop�rty or�B�flct�Mt�rNt M th�Borcow�r.If sll or eny psrt of the propertv or eny intere�t in it is sold or tran�f�rnd
<br /> , wltfwut Lender's prlor wrlttsn consant, Lender may demand immedlato payment of the secured debt. Lsnder mey also demand tmmedlate
<br /> demindtp�ymenBin theibove altustlons�If it s�prohibied by federal Isw ea of the dete o}this dsed�of tf uit nsferred. However, Lender mey not
<br />� 20.R�conwy�na�.When the oblipatlon tecured by tMs deed of trust hss been paid and Lander hea no furthor oblip�tion to m�ke�dvances
<br />- under the Imvuments or e0roemente seoured by thla deed of truat, the Truatee ehalf upon written roqueat by the Lender,roeonvey ths uust
<br /> obllyitlon�os�tl Ned�Bo�rrow�er�shalltpay eny ecordatlonBcoiis er'c auccescor In interest,the trun deed�nd th�note or othsr ovidsnc�of tM
<br />- 21. 6uctetor Tru�tw. Lender, at Lender's optlon, maV remove Trustee and eppoint a nucce�sor vustee by flrst, mafitnp a copy of the
<br /> tubstRutlon of trustee ea requlred by epplioabin law,end then,bY tlltnp the substitution of truatse fo�recad In the oNice of the r�pUter of dKd�
<br /> - of e�eh eounty(n which thn truat proporty,or�ome pert thereaf,is situated.The eucceaeor trustee, without aonveyance of the property.�hdl
<br /> _ �ucceed to ell the power,dutie�,authority ond tit�e of the Trustee namod In tho deed nf truat end oi any wcce�sor trustes.
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<br /> OANKEIIS SV6TFM9,INC..ST.CLOUD.MN 66901 It•E00•�97•2�t1)FO(1M OCP#IT6NE 6119/81 .
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