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<br />�.:11�faN�
<br />'�`"'�;,";� COVENANT� ��* !�I ��
<br /> 1. �aYn�1t�. Bor�ow�r �pra� to m�k� all p�yrvHnts on tM staind d�bt wh�n Au�. Unlw�� Rnrrnwwr�n�l lwnA�r �p�en ntheiwin�, aiy
<br /> ,�, p�ym�nt� L�r.d�r nc�fvn from Borrowa o�for Barowx's bm�ilt will b��ppIl�d (Int t�u N�ry�ninunu tlauuwn owa un th� eaaureil d�M
<br /> �xcluUv�o}Intentt o►princlp�l, ��r.ond to Inl�rut,�nci Ih�n to principal, H p�rllel prepeymmit o}the �er,ua�d dwht nccun lo�eny rn��on,R wlll
<br /> • � not nduc�or�xouu�t1y�oMdulyd p�ym�nt unlll tM suur�d A�bt I�pdd In lull.
<br /> ' - ��CI�Nnt A�t Tlllo.9o►rown will p�y dl trw��,w�o�m�nt�, md otl►u nh�rp�� ettrlhuuGl�to th�pc�qrty wlHn dw e�xl wll!d�ftnd tI1N
<br /> to iM ptopatvrp�Irnt�ny clUm�whlch would Imp�Y tM Ilwn of thl�d��d ot tn��t,l.pndn m�y nqulr�Uorroww►ta �ar�pn�ny r�phtu ol�lm�ar
<br /> - d�f�ni�1 whlch oorrow�r m�y h�v��p�lnft putNs who�upply I�bo�or m�tnld�to Imprav�or m�lnfeln thr qo�r1Y.
<br /> '_i;r;„',• �.kNw�no�. lorrown wlll kNp tM prop�rty Insurb uib�r t�rm��oupt�bN eo L�ndM �t brrow�r'���qnu�r►d fa L�nde'� b�rNflt. All
<br /> In�unnc�pollcl���hNl IneluM��t�ndard matpq�d��lN If1}�VO�0}L�I1dN.l�nder wIN 1�n�m�d��lo�� ay��or n th�In�ur�d on�ny�uah
<br /> „� Irvwnna pplloy.AnY In4ur�nc�praa�d�m�y M �odl�d,withln L�nd�r'�dl�cntlon,to�Itha th�r��teniian o►npwk M Ih�d�m�nHl preMrty
<br /> �,�, a to tlw s�curW d�bt. If L�►Wn nqukr�mortqp�liuunnce.Borrown�anu to m�lnt�in Quch Intur�na fa��bnp u Unda nquk��.
<br /> ��� 4.rrop«ty.9orrowK will k��p th�prop�rty In poad condi�bn�nd m�k��tl npNn mtonably nea���ry.
<br /> - ::r,��
<br /> -,^ 6.Exp�nte�.Borrow�r�pn��to p�y dl L�nd�r't�xp�nm Includinp ruson�bl��aorn�ya'fu�,I}Bo�rowu br��k� �ny cov�mnt�in thlt dNd
<br /> of trwt a In�ny oblp�tlon��cund by thl�dnd of W st.�orraw�r wlll p�y th�u�mount�to L�ncMr n pravid�d In Covcn�nt 8 of thii dNd o}
<br /> uwt.
<br /> � _.. . e.P�iar 8�Inbn�t�.UnN��Bonow�r fint obt�lni Und�r'� wrlttm oom�nt,Borrowu wiil not m�k�a pumlt�ny chanp�r to�ny prlor
<br /> s�curity Int�n •. 8orrow�r wlll pvfo►m�II of Bonower'� ohllpetlone under sny prior mortpape,deed di uust or other ascurlty�pn�m�nt,
<br /> �� ., :�
<br /> Includinp Bo►►ow�r'a eovmanta to m�k�p�ym�nta wh��du�.
<br />:'.j,�� 7.A�slo�x�t of R�nts�nd Protit�.Botrower nsiyM ta Lmdv th�rsnta�nd protit�o}th�prop�r�y. Unl�n Borrow�r�nd Lendn hw��yn�d
<br /> -a..
<br /> .•� � ... oth�rwft� in wrhinp,Bonow�r may colUot and rst+in tM rent�aa lonp a�Borrow�►I�not In d�}ault.lf Borrow�r dst�uita, Lmdsr, L�nder'�
<br />=- .��; �p�nt,w a caxt appofnted reaeivsr ma1r tak�posutsion e�d mampe the proRartyr and colleat ths nnts.Any rent� Under collaats shall he
<br /> -1• epplied ikst to tM costs of m�mpinp ths property,Includi�p court cost�and attorneys' fses, comrnl�sfau to rsntal +pent�,and eny athar
<br /> �1,�..r��� nscassery relat�d exp�mes.The rsmaininp amouns d renu will th�n spply to payment�on th�s�cursd d�bi u provldsd In Covenmt t.
<br />�-�";�?,;:, a.�....nda. c�ea+�,�m.:r�.M»a u�a
<br /> f wbp�nM.Borrow�r�prsss to comply with ths provisiom of�ny lease if thls d��d of tru�t Is on
<br />-;%•R,�`; e inaehold. H thia d�ed of tru�t Is on a unit in a condomk►ium or a plmn�d unit devdopm�nt, Borrower vv01 p�rform eA of Borrower's dutis�
<br /> ' under the covena�s,bylewa,or reput�tlons of;fis coxiaNrslum ar pisron�d unk davslapment.
<br /> '',1:v1::.
<br /> � Y.Aud�oiiq of Lw�dv to►�rferm fa�orcow�r. If BorrowK t�ils to�p�Horm�ny of Borrow�r'a duti��undv thh dwd oi tru�t, L�nd�r m�y
<br />-.iif;(. �,' conitruet on on the�proau�s tFwm to b�pnfam�d.Uradw m�y sipn Borrow�r'�mme a p�y���mount if ntens�xy tor p�r(ormanca.If my
<br /> � sacurity intsreet In tM p�roperiyaThii may includ�i co�m�p%idtkp Uie coniuuctlonmenner,Lsndsr ma do wlutewr i�n�c�sury to protsot Landsr'�
<br /> °.'� LsndeYs tallure to perform will not prsalude Lender frorn�zerciting any of it�othsr ripht�under the I�w or thU deW of trwt.
<br /> ;�.y,y
<br />_ •'�-,,�.� Any�mounts ptid by l�ndn to prot�at Lender't s�curity Int�nst wiil M secured by thia dNd of uust.Such�mount� w111 te dus on dsmand
<br /> �pt tr•, snd wlil bear intarost from the d�te ot the payme�t until p�ld in fuil at th�intsn�t nte In sHeet on ths s�eur�d dsbt.
<br />`''"�'�` 10. D�f�ult �nd AeeN�Won. If Borrower talb to auke�ny psyment when due or brsak�any coven�nu under this deed of vust or any
<br />-:-�tt�,;• oblipotion sscured by thl�de�d of trust or any pria inap�y�o► d��d of tru�t, L�ndu may�aaln�t�th�maturity of ths secund d�bt�nd
<br /> d�mand Immedl�t�p�ymmt and may Invoks tt►�powx af ule�nd any othar rem�di�s p�rmittid by�ppllc�bN I�w.
<br />�^��:ir� 11.A�qwat tor Notk�of O�fwk.It is hereby requutad that copfe�of th�notic��of dsfauk and sal�b� �at to s�ch p�rson who I�a party
<br /> s:^Y+ r
<br /> _,:�y�', heroto,at ths Wdnn of aach�uch p�rson,a�sst fanh Mrei�.
<br /> :-=��� 1Z.Poww of QM�.It the I.ender invoket ths power of nle tM Tru�ts�sh�ll first ncord in the oHfc�oi sM rsyi�t�r of d�sdr ot uch coun
<br /> �,-ni'z'"�. wMrsin tM trust prop�ny ar tom�p�n or pareei tfxreot 4 sitwt�d�notice of def�uft contdMr►p th� Inform+Uon nquk�d by law.TM Trustw
<br />`,,,,'�"��,� ahall�Ito mall copia of the notice ot defsuR to th�Borrowar,to sach person who is a party fi�nto,and a cth�r p�nons a�pr ucribed by
<br /> _�- jr� appliaabb law. Not Nss than on�month after th�Trun�e recadt the �otic�of d�fault a two months N ttN trust prop�►tyr ls not In any
<br /> -?!�9�� Ineorpont�d cfty or vNIaQ��nd Is uad in fsrminp o�pralbin amt�d on by th�uusta,th�'Fru�ts��hdl plvs pubito notfce of saN to ths person�
<br />=_-s;�� �nd U tM marwNr pnscdbsd bY�appplla�bis Iaw.Tnntae,without d�m�nd on Borrowe,sh�ll ssll the prop�ty at publlo�uation to ths hIpMK
<br /> bldd�r.if rpuk�d by th�Farm Nomnt�sd Proteotion A a,T►uass�h�ll off�r ths property in two sepante" tdia o raquked by�ppllaabN law.
<br /> - �-`+'�! TrustN may poatporN seN of NI w my pacsl of ttw property by publie ennouncement at tM tin»and pIaC10f My p►bVIOUfIy�CINdUIid��N.
<br /> =_-- L�nd�r or la d�stpnw may purch�a tM property�t�ny iY�. .
<br /> _� Upon natpt of p�yment of th�pric�bid,Truatu slut d�'ive�to the purchnsr Trust�e'i de�d oonvsyin�th�prop�rty.TM nclU�ls contWrnd In
<br /> _____= Truttw'a d�sd shall b�prima f�ci��vidi�ncs of ths buch of tM�tstem�nts eont�tned thenia.Trwt��shdl apply tM proewds of th��aN In th�
<br /> ---�•�-�^— ,� folbwinp ord�r. h)to all sxp�mn of th� �de. Includip, but not Ilmit�d to, reasombN Tru�t�e'�f�a,r�uon�bN�ttan�y'i fM� �nd
<br /> reintUtsm�nt i��s;(b)to dl�um��ecursd by thl�dad ol uust,and(o)the bai�ncs,If�ny,to th�ps►aoru I�poly�ntitlW to rscNw h.
<br /> ' 13.Fandoax�.At l�nd�r's optlon,thl�dNd of t�u�t rn�y b�for�cloa�d in tM mannn p►ovid�by�pplkabN law for for�cbsun of mortpapa
<br /> on nal prop�►ty.
<br /> • 14.NMp�eUon,Lenda m�y ent�►tM prope►ty to irnps ct R if lsnder pives Borrower notice Dutonha�d.TM notla must itsts th�rsa�onabN
<br /> • oWN}a L�ndv's Irap�ctlo�.
<br /> 16.Ca�d�entMion.Borrowa awia�n�to Lendsr ths �oce�d� of any�ward or cl�im for d�ma��s connect�d with �cond�mnation or othK t�kinp
<br /> -- of all a�ny put of th�property.Such procwd�will b� �pplisd as provided in CovemM 1.7hls ateipnm�nt h sut�et to th�tems of any prior
<br /> s�curky pr�nt.
<br /> • 10.Watwr.By�x�rclNnp any rsmsdy�vyfirbis to Lxidar,Lend�r doss not yive up��ny riphtt to IuK ua an1�otMr nm�dy. By not�x�rcisinp
<br /> _ _ _ any romedy uport Borcower's default,I.endsr doea�otwaNe any riyht to latsr consld�►tM event�dsfauk(f fth�pp�ns ap�in,
<br /> � 77•.IoM�t�nd�w�Y 1,N�i� Ca�rr, Suc¢�pxs md Au{pnt Qamd. All dutiet und�r thi� dod d tru�t �n Joint and wwnl. An�
<br /> . 8orrowe who co-slpns tMs disd of uwt but doei not co-dyn tM underl np d�bt Imuumsnt(�) das w ody to pnnt �nd conwy that
<br /> T..-�-s , 8orrowH's Inteest In the propeny to the Truatee und�r tM terms of tht�dse�oi trust.ln addltlon.�uch�BarowK aprN�th�t th�Lsnd�r�nd
<br /> _ ____ any otMr Bonow�r und�r thi�dsad of trust m�y sx�md,modMy or mak��ny otMr ch�n0�o In tM term� dthU dsed of Vust or th�acund
<br /> , d�bt whhout that Barrower's consent a�d without reN�ainp that Borrower hom ths tsrm�of this dNd of truat.
<br /> �°�'—' Th�dutt�s�nd 6�n�fits of this d��d of trutt shdl bitd�nd ber»fit the wcc�:son and auipns of L�nd�r�nd Barrowsr.
<br /> ___:E`-°
<br /> -;,;;:'y�`.. 1�.Notlee.tlnNss otAervvi�s requind by iaw,an1t n� otica ro Borrower sh�ll b�ptvnn by deliwriny it a by maiMp it by c�niii�d mMl�ddnts�d to
<br /> : .��f,� Borrow�r at tM proprtY addna or�ny otMr xMru� tMt Borrow�r ha qfvtn to Lend�►.Borrowe will piw any notica to LsrW�►Dy c�rtifMd
<br />'-`';"��-:�" mail to Lendar's addr�ss on p�pe 1 of tF��dssd of trutt,a to my other eddrsas which Lender ha�d�sipnatb.Any otMr notice to L�nd�r shall
<br /> ' '� � be�ent to Lsndsr's�ddntt s�tteted on paps 1 of tNt d�ed of vust.
<br /> ' Any notla shNl W dwrt»d to have M�n piwn to Barower or Lend�r when piven in the mann�r atat�d above.
<br /> 18.Tr�hr oi tM hopKty or�C�}Ic1�1 1�nst h t!w�o�row�r.If ail w any part of tM proaKtv a�ny Ntenct in it b sold or tnmfKrsd
<br /> •� without l�nd�r's prior writt�n conpnt, Lsndar may d�m�nd Immediate payment of ths secu►ed debt. LeMe�may eleo demend Immediate
<br /> p�ymo�t if th�Borrower ia not e n�tursl person and a beneflciet Intereat In the Borrower ia aold or tra�tUrrad. However, Leredar m�y not
<br /> d�m�rM p�ymmt in tM above�ItuaUons i}It is prohidted by federol law as of the dats of thfa de�d ot t�utt.
<br /> 20.R�conwy�nc�.When tha obtipatlon�scured by this d�ed of trust hss been paid.�nd L�nder h�s no futher obllpatlon to mak��dvancsi
<br /> und�r th�instrumsnri or�preemente secured by thb cleed ot trust,ths Truatee sh�ll,upon writtsn request by tM Lende,roconv�y tM tru�t
<br /> �t'f property.Ths Lendar�hall delivsr to the Borrower, a to Borrower'a successor In interest,th�uust daad and the not�or other svidence of tM
<br /> obifpatbn so a�tisfNd,Borrower shdl pay�ny rocord�tlon wsts.
<br /> 27. sue�••••••r.uW�_ Iwnel.. .f�.n.�..�. .,.,H.....,.� .� r_.�- -
<br /> �- --�— --- w: :yyvu�i o succ�awr irusZN oy nr�t, m�t11fIQ � COpy Of tht
<br /> subatitutbn ot trustii is requlred by applic�ble�iw,ind then,by�fllinq the substitution of truttee}or recad in the ottics of the repister of dNdt
<br /> of each county in whlch the truat property,or�ome p�rt tMreof,ia�ftu�ted.TM successor trusts�,without co�wyance of the property,shUl
<br /> eucceed to etl ths power,duttea,authority and tlUe otihe Truates named tn ths deed of truet�nd of�ny tuccettortruatae.
<br /> rPig.?ol 2i
<br /> ERNKERS 6Y6TEMS.INC.,ST.CLOUD,MN 6e�01 f 1-000.387•1��t I fORM OCP-MT�•NE 611 B91 -�
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