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<br /> . COVENANT6 �"r��O�/
<br /> 1. �ryn�t�. Burrower�qnn to m�k� all p�ym�nt� on the��eursd debt whsn dua. Unlsss Borrower snd Le e i��ee otherwta�,�ny
<br /> p�ym�ntn L�nd�r nc�ivn from Borrow�r o► for Borrower'� b�Mfit wfll bs�pp�led fint to any emounts Borrower owe�on the eecured dobt
<br /> •xciu�lv�p4 I�qre�t,qf prl�olpd,aFOnd to Intua�t, and tMn ta princlpnl.If partlN prsp�yment of the�ecurad debt occurs fo►eny n�1on,It wlll
<br /> S►ot r�duc�or�xcu���y�ChtduNd P1�Ym�nt untll t1r�ucun6 d�bt Ir p�id In full.
<br /> �,C{�n�ApMMt TI6�:9orto�r�wi�pay all taxa, ����atmont�, and otMr cherp�a ettributabls to th�p�op�rty when dw�nd wiil d�f�nd titl�
<br /> to thKprop�rtY+W�kut my clNmt wMich would impalr the INn of thit de�d of tru�t.L�nd�r m�y nquke BorrowK to�ssian�ny rfpht�,olakna or
<br /> d�ims�s which BorrowK m�y hawlpalmt p�rtlu who supply Ubor or m�terlat�to improve or malntdn the proptrty.
<br /> 3.Inwane�. Barow�r wlll k��p tM prop�rty Iruund und�r t�rms aec�ptabl�to Lmdn�t Borrowsr'� exp�nu �nd for L�ndu'� b�nafit. All
<br /> In�uranw potlGl�s�h�ll Includ���tandar�mortp�cl�us�In i�vor o1 L�rxNr.Lend�r wlll b�namsd as los�p�yw or�o the In�ured on any�uch
<br /> Ineurance polloy. A�y lnourance proe�eds m�y b�applied,within Lendar'�diteretlon,to elther the reetoretlon or rsp�lr of ths d�map�d�xopsrty
<br />� or to th�recw�d d�bt.If L�nd�r nqulns mortpap�inturance, Bor►own apre�s to m�lntoin�uch Incuranca tor aa lonp ac Londor roqufro:. °
<br /> 4.hop�rty.Bwrow�r wNl ka�p the proparty In pood condition and maks all repain re�tonsbly n�ce�wry.
<br /> 6.Facp�uN.Borrower�presi to pay�II L�nder'�expmsu f�cluAinp reatonabla sttorneys'fss�,If Borrow�r br��k��ny cov�mnt�In this dw�d
<br /> of trust or in�ny o611p�tlon s�cured by thir deed of trust.�onower wtll p�y thsae amount�to Lsnder��providb i�Coven�nt 8 of thb dod o}
<br /> trutt.
<br /> 6,Pdor i��y Int�nib. U�leas 8orrower fint obtalns lender's written conaent, Borrowsr wtll not maka or p�rmit any chanpes to�ny pNor
<br /> sscurity Intereeta.Borrower will per(urm all af Borrower'�obligstions under sny prlor mortpape,dsed of truit or othe►security �prs�ms�t,
<br /> tncludiny Borrower'�coven�nt�to maks payment�when due.
<br /> y.As�{orw►�►t af R�nu�nd Pro1Ft�.Borrowsr as:ipnt to Under the rent�and profit�of th�property.Unleas Barowor and Lander hivs prs�d
<br /> otherwf�in writinfl, Borrower may coileat and retaln th�rsnu as lonq is Bortower is not In defauh. If Borrower defaults,Lander,Lende�'s
<br /> �p�M, a a court ep{wintsd rscefv�r may taka posse�aion�nd mamps th�propsrty and colleot the rent�. Any►ent� Lender collects slull be
<br /> applted first to ths cosu of msnaginp the property, Including court costs and attorneys' fees, commiadons to rental aps�tt, �nd eny othsr
<br /> necsssuy rel�tsd expen�es.The remelntng emount of renta will then apply to payments on the secured debt as provided in Covenant t.
<br /> 9.L��s�holds•Condortrnlumr,Pl�nrnd Unit D�vNopm�nti.Borrower aarees to cornply with the provi:lons of any leaae if this deed of trust Is on
<br /> •N�s�hold.I�thls d��d of uust is on a unit In a eondomlMum o��planned unit d�veMpmtnt, Borrnw�r wlil pertam aN of Bonow�►'s dutie�
<br /> uiid�r ttw cav�nantc,bylaws,or r�pulatlons ot the condomMium or planned unit devebpmnnt.
<br /> 8.Autheeity of l«�to Pwlorm ta Swrow�r.If Borrow�r fdls to�ps�form any of Borrower's dutiss unds�this dead of trust, L�nde may
<br /> p�Aorm tM duties w c�use thsm to b�psrform�d. L�ndw m�y sipn eanower'�nsms or pay�ny amount If n�asi�ry fa pafamancs.If any
<br /> construction on theproperty U discontinued or not carrled on in e�snone6k mmner,Lender mey do whatsver b necess�ry to p►otsct Lend�r't
<br /> aecurity interest In the prooarty.This may inciuds completinp the conetructton.
<br /> Lender's tallure�o pe►form wiil not preclud�Lender from ezeroitirp�ny of its oths►riphts under ths law or this d�ed of tru�t.
<br /> Any amounts patd by Lendar to proteot Lender's security Intemt will bs sscursd by thla deed of trust. Such rnounts will be du�on d�mand
<br /> and wiil bear interest trom ths d�ts of the paymsnt until pUd In tull et tha IMerest ret�tn sfteot on ths seeursd d�bt.
<br /> 10. DN�ult�nd Acadeation. If Borrowur(�fls to m�ke�ny psym�nt when due or bre�ks any covenmts under thi�desd of tru�t a eny
<br /> oblip�tfon�ecwed by this d�sd ot trust or any prtor mortpa�e or deed of trust, Lender m�y accelente ths mnurity af the ascured debt and
<br /> dem�nd Immediat�paymant and may invok�th�powe�ot ule md any other remedies psrmittid by�pplic�bls I�w.
<br /> 11.R�qwst fa Notic�of Ght�it.It i�hereby nqusitsd that copie�of the noticea of dsfauR and�alo be sent to e�ch person who is a party
<br /> hereto,at the address ot each euch person,as s�t forth herein.
<br /> 1l.Vow�r of SaN.If th�Le�der invokes the power of sY�, �he Trunse sh�ll firat ncord in tM oHics of the rpister of dssd�ot�ach cou�ty
<br /> whsnin the trust propKty w soms p�n or p�rcei thereof It sitwted�notics of dsfauit containt�p tM infumstkn�puirad by I�w.TI» TruatN
<br /> sh�N d:o mdl copies of tha notics of dsfault to ths Borrower,to ach parson who is a party hereto, �nd to other panons�s pn�criMd by
<br /> applicabls Iaw. Not le��thm one manth aR�r ths Trustw record�the notice of dsfault a two months if the aust property Is rat In any
<br /> Incorpontad city or vi111ps and is uesd In tenninp operatiant ceried on by th�trustor,th�'Frust��shall pivs pubNc notice of s�l�to tM pusorn
<br /> and In the manner pntc►ibed 6y�appp0oabls mw.Truttee,witFaut d�m�nd on Borrow�r,shdl sdl tln props►tY�t pubUc�uctbn to tM hqh��t
<br /> bidds�.If rsquired by tM F�rm Homs�tead Protection Aot,Trunss�hali oN�r the propsnY in two s�parat��aU�es requk�d by applleabN I�w.
<br /> Trust��m�y postpone sels of�II or eny parcel af the proatty by public announcsmmt�t tM tims�nd pl�ce of any prevbusly scMdulad�ale.
<br /> L�nd�r a Its desipns�m�y{xxch��e tM properry at any uls.
<br /> Upon ncdpt ot payment of th�prics bid,Tru�tao shaH d�liver to the purchner Tru�tes'�Mad canv�yinp ths property.Ttw rsclti�is cont�k»d In
<br /> 7ru�ts�'s tleed sh�ll b�prima f�cie svidi�ne�ot ths truth of the ttatements containad thersin.Trustts shall apph/the proe�pd:of th��at�Y►tM
<br /> folbwirp ord�r: (a) to all �xpsnrss oi the aele, IncludYp, but not Iimited to, rsatontble Truttse'� tea�, nasonabN attornsy'�f�n �nd
<br /> rNnstat�m�nt te�r,(b)to sll tum�securad by thl�daed of uust,snd Ic)the balsnce,if sny,to th�persons IapaMy nntttled to reesivs it.
<br /> 73.Fondown.At Lender'�optlon,this deed ot trutt miy bs foreclosed in ths manner prov(de by�ppiicih�s Uw for fonclosun of monp�pns
<br /> on rod property.
<br /> 14.Imp�aUon. lender msy enter the property to inipset It if lender givss Borrow�r notics 6eforah�nd.Ths notie�mutt 4tat�the n�ton�bN
<br /> c�un tor L�ndN's Inrpeatlon.
<br /> 16.Co�d�rt�n�don.Borrower�ssipns to L�nder the roce�ds of any�ward or cialm for damep ss connsated with a condsmnatkn ar other t�kinp
<br /> oi�II or�ny part of the property.Such p►oceede wiP be epplied es provided in Covenant 1.This a�sipnment is�ub]ect to the terms ot eny p�la
<br /> security�prs�ment.
<br /> 1E.Walwr.By exercidny any rnmedy availabie to Lender,Lender doee not pive up eny riphts to tater uae eny other remedy.By not�xerelsfrp
<br /> any remsdy upon Borrawer'e defeult,Lender doee not walve any right to later concider ths event s d�ipult if it tupp�ns�y�in.
<br /> 17. Jdnt�d SwKal LI�� Casi�rst Succ�uae w�cl Assiyn� Boued. All dutiei under thi� daed of trust�r�Joint md s�wnl,Any
<br /> Borrowsr who co•Npm thl� o�d of truat but doea not co•atp� the undertyInp debt Instrumentls) do�� so only to pr�nt�nd conv�Y th�t
<br /> Borrow�r's(nterett tn the property to th�Tru�tse u�der the terma of this deeC of tru�t.In addition,tuch�Borrower ayre�t thit ths Ler�dx end
<br /> any other Barrower under this deed of tru�t may ext�nd,modi�r or m�ke any other chanpes tn ths term�ot thls d�ed of truet or ths aecund
<br /> debt without that Borrowsr's consent end without rekesinp thet Borrower from the terms of thi�deed of trust.
<br /> TM dutks and b�nefit�oi this deed of trust ahsll bind and benefk the succeasors and assi9ns of Lende�and Borrow�r.
<br /> 1t.Notic�.Unies�otherwise required by Isw,eny notice ta Borrower ahall bs pivsn by deliverinp it or by metlinp It by csrtified maii addretted to
<br /> Borrowar at the property addreas or�ny other eddreu thu Borrow�r h�s pIven to Lender.Borrower will plve my notics to Under by cxttfl�d
<br /> mtll to L�nder's adtlr�u on paps 1 of this deed of trust,a to eny other eddresf which Lender haa desipn�ted.Any other notice to Lendx shall
<br /> be asnt to Lender'a address�4 st�ted on pepe 1 of thi�daed of tru�t.
<br /> Any not�ce�hall bt deemsd to have bean pivsn to Borrower or lender whon piven In the manner st�ted above.
<br /> 18.Tnn�t�r ot tM PropKty w�8�11ct�1 hK�nst fn tM Bortow�r.If ell or any p�rt of ths propertv or�ny tMerea in it fa cold or trarnferrad
<br /> without Lendsr'� prior w�ittsn conunt, Lendsr may dem�nd Immediate tyment of tM secured dsbt. Lend�r m�y dto demand ImmMiate
<br /> demandtp�symeneinrthe sbiovs situationsr If ti Is��ohiMted by fedeial lew ee�Of the deBe ot thls deedlot tru6i�nstured.Howsver,Lender m�y not
<br /> ZO.R�eonwy�na.When the oblipatfon sacwed by this doed of trust has been pald and Lender has no funMr obligetlon to meke edvancea
<br /> under ths instruments a epreemsnta securad by thi�daed of trust,the Truatee shelf, upon written requo�t by the Lsnder, reconvey the truet
<br /> property.The Lender thall delfver to the Borrower, or to Bor�owe►'s auccestor In interest,the trutt deed and tM �ote or other evidence of the
<br /> obligetion so sstisfied.Borrower ehall pay eny recordatlon cost�.
<br /> �� a.R.,..w Twat�. 1 arvf�r. at Lwrulor'a nettan. mav r�mov�Tr�ar�� and amoint a euccassor truates bv }kat. malllnn e conv of th�
<br />- substitution of t►uatee cs requtred by eppllcabie lew,end ihen,by fiifn�the iubatitull'on ot trustee tor record in thd otiice of the 7egistei of deed�
<br />'° ot each cou�ty in which the truat property,or eome pan thereof, le situated.The tucce�sor trustee,without conveynnce of the property,ahall
<br />- succeed to all the power, duties,autharity end title of the Truetee named in the deed of trust and ot any eucceaeor trustee.
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<br /> Ip�y.?0/71
<br /> = EANKERS SY6TEMS.INC..ST.C1.0U0,MN 66901 Il�EOOJ87•23411 FOAM OCP�MiCi-NE B/18i81
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