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<br /> • COVENANTf ��,�. �0���
<br /> a �� otMrwls�, �nY
<br /> �, p�ym�nq, Borroww sp►N� to m�k� �N piyrtNnt� on th� ��cund d�bt wh�n dw. UnN�s ow�r � L --
<br /> peym�nt� Lmd�r ncdv��lrom BorrowN or for Barrow�r'�b�Mttt wlll M�P� fkat to any amounta Borrow�r ow�� on th�Nax�d d�bt
<br /> �xclwivs of Int�nst�►p�lnalp�l.uaond to Int�nst.�d then to princlpd. It p� 1�I P�ep�ymsnt of the secured debt occu►s for eny rsaton,it will
<br /> rat nduc�or�xcW+�ny�ch��ulW WY�'i�nt unl�l ttw s�cund debt Is pald In 1ull.
<br /> �.��A�� n�it•By clwMn�whi�►w�o��u d Impak tM Ilin�ot thly died of truit�lindirum�y requihi Borrower to aitapn Iny rlphti�cla�mitor
<br /> to tM prop�rtY a� � w���pply labor or m�terid�to improv�or msintaln the propertV.
<br /> d�f�nNS which p may haw a/Nnat PMtI�
<br /> �, Inwr�ne�. Bonowe will kNp tM p+opetll Intund urxfar t�rma�cc�pt�bl�to Land�r�t Borrower'��xpona+�nd for Undu'� b�n�fit. All
<br /> Imunnc�PcKc�n�MN�nck�d��K�^dud mortp��pcl�u��In i�va of L�ndN.Und�r wfll b� mm�d��low p�ya or��tM Insund on any�uch
<br /> a�o�y��id dibt�If Li�riquk„�mo�rt9�inc1u�anco�Qorrawar epreea to�m�InteVn euch inwnnce for si lonp ii Le��ider�rsq�!ropnty c
<br /> 4.�epMty Borrovwr wfll kap th�prop�rty in pood eondition and mek��II r�p�k�r���ombly n�c�uary.
<br /> d,E�N,8orrow�r�pn�t to PaY������d�r's�x n��a includiny I��son�bl��ttan�ys'fai, if Borrowsr bnaks my cownant�in thia d��d
<br /> of tnat o►In any oblipatlon�scured by this de�d oi ni�t.�ortow�r will piy the�e�mount�to Lsnder at provid�d In Lovenmt 9 of thls d�ad ot
<br /> trust.
<br /> �. �s�wtty MM�r�.UMa�Bo►�m allt+oftB�obrrowir i oblipatloni undir inY�prior moityqe di,d�of truitror�otMiiic�itytipriimint,
<br /> s�cuity IntM�a{�, gortownr wlll p�rf
<br /> ��c�,�inp Borrow�r'�cowrnnri to m�ks p�ymeM�wMn duo. Unlsas Borrowu and L�nd�r hw�iprs�d
<br /> ���of Il�nts�nd�o1kt•Bonow�r auipn�to Lend�r the rent��nd profitt of ths {xop�rtl►•
<br /> i�nLoi��court p�po�Med recdvK miNY6t�kidposaet ion�nd mm�p�th� a D��Yre��oll�at the rentsArny�renu Lsndsr coliati ahi� be
<br /> �pplNd first to the costs of m�napin0 the ProM►�Y� ��ciudin0 court costs and�ttorneya' fe��, commltsiom to rent�l ap�nta, �nd�ny other
<br /> n�cun►y rel�tM expsn��e•The rem�tniny amount of renri will then�pply to p�Yments on the�ecured debt ee provided in Coven�nt 1.
<br /> �� ����t���N�n�d�Mt p�yNoprtNna,Borrower aa�e�s to comply with the provisions of any teate if thi4 deed of uust is on
<br /> • le�t�hold.If this d��d of trust is on a unit in a condominium ot a pl�nned udt devslopmsnt, Bortowar wlll perform �II of Borrowsr's duties
<br /> undlr the eovernnts,by-tawa,or repulatloru ot the condomfnium or pl�nr+ad unit devebpmsnt.
<br /> S� ��y����m p�(am to►dortow�►.If gorrowsr idl�ta_p�rtorm ny ot Borrower'�dutht und�r this dNd of Vust. L�nd�r maY
<br /> ps�form tM dutNs a oaw�tMm M b�p+riorm�d.L�ndK m�y sipn eorrow�r'�na►n�ar pay�ny�rt►ount If n�c�s�ay ta paMamanc�.If any
<br /> - connructbn on tM property is dT�s�ay!�aluds complotin4 tln co�n{truotlonm�n�er,Lsnde►may do wh�t�ver I�rnc�u�rY to prot�at L�ndar's
<br /> aecurity int�n�t In tM proP�rtY.
<br /> Lsnd�t's f�ilure to p�rform will not pr�alud�L�ndw from�x�rcitinp�ny ot hs otfr►riphu und�r tM i�w or thi�d��d of trutt.
<br /> ��d w11N I�beir�in s�iit trom tMtd�ts�of ths piyment untili pi dtln tutll it�th�int,rati,ti iniffeo n the siar�debs unts wW be due on d�m�nd —
<br /> ��,pi� �nd A�eNw�don.It Borrower falis to m�k�any paym�nt wh�n due or bnalu any cowo�nts und�r this de�d of trust or any
<br /> ds�m�nd Immidi�piym�ntir�id m,y invok�tM p�ow�r of salwiind iny ottir��dMidp«irmttt dcby��Palcab�N li,w�of tlw uew�d d�bt and
<br /> har�t�h�,ddr�ii�o����hIP°«O^�As iit fonh hifi,n,copNs of the nWicet ot d�fault and�ale be ssnt to each p�rson who I��P�Y
<br /> 7 Z.row«or ar..If tM L`ndo�P�o�pK�W�°��i sltuit�d�notici of def wi�caont�f ths informatbn3 puN�d by I�w Th�T�ittai
<br /> wMnin tM uust prop�rtY nto,�nd to otMr p�ran��s �saW�d bY
<br /> sh�M dso m�il copl�a of th�ratic�of d�fault to�M Bwrow�r,to aah p�raon who is a NnY not in �ny
<br /> •p�ic�bN i�w. Not I�ss than on� moMh aR�r ths Trust�s recwd�th�nottu of d�fwlt a two months if the trust prop�rtY
<br /> Inaa �t�d city or vill�y�and Is us�d In farmtny op�rations carti�d on by the trusta,th�'FruKN shsll piv�publ�o notic�of�N�to th�pMSOns
<br /> bW�►.j}r�q�r�d bY tM�FHm Hompiitiid�Pr�otiotlon A t,Tru�ttie ihall offirnth�e�pro�axtY In two�aip�rit Pi,Ni a�I�iq�uk�by t�PPW����
<br /> TnutN m�y postqons a�N of���a�^Y P�ral of tM prop�►ty hy publio�nnouncemsnt�f tM time and plac�of�ny pnvbusly scMduNd•
<br /> Len�or its d�slynN may pwchaa tM prop�rtY at any��IR. TM nckials con�kNd In
<br /> Upon r�alpt of p�ym�nt ot the prics bid,Trustss sh�ll ddiv�r to tM purch�sw Trutt�e's dNd eonv�y►rg tM prop�rtY•
<br /> TrwtN'a disd sh�A be pr�ma faci��vld(�nc�ot th�uuth of ttw st�t�menri eonnin�d th�r�in,Trustse�hdl�pply►th�prot�d�of tM In tM
<br /> ri�ati M tee;,Ib)to ill sumi aicund by thii dieduof��ust�and ic1'thit Wlinci If�ny t o thi p�rs ni I�ipilly intklid to riciivi it.fws �nd
<br /> 73,���.At Lender's option,this dsed ot trust m�y be forectosed In tM m�nner provide by eppliaabl�I�w fa fonctostus of mortp�p�s
<br /> on n�l prop�rtY.
<br /> �,{, Undsr may�ntsr tM p►op�rty to Inapsat it If Lender yiv�s Borrow�r notic�befonh�nd. TM notice mun aat�tM naarnbl�
<br /> c�u�s w Lendsr'�inspeatbn.
<br /> 16.C��nW�•�ower asslQuch proce�idi wili be PP I diiyprovirdsd tn Co�fne t 1.Thliiislynmsnt liiubNa�to h�tirmi f nY�W�
<br /> of�II or iny psrt of th�proMrt1►.5
<br /> s�axity�On�m�nt.
<br /> �e,W�,By�z�rci�inp any nmsdY availabt�to Lender,Londer dosa not qlv� up any�i0hts to I�t�r us�any othe nmldy.BY not�xwci�k�p
<br /> any rem�dy upon Bo►rowu'�dsfault,Lender doos not waive any r!pht to I�tnr wndder the�vsM�default if k h�pp�ns�pdn.
<br /> �� �� a�� �_�,,,.,„ �,���� guc���on w�d Ast{pns Eottnd.AII dutNs undar thts dwd of vutt�r�Joint and s�wrai. Any
<br /> .��.. �r�nq
<br /> 8 r�owir'i i tirist In thi hpropwt�y to tl e Truste snd�►he tK�nt ot hIi dad of uuitt In,ddfUont aueh i Bo�ro�wii prMi tha U�i oLin�dir and
<br /> anY other Bor►ow�r und�r thls dNd of trust m�y extend,modlfv w m�ks �ny oth�r ch�n�s tn th�t�rms of this dssd of Vust or tM��cund
<br /> d�bt wlthout th�t Borrow�r's conant and without relsasfnp thet Eonow�r l�om the tsrm�of this dNd of trua.
<br /> -- TM dutNs and beneftts of thls deed of Vust sh�ll bind and beneflt the succea�ors�nd��slyn�of Lender�nd Borcowar.
<br /> 1{.No1k�.Unlns otherwlQ�raqutred byy law,any notles to Borrower shdl b�plven by dellverinp it or by malllnp(t by c�rtlfied ma0�ddnss�d to
<br /> —= miI{to Uand�r i a�reii on dpwi 1 of thli deed o�truitthortto�iny otMr iddri{s twhlchdLindesr hai dnlpnitid Any oNtt+�ir nodcf�to Lin�ah�iN
<br /> —" M tsrrt to Lmde a addna at st�ted on p�ps 1 of thls d��d ot tru�t.
<br /> —� My notfc��h�ll be desm�d to have been ptven to Borrower or Lender when pNen In ths mmnsr�tsted above.
<br /> . 1/.Tr�fM of th�/topwtY or�B�fldd k�tK�K M 1M Lar°wK. If dl or�ny psrt of tM propsrty or���y Int�nst In k Is sold or tnnsfsrnd
<br />;� wltlwut Lend�r's prb►written consent, L�nd�r may d�mand imm�dl�ts piyment of the�ecured d�bt. Lender msy dso demand Imm�dhte
<br /> - demend payment In the ab�ove sltuetlonsr If ipee prohlbted by fed rsl law as of the date of tWa deed�ot trrust n�ferred. However, Lendsr may not
<br /> ��
<br /> '� �nde/thej�lyuu�mintshp(neahesme�nts�secured�by thfehdeed�of truat,�the Tru�itee aha�li,u�pdon wrlttsn requast byethebLender reconvey ths ttwt
<br /> i property.The Lender ahall tlelivsr to the Bonower,or to Borrower's 6ucceasor in Interest,the Vust desd�nd the nate a other evtdenc� of the
<br /> oGl�atton so s�tltfled.Borrower shell pay eny recordatlon cotcs.
<br /> -`-�=_ �._...r �..,.�.. ,�r �ander•a ontlon, mav remove Ttustee md appotnt� suceeaeor truatee by tirst,malllnp a copy of the
<br /> ai. OVVY��Ib� ��..�1��l.� stt...nf*!u r�nlat�r nf d��df
<br /> �' �ubstltutioo of Vustee ei roqutred by appltcable Isw,and then,by m�nQ tlle eWStROtion oi avGie3:.:o..............=...--_. _._._._.
<br /> ��
<br /> ivacssd to sll�ths power tdutlea�authot�y end tltle oft he Truatee nimed in tha deid of tiuK i�gof any tucc�cor�trustt�,of tha propxty,shal!
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<br /> ' IIWKERS6YBTEMS.INC..ST.CIOUD.MN 661d1 lt•OOW897•79�11 FORM OC�•MT6NE 0(19/81
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