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<br /> COYENANTS 97� ����.�'"����w
<br /> 1. ��yn�nt�. Borrow�r �fln�� to owir or fai eorrow�r i bernfit wldll bibip Ili�d 1ldrit to^inyimou�ti Boa^ow�owss on tM sacursd debt
<br /> p�yment� Lmdu nc�w�s trom Borr =___
<br /> �xcluNw of Intv��t a p��nclpal,s�oond to Int�r��t, �nd thm to prinaip�l.If pa I�I prspsyment of the�ecured debt occurs for any reuon,It wlll _
<br /> not nduc�or�xcus�inY sclMdvl�Alu�Y1���t untll.th���cund d�bt i�pNd In tull.
<br /> 2 q�A�t�,�pn1'�jl'm �i rh i.���.'MSium�ntb�nd othn ch�rps�attrlbutabN to th�prop�rty whsn due�nd will datsnd titls
<br /> to tM prop�rty�q�1 n�i el�im��hi�h ivwAd�n+p�k ta�Il�n o}thl�d��d of trwt.Und�r may requlro Borrower to a��ipn any ripht�,olaim�ar
<br /> d�t�m��whlah Hor�ows Iy h�w.YO�ln�t p�n�����uppty 1�6or or m�t�riai�to tmprow w mdntdn tfi�prop�rty.
<br /> 3.���.Borrow�r wfll k��p tM WoPMV in�w�d u�� i�nr�: :uc:pt.�i:ta L„-rtdar e2 flotro�:er'�ex�xnee enrl ta►L�nGr's b�n�fit.All –_
<br /> in�ursnc�pollal��shUl InolucN��tandnd mortp�p�pcl�us�In favo►of L�ndar.Lender wtll M n�msd n loes p�yoe or u tho insund on any suoh
<br /> �t�o�tj i a�CUr�jd dibG�lf 4i���quk�Dmortpipi Iriwrincilth�rowirrrpre�si ta�mifnulnttuch Iniuranci for is tonp ii Liodnr�iqukec���� `
<br /> 4,rropwty,gorrow�t wltl kap th�prop�rty In pood condldon and mak�tll npslrs naiombly neos�wry.
<br /> 6 Exp�N.8orrowK aprw�to p�y dl L�rsd��'��xqns�t Inoludlnp n��onabla attorney�'fe��, it Borrowar breoks iny covennts In thb dsed
<br /> o�uust a In any obllp�tlon�scund by thl�desd of trust.�orrower wlll pey these amount�tp Lender at ptovlded In Covemnt 8 of thla daed of
<br /> uu.t.
<br /> e.�s���t�n�q•Unln�Borrow�r tlrat obt�lns L�nder's wrltten cons�nt, Borrow�r wlll not m�ks or permtt any charqss to a�y prlor
<br /> Incl�udlr�ip�Borrow�r'a c v�mnul�t mak paym nU�wh��dun 611pitlons �nder any prlor mortyape,deed of trust or other sacurlty ayresment,
<br /> 7.A�N oi R��wtd Pro1iu.Bor��irxl�ito�le tM n titis bnp ii Barofwir Istt otPln�wt h�If�Bor�wK d�f�ult�,li�nd�ryL��
<br /> o �M wrkkq,Barrovw�m�y�
<br /> p�M,pr a coutt appofnt�d ncdv�r may t�k� posa�slon�nd m�n�p�tM propeny�nd aotNet tM nnts.Any renU L�nd��eoll�cu shall b�
<br /> �pp1l�d flnt to the costs of man�plrq tM propaty.Inoludlno court cost�and�ttorneys'fee�, commlalons to rsntal � �nt�,�nd any other
<br /> MC�NN�/f�I�L��Xp�AS��•T�nma�nlnp�mount ot nntt wfll th�n�ppty to p�ymenU on the sacund debt aa provid�d in�ovemnt 1.
<br /> �.����,���pla��d V�it p�wlppnMnb.Borrower�prses to comply wlth the provl�lont of�ny ka�e If thls daed of uust It on
<br /> u�ndir th�itcown�int�by liwi uw nput�tloni ot th�i c�ondom�Inium or plinn�d u�ilMdevalopmant nt, Borrower wlll perform all of Bonow�r's dutlss
<br /> Y.Autl�oAty of I�NM►to PMforrn fo►�on°wK. �f Borrowar idts to�orm any of Borrow�r's dutl�a u�d�r thls d��d of uuK. L�nd�r m�y
<br /> p�rform the dutles or caut�thsm to b�prrformtd.l�nder may slpn nower's name or pay any�mount If necess�ry ia performmce.It any
<br /> eanstruatlon on ths prop�rty fs dTh�`n�aY,�lud�i aomplstlnp tii�con�ri�.�ctlonmenner,Lender mey do whstevar It neceiury ta prot�at L�ndeY�
<br /> sacurhy intK�st In tf�propety.
<br /> Urtd�r'a fallure to pertorm wltl not pra¢tud�Und�r irom sxerclilny any ot Its other rlphts und�r the I�w or thl�deed of trun.
<br /> :ny Wm��u�p�r��t from�the dats�oi tM piyment untll p,d In fult et�ths�lntersatrate tn�effect on ths,ecured dibt unu wlll b�due an dsmrnd
<br /> nd
<br /> �p� Wlwk�nd/�ee�l�ndon. If 8orrow�r tatl�to m�ke�ny paym�nt when dua a broak�any covsnants under thii deed of uust or any
<br /> d�iman�d(mmidli i P�Y�����m,y Invoki tM powunof sile,nd iny othirrim�dl��pirmitt�d byipplloib eI liwu�ity of the�acund d�bt and
<br /> ��R���y,�Q�����h�nirion��aiyait tNOrth Mreln,cople�of the notices of defeult snd�als bs�snt to eaah psrson who Is a p�rty
<br /> ��,�owK ot d�N.If tM Lendx Invok�s th� poww of nN, tM Trusta�shall flrst ncord in th� ottic�of ths npf�ta of deed�of��ch couMy
<br /> whe►�In th�trwt prop�riY or�om�Pwt or p�ral ttwrsof Is sltuat�d a noUc�af default contalninp tt►��In,o�to othir�p�rioni ii p�riiorl6id by
<br /> •hall at�o mall copN�of the notice of dN�ult to tM Borrower,ta each per�on who Is�party her �not fn �ny
<br /> appllc�ble I�w.Not Nu than one month�fter th�Trunee ncord�the notice of d�fault or two months tf tt►� uust propKty 1
<br /> InCOrpaated clty or vlllaq��nd yIs us�d In ferminp oarstbns oerrted on by ths Vustor,the frwts��hall plve publla nottce of a�to ths p�rson�
<br /> b�Wdir.tlht�rpuk�id�by thi�FumbHomiiteid�Wotictan Act Truites ihall o�ifsr thi��p�r'tyshnl�I'p fat,Piil iii nqukiudb�appllaaW�liwt
<br /> TrustM m�y post�saN of�11 a�ny p�rc�l of tM property by publto�nnounc�m�nt it th�t1rrN�nd plaC�of�ny p►wbutly sch�dul�d s�l�.
<br /> L�ndK or fu d�dyrns may purchass rt»props►ty�t mY nf�•
<br /> Upon nc�Ipt of p�vment of ths prfc�bld,Truat�s sholl ddlver to ths purcha�or Trustee's dsed convsylnp the prop�rty.TM recklal�eonUkhd In
<br /> Trurt���dsed thNl b�prlm�taal�evldlence of the vuth of the statemente contalned therstn.Trunss shell�pply tM proc��of tM s�N In tNs
<br /> iln�tatsmsnt fs�s��lb)to�all sumi sic uf ed by thli�dwduot�trun�and(01 the b lince�If a�ny t o tha p�rions lepatly sndtlid to�ialw�t.f~� ��
<br /> 1�,FoncloNx�.At Lsnd�r'�optlon,thl�dead of trutt miy be forecl�aed In the m�nner provlds by applfcabls I�w for fanclaiur�of mortp�i
<br /> on nal prop�rty.
<br /> �4,�ptlon L�ndsr m�y�ntar tM ptoperty to Impeat tt Ii L�nder ptves Borrower notic�beToreh�nd.Th� notic�mu�t stm tM n�sonaW�
<br /> c�ua for Lendir's Inspectbn.
<br /> �6,Cond�tlon.Borcowsr�ttl Qn�to Lender th�proceeds of any awerd or clefm for d�map�s connsotad with�cond�mnatbn a otM►t�kinp
<br /> of ell or�ny pet of ths pro�rty.5uch p►oceeds wlll be�pplted as provlded In Covenent 1.Thls�ulpnment is fubJect to the tKmt of�ny prbr
<br /> tecurlty ayre�msnt.
<br /> 10.ylfdwr. By sxNClstny any nm�d�r�v+Il�bl�to lender,Lender doss not plve u��ny rlpht�to I�t�r uts�ny other nrtNdy.By not sxaal�lnp
<br /> �ny nmedy upoo Borrow�r's d�i�uk,L�ndor das mt wdvs�ny riyM to Iatsr con�dsr th�event a d�fauk If It hepp�nR apain.
<br /> ��. ��a�� �p�y�o.qpe��; guccN�on�nd Asslpn� lound.All duttei under tMs d��d of uust�n Jolnt md awral. Any
<br /> 8orrow�r who ca•�{prn thfs d of tru�t but das not co•dpn the undorlvin� dsbt Insuumentls) doe� �o only to prant tnd conv�y that
<br /> Borrowsr's intx�st In th�prop�rtY to the T►ust��undsr ths terms of thle de�d of trust.In addltlon,�uch a Borro•�nrer apn�s th�t tFN L�nder�nd
<br /> debt w�hout tMt Borrow�i co iiM�nd wkhoui alea�i ny thit Borrowi�from ths term�of thls d ed of Mut thls dssd of tnnt a the�acured
<br /> TM dutl���nd b�rnflu of thls deed of trutt shdl bind and benef(t the�uccsssws and aufprn of Lender and Borrowet.
<br /> 1�.Nade�.Unlsss oth�►wla�required by Irw.�ny notice to Borrower ahell be ylven by dellvarin�It or by mallfnp It by certlfi�d mall addrsu�d to
<br /> 8orrower�t th�pro �ddnu or anY otMr address th�t 8arrower har plven to Lender.Borrowsr wlll plve any notic�to UndN by c�rtlfl�d
<br /> bi�iint to Lendir'��ddnii ai�st c�d on�D Q� a+1h��td��d of hu{t�r�ddnss whlch LsntNr hu dssipmtsd.Any oth�r noUc�to L�nd�r shall
<br /> Any notics shell be deam�d to heve bean piven to Borrower or Lender when plven In the manner snted ebove.
<br /> 19.Tnmi�r of tM rropNtY or�0�1kIy�^tK�n�n th�Barow�r.It ell or eny p�►t of the propertv or any Intereit In It Is�old or tran�ferred
<br /> P Y�MLIf�tMlBo�o�wer Ii no a�nitui�l perion inddi beneflofil�rdi�teiesL�In thetBorrower Isuiolddobtraiferced, Howava�Lindsrmmiy not
<br />— d�mind p�yment In tM abov�situstlons If It ti proNbited by federel law as of the d�te of thls daad of trust.
<br />— 20.R�eonv�y�ne�•Wh�n the obllp�tion secured by thla daed of trust has besn pdd �nd Lender has no further obllpatlon to mak�advances
<br />-- under the In�uuments or•greemente secured by thls deed of truet, the Trustes ahslf upon wrltten roquest bY the Lender,roconvey tM trust
<br /> obl(pitr ton soiitisf ed�Bo�rrowe�rihall�psy anY ecadstlonB oett er's suCCetsor In Intsnst,the tru�t deed and ths nots or otMr avldsna of tM
<br />—_ �L�.ILM w��Www � n���u
<br />� Z7. 6uac�aa T�stN. Londer, at �enaers o�� ma fOff10V0 IIVilQO ��N • �lVll�l O OY4N�OVi u�+� 7 rn�y���w�7 ��r� �• �+
<br /> �� aubnitutlon ot tru�tee ea requlred by appllcable sw,end tXen,by tlllnp the wbatitu�lon of trustee for record In ths offlce of th�repl�ter of desd�
<br /> Q i of each county in whlch the trust property, or soms pirt thereot.It sltuated.7he�uocessor tru�tee,without convsyana of ths propertyr,�hall
<br /> �uccood to all the pawar,dutles,eutho►Ity and tltle of tye T►uatee named(n the deed of Vust nnd ot any succeasor truatee.
<br /> (Pey�10l?1
<br /> pANKERS BVBTEMS.IHC..ST.CLOUD.MN 6l�Ot It•!00•997•11t11 F011M OCP�MIT(4NE 61tY/81
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