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<br /> �:_::�:�:: cov��NTa 97���QT��
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<br /> ...�. � . 1. Paym�nta. Borrowu �yre�s to m�ks all p�ymat]t1 o�ihs �eaund debt when du�. Unlsss Borrow�r � •n othwwl��, �ny
<br /> paymentu Lender receivas trom Borrower or for Borrowe►�benefit wIU be applled tl�st to tny �mounts Burrower ow�t on the�ecund d�bt �z
<br /> ^'� exciusive of Inten�t or princlp�l,acond to Irtt�r�tt,and thMto princlpN.�lf•p�r�IU,pr�payment of th�tecured dsbt oaeurs for a�y rsason,It will
<br />_ .... a .. n o t r s d u c s o r e x c u�s a n y s c h�d u i s d p�y m s n t u n�I l t h e l e c und d eh t M�r j+�•t q,(ull. [ .
<br /> ' 2,c�m.wo.tn.t nn�.Borrow�r will pry all u�i«,atc�stm�nt�,�1f�1`��lP�El�arti��atvbut�ble to the prop�rty when due�nd wlil d�f�nd tlttu �
<br /> .e' • t� to tM prop�rty aaUnst my clalms whlch would impsirths INn of thli dd�'Etttust.lend�r m�y roquiro Borrowsr to attlpn�ny rlpht�,claimt or
<br /> _, d�f�nta which 6arow�r m�y hw��palmt p�rtin wM supply I�bor or m�terl�ls to Improvs or mslntatn the praperty.
<br /> '{� 3.k��nc�. Burrow�r wlli k��p th�propsrty In�ured undN t�rms�cc�ptabt� to Lmd�r at Bo�row�r't sxpms��nd for l�nd�r's b�n�fit.AII �
<br /> � �• �• "' in�unnc�pallei���hall inelud�a�tandard mortpap�clWae N favor ot L�nd�r.Lend�r win ba n�m�d es los� p�y��w u the In�und on any tuah
<br /> Imuranc�policy.Any In:urance proceedt m�y be+pplNd, within Lnnder's diacretlon,to dther the restontion or repsir of tM dam�ped prop�rty _,
<br /> N� - ot to tho cocurad debt.lt Lnndar roqulrea martpnpe inaurnnce,Horrawer epreee to melntaln eueh ineurence for as long s�Lend�r reyulra�. �-
<br /> 4.hopwty.Borrow�r wlli ks�p tl»prop�rty in poad conditlon end mak��II np�irs n��ambty n�ce��ry.
<br /> ' -- 6.Eupms��.Borrow�r a�ro�s to pay dl Lsndo'�exp�n�e�Inciudlnp re��on�bls�ttorneya' tus,if Borrower brsaks any covenant�In this ds�d
<br /> - ---� cf trutt or in any obflp�tion tecursd by thla d�ed of tru�t. �orrower will pay thsse�mounts to Lender a�provided In Covsnlnt 9 of thl�de�d of
<br /> ' truit.
<br /> 0.rtior��u�1ty NtKnt�.Unbts Borrower first obtaln� Lender't written conssnt,Borrower will not make a permtt�ny chtnpet to�ny prior
<br /> " ti ` sscurity intx�s�.Sorrow�r will perform all of Bor�owsr't obllp�tiom under any prior mortpspe, daed of uust or oths���curity aynament, _
<br /> - Inoludinp 8orroww's cov�nsnts to mak�paymsnr wMn du�.
<br /> ..x+.' . '
<br />'-'�=;4,,;,' ; ?,Asflp�r�t of RMa snd Prollti.Borrower esalpns ro Lmder the rents and profit�of the property.Unlea Borrowsr and Lend�r h�w aqraed
<br /> - othuwi�� In�nnitMp, Borrowsr may collect and ntaln the rent�a� lonp as Borrower i�not in default.If Barower defaulu, Lsrtdsr,Lender's
<br />-r:.�. ` ■ ent,or a court�ppolnted recsivsr ma taks seulo�md mantpe the properry and coMect the rents.Any rants Lsnd�r colleat�shdl be
<br />_::;;;�::;� applkd first to th� co�ts of mmspinp t�� propi�ity,Ncludin court cosu md attanaq' fees, commissiom to rsntal a nts, end �ny other
<br />_�:n.r;?_ _ n�c�sury rol�ted�xpms�s.The rem�ininp amount of nna w�l thsn�pply to payments on tM eecured dsbt��provid�d in�owmm t.
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<br /> -r�rrmae. 8.L�uN�oldr Condomk�tums;Phrwwd Unk Dw�iopnMnts.Borrower aproe�to comMy with the provisions of my b�ts if thit de�d of uust It on
<br />—��'�� a Is�s�hald.Ir thl�dwd of irun is on a unit in �condomWum or a planr►�d unit d�vekpmmt, Borrower wIN puform all ot Borrow�r's dutNs
<br /> _���� und�r tM coven�nta.Dy-t�wi,or nguiations ot tM condomWum or planr»d unit Q�wtopm�nt. _
<br />_;;'1'RRill�i�f
<br /> =-���� i.Authority of Lt�de�to P�rtorm!or Bortow�r.If Borrowe ldls to�psr(orm any of 8orrowsr'�dutie� und�r tMs dMd of uutt, L�nd�r m�y
<br />�= pefam tM dutN�or cau�s thsm to bs p�tfam�d. L,ad�r m�y dpn eonower's n�me a p�y any amount if n�cea�ry for p�riorm�nc�. If any
<br />=;,;�S���E: � contt►uotion on thepr operty Is disconttnued or not cartbd on in�rea:oneble manner, Lender m�y do whatevK ia nece�sary to prot�ot Lsnder's
<br /> acurity fnterest In the property.Thie may Includa compistlnp the connruotton.
<br /> - .-s�,;,�,a�
<br /> ---_.,k���:� Lende's falluss ta pedorm will not pnctude L�nder han exxci�hp any af its othsr rlphtt und�r th�law or thb deH!of uust.
<br /> - -�'`�"'g' AnY�mounU pdd by Lender to proteat Lender'a�ecurRy Intenit wlll 6e s�curod by tN�deed of trwt. Such smourtc wi�be due on damand
<br /> r anel wiN bee�tntKest from tha date of ths payment untli p�M In full at tha interest rate in efiect on the�ecund debt.
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<br />-- 10. Gfwk r�d Aawbratloo. If Borrown f�Us to malcs my p�ymmt wF»n dw or brulu �ny covm�nu unda thte dNd of trua a any
<br /> -_=;=��a oblipatbn �ecw�d by this d�sd of uust or�ny prior monp�fle or de�d of trust, Lmder m�y accNsrat�th�matur(ty of tM s�cursd d�bt�nd
<br /> d�msnd imm�dtm paym�M and m�y invok�th�powv of uis �nd any othe rsm�di�s prmitt�d by�pplfaabN law.
<br /> __- - 11.q�qw�t iw Notk�of D�f�ult.it Is hersby requa�ted tlut copies of the notices of defadt and sale be sent to each por�on who Is a party
<br /> hsroto,�t ths addrss�of�ach woh psrson,at s�t fonh hKdn.
<br /> m 12.Pow�►of sYr. If th�L�nd�r imok�s tM pow�r of saN,sM Trust�s shUl ftrst recad in tM offlc�ot th�r�ylae ot aNOS of each courny
<br /> - - wh�rein tM trutt prop�rty or aom�p�rt a p�rcd tt�anof b�itwted�notic�of d�fwlt cont+ininp tM inio►m�Uon nquksd by law.Th�Truste�
<br /> -"- th�ll�Iso m�il coples of tM notice of d�fauR to the Borrower,to s�ch person who i:� p�rty h�reto, snd to otMr porsont atp►e:crib�d by
<br /> °""° -- �pplic�bte law. Not ba thm oM mor►th �fts►ths TmstN rvcords the notice of dsi�ult,or two months It th�truu propsrty lc not tn any
<br /> Incaporatb cfty or vlllape�nd Is us�d In tarminp oper�tiom cartied on by the trustor, fM Trusta�sh�N pivs pubiia noUcs ot t�le to ttn p�rsotw
<br /> �nd in th�m�ntrr pracribed by�apppitoable I�w.Trwtse,wlthout dsmand on Bwrower,slull sell ths p►opaty�t pudia auction to tM MptNSt
<br /> Wdd�r.lf requind by ths Farm Nomsate�d Prot�ction Act,TruK�e�hdl off�r the prop�ty in two sepw�te ulss�s requind by�ppi�abN I�w.
<br /> -- Truatw m�y poatpoM sab of all or�ny paral of tl�propxty by publlo announcemsn-t�f th�tim��nd plaa of�ny prsvioudy�cMdui�d��k.
<br /> _ _ L�nd�r or tu deiqne�may purchaw the property at�ny s�N.
<br /> Upon r�csipt o�f p�yment o}the pric�bfd,Truste�thd deliwr to the purchs�er Truttee'�ded convsyirq the property.Th�ncitMi�contain�d io
<br /> Tru�tN'�dMd�h�ll be prima faci�evidi�nce of ths Vuth of the tt�temenU contat�ed th�rein.T�utts�thall�pply tM proc«ds o}tM td�in Nt�
<br /> --�� foltowN�p ader:U) to all sxp�nas of th� aaN, Ineludlnp, but not Iimited to, rssson�bN Trust��'a hn, nuombl�tttotnnl� fe�s and
<br /> �-- refost�temmt feu; (b)to all sums aecured by thb de�d ot trust,and lo)the bNance,tf my,to th�psraons IepNiy entitNd to ncNv�k.
<br /> 13.Fa�ctowr�.At Lender's option,thla deed of truK may be forectoaed tn the rtunner provide by applicabb law for foradosun of mo►tp��s
<br /> on r�8 prop�rty.
<br /> 14.NNp�aYon.Undu may eMSr tM prop�rty ta In�peet 4 if Lender yives Borrower notice b�fashmd. TM notic�must n�ts ti►�nasonabb
<br /> wuw for Urxl�r's intp�otion.
<br /> — 16.CatW�tla�. Borrow�r a:si Qns to Lendsr ths poceed�of�ny award or claim for d�m�pss eonn�eteJ wfth�condemMtion a othar takinp
<br />-- — sicur�,a�pryis�miM.��operty.Such procs�dt will be appifed�c provided In Covenant 1.7his issfynmsnt b subJsct to tM terms of�ny prfor
<br /> '�" 16.Wrwr.Sy ezercltlnp any remsdy available to Lender,Le�der does not pive up sny riyhts to later uss my other remedy. By not sxercisinp
<br /> - �ny nm�dy upon Borrow�r's default,Undar do�t�at walw sny ripht to later contlds�ths ove�t�def�ult ff it hsppent�piaN.
<br /> ---- 17,,loint�nd �v�r�l LI�bWtvt Ca�ipnKS; Suec�aars�nd A�siy�u BaxW. All dutk� undsr thi� ds�d of tru�t xe jdnt and s�wral. Any
<br /> Borrowsr who co-sipns this desd of buat but doe�not co-alpn tM underiyf debt inatrurt»nt(�) doss o0 only to pr�nt and conwy that
<br /> - - Borrow�r'�intenst in the propertyr to tM Trusta�ur�Nr tM terms of this desd o�uust.In �ddition,wch a Borrower�as�tthat ths Lsndu and
<br /> - - _ �ny otMr Borrow�r under thts desd of uu�t may sxnrxf,modit�r or maks any otMr chmp t in the tarms ot this ds�d vf trust or ths s�cursd
<br /> � d�bt without thrt Borrower's conant�nd w(thout�eNtsinp th�t Borrower nom tM tsrm�of thia deed of uuit.
<br /> �°�� Tiw dutiss and MnefiU of this deed of uust�hall bind and beMBt the successoro md auipni of L�nda and 8orrowsr.
<br /> -�-�z:�.,�;?:--
<br />��;�=�:=�: • 1!.Notle�.UnUu othenvl�e required by lew,any nWlce to Borrower shell be given by delivuinp it or by mellinp it by certNbd meil�ddrou�d to -
<br /> - y�,x�� Borrow�r it th�prop�rty addnss or�ny ashsr idd�au thrt 6arowsr has yIven to Lendsr.Borrower wiil qhn any notice u L�ndK by cwtiH�d
<br />--` �•'���`� � m�il to L�nd��'��ddr�u on paq�1 of this d�sd of Vu�t,a tu my other addross which LerM�r hn d�iipnat�d. Any oth�r mtic�to Unde shall
<br /> -_ � ' br s�nt to Lmd�r's�ddrat as stat�d on pape 1 of thh d��d of trust.
<br /> � �:t."t.y
<br /> • Any notioe chaY 6e deemed to hsve been pfvnn to Barower o�Lender when piven In the manner�t�ted above.
<br /> ��" 19.Tnnshr of th�PropKty a�B�nMcW Int�nst h tM bortowx.If ell or eny part of the propertY or eny intere�t�n it la sold or tran�ferrod
<br /> -- without Lender'� prior written consent, Lender may denund Immedlste peyment of the tecured debt. Lender may alsa demand Immediat�
<br /> paynent it the Borrower Is not a neturol porson and a 6enef�tal Intereat in tho Borcower ia eold or tranefarred. However, Lender mey not
<br /> j dem�id poymeM tn ths above eituatiom if k is prohibfted bY federal law as of the dita of ihit de�d of trust.
<br /> T.
<br /> 20.a�conw�anc�.When the obllgation aecured by thia deed of trust has been peid,�nd Lender h�c no further oblipatlon to make adv�nce�
<br /> under the insmimentt or apreements eecured by thla deed of truat,the Trustee ehell,upan written requeet by the Lender,�econvsy tM trwt
<br /> � ,�:.�'"�� property.The Undsr shall deliver to the 8orrower, a to Borrower'a succeaaor In intareat,the trust deed and the note or other evidence of the
<br />: ;•
<br /> oblipition so stUtfied.Borrower�hall pay eny reeo�detion coste.
<br /> ....
<br /> _��_•} _ 21. Succeaor Trum�. Lender, et Lendar's option meY remove Trustee and appoMt a auccescor truates by first, mHlinp e.copy.ot the
<br /> - .rt substitution of trustee as requtrotl Gy appifeame uw,�na tnen,Dy tnlny tne aubstnut�on ot watae tor rocora n me oince oi ine rop�aier or deed�
<br /> � ot eech county In which the Vuai property,cr aane part the�eof, ie aftuated.The�uccessor truetee,without conveyance of the property,shall
<br /> succeed to ell tM power,dutlee,euthorlty end tRle af the Truatee nemed In the deed of trun end of any successor truatee.
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<br /> fvay�2 of 21
<br /> -- BAHRFJ�S SYSTEMB.WC..BT.C10U0,MN 66701 It-!00•391�t9411FORMOCPJAt6-NE E/19/91
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