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<br />_ � i t� � COVENANTd 9"l.�l Q C�'L���
<br /> " "_� . t, ��y n��b. BorrowN �9 n�s to m�k� NI p�ym�nta on ths ��our�d d�bt when due. UNes� 8orrower and Lender ea otherwlss, my —
<br /> � �+,� paym�nts L�ndsr rscllv��from Borrower or for 8or�ow e r'� b e n e f i t w i i l tr� e pp I l e d f i n t t o e n y a m a u n t� B o r r o w er owee on the �ecund d�bt 4,
<br /> not riduc�or�excup e��ny'sCMdul d p�ym�nt untll thi�iicurid dibt la�pald In f u lal prep�ymrnt ot ths ucund debt occurn tor any mron, it wlll [-
<br /> 1 l � 2,CIMms ApMn1t Tftl�.Eortovwr wIN•p���NFeaNt� s�m�nts,and othar charpas�ttributabls to the property w hen d ue a n d w l l i d e f e n d t i t i e �;-
<br /> , ' � to the propertv�p�l N�►y oNdrl�wfikH Wd1�W�nM1�k����sn of this dend ot tru�t.Lender m�y rsqulre Borrower to asslpn any riphts,clalm�or =
<br /> t d�t�ns�s whlch 8or�ws►�frny h�v�1�pM.�(t i�MM.f,w� upply labor or m�teri�l�to Improva o►melnt�ln tha proparty.
<br /> -':�'�'_;r. 3,Inwnna�. Borro �L�i!III�Ii1���fd41M�� � ��.r.�E�rtl�tinib nde tems acc�pt�ble to Lmd�r�t Borrowu'� exp�nw and 1a Lmdsr'� b�n�ilt.All
<br /> • • I�wranc�policls�thdf i�clud�a sti���myr�oW1 Cl�s��n favor of Lsndu.L�nd�r will b�nam�d u bs�p�ya or I�s th�Imured on my Iuoh
<br /> or to tM siCUr d d�btl It Lender requfnt�morty�p�+,liu�onWat Fl�orrow°er�pro�oc�tolmulntaln suchhneurnn�pertfor ee lonfl ea Lendei�requee`rapsrty _
<br /> ,�� --
<br /> �� 4.PropKty.Borrow�r will k�sp tha prop�ny fn pood conditlon�nd m�k�+�II npairn re��om61y rnc�ssary
<br /> "-- 6,Exp�nN�. Borrower ayre�s to pay ail L�ndu'��xp�ntes inoludinp rs�ton�bi��ttorney�'fes�,If Borrowor bnsks any covenant�in thls dsed
<br /> � of tru�t a in any obllpation acured by thia d�ed of trust.�orrow�r wlil paY th��e amounts to L�ndst u provided in Cave�ant 8 of thit deed of
<br /> ~ trust.
<br /> , .,��J. .
<br />-� '�"'�b4 w 6.P�ia S�ewity k�t�nst�•Unless Borrow�r first obtains L�nd�r'a writtsn con�snt, Bortowu wlll not make or psrmit �n► chenpe�to eny p►lor
<br /> sscu►!ty interests. Borrow�r wili p�rform di of Borrower's obllp�tlarn under�ny prlor martpspe, deed of trwt or other �acurity apreemsnt,
<br /> ���• . ineludinp Borrow�r's eov�nmU to make p�ym�nt�wMn due.
<br />.—II��F�i•�
<br /> 7.A�oi R��nd P►otfti.Borrower salpn�to Lender the rents and profits of the property.Unleas Borrow�r end Lender have aprsed
<br />_-r7�,"�_';. � otherw ss in writinp,Borrower may colleot and�etain the ronn u lony as Borrowsr is not in defauft. If Bartower defRUlu, Lender,LeMer's
<br /> r;;�,'y;�� apent,ov�court sppointed recs(ver m�y t�ks po�se�slan and menape the property and cqliect the rente.Any rents Lender aolleate shali Ge
<br /> ;,;;t�••, applisd f(nt to the costs of m�n�pinp ths property, includinp court costt end attorneya'teeb commfsibns to rentd ag_ents, and eny other
<br /> __ ��� �eceu�ry related expenaea.The rematninp amount ot rent�will then apply to paymsnt:on the secured debt as provided In Covenent 1.
<br /> -- 8.L�u�twWr CondartAntumr.P��d Udt O�v�lopm�nU.Borrower�prsss to comply with tt»provi:lona of any lesss if thla deed oi vust le on
<br /> v�� '� unNder t��COVS�nt�d by law�s or repulations ot thec ondomilnium or plinnidMUn(tnd�vslopment�t��Orrower will psHorm dl of Borrowtr'� duti�s
<br /> -�°"�"'—`�-' g,��y o}�M��pK(orm tor BonowK.If Borrow�r fails to pa►(orm�ny oF Barower's dutMs under this d�ed of tnist,lander m�y
<br /> perform ths dutl�s a aau��tMm to b�p�►form�d. L�nd�r may sipn eorrowu's n�m�or pay any amount if n�cess�ry for p��formanc�. If any
<br /> -��-� const�uation on the property is discontinued or not cani�d on In a ro�aoneble m�nnsr,Lender may do whetever i�nece�sry to proteat Lendar's
<br /> ==`�-� security ints►sst in th�praperty.This m�y includa completiny tta comtruction.
<br />_:;d�� Lsnd�t's f�iiuro to p�rform will not prscluds Lend�r from exercisinp�ny of ks otMr rlphts und�r tM law or this d�sd of trust.
<br /> AnY�mounts pdd by Lend�r to proteot Lsnd�r's�scurity Intsrsst will 6e csaured by thts deed of trun. Such amount�wiil be due on demand
<br /> W i-� and will bear int�nst irom the dats ot ths payment until paid in fuil at the Intsrost rete in eHsct on tha:ecurod d�bt.
<br /> --.��.e� 10. af�ult �nd AeeMKMion. It Borrow�r faiis to m�ke any p�yment whsn dus or breaks �ny covernnts under tMi deed of uun or �ny
<br /> •W��
<br /> dimind Imm�,i piymint,�nd m,y invok�the p iwK f iile i�iny othir�rsmsdi�ipermittsd by ipPlicab e Iiwurity of the�ecurad debt and
<br /> — hereto,�it�ths�addreu of s�ehtsuch�ps son�aii iepforth�harein.copies of ths notices of detault�nd s�b be ssnt to eaeh person who Is a psrty
<br /> 12. Pow�r of SW.If the L�nder invok�s th�pows►of��Ie,th�Tru�ts��hiii first ncard In th�offla of the np�atsr of d��ds of��ch counsy
<br /> ----- whsnin tM tru�t propsrty o►tome part or parctl th�nof Ia�ituat�d a noUcs of defauit contdnlr�tM�lnfamadon requirsd by I�w.Ths Truat��
<br /> ahall alao mali copin of the notics of defauk to ths Borrow�r,to esch p�rson who is a party hsr �d to othsr p�rsoru asprescribed by
<br /> appticabh law.Not Isss thon on� month after the Trustss rscords the notice of defeuit or two month� ii the tru�t prop�Ry i
<br /> s not in any
<br /> incorpont�d city or villap��nd is ussd In farminp opentian�aarried on by tM uu�tor,the frustee slutl pivs public notks of sN�to the persons
<br /> aWd�dir.tlf r�kid by�tM�Fbi mbHOm�itt��id�ProtiotiToun Ac�t.Truitie shall offer�ther�op�r�ty�in�two sep,ratiial i eiiaiquirid by atp�pitibi�i liw
<br /> LindK a its d�is n�i�miy purch,is thi�op�rty Lat a^y ailsr.ty by pubiia�nnouncament at the time md pltce of any previouNy tcheduled��le.
<br /> Upon ncslpt of paym�nt of tM prics bid,Trustee sheli dsliwr to tM purchas�r Trustse'a desd conv�yin�th�prop�rty.Ths nctti�t�containsd In
<br /> Trustw'�dsed shall bs prima t�cN�vidNnc�of ths uuth of tM atat�msnts cont�lnsd tMrein.Trusta shall apply ths proce�da of tt►�ab in tM
<br /> rsin�ti n�,s��lb)to�dl sums secursd by thio deed ot�trust�and la)�Iths biiinca,If any,t'o ths px�ioni lepally snti�to recif�vi ii,fses and
<br /> 13.Fa�down.At Lsr►d�r's option,thls dssd of trurt mey be toreclosad fn the manner provide by+PPticable law for foreclosure of mortp�pes
<br /> on rael propsrtY.
<br /> 14.�� Lendsr may enter the propsrty to(nepeot it if Lsnder pives Barowsr notice beforsh�nd.Tt�notic� must at�te the nasombN
<br /> causs fa L�ndir'�in�peation.
<br /> 16,Cond�nrudon.Borrower�ssip�n�to Lsndsr the proceeds of any award or cialm for dema3 ss connected wkh e cond�mnatbn a othsr t�kinp
<br /> of ell or any put ot tM property.Such►xoceedi will be eppHed es provided In Covensnt 1.Thlt assipnment is aubJect to the terms of any pria
<br /> �scurity WrNme�t,
<br /> eny��y uponx8orrowi�s defaultd Lende�r doee�rwt waive anyiight to lite��consfder tho svtent a�def�ult ifit hiptp�ins,as ny�BY�Ot sxsrcfsinp
<br /> — 17, ,!o{nt�nd g�yual ��� Co-N�n; Succ�ssas and Asslpns Bound. All dutiss undet thit dsed of t�ust an joint and sewral. Any
<br /> Borrow�r who co•�Ipns this deed of trust but does not co•alpn the unddriYin� debt instrumsnt{�) das so oniy to �r�nt end convsy th�t
<br /> Borrowsr's InUrsst In the property to ths Truste�under the term{�s of thi�deod of trua.In addition,wch�Borrowsr aprees that ths Lender snd
<br /> _ - "�' debt wktaut that�Bourcowu i content ir duwkhouyt re es�n0 Mat gorrowsretarom tM termi of thia daid of Vustf thfs dad of uust or tM secursd
<br /> ��� The dutks and ben�fks of thit d�sd of uust shaN bind and beneflt the successors and esaipns of Lsnder md 8orrower.
<br />�-_�;��,,�� 13.Notic�.Unless othervvise roquired by Iaw,eny notice to Borrower shall be piven by deliverinp it or by meilinp it by Certifted mail addroaiad to
<br /> _;,�.,�;g: Borrower�t the propsRy�ddress or any other�ddrs:s that Borrowet has yiven to Lender.Borrower will 4fve any noUce to Lerxler by csrtifled
<br /> m�il to Lend�r's addrsss on pap�1 ot thVs deed of uust,or to�ny other addreu which Londer hes deaiyn�tsd.Any othsr notice to Lend�r shdl
<br />'_''`�'' ' ba smt to Lendsr's sddress as stmd on pepe 1 ot this desd of trust.
<br /> �:=:i;.'.'^�:..'
<br /> Any notice eh�il be dsamed to h�ve besn pivsn io Borrower ar Lender when piven in the man�er stated ebove.
<br /> ' 19.TrMUf�r ot tM P►opKty a�B�rnfici�k�t�nst in 1M Bortowu•If ail or any part of the propertY or�ny intarest In k la sold or uansferred
<br />- ` without Lender's prio� written consent, Lender may dem�nd immediate psyment of the secured debt, Lender may sito demend Immediate
<br /> • • psyment If the Borrower is not a naturai peraon and a benefictel Interest in the Borrowor Is sold o� uensferred. However, Lender may not
<br /> ,�� demand payment in the ebove situetions if k is prohibited by fuderal law as of the dete ot thia deed of trust.
<br /> � 20.R�conwy�nc�.When the oblipetion eecured by this deed of trust has been peld, and lender has no further oblipatlon to make advances
<br /> ��;y�,�•; under the insVUments or egreements secured by thla deed of uust,the Trustee ehall,upon written requeat by ttfe Lender,reconvey the trust
<br /> • property.The Lender shell deliver to the Borrower,or to Borrower's a�cces�or in Intereat,the trust deed and the note or other evidence of the
<br /> , obllpation so aatiafied.Borcower ahell pay eny recordation coste.
<br /> -�:-Y�__ �. e.....r..,, r..�.� i.,,,�e. a* �p�,dor�a nnrion. mav remove 7'ruatee end apaoint a succeator trustes by fiut, mailing a.copy_of the
<br /> ' � eubstitution of truetee es requlred by applicable law,end then,by filin�th0 Substitutlon of trustee for recora in tne a'rnce oi tne reg�ater ot oeede
<br /> � of each county in which the truat property,or soma part thereof,Ia e tueted.The eucceasor trustee,without conveyence of the property,shetl
<br /> succeed to all tha power,duties,authority and titlo of the Trustee named in the deed of trust end of any successor trustee.
<br /> lPap�2 0121
<br /> - . 6ANKEfIS SYSTENS.�HC..ST.CLOUO,MH 66501 It�500•397•23411 FORM OCP�MTO-NE BAB/81
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