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<br /> COVENANT! g'��������
<br /> 1, ��ymMS��,IlorrowN aprNS u m�k� �II paym�nt� onth�,�scu�d d�bt whm due. Unb�� Borrowv L e a es oth�rwis�, any
<br /> p�yment� L�nd�r nc�lwt irom Bortou�v a fqr Bwroxro/'�,bMnHit wiil b��ppii�d iint to any amounts Barrowsr owe�on the eecund d�bt
<br /> sxcluslve oi Int�ntt or princlp�l,�Iaond to Int�rett,and t�1en td princip�t.If putl�l prsp�yment of ti�e�ecured d�bt oecure.^r eny►sa�on,It wlll
<br /> r►ot ndue� u�xcuee my�cM�d p�Yr�nt untll tha��cu�d d�bt I�pald In tutl.
<br /> 2.CI�A�t TMlo.Barowa will p�y W t�z��,a�s�ssmmb, and othv ch�rp��attrlbutabi�to th�p►op�rty whm due snd wlil d�hnd titl�
<br /> to th�prop�rty�0dnst�ny cNlm�whlch woukf knpak tM INn af thi�d�ed of truat.L�nd�r m�y nquin eorrow�r to�ttipn any riphU,ci�lm� or
<br /> d�f�n��t whkh 9arower m�y h�w�pUnst pntN�who tupply I�bor or mat�rld�to impraw o►m�inUln ths prop�rty.
<br /> 9.MNUr�s�,Borrowa will kNp 1M{xopKty Inaund und�►t�rms�cc�ptablo to Undar�t Borrowu'c exp�ns�and fa Landa'� bm�fit. AA
<br /> In�urana polleN��hall Includ�a�t�rxlwd moK0�qs ol�u��In fwor of L�nd�r.L�ndn wlll b�nan�d aa loss pay��or��th�Insw�d on�ny�uch
<br /> Int�x�na po0cy.Any In�urrnc�procado rn�y 6��ppll�d,wlthin Lender'�dl�cntion,to either ihs rsttontion o►repalr of the d�mepad property
<br /> or to tM��cund d�bt.If L�nd�r rpuk�t mortpap�insur�ncs,Borrower oQrooa to matntain cuch In:uronco for na lone as Londar raquiros. �
<br /> 4.I�apwty.Borrown wll!kNp tM prop�rty In pood conditian and mtk�all repaln nasombly rac�ssary.
<br /> 6.Ex�N.Batow�r �u to p�y�A L�nd�r's sxp�nso� Includinp nnon�bl��ttornsya'fe��,if Borrowu brs�k�my covenant�in this ds�d
<br /> of Vust a in my obiip�n neurld by thl�d��d ot tru�t.�orrowsr will p�y these rmourm to l�nder as provid�d in Cov�n�nx 8 of ihU dNd of
<br /> trutt.
<br /> e.hior��y N�hrMb.Ud�s�Borrow�r fint obta(n�Lender's wrttt�n conssnt,Borrower w11i not maks or permit�ny chanyes to any prior
<br /> security Intere�t�.Borrower will pe►fam �II of Borrow�r's oblig�tiont und�r any prlat mORp�4s, dsad of tru�t or othsr escurity apresmsnt, _
<br /> fncludirq Borrow�r's cownants to m�k�paym�nts wMn due.
<br /> 7.A���of Il�nb�nd Frolfn. Borrowe Auipns to l.�ndsr the renu and proflts oi the proparty.Unlass Borrower and Lendsr h�ve apreed
<br /> othew(w in writinq, Borrowa m�y wllsat�nd nt�in the rsntf es lonp es Borrower Is rwt In default. If Borrower dstaults,Lsnder,Lender'�
<br /> aQ�nt, a a eowt�ppainted ncNvsr may t�ks poaeulon and manaye the property end eolleat the renta. Any rente Lender colleat�aheli be
<br /> applied tirst to tM coas of mamyi�0 the propsrty, Includinp�court coats and attor�eya'fen, commisclont to rent�l appnts, artd�ny othsr
<br /> n�c�s�wyr nut�d�xp�ns�s.TM nm�Inirp�mount of nnt�wNl tt�n�pply to p�yrt�nts on tM ucund d�bt u provided in Coven�nt 1.
<br /> �,I.w��l�old�•��m;PMnrnd UnU MvMoqnw�.Borrow�r aprN�to comply with Hw p[ovi�tona of�n�orm�all of B�wrowK i�dudii
<br /> a M�sNald.I�t1Nt of trust It on� unit tn�condominium or a W�nn�d unft o�v�bpment,Borrowsr vWll
<br /> unda►thr coyansrrts,by-Iswc,nr npulttiorq ot the condom(nfum or plenned uMt d�wbpm�nt.
<br /> O,Autlqeity o}L«�d�►to hrforn� [or{ortowM. If Borcow�r faiis to o�riorm any of BorrowK's duties unds►this desd of vust, Und�r may
<br /> patorm tM duWt a oaua�tMm to b�paform�d.L�ndsr may sipn 9ortow�r's n�n»a pay my amount it n�c�stuy ta p�rfamsna.If��}r
<br /> con�t►uction on tfieproperty it ditcontlnu�d or not wrri�d on fn�ra�on�bb manner,I.�nder may do wh�tswr ii necess�ry to protsat L�nd�r'�
<br /> a�curity intw�tt in ttw propKty.This m�y inelud�complstinp ths con�trundon.
<br /> I..�nd�r'�failun to p�rform wiH�ot pr�cluda Lend�r from exerci�inp any of ks othe►ripht�undsr th�law or thit de�d of dun.
<br /> Any�mouM�paid by L�ndw to prot�at L.�ndN'�security int�n�t will b�acund by this de�d of tru�t.Such smounu wiil b�dw on dem�nd
<br /> and wiN bsyr Int�nst from tM d�n of the p�yrm�nt u�Ul paid In tull at the int�nst r�te In eH�ct on tM s�curad debt.
<br /> � 70.DNwlt md AeeMKNion. If Borrower f�ils to maks �ny paym�nt wh�n d��e or br�+ks�ny covemnt�undsr thi�dsed of w�t w any
<br /> di andknm�idiit pi�nt a�nd m�ylnvoki�tM p�w�r of ail�iin�dr My ot�Mf runm�d i�p�rmittb hy�appliciW�i liwu►ity of ths s�cursd d�bt and
<br /> 11.Rpu�at ta Notic�of Driauk. It It Mnby requsst�d that copiu of tM noticn of def�uit and taie bs sent to ��ch p�non who b a party
<br /> Mnto,�t tM nddnss of�scl►such p�rson.�s s�t fonh harsin.
<br /> /Z.Powor M a�N.If th�Lmd�r Invok�s tM pow�r of��U,tM TruKN shNl fkst r�cord in tM offic�of tM rpistw of dwds of�ach cour�ty
<br /> � wtrnin tM trust propw�ty a som� pMt w p�rcN tMrwt(��ku�tod�notic�of d�fwk eont�iNnp tM intormation r�quk�d by I�w.TIw TrustN
<br /> ' sh�M �I�o m�N copi�s of tM notic� of d�f�utt to tM Bo►row�r,to nch p�rwn who is a p�rty F�r�to, +�nd to oth�r patons upr��aiMd by
<br /> appNoabN Aw. Not las thar► on� month�ftN ttw T►ustee nc4rd�th�notic� of d�huk or two months If tM trust prop�rty is not in any
<br /> inc�por�t�d city a vi11�0�and it us�d In twminp o ntlons carried on by tM trustor.ths 1Yuste�sh�ll piw pub�� ratic�of s�w to th�p�rson�
<br /> ' b�ii,R i��d by�tt�iFrm Hom„ti�adRotic loun Aa�.7ruknii i�hall oNr�th�i aopi rt�ysin�two�sep�rit��i aa r�iqu(rwial�by�tp�pllubN liw
<br /> Truttw�nay postporw s�M of aq or�ny pKal of tt�prop�ny bY pub�ie announc�m�nt at th�tim�and pi�a of��y pnviousiy acMdul�d saN,
<br /> � I.�nd�r a h�d�s{p�s�may purchn�tM propsrty at�ny s�N.
<br /> Upon ncsipt o�f p�ym�nt of ths pric�bid,Truste�thall dslivsr to the purchuer Trults�'�desd conveykw ths propsrty.TM nckfNs Gont�kNd In
<br /> Tru�te�'t W�d sfull M prim�faeN�vfdNna oi tM truth of th�atat�menb contain�d thsnin.Trustee sfiall appiy the procwds of tt��N In tM
<br /> tolbwinp adM: 1�) to �11 �xp�nt��of the �al�, fncludinp, but mt Iimft�d to, rss�onable T►ust�s's feei, re�son�bN �ttotMy's fNa s�d
<br /> �', ninatatwn�nt fN�;1b)to all sum�secur�d by tAis de�d of trut,�nd(0)ths bN�nce,tf a�y,to tM ps►sarn tspdiy snthi�d to r�wivr it. _�_
<br /> ^+ 13.Fon�lown.At L�nd�r's optbn,this d�ed of uust m�y bs forscbsed In th�m�nnsr provid�by appllaabN I�w ta fonalo�un of mortp�p��
<br /> ,� on nN propKty.
<br /> ` 14.1�o�c�fon Lmd�r may�ntK tM prop�rty to Insp�ot k If i.�nde glwt BorrowK nuUa bfa�hand.TM notid must stat�th�n�wnabN .
<br /> � caw��fa L�ndir'�Insp�ot{on.
<br /> 16.Caii�nr�Miai.Borrowe���I�ns to L�nd�r tMproa�ds of��y aw�rd or ct�im for damap��conneatsd wkh�eabsmnatbn or otMr t�kinp
<br /> oNf cN�ja���tM prop�rty.8uch proa�da will b�appllsd�s provtd�d in Cownant 1.TMt�stfynm�nt I�subj�ct to th�tems of�ny prior
<br /> � a Y ri��on BNOnow�ir i diiwkd Le��d�oei�eot wstve enyilyM to Iiti�s�oeniWsr thiiv;int a�diif wlt Ifamr�r�m�dy.By not sx�rdsinp
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<br /> 17. .IoYit �nd SwKr�s Co-daNn; SuccNSas �nd As� sound. All duties undw tihts d�sd of trust e� joint and s�wral.Any
<br /> - Borrovwr who casipm tht� Nd of trust but doss not co•sbn the und�rivinp debt irutrum�r►tls) do�s �o onty to pnm�nd conwy tfut
<br /> Borcow�'s Nt�ntt(n tho prop�rty to tl►�Trust�e urWa tM t�rms o}thts dNd of trust.In Wditton,�uch�8orrow�r pre�s that tM l�nd�r�nd
<br /> •ny otMr Bartow�r ur�r thls d�sd of trutt m�y�xt�nd,modt a msks any ather chan�ss In tM t�rm�of thls d�ed of trust or tla sscund
<br /> cNbt witlwut that Barow�r's con���t�nd without rsieuinp th�t�rowa hom tM t�rms af thl�d�sd of tru�t.
<br /> ' Th�dutl�s ind be�sfit�of thls Med of uust shall bind�nd beneflt tM successors and aasipns of Lender�nd Borrow�r.
<br />- � 16.Motle�.UM�ts othxwlse requlred�y I�w,eny notice to Borrower shall be yivsn by deliverinp k or by mallinp It by csrtified m�il addreaed to
<br /> Bor�owa �t th�pro �ddr�a�r�nY other sddrstt thAt Borrower h�s pivsn to Lend�r.Borrowsr will giw any notice to Lend�r by arNfi�d
<br /> � miii to L�ndu's us on pip�T ot this d�sd of vuat,or to any othsr addres�which Lsnder has desiynst�d.Any ott►�r ratic�to Und�r sh�ll
<br /> b�s�ntto L�nda'�addres��t�nted on pps 1 ot thif deed of trust.
<br /> Any not�e thall b�dwmM to h�ve b�sn piwn to Borrower or Lender when piven in the m�nner ateted above.
<br />- 1g,Tmst�r of 1M prop�ty or�d�rNRct�l k�t�nst in tM dortow�r.lf�II or sny part of ths propenv or�ny�nt�ron in It is sold or uaruterred
<br /> wkAout L�iM�r'�prior writt�n conwnt, Lmda m�y d�m�nd Imm�dlat�p�ym�nt of tt►�s�cund debt. Lsndx m�y al�o demand imm�diat�
<br /> paym�nt if tM Borrow�r i�not• rurix�i pKaan�nd � Mnsfioiel int�nat in th�Borcow�r it sold or transferrsd.However. Lenda m�y not
<br /> domand paym�nt In tM ebow siNattom if it(�p►ohibk�d by fsd�rai I�w a of th�dat�of this dNd of butt.
<br /> 20.RKOnwy�net. When the o611p�tbn secured by thfs deed of truat hes been psid snd Lender h�� no (urtMr oMipatbn to m�k�sdwncu
<br /> undsr th� in�trum�nt�or ayrssmente sseured by this deed of trust,tho Trustee�hal(,upon written requeat by the LeMer, reconvey the truat
<br />- pr�o�p�rty. The Lends�ihNi deiiver to ths Borrower,or to Borrower'e succe�sor(o Intereat,the trust desd and the no!s or ottxr evidsnco of the
<br />- oDllpatbn �o�sti�fiod.Borrower shall pay+ny rocordatton co�t�.
<br /> 91 C.---- - Tw..�u 1.�ul�� at I�nel�'e entlnn mav r�mnv�Trutta� end 1DDDIflL � s11CCBi60t Vusts� bv flnt, mdiinp � COpV OS,tM
<br />- substttutfon oi uuites as reQuired by appllc�ble(iw,and tiron,bV tilln�the substitution of trustee for rocord in t�se otNCe ot Ms repister of dd�tl�
<br /> of�ach eaunty in which the trust property,or eome psrt thereof, fa�ituated.Thb e�!�restor Vustee,wiihout conveyance of the property,shWl
<br /> succeed to�A the power,duties,euthority and titie of the Truatee nemed In the deed of trust end of any eueceseor truetee. .
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<br /> /ANKEAS 6V 91E1A5.MIC..ST.CLOUD.MN 6E�01 It��OOJ87�2J�11 F011M OCFMTC3-NE!/19�81
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