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<br /> _:cya�=� COVEMANTi 9a� /� ���DB
<br /> ~_:�� 1. P�yrrNnta. Borrowsr aprnt to make ell payment� on the �ecured debt when due. Unle�e Borrower and Lende► apree othlrwis�, any
<br /> -"=-;4=�n• p�ymsnts L�nd�r reaaiva� trom Borrower or for Borrawar's benetit wlll bs�pplled fkot to eny amounte Borrower nwes on the s�cured dsbt
<br />`�`' r" �� �' not reduce or excu6e an r icheduled�a�ment until thee curod dobt lafPeld In(u1j al prepeyment of the secured debt occurs for any�e�ton,it wlll
<br /> Y P Y P
<br /> '�':s� a r 2. Cl�im�ApMntt T �.Dorto�Fl�A'��1 pjk iA'•iix��,�I�4e smenta,�nd other charpes attributable to the property whnn due and wilt defsnd tltte
<br /> .°,u c•� to the prop�rty�p�in t�ny,cldml�W�tich�1�rp�Id(�p,��V[h Ilen of thls d�ed of trust.Lsnder may requlro Ba►rower to�etl�n�ny dpl�t�,clalm� or
<br />.'�.�:;�,,, ijiMit pYr�lek:Who s pply labor or msterfal�to improve or malntaln the property. _
<br /> � dsfensa which 6orr sr m�y haw
<br />°.:t•,�Y _:.: 3. Inwnna�. Borro� r yr���([p sp thi prop�rty kuur�d du ts�m�aoeeptabls to Lender�t Borrowsr's expenee end for Len�Nr's benAtit,All
<br /> - Insunnc�polialu sh� Includ��sundtrd mortpap�cl�us�In favor of Lmd�r.Lsnd�r wlll b�named a�lot�psyee o�ai the Insaid on any�uch
<br />- ����'— �� Insunncs pollay.A�y insunnc� procsedi m�y be epplled,within Undu't dltcrstlon,to either the restoration or repair of the d�mtifled propeRy
<br />-`•��� .,. or to ths secured debt.If Londer requiret mortAaOe Inaurance,Borrowe�tArae�to mafnt�in such Insurance tar a�Iong aa Lender ie7ulrea. �
<br /> _�...r��'�'.
<br /> 4.Prop�rty.Borrowsr wlll kaep the property In good canditton and mek�ail repaira rea:onably naces�ery.
<br /> ,.,���w�:�,, 6.Exp�nw�.Borrower eyrsei to p�y all Lender's expensee,includkiy reesonable ettorneya'feei,If Qonower breeke eny coveniMa In this deed
<br /> g,�-- ,, of trust or in any oblipetlon ucured by thia deed of trust.Borrawer wiil pey these amounts to Lender e�provided In Covenant 9of thl�deed of
<br />,:i�-'} trust.
<br /> =��"'` 6. Pda S�curt�y Intsn�ts. Unles�Borrowar firnt obtalno Lende►'�w►itten consent, Borrower wlll not make or perm(t any chanpes to eny prior
<br />�k*' r? eecurlty lnteres►e. Borrower will porform all of Borrower's obligatiorn under a�y prior moRgage, daed of truet or other seculty�preement,
<br /> � Inctudlnp Borrower'e covenante to meke paymentn when due.
<br /> =''�y� 7.A�sipnm�nt ot Ft�nb and Prof1U.Borrower esdpna to Lender the rents and proflta of the property.Untess Borrower and Lander hwe eproed
<br /> ��� othsrw sI e In wrltinp, Borrower rnay collect and retain the rents a�lonp as Borrower Is not in default. If Borrower defaults, Lender,Lcnder'a
<br /> agent, or a court appolnted roceiver may teke poaseselon and manaee the property end coliect the rents. Any renta Lender wllean shall be
<br />_,;y;�-'�� � applled firet to the coats of manegfng the praperty, includinp court costs and etto►neys'feea, commieslons to rontai apente,ard any othar
<br /> - necessary releted expenses.The remalning emount of renta will then epply to peymente on the secured dobt as provided in Coventnt 1.
<br />-�-`.ii�.� �.
<br /> ' ��=��- 8.Lws�holds•Coodomkdum�s Pl�nn�d Unit D�vMopmmU. 6orrow�r agnss to comply with tho provittons of any leaie if thls d«d of trust it on
<br /> „ � a Ie�tshoid.I{thts de�d of trust I�on a unk in�condominium or e pl�nned unit dsvebpment,Borrower wiil perform all of 6arower's dutie�
<br /> -- und�r the covemntt,byI�wa,or ropul�tbns of ths condominium or planned unit devslopm�nt.
<br />_—�_� 8. Authorily of L�nd�r to Pwtorm for Yonow�r. If Borrower faila to perform any of Borrower's dutles under this deed of trurt, lender may
<br /> pertorm the dutiss or oause them to be psHormsd.Lender mey tlpn 6orrower's mm�or psy any amount if n�cusary tor pe�fammc�. If�ny
<br /> -" conotruatton on tMpropsrty b df�continued or not aarried on In a reasonabls m�nnsr,Lsnder m�y do whatsvsr i:neass�ry to poiact Lend�►'s
<br /> �;;,;�„���;-� aecurlty interest in t h e property. Thia m�y include complettng the construction.
<br /> �•� Lsnder'i failure to pafam wW not prscluds Und�r trom sxercisinp�ny of It�othsr ripht�und�r th�law ar thls dud of trust.
<br />_---�'.:� AnY amounta pdd by L�nder to proteot Lsnd�Ys�ecurity interost will bs aecured by thi�de�d of tru�t.Suah�mountt wIN be dus on d�m�nd
<br /> _ mtl will besr Int�nst from th�dat�of ttN paymmt until p�id in fuil�t the Int�nst nt�In�N�ot on thr s�aund d�bt.
<br /> - :�
<br /> = 10. Gfwlt�nd AaeNK�tlon. If Borrow�r f�ll� to mtk� �ny paymsnt wMn dw or bnak� �ny cov�n�nt� und�r thl• dud ot truat w�ny
<br /> _.� obllp�tion secund by thle dnd of tru�t or�ny prlor mortgap� or dsed oi trust,L��dn m�y accd�rat�tM m�turlty of ih� s�cur�d d�bt�nd
<br /> --� d�m�nd Imrrwdi�t�p�ym�nt md m�y Invok�th�pown of��I�md�ny otMr nm�dN�pnmitt�d by�pplic�bl�I�w.
<br /> = 11.R�qwat fa Noda�of DNwk.It I�Iwnby nqwst�d that copbt of th�notices of d�f�ult�nd ul�b�Nnt to ��eh pe�on who I��p�rty
<br /> � h�nto,�t th��ddn�o o}�ach wch p�non,�t a�t torth h�nln.
<br /> — 12.Fai'tw a:Sw:.Ii 2A:i.��i::IiY��ivi irii yuwii 4i ide, ii�Trusi�e�h�fi iirsf rocord in ti��ofifiiCS ofi tiN rpistN oi dNds of ��Cn county
<br /> = wh�nin the tru�t proputy a som�p�rt w pucsl th�reot Is situ�t�d a notfas of dNault contNnlnp th�infamatlon r�quk�d by Inr. TM Tru�te�
<br /> •hall also mall Copl�s of th�notic�of d�fault to the Borrower, to each p�non wha U t p�rty hento, and to oth�r p��son� ap�acrib�d by
<br /> �pplicabls law. Not Iss�th�n one month �ft�r the Trustee record� tM notics of deiwlt or two month� ti th� tru�t propsny ls not in any
<br /> _° Incorpont�d city or villap� �nd la u�sd in farminp op�ration�o�nf�d on by th�truuor,ths frustN shNl plw publlo natice of�sb to tM p�nons
<br /> - �nd In ths msnner prs�cribad by�appplic�bb law.Truatee, without d�mmd on Barowu, ahdl ttll tM props►ty�t public auotionto the hlphsst
<br /> bldMr.If rsqufnd by ths Ferm liomsatad Protectlon Act, Trustee�hall offar the prop�rty in two aeper�te�alei as raqutnd by�ppllcabt�I�w.
<br /> Tru�t�e may postpone sde of all a�ny pucel of the propetty by publio ennouncemsnt at the tlme and plecs ot�ny previously ichedut�d ule.
<br /> lend�r or lu dsslpne�may purcha:e the property at any��Is.
<br /> Upon nc�ipt of pa m�nt of th�pric�bid,Truste�sh�tl dsliva ta the purchasu Tru�tae't de�d conv�yinp tM prop�rty.Tha nciUY� contairnd in
<br /> Tru:t�s's deed sha�l be prim�feais�vidlenc�of the truth of ths st�t�msnts contained tMrein.Tru�tes ahall apply the proce�ds of d�e ule In the
<br /> followiny ordsr: ie) to all �zps�ses of the ssls, Including, but not limited to, roaeonable Truatee's fess, reaaon�ble �ttotnly'i feet and
<br /> rei�atatsmsnt fees;(b)to all sums tecwed by thfs desd of trutt,and(c)th�batana,if my,to ths psnons bpally�ntitled ta rsc�Ns h.
<br /> 13.Fw�etowr�.At lendsr's option,thlt deed of uust may be foreciosed in the m�nner pravide by epplic�ble I�w tar forecioaun of mor[p�qea
<br /> on toal property.
<br /> 14.Insp�otton. Lender may enter the propeny to inspeat it if Lender yfves Borrower notice beforehand.The notice must ttste the reason�ble.
<br /> cau�e for Lendet's inspeation.
<br /> 16.Cond�trK►atian.Borrower nsipni to Lender the proceeds of any�w�rd or eiaim for d�m��pes conneotsd with a condemn�tionor other t�kiny
<br /> of ali or any part of ths proporty.Suoh proceeds wfll be applled aa provided In Covanent 1.7hia aasipnment is nubJeat to the terms of eny prtor
<br /> cecurity apreement.
<br /> 16.WNwr.By exercislnp sny remedy avaitable to Lender. Lender doea not pive up any rights to later use sny other remedy. B�not Ixercbinfl
<br /> any remedy upon Borrower's default,Lender does not waive any ripht to Ieter conilder the event a defeult if it h�ppent again.
<br /> 17.Jd�t a�d S�v�nl Lt�bWtw, Ca•siprnrs; Suee�ssus�nd As�(yns Souod. All dutiet under this deed oi trwt are jolnt and several.Any
<br /> Bosrower who co•styn�this deed of vust but dosa not co•aign the underlyinp debt Instrumenttsl doss so only to gnnt and convey that
<br /> Borrowsr's interest(n the propeny to the Truatee under the terms of thie deetl of trust,In edditlon,such a Borrower apree�that Iha Under�nd
<br /> eny other Borrower undsr thl�deed of uust may eMend,modifL�or make any other chenpes in the terms of thit deed of truat a the secured
<br /> dept without that Borrower's coneent and wlthout releeslnQ that eorrower from the terms vf this dead of trust.
<br /> The dutles and bensfits of thla deed of truat ohell bind snd benefit the Buccestors md estigne of Lender end 8orrower.
<br /> �-- 18.Notk�.Unle:s otherwisu�equ4ed by Iaw,eny notice to Borrower ah�ll be piven by deliverinp it or by malllnp It by certified m�addresa�d to
<br /> -_�:�= Borrower et the prn�perh{su'dress a anY�other addrosa thst Borrower haa given to Lender.Bnrrower will pive eny notice to Lend�r by cenified
<br />-`"� =��,� mail co LenGer'e addreas on pape t of tMS deed of truet,or to any other eddross whieh Lender hes designeted.Any othor notice to LMder�hali
<br />_;:,'-��°+`,� be sent to Lender's addreos a�steted on pege t of this deed of tru�t.
<br />:�—�,_y Any notice shsll be deemed to have been piven to Borrower or Lender when piven In the manner eteted ebove.
<br /> -�f t�� �' 18.Transhr of tM Pr a�Bm�ffciul Int�t�st In tht Borrowe.If all or en rty
<br /> ���;;�y without Lender's prtor�wrt�tten conaent, Lender may demand Immediate payment�of theheecured debt.�Lender�may etso8damind mamsedlate
<br /> . . ,_, peyment If the Borrower le not e neturel pereon end e beneflcfal Interest In the Borcower le sold or trensferred. However, Lender mey not —
<br /> _;f demand payment In ths above eltuatlone ff It le prohfbited by federal lew as of the dete of thls deed of trust.
<br /> ' 20.R�eonv�y�na. When the obllpetion secured by thla deed of trust has been peld and Lender has no further obllgation to ra�lce edvence•
<br /> under the Imtruments or agreements secured by this deed of truat,the Truotee ahelt upon wrltten requeat by the Lender,reconvey the trust
<br /> property.The Lender ehell deWver to the Borrower,or to Bo�rower's succassor In Intereat, the trust deed and the note or other evldence of the
<br /> obligetlon ao satlafled.Borrower shall pay any recordatlon coats.
<br /> .i.
<br /> • 21. Suecessa Trusto�. Lender, et Lender's o tlon, may remove Trustee and appolnt a succesaor trustee by first, melllne� copy of the
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<br />- __-=-- — =rr^»�^�•�•:,�•�.••�:I� �� PNUVtt y1.;oeieo ivr record in{ne oiTlce or tee reqs�er ot deedc -
<br /> ' ''�^ ,�
<br /> �� of each county In whlch the'trust properry, or some part thereof,le s�tuated.The successor trustee,wlthout convoyence of the prooerry,shatF'
<br /> ; .� succeed to ell the power,dutlea, euthorlty and tit�e of the Trustee nemed In the deed of trust end of any successortruatee. �_
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<br /> � • SANKEflS SYSTEMS,INC..5T.CLOUO,MN 68301(1-800-397-23411 FOflM OCP•MTC}NF BN9181 �
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