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<br /> v .;�.� •., .<„'Ec` • �.�. �arrowtu agraes to tna4rsi etf'p�1(mer�s`a'' ����A QoQt when dus. Uniass Borrower and Lertder apreo otl►mnrise. aaY . . , �. .�.
<br /> °.s.< , paymsnts Lender r@eetw�a from Bcrroiatet ar iaY�Bflrra���Fiil.r^i bo ceQ f�7st t�arry amaurns Bonower owea on ths seauad dabt {....� '
<br /> -.- axctusivs ot Irrtmost pr Ortncd�a6 aC�An�i► 'p1�. if��!OfktDSyR119lIt C}tlf9 88CUl8d d8bt OCaUr6 fOt BtfY T98SOn,n Wfll �-,' : . ' `� .�`
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<br /> ` ;i: Z,;CFatm,a'pgain�t 57�..Barrowar wIU pay sit texea.essosamarns.and othar chergee etUibirtabte tu ttu�pro ysrN Whan due eM v�ll Qafana fltie � ..- :t
<br /> ' � r `. to tAO Oropa c�aina;enN olslrnr�w�IcA waNd imAatr the Qen of thls dacd o!t�ust.LenCer may re4�+�a B�rrowet to aast9n enY dghte.ciaim9 or 1
<br /> .� .� dafo�sae�8amwe�insll havo e98tn5t Paril�s wha Bu�Ph►la�ar�r anatgaiats to Improw or malnratn tha R�o9ortN•
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<br /> F �.-� •; � 8,p7,�qiRtp.BortotY9r d�itl keeg tho property In3uncd tnsQer t9tma eea�iB to Len�r tit Bflrtotver@ e�enBe snd Tar lender'd ben�fit.AU `'.:-: ' "' t` �
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<br /> (nsuntrno poHCins oAafi Ind�arto o stenQardmart�e ctausa[rt favor of lendsr.Londar wt0 bo nsmed ea tosa payee or ae the tnsured an atry sucA =•°�
<br /> .?� 6a- ptied,�vitAin Lendnr's Eiscrotfon,m eFtlier tha restoratton or ra�aU o!the dama9gd ProPenY � ,�°. `� ': ,° Q
<br /> •• Ir�Wes�ae O�Ci!•MY(naurarq proeeads may sD r' °.'.�...
<br /> . �, ot to tho aesurad BeDt.(i LenCet tac�!rea moagage Ins�uence.Borrav�mr 8graas to ma➢�taln eueh Insurence tor as tong as i.endes cequUes. . • .x�`. ::�: .
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<br /> °,.�- 6.Dtays:rtlt Banov�6r w(U keeP�B WoO�tY tn good condfCan end make eD repaira waaonabht neeosssN• �r �
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<br /> _ - � .:� , 8.�Botroweie�rees to poy afl LQrsda�s �.�g' sesscnabTs etiomey�,teea.H Boaawer bseaks any�venams in tlffs deed -
<br /> ` . 'a<� of W$t or in any o0tigatfon aecwed by ttfTa daed o�1��orrowsr wIU pay�►ese amourtts to Lender as provtded tn Covenent 9 04 thTS deed at t r�� a�.. '
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<br /> ;� ._ . ,`�:. 6.Vetar 8�8�ereafa.lfitgs4 Borrowor ftrat obtIIir�a t,ontlare written consem.Borrower wm not make or permk any d�aziges to anY Drter �:,
<br /> ���•`. .. �seauity tr+tere Barrowet wm partorm aD at Borrawere abQgatfons under arry pdar rt+mtgaae, daed o!trust ar other seariry a�eemenL
<br /> ,� - � fietuc�ng 8orrowele eave�rtta to ma?c�pqym�i►rts wh�QuQ. ` � ;
<br /> �. � . ti 7•Asaku�er�t at�ter�ts m�0 Paofis.@armwer essigns to Lender tQ+e wrtta end profire ot ti�e OroD�Y.Untess�nowor end leMder have agreed " : <:
<br /> �:1, otherw�9 in writtng,Bortower may caltact and re�ain the reMa es[ong as Bar►ower is nnt fi defauit.H eorrower QefaNta. l.ender,tendafa � �...,, ;
<br /> ,� � agsrR,ai a pourt appotrrted�ecehrarf�ay take 9��ion and manage the property and coltec�tfie rents.Any re�Lender cnRects eha11 b� . �� -
<br /> ePD tte d f i t s t to t ne c o a t s o t m a n a g t ng t ri e�O ro O e n y, i rt c t u d i ng o o u c t e o a t a a n d e t W m a y s t e e a,e o m m f s s t o n s m r e n m t e g e rt s,e rt d e n y e t l�r ... �..,-;_ -
<br /> ;�...s;°..:�:: � c�eeossary�et�d expanses.The remainin8 ammmt o!rerns w ul then eCP�lt to Paymertta on fttie sec�uod debt as pmvtQsd in Cevenacrt 1. �`,t ., .;
<br /> - S.Laase!►a1Gs-Ccndarrds�uaia:Ptant�U�t Oe�Borrawer agrees to�mp Iy wlth the provisions ot enY tease it this deed o;trust ts on � ,-� -'- •�
<br /> ` a teas hotd.[�Mis Qead ot m�sc i�on a unit�a ndomir+Ium os a p�anne0 unit aevefopmsm,Borrower vn7i perfarm a1101 BorroweYe�dutles ___
<br /> �der�cavena�.Dydawa,or regutatior�s o ths candartJnfum or planned unit dcvetopmerrt. ' � , . .
<br /> � �,``• �'• . 9.Au@�arEty of lernter fli auform 4or Borra►ve�.If Bortower taits to ertoren eny of Boaawefa dWea under Ws deed ot trus�l.emter may -
<br /> � portarm t9is dutlas as csuae tl�sm ta ba perMrmaO.Lendsr mal►s�8��orrowers narrte orpay e�amourtC tf net�ssarl!fei 9erforman++�.it arry , -
<br /> constru�tion an eproperiq Ia disraottdnusd ar not oanie0 on tn e roasanbbts mffimsr.Lender may dn wfla�ver ta necessary.to pratect ter�der's
<br /> � •' secariry tMerest�the Orapany.This may hictud0 wmytr�fng the eons4ruetion. , ' _-
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<br /> . �. ten�s faihc�e to II�rm w11!nat�de Render fram exerctsin9 anV ot fta other d�uraler th�taw ar tAis deed of busL. . � , . .�-`-=
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<br /> Arn emou�pa[d tsy LsnOet to proteet Lendera sec�uity hsterest wiU be seaued OK tAts Qaed of trust.Sucfi amowas wD1!�e Que on Qemand --
<br /> � �; and wtil baar lntarest from the date ot ths P�M urrtil paid tn tutl et the irttarest�ate tn effeei on the sac�uaA debt , ' ,
<br /> z � •� 10.Defm�lt end QeetimatIme.It Bortower taf(ss to make ar►y paYmEmt whsn dua or break9 arryl covena�under this Qeod of tnest or acnt . *�
<br /> ° obtigatlon secured by Yhis Qeed o4 auat or sny pdor martgaBe a�daed af�Orust,tsnQe�may acceterete tAe madu[tY af tha seaued debt and �
<br /> , .�� -���. Cemand immedlate paymerK end r�aY����Pawar ot sate.and er►y otAer remadlps Oarmttted by appl(cabte law. . . . ��-- ..� } r,.�
<br /> ^ � � ' 11.Request tar NoSco ot DH�utt[t ia heceby�equested that coDtes oi the noticea of defautt an4 eale 6e serrt to escb pereon who is a pazly � ��±�,�
<br /> ��� hcttoto,at tha a�d�esa ot each such person,as set tortl�heretn. , 4.,�.-:� �
<br /> . ��,� ` •� �. 12.Powor oT Sais.H 4�a LanCer Invotces ffie power at eato,tha Tnistea shatt Hrst reenrd tn tAe oiftce of the register of Qeede ot Qacf�county ,�- �'
<br /> ' vfieretn the tr�st property or somo part ar parcei thereof ts sit�atea a nottce of Qetautt eontaiidng the tnfonnation requfred by Iaw.The Tnistaa� �r�:,��-:�
<br /> " • ��� � ehaU elso maU coDTes of�a noNee of Qefauit to the Bortawer,w eaeh person who is a RariV hersto,end to oiher persons as prescribed Dy
<br /> • � appllcaDie taw.Not lesa than one mortttf after tho 7rostee�ewnts the rtotica of Qefau:t or tWO morRhs It tha trust proDsrry ts not in 6r►y �'x'���
<br /> . lneorporatad city o►vi(iage arM fa used in taTming operaSoc�r�rried on by tfie trusmr.ttro'�nisteo shall ghre puhlta noUce of seTe to the persons �: �f, �,,
<br /> • and tr�the manner prascribedbv apppitcabte law.Trustse,withaut demand on Barrowat,sha�l sell�ha property at O��ia sueHon m tha highest � �r,,.;�w _.,_
<br /> � ,� � bidQeu It teQulred by the Farm Homestead Prot9ctlon Aot,Trustes shall oftar the property in twn separete safes as required by appUca�te taw. . , ., ; ;��p.:=.
<br /> ' Trustee may postpona oaia of aA or arry parcel ot tlle ptoperty by pubtic announcomeM at the tlms and piace af any previo�ty sehsdv�d eaia. . � �• �-�-� __
<br /> . . . LenQer m ite dosignoo may putchase tbe ptoperN et sny aeSa. . ,'~i;'.`� �-�
<br /> Uycn receipt of peVment of the pfloo d . .atne shel!deliver w the piuchaser Trusiea's 4eed conyp�I��tho prope�r The rechtets cpntained tn
<br /> ` Trustee's dead shall be prima facie e+�ce of Me Lrutl►of the statements corttained therein.Tn�stee sfieli appty thd procaeGs ot tt�e eaTo in the + �. _ _
<br /> a, . foltowing order: (a) to aO axpense• of tha eai0, tnctuding, hut not Iimited to, reaso�abte Trustee's tees, reasonabIa attomewa tees and , �_
<br /> • . r e i n s t a t s m e r R t e e s;l D f t o a U s u m a s e c u r e d b y t h i s d e e d o f u u s t,en C(c)t he b atance,H an y,to the p e rsons le goi ty entitted to reeeive ft. , � - ��='
<br /> � � � 18.Farado�.At Lender'8 opUon,this deed oi Vust may be fotecloseA in the manner provide 6y applicabts taw fot foteeiosura o?mortgagEts �•4"'-=�:
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<br /> . '. �� on reaf property. - _
<br /> ,:� � � 14.h�s�s3cBan.lender may entor the property to inspact ft tt tsnder s Borrower nottce betorehan0.TAe noUce must atate tl►e reasonaDfe p�"J�
<br /> , . causeTOral�ende�sinspection. � �-'�� --- -
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<br /> '' 16.Cart�.Trnnetlon.Borrower aasi s to Lender tho procaeds ot amr award or claim tor dnmeg ea connected with e eondemnation ar att+er teWng . • °�' _-
<br /> of etl ur arry pari of tha property.�uch praceeCs will be epptied as provided in Covenant 1.Thla essignmert la subject to the tetmo oi etry ptlor � �� ,;= --
<br /> , sewrit�►aflreamarn. . � ._ �' -
<br /> T � 18.Waive�.By ezerdsing any remad availaDte to Lendei;Lender daas not givs up errir�i8hte ta lator use on]I othar remeEy.By not exercising � , =x=M�°—
<br /> ' •� arry ramedv yvon BorrowePe dofeutt.�sAdar does not waive Qny right to teter wns�der the everrt a defautt tf R hapyena egain. '''�r':
<br /> , � �,.: . . s.�'brY--
<br /> 17.Jolrrt er�0 Several Ua�tty,� Co�atgners; S.ueeesaora cnd Aaal�s BaunO.All Quttee under thTa C�d ct buat are jotrtt artd sewral. Arry • '-y.�'�'"'
<br /> • Bortower who co-signa ttils deed of wat but doas not co-sign the undedyIn9 Cabt inatrument(s)t1�es so anry to grant and comrey that ' • �.�
<br /> �" 6orrawm's imorest in tho propeRy to tha Truatoe undei ths terma of tAia QeeA af vuat.In addkion,sucA a eorrower egroes that Ms tsnd�r and . ,
<br /> � � � anY othsr 8orrowec unQer�!a daad of trust may esReM,mod'�or make eny other chan es in tAe terms of thia dead of trust or the secured ,:�
<br /> •� �obt wtthout that Bortower's consent an0 wtthout reTeaging that Borrower hom tho terms o�this daed of trust.
<br /> ' � The Quties and 6eneNts of tNs deed of trust shall bind and benefit the successora and assigns af Lender and Borrower. � . • r �� � •
<br /> • • 18.Hotica.tlntosa otherwiae requUed by law,arry notice to Bortower sha11 be glven 6y delivertag ii ot by maiGng It by certiflod mail eddtossed to ' ' � •
<br /> � � ' Bonower ai tho proDerty sQQress or anv other address tfiat Borcower has givan to Lender.Bonower wtll give any notico to Lender by certifted -- •
<br /> • ma0 to LondePe aQ�rosa on paga 1 of thia Qoed of vust,or to any other addrass whict�LenQar Aae deal0namd.Arry ather nottce to londar shatl . ..
<br /> . � . bo seat w lendere eddress ea steted on page 1 af this deed ot uust. •
<br /> � . � My noUco shall Oo 4oemed to have been glven to Bonower or tender when g(ven in the manner stated ebove. .:. �
<br /> • � 19.trans"�af fho PtoQarty+or a Bonettcla0 6rterest In tha Borrower.if e.'t or any part ot tho property or arry Interest M it is sold or vansterred • � �
<br /> � without I.a�r's prtor written conaoM, tsndor mey demend immedi�:s payment of the secured de�t. Lender may aTso demand irtanedlate • .. .
<br /> demand pay qrrein the a6ovo situaUona i�It i9 Oro�ib ed by toder I taw as of the date of twh�ts deea p}o�aansterted.However, lender may not � . ; ,,
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<br /> �� • • 20.Roeomrayonee.When the obtigaUon secured by t1�ls Qeed of trust has baen pa10,and�ender has no tuMer obtigation to mako advanees . • . .
<br /> undor the instrumonts or o9roements secured by this deed ot wsL the Trustes shail,uyon written request by the Lendor,roeonvey t�o trust .
<br /> r�t propOrty.Tho Lander shall dotiver to tho Borrower,or to Borrower's successar in interest the vust deed and the note or other avldence ot the � � �� ��
<br /> � " .. obligalion so saUsfiad.9orcower shatl pay any rocordetion cosis. . �,
<br /> � � � � � 11.Suseass�� Trusleo. Lender. st lender's option, may remove Trustae and appoint a suceessor Vuatee by firet, maittng a copy of the
<br /> �' � � � substitution of trustee as requLed by appiicabte law,and then,bY fiUng the substitutlon o!uuste0 tor record in the oNieo ot tho register of deoQa � � �•
<br /> . • • of eaCfi eourrty in which the trust proper4y,ot some�ar!thereoT,Is situated.Tho succoasor Uustee,wiMfaut conveyance of the ptopetty.shail '
<br /> ��� • � � succeed to all the powet,dutiea,authority anA tit18 o the Trustae namad In the deod of wst and o1 ai►y successa uustee. � .
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<br />. - •� BANKEpS SYSTEtAS.iNC..ST.CLODU.MN 66301 It•800-397-Y3411 i0(IM OCC�Mi6NE 8It991 ' ..
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