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<br /> 7. p�,gorrower ngroea ta make at1 QayTnerna on tho cewted debt when due. U�►oss Bonower and dei s�eo E , r �
<br /> paymonls 6anQer recoivee trom Barra�rvar or;ar BartowePa eonafl!wlll Ee apDtiad fUat t°anV el►�aur►ta Bortowor ow�on the eecured de�bt c, 4 ;
<br /> ? ro 8 [n of ffi9 BBLwOd dGbt oCeurs tar any retisoo.it wtU •
<br /> ' • �,4 exaNsive at inGSrBat oi ptinCtpal,eeeand to(rttCtElst.end thon Lo ebt is�Da d in t�uD�D D Y� � :�,. , .
<br /> t ttOt tOdU�0�O.YGUS3 elry Gd1@dtdOd DBVM�M '.��_ _ ��-•••
<br /> :�-r Z.6S�sst� �'r�s4 T[Q8.Hotrnwcr wlli psy a F �e�ti����tsd 6thar�argee attriLuta�te to tl►B pfaperty�due and wfU dofsnd ti�te ` :� ` , '
<br /> �� ' to�o p►o P e�tv 8�tn�t anY ctaima vvhleh rro d o �'��m��a������oi q aI�Bthe P ropeitY��anV���e,cfafma ar �� .
<br /> �•�� �' Eeter�su9�nrPiteh gerrowor may Qavo aaainat +��2Ct�R;??► , r,. . '. °' . :• .
<br /> ` ," �' •`� 8.6�maIIneo.8artowor uw'D ke�ap th0proportY trtsurod undei tQrms ccayl�ta�Cb L�rt�ar at 8orrowe�e exnenso and for Lender'a benef'd.All s:�•``..' `, ;:;`•.'
<br /> in�raneo Poftetao sl�aA irtdudo e standard mort�ago ctause in t vor at Lendor.lender�e�ier�de�ia�nnem�reA�ot tl�et daromeSeA p aAertt► ��r� ;::.�_� :'. `,
<br /> y . tn�uastee DoAafl•�1I insuranee R���may 6��pptted.�Lender's disaetlon, -
<br /> or to thq saeurod do4t-If l�nQar ceQuUes rt►ortg8g9 tnsium+w.6otrowflr egrees to mettltain such insuranee tor es tong es Lende��eqvlres. .
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<br /> . ,.�•; . 4.RaycrN.BoROwer r�Ul tceep tAe OroAenll In�good eond'itton and meke si1 repaite reasona�ty necesaerl►. ,. .. -
<br /> �_�� �E y�fl n s e(n�ower a ee�ure dy bY t t l l 8 d e e d of�tr u s�9�O r r a w e i w 1 1 1 p a y d�i e 0 s e e�t n ouns to�Lsnder�aa provFded in C<svenant 8 o this deed o�f ' � . L
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<br /> � � 6.Pdot SeeuitN Infaroa4e.Untgsa Bortawer fUst obteins Lendefs writce�eonsert4 Hoaower will noi make ar permit enY ehan8e8 to a�►1►D� , � .
<br /> searity Iqteresta 6a�rowe►wiU Derform a0 ot Borrowet's atrllgatians under any qrior mortga8e,deed of trust ar othar securfnl agreemert. •: ,�
<br /> � � incNdtn9 Barrowers cnvenants to m a k e PeVm e r�v fi e n d u a. _ ` .
<br /> . ..�� Untesa Bortower and Lenfler have ag�ead `� , ,�«
<br /> • "" �f e in w�n 9�a�o u+r e r rt�a l l�tt a e t eatnd Sie�n tphe re�e�s Wng a�Bon�ow�e oi thoi i�n d�efauit.if Borrower defaufts.LenQer.Lender's }• . .���_
<br /> J. ` .'.��� .: agert,or a eoiat eDD������mgaY�Oo�sstow and mane8e th9 proDe�hl e�d co t le e t t he�e�t s.A n y r e M s L e n d e r a o U a e c a chall be :. �,
<br /> neA�i�[et�0 exd�e�Ths remafn[�ng8a�in�o��f iertts wiu tt�isn�1Y m OaNme�o tltiee�sa�d debt es ptovide�d�inABCovenant 1�other � � _:
<br /> `' "� � I�� p���' �{,,��.,�*/� Barrawar c es w co 1Y�iM tha provtsians af eny lease N thig deed of uust ts�on - -.
<br /> `. ^', ���WI��fW�Y�Od.V�Y�YOrW`�I� eve[opmern�Borrcwar wifl partatm a11.of Botrowefa duttes � -_.
<br /> �, a leasetiotd.�F ttus asee ot uust ta on e un�t tn a condomtntum or e p�annar!�tt� —
<br /> . � �der tho covena�rts.by�(aws,or regicletlons af t3se eondominium ar plartned anit devet�Amertt. `- }
<br /> � 9.AuBiafity ef!�tn Perfasret tm BmrqY+es.If Bortawer taits toy aA�e 1►nam�os�9��►enY a�ma�ff eee�t i perf��na�neeeN any , � ' • __
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<br /> pertortn the dutIes or cause them to 6s pertcrmed-LenQe►ma1►eign 60 '
<br /> - .. g e�t�naazest i�n the�a�ert5►•�n+�dude eompteifi9 tl�e�n s u�u�c d n n m��Lender maY da�nrhatever is�ecessaN to Protect Lendefs _
<br /> ` � LendeYs iaiture m perform w�1 nct Practuds Lertder from exercisin9 arry o f i t s o t h e r rig h t a un d e r t A e t a w o r 4 l�i s d e e 0 0!v u a t , f ; _ - _
<br /> 'u�` f pav amounta paid by LenQer ta prateet Leader's seaaity irtarest rnnll be seaued.by ttds dagct af uusi.Such smoums wll ha due on deman0 �
<br /> , •„� ±` and wi0 Eeat irterest from$e dete of the paymeM urtbl Daid in t�91 at tAB'rtterest��effect on tt�e sacured da(rt.
<br /> ; , td.De4auft are�AeeeteraHas�.If BoROwer taiis w matce any payment when due ot C►eaka any t�renar�under Ws Qeed of tiust ot ern/ :. '
<br /> o6figadon secured sy this Geed o!Wst ot any prior martgage ot deed of trus4 Lender maY accelarate tha maturity of the secured debi and _ __
<br /> �.,�,. � demmid tmmediato peymerR and may inwka tfis p�wer of affie and enY other�emedies petmitted�1►appUeab�e law. : - _
<br /> •- �-� � ��.������agyp Q}Qe{�.R ts hereby requested that coAies ot the notices of defauh and saie be sem to each Derson who Is a party _ —
<br /> ' hereto,at the address af eacA sucN Oerson,aa set fdrttf herein. . �
<br /> � •' � � tg.pawer af Sdo.[!tl�e Lendet imrokea the power of Baie,tha Tnistsa�aU frtst record b the office at the regfster of deeds of each caurrty
<br /> -__ ^ .. ., � wh8retn t�e Uust ptoperiV ar eome Dart or p�ee1 thereof is situated e nc�+�oi defauit cornaining���ooffiar pe►8 ns a�s v�re�scribed bY . � • ".T--
<br /> sAaH atso ma0 coPies af the nottce of detauit to the Borrower,to esch person wfin Is a pariy h ._�:__
<br /> � eppHesbtO!ax►•Nat lesa than one anartth efter the Tn�..e reeords tha notiea of defauft,or two momS�s if the�sst P*aDe�S►is not in any
<br /> � ineorporeted eity or vHtege and is usnd tn farmirrg o or�s earried on by the trustor.ths Trusiee ShaU give pu66c c�ef 88te to the persana . ,��;,�,�. - _-
<br /> b ddeF�Itf tequtred by tlre Fartn liomppes�a4 Protecdon A�.�e sha8 oNei�ie pr Den1f(n two eP�����TB4�ited bV app��bie�law �5e ---
<br /> � Tnistea may pos�one safs of aIl or any parcef of tfie propeRy by pubtic annauncemarrt at the tima a�3 t�a�e af ar►Y PrevIously scheduled eate. ,, � �l,
<br /> '� �•, '� Lender or ite designe9 mey pt�rchase tl►a ptoPertY at arry saie. ::' � :.
<br /> ` . • Up�n teeeipt of paym errt of the prica b2d,Trustee shaH deUver to the Ourchaser TNStee's deed camreYing the praperty.The recitiab coMeined in �''R.. �_
<br /> ' , Ttustea's deed shau be prima facia svidience at the wtt►of the statemertta coMeineA G:xrein.Trustee shall appfy ths proceeRa ot the sate in the r•J{� __
<br /> ' �� . '' `:; (ei�ons atemen etees;�lb t) o a SB�ee�ea bv�n�s a ea o��si and tc)tmhe bala�nce�enY.bto�+a Perso�s t8gaily eri deb0�t ere��e vek tees and --
<br /> • � 19.Farecfosuro.At LenQer's optlon,tfita Qeed af trust may be foredosed in th9 manner proviQe by appticable taw for foredostae of mortgages � ..,,�,•'.: R�sa
<br /> . . on reat propertY• — � '`�,:
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<br /> � tq,(na�setian.Lender may enter tha property to inspeet it it Lendar gives Bartower notice Oeforehand.The notice must stete the rEasanabTe : ?�-
<br />_"• .� cause Tor Lend2r's inspection. , �'�""-�,,-_
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<br /> '.:"' � 1b.Condomnatton.Borrawer essi ans to Lendar theproeeeds of any award or claim(ot Carnages conneeteA w1th e condemnation or other tehin9
<br /> ' .[, of a11 or arry paR of the D�o0e�5►•5ueA Oroceeds will be eypiied es Drovlded in Covenam t.This essigitrnent is subject to the terms of any pflor � -_;:,�Y,;�_
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<br /> 18.4ye5�•8y exe►eising any remedv avaftabte to Lender.Landar does not give up enY righi8 to tars use any othar remedY.BV not exetcising _
<br /> ar►y remee,*upon Bonower's QetaulL Lender does n�t waive any rigM to later conside�the eveM a C�a`tautt(f it heppens again. �^_
<br /> a• � � 17.JoUit sn0 Sevamf Ltnb�i: Co-algners; Suceoaso�and Aaslgr+e Baund.A11 d��s�mder this Qesd ot uust are jaint and several.My • .�.;r_:x
<br /> •� � .. Bortower who co-signs ttils eed of trust but daea rtot casl8n the unAe ng de`: +nstrumerrt(e3 does so onty W grant and convey that .. ,
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<br /> Boyrtowe�s ir►teroat in tho proparty to the Ttuatee under the torm�ys ot th(s Qee�oi trust.ln additlon,such a Bortower agrees that the Lender and
<br /> ;•,. �• � � debt��et�Bonowers�r.onsent end u�vlthouYt to�teas ig U�iat Boirow8ei from tl�e iertns o�nis a eeotoi uusi�'is aeea ot uust or me securee _ .. -
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<br /> The duUes and benefits of thfs deed of vuat sha1161n4 and beneflt the suceessore and ass(gns of ler.d�and Bonower. �
<br /> ; .,.., .. 18.NoUeo.Uniesa otherwlse reqedred by taw,any noUee to Borrowet shali be given 2�,v delivering R or Dy mailing it by certNied mait addreased t.� '� , . �
<br /> Borrawer at the praportlr address ar ar►y�othor addresa tAat Bonowor has Ai�en to L�der.Borrower will give any notice to LenQer by certified • � ,
<br /> . . be sent t�nde�s adQ ess ss88teted o D 9e 1 of tthis Qeed of tru�t. er address vuhich Lender has clasigna[ed.Any other noUoe to Lender sha;t . .
<br /> Any notice ehall be doemed to have boon glven to Bomower o�Lender when g[ven in the manna�statad above. � �_ , '.
<br /> � 18.T�anster of ths�ropoRy ar o Benafle1a11rftGreat In ffie Bortower.M all of any part of the property or any interest in[t is soid or transtened '� :: ; � :
<br /> wit�out Len�depr's prinr wcitten consenL LanQer may Aemand immediate paymerR ot sh0 secured debt. lendar may aiso demand immediate
<br /> ; Qemend peym'enBin the abov i situatlons�I1 it is Rr�ofiORed by f Qeial taw ea of th 48t�f t�hels deed Of or�tensterted.However, Lender may not . .
<br /> 20 Raconvoyaneo.When tfie obiiSaUon socurod by thie Qaed of trust has bean patA and Lender Aas no turthor ob►igation to make aQvaneea •
<br /> ' ' undor the insVumeMS or egreemerrta soeurod by lhis deed at trust,the Truatee shai�upon wrlaen requeat�tho Lender,�econvey the Vust . .
<br /> �. property,7he Lendar ahail deiiver to the Bar�owev,or to @�rtower's suceessor in interesL the Uuat deed and t e note or othor evl0ence ot the .
<br /> � � � • oblig�Uon so sat(sfted.Borrower sha0 pay any racordation costa.
<br /> ' 21. Sueeaasor T�usteo. Lender, at LenQer's opt�on, may remove Trustaa end aDPo�nt a sueeessor Vustee bY tirst, maipng a copy b4�the '
<br /> • � , ,� suhsUtudon ot uustoe ea requlred by appticabte law,and U�sn,Cy filing the eubstitutio»of Vusteo for reeotd in tho oNico o}the register of.dflads . ,
<br /> of oech caunty in+M+�cfi the vuat oroparty.or some part theraof,is s�tuated.The suceossor uusteo,without conveynneo ot tho property.�shali „. ,.
<br /> � suCCeeO to ell tho pdwor,duties,euihority end dtto oi the Trustee namod In the deed of trust and of eny succassor nuatee.
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<br /> BANREH9 SYSTEMS.INC..ST.CLOUO.MN 66301 It•800�397•23011 FORM OCP�MT6-NE B/1991
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