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<br /> � on ths sedued debt wt�en dne. Uniess 6orcower end Lender agrae ot�erwise, anY r<F � ."�-,
<br /> 1. PaY+e�• 8orrower agseae to'aemke aU�Ymentg .;';`
<br /> paymorc�lenQer re�ivoa trom Borrower ar ar Borrowafa 6enefit will Ca epptied first ta e�y amnt�e°n°�r owes on the seaued delrt �" � .
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<br /> - eue[usWe of Irtt�eat or pHn��"paD�f�gsedeoOn�erit ur�itil��sea�¢ed 98bt i�p�at�d in fu�11�D�D�Y�at ot tka seciued de6t occurs Tw am►ceason.it xn'0 • �`,e
<br /> . • . nat�@dttt�or ex�se e�5► • _ �,_.-..:. .
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<br /> �{Sei BdrR6vYSR� sU ta�ms.assessmems.and otnet chaz8as aitr�'bum6ie w the property when due and v�11 defsnd titl� ' 4. 6 ,
<br /> �rry v�roWd impair the 6en of thfs deed a!trust Lender may reyuire Borrower to assign any�lghte.cteirtta or
<br /> ,` ..f L�o tp.�e G �°�t��/��� P�e s w h o s u p�N labor or meterlaia to tmD*ava or mairrtain the propartY. ` `t,}e,z�` `�..-
<br /> , detensa cRp.,.�c•.,. - � ,. �
<br /> ° 3.tru�rtee:BzrratiR6t wi�t�aP� ABnN uis�ued under terims a�eePtsble to Lendsr at Boaowet's exDe�ar eas{tl�iens ed o^ean�eiyt�s�d � t ss- �` '� '°�'-
<br /> ��} ,, it�rtca pptides sha11 Inch:dQ 8 standetd mort9a98apc�lause in Eavor of lender.Landor wiI!ba narr.�d as toss payee * s` :.--
<br /> �o tlis 6e�autted deb i If�4u�irees�mo�ttgaSa ins�t ren�BaROw�r agreee M mafr�iteir►suct��insw�ance�i e�s long estLe ec.ki�Qufres�A�► ti—( �}..
<br /> ,_ t�� 4,proportv.Bartower will keep the property in good candidon and maice aU repairs roasonably ner.essBiY. �� . � �
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<br /> `�� +:� 6.6�c�nsos.Borrowetag►ees to OaY all�Qer'e exDertsea,tnduding reasonabte attomsys'iees,it Borrower br�slcs any covenents in tfiis deed -
<br /> at wst or in any o4ligation searad bY this deed of tru�t.Bcrrower wHt pay these amoums to tender as pravided in Cover►ant 9 of this deed of ���„ �
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<br /> � . , 6.9tiar See�uitY(�e8ta.Uniess�orto�var first abtains lender's vvtRten con,ert,dor�mortgage�de a of°fuus°:o�o n►s'ea�►a�m°"�i`, i� -
<br /> � ,.� ' sacuriiY UReresm.Bortonrm wiU petfotm aA of 8orrowers obGgaUOns undet enY D -.._
<br /> .�.•� indudln9 Borrowefs covena�sta to maka PaV►nertts wfien daa. ..t t , ,
<br /> :;� . 7:qg��a�m p�Re�a end p�ofrts.Barrower assigns to Lender the recrts and Dro�af the propertY.Untess Borrower and Lender t�ava agreed L .M��
<br /> othe snnr�e in�wrWeB.BoRawer may wmitect end�etet�tha rer►ts as iong as Borrower is noi in deiautt.It Borro�var defauits.I.ender.Lendars c.,•',, _��
<br /> � �� `�''., ! BDpfi�ed firs�to thepao�s�of�agTng�t'�e pcoOertYB iadudan gd��ia�t r�.o�a dp�meys wtt�ect,�mm�ls�siot s m er�ital e�gdeerrts,a�nd erry�er
<br /> r � neeessaql re�����remalNn9 amowit of�rerrta�nn"U then apP�Y m O�s�on tlfie secured debt as pro+nded in Covenarrt i. __- __
<br /> 8 LeoaeJsatds�Cen4omtntumn•Flamtad UnIt Devefaymer�.Borrower agrees w compty witl►the provistans of erry teaseif tAis deed of trust is on , _-_-.-
<br /> a leasefiald t�thta deed of trust is on a unit in a condomfnium or a Osanned urnt devetapmer�t.Borrowet wiil perform a0 of Borrowefs duties _
<br /> .� �". . .. . under the covena�.bydaws.or regufattons of ths condominium or pianned unit devetoamanl. :' 'v_.-._
<br /> . 9.A�y��fl��perfonn fer ganawe�I!8ortowar fa31s to�yerfortn any of Boaower's QuUes uedar this deed of trw4�8�e►maf► ,c
<br /> : perTorm the dudes ar cause tAem to Ee performed.lender maY sign Borrowers name or pay enY amawt if necessery for pedonnanw.tf�U z __--
<br /> • consWcttun or�the yroparty is tGsconUtuted or not canleA on in a reasooabte manner,Lender may da whetever is neeessarl►to Protect Lendefs
<br /> securitSl imetest in ffie prope r t y.T h i s m a l►i n c i u d e m m F�e t l R 9 l t�e constructian. . ._.� _
<br /> • -_ ' Lender's tailure to perfarrn w�i not preeFuda lender from exercising any of its atfier�ights drtdsr the taw or dda daed of vuat• _ -
<br /> `� �s�,`+ , Any amourtts P�d W�et to D���d�?�����d ni�t�u il et the iTSrtee�drebte lt�afte�n�eear�d mbt�.un��u ee�an demand _ _
<br /> • } and will bear iraerest from the 0ate of ths PeYm D Y _�. _
<br /> `'`.I., �• `,.'-.��.� 10. Oetaide and AceetergHos�.if Bortawer taita to mmk�e 8a9ePof Qeed of ettust.L�iide may ac�cel��et�� urteaturitY ot tl�e seare debt a d �.-� � -
<br /> , .�.. - �.,t, . obiigation sacured bY thia deed af trust.Pt ar►y pria �t . V_
<br /> .`�4 demand immeQiat9 DaY�ertt 8nd may invoke tfie power oi saie ana atry atner rertsed'ies Permitted by appiicahle ta�v. 4 - ry--
<br /> � _�—
<br /> . :, : 11.Re�uxst tm QVoBce ot Qofautt.It is herebY teQuested that copies of tha na�ces of detauit anA sate be saM to each persan who is a Parhl p -,°—•
<br /> . hereto,at U�e aQdresa vf eacA sueh person,es set imth herein. � -
<br /> �y,pcwar oy Sate.lf the tsnder invohes the power of sate,tha Ttustes eha��f+rat recorG in the oNice of the re8�ater of CfleQs of eact�cou�tY _
<br /> wherein the uust DtoOenY or some part pr pazcel thereot is situated a nottce of Eefec:Tt corrtafnTn00r�i aM ot ottier OeBans es prerns�ed�Dy � _-
<br /> � shatl atso mail co0ies o!tfie notice ot defautt to the Borrawer,to each person+�+r�a as 8 8ari1►fi ___
<br /> a D D�i c a b t e t a w.N o t l e s s t h a n o rt e m o rt t h a f t er ths TrusLee recorda the notice af d�fautt or two matrths if the irust prapeRy is not'in arry _
<br /> '.-r;� incorpo r a t e 0 c i t y a r v i D a g e e n d i s u s e di i�'f a�inNg,o'p�e9 wi�aut ddeman d o B o�r r o�wer eeha l S e D t h e p D p�►�P b 6 a u c tt o nt w the phi g hest � `-;.,.mrn.
<br /> and in the ma+�er prescriCed bV_aDDD
<br /> "�:� �� biQde►.It required by the f-arm�tamesceaA P�°tection Act.Tw^tee shaft oftet the property in two seDarate sa as requtred by applicabte taw. `',,;��(`.'-�paa��
<br /> , ' Tnestee may postpone sale of elt or a�,i?parcel of the proDefi►by pubtic annv�mcemont et the tir.►e and Dtace ot any previousty schaduffid sa18. j,}
<br /> . tsnder or its designas may P�rchgse Cve proDerty at any satv. ,:A�,� ,�. -__
<br /> � � Upon receipt of paymeni of tho pflce bid,Trustee shetl QeGver w tAe purchassr TrusLaa's deed cmwayi�the O�oAen11•T�e recWats wntained in �. , . , :_
<br /> Truste9's deed shaU tra prima facts evidience of the truth of the statements contained theretn.Tnistee shatl appty the procneds of the sate ip the ,;_
<br /> ' t olt o win g order: (a)to ail expe�es of the sate, tnctuding, but not limited to, reasonabte Trostee's fees, seasonabie attoma�s tees end .;,r_•
<br /> retnstsUement teas;{b)to e t l sums se c u r e d b Y t h i�d e e d o f u u s 4 a n d(c)t h e b a t a n c e,i f a n y,to the Dersons(egatty ertitled to recehre it. . �!==
<br /> ,y. ::�s'—.
<br /> ��,,� � 18.Faree(osure.At Lendera option,thfis dead of trust may be tareciosed in the manner provfde by applicaDte law tor foreetosure ot mortgagos ':, ,c: , , . ;,g�.
<br /> • � .� on�eai property. � ' _-'.
<br /> . . � 14.tnapecfion.Lender may ertter tha propartV to inspect it if Lender gives Bonower noUee hefarehand.T Aa ne t iee must stete S�e reasonabte �:� �—
<br /> C8us0 for LenQere insyection.
<br />.,r ' �_-^T� -.arr-
<br /> 15.Condemnatton.Bortowor esai gna to LenQer the�roceeda of arry awarA ar Waim tar damagea connected,with a condemnation of other taking '•
<br /> �:� . of ail ot any Dart of tha property.Suct►proeeeds wil!ba appBed as provided in Covenant 1.Th10 assignmertt is subject to the terms at er►Y prtot .r(.J , -.�_
<br /> ;,� j;, sec�utty agreement. ,. , =T
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<br /> 1 `, � 18.Vltaiver.By exareising any reme availabte to Lender,Lender does rrot 8ive up any rlghis to laier use anY other remedy.By not exerciaing , - �
<br /> '. � erry rema6y upon BoROweYs Esfault,�nder does not waive any rtght to tater consider tt�e event a default it it happans agaUe.
<br /> � � �at���S��� �p.���; g�eos$are end AatdQna Bound. All duUes under this Eeed of trust ere joint and severa1. Am► -.. ___
<br /> • �orrower who co-s�8ns tfiia deed af wst but daes not co�sig�the unQerlying debt Insvumentfal Coes so on(y to grant and convey that
<br /> Borcower's interoat in the property to the Trustea under the terms of this deea oi trust.tn aQdfUon,such a Borrowe►agrees that the Lender and
<br /> any other Botrowe►undet this deed of trust may extend,moditv at ma&e anV other changes fn the terrta of this deed of Vust or tha secured ..
<br /> :,?�" ,� . debt wrthout that Bonowar's conseM and without reteasing that�orrower trom th�terms of thla deed o1 uust. : _ _ _
<br /> • The duties and beneflts of thta deed of trust shall bind and banefit tlie successors end assigns ot Lendor and Bonowea �
<br /> ' • 18.Notleo.Untess otherwise raquired by law,arry�otics to Borrowei ehall be given by Qelivering it or Ey mailing it by certifled ma(1 addtessed to � � � _ .
<br /> " Bottower at tfie pfo erty ad�ross or otha►addresa tfiat Borrower ha9 given to Lender.Bortower wiil give any notice to Lender Dy certiT,ed „ :
<br /> � easont to Lo ders�aa e°ss es�i i a o�''o seei o�is aeea of v�s�ar address which I.ender has designatad.Any other noUce to Lender sha(t
<br /> �. ,..
<br /> • � Any noUce shail be deemed to have been given to Borrowet or Lender when given in the manner stated above. :- �- •
<br /> � " 49.Transter ot tf�s proporty a o Benefielal hrtarest in the Bartowa.lf atl ar arry pert ot the propertY or any interest 1n it Is sold or trensterted . --
<br /> without Lender's prlor vurltten consent,lendor may demend immodiate paymem ef the secured deht. lender may also de�nand immediate . ,
<br /> . • . �a�nd 8�eng n theeebovo situaUons�it it ls piohibted by f deral law ee of the Aaste of this deedtof Vu t8nstarred.However, Lender may nct
<br /> dema D llm ..
<br /> .,,�.� 20.Raeonvoyaneo.When the obligation secured by thie deed of uust has boen paid and Leoder has no further obtigatton to make advances ,
<br /> under the instrumente or agreements secureC by thle deed o!trust,ths Trustee shatf upon wrriten request by tho LenQer,reeonvey the Vust .
<br /> • e note or otner evldence of the
<br /> ' • . obligatr ion so seUsidledeBorrowe►shatl pay arry rocordaUon�coste ar's suceessor in intereat,tfie vust deed and th :
<br /> 21. Succossar Tniste�. Lender, at lender's opUon,maV temove Trusteo and appoint a successor Uustoe by ftrst. mailing a coAY of the �
<br /> substitutYon o!uustoe as�equlred by appiieable law,end then,by filing the eubstitution of Vustee for recorGi�the oftice of the registet'dt deeds .
<br /> � of each caunty tn which the vust propony,or some De►t tfieroof,is situated.The suceessor trustee,wlt�out cornayance of the propetry,ahall
<br /> � succaed to ail the power,QuUos.author'rty and titte of the Trustee named in the deed of trust and of any successor Vustee. �
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<br /> � � ( BANREAS SYSTEM9,�NC..ST.CIOUD.MN 683C7 1180G397-2347f fORM OCC-HtT6NE 8It991
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