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<br /> ,`,•y\,. ' . ' 1.poymct�to-Borrower a0reas to maka aUpa ymer� on tRe seeured debt when duo. Untesa Bor►ower�i�.enda►affreo otlta�se, eny `�:f: , .. :,��
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<br /> •` < •��. P a y m�rt s I s n d e r r e c e t v a s h a m B o rt a w e r a r i o r B o a o+�e t'8 wUt 6s appfssd fitst to eny amol�nta Baaowar owss on tha sa�used d�bt " _. ',
<br /> �;� e�tclusive ot Uderest or ptindpaf.seeond to tt�[e�G t�fe toSi Del.t!p e rt l a!prepo�l t�a�o t t D o s e w r e d d e b t a c c w e t o r a r ry r e a s o a,i t v�i p
<br /> r:,;:• aot teduC�ar o�use arty sehad ed DaYMe�ity°�m►.�t:����De�in U01. �`' .
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<br /> �,t ; . 2.C f ffi m s A g a L�t 1 t Q t►.B r v v�C ff l�r�D�a x�s�t�e&4 m 9 R t�.b n d O t h e t e h a r 8 e 8 e t tr i D�s t abl0 to the�o p artY whsn due and w111 detelsd UUe c,
<br /> to tho proparty e�atr�t en7l etai - td impair•tNe lian of this deed of trust.Lender may�aquire B orrowar to ass igrt any r l g A t e.d a t m a o r r J .. .
<br /> <': deter�ses whfch�urcower may have againat Rardes who suPDN IaDor ar materiats to imPrave or maintatn the property.
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<br /> 8,(c�us�se.Borrower wfU keep tha property ins�ued�mder terms acceptabTe m lenQar et Borrowe�s expense and for Lender's�eneR�aU r�. .
<br /> ,, '�� � insutaneo potides shall induda a standard trenrtgage dause tn fawr of LenQer.Lertdar wiU bo nemed es toss'payea or es the ir►s�ued on anY sueh ti _
<br /> i��gn�poQ�y Arry insurence DroeseQ9 maY 6a apDt�eO.within I.endeYs d�saetian.to eitl�the restoreUen or repatr of the damagod prapertY ` —.
<br /> or w d►e seaired Qebt!!Lender nQuires martgage u�suranoe.Bortower agreea to mantain such ins�uanee for as long as lendar re4�rea "�;r, ,
<br /> r Y, 4.Pra�ariy.Borrowet wilt kaep the proPattV tn Bood condiUon end make aU repairs reasanabty aea9seary. } ' "`��`
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<br /> 6.6�ensea.Bo r r a w e ragr e e s t o p a Y a!I t a n Q e r's e x p enses inciudm g reesonabta ettomsys'teas,i!Bmravsar breaks any eovanartts inthia deed \ - ;���
<br /> ,.,r � , ot mist ar(n anY obCga t i on cecured by thts Qesd o!trust�rnovyer wiii pay tRese amovrrt�w lender as Drovided in C o v enant 9 o i M is d e e d o t 4 ` �. , j
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<br /> • `� 6.Pttos See�aity(�este.Untess Bortawer fust obtafns�ende�'s writien consenL BoROwer anU�at make or permit any changes to 8rry pri0r ���
<br /> � . �1„ ��6��pn��p��ai��o���eobiigatians uader any prfor mortgage.deed.ot trust or other seauity eqreement, . .�.. —
<br /> � ``� �.Aastgnmert af Re�mul Fmfitn.Borrower assigns to Lendes the rerns aad pe+ufiu ot the property.Unless Borrower anA Lender have e�eed � _T_-
<br /> othgrw�Se io wrlting. Boaower may callect end retatn the�erts as tang as Borrower Is�ot in defautt.If BoRawer de9aults,lender.Lendars �--��TT_ -
<br /> ••' r,� ' agerN.or a w�ut apAOiMed re�iver may talce possession and manage tAe property and cotteet the�ts.Ant/retrts Lender coltacts sfiaU 6� .+.,�,__�_—
<br /> � appUed first to the costs af managing the praDartY, incTudlng�caurt eosts and attomsys' tees.cummissions to�ental eg�esne,and eml other w:.�„
<br /> � necessarY related expenses.The rema i i�E n g amount of re�ts w I U thet►apRty to PaUmertts on tha seaaed�iebt as prov(ded tn C ovenarrt 1. �_.--�,:._ . :v,..-_.
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<br /> 8.Leaselrotds:CandomTntums:P�d U�dt Devetapmeme.8ortavreragrees to campTy with the provisions oi env tease if thLs dead ot oust ia an �� :-
<br />� �• fl`��.:' �;;�'= ���8 '���e��,�p�regutadon�s o�e w�ndomiini m or ptpaim�ed�imuit d veToptnent��Borrower w�l perfortn a►1 of Baaowera duHes . - _
<br /> 'y .� ';.�'',.,. 9.Anthoritl►ot Lender to Peticrm 4ar Barrower.If Bortower tails tope rfnrm any of Bartowe�e duties under thTs deed o1 trus4 Lender may R
<br /> perform tha d�mes ur eause them to 6e perfarmed.Lsnder may stgn Horrowers nama or any amount if necessary tar pertortnance. If any
<br /> • `'�'' , ser�ir tere tnethe P Defit���ne�tude m��C1�e�dt�ig�e�n�str�u e�Nonmenner.Le er may do wt�stever ia nacessary to Proteet lendera _
<br /> ' Lenders faitiae to pe�fonn wiU not preciuds LenAer frorn exercising a�ry of its oMe►+lghts under the taw or thfs dead at Uusr. ¢"� —
<br /> `5' ' ' My amouMe paid tsy Lender w pratect Lenders securitY lrrterest will6e secured by this deed ot trust.Such amourtta wi i!be Que on deman d _
<br /> ��`�.�'• an0 vlill 6ear imerest itom the date c!tha paymertt unL'1 paid in tuil at tha icmerest rate in�effect on the seaued det�t.
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<br /> 10.Detmilt 8nd Aeeetma8on. i#Borrower faits to make acry Daymer►t wfien due or brealcs any wvenartts under tfiis deed af uust ar arry
<br /> o6ligation secured by tNs deed ot trust or arry pHor mortgage or deed of trusL LendBr may acce�erate tfie maturlty of the secured detst end ___--
<br /> � demand ImmediatB psymetlt and may invalce the powe[o}eale etid any athar remediea petmitted by appiicabie 18w. � - -
<br /> � � ��' f tt.Rcquest.for Notiw ot Delauh.k ts hereby requested that captes of the nottces of detault and sate Ce sertt w eact�parson who la a parry � ""_- -
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<br /> hareto at thB address oi eaeh such Derson.es set tonh herein. • ' � -----.
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<br /> �• ~ 12.gorvai of SeTe.tf the LenQer invokes tha pawer at sate,the Trustea shall flrst record in t�s ofHca of the re9ister of deeds of eaeh county . �
<br /> whaTein thg trust psaparty or some part or parcel t}�ereof is siGiated a noUce of defauR conta�nlng the i�armauan required by law.Tfre Tirustee
<br /> -;r sRari aiso maii ccpas of the�otfce of defauR to tt+e Bonowe�.to each person who ia a parry fieTeiv�u��V LO OLfI@�P8f80I15 88',.��,sattsad�t �- --- ---
<br /> � ",_; a�p1'icabte law. Not tess than one mornh after t3re T�ustee►ecorQs the notiee of defauit. ar two months"�r�he trust propetty 1a not�n any � — _
<br /> ' i�rporated city or vittage end is used in farmtng oABraUons cartied on isy the trustor,the Tnutee shali gtva Ri.ZSc noti�e of safe to the peraons . ,,_r___.;
<br /> and i*.t the manner prascnbed by appplicabte law.Tiustee,without demanA on Bortower,shalt sall the propertv at Dub�ic auction ta the highest -17 = ___.
<br /> {", hidGar.ti re4uired by the Farm Hom3stead P►otection Act,Trustee shail oHer ths praDeRy In 3�ti�separate safes es�equired by aDA���b[e law. �_ - --
<br /> • •�:� TniStee.maY CoStDona eate of aU or anyr parcei of the propeRy by pu0lic announeemer�t at the�s and plaee of arry prevfousty scheQuled sale. -
<br /> �+•�`;',� ' ' Lender oo ite destgnee may purch3se the property at any sata. ° °° -_• `
<br /> ` .•c.; Upon receipt of pavm ent ot the price bid,Trostea shati detiver to tha purcheser Trustee's Eeed conveying ffie praperiy.The�e�tiata cornetaeQ in � �`:' _ _
<br /> ' Trustee's deed shall be D�ma facie evidience of the uuU�ot the ctataments eontained therein.Trustee shall apply the proceeds of the eate in the � -�xx -_—
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<br /> toitowing order. (a) to ell expenses of the seie, inctuding, Aut not limited to, reasanable Trustee's teas, reasonabie attofne�s fees and �o �,�a
<br /> � reinstatement tees;Ib)to ali suma seaaed by thts deed of trust,end(c)the batanca,if any,to the persons Iegally entttfed to recetve it. � �-- '�' -
<br /> ,��,.•'�. . ,,•;1 13,Fosedosure.At Lender's opUon,this deed of trust may 6e forectosed in the manner provide by appIIcabte taw for toreet�ssure ot mortgagea € .` __
<br /> ,. on real property. J -
<br /> � � '� 14.Ina�oeflon.Lender may enter the propeny to inspect it if Lender gives Bor►ower noBse betorehand.The notice must state the reasonabte � �,- �_
<br /> � , eause for Lendafs insDection. ''`"'�'�"'"_`-------
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<br /> �;; tg,CanQamnetton,8orrower assigna to Lender L`��roceeds ot any awarA or etaim for damag es connected�vi�:a condemnation or other taWng ,
<br /> ' of a(1 or any part of the properry.Such pcoceeda wlil be applied as Drovided in Cavenant 1.7hia asstgnment is subjeqt to the terms of any prfor �'•
<br /> � r..�; sewrily a9reamem. I-: r -_
<br /> � �; 18.WaSve►.By exerctstng any remadv availa�(e to Lender,lender Gaes not giveup amr rights to fate�use anv other remeBV.By not exercising �• �, - _
<br /> ' any remedy upon Bonower's defauh,Lender doea not waive any right to tater cm�slder tlie event a dotaNi if it happens aga:a. '�" _ .
<br /> � � � 17. Jofnt and Several UaD�; Casignara; Sueeaaaoro and Aasigna Bound. At!duties under this deed of Wst are joint and severel.Arry ""
<br /> ' ' Bor►ower who cdsigns this �eed of mrst but.does not casl8n tha underlying debt insvumer►tls) does so onty to grant an0 comey that
<br /> Bonowere fiterest in the property to the Tru9tee undar the term�fys of thia deed oi trust.tn edQiUon,such a Bonower agrees that th0 Lender and .
<br /> • � de�t�wnhout trtt�iat Borrodwer siconseent and witliouYt r te ea Mg that 13ono�r from the terms o8f this d ee d of Vust��deed of uust or the secured .
<br /> ' � ' , . •. The Quties end 6e.�eefits of this dasd of vust ahalt bind and benefrt the successora and assigns ot Lender anA Borrower. � _ ' � '
<br /> `+�.;� .� - 18.IYoUee�Untess otherwtse reQuired by taw,any notice w Borcower shall 6e given bY detivering it ar by maifE:.g it by certified mait addressed to �''
<br /> � ' �;_�.. Bortower at the propetry aCdress or any othet adQress that Borrower has�iven to LenCer.Borrower will giva arry notice to Lender by certitiod • �4'"�5,`
<br /> ;;;� . • . maii to LenQer's address on page 1 of this deed of trust,or to any other address which lender has designated.Arry other notice to Lendet shnll " ' ,
<br /> be sent to lertdar's address as stated on page 1 of this deeQ of Vust. . .
<br /> � �,: ` : • Arty notice shall be deemed to have been given to Bonower ar tsnder wflen 81ven In the manner stated above. � ' ' : '�
<br /> � 19.Transfa►ot the�opotty or a Benoflclal Iritetost ip tho Bonower.11 all or eny part of the propertv ar cny irtterest in it is sold or ttansterre0 : •
<br /> " ' withaut Lendet's prior wrltten consent, Lender may demartd immedia4e payment of ths secuted debt. Lender may also Qemand immediate •- .
<br /> � demand pa►m en6in the eb+ove sttuatlon9r tf if ie prohibn 0 by tedeial law as ot tho d Bo o!this dead�of trustansf6rre4. However, Lender may not :
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<br /> i 20.RoconVeycnee.When the obl�gstion socured by thla deed ot truat has bean paid and Lendee has no turthe►obtigation to make advences , . .
<br /> ' � undor tho instruments or agreementa secured by this CeeO of trust,the Trustee shal�upon written request by the Lendet,reconvey the trust
<br /> property.The Lender shall deliver to the Borrower,or to Borrcwer's successor in irrterest,the Vuat deed and the note or other evldence of the .
<br /> � , . obhgatian so satisfled.Borrower shall pay any recordation costa. �
<br /> � " 21. Suecessor Trttstoo.Londor, at Lender's o�Uan, maV remove Truatoo srtd appoint a successar trusteo by firsL meiling o copy of the .� .
<br /> � � ? suhstitution o!uustoe as requlred by appticable aw,and then,by tifing the substitu8on of trustee for record in the office of the register ot deeds .
<br /> • � : of eacr eounty in whlch the trust property,or somo Cart thereot,is situated.The successor trustee,without Co4vayance of tfie property,iehelt .
<br /> ��� ' suceeed to att the power,QuUes,authority and title of the Trustee named In the deed of Vust and of any succe$5or Vuatee. .
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<br /> � � - � OANICEAS SVSTEMS.�NC..5T.CtOUD.MN 68301 IU800.397�23411 iOfiM OCP•M16NE 6119191 � '
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