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<br />_,;���� COVENANT� '� . , • . --
<br /> • 1, P�ymMt�. Borrow�r apn�■ to m�k� ell pnymsnt� on the �ncured dabt when dua. Unleu Horrowsr �nd L�nd�r spi�• othe�wl�a, �ny
<br /> _-�*;:.�� p�ym�nt� I.�ndar nceiw�trom Elorrow�r or��r Barrow�r'� banefit will b��ppli�d itr�t to �ny�mount� Borrowsr owes on the securad ds6t
<br />,,.;2y,:,"�� exclu�iv�of Intereet or principal, ucond to int�re�t, �nd then to principal.I}p�rtlel prepeyment of the�ecured debt occurs fo�eny reeoon,it wlll
<br />-••:•�-- not nducs a�xout��ny acMdul�d paym�nt until ths��cund debt Is p�ld In tull.
<br /> ;�='�"`'��i
<br /> ' " Z.Gaimr Ay�knt 71e1�.Barrowsr wlll p�y rll t�xn, ����umsnt�,and oth�r chupe��ttnbut�bt�to thsprop�rty wh�n due�nd will defsnd tltl�
<br /> "��.-',tu•' to th�pro�rty•9N��t�ny claim�which would Impak th�Il�n of thb d�ed of t►ua.L�ndsr mey nquiro Borrow�r to eulQn my rlphU,claim�or
<br /> �.-a►{�• d�}���which eorrowa m�y hw�ap�ln�t p�RN�who wpply I�bor or m�telal�to Improw or msint�in tM proputy.
<br />•-----�r:�: .
<br /> •r, ' 3. Imunnc�,Rlorrower will keep tM prop�rty intured under terms�ccept�ble to Lendsr�t Borrower't expenee snd tor lender'• benefit. All c
<br />-�y;• ' Inwnna p011c1e��hall inckid�r tUnderd mortp�p�ol�u��In favor of Und�r.L�nai�r will W named ac locs payoo or as tha Insured on eny euch
<br />—���_—,,.,.,,.� or to tM�iiurid dibt�If Lindcir riquiii�mo+rtpiQi Iniii�nc�k BorrowBrapriii to�miintsin iuchhniurincittor ii long ii LiiMid�r�iqulns���ty
<br /> —�� 4.hop«ty�Borrow�r will kap tM proparty in yood conditlon end m�ke�II repaln n�sonably necs��ary.
<br /> -"� 6.Exp�n�N.Borrowar�pro��to pey sll Lsnder'�sxpmse�,Includinp reatonabis�ttorney�'tee�.If Borrower bre�ks eny covenmts in thl�de�d
<br /> �' � •.c of tru�t or In�ny oblip�tlon��cured by thl�d�ed of tru�t.Borrow�r will pay the�e emount�to L�nder a�provlAed in Coven�nt 9 of thl�desd of
<br />:�''��'°='�" trutt.
<br />'1icS!��'` e.p�iq a�qKf2y IMe��t�.Unles�Borrowsr(ir�t obt�in� Lmdar's written conaent, Borrower will not meke or permit my chanpe� to any prlor -
<br />-=a�rvf�;; security I�t�raau, Borrow�r will p�rtorm all of Borrawer'� oblipation� under eny prlor mortqepe, deed of trwt or othar tecwlty �preemsnt,
<br /> �-- << Includinq Borrowa'�coven�nt�to meke p�ymsnt�wMn dua.
<br />.:-�_�-¢�'�
<br /> � 7.Aa�laxf�t of R�nq�nd Pro}It�.Borrow�r udpm to L�nder the nnt�end profitt of the property.Unlea�Borrow�r and Lender h�v��pn�d
<br />°��3" otMrwfie in writinq, Florrowsr m�y eoll�ct�nd retain the rent�u lonp �� Borrow�r Is not In def�ult. If Borrower d�f�ufts, Lender, Lander'�
<br />-"•�'� �p�nt, or a court�ppolnt�d r�cdwr may t�ks possualon and manaps tM property�nd collect the ront�. Any rent� Lender collectc thall be
<br /> - - niciisivyadated xp� sn ei tThe r m�ininp imount of renti will ihen ipply to peymenti on the iecured debt ei provided In Covenintd'�ny other
<br /> y-���� 6.Leu�F►aldr Caodo+ni�ium�;PI�+x�+1 Ud4 Ds��loprnsnb•Borrower e reee to comply with the provl�iona of any lease If thia deed ot tru�t is on
<br /> "`` �la�s�hold.If thb d�ed of trust is on�unit In� condominlum or � p9enned �mit development, Horrawer will perform all of Borrower'�dutie�
<br /> �"��m2z..• und�r th�wvernnt�,byI�w�,or rpul�tbn�of the condominium or plannad unit d�wlopm�nt.
<br /> '�"w'�� �,Autl�odty uf LK�to ��rfcxm fa�a►ow�r. If Borrow�r f�Il� to rform rny o} �orrow�r'� dutie� und�r thb d��d of tru�t, L�nd�r m�Y
<br />-,,;_,. form�nce.If any —
<br /> ° _"�_ p�rtorm tM dutMi ap c�us�tMm to l»p�rfwm�d. L�nde m�y�tan rowsr'�nams or pey�nY�mount If rNC�cary ta p�r
<br /> iicurity in Hfittln tM ao�portl YdThis m+includ�e complitinp thi canitructbnmmner,Lender m�y do whatavu li n�as�uY to prot�ut L�nd�r'�
<br />';;,7�� ,.
<br /> W���_�— Under'�i�Nun to periorm wfll not pnclud�L�nder from�xerclilnp�ny of it�oth�r riQht�undsr tM I�w or thle dced ot tru�t.
<br /> _.:.i
<br /> ::�.,g�� �nd w�bix In,wiii from thritd�ioot tM pWm nt untll pildtln full it�th�i Int�r�triti I�eff�ic�tdonftM iicurid debt unt� wlll M du�on ems
<br /> 19'-'-� 10. O�f�ult�nd Accd�ndoe. If Borrow�r fafl�to mak� �ny payment when due or bro�ks �ny coven�ntt undsr thls dnsd of tru�t or any
<br /> — dimind Immidii paymintindd m�y Invok�tM p�owK of iile e�id�iny otMr remsdleidpermitted by sppllciMi liwurity of the �ncund debt �nd
<br /> --_—_-- jwr�c,itt�lNraiiddr p o1 qch woh per on,ii'ut forth MnIn,�4F����f thw nntl�w�n}d�}auk�nd�da ba tmt to ach D�raon who I�a p�rty
<br /> �� 12, pow�of S�M.If ttw I.�nde Invoku tM pow�r of ul�,tM Trwt���hall ik�t ncord In tM oftic�oi th�nplata cf ds�d�of��Gh county
<br /> wMnln tM tru�t prop�rty or some p�rt w Parul tMrso}1�sitwted�notics oT d�fwk cont�Inlno tM Intormatbn rpulr�d by I�w.TM Truat»
<br /> shall �Ito m�ll copN�of tM rwtic� of d�f�uk to th�Borrow�r,to ach p�rson who I�a pa►ty h�►�to, �nd to otMr p�rwnt�s pnscxlb�d by
<br /> appHc�bN Nw. Not I��e tlu�n on� mo�th �kw tM Tru�tse ncord�th��otla of d�f�uk a two montha Ii tM tru�t prop�rty I�not In �nY
<br /> fnco�pont�d cNy or Wllap��nd I�usM In frminp o atbns curl�d on 6y tM bu�ta,th�truttN sh�ll plw publlc notic�of s�l�to tM p�rsons
<br /> ---�— W�ddir.tlhf�r,qulre�d by tM�Fidm Hom stiad��otictlon�ANCt,Truitii ihi o fi ntM aq�rt'yshn two�iipuiti i,Ni ii riqukid by�appllcihN liw
<br /> ' � Linds~w Ri diib�i may�chi e ths pro�perty athi�ide�by publlc�nnouncam�nt�t tt►�tlm��nd plac�of�ny pr�vlou�ly�cMduNd�*.
<br /> — Upon nc�1pt of p�ym�nt o}tM prlw bld,Truct�e shdl dellver to the purchusr i'ru�t��'�de�d conveylnp tM propsrtY.TM rocklals contdned In
<br /> ---- Truste�'�d��d ahdl be prlms i�cM evldl��ce of the truth of the tt�tement�cont�lned tMrsin.Trust�e�h�ll�pplY tl»Mouad�of ttw�N�In ths
<br /> rilnati�imint fi�i��lbl to�NI i mi sicund by thls�desd of�trustuend(c)I her bal�nce�If any tto thi perion�lepilly intltlid to►��Ivi�t•f��� ��
<br /> 13. Foneb�w�.At L�nd�r'�optlon,thl�dNd of tru�t may M foncbsed In th�m�nn�r provW�by�ppllcsbl�I�w for fonclowre of mortpap��
<br /> ----- on nN prop�rtY•
<br /> 14, krp�etlw�.L�nd�r m�y entx the property to In�psct ft If Lender Qlve� Borrow�r notic�beforshmd.Tli�notln mwt ot�t�th�ra�son�
<br /> ew�e fa Lsnd�r'�ln�puctlon.
<br /> -- o6ill a��of t�her��op�ity�Such proc�sde will biipplled ii pi�Sa:a i�covinint�m+7hl�iilpnmint I�tiubj�c�to tM�irm�o}ny�prb�
<br /> _-__ ��curlty pream�nt.
<br /> 1e,WNwr, ey�xercl�inp�ny nm�dy�vall�bl�to Lender, lsndsr does not plv�up�ny rlpht�to I�t�r ut�any otMr remedy.By not sx�rcl�lnfl
<br /> -----v--- �ny nm�dy upon Borrowsr'�cNf�uR,L�nde dosa not wdve�ny�Ipht to I�ter consldsr the swnt s def�ult If ft happens aptln.
<br /> 17, Joint�nd S�wrM U�y, CaN��; SuacNSa� �d As�tpw lound. All dutlai undsr thls d��d of trust sre jot�t �nd ��wr�l. Any
<br /> ,-.,r......,.�� Bonowsr who co�s�qm thl� dNd o} tru�t bvt das not co•alyn tM undsrty{np d�bt In�trom�nt(s) dcu �o only to pr�nt ond conwy th�t
<br /> .��.�.;F:..� 1lortow�r'�Intv��t In th�ptop�rty to tM Trwt��under the t�rms of thl�de�d of bwt.In additlon,such�Barow�r aoras th�t tM L�nd�r�nd
<br /> -- ,__�;� my otha Borrow�r under thfs d�sd o}truat m�y�xtend, mo�lty or maks my othe chirp��in tM t�rm�ot thl�doed of tru�t a tM secured
<br /> :�,i.,.,.,. debt wfthout th�t&,rrowar'�cont�nt�nd without releulnp th�t sorrower irom tha term�of thl�de�d of tru�t,
<br /> �F'�-^L►,!°J�.'T 7hs dutle�srxl bsnefite of thls d�ed of tru�t sh�ll bind and i»n�flt tM wccesiors�nd a��lpn�oi Lendu�nd Borrow�r.
<br /> `T r;:p,;�
<br />__ .,+,�-, 1 t,Notk�.Unki�otherwl�s nqulred by I�w,�ny notice to Borrower ehdl be plvsn by dellverinp ft or by m�lllnp It by cenlfl�d mall�ddnss�d t�o
<br /> Borrower�t the property�ddn��or any ather addrssa thst Borrawer h�t�fven to I.snder. Borrower will pfve eny n�tice to Und�r by c�rti(Isd
<br /> .�r.•"`� � m�il to Under'e�ddrs��on p�p� 1 of thli d��d ot trust,or to�ny other�ddre�s whlch Lsnder h:s deUqnit�d. Any oth�r notice to Lende��h�ll
<br />- ' '' "� •� be s�nt to Lender'��ddrec�u�t�ted on p�pe 1 ot thl�deed of tru�t.
<br /> . Any notice�hal�be d�em�d to h�v�bNn p�vm to Borrowsr or Lsnder when pfv�n In tM m�nne��t�ted�bove.
<br /> •� 19. Tr�fw of tM Prop�tY a�l�llcld Intor��t In tM oottowK.If ell or eny pert of tM property or�ny Intentt In It Is told or tnn�tur�d
<br /> ' � " �_ payment It�tho�,Bo�rrrowe�Is not e�netural p�e son endde beneflclal�nterosp,n�thetBorrower�Is solddobtrenser�red However��Lendermme��no�
<br /> ' demend poyment In the above eftuetlons If It I�prohlblted by federel law es of the dete oS thla deed of truet.
<br /> r 20.R�conv�y�nc�.�Nhen the obllgatlon�ecured by thl�daed af t�u�t h�a basn p�ld, end Lend�r h�s no further obllprtlon to m�ka�dvancst
<br /> , �r' � under the Initrument�or apreement�secured by thls d�sd of tru�t, the Tru�tee ehall,upon wrftten reque�t by the Lander,reconvey the truat
<br /> � h�(�■rtnn eo�aaiafl�d�Borrowershalltpay ny ecordatbnBco�t�er'�succeaaor In Interest, the truct deed and ttie nnte or other evidence af the
<br /> 21. Bueasra Teu�tN. Lsnder, �t Lender'� optlon, msV remove Tru�tee end �ppolnt e �uceei�or tru�tee by flnt, melliny � copy ol the
<br /> sub�tltutlon of truetee�e rsquked Ayr���c�ble law,end then,by fillnp tM�ubstltutlon of tru�tee for record In the offlc�of the repl�ter of d�edi
<br /> iuceeed touill the tWwwe tdutf�i�ebthorlty and title oft he Trutte nilnled In the deed of tru t and o}iny�tucce�ior truitee,�}the property,thall
<br /> lP�y�2of 11
<br /> - BANRERS SYSTEMS,�HC..ST.ClOUD.MN 6a�01 fl•�00�197•9��11 FONM OCP•MT6-NE E179197
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