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<br /> �-�� COVENAHTS aJV� ���
<br /> .L��,�.
<br /> �, p�yMSnt�, Horrow�� �pnn to mRk� �11 p�ym�nt� on tM ��cvnd d�bt wMn'd��•�o nny emoun i Bonowor��wes�on�hetaecured deti
<br />�-�ry=.=:,:� psymmt� L�nd�r nc�iv�� (rom Borruwa or for Borrown'� benetit will b� nppl
<br /> ,.•<.��+4:. exclu�iv�of intu��t or princip�l, second to Intere�t,and then to princip�l.II p�rtisl prsp�Yment ot the cecured doht occure lor eny roeson, it w�ll
<br /> _-L.r-4 not r�dua or szcuu any�ch�dul�d p�ym�nt until the eecured debt I�peld In full.
<br /> ��""�'" 2,Cl�lm�Aainn�N•�ruo�r will D�y MI t�xu,�� e��mem�, �nd othu chuQ��etirlbuYable to the roperty when due snd will defend title
<br /> ' � to tM proputY•a�imt�nY cl�ima Wh���WOUId I�nPllr�h�II�1 lebor oa miterlili to impr�o e o�Ym�lnt�rin�herproportye�sign any righti, clnim�or
<br /> `°'��� defmtu whlch Bqrow}f rp�y haJe� i �t p�rt1Y�wh RuPP Y
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<br /> - 3. Inwunc�. 9orrower wNl k��p th� proP�rty�pfnwrrd und�r urm��cc�pnbl�to Undu at Borrowu's sxp�nu and for Lend�r'�bsn�fit.All
<br /> =.:,��_,;,;7�J in�ur�na poBci��An������+na�oc,idi mayrtt»��pp��d�wlthln L��id�ti dlscr�Non t�I�ther tha�r„ioratioii o�epalr of Ihc d3 aped prc�i�e ty �
<br /> --- In�ur�nc�pollcy. y W
<br /> — or to tM s�cund d�bt.If L�nd�r raquin�mwtp�9�1n�unnc�,Borrow�r�pn��to m�intdn such Inwnnc�}nr a�lonp�r Under require�.
<br /> `=��- 4�prppwty�gorrowu wlll kNp th�prop�rty In pood condido���d m�k��II rap�lr�re�san�bly necetury.
<br /> 6.Exp�n���.Borrow�r�pre�t to p�y dl Lsnder'��xpoms� Includinq ra�ton�ble�ttornWa' fe��,if Borrower bre�k��ny covenento in thls d�ed
<br /> - of trust or In ony obliyation ucured by thl�de�d of tru�t.�orrowsr will p�y th�s��mounts to Lsndar at provided In Covensnt 9�f thi�deed of
<br /> ��� trutt.
<br /> ��`�;.., `. 6.Pria 8�curitY�MK��t�.Unl�u Borrow�r firat obtNn�L�nd�r'a writtsn coneent,Borrower will not m�k�or permit any ch�npes to �ny prior
<br />_�r�.�
<br /> �'���}•r` jncludinp��Borrowir'�covmant�lt m�k�rp�ymen��when du�oblip�tlons und�r my prior mortp�y�, de�d of trwt or otMr sewrity�preern�nt,
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<br /> —°"',_--- �,���w►�t of R�ts�nd Ro1fu.Borrow�r���Ipn�to Lend�r the rsnU�nd profits ol the property.Unlea�Borrowor �nd Uoder h�w�prud
<br />"°�^:° oth�rwli� in writlrq, Horrow�r m�y collect srxi r�t�in th�nnt� a� lonp u Borrowsr�nd�collact tha 1int�BAny r�nu�Lmdir collects�ha be
<br />�=++-.;�'�.� �p�nt, or �court�ppo�nUd nc�fv�r m�y t�Y.� pos��ttlon�nd m�n�Q�the prop� y
<br /> �°"�,�'"��'' niciiiury�slitad ixpen�ei f The r,milnlnp imount o}ronti wRl then�ppiy to piymint�on the iecured deht ia prov tled In�Covenent�t�ny otMr
<br /> „_.��..;�� 8.L����hddt•Condomlrtlum�;Pliwx»d Unk DwNopm�nq.,Borrower aprees to compfy with the provieions o}sny leue If thia deed of trust b on
<br />,-.,;,n,��;�7� •laesehold.I{thi�de�d ot tru�t i� on� unit In e condominium or a plrnned unit dovolopment, Borrower will poriorm ell of Borrower'e duHea
<br /> -_�,�,��� undsr ths covsn�nts, byIswt,ar repul�tion�of the condominium or plenrnd unit development.
<br /> 8.Autlwtity of 1.«�to P�rfam ta SortowM. If Borrower(�fl�to�p�rform any of Bor�owu's dutl��und�r thi�t dY°f�`}orminei�I}iny
<br /> �_'�� �� rform ths duti�i or c�use them to be perform�d, Undsr m�y��p�go«oW�r'�nem�or pay�ny�mount If n�ce��� for pK
<br /> - `��� � i�di�continu�d or not curied on In�raason�bl�m�nner,Lender may do wh�tever I�n�c�surY�o protect Le�d�r's
<br /> '--- constructbn on ths fxoMrtY
<br /> = �?='�' ascurity intereit In the prop�rty.This may Includ�compl�tiny th�con�ttuctlon.
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<br /> T- Under's failun to psrtorm will not qnclude Lend�r from ex�rci�iny�ny of its other right�under the I�w or this d�ed of trutt_
<br /> __.ii:�i Any�mount�p��d by Under to protect Lsnder'a�ecurlty Intere�t wHl ba secured by thls d�ed of trutt. Such�mounta will b�dw on dem�nd
<br /> and will b�ar Intsnst from tM d�ts of ths paYm�nt untll pald In full at the Inten�t nte G��ff�ct on the secursd d�bt.
<br /> ��D-��� ��� p�{��nd AccNK�tlon, If Borrower f�ll� to mek� �nV P�Ym�nt when due or Ixeakt �ny covsnants und�� thl� dad of tru�t or v+y
<br /> obllpatbn s�cur�d by thls deed of trutt or any prlor mortp�ye or deed of truct,Lsnder m�y�ccslant�tM m�turlty ot tM�scured debt�r.d
<br /> --r.�II� d�m�nd Imm�dlate p�ymsnt�nd m�y�nvoke the power ot�Ns�nd�ny other remedles p�rmftted by�ppllcable bw.
<br /> - �=� __.���:__����«�.�!D•i.ult. It Is herebv requssted th�t copl�s of ths notices of def�ult and�da be�ent to each penon who Ii �D�Y
<br /> - — her�to,�t tM�ddrsss of e�ch such porson,ae s�t tonh ner�in.
<br /> ���� = 12.Pow�r of 4�N. If tM�orsome p rt w p rcil�th�►so}is'�it si a:noci�e'ot�det:�n ont�lnhn�tfM Infc►m tlon�nquind b91aw.TM Tru�tii
<br /> wMnln th�trust p►o�tV
<br /> ah�ll dso m�il coples of tM notics of d�f�ult to th�Borrower, to each ps►son who I�a p�rty nta, �nd to otMr p�rsoru ss prescribM by
<br /> I colrporitid clty a vIl apihind ii usid In fatminp op�r,tloni cirrled on hy he truitor�the Truiteeihill plvi pubNc notic,ofii�YtostM perwni
<br /> --""—' and In tM m�nrnr prescribed b1r��ppplicable Iaw.Tru�t��, without d�m�nd on Borrow�r, slull sell tM 1xop�rty�t pub�k��etb�to tM hlph�st
<br /> bldd�r. If requind by tM F�rm Homeitead Protectlon Act, Tru b��bllc�nnouncem�nt at tMttfma ind p�ic��of anyrprivioui y sc phedul�d u�.
<br /> � Trustee m�y po�tpone��le of all or�ny percel of the properry Y P�
<br /> Lender or it�detlpne�maY P�rchase tM proparty at a�Y�sle.
<br /> -�++a�� Upon recslpt of payment ot the prics bld,Trustea shall deliver to tM pwch�sK Truat�e's d�ed conveyinp tM property.Tf�s ncitial�contalnd in
<br /> --_�^*�=��� Tru�tee'�deed sh�ll be p►Im�fecls evldiencs of th�truth of tM sutements cnnt�lned theroln.Trwue shall�pply th�proeeed�of tl»�sle In tt►�
<br /> followlnp ad�r: (�) to �11 expanse� of the sals. Includiny, but not Ilmitad to, renonable Truntse's fess, ranon�ble �norrNy'�fs����d
<br /> reinst�t�msnt�ee�; (b)to dl�ums secured by thls doed of tru:t,and(c)ths balsnce,II eny,to tM persons lepoly antitl�d to nc�Iw it.
<br /> � -- �3,Fa�elown.At Lender'�optlon,thla daed of trust mey be forecloted 1�the m*nner provlde by applic�ble law fot foreclocure of mortp��e�
<br /> on re�l prop�rty.
<br /> 14. Msp�etlon. Lender mey enter the property to Inspect it If lencler Qives Boirower notice beforehend.The notice must�t�te tha rssson�bb
<br /> -- cause tor Lander's Inopoctlon.
<br /> ___a�� �6,��tloo. Borrower esdgn ch proceedehwillrbe pF��d eeYprov�ded in Coveront�l�Thls a�tfymm�t a subJe tto the erms o}anYp�a
<br /> - - of ell or any part ot ths propertY•S
<br /> �r�L:S� securlty spreement.
<br /> �:� 16.W�IvK.BV exerds�np eny remedy av�il�bla to Lender,Lender doee not glw up my rights to latar use an other nmedy.By not sxertlsinq
<br /> ^�� any remedy upon Borrower's dstsult,Lender does not w�ive any ripht to later consider the event�defsult ff It Kappen��flain.
<br /> �t�..`.�r�'::�3
<br /> -�•.__� ��, ���� g��«� ���y�{ty. Co.WOn�r�; $uct�s�a� �nd Aa�tq�u 6ouad. All dutie: under thls dead of tru�t are jolnt and sevsr�l•Any
<br /> — Borrowsr who co-slans thls deed o} truat but does not co-dpn the underlylnp debt inatrumentle) does so nnly ta pnnt and conveY th�t
<br /> =-�Z�i Borrower'�fnterest In the property to the Truatee under the term�of thla deed of tru�t, In edditbn,wch a 8orrower apne�thst the Lendtt snd
<br /> T����,; rny other Borrower under this deed of trust m�y extsnd, modlfy or m�ke any other chanpas In tM tsrms of thit deed of trost or the ucured
<br /> _,�,M1;i t, dsbt wfthout that Borrower's conaent and without releatlny that Borrower irom ths terms of thls deed of trust.
<br />_--^�`iFi:
<br />_ �if• The dutles and be+iefite of thls deed of truet ch�ll bind end benefit the succeasore and esslpn:of Lender and Borrower.
<br />�;`-���'�'��,,•,
<br /> - 18.Notle�.Unleta otherwl:e requfred by lew,any notice to Borrower shall be e�ven by doliverina It or by maillny it by certifbd m�ll addreued to
<br /> •-� ��' Borrowsr st the property�ddretc or any other eddreis th�t Borrower has given to lender.Boi�ower will pive any notics to I.ender by artifi�d
<br /> � be sent t e nde��add�esa as�tatedfon�p Qeed of thla deed of�trustt��addras�whlch Lendor ha�dealynated,Any other ratice to Lender shdl
<br /> „ ' Any notice shell be deemed to have been g�ven to 8orrower or Lender when given in the manner etsted ebove,
<br /> �{'' 19.Tr�n�fa of th�Prop�rtY a�g�l�cld Int�r�st In th�Borrow�r.If ell or eny pert of the property or any Interest fn it U sold or trandsrred
<br /> t� paym�nt if the BoProwerriat not�annetural person sndde be eticlel interes�p In theiBorrowereisusolddor trensferied aHowever�Lender�m y�not
<br /> � demand peyment In the ebove eituatlons if it la prohiblteA by federel lew as of tM dete of thla deed o}truat.
<br /> , t.
<br /> 20.R�conv�yenc�.When the obligation secured by this doed ot trust has boen pafd, and Lendor has nu further obligatlon to make advancas
<br /> : under tho instruments or egreements secured by this dned of trust, the TruRtoo shall, upon written request by the Lender, raconvey tM trust
<br /> property.The Lender shell deliver to the 8orrower,or to Borrovier's succassor in intarest,the trust deed and the r ate or other evidence of the
<br /> �-� oblipatlon so satlsfied,Borrower shell pay any recordation costs.
<br />- .,s ��..
<br /> � � l 21. Succ�tsor Truit�e ��ed by�pp cablo letwna d then,by filing the substitution�ot trustee forreco d�in the office otthe iegister af deeds
<br /> } substitution of trustee�t
<br /> succeed touall tha power,lduties5 authorty end title oft he 7rust e nemodeLn�the deed of Vu t and of any�successor trustee.of the properly, sh�ll
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<br /> ' BANKERS SVSTEMS.INC..5T.CLOUD.MN 60301 11-E00�397�29�11 FOfiM OCP�MTG NE 6119/91
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