|
. a.. _ � ...���eK-,.
<br /> � . . ..._.. ,.��.-�.., bp,� r - r-r��;'ti��.n„ i• i - --'--- - -
<br /> � �3.�:- . ' � . �� .v+�. • � ' � -- _._,
<br /> .�l.�5�� (f
<br /> .y. . __ . ....-�.{,:���..--- — . —...
<br /> . . .. � Y... ' �.:a--- -- _— _ -_
<br /> — e�,n,���� __ --_-______'—. . .-_. �"��_��_...... . 2..�
<br />.. ..�l e '�1' . . . _ .. ..
<br />.-_:�� �
<br />=��� Ga���,TS 9�_ �1�8 _
<br /> f��n'`"-'ry' 1, MyrrMnt�. Rarrowar �pne� to m�k� dl p�Ym�ntt on th� a�cund abt wh�n du�. Unl�n Borrower �nd Lendar eprea otherwUe, any _._.
<br />;�-.,{� ��,. p�ym�M�Unde nc�lw�from Borrow�r or for Borrowsr'�benefit will b� apDll�d 11rst to my amounn Bormwer owe� on the eacured debt —
<br /> exciwive of Intere�t or princip�l, ��cond to int�n�t, md thm to princlp�L If prrtiN pnp�ym�nt ot tha��cund debt ocwrs for eny ree�on,It wlll -
<br /> �,�..; ' not reduc�or excuro�ny�ch�dul�d paymsnt until th�tecurad debt I�pald In full.
<br /> ; '^� -" Z.Cl�im�Apnkut TItN.Borrow�r will p�y�U t�x��, n����m�nts, �nd otMr ch�rpee�ttrfbut�ble to the property when due and will defend title
<br /> to th�propeity■a Nn�t�ny cl�im�wNeh would imp�ir the Ilm of thi�deed of tru�t,Lender may requlrs Borrower to e�eiBn eny riphts,claima or
<br /> "`,r; ,,5,�� d�bnt��whlch Boirow�r may hw��p�(n�t p�rt���who�uPPly t�bor or muerleh to Improve or malntain the property.
<br /> :oW�:,,;: .
<br />- ,. ,.. , , 3,Insu��ne��i B�ocrcoWei�c�ludo a s andnrdpmotita's0e��d�^��or of LeoderblL ider�will betnemed earlosa payee or��c tha incu�ed oneany E ch
<br /> imur�nc�po ro ert �_
<br /> _ �' "Y" `. inwr�nc�policy,Any inwnncs proca�di m�y b�� PINd,within Lend��'�discr�tion,to�ilhe�tho ro�toration or ropair of tho damaflod p p Y
<br /> or to tha�ecured d�bt,If Under r�quire�mo rt0�0�Pn�urana,Bo�row�r �pree�to mdnt�in Ruch In�urence for es lo�p e�Lender requlrec.
<br />��`°°� 4.Propety.Bormwsr wlll keep the prop�rty in pood condition and m�ka dl rep�irs rouombly neca�osry.
<br />�, 6,ExpMU�s.Borrower�pree�to pW NI Lsnd�r's�xp�nsa� includinp ranonsble attorney�'fses,if Borrower breake eny covenants In this deed
<br /> ""T"T o1 tru�t or In any obllpMtlon�ecund by thls d�sd of trust.�orrower witl p�y the�e �mountc to Lendar ei provided in Covenent 9 of thia deed of
<br /> _ _;� trmt.
<br /> E,pria 5�ewity Intw��t�.Unlass Borrowar firet obtdns Lender'e written consent,Borrower will not meko or permit any chenges to any prlor
<br /> ';' r rlor mortqege, deed of truet or othnr security agreemant,
<br />-�i_;,:Fil� `� eecurity Interssis. Borrower will psrform all ot Borrower'�oblipations under eny p
<br />';i.�:.r•.� includinp Borrower'�covenant�to meke paymsnts wlan due.
<br /> •qr.: .
<br />��::�'-:�L 7,A�ppwn�nt of R�nt��nd Profit�.Borrower�ssipni to 4ender the ranu end profite of the property. Unleae Borrower and Lender hsve apree
<br /> �r"°+:•`:.` o1Mrw�i e in writiny, Borrower mey collect md rotdn the ronta a lo�p es Borrower ie not in defeult, Ii Borrower defeults, Lender, Lender'a
<br />-':;,��9:���, eqent, or a court eppointed recelver mey teke poaeeasion and manege the property and collect ihe rente. Any rents Lendar collects nhall be
<br /> �
<br /> h' �pplied firet to the r.o�t� of raan�g�n0 the property,includln court cotU and ettomeye' fees, commfasfona to rontal agents, and eny other
<br /> mcossuy relatsd expansa�.The remaining�mount of rent�wRl tlian spplYto p�yments on the eecured debt es provided in Covenent 1.
<br /> .�•��'�-' 8.L�+t�h n l d s;C o n d o m l d u m r.P l�n n�d U n i t P�v d e p m��t�•Borrowu agnes to comply with the provisions of any leese if this deed of truat is on
<br />=.*.:;�;u� `� a leesehotd. If this deed of trust ie on e unit in e condominfum or a p lanno d un it deve lopmen t, 9 o r r o w e r w i l l p e r f o r m a l l o f B o r r o w e r's d u t i e e
<br />`_'`�'°�^ ' under ths covenente,by-lews,or re9ulation�of the condominfum a planMd unit d�velapment.
<br /> .:.�.�:�
<br /> ����i -� ' 9.Authodty of L�rwMr to Peform fw�onowK• �f Borrower fail�to pxform my of Borrower'�duti�s undsr thl�deed of truct, Lender m�y
<br /> �• putorm th�dutie�or cawe them to be performsd.Lander m�y �Ipn Barowar'� n�me or psy any�mount if neceuery Sor performance. If any
<br /> 'Jy� � construction on theproperty i:di�continued or not c�rried an In a reasoMbie manner, Lender may do whatever ia necessary to protect Lender'�
<br />--,_:�r�_- �ecurity Intereat fn the property.Thls m�y include completinp the construction.
<br /> °=-�} Und�r'�f�iluro to p�r}orm will not preclude Lendsr Irom exercisiny eny of its other righte under the law or thie deed of trust.
<br /> Y��,�°���� md w p�buiir IM�rstt fromt hetd�ie�of the py ment until pNdtin full,t��tM intere ttl�e in effect on the iecured debt unt� wi11 be due on demend
<br /> -_ ''�T�� ip, p�f�ult �nd Acc�l��tlon. If Borrower f�ils to make any payment when due or breake eny covenanta under this deed of trust or eny
<br />--�_��'�'� `=�� aWiyation secured by thls deed ot truct or any pria mortpape or deed af trwt, Lender mey ecceler�te the m�turiry of the secured ds6t �nd
<br /> __=;_'�� demand immadiata payment�r,d msy Invoke the power ot�ele end�nY other remedie=permftted by epplic�ble law.
<br />-��-'«�*:��. 1�: R•au�at fw Notle�of D�h�ult•It i�heroby requeated thet copies of the notice� o}default and sale be�ent to eech person who Is e party
<br /> �y-'�a,� Mroto,�t ths addross of eacn sucn percon,a��na fu�ii'�iro�oir,
<br /> 12. PowN of Sal�.If the Lender Invokea the power of�de, the TrustN shell firet re+cord In the oi(la of the reeiater of deeds of etch county
<br /> -�1 whareln the trust property or some part or parcel thereof Io aitueted a notice of defeult conteininy the informetion requirsd by law.The Trustee
<br /> -- veto, and to other er�ons a,t prescribed by
<br /> Y���i-; thNl alw m�il cople�of the notice oi dsf�ult to tM Borrower, to each per�on who b e party h P
<br /> � ipplic�ble I�w. Not less th�n one manth efter the Tructee records tM natics af defeuit, or two month�if ths truat property i� not In �nY
<br /> L A Incorporeted city or villaps�nd Is used in fuminp operationa cerried on by the tru�tor,the Trustse�hall pive pubpc notice of eele to the persont
<br /> �3�.<<�Y�i� md in the m�nner pre�cribed by�ppp��cabls law. Trustee,without damx�d on Borrowar,ah�ll sell the property at public euction to the hipMct
<br /> bidder.If requlred by the Farm Homeste�d Protectlon Act,Trustee sheA ofier the property in two separate celes ae required by appliceble law.
<br /> - - —3 Truite�msy postpone e�le of a!I or any pucel of tM proparty by publit ennouncement at the time and plece of any prevlouely�cheduled s�le.
<br /> .�-—� Lmder or ita detlynee m�y purch�se tM{xoperty�t eny�ele,
<br /> _._,,��fo� Upon receipt of paVment of the prlcs bid,Tru�tee�hNl deliver to the pachaaer Truttee'c deed conveyinp the property.The recftlelo contained In
<br /> Trustee's tlead shell bs prima fac(�evidisnce of the truth of Zhe at�tements cont�ined tFbrein.Tru�tee ehall epply the p�oceeds of the sale in the
<br /> =-_r��y� followinp ordsr. (�) to all expenaes of the sele, including, but not limited to, reetonab�e Truetee's feee, ro�wnable �ttomey'� fees �nd
<br /> ninst�Nmsnt faes;(b)to ell aum�secured by thie deed of truat,�nd �c1 the bdence, ff any,to the per�on�lepally antitlad to rsceivs(t,
<br /> Y�� 13,pp�down.At Lsnder'�option,thit deed of trust m�y be foreclo�ed i�ths m�nner provide by�ppliceble Isw for foreclosure of mortpapee
<br /> -- ' on n�l property.
<br /> ...�.,..__..-.=��:1
<br /> 14. Mfp�etla�•Lender may enter the Droperty to inspect it if Lende�pives Borrower notice beforehend.7he notice must etete the reaaoneb e
<br /> "-���r� wuse for Lsnder'�Intpection.
<br /> -- —� 16.Condxnn�tlon•Borrower escians to Lender thep�oceeds of eny awgd or cleim for dama es conneoted with e condemnetion or other taking
<br /> :�rri.a.�_i of sll or sny part of the property,Such proceeds will be eppliad ee prowded fn Covenant 1.�hle essipnment it subJect to the term�of any prbr
<br />___,�;;���},,� �acuNty apreement.
<br /> ��
<br /> r��,4-�,-s'i�°� 1g,Wrwr,By exerciaing�ny remedy available to Lender, I.ender do�i�t pive up any rightn to leter use eny other remedy. By not exercls ny
<br /> �ny remedy upon Borrower'�defeult,Lender doea not waive eny ripht to later consider the event e defeult if it happens aflain,
<br /> .'�-tie�flii��"`.�
<br /> _�z �7, ,bint e�d S�vMN L1�pWtv; Co•�Iyn�n: Sueensa��nd A��i���6ound. All duNea under this deed of truit are JoIM �nd sev�ral. Any
<br /> _ _�_� Borrower who co•dpnt thl� daed of tru�t b�t doec not co-abn the und�dyiny debt imtrument(el doei so only to prent end convsy th�t
<br /> y- --—�� Borrower's interest In the property to tM Trustea under ths term�of tN�deed of trust.In eddition, such e Borrower agrees that the Lender�nd
<br /> �����;d,�� �ny atMr Borrower under this deed of trust msy extend, modi}y or m�ke �ny othe�chanpes In the term�oi this deed oi truat or the secured
<br /> .:,r...�._---- debt without that Borrower'�consent md without roleaainp thatBor�ow�r-from tlro terms of this dead of trust.
<br /> ��:��
<br /> :..,;ty,�,�1z!. The duties nnd benefits of this deed of trust�hoil Wnd and benefit the wcceaors�nd usign�of Lender end Borrower.
<br /> 18.Notle�.Unlass otherwisa requlred by lew,any notice to Borrower ahall be pfven 6y dellverinQ It or by meiliny it by certiflad mail addressed to
<br /> '`'x�' Borrower at the property eddtea�or�ny other address that Borrower h�a piven to Lander.8orrower w�ll pive eny notice to Lender by certiffed
<br /> � mafl to Lender's eddretc on pape 1 of thia deed al truat,or to my other eddrese which Lender hes desipnated. Any other notice to Lender�hell
<br /> be sant to Lender's eddreaa ss�tsted on Vape 1 ot this deed of trust.
<br /> Any notice ahall be deemed to have been piven to Borrowsr or L�nder when piven in tM manner ateted sbove.
<br /> '- 19.TfMl1N O}tM Pf0(lMIY a�B�n�r�«Mt(f1 1M BO�tOWK.II e►1 a eny pert of the property or er�y Interest in it Is sold or tranaferred
<br /> � without Londer's prior written cansent. Londer may demend immediate paVment of the seeured debt. Lender mey elso demand immediate
<br /> # payment if the Borrower I� �ot o neturel person and a beneticlel fnter�st in the Borrower is sold or trensferred. Howover, Londer mey not
<br />.. F � demand payment in the ebove situationr if it is prohibited by federal I�w es o1 the dato of this deed ot trust.
<br /> � �
<br /> 20.R�com�Y�nc�•Whan the obllgation securad by this deed ot truit has been paid, and Lender has no further obligation to make advances
<br /> under the instruments or ooreements secured by thfa deed of trust,the Trustee shall, upon written request hy the Lender, reconvey the trust
<br /> . � property.The Lender shail deliver to the Borrower,or to Borrower's suceessor In interest,the trust deed end the note or other evidence of ths
<br /> �•• 1 nbligation so satisfied.Borrower shall pey any recordation coste.
<br /> ---- ._.._.__ �... s:.�. ..,.:i:.... . rnnv nf thw
<br />. -------_ ..__ ` I
<br /> 21. Succ�ttQt Tr�,utN. Lender, et Lender'e oplion, may remova iNStee and sppoini O DU440iiV� �� .a.. , - -
<br /> substitution c�tiU3ti�1�rWwred by appiicable I�w, and then,by filinqthe substitution of trustee for record in the office o}the register af deeds
<br /> of each county In which the trust property,or some part thereof,is artuated. The successor trustee, without conveyance of the property,shall
<br /> , I sueceed to ell the power,duties,authority and title of the Trustee named In the deod ot Srust end of any eueeesaor trustee.
<br /> Ipage 2 o/2/
<br /> BANKERSS�STEMS,INC..5T-CLOUD.MN68�01118W3971J�71FOAMOCP�MLG-NE6�19/91 ______ ___,
<br /> . 1
<br /> � � ." ..-_.�..__'.__._..
<br />
|