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<br /> _'°""��'�'� COVEMANTf
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<br /> ���'�'� 1. P�Y�rw�M�. Borrowsr �ynu to m�k� ell aymmt� on th� wcund d�bt wh�n du�. Unl�u Bo�rowe �nd Lsnd�r npne oth�rwi��. �ny
<br /> ,..
<br /> p�ym�nt� Under receiv��lram Borrower or or Borrower'� bm�}it will be �pplled tiret to eny �mnunt� 8orrow�r owne on the eecured debt
<br />-�; .Y, axclu�ive ot Intnast or princlpal,ucond to Intee�t,md tMn to princip�l,If putlel prep�yment of tha�ec�und d�bt occun far eny re�wn,It wiil
<br /> _�.X�tyr. • not reduce or excue��ny tchedui�d p�ym�nt.untH the securod d�dt I�p�ld in full.
<br />...f,�'.;;i�' 2.Cl�im�A�Mt Tid�• Borrowe wiM pay�tl tix��ra��um�nM►�nd�oth�r chupe��ttribuUbl�to th�property whan due end wlll dafend tiile
<br /> ,., ; �� to tM prop�ity aD�In�t�ny cl�lm�whlch wbuld ImPNr th�II of thi�dNd o}tru�t.Unr:ler m�y rsquire Borrawer to udpn my rlphte,cldm�or
<br /> -'•;y,�� defm��a whlch Barrow�r m�y h�w pNnrt pirti��who su�I�bo�or m�tsrl�b to improvs or mdnUln the property.
<br /> -�f%�6dir
<br /> �' d. Inaurw►e�. Borrower will keep the property In�ured under terms�aceptable to Lender�t Borrower'�sxpen�e end for 4ender'■ benefit. All
<br /> � � " incur�nca pollclos thall inCludo a 6tend�fd mortpefle c!euso in fev,r ot Lender.Lender will be nemed ee lo�a pnyee or as the InaureA on any such
<br />';�'��„";";;.y�, . lnwrana�policy,Any U�wmc�proc��de m�Y b�appN�d,withln L�nd�r'�dl�crotion,to�Ithsr the rs�tontion or rspNr ot th�d�m�psd proparry
<br />='=�j��t '. or to tM ueur�d d�bt.If L�nd�r nquk�o matp�p�Inrurana, Borrow�r�prm to m�int�ln�uch inwranc�for u lonp u Lander nquins.
<br /> 4,propKty.Borrowu will ksap the p�op�rty In pood conditlon�nd m�ks all r�p�lrs re�ionably nsceasery.
<br />.� 6.Exp�m��. Borrow�r�pne�to pay dl L�nd�r'�sxp�ns��,Includinp re�romble attorneys' fest,if Borrower bnak��ny cown�nts in thl�deed
<br /> _ � ot tru�t or in any obllQ�tlon s�cur�d by thli dNd ot trust.8orrow�r wlll p�y theta �mounto to L�nd�r��provid�d in Coven�nt 9 ot thb dead of
<br /> ` truet.
<br /> .•._�u„
<br /> ,'""• f e, prior g�pxity k�bnst�.Unl�is Borrower lirat ohtdns Und�r's wrltten conunt, Borrower wil)not meke or perrnit�ny ch�nges to any prior
<br />�'�YZ`� ' ��curity i�t�rnts. Borrow�r wfll p�r}orm all oi Borrower'�oblip�t'o�� under any prior mortp�y�, da�d of truit or other�scurity �pr�ament,
<br /> _�;y^�,� Includinp 8urrow�r't cov�nant�to m�k�payn»nt�whsn due.
<br /> -�=: `:��,� 7,M�IpnmMt of R�nts Mwl Prolfts.Borrowu�ssiyna to Lendsr the rentt�nd profit�of the proparty.Unlets Borrowu and Lender have ayr��d
<br /> -�^�?!,��, otMrwis�In writinp, Borrow�r may coll�ct�nd nU(n tM rentt u lonp a�Borrowe is not in defwlt. If Borrow�r defaulu, Lende, Leixlu's _
<br /> "' ��- ap�nt, ar� court �ppolnt�d nc�ivu may t�k� pots�sslon�nd R�nepe the property�nd callect tha renta. Any rentt Lei�der collects �hall be
<br />:t!Nr,'.�.},
<br /> _„r;,�� �ppli�d fir�t to the costs of m�na91np t1» property, (ncludiny tourt costs �nd attorney�' 1esa, commlulons to rental apents, and eny otha►
<br /> - - - nacs��uy rsl�ted exp�n��a.TM nm�Tniny�mount of rsnit will than�pply to paym�nt�on the sacund debt a�provided in Coven�nt 1.
<br /> ..;'rrr.��=�
<br />--'��'��� 8.L�as�hdds;Co�xlort►idums;Pla�xwd Udt D�v�lopa►��t�..Borrower�yrasa to comply with ihe provisions of�ny leata it thb deed of trust is on
<br /> �� a lauehold. If thls deed of trust Is on a unit in �condommium or a pl�nned unit deve�opment. Dorrowor wlll porfarm all ol Borrower's duU�s
<br /> ='-�y�� unde tF»cown�nts,bylaws,or npul�tbna of tM corWomiMum w plann�d unit dewlopm��t.
<br /> ,�;;�;,� g, Autl�o�ity qf L�d�to hrfonn 1a tarowK. If 8wrows► fdls top�fwm my ol Borrow�r's duties u►xNr thls dwd of truat, L�nd�r m�y
<br />;r����!�� p�riorm tM dutias w cau��tMm to b�p�rfam�d. UrxJ�r may slpo 9orrow�r's n�m�or pay any amount ff rNC�ssary(or perfam�nc�. If my
<br /> constructb�on tMp�opHty Is discontirxHd or not curi�d on in a n�son�W�manr�r,L�nder m�y do w�iat�v�r ia roassary to prat�ct Landw's
<br /> -� s�curity I�t�n�t in t h�pro�ty.Thl�may Includ�compNtinp tM cnrutruct i on.
<br /> ��'��� Lsndsr's tNhx�to p�rfam wili not pnclud�U�r from ex�rcbinp sny oT it�othsr ripht�undar tM law or tht:deed of truat.
<br /> ---_=9 Any�mount�paid by Lander to p►oUCt LsrdH't��curity fnt�ntt will b� s�c�xed by thit d��d of trust.Such amounte will b�due c�dam�nd
<br /> -- �nd will b�ar Int�r��t from tlN d�t�of tM p+Ym�nt until p�W in full�t tM IntKnt nt�In�ff�ct on tM s�eur�d de6t.
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<br /> - 10. D�f�ult �nd AeeMr�tloe. If Borrowtr t�fis to m�k� �ny paym�nt wMn du�or brsak� any cov�nsnts under this dted of trust ar my
<br /> -�� oWip�tiun��ax�d by thi�deed of trost or�ny prbr mortpa�or d�ed af tru�t, L�ndx may acceNret�tM m�twity of th� secuwd cNbt+nd
<br /> d�mand Immediat�payrrNnt�nd m�y invok�th�powK of t�t��nd��y otMr rsmsdi�t pwrnitt�d by appliubN I�w.
<br /> r�� 11.Rww�t for Notle�of Whult.It is Mnby rsqu�stsd that copiss o4 tM notice�of d�fault snd saN bs sent to��eh person who ts 6 putY
<br /> _____�:� Mnto,�t tM Wdt�ss o1�ach�uch p�rso�,u s�t tortn hK�in.
<br /> --=`� 12. Poww of Sab.If tM L�nd�r Invok�s tM powN ot wl�, th�TrustN sh+ll fir:t ncord fn tM office of tM rspist�r of d�eds of�ach county
<br /> -_—- wMni�th�truat prop�rty or�arrN pan or pwcd tt�wt I��itwtM�notic�ot d�}wk cont�intrq the infamation rpuKSd hy law.The Truae�
<br /> — ' sh�N d�o maN copi�s of tM notic�of d�fwk to tM Barrow�r,to�ach p�r�on who is�pa►tY Fi�nto, and to otMr p�rwns �s pnacriWd by
<br /> -----� �pplic�bN law, Not kss thsn one month eft�r th�Tru�tM ncwds tM notic� of d�tauft, a two nw�ths if th� truat prop�►ty �s not in my
<br /> ,■ Incwporatad city a villaq�and ts u:�d in farminp op�rations ceri�d on by tM trusta,tM 7rustM�hall pive public notics ot sak to tM p�rwns
<br /> �,;-,,.�a and i�tM ma�r prascrib�d by appplicabM I�,w.TrustN,without d�m�nd on Borrower,chall all tM prop�rtY at public wcta�to tM h�qMat
<br /> ---- bWdsr.If raquked by the F�rm Homeatead Rot�ctton Ar.t,Trwi��thall oftK tha property tn tw�aapxate aaNs es requind by�pp��cable I�w.
<br /> -- TruatN may poatpons tale ot dl a��y puce!of tM propKty 6y public announcement�t the time�nd plac�of any previousiy scMdul�d e�l�-
<br /> L�ndK a ita d�siprN�may purchu�tM propKty�t�ny��ls.
<br /> �� Upon ne�ipt of paym•nt of th�prlc�bid,Tru�ta�sMll d�Fv�r to tM pixchis�r Trust�e's d��d conwyinp tha prop�rty.TM ncitials contsirnd u�
<br /> -�"� TrwtN's dNd shall b�prima f�Gi��vidi��a of tM truth of tM�tat�rr»�ts tont�iiwd therein.Trustee sFull applY tM procNds of the sale in the
<br /> ----- - i�+r�ist��w ip��es�,f'ol toilt iums ucur�d Dy tti�s�d�etl�of�t ut�and lcll he Qsl�nc�effsiny,�to the�p�rsons IepaMy entitlid�to rteciiw it,teaa �nd
<br /> �� 13.Foncbsw�.At Lend�r's optbn,thls de�d of trust may b�fa�clo�M in the m�rx►M provids by�pplicsbN�aw tor for�closun ot murtppsc
<br /> -� o�n�l propsrty.
<br />- �= 14,Imp�etion.LendK may e�ter tM propety to inspect it it LerxNr pivas Bwrow�r notic�bdw�hand.TM notics must stai�the re�aon�ble
<br /> cws�ta L�rM�r's insp�ction.
<br /> -� 16.Cond�rtr�don.BcrrowK assl�ru to L�ndsr thsproweds o}�ny�wud a ctalm for damages connected with a condemn�tion or other t�kinp
<br /> �.� ot dl or�ny part of tha prop�rty.Such procNds will b��ppli�d�s provlded in Coven+nt 1.This aaaiqnment is subj�ct to tl�t�rms of�ny yrior
<br /> � s�curity pra�msnt.
<br /> 1�,W�iwr.By exercisinp uiy ramedy�v�llabla to Lar�r,tender do�s not pive up sny riyhts to latx use anY oth�r nrtwdy.BV rwt�x.srcisinQ
<br /> _ �ny nm�dy upor►Borroww's datauR,Lander do�s not w�lve any riyAt to later cons�der the ev�nt a�'wfwtt N it happans a9�n•
<br /> " 17, Joint �nd Swwfl � Co•siy�»rt;SuecM�a�r�d As�ipn �ourwl. All duti�s urxl�r tAis dnd of truat �re jofnt ard NvNal. Any
<br /> -"`"`� Borrow�r who eo•tip�s thfs d��d oE truat but do�n not co-�iyn tM urxNrlyinp d�bt instrurrf�ntls) do�s so only to p�nt NxJ cortv�y that
<br /> Yv��`' 8orrow�r'a iat�r�st in tM prop�rty to tM TrostN und�r tht tams of this d�W of trust.In addition,wcA�Borrowar prMS that tM Lerxl�r w►d
<br /> ����+.�,T�r�4 an1r otMr Borrow�r und�r thts d��d�!trutt msy�xt�nd,modi(v or mak��ny otMr chanp�s tn tM tsrms ot thia dNd of trust w th�s�nu�d
<br /> __— •° ��� dabt wiMout that 8orrowx's conssnt and without ral�asinp tMt Eorrower.from tha terms ot t�is dNd of trust.
<br />'�°�"";,
<br />_I;�f��� TM dutNS and Wn�fits of this deed of trust ahall bind�nd banafit tM aucceasors�nd aasigna of Lender and Borrowsr.
<br /> ,_-`.�•�-�,+i�
<br /> 1�.Nofk�.Unkss othuwis�nquk�d Gy law, any notic�to Borrow�r shali bs piven by deliverinp it or by mailirg it by c�rtified mait Wdnsa�d to
<br />" .v Borrow�r�t the proparty�ddnsa a any otMr eddnss that Borrowx haa pivan to L�ndar.Borrower will aive any notic�to L�nd�r by c�rtifi�d
<br />-,>:,;'.���• � rnail to Le�d�r's�ddrdss on psg�1 of this deed o4 trust,or to�ny other eddress which Lender has d��tgnat�d.Any other notic�to Lender shalt
<br /> b�tmt to LandN's Wck�ss�s stat�d �n p�pe t of thia dwd of trust.
<br /> ' .v.��
<br /> • Any iwtic�shall be ds�med to hav�be�n giv�n to Borrow�r or Lsndar wh�n Qiven In the manner stat�d aDuv�.
<br /> • 19.Tnnsi�r ot tM Prop�rtY or�R�ffeul ht�nat in 1M Banow�r.If all or ony p�rt ot ttu proputy or any int�nst in it is sold or tranafered
<br /> without L�nd�r's priar written consent, Cencer may d�m�nd Immediate payment of the secured debt. lender may also demand immed�ate
<br /> , �' payment if the Borro•NCr is nat a nat�rol person anc! a beneficla! Interest In tlu�Borrower is sold or Vansferrod. Howevea L�nder may not
<br /> dem�nd payment fn the abovs sit�ations if it is prohlb:t�d Dy tederel law as ot the date of this deed of�trust.
<br /> �'. 2Q.R�conv�y�nc�.Whert the obligation saured by this deed of t�ust has�een pald, and Lender has no further obligation to make advances
<br /> �. under tM instruments or aflreements secured by this deed of trust, the Trustee shall,upon Kritten request by the Lender, reconvey tho trust
<br /> 4"•, q , property.Tha Lender shall deliver to the Borrower,or to Borrower's auccessor in Interest,the trust deed and�he note or other evidence a�the
<br /> ,,,,,:'� '` , obligation so satisf�ed.Borrower shall pay any recordation costs.
<br /> . � �1. Suce�ssor Tru�t�e. Lender, et Londer's option, may remove Truste� and appaint a succassor trustae by tirst, mamng a cooy oi cne
<br /> , � subctitutia�of trust�s as nquirad by applicable law,and then,by filing the substitution of truatee for record in the office of the register of deeds
<br /> of each county in wliicA tM Vust.'roperty,ar some part thereof,is situated.The successar trusteo. without conveyana ot the properSV.shall
<br /> , � succeed to all the power,dutie�.Authanty and btle of the Trustee named in the deed of vust and of any successor trustee.
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<br /> BANKERS SVSTtA15.INC.5T CLOUD.MN 83J01 It tl00J97 27411 FOPM OCP M7GNE 8/19191 ___ ____
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