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<br /> ;j;T�.::�:..,.�5 covm,anas �.����.o";:a:�.�.:
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<br /> t. paytneMa. 6nrrower agFaes to ma1�e eR paVme�on the seaued debt when due. Untess Bonower end lender agree othorw�se arry :
<br /> :"� �=�< Dgymer�Lender reeeives from Bortower or far 8amwePs beneflt wU!be apPUad first to any amouMa Borrower owua on tho oocure�dabt � �4�.:
<br /> exdusive ot irrterest or prindpa�,._g�p nd to iaterest,end then to prinClpal.N paRiaS preRaYment o!tQte seeured debt occur6 tor eny roeson.d witl c ::t r ,�.
<br /> :�:.•s::�, r:F•'3� ed p8y111B�1[Widl tha Feu1C$d debt i8 08id in fUll. ';4� ` ""
<br /> � !< flOt(BdUC9 Of 0Xp�5B dRy SC}IBdUI G : .
<br /> � n� &CGdms Against Title:Boridwet WIR pay ail ta�aes,asseSSme�.and ather d�u9es atufbuta4ta tn the propartlt who�Que and wfU detenA t+tto s�
<br /> � =c to the properN a�ainst m►Y dahna which�wuld imAatr 1he'4En of tNs deed of trust.LeriQer may raquire Bortower to ess#gn enY rlgAtn.cieims or t x 4 u ;
<br /> � .:; defenses wfiieA�orrower maY have ega��st Darties who sapON iabor w materiats w improve ar maiMain the p�OenU•
<br /> ? `� 3,(nstuance.Borrower wHl keeP the PrapertY lnseued under tenna acce�table m Lendar e!8ortower'e expanso an6 for landa►'e bonofit.Au ,�
<br /> , �:}: insurance po6aes shaU indude a stendard martgage dause in taw�of Lender.Lender will be namad as toss OaYae or a3 tho��urod an en{r wcn r E:''� , .�
<br /> - _;,.;:? ���pop�y.q�y h�s�a�n�e pto�geda may be a�aGed,w'�dn LendeYa disaetEan.to either the testoration ar repalr oi tha damcBed P�oDOn1►
<br /> ..`�=';. ` or ta the eaciued detrt.H lender requQas mertgage irisurance.Barrower agreos to mairttain sueA tnsurance lor as tong ea Londor raauUas. ,-'�:, �; y"Y
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<br /> '` �,- 4.P�operty.Borrower wift(ceep tlie ProPertY in good eonQiUon and make ali repairs reegonebhl��1i• - ,�-o
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<br /> �% ., .r-�c g,�p��.Borrower a�rees to paY afl Lender's e:penses.indadinp reasonabte attameys'toea,if Bortower Qteako any covena�s in tMs doaa ' � � t
<br /> `�='��"'• of vust or in any obUgsUOn seaaed by this Qeed of t�ust.Botrawer wfil palt these amaurns w Lender ae provfded in Covanenl9 of thls doad ot `
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<br /> .r. 8.Prla SewriN f�ereals•Un[eas Bmrower fust cMains LenQers written eonsent.Bortawes will not make m perrtdt any eAenges to any Pflor <�. z:
<br /> � � sewrity irtterests. Boaower wiU perform ail of BorrowePa obiigadoru undet anY P��ot a�ortgage. deed of mist or athar saeurity agroomant, ;
<br /> �=:; indudn 9 Bortower's covenants m make paymertts when due. ' `
<br /> r �[ �� �,p� �o}���nd proSts,gonower assig�s ta Lenda*the�e+�ts and protits of the proDe�ty Untess Bortower en0 Lender havo apro o d ., `� `
<br /> ,' "` ..':}� ottfe e irt writing.Borrawer may eo1Sect end remin the rerts as tong as Burtower ia not in detauh.N Barrower defautte.lendar.londa�'e . ,a` '` . .� 4;'
<br /> - ;i", agertt,or a court appointed recetvei may tek9 possessfon and manege the property and coltect Me�ents.Any rer►ts Lendar coltocte eha0 bo s.
<br /> app�ed first m tfie wsts of inenaging the prapertY. i�duff����°�°�attomsys' fees,wmmissions ta ronta{egenu, and eny otrte� �, r,.,
<br /> `:��•; necessaty telated expenses.The reme�Nng amouot of rerts vn�Men eOPN to payment8 on the secured debt as prowded m Covonant 1. ��:
<br /> ' i �' 8.Leaseht�dr CanEmnttdums:P�muied Unk DaveWp�.Bortaweragre ee to comp ty with ti�a 0►ovtelons ot any lease N this�004 of uust Is on � �_
<br /> ` a leasehotd.l�this dead of trust is on a unit iw a wnQominium m a pianned�iniC devetopmem,Bocrower will pertortn aii af eotrowa►'e dudea �--,,.��° .�
<br /> : � ` •:��-,: under the cavenarts.bydaHrs.o►ragufetlons of the candomfilum or ptarmed untt davetoyment. v
<br /> r �'' �" � 9.Authorky►M Lender w PeAmm tar Bortows►.B Bortower faita tope Aortn snY of Boaowers duNea under thls deed ct Uuat. Lendar m4y ; :
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<br /> �.•cy perform the dut3es or cause 1f�em to be peAormed.LenQer may sipn 8orrowePs name or any amount if neeeseary for perlarmeneo.!f e�ry
<br /> :�_:.:.. -.._;,;� „onswetton on the property is discortinuad or nat cart(ed on in a�easonable manner,Len er maY dQ��ever ia necosserY to protect Londer'e LT L.z�.
<br /> s�-�=' secu►itY irtterest in tha proAertV.'fhis may incNde eomPletfi9 the eonsUuetion. �' `--
<br /> _ .:�,�.;� Lenders faiiure m per(orm witl not preduQe Ler�der ircm exercising any oi ita otfiet�tgfits under the law or thia Qeed of uust. '�-� .:—
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<br /> q�y amounts paid by Lender w protect Lentler's security i�tterest wi(1 be seaued by Thia Qeed of trus�Sueh amauc�witl be duo on demend �
<br /> :1, and wf11 bear irterest hom the date of the paymecrt umil paid in tull at the iraerest rate in eNect ort the secured debt. • :
<br /> ��� i0. OefauR enA/teederatlon M Borrower fatis to make aay payment whee Que or breaks ar►y covenama under this deeA of wat or eny °b x�}* �
<br /> � �.� obligadon seaned by tNs Qeed ot trust or amr prior morl8age rn deed ot vust.Lender mey►aecelerate the maturitV of the eecured debt arsd ; ��.,;.
<br /> ' ,�r�s;; demend immediate payment and may imro�ce the power of eale and any othar remedies permitted by applicabte law. •. �_Y
<br /> r - ' 11.Re�est 4or Nadee nf Oefa�dt tt ia dereby requested that eopiea of the notieea ot datauR and eate he sertt to each parson yvho I�a paRy 1 .},, "- --
<br /> � ?. hereto,at the address ot eaet�sucfi person.as set forth he►ein. .
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<br /> 12.Pawer of Sffie.M the LenQer iawkes the power of sale,the Trustee sheli ftrst reeord in the otf(ce of the register of desQe of eacf►county
<br /> j ' �•� wherein the uust property or some part or pareel thereof is situated a notice o}defauk contalNng the informatton requhed Dy law.The Trustee ,.
<br /> '• ` �� sfiati aiso mail copies of the nuttce of defautt m tfie Bortawet, to each persan who is a partY herew,and to ott�er pereone as prestxibod by �_
<br /> .� <<, a not in any . �;,_--
<br /> ,; . aDpticabte taw. Plot tess than one morrth atter the Trustee rewrda Me nottce of AefaNt or two mosrt�s tf the irust properiy i � 2_
<br /> incorporated cEty ar viilage and is used in farmfng oparatlons earried on by the trustor,tAe frustee shall give pubita notice of eele to ffie peraona ,
<br /> '-���' and in tha manner preseribedp�H apDD�icabie taw.Tnutee,without QemanA on Bortower,shall sell the propertV et Gu6tia sueUon to the Mghast
<br /> b. '�_' `�� bidder.H re4uired bine sate o ell or an1I�P�1 ot�the pr DenN by pubii�a announ�m�ert e�t tilie�time eaed plece�of any pr�eet�ous�sc.�he'du�et 4 sete. •'.. ,,}_
<br /> �� Trusteo ma�f Duatpo et any sate. �"�` �
<br /> 4 ,` ;; Lender or ita dasignee may purchose the property • _
<br /> i. U p o n rece i p t of p a v meM of the price bfd,Trustee shail deliver to the purehaser Trustae's deeA wr►veyin g the Oroperty.The reeiciats canta(ned in f
<br />.,4_.. � Trvstee's deed eha ll be pr ima fa c ie ev i d i en e e o f t h e a u t b o t t h e s t e t e m e n t a w n t a i n a d t h e r e i n.T r u s t e e s h a i l a p p h t tAe proeeada af tfie sate in tA9 ,,,�,. , , ..a..r
<br /> � foitowing order: (e) to all expensea ot the sale, inciuQing, but not Ilmited to, reasonable Trustee's fees, reasonabte attorn e�/e fee9 en d
<br /> �' r " relnstatemer►t feos;(b)to all suma socured by thb dcad o}trust,an�ic)tho betonce,it any,ta the persons tegatty entltted to receivo i� � '_
<br />:��. � �'' ; 13.Faredas�ue.At Lender's opUon,this deed of uust maY be foreciosed in the manner prov(Ae by appiiaaEfe taw fot foreciasute of mortga8ee :FI'�,.` 'c {�,,�
<br /> � � � � on real property. . ,• � •;—
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<br /> ` 14.tnsp eaflen.Lender may enter the property to inspecl it H lender gtves Bortower notice beforehand.the notica must state the reasonable ; , -
<br /> j �' cause for k,ender'a inspec8on. h
<br /> ± ':=..�, �>�=i �g,�ondemnatton.Borrower assign�s to Lender the proceeds of any award or ctaim for damages connected with a conQetnnation at other teking
<br /> . seau►itY a�emer it the propetty.Such proceeda wiil be appiied as p�oviAed in Covenant/.Tb�s assl8nme�Is subjeat to tho terma of any pttor
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<br /> ' ' : . `i:`�`• tg,Weiver,By exerdsing any remedv evaflabte to Lender,Lender Qoea not gtve up any righte to Iater use aml othar remedy.By not exercisinp '� � ,,�„�,_.
<br /> � ' any remedy upon Boaower's defautt,Lender does not waive any dght to later considor tha eveM a default H it hap0ens ageb.
<br /> �.��f�.����. � 17.Joirtt mW Several Ua6 Co�signen: 8ueeassote and Aast�a BaunQ All duties un0er this deed of trust ero jaint and several. Any � . ,
<br /> .; ,, •:. .. ��',; Bortower who co-signs thls�eed ot uust but does not co-sign the underlying debt insuumentte)does so onty to fl►ent and convey that ,' � ,.
<br /> BonowePa irrcerest in the property to ffia Ttustee under the ie►mitva of this deeo of ttust.In addition,sucA a Bonower ag►eas that the Lender and ,
<br /> , . .'', debt whhout th�e6onowe eiconsem nd wnho�reteasin thet Bort waer trom t�he terms ofethls Geed of truo�t}.�g d���of truat or tha seaurod ,..
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<br /> �'� r�` The du8es end benefits of thle deed ot ttust shall bind artd benefft the suceessors and asslgns of Lender and Borrower. . ,
<br /> � .}�� 18.Notlee.Un�esa otherwise�equi►ed by Iaw,any notice to Batrower shall bo given by detiveHng it m Ay maiting it by cortltlod mail adGre►ssod to �
<br /> ,u � Borrower at the pro�erty addresa or a�ry other aQdress that Borrower has�en to Lendar. Barrower wiil glve arry notico to Woder by certitiad
<br /> � � mail to lenQeYs addresa on page 1 0}thia deed of Vuat,ot to any other a dresa which Le�der has designated.Any otAer notleo to Lendo�sfiaii .
<br /> '+�: b e s e n t t o Lender's addreas as steted on page 1 ot this deed of truat. � ,� -
<br /> �ty:.: • . .
<br /> .r . � •� Any notice shall be deemed to have been given to Borcower or Lender when given in the mannet stated abovo. :
<br /> ��,`": �� . 19.Transtar a!1he Proporty or a Benefielal t�e►eat in tho Borrowor.lf all o�any Dan o}tho Droperty or any Interest io it is eotd or t►anatenod .
<br /> `��5 without Lender's prior wrFtten consent, lender may demand immediate payment of tho eocurad debt. Lender may atso Qemand immadtato .�
<br /> ��•'`' demand paymerrt inrttheeebiove situatio s i}n is proAibfted by tede�ral taw e of tho daBeto}thia Qeed�al trust nsferted. Howovat, Londer may not :
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<br /> ,�;;: . � . 20.RaeomroVa�ee.When the obligation secured by thia daed o1 uuat hae been paiA and landei has no lurthor obtigetion to mako advancoa . .
<br /> under the instruments or agreemortts secured by this deed ai truat,the Trustee shat�upon wtitten requeat by the Lender,roconvey tho t�ust
<br /> , . " propeny The Lende►shall deliver to the Borrowet,or to 8orrowot's successor�n Interost, tho t�uat doed and tho noto or otho�ovldonco of tho �
<br /> '; • . obligation so satiafled.Bonower slfall pay any recordation costa. ,
<br /> `.,�,��I • • • 21. Suceessor Tntatee+. LenEei, at lender's option, may remove Trustee and appoint a suecosso� trustoe by firet, madm8 a eopy of tho .
<br /> � � substitution o1 trustee as required by applicabte law,and then,by fiiing the 8ub9t1tutlon of ttustoo for recoid in tho offico of tho rCg�9tor o1 deed9
<br /> • • . succeed touail the power tduUes9ep��ri�and titte of tehne Trustee ameden ho doed of trust and o}any auccqssor t uatoe.��tho propoity,shatl :
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<br /> .,,_.... , _�; . . . : BANRERS SYSTEMS.�M:.•ST.CLOUO.MN 56301 Il�800.397�23411 fORM OCi-MT6NE 8�1991
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