|
_'::�z;��`: i� .
<br /> :�: a- �E: �r
<br />= r_ � �-�-'.'- �. :.T"'_�
<br /> - J S'�. :�,Y:''��i''`= =. .. - ._�.i .�S-�r.i'�� _-_.�._
<br /> _ �i �.i iFV3 ..... � - .V. '�. _ _ _�_�__ j�. �
<br /> _� ..�.. 4�4�7''t. , . ' . --. r , -t c ' . .- . - :c ' � `` C '� -'-
<br /> , i. ..�, _ -c � �; < � - . +. - < 4° � . i. . �� ;cs,..
<br /> �- :� � ° xY f .` Fz t -, - .. ... £y. . _ . 4 <j o <. �� � r c .�F ,e� c. -<-
<br /> . t,� - .i .Y � � ._ c_� c - er. -�- �- b r ���-. � r � C t 6 .k�t ` � c. w � 4 4�r
<br /> �� "` � .t.-'r� ��Y� Y-f_Z _i41+i�c t :c._ � __r+' ���__i._�:._..eS_._.. r,.a � �._..._..` K�..__..,...a.._--�_—..._..._. . ..'_" r : .
<br /> .`� - �� ���,..`
<br /> ` ? ��� � ( �.�..;
<br /> .. �� 9g������
<br /> � � �
<br /> _ � t �� �o�� �
<br /> -' �. ��, 1. Payments. Borrower agrees w make a!1 oaVmente on tho eacu�ed de0t whan Cuo. Unlose eorrower an4 londor a�ee ut�arwise,any �� � `"L'
<br /> 1 �� � 4 4 <
<br /> ,.,_. paymeMS Lender receives fiom 8omower ar tos Borrowet'8 danoht�nnll be epDUUd tirct to anY amounto 8orrowor owes on the seaued debt
<br /> ;,;�,� r ." : -``.�'- exdusive of Interest br prineipel,6eoond to btietest,8�0 th911 t0 pntlCiQe1•�I D8tt18}C/�Vm�+n 01 ih0 80CUt0A OeDt occues for any reasan,a wiu �`4 f �
<br /> - � not reduce or exeuse any scheduted pmyment wrtii the sewr@d Qobt ia peid in(uU. �<:��, : � '
<br /> °' � :� .t �.
<br /> `y y,l�b�Aga�at Thte.gprrower wi(1 pay alt taxes.assessmonts.and othm ehar8us em�butahe to thoproporty whan Que end witt de[end rtte 4 ; .
<br /> ;v { •� tp the propertY against any cfaims rvhTeh woutd Impatr 1Re i��01 this dottd ot uuat.Londer moy rt�Quve Barrowar ta aas�gn anv rights.ctartns or �M� , , :.
<br /> -`�=<�-�-.:-_:�-.`t.' � _ detenses ait�id�Bptrower may have ageirot partles who suppty tabor or matm�ala to imfgovo or me�ntMn tAo propertY. �
<br /> x � .. �, d� ``
<br /> s ' S� � -
<br /> t+-` � '":'t 3.truputu�w. Borrower wID keep the proPertY insuted under terma aeeeptebie to Lnndro et Borrowor's eapense and for lende►'s 6eneti4 Atl `�` G
<br /> r . � ��•:� insurance poGciea ahaU inetude a stanQatd moKgago eieuse in taw►of LenQOr.Lender wwl be�am4ed a3loas payuo or ea the�ns�ued o�a�4 aacfi
<br /> � � ';j insurance pol}cy.Any insurance proeeeda may be a piieA,wlthln lenQer'a diacreuon,to e1tMx tha rastnraUon or repen of tha damaged property �• ,
<br />� # � � � or to the seCUred GeGt.M Le�r r�s�t8888�U►enee•SOn°w9r apreee to maimain such cnsuranco ta es fong ea l.ender requires. .
<br /> ' <� �„r,�R 4.Properhl•Bo►►ower wiil kcep the property in good eonditian and make efl rapa�re maaonaEly nocesaerY• � - �
<br /> -�-� '}':° Y� 6.Expon8e9.Borrower a�rees to pay el�Leader's eupensea,ineluding roasonabto aROmoys'taaa.1f Bormwor tneake any covenante in this Geed ,r E ,:
<br /> - '�'� '- � of trust or in arry obUgatan seaued by Mta Qeed of uust.Bnrrcwar vnll pay these amourta to LenQat as prowlQod fn Covaeant 9 of thia deed of _.
<br /> �c� � �}�y a'�: LttiS'f. - .
<br /> � 8.PHm Sewdty trm�este.Unless Boao�ver first obta(ns Len�r's writte�consent.8onowor wiil not meke or permn any chanpes to any prier ,� T � .
<br /> � { �` -
<br /> � ., `� securiry interesta.Borrower will perfarm ail ot Bortowera obfigat[ons undor erry Ar�or mostpege. Qeed ot mrst or othor eacwitil e8reemeM, ? r�
<br /> � inchcdm9 Borrowor's eovenaMa m make payments when due. :f
<br /> �s3.. , . . �, � .
<br />��� f �'�, 7.Asn�nment af Rertts and ProHta Bartower esaign9 to Lender the rocrts anb proflts af the propefty.Unloas Bonowm and Lender have agreed , .F `
<br /> � � otiterwfse in writlng, BOnower may coltect and retain the renta 88 long a9 Bcrroww Is�tOS m datault- 1t Borrowur QslauitB.Lertder, Lender's
<br /> ' : , , ' .. N:'' agent,or a court sppointed receiver may tako passessian and menage the Droperty anA cotlect the rents. Any rOnts Lender cottects sha�l 6a .4 � � �.
<br /> ��-` � - ne At�cessary ref�e�en�sest T he rem�a i n n�g amouM o f en�w i l l tl�ien a p p�B P a y m a n t e o n t t e�c e w r e m A d e b i e a�o v�d e d�i n C o v e n a n t lern�er , .:
<br /> �r•F:'; _:'..,'�,_ .;� . :�.r- ` ,,,,;. .
<br /> r g,Lea�ehatde;CanCominiuma;Ptanned Urdt Davetopmecrts.Bonower agrees ta compty wlth�ho ptowa�o�a of nny lease it this'Qeed of ttust is on ,, �.,�._
<br /> b�.� � S , a leasehold.It thia dead of trust is on s unit in a candominEum or a planned unit development,Borrowor wdt poHorm all ot 8or�owor's dutfes s _
<br /> � under ihe ca�enar►ta,by-laws•ar reguladona of the Condominium o►planned uMt davelopmeat. r =
<br /> 'iF ,r� •, �`
<br /> �'��_ g.Aufhosltyt of Lender to Perform tar Bor�a�v�.M Bonower fa8s top erform any of Barrower's dutiea under thls deed of trust, Le�der may , F- .;
<br /> perform tfie datlea or ceuse tham to be pe�tormed lender may sign BOnower's name or pey eny amount if necosaery tor pe►formance.II arry �
<br /> �y`��� � , ?� � consttuetion on the proparty is disco�►tinued or not canied on In a reasonabte mannar.Londer may do whetever is newaearY to protect Lender's �.` aF
<br /> rf i�•, . securiry irrterest in the pruporty.This may indude compSeUng the oonsVUUlon. �•�+ � '
<br /> �� � ` � �` Lenders failure to perform will not preclude Lender irom exercising enyr of tts otAar rlghts under the Iaw or thia deed of trust. .'.;'�:
<br /> �' � � �'{=-'.• Any amaurts paid by Lender w protect Lender's security i�tareat wiU be saoured by this deed of trust.Such amnunta vdll be due o�Qemand � '�
<br /> .,;: ;
<br />- ; " �. ` ' and witl bear interest irom tha Qate of the paymert until paid in tu�t a;the irrterest rate in etfect on the eeuuod debt. �
<br /> �,<< .. t .p. ;.
<br /> u : 10. 08latdt artd Aecotertitlon.If Bortawer fails to make any paymeitt wheo due or breaka any toveoanta undei this Oeed of dust ot eoy r F t '
<br /> �i �s �. obligaUon seaued by U�deed of trust ot any prior mortgage or deed o1 trust,Lender may accetereta the matuttty of tho aecured debt and -
<br /> f�; ; , desnand immediete payment and may invoke the power of sate and any other remediea permitta4 by appircsbte�aw. �� =
<br /> �; ' s� _
<br /> � � � 71.Requaat fa►Nottce of Detautt.It is hereby requested that copiea of the noticas of dalauk and eate be een!to eaefi person who is e pariy ��, �
<br /> .;:,i u . • hereto,at the address of asch aueh person,as set farth herel�. , -
<br /> •r•-;-• j�%
<br /> � �' �� � � 12.Pow�at Sffie.N the Lender invokea the power of eete,the Trustee ahall flrst recorG in the oHice of the regietar of deeds ot eaefi wumV � 4_ :�!'L.,
<br /> � � ' ' .� whereln the trust praperty or some pan or parcel thereof Is situeted a notice of defauit eontaiNng the mformation roquUed�y law.The Trustee ;r��r;�
<br /> '��: ��I ���;� shali siso mail copies of the natice of default to tAe Bortower,to eacfi person who is a parry hereto, and to other persorto es prescnbed by :�,.•
<br /> ��'; ' applicabte law. Not lesa than one month atte�the Tnistee records the notice of default, o►two montha it the truat pwporty ia not In any , '�J�,�;:
<br /> .,�;-`� ���: - � � `�"�'- I n c a r p o r a t e d e i t y o r v fl l a g e an d ia used in farmi n g operationa car►jed on by the trustor,the Trostee ahall give publia notice of eele to tfie pereons ;;�:��f=
<br /> � � , ; and in the menne�prestxibed bY�apppltCebte law.Trustes,without demand on Bortower,shail seti the pro0erty at p u b l ia au c t ion to t h e M g t w a t � �,
<br /> ,�, �•<.• ., _: Dldaer.ff requlred by tfie Farm Ftomestead Protectbn Act,Trustee Bhail oHer the property in rivo eeparete eeles ae raquired by epyltcaCle law. r,. ,.
<br /> �+,1:= ` . . . ,;�;; Tnistee may poatpone eate of eU or any parcel of the property by pubCic announcement at ihe time end placo of any proviouaty schedufed ealo. i,� "
<br /> � i.ender or hs designea mav purchaae the proparty at any eate. h: r�.
<br /> �uc L � �;'
<br /> � �' , . . Upon receiat of payme�0 of the pdee bid,Trustea shall deiiver to the Durchaser Trustee's deed wnveylng the prayetty.Tho reeftiat8 contalaod In ;� i
<br /> � � '•} T�ustea's deed ahall be rime fecie evldienee o!the VutA ot the atetemente contained therein.Trustee ahall appty the proceoQs of tho aalo in the
<br />.�,,,�.; toilowing order. Ia1 to all expenses of the sale, inctudia8• but not limrted to, reasonablo Truatoe's tees, reaeonabie attornoy's fom and
<br /> } ; 4 .: reinstatemeM fees;(b)to ail sums secured by this deed of uust,and lcl the balance,�f any,to the persona Iegalry enthle0 to receive it.
<br /> } � � S,
<br /> �j;� .i. 13.foreelosute.At Lender's oDtion,this deed of truat may be toreciosed in the manner provide�y appiicabte taw fo�foreetoeure of moRpagos <<
<br /> �Y .: 1 . ,.; on real propertv- :,�+'�
<br /> .� � � 14.GfapecUon.Lender may ertter the property to Inspect it N Lender givea Bonawer noUce betorehand.The nottco muet atate ths�aasonebte __
<br /> ��-� `` ' � eause for Lende►'s inspection. . �• ,
<br /> .3�::; :.�. , �� . ' .,�i ' ..
<br /> 16.ConQemnation.Borrower assi ans to Lender the proceeds of eny award or ctaim for dame�ge9 connoctod with e condemnetion o�otAO►teking �`•`
<br />�.��:'' • ' ' • of all or any DaA o1 the ptoperty.Such proceeda will be apD�ied ea provlQed in Covenant 1. This assignmont ls euDject tu the terms of aml p�tor .
<br /> �� - � - � !: '• BeCtRlty agfeemellt. . .
<br /> '�'� ��� S'� 16,Walver.BY exerclsing any remedy avaitabte to Lender,Lendet Qoes not glvo up any�ighte to later uae en othor ramody.8V�ot asercisinp
<br /> ����s; . , any remedy upon Borrower'e defau{t,Lender doea not watve any right to Iatev conslder the event a default if it Xappone apain. • �
<br /> �;:::- .
<br /> •�4� , � � • 17.Jobst end 8evera1 Uabiltty Co-st�oro; 8ucceaacro and Aaelgns Bound. All dutiea under tMa dead of uust ere pint and sovarel. Any ��"' .
<br /> � i;_; : . . .
<br /> �? ,;�_ • Bortower who co-8ign9 this deed of vuat but does not co-slgn the underIyIng debt instrumentls) doea so only to prent and convoy tlut
<br /> i': Bortower's interest ln the property to the Trustea under the terma of thia deoQ ol truat.tn addltlon,auch a Barowar aflreos that tfio Londo�ond
<br /> :���`C ' any other Borrower undor thie QeAd of trust may oxtond,modifLr or mako any othet chanaoa in tho tetme of thfe dead ot dust ar tho saCUrgd •
<br /> -h� '_Gr'• . � debt wlthout that Borrower's oonsont nnd wlthout refeasing that 8orrower"trom the te�ms ot this daed of trust. .
<br /> .g�!_,.i... �,�'==' ..._ -
<br /> '��..,;;� � . The dutiea and beneflta of thia deed of uust shall bind and benefit tha succossore and assigns oi LonGor end Borrowor.
<br /> ��'�- '- • , 78.NoUco.Untesa ot�etwise reqWred by lew,any notico to Borrower shall bo givan by QolivoNng it ot by mollmg�t by co�td�od mad eddroseod to '",
<br /> � • Barrowet at the ptoporty addtoas ot any other addtoss that Botrower has gIvon to Londor. Borrowor will givo a�y notico to Londer by cartd�od �
<br /> mail to Lender's eddresa on page 1 of thia doed of uust,or to any othor eddresa whlch Londor has doslgnato0.A�y othar not�ce to Lender ehall t' . •
<br /> •:�:`,'�:�'• be sert to Lender's address as atated on page t of thls daed of trust. � . �
<br /> �1 . . . . . � : -� .
<br /> � , I Any noUce shall be deemed to have been given to Borrower or Lander whai pivon in the mannor atateA abovo. .
<br /> ',Ct,';,,•, • • -
<br /> ='e>,�� �� 19.Tranafor ot the Property ar o Bonoftelal IrKOtost In tho 8orcowor.If all or any part of tho propettY or eny mtoralt�n rt ie eotd o►cronttOrrcd
<br /> ' � � without LendeYB prlor written consent, Lendot may damand�mmodiato paymont of thv aocutod Qobt. Lendor mey etso demand irtsmad�ata . •
<br /> .�.''' �.� � payment if the Bortowet ie not e netural person and a bonoflclal intaroat in the Boirowei is sotd or transtonod. However. Londet msV �01
<br /> t.. ., dernand payment In the ebovo situAtions i1 it is prohiblted bV tedoral Iaw as ot tho dato of this tlood ot trust. :
<br /> -�;.'. �._ '.. . � . .
<br /> � 20.Reeonveyanee•When the obUgat�on s�cured by this doed ot trust hn9 beon pa�d,end Londor Aas no furthor obt�Uation to mako edvanr.oe _
<br /> y�y�,'� • . undot the instrumerrta or apreementa secured by th�s deed of trust,the Trustoe shelt, upon wntton raquost by tho Londar.�oconvoy Iho t�ust , � ,
<br /> ,:..,_ `� • property.Tho Lender shatl delive�to the Borrowor,o�to Borrower's succoee^r m intotost. tho trusl deeU and tho noto or otho� ov�donco of tAO �
<br /> •,..• , - • , obligation so satiafied.Borrower shall pay noy rocordation costs. � �
<br /> �.�'..:� . ,
<br /> b.`:��. � � 27.Suceossor Troatoo. Londer, at Lender's o tion, may romovo Truetoo and appomt a euceosso� trostoo 6v ►��84 ���II�����l1 � ��YV ��� ��a
<br /> '.`' '}' • substitution of trostoo as roquired by aDP{�caGto Paw,and thOn,by fihng th0 subSt�tution ot L�ust00 tor rocord in tho otf�c.o b�t�+o�n,y�stnr of daeAs �
<br /> ';;�' ' � . of oach county in wfiich tho trust proporty,or some part thoroof, �s situntod. Tho successor t�ustoo. w�thout comoyanca r�►�nn p�npm��, shnn � �• •
<br /> - - � • sucteed to all ihe power,duttea,authonty and trtlo of tho T�ustoo namod+n tAo dvod of trust and ol eny succossor tructoo i ' .
<br /> . �
<br /> . , n j :
<br /> ..'�;.�'' . 4 ' . .
<br /> �
<br /> :�' .
<br /> ' �,e,,e� ,,•�, i� �
<br /> ��. • � . .
<br /> . BANtER5SvS1EM5 �NC ST ClOUO MN5610���A�7y�17a���n�Mn�PNT�.4ie+�v+ - - ,
<br /> . i
<br /> �t S I
<br /> ��• , .,
<br /> �'� . .
<br /> , � S t
<br /> . i � ,
<br /> .y„.l. _ !' ' .
<br /> �j� {. _
<br /> .. __ ` .. .... . .. ... . . .. . ..�r.., _ . . .. .. . . . - , � .. ._ . .,. .. . ,.. . . _. ..�3� ... ... .. . . _.,. . '`�._ ,..,�°'- - . .. .,t.., a ...... . ., _- .:
<br />
|