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<br /> CQVCtiA�dTO �
<br /> 1,V�yntentr. Borrowor cpt000 to moko all poymonta on tRo socurod dobt whun duo. Untoea Borrowor ond Londar n�roo otherwise, anv -:
<br /> „ pnymonta Londor �oe�,fvelncl n,socand t�ntoroat�and h�n to Or��ta P�'�•a�Po�'�o�Pve�pnymont o}tho eocured dnbt occuie toi any rois�o nit wl I R:�,
<br /> oxClusivo of lntoroat p D� °•
<br /> �ot roduco or oxcu�o any oaM utod pAymnnt untlt tho aocurod dobt Ia pnld�n tut1.
<br /> � 2.Clsims fap�inst Ti11�.8ottowor wlli pey oli taxee,nnCeaemont9,and othot chnrpos ottrlbutabto to tho ptoporty whan duu nnd w��li dofand titto �
<br /> to tho proporri aAolnat any elolmn which wou�d ImDelr fho Ilon of thla dood of truat.landor moy roqulro 80f1owor t0 866tpn ony tighle,aialms or g
<br /> '" � do�Cn�aa which E3orrowar may hovo agoinat partioo who oupply labor or mntorinl6 to tmprovo ar molntn�n tho ptoporty.
<br /> 9.In9urarto�.Bor�owoi wtll kcop tho property inaurod undnr torms accoptablo to Londor ot Borrowor's oxponso ond far Londor'e banetlt. Ail W:,
<br /> �j insuraneo poticles slwil Inctudo e atandard martflngo etnuae in tevor of Landor.Lender wlil be nemod ua Ioss poyoo or na tho inaurod on ony such Y
<br /> a insurance pollaY• AnY inauraneo proeoodo may bo appliod,within Londor'e dlncrotion,to olthor tho roeteratlon or ropolr of tAo dor++a0ud proportY
<br /> ;�:� or tp tho aecuted daDt.If Landor raqut►oo mortpngo Inauraneo,Botrowor og►oon to matntain ouah Innutenao tot oa long an londor roquhott. � ..�i,�,
<br /> .�� 4,prop�rty.Borrowor wllt heap tho p►opotty�n good condltion end mako all ropalre rousonebty nar.osaory. ''F�;3
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<br /> � of�t o�+n any obllgatlon occuradYby thla dood of Truet S�oriowor wil�poy thono omount to Landor�as piovld°d in Cavonont 9�0}thtuhdoad of
<br /> .. � trust.
<br /> o� -
<br /> e cP✓l�ty8eiuetv lnt�nowor�wi�l pa��orm ulltoftBobrawor s okiipotwrons�undar eny prlor mortflap�dood ot trus4 or�othoi e�oc^ulry ngroament. --
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<br /> " • inc�uding Borrov+►or'a covononta to make peymente whon duo. � ;
<br /> � 7,Asdgnm�M of R��ts and P�ofib.Borrowor aoolgr�to Lander tho ronts and profits of tho proporty.Untoss 6orrower and Landnr hova egreod ,L
<br /> �� otharvulso in writinp, Borrowor may colloat end retain tho rents as long aa 8orrower is not in dutuutt. If Dorrowor dulcutts,Lendor. Lend�r's
<br /> agant,or a court appointcsd roeolver maV tako Qoaseaelon end manago the ptoperty and coliuct tho ronte.Any ronts londor colioot�ahap bo =�--.
<br /> '. .•n:. �� appiiad first to tho aasts of inenaping the proparty, Includin� eoun costs and ottornoys' toos, commisaiona to rental ago�nVOn e���any other �
<br /> � ,'�� necessary rolotud exponaos.TAe�emalning amount of rertts will then npply to paymonts on tho sacurod debt as providod In C ry',-_
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<br />".,�:';.�?r: �'. ;;s,�.. 8.L�estholdrt Condomi�umai P1anned Unit O�valopmeM�.Borrowor agreas to com ly Wlih th0 plQV1810n8 O�OOy�6060 If Lh18 dOQd 0}LtYIIt f8 On - _
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<br /> i undor tho�covona�nts by Iaws or reguletlons of the Cod�om�in um or ptunned unn�dsvotopment�t�Borrower wlll perform ali ot Borrowor's dutioa
<br /> •.�;i.'., . S. 9.Authodty of Lmdu to P�rtoTm tat Bonow�r.li 8ortovrar taUs to_pottorm any af Bonawer's duties undor thls doed of uuet,L�ndot may �L_,_
<br />"�+;�;,' poAorm tho dutiea or causo thom to bo partormad. Lendur�rtay aiDn Borcower'e nam�t P TYm3y do whotover isenec°�ef ary to�Proteat lender's
<br /> " construation o�4ho pToperty is dlscontlnuod or not ourtled on dn a�sAOOnablo mannor, nd
<br />' security tntareat in the property.This mny inc�udo eompietin8 tho conaVUatlon. -
<br /> � �s Londor's failuro ta potiwrt�w1i1 not proetudo Lendar trom oxerclsing ony of its othor righte under tho iaw or thia deud of bust. �'
<br /> Any amounto pnid by Lendor to protoot Landor'e aecurity intoroat wili bo socurod by this deed ot trust.Such amounte wfll bo due on demand �,
<br /> . end will boet tntereat ftom the dete of tho paymoM until paid in fuli et the interoet�ate In efteot on the etoeurnd debt.
<br /> D ay°°eMOnugpcunr�ed by�thi8 d ed o8uu�ot nny prio mort8 9 poi dead othttust.�Londor maYe acCele�ete thoemetduerl�of�o seeur d debt atnMy F`°
<br /> demend fmmmtiate Rnymeni 6r.8+�sY ksvalce fha i�'y��f""�^""d eny nthor romodloa pormittod by apptloebio Iaw.
<br /> r herewe t`�tho eddres�s of eochfsucfi�persanteos set4orth herei^•coplea of tho nottces of doisuh a�d eei�bo cont to oech porson who is�RartY _
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<br /> �'��' �"� ' whe e�n tho uust PfatPB�N a�eOm9 Pan oi pn�c�b thereof is°a i�ea e nociee�oi eo e�ii contatn n�the tnTto=rmetton�re4uired by 9aw.The Tr�us�tee
<br /> �;; oreto,and to othor peraoNa oa tosct(had by
<br /> -�"'��� `�� " sAait etso melt caplea of the�oUw ot default to the Bonowa�,to eeoh pereon who Is a pattV a not in eny
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<br />_�;.�. �ppllaeble law. Not less thnn ono morrth nttor the Ttustae recotds Mo notico of dei�t�,�stee ehaQ 8�va pub c no�af selo to tho persons
<br /> y;�._,.; naorporatad city or viliapo and ia usod In farming operatlona carried on by the truetor,
<br />:�� • • ���j;,�,; and in Me manner Rreecribod by�epppllaab�o IHw.T�uatoo,without domand on Borrowor�,t ysholl eoil tho propnriV et publb auetion to the hlyhost
<br /> `� .' 7rdustea�ma�y Po�Do^o 6ni98ot all orr any par�°Itof the propeRy by public onnouncoment af 4he time apried pieco�of enb�evi usty echp��d�uled eate.
<br />- • • �• tonder or its dosipnoe may purchoBO tho proporty at any salo.
<br /> Upon receiyt o4 peYmnnt of tttt�pTi�a bid,Truateo eheN delivot to the aurchasor Trustee'e deed convoytng tho p�oporty.Tho roaitlais cantained in
<br />`�}, `� V Truatoo'e doeO sAolt be primo faeia �vldioneo of tho Wth of tho atotomonte contoined thorain.Ttuatoe shali apply tAe proceode ot tho snla tn the
<br /> ��'---.�:`.;:;�'; fofiowing ordor.(e1 to ntt oxponsea ot tho seio, Inctudinp, but not limited to, roasonabio Trostoo'e tees, renooneble attomeY'e feos and
<br /> ����`;,,,;, . reinatatemont fee9; (b)to ell sume saeursd by tMe dood of truat,and(0)the balanao,H eny,to the poreons�epaliy entiUed to raeelve it.
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<br />- �.� '•,',s 1g,Foraclosu».At Lendor's optio�,thla daed oi truat mey bo forociosod in tho mennor provide Ey nppliaabfe Isw for forectosure of esortgages
<br /> `�'-----�--'� o�reel property.
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<br />-,.:�:,4.�:.� 14.tnsp�otiw�•lender may enter tho proporty to tnapect it if Londor glvoe Borrower notico botorehend.7�e notice must�toto tho roasona e +.
<br />�;�` . � ' causo tor Lendar's tnapnctlon. ''"'��
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<br /> r ;';'�' 16.Cond�mnattae•Borrowor aaelQns to Londnr Nx+txeaoods°}e^V aWnrd or elnim fm dame oa connootod wfth a condomnaYionor othor teking -
<br />='r_.:�.. . .����[6� of aU or any pnrt e4 tho Woporty.sueh proeomrls will be app�iod no provldod in Covunont t.�is easipnment is subjoet to tAe terma ot any prtot _
<br /> •`;:"`:•,•.. .�4 7;� securit�►ogroemont. -
<br /> .�,a`�y,4J�`.,s .,
<br /> �,. -,.,_ 18.Waiwt.By exenlatng any remed�avait�bio to Lander,Londer dooa not givo up any rlgMs to teter use eny otfierr�ra g�o�Y• BY rtot oxQrCSEnO .
<br /> —�� arry remenir�P����L1����41�"��� "^d°r doos a�ot waive any riflht to�ntor conaldor tho ovent a defauit tf it heppo .
<br />����� t7.Jdnt a�td Bw�nl U�I�Cattprans 8ueeoawra ra�d t�C� B°��. aQ d"�°s undor thia doed ot truat aro �olnt and aow►ot. Any t =-
<br />;�':� }.'s�t!�'� Borcowat who co•sipns thia deod ot uuat but dooa not caeign tho undortyiong�it'�na d`mo�tlsuch e Borowar or ea ma�m Lor der a�ndt
<br />°-=;,���+_�-��:��j`%��£' Bonowor'e iMeroat In the propertll to tho Trusstee undor tho totms ot thie dopd f
<br /> �...�.�'".;�4��,�Y• any othor Bottowo�under thfs doad of trust mey extend,rt�odl}y or moke arry othnr changea In tho terms ot this do¢d ot tru�t or tho cocurod _
<br /> i� . - dobt without Met Bortowor•e consoM a�d witnart reloesUg Mat Bottowm hom tho torms of this doed of truat. _
<br />` � Tho dutioe end bonefRs of thio dood of uuat cshaA bind ond Ixmefk ttro suecoasors ond oesigna of londor end Bottower. _
<br /> 90.NoBc�.Uniosts oMvrwi�o requtred by low.enY notico to Borrower sha�i bo pivon by dotivedrtg ft or by melitng it by ce*tified metl nddrassod to �
<br /> ' '�� 8orcowor ot tho proDurtY 8ddroas or any othor oddross that Bo►towor hns g[von to 4endor.Borrowor wili pivo eny nodco to tendar by coniflod ._
<br /> �, ��r mnit to Londar's addroao on pogo 1 of thia dood of irua�or to any othor addroaa which Landot has dosifluatttd.Any othor n�tfco to 4ondur shail F r
<br /> '���;��,� be sant to L�rtdor's addreas an ntat�d on paga i of Mla dood of trust. �,:_
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<br /> .���';!?�i. Any rtotico ehatl bs doomod to have b¢en piven to 9orrov�or or Lendo►whnn giveo In tho mannor a t s t o d e t w v a. �_-
<br /> y�;,,� ' i: 19.Tram€or of tMs ProD�ritv oT o B�neRcW MUnst In tls�8oaowN•M ait por any part of tho propo�y or eny Irtorost fn It ls ao�d or tranator�ed ,..
<br /> R;;�� . .'�1{'Jr,, potymoht If t%Bo�i�wo�is not o�natuial paiwi�undda b�onoflctnl tntaiuet�in tho Bonowe�isusoad ab trnnnftlrted Ho'wavet�la+ulormmey rtot a�=�-
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<br />�: :.�`�;,•,!7�� domond poymont in tho obovo oituationa if it Is Orohibitod by fodoral low as of tho dato of thia dood of trust.
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<br /> �,,���.._ 20.Re�onv�thna�'WhNnn�°omonm�soe�red Y thta doed of truat�,tho Tnta oo hod�upon�w►dltton roquos4 by tho4o dur�roconvoy Mo nUU�st
<br /> -=:'�� - .._� . -- u.��..m�Amei and thu f10tD Ot OLhW OV{dOtICO O}th0 ��•"�--
<br /> �n�uo. ...._.�__.._.._
<br /> 5 � • � � ptoportY•Tho londor sAoli dolivor to thu eorrowot.Of i0 ffOi�OWOf 6 Otti.iveov��....:o.....-�- -------- -
<br /> �, ' oDligotion an satlotiod.Borcowar sholl puy n�y r¢cordatton c�sts.
<br />�a� � 21. Sueceasot Yewt�s.Londor, ut londor•o o xlon, mn romovo Truatoo and ap��of wa uo torioeo�in tho�effleo of thoCgistapof doad9 • �,
<br /> ' substiririlon ot truatoo oa requtrod by opp�fcaLdo Pow,and tXon,by tfltnp tho subrstituti
<br /> - .. succeed t�o alt�tho poh!uor tdutisa authoriH nnd Utlo of tho Ttrus�cso�nomo�d in tho�od od ot truat nnd ot any Bucc�ossorvtruatoo.�t�P����•a�li
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<br /> . . I OIWKER9 BYBTCU9.tNC..ST.CIOUD.MN 00�01 tl�800��91-1�NI FOrtM OCP�M1�OdiE 01t01p1 __.—.
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