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<br /> COVENANTB � `�
<br /> 9. Poy�n:rRai. Clarmwr�r ca�ca� �u ��aKo c►1 peymentn on the decursd 6ebt when due.
<br /> Unteae Borrower and Lendet oevse othorwlze, c�n ��
<br /> � peymenu l.ortdvr raaa ves rom 9or�owei or for Oorrower'a desefJS�v81 6a ap�lleQ 91rat to aray cnounto C�rrorm.T oe�e�oa iho cocurcd u�H �� ,.
<br /> not reduce ci ox Db 8siyischedu ed ptymanttun II tho socurad dbbt Fo�po1id in�u�jai prapaymsnt of!he esewed debt oeeun for any reaion,It v�9 �.,
<br /> �° r
<br /> � g,Ctetsyta Q��i Ttilo.Borrowor vdtl poy all texos,q9sosemente,nnd othor chargoa ottribumbto to tho proporty whfln duo ond wtll dotond etta
<br /> to tho proQa�ty nS1otnct�ny cluim3 v�hich v ould Impafr thn ilon of thin dood of ttust.Londor may rovufro eoerowor to nnatpn any riphto,claima a �•-
<br /> � defonaee v�hich eortpw6Q mey havo agotrns�parUes who eupplY labor or mnteriela to fmprovo or maintafn tha propurcY. �,:�`..
<br /> �--.-- 3. Inawmsao.Borco}uq�W���Itoop tNo property insurod undar totmo aocoptablo to Lendor ot Bonowor's expenae und iot Lender's bortott. AD �;
<br /> -.----°- ..�_�..._
<br /> it18WeRW yurwioa o.�mr�:w�....�.��t�dard e'ror4�e8e��°�^lnunr c!Lnndcr.Lortdor v�fll b�namod ae�oea OsYoo or oa tho insurnd on nny au
<br /> S orsu�aa�cu��rad dobt�t�lsndor eq udea8mortflage Pns�u�eace�t Borrowerraerees to matntain�such insurence f or es lonp ea�I ender requ os��., �
<br /> ; ��_
<br /> �En�
<br /> �:_� 4,prc,porqr,Bonotivr�r�vili keep the proporty in pood eondiUon and make all repatra reasonabty�ecessary. �,,,__
<br /> .� �
<br /> •� -ri`�'%� 6.Ex�tonle�a.Botto�vm aQreos to poy nll Lende�'s oxper�ea inctuding reasonabia ettomeys'tees,if 0ortower broakn eny eovenants in this deed
<br /> of uu8t or in nnV o�45paUOn secumd by thia deed of truet.�orrower wili pay thaso emounte to Lender es provided In CovenaM 9 of thia deed of �_i
<br /> . . ttust. �_
<br /> '+ � 8.Pi}�g �Infi�ma�n.UMoss Borrowet flrst obtatna Lender's wrttten cansent, Borrowsr wil!not malco or permk any chan8ea to any Prkr -
<br /> � j�o���g @M,q�notvcr s�a�mmna�rta ta make pa�yme�cs wAanBdue��IigaUons under eny prbr mortgego, deed of truat or other sacurity e8reamem� N�,`
<br /> _—�• y,psalpn�coM op Qn�tt��ttd p�oRts.BoROwer easigns to lender the ronts and profite of the pmperty.UMess 8orcower and Lender heve agreed �•
<br /> othorw�eo In wrkinH,,Eionower mey coileat and retaln the reMa as long es Bottower is�ot in defauR. If 8onower defa�he. Lendor•t.onr9et� e�a
<br /> agont,a a court appointad reeeiver may teke posseasion and menage the praperty and colleat the certte,Any�ertts Lender coitects snalt oe �
<br /> .c. applied flrst ta tho caots of mnnaging the property,Including court costa and attorneys'tees,commissions to rerrcel ageMa,an�any othr _
<br /> ' �ti� �oaesaery re�eted euponAes.The rematning amouM ot reMa�vili then appty to paymerna on the aecured debt es provided In Covenant 1. �
<br /> � 8.���� �,�p�� �p{�d utdt pey�loptn�nt�.Borcower aprees to comply with the provisions ot any loase if th(s deed ot truat is on
<br /> `�' o foesela�,i�this dae ot trust ts on e unh in a condomtnium or e pienned unit davelopmerrt,Hottower wUl psrform afl of Bottowar's dutlee _L�_-�
<br /> +�,� under the covonoMO,bVaews,or reguietions of the condominium or planned untt de�.ebpment. �.
<br /> � 9,p��;Ey o}���e�p�rfarm tor Bortown. If Borrowar falls to�erfo►m eny of Borrowor's dutiea under this deed of trus� I.ertdar auY �.
<br /> perform tho dutlaa oz oouso thsm to be pertarmed.Lender mey sfen oROwePe name or pay uny amou�n if e�eeeseary for performanee.If ceY
<br /> construotton on tho prapertY is discoMinued or not carried on in a reasonable manner,Londer mey do wh�rever ta rtecessary to protoot Lartde�s �Y#,-
<br /> � sccurNy irmuest in ttto propetty.This may Inciude comptettng tha construcden. �--
<br /> f�'�',
<br /> I.endtlr'e fniiure to pq�arm will not prectude Lendor irom exetciaing any of ita other rigMs under the taw or thts daed of trus4. �,,
<br /> Any�moun4s,pakfl bv Lender to proteot lsredor's seeurity interest wfll be seeured by thEa daed oi tnest. Sue�t umouMS wfll be due on demend �
<br /> -- end val�banr iMe�ast hom tlie date of ti�a paymeM u�il peid in tuit at the imereat rate in eHect on the seeaea debt.
<br /> Qa;
<br /> ' .;," t0 Detwtt�nd'Q+ACela�tion•�f Bortower faila to meke any paymert when due or breaks any covena�under this deed of truat or enx �
<br /> oblSgadon eaaured by this daed of truat or any prtor monpage or daed oi 4►uet.Leeder me�yacceterate the mawrity of the secured d8bt ano �_
<br /> �, demmnd ia+nmedtatu•ptrymeM end msy invoke the power c+f eels and amr other remedies permitted by eppNeebte tew. �;�
<br /> ��:_
<br /> �;� ;, r�_ , �;,��;,,�a m g��y��xY,!L{o}�,�,�y raquasted that eopies of the notieea of dofauk artd enle be aent to each pe►son who la a �letht =
<br /> �., har8to,et thn ad6rass of each such pereon,as set toRF►harein. �
<br /> ',�'•'' ' 18. Pow�r o'p Bam.1P the Lendet Invokes the power ot sate,the Trustee ahall ftrst record in the oHlee of tfie register of daeda of esch Cowhr .
<br />?- �:�;�.:.`• ' whorein the trus�2 pmpe�'h+ar somo part ar pnroel theroof ia aftueted a nntice of detauit eontaininp the infumation roquired by law.The Truin� __
<br /> .•*• sha{!also matt capFas of tfie mtice of defauft to the Boaowar,to each person who i3 e party heteto. and to other Qersons espres cribed by
<br /> '-����*�W`�°�• appltoebte Ir�rv.Ncti�tesa than one mortth afYer the Trustee records the notiee of default, or two moruhs if the Uust property is not tn Ny
<br /> ;".-2�r�F� . incorporeted c;N a�will�aQe�ad b eppptieabte�lew�Trur�witti�ou�t demaM no B�owei�shaU s�eile�p�ropm�tVlat Wbita aue�tlon t�o t�horhtgt��sc .
<br />�'-„_-1 : and fn the mpnnev�p Y�
<br /> ur�° bEdder.lf ro�4e1•by the Farm Fiomesteed Piroteetion Aat,Truatee ahali oNer the gropeRy in two separato sates ss required Dy appilaablo Uw_
<br /> :'ti:,' ��� �t�aotae moy paEipane sate of sIi or any pareel of the ptaPertY bb Wb��a n��ouneement et the time end piace ot any ptevfously scheduted�+ta-
<br />�;��� Lortdm or im dos;�ooe mey pu�d+sse the proparty at any sate• _
<br /> � Upon roan(�t of ppqmeM of tho prica bld,Tneotee�hafl dellver to the pureheser Truetca•�dsed wrneying t�h�e propeM•71+s rocitlats eo��tatnod Ir+
<br /> ;,;;,;�;�,;"' Tn+�toe's doed c7�l�d be Drime facib evidfenee of Me tMh ot tAe eutemeats cor►tained therotn.Trustee s�►apply the pre�oe e�orfn�e eataee�fe�
<br />_,�4,,., . , tctta�:�� czdc�rr: ftt)to ett expenae� ot Me ute, tnctudlnp, but no4 limked to, roasontble Trume's teea.ro�onabi �-
<br /> t 4��� �¢t��mont toaw(b3 to ali sumo securod by�hts Cesd of wat,and tol the balance,if any,to the penon�tepalty entitled to roceiva it.
<br /> - -''-'-� �g, �ra.t�.t lsndsr's optton,this dsed ot wst moy bo foreetosed In the menner provids by�pplieable tsw fo�forsctosure of mortyipea
<br />-----_ — on roil property
<br /> =�;��' �41.�activm L,e�er mey emer ths properiy to Inapeat R if Lender gtves Sorcower nottce beforohend.The nottee must atate tt►0 reauonebte
<br />_-_:_- ---„��, cause o�Lmndc�'r3 Inapeatlon. v
<br /> '��°`�" �s,CondomrMq�n.Barrower assi Qns to 4onder theproeeeds of any award ar cieim tor dema�e�s conneetM with a comlemnatton or other t�idn�
<br /> ��='; of a0 or anyr D���P►oP°ntl•5�a°�°°������Pplted es provtded in CovennM t.Thts eseipnmer�t ft wbject w the terme of ar�y p�a�r
<br />-������� securftV ayraam�M. -
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<br />�� 18.Wedv�n.By oarsre�stng nny roms aveUable 4o Lender.Lender doea�ot 81ve up arry�IpMo to laee►uae en1I oiher remedy.BY not ezo*de _.._
<br />--�-�a�r
<br /> eny remady u9an�TM���s defautt,�nder does not waive any rigM to later eonaider the ewM a Qefauft it k hsppens a�atn.
<br /> 17.JoSait amd tlarerol�Cos�F�%Sueassow and Astl�ns Baund. Af!duties under thia deed ot uust are jolnt a�severai.Arsy
<br /> -- - Bt*tsow.ea wrn ao�signa this de�d ot trust but dos� eot co�ign ths undsrlyinD debt instrumernitl doos co oMl m O�ant and convey thaR
<br />-��a��y:��� Borrowede intan�at In ths ProPsrtY to tltie Trwtee under the tarmi{ys�of this deed oi Vuat.inn�seddition su��Borrower agrm�s that the Lander�nad
<br /> �--- _..�•:•! dobt w�to�i.n�R'9oaow�s seo�sertt end�whhoi t ro�ieaa rg�at Borto a irom �t of U�is d�eedto ffuat,thia deed of Vuat or tha 6ecurec6
<br /> .c=�svi•�'�sr
<br />�-Q- Tha dutlaa anfl�Fmsfib ot�is deed of truat�hail btnd end benotit the w+ccaaaora and aaslQns of lender and Borcower.
<br /> `"��� ' 9�.Ho3lia.Ufiuca otl+erwise required Ey taw,ar►y notice to Boncwer sha0 be Oiven by deliverinp k or by mstlirtp it by certtffed maq addre�seG'so
<br /> :-`-- '" 8orrawea aa thn ptaoertY addmas or a other address that Borrower haa sthren to lender.Bomower wCi give eny noUce to lender by eer6Red __
<br /> ��.,:! 6o cer�it tD��edad�es�stated or�n Ra9e1 of dds d n o!��r atlfress whfch lender has deslyneted.Any othet no8ce to Lender chaG P
<br /> � .`_ . -
<br /> - � , '4 Any natias sh�9 be deemad to i�eve been piven to BoROwar or Londer whan gtv�n in the mam�er 4teted ebova.
<br />_ '. � ' 1B.Trm�t3or o?,tiW P�aw�v��Be�lkid l�ert h tM 8aRawar.it a!1 or anl►Dart ot the proyerty or any lrterest in it is sold or transiarr�d �
<br /> . . ti wlthout l�►�ca's pprinr writie coriaert, l.ena may damand Emmedlate�aYrttont of ttrd secured dabt Landar mavowever,�Lei�idertm�M.�
<br /> -:""-; =`=°�- aQm n�0 ymprrt�ln tl+e�above stiwallo n f k�a�protii kea b ntcde a i w na of U e G�of tl�fa d a�of°�usi.�rtea. N =--
<br /> 2 -
<br /> - 20.Re�orm�l�w.Wt►e�the obliga4Eon searced by tNs doed of trust hes been patd and Lender has no turtphyar oblipetion to make edvance� __
<br /> - � ��.;i u:�du tha EniVUrneMe or reemems seeurod by tl�is deed of truat,the Trustee shaff upon��d�a a�r�d tha rtot�e or oi!ar evidenc�e af�
<br />,�_�' _ Pto nV• arno a�Hed.�Boi�w�she[t p�anY ee�.ror•rda on��eYs successor in irtteresL ..__
<br /> . � � 21.8asssuo� 7YustN. Londor, et lender's o�on, may remove Truatee and epiwint a waessor trustae by firat. mamng a co¢y oi cni- __
<br /> cub�ltvttbn ot trustae as required bY aDDt}cablo ew.apnd tR4he8n.py Hl3�tha subsUtutIon of trustee tor rocord tn Ma oHice of the mpis:icr o!dn$di.
<br /> Gu�L�t9w po�.d�itttes a�titV e�M�tie o1 the ntat8o n8m e�in�1 aeoa o�r eso 8*���r etrustee of the proDBriY,s1'ae7, 4.
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<br />= o ' • .. BANKBi3 SYllit?AS.IHC..8T.CLOUD.MN 66901 lt$00�187•'18�i1 fORM OCR/QT6NH 8/t9191 _
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