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<br /> ' 1. Peym�nt�. Borrpvior epreoa m maka oll paymenta o� 4tm eecurod d�bt whon duo. Unloao �o�a�.�r,r end Lendcr cprco othcrwico, ony !�-
<br /> paymente Lendor rocelvaa hom 8orrov�rar or for porrower'a banefit will bo epp!}c4 tiret to ony amounte Borrower owoa on tho socurod dobt _
<br /> ' oxciuilve of Intere�t or princlpal,seGOrod to Interest,�nd then to principel.If partlal prepayment of tho eocured dobt ocaure foT ony reason,It will '�__z:
<br /> not roGuca or oucuca tny ccho�ul�d p�Vment untll the nocurod detrt le peld in tuii. ____
<br /> �ro-:
<br /> 2.Cialm�Aytdynat Titlo.Borrower wi11 pay all taxoa,etseatrtsonte, and othor charpee nttributablo to the proparty whon dua and wlll�9otond titio �#.
<br /> defoneos whlch�6orf o�we�mey heve epelnet psrtlespwhoiupply lebai or meteriets to Imp%ve or msintiln�the property 8°Ipn eny�Iphto,ctelmo or , , �
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<br /> 3.Inswanc�.Borro�ver w�l k�ep tho property inaured undar terms scceptable Yo Lendor at Borraucr'n oxpanso ond for Londnr'e 6aneflt. All � `�-
<br /> " Insutancs policle��hdl Includo a�t�ndud mortp�pe clauie in f�vor of Lender.Land�r will be nemad��los�payea or a�the fnaured on eny euch I :�T
<br /> insurance{wlicy.Any In�unncs procesd�mey be•pplled,wlthln I.ender'�discretlon,to etthar tho rettoretlan or repair of the damaged property :�_
<br /> � or to the securod debt.If lersder requlre�mortgepe inauronce,Barrower epree�to malntaln such Insurance tor ee lonp es Lander requirea. I
<br /> 4.P�o�»rty llerrower w11i keep the Rroperty In pood condition end make all repafrs rearonabty ne�as�ery, I '1�
<br /> 6.Expms�i.Borrower agree�to pey all Londor'e expensee, Inciudinp reesoneble ettornoys'foea,if Borrower breake ony covanante (n thia deed i ''
<br /> ot truet or in eny o�ligetion secured by thle deed of trust.Barrowet wiil pay these emounte to Londor a�provided In Covenant 9 of thla deed of � __
<br /> i i�'
<br /> tru�t. t
<br /> 8.Priw S�eudty Intx�sta,Unles�Barro►ver firat obteine Londer'�writton consent,Horrower wiil not make or pormVt any chanpea to eny prior „
<br /> sacurity intereste, Borrower wfll perform all of Bortower's obliyationa under eny prior mortgape,dood of truet or other securlry �p►eement,
<br /> Includinp Borrower's covenants to mnke peyments when due.
<br /> 7.Asaipnm�nt ot Ront��nd Rroflb.Borrowor assigns�o Lendor the rents end profits o?the property.Uniesa Borrower and i.onder have eprood �
<br /> othervufse Ir�writing,Borrowor m�y colleet and reuin the rente ea lonp as Borrower fe not In defeuit.If Borrower dotauite, Lender,Lendor's ,
<br /> apent,or a court sppointed raceivar m�y take poasessfoo and manape the property and coflect ihe renta. Any rents Lender collecte shnit be
<br /> neclea�fry relat°d a�nsei f The remetninp smount of►enti will then eppiy to paymenti on the secu ed d�ebt ea provided IneCovane t�eny other .
<br /> L �j�hatda•ConduNniumr.Plcix»d Udt Dovolopm�nU. Bortower eproes to com ty with the provislona of any leaso ii this deed of trust is on ! ,
<br /> 8. •
<br /> undoi the�cov{nanta by IaNri,uor raputstlons�of the condominium or plenned unK developmenant, Borrower will perform ull of Borrower's dutioa
<br /> 9.Authority of Untkr to Pwfomt ta BarTUw�r. If Borrower falla to porform uny oi Borrowor's dutiee undor thie deod of trust, Lendor may ,
<br /> �yM
<br /> perform the dutiei or ceuse them to be pertormed.Lender mey eipn Barrov�er'c name or pey eny amount if necessary for porformenca. If any
<br /> construction on tha property Is dlscontinued or not carrled on in e reesoneb.e menr►�r,Londer may do whetevor is neceasAey to pratact Lendor'e � ,��'-
<br /> sacurity Uteroct in the property.Thls mey inctude compl�t�nfl the con�tructlon. - � ✓ -
<br /> Lendar's feilure to pertarm wlll not preclude Lentler from exerci�inp any of ite other riphta undar the lew or thla deed of trust.
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<br /> AnV emount�pald by Lendor to protect Lendor's•aecurlty interest will be socured by thls deed ot trust.Such amounte wlli be due on demsnd �R'
<br /> end will bear Interest from the date of the payment until paid In full et the Intoreat rat�in eNect on the secured debt. � �c,` -
<br /> I 10. O�t`autt and Accd�r�don. If Borrowor fatis to meke any peyment when due or breaka any eovenonts under thie deed of truat or eny �� �_�:,
<br /> obligetlon secured by thU deed of uuit or any prlor mortgape or deed of trust, lendar may ncceletelicable Iewurity of the secured debt end ,i �� —
<br /> � �_�_„�lm..�.,�t.fw nayment end may Invoke the power oi eele end any other remedien pormitted by app __ ..�__-- _
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<br /> 11. R�qu�st tw NoUc�ot O�fwlt.It Is hbreby roquesteQ that eopioa of tho noticea af default and eale be sent ta each poreon wha Is e pnrty
<br /> hereto,et the addre�f of esch�uch peraon,ea set forth heroin. ,
<br /> i 12. Pow�►of SY�.If the Lender invokee the power of sale,the Trustoo shall fi►st rscovd in�the oNice of the replater of deeda of etch county . �
<br /> wherein the truat properry or some pnn or perCel ther�of la eltuated t notice ot dsiault contalning the Informetion roquired by 18w. The Trustee
<br /> shaii elro mail copie� of tha notice of defsutt to ths Borrowsi,to each porson who aa rparty hereto,end to other pereone a�prescrihad by
<br /> s not in en
<br /> eppitcebte lew. Not iea�th�n one month efter the Trustae recorda the notice of doftuit or two montha if the trust property i y
<br /> � Incorporated city or vlllape�nd i�used in tarming operatbna carried on by the truitor.tho'�rustee shatl pivo publia notice of eale to the persona
<br /> and in the manner proacribed by��pppliCabls Isw.Trustee, without demand on Borrower,shell seli the property et publio auatton to the hiphezt
<br /> biddev.If requl►e9 by the Farm Homests�d Protectlon A¢t, Trustes shail offer the property In two separeta selea ae required by�pplicahle law. ;
<br /> Trustee mey poatpone sde ofrch,ie the p f pcel of et eny sete�by public announcement et the timo end place of any previouety�cheduled sele. i 4
<br /> Londer or fte desipnee mtV W p°� . �
<br /> Upon reueipt of psym ent of the prlce bid.Trustee ehsli deliver to tha purchaser Truatoe'e deod convayin9 the proporty.The recitiale contalned In ,
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<br /> Trustee'e deed ehall be prlm�f�cle evidlence of the truth of tha statemonte contafned thereln.Truateo eholl opply the proceede ot the sale in the
<br /> foilowing order: (e)to ell expentea of the eete, includinp, but not Umited to, reeaonable Truetee'e faea, roesonable ettcrney'� fee� end .
<br /> relnatetement fees:(b)to ell sumf cesured by this de�d ot truat,end(c)tho batence,if any,to the persona lopally entltled to recelve It. ��
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<br /> 13.For�ctoiuve.At Lortder's aptlon,this deod of trust m�y bo foroctosod In tho menner provido by appliCable lew for foreclosure of mortgapeb � `�.
<br /> on roal p�operty, ` � � "
<br /> " 14. IuspwUon.LOnder may ontsr tho proporty to inspoct it if Londor pivoe Borrower notico boforehand, Tho notico must state the reesonabio
<br /> cause for Lender's Innpeaion. .
<br /> 16.Cond�nu��tlon.Borrower asalp�ns to Londer tho rocoods of eny ewerd or claim for damo(�oa connectnd with e condomnotion or othor taking t��
<br /> ' of all or any pert of the proporty.Such proceeda wiP bo appllod es providod in Covonnnt 1.Thla asalgnme�t is sub�oct to the torma�ot eny prior � , .
<br /> security egreement. ,
<br /> 18.W�ivK.By exerclainp any remed availabto to Londar, Lender dooa not g�ve up eny rights to letor use any other remedy. By not nxersisinp � •
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<br /> any remedy upon Borrower'�defauit,Yender dooa not wolvo any right to lotar cansider ths event a dnfault if It happona agaln. �, �
<br /> - j 17. Jotnt �nd 6rveN ll , Co•sfpn�n; &uec�taon�nd Asslpn� Bound. All'dutka undor thia dead of trust are )oint and seve�al. Any ��. ,
<br /> � Borrower who co-alpns thit deed of truet but daea not co•slgn the undortyinp dobt inatrumvntls) doos so oniy to prent and convey that �,
<br /> • j Borrawer'e Intorest In the property to the Truetee under the terme of thla dood of truat.In edditton,such a Borrower agreea thet the Londer and
<br /> � eny othor Borrower under thia deed of truat mey oxtend, modi�or mako any other chengee Irt thc torms of thls dood of truat or the socurod
<br /> � dobt withoul that Borrower'e consent aod without rotsesing that orrower from tho terma of this deed ot truet. � ,
<br /> � Tho duties end bonefits of this deed of truat ahall bind end bonofit tho succoasors nnd asalpns of Londor and Borrowor. ^
<br /> 18.NoUc�.Unieas otherwlse roquirod by law,any noUce to Borrower shail bu pivon by dolivorirQ it or by maflinp it by cortifiod meii nddroesod to
<br /> Borro�vor ot the pro�erly addteae or eny other addresa that Borrower hea givan to Londer.8orrowor w�ll pfvo ony nqtfco to Landor 6y cortifiod
<br /> mail to Londer'e address on paAe i of ttda doed of truat,or to any othor addrose which Lor.dor hoa doaignatod.Any othor notico tn Londor shnll
<br /> be sent to Londer'e oddresa as ateted on papo 1 ot thls dood of trust. .
<br /> � Any notico oholl be doomnd to hovo bnon O�von to Bo►rower oi Londer when givan I�tho mannor�totod obovo.
<br /> 1�J.Trsnshr of 1M Proy�rty o+�E1�flctal�ntaat ln th�Dor�owsr.if all or ony pert bf tfia proporty or any intorost in It Is sold or tronatorrod
<br /> without Londer'e prlor wr(ttert consent. Lender msy'demmd Immadlete pnymont ot the aocurod dobt. Landor may nlso domand immodfato
<br /> payme�t if the Donowai ie not e netural poraon and a boneficlol Intoroat In tho 6orrowor is cold or trnnsfanod. Howovor, londor moy not
<br /> domand payment in the ebove situetlone if it ie prphibited by fadaral law ae of the deto ot thfa doed of truot.
<br /> 20. R�convey+mc�.Whan tho oDilgation eocurod by this dood ot truat has boen poid,nnd Londor haa no funhor oblipotion io mnko udvancos �.'=
<br /> _._.._._ ..._ ... „�rto,tha Incvumnnts rn aaraemonta eocurod by this dood of trust,tho Trustoo shall,upon writton roquost b tho Lvndor, roconvoy tho trust
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<br /> � proporty.Tho Londar shall dolivor to tho eorcowor.Of LO lSOROW4�a aucceuav� ���..�.a�oo.,...�.�'�..-�� ....�..-.�-.--' --.-.__.__..___. ..._ ,-_
<br /> oblipetlo�so satiEfiad.Borcowor shall pey any rocordntlon coste.
<br /> 21. Succ�tior T�u�t�s.Londar, ot Londor'n aption, mpy romovo Trustao ond oupoint o succo¢sor trustoA by first, mnili�q o copy of tho
<br /> subatitutian af Vustoe ee raqulrad by epplicablo law,and thon,bY filing tho substttut�on of trustoo for racord fn tho otficu of tho ropietar of deods
<br /> � of oach county In whic�tha Vust property,or aomo part thoroo}. Is eftuatod.Tho succossor crustoo. without convoyonco of the proporty, shali
<br /> cucc�od to ell tha powor,dutlea,euthorlty end titlo ot tho Trustoo namod In tho doed of Vu�t end ol uny succoscor trustoo.
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<br /> OANKElt9 6Y8TEM9.INC..ST.CIOUD.MN BeJ01 I1�80(�397•t��11 W�(1CP•MTO�NB 6/1918�
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