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<br /> ;� 1. Pcy:..:�80. Corroe.JCr c�rcoa 4o nt�lco cll pnymon4o on th� tacurcd dab4 efhcn duo. Unl�so E�orrov�cr and Londcr carco oth�n�lco, r.ny
<br /> paymento Landcr rocelv3s�fron[3orro�var or Tor Durrouuer'�berwfit wlll be epp�lod flrel to eny amounto Qorrower owao on the securad deb8 ., .�.�
<br /> exchielva of Inteteat or princlpsl,aecond to interoet,cnd Shan C� rincipcl.If pertlal prepayment of tha secured doAt accure Ior nny roenon,It�vtll �"'�
<br /> , nnt reduce or exCU1r�ny�cl»dulid p�yment until the nc�xeU�tit I�pdd In full. �y'°
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<br /> " 2.CIa4n��q�inat Yfti�.Burowv wlll pey nll texa�,qnitmpnt�,and other charprr�4tributpble to the peoperry whan dua end wiil defend title � � -
<br /> „ to the prope a¢rin�t eny ctelma whlch v�ruutd Imp�lr th�u�h of thl�dead of tru�t.l�ndst.moy raqulro Uorrower to a�dp��eny ri9hi�,atolme or ��_`
<br /> deten�ss whl�8orroww m�y h�w�palnat p�rtio�who�upply I�bor�r m�tulal�to Improvo or m�intefn the prop�rty. � .
<br /> �, 7" "'.
<br /> 3. Imur�nc�. Barrowmr wlll keep tho proparty inaured un�ier termf ecceptebla to Len�er et Borra►vcr'e exponeo end for Londer'e honofit. All � •'�,::�-
<br /> In:ruionce pnUels��hsfi ineluds a r4end�rd mortpape ci�ut�in favo►of Lender.lendar will he named at�ota payae or as tha inturod nn eny sucd� -
<br /> ' Insunnc�pollay.Any In�w�nc�prac��d�ma be��p!led, wlthin LoRdu'�di�cntlon,to olther the rsttotetlon or npair ot the damaped property � ���
<br /> or to the eecured d�bt.lf L�ndor r�quln�morCp�p� niurtna,Dorrower epree�to mdnt�in such Insurxnce tor a�lanp ea Lender requirei. S
<br /> 4.Rapaty.Bnrrower will kasp ths property In Qo�d condition�nd make�II repa!n re�:on�bly neceiaary. I
<br /> 8. Exp�niA�.Borrowe►egn��to p�Y all Lender'�expenaes InetuElnp reasonabte sttorneye'fee�, if Barrower broake eny covenento In thla deed �.
<br /> of truet ar In�ny obNpatlon�eeured by thl�deed of truot. �orrower v�lll pay thete�mounte to Lender ee provlded In Cavenent 9 of thta deed of I
<br /> trutt.
<br /> fis+
<br /> 6. Pdw 3�cu�ity Intsntt�.Unleu Bo►rawer 1(rst obt�ins Lender'�written conaent,Borrower will not make or permt4 eny chenpes to eny prior '�
<br /> �ecurity Inters�t�. Borrower wlll psrform all of Boriower'�obtip�tlom under my prlor mortgage. deed of truat or other �ecurity egreemenY, : -,
<br /> Inctudin�Barrower'�cuventnt�to m�km payment�wMn dw.
<br /> � ,, 7.Au!pn�n��ot R�nU�nd ProMa.Borrowe�asdpns to Lender the rsnte and profit�ot the praperry.Unleae Borrower and Lendar have epread
<br /> otherw s�e In wrltinp, Borrow�r may collect and retein ths ront�e� lonfl es Bonower la not in 8efauh.If Borrawer defeuit�, Lender, Lender'e
<br /> " apont,or e coun appolnted recelvu meY take poiossiion and m�nape the proporry and collect the rente. Any rente Lendor collect�shall bo "
<br /> � eppllod fint to ths co�ts of mmapin�the properry, Inctudin� court cosb�nd sttorneys' feea, commia�tons to rsntel�pant�, and eny other
<br /> necet�ery ratated expen��s.The nm�tnlnp amaunt oi tent�will then apply to paym�nU on the�ecured debt ae provlded in Covennnt i. ��,
<br /> � 8.Le�eh:'.a•Cas..�s:r.'r�u.�m;Pl:r.r�Ur:l Q:v�a;ar.:.:�.Eorrowcr s rsez to comply with the p�avlslana of any les�e if thlo daed o9 t�u641a on -
<br /> .m
<br /> „ e leasehold. I�tl�i�dead of hu�t Is on e unit In �condominlum ar e p9anned unit developmnnt,Borrower will per}orm all oi BorrowaYt duties
<br /> under tha cavenantt,bylewa.ar repulatlorta of the corxlominlum or planned unit development. • ,Y.
<br /> 9. Autborlty of L�ndH to P�rfam fo►Borrour�►.If Elarower tail�to�perform my of Otxrower's dutlsa under thle doed of truat, Lender may � "'r �
<br /> paiform the dutles or c�ua�them to be performed.L�nd4r may dpn Borrower'e mme orpa y eny amount if noceaoary for performance.if any • ��`�
<br /> connruatlon on th�propsrtyr i�discontinuad ov not aartlW on In �naaonable menner,LerWer mry do whatever le n�castary to proteot Lender's
<br /> socurity interest In the prepany.Thl�may Inctude completinfl the construction. , ��',�•
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<br /> Lender'�tailure to perform wlil not{xecluds Lend�r 4rom exuclsirq any of Its oth�►rlpht�undor the law or thi�dead of nust. �''��`
<br /> AnY amuunU peld by Under to prot�ot Lender's�ecurity interest wiil6e secured by thb deed ot truat.Such emounu will be due on demsnd `�
<br /> ertd wiil bear Intersat trom the d�te of the payment untll paid In fuil at the intereat rete In eHect on the aowred debt. •
<br /> 10. D�fauit�nd Acc�Ieation. If Borrower feils to make any payment when due or breaka eny covenant� under thla deed ot trua or any t �1�`�'"'�
<br /> . obllgetion tecured by this deed of tru�t ar any prior morty+pe or dasd of truat,Lender may accelerate the maturlry of the socured debt end —"
<br /> demand immedlate peyment�nd may Invoko thu power of s�le and sny other remedie�permitted by epplicable lew. �` _
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<br /> -�� ---—. - _�.o�qu�sa��n miw�v� �iriiwa.fi ib rividuy idqueil�o lnst GOpiO�OT[n0 IIOTICU�OT�lt�Ult AfIG�NIE OE BEOL LO OOC�1 qOtf0f1 Wh0 li 0 Qaft�/ �—�.:���Y-w -- -
<br /> hereto,at the�ddrots of each ouch person,ua�et torth he►eln, � . �:�;r
<br />�_ � 12.Pow�►of Sr�.If the Lend�r Invoka tM poWor of sale,tha Truetee ohdl fint neord in thQ oHice'of the reelite�of deeds of ench county �
<br /> . whaeln the trutt p►operty a same put or pucol tAe►sof(�tltueted a notice of d�teuit cont+�ining the Info►mation requi�ed by I�w.Ths Trustee
<br /> , �hatl�tao mail copie�of th�notice of dsfcuft to�the Bar�ower, to eich person who is a party I�ereto, and to other penon�si pretcribed by (
<br /> epplicebls law. Not le�� th�n one moc�th after tho Trustee records the notice of deteult or two month� if the uust property li not In any
<br /> , , Incorparated clty or vilbpe�nd I�used in farminp oper�tiom ctr►Nd on by ths tru�tor,the�'rustee ehell give pubtic notice of�aln to the por�on�
<br /> end In the manna►prstcrib�d bY sppplia�ble law.Trustee, wlthout d�m�nd on Borrower,ehall eell the prope►ty et publlo euctton to the hipheet � ; :
<br /> ' btdder.ff rsqutrsd by the F�rm Homeetad Proteatlon Aot, Tru�tee�hell ofter the property 1�two separeto sates e�requlred by applicable lew.
<br /> Truitee may postpone tale of NI o►eny parcel of ths property by publla announcement et the Ume end pface of eny previoudy sch�dulsd tale. , ., : „ °
<br /> Lender or it�deslpne�may purcha�s the proporty st eny sste, � �
<br /> Upon recelpt ot paVmsnt of th�pric�bid,Trustee�hall dsliver to th�purchec�r Truatps'a deed conveytn9 the propsrry.The recitfali contalned in • ,��±
<br /> , Trustee's deed�hall b�prim�f�cls evldience of the tluUf of the st�tement�co�UlrNtl th�teln.7ructee chill epply the proceed�of the�ate in the � , ,, �
<br /> foilowlnp order: (a) to dl expm�t� of the �ete, fncludinp, but not Ilmited to, reawnebte Trustoe'a fees, reatonabb ettorney'� feee end '
<br /> rein�tatemsnt teei;(b)to�11 aimc eecured by thls deed of truat, and lol the balaneo,if bny,to the persom logally entkied to receive It. � ' .
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<br /> 13.Fa�cto�un.At Lender'�optlon,this deed of truat mey be foreclosod In the manner provid�by epplicable law for foreclo�ure of mortgegea i
<br /> on reel property. . • .. - . . , �.,���
<br /> • 14. Imp�atlon.Len�er may enter the properry to Innpect It If Lender flives Borrowar notice beforehand.The notice must etate the reaaonable � ''\
<br /> ceuse tor Lender's Inepeation. .
<br /> � 15.Cond�mn�tlon.Borrower esilgn� a to Londer the proceeda of any award ar clalrn for damepea connocted with a condemnation or othor tekfng � ' � '�.
<br /> of ali or eny p�rt of the property.Such proceeda will be applled ae provided In Covenant 1.7hla aaefpnment is subJoct to tho terma of any prlor
<br /> eocurity agroement. ' �'`•,�i
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<br /> 18.Wrve.By oxarcising any remedy available to Londer, Lender doea not flive u any� hts to lator uae enq other romedy.By not oxercisinp � •
<br /> any remedy upon Borrower'e defeult,Lender d�ea not waivo eny riQht to leter consPaer me�Vent a dafault if It happens agaln. '` �;;
<br /> , 17. Joint�nd SweN U Ca�lprnrat Succ�uon �nd As�lBns Bound. All dutlQS undor thle�deed of trust are Jolnt and sevoral. Any �I� �'
<br /> • Borrowor who co•aign�thii eed of trtist but doea not co•slgn the undorlyInp debt Inetiument(s) doea eo only to grant end convoy thet �'j"• ,c!
<br /> Bo�►owa►'e interett in tAe property to th�T►uatee�under the torme of thle deetl oi ttuat.In addition,euch e Borrower agreee thet tha Landor ond + • '
<br /> ony other Borrower under thie deed of trust may extond, rnodl�or make any other changne in tha tarms ot thla dood of trust or tho socured `�
<br /> . . debt without that Borrower'e consent end without reteaalnp thet orrower from the terma of thia deed of trust. � ,. ,
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<br /> The dutioa ond bonetits of thls daed of trust shaU bind and benefit the succesaore end aasigne of Londer end Borrower. ,
<br /> 18.NoUe�.Unleae otherwlae requlred by law,any notice to Bcrrowor shell bo givan by dollverinp it or by mailing it by cortified meil nddroasod to �
<br /> Borrower et the property eddreta or eny othor uddresa thnt Borrower has�ivon to Lendor.Bonowor will givo eny notica to Londer by cortified
<br /> - meil to Lender'e eddrea�on p�pe 1 of tFiis doed of vuet,or to any othar a dros�wh(ch Londer hna dealgnated.Any other notice to Londer ehell ;•
<br /> be eent to I,ender'e eddress ea steted on papo 1 0!thla.doed ot truat. ���.-�.��� ; .
<br /> pny notice ahail he deeme�to htve been piven to 4orrQwer ar Lender when piven In th�'�anner•statqd ubove. °��
<br /> 18.Tr�nstw o}tM Prap�rty ar�B�Hclal Mte��t h�tl»Barowe. If ell or eny part of th9•pr6pony or eny Interaet In It fa aoid or 4renaferrod -
<br /> , without Londet'e prior written coneent, Lendor may domnnd immodiato paymont ot tho eocurad debt. Londor mey ulso demend immsdiato y�
<br /> peymont (f the Borrowar !o not s natural pareon end e bonofictal i�toroet In tho 8onowor lo aofd or vanafenod.However, Lendar mey not '�
<br /> demand payment in the abova situatione If it ia prohibitod by foderel law ea of tho date of thla dood ot trubt. �
<br /> 20. R�conwyanc�.Whon the abllpation socurod by this daod of truot has boon puid and Lendor hae no furthor obitflotlon to moko advoncos ••I
<br /> undor tho Inatrumonto or aareements socured by thie dood of trust, tha Trustoo ehaif upon writton roquont by tho Londor,reconvoy tho truet ` 'i�
<br /> • proporty. The Lendor aAall deliver to the Borrower,or to Borrowor's succossar in Intarast,tho truat deed and tho noto or othor ovidenco ot thn —.:_.
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<br /> 21. 3ucc�ttw TtuN,N. LaMe�, et Lendor's o tlon; ���
<br /> p moy romove Truatee and�appol�t a ¢uccasaor �uatoo by first, molilnp a copy of t�o �
<br /> substitut(on of truateo ae►equlred by appliceblo law;end thon,by fiting tho subatitiRMrt�of ifuetee for record In tho offico of tho rogleter of daeda ;
<br /> . o}oach county in which the truat property,or somo part thercot,le eltuatod.The eu�ceaoor uuetoo,without conveya�co ai tho propert}r,shull
<br /> � succeed to etl the power,dutlee,euthority end tltle of the'Jruneo nemod In the doed of trUet end oi eny euccesaor vustoo. �� I
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<br /> r BiViKEii9 6V8T[M8,I�1C.,8T.CLOUD,MN 60701 It•t06��97•]3N1 FONA OCPMTCrkE E/19181 t I
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