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<br /> C�VESlRNYC -----
<br /> � „ 1. fJe{�sr_ai�. �orrmercr cprc�a to rnolco cIi paym�nto on tho cecurctl dobi ��h�� dua. URIc�� C;orroc�er ertr! Lcstdcr c�rao o°?tcn:l^o, cny `"'�'�``�`
<br /> • . p�ymonlo Len�tr rccelvoa Ironi Durrovrer or Pcr poroownr'u�enofii wlll 6e epRJled flrnt to nny emounU F3orrower ows�on th� creurod d�6t •�•��,,.. '"'---
<br /> �� unclwive of Interosc or painClpel,oacand to IntAte�t,nnd then ta princlpel.If partEal prepayment of tho aocurod dobt occur�lor any reaeun,It v1lll �� � �
<br />_ • not reduce or exase�ny icheduled, , ° }-=°
<br /> . , qtYm4ntµnt�!tt►�teaured d�bt i�pnld In fu11. �•F•,;�';-�
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<br /> 2.Cl�ma AgYrut TItl�.Borrpwee will ns�i1N trx��;�nettment�, end othee ehsrpse ete8bute6te to the proporry when due end wl11 defond t1Uo " •�-•-fi--
<br /> to the propertY ep atnst�ny cIalT,a which��oul�bmpalr tfto Ilan o}thi�Aeed of truot.Lc�der mny requVe Oorrower to efelgn eny rlahte,clNm�or �;:::, `—
<br /> „ defan�a�which Bor�aw�r may hl�vA�palnat portlNa v,iho aupply I�ho►or m�terlNs to imprav�or mN�ttln ths proparty. :�,�?�°°� `
<br /> .r•��:�:�, .
<br /> 9. Imtn�o.9orrower wlll keep the propeny imursd under terms oacsptabla to Lender�t �orrower'o expense end for lender'o benefit.All
<br /> Insuronca�opcic�c:�.il btctud�a:4cnrl:rd otior2 cpa cl�uae In Pavoc o}Lwndoa Leodsr wUl be named��toe�p�yse or e�t�ie Inaured on�ny�uch «••�� , .�---�
<br /> ineur�na poiloy,Any Ineur�rtc�procud�may��ppliKl,wlthin L�nd�v'�discntbn,tu�ither tha rarontlon or ropalr of tM d�may�d prop�►ry '"`��`��'�`�=
<br /> or to th�tecund debt,H Lend�r requiro�mortgepe inaur�nc�,Borrower apraet to maintaln tuch in�unnca for s�lonp a lender roqulro�. � „,.::�,`°'-��
<br /> ' 4.Vropety.Borrower wiil keop t�ia property In pood conditlon and m�ke all rap�lro reaton�bly necesury. , ;
<br /> 6.Exp�n��s.Borrower eprnas to pay nll Lender'e expemei Inciudinp rea�onable ettornep'feeo,If Barrowar breeks eny covenenta In thir deed ' '
<br /> of tru�t or(n eny abfipatlon eecu�nd by thia deed of truet. �orrower wiil pay theao emounte to Lender ea provided In Covanent 9 of thl�deed of
<br /> ' trust. ' '
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<br /> 6.P�1o�8�cu�ttv Int�n�t�.Unteas Borrower ilret obtains Lender'�written coneent, Borrawer witl not meke or permi4 eny chenpes to eny prlui �
<br /> �eaurity Intc�cs��,Banowar will perform ell of Bor►ower's ohlipa4lon� under eny prior mortp�go, deed oi trust or other�ecudty epraemant, • �:
<br /> Includiny Banowai'F cove�enU to rt�eke paymenta when due. �
<br /> 7.AsN�xn�nt ot Rint��r►d Profit�.Borrower aastpna to Lender the rente and profite oi iho property,Unlese Borrowar and Lendor have eprced ^b "� �?�
<br /> otharw af e in w�itiny,Bor�ower may cotlect and retein the renx�es lanfl as Borrowar Is not in default. If Borrower dofaula, Lender, lender'c ' ;� p
<br /> epent, or e tivurt sppolnted receiver may teke pos�esalon end manape the property and collect tha rente. Any rents Lender collect�ehall be
<br /> epplled flrst to the cotta o}manapinH the property, includin� court cosU and attorneya'tee�, commis�lon�to rental a8�enta,a�d sny other '
<br /> neceaary►elated oxpenaes.The rema��inp emount of rent�w i then epply to p�yment�on the �ecured debt oe provldod in Covenant 1. , �,�„��
<br /> 8.6s�eehdt!aj 6onc�oi�lnk�mg;Pl�rttted llydt Uee�ogmanla.Bor►o�ror a4raac to r,orupiy witti the provialo�tia oP any lease If 4NIe deod et trust Is on �'�`'
<br /> e IestsholJ. N tNt deed of truit f�on a unit In e condominlum or e pienned unit devalopment, Borrower will perform ell of Borrower's dutlea ' ,,,,�°
<br /> under the covenmts,4y-faws,or regulations of the condominlum or pimned unit development.
<br /> � 8.Authorlty of Und�r to P�rtorm for Borrow�►. If Borrowar felle to�portorm eny of Bor►ower's du�les undor thle dsad of truet, Lendor mny � `'�
<br /> pertorm the dudes or cauae tham to be porformod.Lender mey elgn Borrower's nema or pay any emount If nocessary Oor performance.If any
<br /> construction on tha property is diecontlrwed or not oarried on In�rea�onebte mennsr,Lender may do whetever la neceasary to protect Lender's
<br /> eecurlty Interect In the praperty.Thle may Inciude completinp the conaVuctlon.
<br /> Lendar'e felture to pa►form will not proclude Londer from exerciBinp any of ite other rtflhts under the law or thie deod of trust. ��
<br /> � �� Any emounts pald by Londer to protect Londer'a security Interett will ba aecurs�by thta deed of vust. Such amounte win be du6 on demand
<br /> and witl 6se►interest from the d�te of the payment until paid In full et the Interest nte in eftect on the eecurod debt, ;, •.$
<br /> 10. D�t�uFt and AecelM�tlon. If Bonower fells to make any payment when due or breeke any covenento under thle deed of truat or any ' �� ,�
<br /> obtlgatEon eecured by thla deed of uuat or eny prior mortgepe or deod of uust, Lende►may acceSerete the maturity of the secured debt and -
<br /> ' demend Immedtete payment and mcy Invoke the powor of nale end eny other remedlee parmitted by applicable lew. . • �-
<br /> � --_..- �!.A�ee!S�!!a!3se=!4_K�.�l.!:!s l�ssb�raq;:a:2e3 2Fa2 coN�aa o� i„a ne�iicas oi devauic and seia bo sent to eacn parson wi�o is e party -� � — F�
<br /> , hereto,at the eddresn of each such pereon,et set forth horeln. : �''�� � �
<br /> 12.Pow�r of 6v�. If the Lender invokes the power of sale,the Truatoe shall first record In the affico oi the regiater of deoda of oach county �, �
<br /> wherein tho trust property or same part or parcel thereof ie situeted e notice of default contalnin9 the informatlon required by law. 7he Trustee .
<br /> ; chall aleo mail capio�of the notice of defautt to the Borrower,to oach person who fe a perty heroto, and to o4her pereona ae prescril�od by '
<br /> applicable law. Not leac then one month eiter the Truttee recorda the notice of default or two monthe if the trust property is not in any �'
<br /> Incorponted cfty or viliege end io uted In farming aperationa carrled on by tho truntor,the frustee ehaA pfve pubilo notice ot sale to the persons 1
<br /> � and in the manner preacribed by�apppllcable law.Tru�tee, without demand on Borrower,shatl sell the property at publlo euction to the hlphest ,�
<br /> � bidder. If requlrad by the Farm Homesteed Protectlon Aat, Trustee shell offer tha property In two seperete sales ee requfaed by epplicablo law, '� a I
<br /> T�uttee msy posipone eale of all or ony percel of the property by publlo announcement ef the time and p�ece of any proviousiy eeheduled sale. � • •�; � �
<br /> , Lender ar it�deslpnee may purchaeo the property et any eato, � ,
<br /> Upon recelpt ot paymont of the pr(co bid,Truatue shell dolivor to the purchaser Trustee's deed conveying the property.The reaitlais conteined In i • 1.�•'�� � �
<br /> Ttustee'a de9d�hell be prima facie ovtdlence of tho truth of tha etatemente conteined thoroin.Trustoe shaii apply the proceoda ot the eale In tho I 1 .:i- ,,
<br /> following order: le) to oll oxpenaea ot the sate, includinp, but not limfted to, reasonable Truatee's teos, roesonable ettorney's foes �nd
<br /> rolnstetement foea;(bl to ell suma securod by this deed of truat,and(c)the belance, if any,to the po►eona togelly entitled io rocoive it. i � . ,
<br /> 13.Fonclosur�.At Lender's optlon,thia dead of truet mey be foreclosed In the rnannor provide by appiicable lew for foroctosure of mortpapes ; �y. \
<br /> on real properry. �
<br /> wi ��s�,,,,��
<br /> ' 14.lotp�atlon. Londer mny entor tho proparty to Ir.spoct it if Londer givea Borrowar not�e beforehand. The notica muet state the reasonabie � � , ` w t
<br /> cause for Lender'e Inapectlon. �
<br /> 16.Cond�mm8on.Borrower oealgns tq Londor tho proceoda of any oword or clalrn for damaftea connected with a condomnation or othor taking �
<br /> of all or any partof the property.Such proceod8 will be epplled ae providod in Covenant 1.This esafgnment is oubjoct to tho torms of any prlor I� � °�;���
<br /> sacurity egreement
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<br /> 18.WaiY�r. By ezercfeing uny remedY avaitabto to Londor, Londor daos not givo up nny rights to leter use any other romedy. By not oxorcising � • �
<br /> eny►emedy upon Borrower's dofault,Lender does not waive eny ripht to lator constder tha event a default if It happona ngaln. " �,��!I
<br /> 17. Jadnt�nd S�wsal U�bN Ca•ilpn�ra; Succ�tson and Attipm Bound. All dutlos under tNs deed o4 truat aro Joint and sovoral. Any � � •�,, �'�+��
<br /> @orrower who co•slBna this�eed of trust but d000 not co•sipn the undorlying dobt instrumentlsl does so only to grunt and convoy that ; , .':�f
<br /> Borrowor's intoreat i�the proporry to the 7ruateo under tho torms of thia doed of truut.In eddition,such a Borrower agreoa that the Lender and ,• .
<br /> any other 9orrower under this deed of trust may oxtend, modifv or meko any other chanpos in tho torms of this dead of trust or tho socurod �
<br /> debt without that Borrower'e conaont and w(thout roteaslnp that Borrower irom the torma of this deed ot Vus�. � -" �
<br /> The dutien and henofite of thla dood of trust ehell bind end bunotit the euccessora and esnigne of Lender and Borrower. • `� i
<br /> 18.�1odn.Unlosa othorwiso roquirod by tow,ony nottce to 8orrowor ehvll bo pivon by delivorine i�or by mniling ft by certifiod moll addroesod to ' �j !
<br /> Borrower et the prop erry eddreee or any other eddross that Bo►rower has gIven to Londer. Borrowor wfil givo any notico to Londor by cortified •
<br /> . melt to Lender'e addrese on pepo 1 of thla deed of ttuat,or to any other eddrosa which Landor has dealgnoted.Any othor notice ta Londor shall • %i :
<br /> �� • be sont to Lond�r'e oddros6 as eteted o�page 1 ot thfe doed of trust. •
<br /> : Any notice ohall be deemed to havo boon givon to Borrowor or Londer whon givon In tho mennnr stated nbovo. " {� '
<br /> 18.TrM�if�r o}t1N Prop�ty or�Ben�flclv Int�n�S In th�tlorrow�r.If oll or nny peK of the proporty or eny intoroat In It Is sold o� trunsforrad
<br /> wlthout lender'e prior writton cansont, Londor may demond Immodiato paymont of tho socured dabt. Lendor may �Iso domend immodlote i
<br /> payment If the Borcowor is not o netural potson and e bonoficlal tntoro8t In thn Borrowor is sald or transforrod.Howovor, Lond4r mny not I
<br /> domand pnyment In tho nbovo sltuatlono 1}it Is prohibitod by tedarol law as of tho deta of thio dood of Vuet. , �
<br /> 20.R�cenv�yanc�.When tho oblfgatlon socurod by this doad of trust haa boon pold, nnd Londe�hea no funhor obligetion to mako advonces ` '� ;
<br /> under the Inatruments or agroomente securod by thls dond of trust, the Truotoo ahull,upon writtan roquoat by tho Lendor,roconvoy tho truat �.'•,
<br /> propsrry.The I.o�do: ahall dolivar Yo tho Borrowar,or to Borrowar's auccoesor In Intorost,tho trust daod and tho noto or othnr ovidoncn of tho i ___ii
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<br /> �� 21. Succasor Tmrta�. Londor, ot Londor's option, mny romovo Trustuo and appalnt o succoasor truatoa by firet, mulling a capy of tho , ,`+
<br /> substitution ot trustoo os roqulrod by oppllcnblo low,nnd thun,by filing tho subatitutfon of truatoo for rocord in tho oftico of tho�ogistor ot doeds i
<br /> � of each county in which Yho truet proporty, or somo pan thoroof,is sltuntod.Th0 cucco3sor trueta0, without convoyanco of tho proporty,shull v '
<br /> � suCCOOd to all tho po�nror,dutlos,outhority pnd titio of tha Trustc�o nnmod In tho doed of trust und of nny succoseor trustoo. I
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<br /> OANKER9 BY6TCM9.INC..ST.CLOUD,MN E�301 11�Epp�J31•2J11)FOAM OCPl.1T6NC EI18/91 �
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