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<br /> 9. Pay��nto. Darro�vcr cpr000 to rnolc�cll R�ymcnto on th� oor,urcd dobt ��li�n duo. Unlann Uorrov�cr ond Lo�ed�r cgrc� oth�n�lno, ony
<br /> � peymenta Land�r recelvas irom Borrower or for �orrowtr'o h�a�aH4 wlll bo oppll�d Ilrot to nny omounln Rarro�rcr ov�,.o on 4h� cccu�cn dobt
<br /> oxctuslvo of interost ar pflnclpnl,eoeond to Interest,end tt�on to principel.If pa►tlal propoyment of th0 etfcuresd debt oceure fo►eny re�eon,It v�lll „ .;+� •�
<br /> not rcduco or orccuae eny scheduled poym�nt untll thr tocu►ed dabt la p�id In tull. .
<br /> Z.Claim�Aqdnat Titis.8otrowar wtll pay e!I texrea,asee��mente,end other cherpeo ettributabia to the property when duo end witl detend titlo . �
<br /> defenees whiche8orrowir mry�luv��i n tQplrtt�l�pwho�uPPiy tiboi or m�terlile to improva orymefnta n Bhe�propertyea�IQn ony rightr,clalma or �'
<br /> �r•• �,
<br /> 3. Ineuronc�.Dorrowor wlll kocp the proparty insurad under terr�ie ecceptu6lo to Londor nY Dorrowar'e expenne end(o►Lender'• hanefit. All � � „�"..
<br /> Incuranco policie�ahall Inciudo e�tendard mortpopa cl�uea�n levor oi Lendar.Lcndor wJlt��ncm�d un to�o poyca ar eo th�In�ured on any such � i �
<br /> Insunnce policy.Any In�unnce pracaed�m�y be epp1i�Q,within L�nder'�dltcntlon,to etther tho r0atorntlon or rep�ir of the d�m�ped propertti i .�,g i
<br /> or to the oecured debt.If Londer requires mortpeyo Insurence,Bormwer epreac to mofntaln such Insunnc�!or e�lonfl e�Lend�r requlre�. .$
<br /> 4.P�opuly.Borrower wfil koop the propeny In pood condltton end meko all�epalre reeaonably neceseery. I ���, . •
<br /> 6.Expena�a.Borrower egroos to pey ell Lender's oxpansea, Inctudinp reasoneble ettorneyn'faee, If Borrowar breeks e�y covenent�in thi�dead I �
<br /> of trust or in nny obifpatlon socurod by thie dood of trubt.Borrower will pey these emounte to Lo�dar ae provlded I�Covenent 8 of thle deed of
<br /> truat. � �
<br /> 8.Prior Stcur(ty Intenit�.Unlese Borrov�er flrst obtatna Londar's written conaent, Borrowor witl not mako or permlt sny chanpea to ony prlor ,
<br /> eecurity Intereste. 8orrowor wiil {terto►m all of Borrower'e oblipetione under any prlor mo►tpago, deed of truat or other tecurlty epreement, i 4 Q
<br /> including Borrowor'e covenante to meke paymentt when due.
<br /> othervv�sortln�writing�Boi owcPir�may collecWt end re�alntthe�rentetes long 9e�8orrower Istnot�in defeul2.nit BorBrov,e,r defaults�Lende�vLerider o i •
<br /> agent, or o coun appointod receivar meV take poaeesolon and manepe the p:operty end colleat the►enUt.Any rents Lander collects sheil be ,
<br /> epplled first to the costs of inenayln the proporty, includina court coete and sttorneye' fee�, commfasions to rentN eC�ent�, end eny other i
<br /> neceasary retatad expensea.The rema�ninp amaunt of rents wlll then eppty to paymente on the oecure�debt e�provided in Covensnt 1. �
<br /> 8.L�asaholdr Condmni�itur�ia;Riae�nod Urs.`t O:v:apm:r�ta.Borrot�er e ress to comp!y with the provliionn of eny lease ii thls deed of vu�t Is on � .
<br /> a loanohold.I�this dood of truat ie on a unit In o condominlum or a p�anned unit development, Borrower wfll perform eli of Borrower's dutie�
<br /> under the covenante,by-lewe,or reyuletfona of the condominlum or plonned unit development.
<br /> 9.AuthoriEy of Lender to Perform for Bor�ower. If Borrowor falls to erform any of Borrower's dutfea under this deed of Vust, Lertder mey ' �''.' �
<br /> �p ri
<br /> porform the dutiea ar causo them tu bo porformod.Londor mey elgn Borrowsr'e name or pay eny emount if neceesery for performance.It any • „ �
<br /> constructlon on the praporty la diacant(nued or not catried on In e roasonah:e menner,Lende►may do whstever la neces�ary to protea't L�nder'� �
<br /> sacurity intorost In tfio proporty.This may includo comptotlnp the construcUon. �r � ��
<br /> Lender's fuilure to portorm witl not proclude Lender irom exerclsing any of ite other riphta undar the lew or thle dead of truat. � �;i,�.:{
<br /> Any amounts paid by Londer to protect Lander's socurity intoreet will be secured by thla deod of truat.Such emount�wiil ba due on dlmend i��,�`
<br /> and wiil6our Intoreat trom tho dato of the payment until paid In full et the intereat rate in eHect on the secu►ed debt. r�!'f, ��
<br /> ' 10. pefautt end Acaateratlon. If Borrower fafls to meke any payment when due or broaks eny covonents under thio dsed of trust or any �� �•�'
<br /> " domand Immodia o peym�ont and mey invoko the p wer of sole and any other remodie�s permitted by epplicebte lew rfty of the�acurad d�bt antl
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<br /> ' 11.R�qu�bt toi NoUCS ot Defautt.it Is neraoy roquosinu ii�6i rANioo vt t�.a�Ct:s:.o�!..°•°L,t�nd==,___ __rr rn p�r_.h�erson who I� a QnrN ,_._�7�� , .—
<br /> hereto,at the address of each such person,as sot torth hareln. ��
<br /> 12.Powu of Sdo.If tho Lunder invokoa tho power of selo,tho Truatee shall first rocord in the offlce oT tho repistor of doedi of each county c
<br /> ehall s�Isohmnil coplea of�the not ca of default to�therporrowetr,et deach persondwho Iis�e pa�rry horaio�and to�otheipereons�as p e�cribedtby ; ` � �
<br /> epplicablo low. Not lose than ana month after the Trustee recorde the notice of dotault or two montha�f tha truat property Is not in eny � .�
<br /> Inaorporated city or villapo ond Is used in farminp opurationa carried on by the trustor,the fruetee ehall pivo public notice of sals to the percana ! r_
<br /> and in tho manner prescribod by eppplicabte lew.Truatea, without demend on Borrower,ohall sell the property et publlo auatlon to the hiphest , _
<br /> biddor.If required by tho Farm Homestead Protectlon Act. Trustee ehall oftor tho propertV in two separote salea es required by�pplicable law. ; , y,.
<br /> 7ruetee may postpo�o ealo of ull or eny parcel of the proporty by publia announcement at the tfine end plece of any previou�ly schaduled sele. • ,�r
<br /> ' Lendor or ite dosignoo may purchaso tho praperty at nny sete. � � "
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<br /> Upon raceipt ot payment of the price bid,Trustae shall doliver to the purchaaer Trusteo's doad conveyin0 tho property.The recitlals containnd in : I,ti
<br /> Trustoa's tleed shalt bo prima fucie evidience of tho truth of the stetoments containod 4horein,Trustoe ahull apply the proceede of the eote in the ; �` .!� (i�
<br /> followinfl ordor: (a) to all exponses of the eale, Inciuding, but not Ilmfted to, roaeonabto Trusta�'s feea, reasonsbtt� attorney's feea end � ;
<br /> refnstatomont iea3;(bl to all sums securod by thle daed ot trus4,and Ic)the balanca,If any,to tho persons(o8ally entltled to reeeive It. � ���
<br /> 13.For�cloture.A4 Lendor's option,thfa dood of trust may ho foreclosod In the manner provide by epplicable law for fareclosure of mortpages ! �
<br /> on ront proporty. �• �. ��`��'
<br /> 14.InspecHon.Londor may enter the property to Inspoct it if Lendor givea Borrowor notico be4orohand.The notico must etoto the roosonablo
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<br /> cuuso for Londor's Inspoctlon. ' •
<br /> 16.CondemnsUon.Borrawor ossfgns to 4ender tho procoeda of nny ewerd or clalm for damagoe connocted with a condemnation or other teking .�'�
<br /> of all or any part of tho proporty.Such proceods wiii be eppAed os provided fn Covonant 1. Thic assignmont Is subJoct to the torms of any pnor 5.,
<br /> � security agreomant. , ��`�'
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<br /> 18.Weive�.FTy oxorcisinp any romedY evbilnbie to Londor,Lender does not givo up nny righta to ieter uso uny other remedy.By not exorcieinp � � �4 �
<br /> eny ramedy upon Borrowor'�dofuuit.Lendar doos not waiva any right to lator considor tho event a default ff It happons apeln. ,;:ti�li�
<br /> 17. Joint end Soverel Llebtlitv: Co•stpnero; Succason an� Asalpns Bound. All dutios under thie dood of Vust are Jolnt und aeveral. Any i .� ` ;.�;.;J
<br /> Borrowar who co•signe thla dead of truat but dooa not co-sipn tho undorlying dabt instrumentie) dooe so onty to grertt end convey thet � !�
<br /> Borrowor's Intorost in tho proporty to tho Trusteo undor tho torms of this daod of trust.In addition,such a Borrower ogroos thet the Lender end ,a'
<br /> any othor Borrowor undor this daod oi truat may oxtond, moditv or make any othor chnnQee In tho terma of thla doed of trust or tho eecurod .� .
<br /> debt without that Borrowor's consunt and without rotoosinp thatBorrowor from tho terms ot this daed of truet. � �
<br /> n •r 1
<br /> The dutlos end bonafits of thia dood of Vust shall bind und boneNt tho succossors and asaiqns of Londor nnd Borrower. ��
<br /> 18.NoUc�.Unioss othorwisn roquirod by law,any notice to Borrowor ehali be pivon by delivering it or by malling It by cortiffed mall eddruased to x �
<br /> Borrowor at tho proporty eddrose or anY othor nddrosa that Borrowor has givan to Lundor. Borrower will pivo eny notico to Lendar by cortifiod
<br /> moll to Landor'a addresa on paflo 1 of thls deod of truot,or to eny othor addrose whlch Londor has dusignated.Any othor notico to Londer shall .y ;
<br /> ho eant to Londor's addrosa as stotod on papo 1 ot this dcsad of truat. �
<br /> _ Any notico shnll bo doamod to hnvo been pivo�i to Borrower or Londor whon givon in tho mennor etatod abovo.
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<br /> 19.Transfer of the Ptoperty or e�sneflcld Intere�t in ths Borrower.It all or ony port of tho proportv or any intorost in it is sold or tranaforred
<br /> without Landor'a prlor wr(tton cansont, Londar may demnnd Immadiato paymont of tho sacurad dobt. Londor may nlso domand Immodleto •:'I
<br /> paymont if tho Borrowor is not a noturol porsun and o bonqficiul intorost In the Bortowar Is sold or transforrad. Howevor, Londor may not • . �
<br /> domsnd paymont In tho obovo situations ff it fs prohibitod by fodornl luw uo of tho dato of tNla daod of tru3t. -
<br /> 20.Reconveyence.Whon tho obllgation sucurod by tltis doad of vust has boon pald,und Londar has no furthor obligetlon to mako advoncos . �.�
<br /> � undor tho Instrumnnta ar ngronmontc socurod by thle doed of ttuat,tho Truatuo shnll,upon written roquest by tho Lon�o�,roconvoy tho trust
<br /> proporty.Tho Londor shali dalivor to tho Borrower,or to Borrqwor's succassor In Intorost, tho truat daod and:ho noto or othor ovldonco of the ,� �
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<br /> , Obllpatlon so 9atfstlatl.tsorrowor snaii pay any ra�v��euv�.ova.o. --
<br /> 21. Successor Trustee. Londor, at Lander's option, moy romovo Trustoe nnd appoint a succoasor nuatoo by tirat, muilinp n copy of tlio
<br /> substttutian of trustoo ue roquirad by opplicnbls Inw,nnd thon,by fillnfl tho eubstitutfon of trustoo tor rocord in tho oifico of tho ropietor of doads '�
<br /> � succo d to oll the powor tduti s3outhorty u^d titlo oft o Trusroo namod in tho doad of trsust and of nnyfouccossor trustoo.�f tho proporty, ehali �_i
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<br /> � OANKEFiS 6YSTEMS.INC�.ST.C10U0.MN 60901 It•000.397-27t11 GOVM OCP�MT6Nf 6/1918� � �
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