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<br /> COVE[QANT3 -
<br /> 9. G�Y.-�:s::i�. Curiarlei lzyrcca.Eo mako atl payrr_nta on tho c�cutcd d¢bt ��h�n duo. Unloca Oorrot^rcr cnd Lcndcr ❑prco othcn•ilcu, cny .,
<br /> paymant� L�ncler neaiw�lrutrv tlorrower er far Borrower'� benefit wifl be epnlled ifrot to eny amounts Borrowor owe�on the sacurad doAt �
<br /> exclwiv�af Intsrs�x w princlp�l,t�cund to Intae�t, end then tn princlpd.It psrtlel prapaYnient of the eecured debt occure for eny reaaon,It wili •
<br /> "':`"' ' ^ not rK1ue�gr�xeu�t�ny�cMdubd p�yment untll the�ecund d�bt la pald in full.
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<br /> 1,. n; 2.CioMna Ap�t TitM.Rorrowre wlll p�y ell t�xs�, attsamente,�nd othor cherpea ettributabie to the{sraperty when dua and wii�detend tttla
<br /> �=•:-.;';4;. �. to ih�pro��pdn�t�ny clHm�which would Imp�k the Ii�n of thi�d�ed of tru�t.Lender miy requfn Borrower to usipn any ripht�,ctalm�or '
<br /> -_:�s::' �� �' d�1�n�O whlC 6orrowu m�y hew�pdn�t p�nies who auppiH(�bor or m�teriats tn tmprov�or m�Intain ti�n property, -
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<br /> • �, Mr.rMtr.��. Hnrrovlr,�wfll ke�ep the propr.riy Insured under teime ecceptehle to Lender et Bono�ver'e expenee nnd for Lr,nde�'e bertnHt. Ali ._.
<br /> �;�,Y�:�,�.� ;�n Inaur�rYw policN�thall InctuQs �ttand�rd mort0�p�cUu�s in favor of Lsnd�r.L�ndar will be mmsd ae loss p�ye�ot u th�inwred on rny sach ,. -,
<br /> ��r.� In�u��na po�Icy.Any inKx�nc�proce�ct�may 6e aunllad,within l�rtd�r's dlt.n�tion,to either tM nstentlon or np�k of tM damayad prupury f
<br /> �•-• • �,.�,r' or to 4h�s�cund d�bt.If Lendar raqulrea mortflspe iritunnu,Borrower apreet to maint�in�uch intunnce for��lonp es lender requlrs�. •
<br /> _ �•:,::���"'" 4.Prc+p�rty.8arowo will keep ths properry In pood corxlttion and make a11 ropelrs roasonebly noceea�ry. �
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<br /> '':�''���r 6.Exp�N.Borrow�r��n to pay�II Lendar's expense� i�dudinfl reasonabls ettorneyi'(se�,tf Borrower bre�k�eny covenante(n thit deed
<br /> �� ��'. . of truat nr in�ny obliqetlon aeured by this deed of trust.�orrower will psy these emounta to Lender��provided in Covenant 9 of thfa deed of
<br /> - truat. .
<br /> __ , 8.Pritx B�eutity Int�unb.Unteu Bortowx Hnt obtalne Lender'e written consent, Borrower will not make or permft eny chanpea to sny prior �
<br /> � � secWity Intersste.Bo►rowx wiN pnrtorm all of Borrower'e obilpatlons undar any prior mortpape, deed of truat or other sacurity epreement,
<br /> . . Inciudinp Horrowsr'�covannnte to meke payment�wMn duo. „
<br /> '.. 7.At�of R��nd P�q1ka.Banower aacfyna to Lender tha rente and profite of the proparty.Untas�Borrower and Lender have apreed
<br /> ,. � :, otMrw w in vrritinp, 8orrow�r m�y coflect and retain the rent�ae lonp ae Borrower la not in default. If Borrower defaultQ. Lender, Lender's '
<br /> ag�nt, a a cotxt apppint�d recolvar may taka posaeccion and menopa ths property and collect the rentt,Any rent� lender colloct�shail be �
<br /> •,?t,� '� �. appN�d ikn co tt»co�to of mannpinp tno propsrty,Including couR cosU �nd attomeya'fee�, commisslons to rontel epenta, end any other �
<br /> . , n�c�sury•.:f�tsd�xp�ntet.The rem�ininp amount ai rents wi0 then apply to puymente on the�ecurod debt as provided In Covenant 1. ( tr-): :" ..-
<br /> . e.L�as�l�oidr.Coedart�m; Plerwd Unt D�wloptrMnu.Borrower a�reey to compiy wtth the provisions af eny leeae if thia deed of trust ix on •- rti!'�'"::':�
<br /> . a Ins�h0ld.If thii de�d of V�cst Is on a unit in n condominium or s p mned unit davelopmont, Borrowar r�ip pnrform all of Botrower's diaties ••::-Kt::-�-'
<br /> undr►tM covenants,bylaw�,w rspulatbns ot the condomiofum a ptanned urait development. ��;�r;:t,;�,;;�::._
<br /> , 9. Authaity of LN�d�r tv PKfortn fa Borrow�r. If Borrower faib to perform any of Uorrower'e dutiea under this deed of trust, Londer may `�
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<br /> p�ttomt the dutis�a caus�tt�em to be performed. Lender ma�eipre Bortnwer'e nsme or pay eny amount if nacescuy for porformance.If any '•'1��=�•--w •
<br /> �-. '' Y conitruction on th�pr opsrty is dscont!nuad or not carrled on in A reasomWe rnanrter, Lender may do whetever b necessery to protect Lender'a ° �+�.�,�,°1?��"
<br /> ascurity Intereat fn the prnpe�ty.Th�s may inciude compleUng the construcdon. �"
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<br /> 1• �` LenAN'�faikxe to pertorm wifl not procludo L�nda 6om exercising sny of its othe:righU under tfie law or thls deed of trust. .�� r,,;;���,�.
<br /> - �'�• Any amount�paW by Lsnde to prot�ct Lsnd�r'�aecurity Inters�t will be cecmed by thls deed oi trust.Such �mounts wiil be due an dem�rvd �� i�y�
<br /> �• artd ttiH bssr tntcrest hem the�+eto of tha poymcnt until pa!d in fu!1 et tho fntcrast rate fn cNcct on tha ccre�rcd dcbt. • ����'
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<br /> ; 10.Win�lt�nd Act��tlon. I(Bortower faila to m�ke any p�yment when due or brealu eny cavenanu under this deed of Wat or any ��
<br /> ,� obipetion sQCUnd by thia dead of trust or eny priar mortpage or deed of trust, Lender may eccelsnte tM meturity of the secured debt and '�w•k:��� '•
<br /> d�mand Imm�diat�paym�nt�nC1 mey invoka the powar of Rate and any oth�r ramsdies permitted by npplicabb law. `. -� �,
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<br /> , . �� 77.R�t ta Node�of Wfault. ft Ie hereby requened ffiet coples of the notices of dafault and sde be sent to e�ch peraon who ia a party ' �."
<br /> � hereto,�t the�ddress o!aach such pereo�i,aa yet foeth herein.
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<br /> ,, 72.PowN of Sal�.14 thb Ler►dar invokes the powor of sab,the Trustee shell flrst recurd in the offfae of the�eglster of dead�of esch caunty
<br /> ' whx�tn tM trust property a soms put ur parcel thereot is situated a notice of defautt contalnlng tho Informstlon requlred by Isw.The Truataa
<br /> shaN at�o m�il copb�of the noUcs of defuult to tha Bortower, to esch parson who ia s psrty hereto,and to other per�ons es(xetcflbad by
<br /> . ,�,�� appAeabM law. Nat les�th�n on� month after tho Truatee ncords the notice of def��alt, a two month�If the Vust prop�rty ls not in any •
<br /> �' incapontsd crtt/a village snd i�used In tirmina o�porrtiona carrled on by tha trustor,tha Truetee ehall pive publlo r►oUco o!sale to the parsona � �,
<br /> • '�' �' artd In tM m�nner pnstxib�d bY epppllcabN law.Trustee,wlthout demand on 6orrower,shall se11 tM property�t pu6lta�uction to the hip4iett
<br /> � biddv.If requlred by the Farm Nomestoad Proiection Act,Trustee ah�tl offor the property In two separeLa snlee as rpulred by applfcable I�w. 1^
<br /> =��•'�' � �����+. Truaee msy postgon�nk of a!I a�ny pxcol of tfie propaty by public sn�owncement at the tlme�nd piace of sny provbusly schedubd stle. .� „�
<br /> . • LendK or it�duiynN m�y purchus ths p►opsny at any s�k. �d`
<br /> � � �'""^' Upan recetpt o4 paVment ot the prlce bld,Trustne shall dellver to the purchaser Trustee'e deed conveyin0 tfw p►operty.The recltlala contalned t� t•
<br /> � � � Trutt�e9 tleetl ahaM be p►1m�facb evldience of the truth of tfie et�tements contalned therein.Trustee shail epply tha�roceedr of the es{e�fn tM ,+"'•�'�"�'
<br /> , tollowinp order: (a) to all expenaes of the sale, including, but not IlmSted to, reaaonable Trustee'e fcet, reason�bla ettorney's fee� end ,!t.;;':,°�f�
<br /> - reln�t�tement teer,(b)to all cums secured by thls deed of uust,and lcl the Dalance,if any.ta the persons Iepafly entltled to receive it. �n`����� -
<br /> ������ tl.Y�+�!"e �
<br /> •. - i '��'`. on ri�sl prp�;At Lender'o optbn,thia deed of trust mey bo foroatosed in the mannet provldo by eppllcabla law tor foroclosure of mortpape� ,:=�'r1�' � �
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<br /> ''+�,,;„� � 1�6.Insqctlon.lende�miy enter the p►operty to Inspect(t if Lender glves Borrower notice betorohend. The notico must stete the roasanable ' �' -�':"° `-
<br /> . • , . cau:e 4a Landar's inspection. �� �,n.�-,:
<br /> . ' 'i�it►s} :' .�.'._ T/� ,
<br /> , . •� � 16.Cond�tloo.Borrower�stlgm ro Lender thep�ocesds of eny eward or clalm tar damn�ges connected with a conAemnatlon or ather taklnq � ""•'"' ��•�?�`-i,
<br /> '•;'•ti� . of dl vr�ny part of the property.Such proceeda wilt be epplied ea provided in Covenant 1.Thla asslenment Is subject to the te►ma ot any��inr • =���> '
<br /> __ securit1�preement. �.::;1�•'��:��:�
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<br /> � . , " 1S.Walwr.By�xerciclnp any remedy avaitable to Lender, Lender doos not gtve up cny rtghte to later use any other rsmedy.By not exerclsfng � ���' '
<br /> .�,' anyrem�dy opon 8orrower's deiautt,Lender does not watva eny rlght to leter conslder the event a detault if R happem mg�ln. �. °.�,�.�,.,„:"
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<br /> "��� � • t 17.Joint�nd 6�wn1 �� Co-s►yiwn: Sucx�ua� �nd Asslprn Bound. All dutlea under thfs deed of trust �re Jolnt and soverel. Any �K� '
<br /> ;•�+ B orrowK w h o cas t pna t h l e dfee d o f b'ust but does not cas lgn t h e u n dorlyinp de bi instniment{s) does so on ly to pront end convey that � iC
<br /> _. .�;;.,;` E3orrowx's interest In ths p ro p s rt y to tTw 7r�scee under the terma of thf�doea of Vust.In adaitfon,such e Borcower a proee that the L e n d c r e n d
<br /> - . •• any ottwr Borrower under thl� deed of trust anay extexi,modifYor meke any other chonges in the terms of thla deed ot trutt or the sncured '
<br /> - . • dobt wittaut thK Bonoweri c�onsent end wftTwut roteasfnp that eorrowar trom the terms of thfa deed of truat.
<br /> ,:,i TM dutlu snt!bene4its of thl�daed ot Vu�t shall hind end beneift thn succes�ors and�salpns o}Lendar end Borrower. '
<br /> � 1Y.Notla.Unles�otherwlse requlred by law,any notice to Borrower shall be plven by dellveriny it or by mail?ng ft by cnriit�ed meil edd:essed to
<br /> • •. � Borrovwr�t tiir pro rtyr�ddre»or eny other eddrosi that Borrawar hes�tven 4o Lender.Borrowor w�ll glve any noNcO to Lender by cortltiod
<br /> x mall ta Lender'a�s�on D�pe 1 of thls dand ot truet, or to sny otfiar a.dress whfch Lander has dosigraafed. Any othor notice to Len�lnr ehull ••
<br /> • be�ant to Lendur'e�ddrasi e�steted on pepo t of thb doed af trust. .
<br /> Alny rwtic�sh�ll be dsemed to e��v�baen piwn to Borrowsr or Lendor wts�n ptven In tho manr►er steted�bove.
<br />-•-;j i S9.Tramt�r oi tlw ihoperty os �B�naRcl�i Int�ntt In tM Eorraww. If all or eny paR of the propertv or any interest In It 19 cotd or tnnsisned
<br /> without lender'a prior w►itten consent. Lender moy domand immediete p9ymant of tho aecurcd doht. Londor may also dem�rtd tmmedtate
<br /> �:r,*.t: payment if Mo�onower Is not a natural �er3on ond a beneHclal intoro�t in tho Borrower ie sold or tr.anstoRed. However, Lender mey noi '
<br /> �:� ,;�:.?��� dom�nd paymen!in tho eLove�sltuallona it'r is�roh(bitod by federel law as o?IIho doto of thfa deed of t►us4.
<br />- �`'"� 20.R�canwy�ne�.WMn tM oblipatlon secur�d by tMs deed oi Vust hoa baen pald and Lender has no further oblipatton to make advancea
<br /> under the Instrumenta or e�e�ments necured by thls deed of trust, tho Trustee shalf upon wrlttun reQuest b r�tha lender, reconvey the wat �'
<br /> - --� n.�ndrtv.Th�L�r�tLr ahall var tn ths 8nrrnwu.nr tn 9nrrnur�r'�u�cceir��•In Interatt.ths nust ds�d arvl t nnta ev nth.....==----..�•�
<br /> ,.;-•;:i�"" � oblfp�Uon w atictiad.Bortower chn11 psy eny rocurdaUon coats.- - - --- -- --°- _.�_.�_. ..� i=:._..-_—__-:_:
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<br /> " �{ 21.6uCe�s�w TruKN. I.endor, nt Londer's optlon, m�y romove Truatoo end appolnt a succossor Vuaton by firat, malting e copy of the i
<br /> ': . i subatitutlan of t►uetea a�roqulred by eppllcabto law,and then,by fitirtg tha subsNtutlon of vustao for racord In the offlco of the regfater of deeds
<br /> . of each county 1��whlch the Vuat property,or some pert tharuof,Is situated.Tho succossor Vusteo, witt►out conveyence of the propaity,shall
<br /> �. � sucCesd to�II thR power,duUea,euthorlty end titlo of tho Trustce nemad In tho deed of truat end of eny nuccossor trustee.
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<br /> '; t"'�, ;�6�` S�1K�S 8Y6TEMS,INC.,6T.CIOW,MN 66�D1 ft-806J97•]3�11��M OCP-MT6HE E/18191
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