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<br /> covES�nN�s �i�s� �6 P'�.��(� �
<br /> 1. Neyrnmt�. 8orrower e�roes to mnko oll puymonte on tho aocurod dobt whon dua. Unloeo Dorrowor ond l.ondor npruo othorwisa, nny i ) :-°'
<br /> paymente Lender recslvee from �orrowor or for Uorrowor'e benofit will bo eppllod firet to eny amounte Borrownr owon on tho sor,urud dobt
<br /> exctuilve of Interost or principsl,acond to Intere�t, md then to principel.lf partld prepeyment o}thA secured debt occure for any renson, It will i
<br /> not reduce or excute�ny�Choduled psyment until the Iacured debt la peld In full, E�
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<br /> 2.Ctalme Ap�ln�t TNN. Borrower wiq pry�II t�xsi, u�s�sment�,end other charpe�sttributeblo to the prope►ty whon duo end will dofond titlo ; �r':'-
<br /> ° to the property■palmt any ct�imt whlch would Imp�lr the Ilm o}chf�deed of truyt. Lende►m�y requlre Bo►rower m a�elfln any rlphte,clalma or -
<br /> detenaee whfch dorrower mey have epaln�t partlee who supply labo►o►meterlale to Improve or me!ntaln the propeny. ; ��j
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<br /> �.Insunnco. Borrower will keep the property Intured under tarm� ecceptable to Lendor et Fiorrowor's expnnse end tor Lendor's banofit,All ; �� �n .
<br /> InaurNnce policla�hdl Includo a etand�rd mortS1ape cl�use U fwor of Lender.Lendor will be nemed eA loae peyee or ea the insured on any euch , -�_
<br /> inwrance policy.Any Inturenca proceede msy bs tpplled, within Lender'�discretlon,to either tho reetoretion or repair of the damepod proporty , $��
<br /> or to the secured debt.N Lender requlroe mortpepe inturence,Borrowor aproea to malntein euch inauranca}or ae lonp ae Landur roquiroa. i �y .
<br />� " � 4.Prop�rty.Borrower will keop the proporty in pood conditlon end maka ell repalre reaeonably nocoeaery. ! `� �
<br />' 6.Expens�s.9c►rrowcr epree�to pay ali Lender's axpenses,Includlnp reesonable ettornoyo'fees, If Borrowor broaka eny covenants In thls dood I
<br /> of tniGt nr In nny obligatlon aacured by thie deed o} truet. Borrower wltl pay theee amounte to Lender as providod In Covenont 9 of thia deed of � � '��
<br /> tmaY. � .
<br /> 8.Prior 8rcurity InEfnst�. Unteae 8orrower firet obtelnn Lendar's writton consent, 8orrowe►will not mako or pormit eny changes to any prior �
<br /> security Inter�ste. Barrqwer will perform all of Borrower's obligetiona undor any prior mortgage, deed of truat or other socur'ity agroement, .
<br />- „ Including 8orrovrer's covenante to meko paymente when duo. �
<br /> � 7.A�aipnm�nt of Rtt�t��r►�P�oftU.Bor►owet esalpna to Londor the rente and profits of the proporty.Unioas Borrowor and Londor hovo nflrood I '
<br /> . othetwai e In writing, Botrowar mey collect and retaln the rente se lonp as 8orrower is not in defsuit. It Borrowor dofauits, Lendar, Londor's
<br /> apent,or a cuurt sppointed recelver may take poeaeaslon end menage the property and colloct the renta. Any rentR Lender collecta shall be " �
<br /> y applied tiret to the coate o}manaping the property.Includln{� coun coets and attornoys' foes, commissfons to rentel a9ente, and any otlie� I �
<br /> necesaary related axpenlea.The remaining amount ot renta will then apply to peymente on the socurod debt ae providod in Covenant 1. � « _._....
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<br /> 8.L�at�hdd�•Condomldumr,Phnn�d Udt D�vNopmmts.Borrower agroas to comply with tho provialone of any louse if this daed of trust is on
<br /> ;�� a leaaehold.I�this deed of trust la on a urtit in o condominfum or o planned unit development, Sorrower wiil perform all of Borrowor's dutios -
<br /> S : under the covenanta,6y-lewe,or teflulations of tho condominium or plannod un(t development.
<br /> j.,; �� 8.Iluthority of L�rtdK to PKtorm tor Bonow�r. If Borrowe� fails to�erform any of Borrower's dutiea under this deed of r,nist, Lundor mny ��
<br /> ° parfarm the dutfoa ur cause tham to be performed. Londor mey sign dorrowe►'s nama or pay any amount if necasaery ior p�,;wi�ia���a. fl n��y - �
<br /> ° construction on the property IB disCOntinuod or not carriqd on in�roasanoblo mannor,Londer moy do whatover le nacossary to protect Lender's _
<br />.� sacurity intereat In the property.This may includo cornpletinp tha construction.
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<br /> Lender's faflure ta perform w(II not proctudo Lendor from axercising any of Its other riphts under the law or this doed of trust. -
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<br /> Any amounte paid by Londer to protect Londer's security intoroat will bo socured by this dood of trust. Such amountc wili bu due on demend '" - T
<br />: and will bear Intereut irom the dete of the payment until paid In full at the interest rato in effect on the secured debt. �'
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<br /> 10. Dofwit�nd Acc�I�ntion. If Borrower fails to make any paymont when due or breaks any covenants under this deed of trust or any ' � ,,
<br /> oblfpetion sacured by this deed of ttust or any prior mortflapo or doad of trust,Lender may acceieruto the meturity of the secured debt end . �''
<br /> demand Immediate oevment and mav Invoke tho power ot sala und any otho�remodios permlttod by applitable law. '
<br /> � ��,.l 11.Repuut to►NoUc�of D�fault.It la hereby requostod that copies of the no�ices of default and salo bo nant to oach porson who la a party ��: �
<br /> ' ''I hereto,st tha addross of each such person,as set farth horain. . .,;�-,- .
<br /> � 12.�oww o}5�1�.If tho Lendor invokee tho power of salo,tho Trustee shall ilrat racord in the offlte of the register of deeds of eech county r,�•
<br /> whoroin tho uu&t proporty or somo part or parcel thoraof la eitufltod a notice of dofeult contain�n tlie Informatlon requlred by law. The Trustee -•�
<br />- ".,���r` shell also mall copies of the notice of default to tho Borrower, to each person who is u pariy�areto, end to other persons ea prescrihed by • . ^
<br /> ' • eppllcable law. Not less than one month nftor tho Trustae rocards the notico of default or t�va months if the truet prpperty le not in eny �� .
<br /> . Incorporated city or villege and is used in farming oporotions carried on by tho trustor,the frustee sheil pive public notice of eale to the pereons '-�"
<br /> end fn the manner prescribed by apppiicabie law. Trustoe,without domend on Borrower, shall eeil the property at public auct(on to the hiphest t � `
<br /> blddea It required by the Farm Homeatead Proteotion Act,Trustea shell oHer the property In two sepvate salea as raquired by eppliceble lew. _
<br />- Trustee may postpone salo of ali or any parcel of tho proparty by public unnouncoment ot the time nnd placo of any proviously echeduled enle.
<br /> . Londar or ite deeignee may purchase the proporty et eny sale. �"��'
<br /> � +iu,�iy� ,
<br /> Upon rcceipt of payment of tha price bfd,Trustee shall deliver to tho purchaser Trustee's deed convey(nA the property.Tho recttfate contolned In � .
<br /> Trustee's tleed ehatl be prima facle evldience of the truth ot tho etetomenta contalnod theru(n.Trustoo shall opply the procaeds of the eate In the �
<br /> following order: (a1 to aIl exponsea of tho ealo, Including, but not Ilmftod to, roasonebto Trustoo's foas, re�sonable ettornoy'n tees end _ � .,_ --
<br /> •, � � refnatatement feea;Ib)to all sume secured by thia�eed of truat,and lal tho bnlanco,if eny,to the persons logatty entltled to rocelvo It. q{^;��
<br /> 13.Foucloture.At Lender'a optfon,thia dood of trust muy bo foreclo�od In tho manner provide by nppllcable law for foroclosure ot moKpopoa ��-
<br /> on roal property. ""�'���-
<br /> �`��' "�' . 14. In�p�nttore.Lender may ontor the proporty to Inapect It If Londor gives Borrowor notico b2�ta:ohand.The notfce must etato the roasonabto , � * ��� �
<br /> • cause for Lender's Inspactlon. . ,�_��
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<br />- �� 16.Cond�mn�Uon.Borrower asalgns to Lendor tho roceeda of any eward or clalm for damages connected wlth a candemnetlon or other taking ;�k+�-�
<br /> ��'��.' of all or eny part of tho property.Such proceeds wfP be npplled as providod In Covenant 1.Thln esalgnmont Ie subJoct tu the terms of any prio► ��•�•�+�����++�-—
<br /> .; -'�'�- security agreemant. �.- '. '�;._.-'�i�+.�s�—`'—r��--
<br /> � S6:W�v�►.By exerclsin an remedY avallable to Lendar,londer does not Ivo up an rf hts to late►use anV othar remod . B not oxerclsln �'��•';{;' '��-'�._
<br /> U Y 8 Y B Y Y 8 �,,t.��� '-� ��""„ _
<br /> r, eny remedy upon BorroweYs de9auh.Lender does not weivo any ripht ta lator considar the evont o defeult If it happens egeln. �-�•
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<br /> ;.. „ �� 17. Jdnt �nd 3�vsr�l LlaWlftv Co-slpmrs; 3ucsaasors aod Awlym Bou�d. All dutias undor thlo deed of truet are jolnt and several. Any , ' .� ��yj- �:_�_
<br /> Barrower who co-slgna thla deed ot truet but doea nat co•slgn tho undorlyIng debt inatrumentlal does s� only to gront and convey that �i'��•.;
<br /> � `�. +- Borrower's Intereat In the proporty to tho 7ruatee undor tho torms of thls daed of trust.In addltion,such a Barrowar epreea thet the Lender end `<1`:,'•-.• :-
<br /> eny other Borrov+er undor thls deed of trust may oxtond, modify or mako nny other changvs In tM terms of thia deed of trust o►tho secured tit�';;k•"_ �
<br /> -' debt wlthout thet Borrower's consmnt and without roleasinp that Barowor from tho terme of thfa dead of trust. ;���� •`;i�""
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<br /> • Tho duttea end bene(its of thle doaci of trust shnll bfnd ond bonefit tho auccossore end esslgns of Londer end Borrowor. " • -
<br /> .1 18.NoUc�.Unlese otharwlse required by law,any notice to Borrowar shnll bo glvon by delivodng it or by maiHnD it by certt�iod mail addressed to !������ _
<br /> 3 �� Borro�ver ot the property eddrese or any other atld►e6s thet Borrowor has Iven to Lander.Borrower wlll giva any notico to Lender by certl(ied ,
<br /> '"� mail to Lender's eddross on pago 1 of thls doed of trust,or to any othor e�drase whlch Londer han designat�+d.Any other notice to Lendor ahall '
<br /> -y � be aont to Lender's addrea8 as statod on poga 1 04 4h1�doed of trust.
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<br /> Any notfco ahall bo door;�od to hava boon glvon to Borrawar or Londor whon plvon In tho monner steted ebove.
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<br /> 19.T►anshr of tM PropKty a�B�flcl� IntK��t In tfi�Borrow�r. If all or any part of the proparty or any Intoreat In it Is sold or tranntnrred
<br /> wlifiout Lender'e prla w�ltton consent, Lender may dnmend fmmediato payment of the securod debt. Ler.dcr may alao domend Immedlete
<br /> � payment if the Oorro►ver Is not e naturel peraon nnd n boneflclal fntore�t In the Borrower le sold or tronsfarred. Howaver, Londor may not
<br /> . demaM payment in the above situatlons ff tt Ia prahibltod by fedarel law es of the deto of thls d��d of truat.
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<br /> Y. , 20. R�conwyaec�.Who�the obligatlon securod by thls daed af trust has boen pald,ond Lender has no furthor obligutlon to meke edvancos .
<br /> - -- uMer tho Insuumenta or aateements socuted bv thla doed of Vust. tho Trustoe shall,upon written request by the Lendot, roCOnvey the trust L____________
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<br /> - ropert The Lender shalt dollver to the Borrowar,or to BorrowoYC succossor fn Intorost,the nust tleeu ena tno note or omer ev�aence oi me
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<br /> ��, obllpatlon so aatlatiEd.Borro�ver shall pay any roco�dotlon costs. �
<br />�%� � 21. Suce�ttar Tn�stoe. Lendar, at Lendor's option, may romove Trustoo and appolnt a euccoasor trunteo by flret, maf�ing � copy of tho �
<br /> substitution of trustae as roquired by applica�lo law,nnd thon,by fitin�tho sutrstitution of trustoe tor raco��in thn offico of tho raglstor of doods
<br /> - o}each caunty In whlch tho trust property, or�omo part thoraof,Is situntod.Tho succossor trustou,withaut convoynnco of tho proporty,shnll ,
<br /> - succeed to olI tho power,dutfoa,authority ond titlo of tho Trustoe nomod in tho doed of trust nnd of ony succoasor trustoo.
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<br /> - BANKEf19SYSTEM9.1NC..6T.ClOUD,MN 66301 11�ApD-397•2J111 FORM OCPMT6NE 0/19A1
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