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<br /> °��:r.s.SR:�:; Qr14N9�>r�rqity Fu�f�6Y a�Sy c:L+�niT wtwc;l�•ur,��1�5 i���AUIY S�[�J Q6i1 07 tii,q de�j:l Uf tfuF�.l.es;cfrr i�ie���+�:;u:e�z •i�.�.;ru t�*.t.ss'.t�!:;.�i,r��t:t„�f�+tT:�r.i �,;,�,.i.:
<br /> .�!; �.;� d�tas�erK wh1�h Hotrowar m�rr tuiw nq��+u�Wnv�►wha suDPN l�bor or rn�te�lby ta iroprara a►ma(nt�1���ha Zsrr.ptrty.
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<br /> 3.tiicursro„�. Barto:v�s a•i:l kce;�ti����xo;3PlijT Iit.:�Pl7G1 U{11[Y iFT��% Cf.L'Hp11l7I6 t(J d971C11ff ftI f!t?ifOVi!lY�B M%(�+J1VON�r1fl Gx t�ndAr�9 IMM}It.Atl �HN,•_
<br /> ��r.n�vr,�ww�u•a Int1st11nC�ryoi�ckY�sn�ii iir.iuw�rewM.+J���� .��.'...;.•+�l.+:.;;..:G?L"::'-.►_�.;w_�,.:c�i!���-M-�t n•!^•�^••�•�••rr KalFr.inres,�d�n ai�4 wc t
<br /> --_-----=__�°� Mux�ne�policy.Any lr�unnt9 proc�d�.rniY�� wilhfn L.a�r'�discritian,m�ich�r th�»�taetlon or npkE*nt t5w dw�ut�i:•+M�Y
<br /> _ -�=T-���°�;'� ar to th�rtcurid d�ht.H lend�r r�uk��mottpaW���.BwTrpv,n�spr�s to mNnt�h wch Muursneo fa�t brq iw�-��+dK.x�4uk��.
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<br /> �:s:�b��� 4.I�op�ty.Bortqvw�r wi11 keap tha proporty lo{�oWd Condit•.an�nd make�II rsp�k�reraorobiy n�ccair'ty. , —
<br />•-�"T,�;,; � B,Ex�nw�.Borrow6r apro�e to pay afl lendar'�e n��s InciuAit�p rauonabN atEatnsYs'f���,if 8urowsr breolu�any covrnanu fn iMR 4Md
<br /> �;�' � ot tru�t or!n nny ob4�ix�tian sscured 6y thii deed of�uti.l�Or�ower will pAb tho�e amamt�to LerxAr ae�avldsd in 4ovsnmt 9 0}thiy daW uf ,
<br /> -��-;.��:`;==" �� trust.
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<br /> :�.;_�i,�.�R:`s. �_ 0,prfer��p�y k�toeYeri.6lnieu 8arrower ihet obtetn� t6rt:llv'�wriHen canren9,Ba��owae w�I EiLZ fiiwo ct pamli c�y cha;.,;::to c:,��r?^r
<br />-n:.T:,,..;�. t��K_ wc�+riry IntKestt. Baaovnr wiii p�rtorm �il.nf BorrowK'�obNp�Uan� undar �ny prla mortp�p�, d�ad af truit ar other ncixitV MBNrtront,
<br /> .,�aY;�;;h�..Ln° Inctudlny Bo;roanr'�covenant�to m�ko paym�ntR when due. ---.
<br /> � .=��k�*���:�*•. 7,/UWorin�nt of RxnU�i ProtFh.Eiarowt►aulflm�to I.en�4�r ths renU�rsd Grofit�ef the p+opo►ty.UnloAt Borrow:r snd La�dw hxv�tyread --
<br /> '�"�'"'� '`"�ti°'=,1 '� othtltw(io in�vridnfl,Borrower m�y colker.s�nd reU(n the tsntr�s br►p n Barraw�r b rtot In detut6t.If Flosrower dat:ut;e, L�rsder,Ler�'s __
<br /> '�?�',!? �' 4'r� � ' op�nt,or�Court�RPa�nt�t1 reeaiv�r rn� 4�k�pos�estWn rnd��m�p� tM�ropsny rnd catNct ths rent�.B�ny ron4s Le�xl�r colWate ch+dl li+► _
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<br /> _,_�,:ti �ppli�d fint to tM cort�og merwpinp� prup�tty, Inciudlnp cuiurt co�ts�nd attom�ly' fee�, comml��ians to renUl �ots, �nd rny oth�r
<br /> -: . .��. •k' n�c�ua�y niabd exprreHS.Ths rYmaininp amount of reM�wilf thtin app1Y to p�ymsnt�un tM R�curad da►t u p�ovided fn Cawnant 1.
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<br /> � `��� o ICasel�old.1�this deed of trust la on a un(t in�aondominium or s pT�nr�d unit deveiopm�nt,8orrower wul perform sll of Bmrower'� duiias
<br /> - :.�',+rM��r�� t under ttN covenan4s,byItws,ar repulntia�u of th�conc�amiMum or�fann�d nNt development.. "'�'
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<br /> ' ' 8. Qut?�oriiy of Lend�r ro 6��rtarm f�r Bonowrr.tf Barrowe� fefla to�pet(arm iny of[iorro�nu's EuUe�under thie dee�1 of truit, lerr�er may ____
<br /> _,.�,_',.,.�. ..�� perfam iha dutiat or c�uem them to be periormed. 6ertder may aipn Enrrower'e nsmo ar psy nny emount if necnssary tor portarman�. 1?^� s��'-
<br /> ��,,,,�,�,,,�,,;��._:.,�,___� carutrucGor�an tna pro�rr�la disccn.nu'd ar nat etrtt�9 cn In e reeesnn4b mertner,l.ender m�y da whuover Ii�ecbsearyto t►rotoct Lunder's -___
<br /> _ � 66f:Wiiy 6i[ntu9[��t i�w Ni3yw� .TIlI�R!!y It!^41Q�Q^lIi�6T1{}�n t1M C^[19T(l�t:tkfn. _ -- __
<br /> . �cWi.p LendePs Mll�rs to pnrtam wlll r►ot precluds I.ender trom exerclslnp eny ot ite othei rlphts under tha lowr or tFala deed o4 Vus4, ���-��.
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<br /> ° � and wIp bear6(ntodrosi from 2he date�of iM pament untll�p,td In�tull at�tha Irtere�ia i In eflect on 4he ecuurod debi unt�wlll be dua nn dnm�nU __
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<br /> � 10. OrirAt end Acc�l�nt�on. Ii Rarrower inil�to m�ke any payment wfwn due or breake any covenente under tMs dned ot truat or any -
<br /> �., obUgation secured by thl�daed of tnast or any{xior mortgage or daed ot trust, L6nde►may eceeterote the m�turity uf thu Racured doDt ond
<br /> � dert:n-�d Immediets payment and msy invoke the power of eale and a�iy other remedloa pennitted by applicabl�law. `����__-
<br /> � —� � -o�a no��..a�vaw e h ___
<br /> _ - 77.tt�qwti iar isvow oi i'i"nivi.it io io.w{i'..�...':2�!^�2��.:u�:ie-rrs%r_:e'••_ 3•i,...:�a...;.' ::.m�.::ti.°.":_."'�
<br /> � , ; herata,at tha eddteas of each such persan,es set forth hereln. --__
<br /> � ' 12.Pow�r o}S�e.If the Lendor invokea the potiver oi eole,the Ttuatee shall tUst record in the offlco of ttie ropista of deeds o}each county a`�~°
<br /> � whereln the Uuat properry or come part or par�el thareot la uftuatod u notice ot dsfeult contatnlnU tha Intormation ro�ulred by law.Tho Truttee �°_y�
<br /> • �., ereto,and to other persons asp►escrt6td by
<br /> +� shall otso mail coplae cf tho notfca oi de4ault to the Borrowor,to each person who is e party h
<br /> epptic�ble law. Not les�than one manth etter the 7rustee rocurda the notice oY default, or two months Ii the tru�t propercy Is not in any �:
<br /> ° (ncarporated c�ty or viUepe and Is uaed fn tarminy operatfons curled on by tho trustor,the Tnistee sha!I qlve publia notico ol sale to the penona .,;__
<br /> end In the manner prescnhed by�apppltcabin law.Truateo,vuithout dcmand on Qorro�vvr,sha11 se11 the propevtV at puDflc euctian to the hfgAest ��
<br /> � bk)de►. It requked by the Farm Nomestesd Protoction Act,Trusteo shat!ofter the praperty In two seperate aetee es requtred by app4issblo lavd. -
<br /> Tcuatce may po�tpone alo of all or eny parcal of the praperty by Rublic ennouncament at the time end ptece ot nny�revloasty schedaled sate. �
<br /> � � �� � I.�,nder m tts daslgnea m�y purcfiaae the property et eny enle.
<br /> . Y�:"_�<_.
<br /> � � � Upon rocelp4 of payment of tho prlca bld,Trustoe shall detivor to tho purchnsor Truatoo'�dead conveyinp tho proporty.The reclUals contairted In �;�•
<br /> � � TrusteB's deed shell be prlma(acle cvidlenco of tho truth of tho atatemonte contelnod thoroin.Trustoa shaff oppty tha proceeds of thd sete in the - -
<br /> � Foflowtng order: (n) to alt oxpansoa of tho salo, Includtnp, 6ut not limttod to, roasonab{a Trustee's foes, reasonable eMOrney's teea and •�:-
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<br /> rulnstetement feos;lb)to ell sums socurad by thla dood of uuat,end(c)tho batance,ff any,to the persons 6opalty enntlod to racolve it. .
<br /> 13.For�tloaur�.At Lon�er's opttcn,thls deed of nust mey bo torectosed In the manner provlde by eppllcabla law for foreclosure o4 mortguges
<br /> ' on roal proparty. �
<br /> � � • 14.fnrp�ctlon. Londor may onter tha propoKy to Inspoct It if Londnr plvas 8orrower notico boforehand.Tho notico mu�t stato tho roosonablo �
<br /> ' - cause for Londor's Inspectlon.
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<br /> � 16.Cond�mntt]ldn.Botrowor osstg�ns to Lendor the procesds ot any ownrd or clafm tor dama9 es cannucted wiih e condemnation or othor taking ' �
<br /> � of ell or any pnr3 of tho proporty.Such prqcnoda will bo appliod oa provldad in Covennnt t.Thts asslgnment is cubjoct to the torms o}any prlor
<br /> soCUdty aproement. ,
<br /> !�;�''' 1�5.Y�eive. By exarclsing any remedy nvallablo to Londer,Lendor doos not pivo up eny rlflP�ts to lator usd onV othnr rarnudy. By not oxerclsfng •
<br />��';' � . eny remedy upon Bo:rowor's deteult,l.ondor doos nat waiva any right to later consldor tha ovont o dofault if R happans agaln. .
<br /> 17.JdM and Ssv�ral LlnbtNty• Co•s[pnere; Succesaon end Ant�na Bound.All dutloa undor thla dood of vust nre jolnt nnd sovaral. Any �
<br /> ,,.s,. Bor�owor vvho co•slpns this daad of trust but does not co•slfln tho undoriyfn(s dobt Insuumentlel sloos so only to grant ond convoy th�t
<br /> � � Sorrowor'a intorost In tha proparty to tho Truatoo under tho turms of thls daod of trust.In addltlan,such a 8orrowor ugroos that tho Londer end ��
<br /> � .``�•� eny othor Borrower undor thls doad ot auat mey oxtond,modl�ar mako any other chan8as In tho torms of t�ls doad of trust or tho socurod
<br /> � debt v,rithouY thot Borrowar'o eoncont and without r�leacing that ortowar hom the torms o!thla daod of trust.
<br /> :r,�� TNa duUos end benotlta of this dood of truat chnll bind an�66nofit tho succossora and asslflna of Londor ortd Bonowor.
<br /> ' ���� 18�Notiee.Unloss othorwise requlred by law,eny notice to Bonowor shull ho glvon 6y dolivaring it or by mnlling it by cottlfiod mall eddrossud to
<br /> ' ' Borrowor tf4 Yh�propotry nddroas or any othar addroas that Borrowor nae givon ta Londor. Borrowor will glve ony notfce to Londor by cortiflod
<br /> meil to Landor's addross on paQo 1 of thls doad of t�ust,or ta uny othar odSrese whlch Lendar has dostgnntod.A�y othor notico to londar shall
<br />- • .. bo snnt to Londor's cddrosa ae statad on pago 1 of thls doed of trust.
<br />-.�,�'�: /+�P�y notico tshall bo docmod to hnvo b�on glvon to Borcower or Lendor whon plvon in tho mnnner r�tutod obove. t;
<br /> ���;: 99.Trsn�fer of the Properiy ar e Fi�noflctal tntupt In the Oorrowma IY nll or any pert o}tho proporty or any intorost In it la sald or transtorrad ��, „
<br /> v�ithout Londer'e prinr writtnn aonsont, Londar may domand Immodtoto 6raymont ot thu socurod de6t. Londor moy ofso domund Immadlato
<br />- ,, paymant if tho Bortowor i�not o natural person a�d n bonoNclal (�taras2 in tho Borcowor Is sold or Sransfarcod. Howuvor, Lendor may not
<br /> , domurtd poymont in tha obovo situatlons i4 R Is prohib(tod by fodorol Inv�ns of tho dato of thla doad of trust.
<br />- 20.Reconveyancs.Whcn tho oblipoYlon cocurod by thls dood of truat has t�ocn puld, und Londor hao no furthor obligatlon to maka ndvoncas i
<br /> " ' under tho instrumonts or aproomontc snaurod by thie dood oi trust,tho Truatoo shall,upon wr9tton toquoat by tho Londcr, roconvay tho trust
<br /> ____��_ __ _ pro�erty.Tha Lun�c,ehall dolivar to tho Borrowor,or io Dorvowor's suceossor In Irrtorost,tho trust dood nnd tha nato or othor uvidonco of tfio
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<br /> . 29.6uecoaeor Trustas.Londor, at Lendnr'o optton, may romovo Trustao nnd uppolnt a succossor trus?oo by tirst, mnilfng e copy of tho �
<br /> substitutfon of Vustoo oe raqulred by epplicnbto low,and thon,by filing tho substitution ot Vustao for rocord In tho offi�o ot tho roplstar of dnads
<br /> � ot oach county In whlch tho trust proporty,or somo pnrt theroof, Is situatod.Tho succosso7 trustoo,without convoyanca of tho property,shall �
<br /> � euccond to all tho powar,dutl�s,auihority�und titlo of tha Trustno named in tho dond o4 trust ond of any succossor trustoo,
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<br />_� . OANxERS SY6TEM9.INC��ST.CIOUD.MN 60301 11-000�997•23N 1 FORh10CP•hITCrNE 01101�Jt
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