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<br /> � '�`'� 1. 1'�y�n�rt+w. Hncr�w�► �{�rMO to m�ko�SI p�ymenta an ths ssturrd a'obt when d�w. UnN�s (iorraveK xxf l.��d�r +�ilfew athauwWw, rnV — _
<br /> `__ -_--: �.�.:.�;S.l.;,^�i t'�:.:Y_3 frt*Fi!��,'fGY.m_ Ar fx Fi�#IUwer'e lfe�H4 wiN bd�d (kY2 lo ntly M11qMtit�80r14WV oww w+tf�a r�curwl,S�bt _
<br /> �xciu�fw of kttu��t a prir►c'JP+�,s�ortd w fnprset,a�d tM.�n to pri�tsip+d.If partlQ p�p�Y�M oT du s�cut�d ANK occwr ia atY t�Miri�,{i:r�ti �
<br /> - not raduc�a sxcuu�ny�ctw�duiod PrinfM�!E uat�the wcurrd d�bt N Wb ki tuM.
<br /> ---- �.._
<br /> �� �.r� , qy �rtw+ts,�nd otl�dwpM�ttrlbul�b�to tl�pNKtV��due�ed vwll dsl«+d titM
<br /> _ 2.CWwN/►MBnt Y�MI.a1P��► �M1� '� .� , tM Ihn nf tM�dMd af trwt.Unda r++�Y nquk�8omow�to+��fM��Y ri�l�t�,cl�s nr
<br /> = to tM{xotmtY�aMut My e1�1kr��wMt�('e w�
<br /> - -- Ccf�n°���:1�!:'� .... owr!nr�tM,vM w�n�e WrtIM who tuRp�Y t�ba a m�teri�U tn fm�xov�o�mslntdn tho(o►op�rtY•
<br /> -? 3.kwr�nen. eorrnrwr wtN kap th�ixop�ty k+MU��x►�r twms�cc�t�hi�to lrnd+e�t&xraw�x'��xp�ns��nd tor t�r+rM�r's WrwtM.fu1 `-
<br /> Inaw�P��+hW kw��rUndard mat N+Kwi in twa�ct L�+�.L�ndn�wiiN b�n+m�d u iow WYM►a u tA�hfwnd on M�y�ud+
<br /> _---- =_-? In:u::nea�!lcy./!ny InRUUnee prcafeRS�mrY��inu,�mve,iprM�o m�Gd�hr��°N'�^'��rk-'^�°�w��dard�P��►MtY — --
<br /> w to tM il�cund drM.lf UndM���rat mtxtp�p�
<br /> ��:�� 4.pra�rty.Bortow�e will kwp the prop�rtY in Guod condtUon�nd m�k�dl�Mak�rsuonib+y Mcau�y.
<br /> —_,a,
<br /> �➢ 6,�xp�e�.Borrow�r�N�to psY�il L�ndw'o�xp�nY��.Includinp nsROnabN�ttorn�y�' tea,IP B�xrovnr bru�ks�nY cova�ante in this
<br /> - - -- ,:y� oP tr�:t cr{�artiy cs '�:asLlan natuted b�thl�deeA of tniRt.Borcaw�wiH pay th����mountt to L�rW�r s�provid�d In Covonk►t 9 of tM�C�d af _
<br /> :::.�-�=--.�- ttust.
<br /> .�.��.��ar�er_w
<br /> ��a p,p�{p�geaHity h�bn�?i.UnNn HorrowM fk�t obtNn�LenM+r's vrritten cons�nt,Bor�owM wiU not m�k�a psrmit u+y charqn to amr �
<br /> "°'���'��� wcurity intoet�s. Borrower wiN {»riwm afl of Borrowa's oblipation�under �ny prbr mortp�W, dMd�1 ttUit 67 OtMf NCUf�ty/Q�M�111N1t.
<br /> —�=�'°e�:1"�:s7 fnctudiny&xrowK'�covemnt�ta m�k�payrtwnts wMn dw•
<br />_.=--'�x�'�;''a�l Untew&xtow�r ud LerxlK h�w pned
<br /> y,q o(R��nd Pro1lq,Borrnw�r asdOns tu Lend�r ths nntR snd protits of ths pro�rcY•
<br /> ��� ot •in wrkkq,Borrow�r may eolNct�nd nt1�n ttw rsnu�s lonp a�BorrowM is not in dehuFt.1}QatrowK d�taultx, Lsndu.Lsncf�e's
<br /> ��� asent,a�court appolntsd r�ceivsr m�y tak�post�a�bn�nd m��{N the prop�rty�nd coiNct tM r�ntr. Any r�m L�rdar c����
<br /> -`��f� eppllsd ihst to ths cott�01 m� tM propwty, inchxl court coet�and�ttorn�ri' feN, commitsbro to nntN•p��rts.�nd�n1►oth�r
<br /> =.��:: nau��ary retst�d ezpensa�.�i»►nemi¢�k�p�i;�wu��i o!r:��i:�!ttt�rf a�SFlY tfl R=7�'nts an t!x�R�cur�d d�ht as proWd�d in Cowr+ant 1. � -
<br /> _�'�`'}`-rsel�:' J S.L���i�M%p������'8otrow�rrprse�to eomgy wnn t►,.aow�io��of any laas�ff tN�de�i of mut f�on
<br /> ��� e I���ehotd.tf this d�sd of Vu�t (s on s unit In�condom(n�um ar�pi�n�ed untt �velopm�nt, Horrow�r wiN pw7orm dl of Borrowu'�dutNi
<br />_';!��I.11����_;._�._� under ths cownsnt�,byIswa,o�reguletiona o}tl�s con�aminlum or planned un(t davebpme�t.
<br /> ._..... _. .. �����o..M.�.��. o„Rn�r.r. ii borrowe� fdita W ybrfar�,ti a�ty o�Ca-r�r-rcr'a d��:;a ur.dyr thie��of m�■t. L�ndM tnaY = --
<br /> ^ :..F`.V'� - �� i�YYnni�j �r . • - a���M N NN����N IW�NM��W ���fiV __
<br /> perform ihe dutlA�or cauas the:n to be pnrformed.LEMli'Tlly 61�11 Co(POwe�e�io�7�o c,°�;ar.Y-�
<br /> ��'�-;%:4c•-+,� coniuuction on ttroprope►ty ia dlscontinued or not carrkd on in e roa�onsbio manrwr,Len�er msy da whatseer i�necacsuy to prmtect Laxier'�o
<br /> -`�`;`*��+��x securityr intare�t in ttu prop�rty.Thi�m�y include compNt(np ths construction. ..
<br />..: �s.'��+�v.�_ �4 Lender'4 faikire to per(o�m w�il not prscluds►.ender from axerciafny my of iu other tipht�under the I�w or thif deed oi Vust. _
<br /> _.r...� Any�mounts p�id 6y L�nder to prote�t Lertder's seauriry(nteroet wiii be secured by thit dee�of truat.Sueh amount�wAI be dua on demand �;s_...
<br /> ��� - ,j;. e:xi will Issv Interett from tha dste ot ihe RaYm�nt umil psid fn fu�et tf»interest rete In effett on tM secured debt. ____-__
<br /> . . fi
<br /> ., 1p, p�t�ult�nA AceNKadon.If BoROwer faila to make eny p�yment whe�dua ar brealu any covemnU und�r tMs da�d of uust or any
<br /> ohtiaation sscursd 6Y this deed af trust or any prior mortpage or deed of vust,LAnder may eccelerets ths m�turity o/ths escured debt�nd
<br />:;���:.^�.. • ;+�'•�-. - Mm�rW tmmadiate p�ym�nt�na miV inwice me power oi a.ie:�.u':at�.:M ioii37+�w 'j�.�"22:225��!y•rr.�nlir�hie lew. .
<br /> �.+-,. . . .;� 11.R�quHt tar Notk�of Dahutt.It is herebY rnquested thet copies o}the notice�of def�ult end�ele be aent to eacb peraon who is�pavtY �;:__
<br /> hereto,et the eddren of eoch�uch peraon, ae set tortSi herein. __
<br /> ."� 12.PowK of S�ie.lf the Lendar invoke�the power of�ete,the Truatee shNl first record in the offica of th�repister of daeds of sach county
<br /> ,r w h u e l n t h e t r u�t p r u p e r t y o r aoms part or parcel ahereot ie sftusted e notice ot defeult cant�inin.9 the Intorm�tbn required by law.The'frns2es
<br /> shail els�mail copie�of the notice of default to the Borrower,to each per6on who is e party h ento,e n d to o t h e r p e n o n�a�p r s s tt i b e e 9 b y
<br /> `=+. ' epplic�blr law.Not leas th�n one month etter the 1'ru�tee recards the nntiae ot defauit, or two montha tt th� uutt property ia no�spn�y
<br /> Incorponted city or villape and la uaed In farminy operatbro curled on by the uustor,tM Truatee sha[I pive publia noUce of sds to ths
<br /> �f and(n the mann�r DrescrfbW bV�sppp i ic�b ts liw.T r u s t e e,w i t h o u t d a m�n d o n B o r r o w er,shail sell the Droperty et publlc eucdan to the hiflhest
<br /> ^.�b�• Dtddsr.ff rpuked by tha Farm Homeatead Protection Act,T�ustee shell offer the property in two eeparete sele�es required by�ppficabb I�w.
<br /> �" � Truatee may postporw este of el!or cny percel of the property by public enrrouncoment et the time end place of any prevbusly schedubd�ale. �
<br /> Lender a fu d�s►p+�e�m�y purcha�tM proputy st anY��b• �y
<br /> • w The recitleio containe�in
<br /> Upon recelpt ot payment of the prica tiid,Truetee ehall deliver to the purchaser Trusteo'e dood convoyj�g the property. ��.
<br /> .; � Trustee'e tleod sheli 6e pdma fecfo evidionce of the truth of the stetements contained therein.Tr�stee ahall opply tho proceeda ot the eale in tho ��.,_
<br /> reinstate ent tees,'Ib1 to�ell sumsssecured bvtnis�deed ofitrustuend(cllthetbalance,eif any,bto he persone legelly entltled to�ecefve it.feea nnd ��,'-:
<br /> �,. � ; , �4.+:
<br /> 13.Forlelosurs.At Lender's optlon,thia daed ot truet mey be forectosed in tho manner provide by epplicable luw to►foroclasure of mortgapc�a tr
<br /> ��� . ., ,. on real propertyr. `�-
<br /> '" •�• .
<br /> ' �� 14.(nip�etlore•Lander mey enter the property to inapect it if Lender pives Borrower natiCe beforahand.The notice must state�the roasonable
<br /> , �• :� cauae for Lender's Inspection.
<br /> • � , ,;,g„" 1C,Coe�d�rt��tlon.Borrower esslgns to Londer the proceeds of uny award or ctaim for damepes connncted with e condemnation or other taking
<br /> ,�.� of ell or any part o4 ihe properry.5uch procaodo wtll bo opplied ae provided in Covenant 1. 7his assignment Is subjoct to tho terms of eny prior
<br /> , y sewrity egreemerrt.
<br />� „ �� i8.W�tvYr. By exercising any remedy evaflable to Londo►,Londer does not give up eny righte to late�use any othor remedy.BV nut exercising � '�:
<br /> , any remedy upon Borrower's defauit,Lender does not wafve any rfqhi to later consider tho event e dofauit it it happens agefn. ;
<br /> r 17,Jdnt �nd S�wnl U�b�lty: Castyn�n: Suctesswe �nd Asslpni Bound. All dutioe under this doed of trust are ►oint and several. Any ' '
<br /> @orrower who co•aipns thls doad of trust birt does not co•sian the underlying debt InsVUmontls) daes so oniy to gram nnd convoy that
<br /> Borrower'e interast in the proporly to the Trustoe under tho torms of this dood of trust.In addition,6uch e Borrower agrees Zhat the Lender nnd �:'' .
<br /> any other Borra�ver undar thia daud of truet may extend,modifv or make any othor chengea in the terms ot this doad of trust or the securad
<br /> _ . debt without that Borrawor'e co�ao�rt ond without releasinfl that�lorrowor(rom tho torms of this deed ot trust. ,
<br /> �i.:. � Tho duties end bonofite oi thio doetl of trust ahall bind end benefit the sucoa�sore end assigns of Londar nnd Borrower.
<br /> , .�., ,.
<br /> 18.Notic�.Unleaa otherwise raqulred by law,any notica to Borrowe►shall bo 9iven by depvering it or by mailing(t by conified mafl eddresaed to
<br /> Borrower et the property addrass ot any other oddress thnt @orcower has given to Lendor. Borrower wlll give any nodce to Lender by cerflfied
<br /> - mail to Londer's address on paqe 1 of thls daed of tr�at,nr to any othor eddrese whlcP�Lender has designated.Any other notice to Lender shall
<br /> � be sent to Lender'e eddrees es stated on page 1 of thla deed of truat.
<br /> , � . ,i�= Any notice shall�e deemed to have been�iven to Borrower or Lender when piven in the manner stnted above. ��
<br /> 's
<br /> " � 19.Trcnst�r o4 4ho Propwty or o B�flcial int�r��t In ths Borcower.If oll or any port of the propertV or any Intorost in it Is sold or transforred , •
<br /> � ;.,;:.; ,: without Landor's prlor r,J�S;n con:ont, Londer may domend Immodiote payment of tho socurad dobt. Londer may eiso damand immediato I
<br /> � � � dvmandtpayment�/n theQebove situationi If ip le p ohibted by foderal law os of tho dato of thQa doadiot tf ustansfarred. Fiowovar, Londor may not
<br /> •� , ; ,
<br /> I.
<br /> •.,,.� •
<br /> _--_:,,__,__,-_-'_--__ 20.R�convoY��•When the obligetiun cocurod by thls doad oi trust hes boun pald.and Londor has no furthor obli�ution to mako advancoe �
<br /> ---------: _--- .. ... .__. _._..-- °- '---.---._�� .....,......:a... ..,�,e�r►,�rho�ondar_raconvov tho vust f
<br /> � undor tno inanumenta or e8�eemerrts socuroa oy ana uaw v� ...,o.. .�� ••��•w�•••..,-.--�..-..•.-•• •-�---• - I
<br /> property.Th0 lmndor shall dolivor to tho 8orrower,or to Borrawor's cuccos�or in intorest, tho Vust dood ond t6o noto or oihnr ovidonca of tho ;
<br /> obhgetiort so ap2in4iod.Borrower shall pay ony r�cordation costs.
<br /> 21. Succosta Tnittt�. Lundor, ot Londor'a optlon, mey romovo Truatee snd upDolnt o eucoossor trustoo by first, mailing a copy of tha
<br /> ' of eatchtaounty inswhlch tha tru t pyopo Irty�or�somoa d�thhoreof,fis�sih�iated bTh�6 ci.assorstru3t o,rwit aut onvey�nco}of tho proportyashnll ,
<br /> � succeod to ull tho power,duties,aut�orfty and tkl�ot tho Trusta�nameJ in tha deed of trust end ot anY cucco�sor t�usteo.
<br /> tti:.,' .
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<br /> -� � OANREi1S 6V6TEM5,INC.,ST.CLOUD.MN 00301 tl-800-097Q3611 FORM OCP-MT(FNE B118A1 '
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