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<br /> c�i� i�� c uac:l �cf•,t r:�;�:Y c'�:�. I�ni�.^.� ['�zra:r.•c� c.;;9 1. r t:.;r� a.;. •;:..•�..
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<br /> � p!i'j:I::..liJ A.Cf:::7 YC(f:SL'C9 S!L':��� l:::ITuC:�.l C7 '::Y CII7fU::::1'U f;'::.1i�: l:Zl (;: c;'.::�::� 4�tc2 S� cr,�r:.::us;:•��:::iip�:.:d G'.'.:. �1('.il(i::l C�'.'.,•�...-;� ',•. �
<br /> - -_'�"�'^�' cxc9!�5•re of In�ar+�wt��rinek�rl,F�cund ta Initroat,�nd then to princfp�l.If pu�lel prep�Ym#nt of trw��aured Mbt occurr tu•r r�:y��eutc:r.,1i wiii �--°--
<br /> .. -- ^�-�:+:-�;o,� not��duc�or�xcuN stW woht�i p�y��r+t ut�tN ttdl rqcwatl6ibt IR pnkl In full, °-�-
<br /> _"'!`"��"�"�r�� 2.Cf�Ag�Mw�t� llorrowa will ysy�ll asw�tm�ntr.�nd othrr cfi�rp���tulbut�4M to tMps op�rty whan dus+�rW witi d�7w+d t71�
<br /> -----s n��"�+,(y�,� to t1» prop+ny s�y�k�et MW ctd�n•wtdch w impair th�ikn o}th!s d�d ot tru�t.i,��m�y rpuk�Barow�r to�oaiqn�ny riphM,H�Mr+�us
<br /> - --.�� d�}�ns��whlch�orroww m�y FMw.aq�krt prtlM who aupply Itbor a m�trtl�lo to im�xaw a m�lnt�in tfs�proporiY.
<br /> �,�,,:fi`yr,�_;,�;� a.Inetxrrc�.Bo_row�r w{II k�sp the propsrty lruiund undrr t�rm� acuptahir ta I.�ndn at&xravwr'a �xp�na �nd fa L�M�r's 6�rwHt AN
<br /> _ — . !r._t[ra-���s G�.IN,�.,eh"�Iflf`}!H}Y A�t!'MYfS fYFrtlfn•^!!M•tt•!f H1 4nvn o!Lertt�.len�et wRl be na�mscl�e lau payw o�u ttw irt�cr�d on Mm►�uch
<br /> �" '��� Iruunna polky.Any Inwr�rtc�proc�sds mav�spp�,withk►L�rxNr'o dicu�tSOn.to�ithw tM r��ror�don a npNr oi rt»d�rn�pw propKiY -
<br /> .- -�:. a to tM racund d�bl.M L�xk�nquk��mortgp�kuuranes,BorrowK�1rsw to m�kn�in weh{nrixmce for u k�np�s l�roquki�. --
<br /> "�"'�"`-''y� 4.PropKty.8orrower will keep tM{xop�ny In pood conditbn�nd malw�II rapak�ro�t�smblv nece:�Wy. _—
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<br /> -- =- 6.Frcp�N.Borrowe�apro��to p�y dl Lendu'�sxp�nsu Includinp nr�onobN�ttom�ri'tat.tl Borrnwer brak�usy cav�nmta k+thls dMC!
<br /> °°=����..a�'.�`' of truet a In my oWlflatlon tecurod by thlt dwd oi hutt.�orroww wfN pay tfi�ro�maunt�to L�nd�r o pravid�d(n Cownant 8 of tids dNM of
<br /> z.s�_,.�....... .�. trutt.
<br /> Y�"����r' 6.Rriw 8��ty k�ti:wto. UNaoc l3orrow�r fkat ottalna I.andsr'o virr{ttan can:�ni, Borrovrer wtll not ms�.g or petmlt any chenges to any prbr _
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<br /> ��;_� • f qcurity Int�n�to.Botrow�r will psrtam�H of Borrow�r's obiiyaiHon�undl�r �ny prbr rtwrt��g�, da�d uf truoi or otMr s�curityr apn�mMt,
<br /> '��+:<<:.c�- � � Inciudirq Borrower9 covon�nts to msk�p►�ym�nU when dw.
<br /> �•�:�u'-�t`'�'}����f.�', 7,M��of R�rris�nd Protfa. Borrower a�elpns to Lendsr ths ronts snd�xofit�of the prapnrty.Unb�s Bothnw�r snd l�nJ�r h�w�p»d
<br />�'"='.. �� L L�nd�r'�
<br /> -�1„t":,,�� othrw�f�i�writinp, Borrow�► mty coflect�nd retNn th�tente a larp �s Borrowu Is not In d�fautt. If�rowa dsf�uko, e+�d�r,
<br /> =:�`��, - . �.+�.,' �qent, or� court�ppolntod roc�(wr m�Y tak�posaerbn�nd m�nag�tFw prop�rty and colbct tM rmt�. Any r�nt� Le�r collects �hW b�
<br /> --- �. +��. �' �pplNd first to the coai� o}m�napfnp ths prap�rty, inc0.�dln� eouri coet� �nd�ttorn�1a' feor, commissbns fo rsntrlq�m�, and�ny oMir
<br /> �.`�1�'R ��. irsassey relot�d�xp�na�.Th�nmainirty�mount of ronw wfll tMn appty to paym�nti nn the cscwad debi�s providW(n Cownu�t t.
<br /> i'f};Z`"�:. S.L�•Ca�dwdniumr,PlurMd Unit D�vMopnwntt.BoROwer e rees ta comply witt►tha provi�bns of ony{eaa if thi�dNd of t►ust b or
<br /> �� ';'�v : s le�st�hoid.Il thi�desd of U�ast ie on e unit In e candominlurn or s p�tnned uNt dovetopmerrt,BO►fOWOf Wi11 pOFi07iil 6A vi G;rr:.::w c duil,:= �
<br /> � ;;,,� � � under the covenann,bylaws,or re�uleUana af tho corxfom(nlum ur pl�nnad untt dovotopment.
<br /> ... ......._:..,� �_ 9.Authority ot L�r to P�rtorm 4a Barrowor.It Borrower faile to��rfo�m eny of Borrower'e dutles unQsr thia dsed�f uuat, l.endar may
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<br /> _.__;--_--_�! uerform ths dutien or ceuse them to be porformed. Lender ma/elp�tl0►fOWH�'B O81TI0 Of�luy uUy uulutiill li i�aw��ay fa�Nar�arm.-,��uo. It�rty __
<br />._.._--..—_,.__.__'_ __ _���__r� �+�aN I��rA •
<br />.:... . . �� . comuuction on tM prope►ty la tlieconnnued or not c�rneu on m a raasonaote m�nner,�orwor may uu w�aa�n�a��o.��...o�.�, ...;....-__...,....�a --
<br /> � � secur6ty Intenrt in tfie propsrty.Thie may:nctude�om�AsUrq the conaVUCtion.
<br /> • '� Lender's taiiure to perform will not prectude Lendar from exereisinp any of Ita other rlphte under the law or thia dued of trust.
<br /> �� ��'��' AnV smaunto paid by Lender to prowct Lendor's sacurity interea will be sacured by thia docd ot truet. Such�mounte wlJl be dua un demand -
<br /> „ ..:.� end wfil bsar intereit from the d�te of the peyment untll pald In tull et tho intere�t rate In eNect on the secured dobt.
<br /> � R 10.D�iwtt md Acc�{�ratlon. If 8orrower fafia to msko any pavrt:ant when due or breake any covononts under thi�dead nf tru�t ot�ny
<br /> , � _�;,�� obllpation secured by th{a deed o}truat or eny prior mortpape or daed oi ttuat,Lender may eccelerate the mrturity o}tfie tecuted debt and
<br /> •� demee�d Immediate paymnrrt end m�y Invol:e ths power of sale and a�y other remediea permitted by epplicabie Iaw.
<br /> • ' 71.R�nust for NoUc�of D�feult It is hareby.equeated thar coples of the noUcas o4 default end sela 6e sent to each peraon wtro is e party
<br /> '•• 1 heroto,bt t1u eddross of each such person,aa set torth heroln.
<br /> •� I 12.Pow�► o!S�I�.Ii tho Lendar Invokos the power of sele,tHe Trusteo ehall iirat record tn the office of the repister of daedi of eich aowity
<br /> whereln the trust property or some pert or percel theranf ia situated a notice of dofauit containfreg the Intormation requ�rod by lew. The Truatee
<br /> shall alsn meil coplen of the not(ce oi default to the Borrower,to eech person who Is e party heretu, end to other peroone np�s�crib�d by
<br /> applicable law. Not lese than one month after the Trustee records the notice of detault, or two months if the trust property Fs not tn�ny
<br /> incarpor�ted city or villaflo end le used In farminp operationa carried on by the Vustor,the T�•ustee shell give public notice of oele to the perROns
<br /> and in the menner prescribed bY apppllcabte Inw.7rustee,without domand on Borrowar.Rhetl sell the property et pubiio auation to the hiQMst
<br /> , bidder.If required by the Farm o-lomestead Protaction Act,Truatae ahall offer the property in two sepernte eales aa reputred by applicabis lew.
<br /> • Trustee may postpone eale of all or eny parcei of the property by publia ennouncement et tha ttme end pleQe ot any previoufiy�cheduled e�te. ��r
<br /> n , Lender or Ite AeaiQnea mey purchase the praperty et eny ssle.
<br /> Upon receipt of peYment of the price bid,Truatee ehali deltver to tho purcheser Trustea's deed convsylng the property.The recltlels con'toinod in �.
<br /> Trustee'6�leed shell be prime facfo evidienae of the truth of the stetemente contafned therein.Trustee shell epply the proceeda of tfie eale In tfie ��,
<br /> �� fo�lowing order: la) to all oxpe�soe ot the sale, includinp, but not Iimited to, reesonable Truetee's feos, reasonable attorney'e feee end .,�,._,:
<br /> � relnatatement feos;(b1 to all auma secured by thla deod of trust,ond (c)the bplance,if any,to tho persona legally entiUed to reoetve it. j ,=
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<br />' � � 78.Fasclo�ur�.At Lender's option,thia deed of truat mey be forecloaed in the manner provide by appticable law for foreclosuro of mortgapoa =
<br />' on real propartyr. -�`'
<br /> - � 14.Ins�atlon. Londer may ontor tho propertY to Inspect it If Londer pivos Borrowor notico beforehend.Tho notice muot stete tho reasonable
<br /> ' cause for Lender'e Inspeation. � '�'-;
<br /> 96.Cot►d6rntNtion,Borrowor asalgns to Lander the roceeds of eny award or clalm for damagos connected wfth a condemnetion or othe►teking
<br /> of ali or any parc of the propr�rty.Such proceeda wiP be applied ea provided in Covenant 1.7hla essignment ie subJect to the torms of ony prior
<br /> � securtty egraement.
<br /> '� 16.W�Iv�r.By exercfsing any romedY avallablo to Lender,Lander dooe not givo up eny rtghts to Inter uso anY other remody.By not exercising �
<br /> ,;'.,'„', any romedy upon Borrower's dofault,Londer doea not wa(vo any rlght to later consider tho event n default i(k happens agaln.
<br /> ,�':��� � 77.Jd�t and S�v�ral LlaWifty; Co-siyn�n; Successort end Aulpn�Bound. AII duties under thia deed of trust are �oint and several.Any
<br /> • Borrower who co-signs this dood of tru�t but does not co•oign the underlyino dobt Insbumontls) does so only to prant end convey that
<br /> Borrower's interost in the property to the"frus4eo under the terma of thie deed of trust.In addition,such a I3orro�ver agroos thut tt�o Lender end
<br /> ' any other 8arrower under this daad of truat may extond, modfiv or meko any othor changes fn tho torms of this dued of truct os the cecured
<br /> . ��,.-.,'„ dobt wilhoutthat Borrowor's consant ond without roloasing that$orrowor from tho torms of this deed of trust.
<br /> ' Tho dutioa nnd boneifts of this deod o}truat shall bind ond benefii the auccoasore and essipns of�ender and Borrower.
<br /> 18.Notics.Un[ose otharvvise required by law,any notice to Borrower shnll be pfvan by delivoring it or by maiiing It by cenified mail addrossad to
<br /> �orrower et the prop nrty eddresa or eny other addreas that Borrower hae gIven to Lendor. Borrowor wlll give eny notice to Lendor by�ortffiod ��
<br /> , mall to Lender's eddrese on page 1 of this deed of trust,or to eny other addr4sa which Lendor has dosignatad.Any othor notico to Landor ahall
<br /> • bo sont to Londor'a t+ddross es statod on pago 1 oi thla doad of uust.
<br /> Any notlse aha11 bo doomod to havo baen given to Barrowar or Londer wheR�ivon In tho mnnnor stotod obove.
<br /> 19.Tnnaf�r of tM PraD�rty or�Ben�ticlat Int�nst In th�BorrowQr.If oll or any part oi the proporty or any Intorost In It Is sold or 4ronsforred i
<br /> without Lender'e prtor wrltterv cunsent, Lendor mey Aemend Immedleto paymont of the secured dobt. Lendor may also domand immedlete �
<br /> payment if tho Borrowor fs not n naturel porson nnd e benoflclal Intoreat fn tho Borrowor Is sold or tmnsfercod. Howevor, l.ondor may not
<br /> ' domand poymont In tho ubovo 9ituotlons If It lo prohibitod by fadaral law os of tho duto eF this dood of trust.
<br /> Z0.R�conv�y�na. When ttio obligation socurod by thla deod of trust has boon pafd, end Londer hns no furtho► obligotion to mnko advancea
<br />_ undor tho instrumonts or agroomonts sucurod by thfe dood of trust,the Trustao shall, upon writton roquo�t bV tho Londor,roconvoy the trust �
<br /> proporty.The Lendor ehall dol(vor to tho Borrower,or ta Borrower's euccessor In intorast, tho trust daod und tho noto or othor evidence ot tho
<br /> - --- ---- - - o�i(ontlon su sotfsfiod.Borrowur shr.11 nav env rncordatinn costs. :__
<br /> ' 7.1. Succ�ator Trusts�. Londor, ut Londor'e option, may removo Trustoo and appoint a auccossor trusteo by first, mafling a copy of tho r
<br /> � • substitution ot trustee as roquirod by opplicobio Inw,and thon,by filing tho substitution of truetoo for rocord in thv oNice of tho rogietar of doods
<br /> - • of each county in whlch tho truat proporty,or somo part thoroot.Is situatod. The succassor truetoo,without convoy8n co ot tho pr erty,shall
<br /> succnod to alI tha powsr,dutioa,authority ond titlo of tho 7ruatoe namod In tho dood of trust and of uny succaesor tru�{tco.,�o ..; '�
<br /> e . 1 Ipege 10/11
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<br />'�� � _ '� OANKEBS 3VS7EMS.INC.,ST.GLOUD,MN 66�01 11�800397Q3Ai1 FORM OCP•t1i0•NE GI19N1
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