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<br /> _ ' ' COVENANTB �-�;::
<br /> • 1,payment�. 8otrowor aprees td m�ke aii paymente on the eocured debt whnn duo.Unloss Borrowor end Lender agrno otherwlee,any
<br /> pay�+ents lendut recefvas trom Borrowor or ror Borrower's benefit wlil be epplled ilret to any amount� 8orrower owes an the sacued dobt
<br /> � exaiusivs ot inter�rt m princip�l,Gecond to Mtcrest ee�d ttron to prinatpel.It purtiel prepaymont of tha eaaurad dobt occuro fot ony ronaon, ft will
<br /> noi reduce or excut�enY��u��P�Y���t until tAe teaurod debt ia paid fn futi.
<br /> Z,Ci�Mns Ap�nst TkN. Bo�rcwer wIM O�V�N tau�s,oaua�meMS.snd other oheraes ettributaD�e to ths propaty when due end wlti defCnd titte ��
<br /> ' ditimia whl���oriowir mi��h�vi,pafnit pa tie4pvfio uPPty�ab�Oi od materis�li to Imyrovs oi�molntilnBhi propeny sdgn eny right�.eiaime or
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<br /> � "' ' 9,qnur�ne�. 8orrowu wtit knp tM propertY insursd und�r terms sceepUbt�to L.�nder�t 8otrowar'a expenss and for LenO�r'�b�n�iit.All ;,.•:.
<br /> • � insurnnce polictes thall Inetud��standard morta�Qe al�ua�in tavor of Lend�r.Lendmr wlp be��med os loss p�yee or sa the inoured on my wch
<br /> �nwcarros pollay,Any Insurana ptoc�sds moY 6s�pfied,wtthio l.�ndcr'c dWcrotlon,to oithCt tho rastoration ot topait of thn demeped p►operty
<br /> , ; ',,,�f�., ar to tM securod d�bt,if Lander raqulres mortp�p�Pnsurane�,eortower�pnes to mtlMain sueh imaanae tor ns tonp n I.ender�equiret. : ...
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<br /> 4.P�a�rty.Bot�owsr wIU kaep the proFcrty in pnod candftion end maks all tepaln►n�on�bfy neceiwry►.
<br /> '���' d,Hxpmsn.8orroW�r apreos to pa�r sD Lendar's e nse� Includinp te�sonabb attorne�n'fea.if 8o►rower bre�ks any eovenanri t1�this d�ed ,.
<br /> �r� ot dust or in any ob11q�Uan a�eured by thls deed o}�.�ow�r vrill pay the�s amou r�u to Lenda a�provldod In Covanmt 9 at mU deed of
<br /> �� uust. ...
<br /> 8,prior �J�y l�mr�stt. Unteea Bonower Nrot obtains Lender'�writtsn coru�ent.Borrowei witl not make or pnrmR any ehanpo�to eny pior �
<br /> � stcvrity[n�res�t�Borrowe►w10 Perte►m d�ef Borr°wet��obllpetfone under any prlor mortp�ps,daed of truat m other oecurity apreement, _',L
<br />%;�r4 , y inatudinp Bor►owers c�venarm to mak�paymeMS when du�. - -
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<br /> •i:.,:^ , �,�o}R��!proffls.8 onower aaa ipta to L e n u e t t h e�e n t s a n d p r o f i ri o f t h s p t o p e rt v.U n l e s�8 o no w er and Lender hava a p r sed .Y ry
<br />:;�.. . '"!'� pthe�w ss in writinp.Battower may eotbot�nd reta[n the teen�+� o�n Battower!a not In de fauit.If Borrowst detsults,Le�der,Lender'�
<br /> � apenL or a eourt�ppotMad rocslvar msq take poueulan and m�naBa ths propsrty�nd cotuat the �ento.Any r�nri Lsnder eotleau sh�4 be �_�.
<br /> applied A�it to the costt of manapitq the proPartY. ��udin�1 court eoatt and�ttornsy�'teee. eommisatons to rentst e9e�nt�, and a�y other �;
<br /> ��� :�%:4iy:• � �aeesNry�etated sxpruea.The�emainirg amou�t of rents wtil then apply to paymsene on Ms secumd debY a provided in Covenent 1. ____
<br /> �.?`�•',;,:��',+:,;'� 8,Lea�oldst Corniomintums;Plam�d Untt O�vMoprMe�.Borrower agrees to comply wftb the provlsions of any tease If thla deed of trust b on _-
<br /> .;���,�:, a leasehoid.li thi�deed a9 wit is on a ursk M a candomintum or e plarmed uNt developmsn� 8ortowar wllt peAorm ell ot Bonower's duUea `-..
<br /> �• ,r�;..Y:, under the�renams.b�1�wa,or�epul�UOrts of tAe eondom�nium ar piannea uMt dewbpmeM. �,-
<br /> �s�''���; •:�� 8.Autlio�itfr of Lw�dn to PwMrm hx Oa►°ww. tl Bonow�►falb to�eKorm an�uf Borrowx•s dutMt und�►thia dnd ot wat,L�nda�mey
<br /> pertorm ths duUes or cause diem to be performed•Lender msy tlpn r�owe�'��ame ar pay any emount If�octssary tor pe�tormence. It any �_
<br /> •;� �. eonstruoNon on thsp�operty u discoMinued or not cartied on tn a re�=onabls mmnor,Lender may do wh�tever f�neeessary to proteat Lender'a __
<br /> ��.�-s,�►' �� aecurity IMe►est In tM D�oWnY.Thb may inW�M�oomP�Bnp ths oonsuuotion.
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<br /> _r,,�k�� . � Lender's faituro to porform w1A not preciude Lender iram szercialnp any of ft�othar�ighta under ths I�w or thb da o uust. -_
<br /> °:,;=+"'Sd"• and wtl�l be�1�ntinst N m da deti�ot tM pallmsnt u��tdl�pafd f�tu�tt a�t tM iMir�sbtYs in�e�ct on U�ic isCU ed de�u��II bs dus an demand
<br /> y''p��,�','�• }t 10. p �nd AecM�ratlon.If 8onower fafis to �n�ka anY p�yms�rt whsn due ar bt�ab am►covanants under this d�sd of trutt ar�mr v
<br /> ,d obt!p�snurad by this deed of truat w�r�y pbr mo�t�ps or deed of wtt, I.endn ma�Yaceelerm the maturitlr of the sacured dsbt and
<br /> �.;,{-: `���:4!. demand tmmeQiats p�yment end mey tnwke the power ot aele and eny other�amsdtes pamitted by appitwbte Isw. —
<br /> '�'��.��t�tS-,i 11.Rs�at tor Notic�of D�f�ratt.h ts hereby�eque�ted th�t copies of the omlees ot defauft and sah b��ent to eaeh penon who U a p�rty
<br /> ��,•�,:s.i� �` hereto,at tta�ddres�vi o�oh�uch qri4on.�i sst fasih i�ks. .
<br /> � >,�.�� 12.Poww ot Sat�.it the Lender invoken Me power of eale,ths Truatee shnll Brst record in ths offics of tM repietar of daeds of eaeh counq
<br />,::�,:r 9�:3.;;�i wherein tM trurt properh►a torne psrt or pareet tt►meuf la situatad a notics ot def�uk coMUninI�th�Infom�ation required by I�w.TM TmitN
<br />�_�;�:�;�. � . �hali etso msil eoDtss of ths notiee of defauk to the Barower.to eaoh person vrho Is a parry her�to,and to otM�ps►sons�a ps��ib:b�YY
<br /> ==�-��'�; '� epplic�bte tsw.Not Isss than one mor►th atter tM T�stee rocords ths notice of default or two morKhs if tM tru�t propartY 1 In
<br />.__���. incp►poraud criy or vili�ps and i�u�sd in farrt►Inp operatiora oankd on by ths trusta,tM frusUe shali p:v�pu6tic notfca of ai�to tlN p�nom
<br />_,...,R,,�.r •� �r►d In the men�r proscrlb�by apPpliable Itna.Truetee,without demand on Bonower,ttuq seil the p►openy at publfo auatlon to the htpbsn
<br /> bidder.lt roqulred by tths Fi+rm ht'lomsstsad Protactlor►Aot,7ruatse sh�tl oHer the praDeAY in tvro tepuats wlet�s teQuired by applic�bt�i�w.
<br /> --- +"-�"�'° ��oi�lny d�e:��mnr �purcfiais tM pio�pe�riy�ai yiUe�.�by pubQo snnounaemeiit at the tlme and placs of�rry prevbu:ty scMduled�t�.
<br /> --�.F���:�•��� Upon rocslpt of psYmoM ot the�NCS b{d,Trustee�hall d�tiv��to ths purchuer TruaUS's d�ad conwyino th�propxt�►.The realti�is caitaimd in r
<br /> __r_=_«:r_`,�� TrustN'�tle�d sh�11 be prim�facb�vidNncs o!tM truth of the atetemenri contatned theroin.T�uates�fia11 eppry the proaeeds ot ths ute In the
<br /> foibwkp aMr: (�) ta alt apa�es ot th� eats,includlnp, but not Itmked to, ree�anabie Trustss't fae�, roasomDls �ttomey'�fsa and
<br /> ___��'�:,„�,,� roinst�nment fees;(b)to alt eums�saured by thia deed of weL and(e)+the balenee,If sny,to tbs psrcons lep�tty entiUed to roeeive it.
<br /> - -- t8.Foneto�un.At Lsnder's option,thia deod of trust msy bs faroetosad In she manner provid�by�pptieabl�I�w tor foreclo=un ot mortp��s
<br /> _- — on►at pmparh/•
<br /> --_-�,�� �4� le�sder may eMer the property to Inapeat k if lendsr pive�Borcowar noUes betoreh�nd. Ths notice must stats the rossonsbis
<br /> _—�-- cnus�f���ndir'�impeatlon.
<br /> -- -, �6 Coe�d�n�yo�.8ovower�ssi ns to Leoder the poaee��ot any aw�Td o�ciatm tor E�mapes eonn�oted witA�candemnsUon ar othet Ukin�
<br /> �-= s�Y of a11 or�ny part of�hs property.�uch proceod�wtp be appiled ns providad in Covensnt t.Thb�asipnmsnt ts subjsot to the terms ot sny pria
<br /> ._-.. --= tscurit�►apreomeirt.
<br /> - �- td.Waiw'0y sxereising emr romedy ava;labte to 6ender.Londer does�ot pive u�eny rtaht�M►ater uae�nY other romedy.8y not anrctsMp --
<br /> -.`.����-�°.�j any�emedy upon Borrower'�dstauit,�ender doet not wafvs any�ipht to I�tcr ams der th�evmt a detautt tt k h�ppsm sn�in.
<br /> ----��W�� 17.Jole�t and 8�v�nt I.[s�Ipt�:��Catl�as 8ucc�ssoes�nd Asdpns 8wnd.Atl dutia undsr tNs d�ed of trwt an jo1M and sevarv.Any =
<br /> __�_._�,._�..�.� ���� ����tf►e ef trust but doet not casiBn the uMer�r►n�t dest InstrumeM(s)doe�so onty to anM and eonva�the� -
<br /> �"°'""'0''"-'r"��`7 Boaower's intmeat in the praPe�q���Truatee undsr tAa terms of tAis des uute.in addhion auch�eonowar rpteea thet Un+�or�r.nd
<br /> - — ��othsr Borrowe�ued�r tN►d�ed of vust m�y�xcend.modHv or m�ks ar►y otMr clung��ln t�o t�rms of thb de�d of trust or tM s�eur�d
<br /> ---�-_�-==_�.i.�. dobt wi2Mut that 8aroweYe eon�er�t and wfthwrt retesainp that BoROwsr Mom ths terms ot this d�sd of trust.
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<br /> 1'hs dutie�,nd ber�effts dt thle doed ot tnist shall bind end bettefit the Queeessoro ans auipm of t,�nder and Borrowst. ___
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<br /> ., c� 18�.Nottu.U�tess optherwlae roquired by tsw,a�y notfce to 6onower shelt be piven bY deiiverinp it o�by mNilnp It by certlNed meil addreued to _
<br /> ',���'�� maNl io tendeff's,ddreis on p�°1 of Uui ded�ot�Wst�fa teo�a�nroYWO�cr edd�re s twhich Lee+der hdf deeipni d.Any ot�t►er r�iotLics tarliynd�th�ilt - -
<br /> ���_:..�:%�:�'+'` : bd s�M W I,endet's addross a st�tad on pape!ot this dNd of trust. _,
<br />' � ' � Any nottce eliall be deemed to have bsen qiven to Borcavrsr o►Lender when given in tRs m�nner�t�ted abovs.
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<br /> �'- 79.Tnmflr of tM P�q�rh w�Q�n�lktal G�t�In 1M g°n°wK•lf all or any put oi tM prop�rttr or�m+fnurest tn tt Is solA or aantfsrrM
<br />�,,':• , " y Wtthout Lendsfs prior wrriton conssM, lender may dem�nd immedlat�paym�M of Me �ecurod debt.lenda m�y aiso dem�nd Imemdi�W ��y':�.
<br /> r;::.:; .�`.�"= p�yment if the Bortowe� ia tat e neturalpe rsu�►and •bernfldai Intsre�t in the 8orrower is s�id or tru�sf�rted.Mowwer. lender au�r not �:_
<br /> -�� demmd peyment in the ebove situattons if it la prahibitad by tederel law ee of the dats of tMli da of trust.
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<br /> � 20.R�conv�Yane�.When the abligeSon socured by thls deed of trust has been pald end londer ha� no turther obitgetton to make adv�neea
<br />:-,.� undor the inabumeMe or egroemeMe seaured bytf�ls dood c�!trust,tho Tniatee ehnt�,u n written roquest bV the Ler►der,reconvey[�he truat
<br /> � ��="�. • property.The lender sheli detiver to the Bonower, ar to Bottower'e eucaeesw fn interea�the truet deed end tne note m other evidenco ot Me
<br /> `'' - obllpetlon so setisfled.Bonower eheil pay eny recordatton eoste.
<br /> ,� � ' � �1.Suac�osor Truttw. Londar, at Lendor's o�on. mey remove T�uetee end eppoim a euccessor ttustee by tirat, mallMg a copy of the
<br /> ° • � 6ubatituUon o4 truatee es requfred by epp0eable BW,0Rd thon,bY Hifng tho substitutlon ot trusteo tor rocoM tn tho oHico of the reg[ster ot deseda
<br /> _ • � ,.� suer.aeed to at�tAe,pwower,d�infes eputho�►ityn a�id titb of the Truatee neme�d�n tAe deed of miet and of en�isucceeeotv�oyu��of tho ptoporW,shatl
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<br /> �* . . ' BANKEAS SYBTEPA9.INC.ST.CtOtID.MN 66301 I1�0038�4S41/FOAMt OCRMT(I�NN!e/18Nt
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