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<br /> __ ..„_ " -� 9� �0�6'71 .
<br /> ' COVENANTB .
<br /> " 1. Peym�M�. 4orrawot opruoe Lo moho att payrgonts an tho aocurad dabt whon duo. Unloso Borrowor end Londo� e(Ireo othetM�ise, eny
<br /> paymonts Len�er reoetvos h�opm Borrawor or�or Borcower's Eenetit wlll be�pp��ed iint to eny amountt Borrowo► owoe on tho socurod dobt
<br /> not reduce or axcuie eny�se►iadutad piyment untiliho secured de t ii�peld in full��p���ayMent nf tho socured dabt oceure tar any roason,lt wltl
<br /> ' Z.Clrms ApNmt Tttl�.Barrower wip p�y all taxa�.��ae��mentr,tnd othsr ahupes�ttrlbut�bte to tho prop�ny wh�n du��nd wlu dstend titte
<br /> R
<br /> • �� � to ths property ep 8nst any ctatmi h►ah woutd+mpatr tM It�n of this d����t`��o imp�rove or maintiu�Bhs aopirtyassign any ripht�,ettfms or
<br /> • � defan=es wlUah Horrower mW h�v�ap�IMt prrtN��wAb Iup/11►•��bot Q� :
<br /> g,{nsur�ne�.Bonowor wltl keep tha propeny ineured uniler ti�m�seosptabt�to Lende� at Borrower't experue and for Lender'e banetit. All
<br /> Insurancs poliei���hNi inoluds�tt�ndard moR0t0�c�aua i4 tavor of Lendir.Lendss wili bs n�med�o io�payaa or oa tFw lnswo�on any aueh
<br /> � . or t�o ths te�aurYad debt�If Leod ie equkii�mo�rty Bi tniued�ith�rf owii�apries to roai tiln iuch Iniuranoi tar ss tonp�is U��ideriiaquUci°�� ,
<br /> '<. ��1 4.Pro{f�rq.Borrower v�il1 keep the property in pood condition and m�ke al!rapeir�reuonabty neces�ary.
<br /> ''k"''"`"``�\ g E�cp�ntes,Borrower egrees to pey ail Lender'a oxpentes inaludinp reasonable�ttorneya'feas,if 8orrowor bteeks any eoven�nte in thla de�d
<br /> • . o�uuat or in eny obligetton aeeured by thio deed of irust.�ortower w11i pay these smounts to Lander ae provided in Covenan4 8 of this deed of
<br /> uu�t. ' `
<br /> . ec� in�te�reab gor owe��will pe��rm allHottBorrpwer s obllpatio(ns under enY pT�mortpnge�deed of trua�tTO�other ieae�urity�egreement,
<br /> � inciudinp Battower's coventMs to mske payments whsn due. ,
<br /> �,ppto�n�t of R�nt��tM Protiq.Bo ower ase{gns to Lender ths rente�nd ►ofit�of the ptoperty.UAeu Botrower end Lender hsve apresd
<br /> otherw�ss in wridng, 8anowet miy co7eot and reuin the renu as Ionp as eSrrower ia not In defauit.lf Bottower dataults,Lender. Lender'�
<br /> ". , ;ti � apent,ar a court appofntad rseelve►m�Y ake poatss�lon and manepe tha propertlr end cotteot the renn.Any rents Lender eolieats ehatl be
<br /> �ppited fttot to ths costs of ineneptnD the propsrty. inotudinp court aost�snd attorrays'tees, eommiatons to retrcst a QenU, and any other •�
<br />' ' neceaasry rateted expensea.Ths remalninp amount af rente wili then apply to peyment�on ths cecured debt�n provided in Covenant 1. �
<br /> I � 8,uas�t�mS�iai Candomtnlumo=Planead Unit O�vaopm�nts.Bonowet e9reee ta aomply wfth tlw prmikiiona of anylonae if this deed ot huat is on •`-'�
<br />�.,Y ,; � a�eesehold.N thle deed ot uust is on e unit in e aondominlum or a plannad unit deveiopment,Borcower wilt peHorm aIi ot Borrower's dutiea ti r-
<br /> uMer the cover ents.by-tewe,or teBN�aUona of the cond ��lntum or plenned urtit devebpmeM.
<br /> ' ` �:
<br /> 8.AuMmisl�of Und�r ta 9utotm for Botrow�r.If Ba r tails tope�torm eny of Bonowur's dutiee under thie dend of aust,La�sder may
<br /> �•'�4�• pettofm ths dutlei or esu8a At�em to be performed.Lenaar mey eign 8orrowet's n�me ot pay any amount if neeesaery fo�pefformtnee.H am �q
<br /> � ' lonsuucHon on the propararl 9a diaaontinued or not cattied on in a reasonebie memer,Lender may do whptever te neaescarV to protect Len�r's `_
<br />. ,/�:.F�;�:���' secutky i�Kereat in the propardy.Thta may include completinH the canstruatbn. �+
<br /> ■�±+.5,::
<br /> `r..�� -;i;�:j�;.'��= '-+ Lendet's fe�3bro to Rettorr�n wtli not preciude Leodat hom exerdsing any of its other Hphts undet the taw a tNa deed of Yirust. R!°�W�
<br /> 'y,�t�t,,�' �;:�.;-,.
<br /> `�. •'���i�ij'�:' '� AmI amou�ta p�ld by lereder to ptoteat Lander'e eecudq�imerest wlt!he searced by thle deed of tru�t.�uab aunts w1A be due on demand ,�:;a,
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<br /> �;�'.r����:r z:�, and w1116aer��rcereat trom thn date ot the payment until patd in tull at the lnterest rete in effeat on ths�ecured ebt. �j�r�
<br /> : ,;, , ?•"��
<br />.;;�, •; 1���'� 10.Mt�u1t�nd Aaa�IQration.it Borcower tails to meke eny AaymeM whan due or breeks erry aovana�s under thia�aed of truot or sr�y ;�i,�:
<br /> ���`� '� , obtiyatlon aeoured by M1s dsed of trust or er►y prior mortyape oi deed of uus�,�ender maY eacNle►ete tAe m�tvrRV�a+tne searod d�bt and
<br /> 'l'�` �E �: demand Immedi�te peyment snd mey invoke the power of sa16 artd a�ott�er tem iea permilted by ap�l�able Iaw. ""°',
<br /> ' •�_;��;' r =
<br /> a � ,1 �. 11.R�usst ta Nestia�of D�huk.it is hereby requested that copiec oi tne nosicea of defsuH o��G oa3s k�a:sr.t.�aacl:Fx�n�a!a a F�Y
<br /> � .� heroto,et the sddrosa of eaeh euch peraon.as set forth herein. __
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<br /> �• �-,g� 12.Poww of BM�.if ths lender Imoke�tfis power of ss►e,the Trustes ehsll fint rocord in the offtce of the regfster of deed�of�aeh eouMy _
<br /> y� wharef�the dua propertll or soms pert or parcel tMroof ts sltueted s�otia ot defauft conteining the i�ormatton teqWred by Irw.The Tnates _.
<br /> L sh�ii al�o maii copiss ot ths noNca of default to the Bonower,to each pe►son who li s psrty hereto,snd to otfror persons tts �se►ip�d bY
<br /> ���••�� �i��'� • apptlea6b t�w.Not lass than ons moMh siter ths TnaUs rocords ths notla ot defautt or two rno�H ths trust prop�rty�i not in anY =
<br /> : '.4�' ss�.�-
<br /> incorpotatad eity or vIW p�and Is used in farminp operatlons anied on by the tru�tor,ths frostee thetl pive publto notles ot ate to ths p�r�ons _
<br />�°-s�:. , t and in ths menner p�scrlbed bv�apppAabis law.Tnutee.whhout dem�nd on 8anower,ahNt sali the proyerty�t pubilo�uatlon to tM hlpMst
<br />--_.�s.a�..' —
<br /> ,,,�i , '" biddK.It rsqulrad by th�Farm+lomestad P�otsailon Aat,Tnistes ahatl otfsr the p►operttr In two�epante abs�s roquind by�ppltcaEt law.
<br /> 3*c�:,��.r�,R Trwt�s may ponporn sd�of al!or�ny p�rc�t ot ths ptop�rty by pubita announwment at the tims and ptic�of amr pbvkutty ach�du�uts•
<br /> --_.�f.,..,u�• L�ndu a iri d�tlprws may Purchu�th�propertY at any als.
<br /> .:_,,'...
<br />.=-z;�����.,;,;°� - U�oon rocstpt of p�ym�nt of tM prics bld,Trostes sMit dtliv�r te th�pbrch�ar Trostw'e d!�d comrWinp tPM WaDonY•�raelU I emft�ined tn
<br /> '� ° '�' -�'4 7nutes�aeed tholt be prim�Kci�evidiina�of ths truth of th�st�t�menu contak►ed thsreln.Truatn ahali apply the pron�d�o������f�tM
<br />,'.•r;'• ;'�'i;f: '� tolbwinp orda:UI to all sxpen�s� of th� Nte. IncNAinp, but not Iimltsd to, anombb Ttu�t�s'� fees, tOCLOMbI�81i0�My'i }8�� �t1d
<br /> :�,�,�,`.;�+.+__ r��n�tatNn�t►t teer.(bf to a��sumf saeured b�thts deed of t�u�.and to)the ba�anae,n�ny,to ths persons�epslly eMiUed to�aceiw it.
<br /> -�'T'u � 19,For�otun.At Lsnda'�opdon,th��deed of vust m�y be toroctosed In the menmr prov[de by epp4eabte tew tor toreclowr�ot mortg�pes
<br /> ° �'f�-"''�-'�'�•� on r�et prop�rty.
<br /> —.y:�a.e.e�.:.�.
<br />_, ,�.�;���,�_� 14, Ls�dsr miy entet the properly to inapeot k it Lender gives Borrower notios beforohs�d. The�otice mun stats ttro�eatontbis
<br /> —_ _ cauu�u'a intpsaton.
<br /> "'� 16,Cond�nnstlon,8onower aad Q�u to Lander the proeeeda of nny ewsrd or c1eM fa demeg es eonnemed with�eondemnat�oa ar other tekinp
<br /> of a��or amr Part of the ProQerty.Sueh proceeda will be appAed aa provided in Covenent 1.Thta aeeignm�eM le�ubJeat to U�e termt of any pior
<br /> '¢'?=��.�:�?�i� s�eurftyaweement. -_
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<br /> - � 18.Wdr�.By exerd�inp sny reme avaliabls to Lender,lendet does�ot qive up any�ights to later uae anY othet remedy.8y not ex�rdsinp
<br /> "'',z�� any romedy upon 8orcower's detautt, er does not waive any�igM to Iater constder the event a detauit It tt heppens ap�ln. �
<br /> , ...:1-:;S+,i
<br /> -w�s��-::�a,�, 17.Jotnt rnd 8�wn1 U�� Co-sipn�ni SuCaqson�nd A�wi(i+w Qoiind. lll) dudoa unQet thl� deed of truat ero Jolnt tmd sevarei. Any _
<br /> �=:z:,�::_=� Bottower who eo-aipns this desd of auat but doea not eo•aign the underivirg aabt tnetrumemtd) does so oniy to grnnt nnd eonvey that �-.__
<br /> -�-=�-�--_= 8orrowar•s U►terost in the propertlr to the Trustee undet the terms of thia dsed nftruat.In addiUon,eueh a Bortower epraet tAat tM Lender and .
<br /> -_ �=a��4^^�i �ny other Bonower under thb deed of trust may extend��ittiar meke nny othet chanpea in the terma of thia deed ot tru�t or the eacuted
<br /> �_ .�_.
<br /> _.:p�=�.::_:,... .
<br /> -_--�� z:,.,�, debt without th�t 8ottoweYs coruent and without roieasl t Bartower hwn the terms ot thl�de trust. :�._
<br /> �7:::�"'�.ye��- !'Y-=
<br /> _:.,,;.-�,� 71»duUss ard benstits oi this deed ot uust�helt bind and benefit the successon and sssigns of Lendar ar�d 8ortowsr. �,,_,
<br /> ` �� � �.�:--� te.Notle�.Unlus otherwiae requtrod by taw.any ooti�a to Borrower ehntl be piven by dettvering k or b�meiting it Ey certifled mnit eddreased to E:,
<br /> Borrowa at tM property eddnss or am+other addcest that 8orcower hae Iven to lende�.Borrower wttl ave any notfee to Lender by cortiNad � _
<br /> r '� mttl to LendeY�sddnss on pege 1 of tf�ls desd ot trust,or to any other��dresf whkb lende�ha�deslgn�ted.Am►other notiee t0 Len00t 6At11 ,r-
<br /> • . g be sent to Lender's addreas ae stete0 on page t oi thia Aeed ot truat.
<br /> Any�oUaa ah�lt b�e deemod to have been piven to Bortownr or Lender when piven in the manner steted ibove. �✓�
<br /> _.. .. ,� ..j � a.,:
<br /> . . � 19.T��ot da P�e�ety a�B�lIW�tnbnst in th�8onow�►.If at!or anq port ot the prope�ty or any iMereat in it fa�otd or trensfeRed �°
<br /> • ` -Y.._• without Lender'e prlor wrkten contert. Lendn may demand immeditite payment ot the socured debt, lender msy et=o demend tmmediate �
<br /> .. � Eemand paymeM 7n Nre�ebovo eituattonsr N lils p ofiibidtod b�lr federel tewias of the de�ot this deed�of�UUS e�sferced.Howeerer. Lender may not
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<br /> � ?� 20.Raom�yuic�.When the oblfgallon eecurod by this deed of trust has been pald erW londer has�o turther oblFAetion to meke advancea �
<br /> � ' under the inauumente or a�roemeots aecurad by thta deed of trunt,the Truetoe Bhel� upon vrritton �oquost bY the Lender.raconvey the truet
<br /> ° n.nno.tu. Ths L�nd9r sha0 ellvet t0 th9 BOnOWET.Or t0 BOifOWEt'6 6UCCC860I Uf (ift8r98t,the uuat deed and trte eote or other evidanw of the �
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<br /> obtfgedon so seNafEed.Bonower shail pey any rocoreatlon eosts.
<br /> � ' 21.Sueceesor Teustse. Lendor, et lendePs optton, may removo Trvstee and appoint a sueeessot trustee by Orst, malling a copy o4 the
<br /> substltutEon of vuetee as requlred by eDP�teabte�aw,and tt�on,by fl�lng the eubstlteition of trustee tor�eco�d in tho office ot the regleter of deode
<br /> . suc�8d t�o aU�die power duttes eutho�rityrt and Utte of t e Truetee nemo i�n tho�ed ed of�tr�ust 8r�id ot amr�eu�ccea�sor�tryusteo ot the proporty.ehat�
<br /> ' rvpe?0�?1
<br /> - „ • - BANRERS BVBTEMS.WC..8T.ClOUD.MN 68301 Il$OOa87•2�411 fOAM OCP�MTfFNE 8/18181
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