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<br /> ., • COVENAMTB �"''�_`
<br /> � . • t.Po�tmcnU. Borrowor aprooa to meko ali �aymonte on ttio eocursd dobt when duo. Untose 8o�rawo� and Landar agree otherwtse, eny
<br /> • ' paymant�lsndor recelves(rom Borrower or or Borrower's benotit wfit bo appuod firat to ony amounte 8orrowor awou on tho aecurod dabt
<br /> � �• � not reduee or�exc8ie�se�enN ioheduted.p�ymeUl,t umN the pecured debt le pa!d In tul6�prepaymcnt of tho securad dobt occurs tor any roaton,It wlll
<br /> to th��e prope�rtyiat�Tnit�am�I ctalma�M�il01i Vrould Imp,k fhs tlan�of ihit deed of u�uiie Len�der maey requlhe Borrow re to e tilpn en�y rlphts�claimi or ',
<br /> �'�•"� defansss�xhlch eo�rowe fn�y h�v��painat partt��who Wpply I�bor or m�terlaU to improve or malntein tbe property. ,�`;
<br /> t''�'��; ' � ,
<br /> ' 9.�n�w�. 8orrower wiU keeR�Praperty inaured under terms aaceptebie to Lender et Borrower's expenae end 10� Lendor'e benef(t.All
<br /> .,,;• . ' imur�nce potiale�shUt Inotude�aandard mortgage atauQe!n tavor o}Londar.Londar w1116o namod aa teae pnyee ot�e the Inaured on eny suoh
<br /> < •. ,? , ; inwrance polloy.Any Insunne�proceed�mdy bs�ppltsd,whhtn Lender'a dismetton,to elther the�estaradon ot oop�ir of th�dameped ptoperty _
<br /> ••� ,���•� or to ths�ecund dsbt.If Lender►equlros morty�g�Insurance,8ar�ower agress to malntatn ouoh insuranee for es lonp a Lender nqutree. -r
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<br /> ;•L`-'"J�� 4.P�op�rty.Batto�vet wl i l keep t he propa rt y tn y o o d c o n d l U o n a n d m a k e a l l�e p e l r s�o e s o nabi y naces�e ry.
<br /> ��w�°, g,F.xpaao�, Borrower aqraas to pay aIi Lender'o expenaes Ino►udinp reneonnbte ettameys'tees,If Borrower breake am�covenams in th�p deed �n
<br /> � ot t►ust or In any obllp�tton secured by thla�eed of t�uet.�orrower wilt pny these amounte to lender as provided In Covenant 8 of this deed ot
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<br /> ��„ . �• � 8.Pda B�iM�natr.Uniesa Bonower fitet obtain9 LendeYa written eonaent, Borcower wifl not meke or permit any chenges to any prior „:....
<br /> �• - � security iMere . Bortowar vrlU perform ail of Borcawer's obligationa under any prlor mortgego, deed of t�ust or mher eeaurNy aaroement, _ r:��
<br /> • " �� indudtng BorrowPr'a eovenantt to make payments when due. ��=_
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<br /> � '�t' 7.Aai rt of R�rrts and Profib.Borrower aesigns to Lendat the rents and profita of the property.Uniesa Borrower and Landor have egreed ��;••
<br /> �"' , . •:..�.�� otherw ea in writing,Bonower may cotlect and retelo the rents as�ong as Borcower ia not in detautt.If Borrower deleults, Leader, Lendefs �,•-
<br /> agent.or e court appointed recotver mey taka poeaeselon and manage the property and cofieat the�ents. Any renta Lende► colieato shail be �r
<br /> appfied flrot to the coate of managtng the propetty, inaluding court costs and ettomeys'faea, commiasiona to tentel egm� ts,artd eny other �;�
<br />� �� •.•,���_� neeeasnry related expenses.The remafning emount of�ents will then appfy to payments on the aecured debt ae pravlded In CovenaM 1. ___
<br /> YS"" �' 8.�usfid�si�a�BOn�in�um�s p{an�d tJr�it Qavel�M�.8orrowet et!rees to comaiy virith the provisiona of any leasa H tfila deed ot uust ia on --
<br /> � a leasahotd. If thia deed of uust is on s unit in a condominium or e plannad uNt duvelopmerrt,Borrowor w10 perform a�l of Bortower's duNee
<br />_ � ',",�; under the covenento,bydaws,or regutetiona ot tho condominium or pianned unh deveiopment. �`-'_-
<br /> ` �� `� ,� (;: 9.Rlutharriy ot Lend�r to P�rtomo for Bortow�u if Borrowor failo to pe�torm any ot Borrowor's duties under this�1eeA ot m�et, 4ander mey � s
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<br /> .;c�.'; _..;f.+;3?�;;•P peAorm tho iluttas or eause them to be por(ormed.Lender may sfgn Bottowsr a name or pay any amount if neaeseaty fo�pertortnance.If ony ;;�;�'';
<br /> -^�-r>-.s•;a:•.�.::•:t� consuuatton on thaproperty Is dtscontinued or oot esr�lad on in e reesoneble manner,Lendar may do whatever ia neeea�ary to prot�at lender'e
<br /> .`� ;�",:��f;�N�'•,y seeutity U►tareat in the proporty.Thls mey inclu de aomp ie t inp t h e c o n s t r u c t f o n. f^__
<br />°'�>�'•�'%;:4,. Lendor'a teAure to podorm wilt not prectude lende►from exaraising apy of tts other�fpMs undar the lew or this deed of iruat.
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<br /> '�, ` �±1~•5,.. �.� Any amourrcs pafd by Wnder to proteat Lender'�securhy interost wiD be secured by thia deed of trust.Sucb amouMa witl Re due on demand �...—
<br /> � �-"'�::�: and wiil beer inte►est Bom the dete of the paymem until pald in tuti at the IntereK�ate in effeat on the�ecured debt.
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<br /> �'�f�-� �,35 1 10. D�Tautt �nd Aac�l�ratlon.It 8orrower tatia to meke any payment when due or breala arry covenaMS under thia deed of truet or any _-
<br />_<�•,� ,+., oEIFgaUon�eaued by thi�deed of truat at ar�y prior rnortyepe or deed of trwt, Lander mey aacolerate 4he maturity ot the eecured dsbt and � - -.
<br /> ,, demand immediata peyment and may Irrvoko ths powe�of als and any ather tamedies permitted by epplioabls Isw.
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<br /> -=::;d�7 11. R�it t9t 11iOd0�Of�it ia i�mabY fGyd&Z28t3 ili�ii tOw�i1!SbC itOtlCC3 4!�LlD!!!!E!!d a�1R h4!Blli ta waeh�►son Wh0 t1 a Qefty ,
<br />-;��•,�` <��1�' hereto,rt thn oddrea of esah wa person,es�et torth hsroin.
<br />- "�:�...,..:r � � 1�. Poww ot BM�.If ths lsnder Invokes the power of�ale,the Tru�tee sh�ii tlrst rocord in th�oHfcs of ths rept�ter ot d�eds ot��oh aouMy
<br /> ':,r'-�::;,i vuherefn the trun property or soms pm ar pucsl thaeof i�eftu�ted��ottao ot dsiauit eontsintno the inform�tton tepulnd by I�w.Ths Tru�ta�
<br />-_��, ,,., shell al�o mali cople�ot tt►s aotice ot detauR to ths Berrower,to each peraon who is�pany hereto,snd to otMr qroons a�[xeicrlb�d by
<br /> ..bz�s. appliosAlo t�w.Not tes�than one m4nth�iter th�Trustee reeord�ch�notie�o! defautt or two months If ths uun prOpstry lo not in�ny
<br />�'����'� ' Incorpo►ated city or viliaps and is used in fuminp opsraUons aattled on by ths bustor,the f�usies�ha11 piva pubtlo noUa of s�l�to tMp4rtoes
<br /> �__-��„G� and in�!ft�er menne�preaeHbed b ippptlwEls taw.Trustes,without demand on Bonowsrrt,ythall wl�ths propsrty�t puWo auotton to the hiphest
<br /> w'�` Trudatis may up atpo���iats of N ominy�parcel of ths propeTrtryy by publo annaun�cemer�it�at the time end p ir.�s rot a��p�rovtnwtb�►yich�euduib vils.
<br /> —==:-:r�:��� LenOer ot Its deaignee may purehaae the property at any saie.
<br />"'�'�"1'�`��� Upon rotelpt of psymont of ths pHcs bid,Trustee chatl delirer to the pureheser Trustee'a deed conveyinp the ptope►ty.The roaidale coMeined in
<br /> �"a'�"�?�°i'��� Ttuatee'a deed ahati be prlms feaie evidionce of the truth ot the etetemeMe coM�ireod thetetn.TruateB sfiali eppty the procveds of the sate in ths
<br /> * rellr�intitemoM teese�lbl to'elt suma sentred by thti deed of�V at and(01 the ebel nce it any bto tl�e p�etsons Iageily ea K tled�to re�r.ul�ire�n,fees and
<br /> �-�--�•-�•° 18.Foacto�un.At LendePa option,this deed of truat may be torectosed in the manner provide by applicab�e taw for toreciusuro of mortpapes
<br /> —.-" --��•� on teal proprerty.
<br /> ""''�� 14.Inspattan.Lender may onter the properry to inspeot ft if Lertder gives Bortower noUce betorehond.The rtotice must etete the reasonable
<br /> ---..�~`� cauae tar LenEer'e inapeadon. _
<br /> 76.Cond�on.Bonower essi ns to Lender the vrocaeds of nny eward or claim for damsgee Conneated with a condemnettan ar other takinp
<br />-_ . � ot all or any pert ot N+e properiy.�uch proceeds wI11 be appited es provFded in Covenant t.This aseignment U subJeot to the terms of any prbr
<br /> °-�?=� aecurity apreemeM.
<br /> �,��"� 1A.WNver.8y exeralsirq any remedy avella0to to Lende�,Lender does not glve up any rtyhts to later use eny�ther remedy. By aot exerolsinp
<br /> —_--— arn/remedy upon Borcower's default,Lender doos not waive eny dgM to later consider the eveM e deteuit it It happena�pein.
<br /> .�`�'��9 17..totnt ar�d Sovrre! Ca-�Itnere: 8uewuon md Aas!gns Bound.Att dutEea under this deed of trur.t are jaiM and sevetal. .AnY .
<br />������ Borrower who casigna thta eed uf uust but doea not eo-aign tha under1yI Eebt InaLrumern(e1 doen eo onry to g�ent and convay that
<br /> �+:��.a�^r-_�_�� BorrowePe interest In Me property to the Trustee under the torms of thia deed o�tru�t.In addhion such a 8onower pgroe�that the LenAer and
<br /> - en]I other Sorcower undar thla deed of trust msy extend,modNy or maka eny other ehnn ea tn t�ie terms of thts deed of trurt or the�oeured
<br /> °--��=��`— debt witlbut thet Bor►owera consent end wfthout roteasing that Bortower from the terms o�this deed of truat.
<br /> ���� The duttee end beneflta of thia deed of truet eshail Dind srM banefit the sueeeaeors end asstgno of Lender end Bonower. =-
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<br /> ?�„ 18.Notic�.Unieas otherwise requtred by lew,amr notice to Bottower shatl be ghren by dolivering k or by matiing k by certifted mei�eddreased to --
<br /> Borrower st the property addroae or any other addresa that 8orrower hae given to lender.Borrower wIU giva any notice to Lender by eeRftiod `-—
<br /> _'��'��;'� maU to Lender's adoreas on p�pe 1 of this deed of uust,or to any other addteis which le�der has dealpnated.A�othe�ooUce to Lender ohNl
<br />--,:k3.'};z•�•��.;� be eeM to Lendor'e eddreas aa steted on papa t ot thle doed ot truat. ��
<br /> �'= �yl�� My notiee sheil be deemed to heve been given to Bortower or Lender when�tven in the manrror steted above.
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<br /> ���>r:�:;'":. 19.Tnn�t�a of tM Rroqrty ar�B�n�ftcW Inbrat in th�Barowo.H�U or�ny part oi the propertY or my irnarost M it it aold or transferced ---
<br /> . . . •. .� without Lender's prla wrkten conseM, Lende► mey dertund Immedlats psymort of the aecured deUt. Lendar mav also dem�nd tmmedim
<br /> � f EeTYf�BRd p8ytnart n the88bOV8 8ftU8ti0nsr/f k/s ptohib�Od by fedorat taw�os of the daeo ot th�s deed�of�uus�tansterrad. Howevar, londer msy not
<br /> � 10.R�eaw�yaae�.Whon tho obtigation eoeured by this deed of Uust hae baon puid and Lender hne�o further obYgetion to make advencea
<br /> .�, undet Mo I�iatrumenta or egreemente secured by thle deed ot Vuat,tho Truetee shelf upon w►itten request by th� lender,�econvey the trust
<br /> proyerty.Tho Lender_ehall dativer to the Botrower,or to Bor�ower'e sueeessor in interest,the uuat dead end the note or other ovfdonce of the
<br /> .-'•�� _ . _ - ODItOIIIfon so 69LIET180.OOROwoi aaott pe}oi.�row.�w.,�.......�... -
<br /> .. •+T,* , 11. 8ueassor Teu�. Lender, et Lender's opUon. meY removo Truatee and eppofnt a suacessor trustae by firat, maliing a copy af the
<br />_ •� eubstitutbn of Vustee as roqulred by appWaab►e Iaw,and then,by flNng the su6stituUon of vuatee tor rocord tn tho oHice of the regieter ot doeda
<br /> `' • eucceed to�611yUie power dutfoee eutlwrity�an�dr tkte o�inne rn,sioe'nem ain�a a ed of tnest e d ot eny euocoasor��uae eo.of tho property,ehall
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<br /> �° „ 6AlpCEAq 8Y87EMS,�NC..ST.CLtlUO,MN E8301 tS�l00•�97•28N 1 fOAM OCP�AIT3�NE 8/18181 _
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