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<br /> COVENA�ITB
<br /> 1. P�qm�r�a Borrower edraee to meko nll paymonts on tho sccurod debt whon duo. Untaoa Borro�var end Londer agree otfiarwlae, any '
<br /> paymenl�lendet raceives trom Borrower or for 9or�ower's benatit wlti be eppilod 11ra4 to any smounts Borvower owes on tha secured deht
<br /> "' exch�stve of intaro�t or ptinoipal,te�ond to inurest,�ad th�n to princtp�l.If p1�rtiai prepsyment of the�ecured debt oacurs!or eny renoon,It wiU
<br /> , , not reduce or excuae eny schedutea p�Ym�n{unUl th�ncu�M d�M Is p�td in tull.
<br />- �.qafrtu A�Inst Titl�.Bottower witl piy qll �x�t,i�sy siii�ii�tb and othsr ehsrpes�mlbut�ble to thopt apsrty when due end wfit defend thte
<br /> " to ths propo�ea alnat any ot�imi Which w�tmpW'tlw qrn of tMr d�ed of uu�t.Lender m�y requke Bonower to a�ipn eny►IghU,atalma or
<br /> � detensss whi eorrower may h�ve ep�in�t parthr who fuppty labor ot ma4eriNs to improve a m�fnt�in the property.
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<br /> �� 9.inwr�na�.Bonower wlit keep the propeRy Insurod under terme accept�bte to Lender at Bcrcower's expente end tor Lander's benetlt. AII '
<br /> ' insurance potlaisa�hall incfude s�tendud mortaapa alaus�in tavor of lsndar.Lende�wl11 be nenred e�bso peyee ot ea the lnsured on any auob
<br /> •. fnaurance poilay.Any irtaurance proceeds m�Y bs apptled,within I.md�r'�dl�creUon,to either the re�toratbn or rapair ot the dam�ped property ,
<br /> or to the secured debt.�f Lnnder►equlres mortpeQe insurancs,Bortowar apree�to maintetn suel�inaurenca tor ae long es Lender requbea.
<br /> • ,��, 4.Rnpwty.Bonower wiU keep the proporty In good condltion end meke eIi repafra�ea�onebly necessery.
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<br /> . ��'�`� o f fi�iaP�t oi�l n an y ubti 8ation necuredYb y�th sl daed of t►ue�s�ortower wit�pay theae amounta to Lende��provided in Covenant 9 of Wehdeed of
<br /> trutt. .
<br /> �� � B.Prlo►B�CU InUr�stt.Untesa Bortower 41ret obtatna LendePe written consent, BaROwer wiN rtot mako os permtt uny changes to any prtot �
<br /> . security inte� Bonower wilt peAorm all of BoROwer'e ohtigatlona under any prior mortgege, deed of trust or other security agreement,
<br /> . inctudinp Bortower'e aovenar►is to make peymsnts wt►en due. .5�-';
<br /> '� � 7.Atsi�nntsnt of RNtts artd P►oflb.Borcower assigna to 4ender the rente and profits of the prope�y Unleas Borrower end lender heve apreed '���
<br />'"�'� '���' otherw eel" in vinRing, Borrower may caiteot and retain the rents ae long as Bortower la nat Ire dafauh. It Borrower defauka.Lender,Lender's ���`
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<br />,,•�.,.�.;�t��;��•. agent, w a court appointed recelvar may teke poaseselQn and mena�a the proparty and aopeot tha rente.Aay renta Lender colleote shall be r,
<br /> fi. • applied ihat to the coate of inenegin the property, includlna�court coata and attomeya'tees,commissbns to te�tai �ge�M�,and any otfier —�:_
<br /> _ • , necessary�e�eted expenaes.The roma�nfnp amount of rents wlU then appty to psymem�on tM aecurod debt as p►ovided in Covernnt t. ��
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<br /> . . : 8.Lwsoi�Wdat Conda�niumai Piann�ttrdt Qsv�oFmsMs.Boaouraaproea to comply wNh the provialon�of eny lease if thie deed of truet is on �--•
<br /> � - �' e Ieasehotd. It this deed ot uust b oe e unk In a condomiNum or a plenned unft dsvetopment,Borrawer wltl perform ail of Bonov�nr's duties o--'�"'
<br />:';p�, ;, u�der the wvens�,bylaws,or ropultttons of the condomtnium or ptsnned unit dsvslopmer�t.
<br /> � 9.A��diority ot��ne'�►to owfarm ta Bane�ww. If Bor►ower felie to�perform am►at Borrowos't dutln undot thii doed of hust, I.endsr may
<br /> pertorm the duUn o�oauw thsm to b�p�►(ormad.Lender m�y Npn 6onower'�mm�or pay any�mou�t If��cetr�ry for psdarrnmes.If�ny ' .,
<br /> f�., 3.".� � ..'; comtruotbn on tMp�op�rty li dltcorninu�d or not anl�d on in�n�sombt�m�nn�r,Lst�6�r maq do what�v�r t�n�cttt�ry to prot�ot I.�ndsr'� _
<br /> . secu�ity tntorat U the prop�rty.Thb m�y Inofud�compbtinp tM con�truotion. �=4
<br /> �� n � Ltnd��'�fallun to psetorm witl not pnWud�L�ndn hom�xueisinp my of lu oeMr ripMs imda tfw ywos tN�d�M af truft. !,-'`
<br /> •` •' •,� '+ Any�mounYo pald by I.�ndn taprot�ot tsadK'�aaurlty ieftuat w{II b�peuad by ihU dNd oi�rutt. Suo �mount�wlli b�du�an d�m�nd �'�-=
<br /> snA will b�ar Mt�rat(rom tM d�i�of th�pa�m�nt untN paitl In full�t tM IM�nst rate In dleat an tM ncun�debt. °a:,
<br /> � 10.DrPwlt �ad AeaNK��de (f 8o�row�r falit to mik� �ny p�ym�ndt�n dus or brak� �ny cov�nants und�r thia d�sd ot tru�t ar�rqr �
<br /> dimind ImmMliti pa�nt md m�y i voki tM p�owa of iriiind iny OiMi imid il i pitmitt�dc�l.D t��',�urity of th� t�aund dobt�nd .--_
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<br /> �. � i i.it�N�t�Of�IOdC�Of ihiwit.ii is if�nby r�qupted ihri c�ilii 01 th8 iHi2108G 0}tii}Sidi Siid iik�s8 i8iit t0 BiGi'.�srsan w!w la��iy� -
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<br /> 'r� `��� Asnto,�t th�addnss of aaoh such person,u s�t torch h�rsin. -
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<br /> � 'r' 12.Pow�r of Ow�If the Lendsr involas ths power of als,ths Trustss�h��i flret roao�d In the offla of ths ropister of desds ot esoh aounty► _
<br /> ;_,� "� ';a�, wMrein ths uust property or eome part or psrcol d►ereot is situ�ted�ootiee of detauh conttlni�p tM Ntomietion vequlred by taw. The Trones _
<br /> - . . shttl ebo m�U coptes of the noUes ot detsuft to the 6oROwer,w each person who la a party 6sreto,and to otAer peraons as pretcriMd by
<br /> _' ' ' appNaabte Iaw.Not lets than ons mornh att�r ffie Trua�tee tscordi ths noUce of defauft ar two montht it ths tru�t property li not in any
<br />--R��`^'�-�'°: '� incapont�d etty a viUape aM Is used�n famnmg opsradons oartisd on b�r the truator,ths f►uatm sh�U pive publta notice of sate to the persom _
<br /> �'��y'''-=' and In tt�s mmner proscribed by�pppltaable liw.TrusUe,witlwut domand on Bonower,thap seU the pro�erty at puEila auatton to the hipheat
<br /> =��j°"''� ?��"•'` � bfddet.1 re quirod b y the Fa►m Homsatsad P►oteadon Aot,Truatee ehali oNer the pro D e r t�r in two sepuste iate�as requtre�by sppNabte Isw.
<br /> _-�'`��•',�:�; Trustes m�y postpont�sle ot stl or any pareet of the property by pu b i fa ennouncemsirt a t t he t ime a i d p pce o t any p►ev lous ty�c h e d u i e d ee le.
<br /> z����b ;,. Let�der or ite desipnee mey purahase ths praperty st nny tele.
<br /> �'�r ' Upon reo�iot ot p�ym ent 9f tha prlce t}id,Tnutes sha�l detiver to the putehoQer Trustoe's desd convevMw the property.The reeitisis coMained in
<br /> ";;�;*.t,=.,��,•_:�: Truttes's dead�h�ll be prlms faaie ev�dtenee at tha trud�of the stetemetrts coMeined thereln.Tnistee�fietl epply the proceeds of the�ate in the
<br /> ' . ��•�+�u��:' tolbw(np ord�r: (�) to aIi sxpeniea of the eaie. Inctudinp, but not Ilmtted to, reaanable TNStee'e fee�, roasonebls attamey'i fees and
<br /> ��±' ,;...,, " relmtatemsnt fee�;lb)to att wms secured by thb doed of wet,and te)the be�ance,It any,to the psnor►s kpslty entiUed to reeotvs!t.
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<br /> �r;;���+r�° 1S.ForeaWwn.At Lender's a�tion,thls deed of truat msy be forecioeed in the manner provide by applloabie taw tor torecloaure oi morcpapes
<br /> �P?,T::;��, on real propetty. �_.
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<br /> r.���F ( 14.Mtroqatlon lender m�y entar d�e property to inapect k if Lendar Sives Borrowar noUce betarehm0. The raUcs must atats the rosconabie
<br /> �'�i?�
<br /> aau�e r lender'�InspeaUon.
<br /> i,�: ' 16.Cond�rrwnUon.Bonower asai ns to Lendar the proeeeda ot smr awerd or ctalm tor dams�pe�connectad with e eondemnatton or othor teklny __-
<br /> ..,r, .,r.
<br /> secu�rky apraemeM�������ueh ptoceeds wlil t»applied as prcvtded in Covenerit t.This�snigmnent is subjsat to ths terms at any prtor --
<br /> -j�'� 18.INrwr. 81!exerelainp erry remedY avatiabte to Lendar.Lender doea not pive up any Nphte to later uae an other remedy. By not exerNaing E�.
<br /> e�_
<br /> �3,,��`� � eny remedy upon Borrower's defeult.Lender doea not walve eny r(ght ta teter consider the event e def�uit If ft Kappent t0aln. _
<br /> _ ��'�=�':�r� p17�.Jotnt�nd S�vrrN U� Casipn�ns Suaansas ond As�ipns BaunA. AII dutles under tMs od of uust are Jo�rn +�nd sevaret.Any =-�
<br /> '"N`--�"F'--'� oY�IOwrer who casign� th s eed of trust but does not casign the unde�tyln0 debt inmume�(s)�oe�so onfy to gmrrt and conrey thet �s�:..
<br /> v""x"3��+��* Borrower's tnterest In the property to the Tniatee under the tarms of thia doea oTtrust.t�eddltEon. wcA a Bomwer ep►ee�that the Lender and ��^=.
<br /> :±oya�.,...,-,... r• .
<br /> emr other Bonower under thia deed of uust may extend, modlH or meke eny other chanQen In the terma of thit deed of truet or Uro seeured �:,
<br /> -'�zk"?�';"'',�L'. debt wtU►out that BorvoweYa eoneeM and without retesaing that�orrower from t1�e terms of thts d�ed ot trust. !��
<br /> � �' ��S° The d�Uea end benetitt of this deod of tru�t shatl bind and bensHt the auccea�o►e and aasipns of lender end Bo�rower. ,--:
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<br /> ��-� 1 L ' 18.Notic�.Untose otMrwise required by Iew,any notiae to Borrower ehait be yiven by detiverine k or Dy meNlnq k by aerdfled mail addreaaed to ..`
<br /> _ - ' . ''� Borrovrer at ths p�openy eddrese or en1r other address that Bonower ha&given to Lendar.Bor►ower wiU pive any notice to Lender by cerdfied �'_
<br /> • � '�' �f� m�8 to Landsr'��ddroie on pspe 1 of thie deed ot trust,or to any otAer nddreae whloh�ender hes deUgnated.Any othgr noUee to Lender ehatl .�,=
<br /> , bA�eM to Lender'�addreas ae stated on page 1 of this deed of ttuat.
<br /> _ � , �� Amr rtotice ehall be Qeemed to have been p�ven to 8orrower or Lender when given in Me mmne�etated ebove. ,
<br /> 18.T�ata ot tM Pro�ty or�8�nrllotY inan�t in th�BoKOwer.If ail or any peR o4 ths ptope�ty or any inurest in k It eot�or tranaferred � ',
<br /> ,. , wttliout Lend�P�p►lor written eonseM, Lender mey demand immedlste paymerrc of the seourod debt. Lender may alio demend immediate �
<br /> • � demend paymeM In the ebove ekuallonar�f ii Is proNibked by federal�aw os of the dote of Wth�is deed�ot wst���� Howsver.Lender mey e►ot
<br /> - ., � Z0.R�conv�yanc�.Whon the obllgaUon eocutQd by thle deed of uust has been paid ond Lender hae no tuKher obllgation to meke advancoe
<br /> ' -��a under the Inetrumente or egreements secured dy this deed ot trust,the Truetae shalf upon w�itten roquest bv the Lender,roaonvey the nuet
<br /> ' ' �',.- � pro�perty.Tha Lende;eha�i de�iver to the Bonower,or to Bonower's succeasor�n tntorost,the t�uat deed and tne note or other evidence of the •
<br /> ----. �----- vwtgauw�ao eouot�w.vwtvam tinan ya;m��ie8w�5wn Gvow. --�
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<br /> �� • � '� 21.8�ue�ssor TmstM. Lender, et Lertder's optton, may remove Trustee and e�polnt e auaeassar trueteo by flrat, mellinp e copy of the
<br /> � subetitutton of trustee as required by epplicebte law,and then,by tiling the subatkution oi trustse tor record In tM office of the regiater of deeda
<br /> ' ot eech county in whloh the truat praperty,or eome pert thereof,Is eftueted.The suooessor t►ustee,wlthout canveyanae of the p►operty,sheli
<br /> succoed to eil tho power,duties,authority and tkle oi tho Tn�atee nemed In the deed ot truat and ot any succeseor ttustoo.
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<br /> UsBe�oI?1
<br /> „ BANRERB BYBTEMB,dIC..AT.CttlUO.MN 66501 lt-000��87•23411 FORM OCRMT6NE 8/19181
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