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<br /> . . .� � COVENANYB Q�ao��7� :v:
<br /> � � 1. Paymer�. Borrawot ap�oae to meko nil peymonts on tho socurod dobt whan duo. Unto$e Borrawor and Londor agreo otherwiso, any p?�4,
<br /> ���z peymenta Lender recefve�i�om 8orrower or (or 8otrower'a banoiit wiil be ep lied tiret +to any omounta 8orrowor owoa on tho uocurod dobt
<br /> . exoivaive of intareat or prlrtatpat,eegond to IMarost,end than to prinotpaL�f p�al propaymant of tho soeured dobt oacurs for any roeeon,!t wlfl „ '
<br /> � � not reduce a excuse eny�chedule0 psyment unUl tho�ecurod dobt ia paid in tuli.
<br /> � Z.Ct�tma AgYnat TIU�.Oortawer wUl pay sll taxe�,eetetemente,and othet ohergas attrl4uteble to tho property whan duo and w01 defend dtla
<br /> � to the property e�gnlnat eny oielfns whtoh woutd impatr tho Ilon of thla dood of uuet,Lander mey toquire 8orrowar to usstgn any rlghto,otaimo or
<br /> , �, . • defensed whlcN eorrower tlnay heve apalnst perties who aupply tabor o�moteriata to tmprove or melntain tha property.
<br /> 3.Inwt�na�.Borrowor wlil ksop the Oropor4y insurod undor torma nacoptnble to Lendor at 8orrower's oxponoo end tor Lendnr's bonafh. A�I
<br /> �+ �S� inaurnnce potictos ahatl incfude e atendard mortoepe alause In 4avor of Lendor.Londor wlil bo nnmod na losa pnyoo ar uo tho t�isurod on nrry auch
<br /> or�to the so�cu�od debti If lo nideeiProqau�lreesmo�rtpape P suian6e�t Bonower egre�oa�to matnt�einhau h i�uran�for as long es Lendere(equiies�operty
<br /> " 4.Prop�rty.Borrower wL1 keep tfie property in good condklon and make aft tepa!►s renaonabty necessary.
<br /> � ~�, 6.Fxpmss�.Borrowe►apreee to pay all Lendets expenseA inetuding reasonabte eteorneys'leeo,if Bortower breake any eovenants in thia deed �
<br /> � of uuat or in any oMiga�on eecured by Mis deed of uust.�onowor wili pay these amounta to Lender as provided tn Covener�t 9 of thie deed of
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<br /> ' � � ` 8.Prtw Bsaudtv IrK�r�sp. Unless 8oaower flrst obtains Lender'e writte�eonser�t,Bonower will not make or permh eny changes to eny p►lor -
<br /> - � + eecurity intetea�e. Borrower wiQ periotm eli Ot Borrower'e obllgaUons under any prior mortgage, deed of t►uat or othat eecurity agreement,
<br /> . „ �t.,� includtnp 8ottoweYs covenarrte to moke paymente when due. :_
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<br /> ', �, �s� 7.Assiynmsf�t o!R�r��rtd Rofib.8onower assigne to Lender the rents and proffts of the property.Untess Borrower and Lender have agreed , ;.
<br /> otherwise tn writing, Borrower may colieot end retatn the tenta ae Iong as 8or�owe•r ie not fn default.It Borrower defauits, Lertder,Lender's �
<br /> . .�•� agent,or a court appol�Ged receiver may teke possession artd manage the property and cdleot the rente.Any ronts Lender coilects ahali be '��'` ,
<br /> ,.'.�; eppiEed first w the eosn o!managing the property, Inoludin9 court eosts and attorneys'1ees,commiseions to reMat a enta,end any other �!�.,,,
<br /> `� neceasary reieted expences.The remaTning amouM of rents wili then app►y to paymeMS on the sacured debt as provided in�venaM t. ��,
<br /> �.:.�,:. �,{: '.;�.°�.
<br /> 8.LessrNdd�t CondaNnlue�YS Ptannod Unft Davatopma�4e.8orrower egrees to oompIy with the provislons of any lease if this deed of trust ie on �`�:
<br /> .�,�� ��` ` a teaeohold.It this dsedof trust la on a unit in e condominium or a planned unit tleveiopment,Borrower will perform ail of Bonower's dutlea �!p•_'
<br /> �:,�. ,��,;:•,,r;. ; under the aovenante,by�ewa,or reguledona of the condomintum or planned uMt developmeM. ��'
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<br /> " 8,putM�9ty o!I,�ndsv to�adorm tor Bonowar.if Bonower falis to poHorm eny of 8ottowor'e dutiea under this doed of uuat, Leodar may i
<br />� �� ,; r� _;;,`,�'• peAorm the dutiea or ceime tAem to be pertormad.I.ender may sign sarrower's name o� pay arry amouM ff rtecessery for pertorneance.If any �.:
<br />- *�j��• o t 5+'`�i;�:•• ���Y�On pn�yreperty fa diesontinued or not carried on in s reesanab�a manne�,Lender may do whatevor ie neeesaery to proteot Lendgr'a =__
<br />- � � •.,.°g sewrily tnteraet in the property.This may inolude comp:ettng the aonmuetlon. � -
<br />_°•.;;�;d';y,_ ,� lender'a fetture to pe�farm wGl not p►ectude Lender irom exeroEsinp any of Ms other rfehb under the taw or thie doed of trust. ��� -
<br /> Any smounte pald by Lender ta proteot lender's seeur(ty trrtareat witl be securod by thta deed of tru�t.Such emounts w11i be dus on demend �---�-
<br /> � "��ti-3° ; and wUl bear fnterest fram the Jete of the peyment untll paid in full at the IMerest r�te in eNect an the secured debt.
<br />-_ ,�t • -� �_.-
<br />-:,t,�-T^,. 10. O�teuft and AocoUntion.it 8orrowar f�tis to m�ke any psyment when due or breaks any covenants under thls deed of uuat pr any �_=
<br /> oblip�Uon seeured by tAb deed of uuat or any prtar mortyep�or deed of trust.Lsnder meY aeootefate the matwity ot tho secured dobt end ?-
<br />��;_�..�+„��>•,;n�,� dsm�nd imm�dlet�psYment em!m�y invoke the power of sa!e and sny other romadtes permitted by eppilaabte law. _-
<br /> - -� i i.�si Tor iiio6rs�of�'i.ii is tioreLy ietiuszisd ihai Coplx a!!hs noliC�Q!delauli sn!!�hn�wnt tn eaeh gsrson who ts a Qareq ,-_
<br /> ;,��.^v��'°;,�,;�,�� hereto,�t ths sddross af eaeh suab peraon,eo�et fonh heroln. _
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<br /> __,_.� : tZ.PowK of S�H.It tt�e Lender Invokea the power of sde,the Trustes shait tirtt�ecord In the offtae of the ropister of deeds ot eaoh county
<br /> _� ��+��� wh���in tM Vust properry or�oms paR or parcnl�hereot u sltu�ted a notice of Qefeult coM�intn�the intormaUon required by law.The Tructee
<br /> '�. "'i�� � ' {hd alw m�il eopt�a otthe nottee o!defauft to the BoROwer,to eaeh person who t�a wrty hereto,nnd to other persons a�prosedbed by
<br />��_y'=;i��+k�-� � applicable taw. Not tea than one month�itor ths Trustes�ecorda the notice of detauit or two monUu if ths mwt properiy is not U eny
<br /> -_:r.�.°V;��#+ • � ineorporated aky or villapo and is uaed In farmin8 opentton�oertEed on by the truetvt,tAe frostee ahali g[ve pubtte nadae of eeta to the peraons _
<br /> �°=`�t�y��'. ' Wdder If iemqutre�d by�th�e FarmbHOmepstead Proteotio(n Aat,T�e ahalt oNe nth�e DropertY In tvro�sep pate en es aeoqui ed by epp{ihcab e�law
<br /> `'°=���} Truate�may postpone ute of ail or any parcet of the pioperty by publEa announeomeM at the tlma and ptace ot any previoualy scheduted oeie. --
<br /> ''"^° 5`' Lender or ke designea mey purcheae tfie property et any eaie.
<br /> -?h:u.a...i,... �..� —
<br /> �� ;,.� 4^�- Upon roeeipt of peymer�of the pr(ce bid.Truatee ehell deliver to the purchaser Truatee'e deed eonvey(ng the property.The rooitiala cor�tatned in __
<br />""��'`�->-+� Truatee's doed shell be prima facie evidfence of the truth of the statements conteinad thereln.Truetee shall epply the ptoceads of the eate in the
<br /> _-�';;,��;��� foitowinp otAAr: (a! to alt expensea of the saie, inctuding, but not limited to,reeaonabie TNStee's foes, reasonnbie uttomey's feea and
<br /> .,��� � � reinatetemeM fees;lbi to att sums seeured by thft deed of truat,and(o)the ba tance,(f eny,to t he persons Iega i ly e M i t ie d t o r e c e i v e k.
<br /> -_:.,;�1:.:��:_:
<br /> -----•-- 13.Fcnotosur�.At Lender's option,thia deed of vuat may be foreatosed in tho menner provide by applicable!aw tor torecloauro of mortgegea
<br /> --.,,-��--:=� on real property.
<br /> - '-""• "° '�"� 14.Ins Lender may enter the property to(nepeat it if Laoder pivea Bottower notice beforehund.The�oUce muet stcrte the reaeonsbie —
<br /> _ _ _-�; cause r Lendar's InapectEon. _-.
<br /> N �-� ° 16.Cond�rtxnrtlon.Borrower essfg�ns to Lender the proceeds of eny eward or eiaim for damages oonneeted�vtth a condemneUon or other taking _
<br /> -- --- � of eit ot any peR of the property.Sucfi proceeda will be applied ea provided in CoveneM 1.This easignment ia aubject to the terms of eny prior
<br /> z��� security agreement. __
<br /> �v�'�'� 18.WlJvar.By exercislnp amr remedy evailable to Lender,Lender doea not glva up�anY rf8laa to Ieter uae anY other remedy.By not exerctsinp `--
<br /> -_= any romedy upon Bonower's defauit,lender doea not walve eny�fgM to leter conslder the event e defauh if ft heppena egein. _-
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<br /> �'°-""-"`-= 17. Jot�and 8�v�r�1� Co-st�n�ts; Succ�ao» �nd AssFpns Bound. All dudes undor thia deed of trust aro Joim and several.Any
<br /> — Borrower who co•niprse th3a eed of truat but doas not co-aign the undertying debt tnauurreaM(s) doea so on�y to erant and convey that _
<br /> - � 8oaowePa Imereat In the property to the 7rustee under the term{�a�of thla deed of trust.In additton,suah a Borrower agreea thet the lendet end :_
<br /> rt���i de bt wlthou�t tMt BoROV�ie�e conse�nt e t t d w it h ouyt ie tons ing d�a t B on war f am tl ro�r c i n�6�o f�t h i s d e e d o t v u�t f,thta deed of truet or tho aeeured =
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<br /> ,,,<<•:���. The dutfes and benefKs of thls deed o}trust shetl btnd end benefk the suceeaaote and easigna of Lender and Borcower.
<br /> ,-:����e 18.Nolta�.Unieaa othenvise required by tew,eny�otice to Bomwot shail bo givon by deiivoring It or by maiiing it by certiflad meil addreased to � _
<br /> - Borrower at the ptoperW eddtoss or a�rir othor addrese thet Bottower hea givan to Lender.Bor►ower wlll gtve any noUae to L¢nder by certlNed
<br /> '.",,.�. maU to Lende�'a addreaaon Da pe 1 of thie deed of truet,or to any other Rddress which Lender hes designated.Any other notice to Londer shail
<br /> __,_�,P,.,;, bo sent w Lender'e addross as eta t e d an pa8e t o f t h is dee d o f tru s t. _
<br /> '-- � � ',:� Any�oUce aheq be deemee!to heve bsen gfven to Borrower or Lender when given in the manner eteted above.
<br /> - ,V 98.Tt�rtsfK of tE�Ptoprtll o�a BwNfldai Uttmet tn th�Borrowu.If ail or eny paR of the properri or any intetoat In it is sotd or Vanaferred
<br /> -�_?+'��'�" � wltt�out Ler►dar's pdor written conseM, lender may demand immedtets payment of the aecured debt. Lender mey olao demend Immediete
<br /> " �� � �� �� � ' demand Oey�meM in the ebove situetion arft it is prohibked by tedere�tew as of the date of uYs deed af�uatan8terred.Howover, Lender mey not
<br /> - 4 � � �'} • ..
<br /> 2i�.Raomwy�ne�.When t�e obllgaUon eecur d by thia deed of truat has been petd and Lender has no turther obAgaUon to make edvancoa
<br /> " - J� under the inatruments ar egreemems seaured�y thts cleed of vuet,tho Trustee ehai�upon written requeat by the lender,reconvey the uuat
<br /> • ..,._�fCt:� D%pert_y.The Lende�shell deliver to th�6orrower,ar to Bottower'&successor�n Interest,the trust deed end the note or other ev�dence of the
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<br /> ---yT� .-r pp7lgQOVt►aV oastotroN.wniviivi o��m�ya/a.r/.vw.w•�....w..�. - -
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<br /> � � " ,��;;�,� Zt. Suce�swr fr�pt eq�yr at Lender's optlon, may remove Truatoe ond a�point e suaeeasor uustee by flrat, malifng e copy of the
<br /> - �- •- substitutfon of uuei6i Qqbif�d by appliaab�a lav�r,and then,by flting the eubstttution of truatee tor record in tho ottice of the regfster of deeds
<br /> of each county in wh�e trust propeny,or some part thereof,ta sltueted.The sueeessa trueteo,without conveyance of the property,shoil
<br /> succeed to all the power,duNes,authorlty and titie of the Trustee named in the deed of trust and of any successor truatee.
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<br /> . � BANKERS BVBTfMB.�NC.,6T.ClOUO.MN 88501 l7$00-387•23471 Fi7RM OCV�#ATO-NE 8118/01
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