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<br /> . 1. Payrrter�. Barowor OptOOfl t0 mnko ati aymonts on tho now►od dobt whon duo. Unloae Borrower and Landor agroo othorvvleo, ony
<br /> paymeMe Lender raeoivoa from Bor►ow�v or�or Banower'e benefk wRi be appIled flret to my emounte Bo�tower owoe on tho aoourod dobt
<br /> exatua�vo of Ir�toror�t ar princtpet,second to intereat,ond thon to principat.It pertiet propayment of tho eoaurod dobt occure for any roason,it wlll
<br /> not reduee or excu�e any sehaduted peymont untll tha eacured debt Is pald In tult.
<br /> • 2.Cletm�Apynst 4hle. 8orrower wili pey atl texos,aasoasments,end other cherQea emibutebte to tho proporty whon Auo and wlll dofend titlo
<br /> � to tAe proparty epatnat eny a�aim�whlon would Impair the ile�of thlf daod of truet.LondQr moy roqulre eorrowar to oaoipn ony riphto,alnimo or
<br /> ^ defen�es whieh 9orrowar may hw��a�init partles who�upply I�bor or m�tetlals to Improve or maintaln the property.
<br /> ` 9.tnaurerece. 8onower win keop ths propeny fnaured under terms maeeptublo to Londor at Borrowor'e oxponao und for Londer's bnnoflt. Ail
<br /> ' �� tn�ur�nco po icies�hell tnatud�e ttQnd�rd mortaeae otau�ln avor of Lender.Leqdor wlll be n�med es ias�peyee or ea the in�uted on any euoh
<br /> � ' imur�nco po�tay.Any Insurenee proe��ds m�y bs�pptl��,wit�ln Lender'�dlseretion,to eltNu the re�tontlon w repdt of ths d�mtged proporty
<br /> � ��„ or to ths teeurad debt.tf lender roqu rea monpaQe Inwr�rto�,Borrowe�op►eea to msintaln such tnturanao tor e�lonp es I.endor requlroa.
<br /> - 4.Prop�rty.Bottower wQt kesp the properiy In pood aondltian end m�ke tli�epsir�re�aonably neees�ary.
<br /> �'^'�� 8.Eupe►s��.Borrower a�reos tn pey�II Lender'�e�pemas Inatudinp fetsonebls attorneyo'teei,if Borrowor bresin any covenents In thfa deed
<br /> ��_�•� "'' " ot truet or in any obilpauon�ecured by tM�deed of tru�t.�or�ower wttt pey thaso amount�to Lendot et provtdad ln Covanant 9 of thts deed ot
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<br /> ->> 8.Prta S��y!rtqn sb.UMe t Borcower fir t obtaim lendor•s written conseM,Bonower will not meke or parmk eey ahenees to any pri4r
<br /> aecurtty IMareats. Bonower wil�paRorm ell o�Bottower'a obllgaUons under any prtor monpape. 6eed of tru�t or other saeurky aaroemenL
<br /> inctuding BonoweMs eovenerRa to make paymenu when dae.
<br /> 7.Aatt�rt�e�o4 R�aM P�otla.8onower easipns to Lender the rer►te end profite of the property Unteas Borrowor end Lender have agreed
<br /> . otherw si"e tn writing,Bo�rower msy co�teat and retatn the renta ea long as 8orrower is�ot in defauft. If Bonower detaults,Lender, 1.8I1d8P'6
<br /> • ageM,or a eaurt appoiMed reaelver may take poasession ertd manage the propetty and coiloot the tersis. Any reMe Lender colieata shali be
<br /> appiled flret to the costs of maneginp the property, including court costs and ettorneys' tees, commisatons to reMet a9ente, and any other
<br /> neceaeary retated expenaea.The remalning emouM af ronte will then epply to paymente on tha sec�red debt as providad in CovanaM 1. .
<br /> � . 8,t�as�t�oldet Condo��ns;P'i�nsiiA tJ�'iit OavatopsK.'�.Ooefowet agreon to compty with t!�provt�fona of any lonso if thla daod ot vuet le on
<br /> � a leacahotd.If thia d�sd of truat ia on a untt in e eondomfnlum or a p7gnned unk development,Bonower wpt perform ell of Borrower's duttes
<br /> • i under the covanaMe,by-taws,ar ropulattons of ths eondamintum or ptanned unk developme�rt.
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<br /> g,puthor(ty of Lendu to PMonn tor porrowe. �f Borrower falla to�perform any ot 8orrower'e dudea under thfa deed of truat,Lender mey
<br /> „ ,, perMrm the dutiea Ar cauae them to be pertormed.Lender may stgn Borrower's name or Fay arry amount If necossa►y for performance.if arry
<br /> ' . eonatruetton on ths property is dbcoMlrtued m not oented on in a roasoneble menner,Lendor mey do wt►atever ts neceaaary to prouat i..ender'� ;�;
<br /> seaurity interes4 In the property.This may include eomplettng ttte eonatructton. ``~'
<br /> '"' �' lendera faituro to Qertorm wQl not prootude Lender ttom ezaratsing ar►y of its other�tgMs under the lew or this dead of trust. '
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<br /> � AnY amour►ts patd by Landpr topro teot Lendere security tMereat vriii be eecurod by thto deed of uuet. SucN emounts wlit be due on demand �,�„�
<br /> anq wtll bear tntereat t►om the dete ot tha paymeM until peid In tuli et the irnaest rete in effeat on the aeeured dabY. =;�
<br /> 1p, p�tatdt end Acadarodon. If Borcower fella•o make eny payme�t when due or breaka arry covnnarKa under thia deed of trust or sny -
<br /> obiipaUon ssourod by thi�deed of trust �: ury p►ior mortgap�ot deed of trust,Lendo�may uabixlapp lae le law�of the sew►ed debt snd -_-
<br /> ' � demand Immediate peymeM end mey invake the power ot seie and ary other romedles permittea _...-
<br /> r �.'=`�. 11.R�qtnst tOr Notic�of�Tauh.�it is itetecy requeaiad ihei copiea ofi tiro miiiars irP doiouG 6�ti ssis tfs setii ta saCtt ps.'sGn v.'ho ts a aast't --
<br /> ;- . hereto,at the eddress of eacb sucb person,as sot forth herein. ---
<br /> the T�uatee shnll f(tet reeord tn the oNtce of the reglster of deeds of each county �
<br /> ` 1Z.Pow�r of 8tl�.If the lender invoke8 the powRr of sete, -
<br /> • whetein ths truet property a sams peR or parcel thereof is situeted a notice ot defeutt coMalNng Htl►e Information roqufrod by law.The Tntatee -
<br /> ehalt atso meit coptee of the notice of default to the Borrowet,to each pereon who Es a perty hereto,and to aUfer penona aap�eac►tbed R�y �
<br /> .. ���•����. applScabls law.Not less than o� rnornh after the Trustee recorde the noUce of defauk ot two moMha N the truat properiy Is not In any r;
<br /> .,;,�• . incorporeted city or viliage and it used In ferming operaUona aarried on by the truetor,tlie fntatee shail give pub�la noticeot eale to the peraona
<br /> ��• and fn 4he manner preacribed by eppaloabio lew.Truatee,whhout dema�on Borcower,shali seli the proporty et publie suatton to the hiphest �' _
<br /> bidder.tf required by the Farm Homeatead Proteotlon Aat,Truatee eheli offer the prapertv In two Beparete safe�aa requirod by appUeabie lew. �
<br /> :':�r •.r -- ,.••�.-+� T►ustee may poatpone sale ot alI cr eny pe►cel of the prop�rty by pubtia anrrouncement et the time and piace of arry prevlousiy scheduled entm, �
<br /> �,,.,. „� Lender or Its daslgnee may puraheae Uro pmperty at any eaie.
<br /> -+�•�•��•����:�:,: � Upon reeeiDt of paYmsM of the prlee bid,Trustee shaU dativer to tha purcheser Tmatee's deed conveyi�the property.Tha reoitlats aontdnad In
<br /> -_-_.ti•-�.-•�= " Tntstes'p deed thali 6e pdm�facie evidlence ot ttw Vuth of the statemonta eoMefned therein.Trustee s alt appty the proceeda of the sate in ihe
<br /> `��' ' '`" � '?`� � roroln�stetemeM teesa�lb)to�Il�sunumsear d by th��deed�truetb and to)�U�e balane�er ifsonable Trustee's tees, �essonebte ettomey's feea and
<br /> t 4h- ny,to ths person9legally emitled to receive It.
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<br />=a�.,,�,� 19.Fonctnwn.At Lenders op8on,thls deed of truat mey be to►eciosed tn the manner provide by applleeble law for torectoaure of mortgepea
<br /> ,�z�='_:z.�._ on rod property. -
<br /> �^�-��� 14.qa�� Lender m�y er+ter the property w inapeat tt if lender gtvea Borrower�otioe beforohand. The r►otice muat stete the reasombfe �°:�
<br /> -'�"_'°�'��,1�i. cause of r Lender'e inapeatloo. - -..
<br /> .;��t.
<br /> -_���x 1g,Condwmitlon.Bonower aso ns to Lendar the proceeda of any award or ctaim for dnma ea conneated whh s condemnetFon or othor taktng _
<br /> -�•- ot al!or er�y part of t!ro property�uch proceeds will be epplfed es provided in CovenaM 1.�hta aastenment ia su�jeat to the torma ot any prtor
<br /> eecurity apresmem. fi�-
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<br /> _.-_�'"��': 18.Watv�t.By exerctsing eny rombdY eveileble to Lender,Lender doea not gtve up enY rlgfite to later use anY otha remedy.By not oxetdtie�p =-
<br /> `.,..�� any romedy upon BortoweYe deteutt,Lender doea not watve amr�tqht to Iater conatder the vveM s deteutt k it heppens aqtln. -_
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<br /> -_=�!y.•;;���; 17,.loint�nd S�v�ni WDNttr;Coaly�ra; Suaeason�nd Asalpns BowW. AII duties under thts deed of truat ere jolrn and aeverat.An� �
<br /> •- Barrower wAo co-alpns thia deed of uuat but doea not co-alpn the underivin� debt InatrumerK(a)doea ao onty to prant snd corwey that r_
<br /> _�nsar��•'�, Bonow�r's Inter�st in Ms property W the Ttuatee under tha terma ot thia deed o trust.in additton,suah e Bottower aaroca thet ttro Lender and 6;
<br /> .,;,j��� any otMr BoROwer under thts deed of truat may extend,moditv or make eny other chan�ea In the terms of this deed ot trust ar Me securod �_
<br /> _���,_,,,.� debt wiUaut th�t Bwrowar's eonient end wkhout roteaatng that Barrower t►am tAe terms of thls deed of uuat. , rr,��
<br /> �.����` Ths dudes and beneflts of thla deed of truet shali btnd and benefit tlie eucceasore end acatgne of Lendar and Bonower. � ,,
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<br /> -_ '�•� 1Q.Not1w.Unieu otherwlee requlred by lew,eny rrotlae to 8orrower shali be givon by detiveriny It or by matitng h by eertifled mali addreased to
<br /> ,_ �.� 8orrower++t the propeny eddrese orar►y other addre�e tAat Bonower hua gtven to Londar.Borcowar wIU giva erry notico to Lond�r by eeRifFrd
<br /> =:` mell to Lender'�eddresa on�ape 1 of tffls deed of trust,or to eny other eddrose whieh Lender hes deaignated.Any other rtotice to Lendar shatl
<br /> ,�,. � be serrc to Lender's addreu sa stated on papo 1 of this deed ot cruat.
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<br />- • '�, Any nottce aheti ba deemed to heve been piven w BoROwar or lsnder wAen given in the manner steted ebove.
<br /> 18.Transhr oi tM Proprty or�B�nMef�l int�r�st In 1M Borrow�r.lt ail ot amr paK ot the property or ony intereat In ft i8 cold or tran�torred
<br /> , , wkhout LendeYs pdor wr�ttsn consent, Lender mey demand Immedtate��eymeM of the securad deDt. Lender m�y niw demand tmmediate
<br /> � domand paymorn in tl�e ebove�efaiatto�i�a�It ft is proMbked 0y tederal e�w ea of the daRte�of�fe deed of or�e enafened.Mowever, Lender may rsot
<br /> � -� 20.R�otiva�aoet.Whan the obligation eecurod by thle deed of trust hes been pald and Londer hae no further obilgatlon to meke advencea
<br /> � under the lnstrumente or agreements socured by this daed ot truat,the Truatee shaif,upon v�rcitten request bY the le�dor, raconvey the uuet
<br /> " _�.,��i' proyerty.The Lender shali detiver to the Borcower,or to 8ortower'e suecesaor fn IMereM.the trust daed and the noto �othm evidenae ot the
<br />-... . , �r-'.. � 04j1Qslipn ap 6�t6itep.Oortvwvr snan poy miy ioi.viv'saNi vviio. -
<br /> 11. 8ueesssa T�u�. Lender,at Lender's'o�Uon, mav remove Truatee and appotr►t e suceessot Kuatee by tlret, malilnp a eopy of the „
<br /> subatitutEon of watoo se requtrod by epptionble aw,and then,bY flilnp the substitutton of truatee tor record in the office of the roglster of deada
<br /> of aaeh county In whlch the auat Rroperty,or some part therooT,ie situatod.Tho succassor truatee,wlthout corneyance o4 the property,eha�
<br />- _, •• eucceed to ail the power,dudoe,nuthority end tlUe oi tt�o Truatee nemod fn tho deed of trust end of eny suceoaeor trustee. �
<br /> � ""�� fDage 2 0/y
<br /> � � . , BANKEBS BYBTEMS.�NC.BT•ClOUD,MN 68101 tt-600�.187•IJ111 iORM OCRMT(iNE 8/18181
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