|
' { 1�1 ��.���&3��s�� .a;..,.-..—�- �{ .. ;, - -------._u. ._.._�_� _. , -
<br /> F4�rt�� - 1'+j-�i �'�� ) �tv�.I��i,.. ���•�}- J ��. } ?t� .�J�,.�t.��il,`,� �9}. '�r � �� _,
<br /> � ' (- �ti, 15�<< Yl � • , + � � I�� �� .
<br /> , � � , . . �.. � .��•'� ' .kt.':. • i
<br /> ' '�� ,•� .- ., .. ' I
<br /> _ _ . 'Ai�:, - �<:°�'..
<br /> .� �� . , ' • ..I . �, •
<br /> µ�... � . • , _ . ;?�k�lf� ..�`c(•
<br /> . , -;.,stri+f+r .. . ._�...._,.._.... .__� .
<br /> -.. - _.. . , ..wl!��T '. __L_'_'._._......
<br /> . __�.iL�._.�-__._1. � .. .. ......._ .. ..__�..._�.�_ ..�..�_�.��.___.._....�.�-. _ .
<br /> �.�_�______.....�_._.�., ....� .�.l�n.�..
<br /> COVF.NANTB 9 5• 10'�7 � �
<br /> 1. Pa�tns.8orrower agreea to make ati paymonta on tho nocurad dobt whon duo. Uniooa Borcower aml 1en08r agrue otherwlse, any
<br /> peymento Lender recelvee ftom Borrowet or for Borrower's benoflt will be epplled first to any amounte 6ortowet owes on tha secured dobt
<br /> - • not educo or�exe nu e e yt�saheaduted payme�ttunUt t18e 6eeutod debt fs�peld in t�le� �epaymnnt of the aecured debt occurs fot eny roason,it wlil
<br /> 4.C1Qm�Apttnst Tltl�.Bor►ov�or wi I pay aIi taxea,aaseasmeMS, end other ahargea etulbutebte to theqr operiy when due and will defend tiUe
<br /> detente6 whl���orrower miy havs�iinrt��pudtte�who euPPb Intr�or ot mKeridi to 1 iprov arymiinttin Bthe�propenlla����any rlphts,claime or
<br /> 3.taaurw�ao.Borrowor wIll kaop th�prop�rty innurod undor terma eeceptebte to lertder ot Borrower's oxpeneo and for LondaPs bonofit.Ail
<br /> ' inaurence poticias�he�i inelude a etandard mort ape cisu�a in favor of Lendar.le�der witl bo�amed ao loa�Rayea or ea the insurcd on cny cueh „
<br /> • o to rne°ear°�eb ae���i�ia der equ(ros mcrtg�e i s,uranc�e 8'0 on wu�aprefos tomifntain such Inauranca for ea tong ea Lendera equirea ropetty
<br /> „ :� 4,prop�rty.Borcower wlit keep the property in Qood eondidon and meke aY repalrs reasonebly necessarl►.
<br /> r"� .,., 5,6c�ntp,8onower agrees to pey ait Lendar's expensea incktding►eeeonable ariorneys'fees,if 9or�ower braake any covenpritt+in this deed
<br /> ' of trust or tn tny obtigetlon seeured by thin deed of truat.�otrower wili pay theae emoums to Lartder as provided in Covenen4 8 of thta deed of
<br /> - uust.
<br /> . Be urity IMaroats�8�on wei�will per�fo�rmW allno�f�8onolw��o obllgetio aeunder any�p tr o(i�mortge�g�end�d of�uust ot oattiei�sea�irity epreemetirc, .
<br /> Ineludtng Bonower's covenants to meke peyment�when due. • ..
<br /> ` �,Asfion�nt of R�nq and Prottb.Borrower asaipna w Londer the rer�ts an�proflts of tha property.Unbss BoROwer and Lender ha��der s
<br /> otherw�ae in wridng, Bonower mey coileat and reuin ttte ronte rs long as 8onower is not in defeuit_H Bortower defeuhs, Lender, ;, �
<br /> � .,,. . epem,ar a court eppolnted receiver maY t p o���cludin�g Cmoutt coe�and etWrneye cfe�es�eo�m��r s�i�er�itat eneerrte end any�other ;,
<br /> • epplted Nrat to the aoste of maneptng the '"'
<br /> � neeeaserl►�etated expensea.The remelMng amount of rents will then apphr to peYmerrts on the secured debt ao provided In�venaM 1. x _
<br /> . �;,_-
<br /> - - - -- � 8.Le�ahoidts CondomWumsi Plwud Udt OovNopm�r�o.Bortower agreas to camply with the provislom of q ny Ieese it Mis deed of trust ia on
<br /> a tses�hoid.It this deed of trust ts.on a unit in a condomintum or s pinnned uMt development,8onowu wll t pertonn at1 of 8orrower's duties =@::
<br /> � uader ttse covensr►ta,by�lavre,or ro8ulattona of tlie eondomtnium or pienned un(t devetopment. ��
<br /> 8,pu�w�ty 4}und�m por(orm tor Borrow�r.it Borrowor fatts to�rerform erty o4 BorRpOawer'e dudaa ureder thia deed ot trust. Lender may .
<br /> " `'' a�on�atr�u�no on��►epr�operty K d ii c�ortdnuRedor�cimT ed on in e fronw eble menner,lat�der�may do whtteverf�li necsssa►Y t°Oroteot Lertd°rs _�
<br /> security irrterest En the ptoperty.Thia may inctude aompleUnp the eo�truoUon. 4'`:�"'•
<br /> ��•�x ', LendeYs taiture to perfotm wfU not prectude Lender fram aza�daing any of ite ather rphta under ths yw a this deed of truat. {a'
<br /> An1►amaurm peid by Lender top�otect Le n der's seau r h y�M ere a t w i l l b a s e a u r e d b y t h l a d e e d o t tr u s t.S u c h a m o u r n e w►I I be due on demanA .,:�
<br /> .. �,r. i'.-`
<br /> . � and will bear intereat Irom the dato of ttts paYment urrtfl peid in full at the i�erest rate in effect on the secured deht.
<br /> �p, p�}��nd paeNKatlon. If Bonower faits tq meke emr payment when due or breaks any coveiunts under this deed of tncet or any �•.'�`
<br /> -.� �:: obQpetion sewred by this deed of trust or eny pripr mortpaqe er deed of truat, Lender may ecbcetaers�ble taw��f the cacured debt and ���_
<br /> .,;: d e m e n d immedfate pa y msM and may invoks ttfe powe►of eals and any other retnedlea permittea
<br /> '�' 11.RWu�st ta Nalte�of O�tdG ft is hereby requeated that copbs af the noneea of defisuh and eaie ta sa�si ta sac�F�fl�►�����'"m' _
<br /> ' •' her�o,at the address ot eaeh euah pereon,as set foKh herein. �_-
<br /> '� �,�,po�ns of gaN,1t the tender Imrolce�the po�ver ot ea►e,the Truatee ehaU flret rocor0 t�the otNee ot the re8tete�of deeda of sach aowny =�
<br /> � '�� wheretn the trust property or some part or pareet thereof is eituated e tarice of defeuk corKainin0 the i�ormedon required Dy I�w.The Trustes _
<br /> � sha11 also mdl coDfes of the�otice ot defeuh to ths Bortowet, to oach person who ts e party hetetn.md to other P°no�as e�mtbQd by =.�.
<br /> s not in eny ��
<br /> � • S� appticebte taw. Not less thnn one moMt►after ths Truatee records the notke of de�tt�N�two�t,�puDite no�ce of eela m the peraons
<br /> 2 incorporatad eity or vlit�ge and is used tn farminp operaUons onrrFed on by the trusror, T —
<br /> � � $ snd i�tfie menner prasaribed by epppifaab�e taw.Ttuatee,wid►out demend on 9orrowsr,shsl�selt thu proportY at pubtta auedo�to the hfphoat _
<br /> ;,_�;.;;,,,.�, , bldda►.tt roqutred by the Ferm Homeatead thoLeatton Aat,Truatee eheU offer the properri In two eeparrte ae�es ee requlred by appilcabts taw� _
<br /> Trt�tee msy poatpone eaie of ait or am pa�et ot the properiy bY Dubiio announeement ef the time and plece ot any pteviousty scheduted sate. --
<br /> ,r�-�.. Lender o►He destp�s may putchase the property at arry sate. �'--
<br /> '�o°`�- �'"�`"� tlpon roceipt ot paytrteM of the price bid,Trustee eha11 delhrer to the purchaser T�uKee'�deed eomroYinpthe property The rsdda►s co�ttained in
<br /> `::�i' ;`"�'"'� Trustee's deed ehnll be prima fade evtdfenca ot the VuM of the srnemeMS eoMained therein.Trustee sfult apply the Proceede of the sals in the
<br /> :��•�r":_• foltowinp order. (a) to aB enpensea of the eele, induding, but not Iimited to.roasonebte Tru�tes'e feet, reasonabte ettaney's iaoa and
<br /> �-���+.-�r '' �� r e i n t u t�meM fees s ibf to al►sums secured by thle dead of truat,ar►d la1 tha balenea,if aml,to the persons tepally eMitied to recelva h.
<br /> -��,`,�;Y_ � 18,pqr�dopx�.At Lender'e option,thia deed of trust may be foreclosed tn the mnnner pmvtde by eppYCable lew for Poreciowro of mortyapas
<br /> �=::;�;T,qy�;" . on roat property.
<br /> :._�._...Y —
<br /> _���t -q� �4,hup�tlo� Lender mey e�Ker the property to inepeat k tf Lender ghrea 8orrawer noUcs before�.The nodes muat state the roasonab e _
<br />___-— T �`�;c eause for Lender'e inapeetion.
<br /> _-_��;
<br /> -.-�*r.•5: tg,Cp�nntqon.Bortovrer assi ns to Lender the proceeda of arry awerd or ctalm for demepes connacrod wlth e condemnation or other tek�np
<br /> - '� '°= seqir�a�emeM�e pr������proceeda will be applled ea provlded In C�venam 1.'mie eaefgnment is eubJeet 4o the terms of any prlor
<br /> �' , c_
<br /> -L-:��:,.�,�:,.�. 18.W�iwr.BY exe►oiting any remedy av�IIabte to Lender.Lendot does not giveup enY�tghte to teter use an�r other rsmedy.By not ezerdsind ��
<br /> ,, �:"`�;� eny ramedy upon Borrower'a default,Ler�der does not wsivo amr�igM u Ieter conaidor the eveM a default If k heppans aeetn. --
<br /> ........t:.y.�
<br /> ':.�:.:�''' 17. JoUtt�nd S�rsnl��� Codlym�s: Suawston �nd Aut��Baund.All dudes under thia de�d of uuat are Jolnt and sovani. Arry
<br /> �s° Borrower who co-sipns thte deed of uwt but does noi co-atpn the underl n0 debt inatrumant(e1 does eo only w erant end convey that
<br /> --- ��• Bortowar's IMero�t in ths propertY to the Trustee under the terma of thla d�oTtrus�te additton sucA s Bonower eprees that the Lender and �
<br /> •`''^"��=��• anY other 8onower under thb deed of uuet mey extend,m9di�y or mako enY athnr chenQea En t�e tams of thia deed of trust or the secured _::
<br /> f�.^:!'r�•""�"'.", debi wkhout that Bortowers cor►ae�rt and without releastng th�t�orrower tram the terma of Wa deed otuuet.
<br /> ��,_e'/H_�T:I:. .1 �. ���.._-
<br /> `�'�,:LL•;�-�`-- TAe dutiea and beneflts of thfs daed of trust shsli btnd and benelit the successors u►d esaigna of lendar end Boerower. _,.
<br /> - .� .,t.r;4�q.: '
<br /> - �- 18.Notla�.Untees otherwlae required by law,eny ootlae to Borrower ehetl be given by delivadnp h or 61f_maiting h by certifled malt addressed to �`_-
<br /> - ' `.•c�� g p rt o r a e r e t t h e p rope r t y addrosa or amI othe►addroas that Borrower haa 9ivan to Lendar.Borrower wm give atry notice to lendei by certifled -
<br /> � mait to L.endePa ed a r ess on peee t of t his dned of trust,or to eny o t h er a d d ress w h t c h len der h e s d a s q n e t e d.A n y o t h e t n o t i c e t o L e n d e t�h s l i -
<br /> � . �` be seM to Lender'e nddreas a�state d on page 1 o t t h la dee d o f t r u s t.
<br /> � � �� Any notiee ehatl bo deerted to have been given to gortower ar Lendar when ghren in the manner st�tsd ibove. .;:�;
<br /> ` 19.TranstK�!t1N Prop�rty or�B�flcid b�qnst fn t)N 8aroww.It ap or em►Part of tt�e pro�rty or any iMerest In it is aoW or transferted ��
<br /> �� ° ° � without Lender's prior written eonaent, Lender rrtsy demend immediMe payRneirc of the secure�d debt. Lender may also demand(mmediats �i
<br /> � � payment M the Bonower is not e neturatpe raon arsd a boneflolal fnterest!n the$orcoviter is sold or traneferted. However, Lender mey not �:.
<br /> : � demand paymeM In the above skuationa If R fa prohibked by federai Iaw as of the date of thia deed of aust. �
<br /> 20.R�conv�yancs.When the obitgadon sacurad by this deed of vust has bee�paid and Lender has no turther obltgation m make advanees
<br />- under the Instrumerrcs or aBreemente secured by thfs deed ot 4ruet, the Trusteci ehffif upon Nrcitten request btr the Lender,reconvey the trust �`
<br /> �'=-��` .,...�,o.n..tne teneer shalt dnitver to the Bottower,or to Borrowet's suaeesaor in Irnerost.the trust deed end the note or other evidence of the
<br /> . ° oblfge8on so saUsfled.Borcower sheli pay am►reaordadon coats.
<br /> 21. 8ueeasor Tmst�s. Lender, et Lender's opUon, may removo Truatee and�appoirtt a suceeasor truatee by flrst, mafiing a copy of the
<br /> aubstiwdon ot uustoe ae required by applloable lew,and then,by fliln Me substitutton of trustee tor�eco►d In the offlco of the registor of daoda
<br /> su ec eedo et�the power,dutie eudior�kyn en�d Ude of the Ttuseteo nem�in�dio deed of u�us�t�a�nd6of any u�ssw uustee�f the property,shafi
<br /> lpage?ol?1
<br /> . U BM{KERB BYBTEMB.NiC..8T.CLOUO.MN 68901 I7�800-987•2341)FORM tlCRMT6NH 8118rt/t
<br /> - 1
<br />
|