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<br /> , � .n COYENAN48 �5_ 1p�,�9
<br /> . 1,Paymottts. Borrowm agroea to meko all payments on the se ured dabt when duo. Unloas Borrower end Londor agree otherwise, a�y .
<br /> peymon!o londer receivos hom 8orrower or ior Bonower'a bonaf�t wlll be ap �lad tire4 to any amounts 8orrower owes on the seucrod debt ..
<br /> not f oduco or exeusa cny�schsaduled payment untli�e�6ecurod debt le�pa�id In���prupoymont ot the aecured debt occure tor any roaeon,it wtli
<br /> xo th��opE�at�(nst eny cUlmi u�ihtch wou+mpik�chs tlen of thii diedeof aun Lend�er mey requfis Bo ow e to isttpn any riphb Bct,imi or ,
<br /> dofanaea wht��or�ower may have age4not peR es arho eupply Iabor o►materiela to improve or mnintaln tha property.
<br /> 3,tnsar�a�.8orrower wiU keep the property ina�ered under term�eeeeptebls to Lender at Bonowera expenae and tor LerMe►'e beneflt.All
<br /> tmursnee potlote�ahati Inotuds a surtdaM mortp�Qs otauss in favor of Nndsr.Lender wiu be nemed as bse payee or sa tha fnsured on any such
<br /> . cr�toihe ssciirdd doYht�If Lenderp6quirees�morteape t suian�BoR wet aB o�ea to metntaln�such Insuran�tor es lortA�as Lender roquires ro��
<br /> l"�`r=r'�" 4,propKty.Bortowo�will keep the proporty tn good eondiUon and mako aN ropatra�ee�onebty neeessary. •.
<br /> � A� B,Expnsa.Bortower e�rees to psv aU Lendar'e expennea Ineluding reasonable ettorneys'teeo,it 8orrower bresks any covenenta in thte deed
<br /> ot uust or In eny obliQetton secured by this deed of irast.�ottower wilt puy these amouMS to Lender as provtded In Covanant 9 of this deed of
<br /> .. ttuit.
<br /> 8.Prria 8scurtty�nt�nrts.Untess Hottower Nrst obtafna Lender's written eonsent,Bortower witl not meke or permit amr changes to any p�Eor
<br /> securHy interosb 8ottower wiil pertorm all ot Borcower'e obligeUona under any prior mortgege, deed of trust oe other securfty egreement, ;,
<br /> inctudinp Bonower'e covonante to meke paymerrcs when due.
<br /> � 7,pafl�wrt of R�nri ero1 Profltr.Bonower assigns to Leruder the�ents and proflts of tha propeRy.Untess 8orrower and LenQer have agroed .��
<br /> ' � othaTw af e tn wriUnp.8onower may co!leat and rotatn 4hn�ente ne tonp aa Borcowar is rtot in default.If Bortowar detauits,Lender, Lender's .:.
<br /> apent,or a eourt appo(Med reafvm may take possesalon artd menape the property and eolleat Yi�e reMs.Any renu Lender colleats shnl�be •,r�E�
<br /> � sppited flrst to the coste of managir�the property,tncludtng couR costs and attomays'feea,commEssiona to retnei a ente, and any other k.,-,
<br /> •• - naeesaarq re�eted expenses.The�emaTnfng amourrc of�oMa wtlt then uppiy to peymeMS on the saeured debt es provided in�venant t. �:
<br /> 8,��uMWds•CandqaiNumst PlannM UNt O�vtiopm��ro.Bortowor agreea to compty with the provisiona of any lease it this deed ot ttust is on
<br /> a leasehotd.1�thla deed of uuat ta on a unit in a eondomiMum or a plonned unit development,Bonower wilt pertorm all of Borcower's dudes ��-
<br /> � under the covernnts,by-taws,or�epulaUons of the condominium or planned unit deveiopment. �
<br /> �� g,��o}��m pKfom�tor BonowK.It Bonower fafta to�e►form any of Borrowor's dudes under this deed ot Liuss,lsnder may �°
<br /> '� pertorm the dvtiee or osuse them to bs perfarmad.Lender msy efpn eoaower's nune or psy ar►y amour►t tt rretxsasry tor performanee.If aqy —�
<br /> conatructton on thapro perhr ts discortttnued or not aenied on In e roasona4le mnnnor,Lender may do whatever ia necesarlr to Droteat LendsYs F•�
<br /> ,.. � security IMerest In t[u propeny.This may inetude eompleUnp tha conatruaUon. ['""-
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<br /> • " ;,� ; Lender's taliuro to perform will not preetude Lendtr trom exerctaing any of ks othet Hghts undar the IAw or this deed of trust. �=
<br /> �,. � ee0 w(U�boar tnmrea�t ho m�ia da e o�ths paqnen�I paidn in f�ull a thle IMei�a�taabta In�efho�on�sQwsirued daDW���due on demand �_-`
<br /> 10. O�fault�rM Aea�Mr�don. If Borcowar fatia to make any peyment when due or breaks anlr covenama under thia deed of trust or anY —
<br /> � � - . obiigatton secured by thts deed of trust or ar�y prior mortpege or deed of truat, lendermey a�eeterote the meturhy of the aecured debt and
<br /> - �.,_, ����y����y imr�kw ths power of eate end anv other remedies permttted by appltoable tew.
<br /> L � herem,�at�addr�of ea�c�h�pe�rso�n,asyseet f�here n.�piea ot the notices of defauit and eale be seM to each perean who la a pariy _
<br /> " iZ.PowK of 8�1�.If d�e lender imokea the power oi eale,tfio Trustee eha(1 first roco►d in the otfl�e of the roptater of deedt of eseh county
<br /> �� �' wherein the uuat property ot eome part or pereei thereof ie eituated a notfce of detauk aonteininp the tMotmation reguired by lew.Ths Trustee
<br /> r ehatl also matl copies of the notfce of defauft to the Battower,to eaeh parson who ia a p�rty heroto,and to other peteons aspns cribed bY _
<br /> � spplicable lew.Not leas than one momh after the Ttustee recoMs tAe notice of defnult or two momha It the trusC property b not tn any _
<br /> ,;;:; � incorporated chy or v(Ii�ge and is uaed in farmirg operadona cattied on by Ehe truator,tl�e fniatee sheil pive pubila nottcs of s�b to ttfs pWSOns :_
<br /> __ ,�,� arM in the manner prescribed bv appplicabte Iew.Trustee,widwut demend on Borrower,ehnU aeli tba propert�r et Publia auation to the hipheat _
<br /> ^ bidder.It required by the Farm Homestead Roteatlon Aat,Troetee sheit ofter t!►e property in two ceparats se ss ss►eQutrod by appiieabte taw.
<br /> • ^��+TM�-.� Truatee may poatpone saie of ali or any percei of the propertlr by publta announeemeM at the Ume and place of any prevtousry acMduled s�b. �:..
<br /> ,,,�_ Lender or tts desipneo may purchase the property at anq eale. _,
<br /> '"`'�:`':���;. Upon receipt ot paym e�t of the price bid,Truetee shatl deliver to Ure purchaser'truatee's deed eonveying tho property.TNa redUak eorttained in
<br /> �; �'� � Truatee's tloed eheit be ptlmu fecte ev(dience of the uuM of the atataments eoMafned theroln.Trustee sha(1 epply the praoeeds of the eate[n ths
<br /> � toliowtng order.ta) to ell expenaea of the sate, inctuding, 6ut not Iimkad to, reesoneble Trustee's teea, roaaonahle atmmeye tees and
<br />:�mi'*_�_�,' ,' relnstetemeM tees:(b)to atl suma aecurod by thia dend of trusc.and(ol the baiance,if anY.m the penone tepapy entltted to reeelve R.
<br /> - — ?�""'� 13.Ronclown.At LendeYs option,this deed of trust may be toreelosed!n the manner provide by eepliaabte tew for foroctoaure of moRpapoa
<br /> '.w_.'_�..'G�`�';l an reai DroPertY•
<br /> =���� 14.Int�an.Lender may cnter the propetty to Inspeot k if Lsndet gtves 6ortower nottce befotehend.The notica must stata the rossoaaWs
<br /> ���°_�'-'—='-'°�i0°"_ ceuss or lenders inspeotion.
<br /> =:=;�;'� 18,CondorropWon.Bonower esefg�na to Lender theDroceeds of any award or ciaim for damage�a com►eated with e condemnstion or other ukinp
<br /> • '" ot a�l or any pert of the property.Sueh proeeeda wUl be apptled as proWded in CovenaM 1.7hia ssaipnmeM is subjaot m tho terma of any prtor
<br /> -- ..�+-;° securtty egreement. . _
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<br /> =__-..x;�=- 18.Waiv�r.8y exerdsinp eny rem ava{tebte to Lendar,Lender doet not ghre up any Hghta to tatar uae a�r other remedy.By not exerctsirg _
<br /> � :-_w•`. � - ern►remedy upon BorroweYs detault,Lender does not welve eny ripht to tater consider tha ever�t a defauit if h happena epein. -
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<br /> - 17. Jotnt and S�rKal U . Cooi{�a: 8ueausors�+d At�tOnt Ban+d.AII duNes under this deed ot trust are Joint artd sevatel. Any 4
<br /> -;���"�;� Borrower who co-s�pns this dead ot hwt but does not eb-sign the underlving debt tnsVUma�t(s)doea w oniy to �raM snd eorney tha� __
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<br /> ��,;:::g BcROwer's irrtereat In the properiy to the Trustee under the terms ot Nia deed of traet.In eddidon,such a Borrower aAreee that the l er ana
<br /> ---���._._" eny other Borcower undat tl:is deed of uuat may extend,mod(�y or mnko amr other ohnnpes in the terma ot this deed of buat or the aecured �
<br /> z==�'`,�;%e�°:�. dabt without thet Bortowur's eor�aeM end without rebaatng thet Bortower trom the terms ot Mis deed of Wst. r
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<br /> "`:�'��. � "�r� the dutloa and beneNte ot thfs deed of truat eheit bind and benefit the suecessora and aselpns of Lender end Borrower.
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<br />-••x. � � 18.Notle�.Unleas otherwise required by law,any rtotice to Bottower ehali be ptven by detivering k or by maUtnp R by certifled meil addreseed to
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<br /> B o r r o w e r e t t h a p rope rt y a d d r o a s o r a ny�o t h m e d d r e a a t h a t B o r r o w e r h s s giv an to Lender.Bortower wiq gtve an y notFce to lender by cartffted
<br /> • � msft to L6nder'e addrsso on page 1 of thia dead of trust,or to eny other addreas which Lender haa desfgnated.Any otfier notice to lender shap
<br /> • .. � ; be serrt to Lendera addreas as ateted on page 1 of thts deed ot uust -
<br /> , ° My notice shall be Aeemed to have been g(van to Bonower or Londer vrhen ghren in the m��r steted above. -
<br /> , ^ 18.T�shr of tN�Prop�rlY a a B�n�fldN Irtbnit In t1a Barrow�r.If at{or nny part of the propertv or any imeres4 in k ia sotd ar tranaferred ; �;
<br /> wkhout lender's prloi wrthten consoM, lender may demand Immediate paymeM of the secured debt. londer may etso demand immedieto .
<br /> � �� paymeM if the Borcower is�ot e natural person and a benefldai ir►terest in the Borrower ia aotd or tranaferred. Nowover, Lender niay not
<br /> _ �� demand payment In the above situattons N it is prohlbited by federal!cw as of the date of this dead ot truet.
<br /> ' •• .�k:� 2p,Rccorn�yanc�.When the ob�igetFon securud 6y this deed of Vust has been paid,and lender has no turther obiigatlon to mnke advancas
<br /> ..,.wo.eb u.�..����er aarasma�aecured bv this deed of truat,the Trustee shali,upan wrhten request_by the Lender,recomey the truat
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<br /> - propert1r.Tha Lender sh9I1 dellvor to tho Bortowet,or to eoROwer'8 euccessor tn tMeresc,me wat oeed ena me nota or omar evidenw o:ino �„;n
<br /> _ ' � obllgatfon so setiafFed.Borcower shall pay any recwdaUon costa.
<br /> 21. Sucwwor Tru�tss. Le�der, at Lender's opUon, mey remove Trustee and appolnt a successor truutee by ftrat,malting a copy ot the
<br /> � substtnrtton ot trustee ea requlred by sppltoable law,and then,by fil[n the substkudon of trustee for rocord in the office of the regfstsr ot deeds
<br /> � su eci od t�o 8p Uie power d�udes euNio�tyrt and teit�le oi the Tnistee nam�en Uie deeeduoet tr�uet andsof eny�s�ee�es�somey�en88 of the propeny.shntl
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<br /> - � BANICFAS 6V8TEMS,INC..ST•CWUD,MN 68501 11�80W87•25�11 FOPM OCV�MT6NE 8118181
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