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<br /> ..r,. � 1. Pqrtmnt:�. Borrow�t eyreea to mako atl payments on tho seairod deLt when duo. Untesa Borrower end Cender egroe otherwlan, eny 4,'
<br /> paymonte lender reealves trom Bonower or ior Bor�owar's beneflt wfl�ba epplied tirst to any amounts Borrowrer ov�ro�on the aer.ured debt
<br /> °•�� exolustva of iMStest or principai,�econd to Ir►teseet Qnd then to principai.it perttet prapaYment of the sacured dobt occun for eny reason,it wili _
<br /> • not reduce or oxcusq any aaheduled peymeM untiltha cocurad dobt ia pntd In full.
<br /> � � � �.Ctdm�A�fta�t Titl�.Banower witl pay a11 tsxe�,esaessmants,and ather cl�srges atuibutebto to the property when dua and wlit dofend UUe a:
<br /> to ths prope agninst sny olsims whteh would impair the Iler of thia daed of t►uri.Lendar may requtre Bonower to asalgn eny righte,ciefine o�
<br /> dafenaes v�i�Horrourer m�y have�painat parRte�who suppiy tabor or matorials w tmprovo or meintaln the propariy. .,
<br /> , ., . . ; i �.
<br /> 8.tnwnne�.Borrower wiil keep the property insured under terms aeeeptabte to Lender at Borrower's expense and lor LeMer's benetit.AU
<br /> insurartee pollaiea ehail Inotude a etandard mort�ape aiauso tn favor of Lender.Lende►wID be named as�osa payeo or aca Ure insu�ed on any such
<br /> insurance potioy.Any inaurance proceeda msy 6e epp1led,withtn Lsnder's dtecretioo,to eithar tho routaotion or eopcir of tha domapod progorty �,
<br /> ...,r�"4 or to the eeaured debt.If Lender reQuira�mortgage Inaurnnca,Bottower agraes to mainuin tueh Inaurance for�s 7onp aa lander requtrea.
<br /> ���N� 4.Pro�rty.Bottower witl kaep the propertq in good condlUon and make ell repaEre reasonably necessery.
<br /> B.Expmtp.@ortower aqreea to pay ali Lender'a axpensoa Ineluding�easannMe eKorneya'tees,if Borrower bteake any covenanta in this deed
<br /> �-= ot ttust or In arry ob11gaUOn secured by thio deed of t►utt.�orcower wiii pay thAee amounte to Lender en provlded in Cov�nant 8 of tbis deed of
<br /> � truat. ..
<br /> f��� 8.Prtor 9��lMereats.Untese Borrower flrat obiainr LenQeYs w►ftten consent, Bortower wltt aot meke or potmft eny changea to any ptior
<br /> ' � r•;�� sewrity IMeresta. 8orrowst wilt petform ail�of BorcowePe obifgations under ony prior mortgaQe, daed of trust or otlror aeeurtty agreement, _:_�'.
<br /> inctuding Bortower'e eovemnu to make paymena when due.
<br /> � •• � E 7,Aai�01 Rans Ima Proffb.Bottower aadgns m Lendei the�erts and proftts of the property.Untosso Borrowor and lender heva egreed ���?�
<br /> -",� .` o
<br /> • �-�°•� " otherw se tn m9tlnp. Bonower may colieat and rotain the rente es lony as Bortawet is not in default.If 8orcowar detauttn,Lendar,Lendefs �;``_:
<br /> ' ' ' '}� agent,or a court appol�d receiver mey take possession and menage the propeny artd coileat the rents.Ar►y re�s tender collects shafi be �.�-�•
<br /> �� apptied Nrst to the costs of managing the property, inctudlng court eosts and attomays'feea, commiselona to rontd egeMe, and any other i�.4':
<br /> �:��.:s,:i�.,} neceasary rekted expenaea.The rematning amouM of roMS wilt then apply to paymente on the secured debt ee provided h CovenaM 1. f�.:�-
<br /> j�.> ..:,,.::.
<br /> _ __,_� ._.4 e.�;.�s.����=p�d UNt D�wiope�ena.gonower agrees to compIy with the provislons of a�Ieesa tlthis deed of trust Is on �°
<br /> a leasehold.t�this daed ot trust ta on a untt in a condomMfutn or a plannsd unit development,Borrower wiU pe�form�I ot Borrower'e dutiea ,__ _
<br /> _ , .•,.,�_� under tha covenants,by-laws,or regulatbns of the condomtNum or ptanned unit deveiopment. �•
<br /> ��::
<br /> 8.Autl►o�t'i1r of L�r to PMoem fot 8onowu.�t Bonower fatia to perfarm any of Borrowsr's dutles under thia dee0 of trust,Lender may
<br /> .. . • {, p e e t o t m t h e d u t t e a o r e a u s e t hom to be p erfarened. Lendet me y etgn 8orrower's nnme ot Day sny amouM if neceaeary br pertormance.If arry �_
<br /> • .� consuuction on thepropotty is diecoMirn�ed ar not eattied on in a reaeonahle mannar,Lender may do whetever is naceasery to protoct Lender's o_..�,
<br />�:'��'-;;,;� securlty Irrcerost in the propertl►.Thta m�y IneNede compietiny the construction. _-
<br /> ' � .�. , Lender's faiture to pe�form wiD oot prectuda lendet f►om exercfstng any o4 tta other Nghte under the law ar Mia deed ot vust. � ___
<br /> .;;�{.�r�.":�r�' y _
<br /> ' an d wi I be�ar�inmresi fromdaie dapte��of tl�ie p ymeM u�patd In�tuit�ttre IMe�restr te n effe�on tlro�es asued deb�nta will be due on demand ---
<br /> 0
<br /> .` -- - ip,p�tauft rnf pee�t�raUan. N Borrower faUs to make any paymam whon duo or breaka any covennnta under tN�deed ot mist or any =__-
<br />-' =.',:�' '�� obligatEon securod by thSs deed of trust or any pbr mortgepe or deed of trust,Lender mey eeeelerote the mstudql ai the sacured debt artd
<br />_ K:, - 1 demand immedi�te payment and may tnvoke the power of aule and Any other remediea permttted by app�tcebte Isw.
<br />- ;c.�:_.�:,�-.
<br /> �
<br /> :_:;�=._�.�� 11.Rtqu�st tor Noflw of D�tMdG It is hereby raquested that coptoa of tho ootiees of defauk snd aaie be sent M each perton who is a pany
<br />��;'^ti•;i.�tp►�'�- f18T8t0•dt ib10 Baf�I008 0�EOG{t tiY4�t ybriMYfl�3b ablfC►P1Si tl8i8�Ti. ` --
<br /> �"s...,•y � • 1Z.Powa of SN�.If the Lender invokes the powe�ot sale,the Trustee shail flret record in the offtce ot U�e reglater d doeds of each cour�ty
<br /> =�;-•-'�?�� wAeretn the ttust propertY or some part or�arcetthereof ts skueted a notice of defauR coMaiNn8 the tnformatton requtrad by law.Ths Truntee
<br /> ' r'-'' shali atso mail copias of the noUce of defeult to the Bortower,to each person who is a party hereto,and to other persom as esaibed by
<br /> _-T�.e'�__,;� mt in any
<br /> „�,, appitc�bfe la�n+.Not less than one moMh after the Trustee records the notleo of detau or two moritha H the truat property
<br /> ^-.�. R � incorporated city oc villaQe end ta used in farming operationa oarried on by the truator,the�ruatee ahefl yive public notioe ot ente to the persona
<br />- .����:� a n d i n t h e m a n n e t p r a a c r i b e d by_e p p p l l e a D l e l a w.T►u a t e e,w i t h o u t d e m a n d o n B o rcower,eha11 seU tA8 pro p eRV at pubGe auctlon to tha hfshest
<br /> - bidder.If reQuirod by the Farm Homestead Proteplon Act,Tn:stee shetl oNer the propertY in two separate seras aa ro�dr 6 d by epp i lea b le lew.
<br /> _���. Tnfstee may poatpone sale of aIi or any parcel d the property by pub�lo announeemem at the Ume and place of eny prWEousiq scheduted snts.
<br /> ����_�,,,- Ls�er or ita destIInes may pur e h ase the prope r t y at any saie.
<br /> :�_s��'_.= � =_
<br />:_�;t ; _.:�;�, Upon roeeipt of pa�rmerit of trte price bid,1'rusteeshall deflver to the purehaaer Tnistee's deed eorneytnp tta property.Thm recttieia contefned fn
<br />-- Trustee's deed ehail be prtme fade evidience ot tha uuth ot the statamerns eortteined therein.Tnistee shait app(y the prooaeda of the sate in the
<br /> -_�-'���1�� foilow[np order. (a) to all expensea of the sale, inct�dinp, but not Umited to, reasoneble Truatee's feea, �eesonabb ettorne�/s tees and
<br />�-.�-�y�� teinstatement tces;ib)to eIi suma secured by tfU�deed ot trust,and(c1 the batanco,H eny,to the porsons IegeOy entitled to recelve k.
<br /> - --- 13.Fonctown.At Lender'e option,thfa deod of trust may be forodosed tn the manner provEde by eppitoabte Iww tor laacloauro o!mortgapes
<br /> -- — on�eat property.
<br /> -..�,��o�:�
<br /> _,,,,��.� 14.t�n.Lendm mey eMer the property to inspeat h N tender gives 8orrower noUee batorehand.The notloe rnust ctete the reesonsbte
<br /> oau4s or LendePs inspeatlon.
<br /> ---�'� -- _= 16.Carxbnr�ttion.Bortower essigns to lender th�proceeds of any eward or ctalm for damag es conneated wid�e condemnadon a other tekinf�
<br /> ��"' ot all or am►part of Me propeRy.Such proceeda wllt Ee appiled as provided in CovennrK i.This aasfgnment Ia subJect to the terme of any ptior
<br /> .,--�� secuthy agreement. _
<br /> 18.Watr�t.By exercising any remedy avatlabfe ro lendet,lender daos�ot pive up�any�ights to later use em►otMr remedy.By not exercising --
<br />��_°:�� any romedy upon Bortowar'e detautt,Lendet doea not watve eny�fpht m Iater consuler the event a detauh if h happens epain.
<br /> ---=_•---—R`� 17.Jdnt and Ssv�nl�Codtyr�rr,Succ�sso� and Asstpns 8o�xid. All dutias under Uda deed ot truat areJoim and Beverai. My
<br /> -- Borcowar who casipns thla eed o!vust but does not co-stgn the undertvinp debt IntbumerK(s) does�o only to praM anE convey that
<br /> -.,���r��:� 8orrowers trrtarest in the propetty to the Tnistee under tho terms of this deed ot trust.ltt addkion,sudt e Bot►owet agees that the 1 ender and
<br /> --- ar�y other Borrower under this deed of uust ma�extend,�i(y ot make eny otMr ehanges in the terma of this dsed of truat or tha secured
<br /> -_--_— debt without thet BortoweYe conserrt and without reteastng th�EoTtowar trom tne terms of this deed of truat.
<br /> -- "�;-�`��� The dutfe�and benefha of this deod of trurst shaA bind end benefft the suaeeeson and essipna of Lender and Borrower_
<br /> - .��r
<br /> �:,f,�;;���;?��_ ; 1&Noticf.Uniass otherwlae raquired by taw,am1 n� atiee to Bonower ehap be given by deltvering k or by meiling N by catlfied matl addressed to
<br /> -i_;_.�_:.c_-��� , BoROwer et tho p►operty eddroas or eny other aOGresa that Borrower has ghren to Lender.Borrowar wiU gfve ar►y notioe to Lender by certlfled
<br /> � matl to Lender's addross on pape 1 of this deed of trust,or to any othor etldresa which Lender hne destynated. Any atl�er�►otice to Lender ahali -_
<br /> ---""`��'+,,;..N-1y� be ceM to lender's eddress as stated on page 1 of thia deed af trust.
<br /> ,^.�,;�:."�'"�'-�` pny noUee aheti be daemed w have been given to Borrower or Lender when given in the manner atated ebove. .
<br /> _ r::�.�'� ' 1g.Transf�r a}!�prop�rty or�Bu�o!ldat Int�nst In tM BoROw�r.It ap ot ariy paR of the prope�ty or any intereat In it is sold ar transfenetl �_-
<br /> wlthout Lender's prlor wrttten conseM, Lender mey Qemend Immediatepaymont of the secured debt. Lender may�Iso demand immedlate �-�
<br /> - _ - : ��f�', RaymeM it the Boaower ts not a naturaipe rson and e beneticiet interest tn the Borrower ia eold or treneterred. i�lowever, Lender mey not �-=
<br /> _ ...�;, demsnd psyment fn the above sftuaUona tf it is prohtbited by federei law ns of the date of thia dsed of traet. R---,.-
<br /> 20.Racatv�Y�nu.When the obftgatlon sect�red by this deed oi Vust haa been patd end Lender has no further obliyation to meke advancea �
<br /> � � �
<br /> under the tnaVUme�or a9reemertts secured by thfa deed ot truet,the TNStee shalf upon written request b1I the �ter,reconvey the vust =�;
<br /> __;� :� property.The Lender ahall defiver to the 8orrower, or w BonowePs suceeeaor In imerest,the Vuat deed pnd the note a otAer svtdenco of the
<br /> -- , � eblfgetioa so satisfted.Borcower shatt pey eay�ecardatlon coate. ��_
<br /> ��=�-""r 21. Sueeestor TrustN. Lender, et Lender's a�lon,may remove Trustee end appolnt e suecessor trustee by firat,maitng a copy ot the �
<br /> �:�-�i'' . ^ substitutton of trustee as reputred by apptfcable kw,end then,by fliing the subs�tRution of trustee tor record in the oifice of the repiater of deeda •
<br /> � ., � suc 8ce Qouellytlie power dutle aud�orityn and U�tle of the tTr�us�ee nsme�ud in N�a dasd of trust end of a y s�ue�ssoi Vu�of ihu proparty.shatl
<br /> • fRags Y ol?1
<br /> . . • . 8/W1fEAg BYgTEMS.MC..ST CtOUD.MN 68301 11 a0P991•lYNI iORM OCP�MTtMtE 81t8191
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