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<br /> {s A cov�uaNTS �=
<br /> ' .n..�44�: 1 Y�" .-.
<br /> n r. •a��� �''..:
<br /> t, paymerim. 6orrower apreea to meke ali payments on the aecured debt when due. Unleas Borrower and lender aareo otharwise, any
<br /> peymeMS Lendar raceivea irom 8orrower or for Bonower's benefft wlll be eppIled firet to nnY amounts Borrower owea on tha secured debt
<br /> •:. � exctualve ot Intareat or princlpei,aecond to Interest.artd thon to prMcipa�.If parttel prepeyment of tha aecured dabt oaaurs for any reeson,tt wilt �`
<br /> not�educa or excuse any aahedulsd peyment untit the seeured dbbt t�peid In fuli.
<br /> v��,; , ° ` 3,G�Ap�nst TtW.BorroweT wlli pey a�l uxss,tssusments,and othe�ahargea ettrlbutoble to tha propony when due and wlll do4end UUe �
<br /> to the property e3 elnst tny olalms wbich would imptir tlr INn of thts deed of tru�t.Lender m�y requi�e Borrower to essipn any riehte,c�afms or _,_
<br /> �• de tenaee w h io h 0 o n o w e r m e y h e v e a p a i m s t p e t d a a w h o e u p p i y l e b o r o r m a t erials to tm p rove or maiMain the propertlr.
<br /> "� ' 8�inwranca.Botrowur wf!!IcAOp tho property inaurod under terma aceeptable w Londer at Borrower'e expense and for Londcr'o bono?it.Afl �`
<br />'"°�'� '�� y� r lnaurenee policias sheil include s atanderd mortpspe elau�e In fevot of Lender.Lendet wilt tse named as loss paYee or as the insured an any auch �_
<br /> insurenca po l l a y.A n y i n s u r e n c e p r o c e e d a m ny b e app l i e d,w k h i n I.e n d e r s d i a c re U o n,to aither the restoration or repei►ot the damaged property
<br /> ,r '`�;,,E or to the aecured dsbt.If Lender repuiros mo rtflage Insurence,8orrower agrees to mairttein euoh Insurance tor as tong as L en d e r re q u i r e s. ��=
<br />'`�� 4.Prapety.BoROwer witl keep the properiy in good condition and make e0 repatre reasonabty naeeasary. �:'_
<br /> �p�W�ct
<br /> - - --y_� 5.EapN►oa.Bottower egrees to pay ail Lender's oxperress inoluding reasonabte attorneys'feas,if Borrower breake any covenants in this dead
<br /> ` :-n of truet or in any o611ga8on eeeured by thie doed of bun.�crrower will pay these emounta to Lender ae p�ovlded in Covenent 9 of thia deed of
<br /> �.;•.T? M1SL. _�
<br /> 8.Priar S y�y In3�nab.Unless Borcowet Hrst obtaina Lender's wrkten conseM, Bnrrower wiil not make or permit eny changea w any prtor
<br /> �' , ��� seePurHy Inte�r�es�e. 8ortower will perform aQ of Botrower's obllgations under any prior mortgaga, deed ot trust or other seeurity agreemeM, jp._,
<br /> „ �, :; � includinp Hortower's covenants to meke paymarKS when due. ���'
<br />�...�FSC':" '`' ..:
<br /> °' • ; 7.As�f�nm�nt ot R�nri aid Proflb.Bonower essfgns to'lender the rer►ts a�d proflts of the property.Untess Boaower end Lender have agread .h�.-
<br /> "'� ` �� otherwlae in wriGng, Borrower mey cotleat and �etein the mrns as long as Bdrrower la Rot in detauft.if Bonower dafauite,Lender, Lender's �"
<br />�-���rw egent,or a court appointed receWer may take possasefon end managa the property end coileet the rents.Any reMS Lender coliaata Bhall be -
<br />-;�a;4
<br /> '+1.. ' epplled flret to �e coats of ineneging the ptoperty, ineluding court costs and attomeYs'fees,commisafons to rentai age�nts, and any oU�er
<br />`-��6��-°:��r�� rteaaseery re la te d expe n s e s.T h e re m a T n i n g a m o u n t o f r e n t o w i l t t h e n a p pt y to p a ymenta on the sewred debt as provided in CovenaM 1.
<br />;.+�F•.••�,a ,
<br /> 8.Laamhdds•Condomtniumsj Pt�nn�d Unh Daatopm�ma.Borrower agrees to comp�Y wlth the provisiona of any lease if this dead of trust is on
<br /> '°��:�;;�:•�'I a teasehold.I�thta desd ot trust ie on a un h in e con d o m t n i u m o r a p l a n n e d u ni�u e v e t o p m e n t,B o r r o w e r w lli p orform aq of Bortawar'e du8es
<br /> a� undor the coverunts,bydawe,or roQuiations of the condonNntum or ptanned unit devetopmen�
<br /> � �� � Lender may
<br />°.^;�;;},.•.;;j�. 8.Aud�odn ot LMda to Prrfarm tar Bmroww. if Bortower faiis to�perform any of Bomwer's duttes under thte deed of trust,
<br /> .�:;:r-.-. pertorm the dutles o►causs�hem to be performed.Lender m�y aipn Bonower'�namt or p�y any amou�rt it nscetfary fbr puform�nw. If my
<br /> 1 � construeUon on thepropeny s dbcoMinued or�ot oaaPod on tn a reasonab►s manner,Lender m�y do whstever ia neaea�ary to Mot�ot Lend�r'�
<br />._�.�• �' acurity Interost In tha aroperty.Thts may inc(uds comptetinp the construotton.
<br /> "�•� tander'�failure to p�rform will not pnclude Lander hom exerotslnp any of its other�tpht�und�r tM law or thli de�d of trust.
<br /> �:;o
<br />�r;;�^�, Anv�mounu pald by L�nd�r toprotgat Und�r'a socutlty ir►tereat wl�t bo searod by thte deed ot bvtt.8uch�mount�wilt b�dw on dommd _,
<br /> aw wlll bar IMuast hom tM d�t�ot tM p�yn��nt untN paid tn tult at ths int�nst r�t�in sfNot on th�tacund d�bt.
<br />^--�.�:.i� 10. Ortadt�nd Ac¢�Ntatloe. If Bonower fNls to m�ks any paymsnt wh�v►Gu� a txab any covm�nt�und�r W� E��d ot Vu�t w mY
<br /> '-_�,�� obtipnlon ncu�d by this dNd of uust or any prMr morty�p�ar desd of trutt,Lendu m�Y aa�l.p t��1i�it1►of tM a��►�d O�bt md
<br />__- „ -�� ����q�,y�e��ay 1r►yeks th�oower of sd�and anY othet romedis�pesmittad pu
<br /> =:3�:.t�t'�d
<br /> �,.T�,�;�,�; 11,BqwK for NoBa of ONault.It is hereby requesUd thet coptes of the nottees ot def�ult�r►d sde bs tent to each pereon who Is e p�Ry
<br />=--:,,,�� hereto,at ths add►ess of uah woh peraon,a�set fortA heroin.
<br /> �c�� 12.PowK of B�N.If the lendor imokes the pow�r of sate,ths Trustes shatl ftrat�ecord h tM oNta of ths repieta ot deeda of aeh eounty
<br /> _,_„�:��..
<br /> _.��{�'� �,h erein the mbt ptoperty ar soms part ot pareei thmeof it situated s notice of defauit corrtatnf�ro ths intormatton roquked by taw.The Trustes
<br /> �haU also meil copies of the nottce of defsuk to the Bor�ower,to each peruon who b a puty hereto,end to other penoat as�rescrtbed by
<br /> �N_S'����� epplicebfe�wv.Not tess ttun one mo�rth etter the TNme secords the notice of defeult or turo montta I4 the wa property • not in eny
<br /> __ ti„�� incorporatsd city or vill:ys and is uced in farminp o�ps»dor�s oarried on by the truator,the Truste�shali phro pubilo ttotics of tete to the pmsons
<br /> and in the me�er preaorlbed by eppplicabte taw.Tn.�stee,wiUrout demand on Borrower,eheU eeli tM property at pubilo auatlon to tfw hiphest
<br /> btddet.if roqu[red by the Farm Flomestead Proteatton Aat,Trustes shsll oHer the properxy in two cepoato sdss es roqufrod by appl[cabte law. _
<br /> Trt�etee mcy pa�tpone eala ot ail or�ny parcel of the ptoperty by pubtla announcemeM et the Ume snd ptace of eny provioualy schnduled eete.
<br /> —'��F� Lender or Ks destpnea msy purr,hase the property at any eeie.
<br /> �!� llpon roceipt of paymeM ot the prFce bld,Trustee ehap del[yer to the purcheser Trustee's dead com►ey!�d�e property.The reoitials contaimd in
<br /> —=.a Truatee'a d�ed�hal1 be prime tade evtdience of the t�uth of the ststema�ta conta6►ad theretn.Tntatee aheli appfy the proceeda of the eale in the
<br /> -v-�= iet��ruteiemerrtete��Ib)to etl�eums ses cumd by tl�ita�de duofi truct and tc)��e bdetencs,if nny�,m��raons egeny e�r�tled io er�r,er ive it.�es and
<br /> � -°' 13.Fa�clown.At LendeMs optton,this deed ot truat may be forectosed in the meruier provtde by appqcabte tew tor foiecloaure oi mort0e8es
<br /> —-='� on�e�l property.
<br /> -""_� 14.��Ipn Lender may enter the property to inspeat ft if Lender givee 8orrower notice betorehend.The notice muet stete the reasanab�e
<br /> oause of�Lendefs iropection.
<br /> - 1g,Condmmatloo.Bonower assi gns to Lender thep�oceeds of atri►award or eleim ta dama�gea eonneated whh a condemnaUan or other tektnp
<br /> - ----- of atl or any part of the proparty Sueh proceeds will be appqed as provtded tn Coveaant 1.Thla assipnmeM is subJeot to the terma ot any pdor
<br /> - --- = securky aproamem.
<br /> _ ---- - a y rom�d�i upon Bo��rto�a defau�ta Lendei do�not walve any ripM to IR°ate9�consld the e�vaTrt e defau�k heF�ipeena ap�y.By not exerdaing
<br /> - �i
<br /> --��� 17.JoiM�nd Sswrai ii�bWty� CoalpnKii Bucc�ssaa atd Ast��+s Bound. AI1 dutles wde�this deed ot trust are Joint and eewral.Anyr
<br /> 9oROwer who co-aipna this died of trust but doea not eo-aiBn the undert debt IretrumeMts)doea so only to grnM and aomrey that
<br /> --�.� Bottower't IMereat In the property w tho Truetee under the terms of thts d o truat.In eddidon,euch e Borrowar agrees thet the Lender and
<br /> ��---��� a�r othet 8orrower under thia deed of truat may extend,mod'�{�r or make any other cha es tn the terms of this deed of truat or ths aeeured
<br /> -.--_-,� dedt wtthsut th�t BortoweYs co�eM and whhout retee�tnp that Borrower irom the terma o�tt►ta deed ot vuat.
<br /> -"`'� Tha dutiea and baneflts of this daed of uust�hatt bind anG beneflt the succesaoro a�assipna of Lender and 8ertower.
<br /> --_��;_t�
<br />--_�-;�_:�. - 18.Nodc�.Un►esa otherwise requtrod by law,any nadee to Borcower eheti 6e given by delhrering it or by maiting k by certltlad mei�addressed to
<br /> Bortower at the property addroaa or enY othe�addroe�thet Bonower hes gIvev to lender.Bottower wiil eive amr notlae to lender by ceKlfted
<br />=__��W-� mail to Landsr's�ddress on page 1 of this deed of aust,or to eny other address which Lender haa dosignated.Any other rtotice to Lender shall
<br /> ~`" __-�. be serK to Lender's eddresa as stetad on pape 1 of tNa deed of truat. -
<br />����r�Ri�i s• Any notice ehall be deemed to have Eoen givon to Borrower or Lender when given tn the menner statnd above.
<br /> _�>.f:-�•-: �g,Y�K a}�pt�y a a g�Rq�i k�Un�s�n tla Bonow�r.M eil or any part of tAe property or any iMerest in k is sold or transterced
<br />:-;r��'--=;��•°• � without Lender's �xfot w�kten conserrt. Lender may demnnd Immedtate pnymafrt ot the seeured debt.Lendor mey eiso demand ire�medfate
<br />,-t.:,.�;,
<br /> •-.x- .�,Y paymsm If the Bonower ts not a naturslpe rson end e beneNcial intereat In the Borrower ia sotd or venafened. However. Lender mey not
<br /> - a � demand payrtfertt in the ebove altuettons ff it la prohiDlrod by feder�l Isw as of the date of thts deed of trum.
<br /> � " ZO.Racmwy�nc�.YYhen the obppallon secured by tl�is deed of uust has beon pafd and Lend9r has no furth�obligation to meke advanaea
<br /> �-���� u�e.r th.�n�rn,mn�or eareemems aeaued bv thls deed of truat,the Truetee she�, upon written request b�the Lender,reconvey tfie trust
<br /> �W...ur.���s.r�
<br /> ,�:.-,� �, proparty.Tha lendor eha0 deliver to the eorrower, ar to eottower•s eucaeasor in in�eras�,i:.o v���+w.+��•4A•a•��^ --�•^--��---. ---
<br /> __�='_` •.,�,;�,,, • obit9atbo eo satiefled.Bonower ehdl p�y er►y recordado�costs.
<br /> .,erd�fi(�f� 21,Suaarssor T�. Lender, et lendePs opUon,mofr remove Tntatae and appoi�t e succesaor trustee by flret, mailing a eopy of the °
<br /> +��:�•• • subsUtudon of truetae as requtrecf by apptioabte�aw,and then,by Hling the substltutton ot truatee for record in the office of the register ot daeda _
<br /> ?'�'`� ? `. of eaoh county tn which the truet Droperty,or eome part the►eof,Is situated.The succossor irustee,witlwut comreYence of the property,ehait
<br />" ' � , suaceed to ail the power,duttes,euthorhy and tkie of the Trustee named in the dead ot truat and of any euaceaeor trustee.
<br /> Ipt6ro 2 oI TJ
<br /> � 'r� BANIIERS BYBTEMS.IttC..BT.CLOUD,MN 68301 fl$OOa87dS411 WRM OCP-MTr}NE 8118181
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