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<br /> � COVENANT9 . •
<br /> paym�ente�lendor�roceivoadfrnm 13orrovie�ir or f�t[3orrowor'o buna(n��wal bobcppllod fi�rat to o Y amounte 0o�roworowoonon ihotaccurod do6i ,
<br /> exclu9lve ot Intetoet ar prinr,lpal, aoaondmA�t unQil thb�ecu�ed deDtla�pe d in Iull��propAymant ot tho socurod dobt occuro for ony roaaon.it wfll
<br /> -. - � Rr,t red��r.e nr exauae any sahedulnd peY -._ _
<br /> 2. Cleimo d9Mn�t Yitle.Borrov��r viiN��t�eq t�l�.yd�,e`-"-'eenMnta,tlnd othat chergea ottributabla to the ptop9/ty WhBn due 8nd will uuivi�d tkl�
<br /> to the prapert1f ag alnst eny clnim 11 vd�ich•vr4tiftl linpnlr tha linl�oe��Qr�nater181a to In�pr�o 0 or malnt�ein�thotpropnrty����fln cny riphte,cla�ma or
<br /> � defenaes whtch 9orrowor mny��+vo eg�Itifti���sw��uPtMY �. •
<br /> ' Inautod undet terms aCCepteble to��der at Borrowor's exponse end tor l.onder's bonefit, All
<br /> 3, in.urcnco. Borcov�nr will �Cbep'c#�n�pronaety
<br /> Insurance policlos shnit Inalude e etentlntd mprt�np�cllledewithin lender eddincretlon io"ethor he�ro toredon�orropeB8o9 the da apod proporty .
<br /> insurence polioy.Any Insuraace pt0aeada m�Y pP -
<br /> or to the secured dobt.If Lonciet toqulroa mnrRneOe ineuronce,Borrower egreeB to malntnin such insuronce for as lonp ns Lender requlres.
<br /> - . ,.,;,�: 4.Prop�rty.Borrowor wHl kooA the propartl In good condltion end mako ell repalrs reasonebiy necosonry• ,`?,... �
<br /> I .�� 6,Facp�n��s.DorroMror agraes:v�pY all Lendor's expensos,Inciud�ng reesortaWo uttomays'feee,�f Borroww brenks any covonnnte�n thia deed .�f:,., ,,�,.. ,..
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<br /> of uuot or in any obligotlur se..urad py this deed of trust.Banowar wili pay these amounts Yo Londor as Dravided In Covonant 9 of thia doed o ` t. ..:'t,:;.'/, `%!`' '
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<br /> ��``i����'�=�'�'�'"'` 6.Pdor Stcutiiy�nt+r�aM•��n���°�°n°°"�°t�"3t obtalns lender's written consent, Barrower�vUl not m9he or p8rmit any chenpes to any p►Eor
<br /> 7 :[iY:'
<br /> �...,<:;:. �ato
<br /> �;�•;;t��;�i+,;:�;i�� socurity intorosto. Borrowar will perform af1 of Borrawer's obli{�etlons under any(x�or mortpage, doed of trust or other security e8reement, • ;� ,`;;�-
<br /> ':.�i'f Includinp Borrovror's eovar.n�'ts to meke payments when due. : -
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<br /> 7.Aastgnmont of RRnte nrtd FRnflt�•Borrower aselflns to Lendar tlw rente and protite of tho proporty. Unlose Borrowor and Lnndor have epreod '`:�,?+';Ky",=_
<br /> � �a otharwise In writin0� olntnd�r�raoi�ror m�a�Yctakodpo taension end menofle9the D prPertyrand�callact thD'ents�Any rontsBLendor col ects shell bo . i -"�
<br /> � � paent, or o court epp ',:, ' � ,� —
<br /> ., � applled firet to thn coatn of mnnnpin0 the property,Including caurt co't S ana ments on,tho sueured debt an provdod fn�Covonand�any othor x�J�-r__-
<br /> ;: � nocess�ry relnted oxpnnees.Tha romninlnp emount of ranto wfll t�An aDp Y p P V N�-
<br /> - �y,-�od�Jr't Q:s�'a�m=�nts�sarrow�r �ane�to c�mpIy with th�provldon�of�ny Ir�w If thb deed of trwt��on �f a,=
<br /> ;, � �,�u��ho1��i CaneMminfumr, �nn�d unit div�io�r��ont, Ocrrawsr r!!II per(orm ell of Qarrowu'�dutta _ .. __ _
<br /> •I��t�hald. If thlo dntd of tru�t I�on e uNt In�cor►daminium or� pl �:':°.;:;°
<br /> : � under the cownentn,bV•�ew��or npul�tions of th�condominlum a plann�d unit dev�lopment. • ,_, _,_
<br /> �" a�,1 pirMrtm thn diltlee or�c�uao t•him to bs p+rformed}Lindir�m Vl��o��eorrowir'i nnme or�pAy�eny emount N neceii+�ry fo�pirfarinoni�lfiny .�"�,��s� _
<br /> `elE,--.,�..�
<br /> " :� � comtruntlan on thn�roMrty i�dlacontlnwd or not aud�d on In�nnon�bl�m�nner,Lond�r mey do whst�ver I�n�ceuery to protect Lender'� _ t ;•-
<br /> tocudty Intere�t In t�n property.Thl�may Includa compt�tlny th�con�tructlan, „r�
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<br /> UnAnr'�fellun ta pertan»wili not pnoiud�Under Irom�xorclNnp�nY ot It�other rlpht�under tho low ur thle deed nf tru�t. ��',�°�i��-
<br /> , r enA w tl bnar Intoraet ttnm�thn daps�of the R Yment until p�ld In tu�st�ihe�intereitriti In�eNict on the iecured debt unt�wlll be dus on demend -�
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<br /> 10. D�tnuit�nc�Aaodurntlan. If Rorrowet fefis to m�ke any p+Yment when duo or broeks eny covenant� und�r thl� doed of truat or eny ___
<br /> � do�mnnd Immadin n PnUmnnt nnd mey Invoke the power of sols eM any othorrremediosdpormitted by ep(ilioe6le lewurity o!the eecured dabt end _
<br /> 1� + 11.Rsquaat Mr MuNu�oY Ror,n�it.�t�6�o�ouy�a�no-ted:h.�! ^o?�^*of che notices of defauit and eelo be sent to�ach�mc�n who Is a'arty -
<br /> --�M�.e.,�;:�;�.�. --�y� .
<br /> '' � hnreto,et the addrooe af nanf�Ruah pereon,es set forth herein.
<br /> 12.Powar of Snw.If thn I.endor invokee the power of�eto,the Truetee shall first recor�f in tha office of the reylater of deeda of eech county
<br /> whpro(n ihn truct prnperY*I ar some pan or percal thereof Is situated a notice of defsult contalntnp reto�and to�otheQu eesons�es prescrlbedtby
<br />.�1; ., . 41in11 elso mnil aopias of the notice of defaolt to the Borrowe►,to eech peraon who ia a party M P
<br /> ""'�''`'�� "' '� inco�rpor�niud alt�j�a v ifegehendle u6ed in fa►ftminp operaUona carrbd on by the tru torethe�tfruet6e shell g ve�publhc notico ot eileyto�the person
<br /> "'��r���.� bicidnr.tlfiaqulred by the3Fedm Homeatead Proteati n$Act.Tru iee shelt ofter�therpropeityhn twolsepe�ate a le ea es requiredtby epplioebte9law
<br /> -��r.,>�_„a;_. b ublfa announcement et tfie time and place of eny pravlausty echeduled eelo.
<br /> r �_ s: 7ruotoe mey poatpone eaie oi ell or eny parcol of tho property Y P
<br /> '''�� �•!ri:,y?� Lendor nt Itu d�eipnee may purchase the property et eny sete.
<br />.=;Yv�R 1". .
<br /> - •�-�"�`��!"`r. Upon roeeipt of paymant of the price bid,Trustee ehell del(vor to lhe purohaser Trustoe's deed conveytng tho property.?he recitlale cont�lned in
<br /> `y%�'"t'4"';�-•;� Tructae'x cieed shell Ge prima facle evldionoo of the�ruth of th�an9°nmited to�nroaconebleTTrueteeeiefeesp�Yronsonable�ettomey 88foos�end
<br /> '��"'����'�'+�"!� tolfo�Wnp order: lal to eli expensee of the eole, naludinp, _
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<br /> .h pi`'�i;.�A • ninetatement tesr(b1 to all suma aecured by thi�daod of truot,end(a)the balance,if any,to the persons legally entitled to receive t.
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<br /> _—____�_«_� 13.FouebNx�.At Lander'a oDtion.thU daed of vuet mey be torocloaed In the mannor provlde by eppiioable law for forec oauro o mo papes �
<br /> ��� ° j+ on renl Froperty.
<br /> ;, ,,��_ ....�.... ,,,.��o �s innApr nivna Borrowmr notico beforohand.The notice muat etsto the reaaonable
<br /> �..,_n,�--�-`��.� 74.Impeeaon.�endev may nnia+� tha prop��:, ......�p^. - - -=° -
<br /> � cause fOr Lender'a inapection.
<br /> w'�v'�s 76.Cond�tnnHlon•Borrower eaalpps to 4ende►the proceede ot my ownrd or claim tor damagee eonneoted with e condemnetlon or othar tekinp �_ _ _ _
<br /> -=a.N�•"--� of e!i or eny part of tha property.Such proceedi wili 6e epplied is providad in Covenant 1.Thle ossiynment Is eubJeot to the terms of eny prior
<br /> °;:•'-``'���� eecurity eflreemont.
<br /> -�-�_xK►eru:.�i���3 y
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<br /> - '� eny romedy upon Bonowo pe detautt�Lende�r does not weive any rlyht to Ieter��consider Lhe event e defeutt ff It heptpensipalnY�Bv�ot exercis np
<br /> -.-��iLLY��',��
<br /> 17. Jolnt �nd 8�vrral U��' CaMyn�n; Sucasson �nd Ataty�� Bound.All dutios under thls deod of truet are jolnt end saveral. AnY
<br /> ��� Bairower's Interest in t�e prope►etyd to the Truntee undor tho t rms of thfi deed�of tru tt In edditlont�cuch�a�Horowei epraea thet the Lendor 8t dt
<br /> ;,,,y'��^•°. r�� ----
<br /> 4��L�+ . env other Borrowor undor thle deed ot trust mey extend, modify or make eny other changos In the terma of thia deed of Vuet or the cecured
<br /> °=°�;�t,,.: debt without that Borrower's conaent and without rolea:in8 thetBorrower from the terme of this daed of uuat. - --
<br /> "`r�t,.�;;i.:• The dutios end henefita of tNls deed of truat shall bind end benefit tho auccassore and easignn of Lender end Borrower. -�_ _
<br /> �`'F�u13e,;,�. ._ - —
<br /> 18.Nottc�.Unlesa oth�arwise roqulrod by law,eny notico to Darrower shail bo givon by detivering It or by maiilnp It by cortified mail adorooeed to
<br /> ,. .•,�-��,�•r`%� Borrower at the pro preaa on pape 1 of this deod of�t�ruett ortto�nd othorAi�dMis wl,loh Londer hos deelpnetod Any othor notico to Lender a4�a1�1 _ —_ _
<br /> mait to Londer'e edd ��
<br /> ��~•} „ � '� be ee�t to Londer's eddreas ae stated on poyo 1 of ihb deed a}vuet. --�-p-----
<br /> Any notico ehell bo doanmd to havo baen ptven to Dorrower or Lendor when plven In the mannor eteted ubove. ���e�:
<br /> .�. . x --__� .
<br /> 4!�� � 19.7nnehr of the Prop�rty o+�O�n�flo��l tnten�t In ths Bortow�r.It all or ony pert of tho prounrtY or eny intorost In k fs sold or tronsferred __ _ ___ —_
<br /> ' wAthmentLif the',Bonower�ia no tcennnturei poreon endde bonellcl�ot Intoreet In tho Bor ohwereis soldtlob uanaferred.However�Lender mny not __
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<br /> demend peYment in tho above eltuatlons ff it lo prohibited by federal Iew ee of the dete of thta deed of truat,
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<br /> - � 20.RsconwV��•When the oblipatlan secured by thia dood of truet hae been petd nnd Lender hes no further obligetlon to meke edvances �.,.. �
<br /> , .t:� �.��.
<br /> ,�,� under the InatrumeMS or ngroement��ecured by thle deed of truat,thn Truetee ehalf, upon�vdtten roquoct bV tho Lender,raconvoy the truet . ,M1 �
<br /> nronertY.The Lender.shell deliver to�the Bor�o:°�r,v.�i,fi�BcoaU��r's succeeaor in tnteroet,the trust deed end tho note or other evidenCe of the ,-� -._Y��,,�,�;
<br /> �'!r'^' :,1' oblipeS►on so eetienea.oorrivwei.�a.:rr-••.�--- --
<br /> � �'�••" � 21. Succusa Tru�tH. Londer, at LendQeblo Paw,"o a then by iillnTg tho subatitupon of Vu6tee torreco d in the office of tho9egluterof doedo ry�� � � �
<br /> ' • subatitutlon of trustoo ae requlred by app p �`'
<br /> ' BUOCOO()t0�II th0{)OWOf tdUt18886ULhOfty 011d LI110 Of thn Trueroo nnmod In�tho dued�of trust end ot eny�6uccossor tru6tee.ot tho proportV,sholl ,
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<br /> � BANNEi15 SYSTEMS,INC..ST.CLOUO.MN 68307 11•E04397•13411 FOPt1 OCP�MY(i�NE 8/18187 . ,
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