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<br /> COV@t2ANT0 �,;,,;_,_
<br /> ' 9, pey�zsnte. Onrmv�cr npr0oo to msi:o all poymCnto nn tho oocurod dobt whon d�.o. Unl000 Dorrowor nn� Lontlor nprr,o uthcnviso, �ny
<br /> poymr,nta Londcr roccivoo 4rom tlorrowcr or for florrowcr'o Uar.ollt wlll bo nppllcJ flrot to ony omounta Dorr�wor ov+en on tho aocurcd AoGt
<br /> oxctuslvo of Interoet or prinClpel,�econd to Intere 1,.4nd.thon�to princlpal. 11 pnrtlel propaymant of aho oesured dobt occuro for nny roo�or.,It��Iii
<br /> t not reduce os oxcuee any scheduled peyment u �Ux►sayurqd�alM 1�•pald In full. —_
<br /> �• �r Z,GMm�Ap�lmt iid�.Dorrower wlll pay eil t e��tqel�ld�1l�'� � ottn�r charp�• sttrl4utRble to th�proportY Whan due snsl will defend tltt� �
<br /> ' '' to the propertY e0iln�t my cle!au whlch woul Imp thYi YHi o���daed of ttutt,II.�n6�r m�y rNQulre Borrower to�tdpn eny rl�ht�,cl�lm�or
<br /> �,itl� d e f�n���whlch 8orrowar m�y hAVe aQelnet po •erppty'ItboY 0Y materlels 4a Improve or malnteln tha property. ��
<br /> _",�.r.,. � ;�� �..
<br /> 3. In�ur�RC�� Borrowar wlll keep the property lneurod under terma eccepUhle to Lnnder st Borrower'�sxpen�e�nd Por Undsr'�ban�flt. A l l
<br /> v in.ur�nco poUcl:,°chcll InctuA�a str.nderd mertne�e clauso In(avor ot Lender,Londer wlll Ga named ea loes peyae or us the In�ured on any wch ���
<br /> - -.�-.�� Inwranc�pullay.Any In�urance procead�ma�r bo ePplied_within LendeYs dbcrotian,to eith�r tnn rextoretlon or ropalr o4 tha d:.r��cy�d prop=rty �..
<br /> or to the acur�tl ueDt.ii L�nder raquirui u�i,��y.y�„�.��.�.�-.°--"�W'f'o!"!en mwlntaln auch Inaurance for�s IonO oo�e�ar roqulroa. �^
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<br /> 4,{hopety,Borrower wlll keep the property In pood conditlon and meke etl repaln reasonnbly r�eceeaary.
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<br /> ��'� 8.Expe+a�.Borrowar epraa�to pey ell Lendor'�expentes includiny reasoneble�ttornaya'teea.If Borrownr brnaks eny covenant�In thi�d�ed _
<br />,.,��,� � of trutt or in ony abitgetlon iecured by tfife daed o4 tru�t. �orrower wlll pay these emounte to Lender oe provlded In Covenant 8 of thta deed o1 0 _
<br /> truat.
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<br /> • � eecuiii�y8nt rista���Qorowo will peHo7m allfaftBorrower s obllputlons under any p lur mongeperydeed of irust o�ot e cRecuHty eNaeement� __
<br />- �� '� Includinp 8orrower's covenanta to meke peyenente wNen due. —
<br />'�- � ' � 7.ArN t of Rmt�snd ProRU.9orrovler essldna to Lender the rentea end profits ot the property.Unlose Borruv+or end Lender havo aproud
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<br /> • +. otherw ie in writinp, Borrower rnay collect and retain the rente aa long ae Borrower ie not in defeuit. If Borrawer dafaulte, Le�der, Londer e
<br /> epent, or e court eppolnted roceiva►meV take poeseselon and manege the property end coilect the rente.Any rente Londer colleata aheil he
<br /> °�•" `• �i�`}•'� �� nec�eeeefry relat�d expe�uaa f Tho remaining amount of roMi wlll thon�ppty to peymente on•the secured dabt ea provided InflCoventln d'any other
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<br /> � g.6e���hotds•Condomtniumt:Pl�n�d Unti D�vNapm�nU.Borrower e Tc�os to eomply wlth tha prov;slona of any le�ae If thle deed of trust le on
<br /> e leasetwid.1�thla deed ot trust le on a unh In e condominium or a pQt»med unit cisvatapmaM, BorraLrcr erNl parlorm ell of Bo�mwer's duUea �
<br /> ,,.,�,,�;,c, .• under the covenante,bylawa,or repuletione of the condominlum or ptannocl unit devalopment.
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<br /> 8. Autlwrity of L�nda to Petorm ta Borrow�r. If Botrawar fails to�ericrm eny of 8orrower's dutles undor thia deed of Vust,Lendu rnay
<br /> parform the dutlea or causs them to be performed.Lenclor may eipn orrower'e neme or pay any amount I}necesaery for perforrneRCa.If any
<br /> -- ==�`-=- � construction an the property le di�continued ot not carried on in a reatonable manner,I.ender may do whatever is neceseary to protect Lender'o
<br /> =- ``-���' � socurity intarast In the property.Thie may Inctude compieting the construG4lon.
<br /> �'t,�;E r���'4 Lender'�failure to perform wfll not yrecluda Lender from exerclsinp eny of ita other ri8hte under the lew ar this deed of truet.
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<br /> �-=�'�;� Any amounte pefo by lender to protect Londer's security Intereet will ba secured by thle dead of truat.Such amounU wlll ba due on domand
<br />-y'�'C+�N� end wlll beer intere�t from the d�te of the peyment until pald In full at the Intere�t rate In eNeot on the sscured debt.
<br /> "'�=`°-=:.'�� 10. Wfeult�nd AcGMrrRNon. M Borrowor fsila to meke any peyment when due or brooke any covenants under thla deed a}trust or eny -
<br /> �, -'_-'��Y��R��� oblip�tlon secured by this deed of tru�t er any prlor mortgape or deed of trust,Lender mey eccalerote ths m�turity of the�ecured debt end
<br /> ,=�.Y�i� demand Immedlete payment snd mey Invoke ths power of sele and eny other romedlen permitted by eppltceble law.
<br /> --=� '�- �� o.�....+t�+Wr.de•nt O�fauk.It ia herebv roqueated that copies o4 the notic�es of detauit end sele be sont to each penon who la�perry
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<br />--�-:�-��wi��. hereto,at the�ddros�o!each such percon,a�set forM heretn.
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<br />___ -;,l;�� 12.PowN ot S�.If ths Lender invokei the power o}seie,the Troatee eheil tlrtt record in the ofNce of the re(1latar of deeds oF eaah county
<br /> h.;,;,�A; wharsin the tru�t property or aome pert or parcel theroof Is situated�notice of default containinp the Information toqvirad by Iaw.7he Trvsts�
<br /> ----_� . shdl�Iso msll coplea of the notice of defeult to the Borrower, to each person who i�e party Mroto, and ta other persom a�pnscrlbsJ by
<br /> --- -- apFlicable Isw. Not leu than ono month efter the Truatee rocord�the notice of defsult or two monthi if the trust propsrty b not In my
<br /> ����-%�� incorporatsd ctty or vill�pe and Is used In f�rminy opontiom carrlod on by the trwtor,the fruste�she11 pivo publio notice of sal�ta the persons
<br /> -� �` �nd In tha menner preicribed by appp!icabte law.Trustee,wlthout demand o��Borrower, ehtli sell tho property st pubiic auctlon to the hlpM�t
<br /> -W�-"�'�y bfdder.If reqWreu dy tne rarm fiomu�ina�Fro.ac4lc��AC,Truatet shs!! ofter i�!!�•og��*+��n two separate odea as rsquk�d by�pRiicpbie I+w.
<br /> � - �a Lender omiti deaiypnee mny�ehase the�psrty et any eels by public ennouncement ef the time and pface ef eny prsvlou�ry scn�duka s�ie.
<br /> =--= Upon recelpt of paYment o}the price hld,Trustee ehall deliver to the purchtae►Trusteo's deod convaylny the p►operty.The rocttfaU cont�in�d in
<br /> - R.Y.�,�.� Y�ustoe's deed shefl be prima facie evidience of the truth of the etatemenu contdned thereln.T►u�tse ch�il�ppiy tt»procNd�of the�aN in th�
<br /> -_-- relnstitement feea��(b1 to�eil eume secure d by t h le�dee d 6 t�t�rust�en d I c l�t h e�b a l e n c e e f e n y t�o t e p e r s o n a I e p s i l y e n t i t t e d�t o r e c eiv o��,fees and
<br /> - /3.Fonciosun.At Lender'�option,thla daed of truat may be foreclosod in the monner provide by eppliceble lew for foroclo:ure of mortQeyeo
<br /> on resl prop�rty.
<br />_= � 14.(n�p�ctlon.Lender may entor the property to inspect it if Londer givee Borrower notice batorehand.The notice muat otate tM rauonabFe
<br /> cau�se for Lender's Inapacilon.
<br /> 16.Cond�Uae•Borrower asal Qns to Le�der the procaeds of eny owerd or cleim for damapes conneotod with a condemnation or otMr t�kinp
<br /> ----::-°::� securl�t}ri agreementf tl�e�roperty.Such proceeda wfil be npplied ea provtded In Covenant 1.Thls asslpnment ie subJsc+t to the termt of�ny prbr
<br /> � � 78.W�ivw.By exercising any remedy evaileble to Lentler,Lender does not give u�any rlphte to later u�e my other remody.Qy ncrt exercicinp
<br /> ------- eny remedy upan Borrowor'e doteutt,Lendcr dana ivot waivtl euy d�ht io lota�cons.dcr tha nvcnt o dofault tf It he�!ne�eln.
<br /> ��� 77. JoiM�nd tiewrM U�EM1ty; Co�►�r, Sucarawn �nd Ata4pm Bau�d.All dutiss undee thie deed of tru�t ere Jolnt �nd�evenl. Any
<br /> Borrower who co-slan� this deed of trust but doea not co•slvn the undert�In� debt initrument(�) doe� so onty to prent and convsy thet
<br /> _R�=�� 8orrawer'�fnturest In the property to the Truttes under tho tem�e o}thie deaJ o(truet.In eddttlon,euch a Uorrower epros�thst the Lender�nd
<br /> .-�A� debt whit�fiout that Bor'ower e�content er Auwlthout rele,sdng thet[iorrowcr f r m iha terms of thie ded of trust thi:deed of vust or 4he securod _
<br /> =� The duties and benefita o9 this deed ot tru�t shall bfnd and beneHt the succe�sou snd easbna of Lender end Borrowor.
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<br /> �-''-��+*'1'� 18.Nodc�.Unleae otha►wise requirod by law,eny notico to Bonower shell be piven by delivering it or by meiling it by certified mill eddrosssd to
<br /> - --;;�"'`''��� Borrowor et the property�ddrea�or eriy other eddreee tAet Borrower hee piven to Lender.BoROwer wlll pive eny notice to Lender 6y certitled
<br /> - "�'!'��;�� m�il to Lendar'o eddrus on page 1 of thl�deed of nust,or to eny other eAdrosa which Lender has doeiynated.Any other nottce to Lender ahpll
<br /> .��:..'••;�+�: be cent to Lender's address es eteted on pa�e 1 of thle deed of truat.
<br /> - --.; �ff.� 1.. �
<br /> ";.;r��.��'.���: Any notice shall be deomod to hove been plven to Borrower or Londer when g(von in tho mannar steted a6ove.
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<br /> �*,.�;r:+;1 t��..�. 18.Tnn�tw of Uw Prop�rty a�Banafklal lrtt�nst In 4h�Bouovrer.If ell or ony part ot tho proper�y or eny Intereat In It Is sotd or trenaferred _
<br /> - •� without Lender's prlor wrftten conaerrt, Lender may dem�nd Immediate payment of the secured debt. Lender mey elro demend Immedi�te
<br /> -.,r;:�'�':� , paymant if tho Borrower Is rtot a neturalpe rson end e beneticfal Intereet In the Barrower la so�Q or trensferted. However. Lender msy not
<br /> �� '•�''�`��`' � demend payment tn the ebove situatlons It It le prohfDited by Tederal lavi ee of tlb date of thls deeat o}trust.
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<br /> � 20.R�eonwyanc�. Wl�on the obligatlon secured by this deed of trust hae bnen peld end Lender has no funher obligatlon to make edvancoe
<br /> - � under tho instruntente or egreemente eecured by thi�deed of truat, the Trustee shel�, upon written request by the Londer,roconvey the truat
<br /> _ . __.t� pro�nr't�y^T�h��e���s�lrrnwaritialltne vnnv rc ordntionBcoete er'e successor In interest,the truet doed and the�ote or other evidence of the
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<br /> ��� ,,.,`,"``', i 21. Bucca:or Tnt�tw. Lender, et Lendor'e optlan, may romovo Trustoo flnd uppoint a succoseor trustoe by flrst, maiiinp o copy of tho -
<br /> subatitutlon of truotoo oa roqulrod by eppliceblo lew,end thon,by tiling tho subetitution of truetoe for record In the oHice ot tNe repister of deeda
<br /> � ot eech county In whlcM tho truat property,or some peK thoroof,la cituated.Tho succosaot trustoo,without convoyancn of tho proporty,shall
<br /> " succoed to elt the powor,dutles.authorfty nnd title of t�tio Truatoo nemod In tho doad of truat and of ony suCCOSSOr truatee.
<br /> IDiO�?ol 2!
<br /> " . , � BANKEf1S 6YGTEMS.INC..6T.ClOUD.MN 80901 11�800•397•49411 FORM OCP��7T6NE 0/1BR1 _
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