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<br />''.y�'�'.>w4R COVENANTB �� 1O�l��
<br /> 1, p�yrnKRe. Borrowor +��rev�i ta mn�c stt py:rrnle en th� ear:�ued de6t when du�. Unla�c Borrower end Lander epree otherwine, e�Y '-°°:_
<br /> " o<ctlislva�ofelntc aet or prinrlpel,eeco d to iliteres�and then to printCipA�l,bf panlal pro�peynent o4 the aacurnd debt occuee 1or niny roaa�n,�it�wlll ��
<br /> not reduce or excure ony or,tieduiaq pAynion4 untll tho oocurcd dcti4 I�pr_Id In tull.
<br /> . � co��oM�tM�0:�1'y���,1n+p•Yi�lbUlf+��l'Ipawthi I�n�o1 thli deid of trui�te Lsnttd�lium yisqulri Borro6wer to esslpn�ny rl4�iti�clilmel or
<br /> � � detfnte�whlc otrawir m�r/•Mw 1�!,�MLP+(�1�0�upply I�b6r or m�terl�t�to Improve ar mNnte!n the property.
<br /> i� ... .. . ��.r a�,�a,�,
<br />-_':'.`,i�,,;� � �, InMx�nc�. Borrow�r wfll knp{M piop�rty Inwnd und�r termi �cc�ptable to l�ndar�4 0arrowsr's expente md for Lender'� beneilt. All `
<br /> � � Imunnc�polieN��hrll Ineluda��t�ndard mat9epe cl�u�r��f�vo►ot Lbnd�i.L�nd�r wlll bs n�m��n lon p�ye�or a�tt»fn�ur�d on�ny tueh �_,
<br /> In�unnca pollcy.Any Insunna procnd�meV be epplted,wlthln Lender'�dlscrst�nn,t�elther the n�toratlon or rsp�lr of th�d�m�p�d proporty
<br /> _��� Q�to t�iocur:d d:Dt.14 Lcn�:r rcqu!rc�mnrtpc�a Insurence,eonower enree�to mdnttln euch Intui�nce for a�lonp a�lender requlrne.
<br />_�_.;.�., y2 �`-_.
<br />-�,���.. 4,�tpp�rty.Borrowv wlll k��p tM prop�rty In pood condltlon�nd maks�II rep�in rarwmbiy n�cesa■ry. °-
<br /> �'!�i0� 6.ExpK:�a.Borrowv�pnea to pW dl lsnder'e exp�n�a��Includinp re��onebte ettorneys'feos,14 Borrower broake any covenmU In thb dead
<br /> N'
<br />--- _,�.- of trwt or In ony obllp�tbn wcund by th4 daed of tru�t.8orrows�wlll p�y th�s��mounU to Lender��arovlded In Coven:nt 9 a}thb desd ot � �.
<br /> IIWt. e�'
<br /> '� e. Pr1o�O�c�y Muraat�.Unln�Borrower flnt obt�lm Lender'� wrltten consent,Borrower wlll not make or permlt any chsnye�to�ny prtor
<br /> �.,
<br /> � � secarlty Int�nsl�. 8orrowK wlll {»rto►m dl o}Borrower'�o611p�tlony under my prlor mbrtpspe, deed of trust or other aecurlty ayresment, t;_-�
<br /> Inoludlny Borrow�r'�cownant�4o m�ko poym�nts wlNn dus. �
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<br /> ,;; ,����, '; 7,/1��i�t o1 RM�to�nd Prufk�.Borrower ndpm to Lender the rent��nd proflte oi the property.Unleu Borrower end Lender h�ve�grosd
<br />°� '+• •+;s . othtrw(s�In wrltlny, Horrowx m�y collect aixl��tdn th�ronte�s lony ee Borrower le not In detau!t. It Barrower def�ulte, Lender, Lendar'e
<br /> =.:"+� • �gent, or a court�ppolnted rocelvsr mey t�ke posawlon snd manape tha property end collaat the rent�. Any rente Lender colleote ehnli be
<br />� ;=x>m��° ' �pplled 1lrst to the cost�of m�napinp ths property, (noludlnp caurt cott� end ettomeye' fees, commVtt.ons to rontel epente, and eny other
<br />''-_ ,_.,� • noc�tst�ry rel�ted oxpemes.The rem�inlnq amount of reot�wfll then eppty to peyment�on tho secwed debt aa provlded In C�vonant 1•
<br /> '�'�' dorrowar e�s to eomolY wlth ths provl�.on�of any N�se It thl�de�d of aust i�on
<br /> -:�i-s-�a� Y.L��hofds'Con�lo�t�Ntitsetf�:Ne�d UNt D�wiop�b• �
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<br />- -.. 3� ,: �I�u�hotd.1�th��d�ed of trwt I�on a unit In�condon+tnlum or a p�nn�d unit d�v�bpm�nt, Borrow�r wfll p�rtorm oll oi Borrow�r'i t •
<br />���i;��,w.;•� un�r ihe cobenente,bylaws,m��gulattons of tM conduminlum or pl�nn�d unit dnvdopm�nL
<br /> •�+�•�' 9. Authaity of L�adw to P«taon for OoROwM. If Borrower fdls to�pertorm �ny of Borrowsr'� dutles under thU d��d oi trust, L�nd�r may
<br /> L�=fij:�ip�.r , psrtam tM dutN�or ciut�tMm to b�p�rfam�d.L�nd�r may alpn Barower's mms or psy eny�mount If nacea�ry for psriotm�nce.If any
<br />°-'��" � conitructlon on th�property I�dUcondnued or not cu�led on io�nuombte mannsr,ler�der may do whatever It nacetiwH tp protsct Lond�r'�
<br />„=��., � sscurlty Intero�t In t►w property.Thb m�y Include completlnp the aonetruotlon.
<br /> . i:.'�� Lender't faflure to pertorm wlll not prealude Lander from�xard�lnp my o}It�other rlpht�undu tha I�w or thl�dead of trust. -
<br />''�'�°.'-�`-�',..i_'��. ny
<br /> °-=-��� ind wili�ir Into�rietYfrom th�tdate�of thi pam,nt ent f p,d In tull et�thi�intereitaite IniHi�on ths eecurad dibt�nt�wlll bs due on d�m�nd
<br /> -:;t.�
<br /> �,-•,r' 10.D�hult�nd AeoN�ntlon. If Botrown falls to m�ke �ny pryment wl»n due or break� eny coven�nt� under thla dead o truat or ��y
<br /> - r����• obllpatlon sscursd by thly deed of trwt w �ny prlor murtqaye or desd of truat, Lender maY�ccebrate the m�turlty of th� secund d�bt�nd
<br /> . demand Imm�dlats paymant md m�y Invok�tM pow�r of ul�md�ny other ram�dles permlited by�ppllcabt�I�w.
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<br />�--'=`-'�'� 17.Raqw�t tor Notic�af O�fn�lt.It ls hereby raqueRted that coplei of the noticet of default and ede be sent to each p�rson who I��parry
<br /> -�=;,;f��� he�r�to,st the sddre:s of each tuch p�rson,as tet forth hersln.
<br /> _:-�y�;,�j 12.Paw�r of S�N.If tM L�nder Invok��tM powe of ut�,tM Trutte0 shan fira record in ine oiiiu9��ir�r�N.Y•r a!�-t��!!e[h anunty
<br /> _.Wn�::a� wherefn tM truat prop�rty or t�m�psrt or paral th�reof Is sltwtsd e notics of det�ult contdnln0 fhi,nera�mtoloOi�q�������s p�rstcrlbraud�by
<br /> --�•_� sh�ll d�o mdl copl�s of the notice ot d�twh to ths 8orrowsr,to sach perwn who Is�p�rty ha � �t In �ny '
<br /> n��a-s sppllc�bN I�w. Not ks�than one month aftu tM 7ruttss ncord�ths twtfce of dehult, or two moath� I}ttb trutt prop�rty 1
<br /> ;�•;_. Incorpor�ted clty or vlllaqe and fs uaad In tarminq oper�tlom cxried�n by th�auna,ths Trustee thal!plve pubNa notice of sNs to tM psnon�
<br /> �nd In tM menner pnsuib�d by�ppplic�bte I�w.Truetee,wlthout dem�nd on Bor�ower,shell sell tl»propsrty�t publlo auctbn to tfis 14p1»�t
<br /> � add�r.If requked by the Farm Homsateid Proteotbn Ant,Trwtee�hall oHer tM property In two eeparats sds�a�raqulnd 6y eppllcabl�I�w•
<br /> --- - Tru�tN m�y poitpone sUe of all w any parcel of the proparty by pubilo�nnouncoment,t the tlme�nd a�ce of�ny asviously tchadul�d��N•
<br /> --- Lend�r a lis tNalyr»�may purcT►�s�th�property at�ny sd�.
<br /> � Upan r�c�lpt of pe1rment oi ths prlce bld,Tru�t��sAell dellvsr to the purcha��r Tru�te�'i d�sd convsylrq tl»prop�ny.TM reclti�l�contdned In
<br /> Tru�tee's deod shall be prlma tact��vidtenca o}tM truth of the ststemente contalned therein.Trustes sh�ll�pply ths proceeds of the�ale In ths
<br /> --------�- rAinstaiemen fees��IG)to�afl 6umsje�c u ed by thle�dMd off tgust�end(c)thet batencr,�lfESny,t�o t1»psnons lepilly antltled to iecelvs�lt.f�� ��
<br /> �_��� 13.Fondown.At Lender's optlon,thle deed of trust msy be foroclosed In the msnner Nrovlde by apptica6te I�w tor foroclo�ure of mort9�Ws
<br /> ___ - on n�l property.
<br /> �� 14.In�p�eUon.Lend�r mey enter th�property to Inspect it if Lender plves Borrower notice hetarahand.The notice must etets the mson�bN
<br /> _ caw�ta L�nder'�lnspeotion.
<br /> 76.Cond�rtwMtton.Borrow�r aselp�m to Lender the proceeds of eny sward or clalm for d�m�9��connuctod w(th�condemnatlon or otMr t�kfnp
<br /> = of�Y a any pl�R ot ths property.Such proceeds wlll bs�ppllad ao provlded In Covenant 1.Th!s eeolpnment Is subJect to ths tsrms ot my prlor
<br /> --_ = aacurity egnement.
<br /> ---- — any iemedV uponx�8wrowe rse default,l.indair doei�oot wilve anyr Iyht to Istea�con�ider the ev�nt i dsiult if It h�pp�sni ypilny'By�t exerct�tnp
<br /> --- - 1T.Jok�t�nd 8wnrd lt�Mty: Co•alyn�n: Sueeasort �nd A��iOu�6axb. Ail duile: undar thl� d.cd of tsu�t ere jolrtt enQ eeverrl. Any
<br /> Borrow�r who co-:19m thl� daed of trust but doea not co•alpn th�un9�rtVInp debt InaVUmantlsl do�s �o only to prent �nd convsy that
<br />�,��� Ba�owx's(nt�rsst fn ttro property to the Truate�undtr tt»temfy��of thl�deed ot trust.In additlon such e 8orrower eprees that thu Lendsr�nd
<br /> �" debt w thout thetM6oriodwer s�conient ind wfthout�elee�ilnq thit Borrowa�from the terme of thic c�ieedt�f tr�ust thl�deed of trust or the secured
<br /> ���i� Ths dutts��nd beneflts of thl�deed of truat ahatl bind and benefit tho euccesaore end ea�lpn,.ot Lar.��r enr!Iicrrevror.
<br /> - ,••��� 1!.Noeler.Unle�e otherwlae requlrod by law,eny notice to Borrorver shall be plven�y de!Iveriny It or by maillnp It by certlfled mo11 addres�ed to -.
<br /> --=':R�" Borrower nt the prcperty address or any other address tl►at Borrower hn piven to Lender.Borrower wlll fllve any notfco to Lender by certffled
<br /> - ���°F-'� m�A to lender's addras�on pepe t of thta deed of tru�t,or to eny other eddrea�whioh Lender hee deslpnated.61ny other notice to Lender sh�ll
<br /> �-�"`�2-�''� Oe aent to Lender'e addrose ee eteted on pape 1 of thle dead ot truat.
<br /> __;�t ' Any notk�shall be deemed to havo boen plven to Borrower o►Lendor when glvon In the manner otated ebove.
<br />.-i-i�y�t�r�u;
<br />=�'�';.`-t.�.. : 19.Tren�tK of tM Prap�rtY o��Bsrnfldd Int�n�t In th�Borrowe. Ii ell or any pert of the property or any Interest In it Is sold or tronaterred
<br /> '"'�: ' '� • without Lender'e prior wrttten coment, Lender mey damand Immedlate peyment of the �ecurod dsbt. Lender m�y elao demand Immed'+�te
<br />-°iy:•:�,�;�.�� p�yment If the Borrower ii not e naturel pereon end e boneticlal Intereet In tho Borrower la eold or Vanafenod. Howaver, Lender may not
<br /> _-•�`� ���,- dem�nd payment In tl�e abovs eitwtions If It b prohlblt�d by fedorel law as of the dete of thb deed of tru�t.
<br /> `'..r�r:��:�r.
<br /> 20.R�conwysnc�.When the obllBetion secured by thle deed of truat has bcan patd snd Lender hes no further ohllgntlan to make advancea
<br /> �,,;,°,;;��° under tt;o Inatrument�or eproemente aecurod by thle deed of truat, the Truatee ehalf upon vaitten roqueat by the Lender, reconvey the trust
<br /> �=-`s. - � property.7he Lender shell dellver ta the Borrower,or to Eiorrower'e auccossor In Interest,the truat deed end the note or other evidence of the
<br /> ���"-' g obllyetlon so setlatled.Borrower ehall pey any recordetlon coate.
<br /> "'y� •�==::�-�-- ---- r..��•.. ►o„drr. ar Lender's ontlon. mev romove Truatee end.eppalnt a succaseor trvatee by tirst, malllnp e copy of the
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<br /> - - �----''-°--"'---..i.�...J....n1.f��ti:
<br /> • �� + substitutlan of trustee es requtrod by eppllaabte lew,antl then,by nllnp the 6UD9Tttution oT[rustee�or rc�v�o�n�.�o v.�..o......,..-e---� -------
<br /> - _ .,� of each county In whlch tho trust property,or some part thereoT,Is a{tuatod.Tho succoasor truateo,wlthout conveyanee ot tho property,shall
<br /> � f succeed to all the powor,dutlns,authortty and title of tho Trustee named In the deed of truat end of eny succeaeor truatee.
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<br /> � �}. IP�p�2 0/71
<br /> �'� BANKER$BV6TENIS.INC.,GT.C10U0.MN 06307 11-SOW9�•29�11 FOFIM OCPaV1TW1E e/t BI'J1 _,
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