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<br /> CQVENANTB (�, �'.o �����1� �:
<br /> 1. PoymQntr. Fiorrawor epreas to mako oll paymenta un the securod debt whon duo. Unloae �orrowor nnd Londc► aproo othmwloo, any
<br /> paymcnto Londa�recoivas Srom Oorroercr or Yor porrowcr'o bonofit v�lll hs eppll::d Piret 4o cny cmounto Borroe�cr ov�oo on tho eocurcd dabt
<br /> exc1u41vo of Intereet or principel,4econd to Intere�t,and then co princlpil. It partid prepeyment nf tha tecurod debt oacure for eny raneon,It will
<br /> . not reduce or excwe eny ocheduted psyment untll the eecured debi is peld In tull.
<br /> f�' Z.CIaIm�Aptl��t Tttl��Borrow�r wlil p�y�II t�r.et,���etcm�nt�,�nd ottKr chupu�ttrV?aut�bta to the proparty whon duo end wlll�dstend tltl�
<br /> � ta the propertv�Gdn�t�ny clalnt�whlch wouid Impalr the Ilen af this deed ot t�ust.l�nda►m�y requtre Borrovrer to eselpn eny rlQht�,cl�imf or
<br />,:Y y � d�f�nw�whlcli 8orrowsr m�y h�va�p�lnst pmiea who�upply 1�1bar or ms�Hrlab to im�rov�or melntsln the property.
<br /> ' ' 3.Imur�tes. Borrower wlll koep the propeny Imured urvler term� eccept�ble to Lender et Borrower'� expeme and for Lender'� 6ennfit. All
<br /> " In;uronco poilcl��ehall lncluda n etnnAcrd mort eQe cleu�e ina�fe�vor o�Lend6�.Lender wll!be named�s lo�*,payee or es the Inwrad on eny euch
<br /> msurmce pn'iicy.i+oy in�urance�iiuu:iiui�ii�y�w n �rf�o�.L'.�.:nn...:..,,�3 L���II".3IIi:. ...�421:'! .�'�.�-24T_.-BR Or{.r.alr�}�hw Mm�awd nrna�rty _.
<br /> `�;�' ^ � or to tl►s sacured dsbt.If Ler►der nqulm mortp�p��naur�nco,Borrower�prees to mefntUn wch Insur�ncu tor�i lonp+��Landu�equlrei,
<br /> - :�; �'
<br /> 4.Prop�rty.8orrower wlll keep the property In pood conditlon and meke alt repa�re roeaona6ly neceasary,
<br /> � :
<br /> _: _ � 6.Expsn�a.Bonower�prees to pay nll Lender's expen4e�,includlny reesoneble ettorneys'feee,It Borrower breske eny covendnt�in thl�dsed �::
<br /> of tru�t or in eny obiipstlon aeaured by thi�deed of truat.Borcower wlll pay these amounts to Lender ae provlded in Covenant 8 of thls deed of
<br /> � :�. trwt.
<br /> .: .� 8.Pdor S�eudttl Int�r��U.Unlso9 Borrower tlrct obtalna Londor'e wrltton consont,Borrower wlll not meke or permit eny chenpee to eny prim �'_
<br /> � • cecurlty tnteree�e. Borrower wlll�enorm ell of Borrower'e obligetlone under eny prior mort0age, deed of truat or other security spreement,
<br />: r, Includinp Borrower's covanent�to meke payment�wheo due.
<br /> ' 7.A��iW�rtHn2 of R�nt��nd Protlb.Borrower essipna to Lender tha rents end proilts of the property.Unleea Borrower and Lender have egreed �'.,
<br /> � �• �t�, otherwtss In w►(tiny, @orrower may eollaat�nd retein the rents as lonq ae Borrower lo not in defauit. If Borrower defaults,Lendor, Lender's _
<br /> . epent,or s couA eppolnted receiver me1r take poasesa lon an J monape 4 he propo r t y an d ca l l o c t t h o t o n t a. A n y r o n t c L o n d o r c o l l e c t a a h a l l b o �.
<br /> _,�; applled first to the coate of maneging the property, Inciuding court coate and ettornoys'fees, commiseions to rentel epents, and eny othev
<br /> �,°-�r� neceaeary reieted expensea.The remafning amount of rants will then oppiy to peymente on the secured debt ea provldad in Covenant 1.
<br />'-`�'�,'S�•� B.La��t�olds•CondanirAum�:Pt�d Untt D��Nopit��t�.Borrow�r a rese to comply with the provi�ions of any fsats if this dsed of uuet ia on
<br /> '�;,�":-�;.;, �I�aa�hold.1�thl�d�sd of trust Is on�unh in s condominium or�p�a�ned unit�Ievobpme�4,Borraws�witl p:rform�il of Barrosvcr'a dutl:s �
<br /> _ �� undar the covenant�,by-lawi,or repul�tlom of the candominium or pt�nroed unit dsvelopmant.
<br />:.:?�±c�`
<br /> . 8.AuModty of LKKI�r to Ferform fa 6orrow�r. If Borrower fetl�tnpe riorm any of Borrowar's dutie� under thi�deed of truat,Lendx m�y __
<br /> r �� perform tl�e dutie�ov cause them to be performed. Lender may eign 6o►rower'a name or pay any emaunt if neces�ary for perform�nce.If any =_
<br /> '� }��='� coneuuotlon on the propsrry la dlecontinued or not carrled on in e roaaonable menner,Lender mey do whatever le necetsary to�arotect Lnnder'e --
<br />���;�,�.r'�. cecurity interest In tfie property.Thie m�y inc�ude completinp the constructlon.
<br /> -�x�?�—_.—_ Lender's falture to pe►furm will not preclude Lender iram exercfainp ony of iro other Hphte unde►the law ot thle detd of trust. �`-
<br /> '��i��`� _
<br />:-�+_:+*�� pnY amounta p�id by Lender topr�tect Lender'�security interoat will ba cecured by thls deed of tru�t. Suah�mounte wiil be duo on demand
<br /> Y����� an�!w{ll bssr Interect hom the dats ot the psyment untii pNd In full et ths intere�t rote 1n oNeot on the�ecured debt. _
<br />-u_�-��� 10. DefMdt�red Acc�t�ndoe�. If Borrower falb to meke eny peyment when due or broaks any coven�nt� under ihla deed of vust or any
<br /> oblipatlon escured by thi�deed of trmt or eny prior mort9ape or deed ot truat, Lender may accelerate the maturity of the secured d�l�t aix!
<br />•�_+�'��7�� derntnd Immedi�te�ayment and may invoke the puwer of aete and any other remedlea pe�mitted by applicable lew.
<br />---�_'�'"� 11.R�awt fo►Mottc�of D�fWit.It la harahv roquested that coples of the notice� of defeult end ede be sent tn e�ch perwn who la� party
<br /> — horoto,it tFt��ddnss ot s�ch wch panon,ai sst tonh hsroin.
<br />.''������—_ 12.Pow�r of S�M.If ths Lsnder invoke�the powcr of eeie,the Trustee �hail firot record in the office of the ropister of deeds of sech county
<br /> �,.=T•�� wheraln the tru�t property or some part or percel thererf le eituetad a notice ot default cont�fnin0 tha intorm�tion roquired by taw.The TrusUs
<br /> " ""'�''� �hall dio mail coMeo ot ths notice of dsf�utt to the Borrower,to eich person who I�a p�rty hereto, and to other psrton�as escribed hy
<br />_•��-_, 4 i not in my
<br /> � �pplfc�bt�law. Nnt lec�than one manth sit�r ths Trustee records ths notice of dehult or two month� if the au�t property
<br /> incorporatad ctty or vllNps�nd b us�d In feminp opsratiom cerried on by the trustor,the'Fruste�sh�ll pivs pubila notic�of at�to th�peraona
<br /> ��-,.:;i�-'�A�i �nd in the m�nnx pnicr(bad bY�appplicable law.7ruttee,without demand on Borrowx. �h�ll�eil the p►opsrty�t publlo�uallon to th�hipheat
<br />--a�°~ bfdde.It nqutr�d by the Farm Momeste�d Proteotion Aat,Trustee shall oNer the proDerttl In two sepxat�safer as raquired by eppllcaW�law.
<br /> �� LsndK a Iti d�abnee may purchasa tM procepsl�of;;y:erty by puWtc announcement st the time and pl�ce of any prevlou�ly�chedukd�eM.
<br /> --•�.�.,n..� Upon rec�ipt of paY �nt ot the{xics bid,Truota�ehtil deliver to the purch�te►Trustae'�deed conveying tM prop�rly.The recitlal�contdnsd in
<br /> — Truns�'e da�d shall�prtm�f�cls�vMience of the truth of ths statsmant�conteined thsreln.Trustea�hall apply th�procwd�of ths��I�in ths
<br /> — folbwin� ord�►: (al to �II snp�nse� of 4M s�k, Inctudiny, but not Ilmited to, reisonable Trustes'� tees, rsa�on�bt� attorn�y's tees �r,d
<br /> ninst�tsin�nt teet;(b)to dl sum�secursd 6y thls deed of trust,end io)the balance,If�ny,to the penons I�pally entitled to receiw It.
<br /> — 13.Fa�olo�ua.At Lend�r's optlon,thlt d�ed of tru�t mey be torecloaed In the m�nner provida by�pplictbls Iew tor toreclosure of mort���
<br /> on rod proporty.
<br /> 14.kawetton Lender may enter the propnrty to i�spect ft If Lender ptvea Borrower notice betorehend.The notice muet et�te the reaon�bb
<br /> causa ra Lender'�inspection.
<br /> �� 16.CondMw►�tion.8orrower rad0�m ta Lendsr tho proceeda of eny award or ctalm for dam�pe�conn�cted wiffi�condsmn�tion or otMr tskinp
<br />- 04 dl a�ny part ot th�prop�rty.Such prooesd�whl be appllud se provided in Coven�nt 1.Thl��ssipnment b aubJaot to the term�of my prior
<br /> --- �ecurity�grwment.
<br /> --_ — !@.t'9�:�-.B;r sr.erc[eln�eny remedY�bL�IIZNw tn 1 ntltl0►,ln�xier doea not aiva up any rights to later uue anY other romedv.Bv not exercf�inp =
<br /> �ny reme�ty upon Bo►rower'�detauk,Ler+dx doee not waive any ripht to later conslder the event�def�ult fl It h�ppens�p�►n.
<br /> 17. JoM�t�nd SwKr �y. Cailpr�a; liuce�sson �ed Asolpru Bax�d. All dutles urxier thi�daed af uu�t are �olnt end sevenl. Any
<br /> Borrown who eo•slpn�thi� dNd of Vust but do�� not co•sipn the underlyinp dabt Imtrum�nt(s) dou so onty to pnnt and conwy that
<br /> ---- --- 8arowN's int�nat in tM propety to the Truates undsr tM terms of thir deed oTtruat,ln addition,such a Borrower apreet that the Lander�rtd
<br /> �nY otMr Borrow�r ur�r tbla deed of trua may extsnd,modifv or make my other ch�n9es in the tsrm�of this deed of trust or tM�acund =
<br /> -�°— d�bt wkhout tAat Bonower's content md without retessinp that Borrawer from the terrt+s of thi�deed of truat. _
<br /> � The dutki and bon�fit�of this deed of Vust�h�ll bind�rsd bei»fit the suace�sore and e�stpn�oi Lender and Borrower.
<br /> �°`�;..,,� 1a.Nofk�.Uniui othsrwite requtnd 6y law,any nofice to Borrower ahall be given 6y dsllverinp f4 or by mailing it by certifled m�il addnssed So _
<br /> Borrowar nt tM property�ddreu or any ottv�r�ddress that Borrower has pIven to Lender.Borrower will pive eny notice to Lender by cerNfied =
<br /> �_'__�F""__�_;i maH to Lendo'�oddrat�on pa�e 1 of this d�ed oi tru�t,or to any other addro�s which Lender h�s de�i�n�tod.Any otheP notice to Lendar chetl �
<br /> - -�=_' bs st�nt to Lsnder's addnaa�c st�tsd an paye 1 of thla doed ot truat.
<br /> � ��' Any notic�d�afl t»deemed to h�ve baen ptven to Borrower or Leroier when ptven in ttw monner�tated nbove. ^
<br /> a�r��� _
<br /> `" 19.Tnnsfe►of 1M Prc►p�rty a a B�mik:l�l lntsrs�t in cM BonowN.If oll or�ny p�rt oi ths pmperty or any tnterest in It la�otd or venst�rcaQ `,
<br /> -"� without lender'� pr7w wrltten consent Lender may dernand immsdleto payment af the oecured dibt. Lendsr m�y el:o demmd tmmeditts -
<br /> _:�•.� :,
<br /> -,��i�v�{ , payment If tha Borrowe b not e natural person end a beneficiil tnterest In the Barrower Is sold oi trensferrod. However, Lender may not -
<br /> -- Mmand payment In ths�bove situ�tfons ti It la prohiblted by Sederel lew es of the deta of thia deed ot truat. _
<br /> '�AC',tl �.
<br /> - 20.R�eomvyax�. When the obUpatlon �ecursd by thfs desd of trutt he�Men petd end Lender hes no furthor ohlipatlon to m�ke edvances
<br /> undpesr the tmtrument�a�prsemants�ecund by thla deed of trutt,the Trustee shai�upan written requaat by the Lendsr,reconvey the Uust
<br /> rz obllgatrion o eati fled66orrowerehalltpey eny recordatlonBcusis er's succeseor in Interest,the truat dead end the note or othe►evidence of the
<br /> .i '�"'` 29. Sueeaasw Truste�. Londer, et Ler�der'e o�tlon, may ramove Trustoe and appolnt e oucceeeor duateu by first, maflinp e copy ot the
<br /> -�"'"' suAstitution ot truetAe ee requlred by appliceble aw,end then,by ffling the tubstkutlan of truatee for record in the ofilce of the rnpia4or ot deeds
<br /> , • of each county in which the truat property,or somo part thoroof,is sltuated.Tho succoseor truetee,without convoyance of the property, sholl
<br /> �� succeed to e!I tAe powar,dutiea,nuthority end titie of the Truatee named in the deed of trust end of eny succeaeor trueteo.
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<br /> �����.��• BANKEA3 6YBTEMS,INC.,BT.CLOUD,MN 6 6901 11-000•997•23411 fORM OCP•MT(4NE E118l81
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