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<br /> .. �.' Rowet a es to meke ati sYmar�ts on the secured debt whon due. Uniesa Bonow�ody�oVe�egornes����deb . � �_ �._
<br /> - - - — 1. P�. Ba � �� --- — -
<br /> __ . _ _ _ -_ p�erRe LenQtu reeeivas ham Borrowor ar_ r Boaowefs benefit w0i Da spplted fxst to any��
<br /> . ` exetusive af ir�terest or principal,second to irta�.anQ�d,p��a��a�pfeP��ert of the secured deht oeeure for enY teeson.it vrili T .- .-_` -
<br /> e aQ ae�us
<br /> �. , not reduce nr�cuse any scheduied paym�ul�U p,:,,,: ' ; � • , , •� .
<br /> . 2 Ctalms Agretns�4 aTiitte.Botrowet will pe _ell tBgeSr" e�its.and atli8�Ctlat9BS etlr�uteDle i01hepro pBtLy when Que end wiU defestd Utle �>J. . .o :` r_�-..
<br /> d���[q�e�o r r o w e r m a y h a v 9eg a�i n s t p a n t e s who 6 u P A Y 1e��aa materie's�imDrov or maarRein thercP Pr�assign eny dghte.eleims ar ��• ` ` ,`
<br /> ` : �,.��� � 3,pssurmtae.Bartower wili&eep the property insured under terms aeceptaDte co lender at Bonowar's expense and tor Lenda�'s Oenefn.AU . � ' �F ,�_ �
<br /> ` •�.�� a msurance palides shall tndude e stendard mortgage dause in favor of Lender.Lender wii!be named as toss payee ar es the insured on anY sueh G< ' .
<br /> �����po��.������pro�qdq�y�sp plied•witNn Lendera dlsaetion,to eiti�er the restoration w repair ot tfie Qamaged prcperty �':���
<br /> , � i ;� � or to the seaaed deCt.tf iendar requires mortgage insursnce.Borrower agrees to mairrtain such tnsuranee for as long as Lender requ'ves.
<br /> c q,proyarty.Bortower wil!keep the proparty in goad wndition and make all repaUS reasoneLiy necessary• � ,
<br /> �-"_. � . 4
<br /> — � 5,Esppttsge.Borrowet eg�ees to Dey aU LenQar'S expenses.fiitdt�d'ets9 Eeasane4te stt°m91f��tees.H Bortower breaks enV covenaMs in this deed
<br /> of trust or in any oqtigetlon seauad by this Qeed ot trust.Bortower v�nU pay these amouMa to Lender as pravided in Covenant 9 ot this dsed o#
<br /> , ` < ,� trust. •
<br /> . , ���Se�.gt�Jea�,UwiU�per�tor�mW all of Bort�uw�ers obl gad'on.mseunder anY ptiar�mortga9en deed of�VUSt ar other s��eemeit t. , I . ;�:
<br /> , � - : inetu�n9 BortowBPs Covenarrt8 to make PaYmetrts wAen due. • � r...,;1,�.~.,
<br /> ' � ,' � 7.qsatID�mont of Rertts and Rwftte.Bor►ower assiSns to Lender the rents and profits of the property.Untess Barmwer and Leader have agreed • _ . ^•, :Y.
<br /> ` � `i •� otherwtse in writtng.Bortower may ooitect artd retaln the rents as tong as Boaowerand coilect the reMSBAn11 re Lender cone8ctsshaU be L - •• •
<br /> ageM,ar a caurt appom t e d re c e i v e r may m k e p ossession and manags the properhl
<br /> ` =� apphed firet to the coscs of managing t h e propertll•induding�court coste and��m on the sea�ired debt e�.s O�ov�id e�d in SCo�naM 1�y other ;�; .
<br /> ' � necessarY relatad expenses.'The remafni�g amourrt of cents wi11 thsn appiy to paym u� y
<br /> � �k:-��r.:�.
<br /> � B.teasehotd�CundomUdurt�s:Ptarmad Unh Qe�reioart►e�to.Borrower a�e es to comuty wttfi the provisions of at►Y lease ff this deed of trust is on , ..._', ._—
<br /> ' ' � a teasehoid.i�this Qeed of vust is on a unit in a wndominium or a ptanned unit davetopmefrt,Bartower will parfortn all of 6orrower's duttss .•.,�:4__.
<br /> • �£ under the covenaMs.bYdews.cr reSulatiar�s°t the eondomWum os pianned wdt devetopmetn. _
<br /> � g.p�ority Qp Lendor to per[orm for Bortower.M Borrower fails top edorm any of Bonower's duties under this Qeed af trusL lenQer may
<br /> � ea�nswcUon o�n the prropeny i�s�c�ont�Ume d a►no c�[ed on(n a�e as�ona6 e manneme or er may do wha eve►is&ea.ceryssarN�n pro�ct�l.e n de s ,_,s;i-
<br /> ' � security tr�erest in the property.This rt�ay indude completing the construction. , :;�:�
<br />� ` �-" Lender's ta�Ture to pertortn wi0 not preWude Lender from exerdsing anV of Rs other Hghts under the law or thta deed of vust. `—_
<br /> ` My amounta.paid by Lender to ect Lenders securitY interest will be secured by this deed of Vust.Such amouMa w1��be due on demattd �� ;- i"'�
<br />- � :'-�j;_ and wil!bear mterest from the e of the payment urrti!paid in futi at the interest rate in aHect on the secured debt. �,.•, �:.��.-
<br /> � ���` 10.Defmdt and Aa�eratian. tf Borrower fails to make any DaYmerrt when due or breaks any covana�rts under this deed of uust ar arry • %�,-.d
<br /> .,_. .. . ��.- ae�m�+ne rt„med`ii e paymer►t end may�oke�e Powe of sgate and a y otfier er�i�iedesdperm8itted by app il t�ble Iaw��of the sacured debt 8nd - _ �:,,..,
<br /> ti� Y _� ':'i:j T�:`,
<br /> • J c c 11.ReQuast tot NoUea o1 Detat�Tt.lt is hereby requested that coptes of the not3ces ot detauft and sale be sent to each potson vuho is a patty rY�� �e�
<br /> � heteto,at ths addresa of esct►such person,as set fonh herein. .`.��`--
<br /> ��.:
<br />� ` 12.power of Sale.If the Isnder inwkes the power of sate,the Truatee shalt Hrst record in the office of the tegister cf deeQs of each courttV -i..=_
<br /> � wherein tAs t�nist propertY or some part ot parcel thereof is situated a noUce of QetauR cacrtaining the infortnation�equired by law.The Tnutee .�
<br /> �• } , sfiall atso mail copies of the notice of default to the Borrower,to each persan who is a pariY hereto,and to other persons as Drescribea by � i, ^
<br /> s not in any � ia`.
<br /> ' � a p p i i c able Iaw: Not Iess than one month after the Trustee recorda tha notice of datault,or two manths if the vust propeRy i �;
<br /> — —� - ineorporated etty or vil�age an d is use d i n fa t m i n g ope r e t i o n s c a r r i e d o n b y t h e tr u s t o r.t h a T�+s 4 e e ehe��6�v a P util��ce af sate to the peraons ';�-�
<br /> and in tfie manner prescribed bv appptipble law.Trustea,withaut demand on Bortower,shail sell the propertN at publia au c t ion to Me A igh e s t �. _
<br /> bidder.tf required W the Farm Homestaad Protection Act,Tn�.stse shall offer the property in two separate sates as required by applicabie Iaw. �""`;�,
<br /> .'u::� �
<br /> � Tnutee may postyone saie o f a(1 or any par c e)of the pro pe ri y b y pubiic announcemant at the time and ptace of any previousty scheduled sale. *T��.�
<br /> Lendar m its designee may purchase the Oroperty at arry sate. �!�,
<br /> , r;= -
<br /> Upon recefpt ot pavment of the price Gtd.Trustee shatl deliver to the purehaser Trustea's deed conveying the property.The recitiats wntained in � �:
<br /> � � , +� ; Truatee's deea sha1�he prima facie evidienca of the wth of ffie statemenfs corrtained therein.Trustee sfiali appty the Proceeds ot the sate in the , ..�
<br /> toflowing order. (a) to all expenses of the sate, inciuding, hut not limited to, reasonable Trustea's tees, reasonable attomeys feea and :y��-
<br /> ' reinstatement fees;(D)to att sums secured by thia deed of trust,and tc)the balance,if a�y,to the persons legalty enttUed to receive it. ..`�:;,t�:
<br /> . : ;!.;? 13.Forectosure.At Lender's opUan,thts deed of ttust may be forectosed in the manner provide by appitcabte Iaw fa toredosure of mangages i: ,3::w.
<br /> onrealproperty. � �=A
<br /> ' � 14.Uwy ocdon.Lender may errter the property to inspeet it if Lender gives Bortawer noUce 6etorehand.The noUCe must etate the reasonaDte ;.":'� _��,._
<br /> " cause Tot Lenders inspecUon. �
<br /> . ��.
<br /> �• � 1g,Ccndemnadon.Borrower a&si�n s to Lender the Croceeds of any awerA or ctaim for damages connected witb a condemnatlon or other taking _
<br /> � � � of all ar eny part of the property.Such proceeds will be appiled 8s provi0ed in Covenart 1.7his assignmarrt is subjset to ths terms ot any prtor ��,;:
<br /> � - � security agteement
<br /> � �� '`• 18.Waivaa By axercising any remedY availa6le to Lender,lender Qoes not give up any rlghta to latet use anV other remedy.By not exerclsing
<br /> arry remedy upon Bonowers defauR,Lendar Qoes noi waive any�ight to later consider the event a defauit ii it happens again. .
<br /> 77.Joint and Several Littbility• Co�signers; Succeasors and Assigns Baund. All dutles under this deed of uust ara joint and severai.Amr , •
<br /> � � Borrower who co-signs thia deed of trust but Qoes not co-sign the underty1ng debt instrumentls) does so onty to grant and convey tfiat
<br /> r�• Bartower's intarest in the property to the Trustee unQer the termiya uof this deed oi uust.In addiUon,such a Borrower agrees thet the Lendei and ..
<br /> � . debt witti ut trthat Bonowe►eiconsent end wnhouYt r le easing thet�orr6we rNom the terms of this d9ed of ovst thia deed of trust or the secured • . .
<br /> �,
<br /> . . The duties and beneflts o!this Qeed of truat shall bind and benetit the successors and assigns of Lender and Borrower. . .
<br /> 18.NatIeo.Unlesa otherwlss requlred by law,any notice to Bonower ahali be given by delivering k or by maiiing it by certified mail addtessed to ...
<br /> � Borrowor at the property adQresa ot any other address that Barrower has giv¢n to Lender.Bonower will give any noUce to Lender bVi cerUfied .
<br /> � . be sent to�LenQers eddress as stated onipage 1 of this deed of tro�ther addresa which Lender has designated.Any other notice to Lender shall
<br /> . ' Any notice shali be Qeemed to have been given to Borrower or Lender when given in the manner stated abova. • ,
<br /> 79.Trana4ar of th0 Ptoporty or o Oonoflcia!Urtoroat in the Borrower.if ali or any pnrt of tho proportY or any iMeros!in ft is sotd o�tranefenod � .. �
<br /> wlthout Lender's prio►�nnitten consent, Lender may demand immediate payment o1 the 8ecured debt. Lender may atso demand immediate
<br /> � payment if the Borrower is not a natural Oerson and a beneQcial interast in the Borrower is eotd or transfened. However, Lender mey not
<br /> . demand payment in the a6ove situatlons if it is prohibited by teQerel law as ot tho date of thia deed ot bust. •
<br /> 20.Reeonveyance.When the obligation secured by this deed of trust has been paid, and Lender has no furtfier obligation io meke advances � .
<br /> under the insVUments ar agreementa secured by this deed of truat, the Trustee ahail, upon written reQuest b�the Lendar,reconvay the trust
<br /> � � � property.The Lender shalt delivet to the Borrower,or to Borrower'e successor 1�interest,the uust deed and t e note or other evidence of the
<br /> obllgaUon so satis0ed.Borrower shail pay any recordation costs.
<br /> 21. Suceessor Tnutao. Lender, at Lendcable Ptw�andathen,by filing tho sub ttuUon of trustee for rocord in the off ce of thie registopot Qeeds .
<br /> � substitution ot trustee as required by eppl ,
<br /> of each county in which the trust property,or some part thoreof,is aituated.The successor trustee,withou!conveyance of the property,shail
<br /> , ,
<br /> succeed to atl the power,dutias,authority and titte of the Trustee named in the daed of trust and of any suceessor trustee. , �
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<br /> • - BANKERSSVSTEMS.INC..STCLOUD.MN'J6301tl�80b397-I301)PORMOCRMT6NE6179A1 ___ _,_ -
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