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<br /> .'. .L` �,p�,�, gp�rowet egrees to make ell payme�ts on tha seaued dsbt whe�due. UNe�s Bortower and Lender agree o erw e, anf► ; S �' ,
<br /> � `. ``� `` , ex�sNe ott irt�te esto�P nClpal s�aco d t int rresBt�and than t�o pn�dP�.ef pa�ruai prePaUmeM of the sewred debtrocwrs ar a�r►y reason rtv�il ' 1 .
<br /> .`-�- -- -----'- nat redueo or exeuse ac►Y echeduied Payrnert untU tha Ueaued debt is aeid tn fu1f. _ --,__`_
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<br /> z a�� �0 d�,����Ynro�4.4d i�s��e� n of this de d of tru L Lende maY Q�Ba�pRO�r to ass(8n arn►�ights,d titte .— ;—_•-
<br /> _ . . . � to th0 Oro��$�� �D���iy Isbor or matertaia to Improve or ma�rtein tl�e Propartlr. ;
<br /> . . � ., deiertses w4�1 arro tnay h9 8�. ,� ,� ,
<br /> � . • � 3,�surm�ee.Bortowe�+nnll�ce�.'l119 Pf'QPSnll iASt1���U e�dptn f vor ot Le�n6�etb1Lenda ewiU be narned es Io�yae or as'the insnur d6oneany et� 6 :,c . . .
<br /> . ,r ' . tnsurance poltdes eha�tlactudoastenderd�8� � " `
<br /> , iruurancs Polley.Atry inststence proeeads meY oa eppited,with?n LenQe►'s discretton.to either the restoracion ot repatr of the damaged PrcAo►h►
<br /> or to thn seeured debt.i!lsndsr tequhes rnaRgage insurenea.Bartower a�ees to mai�ain such insurenee far as long as Le�der requUea. < � �• . 4`I.
<br /> . :;.�_: 4,propeRy.Bortowar will keep the D�PenY in goad conditian and maRe a41 repatrs reasonabty ascesserY. , :
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<br /> " g,Enpunsos,Borcower agrees w paV a1►LenGar'e expenses.inciuding reasonabte attomeys'tees,it Barrower Qreaks anY eo�en�ts in this deed
<br /> ` - - of trust or in azry obligation seciued by tRis deed of trust.Borrower v�n0 Day these amounts w Lender as provided io Covertant 9 of this deed of
<br /> - _ = ttust. _ -_-
<br /> ��sm�,g�pRO�wetfiwilj pg�rfo�rtn a0 ot Bartb ow rs�obtigation�s u d�e Y P or mortgage�de 4 of�urus�t o oU�r s�e namN�ee e�. .
<br /> . , inciuding Borrower's covenants to make paymems when due. .
<br />�:'f�. .. . ' . . ` �.p�i ot Re�sb�d�gm,B�py�r a�tgns to Lender the rents and profits of the property.Untess Bortowet end!e���de s ;4 � .
<br /> . o� �i�vyrittng.Barro�nrer msy eollect and re'tain the►etns as lang as Bortawerand o�tollect ffieu eMSBAnyNtenlseLendei ca8ects sitali De : * - .�.
<br /> • agar►t.or a coiut aPDcinted�e�e►ver maY take possession and manage the propeitY ,
<br />�.�,. � • ePPtied Tust w the costs ot managing t�He propertll, inciud'mg eourt wsts and attomeys' fees,eommisstons to raMal ageMs. and arry other
<br /> nepgsqery refated e�ans88.The remaWng emount uf re�snn'll then appty to payments on the secured debt as provided in Covenant 1• .:.. ; `:•'
<br /> � 8.�����n��.prannfld ttnit pevetaymerta.Borrowere�ees to comply with the Provisions o f any tease if this daed of uust is an •; _,�
<br /> � , a leasehald.If thfs deed of trust is on a unit in a eondormnium or a planned unft developmem.Borrower vinli Pe►fomn alt of Borrowar's duties � ._
<br /> i;� ,�; :I under tAe covenaRts,by�laws,ur regutadons of the condominium or pla�v►sd unit deva{opmenL ;..� a --
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<br /> -�? • . perto��e duq'ea or camuse tt�iem m be pe�r4or�meQ Lender m y sign Borto�wer's�ame 6 a r ro w eem mo�im t N ne c��essa�r5l�foi peA�ortnanceet f araiyy _ _.. _.
<br /> . � 1,!� eonstructton an the property ia d���ay i�uQe�mpl�ng tlie�ns�vu�'cUOn�ner.Le er may do whatever ts necessarN W o�e�t�dars e -
<br /> . security intatest 1n the property --
<br /> � r Lender's faiiure to perfortn wl0 not Preetude Lender from exerdsing any of its other rights under the Iaw or this deed o4 uusL ,
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<br /> � � Any emourta Deid by lender Lo proteo2 lender's securltY interest w�l he secured by tlUs deed of trus�t.Sud�amouc�ts wiil be due on demand
<br /> `•4--: � . •�'��;,•,~.�: and wn'ti bear irrterest itom the date ot the paYtnert untl0aid in fult at the irterest rate in effect on the secuted Qelrt. .. _ —
<br /> ` 10. Oe4mAt end Aceeterat1as�.�t HoROwer fai�w make any paymart when dua ar breaks arry oovenanfs under this deed of trust or any � �_
<br /> obilgatlon sewred by this deed of trust or arry prior mortgage or deed oT�rust.Lender may acceterate the maturity of the sewred deht arid -„�•'tiF y``
<br /> ' Eemand immediate payment and may inwke the power of saie and any other remedies permitted by applicabib law. � _,
<br /> ''' ,.:, ;;�•:�,�� ��,Re�quost tas tYottca of Defautt it is hereby requested that coDtes af the notices of defauft and safe be serrt to each Person who is a Dam .Y__..��
<br /> ��= � � �� hereto,at ths address of each such parson,as sst forth fierefi. r-��
<br /> ' �� 12.Fower of Sate.lf the Lender imrokes thb power af se�e,the Trustee shall ftrst record in the offlcs of the register of deeds of each cour►ty
<br /> wfierein tAe Vust PmAert1►or some part or parcel thereot is situated a nntice of defauft wnteinfng th�n�a�oU�aipersons eaW�resai4ed bY ��_�=
<br /> ' shatt etso maii coDies of the notice at defauit to the BoRawer,to eaeh persan who is a party he not h+aeV ' ___—_
<br /> applicabte law.Not tess�endis u ed in�iarmfig oe era�U'o�ns carri�ed enbl►d�e uust°ret�he Trustee si aU g'�ive pub irc no�U�otpsale m�he person� . _
<br />�'�.� inwrporated cttY m vlliag0 d .� �. ��-
<br /> . ' ' btdddei tlf te4uired bpY theFanr�^ompeAste�abdtProtecUo�n A�ct.Tn�is�tee shatl ofdtr^th�e Dr pertYhn two sepa ete I��BS�eseWited bY PDli�cabte� Ig awt , -
<br /> ,�; � , Trustee may postpona sale of all or any percei of the proparty by pubiic announcement at the tlme end place of any prevtausty scheduled sate• . ,! �:';�!"_
<br /> ' . Lender or its designee may Durchase the property et any sate. �'��
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<br /> {F Upon receTpt ot paym ent of the prlce bid,Tnuc•za shall deliver to the purchaser Trustee's deed corneYing the property.The recitials cor�u►ed in '�t
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<br /> • ',j��:� Ttustee's dee0 shall be prtma tacie evidence ot tS�e tMh of the statemerrts comained thereln.Trustae st�all apply the proceeds of the sate in the _ �—�=.
<br /> � " rein�st t8me t tee e�(b1 to all suma secured by U�i s�deed of�uusL and(c)ihe bala�e H any,bto��rsons Iegai eentitledt m�ieceiva n f� and '--
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<br /> � � � 13.Faradosu►e.At Lender's option,this deed of trust may be fotectosed in the manner provide by applicabie taw for torectosure ot mortgages .
<br /> � • : on real property • �j�_'
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<br /> � ' ••�%' t4.Ins�eation.Lender may enter the proyerty to inspect it if Londer gives Bonower noUce betorehand.The noUce must slate tlte reascnable _
<br /> ; . ;;'.;; cause[or lender's inspecUon. �:. �`_.
<br /> ' ��" � �� ' . •� 16.Condemnatlon.Borrower assig_as to lender the praceeBs of any award or ciaim for damagea connected with a conQemnetion or other taking .'F�, _'M:._
<br /> '•. �• .:
<br /> of aI1 or any part of the ptopertv-Sueh proceeds wiil be apD'�ed as O�ovided in Covenant 1.This assignment is eubject to the terms ot any prior •�.
<br /> i:•,:�'.',:'• ' securitYe9�eement. . —
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<br /> tg,yyatyer,By exercising any remedy avaitable to Lender,Lender does not giva up arry rights to Iater use anq otfier remedy.BY not exercising
<br /> ' � any remedy upon BaROweYs defauit,Lende►does not waive any Hght to later constder the eveni a defauit if it happens again.
<br /> -�;_ � � � , 17.Jalnt end 9everal Uab1IIty.� Co�ignera; Successora �+d Assi�e 8ound. All duties under thts deed of mrst are joint and several. A�y •
<br /> , �. ,r Bortower who co-signa this Qeed of trust but does not co-sign the underlylng deht i�mentlsl does so onty to grant and convey that
<br /> Borcower's interest in the pro�erty to the Tntstee under the terms of this deed of vust.In addiUon,such a Bortower agrees that the Lender and
<br /> a�r otAer Borrower unQer th's�eed o1 vuat may extend,modify or make arry other changes in the tetms of this deed of trust ot the secured � • .
<br /> � • debt without that Borcower's cansont and wlthout reteasing that Bortower irom the tenns o1 this deed of trust.
<br /> The duties and beneflte of this Qeed of trust ahatl biad and bonefR the successora and assfgns ot Lendet a�Borrower. �
<br /> 18.Notiee.Untesa otherwise required by law,any notica to Borrower shait�a given by dolivering it or by,maiting it by certified mail addressed to ,
<br /> � ' Bonower at the property eddresa or any other address that Barrower has given to Lender.Bonower wiil give any notice to Lender by certified .
<br /> ' be se t to Lendeis eQQress asasteted o�P 9e01 0!this deed of trustther addresa which tender has designated.Any other notice to LenAer shall
<br /> Amr notice ehatl6e deemad to have been given to Borrowar or Lender when given in the mannet stated abova. .
<br /> � 19.Transta►of the Praperty or a Boneflelal trrterest in tho Boaower.If a:i ar any part of the propertv or a�y interest in it is sold or transterred
<br /> without Lender's prtor written consent, Lender may demand immediate paymerrt of the secured debt. Lender may also demand immedlate . . . ,
<br /> payment if tha Borrower is not a natural person and a benaticiat irterest in the 8orrowat is sold or transtened. However,Lender may not .
<br /> demand payment in tho above situetions if it is prohibited by federal law as of the date of this deed of trust. � ':�•
<br /> 20.Racomreyanco• 1A1hen tho obligation secured by this deed of trust has baen paid and Lender has no furthw obiigation to make advanees .
<br /> under the instrumertts or agreements secured by this deed of uust,the Trustee shatf upon written request bY the Lendar, reconvey the trust
<br /> � property.The lender ahall detivet to the Bortowor,or to Botrower's successor in lntetest,the vust deed and the note or other evidence of the p
<br /> � abtigation so sat�atied.Barrower shaif pay any recordation eoata. • �
<br /> � 21. Sueeessor Ttustoo. Londer, at Lendar's o�tion, may remove Trustee and appoint a successo�trustee by ilrst, mailing a eopy of the
<br /> : i substitution ot ttustee as required by applicable aw,and then,6y filing the substitution of trustee for record In the ofHce of the regiater of deeds .
<br /> . � succeed to all L�e power tduties9authortry a d title of the 7rustee named in the deed o!trust na d of any suer�.essor Uustee of the propetty,shall
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<br />- . . BANREiiS SYSIEMS,INC..ST.CLOUD.MN 56301 Il�806397•23411 iORld OCP-MTf}NE 8/19191 _ � , '
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