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<br /> 1. Psycmm�.Borro+r�rar agrems to make an oaymenta on Me soeurod Eobt when due. Unlesa florrowar end Londar agree othonv(sa, any , � �. . �-
<br /> .��, p�ymente lendar reeeivea from Borrawer or�or Bortower'a benofit wi�l be appliad flrst to any emounia Bottpwer owes on the seeurod dobt �
<br /> ' ` sxchcsrve af ir�teroat ot prine(pel,saeond t0 tnterest.and th8n to ptindpal.If partial DrctyaYment of the secured debt oceura for any reeson, k witl . �w�;��
<br /> nat reduce or e:euso any echedu'.ed peymarrt unYEl No sewred debt is paid in tull. .
<br /> 2.�atm9�5�n.-t Tttta.Bnrrovfa►v:ill pay a�l te�ces,ngsvsamertte.and othar charges atttibutabie to the property when due and wili defend titte � � ��
<br /> ' to the Dro�grry ay ainst etry cfafms wNch vrouid Impa1*the ilen of thia dead o4 truat.Lender may requiro Bonower to esaipn any rigAte,ciairrss or ��
<br /> ` defenaes whiCh Hortower may Aevo Apainst partles who ssipplY iabur or material�to improva ar mainta�n the propartY. .,�
<br /> ' 3.Irwuranes.Bonower will keap the property irtsured under terms acceptabfe to Lender at Bortower's enpenso and tor Lander'e benefR.Ati ' �_ � • , �-�.��-r�"-
<br /> " •� Irtsuranca patides sAal1 indude e standard mortBaQa eiauso in favor of Lendar.Lender will D8 named as tosa payee or as the insured on any aueh
<br /> ortogma B a�;ea aec��°iBna roq�rea mongago ins�uranes Bonowat aQrees o maln�lnrtsuch Insuratn�for as long as Lender�equres��A�� .'�,��
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<br /> � 4.Rra�ertV•8orrovrer vrill keep the properiy in good candition and make a0 ropairs reasonably necessary. • . , ,. ,�;P=
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<br /> = � 6.Em,p�raen.Bortowor agr0os to PaY atl Lendor's expensas inctuding roasonable attomeys'fees,if Bonower breaks any covertams in this dead �
<br />' , of trust or in any obligaUon seaued by thts dead ot trust.�orrower witt pay Yneae amou�sts ta Lersd..^r u�Rrovided in Covenant 9 of this deed o! _._ _�--_ :�- .
<br /> , Vust. • , '
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<br /> 6.ariot S9cudty[rrt�tb.Unless Bortower first obtains Lendsr's written consenL Bortower wiil not make or permit any chara�es to any prior � � .
<br /> � secueitY�r�2erests. Bonower will pertorm all of Boaower's obtigations ur.det any pdor mortgsge, deed of Vust or other security agreement. , • _ �_
<br /> . i�duding Banower's eovenanta to make paymems when due. . �
<br /> t,p�p4 Rpaty or►c7 9rofita,Borrowar assigna to Lender the rerris and profits of the property.Unless Borrowor and Lender have agreed �;-".y��__
<br /> oYhe se in wriYing, Borrower may eoilect and retain tha rerrts as long as Bortowar is nai m defauh.If Borrower defautta, Lender, L.ender's , � ����y
<br /> . agertY,or a�urt appointed receiver may teke passession and manage ffie property and collect the rerrts.My rents Lendar collects shall be � ,'� z^���
<br /> • .. applied first to the costa of managin�the property,induding court eosts and attameys'tees,eommissions to renta�ag�eirts, and any other , . .. :�..
<br /> "' �, • necessary retated expenses.The rema+n:ng amuutK of rants vin't)theo apply to paymer�ts on tha securad debt as provided in Covenant L � •• • . � , .;'.:'
<br />�� •• 8,L.�as�hot�•CanderNntums;P1ann�d Uaf!D�velopmer�a.Borrower egroes to camply with the provisions of any lease if this deed of trust ia on .. Y
<br /> .' t, a IeaseAold_If this deed of trust is on a unit in a ca�ammlum or a planaad unit dsvelapment, Borrower wi:l perform all of Eortower'S Cuties , _.. .��.r:
<br /> ' under tha covenante.6y-tawa,or regulations of the condominium or ptanned unit deve!opmeRt. "-"�`t�
<br /> � ,F�°:�'-'. .�`-�r----
<br /> " g,pvyx�{ty o}��nd�ts,par(prm tp Boaewe.1t Bc.:�wer fails to perform any ef Lcrrowe►'s duties under thl3 deed of vust, Lender may � . ._
<br /> perform the dutlea or quse them to 6e pertnrtned.48nder may sign BcrtaweYs r�m�cs paY any amourR if necessaty far pertormanee. If arry , {=r
<br /> " eonstructian on the properiy ie discanGnued ot not cartisd an in a re2�ee,zhte maruiQ.��er maY do whatever is necessary w protect LenQer's _ , ;� .�
<br /> security irr.vreat in the property.This may inciude comptetiny tha cons4s:�on. , , �, �{,.:"'=��-.:-��_
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<br /> � Lendet's tailure to perfartn wi�not preciuda LenGer from exercisin8 atry of its other rights under the Iaw or this deed of trust. � � �� �'� � �" �••�
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<br /> � Any amourrts paid by Lender to protect Lenders searsi�fP interest wili 6e secured by t�`is deed of Uvst.Such amaunts wi0 6e due oa demand
<br /> and�nnll Eeat ii►terest 4rcm the data of the paymer►t im^.x�aid in full at the interest rate in effect on the sacured deht —.-
<br /> If BoROwer faits to make any payment when dua ar breako any covenants urec'.�'�is dead of trust or any •�� � r`
<br /> 1�. D�fiuft and Ar.c�ab'ra�. • ,o-.�,. .��: ,`� �:—
<br /> obligation sacured by tt�s dead of Vust or any Drior mortpage or Ceed of trust,Lender may accelerate the ma'turttY of the secured debt and i. '.,
<br /> demand immediate paymerrt and may invoke the powsr of sale and any othsr remedies pertnitted 6y appliCa6la law. . � . •
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<br /> ' - 11,Rp�stiar Nott�a?O�fauPt.ft is hereby request43 that coplets of the noUcas of defautt and sate be serrt to esch pereon who is a party r�, �_,�;. .:,...,,_
<br /> here£o.at the addresst of each such person,as set forGr isr�rein. �,�� , �.. _. ._.
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<br /> � 12.Powor ot Scte.ff the Lender invokes tfie powar d�'s,the Trustee shati first re�:d in the oftiee ot the re�e�at deeds of each caunty
<br />' .{ wherein the bust property ar same part or parcei thce�aa°is skuate��rotice of dotauit corrta3ning the infortnatton ro�acefl by law.The Trus2ee ,'� ,��-�"';,.ry:
<br /> � sAaD a[sc mail copies of ths noUce ot datautc to the S:::awsr,to 3tdt person wfio is a party hereto,and to other�ersons as rrascribed by • � ��
<br /> • appfie�iaw. Not lew than one mor.�after the?rustee recats�`re notiw ot default or two r.r.rtths if the vust propesi��not in arry �p ':•�-�i•.--"�
<br /> � r d or viita e and is used'cti�ing oreratians carrted on by ihe trustor,ffie fnistee�su!•give pub►ic notice of sa:s ts the persons );�.,�;;;.
<br /> incorpo eta citU a
<br /> � � end in the manner Dreaai4ed by_apDp l iez�.a tayv.Tvus-.aa,w ft ho u t d e m a n d o n B o r r o w e r,s h a D s o l i�x q;r o p e r t y a t p u b t i c a u e t i o n a a t h e h t g h e s t ,
<br /> bidder.If required by th9 Fatm r�omostead Pro2ecasn A�t,Trostee shall oftar ffie property in two separate sales as cequited 6y epplicable law. _ '��' � 4 _
<br /> " Trustee may posfyone sate of a11 or any parcel of C:e pm�yerty by pu6iic announcement at 4he Umo end place of a-b�reviousty scheduied sate. . �•�.��'� ',....,:�_':
<br /> LenQer or Its desiQnee may purefiase tho Drope r t y Gs ss.�;�sie. �. ,.
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<br /> r Upon recaiDt of payment of the prlce bi3,erustee sha7 deliver to the Durchasar Trustee's deed convayirta�.a pr�'ty.The recitials contained in �`'� � r.�,+'!� ^ _
<br />,��;�:,�. � Trustae's de�d shall Ce pr(ma faeie eviCfrance of the uuth of the statemertte eontainad Caereln.Trustes x`�a ay�ly�e proeeeds of the eale in the . +� __.
<br />.%'c. • foUowing order. ia� to e9 e�cpanses a r Yrs safe, inciudinp, but not limited to, reasonable Trus:�P'� €-ees, reasonabis attome�/s tees and '.��--
<br /> � ninstatement feas;(b)to a118ums sea.-rad by this deed of trus�t,and(c)the balanee,if any,to the pa�s:,s Iegally eMitied!o reeo(ve tt. .�' .: , � ,��-:..,
<br /> 13.FOneta�a.At LsnQor's optlon,thls desA of wst�ay be toreGosed in tha manner provide Dy applicaDle tac��or forectasure of mortgagos •"�?"'`�'�' '� �.�_
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<br /> ,. . on rea►property. • ",s(�'¢,•. T_,
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<br /> � 14, Lendar msy errtet the property w inspeai it if Lender givos Boaawer n�tice betere.`.�zd.Tha n���ust state the reasonahte _ _ �}`�' --
<br /> �� cause o�er'ein:pectton. ' l�T r .�"'
<br /> tg,Cand�rtr�tion.Bortowm assigru to lender the.QroeEaQa of any��.�d or claim for damaQ os ca:rs�:e�wfth a condemnasoa ur�.her takinp �� �"`"•` :' ��'� `_ ��
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<br /> of all or atry part of tAe prapertY•Such Praceeds vin,l ha apPlteA as providad In Covanant 1.This as�merrt is s.r:.�-et io the terms ot any pr(or ��1�'•• �� :
<br /> . securitS►e�aement. .�����ii_ __
<br /> • 18.W�IYN.By exercising eny remedv avri?:Cte io Cm�r,Lender does not give up any riphte to later use emr¢t''�r,ramedy.By not eaercisinp .° ,,,,,�F—_.._
<br /> eny ramedy upon Bortower'e defauit,l.e:,.Qrer�aes nci+vaive any right to later cons3der the event e Qefaidt it it ha;r,ruas apain. , ��
<br /> • », ,lo�t �tb g�y�l Liap�ty; Co��i�r�rr Suee�stas�+d Aul�s BounA•A�� dudea under this deed ot trust are joint and several. Any ��^ -_ ____.
<br /> Borcowsr who co-sf�no thTa dead of truat but does not co-sign�he underiving debt instrumsnt(s) does so onry to grarrt and convey thst _ ,;c �
<br /> Banower's interast in tns proDeRV to the Truatee undet the to►ma ct iier.s deeQ of trust.M edditton,such a Borrower apreas that the Lender and r-,,,t, :• :
<br /> arsy other Bonower under thii deed of trust may exterrl.racdrfv cr n'.:4ce arry other ehangea in the terms of this Ceed of trust or tl:e securad .�.� . �- .
<br /> • " debt wfthout tPsat Bortowore consent a�d w�thout reteusing snai LT+c�rcr�sr hom th3 atvr.�s of thia deed of truat. ��. '��=� ,r.....
<br /> � The dWea and benefrte o4 thia dead of trust shail bind and benofh���a:cessors and essigns of Londet and Bono+x�r•. • ,:.�--�-,-':�; ,a:'T '.
<br /> 18.Natke.Unk�s otherwfse roquired by tew,enY notice to Boaa�s�:�?aU be pive�by delivertnp k or by mailing it hy certilte�eicuf mddressad to • -• •.,,��,...-,a�j;'
<br /> Boaower at the property adGtasa or any other addreca thrt Borrovsriu hae piv�n to Lender.BoROwer wfll yhre any notlee to Laru9m by certifled �����=`-�"i1 =�-�
<br /> • mail to Lender's aQdreaa on pape 1 ot thia deed of trust,or to eny o�her aadrese wtilch Lender ba3 deatgnated.Any c!her nc��uc Lender shail V�'r�`;- "
<br /> a
<br /> bo sont ta Lendora eddress as steted on page 1 of thia deed of Utist '`���`—•
<br /> . ,;.��:;i}tilla��;:�
<br /> Any tsoUce chall be deemed to have been plven W Borrower or Lender when given in ths manner itated atove. •..•wy,! K��t�;��
<br /> .•......-�'�'p',�i, �.,�.�: �
<br /> . . �g,T�i�r d}�p�dp�y or�B�nsfleT�l t�r�st in t!»Borrow�r.If all or any part of the property or any intereat in lt is sotd cr transfene� . � �, �:aki"'�K:1"i.�;i!
<br /> wRhout LsnQer's pNor writton conserrt, londer may Qemand immediate payment of the sec�ued debt. lender may atao demand immediste �'+�l r����•'�
<br /> � psytnent if the Banower ia not e nntum}peraon and e beneflcial imerest in the Bortowet ia soW or transfeered. However, Lender may not . '�,f,''j•• . . . _ • __
<br /> Oemand payment in the above siwa�+o�a H it is prohibited by tedaral law as of the dato of this deed of trust. - ,, , :.�,�,,,.�,
<br /> ' �# YO.R�eam�yane�. WRfm the otligaran secuted ty thl�dood ot Vust has been paW and Londor has no turther o�l'igaUon to make advances � '.�+,"" _ i
<br /> �� undpeer�tyhe intbvmente or ugroomanta secured Dy c'�is c:aed of Uust,the Trustee shsil upon mitten request by tlri E.cnder,roconvey the mu.: -
<br /> ' . obl fl( ation ao atlsf edBBolrrower nha°pay any reeor��onB�sts er's suecessor�r �ntorest,tAe trust deed and the rn�:e or other evidence of 9�r
<br /> � 21. SuCC�f1a TtustN. Lender, et lendar's optlon, may removs Tr.steo and appoint a successor Vustee by firct, mailin� a copy o}the ' � �:'
<br />" - � substituSion of trustee es requUed by v�pliea�le law,apnd then,hy fiiin�tho substitution oi t�usteo for record In the oHice of tho register o!deeds ,:�,:__. - ,.ua�.e,_
<br /> auceeed to ellythe powoh tdudos authoiry a d tite o f Me T erustoe nem d in tha deed of Vust and of a^y eucr�,esaor�trustee.of the property,ahatl _ � —
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<br /> � ' BANJIEit9 SYSTFMS.WC..ST.CLOUD.MN 68301 It�i306397-23411 fOAM OCP-'.�T6NE 8l19/d1 ' .
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