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<br /> ROVENANTB `�-_- --
<br />� • 1, p�ym�nt�. Barrower ep►ee� to m�ke •II p�ym�nit on th� t�cur�U daht wl d�fdst'�o nny emo nti Boe owe odwu on thetiscured dsb� , • .',+t,}�;•s,_
<br /> ' paymants Lsnder rscelva�trom Borrowar or for �orrpwet's b�neflt wlll hQ APp ment ot the aocure�debt occura tor any ruaeon,It wlil yry�,
<br /> ' oxclunlve ot Intereet or prinal�ni,eecond to Intereet,ehd then to prinalpel.tT p�►tlsi prep�Y
<br /> ' not reduce or excu�e�ny�oh�duied p�yment untll th�ua�snd debt Is pelU In 1411. C � , .� . _ .
<br /> 1.Cl�lme ApliMrt Tiq�.Borrow�r wltl p�Y all t�x��,atus�m�nts,�nd othu oharpe�attrlbutable to thd proporty wlion due nnd will dafend tltle
<br /> �n
<br /> to th�propelty ay ein�t�ny alrlm�wN1ch would Impdr th�Ilen ol thls dud o}truft.Lendllr mry�squlrs Botrower to�sRipn eny r10ht�,clalms at
<br /> " de}en�es whlch 9orrower m�y h�va�p�inst psrf�a�who�upply Ubor or materids to Improve or mnlntNn the propertY. �+
<br /> 3. Imunne�. Borrow�r wlll ks�p !h�property Insured unde� termt�acept�ble to Lender et Borrower'r expon�e end In� Lendur'• bonofit. All /1�1`
<br /> Insurunco poliy�liny�ineuience proreeda m V�e�pPled�within Londers dlecrxtonr to��clbther theaeitor+�tlansorrepelr of the dnmsped prope ty ''��'.
<br /> �:S ' or to th��acurod debt.If Lsnd�r roqulrot mortpape�nwrance,Borrower oyroos to rnnlntnin nur.h Ineurenr,e for ai lono aa Londor requlroR. _'•�;
<br /> �K� : 4,prop�Ky.Borrower wlll keep tha property In flood conditlon and mske ell repstr�roaeonably necetsery. .___�__
<br /> ,r;•".,hLP:.
<br /> ,,,,,r_...,qk 1 6.Exp�nR��.Borrower aprse�to pey ell Lender'a expense� Inciudiny reasonable ettorneye'fee�,if Borrower break�any covenents In thla deed ..� -
<br /> of trust or In any oblipatlon secured by thla deed ot trust.�orrower wlll pay these emount�to Lender es provided in Covenent 9 of thie dned of :�_4y�'
<br /> ifUtt. `. F.a a•:°-
<br /> � � �y _'o�R_
<br /> ' �. aecu�rfty$tereilc�Bo�oivei�wtli per�form ellf�oftBorrower�snobligationa�ander any prlor mortgege�deed�of truetror�tothei�eecutltytageaemontr .w-„ ,A
<br /> �:. e'u�c_:
<br /> inaluding Borrower'a coven�nte to make payments when due. ',.�..a.
<br /> � T.Aa�fpntnMt ot R�nts Ix�d Profitt.Borrower ascigns to Lender the rents and profita of the property.Unless Bo�rowar and Lender have agreed �.�°:-__
<br /> utherwlae in writlny, olnt d ecelver m'e�y6t ke possesnion and manage9the prorpertYtand�collect the�entsBAny rentsBLende►colleats ahsil bs yr���
<br /> '�� agent, or a court app �.w
<br /> , eppiled first to the coete of inenaging the property,Including court coste and attorneys'feee, commisalons to rental agents, and any other ����'
<br /> neceaeary related expenses.The remalning emount of reMS wlll then apply to peyments on the escured debt as provided in Covenant 1. �i•__
<br /> °-:.� 8.L��s�hdds•Condominlum�;Pi�nn�d Unit O�vNopm�nu.Borrower agreea to comply wfth the provisions of any lease If this deed of trust Is on
<br /> a leasehold.I�this deed of trust Is on a unit In a candominium or e plenned unit development, Borrower wili perform nll ot Borrower's dutlea
<br /> ' under the covenante,bylewa,or repuiationc of tho condominium or plenned unit doveiopment. �N
<br /> �,'� g, puthwity of l�nd�r to P�rform fo�Borrowa. if Borrower taile to perform any of Borrower's dutlea under this deed of trust, Lender mey �_.
<br /> . pertorm the duties or ceuse them to be performed. Lender may slpn Borrower's neme or pey any amount If r.�ceasary for performance.If any M
<br /> security Interest fn the propertytlThis�mey Include completinp the constructonmanner,Lender mey do whatever is necesaary to protect Lender'� ��
<br /> � -� Lender's failure to pertorm will not preclude Lender from exercising any of Its othar rights under the law or thia deed of uust. `
<br /> AnV amounts paid by Lender to proteat Lender's security Interest wlll be secured by this deed of trust.Such amounts wlil be due on demand
<br /> and wiil bear Interest from the date of the payment until paid in fuli at the intereet rate in eHect on the secured dabt. _
<br /> .�� 10. D�fwlt and Aaa�luation. If Borrower fails to make any paYment when due or breaks any covenents under thia deed of trust or any
<br /> ,+
<br /> damoand Immediate paym�ente d may invoke the powor of seie and any other remedlee permitted by applicnble ewurity ot the secured dabt and
<br /> .� hHfB Of eT�the eddresc of each such�pereonfeasyaetfath herein,coplea af the noticae ot default and aeio be sent to each pereon who is a party
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<br />_ , 12,Pow�r of SM�.If the (.ender invokes the power of nele,the Trustee ehall flrut rocord In the ottice of the ragietar ut doods ai oac counr;
<br /> � ���'. wherain the trust property or some pert or pareel tMreof Is sltuated a notice of default contalnin9ereto�fand to�otheQuper ons las prescr bedtby
<br /> " shell also mait copies of the notice of defeuit to the Borrower, to each porson who is a perty h
<br /> Inco�rporated oiri or vfllayehend�s u6ed In farming oep eratlons carr�ed on by the�tru6torethe�t'I'rustee sheil give publlc noticePof sele to the persone
<br /> b dder.tlfe qulrod tiy the�Faam Homestead ProtectlonsAct,Trustee shell oNer�therprope�'shnllteeo�sepapate e le es es�e�qut ed by ppliceble9lewt
<br /> rty tnr
<br /> Trwtee may pc3tpone eele of all or any parcel of the property by public announcement at the time end place of any previously acheduled sale.
<br /> Lender or its deslpnee msy purchese the property at any sale. �_
<br /> U on racelpt of evment of the price bld,Trustee shell deliver to the purchaser Truetee's deed conveyin9 the praperty.The recitlels contalned in
<br /> Truttee's deed shell be prima facie evidlence of the truth of tha statemente contalned therein.Truetee shall apply t7�e proceedc of the sale in the
<br /> relnit�etement feesa�lbl to�ail unii6secu ed by thls�deeduoi�trust and lc)�thet balnnce ef eny bto t e periona lepslty entitiad�to reeeive�i,fees end �_
<br /> '� 13.fa�cio�un.At Lender'e optlon,this deed of trust may be foreciosed In the menner provide by appllcabie law for foreclosure oi mortgaqes
<br /> on real property.
<br /> ' 14.Intp�atlon.Lendor may anter the property to Inspect It if Lender gives Borrower notice beforehand.The notice must atate the reasonable
<br /> � cauae for Lender'a inapection.
<br /> 16.Cond�mnatfon.Borrower assl ana to Lender the proceads of any eward or clalm for damag ee con�ected with e condemnation or other tekinp
<br /> of sll or eny pert of the property.Such proceede wiN be applled as provided in Covenant 1.7his aesignment is aubJect to the terms of any prlor _
<br /> security apreement.
<br /> t 18.Waiv�r.By exerciaing eny remedV avafiable to Lendar,Lender does not give u�any rights to later use any othens emainY� BY nat exerclsing __—_
<br /> any remedy upon Borrower's defeult,Lender does not walve eny right to iater cons der the event a defeult it it hepp g
<br /> .' } 17. Jdnt �nd S�wrd LlabHity; Casipnna: Suocason �nd A�dpna Bound. All duties under this deed of trust aro joint and several. Any _
<br /> Borrower who oo•siqns thia deed of auet but doea not co•sign the underlying debt Inetrumentls) does so only ta grant and convey thet
<br /> , � � Borrower's Interost in the property to the Trustee under the torms of this dand u(t��si.In eddition,such a Borrower a rp•4 thnt thn Lender end ___
<br /> any other Borrower under thls deod of trust mey extend,modiiv or maka any othor chengos In the terms of this deed of trust or the secured F:.
<br /> . debt without that Borrower's conaent and without releasinp that Borrower from the terms of this deud of truet. _- -_
<br /> ` f The dutiee and benefits ot this deed of trust shail bind and benefit the successors and esslflns of Lender end Borrower. L'�
<br /> 18.Notia�.Unless otherwlae required by Iaw,any notice to Borrower shall be given by delivering it or by mailing it by certified meil addrossod to r.A
<br /> Borruwer et the property eddresa or any other address thet Borrower hes given to Londer.Borrower wfll give any notice to Lender by cortified
<br /> mali to Lender's addrees on page 1 of thle deed of trust,or to eny other eddress which Londer hea deslgnated.Any other notice to Londsr shalt ��,::.-_.�
<br /> be sent to Lender's eddrosa as atated on page 1 of thfs deed of truut. �''''�*"'�T
<br /> .��.�.
<br /> Any notice shall be deemed to have been given to Borrower or Lander whon glvon in the manner stated ebovo. �.�r_='
<br /> � �:.
<br /> 19.Tran�i�r of Ms Prop�rty or�B�n�flcial Int�nst in th�Borrow�r.If all or any part of the proportV or any interest in it fs sold or trai�sferrod •
<br /> without Lender's prtor written consent, Londer mey demand Immediate puymont of the eecurod debt. Lender may also demand Immedlete
<br /> domnndtp�aymoM�n t oeabovo situarionsrat ipeg prohlbted by f doral lawros of the daterof h/s deedlof trusLnsforrod. However, Lendor may not
<br /> 20.R�eonv�yano�. Whon tho oblipatfon secured by this deod of trust has been paid, and Lendor has no turther obligation to make advances
<br /> � under the instrumenta or agreements socured by this deed of trust, the Trustee shall,upon wrltten requeat by the Londer, reconvey the trust
<br /> property.The Lender shall deliver to the Borrower,or to Bo!rowor's successor in interest,the trust deod and the note or other evidenco of tho
<br /> obligation so setisfiod.Borrower shall pay any rocadation costs.
<br /> .o.,,�vn Tr��cfae and aonofnt a successor truatee by first, maiiing n copy�of_t�o
<br /> - ' � � Z7. Successor irusc�s. �nnuo�, o: �o.-�o:'� ^ ----- --_
<br /> ' substftution of trusteo as requirod by opplicobia rew,�und t�en,by tilin�the substitution of trustoe for recoro in tne viiico oi ii�n�ob�o�o�... dao,.o
<br /> succoed touall tho power tdutioss authorry ond title oft he Trust o namedaln�tho deed oi truat end of any�successorvtrusteo,ot the proparty, sholl
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<br /> BANKERS SYSTEMS.INC.ST ClOVO.MN F8301 11 000 39)�Z3611 FOHM OGP MT6 NE 6l19r91 _ .
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