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<br /> . COVENANTB /1, �����8 ' ^'�r-."����:
<br /> N .^'Y'�"_
<br /> n.�A ".'YA�..•-�:-�om�:
<br /> 1. P�ym�na. Borrawor apreea to make ait peyments on the eecured debt when due. Unloee BorrovVM Vhd Lander apree othe�wise, any . • { ;-�;�"�"`
<br /> , payments I.endar recelves irom Barrower or fa Borrower's benefit wlll bn epptled flret to any amounti Borrower owes on the securad daht ., .,�r;• k +.
<br /> oxctuelvo of Interoet or princlpal,��cond to Inten�t,md thsn to pnnalpd.If p�rtlal prepayment of the secured debt occurR for any reason,It wtll .v;`tX' �.
<br /> nat reduce or excu�e eny rch�dulsd p�yment untll the s�cursd debt Is paid In tull. , .
<br /> 2.Ci�im�►Ayalrtft Titt�.Borrower wlil p�y all taze�s,�rssums�ts,and other charpe�attributable to the pfOpOrty Whe1� due elld W�II d010f1d ti1ie , �,,�fx
<br /> to the pr��perty ay ainst any ci�lm�whloh would ImpUr the Ilei oe�tp�oa materla e to Im rove ar malnta�fn�the�ro�ert asstpn any rights, clalms or .
<br /> � detonses which 9nrrower ms�fi�ve agelntt pertles who Iupp y P P P Y•
<br /> :'s��'
<br /> 3. Imunnc�. Borrower wlll keep ihe property Insurod under terms ecceptebls to Lender at Borrower's expenee end for Landar's benefit. Ail "�=^�•
<br /> fn:urance policle�shall Include a�tsndard monp�pe clsu�n In f�vor o}Lender.Lender will be named es losa payeo or ae tha insured on any euch �." ^''Y��`���
<br /> c���.
<br /> msunnce poflcy.Any inaurance proceed�ma�r bs appIled,wlthln Lender's ditcrotlon,to elther the rostwation or repair ot the demsped property __a.?�
<br /> • or to the secured dnbt.If Lender raqulre�mortg�pa Iniurence,Borrower egreee to melntaln ouch Inwrance far as lonp as Lender requlree. � '"'�;�rp;t�:�v,•
<br /> . _•V:;�.
<br /> � s 4.Prop��ty.Borrower wlll keep the property in paod condltlon and meke all ropmro res�qnebly neceanery. ._'_-��-�-,;vi,�•;--
<br /> P '�.---__
<br /> ..,.w1e� 6.Exp�m��. Borrower aproes to pay all Urtder's expente� Includlnp roetoneble attomeye'fees,It Borrower breeke any covenants In thl�doed y� . - ,,,,,_�_—_
<br /> ' of trutt or In any obllqatlon aecured by thb deed of truat.�orrower wlil pay these emounte to Lender as provlded In Covenent 9 of thls deed of ���,��'; �__.-
<br /> irust. � -�n��aiL��,,:-__
<br /> . _....s,i�.,_.
<br /> t E. Prlor 8lcurity IM�nsts.Unlese Borrower firtt obnine Lender'e written consent,Borrower will no4 meke w permit any chanpos to any prlor '� -
<br /> securlty Interoate. Borrower wlil pe►form all of Barower'e obiigetluns under any pNor mo►tgape, deed of trust or other securit agreement, '�°
<br /> Y �..---
<br /> � Including Borrower'e covenantr to mske payments when dus. °";�.
<br /> �i 7.Asdpnm�nt of ReMS aod Profla.Borrower usipn� to Lender the rente and profito of the propnrty. Unieos Barrower end Lender have apreed ` - ------
<br /> otMrwiae In wnting, Borrower msy coilect and retdn the rents as long as Botrower i�not in defeult.If Borrower defaults, Lender, LendeYs �-_�
<br /> �� agent,or e court appointed receiver may ta ke poatess lon a n d man a g�t h e p r o p e rt y a n d c o l l e c t t h e re n t s.A n y r en ts Lender collects shell be y,�•--
<br /> applled fint to the costs of managing the propo►ty,Includlng court costs and attorneys' fees, commissfons to rental agonts,end any other �' �
<br /> , � necessory reiated expenses.The remeining amount ol renta wlll then apply to payments on tho socured debt as provided In Covenant 1. =._.�
<br /> 8.L�a��hddr Condomintums;Plann�d Unit Dwdapm�ntt.Borrower agrees to comply with the provisiona of any iease if this deed of trust is on �„'"`,""`
<br /> a leaeehokl. I�thia deed of truat la on a unit in o condominium or a planned unit dovelopmant, Borrower wlll perform ell of Borrow�r's tluties
<br /> ; � under the covenante,byIews,or regutatlona of the wndominium or plsnned unit development. ��
<br /> �.,.p:
<br /> 8. Authodty of L�nd�r to P�rform for Bar►ower. If Borrowor ta8s to perform eny of Borrower'e duties under thia deed of trust, Lender may �=.•--____
<br /> ; �• perform the dutlea or cauae them to be performed,Lender may elpn Borrower's name or pay any amount If neceasary for performance.If any ��
<br /> constructbn on the properry is discontinued or not ur►ied an In a roasonable manner, Lender may do whatever is neceseary to protect Lender's ��--
<br /> security Interest in the property.Thie may Include canpieting tha conatruction. �
<br /> {�, Lender's faliure to perform wiil not precluda Lendar irom exerclaing any of ite othor rights under the law or thia deed of trust. �.z��`MY.=.
<br /> An amounts peid by Lender to protoct Lender's aecurity interest wlll be secured by thls deed of truet.Such amounts wili be due on demend �,�„
<br /> an will beer interest from the date of the a mentuniil peid In full at the interest rete in effect on the secured debt. " -==
<br /> „.�. P Y ���_=
<br /> 10. D�fwit and AcaN�reUon. If Borrower faYs to make eny payment when due or breaks any covenente under thls deed of trust or any
<br /> - obtigatlon secured hy this deed of trust or any prla mortgage or deed of truet. Lender may accelprate the maturfty of the aecured debt and :�.
<br /> ,.� demand Immedlato payment and mey invoke tM power of sele end any other remedies permitted by epplicable iew. -
<br /> � 11. R�qwst tor Nodc�ot D�fwlt.It is hereby raquested that coples of the notices of default and eale be sent to eaah person who le a parry _
<br /> hereto,et the addreas of each such person, as set(orth herein. —
<br /> � 12. Powe of S�I�.If the Lander Invokes the powu of sale,the Truatee shali firet record in the oHice of the regleter of deeda of eech county _
<br /> - i, wheroln t�e tro4t property or soma patt ar parcei il�areoi is eituniod u�wilco oi datsuh wr+iaining ihc lnformslton tcqulred b j le:�:.The TruetE� _ _�
<br /> shall also meil coplAS of the notice of default to the Borrower, to each pernon who is a party hereto,and to other pereona a� prescribed by
<br /> applicabie Iaw. Not less than one month after tM Trustee rocords the notice of default or two months if the trust property fs not In any 'r`
<br /> ' '' Incorporated city or village and Is used in tarming operatbns cerrfed on by the truator,the frustee ahall pive public notice of sele to the persons
<br /> iy
<br /> #• and In the mannar preaeriGed by apppliceble law. Trustee,without demand on Borrower,shall aell the property at pubtla auction to the Hphest _ _.
<br /> bidder. If required by the Farm Homeatead Protectlon Act,Trustee ehail offer the property In two separate aeles as required by appliceble law.
<br /> � Trustee may postpone sale of elt or any parcel of the property by public ennouncement at the time and pface of eny previously echeduled eele.
<br /> u ' Lender ar its designee may purchase the property at any eela. �
<br /> ' Upon recelpt of payment of the price bid,Trustee ahell deliver to the purchaser Truatee's deed conveyfng the property.The racitials eontained in n
<br /> �, Truatee's deed shall be prlma facie evidlence of the truth of the statements contalned therain,Trustee shall apply the proceeds of the sale In the --� ,
<br /> following order: (a) to all expenaes of the eala,Including, but not Iimited to, reasonable Trustee'n feea, reaeonable ettorney's feee end -
<br /> reinstatoment fees;(bl to uil aums secured by�his deed ot trust,and(cl the belance,if any,to the persons Iegally entitled to recelve it.
<br /> �' 13.For�elosun.At Lender'o option,this deed of irust mey be foreclosed in the manner provide by appllcable law for foreclosure of mortgagea
<br /> on rAai property.
<br /> � 14.Insp�atlon.Lander may enter the property to inepect it If Lender glves Borrower notice beforehand. The notice must etate the reasonable
<br /> v� cause f�r Lender's Inspection.
<br /> " 1 S.Cond�mn�Uon.Borrower assign�s to Londer theprocoeds of any award or claim for demoges cor.nected with a condemnetton or other teking
<br /> �, of ali or any part of the property.Such proceede vriu be applied as provided in Covenant 7.This assignmen4 is subJect to the terms of any prior [�_
<br /> security egreemenL �`_- --
<br /> at 16.Watver. By oxercising any remedy avallable to Lender, Lender doea not give up�any rights to later use any other remedy. By not exercising �'_
<br /> i eny remcdy upon Borrower's default,Lender doos not wa�ve eny right to lator consider the event a default ii it happens agein.
<br /> . 17. Jotnt a�d Sw�rd Li�billty; Co•sipnaa: Suecnson and Aa�iqns Bound. All dutios undor this deed of truat are joint and several. Any t�.
<br /> ,�. Borrower who co-signs thls deed of trust but doea not co•sign the underiying debt Instrumentls) does so only to grant and convey thet ��.�
<br /> Borrower's Intereat In the property to the Tvuetea under the terms of thia deed of trust.In additlon,such a Borrower agrees that the Lender and ��--
<br /> any other Borrower under thfs deed oi trust may extend, modify or make any other changes in the terms of this deed of trust or the secured ��:-.��.---��_=__
<br /> , debt witnout thet Borrownr'a r.onsent and witlaut releasing that Borrower from the terma of this deed of truat, ,,,� y
<br /> The dutien and benefits of this deed of trust shaii bind end benefit the successors anA eesfgna of Lender and Borrower. � •
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<br /> 18.Notle�.Unlosa otherwise required by law,any notice to Borrower ehall be given by delivering It or by maiYng it by cerified mail addressed to �= r`��� ��f r:.j'4
<br /> Borrower at tho property eddress or any othar addrens that Borrower has given to Lender.Borrower wili give any notice to Lendor by certitled 'J'ri�, �` :
<br /> mail to Lender'e address on page 1 of this deed of trust,or to sny othor addross which Lender has deslgnated. Any other notico to Lender shali ",��-,-.,_ • s
<br /> be sent to Lender's address as stated on page i o(this deod of trust. ,��4��"`�' � � �•�
<br /> . ,,.
<br /> �,.:.
<br /> Any notke shall be deemed to have boon given to Borrower or Lender whan givon in tho manner steted ebove. •
<br /> 19.Tren�i�r of th�Prop�rty or e 8sn�flcfsl Inttr��t In th�Sonowsr. If ail or any part of the proporty or any interest In it is sold or transferred ' ���
<br /> without Lendor'a prior written consent, Londer mey domand immediate payment of the secured debt. Lender may eiso demand immedlete
<br /> payment if the Borrawer Is not a natural perso�and a bonoficial Intorost fn the Borrower is sold a trenaferred. However, Londer may not
<br /> demand payment in the abovo situations if it is proNbitod by fndorol law as of the date of thia deed of trust.
<br /> 20.Reconveyance. When the obligatian secured by this deed of trust hos boen paid,and Lender has no further obligation to make advancos .,
<br /> under the Instrumonts or agreements secured by this deed of trust, the Trustee shall,upon written raquest by the Lender, roconvey the trust
<br /> proparty.The Lender shall deliver to the Borrowar,or to Borrower's succassor in interest, the trust doed and the note or other evidence of the
<br /> obligation so sutisfled.Oorrower shall pay any recordation coets.
<br /> 21. Sucassor Trusts�. Lender, at Lendar's option, may romove Trustoe and uppoint a successor trustee by first, maiiing a copy of the
<br /> - � substitution of tnistee as requited y applicable law,and then,4y filinp the substitution of trusteo for record in tho offico of thn register of deeds
<br /> .1 '�'--- .�........k s.�F•...�ed Ttie e .�..�amn �uirMn��t rnnuwvwnra nf tha nrnnwrtv ahall
<br /> ..- 7 VI tltll4tI4VV�ItY 1!t W�I�rtl t�0�iuOt{/tvyv���• _•��••_�N�'� ••v "•�•""•• .� . .. ��wnoo�. .. . .....��. __ •_ .. ' • � • :. _—.:.._.__
<br /> I succeod to nll tho power,duties,authonty and titloof tho T-rustoo numed In the deed of trust and of any successor�trustoe. �
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<br /> 04NKERS SrSTEMS.1NC.ST CIOVD.MN GOJ01 Ii 000 J97 �7t11 FOHM OCV MT6 HE 6ii9r91 I
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