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<br /> C�Vf.�illaa��a �J�� ����� � . • ' . , _` � .��
<br /> ;� 1. PaymartiQ. Bonovrer eprMe_es to mako a��p�ev^��rtawor'3 6annfit witl bebe00 d tiat to eay asnou ts Bano or owoa�on tPsv socured dobi t _
<br /> � p8yrtlortta'Lar*dm iowi�e...:.5?�C4!`!_ �-`.��,—._-'--- . - --
<br /> o�clus�va of iniore�t or pdncipal,second to intereat,end thon to princlDnL ff Pan���9�Paymom ot she aecurod debi oow�a fJr aay ra�n.K:� i — -.- ---- . �
<br /> no�roduco or oxeuae 0.r1�YA,ChD�yj*�l3�iSn!Qnt untii tho s'e"}eurod dobt is paid in fu1L `
<br /> Z,q�;ms Aqdn�t j1t3y all texe9,assissmonto.and othar eharpes am�butablo to tho property when duo ond wdl dofo�d tit!o s`':
<br /> to trto prepertya(�al st elalms�i, �h rerautd Impalr the lien of thls daed of truat.Lendor mey roqu�re Barrowu�to aceibo any nshia,eta�ma or �
<br /> Cotonsea which Bor we' ��cl0�'la�0�►deo vfio tuDA�Y�abor ar mater�ate to improvo or mamtain the property. ; �.
<br /> , 3.Insutane�.Bonowa! wfll keep tho proparty inaurad under tarma aerApteEto to Len�or at Bonowor'a oxpanse and for Lnnder's bonofit.Ail 6
<br /> � mauronco policlea a�all Inclu�e a standard mort a0o clauoo in fa+ror of Lender.lsnEor wul bo named as Iosa payea or as the�nsured on any such f . , ,-
<br /> orsto tho soCU a debti IfuLonQerr°qu�ros9mortgage insluronce�t Borro erragreee tofmaint8��6uchhnsurance fot es long as Landere oqure8 r��Q� 4.
<br /> i � , ..
<br /> ` ': d.arcp�Ry.8ortawsr w+l1 kasp ihe WapertY in flood condiUon and make ell reDaira reasonsbly nacessoN• - - - '
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<br /> 6.E�ns�s.Borrower agrees to paY all Lender's expansea,induding reasonablo attorneya'feas,if Barrower breaks anY covanants in this deed
<br /> � ot trust or in any obiigat3on seared by this deed of Vust.Bonower wdl pay these amounte to Lender as prov�ded in Covenant 9 of thia deed of
<br /> trust.
<br /> :r � , -
<br /> �; j 8.Pr[or S�e�utty Itttsr�sb. Unless Borrower firat obtains Lender's written consent,Bortower wiii not make or permit any cASnges to any p�ior
<br /> � � security irrterests Borcower wiit perform ali of Borrower's obiigations under any prior mortgage, dasd of trust or other security agreemont. �
<br /> i�ciuding Bortower's covenama to make paymen�when due.
<br /> ' � � 7.Assi �iR af R�cKS aa�P►oflts.Bonower assigns to Lender the rents and profits of the property.Unless Bonower and Lender have agreed , . �
<br /> othe se in writing, Borrower ma}r collect and reta�n the rerrts as long as 8orrower is nat in defauit. If Borrower defaults, Lender. Lender's , ,'
<br /> agent, or a court appa�rRad receiver may take possession and menage the property and cc''act ths cents,Any rerrts Lender colieeta shall be
<br /> applied first to the costs of managing the property, includl�g cOUrt costs and attorneys' teas, casr.rnssfons to rerttat agents, and any oth�r `. �
<br /> s
<br /> necesxary related expenses.�e�emaini�g amouM of rents will then apply to paymer�ts on the seacrEd�'.✓2ht as providad in Covenart 1. ,•� -
<br /> g.Lsas�hOld�•Coadarrfi�rumr P1ann�d Unit OwNogmcnU.Borcower agreea w compfy with the pro�r:si3:�+f any lease ff this deed of m:st is on : . �%!r-��-
<br /> a leasehold.I�this deed of bvst is on a u�ft in a condominium or e plannad unii devetopment,Bcnc�a-tivil!perform sll of Borrau�s duties ;��-:�.,
<br /> under tfie covenants,byaaws,or regutationa oi the wndominfum or planned unit devafopment. � . ,,, ,.,, 'j
<br /> �' 8.Autbatitll of L�ed�i to F�rta�n���owa.If Bortower fatts to perterm any of Bonovoar's due�::r.Qer this daz�of uust. Lendev may , , . �.'._.
<br />;._�a�;�; perform the dutles or cause them to be performed.Le�der may sig�eorrowers name or ay any amc�.�t ii necessary fo*perfarmance-If any , �+„�,; • ._� _�
<br /> - consvuceion an the proparty�s discoMlnued or not carried on in a reasoneble manner,LenSer may do w�,.'s'!�ve►is nscessarY to Rrotect Lender's ;,
<br /> seeurity irtt�rmst 4n the proportSr.Thls may(nclude eompteUng the eonatruciton. � �e ,,�' 'f
<br /> ` LendePs falura to perform xill not preelude Lender from exerclsing any of its other riehts under the larc�r+�nis deed of trust. �i ' °�:;��:i,� ' �;��
<br /> ;,:, ;. , .
<br /> Any amounts paid by Lender to protect L on de s's secu ri t y I n t e re s t w i l l b e s e c u r e d b y t t+.i s deed of trust.5uch emounts�vill be due oa c�%�and ,� ` , ,r. .'_?-
<br /> and will bear intetost 4rom the date of the payment ur►til paid in tull et the interest rate in�-�ct on the secured debt. ;.�;`,_
<br /> 1° .. • . •',�'';• .;��i '
<br /> 10. O�fault�nd AccaivaYioa.!f 6onower fails to make any paYment when due or 6rea�Jcs any covenarrts under this deed of trass or any ;. ^! :,
<br /> obtfgation secured by thla daed of trust ur any prior mortgage or Qeed of trust, LenQer may accelerata the maturit}r of the sacuresE�n.-St and .. I,:'J`',• �f;:4�
<br /> demand tmmadiate paymant anQ may invoke the power of eate and any other remedias parmitted by a�z.`:�bte law. ; �
<br /> � 11.Requsst tor Nottd of D�tauR.ft is hereby roquestsd�at copies of the nouces e`r 2�oct and s�e�e se�t to eaoh person wfio is a party .:.�.. , {,f•,:.��,�" �
<br /> hereto,at the address of each�uch person,as set for�`�arAr ��, . •!�` '�F�.,�� :�
<br />� t '' L 1 � ! ...
<br /> ,_;; 1 2.Pow�r o f S�l�.I f t h e l A n d e r i n v o l c e a t h e p o w e r o f s a 1 a,t h e T►u s t e o s h a ll first�sr�a-d i�r.�:.�ce of the register of Qeeds of each countti �• •� , ����i�'<< �� M1
<br /> wherein the trust proparty or sor�is part ar pareet ffiereof is situatad a rec��et de:au:t ca:+:ainin9�+n'i�rmation require d by law.'f he Trw't e s ��
<br /> shall atco mafl coples ot tfie notiee of dafa;�lt to the 8onower,to ea��son who is a party haroto. z�d to other persons as Ffes�d by i'` i ' �_
<br />' � appticable law. Not Issa than one morrth dEter the Trustee reeords�r� natice of defauk or two mortt}+s if the trust ProPertH w r�t n any �� St,.,,�$r'4 �� .
<br /> Incorporetad citY or villape and is used in farming operaUons cartied on bY 2'�e trustor,the frustea shall give Public noUce of sate to tha Cersons
<br /> and in the manner preaeribed by appplicable law.Truatoe,wlthout demand on Borrower,ehatl selt the prapertY at pu6tle auctlon to the highest �,�..
<br /> bidder.If requ(red by the Farm Homestesd Protection Act,Trustee ublia annou�cemrent a�t the Nme end place�of er�iy�prQev eousNysche{d�u sd sa e. i� •�
<br /> = Lendar ar ita designee may Ourehase t e prop rtV at arry sate�bY P � .�, .
<br /> " `�_ �
<br /> Upon recelpt of Dayment of the price 6id,Trustee shatl deliver to tho purchasor Trusteo's deed comeying the propetty.The reclUals eontained��• „��.�.
<br /> lruatee's deed ahall be prima tacia evldience of the truth ot the statementa eontained thereln.Trustee shall epply the proceeda of the eala in the �,_` ' _
<br /> fottowing ordet: la) to all expensea of the sate, indudtng, Cut not limited to, reasonable 4rustee's feea, reasona0le attomey's fees and ,,,�
<br /> relnstatemont fees;(D)to a11 suma secured by thts daed of truaL end(c)the balance,ii any,to the persons Iegally entiUed to raceiva k. : � �
<br /> 13.Fondowr�.At Lender's opilan,thts deed af trust mey be forectosad In the manner provlde by applicable law tor foreclosure of murtgaaes .;•::;.•_; ���`�: �
<br /> -ri-�••�. �,-
<br /> an real property. •�
<br /> � 14.1mp�ctlon.Lender may enter the property to iaspect It if Lender gives Borrower notice beforehand.The noUGe muat state Me roasoneble 'r .'�f~�.T._�
<br /> cause for Lender's inspection. . ���F;��'
<br /> 18,Cond�mnadon,Bortower assigns to Lendet the praceeds of any eward or claim tor damagas conr3eted wlth e condemnaUon or other taklny �
<br /> of eIl or any pr�rt of the ptoperty.Such proceeda wlll be apA��od�Grovlded In Covenant 1.7his e:s�,�ment is eubject to the terms of any prlor �;`�
<br /> security agreement. -
<br /> *-.`�t,R„{�.i-
<br /> 18.WQver.By exercis'.��.Y remedy available to Lender,Lender daes not give u ar.�r,�.`.SS to�a_a►�se any other remedy.By�ot exotciaing
<br /> �'�`�'75..
<br /> any remody upan Borro►ti�'s defautt,Le��zr does not waive any right to�a:er wnsPder ths evant a C�'fo�it if it happens aSatn. "�.'�_:�
<br /> ,;,i „��rf?�
<br /> 17. Jatnt ond$svsrat . Coa7.�m: Succnsan artd Assl�s��:J. A;f CL��3 �nCar t1:rs Oaa� of bvst aro joint snd severel. Any ? �1: ��.�
<br /> •..� �c. �
<br /> ' Bonowet who co-signs�s deed of tr�rrx;�ut doea not co-s1Bn tho!�r•C:rh�ir�de�:: ��s r�e'-�:s: doea so onty te grant and convey that 'i:�,sj�:, .
<br /> Borrowere interest ia trie�operty to tho T:�stee under the terms of thia Cee ct�.ys r-a�W_�?,s..:.2�a Bottower a rees that the Lender and � '�+� . : ,: _ �
<br /> debt w�ithou4 trch�at�Bortowa e�eonsont end withot t eo easing that�omowaar from the�s c�ttis Q 0 ct�rust��g d e e d of bvst or the securad ' '�,�..
<br /> The dutiop nnd benefite of thla deed o4�u:=shall bind artd beneflt tRe su,ccc�sara and assigns of lenS���and Sonower. f •,,�,,:�•.� �. •
<br /> ,-4:.
<br />. .. . ;�:�'Ir:��:.. � _
<br /> 18.NoUcv.llf►tesa otharwlse requGed h5�•�•�+.any noUce to Bortower shGt�e gtven by Qelivering it cr•�,��mailing it by cer8fied ma7�3Qressed to .. ,`;,�,;;..,. � —
<br /> Bonower et Vro propeRy eddress cr er.q:r':er address that BoROwor ha�ghron to ler.de►.Borrowar v�.lt give amr noUce to LenCar l�y certifled
<br /> . mai�to LenQe�'s aC6�ess an peqe 1 0!thia daed of trust,or to eny other addresa wl+i�h Lendor has Gesignatod.Any othor notiee t�4endar ehall � �"`'�;--
<br /> • be sent to Lender's sddrerz�stated on page 1 of thls dead of uust. , -
<br /> Any noUce shall be deeme�°�have tiEez glvon to Borrower or Le�der when given in Ytna rnannot state9 abovo. • �
<br /> 19.Tronsta of th�Prop�rty a�BerteAc�1 Lrtirast in th�Bortowev_M aIl or ony part of tho proper4y or any interest in it is sotd or tranetened • •
<br /> withaut Lendet's prlor writte� consertt :onder may demand imma�,�ts� poyment of the secured debt. Lender may also dem�nd Immedit►to . _
<br /> . payment ii the Bortower is not a nuturaf person and a beneficial ir.��sst in the Borrower is sotd or uansierred. Howovor, Lend3r may not i�,,��; ,
<br /> demand payment In the above situaUons It it is prohibked by tederallaw as of the date of thls deed of ttust. . , _,
<br /> 20.R�eonv�yane�.When the obligation securetl by thia deed of trust has baan paid,and Lender has no turthsr obligatlon to make advancea '� _
<br /> undper the Instrumanta or agreements secured by this deed of Vust,the Trustee shatl,upon written request by tho Lender,reconvey tho trust . ,
<br /> obligeUon eo saU flod&Bo�rrowaishell psyBa y recordatlonBcoro�wer's succoscor in intorest.the truat deed and the note or other evldence of tfie . . s . _
<br /> 21. Suee�ssor TrustM. Lender, at Lender's o�ilon, may remove Trustee and appoint a succossor vustee by first, maiting a eopy of tho •�I`:�''• �
<br /> subStltuUon of truatee as roquirod by ap0��cable ew,and then,by tilinq the substitutlon of trustae for record in tho ofhce of the register o!deods j� ���`''� � _.
<br /> succwed to ntl tho pohwer tQutioas authorih�a d title ot the Trustee nameditn th deed of trg st nd of eny successar trueatee.�t the property,shall � , _-
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<br /> BANRfAS$YSTEMS.ML..ST-CLOUD.MN 6830�t��60P397•43411 FORM OCVJ�iT(i-NE 8718/flt . �
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