|
_...,,.
<br /> �.
<br /> �` II�
<br /> �
<br /> -��. � , . .�V��1�w.
<br /> , . . . ' .. ��.
<br /> � ' ` - . _ - ' ... i��yCf1�,� n'v.y ✓
<br /> �(rlN�s ... . .. . . . . .. - .. .�.t�4LiQl4� .
<br /> ., `� I .. . ` ' ',1.I:1S�`e�. ��.
<br /> ,� .,-w.ti>
<br /> � 9 j.,. .�+i`.Q`���Si''' ` �-" _
<br /> COVENANTB „
<br /> 1. Peymento, �orrowor nprooe to maho nll pnymonto on Iho eucuraA dubt whon duo. Unle�s Borrowor and Londar a0�oo othorwiso, ony _
<br /> peymente Lender recelvee Irom Borrovror or tor porrower'e bonolit w��l bo oppIlnd firat to any ornounta Borrowor owoa an tho socurod dabt
<br /> not��educe or oxcuie a y�achaduled paymiRttuntllihe�eecu�ed dobt te�pcld tnfullel prepoymont bf the eecured debt occura for any rnnaon,It wlll ^
<br /> 2,C��Ims AqNrot Tid�.Borrower wlil pay eli t�x�s,��t���ment�,snd othu chupes attrl6utable to the property when duo mid wlll dofqnd titla . ,
<br /> to the property�y alnnt eny cl�ima which wouid impel►the Ilen o1 thl�deed o)ttutt.Londer mey requlre eorrowar to nsefpn eny rlghte,cldmo or w
<br /> defenit�whlch 9orrower m�y h�ve�pdntt Rattle�who�upply I�por or materlel�to improve or mefnteln the propertV. _
<br /> � 3. In�ur�nc�. Dorrower wlll keep the prope►ty Insured under termo ecceptebte to Lender et Borrowe�'s exponee end for Lender'e benetlt. All -
<br /> Imurence pollatet�heti inolude u otondatd mortyago clauao In fovot af Lortdor, l.endrr will be nemed ee loa�payeu or ea tho Ineurod on eny ouch
<br /> or to the��eclured debtl If Lendsriequlree i�mo�rtp y�iniu�enci�Bnrrowsriflri�ei�to�milntNntiuch Iniurincelfor ee lonp a�LenAer�equfree���`��Y ,,
<br /> " ,.
<br /> '" „- 4.Poop�rty.Borrower wlil keep the property In pood eondltlon and mske sll repalrs reaeonably necaeeery.
<br /> 6.Exp�naa.Borrower epree�to pey eil lender's sxperoes,Inciudinp ressonebte attorneys'feee, fi Borrower breeks eny covenante in thla deed
<br /> Y of trutt or in eny oblip�tlon�ecurod by thl�deed ot tru�t.Borrower will pay these amounts to Lendar es providod In Covenent 9 ot thln doed ot —
<br /> tru6t. � �
<br /> � l 8. Pda 3�tu�iri IntK��t�.Unless Borrower first obtains Lender'e wtitten consant, Borrowor wlli not meke or permit any chenpoe ta nny prlor , r��,_'
<br /> securfty Interea�s. Borrower will perform sil of Borrower'e oblipettone under any prlor mortgepe, deed of trust or other securrty epreement.
<br /> Includine Borrower'e covenante to meke p�yments whan due, �
<br /> ..,.���p'��,`:-.-.�.
<br /> 7.Aaip�m�nt of R�nt��nd Protit�.Borrower enslpna to Lender the ronta end protits o}the property.Unleos Borrower end Lender have agreed :,:�.�s'�_ !,'
<br /> othErwfse In writing, Borrower may colloct end ratain the rents as lanp ea Borrower It not In defeult. If Borrower dofaults, Lender, Lender'o •='x".=��
<br /> � � agent, or a court appo lnte d rece lver me9 teke possesalon and manape the praperty and aaileat the rente. Any rents Lender collecte ehali be .�: '___
<br /> epplled first to the coats ot menaping t he property, InCludin court coste and ettorneys' teee, cammiaalona to ren te l ng�ento,and an y other i ,�___ ___
<br /> . � necessnry reloted expensea.The remsinlnp amount of rente wRl then eppty to payments on the aecured debt as provided in Covenent 1. - .��_�__
<br /> .,���::
<br /> ' 8.Laave�hoida•Ca�:nit�tems;Pleivrd UniR D�vslopmw►b•Borrower epree�to comply with the proWtlom of�ny leaie If thl�deed of trust I�on • .
<br /> under the�co enents,by lawa or repulatio s of the condominlum or ptanned unit devetopmentnt, Borrowar will parform all of Borrowe►'d dutiec _�__.�
<br /> ,. .. � �tn 's —
<br /> � 9. Auihority of L�nd�r to P�►torm tw Barowtr. If Borrower talle to pertorm eny ot Uorrower's duties under thia deed of trust, Lender mAy _,:..;,'
<br /> �. � co at uctlon on�the Rrop�rty fs discontinued or not�car lid on in i rea ona6le manner,Len�er may do whetevareee ecessery to�pr toct Lendar'a ` ;_,-_
<br /> secudty interest In the property.This may include comptetinp ths comtructlon. �`n�m;;�_
<br /> , ^f�' # Lender's talluro to peHorm wlll not preclude Lender from exerclaing eny of Ite other rfphte under th¢�law or this dead of trust. •`s .�.�,:
<br /> � Any emounte patd by Lender to protect Lender's eecurity I�tereat will be�ecured by this deed of trust.Such amounts wfll be due on dem�nd
<br /> , � and will baar Interest from the date of the peymont untll pald in full at the Intereat rate In effect on tM secured dabt. �4:i—=
<br /> fi � 10. D�f�ult�nd Acc�l�rvtlon. If Borrower fails to meke eny peyment when due or breake any eovenents under this deed of truat or any .�
<br /> deroand Immediete peyment end mey Invoke the power of eete end eny otMr�emedleadpermitted by cppticabto lawur��of the secured debt end
<br /> �� 1 __.��.__ _s...� . � wm�p•r�d ihst co lea nf the notices of defeuit end sste be sent;o each pereon who ly a p�rty . � �
<br /> •...
<br /> i i.Rtquisi iw nvw..G!Q�.�...L.!L 4S!!C!_b, !-� -- - P
<br /> • � ; hereto,et the eddreas of esch�uch peroon,a�set forth heroin. �„
<br /> �� �` . 12.Pow�r af SM�.If the Lender invoket the powor o}sale, the Tru�tee thall Hrst recard In the offico of the replstsr of deed�of each county _
<br /> wherefn the truat property or eome pa►t ar parcel thereof la sftuated e notice of deteult contefning the informetion requlred by I�w. The Truatee
<br /> � ' ahail olso mnll copiea of the notice of defauit to the Borrower,to each persan who is a perty hereto,and to other persons ae preecribed by
<br /> a not In eny l
<br /> ' � applicable lew. Not lens then one month after ths Truatee ►ecords the ratice of de}nulE or two munths if tho truat properry i �
<br /> � ' • incorpor�ted city or villa(ie snd Is uted In ferminp operetiont aarrled un by ths uustor,the frustee thall pivn pubflo notice of sale to the persons _
<br /> end in the manner prescr(bed by epppliceble lew.7rustee,without demand on Borrower,shail sell the property at publio euotion to the hiphest �,�
<br /> bidder. If required by the Ferm Homestead Protection Act,Trustee shell oHar the property In two eeparete ssles as requlred by appliceblo lew.
<br />; _ T r u s t e e m a y p o s t p o n e s nle of eil or en y parcel of the property by public announcement at the time and place of any previousiy�cheduled tele. ::?:
<br /> Lender or Its desipnao may purchaee the praperty at any se le. �i:
<br /> �., . r
<br /> Upon rmcelpt of payment of the price bld,Tru�tee ehett deliver to the purchaser Truetea's deed conveyinp ths property.Ths recitlds contstned in
<br /> Trunes's deed ehnll bs prima facle evidience ot the truth of the etatemente eonteined ther.ein.Trustee shall�pply the proceed�ot the sale In the ,
<br /> followlny order: (e) to eil expenaea of the sele, Includiny, but not Iimlted to, re��onabie Truitee'� fees, resaonabte ettorney'a feea and _
<br />- reinstetement feea:(b)to ell sum��ecured by thts deed of truet,end(c) tM balance,it eny,to the persona Iepaliy entitled to recelvo k.
<br /> ' '` " 13.Fondown.At Lender'e option, thli deed of trust mey be torocloted In the manner provide by eppiicable law for foroclosure of moRqapes �',�.�
<br /> �•i=""` on roal property. ,
<br /> � : •k �� .,, � 14.kup�cdon• Londer mey enter the property to inapect It If Lender givea Borrower notice beforehand.The notice muet rtate the reesone b le
<br /> �� *-� ' couse tor Lender'o intpection. __
<br /> '•'�`��'';'t ' 16.Coed�mn�tlon.Borrower assiy�ns to Lender the proceeds of eny award or clalm for demepe�Canneoted with a condemna�tlon or other tekinp __--
<br /> �°d��'"�• . of�II or any part of tM property.Such proceeds will be epplied ea provlded tn Covenent 1.Thl�atdpnment la eubject to the terms of eny prior
<br /> " secmity apreement.
<br /> �-�.;;,,: ... .� _— _
<br /> 18,W�Ivw. By exorclslnp any remedY evailable to Londcr,Lender doea not give up any Nphts to later uoe any other remedy.By not oxercisinp --
<br />-_;h!!:�,,•;1� any remedy upon Borrower's default,Lender doas not walve eny ripht to leter conafdor the event a defeult if it happens egeln. �f
<br /> �i':"•
<br /> "`���`x".�.' Barrower who co slflns th�e deed�af tr�ust�butcdoei�ot co•sipn�Dhe andre�r�lYIAnp�� debt�natrum nti)ddoes�co o In y to fl a�nt end convoy thai `�`"
<br /> -��ry�� Borrowe'�tntereet in the proparry to the Truotee under the terma of thia deed of trust.In additton such a Borrowor agrees thet the Lender a�d —_ ___
<br />— .�_• •_ �
<br /> �"� �' any other Borrowar under thl�deed ot uuat msy extend,modi}�or make any other chenpee in t�e terms o}thla deed of trust or the securad _ ____
<br /> •�`"�P°'•. debt without that Borrower's conaent and without releasfnfl that Borrower trom the terme of thle deed of trost. ___
<br /> ' _�,:.'.,,�.�,_� --���
<br /> The clutiee end 6enefits of thfa deed of trust ehall bind and benefit the eueeessoro end asatgm of Lender end Borrower.
<br /> 1�-��_•�=----
<br /> 18.Notic�.Unleta othervvlRe required by law,any notice to Borrower phall be piven by delfvering it or by meflinp It by certifiod mail addreased to �;�����;
<br /> � � ' � Barrowet at the property eddross or eny other eddresa that Borrower haf piven to Lender.Borrower wlll give eny noNce to Lender by cenified . ° -
<br /> � mail to Lender'e addross on page 1 04 thie deed of truat,or to eny othar eddress whlch Londer hee deaipneted.Any other notice to Londer shell ���,:;;;
<br />' �, be sent to Lender'e eddress aa steted on page 1 ot thic deed of truat. ,� `j�•
<br /> � '`. �i.''�. A;{(r;+.'��,
<br /> E Any notfce sholl bs deemed to have been given to Borrower or Lender when giv.on in the manner steted ebove. • .�!P`,'�•-� s�..
<br /> .w,.k:i �:�i
<br /> .�, .. �.;_:.lL'::�
<br /> �„ 19.T�MUiK of tM Prop�t�or�B�Acir Int�n�t in th�Barowe.If all or any part of the propertv or eny intereat In It la eotd or tranaferred k�:.:�;;�,�.,�,;w..��-_
<br /> without Lender'n prkr written conaent, Lender mey demend Immediate payment ot tho aecured debt. Lender may alao demend immedfute '.i, '�;:r�"'" "
<br /> payment if the Borrower is not a nstural person end e beneficlal Intereat in the Bortower is sold or trenaferrod. liowever, Lender mey not �°,�•;•.=•;�..
<br /> — ' • demand p�yment In the above eftuettons if It la prohibited by federal Iaw et of the date of thi4 daed of uust. :.f-.,•� �.;.f�:
<br /> : ,,,. ,�:r;'..�.:-•-. :
<br /> ' t. 20.R�conv�yanc�.When the ohligation secured by this deed of truat hae beon paid and Londer han no further oblfgetion to meke advancea -•;.r. L:;:; . �
<br /> under the InatrumeMe or eproement6 eocured by this dued ot trust,the Trusteo shelf upon written roquest by the Londer, roCOnvey the trust � .. _.
<br /> . : .. .,
<br /> p�opo►ty_The LEn�Er6oLll de�ive_Ao�th�B�o^r�o een���tio�B�ao�wer's successar In Intereat,tho truat deed end the noto or other ovidonce ot the - :w�-�' •
<br /> . ._-_ _._-_ ._-1 wiyaarvu�...vuo.w.w..w.�.�..�..�_� _..� "'_ '.. _ _- __ . __-.
<br /> � 1 21. Succ�uw Twtw. Londer, et Lendor'e optfon, mey remove Truatee end appoint n succosoor truatee by first, mallinp e copy of tho
<br /> I subatitutlon ol trueteo as requlrod by appticobio low,and then,by tiling tM substitutlon of trustea for record in tha oNfce of the regiater of deeda
<br /> ' succeed toueil iho power tdutlase autholtry end title of t o Truatee named Ine the doed of truast end of anyisucce aor trustoe.�f the property,shalt
<br /> , ,, , ,
<br /> . ., ..
<br /> C
<br /> , fPSge 2 0/?I �.
<br /> — ' �� CAHKER9 SYBTEMS,.�1C..BT.ClOUD.MN 66301 It•t0490743N1 FOBM OCP-MT(i�H!8/7891 -
<br /> 1
<br />
|