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<br /> ' � • �, p8ym�►tte. Borcower agrees w make aD ertts on the seeured debt wAen due. UNess Borcower and Lertder agree otherw�se. enY •�;! '.c
<br /> • exN�ustve of interesto D�Aal.Bseco�deto in;ete8L�ead 8t�f to pnneiP'•If partia!Drepayment of the seaued tl bt accurs for any eason,it wHt , � . •.,`��
<br /> `, •c� . _. not redu�e or euuse anY sc�eduted p�yM9tit�y��t��uq@d deht ig D$id in fu0. •.,. . :� .
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<br /> _ � � � . �a�A��_���r��� • ���,pg;!�g��i�'f�ts�A�d other chatges atttibutebte m the property when dag and wili defond titte ,
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<br /> ;,4 � `` ��e���e�n��y«�,� tr tpAII�rtot iht§aeed ot,�Le�der may require Boaower to assign any rights.ctaims or
<br /> � Qefensea whi orrower may ha�a Tro supDh►�abor or matenaia to imFrove or maurtain tha property.
<br /> ` 'u�i,su�tanUC poGaes�shail ine(uds ep�a�r�dpmo�tgBe alause in fat w t lectd ere ni@ ae Hnll hetneme�d ac toss paVee ar asfMe�nsur�on a�ny such <c . :
<br /> �` ' ` InsuTance po l lay►.Acry i n s u r a n e e D r a c e e d s m a y 6 e a p p 1 i e d.witt+in Len4er's discretion,to either the restaration or reDair of the damaged property
<br /> ` `� �T-�' , or to ths secured Q a b t If Lender�es mort8ag9 insurance,@orrower agrees to ma i n t e t�su e h i n s u r e n e e t o r a s t n n g e s L.e n d e r r e A W��• . `� , °
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<br /> ! q,ptoyerty.Borrower wilt keap t�e proyerty i�good condlUon and make atl repatrs reasonably�eeossary•
<br /> i , � _ --�_•; g,E�epyes.Bonower agrees to Dall aU Lender's expenses ind+idin9 reasonabte attameys'tees,if Bortower brea0cs arry wvenanta in this deed ,f_ -
<br /> —- _ �p�t o���eny opGgatiatt secured by Mis deed of trust�orrowec witi Pay 4hese amou�rts to Lender as provided in Covenarrc 9 of this desd ot -•k
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<br /> ` �' + Unless Bortower first obtains Lendafs wrttten cansern.Bortower wiit not make or permit any changes to any prior ��
<br /> 6.Pda SeQUity bsteresta -
<br />=�4 �; � seeuriN iirterests. Borrower will peAortn atl en�8�n Queobligations under aaY Prior mortga9e.deed ot trust or other security agreemeot. ,'}. , ,
<br /> ;,�, .. induding Borrower's covanertts to make DaSfm •
<br /> �; ... : 7.p��s��Re�end prpfiffi.8ortower essi8ns m L s n d e r t h e ren t s a n d p r o f rt s o f t h e p ro D e r t Y.U n tess Borrower and Lender have agreed ,.
<br /> s � � •'. oti�erw+se�n wrtIng,Bortower maY oollsct end reta+n the rents as tong as Borrower is not in detautt.lf Bortnwer defautts,Lender.Lendefs `�F �
<br />.�3 i� agerti,or a canrt apPoimed rece lvar may te k e p o s s e s s i o n a nd mana g e the P�oPe�Y and copact tfie re+�.My rems LenQer coltects shall be :; ,�r
<br />°:. applied first to the eosts of managin$the propertY.in�(uding caurt costs and attomeys'tees. commisstons w renta)agerrts.en d any o t h e r
<br /> ;i; necessary related e�enses.'Fhe remaming amcurtt of tents wili then apDh►to PaY��on the seaaed debt as Provided in CovenaM t. ' ,�;� �:�
<br /> �, . . . . • 8.Leasahalds•Condomtniurtw:Pl�nea Unit DoveWPme�t°.Bortower aqress to campty with the Provisions of arry tease'rf this deed of trust is on
<br /> ,5 a feaseAoid.If this deed of trust is an a unit in a conQominium ar a planned unk deve�oPment,Bortower wiil perfortn ap of Bortower's duties
<br /> � undet the wvananta,bYdaws.or regu tations of the eonQominium ar piannad unit davetopmerrt. _
<br /> ��i ; � 9.�o����m p��{o�gorrower.ti Bortower faUs to pedorm any ot Bortawer's Quties under This deed of trus4 Lender may
<br />�- . perform the dWes ar cause them to 6e performed.LenQer may sign Bartowers name or pay any amourt if necessary far perfortnanca.If any
<br />�}; , . � • �VW��jM�e�s�t,nethe p operty�This may ia�uQe comPletht9 ithe��c�donmannar,Lender may do vuhatever is necessarv to protect Lender's ,
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<br /> _'� Lenders faiiure to pertortn wlll not ptecluda LenQer trom escercising any of its other rigMs under Uie Iaw or this deed of trust. .
<br /> ;f� ` and w il bear�6pite�fr�om�9�date�o�f�9 paymeM u p p id�in�f�ull tf�e inter��r�n eff e�on the secured�bt u�wW be due on damand ���. ',;;=
<br /> ''x ' �' �°� 10 Oeta�tt aed Ateeterattnn. �f Borrowet faita w make atry payment when due or breaks an/covenarrts under thts deed of trust or any : 'a
<br /> obiigatian securefl bY this Eeed of trust or arry prior mortgage or deed of trust,Lender may acceterate the maturity of the secured debt and '.���__
<br /> �`�;� � � demand immedalx paWneM and maY invoke the power of sale and any other remedies parmitted by appitcabte faw. .•:.�:;;';�-
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<br /> -`t .Y. .� . .- . 11.Request far NoHee af Oefau[t.k is hereby requested tttat wDles of the rrotices of Qsfauk and sale be sent�o each person who is a party . �_ i`�,
<br /> � hereto,at the address of eacb auch person,as set ford�herein. �.
<br /> ,yl�� ' � � 12.Power of Sate.It the Lender imrokes the power of sa1e,the Trustee shall flrst recor0 in the offlce of the registet of deeds of eect►county " �
<br /> �.;� wharein the vust Oroperty or some part w Darce�theteof ts sttuated a notice of defautt eontaining e�����d a ottier�uperso s�es p���bea aY ` ---
<br /> � sha11 also mail capies of the noUce of defauk to the Borrower,to eacb pe�aon who Is a party h s not in any
<br /> ' ��; � .' ��',i%: appficabie law_Not tsi s e e^d is used(nfarmin9 op era�or�i9, cenied on by�tt e�uustorgthe T�rus�tee shalt ei�va pubfic na�U�of sate o the pe►sons ` --_-
<br /> � . � ineorporated city er a1 ag N����out demand on Bortower,shail sell the property at pu6tic auction to the ftighest ;,;--
<br /> ' • and in the manner prescribed bY appplicabte law.T _ , .
<br /> . bidder.(f required by the Farm ftamestead Protaction Ac4 Trus[ee ahail ofter the property in two separate sates as required by appiicabla law. W`
<br /> � � � Tmstee may Do�Pone saie of all or any parcel of the property by pubiic announcemer�t at the time ana place of any previousiy scheduletl sale. , , �,,'v_-
<br /> '`s`` ' LenQer or its Qeslgnee maY Durchase the propsrtY at any sala. - r • `
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<br /> �•�+�;: . Upon reeeipt of paymert of tha price bid,Trustee ehatl Qetivet to the purchaser Trustee's deed conveying the property.The recitiaLs contained in a.;.•' :. :.,,:'`�
<br /> �':'•- • .- Trustee's daed�haU be Drtma facie evidienee of the Uuth of the statements corrtained therein.Trustee shail aypiy the proceeds of the sals In ffie . �,-,;—:
<br /> '�•.� � tollowing order. (a) to ail e�cDenaes ot the sate, inGuding, but not iimfted to, reasona4te Trustee's fees, reasonabie attomell:s tess and �
<br /> � • reinstetement fees:(b)to aIl sums seeured by th(s deed of trust,and(c)the batance,if any,to the persons legally entitted to receive rt. _�__
<br /> ` 13.Foreetosure.At Lender's option,this deed of trust may be foredosed in the mannet provide by appficabie law tar foreclosure of mGrtgages �: ' `"�!�`-
<br /> _ • `; �' on real propa►ty. r"�' • .: •
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<br /> r::, . � 14.tnspee8on.L.6nder may enter the praperty to inspect it if Lender gives Borrower notice betorehand.The nottce must state the reasonable , �•
<br /> ;� � cause Tor lender's inspecNon. :� .,
<br /> 15.Condemnatton.Bottower assi ans to Lendar the proceeds of any award or cfaim for damages connected whb a condemnation or othet taking _
<br /> �.�:��, of all or any part of the Droperty.Such proceeAs wl11 be appiied as provided in Covenant 1.This assignmerrt is subJect to the terms of afry priar :
<br /> 9:,.:. ' securiry agreemerrt. , _-
<br /> .�''`, � � � , ar8iq iemedy up n Bonowe►'9 defauit,Len�Qer Qaes not waive Y dgM to lategcans�det the e�vent a�defau�it N it h ppens agai���not axercising . -
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<br /> ��%: _ . ' 77.Joint and Sevard Lta6IDtv: Co�signera; Suecessore and Aastgna Bound. All duties under this deed of trust aro Jolnt end several. Any � �,. ,
<br /> Bortower who casign9 this deed ot trust but doea not co-sign the undeAvfig debt instrumentts) doea so oniy to grant and convey that
<br /> � Borrower's irrcerest in the property to the Trustee unQer the terma of th�s d2e6 of ttust.In edditlon,such a Borrower agrees that the LenQer and .
<br /> �t debt without th�Bonowe�eiconsent and wkhouyt rele�ing the�orcowei irom t�ftieeterms of this Qeed of trust this deed of Vust or the secured . ;
<br /> .`�'"';'.� • � The duties and�enetits of this deed of uust ahall bind and beneflt the suecessars and ess3gns of Lender and Bonowet.
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<br /> ' � 18.NoUce.Unless othervvlse required by Iaw,any notice to Bonower shatl be given by deiivering it or by r.uiting it by certified mail aQdressed to :
<br /> � Borrower at the pro�ertY adQress or any othar addresa that Borrower has given to Lender.Borrowar w+11 give any notice to LenQar by eertitied ,
<br /> '� mail to RenQer's address on page 1 of thla deed of uust.or W eny other edd►ess which Lender has designated.Any other notice to Lendar shall
<br /> . � be sent to Lender's adQress as stated on page 1 of thia deed of uust. . •
<br /> � '_� � Any notice shatl be Qeemed to have been given to Bonower or lender wheo given in the manner stated above. .
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<br /> •j;;.ti , 19.Trenster of the Proportyr ar a BonoflNallrHerest in the Bonowor.If all or any Dart of the property or any interest in it is soid or uansferred
<br /> without Lender's prla wrltten consent, Lender rrray demand immedlate payment of the secured debt. Lender may atso demand Immediate .
<br /> ~1 demand peymene in theeabove situations�if ii is prohitii et d by federel Iaw as ot the Cate of this deed of trustensferred. However,Lender may not
<br /> 20.Reconveyanco.When the obiigation secured by this Qeed of vust has been paid,and Lender has no turther obllgation to make advancea � ' �
<br /> � under the InsVUments or agreements secured Dy this deed of trust,the Trustae shalt,upon vurltten request bY the Lender,recorney the truat � .
<br /> r ���,. • property.The Lender ahail Qeiivor to the Barrower,or to Borrower's successor in interest,the truat deed and the note or other evldence of the ,
<br /> •:.;,� . � obligation so satistled.Borrower ahail pay any recotdatlon costs. ,
<br /> �_: . ' � 21. Succassm Trustee. Lende�, at Lender's option, maV remove Trustee aad appolnt a successor Uustee by first, mailing a wpY of the
<br /> suhstitution of trustee as required by applicabte tav�,and then,by filinq the substitution ot vustee for record in the office of the register oT deeds
<br /> ��,� � � succeed to ai�he power tdutiesgauthor�ind titte ot t e Trustee amed�n the doed of trust and of any successor trustee of the praperty,shell . .
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<br /> . BANKERS SYSTEMS.INC�.ST•CLOUO.MN 58301 11�804397�13�11 CORM OCV�MTC4NE 611991 __.__
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