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<br /> , .F t. COYH�ATUTS �- �� �V�i�� �'!' ° .�t� "
<br /> ` ' 1.Paymmmr. Bortower agreea to make a!i paymer�on the seaued deDt when due. linless BoRUwer and Lender agree otAarwise, arry
<br /> , . . `: paymerrts Lertde►receives trom 6onower as Tor 8orrvwer's 6enet'rt will Ee appfiBd first to 8ny amotmts Borrower owes on the seaued debt '� . �
<br /> . ,� �, exdUSive of(rRerest ar prineipN,seeortd to irrtarest,end then to pr(ncisai.If partial DrepaymeM ot tha seeured debt ocuua tor arry reason,it w�t � t�
<br /> . �ot wduee or excuse arry scheduted paymens urtil the secured dabt is patd in full. . •�•
<br /> .��t� •� Z Cfatma.AQaUut TiHs.BorroVrBr,wiU pay aU taues,.essessments,and othe�charges attributa6te to the property when due and will defend titla � _
<br /> � � to the Orop ag alnst enV daim$whtet�wcutd hnpafr�the lien of thia deed of trusL LsMer may require Bonawer w assTgn anY riSh1�.deima ar `•
<br /> . detenses wh[�Hortower mey Aave against�arUes wtw supPty tabor or mateiiats w improve or matntatn the proDerty c� , . ..:,��'
<br /> �� t • �� 9.Uts�uense.Bortower wlft keep tha pmperty►Uwlued unQer terms eeceptabte to Lender at 8nrmwer's e�ense and for Lend�'s�enefn.M ;
<br /> � � � insuraaee paGeFea shati indude a standerd mortgags clause in tawr of lender.Lender wiU be na�ned as toss payee or as the insuced on arry sucA °
<br /> , • � `' ,, ` o�r��e se�ar�ed Q ht�lf�ls�erpequ�e�s mor gage i s�i danea�,Biortower a�H�es�m a i�n s u�e h insur�an�f or�ong asf l e��e�rere�e9 q u f i d e s p.��Fe�11 . ;� t (� .�4 ,
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<br /> " - _ 4.Rrapsrty.Borrower wi0 keep the prop�iy in good rrn�tion and make alt repairs reasonaDty necessary. ' ..
<br /> �``'--��� 6.6�ensaa.Barrower agrees topay all LendeYe expenses,indud'ing reasonable attomeys'fees,If Borrower Ereeks an}/covenanta in this deed `Q 4= :•
<br /> `�` ' • `• of trust oc in any obLgation soared by tAia deed of trust.Borrower wtll pay these amounts to Lender aa provided in Covenant 9 of this deed of � � ��,
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<br /> `-�.� ` 8.Ptlar Secvr(ty trtt�esm.Unisss Bortcwer firtt ablains Lende�s written eonsent,Borrowgr wiI!not make or permii any changes to arry prior ,� �
<br /> • securiry intetests.Bonower wiU petform sU of Borrower's obfigatians emder arry prior mortgage,deed af trust ar other seaaity a�eemerrt, ` ��`t � ` � '
<br /> . � . • inctudirrg Bnrtower's eove�aMS w make paymertta when due. �"���
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<br /> � 7,Asstgmn ert of 1'.�[ta snd PaaRts.6arrower assigns w lender tha rents end profits o!the prapatty.Unless Bortowet and Lender have agreed •' _ :�:� ':
<br /> . . . a7herwLse in wriHng.Bot[ower may cotlect ar�d�etsin the rerrts as long es Borrower is nat in dafeWt.It Borrcwer defautts.Ler�er.LenQer's � ,E ��.�_v:.`-
<br /> • � - agent,or a wurt appotrtted reeeiver may ta4ce posaes�ston and manage the property and collect the rents.My rerrts Lender wlteets shaU be E � • - -
<br />� � , appGed fbst to the costs of inenagfn the pmperty,Inctuding court eosts and atiomeys'fees, eommissfons to rerrtsl agents, and any oU►er ,, `^-�_:= �
<br /> „ necessary related expenses.The r�g amow�t of re�+nrill then apAly to Oaymer►ts an ffie secured debt as provided in Coven�nt 1. ;;�.,.::,=;°�-_
<br /> -`t , ` B.Lt7asohnlQs�ConQcmWum9:Plannod Unit Devetopmerte.Bor�owar aBrees to compIy with the provisiana of amt tease if this deed of trust is on `. 4 -��-�
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<br /> a teasehotd.H this deed of trust is on a urtit in a condominium or a planned unit devetapmerrt, Bonower will perform ali of Borrower's duties , __
<br /> undar ths eownaMS,bydaws,or reguladons ot tha condomtnium or pfanne0 unit devetopmern. --
<br /> � 9.Authmity at Landa to Parform tar Bortower. H Bortower taHs top ertorm eml o!Borrowefs duties under this deed of trus�Lender may " ".`.,'���'_
<br /> � � perfarm the dutles or causa them to he petfortned.Lende►may sign Borrowers name or pay any amou�rt H necessary far pertarmance.lt arry " _
<br />- ' • `•'." constructian an thepro perty ts discocnimieQ or not tarried on in e reasonabte mannar,Lender may do whatever ls necessary to pratect Lender's
<br /> secimry irtoerest in the property.This may indude com�leUng the consbucNon. , -
<br /> , �. ` lenders faihme to pertorm wiil not predude Lendar trom exereising eny of iis otl�r�Ights under the(aw or tfiis deed of truct. .
<br /> ' � J � Mv emouma paid by Lender to protect Lenders sewrity Interest will be seciued tiy this daed of uus�Such amoun��nn�16e due on demand ' �- r�_
<br /> • .. _ :��`<� antl wiil6ear irterest trom Uie date of the payment unb't paiA in fuit at the irnerest rate in eNect on the seaueA deb� .<.:•••--`-..- ;' ..
<br /> ' ` '�` 10. Oefa�t artd Acceleratlon.H Bortower faifs to make any payrtrent when Aue or breaks arry covenartta under this deed of trust ar any ' f°+— �
<br /> mbt'rgattan aoeure0 by thfs deed of mut or arry prfar mortgage or deed of trust,Lsnder may accelerate the maturity of the secured debt and
<br /> ' - • aemand immediate paymertt and may inwke the power of sate end eny other remedies permitted by appGpbie Iaw. ` '�'�`±-
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<br /> � � 11.Re�est for MaticO af Oefa�dt.h is hereby►equested that eopies of the nobces of defauk anA eale be seM to each person v�ho is a party .�•.�;�--_
<br /> - ... . �:. herstn,at the address of each such person,as set forth herein. . , __- -- r-
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<br /> • 12.Power af Sste.if the Lender ir►vokea the power of sals,the Trustee shati first record in the office of the register af deeds of eacn courtry -'�-�
<br /> • , whetein tAe vust propeRy or some part or parcel thereof(s aituaLed a noUce of detauft contetn�g the Intormatton required 6y lanv.The 7rustee � , •, ��r:
<br /> , shail aiso mail copies of the notice of default to the Borrower,m each persan who is a party harato,and to other persans as prescrit�ed by , ,�+�
<br /> - � • c�� eDD��cabte taw. IYaL less than one momh after the Trustee records the notiee of detault or two momhs if the mist ptaperty is nat in srry , ��,. .�• "=_
<br /> incorporated city or N'Itage and fs used in fasming aperations carried on by tha trustat,the ftustee shali give publlc notice of sate to the persons •�:� � ; : --
<br /> and in the manner presctibed bv apppitcabie law.Trustee,wRhout demand on Borrower,ahatl se0 tl�property at publie auction to the highest ti=-``.;'��,` ----�
<br /> • biddeu If reQuired by the Ferm Homesteap Protection Act,Trustee shafl offer the property in two separaYO sates as requfred by appPca6te Iaw. , ��,: !,;�
<br /> • Tnistee may postpone sate of all or arry parcel of the property by pubiie announcement at the time and ptaee of any previousiy seheduied sale. . "
<br /> :' � iender or ita designee may purchass the propeRy at any eale. .''�
<br /> �''� • . Upon recaipt ot�ertt of the price 6id,Trustee shail deiiver to the purchaser Trustee's deed conveying the property.Ttie recitiats contained in �� � ��"
<br /> . •'�:.� TNSt80'6 Oeed sha I be prima facfe evidience of tha truth of the statemants contatned therein.Trustee s»alt appiy the proceeds of the sale(n the . . > 'T
<br /> toliow(ng orQer: ta) to all expenses of the ea►8, inctuding, but not timited to, reasonabte Trustee's teea, reasonabte attomsys tees and - •--
<br /> ,. _. . ..��s reinstatemertt fees;tb)to ali sums secured by Ws deed of trus�t,and(c)the datance,if any,to tho persons tegatiy entitted To recetve k. - � � - -
<br /> • � � 13.Fareeiasure.At Lendera opUon,this deed of trust may be foreciosed fn the manner provide by applicable law tar forectosure ot martgages � ';-�:"
<br /> � on reai praperty. '� -a�:-•
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<br /> • � � 14.tns�ectiart.Lender may enter the propeRy to inspect it if Lender gives Bortower notice beforehand.The noUce must state the reasonabte � _
<br /> cause for Lenders inspeetion. - _
<br /> � ' 16 Candemnation.Borrower asstgns w tender the rocaeds of any award cr ciaim for dama�qes eonnected with a condemnation or other taWng •� ..��"��' -�:
<br /> � •- of a(l ar any paR of the praperty.5uch proceeds wiP be apDCed as prov(ded in Covenant 1.This assignmeM is subject to the terms oi arry prlor •
<br /> • ' sewtlty agreement. •�`=
<br /> �': ,. 18.Watver.ey exerciaing any�emedy avaitabte to lender,Lender does not give up any rlghts to feier use any other remedy.By owt sxarcising ` � ___ .__
<br /> =, , any remecty upon Bortower's defauit,Leeder does not watve arsy right to later consider the event a defauR N h happens again. �
<br /> � • . 17. Jo}ni end 3evoral Uebii6riri: Ca-sl�era; Suceessars and Asslgna Bound.AU dutiea unde► thls deed of trust are jolr►t and severat. Any -. __
<br /> - Boaower who co-signs thla deed of trust but doea not co-sign the undertying debt ir►strument(s) does 80 onty to grar►t end convey that -
<br /> . Bonowefa intereat io the property to the Trustee under the terms of thia deed oftrust.ln eddiUon,such a Bonower agrees that the Lender and � ' '
<br /> any other Borrower under this deed ot vust may extend,modltv or maka any other changes in the terms of thia deed of Vust or the secured ' .
<br /> •�,� • � debt wtthout that Botrower's consent and withaut teleasing that Bonower irom the terms of thia deed ot Vust. . , . '
<br /> ' " The Cuties and benefits ot this deed of uust shall bind and benetlt the successora and assigns of tender and Bottower. ; .. •
<br /> � ` • • • 18.Noflce.Untesa otherwise required by taw,arty notice to Borrower shall he givan by Qetivering it or by mailing it by cerUfled mail aQdressed to � �
<br /> �.�� • � Bonower at the property aQdtesa or any other aQdress that Borrowar has given to LenQer.Bortower will give any noUce to Lender by certifled �
<br /> mail to Lender's address on paga 1 of thia deed o!Wst,or to any othev addresa whtct►Lender has Oesignated.Any othet nMice to Lender shall �
<br /> �• „� ba sent to Lender's addresa as etated on page 1 of this deed of trust. . , '
<br /> . f Any noUce shall be Qeemed to have been given to Bonower or Lender when given in the manner stated above. ':
<br /> � � � �•{ 19.Tranafar of ffio Pmporiy or a Bcrn�fieim tr�torost in tho Bonewor.If all or any part of tho propertv or any interest in it is sold or t�ensterred ' � o
<br /> j without LenQe�'s pNor wrltten consent, LenQer mey demand immedlato paymont of tho socured dobt. tAnder may atso damand immedlate �
<br /> .I payment M tha Bonower la not a natural person and a benefleial intereat in the Borrower la sotd or uansferred. Nowever,Lender may not . _
<br /> Qemand Dayment in the above sttuations H it ls Drohibited by federal Iaw as of the date of tAis deed ot trust.
<br /> Z0. Raconveyanco.When the obtigation secured by thls deed o!trust has been paid and Lender has no turther o6tigation to make advancea •
<br /> • under the insuumente or agreements secured by this deed of trust,the Trustee ahaif upon written request bV the Lender,reconvoy the trust .
<br /> •• property.The LenQer shall deiiver to the Bor►ower,or to Borrowe�'s successor in lnterest,the uust deed end the note or o2her evldertce of the �
<br /> • • ' obhgatlon so satisfied.Bcrtower ahatl pay any recordation cosis. • .: , ,. . ��
<br /> 21. Sueeassor Trustoo. Lender, at Lender's o tion, maY remove Trustee and appoint a sueeeasor Vustee by}irst,•mailing a copy of the �
<br /> substitution of trustee as required by applicabte Paw,and then,by filin�the substitution of Vustee for record in the o7fice a1 tho re�ister of deeds ., •
<br /> � of each county in which the vust property,or some part thereof,is srtusted.The successor trustee,without canveyance of tha properiy,shaH
<br /> • � succeeC to atl the power,duties,authority and titte of the Trustee named in the tleed:of trust ana o!any successnr Vustee. .
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<br /> � I BANKEAS SYS7EM5,iNC�.ST.CLOUD,MN 68307 11�80a39743411 FORM OCP•MTQNB 8/19A1 - . - �
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