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<br /> `� . .. CoVHQAC3TS r aJ�`��I�i��� '�.,�
<br /> � �. payc�. Borrowet egrees w make all psymerrts on the seeured debt when due. Untesa Bonovler and i.ender agrae otherwise. anY _ .
<br /> � . ' paymeMS Lender reeetvea fram Boaower or far Borro�n►ers benatit wid be eypl'�ed fvet ic any emc+urts Bortower owes on the seeured debt •���F� �
<br /> � ,��` ' n�Que�or�ew�se a Y scb�g�uled pa�yrt�x�riu��iuiiit�tha eaued de�bi La patd in tu�Fl��epaymeM of the secured deCt oew*s for any�eason.it will . , `4
<br /> � �R °� � •`, Z.Cmlma Agair�st lfHS.BoaauSet wi41 DaV ellt�xes�nssessmente.and other�har8es a t tr i b u t a b f e t o t he pro p e t t y w A e t!d u e a n d w i l l d e l e n d t i U e . `� `'_ -
<br /> ` ` to the pro eg afnst eny ctaTms whTd�wOWd impeir tfie Iletf of th(s deea ot trus4l.ender may requtra Bortawer to assign any�i�ts,claims or
<br /> ��,u`. ',<� , � detenses�F eortmn+e►maY have againsipartiea who BuDPIy la�or or materiais to tmprove or mairrtein tAe property. �.�f�`:
<br /> _„ '•� �. - :
<br /> 3,tnsurasiqt.Borrovrar wiil keep�e proDertf►insured urtder terms sue�able to Lender et Borto�nrers expense an4 for Lenders benefi�AO ,4
<br /> ' insuran�s poIIcies enaD irtctude a ssanderd mo age ctausa in tavor of Lender.Lendm wii!be named as tosa Oayee or es the insured on any su� . :< ,-: . .
<br /> � .4 o Lu��s ecured d�Et.j �I.eanE re e�q tre�s marigageo ias�i�m�an�Bto owBr agreea o ma(r ai nuch insura�na�r as osPig es I.enGer requires r�pe� ..< V, .
<br /> � , �o
<br /> -- „-.--,�, 4,Pr�x�ly.�o►rowsr wili keep the property in gead canditlon and make e!1�epaira reasonably naeessary. '_ .
<br /> � - 6.6panses.Borrowsr agrees to pa}t all Lendsr's expeases,inciud'ing reesonebta attomeys'teas,if Botrower breaks eny covenaMs in tNs deea ' �s
<br /> ;,,, ._ . of truat or in arry nbtigatton seaued by this dead o!truat Bortawer wiU pay these amounte to�endar as provided in Covel�eat 9 ot tfiis deed of
<br /> T1uSL ' e. •.'�
<br /> � 8.Pdor Sawiity triLn�s.Untess Borrower first oDteins Landefs mitten cmtiserrt.6orrower wiU not make ar permit arry ehanges to any priot •
<br /> � seeurity itrteresES.Borrower wiU porform aU of Bonowe�s oLIIBetions under anY prior martgaga,deed of trust ar othar se�l agreemeM. . �
<br /> , � ` :_ � inctuding Borrower's covenar�to make PaYmertta when Qua.
<br /> ::..;•:e�"`�-
<br /> ' 1.AsalgtuneM at Rer��d Profks.Borrower assigns to tendar the rems and prafits of the propertV.Unless Boaowar and Lendet have agreed
<br /> � . o t h e r w�s e i n w r i t i n g,B a rt o w e r m a y e o l l e c t e n d t e t a i n t h e re r�w a s to n g as Bortower ts not fn detauft.if Borrower Qefaulta, Lendst.LenQer's `. ..
<br /> agem,or a coiut apDOlrrted recenres may take possession and manage the property artd co l tect t h e rems.Any�e r rt s L en Q e r c o t l a c t s s h a i l b e
<br /> �• appited first w the costs of managin�the property, incWding ca�at costs and ettomaYs'fees,comm'issions w ref�tei age�nts,and any otl�er . , ,.� _
<br /> necessary r6tated expenses.The remamfig emount of rerrts vn'll�en apply to paymertts on the secured Aebt ea provlded in Govenant 1. � �;.
<br /> ' 8.Leaaehotdr.CanEmnini�ms:Ptam+e3 thrft Oevetopmarta Bartawer agrees w comply whfi the pmvisions ot any laasa if this deed of Vust ia on • `_-
<br />, , wid�tiis�cavena�,b}dH��ieS�ula�tlor of tle9�ndominium or pta n n nsa ur�ae veiopment����r�It pertorm eil of Bnrrowe�e duties , -
<br /> . � .w;;'.:• .. . • ;—
<br /> � . .� g.p�y a}���perbrm Tor BoRawm.If Borrower taits to perform any o!Borro w e rs d u t ies un d e r f h i a d e e d o t tr u s t.L e n 6 e r m a y •
<br />= , pertorm the duties or cause them to�e pertormed.Lender may sign B�rtowm's name or psy am►amount if necessar�l fo�Pe��e��e-�t�S► _
<br /> • consuuecon on the property is���include�mrttBeeU"ng tli9��n.strucdonmartner,Lender may do whatever is necessary to protact Lenders �.-
<br /> - seauity iMerast in the proP�Y. P . _ .. '"
<br /> -..5'i ' ——
<br /> ' Lender's tailure to perfortn wi0 not prectude lender irom exerGsing arsyof its other�gfits under tha taw or this deed of wst. ,: .��v�-
<br />; .:' �`: i,�;.�'�,_
<br /> r. �' �;��=. Any amounts paid by Lender to proteet Lender's securiiy trttetest witi Ga secured by this deed of true�Such amourrta will be due on Qemand =__
<br /> � and wiil hear i�rcerest trom the date of the paymeni untif paid In tut�et the irtterest rata in eHect on tfie secured debt. � y±.�_,
<br /> 10.Def�mlt and Aeceferatian•�f eonower taits to make any payrt:errt when due or 6reatrs arry wvenams under thfs deed of uust or amr - � �'� �:
<br /> . �� ' . , ,- aema�'e mme�d188ide DBymerrt and ma}1�nvl oke tl�e powet om fr sal�and adtt�yoU eT rem�ed�'�espetmit[d b�yltalrPpliCable t w��of the seCUred debt astd _t�, .. f �L=°
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<br /> ` � 11.Re�test tar Notice ot Defautt.tt is heteby requested that co0les uf tt�e noticea of dafautt end sale 69 eent to each person who is a party .'����
<br /> herew,at the address of each sueh person,as set torth herein. . — •-
<br />' 1Z Power a!Sa[a.If tfla LenQer invokes the powar of sate,the Tnistee shail flrst reeord in the offica of the register of Qeeds of each cawrty � __
<br /> ''' wherein the trust properN or some pert or pazcel ttrereaf is situateA a noUce of defauft corrtainin9 ths iMormation�equired by taw.The Tnistee ____
<br /> � shall aiso mail copies o1 the notice of defauli to the Borrower,to each Derson who is a party hereto,and to ather persons as prescri6ed by • __
<br /> � apptlpbta Iaw. Not less t han one mo m h e f t e►t h e'f n r s t e e r e e o r d s t h e n o ti c e e f d e f a u h,o r t w o m o rt fi s i f t h e v u s t p ro pe r t y]s rtot in a r ry
<br /> � incarporated dty or villaga and is used in ferming a parations cartied on by the trustor,the Tnistee ahail ghre pubite notice of sate to the Oe�� � , .1,�-�--
<br /> � and in t he manner presa i 4�e d by�ap p p i i c a b l e l a w.T r u s t e e,w I t h o u t d e m a n d o n B o rt o w er,shall se{I the pr o pe rt y et publia auction to the highest �._�;. :.,,��a s
<br /> bidder.(i required by tha Farm Nomestead Protecdon Aet.trustee shall offer the Droperty in two separ8te sates as req�ircaa by apO�Fcable law. . . _.--..
<br /> 7rustee may postpone eale of alt or any parcei ot the property by publla anrtauncamerrc at the Ume and place of any previousty scheduted sale. ���-����
<br /> - � � � tsnder or fts Oesignee may purchase the property et any sate.
<br /> ' � � �� Upon rewtet of paym em of the prtce 610,Trustee shall deliver to the purctiaser Trustee's deed conveylrtg the property.The reciUats eonteined in , --
<br /> ' Truates's deed shefl 6e prima tacie evidience of th.e truth of the statemen4s contained therein.Trustee shail appty tAe proceeds ot the sa(e in the rP.�=-
<br /> � ' toflowing order. (a) to all expenses of the sate, inciuding, but not Gmited to, reasonabte T►ustee's fees, reasonabte attomelrs tees an0 �, � . �.__
<br /> • .. reinstetemertt fees;(bI to all sums secured by this'Qeed ot vust,and(c1 the 6atance,if any,to the persons legairy entitted to recetve it. , -. :. ���
<br /> 13.Foreetosuro.At LendePs opUon,thta deed of trust may 6e forectosed in the maaner provtde by appiicable Iaw for toreefosure of moRgeges '.,��+!
<br /> . ' on real property. —
<br /> 14.fns�cctlon.lender may enter the property to inspect it ii Lender gives Bonower notice beforehanA.7he notice must state the reasonabte
<br /> '" cause(or Lendera inspection. ' __-
<br /> 16.Condoamadon.Bortower essigns to Lender the proceeds of any award or ciatm for Camages conneated witN a condemnaUon or other teking •
<br /> ' � ' ot a11 or any pert ot the proDerry•Such praceeds wf►!be applied as pravided in CovenaM 1.This asslgnment ia subJect to the terms nf 8ny prior � � " '��e:°.
<br />_ , _ .'. secudty agreomen� ---
<br /> areiy�iem 6y upon Bonow r's�Qef ult�Lendelr Ques not wa�e any rigdh�t to Iate9�consider th�e eve t e defa ft rt rt happens$geiny�ey not ezercistng "'�;
<br /> � , .:t;
<br /> ' � 17.Johrt�d Saveral�i�� Co-slgne�e: Saeeoasors and Aasign�Baw�d. Ali dutiea undet this deed of Uust are joint and several. Any ' •.�
<br /> •� Borrower v+fio co-signs thts deed ot trust 6ut does not co-sign the undedyin debt instrumerrtts) Qoes so onry to graM and convey that . , �
<br /> � � Borrower's intereat in the property to tha Trustee under the term{ys ot thia deed o�truat.tn adQitlan,such a Bortower agvees that the lender and :„�.
<br /> . ` • � d e b t w h h o u t U�a t B o n o w e i ei c onsent and wtthouYt reteasin8rtthat Borrioweitrom the terms of�tTNa d e8 d oef uust.mi$daed of ttuat or the secured . � _
<br /> •� The duties and benefits ot thia cteed of trust shatt bind and beneflt the auccessore and assigns ot LenQet and Borrawer. , • '"
<br /> 8,tVotice.Unlesa othenn+lse required by taw,any notico to 8orrower shall be given by delivering it or by,maiting it try cenifled mail addressed to '
<br /> — - � �orrower et the praparty sddross or any other address that Borcower hasg�von to lender.Borrower wili give eny notice to Lender�y certified • .
<br /> • � mail to LenQsr's addrese on page/of this deed of t�uat,o►to any other address which lender has Qesignated.Any other notice to lender shatl ,
<br /> - • � . he sent to Lender's address as steted on page 1 of Mis deed of trust. " �
<br /> � . Any notice shail be deemed to have been givan to Bortower or LenQer when glven in the manner atated above. ,
<br /> �� � 19.Ttan�lor of tho Property or e Bonoflclal(ntarest in tfie Bortawws.If ail or any pan ot tho properM or any interest in it is sold or uansterred . �
<br /> withou! Lender's prlor wrttton consent, Lander may demand immediate payment o! the secured debt. Lender may also demand immediate �
<br /> . paymant(f the Barrowe► is not a natu►al person end e beneticiat interest in the BorrOwer 1s sold or ttensferred. However, Lende►may nat �
<br /> ' demand payment in the a6ove 8ituations it it is prohibited by tederal taw as of the dete of this deed ot trust.
<br /> � � 20.Reconvoyaneo.Whon the obiigatioro secured Ey this deed o!trust has 6een paid, and Lender has no turtfier obNgatlon to make advances • �
<br /> � � under the Instrumertta or agreementa sacured by this Qeed ot trust,the Truatee ahail,upon wrltten requeat bV the Lender, roconvey the trust
<br />. � . " • obligetr io�n so eatisfied66o�irowoVr shatitpay 8ny recordaUon coete er's auccessor in iMerest,the vust dee0 and the note or other evidence af the • .
<br /> ' 21. Suecossor Trusteo. LenQer, at lender's option, may remove Truatee and appoint a successor truatee by flrat, mailing a copy ot the .
<br /> � ' subatituUon ot Vustee es requtrad try aDP��eable iaw,and then,by filin$the substitution o}trustee tar reeord in the aftieo ot the tegister of deeds
<br /> � of oach county in which the trust properry,or some pan thereoi,is sduated.The successar trustee,without conveyance of tfie propatty,shall
<br /> succeed to aU the power,dutiea,authority and tiUe of the T�uatoo named in the deed of uust and o!any successor Vustee. • . .
<br /> � � rvago?of zl . .
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<br /> . BJWNEAS SVSTEM9.�NC..ST.CLOUD,MN 68301 11-80439743411 FOBM OCP-MT6NE A/19/91 - � .
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