|
_ y�� � . . . . . �.r:.',:•.:..,:,_ c , �c�.
<br /> — . . . _ - _ _ . _c. _ ' _ . ---- -.- -_____. .. —_ _ - , .�. _ -
<br /> _ �. ' , • , s \ c _ H� �-��:.• . �, �
<br /> . . _ , •=Z� "s � '.o�' c' c. t <- _ �. ' .
<br />_!. ` �. .n.t� _S-' " L.'.'4 _'_'�.__s_c '__...._�__�_., _�-...._ _..._ ��__..._ ¢._ e
<br />.. � � . . . .. �c..
<br /> �� � 9�— ��� �ov�� -s�
<br /> , _ , `c 7,paymeate. Bartower agrees to matce all paymants on the aeacred debt when due. Untess Borrower and Lender agrea otherwise, anY • .' . `
<br /> ..� '' payments Lender recaives from Bortower or for Bortcwers be n P efit p7�be�ptied first t 8���B eaued debt accu s for any reason�'ct wi0 '�.;`�', - ,�
<br /> e�c d u s i v e o f i Mere s t o t p r i n c i p a i,s e c n r ti d t o j,A t e re s 4 a n 0 t h e n to dnci al.tf rtial prepaym "
<br /> , . � - n o t t e d u c e a r e n w s e a n Y sdsaduted�a ytAe r n unUl tt�8edued debt is paid in fu1L � �.. .
<br /> �1��' �
<br /> � � ' ` Z,�taims p g a i n s t T i tl e.B o R O�etv�fi pa y a i t� a S S S S 6 m�i t s.a�d o t h e r c h ar g e s amibutaLte to the vroperty when due end wili detend titte
<br /> � tp the propercy aga�nst a�ry d a t ms v�hi E fi w o u�a tr t h e t i e n o f t l ti s d e ed ot mist.�ender may require Bonower to ass ign any rip h t c,d a i m s o r . �
<br /> ' � � � dstensea which Borrower may have againat pa+ttas who supA�Y i�or ar materiaia to improve or ma��rtain the proparty � r
<br /> �` • � .•.� 3,hssivanse.Bormwer wli keep the property insured under terms eceePteble to Lender at Bortower's exyense and for Lertders Aenefit All ': `.•Y� �
<br /> insurance poliaes shal{induds a standard mortgage ctause In fawr of Lender.lendet wifl be�amed as tass P31fee or as the inswed on anY such
<br /> ` i�surance poGcy.An11 insurance proeeeds may be appGed,within lsnder's discretlon,to eiMer the restoration or repair of the damaged property
<br />-., � � or tv the Secured dsbi.M Lender�eQuUes mortgage�nsurance,Borrower agrees to mairrtain such insurance fo►as tong as Lender requires. ,
<br /> . _ �-�° j 4.Proyerty.Boaower will keeD the P�oPBrtV in gocd condition and make ail rep�rs�easonab[y neeessary• . � `_ `.'
<br /> r: � � �.
<br /> .. i 5,E a p e n aea.Bortower agrees to pay ali Lendei s oxpenses,inctuding reasonabte attamays'fees."rf 6ortower breaks any covenants in this deed •
<br /> �'- � ;; ot vust or in arry obfigadon secured d}I this d e e d o f tr u s t•B fl rco w a r w i i l p a y t h e s e a m o u r rt s t o L e n d e r a s provided in Covenart 9 of tfifs deed of ,a f .
<br /> ' trust. ,
<br /> . a p rior
<br /> ' ' 6.Rriot Sewrit�l Irt�rests-Unless Bonowar first obtains Lendera written consent.Bonower witl not make or ermit anY changes to any p �`; 4"
<br /> � � � seairity irrtarests.Hortower�nnli perform a0 of Bortower's obGgations under arry prior mortgage,deed of uust or other security a�eemertt. _ ; .
<br /> . .� induding BortouvePs covenants to make paymeats when due. :,� �<•,
<br /> � 7,pssignmettt oi Rerrts and Prolits.Borrower assi8ns to Lender the rer�s and profiis of the propercy.Unlass Bortower and Lender have agreed ' �
<br /> °"` otherwise in writing.Bu►rower may collect and retain the rerts as long as Borcower�s not�n defauk.lf Borrower defautts, Lender,Lender's '...F..... r..�
<br /> = � : � . �.r:.,, . '_.
<br /> _ �• . � agertt,or a court appoirtted receiver may take Possessw�and mareage the property and coltect the rents.Any rents Lender coliaets shall be
<br /> ' �_� applied first to tne eosts of managi�8 the property.ineludirtg oouR costs and attort eQn'�fe�� d d��p oveded ingCovena�st lany other '4 `
<br /> � necessary related expenses.Ths remaming amourtt of reMS will then aAP�Y to payrn �,: '�
<br /> ' a���a��,Co�damintums;ptanned Unft Devetoymems;Borrower agrees to compiy with the D�ovisions of any tease if this deed of trust is on
<br /> ' ` � ` a Ieasehntd.If dws deed ot trust is on a unit in a condominium or a plumed unii development,Borrower wiil perform ail of Bonowers dudes � ��G_
<br /> , .1' unQer the covenaMs,bydaws,or regutatlons of the conQorttinium or piat�ned unit deveiopmer�t. • _
<br /> g,puthorTty af Lendet to Perfom�tor Bortower. if Borrower fai�s to perform am/ot Bortowers duUes unde►this deed of trusL Lender may -__
<br /> ' ' perfarm the duties or cause t bem t o 6e pe r f a r m e d.L e n d e r m a y s i g n B o r r o w e r's rt ame ar pa y a m t amount if neeessary for pertormance.tf arry _
<br /> ;� � , -, aonsuuetion on the property is d'iscominued or not carried on in a reasonable manner,Len der may do whatever 1s necessary to Protect L en de r's
<br /> se6urity irrterest in the praperty.This may t�clude campleting the consbucdon. _—
<br /> . : '`�h',' - - °
<br /> Lende�s fai(ure to pertorm wii�not prectude Lender tiram exerdsing any of its other rigMs under the Iaw or this desd of trust. ;. ,;°m
<br /> . ..I.Jl 3.�. r.s�.
<br /> :�. � My amourrts_paid by Leader to protect Leader's security interest wiil6e secured by this deed of uust.Sueh amounta wi0 be due on demand « `_–
<br /> - , and will bear uiterast from the date of the paymeirt urrtil paid in fuil at tfie iMerest�ate i�effect on the aecured detr[.
<br /> _� �.__
<br /> ,�. ; . 10. Oefault and Aacoteratton. (f Borrower fails to make any payment when dae or breaks any covenar�ts under this daed of trust or any
<br /> obligaUOn secuted Dy this deed of trust or any pHor mortgage or deed of uust. Lender may accelerate the maturlty of ths secured debt and ` 7`�`�=`_�.'
<br /> demand immediate paymerrt and may invoke the power of sale and any otAer remedies permitted by appiieable law. `_ _.�
<br /> 'y' � � 11.Request foi Notke at DefmAt.It is hereby requested that coDies cf the notices of Qefautt and sale be serrt to each person who ia a party •- --.;�"�
<br /> � �� ' hereto,at the address of eseb such Derson,as sat farth herein. �y;_�
<br /> ` , 12.Pawor of Sala.If the Lender invokea the powet of sale,the Trustee shall first record in the office of 4he register ot deeds of each courtry # . __
<br /> ' wherein the bust property or some paR or parcel thereo!is situated a notice of defauit wntainin9g 6��8��othei persons es p�re�sR h d by —
<br /> ; � a h a l l a�o mail co pies of the noUce of defauR to the Borrowet,to eaah person who is a party h —
<br /> a D P���b t e l a w.Not less than one month after the Truatee records the notice of defauft, or twa mont hs i t t he tr ust D�o 06 n 1►is not in a� � �
<br /> ineorporated city or v�liage and is used in farming aperations ca rr i e d o n by t h e tr u s t o r,t h e T r u s t e e s h a l l g i v e p u b f i c�o t i c e of sate to the persons
<br /> . ' and in the manner prescnhed by epp�lipble law.Trustee,w3tfiout demand on Bonower,shail sell the property at pubiic auction to the highesL _
<br /> `�.ti. ," bidder.tt required by the Farm Homestead Protection Act,T►ustee shail aHer the property in two separate sates as requ'�red by appiipbie law. . � .��;_
<br /> Trustee may postpons sale of all or any parcel of the propercy 6y public announcement at the time and ptace of any previousiy scheduted sate. . ,�,�.,
<br /> Lender or its designee may purchase the property at any sale. . • ,._�;�_;
<br /> Upon receipt ot payment of the price bid,T�ustee shall detiver to the p�uchaser Trustee's deed wnveying the property.The recitials contatoed in
<br /> - • - Truste9's deed shall be ptima facie evldience of ffie mrth of the atatement8 contatned therein.Trustee ahali apD�Y�e proceeds of the sate in the �,����,
<br /> � foltowing order. (a) to atl expenses of the sate, incfuding, but �ot limfted to. �easonabte Trustee's tees, reasonabte attwne�s tees and , r_
<br /> reinstatement fees;lb)to all suma secured by this Aeed of trust,and fo)tAe batance,if any,to the persons legally entitted to receive i� :,�`:,�„�,
<br /> �('.. . : ty.i-.
<br /> • 13.Foreclasure.At Lender's option,this deed of trust may be toractosed in the manner provide by apD���ble law tor toreClosure of mortgages .;'�.
<br /> �. on real property - ' �'"`�=
<br /> "! - ' . ..a: _.,
<br /> 14.Inspecdon.Lendar may enter the property to inspect it if Lender gives Borrower notice beforehand. The notice must state the reasonabfe �_,
<br /> ;.; � cause for Lender's inspection. � . -
<br /> �� 15.Condamnatlon.Bonowar assigns to Lender the CroceeQs of any award or daim for Aama8ea connected wltfi a conQemnation or other tak+ng - �.. -�
<br />•. � of atl or any part of the propetty.Such proceeds will be appiied as provided in Covenant 1.This assignment is sub]eet to the terms ot any priar ,
<br /> '' � . • security►agreement.
<br /> :�', `. ,' . . .
<br /> 18.Waivor.By exercising any remedY aveitable to Lender,Lender does not give up any rights to iator use eny othet remedy. By not oxercising
<br /> �e..` � any temedy upon 8orrower's detault,Lender does not waive any right to late�consider the event e defauit if it happeas again.
<br /> 17. Jotet and Severaf Ua6tiity Casi�ers; Suceesaors and Aastgns Bound.All duties under this deed ot trust are joint and several.Any � . .
<br /> ' .,•� Bortower who co-signs this deed of t�ust but does not easign the undertqing debt instrumenttel Qoes so only to grant and convey that .
<br /> Oonower's interest in the property to the Trustee under the terms of this doeU of Vuat.in aQdition,such a Bortower agrees that the lender and
<br /> � ' � dabt wlthout rth t Borrower'siconseM a d withouYt re►e sang that Bo r wer(rom t e terms of this deed ot truat this deed of Vust o►ihe aecured �_._.
<br /> � � � � The Qutiea and benefits of this deed of trust shail bind and benefit the successots and assi8�a of Lender and Borrower.
<br /> � �i 18.Notlee.Unleas otherwlse required by Iaw,any notice to Borrower Bhell be given by deiivering it or by mailing it by certifled mail addressed to .. •
<br /> ; ;I Borrower at the property address or any other eddress that Borrower has given to Lendar. Bortower wiil give any notice to Lender by ceRi£,ed
<br /> mail to Lender'e address on page 1 of thia deed of trust,or to any other address which Lender has desig�ated.Any other notice to Lende►s'sail
<br /> � be sent to Lender's address as stated an page 1 of this deed of trust.
<br /> � ' � Any no8ce shall be deemed to havo been given to Borrower or Lender when given in the manner atated above.
<br /> ' 19.Tmnsfor of the ptoyerty or o Beneflcial tntaroat in tho Bonowa�.If all or any part of the Dropertv or any interest in it is sotd or usnsterred • � .
<br /> "- ,� i without Lender's prlot written consent, Lender may demand immediate payment of ttu3 &ecured debt. Lender may atso demand immediate
<br /> demandtpaymeM in the above situaUons if ii a prohib t,ed by federal law as of the Cate�o}this deed�ot trust nsterred. However, Lender may not • .
<br /> i 20.Raeonvoyanee.When the obligation seeured by this daed of trust has been paid and Ler�der has no turther obtigation to make advances .
<br /> � under the instrumonts ar agreements securod by this deed of trust,the Truatoe ahalf,upon written requeat by the Lender, rewnv0y the trust .
<br /> , � property.The 1.ender shail detiver to the Bortower,or to Borrower's suceessor in interest,the trust daed and tha note or other evidence ot tho
<br /> obl�gatlan so satisficd.Borrower ahall pay any recordation costs.
<br /> � ' 21. Succoeaor Tru3tee. Londor, at Lender's option, ma�r romova Trusteo and appoint a successor trustee by first, mailing a copy of the • .
<br /> • substitution of trustee as�oquirod by applicable law,and then,bV filing the substitution of trustoe for record in tha office of the registor o1 deods
<br /> ' � succeed to all tho power tdutiess autho ty and titiv o!the 7ru teo named me he d ed of tr st and of any�successat t ustee.of the property,shall : - ,
<br /> ,. . � ..
<br /> _ : . •
<br /> �pogo?of 2! � .
<br /> " BANIfERS SYSTEMS.INC.ST CtOUD.MN 58301 tl 800 397-]7411 GOAM OCV 1M6NE 6r19.91 _ _ �- �
<br /> '
<br /> ? ' .
<br /> 1 � ' �
<br /> � 1�
<br /> ' � } .
<br /> �I -. :we�. , �� ��_ � :--1 i �-., j- � -e'� .� '.. `
<br /> • , . . ♦ . � _ ' .
<br /> -.i� -� . . ... . :' .. '. ' . �- . . .' �� '� �:' 6-. '� -)'. ar:t 7 .L•�! Y R�It{� `"�J'�'li k ..�3r?
<br /> , . . , .
<br /> . • . '
<br /> .. � �' • . ••.�. -: �
<br /> ,
<br /> �.... . . . .... _.� . . . .._ - .... . -` _ • _.. _ . _ .__ . ..... 7. .::-. , . . . �._ .._. .. _ . ._. . ... ..'_
<br />
|