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<br /> I 14. U!'sH'Alil.'1'.Tn�stor 1viU hc in dcfnult itnny party ubllpiitcd un ili:�ticcurcd I)cht fnIIH tm m�kc piiyment�vhcn dua.'I'PlEHIOP �
<br /> �+�ili hc In def�uU if a brcnch accurs t���det titc tenns ot ihls SciurUy inntrumcitl nr im ��thcr documcnt exccutcd f'or th�� r,-
<br /> pur�osc af crcatln; eccuring or gu�ztRntying tlic Sccurcd Ucbt. A!;ai�d t�nith hcUcf hy�lcncfic�nry ihm 1lcnctici�ry nt nny `
<br /> , Qnte le insecu�cr�v�t�t respect to any pernon ar entity obllgmed on ttie ti�cured I)ebt cir�hnt the prospGCt nf nny piiyment or '
<br /> thc value of th�!'r��perty le hnpnlred ehnll Nso c;nnstfwte an event of defnult.
<br /> 1S. !!�lt��IDIlE9 �A D�E!��U1L�'. !n som�InstUllCi'S, fcdcral and state Inw will requirc Rcnirfi4lnry tn prnvidc Tn►st�r�vfth -_
<br /> noti�:e of the ri�lit to aure or other notic�:s and may estnblish Nme schedulca for fareclosure n�tlons. Sublcct to these
<br /> Ilmltcstlons, if any, Beneficiury muy accelerate the Sccured Dcbt flnd foreclosc thie Security Instrunient In n mvuier
<br /> provided by IAw iF Trustor is in defnult.
<br /> , ' " At the option of B�ueSciary, all or any Q:ut of the agrekd fees Futd churges, accrucd interest nnd princlpul sh�tll hecome
<br /> immedlatelq dt�a F►:id pnynblc, aftcr givmg noticc if' required by lavi, upon d�c occ;urrence of a deft►ult or nnytime -
<br /> thereafter. In additfau, Aeneficlnry shall be entitled to�11 thc remedics provtded by luw, the terms of the Secured Dcbt, �
<br /> this Security Instniment and any relateai documents,including without lim�tation,the power to sell�he Property. °
<br /> If there is n defnult,Trustee shall, in addltion to any other pemutced remedy, at the request of the Benet3ciary, advertlse �
<br /> and sell the Propesty as a whole or in separate garcels at public auction to th•highest bidder for cash and convey absolute �w,� =.�.
<br /> • Htle free and cl�z of all right,title and tnterest af Tivsror at such Hme and place as Trustee designates,Trustee shaU give i"•� r,�'
<br /> notice of sale including the time, tem�s and place of sale and a description of We property to be sold as required by the ._ .
<br /> applicablc la�v in effect at We time of the proposed sale. --_==
<br /> Upon sale of:he property and tu the extent nut prohibited by law, Trustcc shall malce and deliver a deed to the Progerty �—_
<br /> sold which conveys absolute title to the purchaser, and after first payiag all fees, charges and costs, shall pay to r'�'�m °�= _
<br /> . Beneficiary all moneys advanced for repairs, taxes, insuraace, liens, assessments and prior encumbrances and interest `• "'�`
<br /> thereon, and :�I�e principal and interest on the Secured Debt, paying tlie surplus, if any, to TNStor. Beneficiary may �� '�����
<br /> � purcktase the�roperty.The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therein. .:_ , _--"�
<br /> . •,._:�„�r:;
<br /> :i�;��`��� All remedies are disunct,cumulative and uot exclusive, a��d the Beneficiary is entitled to s►Il remedies Qrovlded ut law or r�T
<br /> ' equity,whcth�r ar not expressly set forth.The acceptance by Beneficiary of any sum�n payment or punal paymeut on the ,
<br /> ' Secured I7ebt nfter t4e balance �s due or is accelerated or after foreclosure proceedings are flled shall not coustitute a '�'
<br /> • i+�• waiver of Bcueficiary s rlght to require complete cure of any existing default. By aot exercieing Any remedy on'1'ru�ror s
<br /> �• • default,Be�n��iciary does uot waive Beneficiary's dght to lAtes consider the event a defaiat if it continues or happens again. �
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<br /> 16. E7CPEN3E8; ADVANCES ON COVENMI�'S; A'tTORNEYS' FEES; COL3.E�TION COSTS. Except when • �
<br /> • '°�.;;I�Y; prola3blted b�la�v, Tnistor agrees to�ay all of BeneficIary's expenses if Trustor breaches any covenaat in thia S�x:urlty ;�•�.;��i � ' ;`.,•_
<br /> ;, , �,:',,. ,, '-`�� msuvmena, s sustos will also pay on aemand any amount mcurrea oy Bcuci;�iuiy fus ir,�ue;u}�, i„aj�ceti,ig,p�,iae�vuig� or '�,,�¢' j;,, �,:fi:-�, ,
<br /> , ,',;,;;,� othenvise pro2+�etin�the Property and Beue�iciary's securlty Interest. These expenaes wlll bear wteresa from the date of the ,.1 r.;�%�:•. # . '�''�
<br /> '� � payment undl p�uc� �n full nt We highest incerat rate in effecc as provided in the terms of the Secured Debt.Tivstor agrees �t's� ., ,.; '�;�;
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<br /> . to pa all costs aad e�enses incuned Uy 9eneflciary in collecting, enforcing or prot�ctin� Beneftciary's rlghts and "'' ••� ;�" ��>f ' '
<br /> � re�es und�s thls Seciu�ry dnstrument.This amount may include, but is not limited ro, attorneys' fees, court costs, and �� �''� ����S'' �3
<br /> other legal expt�ses. Thls Securtty Insmunent shall remnln In effect until released. T(U9IOI Aj�*SCCS to pay for any : }':�;:`� `:�
<br /> : recordaHon costs of such release. , A '� .
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<br /> • 17. ENVIIZONM�NA'AL LAWS AND HA7ARDOUS SiIBSTANCES. As used In this se.ction, (I) Environmental Law ,:
<br /> means,without Iimitation, the Comprehensive Envtronmentul Response. Compensation and Liabillty Act(CERCI.A, 42
<br /> �'' U.S.C.9601 e¢s�q.), and all other federat.state and local laws, regulattons, ordinances. wurt orders, attorney general - •�
<br /> , r• •. opintans or ini�:�pretive letters wnceming the publlc health,safety,welfare,environment or a hazardous substance;and(2) ,. Y
<br /> Hezardous S�sbstnnce means any toxic, radioactive or hazArdous msterial. wasta, po llutant or contaminant which hss ,�r. ;�,.
<br /> � chnracterlsdcs whir.� render the substance dangerous or potenti�lly dangerous to the public health, safety, welfere or • _.�.,,.:_�
<br />- � environment. 7be tatm includes, without limitation, any sabstances defiaed ns "h�zaMous matedal," "toxic substanres," '�,
<br /> ,. �k. "haz�dous wastc�"or"hazardous substunce"under any Environmental Law. �',.��.`
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<br /> Trostor rcp�reseuto, werrants and agrees thnt: ':•,�i�; _
<br />- A.Bxcept as pteviously disr.losed and aclmowledged in writing to Beneficiazy,no Hazardous Substance is or will be "-L-�'=�
<br /> ' locatod, storisd or mleased on or in the Property. 'Il�is restrict{on does not apply to small quantities of HazaMous - --
<br /> 51�bst�t1iAt arc generally reoognized to be ap ropriate for the normal use and raaiuteaance off the Property. �:��"��
<br /> , B.Exc�pt a^,pmviously disclosed and aclrnowlcxig�in writing to 1Bcneficiary.Trustor and cvcry tenant have been,are, '"i-�"'�''4�"°�`�=
<br />- an d s bP�l re m n in in f u l l comp liance wi t h any applica b le Env i r onmen t a l L aw. 1��;==------
<br /> � C.'flvstor sl�s�l im�r�ediately natify Beneficiary if a release ar threatened release uf a NazaMous Substance occurs on, -_--
<br /> und�r or abwt the Property or there is a violation of any Envlronn:ental Law concerning the Property. In such an -`=``� '� -----
<br /> _ . event,Tuusror shall take all necessa remcdial action in accordance wtth an Envixonment�l Lnw, n • ''!, .�
<br /> �Y Y ,�, �::;s.:.
<br /> D.'hustorsl�f�l immediatel noti Benefici ����� � ���'� �
<br /> y fy ary in�vriting as soon as T:ustor has reason to belceve there is any pending �.. ;,�;,�.,,,,„ ,.,�•:ti;:.,
<br /> or threaYr.�ai l�vestigauon, claim, or procceding relating to the release or threatened releasa of any Hazudous • .-��:.i:f�-,• �-,:�-;..,�,
<br /> : S�bstnn�or the violatfon of eny Eavironmental Law. � �_,"••:_':"
<br /> 18. COND�IVIIVI�`I'ION.Trustor will give Beneficiary prompt notice uti any pendin�e or threatened action, by private or public
<br /> - entities to purc�tse or take any or all of the Property duough condenv�aaon,emcnent domain,or any oWer meuns.Tnutor .
<br /> - authorizes Bea��ic��ry to intervene in Tmsior's name in any of the above descriEed actions or clatr�s.Ttvstor assigns to •
<br /> , Beneficiary th�procads of any award or claim for damages connected with a condemnation or other taking of nll or any •
<br /> part of the Properix. Such procecds shall be considered payment� and will be applied as provided in this Securlty `
<br /> - Insuvment.T1a3a ass�gnment of proceeds is subject to the ternu of any prior mortgage. dced of trusc,security agrecment or
<br /> other lien aloc�untnt. '
<br /> ' 19. IIVSURANCE.'IYustor shall keep Propecty insured against loss by firc,flood,Weft and other hazards and risks reasonably "'
<br /> associatal �vith the Property due to its rype and location. 'lhis insurance shall be maintvncd in the amounts and for the
<br /> - periods that Beneficiaryrequires. The insurance carrier providing che insurance shall be chosen by Trustor subject to ' �
<br /> &aeficiary's a�proval, which shall not be unreasonably withhcld. !f Trustor falls to mnintain the coverage described
<br /> 9F1(1VP �f+ltpfirt��N if'I�v nt Rnno�t�innr�c nnfinn nhtoin.v�vn.ann rn nmtau�t Rs+na�r�erv'e rinhre�:n�3.o D«...e.�..�......�:�..
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<br /> to th�tenns of d�(s Securiry Instmmcnt. �
<br />-- All insurFnzte po�licies and renewals shall be acceptablc ro Beneficitvy and shall include a standard"mongage clause" and.
<br /> where applica�.�Sz. "loss payee clause." Tcustor shall immediarelv notify Beueficiary ot'cancellation or termination of the
<br /> insurance. 8t�eficiary shall have the rigt►t to hold the policies and renewals, If 8ene�ciary reqvires, Trustor shall
<br /> imm�eciaately rlve to 8eneficiary all neceipts of paid premiums and renewal notices. Upon loss. Trustor shall give '
<br /> imrr,^..xliate notice to the insnrance carrier and Bcnefic'sary. Bcneficiary may make proof of loss if not madc immediately by
<br />— Trustor.
<br /> Ipago 3 0/41 I
<br /> 01994 DaMCre Syrtome.lnc,Sc C�outl.MN '1.800]97�2�51 i �«m RE DT�NE 9it 3�90
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