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<br /> � L. Notwithstanding any of thc lungungc contuincd ln thla pccd of 1'rust to thc conteary,thc tcrms of this scction shnll .
<br />, isi�rvivc any forer.lnsurc or sntisfaction nf this�ccd of'I'rust regurdlcss of nf�y pnssn�c of ddc to B�neficinry or nny '' o
<br /> � disposlttan by[icneficiary of nny oe nll of Uie Properry.Auy clsims nnd defcnses t�thc cantrnry nre hereby wnived. ` _
<br /> 20.CONDk1NNATlON. Trustor will Qive Be:ncflclury peampt noda.of nny nctian, rca! or tl�re�tencd, by privnte or puhUc
<br /> I cntities to purchase nt tnke nny or all of cha Proptrty, including nny easementa, through condemnation, emtnent domnin, , . R,
<br /> � or any othcr mcans. T���;tnr further ngrees to notify Heneflci�ry of nny praa;edings i��s�itutcd for ihc cstablishment of any `
<br /> sewer, water, wnsen�a{lon, ditch, draiaage, or other distric:t rclnting to ar binding upon the Property ar nny part of it.
<br /> Trustor authorizes Bepefic at3�,,tp,�j�ryeuo,in Tn�stor's name in any of the nbove described actione or clalms nnd to collect
<br /> ' nnd receive all sutns result�psi�o�p�kF:��i'on or clnlm. Ttuator assi�ns to fieneficiary the procceds of nny t�ward or clnim •
<br /> ' for damage.s wnneoted with�s�.oadc�pitlon or other taking of all or any part of the Property.S�ch proceeds shall be ,
<br /> considered payments aad wUl be applied n�provided in this Deed of Trust.This assignment of procceds �s subject to thc
<br /> eerrn9 of any prior security agre�.mcnt.
<br /> 21.INSURANCE.Trustor agrees to ma3ntain ipsurance as follows: . ,�,�f; _
<br /> A. Ttustor shall keep the Pmperty insured a ainst loss b fire,theft and other hautrds and risks reasonably assaciated ��`r�
<br /> . with the Praperty duc to its type and location.Other b�ards and rusks inuy includc,for cxample, coverase a�airst � •=�'.'.���`"'"_
<br /> l�ss due to floods or flnodim,3. Th�s insnranec shall be m.�intained in thc amounts aad for the perlods that ___ ,�.,�-�-
<br /> Beneficisry requires. "Rie insurance carrier providing the insurunce shall be chosen by Trus[or subject [o .�'�����_w�
<br /> :'� Beaeficinry's approvnl. which shall aot be unmasonably withheld. If Trustor fails to maintain the coverage , ., .�, --- --
<br /> descrtbed ahove, Beaeficiary may. at Beaeficlary's option, oburin coverage to protect Benef ciary's riglits in the � ''
<br /> � �" Property according to tdie terms of this Deed of Trust. ' �r��a� °=
<br /> { All insurance �olicies and renewals sball be acceptable to Beaeficiary and shall include ca stnndard "mortgage � •_�`,_�
<br /> clause" and, where agpllcable, "beneficiauy loss payee clause." Tmstor shall immediately nottfy Bene6ciary of �. ��•
<br /> � cancellation or termination of the insurance. Beaeficiary shall have the right to hold the policies and renewals. If � L`�,�
<br /> • Beneficiary rcqu�res, Trustor shall inamediately give to Beneficiary all receipts of paid pren�ums and renetival s "�,��'°""�"�"�`
<br /> notices. Upon loss,Trustor shall give immecliate aotice to the insurauce carrler and Bsneficiary. Beneficiary may �;,��
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<br /> make proof of loss if not made immadiately by Tiusror. r���'-
<br /> Ualess Beneficiary and Ttustor otherwise agtce in writing, insurance pmceeds shall 6e applial to restoration or
<br /> � repair of the Property damaged if the restoration or repair is economically feasible und Beneftciary's security is not
<br /> � lessened. If We restoration or repair is not economically feasible or Beneficiary's securiry would be lessened,the
<br /> _ ___ _ ��,,�P Fr.,rnrrlc chall he;�nnlied to the Secured De6t, whether or not then due,with any excrss paid to'ilivstor. •� _
<br /> ' If Tnutor abandons the�perty, or does aot answer within 30 days a notice from Beneficiary Wat the insurancc -
<br /> �•'' � ' �� carrier has o£fered ro settle a claim,then Beneficiary may collect the insurance proceeds.9eneftcnary'maY use the `:. .,_
<br />_';r;; . proceeds to repair or restore We Proper�p or to pay the Secured Debt whether or not then duc.�'he 30-day period :�,
<br />- , will begin�Hhen thc avtice is given. �� F�
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<br />-.,�, �` 11¢�less Beneftciary and Trustor otherwise a�r�e in writing.any application of praoeeds to principal shall not eact�d �
<br /> r '• • '� or postpone the due date of scheduled paymeats or change the em�unt of the payutents. If the Pr��etry is acqairecl -
<br /> •�` by Beaeficiain�.Ttusror's ri�t to any insurance policies and proceeds resulting from damage to t��Property before i.'•
<br />-�''� "� the acquisitian shall pass to Beneficiary ro the exceat of the Secured Debt immediately before the pcs�uuisition.
<br /> � �' B. Ttustor agn�es to maintain compreheasive general liabllity insurance naming Beneficiary as an ndditiunal insured in '
<br /> �',� an acnount acr.eptable to Beneficiary, insuring against claims arising from any accident ot occurrence in or on the
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<br /> Property. "::4r��,'•
<br /> G Trustor agmes to maintain rental loss or business intercuption insurance,as requined by Beneficlary,in an amovnt __ •
<br /> „ f equal to at least coverage of one year's debt service. and required escro�v account deposits(Df s�,raeed to separutely �
<br /> in wrlting),under a form of policy acceptable to Beneficiary.
<br /> �; 22.NO��tOW FOR TAXES AND INSURANCE. Unless otherwise provided in a segns.l2�agnxaaent. Tcustor will not ��-�'"
<br /> be required ro pay to Benefrciary funds for taxes and insursv�e 8r�escrow.
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<br /> t�� �� � 23.FI1�iANCIAL R�(13iTS AND ADDI'i IUNAL DOCUA�NTS. Tcustor t�ti11 provide to Aene6ciury upon request, aay -_- -- ---
<br /> `�" fiaaacial statement or infom�adon Beneficlary may deem necessary. Tntsror wamants that all finane�al statemente and
<br />-'�� ' inforn�adon Trustor provides to Beneficiary are, or wiA be, acc:urate, correct, and complete. Trustor agrees to sign,
<br /> '��'�`'`` deliver, and Rle as Deneficiary may reasonzbly request any additional docucnent9 or certi�cations that Beneficiary may ���.-.
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<br /> -• • s�F;�s,• cansider necessary to pedect. cantinue,and preserve Trus4or's obligations under this L'�eet��f Tcust and Beneticiary's lien �_ _ __
<br /> � �, status on the Property. If'Ikustor fails to do so, Beneficiury may slgn, deliv�r,and file such docunaents or certificates in �.����
<br /> .� ' . T rn s t o r's n a m�e a n d T r u s ro r h e t e b y i r r e v a c a b l y a p p o i n t s B e n e f i c i a ry o r B e n e fi c l a ry's a g e nt as attoanc�� 'r.0 fact to do the �� -
<br /> things necessary to wmply witli this sectioa. �������.
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<br /> � - Z4,Jal�T'Q'AND INDIVmUAi. LIABILITY; CO-SIGNERS;SUCCESSOItS AND ASSIGNS BOiJND. All duties under •:=s�-�:wf�r���-=�-.!,;�
<br /> this YDerd of Trust are joint and individual. If Trustor signs this Dced of Tivst but does not sign thc Evidence of Debt, •`'�'''-"``':'�``::`;:'
<br /> Trustor do�so only to mortgnge Tn�stor's interest in the Property to secure payment of the 5ec�ared Debt and Trustor .`�""
<br />- doa not agree to b�personally liable on the Secured Debt. Trustor a�rcecs that Beneficiary and any party to this Deed of {• � `.•
<br /> Trust may extend, modify or innke any change in thc ternu of this Deed of'I�ust or die Evidence of Debt without �.�=•''�"� '
<br /> .� •.' Trustor's consent. Stich a change�vil7 not release Tcustor from the terms of this Deed of Trust.'Ihe duties and benefits of
<br />- :°,; this Deed of Trust shall bind and benefit the successors and assigns of Trustor and Beneficiary.
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<br />� If this IIced of Trust secures a guatanty betwe:�Seneficiary and Ttustor and does not direcdy secur+e the obligation which
<br />-� ' ; is guarant�ed, Tntst�r a�rees to waive any riehts that may prevent Beneficiary ftom brin�in� any action or claim against ,
<br /> -- - --_1 �. " " "___""'_�'C_J_L��J.....1....�L�..LI:wM:..w:...a..a:..� �.......a t:..,:rat rn one:�iafi�ionrv nr n*v,_artinn laws. I ' ._ , _- __ .,
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<br />- 25,APPLICABLE LAW; SEVERADILTI'Y; IIV'I'ERPRE'd'�A'Q'lON. 'Ihis Deed of Trust is govemed by the laws of the
<br />� jurisdiction in which Beneficiary is Iocated, except to thr. extent othenvise required by the laws of t6e judsdiction where •
<br /> the Property is located. 'Il�is Deod of Trust is complete and fully integrataf. 'Ihis Dced of Trust may not be amendcd or
<br /> modified by oral agreement. Any section or clause in this Deed of Trust, attachments, or any ugreement related to the .
<br />� Secured Debt that conflicts with applicable law will no[be effective, unless that law expr�ssly or impliedly permlts Ute ,
<br /> variations by�vritten agceement. If any section or clause of this Deed of Trust cunnot be enfora�d aocarding to its terms,
<br /> that section or cluuse will be severed and wi11 not aKect the enforceability of the remainder of this Dc�ed of Trust.
<br /> = Whenever used,the singular shall include the plural and the plural the singular.Thc captions and headings of the scetions
<br /> of this Deed of Trusc are for wnvenience only and am not to be used to interpret or define the tertns of rhis c�ed of Trust. ,
<br /> Time is of the essence in this Dced of Trust. `��� + i pigo G o!fi � „
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<br />_ o t 893 Danken Svaiame.inc.S� CbuO.MN 11�800�391-27N 1 Form AO�CO-0t NE 9n�i90 /
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