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<br /> executcd lar thc purp�:�c ��f crentinG,securing ur guurtmrying thc Securcd Ucht. A goud faith bilicf hy L.�:nd�r th�►t
<br /> I.endcr at any timc is insecurc with respact to any pcnon ur cntity uhlig�;tcd c�n th�Sccurcd D�:bt or thi�t thc prospcct
<br /> of any paymcnt or thc vnluc oF thc Pr��perty is impaircd sl�nll also constitutc an cvent of dcfault.
<br /> 15. REAtEDIGS ON DE['A�UI.T.In somc instAnccs,fcdcrtil and statc lu�v will rcquirc l.c:ndcr to nrovi�ic Gruntor with
<br /> • ' noiicc at thc right to curc or othcr noticcs nnd mny cstnblis8 timc schcdulcs far funclosurc .ictians. Suhjcct to Uusc
<br /> ,• limi�ations, if any, Lcndcr may ,�cccicrate the Secured Debt �nd fareclosc this S�rurity Instrumcnt in a manner
<br /> , ;,1 provided by la�v if Grantar is in default.
<br /> At thc aption of Lcndcr,�U or any part of thc agrccd fces and charFcs, �iccrurd intcrest imd principal sh��ll becomc
<br /> ��="r „ imrnediately due and payable, a[ter giving notice ii requind hy law,upun �he c�ccun•cncc uf a deC:.�ull c�r anytimc �
<br /> •• � • `"'*'� thereafter. In addition.Lrnder shall he entiticd to all thc rcmedics prnvidcd hy luw,thr tcrms uf thc Sccurcd Uehl. .
<br /> thisSecurity Instrument and any related documents,including witl�out limitaticm,the pnvrer tc�sell thc Propurty.
<br /> � If there is a dcfault,Trustce shall,in addition to any other permittcd remcdy, at thc requrst u[thc Lcndcr,advertise .
<br /> - and scll the Property as a wholc or in scparate pnrccls at puhlic auction to tlu highcst bicldcr for cash and comcy _,
<br /> absolute title free and cicar of all right,tiQe and interest ot Grantor at such time ared place cis Trustee desibnates. ''�..
<br />-_ _._----;-1 T_ruslCe chall viv��notice ot sale includin�the timc,tcrms and placc c�f sale and a d�scription of the properly to be sold
<br /> - . ` :•; as reqtiired by the applicable la�v in effcct at the time ot the proposed sale. ���r-
<br /> ' `-'' ����� U nn salc ot the ro ert and to the extent not rohihited by law,Trustcc sh�ll makc and dclivcr a dccd to thc Propcny
<br /> � �:,�:):;�,�i T' p P Y P ::_
<br /> � .'�s�*�: sold which conveys absolute titic to thc purchaser,and after first puying all fecs.charges and costs,shaU pay tu l.ender aU r�_, .
<br /> � � moncys advanced for rcpairs,taxes,insurancc,licns,asscssmcnts and prior encumbranres and intcrest thcrcon,And thc �;__
<br /> '� principal and intcresl on thc S�cw�e�Dc:Ut,paying the surplus,if any,to Grantor. Ixndcr may purchase the Property. �
<br /> Thc rccitals in any decd of convcyAncc shall bc prima Cacic cvidencc of thc facts sct forth thcrcin.
<br /> ,'��1 A!1 r�rnedics are distinct,cumul<�tive and not exclusive,and thc Lcndcr is cntidrd to all remedics provided at law or �;',�_
<br /> :�:,3,,4.r
<br /> equity,whether or nat expressly set forth.The acceptana:by L.,�:nder of any sum in payment or partial paymcnt on the � ,•�
<br /> •.,�!' Secured Debt after the balanee is due or is accelerated or after foreclosure praceedings are Cled shall not constitute a r_-
<br />:;, waivcr of L.endcr's right to rcquire com}�lete curc of any cxisting default. By not excrcising any remedy on Grantor's �;��
<br /> de f�u l t,L en der does n o t w a i��e I.e n d e r's ri g h t to later consider the event a deCault it it continues or hap pens again. ���n -
<br /> ";, , 16.E?(PENSES; ADYANCES ON COVGNANTS;ATTORNEYS' FEES;COLL�CTION COSTS.Exccpt when =_—
<br /> �`','., _
<br /> , ,,��.�y, prohibited by law,Grantor agrces to pay all of Lcndcr's cxpenscs if Grantor breaches any covcnant in Uiis Security -
<br /> Instrurnent.Grantor wi�l also pay on dcmand any amount incurccd hy Lender for in�uring,inspccting,preserving or
<br /> .� athetwise protecting the Property and L.ender's security interest.These expenses�vill bcar interest from the date of
<br /> the payment until paid in full at thc highest interest rate in effect as provided in the terms of the Secured Debt.
<br /> q� Grant�or agrees to pay a{l costs and expenses meunea by I.ender in coiieciing,cn��urcing ur proirctiiiF;Li;fiiicf� �ig1�i�
<br /> .:5.;,.,;7'i
<br /> ,_,,f:�,;�� a�d r�medics under this Security Instrument.Thic amnunt may include, hut is noY iimited to, attomeys' [ees, court
<br /> �"'•�> ' costc, and other legal expcnse}.This Sccurity Instrument shall remuin in effcct umtil rcicased.Grantor agrees to pay
<br />��� ,, €or any recordation costs of such rcicase.
<br />- 17. ENVIRONPdCNTAL LAWS AND HAZARDOUS SUBSTANCES.As used in this scction,(1)Environmental I.aw
<br /> � means,without limi4ntion,the Comprehensivc Environmental Rcsponse,Compensation and Liability Act(CERCLA.
<br /> • ' 42 U.S.C. 9601 et seq.). and all other fcdcral,statc and local laws.regulations, ordinances,court ordcrs,attorney _
<br /> '� " � general opinions or interpretivc letters concerning the public hcalth,safety,welfare,cnvironmcnt or a hazardous
<br />-"'� � seibstancc; and (2}Huzardous Substancc mcans any toxic,radioactivc or hazardous matcrial,wastc,pollutpnt or
<br />'.�:',` � �� contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public
<br /> �, � _, health,safety,welfare or cnvironracnt. The term includcs,without limitation,any substanccs deGncd as••h�.ardous
<br /> _._��;i - material;'"toxic substances;'"hazardous waste"or••hazardous substancc"under any Environmental Law.
<br />._.-.r,....,-.z.t .
<br /> :' •°: ^-��� Grantor represents,warrants And agrees that:
<br />-•;;,'�_� ��
<br /> :=i;�s•� r•e' A. Except as previously disclosed and acknowledged in writing to L.cnder,no Hazardous Substance is or tivill be
<br />�ti����`''"P:`�, located,stored or released on or in thc Property.l'his restriction docs not apply to small quanti¢ies of
<br />--'''`� �':" Ha�ardous Suhstances that are generally recognized to be appropriate tor the normal use and maintenAnce of
<br />=-- • -. the Property.
<br /> - B, Ea;ccpt as previously di>closed and acknowlcdged in�vriting to Lender,Grantor and cvcry tcnant have been,use.
<br />-�:�ti�.• � and shall remain in full compliance with any applic�ble Environmental La�v.
<br /> -'=j-:::�.� C Grantor shall immcdiatcly notify Lcnder if a release or thrcatcncd release of a Hazardous Substance occurs on,
<br /> -_��Z--.__, •.
<br /> —_.;�:,:;� . under or about the Property or there is a violation of any Environmental La�v conc�;rning the Property.In such
<br /> '„�•.�f�. : an event,Grantor shal!take all necessary remedial action in accord�ncc wiIIfi flny Environmental Luw. --
<br /> ,~'�� , , D. Grantor shaU immedi<ncly notity Lcndcr in writing as soon as Grantor has rcason to bclicvc thcrc is any
<br /> • pcnding or thrcatened investigation, claim,or procecding rclatin�to thc r�lease or threatcned relcasc of uny
<br /> ', " H��rdous Substance or the violation of any Environmental L.aw. -_
<br /> 18. CONDEMNATION.Grantor will give Lender prompt notice of any pending or threatened action,by private or =_
<br /> � public entities to purchase or take any or all of the Property through condemnati��n,cminent domain,or any other -
<br /> - _;:,,r ; �neans.Grantor authorizes Lender to intervene in Grantor's name in any of the above described actions or claims. �s_
<br /> �'����''`'•'� Grnntor ussions to Lender the rocceds of an -�ward or claim for diima �s connccted with a condernnation or othcr
<br /> •�:;,�'� � 5 P Y< 6'• , :a•
<br /> �..tir.;r,:,
<br /> ,�,.� ''.''�,�;�ti�';• taking of all or tmy part of the Property.Such proceeds shall be cunsidered priyments and will be applicd as provided in
<br />__ � � this Securiry Instrument.This assignment c�f procecds is subject to thc terms o[any prior murtgu�;e,detd of trust. .'
<br /> . , 4 security agreement or other lien document. �
<br /> , � 19. INSUItA1VCE,Grantor shall kecp Property insurcd against loss Ny firc, fluod,thcft and othcr ha•r.ards and risks " ,,,
<br /> ,, � rcasonEbl�-associated with the Property duc to its rype and lacation.This�nsurana:shall bc maintained in the amounts
<br /> •- � and for the periods that L,cnder requires.The insurancti carcier providing the insurance shall be chosen t�y Grantor
<br /> ' suhicct to i.endcr's annro��al,which shall not bc unrcasonabh�withhcld.lf Gr�ntor fails to m.�intain thc covcragc
<br /> _ - - _- .� . ..
<br /> described above.Ixndcr may,at Lendcr's option,ohtain covcrtige tu protect I.cnder's rights in thc Prciperty acre�rding
<br /> to the terms of this Security Instrwncnt.
<br /> ` /�II iRSUrancc policies and rrnewalc ehHll h�• a�rr(+I�thle to I rndrr:md ch:�ll inclur�r:�etand:�rd"mort F�:u�e rl:m�r":ind. _ t'
<br /> �vher�applicable,"loss payee clause." Grantor shnll immediatcly nutify Lrn�icr of canccU��tion ur termin;ition uf thc
<br /> insurancc. L�:nder shall have the right tohcild the policics and rencwals. If Lrndcr rcyuires,Cirantor shall immrdiatcly
<br /> ., �►ive to L.cnder all receipts of paid premiums and renewal noticrs. Upnn luss.Grantor sh.ill�;ivc imrnediutc ni�ticr tc�
<br /> t hc insurancc carricr and Li:ndcr.Lcnderm�iy m��kc proaf uf loss if n�u m.idc immrdiatcly l�y Cirantur.
<br /> � (page 3 of 4)
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<br /> - .. �199lBarJ.urnSyslerrtt.lnt.S�Cbutl.MN It-80039)•2J31) FamRt�Di•NE 6&9A � � .
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