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<br /> cxccut fc�t�ffi��iOiM�Y��14WiHM . �curing or gut�rantyin6 lhu 5ccuird Dcht. A�uud fnith hrlicf by LA:nd�.� dmt
<br /> „ �,��t�� i cs c�t to nny person e�r cntity e�hligatcd un thc 5rcurcd 1)rbt ur that thc pru,��cct
<br /> of any paynnent or dic valuc af thc Praperty is impaircdshuU ulsu constitutc nn cvcnt of dcLiult. .:
<br /> 1S. RGMEpIG�ON DF,FAUL7'.In somc inst�mccs,fccicral and statc I.�w will requirc Lrndcr to providc Grantor with '�'j�'
<br /> �, noticc of the right to cwe or other notices i�nd m.ry�s�ahlislti timc schcdules fur forcclusurc i�ctiunti.Subjcci lo thesc �
<br /> limitatiuns, if any. Lender may acceler.�te thc Secured Deht nnd forcdose this Security Intitrumcnt in �mtmner
<br /> � � pruvided by law if Granwr is in defuult.
<br /> :�. , At the uption of L.cnder,all or nny part of lhe n�reedfecs��nJ chargcs,accrucd intcrcyt and principal shull hccumc ,
<br /> �;,,;,;�,,,:.rr : immcdiatcly duc and paynhlc, uitcr giving notice if requircd by la�v, iipon thc accurecncc of a dcfault ur,�nytimc
<br /> ,�,��,w�+urr•3 thercafter. ln�ddition,Lcndcr shall bc entiQed to nll Ihc remedies providcd by law,thc temis of the Sccurcd Ucht,
<br /> this Security Instrumen►und any tclated documents.includinb without limitatiun,the power ta seU the Properly.
<br /> . lf there is a default,Trustcc shall,in addition to uny uiher permitted remedy,at ihc rcyuest of the Lendcr, advenise °
<br /> ' and scll thc Property as a whalc or in separatc �arccls�t public auction to thc highr�t hiddcr!ur cash and cunvey , _
<br /> • absolute title free and clear of all right,title and intcrest of Gra�uar at such timc and place as Trustce desig,nates. u`
<br /> � Trustee shall give notice of sale including the timc:,terros and pluct: of sule and a description of the p�operiy te�bc sold ��=
<br /> as required by the applicablc law i�cffect at the timc e�(Ihe praposed sal�. �`-'
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<br /> Upon salc of the property and to thc cxtcnt not prahibited by law.Trustce shall makc and delivcr a dcrd ta the Property :�.�"
<br /> � sold which convcys ahsolutc tiUc to thc purch�scr,and aher first paying all fccs,chargrs and costs,shall pay to Lcndcr all -.�.
<br /> moaey�advnnced for repain,tnxes,insurance,liens,a5ses.5ments and priur encumbrances and intetest thennon,and the _
<br /> principal and interest on the Secured Deht, paying th•�su�rplus,if any,to Grantor. L.e�ndcr mav purchase the Property. =:-y
<br />_`_. �r; '" The recitals in any deed of wnveyance shall be prima facie evidence of the facts set forth therein. `_"=�_:
<br /> =:;;�� '�. ' f: '� All remedies are distinct,cumulativc and not exelusive,And the L.ender is entided to all remedies provided at law or "'
<br /> ;;r.: ^�,rr{; �quity,�vhether or not expressly set forth.The acceptance Uy Lender of any sum in paymenl or partial payment on the �x:_
<br /> �,i1��`_ ` , t -
<br /> Secured Debt after the balanoc is due or is acceleratedor aRer[ureclosure procecdings are filed shall not constitute a
<br />�� �• � �� waicer of Lender's right to requirc wmplete cure of any c:xisting default.By not exercising any remcdy on Grantor's -
<br />';s� default,L.ender does not waive Lender's right to;. .r consider the event a default if it continues or happcns again. _
<br />'•;��� 16. CXPENSES;ADVANCES ON COVENAN'Il'S;ATT�RNEYS'FEES;COLLEC110N COS'd'S.Except when
<br /> ' '°+��r prohibited by�law,Grantor agrees tn pay all of Lender's expenses if Grantor breaches any covcn�cet in this Security
<br /> �. Instrumcnt.Grantor will also pay on demand any arnount incurred by Lender for insuring,inspecting,prescrving or
<br /> otherwise pratecting the Property und I..ender's sccurity intcrest.Thesc expenscs will beur interest from thc datc of
<br /> the payment until paid in full at the highest interr.�t rate in effect as provided in thc tcrms of thc Sccured Debt.
<br /> -- Grattiut agtcB�iu Eid'y i�Il CLStS aiii�c�j�i:rSi:S i1CiSTTi.t3 0� I.:.RC�Cf IiS:,OZ�:;C:;�F,.�iSfOl�it2b CT�.`lOTaCll�b�A�nr�rj�[g
<br /> and remedies under this Security lnstrument.This a!nount may include,but is not limited to,attorneys' fees, court
<br /> . • ' costs,And other Iegal expenses.This Security Instrurnent shall remain in effect unti!released. Grantor agrees to pay
<br /> � for any retordation costs of such relcase. _—
<br />��'`"''=���•"' 17. �NVIRONMENTAL LAWS AN�HAZARDOUS SUBSTANCES.As used in this section,(1)Environmcntal Law =
<br />"�'� ` �"�' means,without limit�tion,the C:omprehensivc Environmental Response,Compensation and Liability Act(CERCLA, -_
<br /> '.'�`��;':'�' 42 U.S.C. 9601 et seq.). and all other Federal,state and local laws,regulations, ordinances, court orders.attomey
<br />--. -�'."� � gener�l opinions or interpr�tive Eetters concerning the public health,safety,welfare,environment or a ha�ardous
<br />- • substance; and (2) Hazardous Suhstance means any�oxic,radioactive or harardous material.�vaste, pollutant or
<br /> -';'•~"' wntaminant which has characteristi� which render thc substance dangerous or potentially dangerous to thc public
<br />�,'";'.�.iµ` health,safety, welfare or environment.The term includes,without limitation,any substances de�ned as°hazardous
<br />��'�'�=�• material;' "toxic substances;'"hazardous waste"or"hazardous substance"under any Environmentul Law.
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<br /> =_�_�-- Granior represents.wanants and agrees that:
<br />�' ���''�� A. Except as previously disclosed and acknowledged in writing to L.ender,nc�Haiardnus Substance is or wiU be
<br />_�,��„�,���
<br />._�,,;�a__�� located, stored or released on or in the Property. '�'his restriction does not apply to small quantities of
<br /> Ha�ardous Substances that ure gencrally recognir.ed to be appropriate for tl�e noimal use and maintenance of
<br />`��� the Property. =---
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<br /> ti:,,.�� B. Exccpt as previously disclosed and acknowledgcd in writing to Lender,Grantor and every tenant have bcen,are,
<br />-�=W''�€�,.� and shall remain in full comQliance with any applicable Environmental Law.
<br />-�`—"���:�� C. Grantor shall immediately notify L.ender if a rekase or threatened release of a Hazardous Substaiice occurs on,
<br />-��-�+�� undcr or about the Property or thcre is a violation of any Environmental I��w concerning the Prop�rty.In such
<br />''"�� an event,Grantor shall take all aecessary remedial action in accordance with any Environmental Law.
<br /> �,��'.;`; D. Grantor shall immediately notify �L.c;ndcr in writing as soon as Grantor has rcason to believe there is any
<br /> °°:��=� • pending or thtt:atened invcstigation,claim,or prc�cecding rclating to thc rclease or theeatened release of any
<br /> `"�-'` Hazardous Substunce or the violation of any Fnvironmental Law.
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<br /> ' • 18. CONDEMNA►TION.Grantor��ill give Lcndcr prompt noticc of any pending or threatcned action, by private or _..
<br />_ � public entities to pumhase or takc any or all of thc Property through condemnation,emincnt domain,ur any other
<br /> ` � means.Grantor authorizcs L.ender to intcrvene in Grantor's namc in any of the above dcscribcd actions or claim�. �
<br /> Gr�r�tor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or othcr :;:_
<br /> �! taking of all or any part of the Property.Such procecdsshall be considered payments and�vill bc applied as provided in �_-
<br /> }� this Sccurity Instrumcnt.This assignment of procceds iti subject to thc tcrms of any prior mortgage,dccd of trust,
<br /> �, security a�reemcnt or other lien document. ;i:'�
<br />: • �'� 19. INSURANCE.Grantor shall keep Property insur�J against loss by fire,flood,theft and other har.ards and risks V��`
<br /> reasanably associated with the Property due to its type and location.This�nsurance shall b:maintained in the amounts
<br /> -- .+s�`�� and for the periods that I.endcr requires. The insuranct: c��rricr providing the insutuncc shall be chosen by Grantar :
<br /> "r'� ' subject to Lcndcr's approval,which shall not bc unrcasonably withhc(d.If Grantor fails to maintain thc wvcragc
<br /> ' - r= 1- described above,L�nder may,at Lender's opGon,ot+tam coverage to protcct i,enaers rignts in�nc rropeny according =
<br /> to the tcrms of this Sccuriry Instrumcnt.
<br /> All insurancc policies and renewals shall bc acceptahlc to Lender and shall include n standard"mortgage clause"and.
<br />: wlicrc applicublc,"loss paycc clausc." Grantor shall immcdiAtcly notify l.cndcr of car.,cllation ur tcnnination o(thc
<br /> ' insurancc. Lcndcr shall havc thc right to hold the poliacs and rencaals. 1�I.�:nder rrquires,Gr<jnt��r shall immediatcl�
<br /> ' givc to I.ender all rcccipts of paid premiums and rencwal notices. Upon loss,Grantor sl�all givc immediatc notitt to
<br /> the insurancc carricr and Lendcr.Lcndcr may makc pmof of loss if not madc immcdiateiy hy Grantor.
<br /> { (page 3 0l 4)
<br /> . .. &�184/Bankere Sysicm�.Irc.SI ppid.MN(t-000�397•YSIt)Fmm FE-0T•NE BN9A • •`.�•� _
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