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<br /> . }� A.All ti�tuie sfiraaces fm�8eae8ciary to Ttustor os ather Nttue obligations of Tn�r w BeneBci�y imder�y ``' ,
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<br /> . promisso�aote•.conurat.guaraaty►•or ather evidatoe of deM exeaued by Tcusiot in favor of He�oefclary executed .;< . �.�;�:_.c , ..
<br /> u s inatr+ment is refeseuced. JY mo�c tt�n oue
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<br /> ��. �2f'80n 8�$�9 !�8 $CLl1Tjljf �9�tCR1, P.�Cb �NS�Oi 8,�T008 f�I I�8 $CqlTlt�/ j09�l1mBIIt W� 8� 2u �1GII� r.,,'�F ..
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<br /> ;; . advancee mW futate ob1i�ons tbat aze givea w or incu�ed by aay ane or more Ttnsto�,or anyr one or mote Tn�stor :i;;:;;�'�,�; "
<br /> . � arid oth�re.All future adv�es and other Potu�obtigatin�s ffie socared this Se�ty Iasaomeut eves thou�A all � �:.:`�`4'.`, ,._
<br /> - �: or part may not yet 6e ad�a�ced.AU faque advances and other futare ob�ons aze secuced as if mad�on the date i,�.. :;� � ._
<br /> oi tWs Seauity Instn�ment.Nothiag in tDia Saauiry Instrumeni sbaU co a mmmitment to taake addidonal or : `
<br /> . ftiture loans or adv�ia aay amonnt.Anyr sucL oommivaeat mnst be to in a separate writing� '�` ;;�` _ :. E
<br /> _;��''`:�`� C.All obtigations Trnst�ar owcs to Benefcdary.which may later arise.w�extent not prohfbite�by-l a w.iaciudiug. r,�r c,��_`.��`'_ '.
<br /> - ,.Tt"�"�', but not limited w. liab�ities for oveidrafis rel�ing to atry d�osit acca�mt agteement b�areat Trnstor aIId � -
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<br /> ,. - BeaeSciaty. �� . '4'.;,�:. .• �
<br /> _ � " D.All additional sums advanc�andexpenses m�d�y Beaefici�7►for insuring,pres g or otheswjse pmte�m� �, �; �ti .,,_
<br /> r the Pmperty aad iu value aad anyr oti�er sams advanred and expeases incurrod by►Beae�c�ary nndzr the terms of dus �.�: •
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<br /> . . - �� 'lbis Se�auIty Instmmc,nt w71 not seta�a�►other debt if BeneSciary fa�s w give aay�aiied narice of the rig�t of �l'�,``�` ' ;.
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<br />. ' � ''`' S. FAYIVIEY+�TS.Trastor agrees thai all paymeats�nder the S�Bebt m'll be paid whea dus and in acoordanoe arith the �.�.�. .,..,, :�,k ;
<br /> terms of the Secural Debt and this Secunty Instmment. 4i: ��;f ' �°
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<br /> � 6. WA�RAPPrY OF Tl'IR.E.Trnswr waaaatg tbat Tzastor is or m'll be tawfWly seized of the estate canveyed by this �.�,�� _
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<br /> t Securiry Instc�ent aa�I�as the rIght to irrevocabIy grant.comr�y.and seU the Pmperty to Tmstee,ia trust.arith pawer of � �'e `
<br /> eate.lYuswr also wariamts tbat the Property is�cambeied,eacePt for eac�mbraaces of zeco:d. ��"'r���• • �'""'^
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<br /> �j' �` 7. FE8II08 SECgJL�1TY II� Wi�iegaid to aay other mo , deed of uust,sec.a�ity�g�eemectt��ther lien .��
<br /> �,��'��� :: dt�nsem thai�ceated a priar�tp"c�or e�ca�brance oa thert���op�►.T��S= �✓.�_. 5�+,��``�. ..
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<br /> ''��F.y���'f `' /�..TQ��payments a-�dae�ta lserform or compty wIt6 aD oavenams: . ��y� � _
<br /> e��c� x . i�;'�� tteliver to BeneSciary ax��tIce.a tbat Tmator mceives fmm the�cs'.r� . �°
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<br /> � , 4:.3�Ta���aaY modifra�on or��of,nor w reqnest an3+ tunue a�-.�ces ur,�r��aate aa�g�meat r�`_
<br /> `- ; �L�z�e lien dowment arith�II�e6ciazy's prior vvntten conseni.
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<br /> . ; 8. �AGAIIV�T 1T�i.E.Trastor wHl pay all taxes,ass�s,ll�s.�.l�e�ay�ats.�ae�, � � :
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<br /> ` ,4�i s, ;I�., ni�ies.�d aS1tEr c�argea relating to the�Fmpetlq�wehen dae. BCrieflcLuY maY 5���Y�r�def�d� ��' r� + -
<br /> r` �fy�����T� •' � oapies of atl�tsrs tUat such amo�ts at��SCe ana seceiprs evidensing T�'p�ae�t. , r!`�y �
<br /> s� r t h e e t t q �'.�s t c t a i m s t h a t � i m p a i r t h e l i e a of t�.is S e c m i t y ia�c. 'Fr.r��r a g�e s W assI$�w , �,,��� ; ��
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<br /> � �"�:,�"��t'��;%�'• : 9. D�L ON SALE OR E�IICU&�L2f�Q�.t�sEcia�y mag.ai its option,d�th�c�6re balaaee of the Seau+e�Debt to ' ' �''� ,
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<br /> ,,, � ? be imme�iatety dne and pay,able apon t�e�ioa of,ar oont=act for the c�ation of, li�,�qe.transfer or -. , .
<br /> , . sale of the Property.This n t is sabl�t��e r�Faioaa i�OSed by fedeial law(12�.F.R.S91y,asa�IIcable.'ibifl � � . :
<br /> . � , cavea�t stiaall nm arlth the�apaty and s�all remain ia effect t�il the Securad Debt is paid in�full aa�tLia Seauit3► ; `:� ` � �'" ° °
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<br /> �. ' !0.FdtOPEIiTY CONDTITON, AI.TERATIONS AND INSPEC'i4mN.Tn�stor wUl�ths PropeEty in gaod condition '.`. �'
<br /> , aad make all ai�s that aie reasonab�ly uecessazy. Tn�swz sball not commit or n�v aayp�e, rmp�irmeat, uz ����"
<br /> :a: ' deter�oratfon of�e Pro perty.Tmstor will ke�p the Pmperty free of noxioua weeds ana grasses.Traswr a�ti�at 8se , ,� �:_
<br /> �;:' � natare oY the oa�pancy a n d use w�l not s n b s ta n d a l ly c h a age a I t ho�B�e t t�a�y's p r t o r w ri t t e�o a n 3 e n�T c u s t o r w i l l n o t �i,'.. .. �;w.
<br /> . `�, . emdt ang�ange inaay lioense,reso�iccive ooveaant or easement aithauc B e�e f icIary's prior wrItt�oansen�7Yasior wili .:~'��,�-.
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<br /> ;r�.... n o t i f y B s n e f�c i az y o f a ll d e m a n d s.Pro�e e d i n g s.c l a i m s. a n d a a i o n s a g a i n s t T z u s t o r,a n d o Y a�► l a s s o r d n m a g e m t a e �
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<br />� . ' ; ,: Beuc cr Beneficlary'sageuts�may,at BeneR ary's opdon,enter the Prapetty at any masonabio tim�far the ose , �'°�` '`�` :.
<br /> . of ias�g the Property. B�e�ciary sball give 'IYnswr aodce at the tI�ae af or before an��on ��� ►ia8 a , -
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<br /> � `�`. reasonab2e�pu�osa for tae in�ion. Aap Inspect�oa of the Pcogerty shall be endreiy for tiazy's and ;.... W, _,
<br /> �. Trastor will in no way rely on BeaEficiazq°s frspeetton. '�� ° _..` _ _—-
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<br /> � li.AiPi'HORITY TO PEItFOItM.If Tru�cs fails w erfoim or of the wven�ts cont��d in tbin SeAU3ty . :�`�'"-#.,_�-�.°
<br /> ::. ,I� � � inctmment� 8eaefic�y may, withomt aut'sce, Perform os cause them w be rParmed.eT:astar a�po3nts�EeneSclary as ��- .� .:
<br />��� • ,�� . ` amomey ue ft�t to sign Tsostor's name aa paY aaY amount nec�ssan!for�irm�ce.BeaefisIary s�ight to�tar�fmr ":_`���-�
<br /> <,� � Trustor shal.t aas create aa obligaitaa to rm,and Beaeflclary'g f�are to perform ariU nat prectu�e Benefrda�r froffi - -=—_-=-
<br /> _ �! ��.:..� exenlst�aug nY BeneBciary's othet�-ander the lawBr��'�ry In�su�ent.If��pmtect��fary� -
<br /> is dlsconu�ff vr not catrted on in a ce�anable manaer,
<br /> � � secutIty ia�in the Praperty,�aclndb�g comple@on of the coasa¢ction. . � . - .
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<br />'� , ,�:. 12.ASSIGnT�IIE1�P�'OF LEASbS AND�. 9Yastor�aevocabIy grants,onnveys aad sells to Tgnstee.in trmst far the .
<br /> � benefit of HeaeBstiary.as additional saaar�►aU the r1��titte and m�cest in aad w aay aad aU exist�ng or timue leases.
<br /> �.;,;. � sab2eases,aud�au*,�other written or vetbai s�ts?or the use and aoaipancy af any rtton a��4e Ptopeity.including .. � .
<br /> z='-�� extensions reaewals,modifcaSons 4t rtbstiduioas of s�a�nts(all t+ef�o as'I�')and rents.i�¢es �
<br /> �;;�. " . any '
<br /> �., � : � aa� fits(a�referreQ to as 'Rents'). Tn�stor will pmmptty�ravrde BeneBcIanr witD tme a�3 con+ectooptes� of all .
<br /> � ' � '�g aad futare Lease9.Tn�stor may coll�t.�eoeive.enluY ase the Rents so Iong as Teustor ia not ffi defmiit under .
<br /> ,�s. . � r8e teims oY tHfs Security insuument. •� . .
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<br />"`� '� Tnutor ackaowtedges that this assi�t is perfected npon the recording of this Deed of Tmst aad that Beneftclazy is • . .
<br /> �
<br />�,�. ; entit2ed to aotify�y of T:astor's tenants w make paymeat of Rents due or to become due to BeneBc�ary. Howevec. • • •�
<br /> :. ' geuefciary a�ey tbat anty on default cvill HeneBc�ary notify Tnistor anA Tn�tor's tenants and make demnad that all : . ,
<br /> ; . � fttiute Rents be Qa!d diroct�iy w Beneaelary;On receiving notise of default,Tiustor will endorse and dellver to Beaefi� ...
<br /> ;�.�,� � � � �3+payment of Rents in Ts�star's possesvon aad w�1 receive a�r ltenrs in tnut fos BeneBciary aad will not ra�mmia e ; .. ,,+� ' . . .
<br /> _�.� i the Rents withaay other fiands. My amouata collected wiU beappl�ed as pmvlded 9n this SEaulry Instnament. Tncs�ar ';.;.� .
<br /> "��� � wan�ts that no defaaIt exists nuder the Leases or aay applicable Isadlordltenant laar.Tmstoz also agrees to m��ntain und . .
<br /> �i;; ' require auy tea�nt to com,ply arItL the terms of the Leases aad aypltcable law. '
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<br /> " ' { 13.LEASEH09.DSi CONDflNdIIVI11NTS: PLAIVNED IJNIT DEVE�.OPiVILN7'S. Tn�stor agtses, toco�ly,wlth tbc ,.
<br /> ' �� provis3ons of azry leass if this Security Iasmmment is on a IeaseholA. If the Property uicludes a�it m a caadommiam or a . ,
<br /> ti� :� ? planned unit develapment,Tn�stor anU yedorm all of Tnutor's duties uader We oo��enants,by-laas.or regalatinss of che .
<br /> 1;; oondominium os pla�med uait developmeni. . -
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<br /> ` �� � . _. �/9fl6 Bantee!Syt[Rna,h+c..St.C[aa4 MN It-800�39)43411 fonn li[-OtJ18 9/1796 • � '
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