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<br /> in payment or partial payment on the Secured Debt after the balance is due or is al§celerated or a���3�ure
<br /> proceedings are filed shall not constitute a waiver of Lender's right to require complete cure of any existing default. By not
<br /> exercising any remedy on Mortgagor's default, Lender does not waive Lender's right to later consider the event a default if
<br /> it continues or happens again.
<br /> 14.EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when
<br /> prohibited by law, Mortgagor agrees to pay all of Lender's expenses if Mortgagor breaches any covenant in this Security
<br /> Instrument. Mortgagor will also pay on demand any amount incurred by Lender for insuring, inspecting, preserving or
<br /> otherwise protecting the Property and Lender's security interest. These expenses will bear interest from the date of the
<br /> payment uptil paid in full at the highest interest rate in effect as provided in the terms of the Secured Debt. Mortgagor
<br /> agrees to pay all costs and expenses incurred by Lender in collecting, enforcing or protecting Lender's rights and remedies
<br /> under thia Security Instrument. This amount may include, but is not limited to, attorneys' fees, court costs, and other legal
<br /> eapenses. This Security Instrument shall remain in effeat until released.
<br /> 15.ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental I.aw
<br /> means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42
<br /> U.S.C. 9601 et seq.), and all other federal, atate and local laws, regulations, ordinances, court orders, attorney general
<br /> opiniona or interpretive letters concerning the public health, safety, welfare, environment or a hazardous subatance; and(2)
<br /> Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has
<br /> characteristics wluch render the substance dangerous or potentially dangeroua to the public health, safety, welfare or
<br /> environment. The term includes, without limitation, any substances defined as "6azardous material," "toxic substances,"
<br /> "hazardous waste," "hazardous substance," or "regulated substance" under any Environmental Law.
<br /> Mortgagor represents, warrants and agrees that:
<br /> A.Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance is or will be located,
<br /> stored or released on or in the Property. Thia restriction does not apply to amall quantities of Hazardoua Subetaacea
<br /> that are generally recognized to be appropriate for the normal use and maintenance of the Property.
<br /> B.Except as previously disclosed and acknowledged in writing to Lender, Mortgagor and every tenant have been, are,
<br /> and shall remain in full compliaace with any applicable Environmental Law.
<br /> C.Mortgagor shall immediately aotify Lender if a release or threatened release of a Hazardous Substance occurs on,
<br /> under or about the Property or there is a violation of any Environmental Law concerning the Property. In such an
<br /> event, MoRgagor shall take all necessary remedial action in accordance with any Environmental Law.
<br /> D.Mortgagor shall immediately notify Lender in writing as soon as Mortgagor has reason to believe there is any
<br /> pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any
<br /> Hazardous Substance or the violation of any Environmental Law.
<br /> 16.CONDENINATION. Mortgagor will give Lender prompt notice of any pending or threatened action, by private or public
<br /> entities to purchase or take any or all of the Property through conaemnation, eminent domain, or any other means.
<br /> Mortgagor authorizes Lender to intervene in Mortgagor's name in any of the above described actions or claims. Mortgagor
<br /> assigns to Lender the procceds of any award or claim for damages connected with a condemnation or other taking of all or
<br /> any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br /> Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, se�urity agreement or
<br /> other lien document.
<br /> 17.INSURANCE. Mortgagor shall keep Property insured against loss by fire, flood, theft and other hazards and risks
<br /> reasonably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and
<br /> for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to
<br /> Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to maintain the coverage deacribed above,
<br /> Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this
<br /> Security Instrument.
<br /> (page 4 of 61
<br /> A1984 B�nkxs Sy�tem�,Inc„St.Cloud,MN (1-800-387-2341) Form RE•MTO-IL 11/20/86
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