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<br /> �;:�= � , � q� ic�si�90
<br />'��"x�� . ar obsoltte, provided that such persunal proprrty Is rc�laced with other personnl �aro�iitny'kt`T��t equ�l in valun to tha
<br /> :Mt;°,,�,,�,y rcp��cd personnl property, frce fmm my title retrntion device, xruriry aqrcr�m.�ne ar othct encumhr�nr.o. Suah �
<br /> repl�cement of perwn�l Prop�nY W l��b�d��aubject to the accurity Inttrest cratcd by thie Deed af Trust.'l'�vst�r ehnll.
<br />.�,���=,� not putlNan or subdlvlde tht PropenY wiehou� &neflciuy'� pdor weltum coa�ent. Brneficluv o� Beneficinry�9 A�CtIfA
<br />°:`r�,�c.f5'1(a �y� �t g�{7ctiu�y'�optian. enter tho Propeccy u+Ny reaaonaDlt ti� for the purpose of inspectin� the Pro(n�rty. An;r
<br /> .,�,t.> inspection of the FropertY shall be rn[irely for BeneflciYry'� benefit u�d Tnutos wlll in no way rcly on Bc�tKrflalury'e
<br />_�•�.--•� itespection. s
<br /> � 13.ATTIHORITY'1`U PLRFORM�If Tnutor fuls to perform u►y of Truator'e dutka uud�:r this Dred nf Trui+t,or otey aher
<br /> =-�-� mortgage, dad of troat, aecuritY�Sreemetn or other Ikn documrnt thu hu pdority aver thia[lerd of Truat, Brneficlary
<br /> mxy,without notia,perfoTm the dudes or cause thest�ta be perfornxd,Trustor�tacs tleneflciuy as utomey in fw;t to
<br /> °.�,�-.� sign Trustor'e nune or pwy�y�unt neassuy for per(om�ance• 1f u►y cor�atnrtia�on the Pratxrty ie dlscontinued or
<br />'�_"�"�'� not catried on 1n a re�son�b�e m�nn��� ��cluy m�y do whatever i�necessuy ta protect Beneficfary'e eecurity interest
<br /> "'�-'_� in the I'roperty.This may ineiude completing the consttuction.
<br />�-.�"'-� Beaefnciary'�right to perform for Tnr:,snc sh�ll not cnate�n obtigatlo� ro perform,�nd Ba�efkiauy's fdluro to perforaa
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<br />-��;�� ;�;u;,n„�;,�.c,,.�P a�F�xrv fmm r�:�:tr,i.ginR�nv of Beneficiary's oAhtr dghU uockr the l�w or this Deod of Ttust. Any
<br /> -A3�e� amounte paid by Bene�CErr�' �x .��PB� P�rvin� or othetwiae pnotaxing cbe PropertY �nd isaxficiuy'n sa:u���y
<br />-u'�� enterest will be due v+t demaarrT aad wilt bru[n��:m.�t:fmm tt� date of the paymcnt until pxid in full at tl�e interest rate in
<br /> �N4 - effxt from time to time ao�aaxr�inE tn ti�r�nns of ti�Lvideax of Debt.
<br /> �� 14.ASSIGNMEIVT OF LEAS�A*1fla R�.HTS,7'n�stor irrevocably grmts,conveys xnd sella as additlanal security all the
<br /> ----- right.title and inu�est in au�to any ancY all:
<br /> - --_� A. Eaisting or futurc C�.ese.+,auhle�ses,licenses„gaaranties aad any ot�er wrilu:a or verbal agrccm�ttg fi�c the use ux1
<br /> --- — occup�ncy of any�ortion of the PropcKy, iachrdin6 anY exteasions, renewals. maii�icatione ar. S��b��'1.tudons of
<br /> such�greemettts(a11 referced ro�"Lases").
<br /> B. Rrnts,issues and pmfits(all nferral to�"Reats"?.�ing but not limited to�ecuiit,y depoislis,mi»imum.c+:mt.
<br /> P�+ceau�$e rent, additional rent� common acea, r,m�iU.r.¢»av:r�c chuges� Parking chacgcs, e+eal esiar�e tmxcs� odfr.r.
<br /> . -- — epplics+hle taxes,•insvrunce Precnium contriMrtio�cs.lEcgu��tnezr�dumigea following deFauft. camoeUal9rm permia)ma..
<br /> f����e "lobs of rents" 6�w;a'��acx,revenuea�roy�lties,Pnu�cxni's.fionwes. u�d tll aights and cl�icns which Ttv�sar r.a�y bu�iR•
<br /> _— that in any w�y�rF:�d�aine co or is on account o�'tE�e:�x or occupancy of the whole or�ny psrt of the Pto�xrty.
<br /> -� Tmstor will prompdy pmvide Beneficlary w[th mu and correct coples of�ll existing and future Le�ses. Tcustor nyy
<br /> — coLlect,recsive,enjoy and use the Rents so long as Trustor is not in default.Tn�stor will not collxt in dvu�ce my Rc�ls
<br /> ctue ia futuce la�se p�riuds. uniess ina„�or �ust wn�� ��ciu-�r's urritizst caa�st. II�n s�€�ul!. Tn�ter wilt rece�.�r�
<br /> any Ra►ts in tcust far Be�rrf citry And Tiustor wili uYa^.«aamiingle the Etmta with sny other funds.Any�mounta colkx.ixd
<br /> sh�ll be applial u Bene��:GSiry's disccetion to payarc�r�ca t6e Securod Debt�s therein provided.to costs rrf maio�6�8�
<br /> but noe limitod to, ell taxes. �s�neat�, insuru►ce pranium9. rePalrs, and coa�sroc�r to reat�l
<br /> P[OpOIty. including, _..�._.,:.,.a...�a,.t,...+..ernnu�vs'fiw.n�rnl�oal fees and W�utt CotLt.
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<br /> -_�� Tcuator ar.k�wwlatges that this assignu�ent is perfoacd upon the�cording of this Dad of Tnist aud thait Beneficiuy as
<br />::� �ptitled w mufy eny o�'�ustor's tenu�ts to aodce paymmt of rct►ts due or t�, l�a:ome due to Beaefieiaqr. �Iowever.
<br /> Baieficlary agras tha4 a'��lY on defi�ult will Beneficiary nonfy Tnutor end'lYu:ti�or's tennnts and mak�d�tmd that.all
<br /> ��"`�"� future Rents be pud diroctly to Beneficiary. Oa roceiving the notice of default, Ttustor wlll enclorse Tm:l deliva W
<br /> Brneficiary auY�Ym�nts of Reat ia Tcustor's possession.
<br /> 'fnistor coveaants that no defwlt exists under the I.eases or ury applicable landlord law.Tnutor also wvewmts�nd agcoee
<br /> to maintain. and to c�equire the temnts ro comply wa�h. the Leues�nd my applicable law.Tcustor wilt�romptlY notifY
<br /> &neficiary of any noncomPliu�ce.If Truator aeglocts or reftises to rnfurce complience with the tern�s oE u�re:Lease�,tha�
<br /> Beneficiary may, ac Beneficiary'a option. eafotce compNu�a. Tnutor will obtain Benaficixry's wrtt¢,:�i �iuihorezation
<br /> before Trustor consents to sublet, modlfy� cancel. or othecwise alter the Lrusss, to accept the wrnender oP ahe Pmperty
<br /> covered t��such L,eases (unless the I.eases so require). or to assi�n, compmmise or enctunber the Leases or any�irtare:e
<br /> ltents. �stvr will hold 13eaefio�uY humlrss a°d inda�ufj'Bu�eficiuy for any and nll li�biliry, loss or douuge Unne
<br />-��� g�fi�yuy�y incur�s a consequence of the assigmia�eat under this section.
<br /> - 15.CONDOIV@iIUMS: PI.ANNED LJN1T DEV'EY.�DPASENrS. If the Property includes a unit in a oonitt+rninium or a
<br /> "' planned uait devclopmeat,Trustor w�Dl�erfom��1 of Truaror's duties undec tLe coveaants�by-laws, or rtgulttions of the
<br /> --, condominium or plwned unit devela,�:ment.
<br /> —° fl6.DEFAULT.Trustor will be tn default if any of the following oocur:
<br /> __ - p, Any party obligated on the Secured Debt faila to mal�e payment whrn due;
<br /> B. A breach of any term or �venaut in this Deod of Trust. aay prior mortgage or any construcrion loaa�greement,
<br /> ._;�,;,;-;,�s;'� security agroement or any�t'h�er docup�ent evidencla�.guarantying.securing oQ�l"�srwise relating ta the 5avrod
<br /> .."-;-.,�1 �J►:P�x:
<br />- --'-"'`��' C. The making or fumisbing aa�suny verbal or written rcpresentation,st�aetet u•a au�u.n,�rty to Beneficiary that is faLse
<br /> ::��.....
<br /> -=� or incorrxt ia auy Rteatecn�I res�ect by Tn►sII�r crr any person or enti;cy cJ�,�n�sr.a��aa�iht Secured Debt;
<br />'^'�'� D. Thc dcaW. d'xss�rC�uc�un, aFlwj�stmcat of a �cco�i�ver for,or applicatiws c�f�.y .Clu.'huroa relief law to, Trustor or any
<br /> �"�`•"�`...'r..;l,;� person or entity o6ligue�d crn t:U�e Secured aebr
<br /> �f:�=
<br /> -'=�.'�i�4�:�?� � E. A good faith belief by �e��:nci�.y at any time that Beneficlary is insecure witl�,r:�spect to any persou or eneity
<br /> _: 5••�5•�•�r:l'�
<br />_:;Y;:�,+r��•�� - obligated on the Securod�:ix ecr.t:�tat thc�trospect of any payment is impaired ar rl�e l�:operty is impairod:
<br />•��^�ti • F. A material adverso c6an8e ia'T'rustor's Puciness including ownership,manageraart,aad finencia conditions,wriich
<br />:.;;�r_;, �, ge�g�i�ry irc�its opinion beiieves imp�rr�tIu value of thc Property or repayment of the Secured 1�ebt;or
<br />�`:p:.''��� �. Mv loan pra'.cc�ds are used for a pu[posc that will conMbute to cxcessive erosion of highly erc�dlble land or to thz
<br /> ...��--'-:-�e :..^s I`C D D..a f�Al1 C��hn�ri
<br />-=�"�',� cam�erslon of wetlands to protiuoe an agncuiiura9 w,,-��c,ciiiy� ui iutwc� cnNs�awv.... ............. ... . —r--
<br /> ':_==rter� 'H (3,l3xhibit M.
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<br />' '•:+� • 17.RE�DffS ON DEFAULT. In sarnc instances, federel and statc law will rcquire Beneficiary to provide'Ihusror wiW
<br /> •..�`-:`-'-�+ notice of the right to cure, mediation noaces or other notias u�d may establish time schedules for foreclosure actione.
<br /> '�-�"'� f ''� Subject tu these limitations, if any. Beneficiary m�y acaLerete the Secured Debt and foralose this Dact of Tnut in a
<br /> ,t,��• '�';'�sr rt�armer provided by law if this Tiustor is in def�ult.
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<br /> 0199�Eanli«�6r���ns.Int.St CIaW MN 11's00�397•]3�11 Fam A0.00•OT�NE �0lJ0/97
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