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<br /> � ��� ��� 14. D�;FAUI,T.Tnist will be In def�ult If uny piuty obl�gRted an thG Securecl Deht fails to r3�bke piyment when duo. Trustor �`-
<br /> � will be in def�ult i �bre�oe�utti uMlet It�d Ccrrru nf thip Security In.stru�m:nt ar any other daument�xecutecl for tho �_
<br /> ,� purnoae of caating��qut�'ng or 6uar�ntyit�tho 9ecu�d Lkbt. A good faith F�eliui by Aenefi�:iuy �het Br.nefici�ry�t a�►y G:
<br /> time le insocure with n�iped l'u�nY pa�on a'aulry�obliBetai on tha 5ecured DeM nr that the prospect of uny peyment or
<br /> �.��,� .. tho vdue of the[Mapetty is impdrod shill;,leo cnnstlwtc an event of default. �.-
<br /> 15. REMEDIES Ot�i' nEFAiJLT. In some instances, fetleral and stAte law wlll require Beneftciury to provide Ttustar with ��.
<br />, H�� noticx af tha ri�ht to curo or other notic�a and may eat�blieh time schedulea for fora;losurc Actione. Subject to theae n
<br />_,,,. ,.-.:.. 8mitatiom, if aay, Beneficiery mny eccelerate the Secured Deht and forecloae this Security Inatrument in a minner '�
<br />',� provided b y law If Trustor Is in default.
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<br /> � � As the o ption of Beneficiary all or any �art of the agteed fe�s�nd charges, accrued Intenst and princlpal shall bocome E':
<br /> � immodiately dua And pay A b�e..After s►vmg natia i f requ ir e d by law, upon t h e o c c u r r rn c e o f a d c f a u l t o r a ny t i m e �'=
<br /> � � thercafter. In addltion,Benefic�ary sh�1! bc entitlod to all the remodles pmvidod by law, th� tcrms of the Secured D ebt, _
<br /> this Security Instrument and any related dceumente,including wlthout limitntlon,�he pow°r to seU thc Property. �
<br />�;'�.��� ,. � If thcre is a default. 'I'NSta shall, in addldon to any othcr permlttcci remedy. at Qie request of the Ba►cficiary, advcrtise -
<br /> • � w,d;�t;;t,�^rc�.crty w a s:ku:e or in�i ar°»:..4 p».*cel��f gebllc e+±ct�e!!to thp highnt hidder for cash end convey abwlute _
<br />''�''� �'�� ddc free and cleu of ali nght, tide and interest of Trustor at such dmc and place as Tru�tee dcsignntes.Tcustee shall give
<br /> � ' natice of sale including the time,cernis and place of sale and a description of the pmparty to be sold as requtred by the
<br />'i:>��=�;.:: appUcable law in effect et thc time of thc proposcd e�le.
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<br /> , .:�.'�,,� Upon sale of the propaty ead to the extent not prohibiicd by law, Tiustee shell makc ond deliver a doed to the Property _
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<br /> sold whlch conveys Absoluta nde to the purchaser, and aRer first paying all fas, cl�uugea a�d ��sts, s6:�l p�y t�
<br /> . ,3;' Beaeficiuy all mon�ya advwnced for repairs, taxes, inauru�ce, lieru, assesscna►te and pdor encumbrances �uw interes�
<br /> � •'*• thereon, end iha principal and intenst on che Socured Debt, paying the suiplus. if any, to Trustor. Beneficiary may -
<br />-•�. � purchase the Property.'Ihe recitals in any deed of conveyance shall be prima facie evidence af the facts set forth thenin.
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<br /> All remedies are distina, cumulative aad not exclusive, aud the Beaeficlary is entitled to e l l r e m o dics Qrov i ded at law or
<br />'-;,',�:;n{� equity.whether or not eh3Pressly set forth.'Ibe acceptance by Beneficit�ry of any stun in payment or parqel payment on the
<br /> Sexural Debt aRer the balnnce is dne or is accelerated or after foreclosure proceedings u� filod sh�ll not conatltute�
<br />,:��";4,;� walver of Beaeficiuy's rigdt to rcquitr complete cun of any existin�default. Ay not exercising any remedy on Tnutor's
<br /> .,'�;;;.,�. � dofs�ult,Beaeficisry das not waive Beneficiary s rlght to later consider the event a defAUlt if it contiaues or happea��gain.
<br /> .�.r,��,���� 16. EXP'ENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEFS; COLLECTION COSTS. Eacepc when
<br /> -. ..�.,, ; rohibiud b�la��w, Ttustor agras to pay all of Beaeficiary's expenses If'IYustor bnacha any covenant in tbia Saurity
<br /> ,'�,"!�•',�.t'1F.t4 '-_ �[LY�iW7�7u. 11iiSi81 ��I{ '�"00 FIw� v4 .�'�wnd an,�smQ�nt�Lr►!Y!h� �n.r.f,.ciary for Insur[n�,insQeccing.preseninpt or _
<br /> � othe�wise protxting the Property snd Heneficiary e security interest.'�'hese expenses will bar mtereat from tfie date of the
<br /> '-�i="��,. ';� pxyment until paid ia fuli �t the highrst interest rate ln effxt as pr�ovidod ia the tecma of tDe 5eairod D�bt.Tiustor agraa
<br />���y�'`*1��` '' to pa y. all costs And expenses incwred by Beneficfay in colleciing, enforcieg ac protec�xng Beneficiary's rights and
<br /> '"�{�_� '` remsdies under this Socusi�Y Instruma►t. This amount may iaclude,but ie not li�ntod to, att�arneys' fas, court coete, and
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<br />,,:iu`4i,5.�1 olher le�al expenses.'[�is Security lnsttument sitaii re[nain in eiicc� w�iu rricasexi. T�uniu� ug�aa w pay �ar o;,�
<br /> u ._�.,,�3:. • recordaUon costs of such release.
<br /> -""=��i="'� 17. ENV�ONME'N'1'AL LAWS AND H�►ZARDOUS SUBSTANGES. As used in this scction, �1) EnvironmenW I.aw
<br /> .;"'x� means. without limiution,the Compreheasive Environnxntal Response, Compensation and Liabi ity Act(CERCLA., 42
<br /> �=s�-''`�� : U.S.C. 9601 et seq.),and all other faierel, state and local laws, regulations,ordinances,court otdere, attorney genenl
<br /> �,s��snp-
<br /> . ,�.'. opiniaiu or interpmive letters concerning the public hcalth,eafety.welfare,environnxnt or a hex,�rdous aubstarke; (
<br /> --=�„� , Harudous Substancx cneAns eny toxic, redioactive or hazaidous matadal, wtste. po llutent or contazninuu wblch hm
<br /> ��;� characteriatics which render the substance dangerous or potendally dsngcroua to the public hcalth, safay,welf�re or
<br /> °""- environmeat. The term i�ncludes, without limitation, any substu►ces defined as "hazerdous material," "toxic substaacxs,"
<br /> :i�-��.n�s,c�',; "ha7ardous wasto"or'hazudous substencx"undec any Bnvironmental Law.
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<br /> °y__�,�� 1Yustor repreaents,wur.�nts aad agrees that:
<br /> `°=isne��� A.Except as praviously disclosed�nd ackaowlodged in wriHng to Beneficiery, no Hazardous Subatanoe is or will be
<br /> '�-`T=a'" located, stoted or released on or in the Property. This reatriction does not apply to sm�ll quantitiea of Hu�rdow
<br /> "'��--`"_�� Substances that� garerally rceop�iud to be ap roprlate for the aom�al use aad maintennnoe of the Properey.
<br /> ��z�'`� g,gXr,epc as previously disclosed and acknowledg�in writing tv Beneficiary,Tnutor aad every ten�nt have ban, an,
<br />-.r;�,��,,�. and shall nmain ia full wmpli�nce with any ap�licable Environmental Law.
<br /> - - -_- C.Tcustor sh�ll im►nediuely notify Beneficiary i a nlease or threatened release of a Hazardaus Substance occucs op,
<br /> �' under or rbout the Pcope�t or there is a vtolatlon of any Enviroamental Law concemiag the Propecty,In roch ui
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<br /> _•��-,p--:�:;� evenc�Trustor ahdl take al neassary remodial action dn acoordance with any Bnvironmeaul Law.
<br /> --- ===���3=� D.Tcustor shall inm�edlately notify Beneficitry in wdting as xoon as Tiustor Uas reason w believe there is on�y peaciing
<br /> =�s:" or threatened invesdgauon, claim, or proceedfng rdating ta the release or thtratar�ecl release of any Haurdoue
<br /> •;`�'�!:;��,i� : Substance or the violatlon of any Bnvimnnxatel La��.
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<br /> "�� " r�%�� 18. CONDEMNATIUN.Trustor will give Beneficiary prompt nodce of any pendin�or threatened acction,by privue or ublic
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<br /> ,...,. -,' '� entities to purcbate or take any or all of the Property through condemnation,eminent dom�in.or any other meins, stor
<br />.;;k' ; ::.:; �. � authorizes Beneficiary to lntervene in'I"ruator's name in any of the above dtscribod actioas or clnims. Truaror a�tgna to
<br /> � Beneficiary tht proceals of any award or clalm for dAnnages connected with a condannation or other taking of all or my
<br /> " part of the Property, Stich proceeds shall be cansiderod paymente and will be epplied xs providod 1n this Socurit3+
<br /> � Instcument.This-asa�ganrbent of proceeds is subjxt to the term9 of any prior mortgsge,dad of tnist,aecunty agrca►xnt or
<br /> ' � other liea docutr�ent.
<br /> 19. INSU�tANCE.'Il�ustor shell kap Property insured against loss by Rre.flood,the8 and other hazards and risks ressonably
<br />-:;; ' associated with the Propeny due to its type and location. This insurnnce shall be maintaintcl in the amounte and for tht
<br /> ' „�;.,;:} periods tbat Beneficiazy re�uins. The insurance carrier pmviding tho insurance sh�ll be �hosen by Trustor subject to
<br /> .'.;,� �'•t�� Benefeciery's approval, which shall not be unreasonably withheld. If Trustor faile to maintain the coverage deseribec�.
<br />��-.•��_- _ _ � above,Benefici�ry may, at BeneSciary's option,obtain coverage to protect Beneficiary's dgbts in the Property accurdin�
<br /> � � _-' � ro the terms of this Saurity lnstrument.
<br /> All insuraacepo licia and renewals shall be acceptable to Beneficiary and shall include a standazd"mortgage cla�" and.
<br /> where applicable, "loss payee clause." Trustor sbell inuvediately notif�Bencficiary of canr.ellatinn or temunation of the
<br /> insurance. Beneficiacy shall have the right to hold the policies and renewals. If BeneHciary requires, Trustor shall
<br /> immedla4ely �ive to Beneficiary all receipts of paid premmms and renewal notices. Upon loss, Tn�stor shall give
<br /> ; immecliate notice to the insurance carrier and Beneficiary.Beneficiary may make proof of loss if not made immediately by
<br /> 'I'rustor.
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<br /> 0>189�OW��reSV����.lnc..Si.Ciad.MN It•B00•397•234t1 FamRE•OT•NE 10/27i97
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