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<br /> � executed for t�e�of�c�ea�i�ig,secucing��r�uar�intying the Secured pebt.A gcxxl fnith belief by I.ender ihut
<br /> L.ender et any n�is mrecuie with cecpec't to�ny(scrson or entity obliguted on thc SecureJ I�ebt or th;tt the prus�xct
<br /> � of any payment�►r the valuc nf thc Praperiy i9 impaired shHll alc;o constitutc nr� event of default.
<br /> 15. REMEDIt.S ON DEFAUI,'1'.In somc instenccs,fcdcrnl and statc Inw wfll rcquirc Lcndcr to pravidc Grar�tar with
<br /> n�tice af the right to cure or other notices and may establlsh time schedulcs for fareclosurc nctians.Subjcct ta these
<br /> lirititations,if an�. Lender tn�y ncc�l�rete the Secured i�ebt nnd foreclose this Security Instrun�ent in a mnnner _
<br /> pravided by law if Gruntor is in dcfault.
<br /> At the option af L.ender,nll or any purt of the agreed fees and charges, accrued intcr�st and principa!shall becomc
<br /> immediately due and payablQ, after giving notice if required by law, upon the occurrrnce of a detault or anytime
<br /> thcrcaftcr.ln additian,Lendr,r shall bc entitled to all the remedics provided by law,the terms of thc Secured Debt,
<br /> Ihis Securily Instrument zind rtny related dacuments,including without limitatian,thc��v�r to sell the Prqperty.
<br /> If'thcrc is a defeult,Trustee shall,in addition to any ather pennitted remedy, at thc reyucst of thc I.endcr,advsrtisc
<br /> and sell the Property as a whole or in separate parcels ut public auction to thc high�st bidder for cash and convcy
<br /> absolute titic frce and clear of all right,tidc and interest of Grantor at such time and place as Trustee designates.
<br /> Trustcc shall give notice of s�l�including thc time,terms and place of sale�nd a description of the prope�ty to be sold
<br /> as required by the applicabla law in effect at the time of thc proposed sule.
<br /> Upon sale of the propeny and to the extcnt not prohibited by law,Trustce sl�all make and dcliver a deed to the Propcily
<br /> sold which conveys absolute tltie ta the purchaser.and atter 6rst paying all fees,charges and costs,shall pay ta I.endcr all
<br /> moneys advanced for repairs,tTxes,insurance,l'a�;ns,assessments and pnor encumbranccs and interest 3hereon,and the
<br /> principal And interest on the Secured Debc,payang the surpl�s,if any,to f►antur.Leuder may purrhass the Pr��erty.
<br />� The recitals in any deed of conyeyance shaU be��ima facie endenco of the�acts set foith therein.
<br /> All remedies are distenct,cumulative And not exclusive,and ths Lender is entitled to all remedies provided at law�r
<br /> equlty,whether or no�t expressty set fortl�.The arceptance by Lender af any surn in payment�r parai�l payment on the
<br /> Secured Debt aftsr ahe bafnnr,e is due ur is accelerated or after foreclosure proceedings are Cled shall not constiWtc a
<br /> waiver of L.ender's right to reyuire complete cure of any oxistins default.By not exercismg any remedy on Grantor's
<br /> default,Lender does not waivc Lcnder's right to later wnsidcr the event a default if it a�ntinucs or happcns agaio.
<br /> 16. EXPENSES;ADVANCF5 ON COVENANTS;ATTORNEYS'FEES;COLI.ECTION COSTS.Excepi when
<br /> prohibited by law,Grantor agrecs to pay all of Lender's cxpenses if Grantor brcaches nny cuvenant in this Security
<br /> Instrumcnt.Grantor will�lso pay on dcmand any amount incurrcd by Lendcr far insuring,inspccting,preserving or
<br /> otherwisc protecting thc Property and l,ender's security intcrest.Thcsc expenscs will bcar interest from the dete of
<br /> r�._ �nY.��� ��n��1 �ai�1 �n fuil at the hi¢hcst intcrest ratc in efFect us prov�ded in thc tcrms ot thc Secured Dcbt.
<br /> Grantor ngrec�to pay all costs und expcnsc;s incurred by I.ender in collecUng.en[orcing or proteccing i.enaer's rignis
<br /> �nd remedie+under this Sr,curity Instrument.This amaunt may inciudc,but !�not limlted to,attameys' taes,court
<br /> coste,and other legal cx�xnsc�.'I'his Security Instrument shall remain in etfect unlil teteased.Grantor ageea to psy
<br /> for any recordetinn costs c�f such rcicuse.
<br /> 1T. ENVIRONMEIVTAL LAWS ANU HAZARDOUS SUBSTANCES.As used In this s4ctiun.(1)Environmental Law.
<br /> means,withoul limitatiun,the Comprchcnsivc Enviranmental Rcsponse.Compensation and Liability Act(CERCL,A,
<br /> 42 U.S.C.9601 et seq.).and all other federal, statc and local laws,regiilatians, ordinances,court orders,attorney
<br /> general opinions or interprctive Ietters concerning the public health,safety,welfare,environment or a hazardous
<br /> substance;and(2)Hazardous Substance means any toxic, radioactivc or ha�ardous material, waste,pollutant or
<br /> contaminant which has characteristics which render the substance dangerous or putentiaUy dangsrous to tho public
<br /> health,safety,welfare or environment.The term includes,without limitation.any substances detinvJ as"hazarclo�
<br /> material;'"toxic substancus;'"hazardous wnste"or"hnzardous substancc"under any Environmental Law.
<br /> Grantor represents,warrant�und agrees that:
<br /> A. Except us previously disclosed and ackmowledgcd in writing to Lender,no Hazardous Substa.nce is or will be �
<br /> lceated,stvred or released on or in the Property. This restriction docs not apply to small quantities of
<br /> Ha�.ardous Substances that are�cnerally rccognized to be appropriate for the normal use and maintenance of
<br /> the Property.
<br /> . B. Except as previously disclased an�acknowledged ic writing to Lender,Grantor and every tenant have been,are,
<br /> and shall remain in[ull compliance witta any applicable Environmental Iaw.
<br /> C. Grantor shall immadiately notify T..cnder if a rcicasc or threatened release of a�-Ia�ardous Substance oocurs on,
<br /> under or ubout thu Property or thare is a violation of any Environmentul Law concerning the Prope:rty.In such
<br /> an event,Grantor shall take all necessary remedial action in accordance with any Envirunmental Law.
<br /> D. Gr�ntur shuli immediately notify Ixmcicr in writing as soon as Grantor has rcason to bclieve tt►ere is any
<br /> pending or threz+tencd invcstigation,claim,or proce:cding rclating to thc relcasc;or threatened release of any
<br /> Hawrdous Substnnce or the violation of any Env�ronmental Law.
<br /> 1li. CONDEMNATION.Grantor will givc Lender prompt notice of any pcnding or threatencd action,by priva{e or
<br /> public cntitics to purchusc or takc any or all of thc Property through condemnation, eminent domain,or any other
<br /> means.Grantor author[zes l.ender to intervene in Grantor's name in any of thC above described ections or claims.
<br /> C;rantor assigns to L.cnder the procceds af any award or claim for dameges connected with a condemnati�n or other
<br /> taking oF all or any pnrt of the Property.Such proceeds shall be corisidered paymont�and wip bc xpplied�s provided in
<br /> this Security Instrumcnt.This assignmcnt of procceds is subject to the terms of any prior mortgage.dced oF trust,
<br /> secutity ngrecment or othcr licn documcnt.
<br /> 19. INSURANCE.Grantor shall keep Propeny insured ag�inst loss by firc,ftood, theft and other haz.ards and risks
<br /> reasonably associated with the Propc:rty due to its typc and location.This fisurance shall bc m:�intained in the amounts
<br /> and for the periods that Lender requires. The insurancc carricr providing the insurance shall bc chosen by Grantar
<br /> __�__�_ _ .._� ...�.:..w..1...�1�..� h..��t1fP4CAf1L�F1IV u,irhhrld if Cirantor fails to m8tlltSlll tI1C CAVCiBJ{C
<br /> au`vjci:i iv i.ccn�c� a aN�ra'v.a., .........�...... ..... ,... _..._.�....__.� ....----..
<br /> desc:ribed above,L,cnder mey,ut Lrnder's option,oUt�in coverage to protect Lender's rights in thc Property according
<br /> to the terms of this S�curity Instrument.
<br /> All insurnnc;e policies and rencwals shall bc ncccptable to Lender xnd shall inelude a standard"mortgage clausc"and,
<br /> wherc appHc.�+b(e,"toss payce clause."Grantor shAll immediatcly notif�r Lcndcr of c�ncellatiun or termin�tion of tl�e
<br /> insurancc.Lendcr shall have the right to hold¢he policies and renewais. if Lcnder rcyuires,Grantor shall immcdiatcly
<br /> give ta Lender ull receipts of paid premiums and renewal noticcs.Upon loss,Grnntor shall givc immediate notice to
<br /> the insuranu:carrier and L.ender.Lcnder may make proof af loss if not made immediately by Granior.
<br /> '� ,. (Pa9a 3 of�)
<br /> O tppl Briwn 6�rMrn�.lnc..61.f�ou0.MN It-B0�397-2341)Fortn FEDT-NE dNW --'
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