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<br /> F� or ohwlrtc,Provided �h�i �uch pcnonal pmperty is rcplxcai with other pc:rsonnl pr�peny at Ir.ast cqual In� vati•�zr to thc �'
<br /> s� rcpl�cxp prnaruil prop y. free [rom �r►y tftic mentbn devlce, srcurity �groe�nent or othcr encumiaRrax;a. Such �
<br /> ,, repl�crnrei►t of per�onal prtropertY wlll be deemed�ubJect to thc�udty interest crcated by thin[�.rd of Trust.Tn�.stor chail �,..:
<br /> ' ' not putitlon �r tubdlvlde the PrqxrtY without Beneficluy' �Qrior writtcn consent. Brneft��iary or Beneflciary'a�gcnu [:;;
<br /> ;�� may. �t Beaeficluy'�option, enter the PmPenY�t �ny ►w�orubic tf�rx far tho purpcise of incpocNng►ho Pra�extp. AnY �'._.
<br /> � � inrpcxtlon of the PropertY �h�ll be rntirely far Benc[icluy'�bentflt md Tnrttar wfll �n n� way re1y on �kr�tictxry'i °
<br /> � i�u�c:ctt�n. �.,
<br /> J^-�� 13.AITrH01tITY TO PERF01tM� It Tnutor fdls ta perfarm u►y af Tru�tar't dutira undor thle Doed of Trwt,oa s��yflwi� �;.
<br /> ¢�,,,�: mort��e.deed of tnut,�ocudty �greement or ott�er lirn document th�t h�a prfnrlty ovcr thte Ueed of Trust, �;.
<br /> .�� rn�y.without notice,perform the dudd or c�use them tobe�e If�nun�ict�ioin�nn tha PrUp�eny ia�discoy�cinfuod or
<br /> - aign Trustor e nune or p�y any unoum n�eas+ry for prrf Y
<br /> ' �t����i Thia�m�ay ibncl comp� !�th��constY�xtlunhu�va is neassuy to prnt�ct Beneflciary's security Interest _
<br /> • in the PropertY• `
<br /> • � gearticyary's dght to perfurm for TrusWr ah�lJ not cre.ata aA oblig�tion to perfonn, and&.�neflciary's failuro tn perfonn _.
<br /> will not preclude Beneficiuy from ea�rcisu►g anY of Beaficiuy's other rights undtr Aw I�►w or this Deed of'i`rust• Any
<br /> upounte �id by Henefctuy for iasuriag. Pnscrviag or ottKrwisc protocUng �t until� �Q dyin fullBatnthe inECrest r�t�ia
<br /> .,.:': interest wW be due oa dExnwd�nd will bar i�t Ct+nm t2n clato of tho P�U'�
<br /> - • effax from time w tinae�000cdin�W tho ta�ps of t�e Bvld�a of Dehi,
<br /> � 14.ASSIG1�11�Q:NT OF LEASLrS AND RBI�'['S.Truswr irtcvacsbly gr�ats. eanveye nnd aella�s s�dditlonal aecurity�tl the
<br /> . ..t,. dght,tide�nd intaeu ia aod ta aay�nd�il; ts for ttee use and
<br /> A. E�isting or future leaxs.aubleaac�.lloeasea.gu�emtia+md+�ny otY�a"'dttun or v�r6�l�tgrocmen
<br /> occup�►cy of:ay portion of thc Pmpercy. includin8 u►Y�x��i��� �`w�lu� mod�fic�tions or suMstttution.s of
<br /> . ��..�R' such a�reerants(�11 referrad to u"I.eases")•
<br /> B. Rwts.lssuea and profite(�11 cefarad to�s "Renu'). including but aot limitnd to eecudty deposits,mrlaimum r�t, `
<br />`-�t:'',f.r p�roeabge teat. addltiotnl remt, commoa uea mainteaaooe catwrSa� Prrktpg charge�. rcal est�te qu[d� othet
<br /> ,.:.;�.• applic�ble wca. insur�noe Pramlum eoauibutions� liquidx�d d�a�es followtng dett�Wt� caacxlluiac pradunu,
<br /> `� "loss of reats"iasur�noe.nwemxa.my�lties�PIaeeds,bon�es�and tll righte wd clYims which Trustor m�y tuve
<br />=.��"�;,� tlut in iny way pertiins to or ia oa sccoimt of theuse or occupiocy of ther wholc or u�y put of the Pra�petty.
<br />'�/M;^
<br /> "'� '�'� Tnutor wW promptlY Pmvide Ba�efiduY with uue aod cortect oopks of al oaisting md future L.easta. 7Yuttor mry -
<br /> --�j:;•��..:-� -
<br /> - ccL'xs.«�..,.,�j�y�md use the Rests so IonB�'lYuuor is aot in def�ult.Trustor will not coUect in adv��c+o any enu
<br /> .-��:_z;;ir.:�
<br /> T-w.��s�il1
<br /> _�r,��,r. due in future lase peciods.wileas Truswr firat obt�[as BtneecsuY`s written con�ui. upuu uci+aiit. ,. °=
<br />,:;�,, .� nny Rwts iu tn�at for Beaeficiuy�nd T[wWr will not oan�minslo the Reats wxth wy other funds.Any uaow►ts coUecied
<br /> u
<br />-:'''';�4.��.�. shall be�ppiiad at Beaeficiuy's diacxetion to pzyrnmts on tho Securod Debt�s the:ein provided,to oosts of
<br /> - - pc+opccty�includin8, but not limited to� a!1 wus. nsaa�eau. insurmoe Pmmivatt� repiirs. and ooa��ssioas W reaul
<br /> --�-_'--=��-_ ' ageats,aod to�ny other noassuY nl�tad expease.s iacluding Beacflciuy's utomays'fca�Par�1�8�1 fees u�d oourt oosts.
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<br /> e ts
<br /> -:Y';�'- Tnutor ackiwwiedges that tlils assignmcnt is perf�ctod upon the recording of th[e Doed of Tcust and that Ba�eficluy i�
<br /> -- entitled to notify �ny of Tivator's temnts to maYe p�yr�c�af raru due or ta b000me due to Ben�flciuy. Howc��cr,
<br /> -- gweficiury agroea th�e ontY oa defwit will HraeflciuY notifY 'IYustor and'1`ruunr's taiant�aad mUEC deamnd tbat�1t
<br />--�__�= futun Rents be p�id dira�tlY to Braeflc,�uy. On cecdvina the aoda of dafault. TYustor will �adorae+ epd deliva w
<br /> _-- -��- gcaefici�ty aqy prymcnts of Reat in Tnutor's possaaioa.
<br /> ' Tcuator covea�nts that no defwlt exittt urder the u+�ae+or any �pplicable landlnid lmv.Tcustor also oovenmts and�
<br /> ?'� I to m�inhia. �nd to t+equite tha teamts to oomply witL�tho Leaaa aad anY iPPlic�ble l�w.Tn�ator will prom�tlY notifY
<br /> - - Benefici�ty of any nonoomplimce.If 1Ywtor neglaxs ot refiue�ro eafoice compli�moe with the tern►s of tbo l,ea�es. then
<br /> � �,nefeiuy miy� at &neficiuy's optton, enforoe oompli�ox. 7tustor wiU obt�in Ba�eRclary's writtea authodration
<br /> befoee Tcuswr conseats to sublet,modify�canxl.or dhc:wiae�Iter tl�o L.eues�ta aoapt the surrender of the Propxtty
<br /> oovaod by eu�h I.eaxs(unlaa tbe Lages so require)�or to asatga,wmpmmise or exvmber the I�eases or any fulacc
<br /> - - _� Reats. Tlustor will bold Heoefici�ry of the a�si �� ���for any and�tl liability. loss or d�e tbat
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<br /> Beaeficiuy may idau u a ooacequeaa
<br /> 15.CONDQ11�IIdI�11418► PLANNED iTNiT DEVELOPMG�NI'3- If tl» Pmperty includa s uait ia a oonidominium a a
<br /> plaaneci udit devdopmeat.Ttustor wlll perform all of'[tustor's duties ntxla t�e coveamte.by-laws,or rcgulations of the
<br /> -'°"'�'� condominium or pltnned nnit de.welopmeat.
<br />---- 16.DEFAiJI.T.Trustor w�ll be in defwit if any of the followinE occur:
<br /> - _ -� A. Any puty oblig�ted on the Secnrod Debt fmila to aiako payment whca�tue:
<br /> -�=�='•�� B. A brach of any teim or oovea�t in this Deod of 'hust,aiy pdor mortgago or aay oonamictioa loan agroemut.
<br /> - _- securityr agroemeat or any otLa docvment cvidmciag, gu�antying.mecurin8 or otherwix relating to the Sxured
<br /> =�_���__= Debt;
<br /> ;�;�;:��i?�`•s C. 11ie m�3Cing or fumishing of pny verbal or wridtn represrntutlon, stetement or warranty co Beueficiuy tb�t is f�lse
<br /> - -_ �••• or inoorrecc in any materl�l respect by 7Yustor or any peraon or emity obligatod oa the Secured Debt;
<br /> �'�`��`"��� p, The death, diasolution. �ppoin'.mmt of a noeiver for, or�plicadon of my debtor relief laMr to. 'C'custa or my
<br />�..,�;:��;.•,_�
<br /> _;:-::_;�_;,. pec�son or artity obligued on tbe Secutod Debt:
<br /> "�.�`�';,'�:..•, E. A good fdttt belkf by Beaxfiduy at my tirae th�t Beaefid�yr is fasecure with respoct to any �rson or eatity
<br /> ,,� •,.,.,., . .
<br /> - ��1` oblig�ted on the SecuKd Debt or tt�t the pmspat of mY WY�t is imp�iral or the Propecty is impai �
<br />- - -- F. A m�teciil adverse�age ia'Ilwtor's busioesa including owrx:ship,mu��8aneat.wd financi�l conditioas� which
<br /> �' Beneficiuy in its opinion belitYes imp�irs tA�v�ltre of th�Ptopa'cy or t+ep�yment of the Secured Debt;or
<br /> - - n ._.�_�------ .,..,..,�f.,,..����n�,�u mntiibuto to excessive erosion of hiIIhly erodibk land or to thc
<br /> ---�.-- — V. Ati�tws Eravw....:�.��-�---_r—r--- '--
<br /> - ,�.��'�. conversion of wetl�nds to product an agricultw+l �odlty,az funher explainod in 7 C.F.R.Purt 1940,Subpart
<br />= 0, Bxhibit M.
<br /> 17.REMEDIFS ON DEFA[JLT. In some inst�oces,faktal eod stnt�l�w wiU rcqu�re Beneticiary to ptovide Trustor with
<br /> � notioe of t�e right to cure. mediuion nodcea o:other notices �u�d may esublish tiwe sChaiules for foreclosun actions.
<br /> - Subjxt to thesc limitatioas, tf�ny. Beaeficiuy msy�ccelerat�tha Secured Debt u�d foreclose this Deed of Tcust in a
<br />-- �r provided by law if this'I'n�stor is in defiult.
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<br /> �' . 0 tY97 6W�M�Snt�mti Inc.St Cbri.MN I1-�04�97-37�11 fpm AOI'COOT.NE Bi13/96
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