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<br /> ar ob�olete. provided that �uc1� Perron�l prolxrt!� i� rcpl�arl wlth ather perwn�l propen�at (�'ilfeyu�l�n v ue o t e
<br /> ��� p��I��ropKty, froe from any titlo r�ctontion dCVke, sec�rity �greenxnt or ah�r encumhrance. S1�ch —
<br /> taplacetnent of nai PropertY will be deexr�ncl anbject to the�ecurity Intemt emted by this Deod ai'Tn�xt.'Cnutar�hsll
<br /> rct putidon or wbdivide the PropertY wi�rt Iieneficiuy's prior writ�en conknt. Beneficiuy ur f3cneficiuy's �rnu
<br /> cmY. �t Be�eflciuy's option, enta 1he Fzoperty�t any re�onable tlme f.�r the pu�ae of in�pec�ting the PnipertY. Any
<br /> itupecxioa of�o Pi�oQsrcY �h�11 be rndrely far Baneficluy'a berrctit u�d Trustor wlll m rx� way rcly on Bcnefietuy'e
<br /> in�pectioa.
<br /> 13.AITPHORI9Y 7'01�"�RF'ORM,If Tnutar fxlla to Exrform any of Trusior's duties wxlec thic Ac�ci of Trust,or any a1�er �. ..
<br /> mnrtgage, dood of lruu, securily��n:etneet or o�her lien da:umrnt tlu�I�as prlodty over this Deal of Trust, Beneficiary
<br /> may,without noNce. Qerfonn thc dude�r�r cause thetn to be perfa►med.Ttustor ap�tntF I3eoeficiary as atturney in fnct to
<br /> sign Trustor'�name or psy�ny su�xtunt nxeisuy for pe�formanu. If uty conswction on ihe Propetty is discontinuM ur
<br /> �t��� in�r�wnayie muuser. Benefict�ry mey do wl►stevar i�ne�cessary to protect Iieneficiury's security iaterat
<br /> in ths PropertY. 7his rn�y include complaing the constructlon. .. .
<br /> l�er.r���tary's riQht to perfocm for Tn►stor:hdl not crcate eic�obliga�tkn to perform, And Deneficiary's failure to perform
<br /> wif.f.nr,�p�+xlude Beneficiuy ftom eaaci=ing u►y af Hcracfr.cia�r.y'A other rights w►der rh,e law�ag�D°°d.°�'s security
<br /> �xx.ir�ur�s �paid by I3eneficiuy for insuring. Preservi�g ar a�hr:xwis+e pr.�octing tbr k���.
<br /> encerest w�ll be cfuc�n dem�nd ux1 wiil hcar Rraherest f.►.,�z t�►��fau �t�P�`X�"°�:r�nci.r p�i�!�n f.r1J.l.�r.the interest nte ln
<br /> effocA from Aune tcr�ci�me according to the terra�ns of th�e�rid��o��•
<br /> Y M.a .oet�. ��4t�r.i��{ trLUritv�ll lbe
<br /> 14.A�Ir.Nl1'�NT OF LEASES AND REM`.+.'llc►zstor n[revrxauij �iw�.�:,n•��� ,�.... ,..,........_--•-- -
<br /> ri�.ht.titie�od inierest in su�ac ac:;{tau!�:l:
<br /> A. Bxisting or future laats,subfeaxs>l'eoeases.Buu�n����ta►sioas.wnrenew�la. crodiC�c�l�orsaubatltutioos of
<br /> o�xupancy of my�portion of the Props�ty. ►ocludia8 Y
<br /> a�ch�greanents(�Il referred to as"Lexses"�• �t�Iimited to sxurity#:�i�s,minim�m ra�t.
<br /> H. Resa. iseues�od protia(all refarod 10 as"Reuts"a. includin� �� �a� rexU escace uuce�, other
<br /> pereentsge reat, additiooal rent, oommon ua� m�si�ntaun�x c1�t�•
<br /> �pplicabk wca. iawr�nce prcmiwn contribaz3au� IliquW�ted danuBea followu�d�fault. caocell�wa��aeums�
<br /> "laa of te�ts'insur�nce�reva�oa�roy�lties�Pr0000cls�b°°wa� aod all righta and cl�im w6ich Tcu�ta�7 have
<br /> t,'�at ia su�Y WaY P��to or is on�ccount af the use or acup�c�►of the whole or�ny part of the Propaty.
<br /> Tn�stor will pcaaP�Y Pmvide Beae6ciuy witb uue aad coaxal AoPiG"�of all exiuing md future L�easet. Trustor mry •
<br /> collect�receive,eqjoy�ud ux tbe Reata to long as Tnutot�u��iat in delf�evalt.Tcu�tnr will not colloa in rdv�noe any Reau
<br /> ud
<br /> due in futuce Iwe P��� ualesa Trwwr first obt�ins d�;c�r:(taciuy'a r�xattea con�t. Upoa default.Tru�tor will roodve
<br /> any Rena in tnut for Bea�ficiuy�od�i7uswr wili w�i�viu.��a►w� �'�:;�:rit�-.�;o��r fi�n�la.Any amaWS oollt+cted
<br /> - � shall be appiiod u Aa�eficia►y's d'tectrtiot�t�r�n,�a�ltxnts a►the Secuted 1Ca2M aa the:ein prov�docl.����i�raw
<br /> • prope�ty, includiag�beu not limited to� a[i�.�,ti�c�y, �ss�asma�ta�tnaunna Pcemiums, re{xi
<br /> • s�geau.and to wy othec nxessuy nlated e�scnses ilrc�'u�►B&x�ef-icl�ry's attomeys'fces�par+�.oBa��'ecs and caut oosu.
<br /> Tr���tnr acknowlodga tbu this asslgnment is pe�fected{����ax R;�e recording of this Ueed of Ttuat ud tLu Beaeficiary is
<br /> tntided to aotify any of Truator'a teaanAS ;a mdce paytnNn.l.of rents ¢ue or to become due W Eienet'kiuy. Hrnveva,
<br /> Beaetici�tY sgm��th�t aoly oa default wslb 1�et�eficiary notdy Truaotr��nd Ttuator's tmants uv] mtice dammd t�uR dl�'
<br /> �� R�s be paid directly to Heaeficisury�. On ra.eiving the notict.of default, Truator will eadorse �od ddivec to�;:
<br /> B�pe1'x►uY�7 WY�u of Reat in Tnutor'�pcuaession. . ';.
<br /> .,•.:
<br /> '�'rn�sror wvaunts tbK no def�ult exiata under tLe L,e�ses oc my�pplicable la�eKll ltr.ab e�law�'I'iwwr will procapdy m�d� ' �
<br /> ���, �na co��cm,�c�to�y��n.��,�a �y �'
<br /> ;,�� �, " gmeficiary af my nouoomPliu�oc.If Tnutor.neakcxs a retuea to eafora oomPli�ooe with tbe tcras of tbe Lea�x. tbm ��
<br /> , 8axficiary miY, at Baieftciary's optiou, enfora compliana. TtuKor will c�tain Aeaefceiuy'a writtan �rdwrizatioa
<br /> befote'ilrudtnr oocueacs to sublet,modiFy, o�xxl�or othetwiu alter rhe Leata. or�tbe�[.ea�a°a ioy t��wre .
<br /> ,'' � �C��etod bY such L.e���s(ualea� the I�aaea so require),;+��x tQ�i8���
<br /> . �,�NR-enta. 'II'nutor wiU hold Bateticiuy ham�las aad ixl�lecnnify Beaxficiary for�ny md dl li�bility. IosR or dama�dut
<br /> ' �:noficiary rruy incur st+�con�equence of ttK iasignn�:��r�•�x thia�ection. . ;��' ',
<br /> ���•• . .,��.�;�CONDOMII�IIUlNS� PLAI�� �1T DEVELOPl11�F+iTS.If�e �'��erty ipcludca a unit 'isi.l,orxdomonium oF�::;.• .
<br /> ' � qf t6e "�;,:� ,..
<br /> , , ,�;��'���: �Innrai uni�t devd�pm�t�Ttustur will perf'orm all of Tnuctor s du�iea un�te*tLe voven�nts.by-IYw�.'or re�ul�tioo� ,
<br /> '+condaniafutn or plmnod unit c1evelopinwt. - •
<br /> � � 16.DEFAULT.Tn�sior will be ia c'lefault if any of the f�lloty.ing�oxur:
<br /> A. Any p�rty abligued on the Secur�.Ikbt falls to ms�ce p�yr►xat when due:
<br /> B. A br�ach of u►y tecm or cov�nt mr.�,h`�s Dad of Trua, any prior moctgage or any construction lou�a$ro�eat.
<br /> securiry agracria►t ox any othet dociune�t evi@encing,guaru�tyiag. sauring or otherwix nlsuing to the Scxvrod
<br /> Debt;
<br /> � �. 'Itie ankiug or furnishing of�ny vertwl or writt�n irapr�tMian,statanent or wuranty to Ba�eficiary ttut is fd�e
<br /> or incor�t ia any m�terial resPecx by'��uator or wy pason or�atity obligated on the Secu�rod Debt;
<br /> � D. 'I7�e de,�'itti,dissolutian. appointmrnr.R*.f:a receivec far,or �nllin:�ion of any dobtor relie��,�t.nw to, Tcustot or my
<br /> petgon t�r<c�tity obl'�,,g�r+�on tbe Sa:darz�te;D Debt; •��. n or enti
<br /> � �F. A good fiit6 t,di�f ftryr t8enefici�ary z�•�ny iiarc thot Bmoficiax�,�s iwcc►ue with rapa.�t'!tn�;�ny pecso �Y
<br /> obligatod on the SGC+ati�ccl iikbt or th�t the praspact�f aoy papnent is im{1ai�mr.�de Propatty;�C�mpairod: .
<br /> P. A material�dveroc�h�cige in Truskx's buainess including ownera6�p,m�x►,�qWmu;it.'u�d 6naM�C.�1 fiotdab+.��which
<br /> Brneficiacy in ite opinloe believex i�cnQairs the vaue of tha Pro�perty mr�ep�q`�:,1 of the Sa�r�,n�i , t`�f;s�.
<br /> — G. Any loan procoeds are►ued f°r a p"u�"�s�t!►at will contribwe R�ea�esswe eros�on of highly•a:r�e�ib e FactYbr to tLe
<br /> -- conv e r si o n o f w e t l a a d a co prod000e ar��gricultunl commodiry, Ys Eapther eaplsinal in 7 C,�:'R:. �n 1940,Subput
<br /> — G�Euhibii M.
<br />_°� 17.R£l1�DIF:S ON DEFAULT. In samc instuxes, federal and statt iikw wiji t��ire Brneficiary to pmvi�c Tixtdtor with
<br /> notia of the right to cure. medi�t�on.rontSces or other noti�a+a�rr.aay cr+taE�lish time schtdula for forcckrsute actiow•
<br /> "� Subject ro thae limitations, if�ul}r, �.r�ciuy �nay�ccclrnt� rbe y+xic��xt iYebt and foreclose this Deed of Tnist in x
<br /> _�� rn�nner provided by law it this'Tnut4c�s tn default.
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<br /> — A t N]�«�6rn�ens.Ne.f�.CWud.MN 11•WO•��74»II taen AG,CO DT•NE 10.10797
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