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<br /> ��r �"�
<br /> ex�{'utsd tc�r thc purpus+:uf creating,securing ur�unrsnty�ing ihe 5ecured f)ebt.A gaxl xitlf heliei hy l,en�:ier thAt
<br /> I.eixior�t Any�timc�s insecure wiih res�eci to any perw�n c�r entity ohli�ateJ oA�th� Sccur�d D�ht c�r that the pr�n�x:+:t
<br /> uf anv paymcnt or the value ot thc Prc�perty is imp�ired shall elsu conslilute un e:vent af dttault.
<br /> 1S. REMI�EDI�S ON D�:1�AUI.'C.in some instances,fedcral Hnd state law will require t.ender 1��proeide Cirant��r with
<br /> nc�aicx o!the right to cura oT other notices and muy exlAhlish time.scheduks fc�r(orecl�ure:+cti�ns. 5ubject to these
<br /> limit�tians, i(�ny,i.endr.r may a�ccicratc�hc Sccurcd [)cbt and Corcclusc t�iis Sccu�ity� lnstrumcnt in� manncr
<br /> provided by I�w if Grantar is in J�fau11.
<br /> At the o{►tiQn of Lender,all or any part of the agreed fecs and chargcs, accrued interest nnd principal shall became.
<br /> immtdfatcly duc and payahlc,attcr giving noticc if rcyuind by Inw,urxm thc occurrcncc of a dciault or anylimE:
<br /> th�reatter. in aciclition,i.encier shal`I itc eniiticd to a{l tiia ivmeeiies ptovidcd t:y Ic::�,thc tc:�ms of thr Ser_.i�rcd►�b�, _
<br /> lhis Securiry Instrurr�nt and any related dacuments,including withnut limitatiem,the{x�w�cr to sell the Pro�x;rty.
<br /> If Ihere is a defgutt,'Cn►atce shxll,in addition to any atl�er�rmit�ed remedy,at the rcquest of thc Lendcr,nd��ertise
<br /> �nci seN the Prc�erty ns n whole or in separate pareels at public auc�iun to the highest hiddcr for e:�sh�nd ec�m�e>�
<br /> absalute titic Crce and cicar of nll righr.tiUe:�nd interest of Grr�ntor at such time and place as 7'rustec designates.
<br /> Trustee shall give natice of sa�i�x4iuJin�rlie��me,ternis 1nd place cif:s�IG and a description of the property to t�e�o1J
<br /> as required by the npplicyJlTe•law iaz�:f�ect:a.i:iJ'rc:�t�u►c o[the prc�d'sale.
<br /> Upon sale of the prope:n,a�iTd.�.�J�JYe exce�.�.c no�:pna�tiT�i.cecl.l7y la.w,Tri�stee rshall.tnakc�and'cic[iver a deed to the Prcyperty
<br /> sold which conveys absolute tii:le i:v tPrc�+�.rci�.aser,a��!aJ:cer. .�i.r.st(.r.�.Yi�t�,aU:fec�s,sbarg�:s;ynct ants,shnll pay to Le:nder ell
<br /> ttx�neys advaneed tor repai�,li+X�a,�U�ur.'nr.-iu;.uGRw.�o.'�""�.�+"�'���+•�'��'.•^•�'=-n_�.mhrann_g a�il intrrrct 1hPrPOn;enc!thC
<br /> �xincipal and interest on the Sccureu fk:Fre,�y���tP�c sr�:•.::;,if any,to Grantor.Lender may Furcha�e the P'mperty
<br /> 'ET.r.e�r�citals in any dced of com•eyance shal[be prima facie evidence of the(acta set forth therein.
<br /> ALI�remedies Are distinct,cwnufative and not excluseYe,ain�d the l.enckr is entitled to aq remedies prwvz�ec!ae la.�«c+r
<br /> ��uii�r,wti,c:r,heK or not expressly set forth.The acceptai�by Lcndcr ot any sum in paymcnt or�u�tiaD�}inen.l cm.�:hc
<br /> Seeurec�Ch:bt z�fter tl�e balance is due or is acoelerated or atter Forec�sure proceedings arc�iied sAaCC nc>t eonstitute a
<br /> waiver ot'l.encilei s right to require eom�rf.•a�cure of any existing dei.'ault.I3y not exercising any m�edy on Grantur�
<br /> default,l.e�nder does not waive Lender's r,aa'hi to later consider the event a default iE it continues ur happens again.
<br /> 16. EXP�NSES; ADVANCES�ON CUV�.l�ANTS; ATTORNEYS' FEES;C04!„�CTION CO5TS.Except when
<br /> prohibited by law,Granto�ir as,�c�;a..ti�o p:+,?,',:�Il of[.�nder's expenses if Grantor hrrz�rhes any covenant in this Securiry
<br /> Instrument.Grantor will atv�,pay oq c�na�nd any amount incurred b���?nder for dnsuring,inspecting,preserving or
<br /> otherwise prot2�^ting the Property and ycrtd�r's security interest.'Ilbe�se,��am�ns�s will bear interest frAm the date of
<br /> 1he payment vi��til paid in full at the hi�3�est interest rate in effect;al.,�+ri�"vided in the terms of the Secured Debt.
<br /> CtirR�tor agre�to pay all cos/s and expenses incurred by i.ender in�WUC:ciiu�,:���i�»,��i�g.�r�ratw..�iing L;z��;;righl�
<br /> ;���sP.rr�r�edits under this Security Instn�ment.'Iliis amaunt maX inclu�e,:bui:•i�,m�c��l+mited to,auorneys'fe�e��.aourt
<br /> c�;R,:•c;:�}►►d alh�r legal expenses.This Security Instrume�at shall x�emain in;c��;�e���ii�nt�il.*.eleased.Cirantor ag�+��s'�,ati`iP��'
<br /> fai�ihy na�+td.��ion costs of such release�, � .'''• ''�::•:� . �� ' '. '
<br /> 17. ENViRbNtM{�L:''f�SAL I,AWS AND i�M.;�t�IiDUUS SUB5Ta.1�iG�fi;�.r'ls n�vr,�d ia`4h�scction,�;13�'nvironmental�w'
<br /> roeans,with�`rt�limitation,tyhC,Com e2?ic'iuivt Hnvironmental�tcspb��s�r:'Ctinn�Cns�i?�n and Liatillity Ad(CERCLA, •
<br /> 42 U.S.C. 9601 et seq.),a�hi'•! �9i,oe�oi•!'�deral,state and local laws,regulali�i�s., as�inances,court orders, attomey
<br /> general upinions or inter,�iiat�ive,yetters conceming the public tiealth, safety, x•r�l�tite,environment or a hazardous
<br /> su6stance; and(2) IiaTard'���s Substance means any toxic,radioactive or ha�acdous material,wsste,pollutant or
<br /> ' conUwinant which has characteristics which render the sutntance dmgerous a�entWly dangerous ta the public
<br /> �ealth,safcty, wclfare or environment.'The term includes,without Gmitation,any subs�ances de6ned as°hexenl°us
<br /> priaterial;•"toxic substanas;'•`hazardous wxste"or°hazardous substana"under any�nvironmentef Law.
<br /> ,��C;.rri�tor re}xesonts,warrant�and agrees thar. •
<br /> ,,.;�-1. Excxpt as previously disclosed and acknowledged in writing to Lenckr,no Hezardous Substance is r�i�a:;Jl be
<br /> ' located,stored or released on or in the Property.This restriction does not apply tn smell qwidd�'�ti�of
<br /> , , Ha�srdous Substances that are��i,i:s�r�lly reoog,nizeci to be appropri�te for tho normal u4s�and maidtenanoc of •
<br /> . the Yroperty. •• ,i ; �;,•: '
<br /> B. Exapt as previous��!`�ffv�;4:�}ased ai�7,pt�nowledged'in writing to Lenck:t,G�ral:�'t�ar.•and evcry ttnant hr+�e�iren,ue,
<br /> and shall remain iri!I•rill cumFlianaz with any applicable Environmental'I;:4a��:.. . • .�.�
<br /> C. Grantor shall immediately notity ticnder if a release or thrcatened re1r��ti1:s.Hazardous Substant�'(y►�rs an,
<br /> under or abQUt the F'roperty or ti�ere is a violation of any Environment�t�.'•aGv oonaming ihe Propecly.In such
<br /> an event,Grantor shall take all neccssary re�e�dial action in aocordance wit�,any Environmental Iaw.
<br /> D. Grantor shall immediately notity LcndcK ir��H;1;�itu�g as soon a.s Grantc�'�ias reason to beliere APi�i��t�is any
<br /> • pending or threatened investigation,clairn,�i:��;�?isczeding rel�ting lo tl�;�rcitease or thrsatened re11;�9t9:s�any
<br /> " Harardous Substance or the violation of an�'Grvironmental I.aw. �;;i..�
<br /> 18. CONDEMNATIOIV.Grantor will give I.ender prompt notice of any pending or threatened action,by�:_p#rvate or
<br /> public entiti�s to pucchase or take any or afl of thc Pro{xrly thmugh condemnati.on,eminent danain,or any otber
<br /> means.Grantor author'rr.Gs Lendor to i�tervene in Grantor's name in any att di,t,$bovo described actio�rs,�x claims.
<br /> Grantor aacigns to Lens�i�r r•.l�e Qroceeds of any award or claim for damagcs cuizun�4c'ctl wilh u cundem��ari.�}ec:%a`�ot6cr
<br /> taking of all nr any part�C'ri1)�c•47roperty.Such proceeds shall be considcred p3�nicrnr,:,and will be applkd as y��aL��zded in
<br /> � this Security Instrument.ili'is assignm�ent of proceeds is subject to thc terms ol.°any pri�x rr.�+.t3a}�e.c�ee;�of trust.
<br /> . security agreement or other lien doceu.r.r�,rit. �
<br /> • 19 1NSURANCE.Grant�x'shall kee�r Pr.o�cty iascued against ios�by fire,ftoocf.theft xnd'�:ftac 1ha�a�cE�s aad risYs
<br /> 'r tasonably associated�iehi ihc Pt�rett}�du►:Ca i1�s I;���e and loeation.Th�.s insia�uac�s�wll be►stai�tt�wled�►n:ktve amow►ts
<br /> ��:id for the{xriods rha.c R.�..�i�der reyuit�er►."G'ftc i�7su.ra:a�carricr providinE f9ox i�a+�uana shall be ct�cxcn bk Grantor
<br /> SUEfItCt LO IL�CC�S�L)l7fC)1'7�,which shail not lsrr urirc�sonably withhcld.l�'Grranror fails to maint�in clie coverage
<br /> _�_
<br /> describe�l�sv�,f�d'cr may.at l.ender s option,obtatrt eoveCtlgC[�pro[ec[i.ender s rignis in in���u}s�ij a..,.n..�..g
<br /> to the tem�s at dtis:iecurity�Tnxtrwncnt.
<br /> AI�insurance polic�ics and;�x:newsls shall be scoeptable to Lender and shall include a standard"mortgage clAUSe"and.
<br /> where applicabk,"kns payec dau�se."Gra�tor shall immediatcly notify i.cndcr o[canccllation�x ternunation of the
<br /> insurance.l�nder shall have thc right ta hold ti�e policies and r+enew�ls.lt Le:nder rcquires,Grantor shall immed'u+tely
<br /> give to Lend�r al{receipts of paid premiums and rencwal noEices. Upon lass,Gcantor shall give immediate notk^c to
<br /> �hc insurancc carricr and Lcnd�r.i.endcr rttay makc prooF of loss if not madc immcdiatcly by Grantor.
<br /> , .� ,�.,�;j•�i
<br /> (�41pa 3 d I)
<br /> Q 1M1/r�Mws lyMw"�.�+e.S�.CbuO.MN 1»ODJlJ•?�111 ion�RE-0TdE MA�
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