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<br /> 14� DEFAULT.7'custnq will be,_in dt�t�allt IF�u�Y�Y����$A��on tha Secured Ikbt fails w ma�cc p�ymrnt whcn duc.Trastor �:�
<br />� wiU Fx fn default if�61E�b1�cw�cu�Rt�' ��of this Secutiry Instrument ar u�y other document execulect for thc __
<br /> ' purpose of creating, xccltting or gu�tantying the SYCUred DeUt. A good faith l►�lief by�cneficiary thet Het�ficiary xt anY �;_<:
<br /> ' time ia ins�xure with n:p�ct to�ny person o�M►tity.oblig�ced on the Securcd 13tbt or th�t the pm�pect of any prymn►��r ��`r;
<br /> ' 't, the value of the Pmperty ls imEuural sh�ll also constuute ui event of def�ult. _
<br /> R���=
<br /> �s, �(yi�pC�$ON DEFAiJI.T. In some insttnces, federal arxl slute law will rcquirc &neftci�� co providz Trustor with � -.
<br /> ":� noticc of the right to curc or other ttiotices and may est�blish time schedules for foreclosure �uons. Suh,�ect to thsse
<br /> limitsitions, if any, Benefici�ry rru�y Ac�eler�tc the Se�:umi Det►t end fo�eciose this Sc�:ariry Instn►rnrnt m a m�nner �-_
<br /> providtd by la�v if'Ttustor is in dei�ult. _-
<br />�' � At the option af Beneficiary, all Ar any Qart of the agreed fecs and chwga, accn�ed intercst anc! princi al sha11 bn.�me
<br /> • immediuely Aua and pAyabic, aRer giv�ng noticc�f rcq„�ies provided by l�u hacierma of��aul�u�Yt��
<br /> TacM
<br />- ' [hcreafta. ln yddltion, Iicneficlary shall be entitled _ .
<br /> � this Saurity Insuumc�n and any related documrnts,including wid�out limitation,the powcr to sell the P'roperty.
<br /> t,
<br /> lf them Is n defAUlt,Trustec shal.t.i.n addition to any osher permitt�d rcmcd.X. at.rherequat of thc Beneficiary. advert se
<br /> � and sell tl�e Propecty u a whole vr.in�arate parcels at public auction to ttte Ltigllr.si:hi!�rJ�er far cash and convey absolute
<br /> titte f.cce�and cleur of all riP,ht, tir.Ie an�f Rczr,erest of T[ustar at s�u;b.ttnrne u.ac�p�ace a�s"1'ru:,��aa��a u requ rod tr�the
<br /> notecx of, sale including the time. cercns au�d pi�oe of sde an�d i d�scQip�ion Qf ehe t�x°P�'.]'
<br /> ' appDi:c�bOe l�w in effxt u the tirne of thc pcoposed sa�e.
<br /> ' Upo�rniir.of the propeny und to tn,e extent uoc piohibic�d by t�x,Trustee s3�all maf;c and deliver a deeA ta the Pr�Y _ _
<br /> _ 1:',-'�•� sokl whic.h conveys �bsolute title to the purchsser, and after first paying all feee, chuges s�nd costs, shall Qa�� �o
<br /> �. Beneficiary ull rnoneys advu�cod for repair�� taxes, insunic►ce. liens. assessments and pdor en�umbruia� uxl interu+u+�e
<br /> t�r�n, xnci the principa! a�zd in¢rrest on the Secured L7ebt� paYing the SunPlus, if a�ay, to Ttustor. Seneficiuy_m�X
<br /> �:,�:";;'"b. p��the property.The recitals in eny doed of rnnveyuxx shal�be Prim�fxie ev�denoe of U�e f�cts set fonh there►n.
<br /> y��,
<br /> • ,,,';.y ��� mnodies are Jistinct, cumulativ�e and not en�iL�asive, and the&nefici.ary es cntitled to all remedl�s provided u[aw or �,�;_,
<br /> ' equity,v�+hetha or not expressly aet forth.'Il�c avu:;��l�nce by Befxficiuy of,s,t.rl�sum ia p�yrrxnt or p�ni�l payment on the i�`..
<br /> �ur�d �ebt after the b�lance is due or ia �lerated or afl�a'foceclosu� �uux,�eetlin�s e�r filed ahall not con�ptute a
<br /> waiva of Beneficiary's right to requic+e complete cure of an.�r riorking defeult. Hy not e��r.•i�sing any remeclY on'i'�usta's
<br />�;.•:,`L. default, Bcaeficiary does not waive Beneficiery's right to iate�r c�n.a:tder the event a defait�c i�i�c contiaues or happens�gain.
<br />- . �'
<br /> J�6. EXPENSFS; Adti►ANCES ON COVENANT�, �ATPOIC��JEYS' FEFSi COLLECfIGN COSfS. Except �'vha�
<br />_-- '':��—- ;��;��:��•• l�,y�Tr�sr�r agrces tn pav� all�of wten�'ticiary's expa►ses if Truator breachea any cuvenu►t in this Secunty —
<br />_ �.��.;,� � ''--'-- n ina or
<br />'°+ .r�•,:}�� �,. �nstiumeat.�I'iustar will also pay on demand an�y �lmaunt incumd oy Fcnci�ciacy .�� ..Narir�, :�^�.siae, r��--•,
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<br />;u�m;k'�;"`����;; othe�wise protectin$the Propercy and&neficiary'�,security,��;��rnt. Thcse expenses witr lEear iatercst from e date��t�e
<br /> '-4`f� t until �id in full at the higk�est tntecest ra in eff4C7�s:pmvidai in the tem�s o4'itr��:.�Soeuced Debt.Tmstor�,�,y.�e.x
<br />�:t��_,i�•. paym�a P
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<br /> _.,i•.��; to p�, all costs and expenses incu�rod by Kene ci in cn:l�(�cting, enforcing or pr�;,���ting Beaeficiary's rights �x�:d
<br />-^'"'""' " �ies under this Secudty Instrumcnt."Ihis•�u�cunt rnay inrttxk, but is not limitod te�,nttom�ya'fee�, court wsts,snd
<br /> ��' � other le�al eapens�s. 71►is Security [natrume,r� shall rc[nain in effect ma,iti�] naleasod. Trustor ogrees to pay for any
<br />__Y��li_��-� � _
<br /> �-G::_�-w�. rocotdet�on costs of such release. _.
<br />�`�''• ' �?_ E1W���1NMi�N1'AL LAWS AND HAZARbUYJS BIIBST?�'�iCFS. As used in thics. sccaon, (1) Environtnental 1,aw -
<br /> yn\.iL .
<br /> _�,..� moans, �ti�lihout limitation, the Comprehensive�nve.r�anmei�ts� �FtMSponsc.Campensation a�??�1.iAhiiitv Act (CBRCL.7#, °��'
<br /> -'��'.� — U.S,C. �60t et seq.!�, and all other foderal, st��e nnc�la..a1 laws, regulations, ordmaaCa, tourt ordecs, atwrney g�e�r-:ral • _-
<br />����� op i.nions or interpre�o4�e leture concerning du gi�blic healtt�,snfCty,welfare,environnrmt or a hazatdou�substana;alnd�2)
<br />__._.r ,� Nazudous Stibstancc nxane any toxic, radioac.tive ar haz:rdous muerlal, waste. poIlutant ot Con'tarnfnant which h�d
<br /> char+cteristics which cender the substance dangerous or potcntially dangerous to the pubUe he�lth, saf'tty, welfa�st or
<br /> ,��;,�r.�,�s environ.ment. 'Il�e term includes, without limitat�on, any substwces defiaod as "hazudous matend," "toxic substpxaces," -
<br />-_-;.�!�� 'hazudous waste"or"hazardous suhatu�ce"under any Enyironrncntal Law. � ; .
<br /> � Trauwr repreaents,Warrants and agrecs that: .
<br /> T.�-�� A.Eacept �s prcv�ously disc:losed and acicmowlodged in writiag to Bene�iciuy. no Huudnua Sbbstu�ce is or will be _
<br /> -'-°•�,� lacued. stnrod or rdr,ased�on or in the Property. This restriction�l�ets nflt �pply to amall quantities of Ha�ardau
<br /> ;_.� ��a��es thac u�generally recognizod to bexppropriate for the no�7 u�e and•sna�nlearna of tl�e Property.
<br />-.�'�` B,Ex t os previously di�lasecl and acknowledgal in writing to Beneflc'�sky:'IYusi�or and every ten�nt have lkrn,u'e.
<br />-:��MA� and��ll mn�a in full�ompliance with any applicable EnvironnxnW Uw. '
<br />� C.Tivstor ahall imrnedi�te�y notify 8eneficiary�f a release ar.thnatened mle�se of�Hazar�dnus Substanoe `c�cci�t��
<br /> vita� 1a1 L.aw conceming Ihe Pn�tY•
<br /> under or aboua�he Pro(xcty or there is a v�olation af a�y�n � nm�+?
<br />=�� evrnt. Tcustor sh�il tako all noccssary rern�dial actiom an aecordan�x 1vi�rh eny EnvironnKatal LayV. .
<br /> �„_ � p.'ii':�ustor shall immediatel�notify.Beneficiu'y in writc�r�,ns soon as'Crusior has ieasoa to bclkvs ihere ie any pq1d�8
<br /> �-°��'� o�r thneatened inMestig�on, clum, or proceeding s:.la�:i�ng ta the release or thrrsatcned niease of any tlal�tt�Cwa
<br /> ��'�:'�+�• S�bstanoe or the violation of any Envirotutxntal Law. '
<br /> �....,.•1{;;;,�.
<br /> s��."���ti,r�:r;; �;
<br /> ,�,; �ti;.,r�.,;;�.,, 18.C�NDEMNATION.'�'custor will give Beneficiary prompt notia of any,pcnding or thrcatened acQon,by private orpubl�c
<br /> „'���:r��;�S;�=�; : entities to purchase or take any or all of the Pcoperty through condemnaaon,eminent domuin,or any other means.Tnrstor
<br /> - ,`��`y'�':':1>! � authoriza Beneficeary to intervene in Trustor's neme in any of the abo�c dc�scribed acdans or cl�nu.Ttustor assigns to
<br /> " j7' ±� � Beneficiary the proceeds of any award or claim for damages connectM w�tth a conden�nna:ian or other taking of all or any
<br /> -f:�,'::�; :
<br /> ' `'���: part of t}►e Property. Such procexds shall be considere� �1Srrr�rnts and will be appYied as provided in tius Security
<br />_� [nsttutnent. T6is asstgnment of proceecls is subject to the rt�;rr�rt�s:��.'0 ip�.ior mortgage, deecl of trust, securiry a�r.r:,�a��ent or
<br /> - otlxr lien dacument. . ' �
<br />__ sr .� � , •
<br />� • 19. IN5fJRANCE."fr�stor shall kcep Property insurcd agaiast{ass by fire,fiiaod,theft vtd othet bsazuds��n3.ixt1r3 re�ot�bly
<br /> assaiated with the Property due to its type and locacooR•'L'bis insuraztice shall be mAintainea sn t6e uWuuuncs �nd for the
<br /> ,�'`•� pe riods that Bene�ciary rec��u�• 'L7►e ic►surance carriec providing the insurance staP@ be chosen by Trustn��su�njoct tu
<br /> Ben�ficiuy's approval, w!� shall not be unreasonably withheld. If Trustor faila t� muintaln the covaage clexxibed
<br /> -�-----_
<br /> n,�s�_�.��....�:.... ..I.�e�N nnvNrnur tn nmtect B[U��ICI�TV�6 IIYIlt9 III t}1C PI'OP�Y���
<br /> ____ __;_-- ' -' ......»..
<br /> v 1UOYC. t1CI1Ci1Ci�IIiry �c oc�nc.��.w� o..�.......� -_•"-o • - -
<br /> to t�e trrms of.ePa��cririty lnstr�ment.
<br /> All Insurance poliek:s uuf ra��a�s shaiC[uacceptable to Bencflciary:�d sh�ll include a standard"mortgage clause"and�
<br /> � � where applicab��. "toxs pa5n�c[ause." Trustor shall imn�►ed4attly ruaecfy Beneficiary of cancellatlon or eernunation of the
<br /> • insurance. Ben�ciary shati have the right to hold cEr� ��oii.cic� and renew�ls. lf Brneficiary nequirrs. Trustor shall
<br /> � inunediuely �i��e to Beneficiary all,receipts of paict ��i�:nz�vma and renewal not:ces. Upon loss, Trustor shall give
<br />_ . ir�uneciiate��tru;co the insurance camer and Seneficiary.D4�ru.�fxiarY rnay make p�vof of loss if nat made imm��llately by
<br /> r3'�:uz�r.
<br /> Ipa(re 3 0l�Il
<br /> 6'./1931 9WMa SvftMnf.Inc.St.CIOW.MN 11�500��97•23171 Fam RE-OT�NE 10!17197 ----
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