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<br /> exccutcd f��r thu purpou:at crcnling.+ccurinK or gunrnntying thu Sccured D�:ht. A g�wd fciith bclici hy I.cndcr th�►t
<br /> l.cndcr at any timc is insi:curc with respcct ti�uny{xsrscm��r entity ohti�atcd un thc Sccvrcd Uct+t c�r that thc prnsFxct
<br /> ot nny paymem or the valuc uf the 1'ro�x;rty is impaired shc+ll nlsa c�m5titutc:�n cve nt of dcfault.
<br /> 1S. REME�DIF 9 ON D�FAUI.T.{n si�mc instnnccs,[cdcrnl imd stntc liiw wiU requirc l.cndcr t�►providc Grnntar with
<br /> naticv of thc right lu curo��r otl►ee noticcs and may cstt�hNsh timc schcdulcs for forccitnurc nctions, Subject t��thcsc _
<br /> limitattans.i�'any. I.end�r may accclerate the Secured Debt nnd furcclase thi�;Sccurity lntitrument in ii �uan��r
<br /> provided by law if Grantor is in default.
<br /> At the option of Lender,all ar any part of the agrecd tees and cliargcs,uccrucd imerest i+nd principnl shulf t�ecame
<br /> immediately due and payable,atter giving notice tf required by Inw, upon the cx�cu�rencc of►�default or unytime
<br /> thcrenftcr. In additton,Lender shall bc entitled to ull thc remedics providcd by Inw,thc tcrms of thc Securcd Debt,
<br /> this Security instn�ment and any related documents,including without Ilmitntion,the puwcr to sell the Praperty.
<br /> If there is a default,Trustee shall,in addition to a�y other pecmitted remedy,at thc r�quest of thc i.cnder,udve��ise
<br /> and sell ttxe Property as a whole ov in s�parate parcels at putsdEc auctio�e to the highwst l�edder for cash and convey
<br /> at�solutc tntle free and cicar of atl right, title and mtcr�st of Graator at sucA�tieme amd piace as Trustee designatc�.
<br /> Trustee stnall giive notice of sale including the time,temts and place of salc and a descre�y►��T��`the pxopepty to�be soldl
<br /> as required by thc a��licable law in effeet at thc time of the proposed sale.
<br /> Upon sale of the prn�c rty and ta the extent not pr4hibited by law,Tntst�e S�.n9A ma�:e n�nn]c�-��liv�r a deed to the Property
<br /> sotd«hict�rnnveys t+4�sa�1»ie tiaie rt���fic.ptercha�Lr,av�d after�r5t p�yirtg s�1�tees,chnrcges�nd,casts.shall pay to Lender aU
<br /> moncy�•uc�vanced[at re�Aie's.id7res,insuMnc�,2iens,assectim�ea�ts an�l p�i9f�'�'cunm�btances an3 inter�ss tl:�r�on,aa�es ut�e
<br /> � princip�l and inter�:st a��the Sccv..ea���t�w�n�rn�ta�e S�►meuy.ife any,����aa�tar.lxm<der �nay purctea.`�e the Prr��rtti�.
<br /> The rccita�s in any v�e.c�i�f ounve��ance shall tr��rima facie evidence of eace f�cts s:t fath tfi�•cein. _
<br /> AI! remeclies aae cdu�:��net,cumulative and no��ex�lusive.and the Lende�r e,z�ncitledto all remedies�u�s�•i�l��at lp�+��r �.
<br /> equity.whether or not expressty set forth.Thc ecc.:p�d►i�c by Lcnder of any sum+n peyment or partial pavment on the
<br /> Secured Debt after the bnlance�s due or is eccelerated or after foreclosure procecdings are Gled shall not constitute a
<br /> waiver af Lender's ri�ht to require complete cure of any existing default.By not ezercising any remedy ns gain.tor's
<br /> default,Lender does not waive Lender's nght to later consid�r the event a de fault if it continues or happ�
<br /> 16. EXPENSES; ADVANCES ON COVENANTSi ATTURN�YS' CEES= COL4ECTION COSTS.Except when
<br /> prohibited by law.C3rantor agrecti to pAy nil ot i.ender's expenses it arantor breaches uny covenant in this Securlty
<br /> instrumcnt.Grantor wili also pay on dcmend ny�y amount incuncd by Lcndcr far insuring,ins�xctiog,prescrving ar
<br /> viiie�i�praizciiag she PrQ�riy?•nd l.endcr's ucurity interest.Thesa:expenses will hcar interest [rnm th�d�tc af
<br /> the payment until paid in full at the high�tit interest rnte in etfect ns pravtdc�in thc icrni�ai th� �c:rurss! L�Lt�t.
<br /> Gran�or agccs to pay all ccrits and rx�xnscs incurred by[.cndcr in co�lccti�g,enforcing�r pratccting l.�ndcr'ti rights
<br /> and remedk.r• undcr this S�:curity Instrumcnt."I'his amc�unt m�y include,but is not Iimttcd tci,aUomcyi[ces,coun
<br />_ cost�,and other IeRal oxpenKS.'This Security Instrument shal!remain in offect until rcicascd.Gruntar ngrecs t��pay
<br /> for any recordatton oosth of such r�l^esc.
<br /> 17. ENVIItONMBNTAL LAWS AND NAZARDOUS SUBSTANCES.As used in thi��cctian.(1)EnvironmentAl l.aw
<br /> means,without Itmitation,thc Comprehensiva Environmental Response,Compensation and Liability Act(CERCLA.
<br /> 42 U.S.C.96U1 et seq.).and all other tederal,state and local laws,regulations,ordinances,court ordens, attorney
<br /> gencral opinions or interpretive lettcrs c�oncerning the public health.safety,wcltarc,environmont or a ha•r.ardous
<br /> substance;and(�)Hazardous Substance mea�s any toxic,radIoactive or hazardaus ruatorial,waste.pollutant or
<br /> contnminant whicfi has characteristics which render the substance dangerous or potentiaUy dangerous to the publtc
<br /> health,safety.welfare or environment.The tnrm includes,without limitation,any substances defined as"hazardous
<br /> material;'"toxic substances;'"hazardous waste"ar"halard�us substance"underany Environmentul Law.
<br /> Grantor represents,warrants and agrees that:
<br /> A. Except as previously disclosed and acknowledged in wrlting to Leudcr. no Hazardous Substance is or wiU be
<br /> located,stored or rcleascd on or tn tho Property.This restriction daes not apply to small quantities of
<br /> Hazardous Substances that are genetaUy recognir.ed to be appropriate forthe normal use and maintennnce of
<br /> the Property.
<br /> B. Except as y�rcviously disclosed and ackaowledged iu writing to I.ender,Grantor end every tenant have been,are.
<br /> and shnll remain fn fuq compliance w�th any applicable Eavironmcntal Law.
<br /> C. Grantor shall immediately notify Lender if a release or thrcatened r�lense of�Hazardous Substanoe oocurs on,
<br /> under or about the Rroperty or there is a violation of any Environmental Iaw�conceming thc Property.In such
<br /> an event.Orantor sh�q take all necessary remediat action in accordaxix with any Environmental Iaw.
<br /> D. C3rantar shall immediately notify L.cndcr in writing as soon as Grantor has reason to beliave thcrc is aqy
<br /> pending or threatened invcstigation,claim,or prooccding relating to the release or thrcatened release of any
<br /> Hn�ardous Substance or the violatlon of uay Environmental Law.
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<br /> i& CONDEMNATION.(3rantor wiU give Lender prompt notice of any pending or threatened action.by pnvate or
<br /> public entittes to purchase or takv any or all of thc Property through wndemnation,cminent domain.or any other
<br /> mcans. Grantor authotiy.cs Lendcr ta intervene In Orantor s name in any oi the above described actions or claims.
<br /> Gruntor�ssigns to I.ender the prooeeds of any award or eleim for dnmages connecied adth a condemnatton or other
<br /> taking of aU or any part of the Property.Such proceeds shall be�nsidered payn�ents and will bc applied es provided in
<br /> this Security Instrum�:nt. This essignmcnt of proceeds is subject to thc terms of r�ny prior mortgagc,deed of trust,
<br /> secur3ty agecment or other lion document.
<br /> 19. INSURANCE.Grantor shall kcep Property insured against loss by Crc:,flood,theft and other hazards and risks
<br /> reasonably associated wtth the Prnpertydue�to i�nryp„c�drarrier arovldinf�stherosurance shalinbe�chosen by Grantor
<br /> ano tor tne periu�is ina� ..�:�.u•.= ••�c�:.--� _�_ ..__..
<br /> � subjcct to Lendcr s approval.whtch shall not bc unrcasonably withhcld. 1f (3rantor[aits to mainiain ii,c cvr��a�c
<br /> described above,Lender may.at I.ender s option,obtein coverage to protect Lender s rights in the Property aceording
<br /> to thc terms of this Secudty Instrument.
<br /> All insura�e�p6����s a��i renewals�tt.aU be acceptablc to L�:n der an d s ha l l inc l u d e a s tandard"mort ga�e clause"and,
<br />�� wrhere applicabLe,"loss pay�e�l:�e�:"��s��or shall immediately natify L.cnder of cancctlation ox tormination of the
<br /> - insutance.�.c:ndet sha➢I have�'ihe vi�I�¢s�C���91���e P�licies and renewals.If Lender requires,C3rantor shall immedfately
<br /> _. give to Lcnder all receipis c�f pai��'Qr.iit�ri�3 a�ms�vNa�w�l notices.Upon loss, Grantor shall give immediate notice to
<br /> --- the insurancr c�,�ater and Lender.i.t:�4lev�ms�4.r��i�ss�rzwP of icxs if ncot made immc:diately by Grantdr.
<br /> -_ (pnt�e 3 of�)
<br /> --- p�qg1 Ednx��S���rvrn.uc_2t Gt�ud.MN 11-E00397-.3.�ti�iam pE�UT�NE&N9t
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