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<br /> < i I K � s •�� Deed of 7lcust to tbt ooauary�the tem�s of th3s ase�ctiaa s�fl . • - .
<br /> , � L. Notwithstandtag� . ^
<br /> sutvive aqy foiqciasure or satisfactioa of tbis Deed of�Yo�cega:dte�of aay Qassage of title to Brneficiasy o:any . �°�
<br /> `• � disposition by Beneficiary of an�or all of the Propert}.Any cisimc an�datenses to the conuary are Cec�y a�aited. . . ,�`, . ' -
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<br /> . . .� ,. ?A.CO:�III�VA130�i.T�ustor wi11 give B�eficiary pmmpt ao�oe o!any rrtion.r e a l or t h r e at�e d,by p*iti�i e or p u0lic ;;':.r-:,u .
<br /> � �- �''' � earities to purchase or tage any or ali of t�e P�op�ty. inrlud'mg aay�ts.through cond�ian.eas�inent dQmain. . . ,'::�'_��,;
<br /> � ur a�r othar means.'ilt�stor further agrees to notlfy S�aeficiary of any piuceediags instituted for�he establi�tt of any - .�. r .
<br /> � ,. r `'. � n�he I'to or any patt of i� .. ,�.
<br /> seaer.water.oons�►ation,diuh.drainage.or other disuict relatin�m or bindinS upo PenY
<br /> , :_:,. . Tnutor suthorr+.es Beaefiriaay w iatenr�e in'tn�stor's name iu any of the above descn�bod rstiflns or daiau and to wltoct
<br /> --. _ .: aad c�eoeive alf sums tes�ldng frum tiee astioa or claiae.Tn�stor assigns to Benefisiary the pioaeeds of auy award or claua .. F' �.
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<br /> �.s, for daYnages oannected arith a oondeffination or other ta�ing of aU or any part of the Propeity. Shch pmoeeds sha11 be , ,
<br /> . oonsttdered payn2ents and w�l be applied as provided in thts Oeed of Tn�st.lbis assignm�t of piooeeds is subjeci w the ;;�:` . '
<br /> s: teims of any grFor security agreecnent. :.:�`:�'. . ..
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<br /> Zl.�H1L�1�iC�.'�tttsmr a�es w ma�ntain insucanoe as ffllfaws: � ��•-
<br /> •� �,r:,i:;•: A. Tntstnr�haII keep the Frogerty insared agaiast tass hp fire.�heft and othet hazards and tislcs reawnafsIy as�ciazed ;(
<br /> �� with tt�e L�Coperty due tn its type and tocativa�tt�barards aad rnsks may ius[ude,for e�azaple,cavesa�e agau�st � �,.
<br /> ,,..�"i��"� � iass �Wci Qaods ar Qoodin8. 'ILis ia�uaace shaIl Ue mainrained ia t8te aca.�ums and for the perlads Wat •.;
<br /> � ,. �,. .:. • $�� reqnires. '�e insurance cariier pmvidiug the issurauoe sb�ai� be dwsea By Tnuwr snbj�ct ta ; •�:,-"�:
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<br /> `s' � , geaefictiary's appmval, wUich shall not be uam�sonabiy wicF�Iteid. If Taustor fa�s m �aintain dt�aaveiage .
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<br /> , �'S �: . ,�escn'6edaccor i w tfce t m4 of this Deed ocf T�fnst-�oa,obtaia coveiage to Pracect Heaefcciary's cighhts ia the , _
<br /> �t��<< � �'ffnlPe�tY g tei ' �, -
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<br /> €°�;� � AIl i�sn�policies and ieneavaLs sball be acceptable ta Heuefici�ry atul shall iaclade a staadard °mott�age , .. •;
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<br /> �_ f �.�•�;, � : claus�"aJ�.where applicable, "treneficiscy loss payee c�se_ Tcustor s�all irrmaedi�etY notify Beaeficiary of . :,;�%:
<br /> �s: , canoeJJ'��ierminadon of the insurance.B�uefrciary shalt Sr��the righi w h o l d the policies and reaeaals.If �
<br /> ��� Ti1;vsW� Bhall i�riedi2iel e to Benefi 2ll tS Of 3�t1 �d IeQCwel :yr�
<br /> ._. '�M1i�fh, BeaeS�gr� Y� �► �P P P� ---.;:- ,
<br /> :'' ,�,,3��` . notir�;] ;i��s;;."�ts�r shaU give imme��$aas�ce to the insuragce caai�r and Beneficlary.B�e�y may �„ `":.
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<br /> �., :`��s�i:h`� �a�Icei�.'�x. cn��iossi£�rsaadeimmediatelyby tasf�. �{,., -
<br /> . ,'r. �:� . '';. . . . ' '' � pmcePds s1�a11�e a�rLied co�w�ation Ar � �
<br /> .. '� U•n�.�:�ciary and Tiuswr o�is�agc��wriang.insuraace '•�`r.
<br /> � ' ." . �,. .�f`tc�e Properry damageQ i��ie`��atitiv�t.+��air is econoaacaliq f�'ble aad�ary's secflrity is not . ��^�'"'"�`f,-
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<br /> , : `� feanble or Beaeficiary's se�auit��be'te��ened,the � ����
<br /> . .; � ;r�.�If the�stnration or reps��x�t ac�.nar�1Y ; -
<br /> • � ��tsoranse pmceeds s�a�11�8PPlied tb�the Sv.�inec�.fiA'dc�,whether or uot then due, with aay ex�as paii.�ff�`�tustor. '{ . .:.���
<br /> - : � . � , tf Tn�►a a�a4domq d��?tcgeay.or dae���:�tvithin 30 days a nouce f m m B e n e ficiary S1sat t���� �.. .'
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<br /> � � � , catrIra���€ez�d ax�d�:a cla�ra..�en Eea�.a��.i:a�r cQilest she insu:ance preceeds.�zeficiarq`t�?'�e the Y •
<br /> � , � I •a +mr;�i�the�or tfl�p�;'t�e Se�e�!��+ebt whetheF or not the�!�a:'ihe 30-day period � --
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<br /> ` c ��'���:�';. Untess Heaeficiarg;as������i'ar�e agree i��s`stiag,anY 8PPU�ioa c:�"�r�3s w priucipal sltall�ex',�ad .
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<br /> .. 'i•, ��i,+;��Fi-�, or posrpane tUe dae�%i�,�..�i�d;sayments or cbaage the amount of t�p�vr�ts.�f tb,e Propeetg t��,raned '�
<br />- . . �- by Beaefic�ary.Tius[�r's tight to��sutance Pulicies and procxeAs resulti��m�t�ci tbe Prop��fefore : �-,.•-
<br /> . ..'� ; �he acqutsition shall pass ta Beneficiary w the eatent of t�e Sewt�ed Debt immediatcly 6ef�.s�r:acquisi�an. � �_�.-
<br /> . ` j , . B. Tnutor agrees w maintala camprehensive general liab�iry insurance nanilng Benef�ciary as�c additional�urad in . a[r�-
<br /> an amouut acceptabte to Beneficiary+•insuring a��t clsims arisiug from any accideat or accurrense�i�ror oa the ,,�;��-
<br /> . :i '� Progerty' . . . .;�:.:,� ' . 'o.n�!+.�_�.�.
<br /> � :,� .,:;'!�:� Tmstor agreea w maT�tsain rental loss or busines��tioa i�surance.���a ey a�r��►,ia`a�t�omit .:;,''r��:a:--
<br /> - . ' ' oa at least cov e of one year's debt servt�,.�3 ie�re�.��scrqtc�-�t deposits.di�agreed to separately .`` '� --
<br />- � � �m�.c�ler a fo�rm of policy aeceptable w Beneflciar� � � � - !,`��:
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<br /> ` , ,�> ;1;<, 22.�!�ESCROW�OR TA7I�AND INS[JRANCE.UNess othea�visC,�!c��di iir_�.;.�te agce+ement.Tnuwr a+i11 not `'� . = `!"��'
<br /> . .`?�,��.71�; 1�i�zquhed to pay to Beu�sy funds for taxes and iasivaace in escro�. .
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<br /> � . . ��.�`NIANCIAL REPORTS A1�ID ADDI'i7!�.�te�L DOCiR1+IENPS.Tre�or will provide w BeneSciary upon request. ac►y ' >+�'
<br /> � � � � financial statement or informatlon B��dsss:g may deem necessary. 'Fmstor warrants that a!!,•Ina�nancial statements and =
<br /> : . �.. �o ' ; � info�ation Tmstor provides to Bene� 'cu�fs'�r,or wi11 be.accura:e, correcx. and completr�,`]fia�ator agrees to sign, ' •-
<br /> . . de�iver,and file as BeneRciary raay reasoa�Sy reqar�{.�sy addidonal documents or r.ertifie,ati�'�t tivat BeB�i3uy may ''p�
<br /> ' . . va�s�der necessary w perfect,contlnue.and preserve'f eus"t�'s obligations under tffi�4 Deed of Trust aad Bene��ry's lien � �
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<br /> `� . . status on the Property.If Tn�stor fails to do sa, Beu�ox��roay'si�u„deliver,aa�d 61e such documents or certifieates In . � ..
<br /> � � Tnutor's name and Tmstor hereby;m�raxablY appoi�'l�raefr�ias5)�±ac 8eneflclary'a agent as att�raey in faa to do the . � .,
<br /> � . things necessary to comply wiW tbis s�csion. . ' , � :
<br /> .� � ?A.dOINT AND IIVDIVIII�BIIJ/.�iL T�IIABI1.1'1'Y:CO�SIG:�TEYtS:BUCCE5�08S AIQi�A�IGPF�ffdD�TND.AIl daties uader : . .• ' .'
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<br />::r. . '�•,::>: `� tlils Deed of'I'rust are jomt znd inA9vidaal.lf'Tnrstor slgns this Deed of Trust tirxt daes not sigo We Evideuce of Debt. . �...;,,;,., •�
<br /> �- � ' Tnutor daes so only to mortgage Tc�utiar's'.iaterat in the Propeny to aecure Day�eut of si��axcred Debt and Tnutor , , �
<br />''` � doe�s not a�t�be pezsoaally liabte or�i t�».Sec�ued bebt. Tn�stor agees that$enefigiarg a�xd�{ny,•�7a'ty to tLis Deed a8, ,' `� ' �.
<br />-�'�, 7Yust may exar�u�, mndify or rnatce am.yr�Jyntt�in tlte term9 0!this Dced of Trust ar die�+iiJt�of Debi witknnt. � '' �: _-.
<br /> _� Trnswr's ca�„�ussi:.�Such a cha�tge wili antF i�3i�e TiuStor from the tem�s of tbis D�ed of Tsu�:"@'srr.dluies an�i�i�eaefits a� ;;.�:� � . ,,
<br />�;� iiris Deed of•�'c�z shaII t�'vrd:aud benefit i�e successo��ud asslgas of Tnutor�d t3�tre"�'�ry..;'��: _: �' ,� ;'•..,y ,; -
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<br /> �:'. . ' l:�i�is Oeed aC'IY�st secur�s a guaranty betarcen gend"utary and Tn�stor and does.�oe.�if'ifv�iAy►secute the ohli�atltao wl�ich 1 ,,
<br /> "�' • .ia g�lt�,.'ltiusior a�to waive any rights•that�aY Prevent Heaeficiary tro�bYingin�.any action or claim a�sinst !;:o�;`.'� ;;;,,
<br /> . � `, Tmstar er.uu�s perty iade6ted undet the obligation mcJud9ng,but noY lirnirsd w,anti�de&c�ency orone-action laws. ti ; : '
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<br /> ",< !�. Z:�.AiYPt�yCAE�LE LA1W: �VERA811.jTY; DV1Z�Rr1t�TA�'IO3v1. 'I�is Dcxd�of Tmst is vemed by the laws of the �; '�,a i.' .
<br />,__ �. 11. P� r,c, � ;'= .
<br /> :�;'"�.,.:� � � jurisdfcxion in which Bmeficiary is located.except to•the eatent otheravlsemq uirad by the laws of the jurisdict�on wflere ':`:�.:.��'. .: .
<br />-A�_� tlie i�t+operty is located. 11us Deed of Trust is cumpl�te and fiilly integrat e d.7 6 i s D ce d o f Trust may no i be amen d e d or .
<br />-?. 1 meditied hq oral agreement. Any sectioa or clause ia tLis Deed of Tnut, attachments. or any ageemeat relaterl to the . .
<br /> :." Secused"Debt that oonflias with appllcablr law W�il nat be effective.untess that law expmss1y or lmp1iedly pamits the � • .
<br /> �' vatiatioas by written agreement. If aay seqioa or aleuse of this Deed of Trust canam be enforced ascording m�ts tem�v. . .
<br /> �� � . 1 that sectfon or clause will be severed and wlll uot affect the enforceability of the remaiader of this Dced nf Tmst.
<br /> 1Nhenever used.the slagular shall inciude Ue piural and the plural the singular.77ie captions and headinga of We sect�ons
<br /> ���,. � � of this Deed of Tnut are for wnvenience only aud are aot to be used ta iaterpret or define the temt�of�tis Ueed of Tnist. ' _ :
<br /> � �. � Time is of the essence in this Deed of Trust. aese s o�s � �
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<br /> ' ! • m 1993 Bsnten Systems.Me..St G�auO.MN It E06397�23411 irnm aG/CO OTJJF t 0.�i0(97
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