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<br /> 14.D�FAi1LT.lYustor w' �f any pazty ob3igated on the Sec�ued Dcht faiis to mske paymeat when due.Trustor . ,K•�"=>
<br /> � � wIU Ue in defawlt if a �iihs t�Rf thic SeturitY�nsuumQ°t or�t�y ather docu�nt exeruted for the • . .
<br /> . . Purpose of cceatin�.s � r guara�rw8 tfie Seca�red Deb�A gand€aith belief by Benef ciary that Beneficiary at any . . ,h
<br /> ' . ����y,�� ot entiry oblisated oa the 5ecumd Debt or ttiaz the piospect of any paymeot or
<br /> `� .,� the value of the Pmp s6a11 also oonstitate an event of defauIt. !� � . ; -
<br /> • , . .t t5.RE11iEDIF•S ON DEFAiILT. In some iastan�s.federal antl state law �vill requite Be�nefciary to pmvide Tnsstor t�ith u� � •
<br /> < . . . :` aotice of the tigbt w atte or other notioes and may establish time schedutes tar foreclos�ue asx[ons. Subj'ect to thes� -- , _ - .
<br /> ; - - titaitatiaau, if �y BeneBciasq may aocclernte the Secun�l Debt and foreclose this Saauity [nst�umens in a mwttrr - ` . � -
<br /> provided by law if'I'rustor is in defaul� ; :
<br /> .. , ,�:
<br /> ' •. _ At the op�ion of Beaeficia�y,att or any Qart af the fees aud charges. acaued iateces!and principal shall t�eoa}� ..�;..
<br /> � iatmediately due sadpayaIi�a8ec �cvmg notioe�rKuired by law. upon the o�°Ctetms of the�tSe�ur�Dent. ' J J ':'�;;
<br /> . * �. I n�dition.�B�e fr c�a�Y��dncuments.inctuding wl W�o��limpivatioa.t�e potver to Seti ttte Pioperty. r ` �:
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<br /> ' this 5ecuciry Inswm�t aacE anY .
<br /> 6g�ere is a def�lt,'fn��$alE.ia a�di�aa to anp other pe�uimed remcdp.ak dre u�t of the Beueficiary, advertise
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<br /> {j 1r�;; `� acid sell the Proper�y as a w��aIe or in parcels at publlo a�a OQ the�ti�itest bidd�l.'f�c c2s6 erid oolrvey abs0iute :' � _�'
<br /> c:,`�� ;,'� . � titte fcce and clear of aU rigLt,titte aad.��t of Tnutor az surh 4ime aacF place as Tnistr��i�uates.Tnutee sLall gi�+e � =
<br /> ` . . notice of sale inctuding the 6me.terRS a�d place of sate aad a d�eion o€the IiroFertg tn B�soid as cequired bY the - -
<br /> . <. �, .` appuabYe law in effect ac t�e U�of ti�e proposed sate. . . .. "-'''..• -
<br />' � ' `.- �Jpon sale of ihe Pro���to tti�exteut not pm}u'6ite8 by law.Ttustee sI�aFE n�raTce and deliver a deed co the PmP�Y ,� ::,�'�
<br /> ' . ' ` � sold w�8 oonveys a6�crl�te ti@e w ttte pu�aser, aad after �c PaYing all fces• charSes and cost�. sfr�Il�ray to , . :?:�_
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<br /> Beaefeciacy aII �IIeys advaaced far sEgaiis, taxes. insurance,ltens. ass�s an8 Pnor e�scu�mbrances aucf miae�t • ._' �:,!_
<br /> .� c�reon. and dt��S;inapal and im.�au the Secured Debt, pagring r�e sarPtus• if any. w Tnutor. BffieFc��arY �a� - .: ,,�._ .
<br /> Ti�e recirals i�a�deed of conveyance si�ait.8egiima fasie evtdeace of the facts sec f�tiz�. _ . � :��
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<br /> A�Lt tetne�es ate disti�s4�v g w�d�:s�.Ize��crr �f' �, �,�
<br /> e z¢d unl exctusi��.and the���.'ary is e�eitIed to all remedies Ya� ••
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<br /> ,,.: of s�m ia paymeut or�rar�ra@�u�� �%f�� �'.
<br /> . .;, a�ity;wHether or uot ex�eae�I9 s�fer�"ffee a.�qe��6y E� �►Y aie faled�rnwII,�tut��s � S <: � �
<br /> '�,,, ' ,s�r.i $�cuted Debt after the b�e is drre��r� acc�.�.a,,�or after�e�sure pmceedings �'Y'n�br'�; . . '��
<br /> u 3h �� � T . .vvaiver of Beaeficiary's rig�t m req�?��2ete iasz�e of auy e�stauo�c��efault. By not exencisi���aY�'�..
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<br /> ,�:: , def�tt,Beaeficiary does aat waive S"�'�csars►s rig�t to tater a�':�'aheevent a defavlt if�a��r�'ens again. .� �..�--.._._
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<br /> Y6. EXPENSES: ADVAIk� ,4?!N COVENANTS; ATTORNEY$' FE�S; �OLLEC�I�:�i �`fi�.�:' �P
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<br /> �,�,�`���� pml�bited b law,'�ru���s� Y�of Beneficiary's eapeases if Trastax I�reaches anp�ve�a�ma�;s Sec�rity ��,.;_
<br /> `, Insmrm�[-�s+�stor wit4`�o gay e� d any ammuit inc�uced�x Beaeficiary for Insu�,:�sP� �enri�g os "�-
<br /> � ` othecw� ihe ,a�$i��ci�uY's security inten�,'��seeapenses w�l lr���fno�'�t�e date of We �� —
<br /> . t paym�t u�,•,���ia fv3��a�t�lu��,�st rate in effect as�ad in the tetrns of th.�.�Del��.�'rustar agcees _--
<br /> :,{ :� to pa. all a�•�� ��'�. Beneficiary in.co�ter�� eaforcing or pmt���fr�'s rights and � i >, : —
<br /> -�;s�ur�. iaclu�T�;but is noa limited to,attoi�!�s'fees,cr�t costs,and �,
<br /> �L��fi� 4 �� .,r�es under this Se�s.�r�salunexe-.. �Y ," j, � "� _
<br /> ,r.anain ia effect untn� ad�ased. Tiustor agce� �ts�� for aay � ,
<br /> �;� :,' . tather 1 al enpensek.�•'�.�ecucity I�,sdiu�e�t� , � �' ,�
<br /> i�%�t1��� nkr fy '�,� s�cordattc ofl costs of suct��z�se• ;:;: . . �, ..,. ' ' _ 1���� �' �
<br /> , ;t'•l!.?',,�''i ,. � .�iEtDOUS SIJBSTANCES. As used in this sertiuu; (1) Etrcf��tei I.aw. ;"
<br /> ,•:��ti� ;�q 17. �ONMENTAL LAb9S AND'�. R onse.Co ensation aad Liability Aci�Q-�CLA.� .
<br /> ,.fr , ''�. ' means. withs�ut ii�itation,the Compsr8easive Ea�riron�neatal esP mP _. ,. —.-
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<br />:-�.: • rs�F • • ' aad all other federal state and tocaj laws.reguladons.ordinaac,es. wurt ordels.aua�ey geu �, ,,_-
<br /> .. ��.,,�Ls,.� .t�:,. �� U.S.C. 9601 et seg:�, '
<br /> .-.•�:°f`�f%• opiaioa�s or Wtetpretive letteis concetaing the publ�c heaIth.safety,welfare,envirar�neat or a ha�rdous sn�r'�ce:and(2) a; _�,�_
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<br /> ,. Hazardous S�6stance means any toxic. ndioacuve or hazardous materlal. vr�:� ollutaiu or oontaminant whlch has ':.A•�''�.-:�'Y�_
<br /> � � . chazacteristics which reader the substance dangerous or potentiaUy danSexous i�s�e public health. safety, welfate or = -
<br /> •'�:.� enviroament. 'Ihe temi inciudes,without llmitation,aiy substances definod as°ha�do�s�a*.ria1. toxic substauc�," . --
<br />_ � "hazardous waste"or"haTardous substance'uader any Envimnmentel Law. :.,:�.. 1.° . .
<br /> - , . . .. ',..r;=� . if. ,'
<br /> ,� . Tnuwr represents,warrants and agtees ihat: ' '
<br /> ,�: A.Ex t as pzevfionsl disctased and ac2�owtedged in writing ta Seaef+�v;;no Hazardous Substa�e irs or will be :;y� �-
<br /> . .;:,����' . � loca ed.stozed or re1�on or in the PropeTty.7U9s resuistion daes�,���ply to small quantiti�o�Hazardous S��j .
<br /> . Su b s t a n c e s t h a t a r e g e a e r a ll y m c o g n i z e d w b e a p m p ri a t e f o r t h e n o m i a l u s e and mainieaaace of the F'ito p e rt y. � .'�: `;;--T=—
<br />' . ,,: � •.:.�.��R�
<br /> �� • �" B.Eacept as previously disclosed and acianowiedg�in writing to Beaeficiaay.Tn�stor aad every teaant have been.ar�. j.
<br /> .6:, and shall remain in full compliaace wlth any applicable Environmental Law. r '�
<br /> {•� C.Tnutor shall,i�s�le�ely notify Beneficiaty �f a release o r t h r e a t e a e d r e t e a s e o f a 1�a z�u u s S u b s t�o�o c c u r s an, _
<br /> ,".?f,�,���� -�� nnder or about tts�z i��erty or there is a violation of any Em+ironmental Laa+concerniag the Propeny. ln such an '�}y'�, `, �-
<br /> ; r,t�?•�. �ven�Trustor skal�t r�dt�aU.aecessary remedial action in accardance with any Envlro�mea�Law. � ��' S��;. �. r:-
<br /> ' D.T�stor shall iaim�ately �eneficiary in wrtting as suon as Tmstor has reason a eve there is�y pending ;:;t����. P'� ' ��',�-
<br /> . ai t�te�d inve�tig�on��, or pmceeding rclating•,to the release or thr��,:��se of any Ra7atdaas, . ,
<br /> . ::.,�:�. ,
<br /> S�bsdaLtar�c�F tlte violatiou of auq IEnvironnuental Law. •_ � :,;,:� . .-
<br /> � . .'' �' ' ' x ' or threatened actian,b ��arate or�public =�;�;�: . ,
<br /> `:. ` 18. CONDEMPiA7'��Pi.Tima..cor.will give Beneficiacy�rompt notic.��i�aay,peadiaS , . . • .
<br /> _ . .. entiHes w purchase v�+�al:a:�Y or aU of the Prapecyj?�imough condelnnation.emlaent domaia.or aa�r o�i�aas.Tiustor ,,:;il�i�?Jr. ,` .-..• ._
<br /> . � authorizes Benefici�;�s��)�+ene in Tnutor's r�is�any of�e above described actions or ciam�s.'l�'n�r assigns W ;}`c��r�.:
<br /> . � . . Benet�ciary�he prac��..�����nY aa��nr claim for damages manascted aritb a condeamasioa or other tak�cb of all or zay, ' .'" :; . ,
<br /> � part of the �rape�.�!Y+auk'.�c�rdt� ��iall be considered t�ap� and wlll be appli��s�provlded.�n this 5�r•ii�s' . �:•
<br /> � . �� Insxumenc.'f'�s a�*.�Q.��a4'�e�is subject to the tenns o�'�y prlor mongage.de�d atr tarrst,secunty agreeme��i.�r� •, ,' ..
<br /> ''�' O1�lCL�12D dQQ!lIIeGP.: :; ' ', . � ' j r',
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<br /> j,,�� ':'o-a+ .:,�i ;�: t9. INSQJ�►1��.'L'�,��ar�3�IL'�lseep 1�YopertY insumd against loss by fire.fIoa;�i.���fi mid arl�hmrar��aur�:��reasona6ly ,, ,f��'�; t , _
<br /> . ti��i�ii .:9°: • . assaciaced p�fifi+'�iZt�j,��dae to•its.type aad locatioa. This insurance'ska�T i:e ma�m�il»f i�ie:u�r�aui!�and for the . a��'.�,�;� t� ,
<br /> i
<br /> . �t':t,• ., perin�s,�f9au..��r���7l�,insvrance c a r r i e r p m v i d i ng t h e l n s v r a n c e s h a t D i��'.�d�r�r�,T��t'.,'�i�s s u h l e r�•t 2 t' '
<br /> � ' ' ���%�,tr'.�,u�proval. w ich ,mst be unreasonably wirhhr.ld..if Tn�swr fails to cw�aiia�:cTi�cxti�'.. �e deserlfx�i! : ,`�;°-
<br />.:.a,:',�� . • . •,��nr�.ISt�mclv�aary may. at Beaef�ciaiy's option.obtain cwve�z�t:•�u��scatect Beneficiary's"r��"s°itx�i►:l�f��ty ac�.9ir�� , ' �
<br /> -,, .. , :I�d rJ��of this Security Instnunent. '•��� � � . : `
<br /> t:�' � ' , All in..�rance polictes and renewals shall be acce�t�bie to Beneficiary and shall incIude a standard"mo���ause"and. � � ;...:.�,;.;;,
<br /> ..,�•�,.,,,..
<br /> _ • :;`'Et�,_ wDere��icable.'"loss payee clause." Tnutor shall immediately notify BeneficiarZ+of caacellation or t tion of the •:,.•:
<br />_ � �'.;�;;t:;.�� insuranc.�:,.Benef�ciary shall have the r�ght to hold the pollcies and renewats. !f Beneficiary requires. �NStor shall _ ._ .:_-,:f��;;..:"
<br /> � imn�iedi te not�Ice to�Bene��carrier an'a e��&c ary B�efi ar3►maY�e Pmoof loss if notginade�'�immediatetybY � --„ •
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<br /> �.� ' . " • ' /Paga 3 of 41 � . � .
<br /> �~ � �199+1'9u4tA:t;►stem's.Inc..StC1aA.MN 1t�80G991•23411 iormRE•OT�NE 10/t797 ' .
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