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<br /> '`' �7� 14. DEFAUI.T.Trustor wiQ!w in default if any prrty obl�gxtwl cm tho Secur�J Deht fails to raaka pay►nant whrn d►w.Trustor
<br /> �"'' � will tw in drfault if a brr�►ch cx.curti uada�ttw tarmy af this S�curity Instrumunt ar an othnr dausndat dxrcutcd for th� �
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<br /> � pwpc�w of craating,�;ecuriny ur guurantying tlw SCCUreJ D�bt. Ag�xxl faith twlitlf hy dnr�ficiary that Huaaficixry at any
<br />. �,k.,, hma�,iav�curo with rrspe�:t tu any persc�n ar nntuy ubllgatecl on thc�SecuttiJ Deht or that the proxprct of any paymesnt or _-
<br />-•�„•..*•.,,� thd vr:lua ot thes Praptlrty is imps►ired xtwll alno c:on�titutn an�vant uf J�fault.
<br />,:�� l5. RENI�DIGS ON DCFAUI.T. In some inSWnc�s, federnl and state Inw �vill reyuiro Becwficiery to pmvic�a Truxmr with `'-
<br /> ___-- ncXieG of tha right to cura or athrr notice.ti Knd muy wgtubliYh tlmtl scheduler� for forecl�ruro actiom. Sub,�' ct to ttw�e
<br />:�`%`:•'•_,,:�;,� limitations. if any. Btlrrsfciery may acctlleratcs thc Srcurrd Drbt acul foreclo,a thls Securlty Instrumant in :. manner
<br /> � provideJ!�y Isw if Tru,tor is in dtlfault.
<br /> �'� At thc option of BCneficisry,all ot a[►y part of thc3 agrr.ed f�s anci chargr,�.accruecl int�srest and F+rincipal shaU hr,comr
<br /> ,.";'� immedistrly Jue and payable. sftCr giving naticn if reyuireci by law, upon tha occurrcince� of a defauit or anytimn
<br /> tlwreafwr. ln adJition. Beneficiary shall t�entitleJ to all thtl nmedies prov�ded by law. tl�w tcrms of tixs Secured Dtlht,
<br /> ,'� this Sccurity Instrument and any nlated docum��Us,including without liautxtioa,tha powar to s�ll tha�Praperty.
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<br /> '•;���.�`�; If them is a default. Trustrx shall, in addition ta any other permitt�cl ramedy,at th� �eyuest af thc Bendficiary. advertiw
<br /> _��- : : aaJ�seq thc�Property as a whola or in�paratC parcals at puhlic auctian to the hibhest hidder for catih And caavey absolute
<br /> "�.:�'• • title fr�e and clrar of all rlght, titl�and interest of Trustor nt such timc und place xs Trustr,cs de.signatas. Tru,tc�hhxll givtl
<br />-"�;;,;;�i;-�`�"-', noticd af u►l�including tha timn, terms aud plucu of aala and a Ja.criptiun uf tFtr propnriy tu he sald ae r�yuiracl by tha
<br /> _,�,���� . applicabl�law in dffect at the timC af thc propasecl�altl.
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<br /> �_.:;,,.:..:{ Upan sxla of tlns prupdrty ai�d to the extont not prottibited by law. Tn�tee shall rru+ke ancl dulivaz a daed to t6e Prnperty _
<br />��.":i;•'r• Spld which conveys absoluta titl� t� the purchas�r, ancl after first paying all fae3s, charges and costs. sliap pay to
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<br /> = �::�rt•}�: Benaficiary all moneys acivwc�c�d for mpatrs, taaw4. insuranc�, liens, a4s�sments and prior �ncumbraacas interest
<br /> '. �' thereon, and the principal and inter�st an thC Secured Debt, paying thhcs surplus, if any. to Trustor. Bc�neficiary may
<br /> ' `1'•- purchas�the Property.The recitals in any de�d of convnyanctl ghall tx�prima facia avidence of the facts set forth t6ar�in.
<br />��;�i�'•, All rGmeciies ar�distinct, cumulstiva ancl aot exclusive, and tiw Bc�veficiary is antitled to ail mmeciie.g�rovlded at law or
<br /> _-�r ry� equity,whether or not axpresaly sat forth.Thu accxptxnce by Bdnoficiary of any sum in payment or pattial payment on thu
<br />- �-;:1� Securrd Debt after tha balancts is duc or i�accularated or after foreclosure procradings ara filed shall not consNtuta a
<br />._x'i.",�;�,, waiv�r of Beneficiary's rtght to reyulre camp lete cur�of any dxistiag dtlfault. B y not exarclsicng any remedy on Tru.,tar'�
<br />�_-_�-:��: def�ult,Btln�ficiAry cloes not waiva Brrwficiary's right to later consider the event a default if it continues ar happ�ns again.
<br /> '`�''•.� 16. EXl'ENSFS; ADVANCFS ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Exc�pt wh�n
<br /> -- prohibited by law, Trustox agrees ro pay aU of Ben�ficiary's tlxpen,es if Tnutor breach�ss any covannat in this Security
<br />---`-°-°= Iastrument.'Crustor wiii atso pay on dCmurxt u,iy suuvuai irtiurn„d b}•�Ber�&cisr;for fas�Qg.I��Hng: n�NCeNIttO Of
<br /> -- otherwi�xs protectin�the Property ancl Berksficiary's secunty inter�st.The.ses eapens�s wlll bear inter�st from t�date o�the
<br /> .:�::��� pnyttwnt unttl pxid in ful! at thtl Mghrst iat�rdst raw in effect as provided in tde tetms of the Securecl D�bt. Trustor agrees
<br /> �"� to pa all costs and nxp�ns�.ti incurrexl by Banaficiary in collecting, nnforcing or protecting B�neficiary's rights aad
<br /> ���� rn�i�.ti undar this Secunty Instrument. This amount may includes, but is not limitrd ro, attornays' fee�,coiut wsts.and
<br /> --- - o1hCr legal expen�ess. This S�curity lnxtrum�nt shall remain in affi�ct until released. Trustor agrees ta pay for any
<br /> --- nxorclation costn of such release.
<br /> 17. ENVIItONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this s�ction, (1)Envimnmental Law
<br /> mexns.without limitaqon. the Camprohentiive Eavironax�ntal Rasponse.Compcsnsati�n and Litbiliry Act (CERCLA, 42
<br /> ' -_��_� U.S.C. 9601 ct saq.},artd all other fedrrul,state and locnl Inwc, regulations, ordinxaces. court orders,attomey g�nCrxl
<br /> -�-� opintons or inttlrpreuvo Icttere;wttc:cjrning the publtc health.safety. weltare.env�ronment ar a he�ardous substxnctl;arnl t2)
<br /> H�zerdous Substance means any toxic. rndioacGva or hazardous maturial. wasta, poIlutant or contamicwnt which has
<br /> cl�aracGsristics which rondor tlxs substsacc clangerous or potentially dangerous to thu public health. safery. welfue� or
<br /> environment. Thtl t�rm includcs, without limitation. any substanrxs dafined a.s 'haznrdous materiA��" "taxic substaaces."
<br /> "° ^�dous waste"ar"hazardous substancr"under any Environroental Law.
<br /> Trustor repre�ents.warrants and agrees that:
<br /> A.Except es previously disclosed and acknuwledged in wriNng to Bemficiary. ao Hazardous Substancu is or will t+e
<br /> located. stored or relea.sed on or in the Property. This restnction does not apply to sm�ll quindtic�of Hwz�nlou.y
<br /> -- Subsmnces t6at are b�enernlly recoB niz�cl to be appmpdate for t!w norrnal use and maintenanc�of tha Propestry.
<br /> --- B,Eacapt ss previously discloseJ and acknowledged in writic�to&stwficiQry.Trustor atxl evary tenant 6avc�b�esn,t�rtl.
<br /> and sl�all remain!n full complienca with any applicabl�Envir+c►nrtx�ntal Law.
<br /> C.Trustor shall immediately not�fy Brnnficiary if a rolease or thteatentld rolease of a Nazardous Substanc�occurs on.
<br />- - under or about th� Property or thdre ix a v�olatlon of aay Environmental Lew wncaming tha Property. In such an
<br />� �vent,Trustor shall tak�all neceasary remr.dial action in accordanca with any Environmental i.aw.
<br /> D.Tnisror shall immeciiately notify Bar�ficiary in writing as soon Aa Tn�sror has ceason to belt�w tl�r�isy ay��ou
<br /> .�°�� nr tfueateneci investigation. claim, or proc�eiling r�lating to the r�lease or threutrnad rolr.a:;� of an H
<br /> ";;,�,� Substance or the violation of any Enviro�►msntal Lsw.
<br /> --- � 18. CONDEMNATION.Trustor will give Buneficiary prompt notica of any p�nJin$or threatened Action, by privnte or public
<br /> _°�"�� entitias to pwchase or taka nny or all of the Property through condemnation.emiaent domain. or any other meanv.Truscor
<br /> . ._�`r:m., authorizes BCneficiary to intcrv�r�e in Trustot's name in aay of tha ebova described actionti or claims.Trustor essi�u to
<br /> ''�.;«:,�,'�,;.;a.; ` Beneticiary the proceeJs of any nwarcl or claim for damages connectecl with a condemnatioa or other taking nf all or any
<br /> ��._�,;;,;�`:�;,F�• of thd Property. Such proceedi ahell bu consid�rod paymcnts and will be applied as provided in this Security
<br /> ':�;,:��1��"•,`�`ti7 actrumdrt.This assignment of procrxds is subject to the terms of any prior mortgage.de�d of tnist,security agrec�ment or
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<br /> _•.:•:�:',','��,..r�r , othcsr lien docurt�nt.
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<br /> = 19. INSURANCE.Trustnr shail keep Pm�rty incured againvt Mwc by fire,flcxxl,theft ancl othzr hazc�rds and ri�ks reasonahty�
<br /> J;` ••��: :;�.' .� uisew�alecl with the Property Jue to i�� type xnJ l�xation. This invarance shall Me maintsinul in the amounGti and for thr
<br /> ``�.a�ti� , periexLti that Ba�x;ficiary reyuirw�. Thr in.urunce carrirr providin� the intiura.n�:e shall �e chasen by Trustor suhject to
<br /> Beneficiary's approval, which yhall not Me unresu�rwbly witlihcld. If Trustor fails to maintain the covera�r dascrif+eJ
<br />-,��'��*�i�_ ahnvr. Berofnc�arv mav, at B�neficiary's option,olxain cav�raga to protect Beneficiary'� righU in the Property acconling
<br /> -.�.�<�'":�; to the terms nf this Seeurity Instrument.
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<br /> ': � All ir�uranr,�policies anJ renewal�shall he ucc:eptable W B�r►cficiary and shall includ�a �tunclard 'mortguge cluu.�e"ansi.
<br /> .- � , � where applicahltl, "lass paycx claa+a." Trustor�hnll immediately noti�y Beneficiary of cancellation or termmution of the
<br /> ' - � iatiuranc�. Br�ficiary �hall hava th� right to hold dxs policies and ranewals. If B�s�sficiery royuina, Trustor shall
<br /> immediately give to Bcneticiary all roceipts e�f paid ptvmiums nnd rettawal natices. Upon Iexi�. Trustor +hall give
<br /> . imrndcliate nc�tica to tlx: in+urunce c:errier ttixl Brneficiary. Baneficiary may maka prcwf c>f losx if nat mad�immexlic�tely by
<br /> ° Trustor.
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<br /> - •�' . �tfl9t Osnkpt Srifem�.Ine..St.Cbud.MN 11•000397•23411 Foim HE•Ot.NE 14�23/9E
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