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<br /> ` cxecuted for thc purposc of crcating.sccuring or gaarantying thc Securcd Dcbt.A gcx�d�a�hciic�t by �n cr�that
<br />_�:, �j l.ender at any time is iasecure with respect to any penon oT entily obligatcd un the Secured Ueht or that the pracpec�
<br /> � of any payment or thc valuc ot thc Property is impaired shall also constitutc an evcnt of dcfault. ,
<br /> � 1�. R�ti�1EDII�Oi�`I IDlE1�AUII.T.In somc instana;s,fcderal and stat�law will rcyuir�I.rnd�r to providr Grantur with
<br /> x-� n�tIce of the right to cure or other notices and may establish timc schedulcs for foreclosure actions. Subject to thesc %r:.
<br /> , ; llmitations,if any,Lender may accelerate the Secured Debt and fareclose this Securlty Instrum�nt in a manner :s;�
<br /> �,:. � provIded by law if Grantor is in default. �...
<br />' �� =�- At 4he opkion of Lender,all or any part af the agreed fees and charges,accrued interest and principai shail became ''�''�y"
<br /> �� imreiediately c9ue and payable,after giving nattce if required by la�v, upon the occunence of a de fault or anytime '�
<br /> '•�"�%`i's'`�'Qt�`� � therea€tEr.dn addi�ioxt,L¢nder shaU be entit(ad to all the remedIes provided by law,the terms ot ttae Secured Deht, �{"�
<br />� `"`� ' t6is Secterity D�s�ntiatEnt ar�d any related documents,including without limitation,the power to se ll the Property. ��
<br /> ::.•a;4r}'�;'� If 7fiere is a default,'�"r4cscee shall,in addition to any other permitted remedy,nt thc request of the Lender,advcrtise =
<br /> ,v�„4���: und sct! ehe Praperty as a whole or in sepurate parcels at public auciicm t<�the highest bldQcr for caeh nnd convey
<br /> �:�;�:�_;•���h�, . ahsolute title free and clear of all rlght.title and interest of Grantor at such time and place as Tructee designates.
<br /> • , ,,,ti;;��i��_ .Y, �tee shal[give notice of sale includtng the time,terms and place of sale and a description of the praperty ta be sold
<br /> : as required by the applicable law in effect at the t[me of the proposed salo.
<br /> ��. Upan sale of the property and to the extent nat prahibited by law.Trustee shap make and deliver a deed�o the Praperty �
<br /> �____�� sold�.hi�..convey absolut� titl�to the �urchasor,and atter Grst paying aq fecs,charg��and cos�ti,shall pay to l.�nder ali
<br /> .- .. - mottcys advsssced tor rep3irs,taxcs,insuiaacc,licns,as�:�vmcats and Pri<x c:ncumbranccs and fot:;rcst th�r::cxi.:�nd thc
<br /> principal and interest on the Sccured pcbt,paytng the surplux,if nny,ta(3rtmtnr.I.undcr may}surch.�+c the Pra�x rty, —..
<br />" Thc rccituls in Any dced af canvcyuncx shull he prima f.aic cvfdcn�w c�f thc fnct+�ct fu�th thcrcin.
<br /> - Ali remcdics a�rc distinct,cumulativc anJ n�n rxclusivc.�md thc I.cn�rr is rntiU�d tu�dl rcmrdic�pravidcd at Inw or
<br /> �.,.. cyuily,whcthcr or n�►1�xpressly ul furth.7hc+�cccptu�uc hy l.cndcr uf nny�.um in paymrnt ur��sirtiu 1 paymcnt un Il�r
<br /> � ' '' � ticcured Dcht ultcr thc hnl.mcc ix due ur is nccrlcnUed or ufter furcclosurc�mxecdings��rc tilc�!whnl l n��t conytitutc n
<br /> wnivcr uf I.�ndcr's ri�tht to rcquirc cumplew curc uf uny uxi�ting dufault.tiy not cxcrcir+tnK�my mmudy un(iruntur'n
<br />'•` ^ `' dcfitult.L.cndcr dacti nut wuivc I.Andcr's right to Iz�tur cnntiidcr thc�vcnt n deh►ult i(it cuntinucc ur hu p�xnx�igtiin.
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<br />;;�".''• 16. EXPk;lo1S[sS=ADVANCES ON CUV�NANT3s ATTOItN�YS'H�I:S;COI.I.ECTION CQST3,�xccpt when
<br />`��-��;`..� prohibited by luw,Gr�ntor agrees to pay all of L.ender'x exp�:nscx if Gruntor breaches uny covenant in thi�Security
<br /> -�}.�.�•�:-__� In�trument.Ci�xntor wlll al�n pay on demsnd any amount incurred by Ixnder for insurine,insgmctine,prescrvine or =_
<br /> .-n"'�''':,+�.;�; othenvfse protectins the Property and Lendcr's sccurity intcrtst.Thcsc expcnst;s will bear interest from the date of
<br />�;�,K�;f.,�v; thc payment until paId in full at the highest interest ratc in effect as provided in the terms ot the Secured Debt.
<br />�"� �'��'� Grantor agrees to pay all costs and expenscs incurred by I.ender in collecting,enforcing or protectingLender's rights
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<br /> =-�:��;• a' and remedies under this Security Instrument.This amount may include,but is not limited to, attorneys'tees,oourt
<br />'"'�°��`�`��' costs,and other legal expenses.This Security Instrument shall remain in eKect until released.Grentor agees to pay
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<br /> --� for any recordation costs of such release. _ _
<br />-�.�:.:.�.:.�� 17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES.As used in this section,(1)Environmental Law
<br />��-=���-���-^��� means.without limitation,the Comprehensive Environmental Response,Compensation and Lia�iliry Act (CERCLA, --
<br /> ������`��. �' 42 U.S.C.96(li et seq.),and all other federal,state and local laws,regutations,ordinances,court aders,attomey
<br />�''�:;: - general opinions ax i�terpvetive lettecs conceming the public health, safety,wclfare,envirortsae►eII or a hazardotts
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<br />�'--;;''� �'` substance;and(2}Hazardous Substance means any toxic,radioactive or hazarc�iei�s material,waste, molGutant or
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<br />—'��=�c�F{;`'`"�� , c�ataminant whicb has characteristics which render the substance dangerous or put�ptialiy dangerous to the publlc
<br /> ---'�`-�`'� � h��ith,safety.w�}fare or environment.'/'�e teren includes,without limitation,any substances debned as°hazardous
<br />�:��y� • •material,""toxic substances,""hazardaus�vaste"or•'hazardous substance"under any Environmental Law.
<br />_......,,..,,..,.�� Grantor represents,warrants and agrees that:
<br /> ---_�---- A. Except as previously disclosed and acknowledged in writing to I.ender,no Hazardous Sabstaax ix or wiU be
<br /> -=�r�-,�a� located.stored or released on or ip the Property.This restciction does not apply to�tti all quantities of
<br />—��'� Hazardous Substances that are generally recognized to be apprapriate for the nora►al us�and maintenance of
<br /> --;''r.�;� We Property.
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<br /> �,;�.,r,. B. Except as previously disclosed and acknowledged in writing to Lender.Grantor and every tenant have been,are,
<br /> ---=�'��:�':�`• and shall remain in full compHance with any appGcable Environmental Law. ,
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<br /> '"'-`="'-���`` C. Grantor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occuts on,
<br /> under ar about the Property ar there is a violation of any Environmental Law conceming the Pmpe.rty.la such
<br /> ��"�`-�� . an eveni,Grantor shall take all necessary remedial action in acwrdance with any EnvirorovnentalLaw.
<br /> __:�--'--� D. Grantor shall immediately notify l.ender in writing as soon as Grantor has reason to beiaeve there is any
<br /> --�;_;�� , pending or threatened invesNgatian,claim,or proceeding relating to the release or threatened release of any
<br />=sg,y;�.:��=••� Hazerdous Substence or the vlolation of any Enrironmental Law. --
<br />�;�,� ;;;�,�,r.;Y 18. CONDEMNATION.Grantor will give Lender prompt notice of any pending or threatcned action,by private or =
<br /> public entities to purchase or take any or alt of the Property through condemnation,eminent domain,or any other
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<br /> ___r,-�, >�•�.:_ means.Grantor authori�es Lender to iatervene In Grantor's name in any of the above dc�ibed aclions or clairns. --
<br /> -_��:�:� ; ;,. .; C3rantor assigns to Lender the proceeds of any award or claim for damages connected with a condernnation or other � °
<br /> _ •-••'��•-° taking of alI or any part of the Pruperty.Such proceeds shall be considered payments and will be applied as provided ia —
<br /> �'�`�_�:
<br />' '�� this Security Instrument.This asslgnr.ient of proceeds is subject to the tenns of any prior mortgagc,deed of uust, —
<br />=�;� ` � security agreement or other lien docvment. _-.
<br /> �;�• - - • 19 INSURANC�.Grantor shall keep Property insured against loss by firc. flood,theft and othcr hazards and risks —_
<br />--- �P��,nahlv a�cc�ciated with the Pronertv due to its riroe and lacation.This;nsurance shail be maintained in the amounts �
<br /> ��:=,.�` and for ttie periods that Lender requires.The insivance carrier providing the insurance shell be ct�asen by Grantor �;;�
<br />=°���''' '• subject to Lender's approval,which shall not be unrcasonably withhe(d. If Grantor fails to maintain the coverage
<br /> � '''; described above.Lender may,at Lender's option,obtain coverage to protect Ixnder's rights in the Property according
<br /> „�.
<br /> - ' � to the terms of this Sec�uity Instrument.
<br /> � ' All insurance policies and renewals sball be acceptable to Lender and shall include a standard"anortgage clause"and,
<br /> _� ' ,..�,,,,� ., , where applirable,"loss payee clause."Grantor s�ha19 immediately notify Lender of cancell�tiarn ur t�rmination of the
<br />— ;' �� �. insurance.Lender shall hav:e the right to hold the poli�7ea artd renewals. If[.ender requires.Gramtor shal� immediately
<br /> � ' give to Lender all receipts of paid premiums end renewal notices. Upon loss,Graneor shall give immnediate notice to .
<br />—.- the insurance carrier and L,ender.Lender may make proof of toss if nat made imsnediately by G�antmv.
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<br /> , p t996 8ankem Syctans.Ine.SL Gad.MN tt-000-387•2341)Fam NE-OT�NE 8�d86
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