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<br /> 14. DEFAiJY.T.Truator wiU be in,d�pMq if�qy pitt,}►pplig�ted on the Sccured Debt fails to make payrrxnt when due. Truatar
<br /> will be in def�ult �f�b occu�.upde�Use tetq�e'of thle Securiry Inatn►ment or�ny other document exccatod for the
<br /> purpaat of croatlrt$,�ecut�d���q�y�ng,th�5�c.urpl p�bt. A good f�lth bellef by Beneficiary that Beneflcipry at any
<br /> time ie in�ecure w�th tapeet•!u�ny pKwnar eWity obligetod on the Securcd Debt or tlut the proapect of any p�yment ar
<br /> the value of the Pc+operty ia impdred ehall�lso constitute an event of defRUlt.
<br /> 1�. RE1I�DIFS ON D�FAiT1.T. In some inat�ace�, federd md suue law will requin Beneficluy to provide Truator wl�}t
<br /> nodce of the rlght to cure or other notiaa attd nuy establiah time schedulos for f�reclosute �cuom. Subjat to Ihae
<br /> limitatiana, lf �ny, Benefieiiuy may aceelecate the Securod Debt And toreclose this Security Instrument in a manner
<br /> provided by I�w if Trustor is in default.
<br /> At We optlan of Beneficluy, all or any part of the agread fas and chuges, acerued interest and principal sh�ll become
<br /> immedlateJy due apd p�y�ble, �fter giving notice if roquirod by law, upon tha occurrrna of a default ur nnytimo
<br /> thera�ftci�, In addiNaa, Beneficiary shnit be entitlal to all thc rrnrodics provtded by law, tho tecros of the Secured bebt,
<br /> wis securlcy tnacru,r�enc w�a any relaced documrncs,including wtthout limitation,the power to soll the Propecty.
<br /> If thero is e default,Trusta shall, in acldition to any other pemutted remedy, at therequest of tho Bene6ciary,advertise
<br /> � xnd sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey abaolute
<br /> title fra and ctar of all right.title and interest of'I'rustor at such time and place as Trusta designAtc�s,Trusta sh�ll give
<br /> notice of sale including the time, termg and place of sale smd A descripHon of the propeny to be sold u required by We
<br /> xpplicable law in effxt�t the time of the pxnposed ule.
<br /> Upon sale of We property and to the extent not prohibitod by law,Trusta shall make and deliver a dad to the Pmpaty
<br /> eold which conveye �bsolute dtle to the purchaser, And after first paying alt fas, chuges u�d oosta, shall �ty to
<br /> aeneficiery all moneys advanc,e�id for rcpairs, taxes, insurana, liens, nssessments and prior encumbrutc� and interest
<br /> thereun,�nnd the principal and interest an tbe Securcd Dobt, paying the su�plus. if any, to Tcustor.Brneficiary raay
<br /> purehasc tlle Froperty.'Ibe recit�la in any deod of conveyance shal!be prir►u facie evidence of the fncts s�t fo�th thenin,
<br /> All nmedisa ue di:tinct,cumulative and not excluaive,pnd the Beaeficiary is entidal to�11 remodies provldod u lew or
<br /> equity,whether or not expreaaly set forth.'Ihe acceptance by Betxficiary oP any aum in paymeat or paru�l prymeat on the
<br /> Secured Debt dter the b�l�nce is due or is acceleratod or after foreciosure proceedings are fil�ati�ll uot coaatitute a
<br /> waiver of Beaeficiary's right to roquire complete cure of aay existing defwit. By not excrcisin�any mnedy on Trus:or's
<br /> default,Heaeficiuy doe�aot waive Beneficluy's right to leter conaider tht event a defeult If it continuea or 6�pprne ag�in.
<br /> 16. EXPENSES; ADVANCES ON GC)VENAN!'S; ATTORNEYS' �'EES; COLLECTION C0.STS, Excspt when•
<br /> � p�mhihtr.,���!�!�•,, T•,��ier s�ro ps; �!! of Bt;:tEci:rr's YAg:.iiS::o" If Tiiibtui`viawuc8 iuly wvCi7apl lA i�lli SlCUt1S�
<br /> Luttutt�dot. '�'nutor will �lso pry on dem�nd aay amount tt�cttrred by Beneficiary for inaurin�, insper,yln�.preaervu'�g or
<br /> otl�erwiae•���tLe Propetty wd Ba�eficiuy'�security iatereat. '[7xte expe�es will bc�r tntaeat fran tf�e due of tl�c.
<br /> , paymeat until�pnid 7n full u the high4s4 intereat r�te in effect ar provlded in tbe ta�rtu of the Sa;ucod Debe. TruaWr agrc�s
<br /> �to pa. �11 caata and eapenaea incuned b Beoeficiary in coUectiag, eaforcing or protecting 8enefxiary's righta ancl .
<br /> ea��under d►is Security Inatn�mcnt,�is unount may wclude,lwt ie not limi.ted to, attorneys'foea,wurt costs,�d
<br /> " oWer !eg�I expenea. Thu Security Insuument sh�ll mtuin in effect until nleaeed. Tnistor Agrep to pay for �ay
<br /> recordntioa cate of such release.
<br /> 1'7. ENVIRONMENTAL LAWS AND HAZAItDOUS SUBSTANCBS. A� uaad in thic ietxion, (1) Pavimnmeata! I,aw
<br /> mana, without limitatioa, the CompTeh�naive �avironmenul ReaponK, Coinpa�adon aad I,i�bility Act (CERCLA, 42
<br /> U.S.C. 9601 et se�.), and�11 other.federal,state and locnl laws, regulatlons, ocdin�ucxs, oourc order�,suto
<br /> opmiau or i,nterpretive le!ters coac��C►ing the public halth,e�fety.welfu�e,a�vimomat or a huArdous mbaun�ce;gaad�(2
<br /> Hazudou� Stibttaace mans auy wzlc, rsdioactive or huudoua nuteri�l, vrASte� poIluuat or contsiminant which da�
<br /> c3�n�xeti:dca which tender tl�e aubeuuux dwgeroua or potenti�lly d�agerous to tLe publlc halth. ufeiy, welfare or
<br /> mvliooment; 7be temt 3ncludes, without llmiUUion, aay subat�naa deficxd�s "hazardous maten�l," "toxic subatancp,"
<br /> 'h�zudoi�►waate"or"huudoua subatancx"under any Eavirorunenul Lw.
<br /> Tiustor c+eprc�ent�� w�rr�mu�ad egrev�a lhat: ' � '•
<br /> A.Excxpt �previously discloeed uxl �clmowkadged ia writing to &aeficiary, no Hazardous S�bst�pce is or will be
<br /> locatai. stored or nlwod ou or in the Aroperty. Thie reatriction dod not ap ly to emall'quuatities of�iwrdoua
<br /> Stib�c�acea that ue genet�lly rewgnized to bc apprnpriue for the nontwl uee�maintsn4nce of tbe Ptoperty.
<br /> B.Bx t a�previou:ly diaclosed snd,�cknowledgod ia writia�to Bauflciuy.Trustor uW every teu�nt tuve been,�re,
<br /> and�l raaain in full co lian�e.with an applicable EnvuonmeuW I.xw.
<br /> C.Truator atWl immodiuely n�otify 13enefici� if�rele�se or thn�ue��ed cele�e of a H�zardow Subtanoc occun on,
<br /> under or about the Prnpe�ty or thete ia a violuion of aay Envimnnneatal Iaw conoemin�We In auc�an
<br /> evr,nt,Tnuwr tE�a1l.Wce all necrasuy remedial•�ctlon in a000rd�oce aith�ny Envlronasratal Law�y.
<br /> D.TnisWr e6a11 imnedlately notify Beneficiuy in writing�a twon�e Tcuttur luit raton to believe ther�ia uay�
<br /> or tturateaed lave,yda�uon, clalm, or proceeding relating to the nlwe or thrcateoed releue of an H
<br /> Subat�txx or tLe viol�tlon of amy Bnvironmdnai Law.
<br /> ls. COND�MJ+f,�TiON.Tniswr wip ive Henefrcitry prom�t not�a of�ny pwdin�or t2ueatet�ed actioa, by privat�orpublk
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<br />, eatitia�to;purc.�ue or taice my or 1 of the Property Wraigh oonddnnuion,amnent dom�in,or aay otber.mana,Trurtor
<br /> � autboriza•Beaeficiary to Intervau in Truator'a nune in u►y of the above ddcribai �ctiona or cl�iau. 'Itustor�atigat to
<br /> HcneBcluy the pmceeds of any�wud nr c1�im for damagea copnected with a oondemnauoa or ottkr Wdng of all or any
<br /> p� of the.Property, Such procxe�ls shall be consid�aed ptyroaua uxf wili be appliad as provided In this Security
<br /> It�t.Thls ass�gnn�eut of procecds!s subject to the terros of any prior mortg�ge,deod of tcutt,security�g�+eement or
<br /> other liea�ilrxiwnent.
<br /> l9. INS[JRANCE.Tn�stor eh�ll keep Property insured ngnioat loss by fire,flood,theft and other h�zarde and r;sic�rasonably
<br /> sseociated with the Property due to its type and locuion. Tttis inaurujce sh�ll be m�intained in the amounts and for the
<br /> perlals tluu Beneficiuyrequires. The insur�nx carrier providing the inaurance sh�ll be chosen by ltustor subject to
<br /> Heaeflciary'a �pproval, which ahall not be unrason�bly wiWheld, If Trustor f�ils to maintin �he c�,venee �.�a�
<br /> ai�ove. e�axnc�uy rruy, a�nene��ciaty`s opnon,obtain covertge to protect BeneCkiuy's riRhts in the Prqxity aocoMing
<br /> ►u ilte icn„�oi fh�s Secutity Instnunent. •
<br /> All ia�suru�cepolieid�nd zenew�ls sh�ll be table to Beneficiuy u�d shall[nclude a standard"mortgage c1�u�e" �nd,
<br /> where �pplicable, "losa paya clwx."Truator s dl irrunediuely notify Beneflciuy of cancellation or termLution of tLe
<br /> lnsuru�ce. Hea�ficiary shall havs the right to hold the polic�ea an� renew�ls. If &ne�ciuy requirp, 7�uator ihall
<br /> im�rodiuEly pive to Beneficiary all receipts of p�id premiums nnd renew�l noticea. Upon loa�, 7'rustor stWl gtve
<br /> lrtunedlue not�a to the inaurance csurier And Beneficiuy.Benefici�ry nuy m�ice proof of loss if not made immediuely by -
<br /> 'hustor.
<br /> OtP146Min�Sytt�,lnc„St CIOUO,MN It�O•��7•I3�11 Fam 11[•DT•fIC 10127It7
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