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<br /> �..... - �' ����Q i T�ra.St`�"co B�e�aa�Y�r�3► . ' ,E�'
<br /> � B.All faAU�e advaaces fmm BeneSciar9 w�r or other funue obl�8auons Q •,_.� ':, ' � .",..�:
<br /> ` ty nou.wntract,gaatantq•or other evidence of d�t eaocuted by TmsYOr in favor of B�,6�re�
<br /> Iastsameat wh�thex or not tLis Secauiry Iast[nment is spec�fica11��9Bd'w�l s�eaue a11 fatare
<br /> � , - after��tt�is 3�iry ectfi ''� . , .,
<br /> �t ` s� this Se�arity,Insaament, each TnsstQr agt�s that tl�s Se�viit3► or�y one or mnie Ttnsu�r `- '� `
<br /> �vaaces asd fabue ob' oas tbat aze givea to ar incumd bY s�►Y one ar more T�nstor.�even thaug�a11 , ..
<br /> � and athe[s.Atl fnture a�vaaces�a�af�uedva��es�°�an s�by�,tWs'�S�s�ated as if made on t�dare �. . .. .
<br /> ,`. '�F or part may not yet be advansed. and Qtflet thttue ob�i �make adtgtlanal or
<br /> Ins�ent shall coammte a o�min�t �..
<br /> � .: uf this Seauity I�.�o������tment mnsc be a�d to in a sepaiatewnung� ' . . .. .
<br /> < -' f a m r e l a a a s o r a d v a a c e s Y to d►e e a c e n t n o t PTahb i t e d b y l a w i n c l a d i n s�
<br /> _ `=°=� C.All obligat�ong'l'iuswr owes w BeneSciaiy,w�ich may latei arise, �r - ;- -
<br /> . � bnt nnt Irmited to, liabilities for ove�rafts ieiat� to a�►9 8�t aoc�unt � be�n , .
<br /> Y�.[
<br /> � .. , D.AU ad�onal sums advauced andex�c ins�ed b Beae&is�Y�r�'p�e�ar othezwise pmtectin$ � • �
<br /> t�et�samy and eapenses incuc�ed by Benefcc�ary�der the temus of t3us
<br /> ptoperty and itg vahie sud�ny u t,
<br /> , � . S�ecunttp jnst�t�meat- ; . ..
<br /> � This Sewrity��wIU not secare anY other debt if Bene£�ciar9 fails w S�'e anY re4°'�notice of the right of _, : .--
<br /> � "
<br /> �on. ` �, _._
<br /> 5. �AYNIENTS.Tlnsror agc�ees that a11�Y°lents�d�r the Secaced Debt w�l be paid when dae an�in as�dance wltD the ' _�-
<br /> � ! F :�,�
<br /> t2II�S Of 1hC$C�RTEd�CjII 2D$f�ILS$CtIIIl[9 T05�2A�. r�. � x s;.,
<br /> - 6. W A R R A N�Y OF TITIE.Trastor waaants tbat Tiaswr is or���Y�9��T 1°������Pa�wet of _
<br /> , . Ssale�Tiasto�r a�tso�ova ian��t ttt�e��Pr�ogtertY°#,��bluneyn�mbe�+e�cept for eac�brances of record. ��`.�:;�.,:.,:-.
<br /> asDer mortgage,de�ed of taa�t,seauitY agceement or o�er�ien � ".
<br /> y. PRIOR�B�TS•With regard co su�► '
<br /> ".'�°f document tLat created a pIIOr secant9 iat�t os encAmti�aase oII thePropertY,T�r Sgre� � , `
<br /> � -- A.To make aI!PaYmenls whea dne and to perfo�or o�p1y with all oavenants. �sF,`�-
<br /> � .._ B.To pr�ptly de�ver w Beuefictasy aay nofu�es that Trustor�eives fmG�.►8te,h,,o1.�,d,,.e,r,,.�.��f1p nnte or agteement .. .'�: . -'
<br /> aD �4�61iYa+�w.� 7 •.S�.:t�=-�
<br />= C.Nat to a�nw a�modificadon or wueusion o$ nor to reqaest Y .. ••�.;�
<br /> withont B�efcisiy' prlor wnuen conse�. '•-'•'��F�•�
<br /> . • � scca�i 6y tbe iten docamens S ,;,�.;ry sr,:•--• _
<br /> . pa ass�ents liens enaimbiances,Iease Papments+gcoand rents► :>�t,��lr�.;..'>_�_
<br /> .... ... g, CLAIM�AGAIl�IS°P TITId.' Tzustor w�l� Y� ��en dne.8 ,eneh'ciary maY��t0 P�e to Bensf,sciary ..;�ri%"-�.`''�.=�=
<br /> . . _ � ut�it�es,aad other charges ralatinB to the Propetty .l•�o S�y��,Trastor wIlll defead WIe w �� --
<br /> � capi�s of all t�otice.s d�at snc�amoimts aie dae-and tbe tecqipts ev�denci� .�ar a� � a�ga� .�,� ��r:
<br /> ; g�e property�nst cla�ms 8�at w���oi defen��s STm�sW�may�e�agaiast P���PPIpla6or -r::,:., ��
<br /> as �bp Beffifida:y,
<br /> ;,�� - . a�i��a�w mainmiu or unprave the Propesc9• - �
<br /> `"..Y,,,.; , n��f
<br /> �`_� ?-��"`, � 9. YDUE ON SAIdj OR EN�CE.BeneSciat9 maY+St ItS Opdon,declaie�e eutire balancc of ttte Ses�.�Debt to -;.i:s�j3:r.:--
<br /> j " � �`, be immEdiatetY due and ayable upon the creadon o�or conuact for the creadon of lien.enc�b�e.�nder or ,,.k,:Y
<br /> , � . �� sale of the PmpErt9.�nght�s sabject to the�cdoas imposed by federal law�12�.F.R.591),as� Ie.'I4�is ','`�'1 _�._
<br /> � coverr�nt shall ma with theYrflpert9 a�sl sball remain iu e�ect una'1 the Secared Debt is paid in�all aacCthis S�aritY ;.,�.f „�•�
<br /> _ . Ins�aent is seleased. ��,+''':�r:�� -_
<br /> � • ' 10.PROYIItTY CONDITION,A�TIIiATIONS AND INSPECTION.Ttustor wiri keep the PraperiY in8oad c�ditEon. . -�.:�
<br /> 31t3 tbat STB IC830DSb1Y ACOCS�� �� S�ll IIOt CO�t OI�OW � TNStOI 8$LCCS ib3�thC ;; �``
<br /> - " ��n��rtq �Z Will iceEp�DE 1'IOperty f�ee of nn�dous weeds �• -
<br /> - ---=��� natare of the occapancY andase w�i not sabstantiallY chanSe withouc BeneFw-'�ary's�rior�n.�sgn:ent.T�stor witl nni . .� ��
<br /> - ,::% pe�it aay change ia�p uoe�se.reso�ve cavenan�or�s�ent withflnt BeneS�'Sand�of�anp lo.��or d�age w� �.��,�_�.
<br /> ` :, ,'�. nodfy BeneSciary of 811 de�mands, pmcee�lin8s+�l�ms• and acdons against
<br /> •� :1; Pt+OPet[Y• � �i.
<br /> ' . � Beaeflc�' yor Beneficiasy'sagents geay.at Beaefi ia�y's opdon,enter the Property at any reasonable time fot the 8 � — _
<br /> � � .� .-��:� , of i n s pecttn8 tlte ProP�P. Beneficaa�9 st�a11 gi�►e Tn�s�or nntice at the dme of or before an�on sfo��t - -
<br /> � '' reasonable��pc�pose for the insce��. �Y ��on of the �rty s h a ll b e e n t i r ely for Bene c l a t y's 1 ene and � -T _
<br /> Tiustor willln-ao way rely on Senef ciary's inspecaon ' :._
<br /> ast
<br /> • � � ' ii.AUTHOR�Y TO 1'EIt�'ORM.If Tnutor faits w petfam�any dncy or any off ahe oovenanis contained in this Seca�ity ' ;^� �.�..
<br /> .4� - • �•i _ '
<br /> . ,,� �a�ent, genegciaty may, widiout nntice.Perfomi o=cause them to be perfaaned. TN.coor appoints Benefic�ary aa .f;- _ ,, .J--
<br /> e -
<br /> 3 . attomey ia fact to si�'IScasro='s n�ne or pay any amonnt n�Y�r P�m�auce..Beaefcia�9 s ri8ht to sm foi :.:.,�•���>� :.
<br /> _ . :.{ m4 wc�l not ptectude B�� ;��
<br /> T:u s t o r s b a U n o t c r e a t e an obli g aHon to perform.and Benefcciary's failare to perfo If co n�ri u c t�O a o n t t h e P r o '�. ,....
<br /> - � :-� ex an of BeneSda:y's oA�er rjg�its�der the law or tLis Sec�ritq Inst�en� e�Y F� . ..
<br /> . is�naed or not caaIed on ia a reasonab2e manner,BeneSclary may rage all stePs necessary w Pmtest�enefi�s . ,:;;,'�; ;.".
<br /> - seauiry ii►tere�st i n t h e P r o p e rt 5►,1 n c l u d i n g c a m P 2 e t i o n o f t b e c o n s t m c d o n. « : .. .: ,
<br />�-�� „ l2. A S S I G N N�N T O F I b A S E S MID RENTS.1Yustor irievocably grants, cum�eys and seIis to Tiastee. i n t:ast f ur t h o . . . . .
<br />� ' - � � b e n efit of Henefi c i a ry.as additional soca�itq all the right.dde a n d inte�est in and to any sad all e a i s t i n 8 or f a u u r e leases,
<br /> '-`s , snb2eases.and at►➢o t b e r w t i u en or v e r m a l a g r e e m e n t s f o r t h e u s e a n d a c c o Pancy o f a n p o rt i o n o f t h e P m p e rt y,inc l u d�n 8 . •..,.,. � ,
<br />,�; . any eatenslans reneavats►madifications or subsdtuflons of sach agreements(a1�re�to�'Leases')and rents,l s s a e s .
<br /> aad profits(a$referred w as 'Renta'). Tmstor w�l promPtlY rovide Benefic'�y Rnth t�ne aud coaect co ies of sU .:,,::,` .
<br /> n
<br /> - e�risting and�'ahue Leases.Trastor way collect,�ceive.enloy an�use the Re�s so long as T:astor�s not in de�t ander • .
<br /> �'` , the te�s of this Sei.rority Iashvment. '`!,'"� •
<br /> �� ..r:
<br /> - . Trustor acffiowtedges that this assignment ls perfected uPon the rrcordin�of this Deed of'�zost and that Beneficiary is ,
<br /> endtled to no6fy any of Tiustor's tenaats to make Dayment of Rents due or to become dae to BeneRciary. However. • • ..
<br /> � ' Benegciary a�s that only on default will Beneficiary notifY Trustor and Trustor's teuarss and make demand tbat all ... .
<br /> fudue Rents be Qaid d�ett to Beneficiary.On t+ecelving nouce of defanit.Tnr�r wiU endorse and deliver W BG�7� �
<br /> _ � any Dayment ofRents ia Tinsto:'s possesslon and will receive any Rents in t��in�S�ec�uit�y In�m mtent. i ' . ..
<br /> _ , the Rents wIthany other fomas.Any amounts collected wiU beappli�e�d as prov� � . . .
<br /> : watrants thae ao default e�s�t�h the�of tLe Leayses�and aPP'l�a�b�1e 1 wtcaant law.Tiostar also agrees to mainmin and 1 . .. . ,
<br /> f ; . r e q a i r�e a a y t e n a n s c o m D Y
<br /> . . l3. IbASF�i01ASi CONDOMIIVIUMS; PLAIVIQED U1VI7' DEVELOP1ViENTS. 'hastor agmrs, to ly,wlth the
<br />__ . • p r o v i s i o n 4 o f a�r l e a s e if th�s Secuiity lasm�ment is on a leasehold.lf the��ty incindes a unit m a��n�m�nium or a ' . ,
<br /> - p]anneA unit development.Tnutor wUl petfom�all of Tn�stor's dudes under co v e n a n t a,by-l a w s.o r r e g n l a t i o n q o f t h e _ .
<br /> = � c:ondominium or planned unit development. .
<br /> , ,,:�. . � 11� �egB o...///,///qqq, . . . � �
<br /> . � ptggd BmRan Syamrtu.�na..5�qau0.MN 11•80G397•23011 Fo�m RE�OT•NE 8/73188 � ���� • � .
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