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<br /> executed for the purpose of creAting,securing or guarantying ihe Secured Debt. A gocid'faitl► belie by I..ender t at
<br /> Lendcr at any time is insecure with respect to any person or cntity obligated on Ihe Secu�ed Uebt or thut the prc�spe:ct
<br /> of any paymcn/or the value �f the Property is impaired shall also constitutc an cvcnt of dcfnult.
<br /> 15. REMF,DIES ON DEFAULT�In some instances,tedcral and stnte Inw will rcquirc I.�:nder to provide Grantor witt�
<br /> notia:of the right to cure or othcr noticcs and may cstablish timc schedulcs for forcclosurc actions.Suhject to thcsc
<br /> limitalions, if any,I.ender may accelerate the Secured Debt and fareclose this Security Instrument in u manner
<br /> providcd by law if Grantor is in dcfnult.
<br /> At the option of Lender,all or any pan oF thc agrced fces and charges,accrued intcrest and pnncipal shull bccomc
<br /> immediatcly due �nd payable,xtter giving notice if rcyuired by law, upon ttie occurrence of a defaull or onytime
<br /> thcrcafter. In addition,I.cndcr shall bc entidcd to all thc remedics providcd by law, the terms ot thc Sccurcd Debt,
<br /> this Security Instrument and any relatcd documents,including without limitation,the power to sell thc Properly.
<br /> If there is a default,Trustee shall,in addition to any other perniitted remcdy,nt thc rcyuest of thc Lendcr,advcrtise
<br /> and sell the Property as a whole or in separate parccls at public xuction to thc highest bidder for cxsh�nd cunvcy
<br /> absolute title free and clear of all right, titic and intcrest uf Geai�tur ut such timc and placc as Tru�lcc designetes.
<br /> Trustcc shall give nutice of sa�including thc timc,tcrmc and pl�icc of�:+Ic and a dcscription of thc pro�x:rty ro tx uild
<br /> as required by the applicablc law in eftccl at the timo o[the pro�seJ sulc.
<br /> Upon salc of thc praperty and to thc extcnt not prohibitcd hy It+w,7'rustcc shull mukc:mJ d�liti�vr a�dccd tu thc 1'ro�xrty
<br /> �Id which convcys at�u�lutc li�lc to thc purchuscr,and uftcr fint peying i�ll fccs,churgcs and cu,iy,�h+dl pay t�►I�:ndcr nll
<br /> moncys advanced fur repei�,tuxes,insurance,licns,nsr•e+.timents and prior encumhrancc�anJ intcrc�t thi�rcun,und Ihe
<br /> principal and intcrest on th�S�curcd ikbt,puying ihc surplus,if any,lo Cirantor. l,cnJcr may purchu+e thu PruFxrty,
<br /> Thc rccitals in ony�;eal uf�:unvcyancv sliall tk prima facie�vidcncc uf the factz:u:t forth lhcrcin.
<br /> All remeJies are distinct,cumul��ive and not exclusive,and the Le:nder iti entitled tu all rcmcdics�mvided at law or
<br /> equity,whether or nW expressly u:t[orth.Thc acccptance by L.cnder of any sum in payment or partial payment on the
<br /> Se�curcd Ucbl aftcr thc balancc is duc or is acccicrated or aftcr forcclosurc procccdings arc Gl�d shflll not constitutc a
<br /> waiver oF Lendcr's right to rcyuire complete cure of any existing detault.By not cxerc�sing any remcdy on Grnntor's
<br /> default,L.ender dces nnt waive l.ender's right to later consider the event a default if it continues or happens again.
<br /> 16. EXPENSES;ADVANCES ON COV�:NANTS; ATT�RNEYS' FEES;COLLECTION COSTS.Except when
<br /> prohibitcd by law,Grantor agrees to pay all of Lcnder's expenscs it Grantor brtachcs any covenant in this Security
<br /> Instrument.Grantor will alsa pay on demand any amount incurrcd by Lender for insuring,inspccting,preserving or
<br /> otherwise protecting the Property and Lender's security interest,'Il�cse expenses will bear interest from thc date of
<br /> tbe payment until paid in full at the highest interest rale in effect as provided in the terms of the Secured Debt,
<br /> Grantor.agrees to pay all costs and expenses incurred by Lender in collecting,enforcing or protecting L.ender's rights
<br /> and remedies under Zb�lecurity instrument.ihis amount may inciudc,oui is uut 3ii�iiicd t:.,a..;,=:,ey:' fee..°,s:cur!
<br /> casts,and other legal expenses.This Securiry lnstrument shall remain in etfect until released. Granta;agrees•to pay
<br /> for any[ewrdation ccrsts of such release.
<br /> 17. ENVIRONMENTAL LAWS AND HAZARDOU5 SUBST4#NCFS.As used in this secti�n,(1)Environmental].aw
<br /> means,without limitation, the Comprchensive Enviranmental,Response,Compensation and Liability Act(CERC�.A,
<br /> 42 U.S.C. 9601 et seq.),and all other federal,state and 1�a1 laws, regulations,ordinances, court orders,attorncy
<br /> � general opinions nr interpretive letters concerning the public health,safety,welfare,environment or a hazardous
<br /> substance;and (2)Ha�.ardous Substance means any toxic, radioactive or ha�ardous material, waste,pollutant ar
<br /> contaminant which has characteristics which render the sutntance dangerous or polentially dangerous to the publie
<br /> health,�'safety,welfare or environment.The term includes,without limitation,any substances defined ns"hazarduus
<br /> material;'"toxic substances,""hazardous waste"or"haza�rdous substance"under any Envirnnmental Law.
<br /> Grantor represents,warrants and agrees that:
<br /> A. Eaapt as previously dise:loscd and acknc�wledged in writing to L.ender,no Hazardous Substance is or will be
<br /> located, stored or released on or in the Peopexty.This restriction does not apply to small quantitics of
<br /> Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance of
<br /> the Ptoperty.
<br /> B. Except as previously disclosed and acknowledged in writing to L.cnder,Grantor and every tenant have been,are,
<br /> and shall remain in full compliance with any app�icable Environmental Law. �
<br /> C. Grantor shall immediately notify Lender if a releasc or threatened release of a Hazardow Substance occurs on,
<br />_ under or about the Property�r therc is a violation of any Environmenlal Iaw concerning thc Property.[n such
<br /> an event,Graator shall take all necessary remedial action in accordance with any Environmental Law.
<br /> A. Grantor shaU immediately notify L'endeT in writing as soon as Grantor has reason to belicve thero is any
<br /> . pending or threalened investigation,•c�Aim,or prexceding relating to the release or thrcatcned release of any
<br /> Hazardous Substance or the violation of any Environmental Law. � � �
<br /> ili. CONDEMNATION.Grantor will give Lender prompt hotice of any pending or threatened �clian,by private or
<br /> public entities to purchase or take any or all of the Pruperty thrnugh condemnation,eminent domain,or any other
<br /> means.Grantor authorizes Lender to intervenc in Grantor's namc in any of the above dcscribed actions or claims.
<br /> Grentor assigns to L,ender the prceccds of�any t►ward ar claim tor damages cocmected with a condemnation or othcr
<br /> taking of all or any part of the Property.Such proceeds shall be considered payments and will be applied as provided in
<br /> this Security instrument. "Iliis assignment of proceeds is subject ro the terms of any prior mortgage,deed of trust,
<br /> security agrecment or uther lien document.
<br /> 19. INSURANCE. Grantor �hall keep Property insured against loss by fire,flood,theft and other ha�.ards and risks
<br /> reau�nably associated with the Property due to its type and locution.This�nsurance shall be maintained in the amaunts
<br /> and for the periods that Lender reqmres.The insurance carricr providing thc insurance s�all be chosen by Grantor
<br /> subject to Lcndcr's approvel, which shall not bc unrcasonably wrthhcld. If Gruntor fails to maintain thc covcragc
<br /> dcscribed above,L.�:ndcr rnay,at Lender's option,obtain covcrage to protcct Lendcr's rights in thc Propecty according
<br /> to thc tcrms o[this Sccurity Instrument.
<br /> All insurance policies and renewals shall be acceptable to Lc:ndcr and shall includc a stendard"mortgage claus�;"and,
<br /> whcre applicable,"Ivss payce clause."Grantor shall immcdiatcly notify Lcndcr of cancellution or tcrmination of thc
<br /> insurance.Lendcr shall have the right to hold thc policies and renewais.If Lcnder requires,Grantor shall immediately
<br /> givc to Lcnder all receipts of paid premiums and rencwal noticcs.Upon los.s,Grantor shall givc immediate notice to
<br /> thc insurance carricr and Lendcr.Lendcr may make proof of loss if not made immcdiatcly by Grantor.
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<br /> O 1VB1 Banken Syq�nx.Int..SI.CbA.MN(�-000�1Y7-YJI1)Fpm RE•Ut•NE B'fiN4
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