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<br /> F`. , � ' �` ���` At the option of Beae�r3azY.aIl or any past of the agref�fees aad cha�ge.s, acaued 'utterrst and principal shaU beoome ,4' .
<br /> . .. 4 � , . immediately dae and payaD2e.after glving notice if required by law,aPoa the acanreuce of a def�It or anytime the�ter.
<br /> � `� `�'` In addition.Bffieficiar�►shail be entitled to all the remedies provIded by law.the Evidence.of Debt�other evideaces of debt, _ . �._ •
<br /> � � �°� , a.:.�..s Tnur on�l+mv related d�ca}ments includic�g withouf timmtation.the powet m sell the Property- .�" '�.�
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<br /> 1f there is a defauit,Tm.stee shall.ia add'ition W suy other pe�miued remedY,at the req�st of the Heneflciary,advectise aad , �.
<br /> . `. ! : p�pperty a3 a whole ar ia sepaiate pa�ls at pnblic aucHon to ihe Irighest bidder for cash and cnnveq absoinse tide + �° ,.
<br /> .;. ., .-: •.�:�,:t `f`. sell the Tn�stee shall�ve nouce . .e
<br /> .< . .,. free and ctear of all right.titte and intaest of lkustor at such time and place as Trustee designates. '�.J ,`°'.,-
<br /> - , �. of sale including ths time,terms�d pla�of sale aad a dQSCriptioa of the pmperty to be sold as required by die applicable
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<br /> - - taw in effecc at the time af the pt+�pased sale. .
<br /> ., `' Upoa sale of the P�P�Y�to the extent not pmlu'bited by laa+,Tmstee shall make and deliver a deed w the P�aperty sold ,. �. �_
<br /> . ` �., - w h i t 3�conv e y s absolate title w the pmchaser,aad after fust paqing a11 fe�s,charges aad costs.sball paq to Benefr�iaiy a11 ;:, F ; •.
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<br />' - t.:` • '. m,oaeys advancefl for repaas,�.ins�aan�e. 1i�s• ass���Pr�or e n c�t m L r a n c e s a n d i n t e�e s t t h e z e o n, a t W t h e ,
<br /> ' -'�" priacipal�d interesc oa[he Secared Debt,P8Ym8��PI����Y,w Trastor.Beneficia�9�Y P�e��OP�Y• ` ,
<br /> �,� ... _��`
<br /> '.�,. . The recItals in aay deed of oanveyanoe shali be prima fac'se�widenoe of the facts s�forth thecein. � _ ^
<br /> . . .. qtl re�edies aze distinct,c�ulauve�d not exclusive,ana the Benef c3a:y is entitted to all iemedies pmvided ai law or :'���n--��:�_
<br /> Of 8II Sf11II 111 OI 3I1121 1 �ir• •r •
<br /> �y,Rrg�tther�xpresslp set fosth or no�13ie acceptanoe by BeneficiarY Y P�t P P 9�oa the ` _ ..�--
<br /> s '`f`',:..���"� Seca�ed D e bt a ft e r the balauoe is dne or is aocelerated or after foroclos�ue pmceedings a�fited sball not coas6tute a waived � , __. _
<br /> ' ``':' of Bencficiary's right to iequire faU�d c�mptete auie of aay e�dstiag defaul�.Bq not e�ng any remedy on TmsWr's '�r' ---
<br /> F'� �� def�it,Be�eficiazY does nat waive Beneficiasy's right to later consider the event a defaalt if it conii�s or bappens aP,ain. '. ��� -
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<br /> ` ' I.. :' . 18.EJ�ENSFS;ADVANCES ON COVENAN!'St A1TOi2NEYS'1�EF�;COL�.EC�ION C031'S.Except whea prolu'bited . ..-`.;'s;°.---
<br /> _ ,._� cavenant in tbis DeEd of Tr+�s�Tivstor .
<br /> _. .�. :�:::.�,:.. by Lzw.Tivstor agcees w�aY all of B�ciary's expenses if 1Ynstor bre�es any _
<br />_ . •-- w71 also pay on demaad all of BeneSciary's expenses iae�ured ia�8,�a8•P��g or prntecting the PrnPeitY . : . '-
<br /> � . �r in an y iave�or�es.andits.insPec�oas or other exaa�oadon by Beneficeary in respect w the Property.'hustor ag�rees to f � �
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<br /> . - pay aU costs and expeases�ed by B�eficiars►la�aforcing or protecting Bene S c i a r Y's ri g h t s a n d r e m e d i e s t n a+d e r t h i s
<br /> � :.;o enses.Once the S�Debt ia '.•` `: ,'-`°---.� "
<br /> ' ,Y" Deed of Trost.including,but not limise�w,auomeys'fee.s,court costs.and other legdl exP �.�_ --.
<br /> ` fuliy aad fmaltY Paid,Beaefice�Y aS'r�s w telease this Deed of Trast and Trustor agrees to pay for a�recordanioa costs. f _
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<br /> � Ali such ammmts are dae on demand an�w�71 bear iritemst from the time of the advaaee at the highest rate in effe�t.fmm � __..�
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<br /> �r.� .. �me to rime,as PTOVided'm the Evideace of Debt and as petmitted by law. ,r�` --- _.
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<br /> . 19.E1WIItONMENTAL LAWS AND HAZAitDO�S 3[1BSTANCFS. As osed in d�is section, (1) "Envimnmental Law° .
<br /> ��:�.: :.: Campensation and Liab�ity Act(CERCLA 42 .
<br /> �=: . . means, witflout limitation, the ComPrehensive F.nvlronmental Response, , -:��'�F:,�:_-
<br /> . . U.S.C.9601 et seq.).a;l:.�,;f�..^s�l,°ttaste and local lawa.regulations.ordlnances.cuurt ordeis.attomey geneial opinions �- ..�a
<br />.;.' , ' � • or interpretive letters cnnceming the Pub1Ic health, safety. welfaze, environment or a harardons sabstance; and (2) - ---
<br /> ;,;�: " .
<br /> ' ' � "Ha7ardous Snbstance" means aay toxlc, radIoacdve or hazardous materIal, waste, Poltutant or contaminant which has . . --
<br /> ,- Ha ar �g�w the ublic health, safety. aelfaze or �s.: ,
<br /> *:::�:: .. -- �ara�eristics whic�render the su6stance dauger4us or potendai�Y. P :.�;-_=—-
<br /> z, , � • environmen�17te teim iacludes, withou113mitatiaD, any substauces defined as"�ard0us.material�° °toxfC snbs�c�s►" : -R�
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<br /> � ^hazardous waste or h�ardous sabstance"uader atry�nviromnental Law. Trustor represents,warrants and age+ees that. :, y.. :. : y.l.
<br /> � •' .. . . eacept as previously disclosed aad ackaowledged in wrlting: orted.manufacpued,ueated.refined,or haadted by :r:-`��'r
<br /> A. No Hazardous Substaace has been,is.or will be located.transp . - ._
<br /> ' � any person on,unQer or about the Prap�rty.except in We ordinary coutse of business aud ln saict wmpliance wIth . j'�-:s_
<br /> �.,,.
<br /> . . , all applicable Eavironmeutal Law. _
<br /> �'..�, � B. 'I'nistor has not and wUl not cause.wntrib�e to,or petmit the release of a�►Hazazdons S�bstance on the Property. :---- - ---
<br /> �;. , . C. Trustor will ima�ediately aotiPy Beneficiary if(1)a re2ease or threateaed re2ease of kiarardous S1abs►ance occurs on+� _�_
<br /> `- . � under or abonrthe Property or m3grates or threatens w mi8rate from nearbY Pmperty;or(2)there ia a violation of - `.. �
<br /> '� �� any Eoviro�ental Law conceming the Progerty.Ia such an event.Tivstor will take all necessarY mmedial action in � �� -�,-
<br /> q' � ' accordance aith Em�lronmental Law.
<br /> _;_ � � _ . . D. Trustor 6as no Isnowledge of or reason w belleve there is any pendlag or threaten� investigatioa. claim, or _
<br /> a.;� �... �� . , pracceding of any kind relating W(1)any Hazardous Substaace located on.uuder or about We Properiy:or(2)anq =-
<br /> .. violation by Tnutor or any teaaat of any Environmental Law.Tnistor will i�liately notify Beneficiary in wtlt�n8 _ . .
<br /> � � as soon as Trustor has reasoa to believe there�s any such Pendiag or th�tened inve��atton,claim,or pmceeding• .
<br /> � �' . . . � • In such an event,Benefictary has the ri�t,bnt not the abligation,to particlpate in any such proceediag includin8 th� . -
<br /> . , rip,ht w receive wpies of airy documents relating w auch procxedings. ,_ '
<br /> . . � � E. Tnistor and every tenant have been,are and shall remain in fa11 wmPliance with any applicable EnvIronmental law.
<br /> � . � g, There are no undergound atorage tanks,priwate d�unps or open wells located on or under the Property+and no such .
<br /> r�.��` _. ` � tank,dump or well will be added unless Ben�ciary first cansents in writing. ' ..
<br /> . ' ' G. Tn�stor wil1 regularly inspect tlie Pcoperty.mnnitor the activities aad operations on the Property,and confirm that � : ' ;.
<br /> •`` } ' � all permits,licenses or approvals required bY�Y aPPlicable Env�ronmental Law aze obta�ned aad compliecl with. . .
<br /> � ' • � H. Trustor will permit, or causc.any tenaat•�o pem�it, Beneficiary or Beaeficiary's sgent to enter and 9nspect tlie
<br /> � � . Property and review a11 records at any reasonable tjme to determine(1)the ex�stence, location and natute of any
<br /> ' . Ha7ardous Substance on, nnder or about the Property:(2) the exist pcemlacati 3j.W��er or noi T����e ny � -
<br /> ' � � ' Hazardous Substance that has been released on,under or about the Pro e Y � .
<br /> - � � teaant are ia compliance with applicable Environmentall.aw• � at Tnutor's e ense. to engage a qualified • ' � � �
<br /> ., :.� 1. Upon Beneflciary's request and at any time. 'I'rustor agrees xP • . .
<br /> � • environmeatal eng,iaeer to prepaze an environmental audit of the Property and to submit the resulta of such sudit to
<br /> - � . geneficiary. The choice of the environmental engineer who will perform such sudit is subject to Beneflciary's . .
<br /> :,'. ,. . .
<br /> . approval. � ..
<br /> � . . � ), geneficiary has the right. but not the obligation, to perform any of Tivstor's obligations under this section at , .
<br /> ' � � Trustor's expense. �
<br /> � � � • K. As a consequence of any breach of any re�:�esentation,wamanty or promise made in this section,(1)Tn�stor wiU
<br /> � � indemnify and hold Beneficiary and Beneficiary's successors or assigns harmless from and against all lossea�clalms,
<br /> � demaads, liabilities, damages, cieanup, response and renoediation costs, penatttes aad expenses, including without' . .
<br /> �r:.�:�' , lim9tation all costs of litigation and attomeys' fees, w�ich Beneflclary and Beneficlaiy's successors or assigns may _
<br /> sustain: and(2) at Beaeficlary's discretion, Beaeficiary may release rlus Deed of Tnut and in retum Tmstor will
<br /> . . provide Beneficiary with collateral of at least equal value to the Praperty s�xvred bY this Deed of Tmst arithout '
<br /> •• ' prejudice to any of Beneficiary's rights under this Deed of Trust. � � .
<br /> . . . . . • p • .'(�pQO O G1 6 - .
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<br />-�-�--. � � -,-_-���-. �� �01993 8ankors Svstams.Inc..St-Ciaxl.MN fl 300.397-23011 Form AG/CO-DT�NE 9/13/96 ----�-- ..-..=1 .
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