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<br /> . • I.. Notwithstandina• �` � � rt�tn►6'e'contalned in this Dced of Tnist to thc contrary, thc tcrms of tt�is scction shall E:
<br />. '` survive ai�y foreclosurc or satisfaction of this dced of Trust regardless of any passagc oF title to Bencficiary or any °
<br /> , . � dis�wsition by E3encCiciary of any or all of thc Property. Any clwims nnd dcfenscs to thc contrary arc hcrcby waivcd. _.
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<br /> • '�;-� �-.•; 20. CONDEMNATION, Trustor will give BeneGceary prompt notice of any action,real or ►hreatencci, by private or public =
<br /> _� entitics to purcliasc or takc any or all of the Pro�xrty. fncluding any eascments. through condcmnation, eminant domain, _
<br /> or any othcr �neans. Tcustor further agrc,cs to notify BeneCciary of nny proceedinga instituted for the establishmsnt of any �`
<br />-�`� sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the Propeny or any part of it. .
<br />"-� Trustor authorizes[3enaficiary to intervene in Trustor's name in any of the above described actions or claims and to collect _
<br /> � and receive all sums resulting from the actiun or claim.Tnistor assigns to Heneflciary the proceeds of any award or claim _
<br /> for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be _
<br /> �� considercd payments and will bc applicd ns provided in this Decd of Trust. This assignment of proceeds is subject to the
<br /> terms of any prior sccurity agrccmcnt.
<br />_�:';;�'., 21.INSURANCE.Trusror ngrees to maintain insurstnce as follows:
<br /> �ry_'• A. Trustor shall kcep the Property insurcd against loss Uy fire, theft and othcr hlzards and risks rcasonably associatcd
<br /> - , with the Property due to its type and location. Other hazards and rusks may iuclude, for example,coverage against
<br /> ".��,:. loss due to floods ox flcx�ding. This insurana sh�ll be maintained in the amounts and fur the perlods that
<br />.• ' Beneficiary requires. The insurance carrier providing the insurancc shall be chosen by Trustor �uhjest to
<br />=�=.�•-``���'`•'� BeneCiciary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain tbe coverage
<br />__ ����'� ' described above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the
<br /> � Property according to the terms of this Deed of Tmst. �
<br />',' . , s'=
<br /> . •., All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard 'mortgage
<br />_.,r.t :.;,;• clause" and, where applicable, "beneGciary loss payee clause." Trustor shall immediately natify Beneficiary of
<br /> ;,�•c•�:T•��� cancellation or termination of the insurana. Benefciary shall have the right[o hold the palicies and renewals. If
<br /> � � % Beneficiary requires, Trustor shall immediately give to Beneficiary all rcceipts of paid premiums and renewal
<br />--�"�;;�' � nodces. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary. BeneCiciary may
<br /> r:;^�,,•.+� make proof of loss if not made immediately by Trustor.
<br />-- Unless Beneficiary and Trustor otherwise agree in writing, insurance proceeds shall be applied ro restoration or
<br />��:�.�,.�;;.� ., repair of the Property damaged if the restoration or repair is economically feasible and Beneficiary's security is not
<br /> '`'"'�:''`' {=� lessened. If the restoration or repair is not economically feasible or Deneficiary's security would be lessened, the
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<br /> �' • 4ns�sr�.ncP},r�,ceeds shnll 6e aoplied to the Secured Debt, whether or not then due, with any excess paid to Truator.
<br /> -��•��::c`�:z'° If Trustor abandans the Property, or docs not answcr within 30 days a noticc iTom isenei"iciary�na� inc inyuriuice
<br /> •- �Y•�t_
<br />-'��%�'�"µ• cazrier has offared to settle a claim, then&neficiary may collect the insurance proceeds..Beneficiary may use the
<br /> -°'-"^�� proc�eeds to repair or restore tha Propeny ar to pay the Secured Aebt whether or not then due. The 30•day period
<br /> ��A�'1''�,.-,�'"-� will begin when the notice is given.
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<br />--•�?�� Unless Beneftciary snd Trust�r otherwise agree in writing, any application of proceeds to principal shall not extend
<br /> ��.�..
<br />-�-�"�" ':� or postpone thc duc date af scheduled payments or chnnge thc amount�f the payments. If the Property is acqu�re
<br /> __.�y,.
<br /> := by Beneficiary,Trustor's right to any insuranee policies and proceeds resulting from damage to the Property be ote
<br /> `�- �rx ' the acquisition shall pass to Beneficiary to the extent of tlie Secured Debt immediately before the acquisition,
<br />«r��:�- �as an additional inEUrcd in
<br /> - ,;►i; ;� B. Trustor agras to maintain comprehens►ve general liebility insurance nazning Beneficiar�
<br /> �����_�'�• an amount acceptable ro Beneficiary, insuring against claims arising from any accident or cecurrence in or on the
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<br /> -=- C. Trustor agrees to maintain rental loss ur business interruptton insurance,as required by Beneficiery, in an unount
<br />�•�r�,�,��:�.-�� equal to at least coverage of ona year's debt service,and required escrow account d�posits(if agreed to separately
<br />�_,-,�?:,ti'�!� in writirig),under a form of poiicy acceptable to Bene�ciary, '
<br /> _ �.;=:�;,-
<br /> = 22.NO ESCROW FOR TAXES AND INSURANCE. Unless othcrwise provided in a separate agrcement, Trustor will not
<br /> '•i4'`�;• � be required to pay ro Beneficiary funds for taxes end insurance in escrow.
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<br /> ` r,�, � 23.FINANCIAL REPORTS ANU ADDITIONAL DOCUMENTS. Trustor will providc to Bcnefieiary upon rcqucst, nny
<br /> ;��`----•` financial statement or information Beneficiary may deern necessary. Trustor warrants that all financi�l statements and
<br /> ��gr...F-�.
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<br /> -:.�„j,;. information Trustor provides to Beneficiary are, or will be, accurate, carrect, and complete. rustor agrees o sign,
<br /> _=�"~•--��� deliver, and Cile as Beneficiary may reasonably request any additional documents or certifications that Reneficiary may
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<br /> _=- • considcr necessary to perfect,continue,and preserve Trustor's obligations under this Dced of Trust and Beneficiary's lten
<br /> ' . . status on the Propercy. If Trustor fails to do so,Beneficiary may sign,deliver,and file such documents or certificates in
<br /> . � Trustor's name uid Trustor hereby irrevocably appoints &neficiary or Br.net'iciary's agent as attorncy i» fact to do the
<br /> . things necessary to comply with this scction,
<br /> '�, 24.JOINT AND INDIVIDUAL LIABILITY;CO•SIGNERS; SUCCESSORS AND ASSIGNS IIOUND, A11 dutics under
<br />. tnis Deed of Trust are joint and individual. If Trustor signs this Decd of Trust but does not sign tlie Evidence of Debt,
<br /> � Trustor dces so only to mortgage Trustor's interest in the Property to secure payment of the Securcd Debt and'Trustor
<br /> does not agree lu lx: personally lixblc on the 5ecured Debt.Trustor agrees that BeneCciary and any party to this Ueed of
<br /> ' Trust may extend, modify or make any changc in the tcrms of this Deed of Trust or the Evidencc of Debt witliout
<br /> T►vstor's consent.Such a change will not release'frus�or from the terms of tl�is Deed of Trust. Tlie dutics and Uenefits of
<br /> this Deed of Trust shall bind and benefit the success�rs and assigns of Trustor and Beneficiary.
<br /> - . lf this Dee;d of Trust secures a guaranty bet�vicen Beneficiary and Trusror and does not directly secure the obligation which
<br /> is guarantied, Trustor agrees to waive any rights that may prevent Beneficiuy fram Uringing any action or claim agaic�st
<br /> _ _•�_ 'Trusror or any party indebted under the oUligation including, Uut not limited to,anti-de�ciency or one-action laws,
<br /> 25.APPLICABLE LA.W; SEVERAIIILITY; YNTERPRGTATION. This Dced of Trust is govcrncd by thc laws of thc
<br /> jurisdiction in wUich IIeneficiary is locatcd, cxccpt to thc cxtcnt othcrwise required Uy the laws of thc jurisdiction whcrc
<br /> ' the Property is located. This Deed of Trust is complete and fully integrated. This Deed of Trust may not be amended or
<br /> modi�ed by oral agrec�ticnt. Any section ur clause in this Deed of 'frust, attachments, or any agreement rclated to the
<br /> Secured Debt Ihnt conflicts with applicable law will not be effective,unless that law exUressly or impliedly percnits thc
<br /> variations by written agreement. If any section or c'.ause of this Deed of Ttust cannot be enforeed according ro its terms,
<br /> that section or clause will Uc severed and will not affect the enforccability of the remainder of this Deed of Trust.
<br /> Whenevcr used, thc singulsr shall indudc thc pl�ral and thc plural thc singular.Thc captious attd hcadings oF thc scctions
<br /> of this beed of Tntst are for convenience ouly and �►re not�o be used to interpret or define U�e terms of tliis Dced of Tnist.
<br /> Timc is of dte cssencc in this Dccd of'Prust. �� page G oI 6
<br /> - m 1993 penkoro Sv�roms,ine..S�.Gvud.MN I1�000�397•23�t1 Form AGiCO DT-NE i O��0�97 —
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