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� 200001127
<br /> Payments. Any Consumer Borrower on any Secured Debt that is an open end home equity plan fails to make a payment
<br /> when due.
<br /> Property. Any action or inaction by the Borrower or Trustor occurs that adversely affects the Property or Beneficiary's
<br /> rights in the Property. This includes, but is not limited to, the following: (a) Trustor fails to maintain required insurance
<br /> on the Property; (b) Trustor transfers the Property; (c) Trustor commits waste or otherwise destructively uses or fails to
<br /> maintain the Property such that the action or inaction adversely affects Beneficiary's security; (d) Trustar fails to pay ta�ces
<br /> on the Property or otherwise fails to act and thereby causes a hen to be filed agamst the Property that is senior to the lien
<br /> of this Security Instrument; (e) a sole Trustor dies; (� if more than one Trustor, any Trustor dies and Beneficiary's
<br /> security is adversely affected; (g)the Property is taken through eminent domain; (h) a judgment is filed against Trustor and
<br /> subjects Trustor and the Property to action that adversely affects Beneficiary's interest; ar (i) a priar lienholder forecloses
<br /> on the Property and as a result, Beneficiary's interest is adversely affected.
<br /> Executive Of�icers. Any Borrower is an executive officer of Beneficiary ar an affiliate and such Borrower becomes
<br /> indebted to Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws and
<br /> regulations.
<br /> 9. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms of this Security Instrument,
<br /> Beneficiary may accelerate the Secured Debt and foreclose this Securiry Instrument in a manner provided by 1•aw if Trustor
<br /> is in default. In some instances, federal and state law will require Beneficiary to provide Trustor with notice of the right to
<br /> cure, or other notices and may establish time schedules for foreclosure actions. Each Trustor requests a copy of any notice
<br /> of default and any notice of sale thereunder be mailed to each Trustor at the address provided in Section 1 above.
<br /> At the option of the Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall become
<br /> immediately due and payable, after giving notice if required by law, upon the occunence of a default ar anytime
<br /> thereafter.
<br /> If there is a default, Trustee shall, at the request of the Beneficiary, advertise and sell the Property as a whole or in
<br /> separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of all right, title
<br /> and mterest of Trustor at such time and place as Trustee designates. Trustee shall give notice of sale including the time,
<br /> terms and place of sale and a description of the property to be sold as required by the applicable law in effect at the time of
<br /> the proposed sale.
<br /> Upon sale of the property and to the extent not prohibited by law, Trustee shall make and deliver a deed to the Property
<br /> sold which conveys absolute title to the purchaser, and after first paying all fees, charges and costs, shall pay to
<br /> Beneficiary all moneys advanced far repairs, taxes, msurance, liens, assessments and prior encumbrances and interest
<br /> thereon, and the principal and interest on the Secured Debt, paying the surplus, if any, to Trustor. Beneficiary may
<br /> purchase the Property. The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therem.
<br /> The acceptance by Beneficiary of any sum in payment or partial payment on the Secured Debt after the balance is due or is
<br /> accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require complete
<br /> cure of any existing default. By not exercising any remedy on Trustor's default, Beneficiary does not waive Beneficiary's
<br /> right to later consider the event a default if it happens again.
<br /> 10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If Trustor breaches
<br /> any covenant in this Security Iistrument, Trustor agrees to pay all ex�enses Beneficiary incurs in performing such
<br /> covenants or protecting its secunty interest in the Property. Such expenses mclude, but are not limited to, fees incurred for
<br /> inspecting, preserving, or otherwise protecting the Property and Beneficiary's security interest. These expenses are payable
<br /> on demand and will bear interest from the date of payment until paid in full at the highest rate of interest in effect as
<br /> provided in the terms of the Secured Debt. Trustor agrees to pay all costs and expenses incurred by Beneficiary in
<br /> collecting, enforcing or protecting Beneficiary's rights and remedies under this Secunty Instrument. This amount may
<br /> include, but is not limited to, Trustee's fees, court costs, and other legal expenses. To the extent permitted by the United
<br /> States Bankruptcy Code, Trustor agrees to pay the reasonable attorneys' fees Beneficiary incurs to collect the Secured Debt
<br /> as awarded by any court exercising�urisdiction under the Bankruptcy Code. This Secunty Instrument shall remain in effect
<br /> until released. Trustor agrees to pay for any recordation costs of such release.
<br /> 11. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br /> means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42
<br /> U.S.C. 9601 et seq.), and all other federal, state and local laws, regulations, ordinances, court orders, attorney general
<br /> opimons or mterpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and(2)
<br /> Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has
<br /> characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or
<br /> environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances,"
<br /> "hazardous waste" or "hazardous substance" under any Environmental Law.
<br /> Trustor represents, warrants and agrees that:
<br /> A.Except as previously disclosed and acknowledged in writing to Beneficiary, no Hazardous Substance is or will be
<br /> located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous
<br /> Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property.
<br /> OO 1994 Bankers Systems,Inc.,St.Cloud,MN Form GT-OEMTGLZNE 4/24/99 ��y� GT'15-28-093(3/99) (Page 4 of 6)
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