|
TUN -15 -2000 1342 LIS BPW QLIFILITY CONTROL 612 973 6200 P.04i14
<br />77, LENDER S RKiHT To CO�GE ON DEFEND LEGAL ACTIDNti. Grantor aihei irrradfetaq( orovw L now with written, of any actual a
<br />thrwterted action, suit, a tidier praoadrq Meeting the Properly. Grantor Iaereby q W!RS Lender as its mterieYan-fad to o7lMlenra, krrtrhera h, and
<br />dollnd such arlllons, sups. or Other NOW Ovm'dnps and to oompronisa a settle try drm or cordrwwsy petteirang tlnrata. Lander shat not be l able to
<br />(thane► for am a0lon. error, rnasaka, omaslon or dWy pwmNtssthpp to ft actions described in tfis Paapntph a any derna g" tosithc0 therefrom � +9
<br />donfoi ed haheh wR pnvat Larrner homuldni; the adlons dm= In this pnsroW*h h Its own name.
<br />12. INDEIMMATXK Lender anal not aemm Or b raRhOmbt for IM parfanrranao of any of Qrwtaore obiga0as with romped to the Property under
<br />any CXOUnrwarxls. Grantor shat lnlrnatooify provide Lander with wrtlsn a d and kldelraNty and hold Wider and As shareholders, dka ' , oficors.
<br />entployaes and aPats hwriaa from err delfts. donaps, iabiiles (Including attorneys' teas and legal a PKI41aa). aataea of aakaL cowl, aria and
<br />other legal pwoe** a (-RWM sly "sterna") perrairkl0 ia PraWv (InEIeft but not WriW to, those lino." iiailydous I�/ AW Wi). Grantor. Upon
<br />the request d Under, shat hie ft* odifsal to dsierd from wrdh 0iakns. and pay to atbrtMys' fees *Wmm and tint ,toss inoufrad in
<br />eorneciian torowith. In the alNrrallve, Larder" be eMAled m erpay its own hgO aoumal to ilo n such Cbhts At Qra tors coal. Gmnfors
<br />ohapalion to hdsmify Londe' Wdar this pmagraphh dial amour the swim w, relowe or faadamun of this Deed of Twat.
<br />11 TAXES AND ASSO MMM (amnion shah pay so tame and anessrtents falalhg to Properly when do and mwrnetftdWy Provide Lander evidarce,
<br />at payrrwt d urns. upon to m*" of Lads. Gr@nW shat depoah win Larder each rrnontt one- Wieflh (1/12) of the *O*r Mdpaarynuaall insurance
<br />ass tow
<br />aide Incur sits Eagl fewhiating a flaaProp". In tla�avm oof clefoull, IJ~ S hm the rid . 0 free ad& ooption to � the hire so hoW to
<br />pay try taxes or against to Obfosll". My herds applied rMy, at Landers option, be appM in revaraa orUar of On due data accred.
<br />14, WWW710N OF M MpMM, SOOKS. mm== AND REPORTS Graray shat allow Under or Its a0ente to axrrnina acrd inspect the Property
<br />and exernkio. kwped and malty axhpes of Grantor's books and records patairip to the Property from Nme to fime, Grantor shall proAds any assMance,
<br />required �y Lander for theca purpoMS. All of the and hfarrrsdlan oonlaNed h t3rermrs books and racarda shat txi Oeiariha. true. aoarale en4
<br />carplete kt ai raspwta. Oranla► shall note tFN �af Lartdst'a baraidal kWrast in ((f: Dooke and control paWrtktp to the Praparty. Adddand(y.
<br />Grantor shat report, h a tam sealebdory a l,rnrlsr. suds hlarMitrh as lancer hTeY et regertahy Citaritor'c tiharJal txhrration err the Property. The
<br />hhamrsim futriated C9ramlartda sftel baba Inca �d� in resPaotbs and siprrd by aranta Lander ragwas.�Y dad8nm. Ali
<br />1114 ESTOPPEL CO"ICATES, bVlMin tan (10) days after any roquea by Lai da!, Grantor stmt delver to Lacier, or arty intended transferee of Lender's
<br />rights wtth rasped to fie Obligations, a Wgrad and admowledped staenat sparafyinp (a) tfio oufitalcfrng htiatoe a, to Obligations; and (b) whether
<br />Grantor possesses arty cldme, defaces, set -alts or acwtordakrs with respect io to Obllpeaar a and. If so. ifte nature of such chime dalenses, set -offs or
<br />cou lordakrs. Grantor will be oonolu** hound by mW representation 11W Lander may alone to to I nailed hanedera wkh romped to thew maters in
<br />the event oral Orenktr labs to provide the requested wearrom in a tlnwly Mannar.
<br />111. DEFAULT. Grantor shat be in deleult under this Dead of Tmd and the Trustee's power and beoorte op nsi va in the was that Qnmtor, Demmer or
<br />try guarantor of the Obligations:
<br />(a) fails to pay any Oblitalion to Under when dua;
<br />(b) tail to pentane arty Obigstm or breadaa any warraty or ocvenent 10 Lander contained in ilia Dead of Test or arty cow preset or hXJM
<br />agreansrd:
<br />(c) destroys, loses or images the Propedy in any nrsdertd rasped or sihims the Propom to seizure, conaatatlon, or conderrsmion:
<br />(d) seeks to roval kwrrk to or otherwise ihit its iabiky under anty guwmY to Larder
<br />(a) dies, hectares bpaly Inoorrpelem, is &solved or ton irndad, becorrss insoku t, makes an aasign+hant for the bwwfk d ondton, tail to Pay
<br />debris as they becone due, an a petition urrs►tte federal btnlivrWry hm has in kWokxtary pegian in baoauptoy flied in whkdt Granla, 8on4Bwar
<br />or any guarantor is craned, or has property tole n under any wrk or process of court:
<br />(f) allows goods to bo uesd, utsporW or stand on the Prop" tom pouasam, tre sponat1w or use of which, is fto;
<br />(g) slows my Party Q#W than Grantor a Borrower to assun'ns or ut(Ach" any Obigafah wilhout the written consent of Lander; or
<br />(h) causes Landt to doom hsaM insecure due to a significant aisc6ha In to value of the Prtn *W. or it Under, in good faith, for any reason, behoves
<br />MW free prospect of payrnat or pthrlarvmna M hpskad.
<br />17. fIMM OF LENDER ON DEFAULT, ff two Is a &W* urler ilia Dead of Trust, Larder shat be arsided to exercise are of iron of is Wowing
<br />ronmdes wnhaA ncrtoe or densd (aoospt as required by law):
<br />(a) to dsdare 1tw ObKpdiac hnadiatily due and Payable in full;
<br />(b) to O�tled to autstandirnp Obligations With Of Wltnmt -wring b jh &W Proeas;
<br />(c) to require Grantor to dskva' and shale AnreI — to Lander try pansad property or C hatials conethatiV the Property ai a piece reescnabry
<br />convenient to Grantor and Lander: of a raoei car and a Landers
<br />(d) to after upon and talc& pesmasion d the Property without epPl*g for or w he apP� °Pion, to
<br />appoint a rocoiva WOW W bond, without first bnktEing sit on the Obigabra and wkhat 01herwhe nheethg any slaftaary aid Ions egordh a
<br />reoa(vms 4 being inia ded that Lo dor shall toe this corNaobld right to appoint a reoeiv ',
<br />(a) to employ a maaghg Agers of the Property And hit to sent, sitter h Trustee's iron nano, W ate non o e der a in t e nems of Grantor, and
<br />receive the rands, incenw, Iowa std prole of tto Property And apply the urns, after prymerht of all necessary charges and exPmsea, on accow d
<br />the Obipilam;
<br />(0 to pay Any suns in any form or. wow do@mW tnpedrent by Laden to vO W the security of this Deed of Trust or to cue any default vier Ilan
<br />peyrrmnt at interest or principal an to Obigatiorw;
<br />(g) ro faradic" his Dad of Tnnl Oddaly or nmpddsiry and to area the 00 of to property through exercaa of the power of We as nfara,a.d in
<br />Paagrapfi 20 hereof in aoaordarm wilt appio0m, taw;
<br />(h) to sef-oM Grantor's Oblgaill aW" any ,mists owed Grantor by Lender Including. bbl not liniwd to, nenios, Instruments, and deposit
<br />2cco ntc rtakaaked with Lads or Any currently adskng or More of dice of I~. and
<br />(i) to atterda All other 0" aveloble to Lander wider any ctsr writiai aproaram or applicable law.
<br />Lenders right; an turnuIA w and rray be oxacised log" separately. acrd In any order. In tie evert to Larder hetkues an aoaon seekhg the
<br />rectrwry oT Any of the Property way d a pnjtie%rtrt randy h an Action against C3mar. araittor walwa Me posting of any bond which fright
<br />Otherwise be nquked Lander err s d1sl�we rtay orrohaea the Propany art sty :Ale. Proceeds of ay Tama s ub tahwanda dAl be applied
<br />ietha d wb anohiaki0 the b h one panoet. or n such parcels mama a ardor es Under h Ns sole dacrellan hey aleoL end one d more a of the poaw 1hrtNn g►ait.d
<br />shat not axkngulsh or exhaust tlw gonna hshbss the antk0 property k add a its aftlipat ens are paid h full.
<br />1a. TMMTfEKS EXEMNSE OF POVM OF SALE ON DEFAULT: 0 Under elsde a ai QmnWs insnst In tta Property by exorcise of tta power of
<br />sale ltereh mnshmd. Lando stall ndlfy TnoWn in the merhner tort requited by bur.
<br />Upon me* of such notice of Lander And at the enaction of Larder. Tnser shelf Due to be retordeQ published and doliwred such room of rblaul(
<br />and no of two as may than he ragohad by law and by this Deed of Truce. Tnwt" end. only a the di eaion of Lender aid whriaut demand on Grams.
<br />afar such tfma as may than be requirod by law and Atom rowdmion of such notion of delwk and offer rake or sale having bean riven as required by law.
<br />WI the property at tho firm And ON& of sic (bead by it in much notice of sale, either as whole or in soparm bs or paods or tarts as Colder shall dean
<br />oModkm End h men a" as it Trey demrrrira, at public a wfim to tom MOW bidder for rash in WWU ortoy d to f 1Ned Sun" payable err it* thte of
<br />s", or u ottherwiso rray than be Mq*od by law, Trustee 00 dohme to such purchaser or Piadw m taroof is good and SUM&M dead or doss
<br />atnvwAV the property so sod, but witnW any eonnan or wanaty. ge� or intpled, The rodlala h much dood of any matisi , or bps shalt be
<br />co nck 3W9 prod of too fruthfuknoss thaed. My WJW1
<br />M. wihaulahifri{aaaft, Grata. Tnista a Lads, may purchase a ooh Bale. Tnrsaa may
<br />in the nwvw provided by haw postpone tab of all or try portion d to Property.
<br />1 A RMEST FOR h) MES: Grantor reghteate then a copy of any nnotim of datadt and a copy of any notice d solo hereunder ban to each person
<br />who k: a party haroao at rho adders of such person est forth how at the Said tore and h tta sane fresher rswhw as though a agpafatA request thsred
<br />had boon f led by each such parson.
<br />NiDOM Mr. 1217 PW300
<br />0
<br />O
<br />00
<br />la'ti
<br />
|