|
�t 1u� � �i c v � ,;;f.t i 'r •�,� p�. t:Jn • '+C �••._:.__.f. ,�i,...••rw��....�..._.w.... .�_.�.. _... ... .
<br /> •'i i .1- •� -A,j�,,, t61-;i,l`t� S.,�t�. .�a '-��. .SV..i� ,�. .i.:..._...,::.;.+::F hr
<br /> :�d�an"s•..:i�:�r��. -i •;i •�."�.i ,c - . ._. _ .
<br /> .. . . .i, � . � . �. •.�. . .: .. - ,`' � ., � ..1'.. �.. .. i. ..',�y- . .
<br /> '�,:� :'`, ' _ .
<br /> .,. �ti� - .- . :r' •�i'
<br /> . '1�. 6'1
<br /> . . . ; �. 'j._. . 1 ...
<br /> � � . . � ' �
<br /> �
<br /> '��..
<br /> _ . , . ..�.'�a—.e.�' _ - �' � .. _..__.. 1 � ,. _. ' :
<br /> - .. . ' ..n..........._.__...__. .._._ _ _ _.._ � . _.._ .._. �t
<br /> :� �g_ �to��4�
<br />� H. All Q►wrc wivunres fmm Bcncticlnry ta T�ustar ur uthr.r Il��ura ubtipn�l�m�'ot'Trustat w Hrnrti�lory undcr any � ,
<br /> � prnmiss���y note, cnnt�act. guarnnty,�x othcr cvidcncc uP dcbt cxietln�l naw n�ix�wutcd aRcr thie Dccvl af'IYust
<br /> whctNer��r nut thla Dci�d�t'frust ig speclQcnlly ret'e�mct to in thc uvldcn�ut debt, ,
<br /> :� G. All abllgatlons Trustur uwc��u Rcaeficiary, whtch n��v exist�r mHy I�ter nrir�v, to �hc extcnt nat prohibtt�d by
<br /> _� inw� inctuding� but snt ilmitcY! ta, liAbilitica for ovcrdrntis rult;tit� t�� any da}�»it �:cuunt agrr�ment bctwcen __
<br /> ,. • � Trustor and i3cn�fietary.
<br /> 1�. A!!addltton�au�++�ndvonccd nnd axpenses fncunal by BcnetiriFry�far Insudn�,preservinp or�+thrrwlst pratecdn�t
<br /> thls R�nof 7'ru.t�p ue inta eat tytt thU hlghost�r tc�in cifir�fnm�timc i�meY�pr vld�ini�thc 6viden e ol �
<br /> � .��"�� Dcht. .,,
<br /> -- H, Trustar's perfomwnce under tho terms aP any 1ns�rumem evidenitilnp�debt by'tYustur ta Bencii�ic►ry und nny Oeed
<br /> of TNSt securinB,puarantyiag.or othorwise relatfnp ta the de6t,
<br /> ' If mora thnn ono persan slgnA this Dced of Trust ns Trustor. each'I17tstar ngrees that ihis Det.•d oti Trust�vlll sc�:um nil --
<br /> ` �.:l,. Nture udvaac�a und tLture obligntions described�bova thut nre piven t�ai iacurred by cu�y ano ar more Tcustox.or nny -
<br /> ont or more Trustor und othera,71�ie Deetl of Trust will not sccum any nthrr dc6t If Beaoflaiary i�ils,wlth n�spc�ct t��such
<br /> . ather debt.ta mnko uny mquircd disclosurc a6out thie Deed af Trust ar►i�8eneficituy Pnlis to gtve a.+�y rcquired noti��c of �;;_
<br /> �� tho dght of rescissian.
<br /> �' o rees t�mnke ail nymentfl an th�Secur�d 1?eibl��hen duo und in aoix►rdancc.•�i'ith thc termv of the ��,
<br /> S. I'AYMENT3.7'ruetar g P
<br /> � 6vidence af Debt or thts Deecl u5'itust. -
<br /> , ��. �� V1►pRRpNTY O�TiT1.E.Tn�toc eavenantfl tht�t Tcuator ia luwil�q)�a�.•lzed af tho eatute canveyc�i R+�this Deed of Tn�st �'_
<br /> '� und has the rigt►t to irravocnbly grant.convey und sell to Trusta:.ia ttust,with powor of sala� thw�:��+erty und wArcaats =-
<br /> R� that the Property la unencumbered,except for eiecumhrances of m�cotd. -
<br /> � 7. CLAIMS AGAINS'I"17TLE•Ttustar will pny all taues.asse.gaineau.liens.encumbrnnoES.leusa pAymenta. groun�9 r�nts� _
<br /> utilities. and athec charge9 reluiinp ta che P�vporiy when due. BetteiiN�tuy may re9u�re Trustar ta provide to BeAefielury =-_
<br /> � copies af�ll notices that euch tunounta ure duu and the recoipts evid�cing 7Yustor's pt►y�ncnt. Ttustti�r will dei��ud tlde ao -
<br /> _ ;� tho Arapecty against any clalms that would lmpnlr�h�lien of this Recd of Trust.Truatoc ngrees to a.9s�,n to Hene�iciary
<br /> r e qu�ted b y Beneficiary, any righte, clutnt�or defenses which 711i�car rtwy have 2�inst pauties n�Aa eupply labor or
<br /> � materials to lmprov$or mnlnt�in t hd P ropamr.
<br /> 8. �'ttiOR SECUR3'd'Y 1r1TERFSTB. With segnrd ta any other m�rt��e,deed of trust, security tt��nent ar other lien
<br /> ��, docwnent that cceuted a pilo;security iat�r�si�or encwnbrnace o�th�Property nnd lhnt mAy huve��i.�rity over ti�is Deed
<br /> of 71n�at�Teustor agcees:
<br /> .���.� A. To make�ill paycnrntn�vhcn dua ond ta porfocm�r r�.:�pfy wiiA till covonante.
<br /> ��r;?:�� ', B. To promptly deliver cce�aneftalnry+�ny nattces ths�i'ilrastar m�:elves frone tho hotder.
<br />�.y,{-i� �. �a����r�r��any mndifioatlon or extenaion of�Afld 104t IO fCQltC9l 0!BCCf(ft AI1Y 1Ut1111'N 0.�iVAACCA UI��'C1 A11y
<br /> -°- notd or agreenieni securcd by�the otho�martgAge�dce�i af�trust ar aecunry a�ne�neut u�t�o�a�ct�r�as� _
<br /> '.•�' in wdting.
<br /> ', ���'�� 9. DUE ON SAI.�OR ENCtJ1��BRANGE.Acnoflaiary m�y,at its op�ion,declure the entire balAnou of the 5ecured D�bt ta
<br /> �;,r;.:
<br /> I�(�Uf1��alOjy(Iiig BIUI PAYAIIIO UPOA u10 C1YtIIlIQi1 Of Aily IICA,encwnbrnnoe�trnasfer,or sule.ar contruct for Ar►y af these
<br /> � � � on the property. However� !f tho Proparty inaludes Tcustor's reaidmce, this section sha11 t�eubjcct to the resuictiona
<br />����+;�"� imposed by f�dernl law p2 C.F.R. S91)�u.g appllanblo. Fo:the pu�ses of tWa section�tho torm"PropeqtY"also includea
<br />'.°;zi+�. � uuy interest tu all or nny ptut af tho Proper�.Thln covennnt shatl n�.u�with th0 Praperty und sbNl remAin in ei'fect unW the
<br />_:�,,',��, � Secured Debt ia paid in fUll and tdie Deed of Trunt ia releascd.
<br /> ,.r I+,��
<br /> _�•�p4��1; 10.TRANSF'ER OF AN INTERFS7' �IV TNE ORANTOR. lf Tiv.vunY #s an entlry ottyrt thnn a nutural person(sush ae a
<br /> .;�,r,,
<br /> � ,,,: corporation or athcr orgauizndon). Hensiioinry muy demand immedl�t,a�ayment it 4�)a benofiolul interest in'[tuswr e
<br />��'�"" sold or tran�fe;soQ; (2)them ie a chango ln cither the idc�ntity or n���:�*+rs of inem0esa of a partnerehlp;ar(3)there is a
<br />'�:�!'�`!. change ln ownerahip of mora thnn 29 percent af tho voting stock ot n�c�rporation.Mo�vever. Benvfialary muy not dcmand
<br /> -"'�'`��'`� ' �,�,�cnt in tho abovv situn�i�na if it ie pmhibited by law ae of the datm ai th1s DceA vf'iyvst,
<br /> �;;s<;;;��`,
<br /> �r'�t��; �;�.
<br />�-��f�? � 11.ENTITY WARRAN7'I�6�REPRFBENTATIONS. li'7Yuatax is on endry other itian u namral person(suc us u
<br />-���. .i,.: r oorporation or other arganization). Tfw.�tor uaWcry to Benef3clary th:frilf�vin9 warrnnties and ceprosentatiaas whicb ehall
<br /> �,� , bc continulag as lan�as tho Se�ured Debt reaxatna outatanding:
<br /> `�.;,,,,,� ,• A. Trustor ie an cnHty which ia duty organized and vali�ly ex�eting iu tho 7Yustor's atate of iawiporntion (or
<br /> �•«�:::'::;.,. orgnnlzatian). Tcustor is la good atandiag in all atates in wh�l��'iYustor unnsncta buain�. Ttuator has the power
<br /> ��;'ii�'�',� and authoriry to own tho Property and to carry on its businaea as naw lx�ns wnducted and, ua applicablv� le
<br /> Q�{��I l0 d0 SO�A fIICI18WtB�11 WIlICb�IYU8t0i'OPCiiI�'N.
<br /> B, Tho eaecudon. delivery and porforn�uaeo at'this Oeed of'nu�it by.71�ustor and the obligation evidenced by the
<br /> " �, gvldcMCe of Debt sue wlthla tha power of Trustor� havo bcc��•duly authorized, huve received all aeceast►r�►
<br /> ,,,� ,; Boy�pmeptel approva�,and will not violata nny p,rviRion af•faw�or order of couri or govemmental agenay.
<br /> ` ''; r--- C. Ot�or thun discles��t i�wr�ting'i'custor has u�r�i�ang�d its na�u�ithin s�last ten ye�re end t�nm used ony -
<br /> ' :.��ti't'; � �
<br /> , '1 � o her aam�and wi11 presen+e its e�est:nB nome ctrade namos�uud franchiseatunt�il the�es�rad Q b 1 eiatlefied. �y o
<br /> �
<br /> y �:
<br /> ��V , ` � 12.PROPERTV CONDITION� ALTERATIONB AND INSP�G"Tim1°I•Tntator wlll keep the Praperty in good condiUon R
<br /> � t end make a11 rcpaire�hat ero reasonably necessary.Trusros wiU�give Heneficiery prompt aotice of aay losa or dtunaga to _
<br /> ' the Property.Tn�star wlll kc�ep the Pcoperty fi�of noxious weexls and gra9ses.Trustor wUl not iNtiate.jain in ar eonseut '`
<br /> ��" to any chnnge ln eny pflvute resuictive envenant, zoniag or�inanco or other public or privato cestdctlon IimltinB or _
<br /> • deflning tho u�ses which may be made of tho Property ar e►•; paft of Wo PrPPenY. Without Benoficiury's ptior wtitten
<br /> wnseat. Truator wiil notify Beneftciury of aU demands, prceced4ngs. cltilm9. aad actions agatnst Trustor or any other _
<br /> owner mado under law�r reguletion regarding use,ownership and oceupancy of the Property.Trustar TN�or also R�reea =
<br /> � that�the na�turo theoccup cy nnd u e will not ehangi with ut Benefi ic�aryte p or wdtten wn nt� B -
<br /> „ No portion af tho Property wiii be removed,demolished or materiuUy altercd withuut Beneftclary's prior wrltten consent
<br /> ��u�, � exrept that Ttuatar h�the right to remove items of personal property compristna s psut of tho Propeny that become wom
<br /> � . vapo a oi s
<br /> , 1 o t007 Bcnta�6p�nm���no.St Cloud.MN fl•BOOSU7•990f 1 OMm AOICO-DT�NO 10f30l07
<br />
|