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<br /> ,, � � or obs�lete,provided thut such{scrsonnl pragerry is replaced�vith athcr personut prapeety nt l�:nst cquni In valuc to thc
<br /> � replaced ge�eonat pmperty. f�ee from any tttle retentioa d�:vice. secunty aprcement or othcr cncumbrnnu. Such � .
<br /> reglacement of persunal property will bc deemcd subject to the security interest crcntec9 by thie Dec.^d ui'1'n�nt.Tl11fitOY OII�I
<br /> � , not purtttion or sutidlvide the Pruparty without�eneficiary's prlor written con�.ont. Beneticinry or 8a:naflct�ry�8 AQC11tB
<br /> ° �rtuy. ut B�neflciary's option, enter the Property nt nny rea�anuble time for th� pur�snsc of lnspecdnQ thc Ptoperty. Any
<br /> ' inspecdon of the I�roperry ahull bc entirely for Seneficiory's ts�neflt und Thueor will ln no wny rcly un Keneficiary's
<br /> � ' inopection. "..
<br /> � 13.A�OI3DTY TO 1PEYtF01tM•If Truswr fuile to perfoan cv►y of Trustor'e duties undct this Oc��d of Trust, ar esny�thcr '�•,
<br /> - �-�� '� iaort�age. deed of tcust.security agreement or other lien docuraent ehnt hna priority ovcr this Be��d af'frust. Brnetic{ary "�����
<br /> �" �. ;,� .. may. ��Ithout notice.perform the dutte9 ot cuuse them to be perfomted.Tiustor uppointe�eneficinry ns attumey in 1'act to �.
<br /> s1�T�ustor'a aame or pay any amoant arxessary for perfonoiuece.lf Aay constn►ctian on the Pmperiy iR discontinu��d or �°�i.:,
<br /> not cartled on in a n�soaable mannar.Beneficiary may do wbntsvar is necessary to pmtect Beneficinty's securtty iuterest �;_
<br /> in the Pmperty.Thin mc�y include comploting the consuuction, �.':--
<br /> ' = Beaeficiary's dght to Ferf.orm for Trnstor shall aot cc�eute an obltpution to perf.ona, nad Beaeticiary's fnilure to psrform ����
<br /> i will not pzcclude Bcneficiary from exercisln�any of Beneficinry's atber r},pUtn undeY the lnw or tbis Dced of Trust. Any 4:::__
<br /> •� umounte paid by Beneficiary for ina.u�.ng� PresarvinII or atUsnviEe pmtw�cUng the Property und Beneficiaxy's security f���;;
<br /> interest wtll be due on dennand end vuUl�ear interest fmm ths d�ta of the payiuent un�l p�td in fiill nt the lntecest cute in �
<br /> �,,�' effect from time to tiaQe aocoidiag w ef�K teims of the�vidence of Debt. E
<br /> • .. �•.� 14.ASSIGNMENT OF L�/#SFS AND KCNTS.Truswr irrevocably grants. conveys and sells os additional security all the _
<br /> � dgttt.dde and intemst in aad w any sutd aU: ____
<br /> ;: • ,� A. 6xisdng or futuce leases.sublc��s.lice.mse�,guarentieo�as►d aay other writteA or verbsil a�c�eemeata for the use and _
<br /> � "�
<br /> . ��P�Y of any portioa mf r�.�Prupetty. iacluding aziy��ctenaions. cenewala� modificatious or substitutions of ��
<br /> n n :..z','�=
<br /> �►cc�agrecu�tnts(all referted mo� Leases ). minimiun tent, -__
<br /> •:�" �3. �ente.issues aad profits(A11 s�ferred to as "Rents`).incI�ding but aat li�ited to security depostta. _��
<br /> `"'�° percentage �ea¢. additlonal i+eat. co�non erea mainterauaoe charQea� parkia►B clwr8es. mal e5tnte ttixxes. other
<br /> ' .0 a}apUcable tax�,imsuronce�►reaaium conqrid�uttans. liqu�dated da�ages following defnwt, canceilc�tfon pretnium9, �"":`-
<br /> 'loss of reuts"�awraace.rev�,AUes.royalt�c�s.�oceeda.ibn�nuses�and all dghte aad claims which T�ustor tra�y have
<br /> � � ihat in anp way pertnins t�mr ds an account af tlnc use or�eupaney of the whole�r nny purt of the Pcoperty.
<br />_;,'h;,, K 'itustor will pmmpiDY �xovide Henefisiery with true and cornjct copies of aU existlag s�nd fl►ture L.easea. Ttusior xaay --
<br /> .:.: rr � coAect,recetve.enjag�rd use the Rents so tong as 7Yuswr is aot in defnult.'�cysror will aat wAect tn advuztce eny Renm
<br />'`:`'_•�:. •� �e 4u fitsite l�se�c�?c, unlesc Tnistor�zst obtains Beaefc�IarY'c wciuen oansent.ligoa defuult�T�ustor wlll reaelve •
<br /> - ��: � ,.i �k, any IL�2a�n uu�t for Seneflclary ax��'�'iustor w[ll not com�,�e the Renta wlth auy oth.er flm6s.Any amovma coiia�i
<br /> uu t
<br /> ' .�o'. 'tii shnl!be zppiied at Beneficlary's�s�r�aioa to payaQents on the�zcused Debt as therein pzmvided,to costs of marmging the
<br /> `t�...•r:.• � �
<br /> :_t.��.�'�,•. Froperty. inciudlzsg, but not IiiuiteQ ta. all taz�, assessments, insurance premiums.rePairs. aad wamniasions w rental
<br />�.,'��,�,'�� - ageau��aad ro any 4'�e�z necessarY reYated ex�us�a imcludfng Beneficlitrry s�tioraeys fces.Paralegal fces and caurt oosts.
<br />,�i`��;'.,,',,;%
<br /> �"��`.�,±�±�.:.�:. ' T�ustor acln�owledges ehas this asaig�ment is pe�acie+d ugon the reoordin�e��¢his Deed of Tn�st and th�a Seneficlary ls
<br /> .-•::za''' '�`'.•� ,� enutied w notify rwy pf Tcustor's eenanu+to m�ke payatent of rente due or w beoo�due to Beneftcinry. However, _
<br /> ,;;.;=:.�lt
<br />- �� w, �%`� Hcaeflciary agcees that only on de�nutt will Benefictary aoflfy T�ustor and T�vstor•s teaant�aud make dem�nd tL�t
<br /> ''t;�;�""'"•ti fiittu+e itents be�aid dlrECtly to Beneflcinry. On receiving the notice of default, Tiustnr wW endorse�d d�liver w
<br /> rt�)<.'3�.,r. .
<br /> ;�:.,"+�� Beneftciary uAy Pay�ents of Rent in Tcuator s�ssession. _
<br /> +( `- --
<br /> �`��' "• Truswr oovenants that ao default e�sts under tbe Leases or anY apPlicable laa�llord tow.Tauswr also covennnts and agroes - --
<br /> �,�. ��� --
<br /> ._ to maintain, aad to require the tenants to wmply with.the icases and anY aPPllcable luw.T�ustor wlll promptly no
<br /> =r r:�`_:�:,�.:fs� �eaefisiary af nuy nonco�]iauce.I�Y Tnastor ue�lectR or ref�to enfoire compliance wiW tlie tetms of We Lea.�^es.tIua
<br /> ".��..y'.,`�� B�aceftctc�rry mny� at BeneHcinry's opflon, enforoe oompliaur�. Tcustor wW obtaia BeneRcinry's wriurn authozizatton
<br />:,�"��:'�"�"`� bcfore Tiustos cA�rats w sublei.modify.canoel.or otherurls:alter the Lx�ases,co aaoept the surnader of the Pmperty
<br />.::""�� oovered by such i.rus�(unless the Ledses su re�ni�e).vr to assiKn.oom,g�snise or eacumber tho L�us�or any ftipue __.__.
<br />- �'����,_. Rents.Trustor wlZ!��]fl Benefidary hannless mid iademnify Beu�Rclary�ar a�r and a11 linbility. luss or damage that �--
<br /> -"�-_:���;�� Bea�flciary may iacus as a cons�zenae of the assigament uu�zr n;iis sectioa.
<br /> ���._� 1�.¢:lFlVIFiFr.I`S!`tsaTr.a?; 5'°o.iaidid�'3a iFda a arrY'"'r.=.{3r:ss ie n'""".-.. IY£�le 'r'FO�,.'�t-�#:=$�M_: a utsit ia :t s:at�l�s4�i��!�=s ---
<br />::;;��:__-—w plvaned unit dPve�a,�.^�t.Tcustor wilt perfo��ill of Tcustor's dudes under th�mveaanu��by-lnwa.or re�ulutions of the -�„
<br /> -"?�_:-:.;�,,^:`= , aondomtaium or plmnnEd unit developmeat
<br />- - . ��
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<br /> -� 9�;s 16.DEEAU�.T.TYustor�vUl he In��ult if tu►y of the folloaiaII r�ccur:
<br />�-�•"'`'�"�"'• t�. .S�my party obligated on tkz�:aued Debt fails to mrse�ymcnt vuhen due;
<br /> w��•�- �. A hr�ach of aAy term or oovenant in this Deed of 1k:st,aay prlor ntortga�e or:�ny consuucttan loan ngr�t. _
<br /> - ':�:;�' � seauity:���'.ent or aay other doc�3 evidencing. 8uarautyinQ.securing or othenvise celating to tha Sewred --
<br /> � °.,:, ' . ". } Q�bt;
<br />- .. _ . C. The malflag ms�mis�of s�ny vecfi�al or written repmsentnilon.statea�t or v�artanty W Beacfictcuy thnt is folr,e
<br /> •. or inoorrect➢n any matea�ln4�respoci by Tcuswr or uey pz�.an or endty obligrte�on the Secured QPbi; -s
<br /> • D. 'Y�e de.�.h. dissolnttoa. t�;pc,inims�t of a reoeiver fJr. or applicat�on of any dc�tor tellef Imv to.'i'nutor or any ---_-
<br />- ° g�rson og en�:ty�bu�ae,.��.�the Sec,t�red Aebt: •
<br /> . ',` S. A baod fa�th b�e7�ef by BenQ�CCiary at nuy tiu�ti�at Beneficiary �fa��cu�e �dth tc�WCt to any petson or enNry f!�?'=
<br /> .. ". obligated an�.he Secured Qtbi or that the pmspuci of any paym�t is inapait�d or tlie Pmperty is impsdred; �=;_
<br /> E. A ranterial adverse chunge in Tiustor's Eusiness includinII ownership.man�ement.sad finencial oondittona.which uM�,;:
<br /> y :� • _ l�;acficlary in its opinion heUeves i�palr�the vel�te of the Pmpaty or repay�ent of the Secuted Debt;or �:��L•
<br /> . �. E#ay loan pmoeeds ute us�d Por a purpose that will cantaibutcs ro exaess�ve e=astom of hi�hly ezudlble land or to the r�• �
<br /> • ....,,,,��„��f�,�t�,as rn nmauee nn aQr,icutcnr�l�odicv.as tluther exfllain�d in 9 C.F.Fi.Psut 1440. Subpaet �n+'�
<br /> ---__�a G.B�ibit M. -- - . - - -
<br /> � 17.REA�D�ON DF•L�'AiJLT. In smae instanoes.fdderal aud awte inw wilt �+equim Beneflcinry ta►provlde 7hus:or wtth .
<br /> ° �� ,' no�tce of the dght to a�. m9dintton aotioes or mher rtatioes aad mny estnbltsh ti�sch�ules for forsctosure astlons.
<br /> ' S��ect to the�limitations. if euy. Beneficiary may n�elernie the Secured �ebt :vtd foreelose this Deecl of Teust in a
<br /> muu►er provtded by!aw if th[s Tn�stor is in defnult.
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<br /> ' ' �saUS 3 0/Q K,
<br /> .. m 19'J�0.:ntrr SYCtam.tnc.St Gtad.MN It�COOJ97-2�4t 1 iam A47LO�OTJSE 10'SD1D!
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