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<br /> L. NotwiWsttutding eny of the lanpun�e contained in this Deed of Tn�st to the contrary.the tem�s of this seaioa ahall �
<br /> � , disposidonyby Beneiiciary oftany�r all of the PropeeryTAny claims aad defensesa to tBhe con�trary arc hereby waived. ;
<br /> • 20.CONIDENIPIA'PION. Truscor will give F�aue�'iciery prorapt notice of any action, rral or threarened by pdvate or public _
<br /> ��{uea to purchese oi take aay or all of tha Property. including any easccn�nts�through condemnat�on,emineat douiain, X��.`
<br /> . or any other meHna."Tiustor furthec'agreea to nodYy Hencficiary of aay proceedings instituted for�establist�me�f��i
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<br /> •� • sewer, water.conservation,ditch, draittaIIa,�r other disuict relatlns to or binding upon thc Pro rty or ar�y p
<br /> " � Truscor authorizes Beneficlary to intervane in Tcustor's nemc in any of the above described acdons or claiias and co coltect �
<br /> and receivs all au��'r�9u1tlng�°�tl�e actian oc cls�lm. Trustor assigns to Bencficiary the proceeds of any award or claim �
<br /> for damages conne¢teti,wittkl"a�ti°°daalAi141bn�Arother taking of all or any part of the Property. Such proceeds shall bc _�4 _.
<br /> �:;:�;� � coasidered paymen{s atid'yt�ll be`�.apiied•"as pYOVided In this Deed of Trust. 'Iliis assignment of proceeds is subject co the ',,,
<br /> ;'i;:r. . tem�s of any pdar secu dty agreement. �•;;!;��;:;
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<br /> •`� .�'��?" Zl.INS[TRAATCE.Trustor agrees to muiatain insa.rance as followa: •r�,,;,::
<br /> ' is�sum�a wiast losa by fire,thefl and other hazards and riaks reasonabiy associated '�M1t�i°=r�
<br /> . �.�:%,�.;.i.,,;,. "��`��''-
<br /> r,�., A. Ttustor s6a11 kcep the ProP�Y @ g`:..,,.;;,:
<br /> �- �'��'��:��,ti+'�, wlthh the Property due ta its rype t�nd ioca�.un.Other ha2c+rds ssnd ruska may include,for example,coverege agalnet _
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<br /> ;,��:�:::;�;;�a, • losa due to floods or flooding. 'I�fs lnmtr.�uce ahall be maintained ia the amount$ and for the petiods at _ ._
<br />-`,:'•'•;:`._'":�::;` ''y` Heneficiary requirea. Tha insurance cera�ec providing the lnsvrance ehall be chosen by 1'r�nt�t eubject to ,�
<br /> ' ° ::t;'.�}'�,���� Beneflclary's apProval, whic6 shall aot be unreasoaably wit6hetd. tf Trustor fai{s to rnaiataia the cover2ge ,-.;y
<br /> ,:��!;` � descdbed above, Beaeficisry roay�at Bsnsf�iury's option, obtaia coverage to protect Benafictary's d@hts in tt►e :r.�,_�•<'
<br /> . progerty according to the terms of thfa Daed of 1'rust. ``°-,s:'
<br /> . � f; _�--
<br /> , ;. All insurance pollctes and reuawele shuli b� accepcable to Beneficiary and shall include a standard"moct8aSe �:'" '
<br /> clause" aad. where applicablo, "benafialory losa payee clause.' Truetor sl►al� immedintcly notify Bcnefictnry of `�-::,,-,.
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<br /> ��' � can�eUation or terminatioa of ths lnauranae.Beneflciary eball buve the dght to hold the policies and mnewals. It __,
<br /> B:n�ficSary requires� Truator ahall i�tunediately give to Beneflciary ell rceeipts of puid premiumr�enc! rencwnl ' ',�„,.;
<br /> �.4i i.'�''_
<br /> �' � noticea. Upon loss,Tcueror s6a11 plva lrnmediate nodce to the iaew�ance c,nrrier und HcneBciary.Beneficlury mny -. �
<br /> muMe proof of lose if not mAda innmcdintcly by Truator. __��`°-'
<br /> ,�,�• Unt�ss Beneficiary and Truator otlwrwius agree in wdtiag. iasuranre proceede ehall be opptied to restoratton or ____
<br /> �, �,�aP�,pm�K��ag�;s�.ho reaoratlon or repair ia ecoaomicalty feasibie aad Beneficiary's secu:ity ie aot
<br /> •� lessenQd.If the restoradoa or repalr ia not economically feasible or Beneficlary`a s�curicy woutd t,�I�scs�. s�c
<br /> .,:. insurauce proceeds shall be applied t�tl�a 5ecured Debt,whether or not then due.wtth anY eacess patd to Tcuator.
<br /> „ � If Trustor abandons the P�pecty,or daes urnt anawer withia 30 days a nodce fmra Beneficlary that the inaurance
<br /> carrIer has offered to settle a claim� ehon Baaeficiary may collect the iasurauce proceeds•Benefiotary niay use the
<br /> � praseeds to repair or n�ewre tha PmPartY a��PaY��S��Debt whether or not thea due.11ie 3aduy pertod
<br /> :, � will begin when the nodce ie glven.
<br /> � . lication of roceeds to rineipal shdl�ot excend
<br /> ,.. � Unless genefioiary ead Tn�ator othorwL9a ngcee ic►wrltinB,�Y�PP P
<br /> ,;.'t;,:., or postpone the due date of achESduled paymcnts or change the amounc of the pa ata. I the Progerry is acquired -_
<br /> sd
<br /> by Beneficiary,Ttustar's right to angl�nenrance Rolicies aad pmceeds resuldn8 m damage t°the Pn erq'befoc$
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<br /> the acquisition shell pass to�anefiai►iry to the extent of the Secured Debt iuu�siediately before the acqul tian. --
<br /> B. Trustor agrces to w�iatain comPr:heaslve general liabiliry insur�►ce nemit►g Beneficiary as an additionat insured in
<br />: �,;,.:!^::;;,. • an amount ecceptabie to B�nofcainry.insurlag against claims adsiag from any accident or occurreace fa or on the
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<br /> ;`';.,;;;.;;'`. , C. Trustor egrees to maintnin matz;lloss or business�ntenuption inaurance. as rec�ui:ed by BeneBciargr�ln An amoun
<br /> � .,j� ,r; equal to at least wvciage of o�e year s debt service, and tequired eacrow accouat deposits(if agroed ta sepsirately --
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<br /> �;,• ta wricing)�under a form of policy ncceptable to Beneficiary.
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<br /> ;,;;;.,c„ .; . 2Z.TIO ESCROW FOR TA7b�fa?dlD I1�iSURANIC�. Untess otberwise provided ia a sepazate ugreement�'Itustor wlll not i
<br /> ,�. �' . "' :� be r e q u i r e d to pay to Beneficiary i'4wde for taxes aad 1nsurauce ia cxcrow. —
<br /> �.��(CTpr,REppRTS pTiD AD�DITfONAI.DOCUMENTS. 7'custor wlll provide to BeneSctury upou reque�t► �Y
<br /> r�"'' �� fwaucial statc7nent or lnfom�edoa�eneflciary may deem necessary. 'TcusWr warrants that aU financtal statemente and _._
<br /> . t,,,� ", � information Trustor provides to Beneficiary are, or will be, ascurate� correct, ead wmplete. Trustor agrees w sign. --
<br /> - --- deliver, aad t31e � Ben:�cla�y r_+.ey rnwu►nnhly rec�uest sny additionel doctuttents ot'certificadons thct BeQeficlety maY
<br /> � ` oonsider nec,�ws3ry to pede�¢,cantinu�x,and pieserve Truswt'e obligations undet ttu�Deed of'Truat uud L�enefic�arYts iicn _ _
<br /> �z q status oa the Ptoperty.If Ttuetar fellr�w do so.Bene�iciary maY sign,deliver.and ftle such documente or cestiftcates in w`�`
<br /> ' '- Trustor's name and Tmaton c�reby ir;cwocablY ePFointa�eneflciary or Heneficiary's agent as attorney in tact to do the ��,;;
<br /> .: `' � th{ags necessary W comply widi dde s¢�c6nn, `""�=�
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<br /> , , � ?A.JOIIVT AND 1NDIVIDUAL LI�#BDII..ITY;CO-SIQiNEIi$; SUCCL+SSARS AidDD AS3IGN8 BOUND. All dudes under ..:,;.
<br /> � this Dced of Trust at+e}oint and indtvlduQl.if Truator signs this Dced sf��spa u�t dnt of the S�ecured DeDt aaG'I'ruestor
<br /> " � Tcustor does so only to mortBaga Truaor's intereat ia the Property a�e Deed of
<br /> �" does not agree to be personally liabtes an thc Secured Debt. Tmstor agrces that Beneflciary sud any party
<br /> �> � ; � Trust may extend, modit�r or mnke anY chnnge in the terms of thia Deed of Ttust or the Evideace of Debt without
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<br /> ��� Trustor's consent. Such a channa wlll not release Tcuetor from the tetias of this Deed of Tivst.771e duties and benefits of
<br /> � �� . this Deed of Trust shNl bind and beneRt the successors and assigna of Truswr nnd Beneflcfary. �
<br /> . "- ' '-� �._,.__�_��._...r........s....a.o..w�e�+iah+Reneflciarv and Ttustor sud does not dimetly stx:ute the obllgadotl whiCh
<br /> - -__-- -___— ii iu►o�ca+v� ,...o.�.....o»a.._�.,---°------ -
<br /> � ia guarantied.Truetor agresea to waive any rlgbts that may preveut Beneliciary fcam brIngmg aay accion or ciaim ag+,�o►
<br /> ; Truator or any party indebtcd under thc obligation including,but not limited to.eati-deflciency or one-action lawe.
<br />- �.�;,�;; ?..5.MPLICABLE LAF'Yt ����a�;���TATION.'I1iis Deed of Trust is governed by the laws of the
<br /> ;i�='f jurisdictioa in which lBenefictary Is located,eACept to We extent othervvise required by the luws of the jurisdiction where
<br />-� ;t%:iit• the Froperry ia lactued.Ttils Dc�d of Trust is wmplete and fu11y integrated. This Dced of Tcust may n�t be amended or
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<br /> = '���: modified by oral a$reement. Any sectioa or dause in thin Deed ot Trust,attachments. or any egreement celated to e .
<br /> Secured Debt that confliata wieh appltcable law will not be effective, unleas that law expressly or impliedly permits the .
<br /> � :.�'1;�,'., varlaHona by written ngreement. lf any section or clause of this Deed of'hust cannot be eaforced according to its tera�s, :
<br /> '; � ��� ;�{��� thai section or olause will be severed and wi11 not affect the enforc.e�biliry of the remainder of this Aeed of Trust.
<br /> ��`'"'�'�� Whenever used,the singuiaz shuli inalude the plural and the pinral the singuiar.The capdons and headinga of the sections
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<br /> ' �••.:�.;�'��. of this Deed of Trust are for convenience onty and are not to be used to interpret or deflne the terms of thia Deed of'IYust.
<br /> '�° � Ttme is of the essence in thls Deed of Trust. ' '
<br /> �`;;;:.:.,. �:a L� ..h��u va so v•
<br /> . � m 199�0onkore 5yttome,ine.,Gt.C1ad.MN(t�800-39)43411 form A6rC0•D7NG 10�0/87 --f-=•��-- �
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