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<br /> or absoloto,provIded thnt such persnnul praperty ie replaced�vith otber garsanal property nt la�at c�uA1 tn valuo tu Ih�� ., ,,�'
<br /> repinced personal property. free from nny utle reteusioa devico� e�;urity oIIreomUnt nr uihoe onr�+mbmttco. Such ,y
<br /> replaceanent af petson3l property wW ba deeme�cubJcct ta the�scuriry iatarest cre:tted by thin Dc�d of T�osr:G Trustur r.htill ,. ,:T
<br /> not partitlon or subslivido tha Proparty without Bono flc iary�e jfil�T V'JfI��OD COASOAI. HOAU�C�IIPSt QY �Oit9��Ipry'n naontc� ,. .
<br /> eauy�at Beneficiary's optian, enter the PropeRy at uny rea�oaable tima for tho purpuso of la,p:clin�}tho Prn�sorty. A��y �.
<br /> Ins�ection of che Propa�ty shnll !sa eatirely for Beneficiary e baneRt an�Tcustor v�ill in na way taly un Bonofial�►ry'A •-
<br /> inspecaon. .. 'y;:
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<br /> 13.AflTfH04tTl'Y'1'O P�itTOI3Md.If Tmstor fntla to parfarm Any of Truatar's duUss urnlcr thin��d af TruM, c�r Any athcr , _
<br /> mortgago.deed of M�.4t,secutity ogreameut or othar liea doaumont thiit hna p�iadty over thi� De�sl of Trust. fJon�Auinry
<br /> may�wlt6out notica�gerform tha duties or cuuse them ta ba porfornted.Trustor nppaintn 8ottoftciary sv�ttamoy In Pact t�� °'�����
<br /> �ign Trustor's name o:paY nuY anaunt ae�;essary for porformnnee. 1f aay consccuction an tho Propo�tl ie dir.cantlnuccl�►� ' ,. µ��.
<br /> not c�rried on in a reasonable mt+nner�Beaefloicuy mny do whacever is necessnry to protcct BonaAoiary'e Feeuvlty tntorest :,;
<br /> itt the Y'roporiy.T6is may inalude completiag the wastructlon. „ �1 .., . --
<br /> „•
<br /> Bene�leiuty's righc to perfora�for'Tn�stor shall not cm,�te aa oblipalloa to perform, and Honoflctary'a fidlur�ta parfutm , �;.�,,��=
<br /> •� will nat preelude Beneficinry from exerci�ing any of HanaSclory's other dghtn under the Inw or thio ITocd of Tneat. Any _,.___c-..h�.
<br /> �� ainaunts paid 6y Heneflciory for insuring. presarvinp or otherwise protecting tha Property and �onclflciary'a scnu�ity .���.-=-_.
<br /> iaterest will bo dua un demnnd attd will b�r interest from tha duto of thn pnyment unUl puid in ft�ll nt t�fl intotcst reto in '�t�:o;;=_s.
<br /> ir�:.:_:-..:-
<br /> effoct fmm dme to tinns accarding to the torms of the Hvidartce of Dobt. —
<br /> ii
<br /> ' fA.ASSItn1V1Vt�1VT OF LEASES AN�l�N�1'S.TcusWr irrevocsbly graate�convays and salix�us additianai uc�udty call!he , ..
<br /> right,Nde and intereat in und to any and all: „
<br /> A. TixisNng or future leases,subloases�Hcenses,Bumm�tlas and i+nY oth�r wrltten ar verbal agreou►svats for Iho uEe oRd " ,��M
<br /> " occupaacy of anyportion af the Proparty, includia�ony extenslons, r�anewals, modificutians or RubvNtution� af
<br /> �: auch agreeraente(all roferned w as"I.eases"?. miNmum tent ° �
<br /> � B. Reut�. iasues isnd profits(ull referred to As `Rente"). includinp but not limitod to secudty deposlts, • �____
<br /> 'n arki� charges, ra�l a4t�to tex�s. othor
<br /> parceataga rent, sdditionnl rent. COAlA70A BLCA �QIBAaACB CL8T�9� p
<br /> . .� applicable W�ces, insurnace premium contribudons� liquidntcd damnges fallawing default�C3itC8II6U0A pf8111{UIiL4� ,, ^
<br /> r���n�y 8y�to or is on'acc unt of the�orboccupuncy o tha hola ornay p VoYtha Propesiy,y bwvtl ,
<br /> Teustor wUl promptly provlde Heneficiary wlth hue and corrcct copies of ell existiag ead Potut+e Lc�asea. Tru�tor may .
<br /> _._ _,. .. m,� o nA Tnuetor Is not!n defitult.Trustor wlli aot colloat in sdvaasa any Rante ,�� � . " ��
<br />-=`- colieci.rc�ivo.or�uy and uoe llte.: !s�lott�— ...
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<br /> "�'� dua in future leasa pe�iods, ualoss Twstor flrst obWns Benofiainry's written consont. Upon default�7�n�swr witt�cox.+o ° • ,
<br />_ any Rents ta trust for Benefiaiary and Teustor wlll aot commingte tho Reats w1W nny ather ti�nsl�.Any amounts eollocte� ' ..•
<br /> ,�, � . sball he sppliEd at BenoRaisry's discretioa w paymonta on tho Secured Debt as therein pmvided,w costa of mAnnging tbe �
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<br /> . prop�rty, ittcletding. but not li�aitr,d to. all tcuces.assessments, insumace premiwns� mpaire. and wmmissions to romtAl ,,., ,
<br /> .. ,�,, aQantc,aad to any other aeoessary relutod eaponses iaalading Beneficlory's c�tWmeys•fees�Paraluga!feos aad court coats. • :i ,•� :-
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<br /> Tivswr acknnwledges thnt thts assjjpanent is psrfected upon ehd recordin8 of this Deed of T�ust snd Wtt BoneRciary la ~�� ' ��
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<br /> 0atiued W natifjr tmy of Ttustor's tennnts to mmke payment of rents dua or to become due to Beaefloisty. Ho�vavor, ,;;�,,.
<br /> ' Beaeficlary ogrees thnt only on dafnult wW Beneficiory eeodfy Tn�stor and Tn�stor's tenante and mu{ce dantat�d�sat all y�, k� ,.
<br /> ' . fuwre Itonts be paid directty to Beaeficiary. On seceivina the noNce of dsfsult. Trustor wW ondar�o and doliver to �
<br /> � Beneficiary say poymenta of Rent in Trustor's posscssion. �"��
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<br /> Tzuator covenanta ehnt no defaWt oaiate uader tha Lea.ses or eay nppllcabla landlord law.Trustor also covonante And agreos {J�_'
<br /> to maintain. and to requlro tha tennnta to wa�ly with,We Leases aud eAy applicablo law. Trustor wiU promptly aotify �.s,�:. -:�
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<br /> ' " Heaaflciery of any�oacotaplinnce. If Tn�stor aeIIlects or refusas to enforce coaipliance wiW t&e torms of We Loaso.v�thon
<br /> Beneficiary muy, mg Benofiainry's optlon, enforce complinnca. Tcustor will obieia BeneRciary's wrlttan autiwrlratlon ��.-`-��.
<br /> , _ ��:� befor,�T�ustor consents to sublet� modify.caacel�or o t he rv v Ise a l ter t ha L�n s c ti v�t o ecce pt tha surreadar of the Pca p arty _ .
<br /> ..•�;, covesed by euch L.eases(unlass the Leases so require).or to essi�n.wmpmmiso or eacumbEr tha I�ca:,o.�c or eny fl itnno ' ---- -�
<br /> Rents. Tmstor w)Il hold BeneRciary hnrailess nnd iademaifY$BnafiCia�Y for nay uml u1l li�bil[ty�los�or damr+ga that . ,.:`- _�`
<br /> � BeneRciury nu►y incur os u consequeace of tha asaigauQent under tWs section. • " ---`"��—
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<br /> � " 1S.COYDOMR�TIUNdSi pI.AfVNED IJNIT DEV�IAPMEIVTS. If the Pro�erty includes n unit in a condominium oa e _;'�;:�T_
<br /> � plar..s�d uait development,Trustor will paxforuti�il of Ttistor's dut�es ander tha covennnte. bylawa�or roguladons og tUe T �# �`w
<br /> � co��tninium or plw�aai ualt dovelu�ment. , ., ...'..7°�: ` _
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<br /> •: � lb.DEFAULT.Ttustor wUi be in default if uny of the followlap occur: • ° �, �'=�'�:�y
<br />�':� ' A. My pai¢y�+figuted on the Secured Debt fails to make puyment when due: -:�:.:� :
<br /> �;�;� B. A braac�og aay term or covennat in t@tis Aeed of Tcust,nny pdor mortIIage or nny construction loaa egrmam�nt, . .� :'.
<br /> � ..:;,,.. ' secudty nIIreement or a�y other document avidencinB. Suarc+ntyln8,seceuing or othexwlse►rolaNng to tho Secural , . .
<br /> Y'`;,�,,: �t: . . �:�;:
<br /> C. Tho m�kio�3 or furni.�hin�of aay verbul or writtoa r�presentntion,statemont or wacran3y to Beavflciarp thnt(s falao n ,,,,-
<br /> 0
<br /> � or incflrsace nn eny materlal raspect by?n�awr or any person or enHty obligated on tho Sf+o�ued Dobt; �
<br /> D. The doYS�, dissolution.aplsointacont off a mceiver for, or applicatton of nny debWr ralief lsw to� Tn�ster or any ., ,
<br /> gorson or��tity obUgated on thu Secured Debt; rsou or onti �
<br /> :`?c,�., �. A gaad faitb belief by �eneficiwry at uay Nnae that aotteflciary is insecura with resp�ct W nuy pe �y , ;, �
<br /> ;,.. , is i tcd: �
<br /> .,�,;,t.�, obBgatod oa the Secured Debt or that the prospect of any payanont ie imgaired or the���c������'W�oh ° � .
<br /> �` �. 1�materIal adverso obnnge in Tcuswr's 6usiness includia�t owaorship�mAnngomont� .,
<br />_ __. . j� HcF:.t�afs�in!��Fininn Ix3l�eve.v ltnifll�t.4 lI18 Vu�dit�onf�tw�m��ca4vivoaeroslon o!'�hiBh1Y orediDD ot tnad or fo t�o --
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<br /> t3. Ady IoBII pra:Cwa ato uawr..,.u p..p..o.....�. .....------�- - ---,------. . _ ..
<br /> coaversioa of wedands co producc3 an o�rIeultuml oommodity.ns furthes explalaod in 9 C.F.R.Part 19 . u p . ,
<br /> �� O�BxWbit M. " „ •
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<br /> 19.R�1N�DIES ON D�I�'AULT.Ia soma insusnces,fedoral nnd stnts law willt�quiro BaneRcisry to provido Truator wlth ,
<br /> natice of We riQht to cure. ntedinflon nodcos or other notices nud taaY eytablish timo schedulos for foteclosuro actions•
<br /> Subject to these limitations. if uny. Benaficicuy mny accelemt�s t�e Secured Debt nnd t'orr�,closa thfa De�d of Trust in n
<br /> msu►nar providal by lnw if this Tzustor is in default.
<br /> . �o ,. � .
<br /> Repe 3 of 0 ' ' °
<br /> � '^ ��"B. •
<br /> ' m 1009 DarRat Svatms.Ine..6t.Clcud.MN It•Q00•087•Y94t1 Form AO1C0•Di�n1E 10/50107 ,v • y ., , _.
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