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<br /> � ' or obsolete, provided that such person�l property�s teP�aced wlth othor r.�aun�i praperty at leust equal in value to the
<br /> reptaced prrsonal property, free from any titla retentlon duvtce, security agreecrtent or ather encumbrnnce. Such
<br /> repincerrcent of pe�soaal property will be deemed�nbja�ct to tha secudty intorest created by thio Deed of Truet.Tn►sror ahalt
<br /> , n.ot partitiom or subdivide the Property without Eenaflcixry's pdor writtcn consent. Beneficinry ar Beneflciory's aIIcnta
<br /> " inspPCti ne�f the Praperty aebalitbe entlrPrely foe Hene4ic nry'�s 6e efi�dQ 7`rustor wlll ie ttio w y�rely n He eeficiary s
<br /> inspection.
<br /> 13.AUTHORYTY TO PERFOItNi.If'1'ru$ror fails to pedorm any of Trustar'�duties under this Dced of 7'rust,or tu►y other
<br /> ' - mortgege.deed of trust. securlty agreement or other lien documcnt that haa priority over this Dr�of Truat, Beneficiury
<br /> may.witho�t notice,perform the duties or cause them w bc Perf°rmed.Truator uppoints 9eneficiary us attorney 1a fact to ,
<br /> sign Tcustor's nume or pay eay amount nec�sa�+rY fQr p d� hW ate�ver I aYoceasusy to protEx�Benoficiary ee securit�int�erest .,
<br /> not curried on in a reasa�ble mani►er�Beneticisry aiaY .. .
<br /> , ln the Property.Thfa may lnclude completiag the coneuucdon. . .
<br /> Beneficiary's rtsht to perform for Trustnr shali not create an obli�ation to perfarm, And T3eneflciary's futiure to gedorzn
<br /> will not preclude Benefictary from exer�ioing any of Beaeficiary's other dghts under tho law or this D�d of Tivat.Any
<br /> � �:• amounts psitd by Beueficinry for insuda8� preserving or othernise protecting the Pmperty aad Beneticlnry's security
<br /> ��...��,�� ���t mlti�me to time accordiag to tt►e terms of the Evldence of Debt�B Payment untll pald in fhll ut the interest rato in
<br /> „'•'�t;" effect fro
<br /> 14.ASSIaYVMEENY'OF LEASES AND 1�NT8• Tcu$tor irrevocably g�nts, aonveya und setis as addidonat secudty a1l tbe �•
<br /> right,tltle aad iaterest In and ta any aad allc ����d�y othar wducn or verbal egreements for the use and '
<br /> ��.:;;.,;�, A. Exiating or future leases�sublenses�llceases,Su
<br /> ���� occnpancy of anyportioa of the Property, including nny eatansiana, renewals, moditicatlons or subsdtutiops of
<br /> such agreements(a11 refened to as"L.easea")• minimum rent� °',
<br /> B. Rents,issuey and protits(all refaned to as"Rents"),including but not Itmlted to securlry deposita.
<br /> . gercentage rent. addlNonal rent, commnn eme ma[ncepan� chargea. purking churges, real estate taxes, other .
<br /> ,'� : applicable taxes► insurnnce Fr�w��°ntrlbutious,ttqutdated damaIIes follo�ving default, cancellaUon prentituns�
<br /> , losa of rents ��e t or is on ar ouu of he uae or�occupanay of the w�hole oraay�partwof the Propecty.y have ':
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<br /> ;:,� : �t�c��,y way� *�
<br /> _ �� '� _ ��►�Ac�r will prompdy Provtde Heneftaiary with tnie aad cornxt copios�of TI exfating and t4ture Leases. Tcustor may �", _
<br /> callect.receive,enjoy ead use the Renta sa iong w T��utar is r�ct�ss d,..»slt. _ruetor wi11 noe colleet in advance tuiY Rents __ ,
<br /> ��•�` due in ftituce lease periods.unless Trustor firat obtaine Beaefictary's written cousent.Upoa default�Tcustor will recelve
<br /> , � ��� " aay Rents In tnist for Beneflciary and Truator wql not commii►Sl�e�ltDebt asitherein p evid,to cas��of ma�►a�ing tbe �-Lm•�
<br /> ' � shail be applied at Beneftctary a discrction w payR►ente on th _
<br /> proPert3►. ineludin8.but aot limited to� alt tnxes, assessments�insurauce prennfuma� repoirs,and comaissions to rental 6�_
<br />�' ,1 ralated ex es incIuding Rcneftcltuy's attomeys'fees,puralegal fees aad couit custe• �Y w.-
<br /> �;;..1 n ageats.aud to any other necesssty P� _-_
<br /> " Trustor acknowledges that thfs asstgnment la perfected upoa the recording of thla Deed of Trust and that Beneficiary la �.:-_
<br /> endQed to nottfy any of Tcustor's tenants to make payment of rents dua or to becomc due to Beneficiary. I3owever, �v�y
<br /> � Benefictary agrces that un1Y on defauIt wlll Beaeficiary notify Tmaror and Trustor's tenaata nnd taake demanzl that etl �3r,;,,-
<br /> ' thque Rents be patd dtrectly to Heaeflcfnry. On receivtnB the notIce of default, Tcuetor wlll endorse and deliver to �,__
<br /> , ,�, Beueflciary any paymenta of Rent W'frustor's possession.
<br /> �'s:'=
<br /> lfcablo lnndlord law.Trustor elso coveaants aud agr�es "�="
<br /> ';�' Tmetor covenants thai no default exista uadcr tbe L�easee or enY apP Itcuble 1aw.Tivst�r wUl promptly aotify ����
<br /> to caaintein� aad w requir6 the tennnte to comply witk. Wa Leases pnd aaY 8PP
<br /> � f Benefieiary of eny�ioncomplianee.If Tcustor neglects oc cefi�ses to enfarce compliance wtth the teims of the Leases.the�► ��•_c�
<br /> * Beneftciary msy. at BenefiofM+'s option, enforce compGc�nce• Tzustor will obtain &neficiary's wdtten authorizattoa �_.._,
<br /> � m .s;
<br /> before Tiustor consents ta sublet. modify�caucel• or otuerwise altor Wo Leasee� ta accePt the surrender of the Property {_°s`
<br /> - "` ,� covered by such Leasea(unlesa tha Ltases sa require). ar W asaign,oompromtse or cncuraber the Leases or any ti�ture E .
<br /> +�`". &neticiary may incur�as da consequ e nce�o f t h eessi8nmen�c�uuder this sc+cti n for eny end ull Iinb911ty� loss or dnmage that
<br /> '�. IS.CONDOA�1Dd1PuISi PLANN�� t�T D���OPMEldT6. If the Prop�rty includes a uait ia n condoa�iniuu► or a �
<br /> �` planned�ait dovelopment.Tcuacor wilt perform all of Tnu�tur's duties under the oovenunte.by-laws�or n�gulntious of she
<br /> . oondcminiwn or planned unit development. . �
<br /> ���`' - � � 16.DEFAULT.Trustor w111 be!n default li any of the followiuB oceur: -,
<br /> • ' � p, pny putty obligated oa the Secured Debt falis to milte paymsnt whea due; �
<br /> . � B. s�urlty a�gceement or any othe�r doieumen e v�tdenclnb eBunr npY�II,mo�rtQa�g�o o=�lerwise relatinB w the Secureei ":
<br /> nebt� ,
<br /> � C, The makfng or fhmfshit►g of any v6rbnl or written rapmsentution,statement oc warrobty to Beneflciary that is false
<br /> , or incorrect in eay material irespectn y�'�St�uvcr�for�or�pplicacioa of an debtorerel�iefrinw t� Tnistor or any
<br /> ,�.. D. 'll�e death. dissolutlon. appo
<br /> '� pereon or entiry obltgated on th6 Secured Debt:
<br /> �', A good faith belief by Beneficituy at any times that Benercinry !s insecure wlth resPect to eny person or entity ,
<br /> � obligated on the Sacurcd Debt or that the pmspec�of any pnyrtms►t ie impaired or the Property ta impaired;
<br /> F. A matednl udverse chanIIe tn Trustor's busiaess includtnQ ownership.�+�e�i of t�e S ured beb t;or��Wbich
<br /> °_- n�n..�a..,���tc nninion believes impalcs the vttlu¢o[the Prop�rty or mpaymeu_ _e"_..�_.��st�_�....�,......s.�.
<br /> - - __- _ ..........._., —._ .,
<br /> ? I • C3. convlersion of w�etl d produce an�ugdcultural com�odity�as iluWer explaitted�in?C��.It.Poit 1440�Stibpart
<br />- � 0,Bxhibit M.
<br /> _° 17,RE�+iED1�3 O1V DETAULT. In some iastances. falornl si►d etnto iaw wjil requirc&neficiury to pmvide Tcusror with
<br /> notice of the riBht to cure,mEdinNon notaces or othar nottceo and muy estnblish time schedules for forECiosure ecdoas.
<br /> • . . Sm�er provided by inw ifethisf Tn swr ta!n de�u1�Y nccelerate the acured Debt as�d foroclose thfa Dced of Tnu�t ia a
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<br /> �� 0198!Oankmn 6yetomf.Ine.,St.C�oud.MN It•40�307•�1411 tam AdlCO.OT•N8 10180/Ol �1�—;� / � �
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