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<br /> aRAND IBLAND, N8 688014149
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<br /> 506-94-0045.................................................
<br /> TRUSTEE: II.S. H11UTK NATIONAL A880CIATIO�i
<br /> FARfiO, ND 58103 �i'1 i f
<br /> v
<br /> n cons ration o t e oan or ot r cre tt a tion ereina er spea e an any ure a ances or uture igations,as n erem,w ic
<br /> may hereinafter be advanced or incurred and the trust hereinafter meMioned and other good and valuable consideration,the receipt and suffidency of which
<br /> are hereby acknowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grants, conveys and assigns to Trustee, his sua:essors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the beneftt and security of II.a. HANK NATIONAL A880CIATION ND
<br /> ("Lender"), the
<br /> neficiary under this eed of rust,under and subject to t e temis and condttions herein set forth,wtt right of ernry and possession all of Grantor's present
<br /> and future estate,�ight,title and interest in and to the real property described in Schedule A which is attached to this Deed of Trust and incorporated herein
<br /> by this reference,together with all preserrt and future improvements and flxtures;all tangible personal property including without limitation all machinery,
<br /> equipmerrt, building materials, and goods of every nature (exduding consumer goods) now or hereafter located on or used in connection wilh the real
<br /> property,whether or not affixed to the land; privileges, hereditaments, and appurtenances induding all developmerrt rights associated with the Property,
<br /> whether previously or subsequently transferred io the Property from other real property or now or hereafter susceptible of transfer from this Property to other
<br /> real property;leases,licenses and other agreements;rents,issues and profits;water,well,ditch,reservoir and mineral rigMs and stocks pertaining to the real
<br /> property(cumulatively"Property");to have and io hold the Property and the rights hereby granted for the use and benefit of Lender, his successors and
<br /> assigns,until payment in full of all Obligations secured hereby.
<br /> Moreover,in further consideration,Grarnor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their suxessors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present and future indebtedness, liabilities, obligations and
<br /> covenants of Borrower or Grantor(cumulatively"Obligations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreements:
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<br /> 44,470.77 04/26/99 04/22/19 66200100171780002
<br /> (b)all other presen or ure,w en agreemerns wtt n r at re er spea i y o t is o rus e er execu or e same or different
<br /> purpossa than ths foregoing);
<br /> (c) any guaramy of obligations of other parties gNen to Lender now or hereafter executed that refers to this Deed of Trust;
<br /> (d) future advances,whether obligatory or optional,to the same exterrt as if made corrtemporaneously with the execution of ihis Deed of Trust,made or
<br /> extended on behalf of GraMor or Borrower. Grantor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall continue
<br /> uMil payment in full of all debt due under the line notwithstanding the fact that from time to time(but before termination of the line)no balance may be
<br /> outstanding. At no time during the term of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured principal future
<br /> advances,not induding sums advanced by Lender to protect the security of this Deed of Trust,exceed the following amount: � aa a�n_��
<br /> This provision shall not constitute an obligation upon or corrrrutment of Lender to make additional advances or loans to Grantor;and
<br /> (e)all amendments,extensions,renewals,modifications,replacements or substitutions to any of the foregoing.
<br /> As used in this Paragraph 1,the terms Grantor and Borrower shall include and also mean any Grantor or Borrower if more than one.
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Grantor represeMs,warrants and covenants to Lender that:
<br /> (a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all liens,security interests,encumbrances and claims
<br /> except for this Deed of Trust and those described in Schedule B,which is attached to this Deed of Trust and incorporated herein by reference,which
<br /> Grantor agrees to pay and perfoRn in a timely manner;
<br /> (b) Grarnor is in compliance in all respects with all applicable federal,state and local laws and regulations,including,without limitation,ihose relating to
<br /> "Hazardous Materials,"as defined herein, and other environmental matters(the "Environmental Laws"),and neither the federal govemment nor any
<br /> other govemmental or quasi govemmental errtity has filed a lien on the Property,nor are there any govemmental,judicial or administrative actions with
<br /> respect to environmental matters pending,or to the best of the Grantor's knowledge,threatened,which invoNe the Property. Neither Grantor nor,to the
<br /> best of Grentor's Iviowledge, any other party has used,generated,released,discharged, stored,or disposed of any Hazardous Materials as defined
<br /> herein,in connection with the Property or transported any Hazardous Materials to or from the Property. Grantor shall not corrxrit or permit such actions
<br /> to be taken in the future. The term "Hazardous Materials" shall mean any substance, material, or waste which is or becomes regulated by any
<br /> govemmental authority induding,but not limited to,(i)petroleum;(ii)fiable or nonfriable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designated as a"hazardous substance"pursuant to Section 311 of the Clean Water Act or listed pursuaM to Section 307 of the
<br /> Clean Water Act or any amendments or replacements to these statutes;(v)those substances, materials or wastes defined as a"hazardous waste"
<br /> pursuarn to Section 1004 of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and (vi) those
<br /> substanoes, mate�ials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive Environmental Response,
<br /> Compensation and Liability Act, or any amendmerrts or replacements to that statute or any other similar state or federal statute, rule, regulation or
<br /> ordinance now or hereafter in effect. Grantor shall not lease or perrr�t the sublease of the Property to a tenant or subtenant whose operations may
<br /> resuft in corrtamination of the Property with Hazardous Materials or toxic substanoes;
<br />
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