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<br /> At the option of Beneticiary, all or any part of the agreed f�es and charges, accrued interest and principal shall become
<br /> immediately due and payable, after giving notice if reyuired by law, upon the occurrence of a default or anytime thereafter.
<br /> In addition, Beneficiary shall be entitled to all the remedies providecl hy law, the Evidence of Debt, other evidences of deht,
<br /> this Deed of Trust and any related documents including without limitation, the power to sell the Property.
<br /> If there is a default, Trustee shall, in addition to any other permitted remedy, at the reyuest of the Beneficiary, advertise and
<br /> sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute title
<br /> fre.e and clear of all right, title and interest of Trustor at such time and place as Truste�e designates. Trustee shall give notice
<br /> of sale including the time, terms and place of sale and a description of the property to be sold as reyuired by the applicahle
<br /> law in effect at the time of the proposed sale.
<br /> Upon sale of the property an�l to the extent not prohibitecl by law, Truste.�shall make and deliver a�leed to the Property sold
<br /> which conveys ahsolute title to the purchaser, and after first paying all fees, charges and costs, shall pay to Beneficiary all
<br /> moneys advancecl for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest therec�n, and the
<br /> principal and interest on the Secured Debt, paying the surplus, if any, to Trustor. Beneficiary may purchase the Property.
<br /> The recitals in any deed of conveyance shall he prima facie evidence of the facts set forth therein.
<br /> All remeclies are distinct, cumulative and not exclusive, and the Beneficiary is entitlecl to all remeclies provided at law or
<br /> eyuity, whether expressly set forth or not. The acceptance by Beneficiary of any sum in payment or partial payment on the
<br /> Secured Debt after the balance is due or is accelerated or after forec;losure proce�clings are filed shall not constitute a waiver
<br /> of Beneficiary's right to reyuire full and complete cure of any existing default. By not exercising any remecly on Trustor's
<br /> default, Beneficiary does not waive Beneficiary's right to later consider the event a default if it continues or happens again.
<br /> 18. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when prohihited
<br /> by law, Trustor agrees to pay all of Beneficiary's expenses if Trustar breaches any covenant in this D�e�l of Trust. Trustor
<br /> wil( also pay on demand all of Beneficiary's expenses incurrecl in collecting, insuring, preserving or protec;ting the Property
<br /> or in any inventories, audits, inspec;tions or other examination by Benefieiary in respec;t to the Property. Trustar agrees to
<br /> pay all costs and expenses incurred by Beneficiary in enforcing or protecting Beneficiary's rights and remedies under this
<br /> Dexcl of Trust, including, but not limitecl to, attorneys' fees, court costs, and other legal expenses. Once the Secured Debt is
<br /> fully and finally paid, B�neficiary agrees to release this Deecl of Trust and Trustor agre�s to pay for any rec;or�lation costs.
<br /> All such amounts are due on demand ancl will bear interest from the time of the advance at the highest rate in effec;t, from
<br /> time to time, as providecl in the Evidence of Debt and as permitted by law.
<br /> 19. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As usecl in this section, (1) "Environmental Law"
<br /> means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42
<br /> U.S.C. 9601 et sey.), all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions
<br /> or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
<br /> "Hazardous Substance" means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has
<br /> characteristics which render the substance dangerous or potentially dangerous to the public health, safety, weifare or
<br /> environment. The term includes, without limitation, any substances definecl as "hazardous material," "toxic substances,"
<br /> "hazardous waste" or "hazardous substance" under any Environmental L.aw. Trustor represents, warrants and agrees that,
<br /> exc�pt as previously disclosecl and acknowleclgeci in writing:
<br /> A. No Hazardous Substance has been, is, or will be located, transportecl, manufactured, treateci, refinecl, or handled by
<br /> any person on, under or about the Property, except in the ordinary course of busi�ess and in strict compliance with
<br /> all applicable Environmental Law.
<br /> B. Trustor has not and will not cause, contribute to, or permit the release of any Hazardous Substance on the Property.
<br /> C. Trustor will immecliately notify Beneficiary if(1) a release or threatenecl release of Hazardous Substance occurs on,
<br /> under or ahout the Property or migrates or threatens to migrate from nearby property; or (2) there is a violation of
<br /> any Environmental Law concerning the Property. In such an event, Trustor will take all necessary remeclial action in
<br /> accordance with Environmental I.aw.
<br /> D. Trustor has no knowledge of or reason to believe there is any pending or threatenecl investigation, claim, or
<br /> procee�ling of any kind relating to (1) any Hazardous Substance located on, under or about the Property; or (2) any
<br /> violation by Trustor or any tenant of any Environmental Law. Trustor will immediately notify Beneficiary in writing
<br /> as soon as Trustor has reason to believe there is any such pending or threatenecl investigation, claim, or proceecling.
<br /> [n such an event, Beneficiary has the right, but not the obligation, to participate in any such proceeding inciuding the
<br /> right to receive copies of any documents relating to such proceeclings.
<br /> E. Trustor and every tenant have been, are and shall remain in full compliance with any applicable Environmental Law.
<br /> F. There are no underground storage tanks, private dumps or open wells locatecl on or under the Property and no such
<br /> tank, dump or well will be addecl unless Beneficiary first consents in writing.
<br /> G. Trustor will regularly inspect the Property, monitor the activities and operations on the Property, and confirm that
<br /> all permits, licenses or approvals reyuired by any applicable Environmental Law are obtainecl and complied with.
<br /> H. Trustor will permit, or cause any tenant to permit, Beneficiary or Beneficiary's agent to enter and inspec;t the
<br /> Property and review all rec;ords at any reasonable time to determine (1) the existence, location and nature of any
<br /> Hazardous Substance on, under ar about the Property; (2) the existence, location, nature, and magnitude of any
<br /> Hazardous Substance that has been released on, under or about the Property; or (3) whether or not Trustor xnd any
<br /> tenant are in compliance witb applicabl�Environmental Law.
<br /> I. Upon Beneficiary's reyuest and at any time, Trustor agrees, at Trustor's expense, to engage a yualified
<br /> environmental engineer to prepare an environmental audit of the Property and to submit the results of such audit to
<br /> Beneficiary. The choice of the environmental engineer who will perform such audit is subiect to Beneficiary's
<br /> approval. �
<br /> J. Beneficiary has the right, but not the obligation, to perform any of Trustor's obligations under this sec;tion at
<br /> Trustor's expense.
<br /> K. As a conseyuence of any breach of any representation, warranty or promise made in this sec;tion, (1) Trustor will
<br /> indemnify and hold Beneficiary and Beneficiary's successors or assigns harmless from and against all losses, claims,
<br /> demands, liabilities, damages, cleanup, response and remediation costs, penalties and expenses, including without
<br /> limitation all costs of litigation and attorneys' fe.es, which Bene�ciary and Beneficiary's successars or assigns may
<br /> sustain; and (2) at Beneficiary's discretion, Beneficiary may release this Deecl of Trust and in return Trustor will
<br /> provide Beneficiary with collateral of at least eyual value to the Property secured by this Deeci of Trust without
<br /> prejudice to any of Beneficiary's rights under this Deed of Trust.
<br /> � page 4 of 6
<br /> , �<�1993 Benkers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form AG/CO-DT-NE 10/30/97 � � "� ' �
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