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TEI.EF1if�NE.NO. i.,. lGE1V'I'�A'fKSt!�10: ;: , < ' <br /> _ .....:..............: ... ........ <br /> ,,: <br /> 505-82-0051 <br /> TRUS�E: II.B. HANK NATIOiV]►L A880CIATIO�i <br /> FARCiO, ND 58103 3as � e- � <br /> n consi ration o t e oan or ot er cr n acco tion ere na er spea an any ture a ances or uture igations,as e n erein,w i <br /> may hereinafter be advanced or incurred and the trust hereinafter mernioned and other good and valuable consideration,the receipl and sufficiency of which <br /> are hereby acknowledged, Grantor hereby irrevocably warrarrts, bargains, selis, transfers, grants, conveys and assigns to Trustee, his successors and <br /> assigns,IN TRUST WITH POWER OF SALE for the benefit and security of II.s. BANK NATI�iAL A880CIATIOIQ ND <br /> ("Lender"), the <br /> benefiaary under this Deed of Trust,under and sub�ect to the terms and conditions herein set forth,with right of entry and possession all of Grantor's presern <br /> and future estate,right,tille 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 present and future improvements and fixtures;all tangible personal property including without limitation all machinery, <br /> equipment, building materials, and goods of every nature (excluding consumer goods) now or hereafter located on or used in connection wfth the real <br /> property,whether or not afflxed to the land; privileges, hereditaments, and appurtenances including all developmeM rights associated with ihe Property, <br /> whether previously or subsequently transferred to 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 rights and stocks pertaining to the real <br /> property(cumulatively"Property");to have and to hold the Property and the righis 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,Grantor 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, liabilhies, obligations and <br /> oovenants of Borcower or Grantor(cumulatively"Obligations")to Lender pursuant to: <br /> (a)this Deed of Tn�st and the following promissory notes and other agreements: <br /> ;>: RqINCERA�,AM�fJN�f �1Q1'�J ��t7'Y : '.: ; l.PJkN :: <br /> "' CR�41T�;#IwftT >`aqR�EM��I'T�?�ATEc ;; ;�7A'I'f > > >;N�1Nf8�f�: '. <br /> 18,485.23 04/24/99 05/10/09 66200105272910001 <br /> (b)all other present or uture,wrmen agreements wtt en r t at re er spea y to is ee o rust a er execu or a same or different <br /> purposes than the foregoing); <br /> (c) any guaranty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust; <br /> (d) future advances,whether obligatory or optional,to the same extent as if made contemporaneously with the execution of this Deed of Trust,made or <br /> extended on behalf of Grantor 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 /> until payment in full of all debt due under the line notwithstanding ihe fact that from time to time(but before terrrination 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 including sums advanced by Lender to protect the security of ihis Deed of Trust,exceed the foliowing amount: $ �N,AAS_23 <br /> This provision shall not constitute an obligation upon or commitment of Lender to make additional advances or loans to Grantor;and <br /> (e)all amendments,extensions,renewals,modifications,replacements or substitutions to any of ihe foregoing. <br /> As used in this Paragraph 1,the temis GraMor and BoROwer shall indude and also mean any Grarrtor or Borrower if more than one. <br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Grantor represents,warranis 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 ihis Deed of Trust and those described in Schedule B,which is attached to ihis Deed of Tn.ist and incorporated herein by reference,which <br /> Grantor agrees to pay and perform in a timely manner; <br /> (b) Grantor is in compliance in all respects with all applicable federal,state and local laws and regulations,including,without limitation,those relating to <br /> "Hazardous Materials,"as defined herein, and other environmental matters(the"Environmerital Laws"),and neither the federal govemment nor any <br /> other govemmental or quasi govemmental entity has filed a lien on the Property,nor are there any governmental,judicial or administrative actions with <br /> respect to environmental matters pending,or to the best of the Grantor's knowledge,threatened,which involve the Property. Neither Grantor nor,to the <br /> best of Grantor's knowledge, 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 corrmit or perrrrit 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 including,but not limited to,(i)petroleum;(ii)friable 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 pursuant 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 /> pursuant to Section 1004 of the Resource Conservation and Recovery Act or any amendmerrts or replacements to that statute; and (vi) ihose <br /> substanoes, materials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive EnvironmeMal Response, <br /> Compensation and Liability Act, or any amendments or replacements to that siatute or any other siMlar state or federal statute, rule, regulation or <br /> ordinance now or hereafter in effect. Grantor shall not lease or permit the sublease of the Property to a tenant or subtenant whose operations may <br /> result in contamination of the Property with Hazardous Materials or toxic substances; <br />