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<br /> czccuted tor the purpose of crcating,sccu�ing ur�uarantying thc Sccured Debt. A 600d fatth bclief hy I.cndcr that �.'
<br /> 1 cnder ut any timc is insecure w[th respect W uny persun nr entity obligated on thc Securcd Dcbt or thut thc prospcct �
<br /> at Any pf�yment or thc value af thu Praperty is impHircd shal!nlso constitute an cvent af default.
<br /> 1S. ItEIYiEY➢IE�OI`J dD��AUII.T.In somc instanccs,fedend�nd titetc lew will requirc l.endcr to provide Grantar with �:__
<br /> noticc oi the rlght to curc or ather notices and may csteblish time schcdules far toreclasum.�ctiuns.Subjcct ta thcse _
<br /> limttations, if any.Le:ndcr may acceleratc the Securcd Debt And foreclosc this Security lnstrument in a munner �
<br /> provided by law lf Cirnntor is in dctault. _-
<br /> At the aption of Lender,all or xny part of the agreed fees and charges.accrued interest and principal shnll became =
<br /> immediatcly due and payable.after givfng natice if required by law.upon tho occurrence of a default or unytime
<br /> thercafter.In addltlon.Lcnder shaU bc entitled to all the remedies provided by law,the terms of the Secured Debt, �••
<br /> a�._;
<br /> this Sccuriry Instrumcnt und any rcluted dacumcnts,including without limituticm,thc puw�r tu sc11 thc Pruperty. _
<br /> it thctc !s a defuult.Trustce shaU,in addition to any othcr permiucd remcdy,at thc myuest��f thc lxndcr,advcrtise �.
<br /> and sell dte Property as a w}iole or in separate parcels at pubUc auction to thc highest biddcr tur cash and convcy _
<br /> absolute title:free and clear of all right, title and interest of Grantor at such time and placc as Trustcc dcsi�nates.
<br /> Trustee shall give notice of sule includia�the time,terms and place of sale and a dcscription of thc property to be sold
<br />_ as requircd by the appl[cable taw in effect at the time of the proposed sale.
<br /> il�n salc of the property and to the extent not prahibited by law,Tnutec shalt make and dcliver a decd to the Property _
<br /> sold which conveys absolute title to the purchaser.and after first paying all fees,charge��uid costs,shal!pay to I.ender ull
<br /> moneys advanced for repairs,taxes,insurance.liens,assessmenu and pnor encumbrances and interest thereon,and the
<br /> pri��ipal and interest on the Secured Debt,paying the surplus,if any,ta Grantor.Lender may purchase the Property.
<br /> The recitels ia tu►y deed of conveyance shall be prima facie evidence of the facts set forth therein.
<br /> All remedies are distinct,cumulative and not exclusive,and the I.ender is endded to all remedies provided at law or
<br /> equiry,whether or not expressly set forth.The acceptance by Lender of any sum in payment or partiai payment on the
<br /> Seciued Debt after the balance�s due or is accelerated or after foreclosure proceedings are filed shall not constitute a
<br /> waiver of Leader's right to require complete cure of any existin�default.By not exercisin�any temedy on Grantor's
<br />- default,Lender does not waive Lender's right to later constder the event a default if it continues or happens again.
<br /> 16. EXPENSES;ADVANCES ON COVENANTS;ATTORNEYS'FEFS;COLLECTION CO3TS.Except when -
<br /> prohibited by law,Grantor agrees to pay all of Lender's expenses if Grantor breaches any covenant tn this Security
<br /> Is�trazneAi.C3rantor w�11 atco�ay on demand anY en►ount incurred by Lender for insuring,inspecting.preserving or
<br />- othervvise protecting ihe Property and Lendsr's security interest.These e�enses wiil bear mieresi frou�ttiz dai�of
<br />- the payment until paid ln full at the highest interest rate in effect as provided in the terms of the Secured Debt.
<br /> Grantor agrees ta pay all costs and expenses incurred by L.ender in wUecttng,enforcing or protecting Lender's rights
<br /> and remed�es under this Security Instrument.This amount may include,but is not limited to.attomeys'fees,court
<br /> costs,and other legal expenses.This Security Insmiment shaU remain in effect until released.Grantar agrees to pay
<br /> for any recordation cosu of sucb retease.
<br /> 17. ENVIItONMENT.41.LAWS AND HAZARDOUS SUBSTANCES.As used in this section,(1)Environmentel Law
<br /> means,without limitation.the Comprehensive Envlronmental Response,Compensation and Liability Act(CERCLA,
<br /> 42 U.S.C.9601 et seq.),and all other federal.state and local laws,regulations,ordinances,court orders.attorney
<br /> general opinions or Interpretive letters concerning the public health. sefety,welfare.environment or a hazardous
<br /> substance; aad(2)Hazardous Substance means any toxic,radioactive or hazardous material,waste.pollutant or
<br /> contemInant wluch has characteristics which render the substance dangerous or potentIuUy dangerous to the public
<br /> health,safety,welfare or environmen�The term includes,without limitatiaa,any substances defined as"dazardous
<br /> matedal,""toxic substances;'"hazardous wasce"or"hazardous substance"under any Environmental Law.
<br /> Grantor represents,warcants and a$rees thaL
<br /> A. Except as previously disclused and acknowledged in writing to L,ender,ao Nazerdous Substance is or wiII be
<br /> locatted,stored or released on or in the Property.'This restriction does not apply to smail quantities of
<br /> Hazardous Substances that are generally recogaized to be approprtate for the normal use and maintenance af
<br /> the Property.
<br /> g, Except as previously disclosed and acknowledged in wrtting to L.ender,C3raator and every tenant have been,are.
<br /> and shall reraain in full compliance with any appllcable Env�ronmental Law.
<br /> C. (irantor shall imraediately nottfy L.ender if a release or threatened release of a Hazardous Substance occurs on.
<br /> under or about the Property or ti�ere is a violation of any Environmentel Law conceming the Properry.In sueh
<br /> an event,Grantor shall take all necessary remedlal action in accordance wtth any Environmeatal Law.
<br /> D. Grantor shall immedlately notify Lender in writing as soon as Granto:has reason to believe there is any
<br /> pending or throateaed'sa.�e°t�gatic E.claim,or proceeding relating to the release or thr�atened release of any
<br /> Hazardous Substance or the violation of any Bnvironmental Law.
<br /> - 18.CONDEiVIIVATION.Grantor will give Lendcr prompt notice af any pending or threatened uction.by private or
<br /> - public entities to purchase or take any or all of thc Property through condemnution,eminent domain,or any othcr
<br /> � means.Grantor autborjzes Lender to intervene in Grantor's name in any of the above described actions or claims.
<br /> Grantor assigns to Lender the proceeds of any a�ward or claim for damages connected with a condemnation or other
<br />-- taking of ail or any part of the Property.Such proceeds shaU be wnsidered paymeats and will be appIIed as provided in
<br />-= tMis Security Instrumeat.This assignment of praceed�is subject to the terms of any prior mortgage.deed of trust,
<br /> = securiry agreement or other lien documeat.
<br /> 19. IN5URANCE.Grantor shall keep Praperty insured against loss by Cre,flood,theft and other hazards and dsks
<br />� � w�..o��sr�.�.,�th rhe Prnnertv due to its type and location.This�nsurance shall be maintained in the amounts
<br /> L__/1..�
<br /> t�rOO�iYUV��
<br />-i and for the periods that Lender requires•The insurance carrier providing the insurance snaii'vr ci���� �� �•a���•
<br /> � subject to Lender's approval.which shall not be unreasonably withheld.If Cirantor fails to maintain the coveragc
<br /> described above,Lender may.at Lender's option,obtain coverage to protect L,endcr's rights in the Property ar.cording
<br />� to the terms of this Secwity Instrument.
<br /> All insurance policies and renewals shall be acceptable to L.:nder and shall include a standard"mortgase clause"and,
<br />� where epplicable."loss payee clause."Grantor shall immediately notify Ixnder of canceilation or termination of the
<br /> insurancc.Lender shall have the right to hold the policies anJ renewals.If Lender requires,Grantor shall immedlatcly
<br /> � give to Lender all receipts of patd premiums and renewal notices.Upon loss.Grantor shall give imn�ediate notice to
<br /> the insurance carrier and Lender.L.ender may make proof of loss if not made immediately by Grantor.
<br /> .� (p8ge 3 0/4)
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<br /> p 1844 Wrtom LYstems.MC..6t Clad.MN l�-BW�97-Z3�t)fam RE�OT-NE 8i91B'►
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