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M M11 11':, E= Unless Beneficiary and I roster otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged if the restoration or repair is economically feasible and Beneficiary's security is not lessened. If the restoration or repair is not econarnically feasible or Beneficiary's security would be lessened, the insurance proceeds shall be applied to the Secured Debt, whether or not then due, with any excess paid to Truster. If Trustor abandons the Property, or does not answer within 30 days a notice from Beneficiary that the Insurance carrier has offered to settle a claim, then Beneficiary may collect the insurance proceeds. Beneficiary may use the proceeds to repair or restore the Property er to pay the Sacured Debt whether or not than due. The 30 -day period will begin when the notice is given. Unless Beneficiary and Trustor otherwise agree In writing, any application of pmcaeds to principal shall not extend or postpone the due data of scheduled payments or change the amount of the payments. If the Property is acquired by Beneficiary. Truster's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt Immediately before the acquisition. B. Trustor agrees to maintain comprehansive general liability insurance naming Beneficiary as an additional insured in an amount acceptahla to Beneficiary, insuring against claims arising from any accident or occurrence in or on the Property. C. fluster agrees to maintain rental loss or business interruption insurance, required by Beneficiary, in an amount equal to at least coverage of one year's- debt service, and required escrow account deposits (if agreed to separately In writing), under a form of policy acceptable to Beneficiary. 21. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a %operate agreement, Truster will nal he required to pay to Beneficiary funds for taxes and insurance in escrow. 22. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem necessary. Trustor warrants that all financial statements and information Trustor provides to Beneficiary are. or will be, accurate, correct, and complete. Trustor agrees to sign, deliver, and file as Beneficiary may reasonably request any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Truster's obligations under this Deed of Trust and Beneficiary's lien status on the Property. It Iroster fails to do so, Beneficiary may sign, deliver, and file such documents or certificates in Truster's name and Trustor hereby irrevocably appoints Beneficiary or Beneficiary's agent as attorney in fact to do the things necessary to comPly with this section. 23. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Deed of Trust are joint and Individual, If Truster signs this Dead of Trust but does not sign the Fvidence of Debt, Trustor does so only to mortgage Tnlster's interest in the Property to secure payment of the Secured Debt and lrustor does not agree to be personally liable on the Secured Debt lrustor agrees that Beneficiary and any party to this Deed of I rust may extend, modify or make any change in the terms of this Decd of Trust or the Evidence of Debt without Truster's consent. Such a change will not release Truslor from the terms of this Deed of Trust. The duties and benefits of this Deed of Trust shall bind and benefit the successors-and assigns of Truster and Beneficiary. If this Deed of Trust secures a guaranty between Beneficiary and Trustor and does not directly secure the obligation which is guarantied, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action er claim against Truster or any party indebted under the obligation including, but not limited to, anti deficiency or one- action laws. 24. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Deed of Trust is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Deed of Trust is complete and fully integrated. This Deed of Trust may not be amended or modified by oral agreement. Any section or clause In this Dead of Trust, attachmcuts, or any agreement related to the Secured Debt that conflicts with applicable law will not he effective, unless that law expressly or impliedly permits the variations by written agreement. If any section or clause of this Deed of Trust cannot be enforced according to its terms, that section or clause will be severed and will not affect the enfurceablllty of tic remainder of this Deed of Trust. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the actions of this Deed of Trust are for convenience only and are not to be used to Interpret or define the terms of this Deed of Trust. Time is of the essence In this Decd of Trust. 25. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Tmstse by this Deed of Trust and applicable law. 26. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Deed of Trust, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusters. /� � Icave 5 or et Fj[�g �{ @J19B3. 2001 aenkars SyMemq Inc.. at Cloutl. MN FOim PGl0.aESINE 3/1/i00],