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200303704 Property. Any action or inaction by the Borrower or Tryon that adversely affects the Property or Beneficiary's rights in the Property. This includes, but is not Dmned to, the following: (a) Trustor fails to nraintoio required insurance on the Property; (b) 'Trustor tramfers the Property; (c) Trustor commits waste or otherwise destructively uses or fails to maintain the Property such that the action or inaction adversely affects Beneficiary's security; (d)'I'rmter fails to pay taxes on the Property, or otherwise fails to act and thereby causes a lion to be filed against the Property that is senior to the Ilea ofthis Security Instrument, (e) a sole Tmstor dies; (t) if more than one 'I'faster, any Tms'tur dies and Beneficiary's security is adversely affected; (g) the Property is taken through eminent domain; (h) ajudgment is filed against Trustor and subjects Trustor and the Property to action that adversely affects Beneficiary's interest, or fit a prior lienholder forecloses on the Property and as a result, Beneficiary's interest is adversely affected, Executive Officers. Any Believe, is an executive officer of Beneficiary or an affiliate and such Borrower becomes indebted to Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws and regulations. 9. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms ofthis Security Instrument, Beneficiary may accelerate the Secured Debt and bootless this Security Imlrenenl in a mminer provided by law if Truster is in default In some ins'Iances, federal and state law will require Beneficiary to provide Trustor with notice of the right to cure, or other notices and may establish time schedules for foreclosure actions- Fach Toaster requests a copy of any notice ofdePoult and any notice of sale thereunder he mailed to each Truster at the address provided in Section I shave. At the option of the Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall become immediately due and payable, after giving notice if required by law, upon the occun'ence ore deflult or anytime thereafter. If there it a default,'1'rustcc shall, at the request of the Beneficiary, advertise and sell the Property as a whole ca ill separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of all right, tide and interest of enter at such time and place as Ti stee designates- 'Trustee shall give notice of sale including the time, terms and place of sale and a description of the property to be sold as required by the applicable law in effect ut the time of the proposed sale Upan sale ofthe Property and to the extent not prohibited by law, Trustee shall make and deliver a decd la the Property said which conveys absolute title to the purchaser, and after fast paying all fees, charges and costs, shall pay to Beneficiary all moneys advanced for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon, and the principal and interest on the Secured Debt, paying the surplus, it any, to'Itustor. Beneficiary may purchase the Property. The recitals in any deed of conveyance shall be prima facie evidence of the flair set forth therein. The acceptance by Beneficiary of any sun in payment on partial payment on the Secured Debt after the bulance is due or is accelerated or afar foreclosure proceedings are Filed shall not constitute a waiver of Beneficiary's right to require complete cure of any existing default By not exercising any rcmcdy on Trustor's default, Beneficiary does not waive Beneficiary's right to later consider the event a default if it happens again. 10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If Tmstor breaches any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in performing such covenants or protecting its security interest in the Property. Such expenses include, butare not limited to, fees incurred fur inspecting, preserving, or otherwise protecting the Property and Beneficiary's security interest These expenses are payable on demand and will bear interest from the date ofpayment until paid in full at the highest late of interest in effect as provided in the terms of the Secured Debt, Trustor agrees to pay ill costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and remedies under this Security Instrument I' his amount may include, but is not limited to, Trustee's fees, corm costs, and other legal expenses. To the extent permitted by the United States Bankruptcy Code, Trustor agrees to pay the reasonable attomeys' fees Beneficiary incurs to collect the Secured Debt as awarded by any court exorcising junta iction under the Bankruptcy Code, This Security Instrument shall remain in effect until released. Trustor agrees to pay for any recordation costs of such release. 11. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this. .,,clam, (1) En,... mental Law means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CBl(CLA, 42 U.S.C. 9601 at seq -), and all other federal, stare and local laws, regulations, ualinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazurdlous substance; and (2) Hazardous Substance means any toxic, mdivactive or hazurdous material, waste, pollutant or contaminant which has characteristics Much render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment. The term includes, without horacfion, any substances defined as -'hazardous malarial; toxic substances, "hazardous waste' or " hazardous substance" under any Environmental law_ Trustor represents, warrants and agrees that: A .Except as previously disclosed and acknowledged in writing to Beneficiary, no Hazardous Substance is or will be flared, stared or released on or in the Property_ This restriction does not apply to small quantities of Hazardous Substances that arc generally ecu8nind in be appropriate for the normal use and maintenance of the Property. 12776 Pxpere'® C1994®nnkels Systems, I nc, St_ Cloud, TAN PomUSDOCP -DT -NE 9 /5/2001 (,.,, 4 of 6)