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<br />Property. Any action or inaction by the Borrower or Trustor occurs that adversely affects the Property or Beneficiary's rights in
<br />the Property. This includes, but is not limited to, the following: (a) Truster fails to maintain required insurance On the Property; (b)
<br />Trustor transfers the Property; (c) Triaxo r svmmlts waste or otherwise destructively uses or fails to maintain the Property such that
<br />the action or inaction adversely affects Beneficiary's security; (d) Trustor fit Ia to pay taxes on the Property or otherwise fails to ad
<br />and thereby causes a lien to be filed against the Pmperty that is senior to the lien of this Security Instrument, (c) u sole Trustor dies,
<br />(f) if more than one Trustor, day Trustor dies and beneficiary's security is adversely affected; (g) the Propel'[y is taken Through
<br />eminent domain; (h) ajudglncnt is filed against Trustor and s.6lccts Trustor and the Property to action that adversely affects
<br />Beneficuuy's interest; or fit a prior lienholdei forecloses on the Property and as a result, Beneficiary's interest is adversely
<br />affected.
<br />Executive Officers. Any Borrower is an executive officer of Beneficiary of an off l i ate and such l lot rower becomes indebted] to
<br />Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws and regulations.
<br />9. RE MED I ES ON DEFA U LT. In add it ion to any other remedy available under the terms ofthis Security l nstru anent, Beneficiary
<br />may accelefate the Secured Debt and tareclose this Security Instrument in a manner provided bylaw if Trustor is In default- In
<br />soma instances, federal and state Iuw will require Beneficiary to pruv ide Trustor with notice of the ri_;ht to care, Or other notices and
<br />may establsh time schedules for foreclosure actions- bach'frustor requests a copy of any notice of default and any nonce of sole
<br />thereunder be marled to each TmsLar it (lie address provided in Section I above.
<br />At the option of the Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall become
<br />immediately Jac and payable, after giving notice if required by law, upon the occurrence of a default or anytime thereafter.
<br />If there is a default, Trustee steal I, at the request of the Beneficiary, advertise and sell (lie Property as a whole or in separate parcels
<br />at public auction to the highest bidder for cash and convey absolute title free and clear of all right, title and interest of Trustor at
<br />such tine and place as Trustee designates, Trustee shell give notice of site including the hung, terms and place of sale and it
<br />description of the property to be sold as required by the applicable law in effect at the time of the fir eposed s'alc.
<br />Upon sale of the Property and to the extent not prohibited by law, Trustee sliall make and deliver a deed to the In'operty sold which
<br />conveys absolute title to the pw chaser, and after first paying all fees, charges and costs, shall pay to Beneficiary all moneys
<br />advanced for repairs, taxes, insurance, liens, assessments and prior encumbrances and micros( thereon, and the principal and interest
<br />on the Secured Debt, paying the surplus, if any, to Ti stor Beneficiary may purchase the Property. Tine recitals in any decd of
<br />conveyance shall be prima facie evidence of the facts set forth therein
<br />The acceptance by Beneficiary of any sum in paymenter partial payment on the Secured Debt after the balance is due or is
<br />accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Bcncficlury's right to require complete care it
<br />any existing default By net excreting ony remedy on Trustor'sdefault, Beneficiary does not waive Beneficiary's right to Inver
<br />consider the event a default it it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If Trustor brae hes any
<br />covenant in this Security Instrument, Trustor agrees to pay al I expenses Beneficiary incurs in perforating such covenacrs or
<br />protecting its security interest in the Property. Such expenses include, but arc not limited to, fees incurred Car Inspecting,
<br />preseinng, or otherwise protecting the Property and Bcncficiary's security interest. Those cxpenses are payable on demand and
<br />will bear interest from the data ofPcvmvu until paid in full at the highest rote of Interest in effect as provided in the terms of the
<br />Secured Debt. Trustor, agrees to pay all costs and expenses incurred by Beneficiary in colleetiug enforcing it prow cring
<br />Beneficiary's rights and mnu.�dies under this Sodomy Instrument. "Phis amount may include, but Is not limited to- Trustee's fens,
<br />court cost, and other legal expenses, To the extent permitted by the United States Bankruptcy Codo, Tru tdr agrees to pay the
<br />reasonable attorneys' fees Beneficiary incurs to collect the Seared Debt as awarded by any court exereis'iog]urisdidlon under the
<br />Bankruptcy Coda This Security Instrument shall remain in effect until released. Trustor agrees to pay for any rewrdution costs of
<br />such release.
<br />11. ENVIRONMEN TAL LAWS AND HAZARDOUS . SUBSTANC ES. As used in this section,(' I) Environmental Law means,
<br />without Iimust o , the Comprehensive Env ronmcntal Response, Compensation and Liability Act (CERCLA, 42 L.S.C. 9601 or
<br />sot,.), and oll other federal, state and local laws, regul,nars, ordinances, court coders, aItOmcy gcncml opinions in
<br />letters concerning the public health, safety, welfare, enviraanentor a hazardous substance; and (2) Hazardous Substance uncoils out
<br />foxIe, adioactive or hazardous material, waste, pollutant or contaminant which has char acteristics which render the substance
<br />dangerous or potentially dangerous to the public health, safety, welfare or unv'u'omnent The term includes, without limitation, anv
<br />substances defined'as'9razardous material," "toxic substances, "hazardous waste" or "hazardous substance' under any
<br />Environmental Law.
<br />Trustor represents, warrants and agrees that
<br />A -Except as previously disclosed and acknowledged in writing to Beneficiary, no Hazardous Substance is Or will be lucuted,
<br />stored ur released on or in the Property. This restriction does not apply to small quantities of Hazardous Substances that are
<br />generally recognized to be appropriate for the normal use and maintenance of the Property. 12776
<br />Lxpara— D1994 Hankers S'ystenu, lea, St Claud, MN Ibrm USBOCRDT -NE 9/512001
<br />(page = tit 61
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