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<br />Financial Reports and Additional Documents. Tractor will provide to Beneficiary upon request, any financial statement
<br />or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional
<br />documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Trustor's obligations
<br />under this Security Instrument and Beneficiary's lien status on the Property.
<br />6. WARRANTY OF TITLE. Trustor warrants that Truster is or will be lawfully seized of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of
<br />,sale. Truster also warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. DUE ON•,SALE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to he immediately due and
<br />payable upon the creation o , or contract for the creation of, a transfer or sale of the Property. This right is subject to the
<br />restrictions imposed by federal law (12 CEK 591), as applicable.
<br />8. DEFAULT. Truster will he in default if any of the following occur:
<br />Fraud. Any Consumer Borrower engages in fraud or material misrepresentation in connection with the Secured Debt that
<br />is an open end home equity plan.
<br />Payments. Any Consumer Borrower on any Secured Debt that is an open end home equity plan fails w make a payment
<br />when due.
<br />Property. Any action or inaction by the Borrower or Truster occurs that adversely affects the Property or Beneficiary's
<br />rights in the Property. This includes, but is tun limited lo, the following: (a) Truster fails to maintain required insurance
<br />on the Property; (b) Trustor transfers the Property, (y 'Trustor commits waste or otherwise destructively uses or fails to
<br />maintain the Property such that the action or inaction adverse), affects Beneficiary's security (d) Trustor fads m pay lazes
<br />on the Property or othrosee fails to act and thereby causes alien to be filed against the Property that is senior to the lien
<br />of this Security Instrument (e) a sole 'I restor dies; (f) if more than one "frustor, any Truster dies and Beneficiary's
<br />security is adversely affected; (g) the Property is taken through eminent domain; (h) a judgment is filed against Truster and
<br />,adject, Trustor and the Property to action Ihat adversely, affects Beneficiary's interest; or (i) a prior lienholder forecloses
<br />on the Property and as a resu t, Beneficiary's interest 1s a versely affected.
<br />Executive Officers. Any Burrower is an executive officer of Beneficiary or an affiliate and such Borrower becomes
<br />indebted to Beneficiary or another lender in an aggregate amount greater than the amount permitted under federal laws and
<br />regulations.
<br />9. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms of this Securi� Instrument,
<br />Beneficiary may accelerate the Secured Debt and foreclose this Security Instrument in a counter provided by aw if Trustor
<br />is in default. In some instances, federal and state law will require Beneficiary to provide Trustor with notice of the right to
<br />cure, or other notices and may establish time schedules for foreclosure actions. Each Trustor requests a co py of any notice
<br />of default and any notice of sale thereunder be mailed to each Trustor at die 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 princi al shall become
<br />immediately due and payable, after giving notice if required by law, upon the occurrence of a de�ault or anytime
<br />thereafter.
<br />It there is a default, Trustee shall, at the request of the Beneficiary, advertise and sell the Property as a whole or in
<br />separate parcels at public auction in the highest bidder for cash and convey absolute title free nra clear of all fight, title
<br />and interest of Trustor at such time and place as Trustee designates. Trustee shall give notice of sale including the time
<br />terms and place of sale and a description of the Property to be sold as required by the applicable law in effect at the time of
<br />the proposed sale.
<br />Upon sale of the property and to the extent not prohibited by law,_Tmstee shall make and deliver a deed to the Property
<br />sold which conveys absolute title to the purchaser, and alter hrvt paying all fees, charges and costs, shall pay to
<br />Beneficiary all moneys advanced for repairs, taxes, insurance, liens, assessments anti prior encumbrances and interest
<br />thereon, and the principal and interest on the Secured Debt, V,ayying the surplus, if any, to Trustor. Beneficiary may
<br />purchase the Property The recitals in any deed of conveyance sha I he prima 1'ncie evidence of the facts set forth therein.
<br />The acceptance by Beneficiary of any sum in payment or partial payment on the Secured Debt after the balance is due or is
<br />accelerated or after foreclosure proceedings are bled shall not constitute a waiver of Beneficiary's right to require complete
<br />cure of any existin{,• default. By not exercising any remedy on Torsion's default, Beneficiary does not waive Beneficiary's
<br />right to later consider the event a default if it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If Trustor breaches
<br />any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in perfnmdng such
<br />covenants or protecting its security interest in the Property. Such expenses include, but are not limited to, fees incurred for
<br />inspecting, preserving, or otherwise protecting the Property and Beneficiary's security interest. These expenses are payable
<br />on demand and will bear interest from the date of payment until paid in full at the highest rate of interest in effect as
<br />provided in the terms of the Secured Debt. Trustor agrees to pay all costs and expenses incurred h Beneficiary in
<br />collecting enforcin6• or protecting Beneficiary's rights and remedies under this Security Instrument Tyhis amount may
<br />include, but is nut limited to, 'Trustees fees, court costs, and other legal expenses. To the extent Permitted h the United
<br />g
<br />States Bankruptcy Code, Trustor agrees to pay the Per the Ban attorneys' fees Beneficiary cl incurs to collect the Secured Debt
<br />as awarded by any court exercising f ris any under the Bs of such Cede. This Security Instrument shall remain in effect
<br />until release Trustor agrees to pay for any recordation costs of such release.
<br />11. ENVIRONMENTAL. LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, without limitation, the Comprehensive Environmental Response. Compensation and Liabilityy Act (CERCLA, 42
<br />U.S.C. 9601 et seq.), and all other federal, state and heal laws, regulations, ordinances, court orders, attorney general
<br />opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
<br />Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has
<br />characteristics which render the substance dangerous or potentially dangerous to the public health safety, welfare or
<br />environment. The term includes, wiWoul limitation, any substances defined is "hazardous material," "toxic substances,"
<br />"hazardous waste" or "hazardous substance" under any Lnvironmental 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
<br />located, stored or released on or in the Property. This restriction does not apply m small quantities of Hazardous
<br />Substances that are generally recognized to he appropriate for the normal use anti maintenance of the Property.
<br />B. Except as previously disclosed and acknowledged in writing to Beneficiary, Truster and every tenant have been, are,
<br />and shall remain in full compliance with any applicable Environmental Law.
<br />C. Trustor shall immediately notify Beneficiary 1f a release or threatened release of a Hazardous Substance occurs on,
<br />under or about the Property or there is a violation of any Environmental Law concerning the Property. In such an
<br />event, Trustor shall take all necessary remedial action in accordance with any Environmental Law.
<br />1ea9e Hof al
<br />6'1994 Banker, Syn— Inc., St c—sir MN Farm OeP as DT NF 1113;99
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