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eOITtl L CALLI1Wi CSOPO% S. CALLIX . EMIT% L. CALLINAN, NYeBANp Arm MI%%
<br />Recording Requested by &
<br />When Recorded Return To:
<br />ADORERS'
<br />2925 Country Drive Ste 201
<br />a33 MI=T% aim
<br />cwam Ialeau. an seea3asso St. Pail, MN 55'1
<br />Titi .,is .AN. NATSONAL A95OCSATIOl1 Na
<br />4325 17TH AVENae awl eased, we 56303
<br />In consideratian of the loan or other credit accommodation hereinafter specified and any future - advances Or future Ohligatiabs, as defined
<br />herein, which may hereinafter be advanced or incurred and the trust hereinafter mentioned and Other goad and valuable consideration, the
<br />receipt and sufficiency of which are hereby acknowledged, Grantor hereby Irrevocably warrants, bargains, sells, transfers, grants, conveys and
<br />assigns to Trustee, he successors and ..Egos, IN TRUST WITH POWER OF SALE for the benefit and security of (Lender "), [M1e
<br />a.s._ E. HAiia
<br />beneficiary an der this Deadrof Treat, Under and subject to the terms and Conditions herein set hi .,in light of entry and pte Session all Of
<br />Grantor's present and future estate, right title and interest in and to the real property described in Schedule A which is attached to this Deed of
<br />Trust and incorporated herein by this reference, together with all present and future improvements and fixtures; all tangible personal property
<br />innlud'mg without limitation all machinery, equipment building materials, and goods of every nature Excluding consumer goodel Paw or
<br />hereafter located on O r used in connection with the real property, whether or not affixed to the lend; privileges, hereditaments, and
<br />appur[enancea inclumng all development rights associated with the Property, whether previously or subsequently transferred to the Property
<br />from other real pro party Or now or hereafter susceptible of transfer from this Property to other real property; leases, licenses and other
<br />agreements; rents', Issues and profits; wate4 well, ditch, reservoir end mineral rights and stocks pertaining to the real property (cumulatively
<br />"Property "l; to have and to hold the Property and the rights hereby granted for the use and benefit of Lender, his successors and assigns, until
<br />payment in full Of all Obligations secured hereby.
<br />Moreover, in further consideration, Grantor does, for Grantor and Grantor's heirs, representatives and assigns, hereby expressly warrant,
<br />covenant, and agree with Lender and Trustee and their successors and assigns as follows:
<br />1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present and future Indebtedness, liabilities, obligations
<br />and covenants of Burrower or Grantor (cumulatively "Obligations ") to Lender pursuant to
<br />lal this Deed of Trust and the following promissory notes and other agreements-
<br />35,000.00 12/12/01 12/12/31 00003000020290
<br />Th) all other present or future, written agreements with Lender that refer sp..,tiP.11, to this Deed of Trust (whether exeaatsd far the a.m.
<br />or different purposes than the foregaingr
<br />(r,) any guaranty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br />Idl future advances, whether Obligatory or optional, to the same extent as if made contemporaneously with the execution of this Dead of
<br />Trust, made or extended on behalf of Grantor or Borrower. Grantor agrees that if one of the obligations is a line of credit, the lien of this
<br />Deed of Trust had continue until payment In full of all debt due under the line notwithstanding the fact that from time to time but before
<br />termination of the line) no balance may be outstanding. At no time during the term of this Dead of Trust or any extension thereof shall the
<br />unpaid and outstanding secured principal future advances, not including sums advanced by Lender to protect the security of this Deed of
<br />Trust, ¢ x Bed the fellOWing amacmi $ 35 a..00 _ This p osition shall not constitute an obligation UPon of commitment of Lender
<br />to make additional advances or loans to Grantor; and
<br />(a) all amendments, extensions, renewals, modifications, replacements or substitutions to any of the foregoing.
<br />As used in this Paragraph 1, the terms Grantor and Borrower shall include and also mean any Grantor or Borrower if more than one.
<br />2. REPRESENTATIONS, WARRANTIES AND COVENANTS. Grantor represents, warrants and covenants to Lender that:
<br />(a) Grantor has tee simple marketable title to the Property and shall maintain the Property free of all liens, security interests, encumbrances
<br />and claims axcep[ for this Deed of Trust and those described in Schedule B. which is attes lieu to this Deed of Trust and incorpol'also herein
<br />by reference, which Grantor agrees to pay and perfunn In a timely manner;
<br />To) Grantor is In compliance In all respects with all applicable federal, state and local laws and regulations, including, without limitation,
<br />those relating to "Hazardous Materials," as defined herein, and other environmental matters (the "Environmental Laws "), and neither the
<br />federal government nor any other governmental Or quasi governmental entity has filed a lien on the Property, nor are there any
<br />governmental, judicial or administrative actions with respect to environmental matters pending, or to the bast of The Grantors knowledge,
<br />threatened, which Involve the Property. Neither Grantor nor, to the best of Grantor's knowledge. any other party has used, generated,
<br />releasnd, discharged, stored, or disposed of any Hazardous Materials as defined herein, in connection with the Property or transported any
<br />Hazardous Materials to or from the Property. Grantor shall not commit or permit such actions to be taken in the future. The term
<br />"Hazardous Materials" shall mean any substance, material, or waste which is of becomes regulated by any governmental authority
<br />including, but not limited to, lit petroleum; (ill friable Or certifiable asbestos; )iii) polychlorinated biphenyl.; rvl those substances, materials
<br />or wastes designated as a "hazardous substance" pursuant To Section 311 of the Clean Water Actor listed pursuare m Section 307 of the
<br />Clean Water Act or any amendments or replacements to these statutes; Iv) those substances, materials Or wastes defined as a "hazardous
<br />waste" pursuant to Section 1004 Of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and
<br />Pill those substances, materials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive
<br />Environmental Response. Compensation and Liability Act, or any amendments or replacements to that statute or any other similar state or
<br />federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shall not lease or permit the sublease of the Property to A
<br />tenant or subtenant who.. Operations may result in contamination at the Properly with Hazardous Materials or toxic substances;
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<br />DEED OF TRUST
<br />00463//C1jlB32
<br />eOITtl L CALLI1Wi CSOPO% S. CALLIX . EMIT% L. CALLINAN, NYeBANp Arm MI%%
<br />Recording Requested by &
<br />When Recorded Return To:
<br />ADORERS'
<br />2925 Country Drive Ste 201
<br />a33 MI=T% aim
<br />cwam Ialeau. an seea3asso St. Pail, MN 55'1
<br />Titi .,is .AN. NATSONAL A95OCSATIOl1 Na
<br />4325 17TH AVENae awl eased, we 56303
<br />In consideratian of the loan or other credit accommodation hereinafter specified and any future - advances Or future Ohligatiabs, as defined
<br />herein, which may hereinafter be advanced or incurred and the trust hereinafter mentioned and Other goad and valuable consideration, the
<br />receipt and sufficiency of which are hereby acknowledged, Grantor hereby Irrevocably warrants, bargains, sells, transfers, grants, conveys and
<br />assigns to Trustee, he successors and ..Egos, IN TRUST WITH POWER OF SALE for the benefit and security of (Lender "), [M1e
<br />a.s._ E. HAiia
<br />beneficiary an der this Deadrof Treat, Under and subject to the terms and Conditions herein set hi .,in light of entry and pte Session all Of
<br />Grantor's present and future estate, right title and interest in and to the real property described in Schedule A which is attached to this Deed of
<br />Trust and incorporated herein by this reference, together with all present and future improvements and fixtures; all tangible personal property
<br />innlud'mg without limitation all machinery, equipment building materials, and goods of every nature Excluding consumer goodel Paw or
<br />hereafter located on O r used in connection with the real property, whether or not affixed to the lend; privileges, hereditaments, and
<br />appur[enancea inclumng all development rights associated with the Property, whether previously or subsequently transferred to the Property
<br />from other real pro party Or now or hereafter susceptible of transfer from this Property to other real property; leases, licenses and other
<br />agreements; rents', Issues and profits; wate4 well, ditch, reservoir end mineral rights and stocks pertaining to the real property (cumulatively
<br />"Property "l; to have and to hold the Property and the rights hereby granted for the use and benefit of Lender, his successors and assigns, until
<br />payment in full Of all Obligations secured hereby.
<br />Moreover, in further consideration, Grantor does, for Grantor and Grantor's heirs, representatives and assigns, hereby expressly warrant,
<br />covenant, and agree with Lender and Trustee and their successors and assigns as follows:
<br />1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present and future Indebtedness, liabilities, obligations
<br />and covenants of Burrower or Grantor (cumulatively "Obligations ") to Lender pursuant to
<br />lal this Deed of Trust and the following promissory notes and other agreements-
<br />35,000.00 12/12/01 12/12/31 00003000020290
<br />Th) all other present or future, written agreements with Lender that refer sp..,tiP.11, to this Deed of Trust (whether exeaatsd far the a.m.
<br />or different purposes than the foregaingr
<br />(r,) any guaranty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br />Idl future advances, whether Obligatory or optional, to the same extent as if made contemporaneously with the execution of this Dead of
<br />Trust, made or extended on behalf of Grantor or Borrower. Grantor agrees that if one of the obligations is a line of credit, the lien of this
<br />Deed of Trust had continue until payment In full of all debt due under the line notwithstanding the fact that from time to time but before
<br />termination of the line) no balance may be outstanding. At no time during the term of this Dead of Trust or any extension thereof shall the
<br />unpaid and outstanding secured principal future advances, not including sums advanced by Lender to protect the security of this Deed of
<br />Trust, ¢ x Bed the fellOWing amacmi $ 35 a..00 _ This p osition shall not constitute an obligation UPon of commitment of Lender
<br />to make additional advances or loans to Grantor; and
<br />(a) all amendments, extensions, renewals, modifications, replacements or substitutions to any of the foregoing.
<br />As used in this Paragraph 1, the terms Grantor and Borrower shall include and also mean any Grantor or Borrower if more than one.
<br />2. REPRESENTATIONS, WARRANTIES AND COVENANTS. Grantor represents, warrants and covenants to Lender that:
<br />(a) Grantor has tee simple marketable title to the Property and shall maintain the Property free of all liens, security interests, encumbrances
<br />and claims axcep[ for this Deed of Trust and those described in Schedule B. which is attes lieu to this Deed of Trust and incorpol'also herein
<br />by reference, which Grantor agrees to pay and perfunn In a timely manner;
<br />To) Grantor is In compliance In all respects with all applicable federal, state and local laws and regulations, including, without limitation,
<br />those relating to "Hazardous Materials," as defined herein, and other environmental matters (the "Environmental Laws "), and neither the
<br />federal government nor any other governmental Or quasi governmental entity has filed a lien on the Property, nor are there any
<br />governmental, judicial or administrative actions with respect to environmental matters pending, or to the bast of The Grantors knowledge,
<br />threatened, which Involve the Property. Neither Grantor nor, to the best of Grantor's knowledge. any other party has used, generated,
<br />releasnd, discharged, stored, or disposed of any Hazardous Materials as defined herein, in connection with the Property or transported any
<br />Hazardous Materials to or from the Property. Grantor shall not commit or permit such actions to be taken in the future. The term
<br />"Hazardous Materials" shall mean any substance, material, or waste which is of becomes regulated by any governmental authority
<br />including, but not limited to, lit petroleum; (ill friable Or certifiable asbestos; )iii) polychlorinated biphenyl.; rvl those substances, materials
<br />or wastes designated as a "hazardous substance" pursuant To Section 311 of the Clean Water Actor listed pursuare m Section 307 of the
<br />Clean Water Act or any amendments or replacements to these statutes; Iv) those substances, materials Or wastes defined as a "hazardous
<br />waste" pursuant to Section 1004 Of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and
<br />Pill those substances, materials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive
<br />Environmental Response. Compensation and Liability Act, or any amendments or replacements to that statute or any other similar state or
<br />federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shall not lease or permit the sublease of the Property to A
<br />tenant or subtenant who.. Operations may result in contamination at the Properly with Hazardous Materials or toxic substances;
<br />NmU 1 11 ") nev. rse vans t or a
<br />
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