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<br />292
<br />Country Drive
<br />lea aRseranwo XLve St, BUI, MN 55117
<br />epaHO IALAH➢. 6 688017251 ./
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<br />THU6TEE: p_9. BARN HATSONAL ASSOCIATION rat
<br />25 17TH Avalon By, XAROO. HO 583a3
<br />In consideration of the loan Or other credit accontmodonce hereinafter specified end any future ativancae br future Lgatlons, as defined
<br />herein, which may hereinafter be advanced or Incurred and the treat hereinafter mentioned and other good 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, his ........a and assigns. IN TRUST WITH POWER OF SALE for the benefit and security ei (•Lentler "1, the
<br />U S. BASS mz_ ASSOCIa"10- an
<br />beneficiary undo, this Deed of Trust, under and subject to the terms and conditions herein sat torch, with right of entry and possession 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 Dead of
<br />Trust and incorporated herein by this reference, together with all present and future improvements and fixtures; all tangible personal property
<br />including without limitation all machinery, equipment, building materials, and goods of every nature lexcluding consumer goods) now or
<br />hereafter located on or dead in connection with the real property, whether In not affixed to the land; privileges, hereditament$, and
<br />appurtenances including all development rights associated with the Property, whether previously or subsequently transferred to the Property
<br />from other real property or now or hereafter susceptible of transfer from this Property to other real property; leases, licenses and Offer
<br />agreements; rents, Issues and profits; water, well, ditch, reservoir and appeal rights and end stocks pertaining to the real property (cuulatively
<br />'Property "); to have and to hold the Property and the rights hereby granted for the use and cement of Lender, his successors and assigns, until
<br />payment in full of all Obligations secured hereby, representatives and assigns, hereby expressly warrant,
<br />Moreover, in further consideration, Grantor does, for Grantor and Grantor's heirs, re p
<br />ant, 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 .1I present and future indebtedness, liabilities, obligations
<br />and covenants of Borrower ar Grantor (cumulatively "Obligations ") to Lender pursuant to:
<br />In) this Dead of Trust and the following Promissory notes and other agreements
<br />55,225.00 1 01/15/02 1 01/09/22100000510031583
<br />up all other present Or future, written agreements with Lender that refer specifically to this Dead of Trust Iwbethu executed for the .ante
<br />or different purpose. than the foregoing);
<br />(c) any guaranty of obligations of other parties given to Lender now or hereafter executed that rotors to this Dead of True%;
<br />(all future advances, whether obligatory or optional, to the same extent as if made contemporaneously with the execution of this Deed 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 shall 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 Deed 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, exceed the following amount: if " ` zs. pa _ This provision shall not constitute an obligation upon Or commitment of Lender
<br />to make additional advances or loans to Grantor, and
<br />(e) 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 Lander that:
<br />(a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all liens, security interests, encumbrances
<br />and claims except for this Deed of Trust and those described in Schedule B, which Is attached to this Deed of Trust and incorporated herein
<br />by reference, which Grantor agrees to pay and perform in a timely manner;
<br />ILI 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, not are there any
<br />governmental, judicial or administrative actions with respect to environmental matters pending, or to the bast of the Grantor's knowledge,
<br />nt
<br />threatened, which involve the Property. Neither Grantor nor, to the best of Graor's knowledge, any other party has used, generated,
<br />released, 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 or becomes regulated by any governmental authority
<br />Including, but not limited to, lit petroleum; (ii) Friable or noribiable asbestos; (iii) polychlorinated blphenyls; (iv) those substances, materials
<br />or wasdesignated oases designa as a "hazardous substance" pursuant to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br />Clean Water Act or any amendments of 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 />Ivh those substances, materials of wastes tlefined 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 Of any other similar state Or
<br />federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shell not lease or permit the sublease of the Property to a
<br />tenant or subtenant whose operations may result in contamination of the Property with Hazardous Materials or toxic substances;
<br />vise tar.
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<br />DEED OF TRUST
<br />00485//CSa20
<br />N CAVNASNS L
<br />N LI9A L C T.I., N. ape NIP.
<br />Reco//L i g RNq. Y esed gy XB, V
<br />�
<br />When R corded Return To: p
<br />292
<br />Country Drive
<br />lea aRseranwo XLve St, BUI, MN 55117
<br />epaHO IALAH➢. 6 688017251 ./
<br />(1 ,
<br />THU6TEE: p_9. BARN HATSONAL ASSOCIATION rat
<br />25 17TH Avalon By, XAROO. HO 583a3
<br />In consideration of the loan Or other credit accontmodonce hereinafter specified end any future ativancae br future Lgatlons, as defined
<br />herein, which may hereinafter be advanced or Incurred and the treat hereinafter mentioned and other good 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, his ........a and assigns. IN TRUST WITH POWER OF SALE for the benefit and security ei (•Lentler "1, the
<br />U S. BASS mz_ ASSOCIa"10- an
<br />beneficiary undo, this Deed of Trust, under and subject to the terms and conditions herein sat torch, with right of entry and possession 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 Dead of
<br />Trust and incorporated herein by this reference, together with all present and future improvements and fixtures; all tangible personal property
<br />including without limitation all machinery, equipment, building materials, and goods of every nature lexcluding consumer goods) now or
<br />hereafter located on or dead in connection with the real property, whether In not affixed to the land; privileges, hereditament$, and
<br />appurtenances including all development rights associated with the Property, whether previously or subsequently transferred to the Property
<br />from other real property or now or hereafter susceptible of transfer from this Property to other real property; leases, licenses and Offer
<br />agreements; rents, Issues and profits; water, well, ditch, reservoir and appeal rights and end stocks pertaining to the real property (cuulatively
<br />'Property "); to have and to hold the Property and the rights hereby granted for the use and cement of Lender, his successors and assigns, until
<br />payment in full of all Obligations secured hereby, representatives and assigns, hereby expressly warrant,
<br />Moreover, in further consideration, Grantor does, for Grantor and Grantor's heirs, re p
<br />ant, 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 .1I present and future indebtedness, liabilities, obligations
<br />and covenants of Borrower ar Grantor (cumulatively "Obligations ") to Lender pursuant to:
<br />In) this Dead of Trust and the following Promissory notes and other agreements
<br />55,225.00 1 01/15/02 1 01/09/22100000510031583
<br />up all other present Or future, written agreements with Lender that refer specifically to this Dead of Trust Iwbethu executed for the .ante
<br />or different purpose. than the foregoing);
<br />(c) any guaranty of obligations of other parties given to Lender now or hereafter executed that rotors to this Dead of True%;
<br />(all future advances, whether obligatory or optional, to the same extent as if made contemporaneously with the execution of this Deed 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 shall 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 Deed 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, exceed the following amount: if " ` zs. pa _ This provision shall not constitute an obligation upon Or commitment of Lender
<br />to make additional advances or loans to Grantor, and
<br />(e) 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 Lander that:
<br />(a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all liens, security interests, encumbrances
<br />and claims except for this Deed of Trust and those described in Schedule B, which Is attached to this Deed of Trust and incorporated herein
<br />by reference, which Grantor agrees to pay and perform in a timely manner;
<br />ILI 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, not are there any
<br />governmental, judicial or administrative actions with respect to environmental matters pending, or to the bast of the Grantor's knowledge,
<br />nt
<br />threatened, which involve the Property. Neither Grantor nor, to the best of Graor's knowledge, any other party has used, generated,
<br />released, 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 or becomes regulated by any governmental authority
<br />Including, but not limited to, lit petroleum; (ii) Friable or noribiable asbestos; (iii) polychlorinated blphenyls; (iv) those substances, materials
<br />or wasdesignated oases designa as a "hazardous substance" pursuant to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br />Clean Water Act or any amendments of 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 />Ivh those substances, materials of wastes tlefined 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 Of any other similar state Or
<br />federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shell not lease or permit the sublease of the Property to a
<br />tenant or subtenant whose operations may result in contamination of the Property with Hazardous Materials or toxic substances;
<br />vise tar.
<br />N[ooT mvl HC.. vas
<br />
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