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<br />200203449
<br />15. RC11!IR QN Y �► T *. '. `.' � r©� iC* fT .$ With
<br />• .
<br />notice of tlu" ri t cure or outer ,ioaces p to these
<br />limitations, if any,, Beneficiary may accelerate the Se ei Debt foreclose this Security Instrument ina mamilleir provided
<br />bylaw if Trustor >is,iir ult.
<br />' : A'�`t� (ipti� of #kae8citay, all cur. any past <'t� N faes aslei .. aoieeaae�= iiatemrest - and: psl•. shall become,
<br />a>id a � le hd� ,, �e tt€ar,default o� asay�ne t1aRer.
<br />In addition, Beneficiary shall be entitled to all the rennediex vubd by law, .the terms of tt� Secured Debt,. this Security
<br />If thr'C is a d►` T�slee =shells :�.ad,nr:, _ � ra:,texiy,'� lhe. eof.ilteiary, atl+ser4ise
<br />and aeR#inr i'r as a le of in. a onaa ihe'higitest fOr"
<br />: ,00nvey,
<br />title f ve andielaw of all i 0 tie'0114 10VT aligach and pae a Try deeigti ° uTrae o shalla give
<br />notice, notice, of sale jackal g the time, Wass d, saittlind A, dmar o oa e tb be so ld At uifd'by the
<br />appldtible- lawbrtffet at the tmne of &t sae
<br />sollate of the and to the to tt esnt �t bited b j� hrw,t 'Ttttstet sliati mablde lad deliver' g dad: td -the"
<br />d which conveys absolute title tis the putt hftertS dt 1be char i end costa; shaft pa to b
<br />' " nand; on th5 �'edI�bt,. ilie t ari T = Hei�l✓ic 'chose
<br />all advanced for taxes i»siu'ance,; � and }nt�st , ,
<br />' . r r itais in deed of con � s6a1) be prune , , ie eve" of`tkae � forth
<br />All remedies are distinct, cumulative � �• t "t, c }usWe, a`etid a Benefice > Cnlit�e�cl ;o sU remora �rovi at `#aw or
<br />equity, veihether or not sax ly set eptance by .Bei(aiy o any uu. or, on the
<br />Secured Debt after the balance is due or is accelerated or. `40 Iu el tall ii 6t waiver
<br />of Beneficiary' s right to require complete "cu, re of any exi� ' de�iult. W Z p , �cerciai� ,ur y femeddy ;on Tc r' s default,
<br />Beneficiary does not waive Beneficiary's right to later comer the event a de l# Jf it c4 ingili or, ba ppcns again
<br />16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' IEES;� '' COLLECTIdN ' C6S i S. Except when
<br />prohibited by law, Trustor agrees; to pay - all, of Beneficiary s ,•expenses:. zif Trttttaor byes aidy covtnaat } in' "�Seeudty
<br />Instrument..TTrustor";arill also pay on demand any amount insured � insuring; inspecting, preser or
<br />otherwise protecting the Propaty- -and Bmeficiary's se ity ;merest �a tpdises will bow interest froo the date o the
<br />payment until paid in full at the highest interest rate in effect as provided in the terms of the Secured Debt. Ttissitt'agrees
<br />to pa all costs and expenses incurred byy Beneficiary :in collecting, enforcing" or protecting Beneficiary's and
<br />r nailer ilea Security instrument. This ainouirt "it►ay tncittde, but is not I><mited <to; attorneys `fees, co>srt dsca, and
<br />other legal expenses. This' Security Instrument a>iaYt remain in elect until' released Tirtastor agrees to for any
<br />recordation costs of Stich release.
<br />17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (0- EnvironnxmW Law
<br />means, without limitation, the Comprehensive Environi>xntal Response, Compensation and Liabili Act (CERCLA, 42
<br />U.S.C. 9601 et seq. ), and all othex fodesal, state and! local laws,: regions,, court o' general
<br />opinions or interpretive letters concerning the public health, safety, welfare, environment or o ha�rdQus substance; and (2)
<br />Hazardous Substance means any : toxic, radioactive or hazardous material, waste," i ,_tent elr 'col t which has
<br />characteristics which render the substance dangers or polenhaliy dangerous tb ekes public "health, safety, welfare or
<br />environment. The term includes, without limitation, airy, � defined as. "hazardous material," "toxic. substances,"
<br />"hazardous waste" or "hazardous substance" under any tni vironmental Law.
<br />Trustor represents, warrants and agrees that:
<br />A. Except as previously disclosed and acknowledged in writing to Beneficiary, 'so Hazardous Substance is or will be
<br />located, stored or released on or in the Property. This. restriction► does, not apply to small quantities of Hazardous
<br />Substances that are generally recognized to be appropriate for the normal use and maintenance; of the Property.
<br />B. Except as previously disclosed and acknowledged in writing to Benefic' ,,, Trustor and every, tit have been,
<br />are, and shall remain in fit11 compliance with any applicable EEnvironmentalw,
<br />pertg y
<br />event, Truster shall take all remedial action in accordance with an En a"Haa n the Substance occurs on,
<br />C. Truster shall immediately notify � Benefi � if a release or threatened release o
<br />under or about the Pro or there is Matron of an Environmental Law 11 cancserning the Property. In such an
<br />necessary y vironmelntal Law:
<br />D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending
<br />or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous
<br />Substance or the violation of any Environmental Law.
<br />19. CONDEMNATION. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br />entities to. purchase or tame any or all of the Property through condesnnatio eminent domain, or any ot�� aagw- Trustor
<br />authorizes Beneficiary to intervene in Tivetor! s
<br />name in any of the above, , bed actions .pz cla><ms. Truster assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be considered payments and will be applied as provided in, this Security
<br />Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed „of trust, security agreement or
<br />other lien document.
<br />19. INSURANCE. Trustor shall keep Property'insuretl against loss by fire, flood, theft and other hazards and'risks reasonably
<br />associated with the Property due to its type and 'location. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject, to
<br />Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above,
<br />Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property ; according to the
<br />terms of this Security Instrument.
<br />All insurance policies and renewals shall be ptable to Beneficiary and shall include a standard "mortgage clause” and,
<br />where applicable, "loss payee " clause." Trustor shall immediately notif Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the ;right two ,bol eficiary requires, Truster shall
<br />immediately give to Beneficiary all receipts ofpar`d^ it U loss, Truster shall give immediate
<br />notice to the insurance carrier and Beneficiary. Bens is t o■ of made immediately by Trustor.
<br />(page 3 of 4)
<br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1 -000 -397 -2341) Form RE -DT-NE 10/27/97
<br />4j - C165(NE) (99oe).o1 tj
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