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<br />14. DEFAULT. Tmstor will be in dcfaull if any party obligated on the Secured Debt fails oa make payment when (Inc.. Trsur
<br />will be in default it a breach occurs under the ems of this Security Instrument or any other document executed for the
<br />pntpnse of creating, seeming or guarantying tiny Secured Debt A good faith belief by lb ncfneiary that Bercfiuiary at any
<br />time is insecure with reslreul to any person or early obligated no the Secured Debt nr that the prospect of any payment or
<br />the value of the oroper y is impaired shall also constitute an went of default.
<br />15. REMEDIES ON DEFAULT. In sonic instances, federal and state law will require reactionary to provide Tmsmr with
<br />notice of the night Ia cure or other notices and may establish roc schedules for foreclosure anions. Subject to these
<br />limitations, it any, Aencfieia a may accelerate rte Secured Debt and foreclose this Security historical in a remove
<br />provided by law if msoar is is dcfaull.
<br />At the option of Beneficiary, all or any pan of the areed fees and charges, accrued interest and principal shall become
<br />immediately due and payable, after giving notice if required by law, upon the Occurrence of a default or anytime
<br />thrreaRpr. In aNlition, Beneficiary shall he entitled to all the remedies provided by law, the hunts of the Secured Debt,
<br />Iles Security lnshunicnl and any related documents, including without limbabnn, the power to sell the Property.
<br />If them is a default, Trustee shall, in addition to any other pemnitted remedy, at the request of rte Beneficiary, advertise
<br />and sell the property as a whole or in separate parcels at public auction to the highest bidder for cash and emery absolute
<br />title free and clear of all right, title and tun
<br />interest of trustee it such e and place as'fmstee designates. Trustee shall give
<br />notice of sale including the time, terms and place of sale and a description of the property to be sold as required by the
<br />applicable law w effect at the time of etc proposed sale.
<br />Upon sale of the property and to the extent not reminded by law, Tell shall make and deliver a decd to the property
<br />sold which conveys absolute tire to We purchaser, and after first paying all fees, charges and costs, shall pay to
<br />BenyBciary all reeves advanced far repairs, taxes, insurance, lions, assessments and pence ecutibrano; and interest
<br />thereon, and the principal and interest on the Sternal Dahl, paying the surplus, if any, to 'Tmsmr. Beneficiary may
<br />purchase the Property. The recitals in any decd of conveyance shall he prima facie evidence of the facts Net forth thyroid
<br />All remedies arc distinct, cumulative and not exclusive, and the Rvnedciary is entitled to all cathodes provided at law or
<br />equity, whether or not expressly set forth. 'the au xinaney by Beneficiary of any sum in payment or partial payment an the
<br />Secured Debt after the balance is due or is accelerated or after foreclosure proceedings arc plead shall not constitute a
<br />waiver ofByncfiphory's right to require complete core of any existing default. Be not exercising any remedy on Toaster's
<br />default, Inenefurmyr does not waive Beneficiary's right to lards consider the event a default if it continues or routines again.
<br />16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION costs. Except when
<br />prohibited by law, 'frusur agrees to pay all of Rcncfmiary's expenses if Tmstor breaches any co vela ll in this Security
<br />bobune.nt Tmstor will also pay on thousand any amanW incurred by Ieneficiary for looming, inspecting, preserving or
<br />uhcrwise protecting the Property and Beneficiary 's security invest. These expenses will bear Interest from the date of tine
<br />payment until paid in fail at the highest inured rate in effect as provided in the terms of Ben Secured Debt. Tmstor agrees
<br />to pay ell costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beeefeciary's rights and
<br />medics under this Security Insuunient This mnouvl may include, but is not limited to, slimness' fees, court costs, and
<br />other legal expenses. This Security Instrument shall remain in effect until released. Tmsmr agrees ire pry for any
<br />recordation casts of such release.
<br />17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, wirmnt Bnilution, the Comprehensive Enrvhm annual Response, Compensation and Liability Ael (CERCLA, 42
<br />U S.(' . 96ol or srq.), and all other federal. state and local laws, regulations, Ordinances, court orders, attorney general
<br />Opinions or interpretive letters concerning the public heabli, safely, welfare, environnnent or a hazardous substance, and (2)
<br />HazaNuus Substance means any Iexiq radioactive or hazardous material, waste, pollutant or ennam anion which has
<br />charauhoenetics which render fine substance dangerous Or pnhonllally dangerous to the public heard), safety, welfare or
<br />9 environment The ime home includes, without itation, any substances defined as motioning mauenal,' 'toxic ,substances,"
<br />muzardous waste" or "h %ardous substance" under any Environmental Law.
<br />Tmstor Minnescros, warrants and agrees that:
<br />A. Except as previously disclosed and acknowledged is writing In Iicncficiary, no Hortatory Substance is or will he
<br />located, soared or released on or in We property. 'Phis restriction does not apply to small quantities of Hazardous
<br />Substances that arc generally recngnizah to be appropriate for the annual use and maintenance of Ibe Properly
<br />11, Except as pre imusly disclosed and acknowledged in writing to beneficiary, 'Tmstor and every loused have been, arc,
<br />and shall remain in lull comphaace want any applicable Hnoirmmncnul l.aw.
<br />C. i factor shall bnmediaely notify Beawficlary If a release or threatened release of a Hazardous Substance "cents on,
<br />under or about the Property or these is a violation of any Pnvironmental Law concerning the Properly. In such an
<br />event,'I "resur shall take all necessary runedbi action in accordance with any Emirotanc lal Law.
<br />1) 1'castor shall immediate]), notify liatoriciary in writing as .soon as Truster has mason to Mllicve there is any pending
<br />or Ihoatmed investigation, daily, or proceeding rotating to the release or threatened release of any Hazardous
<br />Substance or fire violation at any Luviromnenal Law.
<br />18. CONDEMNATION. Tram will give ]lcneficiary prompt notice of any pending or thrrahned adman, by private or public
<br />artitics Ire purchase or take any or all of to Property aumtgh condemnation, eminent domain, or any other means. 1'msur
<br />authorizes Acmresary m intorvmm in 'fmstor's name in any of the above described actions or de11 (Mend assigns to
<br />Beneficiary the proceeds of any award or claim for startles comncced with a condemnation or odor taking of all or any
<br />4art of ru Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />instrument, This assignment of proceeds is subject a the terms of any prior mortgage, deed of cost, security agreement or
<br />other lien document.
<br />19. INSURANCE.' I' noose shall keep property insured against loss by fire, flood, thyR and other hazards and risks wasenably
<br />associated with the Pmparty due to its type and location. 'Ibis announce shat[ be maintained in the amounts and for the
<br />periods that Bpproval, ricer) l The insurance unreasonably carrier providing the insurance f duals m drain by Treater subject u
<br />Beneficiary's approval, which shall net be on, obtain c withhdd. If 'eat Bc fails a rights in the Property described
<br />above, Ilm Of may, ty Instrument
<br />option, mhfaiv env .rngc le pmlwf Bcve[iclary 's rignry in din Property according
<br />to We tartns oP Mils security Iuslmmcnl.
<br />All insurance politics and renewals shall he acceptable to Beneficiary and shall Include a standard "mortgage clause" and,
<br />where applicable, loss payoc clause. 'fnistor shelf ininodiuhis many Beneficiary of cancellation Or lemonation of the
<br />insurance Beneficiary stu11 have the right to mold file policies and renewals. If Beneficiary nqules, Tmalor shall
<br />immediately give to Dcacricinry all reclpts of paid premiums and renewal notices. Itpon loss, Tesler shall give
<br />immediate notice to Inc insurance carrier and Beneficiary . Bcnciciery may make proof of less if not made immediately by
<br />( motor
<br />Ip➢e 3 or of
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