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<br />200901554
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<br />Trustor subject to Beneficiqry's qpproval, which shall not be unreqsonably withheld. If Trustor fqils to maintain
<br />the coverage described above, Beneficiqry may, at Beneficiary's option, obtain coverage to protect Beneficiqry's
<br />rights in the Property according to the terms of this Deed of Tnlst.
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<br />All insurance policies and renewals shqll be acceptable to Beneficiary and shall include a standard "mortgqge
<br />clquse" qnd, where applicable, "beneficiqry loss payee clause." Trustor shqll immediately notify Beneficiary of
<br />cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies qnd renewals. If
<br />Beneficiary requires, Trustor shall immediqtely give to Beneficiary all receipts of paid premiums and reneWql
<br />notices. Upon loss, Trustor shall give immediate notice to the insurqnce carrier and Beneficiary. Beneficiqry mqy
<br />make proof of loss if not made immediately by Trustor.
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<br />Unless Beneficiary and Trustor otherwise agree in writing, insurqnce proceeds shall be applied to restorqtion or
<br />repair of the Property damqged if the restoration or repair is economically feasible and Beneficiqry's security is
<br />not lessened. If the restoration or repair is not economically feasible or Beneficiqry's security would be lessened,
<br />the insurance proceeds shall be ilPplied to the Secured Debt, whether or not then due, with any excess pqid to
<br />Trustor. If Trustor abandons the Property, or does not answer within 30 days il notice from Beneficiary that the
<br />insurance carrier has offered to settle q clqim, then Beneficiary may collect the insurance proceeds. Beneficiilry
<br />may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or not then due. The
<br />30-day period will begin when the notice is given.
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<br />Unless- Beneficiary and Trustor otherwise agree- in Wfiting,--s-ny--appl-ication of proceedst-o principalshatl not
<br />extend or postpone the due date of scheduled payments or chqnge the amount of the payments. If the Property
<br />is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from dmnage to the
<br />Property before the acquisition shqll pass to Beneficiary to the extent of the Secured Debt immediately before
<br />the qcquisition.
<br />B. Trustor agrees to maintain comprehensive general liability insurance naming Beneficiary qS an additional insured
<br />in iln qmount acceptqble to Beneficimy, insuring against claims arising from qny qccident or occurrence in or on
<br />the Property.
<br />C. Trustor agrees to maintain rentql loss or business interruption insurance, CIS required by Beneficiary, in an
<br />amount equal to at least coverage of one yeqr's debt service, and required escrow account deposits (if agreed to
<br />separately in writing), under a form of policy qcceptqble to Beneficiary.
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<br />22. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separqte agreement, Trustor will not be
<br />required to Pqy to Beneficiqry funds for taxes and insurance in escrow.
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<br />23. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial
<br />statement or information Beneficiary may deem necessary. Trustor warrants that all financial statements and
<br />information Trustor provides to Beneficiary are, or will be, accurate, correct, and complete. Trustor agrees to sign,
<br />deliver, and file as Beneficiary may reasonably request any additional documents or certifications that Beneficiary may
<br />consider necessary to perfect, continue, and preserve Trustor's obligations under this Deed of Trust and Beneficiilry's
<br />lien Stiltus on the Property. If Trustor fqils to do so, Beneficiary may sign, deliver, and file such documents or
<br />certificates in Trustor's name and Trustor hereby irrevocably appoints Beneficiqry or Beneficiary's agent as attorney in
<br />fact to do the things necessary to comply with this section.
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<br />24. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Deed
<br />of Trust are joint and individual. If Trustor signs this Deed of Trust blJt does not sign the Evidence of Debt, Trustor
<br />does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does
<br />not agree to be personally liable on the Secured Debt. Trustor agrees thqt Beneficiqry and any party to this Deed of
<br />Trust may extend, modify or make any change in the terms of this Deed of Trust or the Evidence of Debt without
<br />Trustor's consent. Such a change will not release Trustor from the terms of this Deed of Trust. The duties and
<br />benefits of this Deed of Trust shall bind and benefit the successors and assigns of Trustor and BeneficiClry.
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<br />If this Deed of Trust secures q gUqranty between Beneficiary and Trustor and does not directly seCllfe the obligiltion
<br />which is guarantied, Trustor agrees to waive any rights thilt milY prevent Beneficiary from bringing any action or claim
<br />against Trustor or any party indebted under the obligiltion including, but not limited to, anti-deficiency or one-action
<br />laws.
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<br />25. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Deed of Trust is governed by the laws of the jurisdiction
<br />in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />Property is located. This Deed of Trust is complete ilnd fully integrilted. This Deed of Trust may not be amended or
<br />modified by oral agreement. Any section or clause in this Deed of Trust, attachments, or any agreement related to the
<br />Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by written agreement. If any section or clause of this Deed of Trust Cilnnot be enforced according to its
<br />terms, that section or c1iluse will be severed and will not affect the enforceability of the remilinder of this Deed of
<br />Trust. Whenever used, the singular shall include the plural and the pluri'll the singulqr. The captions and headings of the
<br />sections of this Deed of Trust are for convenience only and are not to be used to interpret or define the terms of this
<br />Deed of Trust. Time is of the essence in this Deed of Trust.
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<br />26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiqry's option, may from time to time remove Trustee qnd appoint a
<br />successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor
<br />trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the
<br />Trustee by this Deed of Trust and applicable law.
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<br />Ex.:j5Ei?i::J(tM ((:)1993,2001 8;:;!nkers Systems, lt~~., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003
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