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<br /> ex�cuted fur Ilir,purpose of cre�►ting.scct�►�in�;ui'gunrimtyin�thc ticc��red L�eNt. A�Su��d fuit���clicf �y nder tl�i�t
<br /> I.sndcr z�t nny timc is insecurc with respcct tu�ury�icison ci.snt'st� c�l�li�ntcd c►n the S��curcd I)cbt ur thut thc prospcct -__
<br /> of uny paymcm or thc valuc of the Pruperry is impaircd shnll alsc�cunstliutc�m cvcnt uf dcfauU. `'��-:
<br /> 15. R�MEUI�S ON DEFAU4T.In souic instiinceti.fcdcriil und sti»c law will rcNuirc Lcndcr to providc C�rantor�vi�h �_
<br /> nuticc af thc ri�ht ta curc or oth�r naticcs z+nd mny cstiiblish timc sch�:dulcs fcn•furcclosurc i�ctians, Suhjcct tu thcsc _
<br /> limitations, iC any. Lc:udc� �i�uy acccl��rut4 tlic Sccurcd Dcbt ;u�d f��rcclosc this ticcurity Instrumcnt in a m�nncr �;-;,;
<br /> pravided by luw if Grantor is in dcfnult. __
<br /> At tlie option of l.euder,all e�r xny purt of the z►�rced fees imd chi►rges, accrucd interest anJ principal shall becume ___
<br /> immedlatcly duc and pt�yablc.+�ftur giving n��ticc if rcNuircd by luw,upan thc uccurrencc of a dcfault or anytimc __
<br /> 1{icrc�ttcr. In addition,Lcnd�r shnl!Nc cnUticd to nll thc rcmedi�s pruvided by Inw,thc tcrms of thc Sccun:d Debt, __
<br /> ti»s Security Instrumc.nt and any relntcd docmncnts,including without limitation,lhe p�wcr to sell tlic Property. __
<br /> If thcrc is a dcfault,Teustcc shall,in nddition to�+ny��tl�cr permittcd remcdy,�t thc requcst of thc Lcndcr,advertise �_
<br /> nnd sell the Prapeny f�s t+�vhale or in separate parccls nt public uuction to thc highest bidder fur c��sh and eunvey
<br /> alualuto title frcc and clear ot ali right,titic und�ntcrest of Grantor�t such time nnd placc F�s Trustec dcsi�n�tes.
<br /> Trustcc shall p,ivc nolicc of sal�+includi�ng tlic ticnc,tcnns and placc of salc and:�dcscription of thc property to be sold
<br /> as rcquircd by th�a�plicabl�I��v in effc5ct at the time of the proposed sale.
<br /> Upon salc of ttic property and to the cxte�tt r.at prohibited hy Ixw.Trustee shaU muke and dcliv�r a decd to thc Proprrty
<br /> sold�vhich conveys absolute titic tn ihc purchaser,and aftcr fiist paying nll fees,charges and costs,shaU pay to Le:nder ull
<br /> moneys adeanc�d tar repni�.taxes,insurancc:,liens,assessments and pnor encumbrances and interest thereon.and the
<br /> principal and interest on the Secured Debt,paying the surplus,if any,to Grantor. Lendcr m�y purch�►�� the Pro�r�rty. _-
<br /> Thc recuRls in any deed of corrveyance shall be prima fucte evidcnce of the fncts set lorth thercin. _
<br /> All remedies ar��d{slanct,cumulative and nat exclusivc,and tl�e Lender is entitled to nU remedies provided at law or
<br /> equity,wliether nr►e�t expressly set forth.The acceptance by Lender of uny sum in payment or partipl puyment on the .
<br /> Secureci�ebt aftc7 t��b�lance is due or is accelerated or aftcr foreclosure proceedtngs arc 61ed shaU not constitute a ____
<br /> waivcr of Lencier's righi•ta r�vauiTC�completc cure of any existing defuult.By not exercising any remcdy on Grn+�lnr's _
<br /> d;f�„tl3,Lend:r does not wcu�•e:Lendee's right to later cons�der the event a defauh if it continues or happens nyiin• —
<br /> 16. EAtPCIR�9i:�;Ai.ID'YANCF.S ON COVENANTS; ATTORNEYS' FEES;COI.LECTQOt+I�O�T�, G�+ccpt�ti'hen
<br /> prohiS�ited hy law,Gruntor agrees to p�y all of L.ender's expenses if Grantor brcaches any covenant in this Security
<br /> Instxumcnt.Grantor will also pay on dcmand any amount incun•cd by Lcndcr for insuring,inspecting,prescrving or
<br /> oth�tiise pro9ecting the PropeRy and I..ender's security interest.These expenscs will bcar interest from thc datc of
<br /> eh�gaymcni uuiii pni.�ja fa!! a.ihc highes:!SltCTL'Si T?�C in �ffect as Qrovided in the terms of the Sccure�J Qebt.
<br /> Gruntor agrees to pay ap costs and expenses incurrcd by Lender in collecting,enforcing or protectin�Lend:�r's aiy,�ts
<br /> and remedies unii�r this Security Instrument.This amount may include,but is not limited to,attorneys'fees,caurt
<br /> costs,an�i other Iegp!expenses.This Security Instrument shull remain in effect until released.orantor agrees to pay
<br /> for any recordation costs of such release.
<br /> 17. EIVVIROPQItiIENTAL�,A�VS AND HAZARDOUS SUBSTANCES.As used in this secti�n,(1)Environmental l.nw
<br /> means,without limitatian.the Comprehensive Environmental Response,Compensation and Liability Act(C�R�LA,
<br /> 42 U.S.C.9601 et seq.),and All otlier federal,state and local laws,rcgulati�ns,ordinances,courc orders, ae¢omey
<br /> soneral opin[ons or interpretive letters concerning the public health,safety,welfare,environment or a hsszardous
<br /> substancc;And (2)�Yazardous Substanc�means any toxic,radivactivc or hazardous matcrial,wastc, pollutant ar
<br /> rAnYaminant wliich has ch�racteristics which rcnder the substance dangerous or potentially dangerous to the public
<br /> he�i]4h,safoty,weffare or environment.The term includcs,without limitation,any substances dc�ined�s"h�zardous
<br /> matsrinl;'"taxiG substances,""fiazardous waste"or"hezardous substance"under any Environmental Ia�v.
<br /> C rantor represents.warrunts and agrees that:
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<br /> A. Except as previousfy��sctosea ana acicnowieugcu ►��w.�:;�,s►.,.............. •.�.-�r»-��»---°---•-••--
<br /> located,stored or rele�sed on or In the P'roperty.This restriction does not�pply to small quantities of
<br /> . Hazardous Substances that are generally rewgnized to be appropriate for the normal us�and mamtonance of
<br /> the Propetty.
<br /> �. Except as previously disclosed and acknowledged in�vriting to L,ender,Grantor m�d every tenant have beon,are,
<br /> attd shall remain in fup compiiancc with any applicable Fnv►ronmental I.nw. , .
<br /> C. Grantar shall immediately notify I.ender if a release or threataned release of a H�zardous Substance occu►s on,
<br /> under or about thc Property or therc is a violation of any Enduanmental Law c;oncerning the Property.In such
<br /> an event,Grantor shall take all necessary remedia��ction in�ecnrdance witl�any Environmental La�v.
<br /> D. Grantor shall immediatcly notify Lender in writing as soon as Grantor has reason to belicve thore is ae�y
<br /> pending or thrcatened imestigA:ion,claim,or proceeding relnting to the release or thraAtoned release of any _
<br /> Hazardaus Substance or the violation of any L�nvironmental Law.
<br /> 18. COND�MNA'i'ION.Grantor�vill give Lendcr prompt notice of any pending or threatened ar.tion, by private or
<br /> public entities to purcl�ase or take any or all of the Property through condemnation,eminent domAin,or any other
<br /> means.Grantor authori��es Lender to intervene in Grnntor s name m any of thc above described nctions ar claims.
<br /> Grantor assigns to L.cnder the procceds oP any award or claim for damagcs connected�vith a condamnatian or other
<br /> - taking of all or any part of the Property.Such proceeds shail he considered payments and�vill he applied as provided in
<br /> ti»s Security Instrumcnt.This assignment of proceeds is subject to the terms uf any prior mortgage, deed of trust,
<br /> security agreement or o?her lien document.
<br /> 19. INSURANCE.Grantor shall kecp Property insured c�gainst loss by firc,flood,theft and other hazards and risks
<br /> reusonably associatcd with the Property due to its typc and IocAtion.This�nsurancc shall Uc maintained in the amounts
<br /> and for the par3ods that Lender requires.The insurance carricr providing the insurance shall bc chosen by Grantor
<br /> u_.._.:.��_�a rt F�......�...f..:lc tm m�infaiYf 1�1C COVCTdL�C
<br /> subject to L.ender's approvli,waicn snAii noi oc u�n��o��a��r wnuuc.+v. aa._.......... .«.... ..- ..._...___.. ,_,
<br /> • described above,Le�nder may,at Lender's option,obtain coverage to protect L.ender s rights in thc Property accordin�
<br />� to the scrms of this Security Instrument. -
<br />- All insurance policies and rene�vals shall be acceptable to Lender and shall include a standard"murtgage clause"and.
<br />-� �vhcre applicablc,"loss paycz clausc:'Grantar shall immcdiatcly notify Lc:nder of cancellation or tcrmination of the _.
<br />-- insurancc.L.endcr sha41 have the ri�ht to hold thc policies and renewals.If Lend�r requires.Cirantor shall immedintely _
<br />� �ive to Lender all receipts of paid premiums and renewal notices.Upon loss.Grantor shall�ive immediate nutice to
<br />== tlic insurancc carricr and Lcndcr.[.r.ndcr may makc proof of loss if not madc immcdi�tely by Grantor. _
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<br /> �•R^4 Q;nk4ro Systcm7.�nc..SI CIaA.MN 11�000�397•2311)Fami REOT•NE fl�&M
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