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I j i At. 201001269 Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Bo the terms of the De a ici Trust option, obtain coverage to protect Beneficiary's rights in the Property according include storshallh mmed attely notify Benef ciary of standard All se" and, where applc able, "beneficiary eloss acceptable Beneficiaryoand hol wals. If the clause" have Benef c airy allrece pts of pthe aidppremiumsdanderenewal cancellation or uir si Trufor shall nmmedately Beneficiatry shall Beneficiary req Beneficiary may notices. of loss if not made immediately by Trust re to the insurance carrier and Beneficiary. make proof riting insurance sha Unless Beneficiary tand amaged iotherwise f the restoratiagree i is econom cally feasiblelland Benlefc arry'sssecu ty is wou repair of the Property ry's not th n due, with nylexcess paid to d be lessened not lessened. If the restoration or repair to the Secured Debtewhether Beneficia the insurance proceeds shall be app insurance claim, then Beneficiary may collect the insurance proceeds. Beneficiary Trustor, If Truce has off eredtt the ettle®a c tarn may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or not then due, The 30-day period will begin when the notice is given. al sh all not Unless Beneficiary and date of scheduledrpaym ntsiorchangepthlecamou tfof the payments. Ifpthe Property otherwise extend postpone the due ue is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage tot the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. insu B. Trustor agrees to rato Beneficiary, insuring against claims arisi g from any act d nt oroccurrencel in orron in an amount acceptable the Property. uired C. Trustor agree to t at eat coverage llof loss or business interrupon one year's debt service, and requ red escrroweacco ntbdepositsl(if greed to amount equal equal separately in writing), under a form of policy acceptable to Beneficiary, 22. NO ESCROW FOR TAXES aANDINSURANCE. ~ taxes andl nsu atherwswesoro ided in a separate agreement, Trustor will not be required to pay to Beneficiary funds 23. FINANCIAL REPORTS AND pDDfTcIONALDOCdUMrENneCessary r Trulstporr warrants nthat aallufinancial ,statements nand ign, , thatr Bagrees statement or information Ben Y p any additional documents or ce t Trusto information Trustor provides to request will be, Beneficiary's deliver, and file as Beneficiary may reason and of file Trust such and documents or consider necessary to perfect, continue, Trustor and fails to do preserve so , Trustor's Beneficiary may obligations sign, under this deliver, Deed lien status on the Property, l oints Beneficiary or Beneficiary's agent as attorney in certificates in Trustor's name and Trustor hereby Irrevocably app fact to do the things necessary to comply with this section. BOUN 24. JOINT AND INDIVIDUAL LIABILITY; ITf T us or signs Sthis UDeed of T rust doels Inot 9the n D. All duties under this Deed u Secured eDebt nce of DTe t, Tr does ustor of Trust are joint and individua ment of d this Deed of does so only to mortgage Trustor's interest in the Property to secure pay not agree to be personally liable able o on the Secured Debt. Trustor agrees that Beneficiary and any party chan ence thisoDeed ofl T ust. T e dutieshand Debt Trust may extend, h a chanmake a will not release hTr storsf ofmhthe temsf ofTrust Trustor's consent. Suc Such g benefits of this Deed of Trust shall bind and benefit the successors and assigns of Trustor and Beneficiary. If this Deed of Trust securesa guaranty between Beneficiary and Trustor and does not directly secure the obligation which is guarantied, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation including, but not limited to, anti-deficiency or one-action laws. . This located, exceTE RtheA extent otherpwise required bygoverned by the laws of the jurisdiction laws Trust is 25. APPLICABLE LAW; SEVERABILITY; Trust may not benamen where h or in which Beneficiary locatedd, pt to property is located. This Deed of Trust is complete and fully integrated. This to t its modified by oral agreement. Any section or clause in this Deed of Trust, attachments, or any agreement related to the effective Secured Debt that conflicts went.aIfplanybsect on olr clause of this Deedeof Trustacannotr be lenfor edi perrdinmits variations written of the remainder of this Deed of ural terms, that t section or clause will be severed and will not affect the enforceability its and t are fsoraconvenid nce onlly and arehnotl to Ibe usedgtoante pretaoridefine dtheeterms of his the sin Trust. Whenever used, the singular sections of this Deed of Trust are Deed of Trust, Time is of the essence in this Deed of Trust. oint a rom time 26. SUCCESSOR TRUSTEE. Bstruimen recordedflnlathe county in hich thsi Deedoof grand duties recorded. Ted successor successor trustee by an Inn thsu Deed of Trust and applicable rlawshall succeed to all the title, p tru T usstee by without (page 6 of B) ~ ~M 01993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AGCO-SESI-NE 111712003 PW-