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<br /> crcecutcd 6�r tiic pur�x►sc c�E cs�calin�,s::curinR�►r E�unrnntying thc Sccurcd Ocht. A Ke►od fnill� I�clicf I►y ��;ndcr�iint -.
<br /> I.c:n�lcr at any Nntc is insc�urc with res�nci tu nuy per�un or cntity ablig►itcd un thc Sccurcd 1)cht nr thnt thc pruspcct
<br /> of:my payrnent or thc vels!?uf thc�'r�►�x�rty iy impuired whnll ulso a�nsiitutc an evcnt c�f dr.fntdt.
<br /> 15. Rw,MMn1�9(1N 1)�rAUI.'i'.IIl R(llll��I191i111CC9, fcilcrid nnil stntc luw wIH rcquiru I.cndcr tu nr�►viQc(ir�anar with
<br /> nnticc af thc right to cur�ar c�thcr noticc»niid mny csiuGtish tl���c u;hcciutcs far fcfrccicisurc:z�ctic+n:. SubJcct w tits�e
<br /> Umitations,if uny, L.enclr.r mHy ncceictnte Ihe �ecurcd Debt �utd forecluau thi�i Sc6urity lnsteumcnt 1n�maiiner L
<br /> .�_�_. �_�_..�.
<br /> providcd'ay iuw ii t'i�nniva n n�uu«.,�..
<br /> At thc option of i.cndcr,nll or sny pnrt of dic ngrccd fccs itnd chargcs,nccrucd intcrest nnd princi}Ynl shiill Uecomc
<br /> immesiiFnely duc �nd pnyuble, efter giving natice if roquired by Inw,upe�n the occurrencc of z�d�fi�ult or nnyt(mc
<br /> thereatter.In uddiRion,I.cndcr shall hc entittcd ta nll thu remedics prnvldcd by Inw, ihe tcrms of thc Sr.cured ucbt,
<br /> this Sccurity Instrument and any relnted documents,including without limit�ttic�n,the p�wer to sell the Praperty.
<br /> if thcre is a default.Trustcc shaU,in nddiYlon tu nny othcr permitted remcdy,at the rcqucst af thc L.endcr,advcrtisc
<br /> und sell the Property as a whole ar in separate Rarccls at public auctian to the highest bidder for casl� and canvcy
<br /> nbsolute titte free and clear af all right, title and interest of Grantor at such ti�ne and place as Trustee designates.
<br /> Tcustee shall�ive noticP of salc including the timc,terms nnd pluce of sal�anJ a�cscriptiun ot thc propeny to bc sold
<br /> as required by the applicable law in cffect at Ihe ttme of tlie propnsed sale.
<br /> Upon sale of the�roperty and to the extent not prohil�ited by law,Trustee shall make and dclivcr a deed to thc Property
<br /> sold which conveys absalute title to the purchaser,and after first puying aU fees,charges and costs,sliall pay to Lender all
<br /> moneys ndvanced for repairs,taxes,insurance,liens,assessments and pnor encuenbrances and interest thereon,and the _
<br /> principul and interest on the Secured Uebt,paying the surplus,if any.to Gr:�ntu�.Le�ider niay purchase thc Property.
<br /> The rec�tals in any deed af conveyance shall be prima facie evidence of the facis set forth therein.
<br /> All remedies are distinct,cumulative and not exclusive,and the Lender is entitled to all rcmedies provided at law�or
<br /> equity,whether or nut expressly set forth.The acceptance by I.ender of any sum in payment or pArtial paymeni on the
<br /> Securad llebt after the balance is due or is accelerated or after foreclosure praceeclings sre filed shall not constitute a
<br /> waiver of Lender's dght to require complete cure of any existing default.By not exercising any remedy on Grantor's
<br /> defuult,Lender does not waive L.ender's right ta later consider the event a default if it wntinues or happens again.
<br /> 16. �XPENSES; ADVANCGS Olol �COVENANTS;ATTORNEY9' FEES;COi�LECTION COSTS.Except when
<br /> prohibited by law,C,rantor agrees to pay all of L.ender's expenses if Gruntor breaches any covenant in tlils Securitg
<br /> Instrument.Grnntor will also pay on demand any amou.nt incurrcd by Lender for insuring,inspecting,preserving or
<br /> otherwise protecting thc Praperty and Lender's security interest.These expenses will bcar�nterest fmm the date of
<br /> �P�A;Rn�nr imeii naid in full at the hipJ�est interest rate fn effect as provided in the ternis of the Secured Debt.
<br /> Crantor agrees to pay All costs and expenses incurred by I.ender in collecting,enforcing or protecting I.encier�s righis
<br /> and remedies under this Security Instrumcnt.This amount m�y include,but is not limited to, attorneys'fees,court
<br /> costs,and other Icgal expenses.This Security Instrument shnll remain in effect until relensed.Grantor agrees to pay
<br /> for nny recordation casts of such rcicase.
<br /> 17. ENVIRONMEIVTAL LAWS AND HAZARDOUS SUBSTANCES.As uscd in this section,(1)Environmcntal Law
<br /> msans,witiiout limit�tlun,die Comprehensive�nvironmcntal Rcsponse,C�mpensation and Llability Act(CERCI.A,
<br /> 42 U.S.C.9601 et scq.),and all�ther federal,state and lucal laws, regulations, ordinances,court ordcrs,attoraey
<br /> general opinions ar interprctivc lctters conccrning the public health.safety,wclfare,environment or a hazardous
<br /> substance;and(2) H�.ardous Substance menns any toxic, radioactive or hazardous mnterial,waste.pollutant or
<br /> contaminnnt which has charact�ristics which render the substance dangerous ur potentially dangerous to the public
<br /> health,sa[ety.wcliurc or cnvlronment.Thc tcrm includes,without limitatian,any substances deflnecl As"hazardoa5
<br /> material,""toxic substances;'"hazardous waste"or•`ha•r.ardaus substana:"under any Environmental Law.
<br /> (;rantor represcnts.wanants and Agrees that:
<br /> A. Except as prevtously disclosr.d and acknowledged in writing to Lender.no Hazardous Substnnee is oc will be
<br /> located,storcd or rclensed on or in tl.te Property. 'this restriction docs not apply to smalf qusntities of
<br /> Tia�trdous 5ubstances that arc generally recognized to bc appropriate for thc narmal usc and maintenance of
<br /> the Property.
<br /> B. Except as previvasly disclosed and acknowledged in�vriting to Lendsr,Grantor and every tenant have been,are,
<br /> and shall remain in tuii w�npIinucc witii a��y aNN1iu.5.c Ln;�rons;icr.K.!*..aw.
<br /> C. Grantor shall immediatcly notify L.endcr if a rcicase;or threatened relcase of a Hazardous Substance axurs un,
<br /> under or about thc Property or thcre is a violation of any Envirunmental Law concerning the Property.In such
<br /> an event,Grantor shall take all necessary remediai action m accordance with arry Envieanmental I.aw.
<br /> D. Grantor shall immediately notify I..endcr in w�•iting us soon as Grantor has reason to believc thcre is tany
<br /> pcnding or threatencd investigation,claim,or procecding rclating to the releasc or thrcatened release of any
<br /> Haz�►rdous Substancc:or the violation of any Enviromnental Law.
<br /> 18. L"ONDEMNATION.Grantor will give Lender prompt notice of any pending or threatened action, by private or
<br /> public entities to purchase or take any or all of the Property through condemnation,eminent dnmain,or uny other
<br /> mcans.C�rantor authorizes Lcnder to intervene in Grantor's namc in any of the ubove described actiuns or claims.
<br /> 1:urantnr assigns to i,ender the proceeds of any award or claim for clamages connccted with e condcmnation or othcr
<br /> taking of all or 1ny pa�t of the Property.Such procceds shall be considered payments and will be applied as provided in
<br /> this Sccurity Instrument.This assignment of proceeds is subject to the tcrms af any prior mortgage,deed of trust,
<br /> se�vrity�grcement or other Gcn document.
<br /> 19. INSUItANt.E.Grantor shall keep Property insured ageinst loss by firc,tlood,theft and other hnzards and risks
<br /> rcasonably associated with thc Property duc to its typc and location.This�nsurance shall be maintained in the amounts ,
<br /> and fnr the periods that Lender reqnires.The insurance carrier providing the insurance sliall be Chosen by Grantor
<br /> _..�:_�._ * _..a....��.............I ..d.:..{�chull nnf ha��nr�acnnahlu w�thhald. if�rnntor fails to muintHin thc coYCrBL�C
<br /> auu)cu av a..�..u..,o.,�.t.....«.. ....»........Y...._ .._ ^_;_------v ..... . _ .
<br /> described above,Lender muy,at Lender's option,obtam�ovexage to protect i,ender's rip,hts in the Property accarding
<br /> - to the terms of this Sec�rity instrument.
<br /> All insurance policies ancl rcncwals shall be acceptable to L.endcr and shail include a standard"mortgage claase"and,
<br /> where npplicabls,"loss payce clat.se:'Grantor shall immedi�tely notify Lender of canccilation or termination of the
<br /> insurancc.I.endcr shall h�ve thc right to liold thc policics and re�tewals.If Lcndcr requin;s,Grantor sliall in�mediately
<br /> �ivc to I.ender all receipts of paid premiums and rene�vel notices.Upon loss,Grantor st�all givc immediate notice to
<br /> thc insurance carrier and 1Lender.[.c:ndcr may make proof of loss if not made immediatcly by Gr�ntor.
<br /> •;{. �,. �;(page 3 of4)
<br /> O f994 Bmkero 6yatem�,inc..6t.Cbud.MN(t�B00�397•23N)Fortn RE•OT•NF_B18f8�
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