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<br />Trustor subject t� Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain
<br />the coverage described above, Beneficiary may, at Beneficiary's optian, �btain coverage to proter.t Beneficiary's
<br />rights in the Property according to the terms of this Deed of Trust.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "martgac�e
<br />claus�" and, where applica6le, "beneficiary loss payee clause." Trustor shall immediately notify Beneficiary nf
<br />cancellation or termination of the insurance. Beneficiary shall have the right to f�old the policies arid renewals. If
<br />Beneficiary requires, Trustor shall immediately give to Beneficiary all receipts of paid premiums and renewal
<br />notices, Upon Ioss, Trustor shall give immediate natice ta the insurance carrier and Beneficiary. Beneficiary may
<br />make proaf of lass if not made immediately by Trustor.
<br />Unless Beneficiary and Trustor otherwise agree in writing, insurance proceeds shall be applied to restaration or
<br />repair of the Property damaged if the restoration or repair is economically feasible and Beneficiary's security is
<br />not lessened, If the restoratian nr repair is not econnmically feasible or Beneficiary's security would be lessened,
<br />tha insurance proceeds shall be applied to the 5ecured bebt, whether or not then due, with any excess paid to
<br />Trustr�r. If Trustor abandons the Property, or does not answer within 30 days a notice from Beneficiary that the
<br />insurance carrier has offered to settle a claim, then Beneficiary may collect the insurance proceeds. Beneficiary
<br />may use the proceeds to repair or restore the Property or to pay the 5ecured Debt whether or not then due. 7hP
<br />30-day period will begin when the notice is given.
<br />Unless E3en.eficiary and Trustor otherwise agre� in writing, any application �f proceed� to principal shall not
<br />extend or postpone the due date of scheduled payments ar change the amount of tha p�ymFnTs. If the PI'operTy
<br />is acquired by Beneficiary, Trustor's right to any insurance pnlicies and proceeds resulting from damage to the
<br />Property before the acquisition shall pass to Beneficiary ta the extent of the Secured Debt immediately before
<br />the acquisition.
<br />B. Trustor agrees to maintain comprehensive general liability insurance naming Beneficiary as an additional insured
<br />in an amount acceptable to Beneficiary, insuring against claims arising from any accident or occurrence in or on
<br />the Property.
<br />C. Trustor agrees to maintain rental loss nr business interruption insurance, as required by Benefici�ry, in an
<br />amount equal tn at least coverage of one year's debt service, and required escrow account deposits (if agreed to
<br />separately in writing►, under a form of policy acceptable ta Beneficiary.
<br />22. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in �scrow.
<br />23. FINANCIAL REPORI"S AND ADDITIONAL DOCIIMENTS. Tr�istor will provide to Beneficiary upon request, �ny 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 ba, accurate, correct, and complete. Trustor agrees to siyn,
<br />deliver, and file as Beneficiary may reasonably request any additional documenis or certifications that Beneficiary may
<br />consider necessary to perfect, continue, and preserve Trustor's obligations under this Deed of Trust and Beneficiary's
<br />lien status on the Property. If Trustor fails to do so, Beneficiary may sign, deliver, and file s�ach documents or
<br />certifioatas in Trustor's name and Trustor here6y irrevocably appoints Beneficiary or Beneficiary's agent as attorney in
<br />fact to dn the things necessary to comply with this section.
<br />24. JOINT AND IN�IVIDUAL LIABILITY; CO SUCC�3SOR5 pND ASSIGNS BOUND. All duties under this Deed
<br />of Trust are joiriT and individual. If Trustor signs this Deed of Trust but does not sign the Evidence of Debt, Trustor
<br />does so only to mortgaqe Trustor's interest in the Property to secure payment of the Secured De6t and Trustor does
<br />not agree to be personally liable on the Secured Debt. Trustor agrees that Beneficiary and any party to this Deed of
<br />Trust may extend, modify or make any change in the terms of this Deed of 7rust or the Evidence af Debt without
<br />Trustor's consent. 5uch 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 Benefic;iary.
<br />If this Deed of Trust secures a guaranty between B�neficiary and Trustor and does not directly secure the obligetion
<br />which is guarantied, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trustor vr any party indebted under the obligation including, but not limited to, anti-deficiency or one-actiori
<br />laws.
<br />25. APPLICABLE LAW; 5EVERABILITY; INTERPR�TATION. This Deed nf Trust is governed by the laws of the j�arisdiction
<br />in which Beneficiary is located, except to the extent otherwise required by the laws of tf7e jurisdiction where the
<br />Property is located. This Deed of Trust is complete and fully integrated. 7his peed of 7rust rnay not be amended nr
<br />modified k�y 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 t�e eff�ctive, unless that law expressly or impliedly permits the
<br />variations by written agreement. If any section or clause of this Deed of Trust cannot be enforced according to its
<br />terms, that section ar clause will be severed and will not affect the enforceability of the remainder of this Deed of
<br />Trust. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of th�
<br />sections of this beed af 7rust are for convenience only and are not ta be used to interpret or define the terms of this
<br />beed of Trust. 7ime is of the essence in this Deed of Trust.
<br />26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee by an instrument recorded in the county in which this peed nf 7rust is recorded. 7he 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.
<br />rn�ge 6 of al
<br />I_r ,. M C� 1993, 2007 Bankars Systams, Inc., St. Cloud, MN Form AGCO��RESI��NE 1/17/2003 �/�,�
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