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<br /> At the Opt{OII 0� LCTKS�r. all ar any parc oP the�roed f��a ancl chnrges, w:irued intcccsi u�d priruipal shull l�ec.�i�x: �.
<br /> iminedla[ely due s�ad payible,after�i�in� �wUce if roqulrecl by law, upon the cx:cuITence of a defKUlt ar nnnytitre ther�af3M. �.
<br /> [n °.:ditioa, Ltts�:r s.h�!1 be e!��t�t,xi cn�1f ttu: reinedia provided by lew. tbe Secuird Debt, this Ueed of 7'rust tixl auy =
<br /> Klatod doe�arts itxludiur without limttuion. ttu powu w seU the Pn�erty. _
<br /> Ii therc is a default.Tnucpe shali.in addltion to auy ot1uK pc:;mltted remedy,at the requect af tlu l.eeuler,�verlice wnd sell _
<br /> tbe peoae,-cy�s a whalc ar ia se�:r.t�pucele ct public wction co the 6ighest bidder for cxsh aad co�vey absolute tiUe fiee
<br /> 1 and cleu of�Il ritht,titla and interest of Grontor w such time and place as Trustee designates•Trustee st►All Qiv��ie;w
<br /> ss�lc inc(uding the time, tern�s And plzce of ssle and a descdptioa of the ptoperty to be sotd s�s rcquired by the App
<br /> ia effect at the time of tho ptaposed eale.
<br /> Upon sale of the pmperty�d to the eattent not pmhibited by l�w,'I'rustee shall m�lce aad deliver a deed to the Property sold —
<br /> which couveys absolute title to the pucchasa', and afur fuu payiag a111 fees, chuSes aad cASts, shall pay ta L.eader�ll
<br /> inoaeys �dvaneecl for repain� ts�ces. insuraaee. lirns. uses�w and prior ene�unbranees aud interest thereon. and the
<br /> priacipal aad interest on thc Sccurod Debt,PaY�B��Pius� if any.to Graator.Leadet may purcha�e the Property. 7be
<br /> recitals in any deed of convcyance sha:l De prima facie e�'ide�nce of the fxts set forth therein.
<br /> All remedies are dlstinct,cumulative and not eaclusive,aac�t5e 3xnder is�tidad to all rem�lirs provided at law or equiry, �
<br /> whether expressly set forth or not. 'Ihe xce�tance by Leader of any sum in paYmeat or Partial WY�IIt on ttse Secured Debt
<br /> after the balance is due or is acceler�ted or after foreclature proccedinEs ue filod sh�ll not�nstitute a waiver of l.eader's
<br /> ri��to require fu11 aad comnlete cure of aar exiuing default. By not exercising aay rea�adY on Grwtor's c�e�t.L��der
<br /> � c:oes mt wai�e I,.eader's ri,sht to lata cons53�i the eveat a default if i3 continues or haPP��Cain.
<br /> 1S.E.�E,\SFS:A3f1vA.�CES()�r CO�'E'VFL`TS;A7TORNEYS'FEES;COLLECi'ION COSd'S.Fxa°�+c�•IIea�mbib:.�
<br /> ,� Dy:aw.Gr�:ter agtces ta pav a1t oF Le�der's eacpea�es iP Gr�otor bvexkes aay ca��r^...3at ia thns l�.°�i of lhist.��cier w�It
<br /> a;sa pa?�oa demand ail of I.�a3er's expeases iar�mri i�uaa3atin8,insurin8,Presen���� t�o��-''��1 cos s
<br /> ic�eawries, audiu,inspoctions or other et�*+a �n�:.u�n by(,�ec ia Tes[kCi t0 the Pto Gr�ator� FeY
<br /> aad expeasrs ineurred by Leader ia eatforcing or �+mtecs3cg Ixnder's rlghu and remodies ua3er this Deed of Trust,
<br /> including,but not limited to.attomeys'fea�ParaleBal fees,ooure cosis�aud other legal expeas�s. Once the Securad Debt is
<br /> � fully aad fu�lly Pud, Leader agrees w re2�ase this Dcxd of 7'rvst aad Gr�utor agras to pay for wy recordation costs.All
<br /> � such amouats+ire due on danaad wd will bear interest from the time of the advance ai the highest ruo ln effest. from dme
<br /> to time.a4 provided la the Bvideace of Debt wcl�pean�itted by law.
<br />—.� 19.EIWIRONII�NTAL LAWS AND W►ZARDOUS SUBS'fA3VCES. As used in this sociion, (1) "Eoviroaaseatal L.aw"
<br />—� meam.'withoui limitatioa, the CumPn�a�ive Eavimomeat�l Raponse. Compeasatioa wd Lisbility Act (CERCLA,42
<br /> U.S.C.9601 et soq.).all other federal�ccate wd Iocal laws.rcguktions�ordina�sces.court ordas. attor�eY Seaaal opinioas
<br />—� or intaprettve lettas aoaoemia� the public he4lth. �afety� wdfarc� eavironn�eat or a hpzudons cubstaace: wd (2)
<br />_� •Har�rdous �tuioe" mraas aay toxic, radiw�tive or huardous muerlal, waste. pullwant or conumin�at which has
<br /> Ctl�iC�Qii[IC8 R'I11Ca IGit1CT utc su`e+o"ii�'w�v i�a.""i.Y.T'v.:%,C: •�"� e.11� risn�rtr_�t�� tn thC D11�1C �3G�tb. S�C�Y. wC�faTC �.
<br />� eaviroameai. T1x tam includes, v�ntbout liatit�twa. my substauces de�aod at "l�xanlous materlffi. toxic substxaas,
<br /> •hazudous waste"or "hazardous substusce' unda aay Euvlconmerual Law. Grantor represeats. warrants �nd agcea t�st+
<br /> exoept as prevtoutiy disclosed aad xknowkdged in wrlting: ��maaufact�ued.treatod.refined,or hwdled by
<br /> A. No HaTSrdous Substance 1�as baa.is, or will be locateci,traaspo
<br /> — �Y P�n on. uader or about tl�e PropertY. exapt in tte ordinuY couise of bvsiness wd in suict wmpli�ace witl�
<br />- a11 applicabk Eavironmeatal Law_
<br /> B. Graator has not wd will not causer conuibute w�or permit the release of aay Hazardous S�bstaace oa the Prnpeity.
<br /> C. Gr�ator will immedi�tely notify I.eader if(1)a rdelse or threatwed nlesse of Huud�us Substxnce occurs oa�,
<br /> uader or about tlu Property or augrites or threuens to mignte from neubY P�Y:or(2)tbere is a violation of
<br /> aay Fsvironmeatal l.aw conceming the Pcopercy.ln aucb an event.Graator will take all ne�essaty=emedial�tion in
<br /> accordaace wiih Environmeat�l I.�w.
<br /> D. Graator has no Irnowledge of ma reason to beli�ve tbae is �ay P�8 0* � ���B�O°� C�lI1], 4F
<br /> — pmcading of any kind reluing to(1) any H�rd�ivs Subu�uce lx�ted un, uncler or about the Propaty;or(2)�y
<br /> � viol�tioa by Grantor or any tenaat of wy E��tall.aw.Gnator will immedi�tdy notify 1.eader ia wr�tin8 a�
<br /> soon as Grantor has tr,�son to lxlieve thae is zny sucb peadia8 or tLnatwed investigation,claim.or proaaliag.Iu
<br /> = susv an eveat, Laader h�s the rigtu,bui not i1u obllgation. to Participate in any such procadin8 iac]udia8 th�r1$�St
<br /> — to nceive wpies of any doa�mmts relating to such pcocadinga.
<br /> — E. Grantor aad evary teaant have beea�ue aad slull remain ia fiill compliance with anY�PPlicable Eavironmeatsl law.
<br /> _+ g, �sere are no undcrground storage twks,private duu�ps or opea wells loc�ted on or und�er tlu Pcoperty aad n�such
<br /> = taalc.dutap or well will be added unless l,eader first oonseats ia writiag.
<br /> � G. Gr�awr wiU regularly inspoet the Propary, rnonitor the�ctivitks aad operations on the Property, aad confirm that
<br /> � all permits,lioeases or approvals required by aay applicable Enti�ironmeatal Law ue obuuned and compliod with.
<br /> H. Graotor will pamit.or cause pay teaaat to pamit,La�der or l.ender's agmt w auer and inspa,t tl�e Pmpaty und
<br /> mrie�v �11 recordt su any rearonable dme w determiae(1) tho existeace, location and nature of any Hazzrdous
<br /> Substmce oa. under or sabout the Propaty: (2) ttu e�clstesce. locztioa, nature. wd inag�uitude of wy Huardous
<br /> 9 S�b�te�t that 6aE boai released on,urxler or�bout t6e PropertY;or(3)whether or not Graator aad my ta�ant are in
<br /> — compliwce wiih applicable Environttseatal Law.
<br /> — I. Upon L.ender's roquat aad at aay time,Griator agrees,at Gnator'c ea�pease� ta engage a qualified eavironmeatal
<br /> n enginoer to prepare w enviroornental audit of the Propaty and w cubmit the nsults of such wdit to I.wdes.The
<br />_;� cho�ce of the�uvironmeatal eagineer who will perfomi svch audit ir subjoct w L.ender'e approval.
<br /> I. L,eader has the rirht,but not the oblip�,tion, w perform any of Graator's obli�ations under this section at Grrator's
<br /> K. As�c�onsoque�e of wy brexh of any rcpreseatatloa,wamnty or proa►ise m a d e in t h i s s e c t�o n, (1)G r i a t o r w i l l
<br /> �: indemaify and hald L,eader aad Lender's suceessocs or usigac harmless from aad against all lasses, el�ims,
<br /> d e r r s a c l s,lia bi li des, d a m a g e s,c l a a u p,r a p o n s e �o d r e�a e d i a t i on costs,p e n a lties aad e x p e n s e s, including widrout
<br /> limitation all cosu of litigatioo snd attoma-�s'faes,which Lrnder and Lender's successors or assigms may sustain�
<br /> aIId(2) at Lendtr's discretion,Leader m�y,:+e".eue t5is 1k�1 of Tnut�nd in return Graator wi21 gso��de Ixnder with
<br /> . colb:teral of ai least equal valce to the Ptcperty sea��ed t;�tl�is Deed of Trust wit}wut prejudice co any of L,e�des's
<br /> ,.�.
<br /> '.{ rif;�ts uader this Deed of Tr�u.
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<br /> 019II3�ryunSY�wm.lnc..St Gloud.lAN(S•500-39�-23N1 Fnw�GiICOOT�A►E u6/93
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