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<br /> � . lA. DEFAULT.Tn�sror wiII be in def�ult if z��y!srrt;oblig-ate�1 a:�cse�tea:�l.Debi�'aits w make gaqment�vlien due.' n�smr . -. .'
<br /> vci"11 be in de�nit if a breadi accurs under:b:tua�s cf*_'::::Se^�*it���a�mknt.a�ariy other dacument easecuted for tlie �
<br /> , p�spose of czeatins,secnt'sn�or guarantyiu��Sect�ci L�G:�Leoc'.faith belicf by BeneFe'i::y tl�at Beuefec'�ary at any • �����4 � ,
<br />, . j d�e�s�nsecure wnth ces�ect to any person ar eeti�y,cy.i�:!�:1 eL.�Se�wred D_�t or tLat.�e pros�ec:t of any paynLnt or
<br /> ; �' ' � � die watue of th�Property u impaired s�all also cons�icut,:�e�en:ef�efanit. . � �
<br /> � IS. R�DIES ON DEFAULT. In scmie iastxn��es, fe�.r.��ut�l statr law��ill reqnirr Beneficiary to pmvide Trastor with ', . . � •.
<br /> natice of tue right to cure ur ather nctice�a�W m:►y rsYxbt:,h tim� sc6sxiulra for foiecIos.ue acGOns. Subject to these � ;� ,
<br /> -_� limitaaoas, if a�y, BeueHc�ary may accelerace die 5�ured Dabt auJ Cora:lose tl�is Securiry Iastrument �n a aaanner : . :
<br /> , � .,---� Provided by taw if Tiusror u in default. ,_`-—, .
<br />. . At the option of Beneficiary aU ar any�art nf tlie agreecl 1'ee�:uW cl�er�es,accruecl iiuemt and�principal sl�al!becaue
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<br /> � icumrdiateiy due :uul payable._after gwtng noiice if reyuite�! by law, upun the accurrence of a default or anytime . . . .
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<br /> ' � theteafter. In additiva. Benefic��uy ahall 6e rndded tu all the renird:��ro��i�eci by law.tl�e teims of the Secuted Debt. ; `�, •. . <.
<br /> , , � d�is Strudty Ia,tcUmein a�ul any related Jocuute�iw,iucluciinb wituout linutaaun.th�,po�vcr to sell thr Propeny.
<br /> ' ' If tl�are is a deFault,Trustee s1�aU.in adc�idon,to:uiy qsh��r e�nutted r:mu1}I,�at dsc mguest of fbe Eei:efciary, advertise , � �.,,,,,.
<br /> • , • � aiui sell tlie Prupeny as a whale ot in se�arate parcel�a't pu�tic augtiun to the.bighesc UicWer for cash:incl convey absalate . �.r <
<br /> title free anQ dear of�!1 r�btit.dtie:wJ interest of.Trustur,�t slcb tiAie and place as'i'n�ster�sib�a3tr.s•Tru,ter�hall givC
<br /> ' • . nutic�uf�.11r induding the time,terms aud�L'�cr uf sale attd a sle.+eriptiflu af ttic�rup.rty to be.old;s�rcyaired by the _ .
<br /> - .. :y�pficablc!aw in cffect st the pmc of thr prupusrd sa1r. . `�'u..j
<br /> , . .. C.� t'.Y.��u,:-_.
<br /> Lpon sale of�Lt property antl ro.tue exte�:�t�t�pmLibitr:�by l�w.Trustes:slt�11�make:snd ci�liver a cie�to the Property � ".°
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<br /> � �� �old w6iti;b wnveys a6sotute ritte to tlie purcUastr,.:wd atter Erst paying.:tli fees, chara�ea aiW cosc,, sHall�ay to . _—
<br /> ' Beneficiary all nia»eys aclvan:ed for repain. �xrs, :utiwaieee, liriu, :usrs�-n�euts aacl p�iar encumbtati�es aud mterest �� :::'--.
<br />- • � tlie[eon, and the prine�pal and iutere�t u:t dte S�utetl-Debt, p�ying tlie,sutptus.,if,auy. iu Ttustor. Beaeficiacy,utay , -�_--
<br /> ,� p-anl�asa the P:operty.The:rcitals in any deed of cameyance afiali be priiva facie rvidence of the facts aet focth dierew. ' ,��'"',�'.�,
<br />_ . � All remedies are distinct,camulativ�aad nu:Cxclusiv�e.anEl.tur Be���c'uuy s entitted to a11 reraedies provid�l az!aw os -. '-i'--
<br /> equity.whether or uot expressly set fartl�.'l7�e ac��eptance by BeneRciary of any swn in payraent or pamal payruent on the --—°`� t�
<br /> S�,.cured Debt after tbe balance is due or is acceterat�i or aftCr foieclusvie pmcceuiugs are filed sLall not com�tiptte a • - �' �--
<br /> .,� • vraiver of Beueficiary's right to tequin camptete ceire of::ny existiv�default. By nflt exe�isu�g auy rem�ly on Trastor's . •� �.�'
<br /> d�fault,Heae6cia daes nnt�vaive Bene@ciary's rigbt to later consi�ler il:N event a defaul[�f it c:onpnaes or ba ens a�aia � `��� `�i-
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<br /> ' 16. FXPENSGS; ADVANCES ON COYENANTS; A3°i'ORNEYS' FEES; COLLEC:'ION COS'fS. Faccept when .�:,
<br /> . pro�ibited by law,Trustor agrees to pay ap of Beaeficiary's expeASrs if Tnu�tor bmaches any covenant itt sbis Security ° `��
<br /> � I»st[umen� Trw�tor will also pay on den�and auy atuount utcurred by��eneficiaiy far ia�vrin�,inspectiug,preserving or . . • " '�'':;.;�sa,
<br />_�� ` o:henvise rrotecting the Pmperty sunt Bettefciary's s�erity uueies�t.;i7iese ezpeases wi1!brar interest fro�the date of the .;�,.
<br /> •� � papment uniil paid uc full at the Wghea-t inteiest tate�n eff�t as•psuvidecY iu the tem�s of tl:e Securecl Debt.Tmsior agrces ��� ;�
<br /> --' tu pay all wsts and expeas� incurred by S��aeticiary in zu3t�:ti�t�;;�furci�ig.uY prote�:cing-Benefsiary's,riglits and -- : —
<br /> . reniedirs ucder this Sec�;rity Instrutuent.•Tliis wiouat'may�UCl�de:Uut is uot 1'umted to.s►ttoraeys' fees:caurt costs,and . ^ $;�-:
<br /> o�her legal expe��ses. 11�is Security •litstrumeat siiail remain in rff��c:C until rel�ued. Tcu+tor agrcxs to pay for a�►y :����a�:�y:
<br /> � re.�corc�attan coa�of stich release. . . . . . _ . _ .. �f{
<br /> � 17. ENVQtOM1�NTAL LA�VS AND RA2ARD0[JS SUBS�ANCES. As uied iu Ehis s:ction, (1) Environmental Law , '.��
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<br />` •�' . meaus. withouClin�it2tion.the Compreheu5ive Enviruniuental Respoase. Conipensatian a�d Liabil►ty Act(CERCL'A,42 . •. ,'�.�""
<br /> II.S.C: 9601 et seq.),and aU od�er feclrral,�tate and '•ocal 1aw�, ngu�.�riotr�. ordinwces, court orders, attome��general . ..,_:,�'qc�
<br /> o�iaions ar inteipredve letters coccemin�the public heat@�,safuy,welfare.e�iviramuenc or a halardous s�ibsuutce•:wcl(2) , . ,,.,,�::-_
<br /> Hazardous Substance �ueans aay taxic, radioac6ve or l�azardo�:s n�aterial, waste, polluc:nt or cunr.�wina��t «�l�ich h:u ' •
<br /> • cliatacteristics e�llccls renJer the s�ubstaoce d;►a erous or ten�all avi•rraus tv tl�e i:h}ic Le�ltl�, safr :celtare o: • ��'"1°`•'=
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<br /> , ' e�n+ironment. 'The tecm incied�: witUout lintitariae.any suL�tauc�defi:�1 as°t�:zarJaw u:a:erial," "toxic avbstances,° :: •: ;�'�"
<br /> � "Irazardous�c:tste"ar"hazardous substaure"LuJc:airy Enviru�:n�:ntal L.aw. . ' ' � ; ��
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<br /> Tnutor represents,�varr.wts aud agrexs d�:►t: • . •' " • ' ""�' ... . :��;-`
<br /> � � A.Except�s previoasly disclosed and actmuwl�dgecf in wri6nb to B_neficiary, n�Ha�erdous 5ubstaace•is ar•wiA be ' � -F_ -
<br /> - � .� 2acased. stured or relrase�J an or in the Propetty.Tbis rrstncuon does not apply to s-nia11 guantieir,s of Hazardoas .. . j '�����
<br /> �� Substancrs that rre gener.�lly ncoguizc:i to be apprupriace for th�norn�at w'e au d maintenance of the Propertyr. •
<br /> :,.: B.Except as previously ctisctosed and azlaiowleJgecl in writin�tu Bencfici:�ry.Tnutor an�l every t�1nt Lave been,are, . , •
<br /> , and sl�all rennin in full complia�ue with wy applicab.:Euvaamnent�e!Law. .
<br /> � C.Trustor�hall immeJiately•notify Bencficiary�f a•rele�ase or dueatened teleass of a•Hazardous Substauce accurs on, � ,
<br /> ��;� , � under or about tLs•Property or there is a vcolatiou uf any �nvtrumnevwl'Law concemius the Pro�erty. in sudi an
<br /> event.Tn�sror shall•tuke'all nec:�x�uy remufial nc[irn�i»accordau:e widi auy Ei�vironinental La�v. , ' ",
<br /> �_°` � D.Ttustor shall invnediately notify➢rnefici�ry in:writing ay�uoi��Trusror lias reason to'believe there i5 ai�y pendin� • ' , ,
<br /> '� or thtr,�teuul Investigaua^. c!am�, or•procecd�ns reladn�•ta :hc rel�uc ot dueatened reteasc of any Hazardons .ti�• " ::':�.
<br /> 5ubstance or tl�e violatio�i of a��y Emirasuueutal L;i�v. " :
<br />' � ;� 18. CONDEiVIIVATION.Tmstor will give BeueL"ciary pmmpt notice of;u�y,nending or tlireatrned::etion.3y private ot pablic � . �
<br /> e»tities to purchase or take any ur all of tl�e Pmperty through condrnu�anon.emment iton�ain,or Any otLer me�ans.1 nistoi . .
<br /> � autltorizes Beneficiary to intervene in 7'rustur's aame in a�y of ttse ahove described actions or cliitns.Trustor atisi�to � '
<br /> � � Qeneficiary tl�e proceeds of any aw�ard or claiin fur damages connected w;tU a can�Ienmad'ou os ottier rdlting uf�dl or auy . - ..
<br /> ���� � p�si of the Pruperry. Such pro�eds sl�a0 he co�uiQer:d paynients aiiJ will be xpplied �. ptuvi�r,tf in this Suurity � '
<br /> I»stcument. 'fl�is.usiymnent ot pr�cceds iy aah;est tu tlir t�iuix of xuy prior n�ortgaoK.derd uf trust.sCcurity•r�rren:e�u or
<br /> � � o[h2r lien�ocnment. � . ' . �, .
<br /> � 19. Q�TSUl2A1KCE.Trustor sl�all L•eep Pr��xrty iiuureJ:�gaiust!uss by si:c,lloud.tt�eli anJ ofl�rr iu�ards aud rislcs reaso»ably � �
<br /> . . . ' i d�ociated witL Uie Propeny�ue to �ts type and lawtion. Thi.r• i�uuranc. �l�all be maintaimd in��1�c amaunts and fi�r the .
<br /> 1 p�riods that Beneticiary re���:res. The insuranc: Carri_r ��uvidiu� :�ie in�ura�t�e shall b� chosen by Tru5tvr subject to
<br /> � � Heneficiary's t�pproval. wluc'.i slr.�l: nu: he uiueasmt!b!y �ciAii�zl�.'11'1'rustor fail:; m mai��t:�iii d�e corerage described .
<br /> ahove. Beuefic�ary u�ay.at Beneficiary's•upti�r�,obtain cu�•rr�t•c tv prutect Rrnefici:.ry's rigl�ts in the P:operty;i�co;Jiug
<br /> ��•".;� � t�the•tcm�s of tl»>•SecUrity Srutru�»c•��t.
<br /> ', All insura�ue palicie�:uid rr�r:w:�s::Irnll b�::ccrpu:ble tu Beiietici:�ry aud shaU i�tclude a staudattt"mortgagr clause":u��. � � .
<br /> ! ��here applicai�lr. "loss p�yee clausc."Trustrr st�all�iunnrJiately nutii�• DrneFciary of exhcellatioi�urtemii��aan of the �
<br /> � - insurance. iieneficiary shall h:ve Ihe right :u ho1J tlie pulicies aqclTenetivals. lf l�eneticiary teqLires. Trustor slial! �
<br /> = � 1111111C1J1'AICJy S1YC w Brnefic:ary•a:l re�:�pts of �:iiJ premiunu ar.� r�ne�val �otices. Upan loss, Trnstur sLall give � •
<br /> �.�;, � immetliate notice to die insurance carricr::rn.i Oenelic�:uy. I3c:n:lici�ry may malce prouf of tus..�r not ma�e innne�i�tety by
<br /> • �; Trustot. . . . . .. � .. • �
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<br />_ �1894 Bemen Syseem�,iea,S�.Cloui,MN I1•800�797�23a�1 io�m REDT�NE 9l73�95 ° � �. �
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