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<br /> At the aption of Lender, all or any part of the agreed fees and charges, accrued fnterest and p�incipa) ;�,�_.
<br /> � shall become immediately due and payable,after giving notice if required b law, upon the occurrence :s.:��..�
<br /> ��l�. .:�:w"-�
<br /> of a default or anytime thereafter. In additlon, Lender shall be entitled to al the remedies provided by a,-�-_
<br /> i `. .y�—_—.
<br /> law, the terms of the Secured Debt, this Security Instrument and any related documents, including ,,��
<br /> without Iimitation, the power to sell the Property. _- _
<br /> If there is a default, Trustee shall, in addition to any other permitted remed y�aucthon to thethi f the
<br /> Lender,advertise and sell the Property as a whole or in separaXe parcels at publi ghest �
<br /> bidder for cash and convey absolute title free and clear of all right,title and interest of Grantor at such . -:�.
<br /> • time and plac� as Trustee designates.Trustee shall give notice of sale including the tirne, terrns and �
<br /> place of sale and a description of the property to be sold as requlred by the applicable law in effect at
<br /> the time of the proposed sale.
<br /> Upon sale of the property and ta the extent not prohibited by law, Trustee shall make and deliver a
<br /> deed to the Property sold which conveys absolute title to the purthaser, and after flrst paying all fees, _
<br /> charges and costs, shall pay to Lender all moneys advanced for repairs, taxes, insurance, liens, -
<br /> assessments and prior encumbrances and interest thereon. and the principal and i nteresc on the •
<br /> Secured Debt, paying the surplus, if any, to Grantor. Lender may purchase the Property. The recitals in
<br /> any deed of conveyance shall be prima facle evldence of the facts set forth therein. , .Y
<br /> All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies
<br /> provided at law or equity, whether Ar not expressly set forth. The acceptance by Lender of any surn in _
<br /> , payment or partial payment on the Secured Debt after the balance is due or fs accelerated or after ,.
<br /> �; foreclosure proceedings are flled shall not constitute a waiver of Lender's right to requlre complete
<br /> cure of any existing default. By not exercising any remedy on Grantor's default, Lender does not waive �';��
<br /> � Lender's right to later consider the event a default If It eontinues or happens again.
<br /> 16. EXPENSES; ADVANCES ON COVENANTS• ATTORNEYS' FEES; COLLECTION COSTS. Except when �-
<br /> -- piohibite�i by la�v, Crantor agrees to �ay a�! of I pnder's expenses if Grantor breaches any covenant in __ �f:`°="
<br /> this Security Instrument.Grantor wfll also pay on demand any amount incurred by Lender for insuring, ��,�__
<br /> inspeeting, �reseroing or otherwise protecting the Property and Lender's security interest. These
<br /> ex�penses will bear interest from the date of the payment until paid In full at the hlghest interest rate in " ';�
<br /> ef�ect as provided fn the terms of the Secured Debt. Grantor agrees to pay all costs and expenses ���►�
<br /> incurred by Lender in colle�ting, enforeing or protecting Lender's rights and remedles under this ,;�, �:',i<
<br /> Security Instrument.This amount may include, but is not Iimited to, attorneys' fees, eourt costs, and t.rt•. '� .
<br /> other legal expenses. This Security Instrument shall remaln in effect until released. Grantor agrees to I '='�y�
<br /> pay for any recordation costs of such release. I :,,�... .
<br /> 1�. ENVIRONMENTAL LAWS AND FlAZARDOUS SUBSTANCES.As used in thls section, (1 ) Environmental �
<br /> Law means, wlthout Iimitation, the Comprehens(ve Environmental Response, Compensation and _
<br /> Llability Act(CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and local laws, reg ulations, .. ,.�---�--
<br /> ordfnances court orders, attorney general opinions or interpretive letters concerning the public health, �.,.,,,�::'�=--
<br /> safety,wel�are,environment or a hazardous substance;and (2)Hazardous Substance means any toxic, ���,�r
<br /> iradioactive or hazardous material, waste, pollutant or contaminant which has characteristies which .:-�,,,�;.r.
<br /> � render the substance dangerous or potentially dangerous to the public health, safety, welfare or a .�
<br /> environment. The term includes, without Ilmitatfon, any substances deflned as 'hazardous materlal, ' .:.,� ��::����
<br /> � "toxic substances," "hazardous waste"or"hazardous substance' under any Environmental Law. �__
<br /> Grantor represents,warrants and agrees that: "' •
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<br /> q, Except as prevlously dlsclosed and acknowledged In writing to Lender, no Hazardous Substance is ..,���,o,.,:
<br /> ' or will be located, stored or released on or in the Property.This restriction does notapply to �mall ;� -
<br /> quantities of Hazardous Substances that are generally recognized to be appropriate for the �ti`?�'�`�'•'°
<br /> �sr�-
<br /> � norrnal use and maintenance of the Property. :''-"'-�_
<br /> B. Except as previously disclosed and acknowledged In writing to Lender Grantor and every tenant �
<br /> have been, are,and shali remain in full complianee with any applicable �nvironme ntal Law. � -
<br /> C� Substancehoccu s on�uander o�aibout heePr perty or there is a violation of any Enevironm�n alLaw
<br />- concerning the Property. In such an event, Grantor shall take all necessary rernedfal actfon (n I
<br />- accordance with any Environmental Law. �
<br /> " D. Grantor shall immedlaeely notify Lender in writing as soon as Grantor has reason to believe there �
<br /> is any pending or threatened investigation, claim, or proceedfng relating to the releasa or
<br /> threatened release of any Hazardous Substance or the violation of any Environmental Law. �
<br />— 18. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened actlon, by , �
<br /> domain�opany�othe�r�me nsuG anto�authorizes Lender toeint rpvene inrGra tor�'s�narneafn any o�fthe I
<br /> : _ ...--••-... ........... rT,c�unan �oioa, n,ea.��IR� i .
<br /> �� m 1994 BankcrsSyuCms.Int.S1.Uoud.MN 1�auu fvi n+n�o�m����m�..�..�^� �.., ,�- - ' - ' -
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