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<br /> At the option of Lender, all or any part of the agreed fees and charges, accrued Interese and princlpal
<br /> shall become Immedlately due and payable, after glving notice If required by law, upon the occurrence -
<br /> of a default or anytime thereafter. In additlon, Lender shall be entitled to all the remedies provided by
<br /> law, the terms of the Secured Debt, this Securlty Instrument and any related documents, Including
<br /> without Iirrvicaclon, the poa�er to sell cfie Property. -
<br /> If there Is a ciefault, Trustee shall, In addltlon to any other perm(:ted remedy, at the request of the
<br /> Lender,advertise and sell the Propeny as a whole or in separate parcels at publ(c auGtlon to the highest '"
<br /> biddpr for cash and convey absolute title free and clear of all right, title and interest of Grantor at such '
<br /> ' time and plaee as Trustee designates. Trustee shall gfve notice of sale includfng the tirne, terms and
<br /> place of sale and a description of the property to be sold as required by the applicable law in effect at r „
<br /> ^ • the time of the proposed sale. � �
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<br /> Upon sale of the prop�rty and to the extent not prohibited by law, Trustee shall make and dellver a '°'���
<br /> deed to the Property sold which conveys absolute title to the purchaser,and aker flrst paying all fees, � • � �
<br /> � �harges and costs, shali pay to Lender all moneys advanced for repairs, taxes, Insurance, Ifens, � r�� -.w,µ.;,,�-W�
<br /> assessments and rior encumbrances and interest thereon, and the rinci 21 and interest on the ' .�.;�;,:"�"_�:.�,�-�--
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<br /> t S�ecured Dek�t. Nayfng the surplus,li ar�y,to�rantor. Lender may pi�rct�ase the Praperty. �'he recitals ii� � �.'��-�'-;;'r� �t-'-�-=
<br /> •`� � •I any deed of conveyance shall be prima faci�evidence of the facts s�t forth therein. "•��,`;`;:i'%�;::'`�'' ��:"�;='=
<br /> '� All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedtes _f3�
<br /> provided at law or equity,whether or not expressly set forth. The aaeptance by Lender of any sum in •.,�� '" -�
<br /> �ayment or partial payment on the Secured Debt after the balance is due or is accelerated or after , y__
<br /> oreclosure proceedings are ftled shall not constitute a wa(ver of Lender's right to reqvfre eomplete
<br /> � cure of any existing default. By not exercising any remedy on Grantor's default, Lender does not walve
<br /> ., �end�r's right to later consider the event a default if it continues or happens again.
<br /> � � �� 16, EXPE�DSES; ADVANCES ON COVE�lANTS• AITORNEYS' FEE5; GOL.LECTION COST5. Except when ;
<br /> prohibited by law� Grantor agrees t4 pay a�l of Lender's expenses if Grantor breaches any covenant In
<br /> this Security Instrurr�ent.Grantor will also pay on demand any amoune Incur�ed by Lender for Insuring, � . .
<br /> � Inspecting, preserving or othp►wise protecting the Property and Lender's security Onterest. These '��
<br /> _ exnenses wlll bea►interest from the date of the oayment until pald in full at the hlahest Interest rate In _ �"•
<br /> ' effect as provlded In the terms of the Secured Debt. Grantor agrees to pay all coscs and expenses � „
<br /> Incurred by Lender In collecting, enforcing or protectlng Lender's rights and remedles under thls f ' ;
<br /> S�curicy Instrument.This amaunt may Include, but is not Ilmlted to, attorneys' fees, court eosts, and �
<br /> other legal expenses. 7hls Security Instrument shall remaln In effect untll rel�ased. Grantor agrees to :; ,_
<br /> pay for any recordatlon costs of sueh release. ; ,
<br /> 17. ENVlRONMENTAL LAWS AND HAZAROOUS SUBSTANCES.As used In this section (1) Environmental j
<br /> Law means, wlthout Iimitatfon, the C�mprehenslve Envlronniental Response, �o�npensation and ' ..
<br /> � Llabtliry Act(CERCLA 42 U.S.C. 9601 et seq.), and all other federal, �tate and local laws, regulations,
<br /> ordinances court or�ers,attorney general opinlons or Interpretive (etters concerning the pubflc health� �
<br /> safety,wel�are,environment or a hazardous substance;and (2) Hazardous Substance means any toxic, 's�,�..��
<br /> radioactive or hazardous material� waste, pollutant or contarninant which has characteristks which �.`°'
<br /> render the substance dangerous or potentially dangerous to the public health, safety, wPlfare or e�
<br /> environment. The term Includes,without Iimitation, any substances detined as "hazardous materlal," y:�•„�._�� �='"
<br /> ' "toxie substances�""hazardous waste"or"hazardous substance"under any Environmental Law. '-
<br /> Grantor re�resents,warrants and agrees that: ':��'��
<br /> A. Except as prevlously dlsclosed and acknowledged in writing to Lender, no Hazardous Substance Is - r
<br /> er w(II be located,storec! or r�leased on or in the Property.This restriction does not apply to small "``��__
<br /> quantlties of Hazardous Substances that are generally recognized co be approprlate for the • ------
<br /> , normal use and maintenance ofthe Property. -- - . .�
<br /> , B. Except as previously dfsclosed and acknowledged In wricing to Lender� Cranior and every[enant - _-- _
<br />, .. have been,are,and shall remain in full compllance with any applicable Environmental l.aw. _—-_ _
<br /> '���--�=�—
<br /> _ �, Grantor shal� immediately notify Lender if a release or threatened release of a Hazardous :xrp��i;��,».;�-
<br />_ , Substanee occurs on, under or about the Praperty or there is a violatlon of any Environmental Law .:•-;r� � -
<br />- concerning the Property. In such an event, Grantor shal) take all necessary remedial actlon In ='"'��""`��=`'
<br /> � � actordance with any Environmental Law. '�''?tiM`k'�:��+'�,'
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<br />_ D. Grantor shall immediately notify Lender in writing as soon as Grantor has reason to believe there r�=:�"�-�= •��'�•��''-'
<br /> is any pending or threatened investigation, claim, or proceed(ng relatlng to the release or � ���-�-= � �
<br />- threatened release of any Hazardous Substance or the violation af any Environmental Law. � �� . - �.
<br />" 18. CONDEMNA4'ION. Grantor wfll gfve Lender prompt notice of any pending or threatened action, by � �
<br /> prfvate or public entlties to purchase or take any or all of the Property through condemnatlon, eminent �
<br />- domaln, or any othe� means. Grantar authorizes Lender to Inten►ene in Grantor's name In any of the � „
<br /> � -. O 1994 Oankvt Systemt,Inc.,5�Cloud,MN p�00 39723�1)Fonn GTH MTGUZNE 10/1 1/91 GT 15�20090(9/94) (pagr 10(6) ' -'
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