|
. . .
<br /> . ::� . <
<br /> ' � . < < . � . � � .. " , , .-F -a� . - -- ' -- _
<br /> ��
<br /> { . .4 5 .�. z• .t ' � . ` � , �_ . ` • . .4• �Y _
<br /> ^. ., '
<br /> . . .. �. .4�_ ..,_ � � .�.. , .. � . _ , . , . . . _ . ` . .., . .._. _ . _ .
<br /> . . , ... .
<br /> 4 .._ ' ' . '.._ ' � � . . -._-...-_.�. .. . .
<br /> .
<br /> �
<br /> .. . , .. ...p.. . . � .. ...'` �
<br />� . � -._._i' -: -_,,�,__�_.�—._--.._....i,...----- °,.. ......,_.__.__. --'---�.—._._.----- .. .... . ........__•___.... �o: .
<br /> . � � �3 ��� � �_
<br /> � � --
<br /> � ��., ; :�: .
<br /> :� �'- `i �� g�- i���� . �.z� ,t`- ,'
<br /> �� ` At the option of Beneficiary.all or aay part of the ageed fces and charges. a� interest and principal shall becorae < <�:' .;...
<br /> s. � ` � immediatety due and payable.after giving notice if requird by law.upoa the oavrreace of a defavlt or anytime thereafter• . • �. G ;
<br /> ° ta addicion,$eneficiary shall be entitled to ail We ranedies piovided by law.thc Evidence of Debt.other evidences of deb� ,`�. �, :,
<br /> , ' . . this Dced of Tn�st and any related dflcumenu including without lunitation.the power to sell the Property. ;� . � � ..
<br /> � If there is a defauh,Tmstee shall.i�addition w any other permitted remedy,at the requesc of the B�eficiary,advectise and ` . :
<br /> • • ' i sell the Property as a whole or in separate parcels at public austion to the highest bidder for cash and convey absoIute tide , ,
<br /> .:. r �
<br /> - free and ctear of all rip,iit,ade and interest of Tn�stor at sucli tune and place as Tnistee desigaates•Trostee shali give notice i._ .
<br /> _ R .�-.-- of sate�ciuding the time.tQrms aasl Place of sale and a descrip6on of the property to be sold as required by the�aPPlirable -_ ---_.�
<br /> . .. � . . law in effect at the time of the pmposed sale.
<br /> . • .. � Upon sale of tfie property and to the extent not pmlu'bited by law,Trustee sha11 make and deliver a deed to the Property sold ., . .
<br /> . �. . , whicl�canveys absolute afle to the purcbaser.and after fust paying all fees,charges and costs.shall PaY m Beneficiary a11 .. �
<br /> , �� .
<br /> . - ''- moneqs advaaced for repairs, taxes, insurance. liens, ass�ts and prior encumbrances and iater�st ther�on, aad the �;5 � _... , .
<br />: ;;:;;:. principal and interest on the Secured Debt.PayinS the surPlus,if anY, to Tn�stor. B�eficiary may purchase the Property . .
<br /> , -;,,�:,^�4; The iecitals in any deed of c.cuvegance s6a11 be prima facie evidence of tfle facts set forth therein : - :;
<br /> rt
<br /> , .'�.F�^.. _ .• . ..
<br /> ' • � qu��ies are discinci, cumulative and not exclasive.and tbe Beneficiary is entidal to a11 remedies provided a t lon the `r r�` -
<br /> � e�iry,whether expressty sei forth or not.The acceptance by Benefcciary of any swn in payment or partial paymen �_-
<br /> Sesuied Debt after the balance is due or is aaxlezated or after foreclosute proceedings are f�ec1 shall not constitute a waiver , _
<br /> - of Seneficiary's right w require fiill and complete aue of any eaisting default. By not exe�ising any remedY on Trustor's
<br /> ' � default,B�eficiary does not waive Beacficiary's right to later wnsider the event a default if it continues or happens again. :
<br /> ' lg,EX�iS&S;ADYANCES ON COVENANTS;ATTORNEYS'FEES;COLLECT[ON COSTS.Eacept�=hen prolubited � ;-,_„�,__
<br /> . by law.Ttustor agees to pay all of Beaeftciary's expenses if Tr�stor breaches as►y covenant in thfs Dced of Ttust.Trustor --- --- _
<br /> ; ��, will als�o pay on demand all of Benefsciary's eap�nses incuned in coAecdng,insurins.preserviug or pmtecting the Property .
<br /> � • or in an inveator�es.audits,inspecaons or other exaa�ination by Berteficiary in respect to[he Property.Trustor agrees to . ,.�;,�_
<br /> y . .�
<br /> � • . pay a11 wsts and expeases incurred by 8enefcc�ary in enforcing or protecting Beneficiary's rigltts and remc.Aies undes �s ;�. ,T__
<br /> � � Deed of Ttust.including.but not limited to,attomeys'fees.court cnsts.and other legal expenses.Once the S�ured Debt is . , f
<br />-.. '� .-�• ' fu11y and itnally paid,Beneficiary agrees to release t6is Deed of Tsnst aad Trustor agrees to pay for any cecozdatina costs. �; �._-': ��°''
<br /> . p►1 svch amounts are due on demaad and will bear in[eresc from the time of the advance at the highest rate in effect,from . �,�
<br /> ' time to tune.as provided in the Evidence of Debt aad as permitted by law. , . �D��'�`
<br /> . �:��
<br /> • �. ' 19.ENVQLONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As use� in this sectlan, (1) "Envirorunental Law" .. :�-:—�—.A'
<br /> ' � � means, vrithout limitation, the Comprehensive Environmental Response, Compensation and Liability Aa (CERCL.A,42 � .���,�,�;
<br /> , ', . U.S.C. 9601 et seq.).all other federal,state and local laws,regulations.ordinances,court orders,aitomeY general opinioas • _.�.�,
<br /> " • l� ; or interpretive letters coaceming the public health, safety, welfare. environment or a hazardous substance; and (2) . � ti.��;
<br /> ' "Hazardous Substance" means any touc. radioactive or hazazdous material, wastc. Pollutant or contaminant wluch 1� `'�.�,
<br /> . ` characteristics which render the substauce dangerous or potentially dangerous w the public healih, safety. welfare or :-�;;'
<br /> _-- � �"�� ennvironment. The term includes, arithout limitation, any suhstances defined as "hazardous material." "toxic substances," � •`���:�
<br /> . ° ' "hazardous waste" or"hazardous substance" under any Eavironmental Law. Trustor represents. warrauts and agrees that, �:`��8•
<br /> . � , except as previously disclosed and acknowledged in wridng: '�'
<br /> ���,-�_�
<br /> � A. No Harardous Substance has been,is,or will be located.transported,manufactured,ueated, refined, or handted by _�'�_
<br /> � ' any person on,under or about the Fropetty, except in the ordinary wurse of business and in strict comPliance with ;.; .�,��:
<br /> ; _ all applicable Environmentall.aw. � �=' '.
<br /> � B. Tnistor has no[and a+i11 not cause,contribute to.or pemiit the retease of any Hazardous Substance on the Property.
<br /> ' C. Tn�stor will immediatel aotify Beneficiary if(1)a release or threatened release of Hazardous Substance occ�us on, �=:�.�
<br /> under or about the Property or migrates or threatens to mlgrate from neazby property;or(2)there is a viofation of _ ::��:
<br /> ��,r
<br /> . any Environmentall.aw conceming che Property.ln sncb an event,Trustor will take a11 necessary reinedial action in ..
<br /> accordance wlth Environmental Law• • '
<br /> • D. Tros[or has no lmowledge of or reason to believe there is any pending or threatened investigation, claim, or ••
<br />_ • ' proceeding of any kind relating to(1)any Hazardous 5ubstance located on,under or about the Property:or(2)az►y . . : , _ ;
<br /> •�: � . . violation by Trustor or any tenant of any Environmental Law.Trustor will imtnediately notify Beneficiary in writing .
<br /> as sooa as Trustor has reason to believe there is any such pending or threatened investigation,claim,or proceeding. . _
<br /> In such an event,Beneficiary has the right,but not the obligation,to�arcicipate in any such proceeding includinS the .
<br /> � right to receive copies of any documeSts relating to such proceedings. •. . .
<br /> E. Trustor and every tenant have been,are and shall remain in fuU compliance with any applicable Environmentat Law• . •
<br /> �� F. There are no underground storage taaks,private dumps or open wells located on or under ttse Propertp and no such . ;,;,,
<br /> } � tank,dump or well will be added unless Beneficiary first consents in writinS•
<br /> G. Trustor will regularly inspect the Property, moNtor��b e Enviromneatal l,aw are obtained and complied��at
<br /> - - all permits,licenses or approvals rcquued by any app
<br /> " . ' H. Trnstor will permit, or cause aay tenant to permit. Beneficiary or Beneficiary's agent to enter and inspect the . ..
<br /> � • . Property and review all records at any reasonabte time to determine(1)the existence, location and nature of any
<br /> � Hazardous Substance on. nnder or about ihe Property: (2) the existence, location, nature. and ma�nitude of any
<br /> Hazardous Substan�U�at has been released on,under or about the Ptoperty:or(3)whether or not Trustor and any
<br /> • tenant are in compliance with applicable Environmental Law. .
<br /> ;� � 1. Upon Beneficiary's reyuest and at any timc. Trustor agrees, at Trustor's expense. to engage a qualified .
<br /> � environmental engineer to prepaze an environmental audit of the Property and to submit the results of such audit to
<br /> � Beneficiary. The choice of the environmental engineer who wiil perform such audit is subject to Benef3ciary's
<br /> • approval. '
<br /> J. Beneficiary has the right, but not the obligation, to perform any of Trustor's obligations under this section at .
<br /> Trustor's eapense. t �
<br /> � K. As a consequenee of any breach of any representation. warcanty or pmmise made in this seetion. (1)Trustor will
<br /> ��F ' indemnify and hold Beneficiary and Benesciary's successors or assi�ns hamiless from and against all losses,claims,
<br /> ' demands, liabilities, damages. cleanup, response and remediation costs, penalties and expenses, including without _ ,
<br /> limitation all costs of litigation and attomeys' fees, which Beneficiary and Beneficiary's scccessors or assigns may
<br /> • sustain; and (2) at Beneficiary's discretion. Beneficiary may release this Deed of Trust and in ren�m Trustor will �
<br /> provide Beneficiary with wllateral of at least cqual value to the Property secvred by this Deed of Trust without �
<br /> prejudice to any of Beneficiary's rights under this Deed of Trust. . .
<br /> - . . paoo 4 016 . -
<br /> � . , •• n t 993 Banters Svstems,mc.St Oavl.MN 1/600 397 T3at� Form aGrCO Dr NE tOr3Gi97 � .. � -
<br /> - � , �.
<br /> - . . . �y,� �w� � -.
<br /> -::. , .. ...:. '
<br /> .. _. _ . .. , . . .. . • .. . • .� .. . ' .. -- - - -' .-,. . �• . .°'Y: . ••.{'. :_.p'-"4':'c-::;su;-�-i.'?�-.'.3i:a�°.�i-3°'i'�—.- .. .--+_z-:r.. _. ,�,z-,...
<br />
|