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t.�� ' ' . .. . � . . � r � _ . i ' � . . <br /> � . . .- - . .... . . .. . � ` - • - t. ' _ _' '—' '_� _. <br /> ' � . . . . . . �_ '— _-_'_--_ <br /> �,,�_� '`� _'_ -(�'—_ _`�_ <br /> .Q � ` — <br />� �� g�- 1���9 �{ �, . `- <br /> . 1 C_—"_ <br /> � t. - . . ' ��� <br /> � i <br /> � ' or obsolae,providrd that such personal property is replaced with other personal propecty at least equsl in valut co thc '. � � � - __ <br /> � re�l2ced pessonal property. fret fram any tide retention dtrice, secunry agreemznt or otba encvrnbrancc_ Suc� _ <br /> replacemeut of personal propetty will be deemed subject to the securiry iaterest created by this Deed of Trust.Trus[or shall � • �:� <br /> � nat partition or suddivide tAc Property without Beasficiary's prior writteu cflusent. Benefieiary or Beneficiary's ageats . � <br /> ' • may, at Bencficiary s option, enter th� Property az any ieasonable time for[tie purpose of ine�peccing t6e Prop�rcy. Any ' ti__ <br /> j inspection of the Property shall bt entirety for Benefiaary's beuefit and?n�scor wiU in no way rely an Benzficiary's �. . � � <br /> + inspection. i � ' , <br /> � . <br /> � ,' ]3.Ati'TSORI'i'Y'i'O PEi�FORM.Jf Truswr faiis to perform any of'fr�stor's duties uuder this Deed of Trusc,or any otfier i_.. �-`. _ <br /> � moctgage,dced of tr�st.security agreem�t or other lien dowmrnt that has priority ovar this Dad of Tnut. Ben°.ficisry { • <br /> ; may.withaut notice.perform the dutfes or cause them[o be pecfomned.Ttustor appo�nts�enehciary as attomey in fact to � _ • <br /> sign Tn�scor's name or pay any amoun3 necessary for performance.If any eonstn�ctios on tht Property is dissontinued or . . , <br /> not earrIed on in a reasonable manner. BeaeRciary may do whacevcr is necessary[o protect BeneIIciary's seturity incuest s . � , <br /> '� in tTse Properry_This may include oamploting�he constntction. , : .` - <br /> � <br /> � � ��� <br /> Beaeftciary's right to perform for Tn�stor shall ttot ereate an obligation[o perform, ana Ben�ciar}r's failure to perform , . -� <br /> will aoc preclude Beneficiary ftom exerctsing any of Beneficiary's othtr rir�hts under the law or this Decd of Trust.Any ; . � . — <br /> amounts paid by Bmeficiary for insuaing, gresecvIug or o[herwise protecting the Property and Hancficiary's security . — <br /> - incecest will be due oa dentand and will bear iatezest from the dau of the payment unul paid�n full at the interwt rate in : ,:•�'�- <br /> ' effect from dme to time according co[he terms of the Evideacc of Debc. • _ _ _- <br /> � 14.ASSYGNIV�EN'P A&'LEASES AND RENTS.Tnutor irrevoeably grants. con�eys and sells as additiuna! sewdty all the , . ' , ,_ -- <br /> '-,,: • <br /> right a4e aad intecesc ia and to aay and all: . . .. -_� <br /> A. Exis[ing or futuie leases.subleases,licenses,g�aranacs and any other wriu�or verbal agreements for�he use nad . ` .. _ <br /> oecupancy of any portion of the Praperty. inelwlins any�ons. reaewals. mndiIIcaiians or substi[udons of . .•; _::;��` <br /> such agreements(all czfemd to as°Leases')• minintum reat, , '�`. � <br /> B. Rtncs. issues ead profits(all referred co as"Rcnu").tnctudiag but nat limiied to security deposits, �. ,.i ""� <br /> ': , pe�entage rcnt, additionat rent, commoa area maintenanrx charges. parYing charges• real es� �"�• ottter � � �,�-_ <br /> applicable taxes,basuraace praniun►eonulbutions, liquidated damages foUowing detault,caacellauon premiams, �•" . <br /> � "los9 of rents' insu=-aace,revenues,royalti�s.proceeds,boauses,and a11 rights and elaizns which 1Yustor may have „ ; +� '� <br /> Qia�ir,any way periains eo or is oa aceount of the use or occupancy of the whole or aay part af thu Praperty. , '. �,� _ <br /> .� <br /> �.� Tnuwr wii! pmmptly provide Hen�aary with uue and correct copies nf atl exiscing and fucure I.eases. Tnutor usay • .; � � , ` <br /> collea,reaive,enjoy and use the Renu so long as Tnutor is not in default.Tn�scar will no�rolleec ia advanee aay Reats � �; <br /> � due in fucure lease pedods.unlrss Tr�swr ft�st o6tains gen�Fuia�y''s`urzaen c°ns`�c. Upon default,Tn�seor wiIl reeeive . ��'�� '.:�:!�f." '= <br /> any Rencs in ause for BeneSciary and Truscor wiII nflc wmmingle zhe Reau aicb any othtlr funds. Any amounts coAeeced .' ,��. ; <br /> shaU bc a lied at Benefuiary's discrecion to paym:,.nu on the Secured D�fit as therei�►provided,to rasts of mausglug the _ ._ , �.,f,,�� � _ <br /> Property.p�ipneluding. but not limited to. all iaxes, assessa�euu. insur'ance P r e m i u m s. r e P a u s• a n d c o m m i s s i o n s t o r e a t a l . <br /> agents,and to sny oilier aecessary related expfsnses taeludia�Beaeticiary's ateorneys'fees.paralega!fers aud coua cos�s_ . �'. :: : � <br /> - 7Yustor acicnowledges that this assignment is perfecaed upon cha recording of this Daed of 1i-ust and tltat Beneficiary is ,:��h�__._,� ' �^. "' - <br /> ,�{, entitltd [o notiPy any of Truswi s�enants co make payment of rants due or to become due �o Beneficiary. However, , �� ,�,� <br /> Beue�iciary agrees thac only on defaWt wlll Beneficiary nonfy 7'nutor and 7mstor's tCnams and make demand that aU � <br /> • •it , �,. <br /> future Rmu be paid directty ca BeneRciary. On rec�ivm� [he nodce of default. 7nistor will entlorse and delivcr to :::^. � <br /> Beneficiary any paymenu of Remt in Tnutor's possesaion. � - �• �.•'y�. <br /> 1 .Y'h�..��n!n�'� -. <br /> Trustos covenants chat ro defaulc exists under the Lrases or aay applicablr laadlord law.Tnutor also wvenants and agrees • :��=s- <br /> . to rr�intain, and to r�vir�e the tenants co comply with,the Leases and any app1iwb1e law. 7'nutor will promptly notify _- __ <br /> Benettciary of any nonwmplisnce.If'fYu�stor ncgtects ar refuses[o enfoice compliance with�he terms of�e Leascs.tl�ea '• ��=•+��. <br /> �-�.: • <br /> . BeneRcia�y may. at Beneficiary's option, enforces compliance. T:ustor will obtam Hta��ficiary's wdtcen authorization . <br /> before Trustor consents w sublet, uuodify,caacel.or otherwise alter the L.�aus, to accepr the surrendcr of che Propeay - -. -; .�.��,,,@'..�- <br /> covend b such Leases (unless the Leases so require), or w assign. compromise or encumber tt►o Leases oi any iLmre �**�;�.,•�.. — <br /> ReAts. Trus[or will hold Btaeficiary hacmless an3 indemnify Bsaeftciary for any and all liability, loss or damage that ..;�.�'.�" �_-��`�'° <br /> Benefteiary may incus zs a wnsequenu of the assi�nment under this section. ,� ` �'�"�"'—"— <br /> '•�'�irr�.v�': <br /> 13.CONDOMINNMS; PLANNED iJMT DEVELOPMENi'S. If the Property includes a unit in a oondominium or a • • ..,.',`,.:.. <br /> plannad un�e development.Tnutor wiA pe:rform all of Trustor's duties under the covenants,by1ews,or regulations of�he . . , <br /> candominium or planned unit development. ' . .. : : �` <br /> � 16.DEFAULT.Tcuscor will be ia defaulc if any of the failowing occur: � <br /> A. Any pany obtigated ou[he Secuted Debt fai;s co make payrnera when due; ,�. �� <br /> ' H. A breach of any term or covenent in this Deed oY Tn�st,any pr}or mongagu or any coastruction loan a�reement, . . • —� <br /> , security agre�rnene or any otH�r documeni evidencing, gw�nntytng,seeuring or o�henvlse relating to�he Secured � •'�'��- <br /> � ` Drbc; � —- <br /> �• C. 71ie nwiing or furnishing of any vecbal or written representation,staiement or warranty co Benefsciary that is false � �___ <br /> or 9neosrect in�:.y mattrial respect by Trustor or any person or entity obligaud on the Secured Debt; : <br /> D. 7he death, dissolution. appe3ntmeac of a receira for, or applicaiion of any debtor rclief law co.7'rustor ur any . . � <br /> person or entity obligated cr.c:5e Secured Debt; ' � _ <br /> : E. A �ood faith belief by 8eneficiary at any time that Bc�eficiary is insCC:nre witb respr�:t to any person or entlry . . <br /> ohl�gated on the Secured Debt or chac the prospect of any paymem u impaired or che}'roperty is impa�red; <br /> F. A matedal adverse change ln Tnistor's besiaess including ownCrship,management.and tinantiai conditions,whieh : —�. <br /> Beneticiary in its opinion believes impairs che value of the Property or repayment of[he Secvned Dcbt;or . —. <br /> � G. Any loan proeeeds are used for a purpose[hat wi11 conuibute eo excessive erosion of highly crodible laztd ur to the � . � <br /> � wn�ersioa ei wetlands to produce an agricultural ca,nmodity,as furfher caplained in 7 C.F.R. Part 19A0,Subpatt � • <br /> O.E�thibit M. �._, <br /> 17.REMSDILrS OAI DEFAULT. Tn some instances, federal and state law will require Beneficiary tu provide Tnutoz wiih � ' , � <br /> . nouce of the righc to cure,mediatlon noticrs or other norices and may establish time sthedules for foreclowre attlons. �' •. B <br /> Subjeec to these fianItatiuns, if any. Bcneficiary may accelerate the Secured Debt and foreclose this Dex.�l uf Trust in a r . � <br /> � manner providcd by law it this Tnutor is in default. <br /> i � , . �: <br /> .j , ��� <br /> 1 <br /> -� . .- - -� - � - - <br /> j oeDe 3 0�6 r'Y' <br /> ' p t993 UOnten S�stoms �oc.5�.CIwO MN�t 800 337.23311 Form nGrCO OT++E 9n 3HE __. , � �� <br /> _. � . . . t. . �- . <br /> , <br /> " :.....�-..« ' .. .�. ._.. ',_-,_ '" — __. , — — .__. — -- _— _ __ '_ _ ... <br /> .<<,. +--..-.T—.T-:.--..-��r—`_"-..""'""' ._. . ` , _ _ _ <br /> . _r _•:_.--...: <br /> . ., . . .. .. . <br /> Y�'�� <br /> � .� . .1: �� ' : . l 1 �' . : }�`. - `. 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