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<br /> �{ At the option of Lender, all or any part of the agreed fees and charges, accrued interest and prindpal
<br /> shall become �mmediately due and payable,after giving notite if recquired by law, upon the occurrence --
<br /> of a default or anytime thereafter.In add�tion. Lender shal! be entitled to all the remed�es provided by • . .
<br /> law, thz terms of the Secured Debt, this Security Instrument and any related documents, includmg ,
<br /> � wlthaut limitation,the power to sell the Froperty. #
<br /> � If there is a default, Trustee shall, in addition to any other permitted remedy, at the request of the '- _
<br /> Lender,advertise and sell the Property as a whole or in separate parcels at public auction to the highest �
<br /> bidder for cash and canvey absolute title free and clear of all right, title and interest of Grantor at such .
<br /> time and place as Trustee designates.Trustee shall give notice of sale including the time, terms and . � _�
<br /> place of sale and a description of che property to be sotd as required by the applicable law in efFect at .
<br /> the time af the proposed sale. i � -
<br /> Upon sale of the property and to the extent not prohibited by law, Trustee shall make and deliver a ? . . �
<br /> deed to the Property sold wh�ch conveys absolute title to the purcinaser,and after first paying all fees, . � . -
<br /> , charges and cosu, shall pay to Lender all moneys advanced for repairs, taxes, insurance, liens, . � •�
<br /> � assessmenu and prior encum6rances and int�rest thereon, and the p�ncipal and interest on the • _ �,,,�;�
<br /> Secured Debt, paying the sur�lus,if any,to Grantor. Lender may purchase the Property.The recitals in . _--
<br /> � any deed of conveyance shall be prima facie evidence of che facts set forth therein. ,� .�_;��
<br /> All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to atl remedies , ��~��
<br /> • prov6ded at law or equity,whether or not expressly set forth.The acceptance by Lender af any sum in `';��_'���
<br /> payr��nt or partfal payment on the Setured Debt after the balance is due or is accelerated oc after '�� -
<br /> foreclosure proceedings are filed shall not constitute a waiver of Lender's right to require corriplete , � �
<br /> cure of any existing default.By not exerdsing any remedy on Grantor's default,Lender does not waive � �•'��_
<br /> l..enders right to later consider the event a defaulY if ic continues or happens again. • r '�
<br /> , 16. EXPENSES; ADalANCES ON COVENANT5• A7TORNEYS' FEES; COLLECTION C05T5. Except when • . ��r��
<br />, prohibited by law, Grantor agrees to pay a�l of Lender's expenses if Grantor breaches any covenant in . .: `���
<br /> ' this Seturity Instrument. Grantor will also pay on demand any amount incurred by lender for insuring, • ;� , _ .- •� '
<br /> inspecting, preserving or otherwise protecting the Property and Lender's security interest. These ••
<br /> ex�penses wil! bear in2erest from the date of the payment until pafd in fuli at the highest interest rate in '.�-
<br /> effect as rovided in the terms of the Secured De�st. Grantor agrees to pay all costs and expenses � � � '' t. ,. -
<br /> incurred �y Lender in collecting, enforcing or pratecting Lenders rights and remedies under this I.� . � - =
<br /> { Security Ustrument.This amount may indude, but is not limited to, attorneys' fees, court costs,and , r , , T
<br /> othec legal expenses.This Sewrity Instrument shall remain in effect until released. Grantor agrees to :. ';
<br /> ! pay for any recordation costs o f suc h re lease. � �j. �-,_t _�•
<br /> 17. ENVIRONMENTAL LAWS AND HAZA�t00U5 StS�STANCES.As used in this seaion (1) Environmental ����'� �J -
<br /> Law means, without lirroitation, the Comprehensive Environmental Resp�nse, �ompensat ion an d .<<;;�:
<br /> Liability Act (CERCLA. 42 U.S.C. 9601 et seq.), and ali other federal, state and locai laws� regulations, ' �'``°- •
<br /> ordinances court orders,attorney general opinions or interp retive letters concerning the p�blic health, ...���r: ��_ ; :
<br /> safety,wel�are�environment or a hazardous substance;and(2)Hazardous Substance means any toxiG ,:••., ,�c:.,.:.:,.
<br /> radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which � �__
<br /> p;�.:�;
<br /> render the substance dangerous or potentiaily dangerous to the public health, safety. welfare or ,_.s- . �.f
<br /> envlronment. The term includes, without Nmitation, any substances deflned as °hazardous material," •�.4� �,:
<br /> o �„ � n � ..:.e.• . �,x:�.�•:,
<br /> toxic substances, hazardous waste or hazardous substance under 3ny Environmental L�w. _
<br /> Grantor represents.warrants and agrees that: �••1. �'�
<br /> . q. Except as�reviously disclosed and acknowledged in writing to Lender,no Hazardous Substance is -��f�;;,',�•�°"'�'�";_�-
<br /> or will be ocated,stored or released on or in the Property.This restrlaion does not apply to small ���-'• ��
<br /> quantities of Hazardous Substances that are generalty recognized to be appropriate for the :"'F:`����
<br /> normal use and maintenance of the Property. � —
<br /> B. Except as previously disclased and acknawledged in writing to Lender, Grantor and every tenant ��=�' �y_`T
<br /> have been,are,and shall remain in full compliance with any applicable Environmental Law. ° ''�'"���;
<br /> �, Grantor shall immediately notify Lender lf a release or threatened release of a Hazardous . : ��_-�' _
<br /> Substance occurs on,under or about the Property or there is a violation of any Environmental Law .
<br /> � concerning the Property. In suc h an event, Gran tor shall take all necessa ry remedial action in ��.,,;..
<br /> accordance with any Environmental Law. " : . —
<br /> D. Grantor shall immediately notify Lender in writing as soon as Grantor has reason to believe there �, � .: ��
<br /> is any pending or threatened investigatian, claim, or proceeding relating to the release or .
<br /> threatened release of any Hazardous Substance or the violation of any Environmental Law. . � � �
<br /> i$. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action, by . ..
<br /> private or public entities to purchase or take any or all of the Property through condemnation,eminent .
<br /> domain, or any other means. Grantor authorizes Lender to intervene in Grantor's name in any of the . � _
<br /> f . ",
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<br /> m 1994 8anken Systems.mc.,St Claud,MN tl 800 397�2341)Fortn GiH MTGLAB7E 10/11/94 GT 1 S 28 090 (9/9+q (pag�I o/6) , � ' _ . _'
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