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information from Mortgagee concerning the Mortgaged Property, the Note, or any other agreement securing the Indebtedness,
<br />Mortgagor shall pay to Mortgagee on demand a reasonable fee for considering the request along with any expenses such as appraisal
<br />fees, attorneys' fees, or credit report charges, whether or not the request is granted by Mortgagee. Such amounts shall become
<br />additional Indebtedness of Mortgagor secured by this Mortgage and shall bear interest from the date incurred or disbursed at the
<br />rate applicable to the principal provided in the Note.
<br />21. Event of Default Defined. Each of the following occurrences shall constitute an Event of Default hereunder
<br />(hereinafter called "Event of Default"):
<br />a. Mortgagor shall fail to duly and punctually pay any installment of interest or of principal and interest payable
<br />under the Note, or any other payment of money to be made under the Note, or any other default or event of default occurs under
<br />the terms of the Note.
<br />b. Mortgagor shall default in the performance of or breach of the agreement contained in paragraph 16 hereof.
<br />c. Mortgagor shall fail to duly perform or observe any of the covenants or agreements contained in this Mortgage
<br />other than covenants, agreements or events of default as defmed in this paragraph 21 herein, after 30 days written notice to
<br />Mortgagor.
<br />d. Mortgagor shall make an assignment for the benefit of creditors, or shall admit in writing inability to pay debts
<br />as they become due, or shall generally not be paying its debts as they come due, or shall file a petition in bankruptcy, or shall
<br />become or be adjudicated a bankrupt or insolvent, however defined, or shall file a petition seeking any reorganization, dissolution,
<br />liquidation, arrangement, composition, readjustment or similar relief under any present or future bankruptcy or insolvency statute,
<br />law or regulation or shall file an answer admitting to or not contesting the material allegations of a petition filed against Mortgagor
<br />in such proceedings, or shall not, within 30 days after the filing of such petition, have same dismissed or vacated, or shall seek or
<br />consent to or acquiesce in the appointment of any trustee, receiver or liquidator of a material part of Mortgagor's properties or of
<br />the Mortgaged Property or shall not, within 30 days after the appointment (without Mortgagor's consent or acquiescence) of a
<br />trustee, receiver or liquidator of any material part of Mortgagor' s properties or of the Mortgaged Property, have such appointment
<br />vacated.
<br />e. A judgment, writ or warrant of attachment or execution, or similar process shall be entered and become a lien
<br />on, or issued or levied against, the Mortgaged Property or any part thereof and shall not be released, vacated or fully bonded within
<br />20 days after its entry, issue or levy.
<br />f. A default or event of default, however defmed, shall occur under any other mortgage, assignment or other
<br />security document constituting a lien on the Mortgaged Property or any part thereof, after 30 days written notice to Mortgagor.
<br />g. A default or an event of default shall occur under the Loan Documents (as that term is defmed in the Note),
<br />which Loan Documents are incorporated herein by reference as if set forth herein in full.
<br />h. The Mortgaged Property, or any part thereof, or Mortgagor' s legal and equitable interest therein, shall, without
<br />the prior written consent of Mortgagee, be sold, assigned, conveyed, transferred or encumbered, whether voluntarily, involuntarily,
<br />due to death or otherwise, or by operation of law, or, if Mortgagor is a corporation or partnership, any interest in Mortgagor shall
<br />be sold, conveyed, transferred or encumbered, whether voluntarily, involuntarily, due to death or otherwise, or by operation of law;
<br />this provision shall apply to each and every sale, assignment, transfer, conveyance or encumbrance regardless of whether or not
<br />Mortgagee has in connection with any previous sale, transfer, conveyance or encumbrance, consented or waived its rights, whether
<br />by action or nonaction.
<br />Death of an individual Guarantor of the Note.
<br />Any entity Guarantor of the Note is dissolved or fails to be in good standing under the laws of the State of
<br />Minnesota.
<br />Immediately upon becoming aware of the existence of any condition or event which constitutes, or which after notice or lapse of
<br />time, or both would constitute, an Event of Default, Mortgagor shall give written notice to Mortgagee specifying the nature and
<br />period of existence thereof and what action Mortgagor has taken, is taking or proposes to take with respect thereto.
<br />22. Remedies. Upon the occurrence of any Event of Default or at any time thereafter until such Event of Default is
<br />cured to the written satisfaction of Mortgagee, Mortgagee may, at its option, exercise one or more of the following rights and
<br />remedies (and any other rights and remedies available to it):
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