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<br /> B. AU future advances from BcneAclnry to T►vstor or oUier future obligations of 1'rustor to Hcneficipry undc� eny
<br /> " ' � promissory note, contract,guaranty, or other evldenee of debt existing now or executed nfter this Deed of Trust
<br /> whether or not this Dc�d of Trust is specifically refened to in the evidena of debt. ,
<br /> , C. A!1 obligntiuns Trust�r owes to Beneficiary, whlch now exist or may I�ter nrlse, to the extent not prohibited by
<br /> . , I 13w, Including, but not limited to, liabillties for overdraRs relnting to tiny deposit account agrcement I�etween
<br /> Trusror and Iiencficlary.
<br /> D. All edditional surr�advanced and expzns�s iucurred by Beneficiary for insuring,prescrving or othsn�isc protectin�
<br /> . the Property and'eus value end any other sums advanced nnd eapenses incuned by Beneficiary under the termv of
<br /> - this Deed of Tcuse. plus interest at the highest ratc in effect, from tirne to tlme, as provided in thc Evidence of
<br /> ..."° , l7�ebt.
<br /> �' E. Truswr's perforniance urader die terms of any iastrumeat evidcncing a debt by Trustor to Bcneficiary and any Decd
<br /> of Tnist securing,guatanrying,or othenvise relating to the debt.
<br /> � If raore than one person eigns thia Dced of Tnut es Tcustor. each Tcustor agrces that this Deed ofr'Crust will secure all ��
<br /> . future advences aud future obligations drscribod above that are given to or incucred by any one or more Tntstor.or any �.v
<br />� • one or more Trustor and others. 'Il�is Deed of Trnst wiU not sa•ure any otber debt if Beaeficiary fails,with respact to such -
<br /> �± othes dsbt,to n}aice any required disc:losure about�his Aeed of 1'nist oc if Beneficiary fails ta gi�e any reqtiared notice of , �
<br /> the risht of rescission. �
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<br /> S. PAYMENTS.Trustor agrees to make all payments on the Secured Debt whea due and in accordaace with the tetms of the �
<br /> . . Svidence af DeSt or tlris Deed of 1 rusc. `''
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<br /> � � �.. 6. WARRAN'I'Y OF TITLE.Truswr covenants Wat Tmstor is lawfully seizal of ihe est�te coueeyed by thls D�d of Trust �'-"
<br /> � end hes the right to ir6evocably grant,convey and sell to Tn�stee, in aust,with power Qf sale, the�roperty and warranta ��-R
<br /> that We Property Is uneacumbered,eacept for eacumbrances of rcxord.
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<br /> 7. CLAI11i�AGAIIVST TITLE.Tcustor will pay all taxes,assessments,lieav,encumbrances.lrase paymeata,ground nents, :--
<br /> utilities, wd other chazges relating ro the Pcoperry whea due. 9eneficiary may require Tn�stor to provide to Beneficiary m_
<br /> �+ copies of all notices that such amounts are due and tfie receipts cvidencing Taa�stor's payment.Trustor�vall defend tltle ro �
<br /> '�v�`. / , the Fropezty ag�3nst any claims that would impair the liea of this Deed of 1Yu�t.7Yustor agrces to assign to Beaeficiary,as —
<br /> "'�� r uestecl h �enefici ts, clai�ms or defenses which Tn�stor ma have a aiast arties who su I labor�r
<br /> eq Y ary. any dgh Y S P PP Y
<br /> `�:,'�:; materi�ls so improve or maintain t�e Property. __
<br /> �.
<br /> , 8. PRIOR SECURITY IIVTE�SI'S. W1th regard to any other mortgage. deed of trust, security agreemiPnt or other lien �;_.;,
<br /> document that created a prior security inEerest or encumbrance on the Properij�and that may have priori¢y over thie Deed �:�.__
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<br /> of Trust.Trustor agrees: ��
<br /> . �� '' A. To malce al!payments when due and to perform or comply with�Il wvenants. �
<br /> "%��� B. To promptly deliver to Benaficlaty any nodces that'IY�istar ieceives from the holder.
<br /> • C. Nut to make or permit any modiftcation or extension of,twd uot to tequest or accept any future advences under any
<br /> ' • � note or agreement secured by.the other mortgage,deed of trust or sec�uity agreemeat unl.ess Beneficiary consents
<br /> • in writing.
<br /> 9. DiTE ON SALE OR ENCUN�RA►NCE.Beaeficiary may,at lu option, declare the entire balance of the Secuted I?ebt to —
<br />- ' be inunediately due and payable upon the creation of any lien,encumbrnnce,transfer,or sale,or wntract for any of thrse —
<br /> _;; oa tlie Property. However,if the Property includes Trustor's residenc�, this saction st�all be subject to the resMctioas
<br /> ,,,::., ,' imposed by federal law(12 C.F.R. 591),as applicable.For the purposes of this secdon,the term"Prupe3ty"also includes =
<br /> -_.,.. . : any interest to all or any part of the Property.This covenant shall run with t�e Praperty aad shall remain �n effect untU t�e --
<br />_ - � SPCUred Debt is gaid in full ead this Aced of Trust 3s released.
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<br /> . - `'� 10.TRANSFER OF AIeT IIVTEREST IN TI�GRAN'rOR. ff Tr�stor is an endly other thw a natural�ersoa(such as a
<br />=�_ ' cocporatiou or other orgaui7etion), Beneficiary m1y demAnd iaunediste payment if(1) a beneficial ipt�:r�at in Tmsror is _
<br /> �� . sold or transferred; (2)then is a change in eiiher the tdentity or number of inembers of a partnership; or(3) there is a —:
<br />�"�' change in ownership of mon than ZS percent of the voting stock of a waporai3on.'However.Heneficiary mny not demand `-`-°°
<br />;"'�`�'"'�;,,;;:_ paynxnt in the above situations if it is pmhibited by law as of the date of Wis 17eed of Trust. -
<br /> `�}t^.u��.. __
<br />-�`�s�w p: � 11.ENTIT'Y WARRANT�S AND REPRESEN3'ATIONS. If Trustor is an endry other than a natural person(such as a
<br />=; ,X'+' .,. . c:orporation or other organization), Trustor makes to BeneficIary the followin�r warraaties and represenk�tions wluch shall �.;,,._
<br />_, . be continuing as long as the Secured Debt remains outstanding: ���._
<br /> � . '�z� A. Trusror is an entity wtilch is duly organized and validly eusting in ttre Tn�stor's state of incorporatIon (or F e„
<br /> ,`;, azgunization). Tnistor is in good standing in all states in which Trustor transacts bvsiness. Trustor has the pawer
<br /> �!:;:,� �nd authorlty to own the Properry and to carry on its business es now being conducted and, as applicabie, is --"_
<br /> ; qualified to do so im each state in whfch Trustor operates.
<br /> # B. The execution, delcvery and performancc of Wio Deed of Tcust by�'�ustor and the obligatlon evidenced by the -
<br /> F.videnee of Debt are within the po�ver of Tcustor, have been du3y authorized, have received a11 necessary
<br />. � governmental approval, and will not violate any provision of law,or orsler of caurt or govemmental a�ency. '
<br /> � C. �ther than disclosed in writing Trusror has not changed its name within the last ten years and has not used any � �
<br /> � ather trade or fictitious nune. Without Beneficiary's prior written conseut, Trustor does noi and will not use any
<br /> . � other name and will preserve its existing name.ttade names and franchises until the Securod Debt is satisfied.
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<br /> . and mnke all repairs that are reasonnbly necessary. Tnistor wip give Beneficiary prompt notice of:�ny loss or damage to
<br /> the Propeny.Tmstor will keep thc Property froe of noxlous wecds and gra..cses.Trustor will not initiate,join in or consent
<br /> to any change in any private resuictive covennat, zoning ordinance or other public or private restrEcdon (imitin� or
<br /> - ., � defining the uses which may be made of the Property or any part of the Froperty, without Benefici;iry's prior written f
<br /> = consent. Trustor will notiify Benet`iciary of all demands. praceediags, claicr�,and actious ngainst Tn�stor or any other
<br /> -- owner mude under law or rcgulation mgard'u,g use,ownership nnd occupancy of the Property.Trusior;yvjl��ptngly,with all
<br /> " icgal rcquirements and restrictions, whether public or private,with respect to the use of t�.e Propertyj'Ctus��llR�o agrc�es
<br /> - that t�e nature of the occupancy and use will not change with�ut Beneficiary's prioe written consent. �
<br /> . No portiun of the Property will be removed,demolished or materially altercd without Beneficiary's prior written wnsent
<br /> except that Tsustor has the right to mmove items of pecsonal property comprising a�art of the Property that become wom
<br /> - • peyo 2 0l 6
<br /> �� _ , � r m�990 Dnnkcrs SvEtlml,Inc,St CIOUA.MN 11�800-39743611 fam AO%CO Oi NE 9�13�90
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