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<br /> B,All future +�dvu�ces from Beneflclary to Tn�atnr or other imurc obligatione of �stor to Beneficlary under any °_
<br /> promleiory note.cantrpct,guar�nty,or other evidence of d�fit exuuted by Truswr in favor of Beneftciary executed ��'�-
<br /> ptter thi� �ocurlry Innrumrnt whether or not thle Securlty Instrument is specfiically nferencod. If more thw one r,:�:'r'
<br /> penon dQru thie Secudty Inatnunent. each Truator �gce�U�st lhia Secutlry Instruajent will sxurr dl ti�ture ':__"
<br /> advanccs ai�d future abligatlons that sve given to or incurnd by any one or more Tcustor,or any one or more Trustor
<br /> and othero. All Poture sdvu►ces snd other future ob8gatlons ue secured by thie Sxurlty Instrumeat even though all
<br /> or part►n�y not yat F�e advanced. All tliture advanct�end othor future abltgotions are secured as if mnde on the dato
<br /> uf this Secueity i,�sitwn::nt. Nothing iu this�:curity In:ttut�trnt�hnll Eonst3tute n commitrYeont to make edditional or
<br /> '^'" thture lotns or advu�crs la aay amount.My such commitm�nt�nust be�greed to in a sepuate writin . _4;,�
<br /> �y� C.but no�tgltimit� to�11abUities fornoverditts n�tingytot�any�deposltGa co�unt agra�titbetwy�nW'�Yuswr�smgd ��
<br />--.+;�••+�'�`� Beaeficl�ry. � __
<br /> =� D.All�ddldon�l euma advancod nad expen�incurred by Heeaeficisry for insuring, presttving or otherwise protact�ng `-'_
<br /> � the Property md ita value nnd aay o cth r sum�advanced and eapenses incurred by Beneficiary uader thc umas of thia =__
<br /> Securlty Iastrucnent. �
<br /> � Thia Security Instnunent will aot sa,vn eny other debt if BeneficiarJr fails ro glve any required notice of the right of _
<br /> �b rescisston.
<br /> S. PAYII�NI'�S.'Tnutor tgroes that�11 paymente urxler the Secured lkbt will be paid whm duo and in accordxace wIW the
<br /> • , torms of the Socured Debt�nd thie Socvdty Inatnunent•
<br />': 6. W��A��t nd�haE�the�ght toW rnvo�cabl� T�awwavor wi,od s�ell1the�Prn1 Perty to Tius�teeest�at�conv�pobwer�of —
<br /> Y B� �Y• -
<br />�� sale.Tivstor also w�rrants that the Pra�rty le unenoumbered.ex�ept for rncumbranas of recocd. _
<br /> �- 7. PItIOR SECURITY IlV'E'ERESTS.With regud to aay other naoePro��d�T�rustora ��Ty a�reernent or other lien �
<br /> documeat that cre.�ted a priar secudty i�t.erest or encumbrance on th perty� Brees' ;'
<br /> A.To malce All piymeuts wben dua and to perform or comply wit5 all covenante.
<br /> B.To proa�ptly deliver to�3raetIciaty an�noticxs thu'IYustor rac3va from the lwlder. _-
<br /> ' � C.Not to a]low any nnociification or e,RZenelon of, aor tn roquat any future advances twder any note or agrerment •�-
<br />; ;,;;;�, , secund by tLe lien documnt wittwut Beneficiary's prtor wntua consent. _
<br />~ ����� 8. CLAIIHS AGAIIVSI'TITLE.Ttue+tos will pAy all taacea�assessmeau lims,eactunbrunces.lease paymente�Bmuad rrnte� -
<br />- • ' utilities.end other chargea relaHng to it�e Prope�yr when due.B�uf�cluy u�ay re�uire Tsuswr to provide to BeaeHciary
<br /> • copies of all notices thu sueh wnounta ase due Aad the receipts�vldenclag 'IYuator e pay�oe�at.Trustor will defend title to
<br />-'� ��r� ' the Property agaiasc any claima tbnt would impair the lien of�is 5ecurlty Insuument. Truetor agrees to asaiga to
<br />=``' ��° wnefic(i,v.as reauested bv�eneficiary.anY�B1ite,cl�iros or de�'eases'[tustor may have ag�inst parties who aupply labor
<br />_ ;,'__-- or materials to nzafntain or improve tha Property. ��
<br />•:.� .,;•,; _ .
<br /> ' °�`�� 9. DUE ON SALE OR ENCUMBRANCE.Beneficiuy rmy,at its option,declue the artic�e b�lanoe of tha Savred Debt w
<br /> �,':�:,:, �,
<br />-�': ;?.�•:, � be imnoediately due and p�yable upon ttin creation of.or contrnct tor tl►e cre�tion of. wy liea, cncumbranue,tranefer or
<br />�,��;�•`��r��. sale of the Property. 71da d t is subjcct to the restrlcUons impoxd by feder�l law(12 C.F.R. 591), ea applicable. 13G
<br /> t��: �� : covenant shill runwith the�coperty uxl sh�ll reavin ia e�'oct wdl the Secured Debt Is psid in fUll eod this Security
<br /> �,�..:,,,.Q.' In�atiument ie relwed.
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<br />��'���. 10. PROPSRTY CONDITION� ALTERATIONS AND INSP�'i(.TIOPI. T�u.stor wiIl keep We Property ia ood oondidon
<br />�_-�-'.r� and m�ke all �ira thu are nasonabiy naxsauy. Tcustor slull not commit or dlow �ny w�ate. �uimxnt. or
<br /> ;:,,,,r_:,-���---� deterlorntion of� y Tnu�wx will kap the Property free of mxious weedi and gcwee. Ttuator a�t�eee tLat thc
<br /> x„_,�.;,�;�;�,v� nuure of the occupuic�and uae will aot tuMtuui�lly ch�nge wftlwut Ba�efictusr'�prior writtea consent.TcuaWr will uot
<br />;„���;;; pannit�uy chu�ge ia any licenso,reetrldive covenoat or easemeat without BGneficitry►'s prior wrlttar ootueat.Truatar will
<br /> -_---^�-� notify Beneficiary of ell demends, nrocealinge. clda�e, �nd�ctlone a8dnsc'I'ruator. end of�y loaa or d�uuge to the
<br /> --=-��� �P�Y•
<br /> "--°""°���'•. Beaeficiary or Beneficiary'eagents may.ac Beaeficiaey's option,_eoter the Property u�ay re�son�ble timc for the purpo�e
<br /> -=���- of inspaxmg ehe Pc+operty. Beneficiery stu�ll give Tcuswr aotsa u the time of or before an inapeetion �pecrf�inj t
<br />�9�"?�;• . reasonable purpoae for the �'nsp�ction. Any inapxtioa of We I'coperiy sh�ll be entirely for BeneTicluy'e 6eoefit u�d
<br /> _'�-'y�u;•.`•. , Tiustor will in na way rely on Heneflciuy's inspection.
<br />�--.;_ufrrs"•:K.
<br /> � �` il. AUTHORII'Y TO PF.RP�OR14�•�If Tmstor faila to perfomn�ny duty or any of the covea�ats contained in thia Socur[ry
<br />������ Insuument� Bea�ficiary may. without notla, perforai or c�use t6em to be *.focwed. Tivstor a�points Beaefict�ry�c
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<br /> -- _-=-� attomey in fict to sign Ttustor'a�name or pay eny aanuat necessuy for pe orrmoc�e.Beneficiary a dght w orm for
<br /> Truator ahall aot create an oblIgntlou so pert'orm, Aod Beaeficiary'�failuce to pecform will not pnclude ciary frnm
<br /> ��:w ~�;.'i exercising any of Beneficiary's othar rfg6te unda We law or this Sxurlry Insmimcnt. If any conatn�ction on the Property
<br />:..:,����•� is disconanuod or not carrled on in a reuonable manner,Beneficluy inty take all stepa nocesaary to protect Beaeflciary e
<br /> ��_"-' socurity interest in the Property.imaluding completion of the conswctzon.
<br /> _-_ _��
<br />�:�'�y`�u ` 12. ASSIGNIV�ENT OF LEASFS AND ItENTS. Trustor imevocably gr�nte. conveya and seUs to Trustee, ia tcust for the
<br />�=•� �;�.:� benefit of Beneficiery,as�ddltional security ell the r��t,title and lntettst ln and to any and all existing or future leasea,
<br />="'• � ' subleases. sud any other�3ttea or verbal Agroementa or the use and oocup�acy of aay rtlon of the Property,including
<br />_�' �'
<br /> any eateusions. reacwals,modificadons or substitudons of such agceeaxnts(all rcf to os "Leaacs")and reats,issua
<br />-"''� and profits (all nfernd co .ns "Rents"). Truator will prompUy provide Beeefiolery with true and cornct copies of all __
<br /> � ' � � exisung aad futun Leases.Tiustor may collect, receive,enjoy and use tho Rent�so long as Truator is not in dofault under -
<br /> . �'� the te��of this Security Inativn�nt. �"�-
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<br /> 7^ Tmstor acknowledges thut this asalgnment is perfocted upon the rccording of tbia Dad of Tivst end that Beneficiary ia ���:_
<br /> " entided to notify any of Tcustor's tenaats to make pnyment of Rents due or to become due ro Beneficiary. However �_�;=
<br />- Beaeficiary agroes thet only on default will BeneBciary notify 'Tiustor and Trustor's tenante and make decnand that�l�
<br /> ' ftiture Rents be paid direct�ly to Beneficiary.On rtceiving notice af defiultt Trustor will endorse and deliver to Beneficivy
<br />_� �.� :-'. any paymcnt of ltents in Tivscor's possession and will receive any Itenta in tcust for Beaeficiary and wil1 not commingle
<br /> _ .
<br /> � is the Rents with an �other funds. An amouuts coU�,ted wlll be a liai xs rovtded in this Securi Ia�stiument.Truator �:T:;
<br /> ... .
<br /> Y • ty
<br />—�-. _-. ._ ..�"' "_�'�.a.'• ___..._.�fi..a.f���i1...�.iA...e..�6w 'M•atn�a1w 000�vwa tm m�infa{n!BA _ .
<br /> �,°__�� Waii:iI1R ttlSt no aeiawc en���e u�wca mv a.cdoc.,w au�ayy...,w,�............................. ......... � _ .� . .
<br /> ' '� requiro any tenant to comSP.ly with the terms of the I.eases and aRplicable law. •° '
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<br /> � 13. LEASEHOLDS; CONIIIDMINIUMS; PLANNED UMT' DEVELOPMENTS. Tcustor agrees, to comply, with th�
<br /> - pmvisions of any lease if this Security Instrument is on a leasehold,If the Property includes a unit m a condommium or a•
<br /> = plannecl unit development,Trustor w�ll perfarm all of Trustot's duries under the covenants,by-laws,or regulations of the
<br />_, condoaninium or pla�cd unit developr�nt.
<br /> i � lPSge 2 ot�1
<br /> � m1894 BMkero Syttlml.�C•.St-Cbud,MN 11-800-397•23411 Fttm HEDT-NE 1$/23/90 .
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