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<br />- ; 97.- 106"7A2 =��'
<br /> H. AU futurc adv,�nres frum Lcndrr tu(irantur ur u�hcr futur�uhligatiunti vf(ir:►n�ur tu I.cndcr undcr nny prumiss�iry �
<br /> nutc.cuntracl. �,u.or;mty,ur uthrr cvidcncc uf dcht cxccutcd hy Grmtur in favur��f I.�:n�trr cxccutcd a[tcr this L'
<br /> �ccurity Ins�ru�ncnt whcthcr or nut this Srcuriry Instrumcnt is sprcificall}� rc(cr�ncc�l. U morc th�in unc �xrti�,n �
<br /> . � �;ignti this S�curity In+lrumcnt.c.�ch c 7rantur agrcrs that this 5ccurity Imtrumcm will,ccurc uU tuwrc�idvunccs und �
<br /> , futurc uhligatiuns tl�at ��rc givcn to ur inrurrod by any onc ur murc Grantc�r,or any onc ur murc Grantur und _
<br /> . ; u�hcn.All future adv:�nccs,ind othcr(uiurc uhligations are sccurcd hy thi�Security Instrumcnt cvcn thi,u�h.dl ur -
<br /> � purt may nul yct Ix advanced.AU(uture advanccs and uthcr luturc obligatiun,aic,c�ure�1 a,i(madu un ilic J.�te �
<br /> ° �.y.• uf this Sccuriry Instrumcnt.Nuthing in this Sccurity Instrumcnt shall constitutc a cummitmem tu makc additiunal
<br /> • or futurc loans ur advanres in.�ny amuunt.Any such cummitment must bc agrccJ to in a scparatc writing.
<br /> �'� (', All uhligations Gtantur c�wes to l.�nScr,which may latur arisc,tu thc cxtent not prohihited hy la�v,including,l�ut
<br /> .� nat limited to,litihilitics for uverdrafts rcluting to any dcposit account:�grerment hetwecn Gruntnr und l.ender.
<br /> � p. AII.�dditic�nal sums ndvanced and oxpcnses incurred by I.i:nder(or insuring,preserving or othcnvise pr��tccting
<br /> � the Pruperty�nd its valuc and any other sums advanccd.uid cxpense;s incurred by I.rndrr under thc tcrmti uf _
<br /> : this Sccurity[nstrument.
<br /> ". 'Chis Sccuriry Instrumcnt will not sccurc any othcr debt it[.�:ndcr f�ils to givc any requircd noticr ot thc right of rescissiun.
<br /> � 5. PAYMENTS. Grantor agrees thut all payments undcr the Secured Debt will be paid u�hen due and in accordancc
<br /> �vith the terms uf the Secured Aeht and this Security lnstrument.
<br /> 6. WARRAIV'i'Y OFTITLE.Grantor warrunts that Grantor is or will bc lawfully scized of thc estatc convcycd by this
<br /> Security Instrument and has the right to irrevocably grant,canvcy,and sell the Property to Trustce,in trust,with
<br /> power of sale.Grantor also warrants that the Property is uncncumbercd,excep�fc►r encumbrances at record,
<br /> � �'• 7, PRIOR SECURITY I(YTERESI'S.With ngard to anv other mortgage,deed of trust,security ugrcemcnt or other licn
<br /> document that cre�ted a prior security interest or encumhrance on the Prnpertp.Grantor agrecs:
<br /> A. To make all payments when duc and to pertorni or comply with all covenants.
<br />- � ,�,� B. To promptly deliver to Lcnder any notices that Grantar reccivcs from the holder.
<br /> � C. Not to allow any modiGcation or extemion of,nor to rcyuest any futurc advances unde�any notc or agreemcnt
<br /> � secured by the lien document without Lender's prior written consent.
<br /> '' ` 8. CI.AIMS AGAINST TITLE.Grantor will pay all taxcs,assessmcnts, licns,cncumbrances,lease payments, ground
<br /> • •� rents,utilities,and othcr charges rclating to thc Property when du�.[..endcr may requin Grantor to providc to Lendcr
<br /> • copies of all notices that sucl�amounts are due and the receipts evidencing Grantor's payment.Grantor will deCend
<br />' titic to thc Property against any claims that would impair the licn of tnis Security Instrument,Grantor lgrecs to assign
<br />{'' .� , y 3. � � �� �•.r:. nr y v�� �oai�ct�:�rtic�who supply labor
<br /> . . .
<br /> ��� y�.:t - - IU I..t:tlt���.d5 i��liC�iCu t3 L.t:i�t�iCi.8ii fi^h�5.Cl�tiT2s cr de._r._�.. ant_. ma �?�
<br />�'r�.. , � •• or matcrials to mnintain or improvc thc Property.
<br />;;;,_.�.,...,•, .
<br /> - - 9. DUE ON SALE OR ENCUMBRANCE.L.ender may.at its option,declar�thc entire balance of thc Secur�d De t to
<br /> =' be immediately due and payable upon the creation oF,or contract for the creation of,any lien,cncumbrance, trunster
<br />�==�'�;i,';��� ,. or sale of the Property.This right is subject to the restrictions imposed by federal law(12 C.F.R.591),as applicable.
<br />=`"�'•.�"�� '� This covenant shall run �vith the Property und shall remain in rffect until the Secured Debt is paid in full and this
<br />—' ='�`"•R'��s Securiry Instrument is rc:leased.
<br />=�,.{ .
<br />�s;�.-•�t�'. 10. PROPERTY CONDI'd'ION, ALTERATIONS AND INSPECTION. Grantor will kccp thc Property in good
<br />—�°''� condition and make all repairs that :irc reasanably necessary. Grantor shall not commit or allow any wastc,
<br />�•,:=..,;;:�
<br /> _„�.,J,;;,,,,,• impairmcnt,or detcrioration of the Property. Grantor will keep thc Pmperty frce of noxious weeds and grasscs.
<br />- � •� Grantor agrces that thc naturc o(thc occupancy and usc�viU not substantially changc wiLhout Lendcr's prior writtcn
<br /> - �°�;+,w. consent.Grantor will not prrmit any change in any license,restrictive covenant or casement without Lender's prior
<br /> - writtcn conscnt.Gramor wiU notify Lcnder of all demands,proceedings,claims, and actions against Grantor,and of
<br />-'"'�'�°.''.'::-",� • any loss or damagc ta thc Prapeny.
<br /> --'°'"�"��` Lender or Lender's agents may,at Lender�option,enter the Property at any rcasonable time for thc:purpose of
<br />�-�;;u�,
<br /> ,5;,��;�;R;- � inspecting the Property. Lender shall give Grant�r natice at the time of or before an inspection specifying a
<br />�1��+.0 reasonable purpose [or thc inspection.Any inspection of the Property shall be cntircly for I.ender's benefit and
<br /> --��;,�,;,.. Grantor will in noway rely on L.ender's inspection.
<br />�::�•-,` � il. AUTHORITY TO PERFORM. If Grantor fails to perform any duty or any of the covenants contained in this
<br /> _—__,..Y.��;�� 5ecurity Instrument, Ixnder may.without noticr,perform or cause thcm to be pert'vrmed.Grantor appoints Lender
<br /> __ - �-a_: as attorncy in fact to sign Grantor's namc or pay any amouni nccessary for performancc.Lcndcr's right to perform for
<br /> _ --—_- Grantor shall not crcate an obligation tci perforn�, and Lendcr's failurc to perfurm will not prccludc Lcndcr frum
<br />��;-2��� �-��r cxercising any uf l.endcr's other rights undet thr la�v or this Sccurity Instrumcnt. I(any construction on thc Property is
<br /> �.� _,�iv.,.?�5;#Tj�,� '
<br /> __-`�,��,y discontinucd or not carried on in a rcasonablc mannrr, Lcnder may takc all stcps necessary to prutcct Lcnder's
<br /> --. ,,+•x �+T ' sccurity intcrest in the Property,including complction of thc construction.
<br />�w�.�,�"'��T; �
<br /> l2. ASSIGNMENT OF LEASES AND RENTS.Gr�ntor irrrvocably grants,convcys and sclls to Trustcc,in trust for the
<br /> -� ;�.'!� �� bencfit of Lender,as additional sccurity all thc rigbt,titic and interest in�ind to any and all existing or future leascs,
<br />=`.^ � �- sublcases, and any <riher written or vcrbal abrecmenta for the use and orcupancy of any portion of the Properry.
<br /> ' � including any extensions,rencwals,modiC�atiuns ur substiwtions of such agrecments (all referred to as"l.eases") and
<br /> �'� , rcnts, issucs and proGts (all rcfcrrcd to as"Rcnts"). Grantor will promptly providc Lendcr with truc and corrcct
<br />'' rnpics of all cxisting and futurc Lcascs.Grantor may collcct,rcceivc,enjoy and usc thc Rents so I�mb as Grantor is not
<br /> - � b• in dcfault undcr the terms of this Securiry Instrument.
<br /> - �_ Grantor acknowlcdgcs that this assignmcnt is perfccted upon thr rccording o[this D«d of'i'rust and that Lcndcr is
<br /> ',' cntiticd to notify any of Grantor's tenunts to makc payment of Rcnts dur ur tu hccomc duc tu Lcndcr. Howcvcr,
<br /> c Lender agnes that only on dcfault will Lcnder notify Grantor und Granwr's tenaints and makc dcmxnd that all futurc
<br /> ' �„r���'`" � Rents be paid directly to Lender. On receiving notice of default. Grantor will enaorse and dcliver tu I.endrr any
<br /> ___'____ .__L . ._._.._. _e n.......:«I:.-...............�.....•.•:,... .....1 ...:lt .•�...,i•... onv R..nfc in truct fnr 1 rndrr :m�l W1�� tt[lf rcimminolc 1hL`
<br /> � --- -._ -_.--..,_.:- Nayu�cui.,a .w.u>..� .,..,.....�o p..o............. ...... ..... ........_ ..... .._..._ ....---• •-- ------ �
<br /> � ! Rents�vrth any othcr funds. Any�amounts collected will hr applicd as providrd in this Security Instrument. Grantor
<br /> - warrant�that no dcfault cxists unJcr thc Lcascs or any applicablc landlord/tcnant law.Grintc�r alsu.►grcrs to maintain
<br /> and reyuirc any tcnant to comply a�ith thc tcrms uf thc Lc��ses and applic�ihlc law.
<br /> 13. LEASH:HOLDS;CONDOMINIUMS;PLANNF;D UNIT DEVELOPMEN7'S.Cir.intor xgrccs to comply ��•i�h th�
<br /> provisions of any Irusr if this 5ccurity Instrumcnt is un a tcaschold. II'thc Yroprrl�� incluJrs.i unit in a conciominium
<br /> ur a pl�inned unit dcvclopmcnt, C;r.inwr will prrf��rm all of Cirantor's dutics unJrr thr cuvrm+nts,hy-lawti,ur
<br /> rcgul itions of thcccmdominium crr planncd unit dr�•clupmcnt.
<br /> 14. b�FAULT.(ir.mt�ir�vill bc in dcfc►ult if.ro}• party uhligated cm thr Sccurcd Dcht Cafl� tu makr paymcnt whcn duc.
<br /> Grantur will hc in dcfault if a brrarh urrurs undcr thc trrms c,f this Srcurity ln�trumrnt ur an}•athcr�iu�urncnt
<br /> (page 2 ot 4)
<br /> - pl9gtgankcroSys�ems irc SI Caud.MN 11�800397�73411 Fonn NEUT•NE B�B'9� —
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