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<br /> • B.aU future advauces frnm Bcncftciaty to Tcustor or uthcr fusurc obligations of Tlustor to Beacflciary under any �--
<br /> promissory note. contract, gusuanty,or other evidence of debt cxecuted by Truator in favor of Beneflclary exxuted ,,,
<br /> • after thia Security Instnunent whether or not this Security Instnuneat is speclfically referenoed. If more thw oae �-
<br /> ' • �rson sign� thia Secucity lnstnunent, eacb Trustor agr��es thut thie Securiry lnstruaient wUl sxure �ll fluut�e =;
<br /> , � advances and fucure obligations that are glven to or incurrcd by any one or more Tmstor,or any oae or more Trnstor k_
<br /> { and othero. All futun advances end otber future obligations xre secured by thie Socurlty Iaatn�meat�vea thougtt all =
<br /> o r pu t m a y n o ty e t b e a d v a n c e d.AQ ti�tnre advancea aad other fhture obllgations xre socured a+if m�de oa the dace
<br /> af i hls Security I n sttumeat. Nathin�in this Security Instrument shell const itute a commitment to c n a k�a d d i t io u t i or t;
<br /> : ���!# ] future loans or advaaces in uay amount•�1nY sucd commitment must beagrced to lu a separate wdting. ry
<br /> C.All obliguttons Trustor owes to Beneftciary,which may later arise,to the exteat not prohibited by law, iacludlag
<br /> -,,,�-� t � bu� nu� Iiuutc�i io, i{atrlt;ttcs far av..:Jr�t3s re!w'!no �� Qny dr�sit account aarceincnt betwan Tivstor aad _
<br /> ,.�,,,,,,,,�ati�� Beneticfary.
<br /> D.All addittonal sums advaaced and expenses lncurred by Beneflciary for InsurIng, nserviag or otherwise pmtecting
<br /> the Property ead its vnlue and any other sums advanced aad ezpenses incurred by�neficiary uader thc cernis of this
<br /> i ,�, Securlty Instiument.
<br /> TWs Securlty Instnunent will not secure any other debt if Beneficiary falls to give su�y requ�red notla of the r�ght of
<br /> � rescfssion.
<br /> h� . S. PAYMENTS.Trustor agrees that all PaYmen�uu�ment�e���bt will ba p�id when due and in acoorduice wiW the
<br /> ¢ tem�s of che Secured Debt and thts Securlry
<br /> . �` 6. WARRANTY OF TITLE. Trustor warranta that Tiustor is or w1U be IawfuUy se1zM of the estate conv�yed by this
<br /> Secariry instmtt�ent and ha9 the rlght to irrtvocably grant,convey,aad sell the Property to T'rustee.in tnut. wlth powa of
<br /> � sate.Trustor also warrancs that the Pmperty is unencumberal.except for encumbrances of record. �
<br /> �� 7. PRIOR SECURITY INTERESPS• With regazd to eny other mortgage.deed of trust. securiry agreement or other llea
<br /> document that create�a grlor security interest or encumbrance on the Property,Truswr agrees:
<br /> ° .,� A.To make all payments when due aad to perform or coaaply alth all covenauts.
<br /> B.To promptly deliver to&neficiary any notices that i'nistor receives from the holder.
<br /> ,' G Not to allow any tnodificadon or extension of, nor to request any future advances under any note or agroetrxat
<br /> � secured by d�e lien document without Beneticiary's pdor written consent.
<br /> � � 8. CLAIII�IS AGAINSI'T1TLE.Tn►star will pay all taxes,assessa�ente lieaA.encumbrances,lease payaieuts.gro�nd r.,nta.
<br />- ,;',. . ' i utilities,and other charges relatiag to the Froperty whea due. Bencticiary may r�ufrc Trustor to provide. to Beneflciuy
<br /> t,. �.,.- '• � r,opies of all nodca thac such amounes are due aad the receipts evidencIng TrnaWr s payment.'I�vstor wUl defead Ntle w
<br /> , ��•� the Property agaiast any claims Wat would impair the liea of thie SecurIty Instrua�ent. Trustor agrocs to aaaign to
<br />_ BeneficiuY, as reyuested by Beaeficiary,aay rtghts.claitas or defenses Tmstor may have against pacties who sugply labor
<br /> - -- or materials to inaintain or uuprove�hc Propc,�y. °
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<br /> '' 9. DUE OH SALE OR ENCUIVIBRANCE.Boneficiary may, at its optlon,declare the entirc balu►ce of thc Securod Debt to
<br /> ' . } be immediatcly due and payable upon the cnatioa of. or conuact t'or the creatlon of, any lien, enaunbtance.tranefer or
<br />=;;.�:�:��,;�'::' sale of the Property. This ri t is subject ta the resuicdons imposed by federal Iaw(12 C.F.R. 5�1). as applicable.Thie
<br />;ti,.,,,. ., , coveaaat shall ron with the�roperty and shall remaln la effect undl the Secured Debt is paid in full and thie Securlty
<br /> -__.,*::; Instrument is releasal.
<br />-�_`'��'t�'�F`� 10. PAOPERTY CONDITION, ALTERA'1'IONS AND IIVSPEGTION. Trustor will keep the Prope�ty in 1good condition
<br />�f-' ��;�{y and make all repairs that are rc�soaabi necessary. Tmswr shall not commit or aUow any wASU, imp�lrmeat� or
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<br />_-•=���-' deterloration of tbe Property. Tntstor wil kcep the Pr+operty free of noxious weeds and grasses. 'lYttsror agras th�t tlie
<br />�"•� ••_•� nature of tt►e occupancy aud use wW not substautially cheuge wIthout Beneflctary's prior writtea consent.Tcwtor will not
<br />'`'-`�'.-�-.+ �mit an chan e in any license,resuIctive wvenant or easemeat without Beaeficiary's prtor written consene.Tcuator wlll
<br />�' �''�Y.�;;z�� natify Beneficiary of all demands. proccedings. claims,and actions againse Truetor, and of nay loss or dutage to the
<br /> --- PcopertY•
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<br />��f�E:�:`�.'�� Beneficiary or BeneficIary's agents may.at Beneflciary's option,enter the Property et eay nensonable time for the
<br />_- �� of iaspect3ng the Property. Beneftcluy shall give Trustor notica at the time of or before �a ins�}onspec t�
<br />=.;�����d reasonable purpose for the inspoctioa. Any inspectlon of the Property shall be catlrely for Bene�'icIary's beae t end
<br /> =�"�:;;;. Tcustor wili in ao way rely on Hcneficlary's inspoction.
<br />±y -s�•��,1�'� il. AiTfHORITY TO PERFORM. If Trustor fails to pertorcn ac►y dury or any of the covenmta ee�nt�inod in this Securlty
<br />=�"�"S��� Instcument. Beneflciary may, without notice, perfoma or cause them to be perfombd. Trustor aRpoiats Beaeficiary as
<br /> "=-•��xd'�!� attomey ia f�ct to sjgn Trustor's name or pay any amouat necessery for performAna. Beneflciary s dg�t toperfo:m for
<br />----�--�- � Tmstor ahall not create aa obligation top rform.and &neficiary's failure to perform will not proclude Beaeflci�ry fn�
<br />_,�.'!t+!*-o+1'__,,,,�+� exercising any of Beneficiary's other rlgrits under the law or this Security Instcumeat.If eny constzucttoa on the�
<br />�;���;:"�": ' is discont3nued or aot carried on in a reasonable manner,Beneficiaty cnay take all sups necessary to pmtoct Brnetie ary s
<br />=_ security intexest in�he Property,including complet�on of the consuucdon.
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<br />.`s •'-r-' 12. ASSIIGNMENT OF LEASES AND RENI'S. 'I'rusror irrevocably grants� conveys and selis to Tnistce, in tcust for the
<br /> ;�l : ' benefit of Benefictery,as additional securlty all the rig�ht,tide and interest in and to any and all exlating or future leases.
<br /> � subleases. and any other written or verbal pgree�nents tor the use and occupancy of any rtioa of the Property.including
<br />`�� ' any extensions renewals. modifications or substitudons of such agroements(all rafe�o at"Leases`)and rents� issues
<br />��:•� and profits (al� nferred to as "Reats"). Trustor will promptly provide Benefic[ary with tzue and cocroGC copies of all
<br />' , existmg and furure I.eases.Trusto� may collect,ree;etve,enjoy ana use the Rrnts so lon�;as Tnisior Is not in defaull under
<br />� the terms of this Securlty Inst►vment.
<br />_ . �* Trustor ucknowledges chat this assignment is perfected upon the recordiag of this Dced of Trust and tt�at Benefielary [s
<br />_• , . � entitled to nottfy any of Trustor's tenants to make payment of Rents due or to become due tv Beneftciary. However
<br />_ •f B e n e f c c i a ry a g r e e s t h a t o a l y o n d e f ault will Beneficl a ry noti f y Tcustor and Trustor's tenants aad malce detn�ad th�t al�
<br /> ..� future Rents be paid directly to Beneficiary.On recelving notice of default,'1'NStor will cadotae and cieltver to Bene fi c luy
<br /> r ,•,,�„�t�'• } � any paymeat of Rents in Truscor's possess[on end will receive any Renta in uvst for Beneficiary and wtll aot commingle
<br />� the Rents with any other funds. Any umounts collacted w[ll beapplied as pmvided in th{s Security Instrnmoat. Ttvsror
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<br /> ...e.,.a.�o.�..dP£auu�Yiacs under the I.eases or anv ennllcable I�ndlord/ten�at law.Ttustor also agras to cnuintein and
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<br /> „ require any tenant to comply wtth the terms of the Leases and applicable law.
<br /> - 13. LEASEHOLDS; CONDOMINIUMS; PLANNED iMIT DEVEI.OPMEN'I'S. TrusWr agrees to comply, with the
<br /> � provisions of uny lease if this 5ecurity Instrument is on a lea5ehold.If the Property includes a unit in a oondommiwn or a
<br /> planned,unit development.Trustur will perform all of 1Yustor's duties under the covenanta,by-laws, or regulations of the
<br /> c:ondominium or plazuied unit developn�ent.
<br /> - fpage 2 ol4l
<br /> OIy948entwe5vtlemf.�nc..5t Cloud,MN It•800•397•Y3�11 FdmRE-0T•NF 12RJ9E
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