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<br /> B. Ali future ndvancc�fram l.�nder to Grantor or other futurc ohligi�Uons of Grantar to Lender under uny promis.wry
<br /> nute,contr�ct. guamnty,or olher evidence of debt executed by Cirantor in favor of l.endcr executed a[ter this
<br /> Sc:cwity Instrument whether�r not this Security Instrument is sp:ciCcuUy referenced.If more ihan une person
<br /> signs this Security Instrument,each Crnntar i�grces thAt this Sccurity Instrument wiq secure all futurc:advances smd
<br /> futuro abligations thut Am given to or incurred by any uno ar morc Orantor.ur any unc or mure Cirantor eud
<br /> othcM.All futurc udvnnces c►nd othcr futurc ohligntinns i�ro s�.curcd hy tliis Sc:curity Instrurnent cvcn though ull ur
<br /> part muy not yet t►e advanced.AU futute ndvunces ned other future ubligatiuns are sccu�e�J,�a if mude un tl�c di�ie °
<br /> of this Security Instnunent.Nothing in this S�ecuri►y Instruaient shnll constitute a commitment to m:ike additianal
<br /> ar fu►ure laans or advences in nnv nmount.Am such cammitment must be t�Rrced to in a�pariitc writinK.
<br /> C. All abligudons Cirantor owes t�Lcnder.whtch muy later arisc,ta the extent not pruhibitcd by law.including,but
<br /> nat limited to.liebilttics for ovcrdrnfts relnting to any dcposit ac�ount agreement bctween Grantor 1nd Lcnder.
<br /> D. All additional sums nc3venced and�:xpi:ns�.'s incurred by L.enJer tor insuring,preserving ar othen�vlse protecting
<br /> thc Pruperty:+n�its value and any other sums advanccd and expenses incu�red by l.endcr under the terms of
<br /> this Security lnstrument.
<br /> 'lhls Sccurity Instrumcnt will not securc any other dcbt if l.ender fails to�ive any requircd nodcc of the right of resci.sston.
<br /> S. PAYMEN'CS.Grantar agrees that all payments under the Secured Debt will be paid whcn duc and in ascordance
<br /> with thc tcrms of thc Sccured Debt und this Security Instrument.
<br /> 6. WARRANTY O�TITLE.�rantor warrants that Grantor is or wiU be lawfully seized of the estate convcycd by this —
<br /> Security Instrument and has the right to irrevocably grant,convey. and sell the Property to Trustce. in trust.with
<br /> power of sa]e.Grantor also warrants that the Properry is unencumbered,except fur encumbra�ices uf record.
<br /> 7. PRIOR SECURITY 1N'1'ERFS1'S.With regard to any othcr mortgage,deed of trust,security a�reement or other lien
<br /> da:ument that created a prior secwity inierest or encumbrance on the Ptoperty.Grantor agrees:
<br /> A. To make all payments when due and to perform or comply with al!covenants.
<br /> B. To promptly deUvc;r to Lender any notices that Grantor receives trom the holder.
<br /> C. Nut to allow any madification or extension oi,nor to request any future advances under any note ur agrcement
<br /> secared by the liert document without I.ender's prior written consent.
<br /> & CLAIMS AGAINST TlTLE.Grantor will pay all taxes. assessments,liens, encumbrances,lease payments,ground
<br /> rents,utilities,and other charges relating to the Pronerty when due.L.ender may requirc Gra�tar to provide to Lender
<br /> copies of aU noticcs that such amounts are due and the receipts evidencing Grantor s payment Grantor wiU defend
<br /> title to the Property against any claims that would impair the lien of this Security Instrument.Grentar agrees to assign
<br /> tv�r�3c;.«s ic�u�i�3 i�y:..cr3:.r,a�y right�,clairrs ar s3�fen:.��ssfliar ms;�l3YF uAdLiLt�.+�i�c wh�cnnnlv lutx��
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANC&Lender may,at its option,declare the entire balance of the Secured Debt ta
<br /> be immediately due and payable upon the creatian of.or contract for the creation of,any Gen,encumbrance,transfer
<br /> or sale of the Property.This rigt�t is subject to the restrictions imposed by federal law(l2 C.F.R.591). as applicable.
<br /> This covenant shall run with the Property and shall remain in effect until the Sect�r2d Debt is paid in full and this
<br /> Security Instrument is released.
<br /> 10. PROPERTY CONDITION,ALTERATIONS AND INSPECTIUN.Grantor will keep the Propeny in good
<br /> condttion und makc alt repairs that arc rcasonably necessary.Grantor shall not�ommit or allow any waste.
<br /> impairment,or deterioratton of the Property.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of the occupaney and nse �vil1 not substantiaAy change without Lender's pr[or wntten
<br /> wasent. Grantor will not pernut any change in any license,ncstricdve covenant or easement without Lender's prior
<br /> written consent.Grantor will notify Lender of al!demnnds,proceedings. claims,and actions agaiust Graittor,and of
<br /> any loss or damagc to the Praperty.
<br /> L.ender or Lvnder's agents may.at L.ender's option.enter the Property at any reasonablc time for the purpose of
<br /> ' inspcciin thc Property.Lender shall give Grantar noticc at the time of or before an inspection spectfying a
<br /> reasaaab�e purpose for the inspection.Any inspection of thc Property shall be enti�ely for Lender's benefit and
<br /> Gruutur witi in no way rcly un G:n.icr'�i�i5pactian.
<br /> il. AUTHORITY TO �ERFORM.if Grantor faiis to perform any dut� or any of the covenants contained in this
<br /> Security Instrument. I.ender may,without notice.perform or causc them to bc performed.Grantor appoints Lender
<br /> as attomey in fact to sign Grantor's name or pay any amount necessary for performance.Lender's right to pedorm for
<br /> Grantor shnll not create an obligation to perform,and Lender's failure to perform will not precludc Lender from
<br /> exercising any of Lcndcr's other rights under the law or this Security Instrument.If any construction on the Propertp is
<br /> discontinucd or not carricd on in a reasonable manner. Lender may take all steps necessary to protcct Lender's
<br /> security interest in the Property,including�bmpletion of thc construction.
<br /> 12. ASSIGNMENf OF LEASES AND RENTS.Grantor irrcvor.ably grants.conveys and sel(s to Trt��tee,in trust for thc
<br /> bcne�it of Lender,as addlttonal security atl the right,title and interest in and to any and all cxisting or futurc Icases,
<br /> subleases.and any other written or verbal agreemenu for the use and accupancy of any partion of the Property.
<br /> including any extensions.renewals,modiCcations or substitutions of such agreements(all refened to as"Leases")and
<br /> rents,issues and profits (all refened to as•'Rents").Grantor will promptly provide i.e�nder with truc and conect
<br />_ copies of all existing und future Leases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor is not
<br /> in default under the terms of this Security Instrument.
<br /> Grantor ucknowledges that this nssignment is perfected upon tho mcording of this Dced of Trust and that I.ender is
<br /> entitled to notify any of Grantor c tenunts to makc payment of Kents duc ur to bccome due t� Lender. However.
<br /> Lender agrees that only on detaWt will l.endcr rtotify Grantor and Grantor's tcnants and make dcrnand that all future
<br /> Rents be paid directly to Lender.On recciving notice of defau(t,Grantor�vill endorsc und deliver to Lcnder any
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<br /> Rents with any other funds. Any amounts collccted will be applicd as pmvided in tl�is Security instrument.Grantur
<br /> warrants that no default cxists undcr thc Leascs or any applicablc landlorci/tcnant la«•.Grantor also agrccs to maintAin
<br /> and require any tenant to comply with the terms of the Leases and applicablc law.
<br /> 13. LEASEHOLDS;CONDOMINIUMS;PLMINED UNIT DEVELOPMEN'I'S.Grantur agrccs to cumply�vith thc
<br /> provisions of any Icasc if this Sccuriey Instrument is on a Icaschold. 1 F th�Property includrs:► uniz in:► condominium
<br /> ur a planncd unit dcvcloprnent,Grantor will perform all of Grantor's Jutics undcr thr cov�nants,Ny-I�iws,or
<br /> rcgulations of thc condominium or planncd unit dev�:lopmcnt.
<br /> 14. DE�AULT.Grantor will tx:in drfault if any purty obliNated on thc S�rured Drht(ails to muke F+ayment�vhen dur.
<br /> Grautor will bc in dcfault if a breach occun undcr thc tcrnis ut this Srcurity lnstrumcnt ��r any othcr document
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<br /> O tYW bW.Mt S�iNms,N+c.St Cbua.MN 11�EOa,797•?3N I K«m RE-0T•NE 659�
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