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.;�� . . ., <br /> �.,{- <br /> '` ����.::._ � <br /> ; ..� - <br /> ,. . .� <br /> , , , ,, <br /> . „ . r „_ __________ <br /> . r�,,.._.. -- .._ •.. ..,..-..,. . ,. _ .. <br /> ... � — --_ - --=— . .. ... . . .. .. .. . � _ <br /> .�. <br /> •F+- :� . <br /> ' ' �?� �11��7V� �_ <br /> � �._ <br /> B.All tlnurc advanccs Prom Beneflctury co Tcustor or othcr futurc obllBations of Trustor to 8enoticlary uader any = <br /> prnralssory notc,contraet. guaranty.or othar evidena of debt executed by Trustor in favor of Beneficiary eaec«ted � . <br /> ` , a[ter�hls Securiry Inatrumcnt whether or not thia Sauriry Instrument 1s apecifically refcnnced. If more thu►cne = <br /> person si�ns this Secudty Instrument, ench Trustor agrees that this Securiry lnstrument will secure all future � <br /> ; � �dvances and t�turC obUgationa that aro given co or incurred by any ane or more Trustor.or uny one or moro Tcustor <br /> '; � aad others. All future ndvances and other funne obligations are sceurcd by this Securiry lnstrument even though �ll <br /> a � or pait may not yet i►e advanced.All tuture advanccs and other finure obli ations are secured as If made on tke date :; <br /> �- •������. of this Security Insttument.Nothing in this Securiry instrumeat sball wast�tute a wmmitinent to malce additional or <br /> Ntun loan�or advances in any umount. Any such commitment must be agreed to in a separate writing. <br /> ��� C.but ao�talimited og�IiAbilittes fornoverd�'tts hrelatingy to«any td posit�acco�unt agr eromenbit��by�l�av�+��tar�an�b <br /> � BeneRciary. pc y p ting <br /> . ° � D.�le apdrodperty snd i s value a�nd a�ny oxtItersums advancal a&nd expens s incu�rn�d by Benefctary undeethe tempn�sof tbia _ <br /> ,�x Secudty Instrument. <br /> � 'This Security Instrument wUl not secure any other debt If Benefictary fails ta give any required notice of the right ot <br /> . rescission. <br /> , �' prm�of�Sce�Debg a�nd t�hpls��uriry Instrumeat�e�cund Debt wlll be paid when due and In accordance with tha <br /> 6 �VARRr 1�'I'Y OF T1TLE.Trustar warrants chat Trusta is or wiil be lawfully setzed of the e itate coavey��bWethtf <br /> . . .:� ssale Ttyrusior�wu�radn�ta�that the�Proper�ty Iscunencumbe�,except f�enc�iunbrances of recNOrd' n�sc, wi <br /> .: �, 7. PRIOR SECURITY QITERESTS. With ngard to any other mortgage, dad of trust, securlty egrament ot otder llea <br /> .� dxument that created a prtor aecuriry interest or encumbraace oa the Properry,Trustor agreas: <br /> A.To make all payments when due and to pedorm or comply with all covens+nts. <br /> �-y.•�+' � H.To prompdy deliver to Beneficiary any notices that Tcustor receives from th�holder. <br />-"s;;��. <br /> C'Nxn od by tWhe lien do�cumeAnt without�BeneRclary's prltor nn nt consenl� �v�� �der any note or agrxmenc <br />=�` .�:. 8. CLAIl1�iS AGAIlVST TTl'LE. Tnutor will pay all taxes,usessme�►ts liens,encumbrances.lease pnyments, 8mund Knte, <br />_tiT__�.����I utU;ties�nad other charges reladng to the Frope�tyr when due.Beneticlary may rec�uire Trustor to provide to SeaeRciuy <br /> w��_F J.��� copia of all nodces�bat such amounts are duo and the rexipts�videncing Trustor s payment.Trustor wlll defend dtle to <br /> _-_- �G ��..� �S�t �., z��� rhar would impair the llen of this Sectulry Instrument. Tcustor agrxs to auign to <br /> —"�?�*�� &nefic ,asrequesto�by Beneficiary any d8hts. clainu or defeases 1'rusror may have againsi�.jes wttu:u�ly 2"-�tr <br />=_="� or mAted�s to maintain or�mprove the ISroperty. <br /> �Y'�'� 9. DUE ON SALE OR ENCUMBRANCE.Beneticiary may,at its option, dxlare the enttre balaace of the Secured Debt to <br /> -' be immediately due aad payable upoa the creatioa of,or oantract for�he creation of an liea�encumbr�nce,trwfer or <br /> --._-__- e A l e o f t h e P r o p e c t Y.T'h i�r t�ht is sub jand sha�ll�re�n lin eft�'xi�until�ihe Securod D�el b�i.�p�a d i n f u l l And t 6�s S e a c u r i t y <br /> ---_.-- covewiat ahall run with the PropertY <br /> � Ipscrument is nleased. <br /> �_-=�l�� 10. PROPERTY CONDITION� AI11'E1tA'1'IONS AND INSPEC'TION.Trustor wiU keep tho PropertY in ood aoaditfoa <br />-----�;�,s u�d m�e a11 repairs that are reasonabiy necessary. 7Yustor shall not coaimlt or allow any ,wr��r��t'�e <br /> --- detedoradoa of We Property Trustor wU]keep the Propeny fra of noaIous wads and grasses. <br /> nAture of the occupancy and nse wUl not substaudally chaage wlthout BeneficIary's pdor wrttten conuat.Trustor will aot <br /> permit any change in any Iicense,resuictive covenant or tasement without&aeficiary's prior writtea wnaent.Trustor w81 <br /> _ :__._ notify Beneficiary of ail demands, pmceedin8s.cl•aim.%•And actions against Trustor. and of any loss or d�e to tha <br /> ° Pt+oPeTty• <br /> Beneflctazy or Beneflciary's a�gents may,at Beaeflciary's op�lon, ent�r the Property at any reasonable time for the urpose <br /> of inspect3n8 the ProlxrtY• BeneRciary shall give Tnutor notice at the time of or before an don a <br /> nasoaable purposc for the inspection. Any, inspecdoa of thc Propecty shall be entlrely for Sen� ctary'� t �nd <br /> Tn�tor wili in ao wap rely oa&nefictary's�nspection. <br /> — 11_ AiJ�'HORTCY TO PERFARM• If Trusror fails to pertocm any duty or aay of the coveaanta conteinal in thii SecuritY <br /> = Instrurneat� Benoficiary may, without notice, perform or cause them to beperformed. Ttustor a�polnta &a�e6e[arY Rs <br /> �ttom�y ia fact to sign Tnutor's nacae or pay aay amount nxessary for perforniance.8eneficiary s rlght to Qecfo�omr <br /> Trustor shall not create an obligation to rform, and Beaeficiary's faUure to perform will not preclude Beoefacucy <br /> eae�clsing any of&neficlary's other righu under the law or this 5ecurlty lnsccument.If any construction oa the Ps+o,pac�► <br /> sec�urlty;n eIe�st in�th�e�o�pertyniaclud�ing eomplet�of�he conscu�Cdony�e�steps neces�ary to pmtect BeneRciuy s <br /> 12. A�s'SIGNMENT OF LEASES AND RENTS.Tn�stor icrevocably graats, wnveys and seAs to Tniaue. in trust for the <br /> benefit of Beneficiary. as additional securIry all the riy�t,tide and interest in and to any aad all e�dsting or fktura leues, <br /> -- - subleases�and any other written or verbal agreemenu�'or the use and occupancy of aay portion of the Propetty.includin8 <br /> �------ any extensions renewals,modifications or substitudoas of such agraments(all refcrred to as'Leases')and reata. it�ues <br /> =��� and profits (al� nfer��d to as "Rents"). Trustor wiU promptiy provIde &neficiary with aue nnd comect copka� of all <br /> ;;��;';��"� exisang and thture Leases•Trustor may collect,recefve,enjoy and use the Rents so long as Trustor is not in d�iwlt und�r <br /> -�y��-. '-� the terms of this Securiry Inscrument. <br /> ---�-:,..;3y;�� <br /> �"'n�crx�' Trusror acknowledges that this assignment is perfected upon the recording of this Dced of Ttvst aad that B�neGciary is <br /> -�=y�,�f�� entided to notify any of Trustor's tcnai►u to raake paymeat�f Rents due or to become due to Beneficiuy. However <br /> ``'�'= - Berwflciary agrccs that only on default will &aeSciary noti Trustor end Trustor's tenaata and malce demaad that al� <br />- r�.=�,;y:�,��j fluure Renta bo paid directl�y to Beneffciary. On recetviug notice of default 'lYustor wt11 endorse and deliver ro &aefidary <br /> s�v ns�n,rnc uf�Renss in Tn�sror's possession and will nceive aay Rents�n trust fur Beneficinty and will aot cocr�ln�le <br /> ----��;,; -. the�eats with any other thnds. Aay amounts coiieccea wiii oe piiod as provivai iu iuia uw�..� �...�..-w. ..-�-. <br /> ..,..:r,�..;;�� . <br /> ,,�.���;n_� waixants that ao default exists under the Leases or any applicable u►dtord/tenant law.Trustor also agras to m�lntaia end <br /> _ ,.,1,�.,ti�� require any tenant to comply with tho terms nf the LeasW and applicable law. <br /> ��_*,�;:; r,• <br /> -=T�•='?`•:: ��'•'' ' 13.LEASEHOLDS; CONDOMIIVYUMS• PLANNED ZRVIT DEVELOPMENTS. Tcuator agrces to comply with tho <br /> _'�: ,:�xi�.•�ti <br /> prov�sions of eny lease if this SccuritY�uscniment is on a leasehold. if the Property includes a unit in a condo um or a <br /> ,.'•��''' ��'''�'���� planned unit devclopment,Trustor wlll perform all of TrustoPs duties under the covenants.by-laws,or regulatlous of the <br /> '�•,�• '.•�: :s �• <br /> •: •�,.::•.. ;b;. cundominium ur planned untt devolnpment. <br /> �,,;f.�-.;:;. <br /> __::�:.,�s��,� ,� (� � IO�Q�t-�-- <br /> - � ��'� � l/ <br /> > f�i� 0799a Bwk�n Sr����,nx..St.CIwO.MN 11•800•38T23e11 Fam REOT•NL I!1 3r96 <br /> �, .- t � <br />