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<br /> . B.All ft�ture advuncea from BenetIciary to Trustor or other thture obligndona of Trustor to 8eneficiary under any �-
<br /> promissory note.coatract.guaranty, or other evidence of debt executed by T�uswr in favor of Beneficiary executed ,
<br /> ' • after thia Securlty Instmment whether or not thia Serurlty Instnuaent ia specificaUy refereuced. If more than one
<br /> pPrson signs this Security Inatnuaent. each Trustor agrces thst tttis Securiry Iastzument will secure all future
<br /> advances and fhture obligatIona that are given to or incurred by any one 4r moce Tzustor,or any one or more Trustor
<br /> . and ottters. Ail future advances sud other future obligations are secured b�y t4is Securiry Instrument even though ali - ,
<br /> or part may not yet be advaaced.All thture advances and other tbture obUgattons are secured as if inede ott the date
<br /> . of thla SecurIty Instcument. Nothiag in this Socuriry Instnunc�nt shail coastitute a wmmitment to make additional or
<br /> . . thture loana or advances in any antouat.Any such commiunent must he am�ed w in a separate writis�g. ,
<br /> .,_�,.;�' C.All obligatIona'Trustor owes w Beaeficlary.whidi may later arisa,to tbe extent not pmhibited by law including
<br /> ,,;� but not limited to, liabilities for averdrafts relating to any deposit account egreement between �'ruator azed �' ..
<br /> ' BeaeRctary
<br /> • D.All additional sums advanced and a�penses iacurred by BeaeficIary for insuring, preservimg or otherwise pmtectina� ,�:•��
<br /> ' the Proparty and ita value and any othar sums advanced and expenses iacurrad by Heneficiary uader the terma of this •• �:3::��
<br /> , Securiry Ittsitument. .r,: �;;i�`r��;`
<br /> ` 'I7�is Securlty Instroruent wlll not seaure any oWer debt if Beneficiary fails to'�ve any requirecfl na4�ce mff thc ri�ht v�f '>' '".':'�`�����
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<br /> + rescissian. �-:_-
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<br /> � S. PAYMENTS.Ttutittor ag�ees that all pa w►der the Secured Debt will be pa[d whea du�An�in accordanoe with t1�e : �.� .._
<br /> � � terms of the Secured Debt and this S��x ry�Ynstrunaent. `�`'`'_
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<br /> .�� � R 6. WARRAIV'PY OF TiTLE. Tiuscor warrents that Trustor is or wi11 be IawtWly seized of the estate oomveyed by this :"���,4`
<br /> ' � SecurIty Inauument and has the right to ime,wocebly grant,coavey.and sell the Property ro'I'rustee,in tnast,.vlch power of :..;��;;�L:
<br /> sale.TrusWr also warrants that the Property!s unencumbered�except for eacumbrattces of r�oord. • �,�-..,
<br /> ' .(,.� j 7. PRIOR �URtTY � � . With regerd w aay other mortgage,deed of trust,smcure2y a��anPnt or other lien =--=<
<br /> docena��that created a rior security interest or encumbraace on the Pro ``'��`
<br /> ,. ,•; ,i p PertY.Truator agrees: ..,•�:_
<br /> A.To make aU payments whea due and w perform or wmply wlth all covenants. ,�f
<br /> • •�_� �.T�p r om pt l y d eliver to Benefici a ry aa y aodcea Waz Tcustor receivea from the holder. `"'""`
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<br /> C.l�tva to aUow any modification or extension of, aor to �q ueat any future advancxs under any note or agreement `;�M�
<br /> � �by the lien document without Beneficiary's prlor written consent. "�-�=;;
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<br /> 8. CLA31V�A�AII�iST TITLE.Tn�stor will a�taxes,essessmenta liens,encwabrances, lease paymeata. gmnnd reats, �.�?y?.----
<br /> �- utilities, and other chazges relatin8 to the when due. Benef�ciary may rec�uire Trustor to provide to Beaefidary -_ __
<br /> �._ copies of all notices that such amouats are due an the m�eipts evidencing Trustor s payment.Tcustor wiil defend dtle to �� .
<br /> .. ,`�� the Ptopetty alTainst anq claims that would impair the Iien of tHis Securiry Insavmenc. Tiuswr agras to asai8n tu
<br /> Beneficn ,asreq ested b Beneficiary any rlghts.claims or defenses Tcustor may have asainst parties who supply labar � `'
<br /> � or arazen��s to mainmiu or�prave ttte�c�nperty. ------
<br /> ', �' 9. DiJE fb�i SALE OR ENCUMBRANC�.Beneficiary may.at its o tIon,declare the entire balance of the Secured Debt to —
<br />- be iffia�sdietely due and payable upon the cre,ation of.or contsact�or the creation of. any liea.encumbrauce.transfer or
<br /> � sale of the Property.This rl�ht is subject W the resMctions im�wsed by federal law(12 C.F.R.591). as epplicable.'lliis �=
<br /> covenant shall run wtth the 1�topertY az►d ahall remaia ia effect until the Secured Debt is paid in i'ull aad tbie Security -
<br /> . ' • Instru�a�ut is rele�ased.
<br /> -. 10. PR���'N CONDITION,ALTF.I�TIONS AND INSPECIZON.Tn�swr will keep the Propecty in�ood��dQr �-
<br /> . �d ,�e � air�y that are c+�asonably aecessary. Tnutor shall not commit or a]low aay weste. ---.-,-M�.
<br /> ' de;Cr3atta3iou of�e Prop�y Tn�swr will keep the Property free of no�cious weeds and grasses. TYuswr agrees tbat the =_- °�
<br /> m�te�y.the c�cupanoy aud use will not substantiaUy change wIthout Beaeficlary's prlor written oonsent.TYustor wiU aot --
<br /> :w..:.- �=. r��my cmange in auy license.resuicdve covenant or easement wlthout Beneficiary's prlor written cons�t.lYustor will
<br /> 3`.`"`'.' �,•1�cne�iciary of aU demande. ProceodiuBs. claims. aad actions agaiast Trustor. and of any loss or damsge w the
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<br />�;.`.�'��� �:;, � Beaefld�a �or Beneflc�ary'sagents may.at Beneficiary's optlon.eater the Property at any reasonable tinac for the utpose ----
<br />_ .:k . of the Paaperty. BeneflciaiY sl►aU give 1�swr aodoe at the tima of or befone aa on �yIng a �.
<br /> - • reasonable��pucpose f�c the inspection. Any inspection of the Property shall be eatirely for Ben�sry's e�it and i
<br /> Trustor wI1T in ao way rely on Beneficiary's iaspection. �'�°';
<br />_;,� ' � a-=
<br />-_ .. il. At1THt��t�Y TO P�RFORM. If'IYustor fails W perform any duty ar any of We covenants contained ia this 5audry
<br /> � ••.. � . Instruraeat,•BeaeSciarY maY. without notice. Perform or cause the�►W be perform�ed. Tcuator a�points Heueficiary as �;
<br />_=- � .. attomey!n fact to sign 1YusWr's name or pay aay amouat necessary for perFormaace.BeueficIary a right w rform for =-
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<br /> T i v s t o r s b s ll n o t c c e a e e an abli g a t ion to �m,and Benefidary s failure to perform wW not preclude ciary frnm
<br /> 'i��°�°' '`" exercisiA aay of Beneflclary's other ri�ts under the law or t h ie S e c u dty I n s u u m c a t. I f aay construaron on t he P r oper
<br /> i�,''��. $
<br /> is diso��st�nued or aoi carried on in a reasonable manner.BeaeRciary may take sU steps necessary w prota;t Heaefic si ry�s, �`'.
<br />=r;'~.�. securiag;nate�est in the Property.incYi�ding oompletion of the oonsaucdon. __
<br /> i �° Il2. AS3I�IVMEN1'OF LEASES ANIm IEtENTS. 'E'rustor irnwoc�ly grauts, vonveys and sella w Trustee� in trust for the �:;.,....._.
<br /> � •'' � benefit'oT Beaefidary,as additlonal security alIl 2�z rI t.dtle and interest in aud to any and ell existin or fl�ture leases. -=''�--
<br /> subleas�s,aad any a�r wrltten or vetUal agr�ts� $ �°�'';:,•
<br /> or the use aad oaupaacy of any rtion of the�roperty.including
<br /> . 'N:r. any exa¢nsioas,reneovu�s, modifcatd�ns or subsatutioas of such agcrements(all ref��as"Leases")unr�rents. issues �; •`",;;-
<br /> „%t`�. and pam,�i�a Qall referred to as "II2eanas). Tcustor wi11 promptly provide Bene�ciary wia� arue and cornact copies of�1 :�;
<br /> ;��;''�:�I �,�a�u��ture I.eas�s.Ttuscot aaaRy collect, receive.eajoy ana use the Ftenu so lot�s►s 3'rustor is aot in default uaa��r ,�.�.
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<br /> 1�1B t�['�i 1H��I t�S.S8C111'11J��511U2�1Y.� .
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<br /> • Tn�sto•r acknaw��ges that this assignment is�erf�cted upon 3he r�coidiimg of¢�s6s�I of Tn�st a��that Beneficiary �s I�;�,,`._T-
<br /> � �.,:../F_`::
<br /> f � h.�i.. .
<br /> � eatnE�a� ta aa�r of Tn�stor s teaaats to r�akepaya�ent of I3eara dane�r a��e due to Bea�6cuary. However. ;�;,.$�,, .F...
<br /> • , � ���f+ �g Y o��effavlt v►riU Beneficlary aotiffy'['ta�stor a�si Trmstor a t¢�anrs aud make detnaad tmat all
<br /> e na �
<br /> � future QBeats � ��y to�z�tciary;On neceiviag uatia�of defaiilt,Tmstor wi71��arse and deliver to Be�f�' •''`.
<br /> �v.��wn�nf mrs in'Tivstor's nassessiaa aa�will receive any Rems im tmst for�ciary and wW aot ca� _
<br /> --- - -� .---
<br /> - - ; the�eata with any�other ti�nds. Any eswusits c�liected ww be pitod a�provided ��s aec�uicy insavmcni. a a�u; ::
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<br /> , �u�ire y�te ant�to�crot��t�h the�taema�of�therLea ea�apnd�appl;c��b�le�wec�nt law.Trustor also agrees to maintain aad .,
<br /> �:���
<br /> • " 13. LEASEHOLDS; CONDOAZDVIUMS{ p'LANNED UNIT DEVELOPMENTS. Tmstor agrees to oomply with ttee
<br /> provisions of any lease if this Sewdty Iostnunent is on a leasehold.V the Propetty iacludes a uait in a condomiainm or a
<br /> planned uait development,Tcustor will perform all of Trustor's duties uader t�e wvenants.by-lawa,or regulations of the
<br /> coadominium or planaed unit development. �-
<br /> fpsge 2 0141
<br />� 0t8848ankrsSyKems.tnc•.St.CIOW.MN 11�800-387•29411 famRE-0T�NE 10�27fp7 .
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