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<br /> g,pll futurc advancxs from BeneRclary to Trus�vidence of deb�execu��xl by Tcvstor ia fa�or of Be�ticjary exxu eyd
<br /> promteaory note,contract,guuanty,or othe
<br /> after thia Secudty Inatrument whether or not thla Securlty Ineuument is speclftcally referenced. If rrwn thaa one
<br /> person slgns thie Security Ins�nunen�� e�ch Truator agras that thie Security Instnunent will secure�il future �
<br /> advancee and thture oblig�tione that are givea to or incurral by any oae or more Trustor.or any oae or rnore Tn�scor
<br /> an
<br /> end othere. Ap Po�ure advancee and other ttrrure oblig�tione are eecw'ad by tbis Securlty Ins�nunent even ihough all
<br /> or parc maY not yet b�Advanced. A11 fliture advances end other future obligatIons are secured as i+F rnade on the date _
<br /> of thie Socurity Instrument. Nothing in ttris Security inacnunent ahall ca»s�itute a commiqncnt to make asiditional or �_
<br /> h
<br /> future loaas or advances�n enY amoun�• AnY guch cammltmeat must be agrced to in a separau writ
<br /> C.bui noltgltiin�tod�ot St 1labllitia foiAOVerd�ra'fts hi lating to1eany�deposit�account agrcemenbitbetwy��Qw,l,��ud�sd
<br /> Benefleiary.
<br /> D.All addltlonal sums advancecl e�►d ezpenses incurred by Beneftciary for insuring,preserving or othenvise protec � g
<br /> the Praperty aad its value and az►y other sums advanced�ad expenses incurred by Beneficiary under the tem�s of tbia
<br /> Securlty Instrument.
<br /> Thie Securlty Instrurneat will aot aecure any other debt if Beneficiary fails to give any required notice of the righc of
<br /> resciseion.
<br /> 5• urme of thre�u��Debgl�d t�hi�s S�x�urlty Ins�nt�e���Debt will be puid when due and in accordance wtth the
<br /> 6, �y►ARRAIVTX OF TITLE. Trustor wanants that Truswr ie or wiU be lawfully seized of the estate conveyed by this
<br /> Security Insuument aad has the right to irre i�b�a��bere�dA exycept for encnenb ance�s of r�rd'in trust,with power of
<br /> eale.Trustor also warrauts that the ProPertY
<br /> 7. PRIOR SECURITY IN'1'ERFSTS.With regard to any other mortgage, deed of trust. security agreemeat or other liea
<br /> document that created a prior sxuriry intcrest or encumbrance on the Property,Truator agrees:
<br /> A.To make all payments when due and w perform or comply with all covenante.
<br /> B.To pro tly deliver to Beneflclary any nodces that Trnet°r rece��e�frorn the holder. _
<br /> C,N�t�o�weany�d�ficatio��o out Beneficiary's prlor wrttute�n consen����� �der any note or agrcemeac
<br /> 8. GLAIMS AGAIIV&T 1'ITLE.Truaror will pay all ta�ces,assessmente liena,encumbrances,lease payments. gmund rec►te,
<br /> uWit�ea, and other chugea reluing w the Froperty whea due. Beaet�ciary may rec�uire Tniator to provldo ta BeneSciary
<br /> copies of all notices th�t auch uaouats ere due-wd the roceipte evideacing Trustor s payment.Trusror wUl d�fend title to
<br /> the PcopertY aBeinst uiy daims that would impair the Uea of thls Securlty Inatrumeat. Trustor egrees w aartgp to
<br /> Beneflcf �a+requ�aby rova ihe�roperty�io�rl�iit�ot dtfrtL�4 Tniatnr may h¢ve e�talnst Parties who eupplylabor
<br /> or materl�e to matn ubP
<br /> 9. DUE ON SAI.E OA ENCIJII�BRANCE.Beaeficirry m�y,at ite o�don,doclare the endre b�lence af the Sec�Ate,bt or
<br /> be immodiauly due�e�Abt is s�t�bjxt C���+striction.�+p�imrposed by fode�rali lsw(12 C.F R 591����pplk,�ble.'I7�e
<br /> s�le of the Propeccy. �d ehall remain In effect until the Secured Debt ls paid in tiul u►d th1s Socudcy
<br /> caveaant shvl run wlth the P�nY
<br /> Instrument is relwed.
<br /> 10. PROPERTY CONDITION,ALTERATIONS AND INSPECTION. Trustor will k pthe Property in ood coadition
<br /> aad make all sice that are reuonabiy necessary. Truator�sehof noxio�uawo�ted�sra d�greeses.Tn s or��th�t'the
<br /> deterioratioa of�e Pcop� Trustor wiU koep the ProPecty
<br /> nature of the occvpaacY ena use WiU not substantially chaage without Beneficlary 9 pTIOI W[lISCII CUDSCAt.Tnutor will i►ot
<br /> pem�it any change in aay licease.resMctive wvenant or easeaknt wlthout Beneficiary's prior writun consent.l'ruewr wql
<br /> notify Beneficiary of all demaada,procad�nBe. claimg, ead actiona against Trustor, and of any loss or damage to the
<br /> Property.
<br /> Benefici or Beneflciary's a8 Rciary s atl�gv ei Trust�notic�e at the t�im�e of or befon an�'mspecdon tspec f�ia8 a
<br /> of g the Prope�ty. Bene
<br /> reasonable��purpose for the �on• �Y �P�oa n of the Property shall be entirely for Beneticiuy's benent
<br /> Trustor wUl ia no way rely oa ficiary's inspec
<br /> - 11. AUTHORITY TO P'ExtFORN��Iou rn wc fatls t or�m or cause huem o be�rfor�med. T�ius�to�p�oi�n�B�efici�ary atye
<br /> Iusuument, Beneficiary may,
<br /> attorney in fact to aign Tcustor's aame or pay a�ny amount necessary for om�aace. BenefialazY s dght toperform for
<br /> Trustor sr�U not create su obligadon to rform, and Beneficiary's failure to perform wt11 aot preclude Beneficiary from
<br /> exercising any of Beneficiary'a other righ�ts uadcr the law or tl�is Securlty Instnunent. If any consuuction on the Property
<br /> is discontinued or not carrled oa in a reasonable manner.&neSciary may teke all stepa necessary to protect Beneflciary's
<br /> - security inurest la tbe Property.including completion of the consuuction.
<br /> " 12. ASSIGNMEN'1'OF LEASES AND RENTS. 'Truswr irrevocably grants, conv�ys aad sells w Tcusue, in tniet for the
<br /> benefit of BeneBclary. ag additional secudtY all the rlptht,title and iatenst in and to any and all existing or future leaxa.
<br /> subleases.aad any othor written or verbal agrxments for the use and occuPancy of any portion of thc PcopertY.i�►cluding
<br /> any exteasions renewals.mal�flca�{one or substitutiona of such agree�rxnte(al►refernd to as"I.eases")and renta,iaaue.�
<br /> and profits (al� referred to as "Reats"). Trustor wlll promptly provide Beneficiary with true and correct copies of all
<br /> the te�rms of t�his�Sec�Insaume°t�.�Y�llect.receive, enjoy and use the Renta so long as Trustor is not in default under
<br /> ^' Trustor acknowledges that tLis ess[Bnme°t te 1�erfected upon the rocording of th�s Dad of Trust azid t6at Beneficiary is
<br />�:`; entltled to notify any of Tmstar's tenants to make payment of Rente due or to become due to Beneftciary. However
<br /> Beneflciary agrees that only on default will Beneticiuy notify Tnistor and Tniaror's tenente and inaice demaud that al�
<br />�; future Itents be paid directlY to Beneficiary.On receiving notice of default Trustor wlll endorse and 3eliver to Beaefleiary
<br />_;:� enY payment ofRentssin.a�°t,s�a�mnsunnta�collWiectecl will be aDP ie�d�xsnpr�ovia a�it�s�s�uxi�ry insc�n�i�m�en�lr
<br /> - -�--- .....+...ei..e...i
<br /> tlle xCnia wiu�w.� �••�•• •r..--••—, �
<br />� r,�r�nts that uo default exists uader the I.eases or any applicable lenalordicenani iaw.i zusivi wa,s�.,�.� -�••—�»»------
<br /> �. require any tenant to comply wlth the terms of the L.eases sud applicable law.
<br /> 13. LEASEHOLDS; CONDOIVIINNMS' PLANNED UN1T DEVELOPIVIENT5. Trustor agrces to comply with the
<br /> �rovisions of any lease if this SecuritY�nstnunent is oa a leaschold. If the Property includes a unit in a condominium or a
<br /> ns
<br /> planned un{t development, Trustor will perform all of Tmstor's duties under the caveaants,by-laws. or regulatlons of the
<br /> condominium or planned unit development.
<br /> (page 2 0/41
<br /> �t 9g4 Benkus 6yn�ms,ine..St.Cioud.MN 1�-600•397•23411 Form RE•OT�NE 12/23/9E
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