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<br />_,�. ,'.,. B. All future advanccs from Lender to Grantor or other future obligations of Grantor to Lender under any promissory
<br /> M�..<.,�t
<br />`,�,a;•,. • aote,contract,guaranty,or other evidencc of debt executed by Grantor in favor of L.ender executed after t is
<br /> - Security Instrument whether or not this Security Instrument is specifically rcfercnccd. lf morc than one person
<br /> _'-�.�ti�, signs this Security Instrument,each Grantor agrecs that this Security Instrument will sccure all future advances aiid
<br />•-��r^�' futurc obligations that sue given to or incurred by any onc or more Grantor, or any one or more Cirantor and
<br />_�a,�;i,� oWers.All fumre advances and other future oBligations are secured by this Securiry Tnstrument even thou�h all or
<br /> ' part may not yet be advanced.All futurs advances and other future obligatians are secured as if made on the date
<br />-���� of this Securiry Instrument.Nothing in this Security Instrument shall canstitute a commitment to make Additional
<br /> or future loans or advances in any amount.Any such commitment must be agreed to in a separate writIng.
<br /> , C. All obligations Grantor owes to I.ender,which may later arlse,to the extent not prohibited by law,including,but
<br /> �+ not limited to,liabilities for overdrafts relating to any deposit account agreement het�veen Grantor and I.ender.
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<br /> D. All additional sums advanced and expenses incurred by I.e:nder for insuring,preserving or othcrwise protecting
<br />'�:���;i�; the Property and its value and any other sums advanced and expenses incurred by Lender under the terms o{
<br />°�-�:` ;�y��. this Security Instrument,
<br />_�s__�fJ�� This Security Instrument wiU not secure any other debt if Lender fails to give any required notice of the right of rescission.
<br /> ;:��, 5. PAYMEN'I'S.Grantor agrees that all payments under the Secured Debt will be paid when due and in accurdance
<br /> -__�c-�� with the ter[ns of the Secured Debt and this Security Instrument.
<br />__= - 6. WARItA1VTY OF TITLE.Grantor wanants that Grantor is or will be lawfully seized of the estate conveyed by this
<br /> _—_ Secwity Instrument and has the right to irrevocably grant,convey,and sell the Property to Trustee,in trust,with
<br /> -=--—� power of sale.Grantor also warrants that the Property is unencumbered,except for encumbrances of rewrd.
<br /> -------° 7. PRIOR SECURiTY IIVTERFS'TS•With regard to any other mortgage,deed of trust,security agreement or other lien
<br />=��'���� document that created a prior security interest or encumbrance on the Property,Grantor agrees:
<br /> A. To make all payments when due and to perform or comply with all covenants.
<br />-_"-��� B. To promptly deliver to Lender any notices that Grentor receives from the holder.
<br /> — C. Not to allow any modification or extension of,nor to request any future advances under any note or agreement
<br /> _ secured by the lien document without Lender's prior written consent.
<br /> -- - 8. CLAIINS AGAINST TITLE.Grantor will pay all taxes,assessments,liens,encumbrances.lease payments,ground
<br /> -�= rents,utAities,and other charges relating to the Property when due.Le;nder may require Grantor to provide to Lcnder
<br /> - copies of all notices that such amounts are due and the reccipts evidencing Grantor's payment.Crantor will defend
<br /> title to the Property against any claims that would impair the lien of this Security Instrument.Grantor agrees to assiga
<br /> to Lender,as requested by Lender,any rights,cla�ms ar defenses tirantor may have against par[ies who suppIy iabor
<br /> _ or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Lender may,at its option,declare the endre balance of the Secured Debt to
<br /> be immediately due and payable upon the creation of.or contract for the creation of,any lien,encumbrance,uansfer
<br /> or sale af the Property.This right is subject to the restrictions imposed by federal law(12 C.F.R.591).as applicablo.
<br /> This covenant shall run with thc Property and shall rcmain in eftect until the Sccured Dcbt is paid in full and this
<br /> Security Instrument is released.
<br /> 10. PROPERTY CONDITION,ALTERATIONS AND INSPECTION.Grantor will keep the Property in good
<br /> condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste,
<br /> impairment,or deterioration of the Property.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nuture of the occupancy and use will not substantially cha�igc without L.ender's prior written
<br /> consent.Grantor wiU not permit any change in any license,restrictive covenant or casement without Lender's prior
<br /> written consent.Grantor will notify Lender of all demands,proceedings,claims,and actions against Grantor,and of
<br /> any loss or demage to the Property.
<br /> Lender or L.ender's agents may,at Lender's option,enter the Property at any reasonable ttme for the purpose of
<br /> � inspecting the Property. Lender shall give Grantor notice at the time of or before An inspection specifying a
<br /> reasonable purpasc for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and
<br /> Grantor will in no wey rely on L.ender's inspection.
<br /> 1L AU1'HORITY TO PERFORM. If Grantor fails to perform any duty or any of lhe covenants contained in this
<br /> Security Instrument.Lender may,without notice.perform or cause them to be performed.Grantor appoints Lender
<br /> as attorney in fact to sign Grantor's name or pay any amount necessary for performance.Lender's right to pedorm for
<br /> — Grantor shall not create an obligation to pedorm,and Lender's failure to perform will not preclude Lender from
<br /> — exercising any of Ixnder's other rights under the law or this Security Instrument.If any construction on the Property i�
<br /> �� -- discontinued or not carried on in a reasonable manner, Lendcr may take all steps necessary to protect Lender's
<br /> _ __= security interest in the Property,including completion of the construction.
<br /> - -_= 12. ASSIGNMENT OF LEASES AND REN'I'S.Grantor irrevocably grants,conveys and selis to Trustee,in trust for the
<br />� - - - benefit of Lender,as additi�nal security aU thc right,titic and intcrest in and to any and aD existing or future leases,
<br /> ���� subleases,and any other written or verbal agreements for the use and occupancy of any portion of the Property.
<br />--=rT including any cxtensions,rcnewals,modifications ot suhstitutions of such agreemcnts(all refcrced to as"Lcascs")and
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<br /> rr:.;.�-.; tents, issues xnd pro�ts(�ll refrrred to as "Rrnts"). (irantor will promptly rr�rviJe Lrndcr with truc and cc�rrcct
<br /> '�- •�`+' copies of all existing and tuture l.eases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor is not
<br /> ''�''�����'`)- in default under the terms of this Sccurity Instnunent.
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<br />'r.„ ,;t:4 , Grantor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Lender is
<br /> :, _.��> > ' cntiticd to notify any of Grantor's tenants to make payment of Rents due or tu hecomc duc to Lendcr. Howevcr,
<br />:-�^�_�: I.cnder agrccs that only on default will Lendcr notify Grantor and Grantor's tcnants and makc dcmand that all future
<br />-=_- ;:�� Rents be paid directly to L.ender. On recciving noticc of default,Grantor will endorse and deliver to L.ender any
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<br /> -.'�.�;'yor'�(' : paymcnt vi xents in cirancor's posscssion and wiii recCi�c any ncnia i►i i�uai i�i ix�iuci ri�iu:vu�i�ui unu�uii,ga. .�«
<br />_,:,,.y,, �:� Rents with any other tunds.Any amounts collected will be applied as providcd in this Security Instrumcnt.Grantor
<br /> " , • _ ,�'�; wanants that no default cxists undcr thc Lcases or any applicablc landlord/tenant law.Grantor also agrees to maintain
<br /> �� and reyuirc any tenunt tu cumply with thc tcrms uf thc Lcascs and applir�blc law. �
<br /> �. . � �; 13. LEASEHOLDS;CONDOMINIUM5;PLANNED UNIT DEVELOPMENTS.Grantor xgrccs tu ccnnply�vi1h thc
<br /> • provisionx of any lcasc if this Sc;curiry Intitrumcnt is on a lcaschald.If thc Property includcs�unit in a cundominium
<br /> . ur a pl:�nncd unit dcvclopmcnt,Grantor will perform all of Grantor's dutics undcr thc covenants, hy-laws,or
<br /> , rcgulations of thc condominium or planncd unit devcicspmcnt.
<br /> � 14. DE�AULT.Grantor�vill he in dcfault if any party obligated on thc Securcd Debt fails to make paymr.nt when duc.
<br /> ' Grantor will he in drfault if a brccich occurs under the terms of this Security Instrument or any other document
<br /> .: �.. (pa9e?or4)
<br /> m tg9tBanknroSpteme.Ine.St C�ouO.MN�180DJ97•23�t)FormRE•Dt•NE BI&91
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