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<br />;;;,3. H. All tuturc ndvana:s trum Lendcr to Grantor or othcr futurc obligations of Grantor W I.cndcr undcr nny prun�issury __
<br /> notc,cuntract,guAranty,or oth�:r cvidencc of dcbt exccutcd by Grrmtur in fnvur�f L�:ndcr cxecutcd a[tcr this
<br /> • Sccurity Instrument whcther or not this Security[nstrumcnt is spe:cificully refcrenced. It morc thim ane p�:rsan
<br /> ----- signs this Security Instrument,ca�h Grantor agrecs thnt thi,r•Security Inhtrument will securc all iuture advuna:s und
<br />.�• K"`--- futurc obligatians that urc given to or incurred by any onc or morc C�rantur,ar i+ny onc or morc GrAntar and
<br />'������ othcrs.All future advances:�nd othcr futurc ot�ligations ure sccurcd by this Sccurity Instrumcnt cvcn thuugh ap or _
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<br /> ■ part may nat yct bc advanccd.All tuturc advanccs and apier[uturc ohligations aru securcd as if madc�m thc: :�tc
<br />-.°__��r� of this Securiry Instrument.Nothing in this Securiry Instrumcnt shall constitute a commitmcnt to muke additionnl
<br /> -� or future laans or udvances in eny amount.Any such wmmitment must bc agrecd tu in u separs+te writing.
<br /> - �' C. All obligatIons Grantar owes to Lcnder,which may latcr arisc,to thc extcnt not prohibited by law,including,but
<br /> -��� not limited*o,IiabiGdes for overdrafts relating to any deposit account agrecment betwcen Grantor and L.cnder.
<br /> �` D. All addltional sutns advanced and expenses incurred by Lender far insuring,preserving or otherwise protecting
<br />;_;�;� tlie Property and its value and any other sums advanccd anJ�xpenscs incurred by L.cnder undcr thc tcrms of
<br />-�=�a this Secunty Instrument.
<br /> -- This Security Instrument will not secure any other debt if L.ender fails to give any required notice ot the right of rescission.
<br /> � � 5. PAYMENTS.Grantor agrees that all payments under the Secured Debt will be paid when due and in accordancc
<br /> with the terms of the Secured Debt and this Security Instrtunent.
<br /> 6. WARRANTY OF T1TLE.Grantor wattants that Grantor is or wiQ be lawfully sei�.ed of the estatc conveyed by this
<br /> - _� � Security Instrumem and has the dght to lrrevocably grant,convey, and sell the Propeny to Trustee,in trust,with `
<br /> -� power of sale.Grantor also warrants that the Propertyis unencumbered,except for encumbrances of record.
<br /> 7. PWOIt SECURTTY IIVTERFSTS.With regard to any other mortgage,deed of trust,security agrcement or othcr lien
<br /> - document that created a prior security interest or encumbrance�n 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 ta Lender any notices that Gruntor receives from the holder.
<br /> _ - C. Not to allow any modification or extension of,nor to request any future advances undcr any note or agrcement
<br /> secured by the lien document without Lender's prior wr3tten consent.
<br /> 8. CLAIMS AGAINST TITLE.Grantor will pay all taxes,assessments,licns.encumbrances,lease payments,ground
<br /> rents,utilities,and othcr charges relating to the Property when due.I.ender may requirc Grantor to provide to I.ender
<br /> copies of all notices that such amounts are due and the receipts evidencing Grantor's payment.Grantor will defend
<br />-- title to the Property against any claims that would irnpair the lien of this Security Instrument.Grantor agrees to assign
<br /> to Lender,as requested by L.ender,any rights,clairns or deicuaC�Gi ani.�r t�ay hacc againss g3zties��h�su�.+�+ly�ahnr ,
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Lender rnay,at its option.declare the entire balance of the Secured Debt to
<br /> be immediately due and payable upon the creation of,or contract for the creation of,any Gen,encumbrance.transfer
<br /> or sale of the Property.This right is subject to the restcictions imposed by federal law(12 C.F.R.591).as applicable.
<br /> This covenant shall run with the Property and sha�ll rcmain in effect unnl the Secured Debt is paid in full and this
<br /> Security Instrument is rcleased.
<br /> 10. PROPERTY COIVDITION,ALTERATIONS AND INSPECI'ION.Grantor will keep the Property in good
<br /> - - - condition and make all repairs that arc nasonably necessary. Grantor shaU not commit or allow any waste,
<br /> impairment.or detcrioration of thc Property.Grantor will keep thc Property free of noxioi�s wecds and grasses.
<br /> Grantor agrees that the nature of tlie occupancy Rnd use will not substantially change without Lender's prior written
<br /> consent.Grantor will not permit any change in any license,restrictive covenant or casement without Lender's prior
<br /> v�ritten consent.Grantor wip notify Lender of all demands,proceedings,claims.and actions against Grantor,and of
<br /> any loss or damage to the Property.
<br /> L.ender or Lender's agents may.at Lendcr's option,enter the Property at any reasonable time for the purpase of�
<br /> inspecting the Property. Lender shall give Grantor notice at the timc of or before an inspection specifying a
<br /> reasonabte purposc for the inspection. Any inspcction of the Property shall be entircly for Lender's benefit and
<br /> Grantor will in no way rely on Lender's inspection.
<br /> 11. AUTHORITY TO PERFORM. If Grantor tails to Ferform any duty or any of the covenants contained in this
<br /> -- Security Instrument,Lcndcr may,without notice. F�rform or cause them to be performed.Grantor appoints Lender
<br /> — as attarney in fact to sign Grantor's name or pay any amount necessary for performance.Ixnder's right to pc:rform for
<br /> � Grantor shall not creatc an obligation to pc�rforrn,and Lenders fuilure to perform will not preclude Lender from
<br /> — excrcising any of Lcnder's other rights under thc law or this Security Tnstrument.lf any construction an thc Property is
<br /> discontinued or not carricd on in a rcasonablc rnanner.Lender may take all steps necessary to protect Lcnder's
<br /> _--_ sccurity interest in thc Property,including completiun of thc construction.
<br /> 12. ASSIGNMENT OF LIEASES AND RENTS.Grantor irrevocably grants,conveys and sells to Trustce.in trust for thc
<br /> --- bencCt of Lendcr,as additional sccurity all thc ri�ht,title and interest in and to any and all existin�or future lcascs,
<br /> - �—= subleascs, and any othcr writttn c�r verbal agrcements for thc:use und occupancy of any portion of the Property.
<br /> -��� including any extcnsions,rcnewals,modifications or substitutions of such agrcements(all rcicncd to as"Leases")and
<br /> s��':"�., rents,issues and profits(all refctred to as"Rents"). Grantor will promptly provide Lcndcr with true and correct
<br /> -���;�;;` copics of all existing and futurc Leases.Grantor maycollect,receive,enjoy and use the Rents so long as Grar:�r is not
<br /> �'�-'-'�� in default undcr the tcrms of this Security Instrument.
<br /> Grantor acknowledges that this assignment is perfected upon the recording of this D�ed of'I'rust and that L�;nder is
<br /> .,;;�,�' entitled to notify any o(Grantor's tcnants to makc payment ot Rcnts duc or to becomc duc to Lendcr. Howcvcr,
<br /> ° -� •- Lcndcr agrees that only on default will L.cndcr notity Grantor and Grantor's tenants and make demand th�t all futurc
<br />- Y=�`,_���_ Rents be paid directly to Lendcr. On receiving notice of default, Grantor will endorse and deliver to Lendcr any
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<br />- :.,?�e;�.s...7 payment of Rcnts m t►rantor's posscssion nnd wiii�a�C�Y� u�_'y ����ts;r�c:as:..,� ...:......:::.... :........ __..._.....�- ----
<br />_: ' . F,� Rents with any athcr funds.Any amounts collccted will be applied as prcivided in this Sccurity Instrument.Grantor
<br /> ,.'f warrants that no dcfault cxists undc:r thc Lcascs or any applicable IanJlord/tcnant law.Grantor also agrecs to maintain
<br />, " . : and require any tenant to comply with the tcrms�f thc I.cases and applicable law.
<br /> ` 13. L�ASEHOLDS;COIVDOMINIUMS;PLANNED UNIT DEVELOPMENTS.Grantor agrecs to comply with tha
<br /> provisions e�f any Icase if this Security Instrument ison a Icaschold.lf the Property includes a unit in a condominium
<br /> � or a planncd unit devclopmcnt, Grantor will perform all of Grantor's dutics undcr thc covcnants, by-laws, or
<br /> ro�ulations of the condommmm or planned unit devclopmcnt.
<br /> ' ' 14. DEFAULT.Grantor will hc in default if any party��hligated on thc Sccured Debt tails to makc paymcnt whcn due.
<br /> � '�� Grantor will be in default if a brcach occurs under thc tcrms of this Security (nstrument or any e�ther document
<br /> 4 (Page 2 0/4)
<br /> �, V . . ptP9iBan►eroSys�em+.tnc.S�Cloua.MN��-80n�97-23�flFormRE•DT�ntE &6W
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