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<br /> 'S B. AU futurc udvanccs frc�m LenJcr tu C;ranturor uthcr futurc��I�litiutiuns u �rantus u �;n�lcr widcr any pruntiysory ,r.•,,.
<br /> � � notc,contrnct, guiuunty,or athcr cvidcncc uf dchl rxccutcJ hy <irantur in fav��r uf [.cndcr cxccutc�l aftcr this F•,
<br /> • r Security Instrumcnt whethcr or n��t this 5ccurity lnstrumcnt is s�ucifically r�:fcrcnccd. I�murc thnn unc person •:�s.sc;.
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<br /> signs this Sccurity Instrumcnt,cuch Gr,irtor agrccs that thn Sccurity lnstrumcnt will sccurc all tulurc advances and . ., .�..
<br /> future ubligatiunti that f�re given to or incurred by any unc ur murc Gr.�ntur,or �my unc ur murc Gr�mtor.ind �.-n:_
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<br /> i othcrs.All tuturc advancc:s;md othcr(uuuc obligations;+rc��cin•cd hy this S�:curity Instrumcnt cven though nll ur j
<br /> part may not yct lx udvnnccd.AU futurc advnuc��tutJ ulhur[utUrc ubligalicros are sccumd as if madc�,n thz ilatr
<br /> �-'''+��� of this Security Instrument.Nothing in this Securiry lnstrument sh�ll amstitutc,�commi�ment tu rnakc udditions►I �-:'�
<br /> _;,;www��X or futurc loans or advunccs in any amou�nt.Any�uch commitmcnt must bc agrccd t��in�+scpuratc�vri�ing.
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<br /> C. All obligations Grantor owcs to Lendcr.which mxy latcr arisc,to th�_cxtcnt nut pruhibitcd hy law.including,but _
<br /> '"` not limited to,liabilities for overdrafts relating to any deposit account agrcement hetwecn G r�ntor nnd Lc:nder. _ -
<br /> D. All additional sums advanccd and expenscs incurrcd by Lcndcr For iusurins,prescrving or othcnvise protccting _
<br /> • thc Property and its valuc and any nther sums advanccd and expcnses incurrcd by Lendcr under thc tcm�s of � __
<br /> �� this Security Instrument.
<br /> `` This Security Instrument will not secure any otlier debt if Lender fails to give any reyuired notice ot thc risht of rescission.
<br /> � ��� S. PAYM�N1'S. Grantor agrecs that all payments under thc Secured Debt will be paid whcn duc and in accordancc
<br /> with the tcrms of the Secured Debt and this Security Instrument.
<br /> � 6. WARRANTY OF TITLE.Grantor warrants that Grantor is or will hc lawfully scized of thc cstatc convcycd by this
<br />- • `�- • Security Instrument and has the right to ircevocably grant,convey, and scll the Property to Trustee,in trust,with
<br /> � power of sale.Grantor also wHrrants that the Proper�y is unencumbered,except for encumbrances of record.
<br /> 7. PRIOR SFCURITY INTERES'TS.With re�ard to any odier mortgagc,dccd of tru�t,security xgreement or other licn
<br /> - �.• dacument that created x prior security interest or encumbrance on the Property,Grantor agrces:
<br />= A. To make all pAymcnts when duc and t�perform or comply with all covenants.
<br /> �+l�. B. "Co promptly dcliver to L.cndcr nny notires that Grantor reccives from the holdcr.
<br /> C. Not to allow any modification or cxtcnsion of,nor to requcst any futurc advanccs under any notc or agreemcnt
<br /> . securr,d by tlie licn document without Lender's prior written consent.
<br /> 8, CLAIMS AGAINST T1TLE.Grantor will pay All taxcs,assessments,liens, encumbranccs, Icase payments, ground
<br /> • rents,utilities,and other chargcs relating to the Property whcn duc.Lc:ndcr may requirc Grantor to provide to Le:nder
<br /> _ ' copies of all notices that such amounts are due und thc receipts evidencing Grantor's payment. Grantor will defend
<br />- ' titic to the Property ngainst any claims that would impair the lien of this Security Instrument.Grantor agrees to essign
<br />•-"---�- iu I.c:ueta�,a�r�qu�sccd�y L;.nd�r,sr.; r:;hts,d3in,��,r defenses Grantor may have a�ainst parties who supply labor
<br /> or materials to maintain or improve the Propeny.
<br /> 9. DUF.ON SALE OR ENCUMBRANCE.Lendcr may,at its option,declare thc cntire balancc of the Secured Debt to
<br /> . . be immediately due and payable upon the crea�ion of,or contract for thc crcation of. any lien,encumbrance,transfer
<br /> or sale of thc Property.This right is subjcct to thc restrictions impo�u�Uy fedcral law(12 C.F.R,591),as applicablc. _ -.-- .
<br /> i1 r, This covenant shnll run with the Property and shall remain in effcct until the Secured Debt is paid in full and this
<br /> �'� Security Instrument is released.
<br />��''•`"'"� ' 10. PROPFRTY CONDITION, AI.TERATIONS AND lNSPECTION.G rantor will kccp thc Froperty in good
<br />' °y' „ condition and makc all repnirs that arc rcasonably neccssary. Grantor shall not commit or allow any wastc,
<br /> ' "', � �'" impairment,or deterioration �f thc Property.Grantor will kecp tlic Property frcc of noxious�vecds and grasscs.
<br /> • ' Grantor agrccs that thc naturc of thc occupancy and usc will nat substantially changc without LcnJcr's prior written
<br /> � � �. consent,Grantor will not permit any change in any licrnse,restrictive covenant or eascment without Lender's prior
<br />:,:'. �; . writtcn conscnt.Grantor will notify I.endcr o(all dcmands,proccedings,claims,and actions a�ainst Grantor,and of
<br />-;> � . �x�.. _ any loss or damagc to thc Property.
<br />+�^ • Lcnder or Lendcr's agcnts mey,at Lendcr's option, cntcr the Property at any rcasonnblc timc for thc purposc of
<br /> � • - inspccting thc Property. Lcndcr shall givc Grantor noticc at thc timc of or bcforc an inspcction spccifying a
<br />. � rcasonable purpose fc�r thc inspcction. Any inspcction of the Property shall be entirely for Lcnder's bcnefit .md
<br />-,�, Cirantor will in nu wuy roly un L.cndcr's inspccui.n. --
<br /> � ' 'r. � I1. AUTHORiTY TO PLRtORM. If Grantor(ails to perform any duty or any of the �ovenants contained in this
<br />-�., • Securiry Instrumcnt,Lcndcr may,withcwt naticc,perform or causc thcm to bc per[ormcd.Grantor appoints Lcndcr
<br />��� ; � .. �� as nttorncy in fact tu sign Grxntor's n�mc or pay�iny<imount ncccssary for performancc.I_cndcr's right to perform for
<br /> Grantor shall not crc�►tc an uhligution to �crfurm, xnd Lcndcr's failurr to perform will not prccludc Lcndcr from
<br /> ' :. • cxcrcising any of Lcndcr's uthcr rights undcr lhe l�iw c�r this Sccurity Instrumcnt.If any ccrostruction on thc Proporty is
<br /> : discontinued or not rarricd on in a reason<iblr mannrr, Lcnder may takc aU steps necessary tu protcct Lcnder's
<br /> : sccurity intcrest in tl�c Property,includingcumplction of thc construction. —
<br /> .� 12. ASSIGNMCNT OF I.GASI:S ANl)RENTS.Grantor irrc�•ucably grants.cc�uvcys and sells to Trustcc,in trust for thc �.__
<br /> - bcncfit of I.cndcr,ati xd�iition�l sccurity all thc right, titic ,ind intcrest in�+nd tc�any and all cxisting or futurc:Icases. �-=-
<br /> sUbIC85C5. �+nd any other «�ritten ur vcrbxl agrecments feir Ih��usc and uccupancy of ciny porlion of the Property.
<br /> including any cxtcnsions,rrncwals,mcxiifications or substitutic�ns of such u�;rccmcnts(all rcfcrrcd to as"Lcascs")and --_
<br /> rcnts, issucs �ind profits (all rcfcn•cd to as "Rcnts"). Grantor will promptly providc Lcndcr with truc and corrrrt
<br /> cc�pies of all existing and futurc I,ca�cs. Grantor may collect,rcccivc,cnjoy and use thc Rcnts so lon�,u Grantur is not
<br /> in dcfault undcr thc tcrms of this Srcuritp Ins�rumcnt.
<br /> Grantor ackno�vlydgcs that this assignmcnt is perfcctcd upon thc rccording of thi� I)rrd uf'I'rusl and that l.cnder is
<br /> cntiUcd ta nc�tify any o[ (irantor's tcn�uus to makc paymrnt uf Rcnts duc or to hcccimc duc to Lcndcr. Howrvcr,
<br /> Lcndcr agrccs that onl��on Jcf'ault will IAncicr notify(irantor.md(irantur's tcnants and m�ikc dcmand that all fuwrr
<br /> Rcnts hc paid dirccUy to Lcndcr. On recciving nuticc uf dcfault. Grantor will cndursc and �clivrr tc� Lcndcr any
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<br /> ' ..t o....�.. 6, i:....,�.,r'c n.�..�•cci�in and will t'CCCIVC anv Rcnts in trust for Lcndcr�+nd w�ill nut cc,mminglc thc
<br /> . ...... -�- fiii)iTiC,in v� a...u.., n� �........,. - t'...,-'--._.. .. . _ -- -
<br /> Kcnts ���ith any c�thcr funds.Any amuunls collcrtcd ���ill hc arplir� as pruvidccl in this Sccurity Insuumcnt. Grantor
<br /> �van�an�s tliat nu drGiult cxi�tti undcr thc Lcuscs cir any ar��licaihlc landlnrd/tcnam law.(iranlur al,u<�grccti tci maint.iin
<br /> anJ rcyuirc any tcnant tc�cumrl}��vith thc tcrms cif thc Lcasr�.�nd��{�plicahlr I.i���.
<br /> 13. 1,1?ASI?HOI.I)5: CONDOMINIUMS: PI.ANNED UNIT D[�.VI�.LOI'RiI?N7'ti.(ir:int��r a�!r�c�lu annply �viUt Ihc
<br /> ��ruvisions of any Irasc if thi� Srcurity Instrumrnl is un�i Icascliul�. If thr 1'ru�irrn� inrlu�lcs a unit in a �un�iciminium
<br /> i�T a �ilannr�l unit Jcvcicipmcnl. (�r�►nl„r a•ill perfurm all c�l(iranlur'x clulir�t►ndrr Utr cu�rnantti.h��-laws. ur
<br /> rcgulatiuns i�f thc runduminium nr{�Innnrcl unit .lcvclupmrnt.
<br /> • 14. D!?I�AUI.T.Urantur��•ill hr in dcfault if a�n•��:+ny uhli�,alcit rn thc tirrurrd f)cht lails tu m:►kr�r.q•mrnl whrn Jur.
<br /> i (irantur «•ill h� in dcfuuh if a hrcarh urcurs undcr lh� lcrms ul Ihi� tirr�.irit�•Intitrumenl ur an)•�uhrr �lu�wiicnt
<br /> (pago 2 ot 4)
<br /> @)IY9E B0n4M9 SY51C�ns In� 5�Cload.MN ibppp331.23di1 Fo��n Nf Ol NE 669�
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