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�13. 200003641 future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under an missory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary execute r this Security Instrument whether or not this Security Instrument is specifically referenced. If more than on ;on signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor an ;rs. All future advances and other future obligations are secured by this Security Instrument even though all or may not yet be advanced. All future advances and other future obligations are secured as if made on the date o Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or Ire loans or advances in any amount. Any such commitment must be agreed to in a separate writing. obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, bu limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and Beneficiary. additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this arity Instrument. Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right IENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with 1 )f the Secured Debt and this Security Instrument. tANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed by tl y Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power rustor also warrants that the Property is unencumbered, except for encumbrances of record. t SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other li °nt that created a prior security interest or encumbrance on the Property, Trustor agrees: Fo make all payments when due and to perform or comply with all covenants. Fo promptly deliver to Beneficiary any notices that Trustor receives from the holder. lot to allow any modification or extension of, nor to request any future advances under any note or agreem( ecured by the lien document without Beneficiary's prior written consent. 4S AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground ren and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Benefici, of all notices that such amounts are due and the receipts evidencing Trustor' s payment. Trustor will defend title :)perty against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign ;iary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply lab trials to maintain or improve the Property. )N SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt )ediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or s Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. TI nt shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Secur lent is released. ERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition a 11 repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration )perry. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of 1 ncy and use will not substantially change without Beneficiay s prior written consent. Trustor will not permit a in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will not ;iary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property. ;iary or Beneficiay s agents may, at Beneficiary' s option, enter the Property at any reasonable time for the purp( )ecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying ►ble purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary s benefit and Trus no way rely on Beneficiary's inspection. IORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants contained in this Security nent, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as ;y in fact to sign Trustor' s name or pay any amount necessary for performance. Beneficiay s right to perform for ,r shall not create an obligation to perform, and Beneficiay s failure to perform will not preclude Beneficiary fro Sing any of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Property is tinued or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary' ,y interest in the Property, including completion of the construction. .NMENT OF LEASES AND RENTS. Trustor irrevocably grants, conveys and sells to Trustee, in trust for the t of Beneficiary, as additional security all the right, title and interest in and to any and all existing or future leases, ses, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including :tensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases ") and rents, issue rofits (all referred to as "Rents"). Trustor will promptly provide Beneficiary with true and correct copies of all 1g and future Leases. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in default under) ms of this Security Instrument. ,r acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is d to notify any of Trustor' s tenants to make payment of Rents due or to become due to Beneficiary. However, ciary agrees that only on default will Beneficiary notify Trustor and Trustor' s tenants and make demand that all Rents be paid directly to Beneficiary. On receiving notice of default, Trustor will endorse and deliver to Benefici lyment of Rents in Trustor' s possession and will receive any Rents in trust for Beneficiary and will not commingle the with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Trustor warrant default exists under the Leases or any applicable landlord/tenant law. Trustor also agrees to maintain and require nant to comply with the terms of the Leases and applicable law. EHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply. with the ions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or d unit development, Trustor will perform all of Trustor' s duties under the covenants, by -laws, or regulations of the minium or planned unit development. I 9941 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10/27/97