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<br />B. All future advances contract, suarantyrortotherr evidence other
<br />f debt executed by Trustor n favoroof Beneficiary executed
<br />d
<br />promissory n g th one
<br />after this signs this Security Ientrumen,each Trustor agrees that this Security specifically will secure all future advances
<br />person s g one or more Trustor, or any one or more Trustor and
<br />and future obligations that are given to or incurred by any
<br />others. All future be advances and other advanced. All future re obligations and other future obllgationseareisecur d asiftm even de on the date of
<br />part may not yet
<br />this Security Instrument. e iNothing amo nthlAnyesuch comInstrument ment must be agreed to n commitment parate writ og e additions or
<br />future loans or Ila
<br />C. All obligations Trustor
<br />bilities forsoveBeneficiary,
<br />draft crel tirig t an may posit account agreement'�between Trustor and Beneficial .but
<br />not limited to, liabilities y reservin or otherwise protecting
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, p g
<br />the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of
<br />rescission.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and this Security Instrument.
<br />6. WARRANTY OF TITLE. Trustor iht warrants that grantor is or and e la,% Prloperty o Trustee, in trust nw th power of
<br />Security Instrument and has t g
<br />sale. Trustor also warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS With interest regard to any on the mortgage, of trust, t, security agreement or other lien
<br />document that created a prior security
<br />A. To make all payments when due and to notices that Trustor with all es from the holder.
<br />B. To promptly deliver to Beneficiary any
<br />. nsion of, nor to request any future advances under any note or agreement
<br />C. Not to allow any modification or exte
<br />secured by the lien document without Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TITLE. st 1 taxes, due. y r q i or i
<br />in g to eP opertywhe Beneficiary liens, Trustor payments, provide Beneficiary
<br />utilities, and other charges
<br />ces lhc eit( u sor s ri
<br />copies of all notices that such amounts are due
<br />pair thelin of tis Scury Instrument. Trustor agrees assign to
<br />the Property against any would hat im
<br />inst parties who supply labor
<br />rights, claims or defenses Trustor may have aga
<br />Beneficiary, as requested by Beneficiary, any g
<br />or materials to maintain or improve the Property. are the
<br />9. DUE ON SALE OR ENCUMBRANCE. a payable he creation Beneficiary at its
<br />foptio creation of, anytlien ,aencumbranceStransferporsale
<br />be immediately due and p y upon applicable. This
<br />of the Property. This right is subject to the restrictions imposed by federal law (1e C.F.R. in l app
<br />covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security
<br />Instrument is released.
<br />10. PROPERTY CONDITION, AT necessary. AND I hall not com commit orsallowilanyeWas ee impairment,gorodeteriorat on of
<br />make all repairs that are y the
<br />the Property. Trustor will
<br />not substantiallyc hanee without Beneficiary's prior written consent. Trustoriawill not aperm f any
<br />occupancy and use well
<br />change c any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor well notify
<br />Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents
<br />eneficiary at Beneficiary's Trustor tion, enter he Property
<br />of or before an inspection rspec purpose sa
<br />of inspecting the Property. ,
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor
<br />will in no way rely on Beneficiary's inspection.
<br />11. AUTHORITY TO PERFORM- If Trustor fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustor's name or pay any amount necessary for performance. Beneficiary's right to perform for
<br />Trustor shall not create an obligation rights e rider tand Beneficiary's
<br />this ecurity Instrument. trpmeeni If any construction on the Property is
<br />exercising any of Beneficiary'
<br />discontinued or not carried on in ncludingncompletion eof thericonstruct on take all steps necessary to protect Beneficiary's
<br />security interest in the Property,
<br />12. ASSIGNMENT OF LEASES iANDseRcuErity all the Trustor irrevocably an interest nand to any sells
<br />an d all exr sting or future leases,
<br />benefit of Beneficiary, as a onion of the Property, including
<br />subleases, and any other written or verbal agreements for the use and occupancy of any p issues
<br />any extensions, renewals, modifications (ions oTrutortwill prompt y providenBeneficary referred th to as true "Leases")
<br />and correct copies of all
<br />and profits (all referred to
<br />existing and future Leases. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in default under
<br />the terms of this Security Instrument. on
<br />Trustor acknowledges that this
<br />tor sg me is s pmake paymenttof Rents dueoorttiosbecome due to Benef ciary. However,
<br />entitled to notify any of Tru
<br />Beneficiary agrees that only on e Beneficiary. receiving notice of defaults' Trustor will endorse and deliver to Beneficiary
<br />future Rents be paid directly
<br />any payment of Rents in funds. Any amounts collected ed will be applied as trust for
<br />this Security Instrument. Trustor iwarrants
<br />Rents With any other fu y
<br />that no default exists under h the terms of the Leases applicable able law.
<br />law. Trustor also agrees to maintain and require
<br />any tenant to comply
<br />13. LEASEHOLDS; CONDOM leasehold. InsPtrumentE is on UNIT a leash o d. If the PE perty includes a agrees
<br />t in a condominium or a
<br />provisions of any lease if t y
<br />planned unit development, Trustor will perform all of Trustor's duties under the covenants, by -laws, or regulations oft the
<br />condominium or planned unit development.
<br />(Page 2 of 4)
<br />`0 1994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10/27/97
<br />C1651NE) (9808).01
<br />
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