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<br /> B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br /> promissory note,contract,guaranty,or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br /> after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one
<br /> person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future
<br /> advances and future obligations that are given to or incurred by any one or more Trustor,or any one or more Trustor
<br /> and others.All future advances and other future obligations are secured by this Security Instrument even though all
<br /> or part may not yet be advanced.All future advances and other future obligations are secured as if made on the date
<br /> of this Security Instrument.Nothing in this Security Instrument shall constitute a commitment to make additional or
<br /> future loans or advances in any amount.Any such commitment must be agreed to in a separate writing.
<br /> C: All other obligations Grantor owes to Lender, which may later anse, to the extent not prohibited by law,
<br /> including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between
<br /> Grantor and Lender.
<br /> D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br /> protecting the Property and its value and any other sums advanced and expenses incuned by Beneficiary under i
<br /> the terms of this Secunty Instrument.
<br /> In the event that Lender fails to provide any necessary notice of the right of rescission with respect to any
<br /> additional indebtedness secured under paragraph B of this Section,Lender waives any subsequent securrty interest
<br /> in the Grantor's principal dwelling that is created by this Security Instrument (but does not waive the security
<br /> interest for the debts referenced in paragraph A of this Section).
<br /> 5. DEED OF TRUST COVENANTS.Trustor agrees that the covenants in this section are material obligations under
<br /> the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may
<br /> refuse to make additional extensions of credit and reduce the credit limit.By not exercising either remedy on Trustor's
<br /> breach,Beneficiary does not waive Beneficiary's right to later consider the event a breach if rt happens again.
<br /> Payments.Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with
<br /> the terms of the Secured Debt and this Security Instrument.
<br /> Prior Security Interests. 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, Trustor agrees to make all
<br /> payments when due and to perform or comply with all covenants.Trustor also agrees not to allow any modification
<br /> or extension of, nor to request any future advances under any note or agreement secured by the lien document
<br /> without Beneficiary's prior written approval.
<br /> Claims Against Title. Trustor will pay all taxes (including any t� assessed to this Deed of Trust), assessments, liens,
<br /> encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due.
<br /> Beneficiary may require Trustor to provide to Beneficiary copies of all norices that such amounts are due and the
<br /> receipts evidencmg Trustor's payment. Trustor will defend title to the Property against any claims that would impair
<br /> the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights,
<br /> claims or defenses Trustor may have against parties who supply labor or matenals to maintain or improve the
<br /> Property.
<br /> Property Condition,Alterations and Inspection.Trustor will keep the Property in good condition and make all repairs
<br /> that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the
<br /> Property. Trustor agrees that the nature of the occupancy and use will not substanrially change without Beneficiary's
<br /> prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without
<br /> Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions
<br /> against Trustor,and of any loss or damage to the Properly.
<br /> Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the
<br /> purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection
<br /> specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's
<br /> benefit and Trustor will in no way rely on Beneficiary's mspection.
<br /> 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
<br /> for Trustor shall not create an obligation to perform,and Beneficiary's failure to perform will not preclude Beneficiary
<br />� from exercising any of Beneficiary's other rights under the law or this Security Instrument.
<br /> Leaseholds;Condominiums;Planned Unit Developments.Trustor agrees to comply with the provisions of any lease if
<br /> this Security Instrument is on a leasehold. If the Property includes a unit in a condomimum or a planned unit
<br /> development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the
<br /> condominium or planned unit development.
<br /> Condemnation.Trustor will give Beneficiary prompt notice of any pending or threatened action,by private or public
<br /> entities to purchase or take any or all of the Property through condemnarion, eminent domain, or any other means.
<br /> Trustor authorizes Beneficiary to intervene in Trustor's name m any of the above described actions or claims.Trustor
<br /> assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking
<br /> of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this
<br /> Security Instrument.This assignment of proceeds is subject to the terms of any prior mortgage,deed of trust,security
<br /> agreement or other lien document.
<br /> Insurance. Trustor shall keep Property insured against loss by fire,flood,theft and other hazards and risks reasonably
<br /> associated with the Property due to rts type and location.This insurance shall be maintained in the amounts and for the
<br /> periods that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to
<br /> Beneficiary's approval,which shall not be unreasonably wrthheld. If Trustor fails to maintain the coverage described
<br /> above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property
<br /> according to the terms of this Security Instrument.
<br /> All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause"
<br /> and,where applicable,"loss payee clause."Trustor shall immediately notify Beneficiary of cancellation or termination
<br /> of the insurance.Beneficiary shall have the right to hold the policies and renewals.If Beneficiary requires,Trustor shall
<br /> immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br /> immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made
<br /> immediately by Trustor.
<br /> Unless otherwis�agreed in writing,all insurance proceeds shall be applied to the restoration or repair of the Property
<br /> or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal
<br /> shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any
<br /> excess will be paid to the Trustor. If the Property is acquired by Beneficiary,Trustor's right to any insurance policies
<br /> and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the
<br /> Secured Debt immediately before the acquisition.
<br /> (page 2 of 4)
<br /> �1994 Bankers Systems,Inc.,St.Cloud,MN Form OCP-REDT-NE 10/7/98 . �..�P�
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