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99 �iog9s4 B. All future advances from Bun�ef�l�i or other e�dence of debt executed by Tru tor nSfavo�of Beneficl�u executned promissory note, contrac , g Y after this Security Secu it e Instrument,�each Trussor agrees thatnth s 1Securitylc nstrument wll se u�eeall fut re person signs this Y, one or more Trustor, or any one or more Trustor advances and future obligarions that aze given to or incurred by any and others. All future advances All future dvances and other future obll�a ons are secured as f made on the date or part may not yet be advanced of this Security Instrumenn.�No��t tAny suchlcommi ment must be a reed to n am eparate wri ng e addition or future loans or advances i y �� y � p law, including, C.All obligations Trustor owes to Benefici which ma later �'lde osit account agreementl between Trustor and but not limited to, liabilities for overdrafts relating to any p Beneficiary. p p D.All additional sums advanand and other sums dvanced and exlpe�s incurred by Benefciary underethe terms oef ths the Property and its valu Y Security Instrument. This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of rescission. g, pAyMENTS. Trustor agrees that a11 pa tm nstt'ument�e Secured Debt will be paid when due and in accordauce with the terms of the Secured Debt and this Secun y this 6, WAggAN'rY OF TITLE. Trustor o�'�anocably grant�convey> and elllthe Property to Trusteee in trustnw h power of Security Instrument and has the right t sale. Trustor also warrants that the Property is unencumbered, except for encumbrances of recor . 7, PRIOR SECLTRI"rY INTEREST5. Wl�est oar encu brance on the Property Trustorsagrees:rity agreement or other lien document that created a prior security mte 1 with all covenants. A.To make all payments when dueaand to not cesnthat Trustor receives from the holder. B.To promp tly deliver to Benefici ry any 4 future advances under any note or agreement C.Not to allow any modification or extension of, nor to re uest any secured by the lien document without Beneficiary's prior wrrtten consent. 8. CLAIMS AGAINST TITLE. Trust or he Proy ertyt when due SBeneficiary m Y r qulancment Trus oTr wll'defBend ti tleo utilities, and other charges relatmg t P copies of all notices that such amounts are due and the receipts evidencmg Trustor s pay 1 labor the Pro�erty against any claims that `'�'andri htsl claimslor defe ses Trustor maythavle aga nst panie�who supp ygn to Beneficiary, as ree�uested by Beneficiary, y g or materials to mamtain or improve the Property. 9. DiTE ON SALE OR ENCUMBRANCE. Beneficiary may, at its o tion, declare the entire balance of the Secured Debt to y licable. This be immediately due and payable uPub'ect to the�est i�ctions nmp sed�bylfederal 1 w (12 C.FeR'. 591)mas pp' trans er or sale of the Property. This nght is s � covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Securrty Instrument is released. in ood condition Trustor shall not commit or a1l�ow any waste, impairment, or 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION• �T ousrweedskand grasses.pTrustor agrees that the and make all repairs that are reasonably necessary. rior written consent. Trustor will not deterioration of the Property. Trustor will keep they roperte without Beneficiary's�p p nature of the occupancy and use will not substantiall chang loss or damage to the ernut any change in any license, restrictive co senan i�e and actions against Trustor,s and of any n consent. Trustor wi • notify Beneficiary of all demands, proceedmg , Property. reasonable time for the�urpose Beneficiary or Beneficiary's agents may> at Beneive Trustortlno'ticetat tthePime of or before an inspection specify mg a of inspectmg the Property. Beneficiary An�lins ection of the Property shall be entirely for Beneficiary's benefit and reasonable purpose for the mspection. y P . Trustor will in no way rely on Beneficiary's mspection. of the covenants contained in this Security 11. AiJTHORITY TO PERFORM• If Trustor fails to perform any duty or any Instrument, Beneficiary may> without notice, perform or cause them to b�}�e�oan edBe efic�ary�sP�ght oenerfor�m om attorney in fact to sign Trustor's name or pay any amount necessary for p f Trustor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Bene iciary exercising any rotect Beneficiary's of Beneficiary s other re�to able rmanner, Benefic Sary?n y take allesteps ne ess�aryt ocp on on the Prope y is discontmued or not carried on m a security interest in the Property, including completion of the construction. and all existing or future leases, 12. ASSIGNMENT OF LEASES AND RENT�1Thesright�t tle and inteest n and to any sells n of thetProperty inc uding benefit of Beneficiary, as additional secu y ortio subleases, and any other written or verbal agreements for the use and occupancy of any �� ' 1 rom tl provide Beneficiary with true and coo in default under any extensions, renewals, modifications oT�bsotitu�iinPof sPcy agreements (all referre to as "Leases") and rents, issues and profits (all referred to as Rents ). and use the Rents so long as Trustor is n existmg and future Leases. Trustor may collect, receive, en�oy the terms of this Security Instrument. However, Trustor acknowledges that this assignme�s toPmakete ayment of Rent ddue orttosb ome dt andBma�e d mand th�a11 entit le d to no t i f y an y o f T r u s t o r s t e n an � no ti T r u s t o r an d T r u s t o r s t e n an Beneficiary agrees that only on default will Beneficiary f Y ° ssion and will receive any Rents in trust for Beneficsary rand Instrument.T�rusgor future Rents be paid directly to Beneoissary: On receivmg notice of default, Trustor will endorse and deliver to Bene i c i a ry an payment of Rents in Trustor s p lied as rovided in this Y theRents with any other funds. Any amounts collected will be app P warrants that no default exists under the Leases or an applicable�ndlord/tenant law. Trustor also agrees to mamtain an e es atid a�pl�able law. require any tenant to comply with the terms Q�fl� 1 Wl� �e CONDOMINIUMS� PLANNED U1�IT DEVELOPMENTS• Trustor agrees to comp y. 13. LEASEHOLDS; p laws, or regulations of the provisions of any lease if this Secnr�y11Inset f��1 of Trustor's duties under�the cov nantssby-nit in a condommium or a planned unit development, Trusto P condominium or planned unit development. (page 2 of 4I m1994 Bankers Systems,Inc.,St.Cloud,MN (1-800397-2341) Form RE-DT-NE 70/27/97 i