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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Truster to Beneficiary under any
<br />promissory note, contract, gainsay, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrument whether of not this Seem Instrument is sppeeccifically referenced. If more than one person signs
<br />this Security Instrument, each Trusty[ agrees that this Security Instrument will secure all future advances and future
<br />obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor and others. All
<br />future advances and other future obligations are secured by this Security Instrument even though all or part may act
<br />yj', be advanced. All future advances end other future obligations are secured as if made on the date of this Security
<br />lostruntea. Nothing in this Security Instrument shall constitute a ca mu m or to make additional or future loans or
<br />advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All other obligations Trustor Owes to Beneficiary, which may later arise, m tine extent rut prohibited by law,
<br />including, but rut limited to, liabilities for overdrafts refining to any deposit arrow, agreement between Pastor and
<br />Beneficiary.
<br />D. All a khriouat sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sure advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
<br />In the event that Beneficiary fails in provide any necessary notice of the right of rescission with respect to any additional
<br />indebtedness secured under I;wxgmph B of this Section, Beneficiary waives any subsequent security interest in the
<br />Trusmr's principal dwelling that is created by this Security Imttume, (but does not waive the security interest for the
<br />debts reference paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations order the
<br />Secured Debt and this Security Instrument. If raster breaches any coven, in this section, Beneficiaryry may refuse to
<br />make additional extensions of credit and reduce the credit limit. 13y rut exercising either remedy on Trusmr's breach,
<br />Beneficiary dues not waive Beneficiary's right m later consider the event a breach if it happeas again.
<br />Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />[eons 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 document that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees in make all payments when due and to
<br />perform or comply with all covenants. Trustor also agrees not to allow m modification or extension of, or m request
<br />any future advances under any note on agreement secured by the lien document without Beneficiary's prior written
<br />approval.
<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground reins, utilities, and other charges relating to the Property when due. Beneficiary
<br />way require Trustor to provide to Bencficlary copies of all notices that such amounts are due and the receipts evidencing
<br />Trustor s par M. Trustor will defend title m the Property against an claims that woad impair the lien of [his Security
<br />instrument. aav agaainssttparties who supply labor ornmateul's to maintains or improve the Property fights, claims or defenses Trustor
<br />Property Condition, Alterations and Inspecho. 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 mpairment, or deterioration f the Property.
<br />Trustor agrees that the aware of the occupancy and use will not substaatally change without Beneficiary's rior written
<br />consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beaefica%s option, enter the Property at my reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give Trusmr notice a the time of or before an inspection specifying a
<br />reasonable purpose for me inspection. Any inspection of the Property shall be entirely for Beneficiary's beneiiit and
<br />Trustor will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them in be performed. Trusmr appoints Beneficiary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's right to perform for'I'mstor shall rut
<br />create an obligation [n perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the yrovisions of any lease if
<br />this Security Instrument is on a leasehold. If rite Property includes a unit a a coadomtmum or a planned unit development,
<br />Trustor will perform all of'1'[ustor's duties under the covenants, by -taws, or regulations of the condominium or planned
<br />unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br />entities m purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor
<br />authorizes Beneficiary m intervene in Toaster's note in any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall he considered payments and will be applied as provided in this Security
<br />Instrument. This assigumew of proceeds is subject to the terms of any prior mortgage, decd of trust, security agreement or
<br />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 its type and location. This insurance shag be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary re pursuant to the preceding two sentences can change during the
<br />term of the loan. The insurance carrier providing me insurance shall be chosen by Trustor subject tO eaeficary 's
<br />approval, which shall rut be unreasonably withheld. If Trustor fails m maintain the coverage described above, Beneficiary
<br />may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this
<br />Security Instrument..
<br />All insurance policies and renewals shall be acceptable m Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Truster shall immediately notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall
<br />hnmedlately give to Beneficiary all receipts of a, premums and renewal notices. Upon loss, Trustor shall give
<br />immediate notice m the insurance carrier and BenetPfriary. Beneficiary may make proof of loss if not made immediately by
<br />Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property nr to
<br />the Secured Debt, whether or not then due, a Beneficiary's option. Any application of proceeds to pruuipal shall not
<br />extend or postpone the due date of the scheduled pa men nor change the amount of any payment. Any excess will be paid
<br />to the Trustor. If the Property is acquired by Bericiary, Trustor's it m to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition. !cave z .1 4)
<br />- ^Ir 4 ©1994 8ankm 5yMma. Inc.. 3t Qe"E. MN Form Ol4'PEOT NE 1/0112003
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