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200302040 <br />B. All future advances from Beneficiary to Trustor or other future obCt�ations of Truster to Beneficiary under any <br />promissory note, ennto"T. guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this <br />ecuriry lmucconen[ whether or not this Security Instrument[ is specifically referenced - If more than one person signs <br />this Security Instrument, each Tmsmr agrees that this Security lns[rumen[ will secure all future advances and Entice <br />obligations that are given m or incurred by any one or more Truster, or any ere of more 'Tmsmr and others. All <br />fumre advances and other future obligations are secured by this Security Instrument even though all Or pan may not <br />yyet be advanced. All future advances and other fumre obhgadoas are seen" as if made on the date of this Security <br />1¢s¢wnent. Nothing in this Seeality Instrument shall coasnmm a commitment m make additional or future locus or <br />advances to any amount. Any such containment:mus[ hen,g�e it m in a separate writing. <br />C.AII other obligations Ttustot owes to'Be¢eHciary {'whkhmay later arise, to the extent not prohibited by law, <br />including, bw rat limited nm, liabit ities for <br />five <br />rdrafle relating to any deposit account agreement between Toaster and <br />Benefictary. <br />D. AB add", .1 sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting <br />the Property and its value cad any other sums advanerA and expenses incurred by Beneficiary under the terms of this <br />Security Instrument. <br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional <br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the <br />Tmstor's principal dwelling Nat is created by this Security Instrument (but does not waive the security interest for the <br />debt, o hereaced in paragraph A of this Section). <br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the <br />Secured Debt and this Security Instrument. If Tmstor breaches any covenant in this section, Beneficiarryy may refuse to <br />make additional extensions et credit and reduce the credit limit. By not exercising either remedy on Tmstor's breach, <br />Beneficiary does not waive Beneficiary's right to lame consider the event a breach if it happens again. <br />Payments. Trustor a Tees 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 />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, Truster agrees to make all payments when due and m <br />perform or comply with all covenants- Trustor also agrees not to allow any modification or extension of, nor to request <br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior written <br />approval. <br />Claims Against TStle. Truster will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, <br />encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary <br />may require Tmsmr to provide m Beneficiary copies of all notices that such amounts are due and the receipts evidencing <br />TNHmr s payment. Tmstor will defend title to the Property against any claims that would impair the lien of this Security <br />Insuuni Trusmr agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims Or defenses Taisho <br />may have against patties who supply labor or materials m maintain or improve the Property. <br />Property Condition, Alterations and Ins ectlon. 'I'rustor will keep the Property in good condition and snake all repairs <br />Nat are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. <br />Trustor a roes that the nature of the occupancy and use will not substantially change without Beneficiary's prior written <br />consent 'Tmsmr will not permit any change in any license, restrictive covenant or casement without Beneficiary's prior <br />written consent. Truster will notify Beneficiary at all demands, proceedings, claims, and actions against Tmstor, and of <br />any loss or damage to the Property. - <br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose <br />Of inspecting the Property. Beneficiary shall give Tmstor notice at the time of or before an ins ection s ecifyymg a <br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Bear iiciary 's �enefit and <br />Trustor will in no way rely on Beneficiary's inspection. <br />Authority to Perform. It Ttusmt fails to perform any duty or any of the roviatuas contained in this Security Instrument, <br />Beneficiary may, without notice, perform or cause them m be performed. Tmsmr appoints Beneficiary as attorney m fact <br />to sign Truster s wune or pay any annum necessary for performance. Beneficiary's right to erforn for Trustor shall not <br />create an obligation m perform, xnd Beneficiary's lailure m 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 provisions of any lease it <br />this Security Instrument is on a leasehold. if the Property includes a unit in a condominium or a planned unit development, <br />Tmstor will perform all of Truster's duties under the covenants, by -laws, or regulations of the condominium or planned <br />unit development. <br />Condemnation. Tmstor will give Beneficiary prompt notice of any pending or threatened action, by private or �ublic <br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Truster <br />authorizes Beneficiary to intervene in Trustor's mane 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 />Fof the Property. Such proceeds shall be considered payments and will be applied as provided in this Security <br />Instrument Phis assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or <br />other lien document. <br />Insurance. 'Trusmr shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably <br />associated with the Property due to its tyype and location. This insurance shall be maintained in the amounts and for the <br />periods that Beneficiary requires. Whal'L'cosmr requires pursuant to the preceding sentence can change during the term of <br />the loan. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which <br />shall not be unreasonably withheld. If Toaster fails to maintain the coverage described above, Beneficiary may, at <br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security <br />Instrument. <br />AIL insurance policies and renewals shall be acceptable m Beneficiary and shall include a standard "mortgage clause" and, <br />where applicable, loss payee clause." 'Iruslor a all 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, Truster shall <br />immediately give w 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 immediately by <br />Tmsmr <br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to <br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not <br />extend or postpone the due date of the scheduled pa ncot not change the amount of any payment. Any excess will be paid <br />to the Trustor. If the Property u acquired by Beneficiary, Trustee's right to any insurance ulsies and proceeds resulting <br />front damage to the Property before the acquisition shall pass to Beneficiary m the extent otPthe Secured Debt immediately <br />before the acquisition, (page z or a( <br />'x'4 r o (. 1994 eanF.,z svn.ms. n St U,,d, Mo rim ocP- XEOT -NE Vso¢003 <br />