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<br />B. All future advance, Cloth Beneficiary to 'Irustor Or other future obligations of Trustor to Beneficiary tinder any
<br />vromissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Security Instrument, each Truster a revs that this Security Instrument will secure all future advances and future
<br />obligations that are given to or incurretl by any one or more Truster, or any one or more Truster and others. All
<br />future advances and other future obligations are secured by this Security Instrument even though all or part may not
<br />yyet be advanced. All future advances and other future obligations are secured as if made on the date of this Security
<br />Instrument- Nothing in this Security Instrument shall constitute a commitment 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 the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and
<br />Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<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 />In the event that Beneficiary Coils 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 />Truster's principal dwelling that is created by this Security Instrument (but does not waive the security interest for the
<br />debts referenced in paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Tmshlr agrees that the covenants in this section are material obligations under the
<br />Secured Debt and this Security Instrument. If Irustor breaches any covenant in this section, Beneficiary may refuse to
<br />make additional extensions of credit and reduce the credit limit By not exercising either remedy on Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again.
<br />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 />Prior Securfty 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 to make all payments when due and to
<br />perform or comply with all covenants. Trustor also agrees not to allow an� modification or extension of, nor to request
<br />any future advances under any note or agreement secured by the lien a ocumcnt 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 tents, utilities, and other charges relating to the Property when due. Beneficiary
<br />may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the rcempls evidencing
<br />Tmstor s payment. Tmstor will defend title to the Property against any claims that would impair the Hen of this Security
<br />Instrument. Tmstor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to maintain or improve the Properly -
<br />Property Condition, Alterations and Inspection. Tmstor will keep the Property in good condition and make all repairs
<br />that arc reasonably necessary - Trustor shall not commit or allow any waste, impairment, or deterioration of the Property -
<br />'Irustor afm
<br />rs that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br />Consent. castor will not pemut any change in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. 'Tmstor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and uC
<br />any loss or damage to the Property
<br />Beneficiary or BenefiCiary's aggents may, at Beneficia 's option, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property- IIeneficiary shall give Tmstor notice at the time of or before an inspection specitymg a
<br />reasonable purpose for the inspection. Any Inspection of the Property shall be entirely for Beneficiary's benefit and
<br />Trustor will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. It truster fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact
<br />to sign 11'mator's name or pay any amount necessary for performanee. Beneficiary's right to perform for Trustor shall not
<br />create an obligafion to 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 provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit development,
<br />Trustor will perform all of '1'rustor's duties under the covenants, by -laws, 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 In purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Tmstor
<br />authorizes Beneficiary to intervene in Transfer's name in any of the above described actions or claims. Tmslor 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 />ppan of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />instrument This assignment of proceeds is subjccl to due terms of any prior mortgage, deed of trust, security agreement or
<br />other lien document.
<br />Insurance. Trustor shall keep Property insured, against loss by fire, flood, theft and other hawards and risks reasonably
<br />associated with die Property due to its type and location. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Tmstor 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 Trustor fads 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 local of this Security
<br />Instrument.
<br />All insurance FFolicies and renewals shall be ace:ptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where appficabIn, "loss payee clause." Tmstor shall immediately notify Beneficiary of cancellation or termination oC the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. It Beneficiary requires, 'Trustor shall
<br />immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate nuta c to the insurance carrier and Bean iciary. Beneficiary may make proof of loss if not made Immediately by
<br />T roster
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<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 cnchriary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Trustor. It the Properly is acquired by Beneficiary, 'truster's right to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent o the Secured Debt immediately
<br />before the acquisition. v,y, y & qi
<br />_. n,994 B,,keo SV9-1, I1c, 9t Cl,,d, MN From VGYNEeT- NE10002002
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