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200303704
<br />3. MAXIMUM OBLIGATION LIMIT. The Total principal amount secured by this Security Instrument at any onetime shall not
<br />exceed �$ C'1[1� ` This limitation ofamount does not include interest and other t'ecs and charges
<br />volidly made pursuant to this Security Inslruotent. Also, this limitation does not apply to advances made under the terms of this
<br />Security Instrument to protect Beueficiary's security and to perform any of the covenants contained in this Security Instrument
<br />4. SECURED DEBT AND FUTURE: ADVANCES. The lean "Secured Debt" is defined as fellows:
<br />A. Debt inewred under the terms of all promissory notc(s), contmct(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, medlf )cations or substitutions. (Fort must spceifiwfly id"alf, the debt(')
<br />sermwd m,dymt shoseld include lbefirm/ antolifyd ®e (Ij .vuch debt('),)
<br />B. All future advances from Beneficiary to Trustor or other future obligations of'I'faster to Beneficiary under any promissoy
<br />note, contract, guaranty, or other evidence of debt executed by Tmstor in favor of Beneficiary after this Security lush Linear
<br />whether or nor this Security Instrument is specifically referenced. I f more than one person signs'1'his Security Instrument,
<br />each 'I'rustor agrees that this Security Instrument will secure all future advances and future obligations that are given to or
<br />incurred by any one or more Trustm, or any one or more Trustor and others. All future advances and other frone obligations
<br />are secured by this Security Instrument even though all or part may net yet be advanced. All future advances and other future
<br />obligations ore secured as if made on the dater Ilia Security Instrument. Nothing in this Security Instrumcni shall constitute
<br />a commitment to make additional or future leans m advances in any amount. Any such commitment must be agreed Loin u
<br />separate writing.
<br />C. All other obligations Trustor omus to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not
<br />limited to, liabilities for over relating to any deposit account agreement between I 'rusmr and Beneficiary.
<br />D. All additional sum, advanced rind expenses incurred by lieneficiary for insuring, Iteseiving or otherwise protecting the
<br />Property and its value and u ry other suns advanced and expenses incurred by Beneficiary under the terms of the Security
<br />Instrument.
<br />Iu the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional
<br />mdcbtedacss secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the I moor's
<br />principal dwelling that is crewed by this Security Instrument (but does not waive the security vier est for the debts referenced in
<br />paragraph A ordains section).
<br />5. DEED OF TRUST COV ENAN'f9. Trustor ugrees [hot the covenant s in this section are material obligatiuns under the Secured
<br />Debt and this Security Instrument. II I i 'ustor breaches any ccvertut in this section, Beneficiary may refuse to make additior al
<br />extensions of credit and reduce the credit hmn. By not exercising either remedy on Trifler's breach Beneficiary does not wawa
<br />Beneficiary's right to later consider the event a breach if it happens again.
<br />Payments. Truster agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the
<br />Secured Debt and this Security fnstmmeni.
<br />Prior Security Interests. With regard to any other mortgage, decd of trust, security agreement or other ben document hat created
<br />a prior security interest or encumbrance on the Property,'Ifaster agrees to make all payments when due and to pertorrn or comply
<br />with all covenants, Truster also agrees not to allow any modification or extension of, nor to request any future advances under any
<br />nom or agreement secured by the her document without Beneficiary's prior written approval.
<br />Claims Against Title. Truster will pay al I taxes (including any lux assessed to this Decd of Trust), assessments, hens
<br />encumbrances, locie Payments, ground rents, utilities, sad other charges relating to the Property when one Better dory may require
<br />Trustor to provide to Beruficiary critics of all notices that such amounts are due and the receipts evidencing T' alre "s Poynam.
<br />Trustor will defend title to the Property againa any claims that would impair the lien ofthis Security Ins'Itument. Trustor agrees to
<br />assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against panics who supply Tabor
<br />or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and niche all rcpuirs that are
<br />reasonably necessary. 'Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor agrees that
<br />the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trusmrwhl nut
<br />pemdt any change in any hcer,e, restrictive covcnenl or casement without Beneficiary's prior wrinen consent 'I'ruiion will mify
<br />Beneficiary of rill demands, proeeedmgs, claims, and actions against Trustor, and of any loss or damage to the Property .
<br />Expeream Cd1994 Bankers Systems, Inc, St. Cloud, MN Form USBOCP -DT -NE 9/5/2001
<br />(page 2 of G)
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