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<br />B. All future advances from Beneficiary to Tmstor or otter future obligations of Tmstor to Beneficiary under any
<br />promissory note, contract, gguuaranty, or other evidence of debt executed by Truster in favor of Beneficiary
<br />executed after this Security Moument whether or not this Security Instrument is specifically referenced. If more
<br />than one person signs this Security I uniument, each Tmstor agrees Unit this Security Instrument will secure all
<br />future advances and future obligations that are given to or incurred by any one or more Tmstor, or any one or
<br />more Tmsror and others. All future advances and other future obligations are secured by this Security Instrument
<br />even though all or part tray not yet be advanced. All future advances and u Wei future obligations Me secured as if
<br />made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to
<br />make additional or more loans or advances in any amount. Any such conmritment must be agreed to in a separate
<br />writinygp.
<br />C. All orL obligations T tu aster owes to Beneficiary, which may later arise, to the extent riot prohibited by law,
<br />including, but t limited to, liabilities for overdrafts relating to any deposit account agreement between Tstor
<br />and Beneficiary_
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preservi4 or otherwise
<br />protecting We Property and its value mil any other sums advanced and expenses incurred by Beneficiary under the
<br />terms of this Secnrily Insurmlrent.
<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to arty additional
<br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the
<br />Tmstor'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. Torsion a ees that tic covenants in this section arc material obligations under the
<br />Secured Debt and this Sect rlty Instmnucnt. If Tmstor breaches any Covenant in this section, Beneficiary nay refuse to
<br />make additional extenmos of credit and reduce the credit limit. By not exercising other remedy on Truster's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again.
<br />Payments. Tmstor agrees that all payments order the Secured Debt will be paid when due and in accordance with the
<br />terns 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
<br />that coaled a prior security interest or encumbrance on the Properly, Truslor agrees to make all payments when due and
<br />to perform or comply with all covenams. Tmstor also agrees not to allow any modification or extension of, nor to
<br />request any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br />written approval.
<br />Claims Against Title. Tmstor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground yens, utilities, and other charges relating to the Property when due. Beneficiary
<br />may re juire'I'rustnr to provide to Beneficiary copies of all notices that such amounts me due and the receipts evidencing
<br />Truster s payment. TroSon will defend title to the Properly against any claims that would impair the lien of this
<br />Security instrument. Tmstor agrees to assign to Beneficiary , as requested by Benaeficiary , any rights, claims or defenses
<br />Truster may have against parties who supply labor or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Tmstor will keep the Property in good condition and make ail
<br />reports that are reasonably necessary. Tmstor shall not coconut or allow any waste, impairment, or deterioration of the
<br />Property . Truster agrees that the mature of the occupancy And use will not substantially change without Beneficiary's
<br />prior written consent. Tmstor will not permit any change in may license, restrictive covenant or easement without
<br />Be. ficiary's prior written consent Tmstor will notify Beneficiary of all restrictive
<br />proceedings, claims, mid actions
<br />against Tmstor, and of any loss or damage to We Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at mry reasonable time for the
<br />purpose of inspecting the Property- Beneficiary shall give Tm me stor notice at the ti of or before an inspection
<br />specifying a masoable purpose for the tnspedimm. Any inspection of the Property shall be entirely for Beneficiary's
<br />benefit and Tmstor will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. If Tmstor fails to perform any duty or any of the covermas contained in this Security
<br />lnSlmment, Beneficiary tray, without notice, perform or cause tben to be performed. Tmstor appoints Beneficiary as
<br />attorney in fact to sign Trusmr's name or pay any amount necessary for performance Beneficiary s right to perform for
<br />Tmstor stall not create an obligation In perform, and Benefciay s failure to perform will tut preclude Beneficiary
<br />from exercising any of Beni ficiay's other rights under the law or I s Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Tmstor agrees to comply with the provisions of any lease
<br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit
<br />development, m
<br />Tstor will perform all of Tmstor's duties under the covenants, by -laws, or regulations of the
<br />condominium or planned moil development.
<br />Condemnation. 'Tmstor will give Beneficiary yrompt notice of any pending or threatened adios, by private or public
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means.
<br />Truster authorizes Beneficiary to intervene in Truster's name in any of the above described actions or claims. Trusror
<br />assigns to Beneficiary the proceeds of arty, award or claim for damages connected with a co r1cro ation or other taking of
<br />all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this
<br />Security Instrument This assigrmuent of proceeds is subject to Lhc terns of any prior mortgage, deed of trust, security
<br />agreement or other lien document.
<br />Insurance. 'Tmstor shall keep Property insured against loss by fire, flood, theft and other havm ds and risks reasonably
<br />associated with the Property due to its type mad location. This insm once shall be maintained in the amounts and for the
<br />periods that Beneficiary requires The insurance caner providing the imsm ace, shall be chosen by Tmstor subject to
<br />Beneficiary's approval, which shall not be unreasonably withheld. If Truster fails to maintain the coverage described
<br />above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Properly
<br />according to the terns of this Security Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "ntongage clause'
<br />and, where applicable, "loss payee clause." Truster shall immediately notify Beneficiary of cancellation or termination
<br />of the insurance. n m
<br />Beeficiary shall have the right hold the policies and renewals. If Beneficiary requires, Truster shall
<br />inmiediately give to Beneficiary all receipts of paid premiums mad renewal notices Upon loss, Tmstor shall give
<br />immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately
<br />by Truster.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or
<br />to the Secured Debt, whether or not then due, at Beneficiary's option_ Any application of proceeds to principal shall nut
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment Any excess will be
<br />paid to the Tmstor. If the Property is acquired by Beneficiary, Trosior's right to any insurance policies and proceeds
<br />resulting from damage to U. Property before the acquisition slall pass to Beneficiary to the extent of the Secured Debt
<br />immediately before the acquisition �_ (p epy 2 of 4)
<br />Q,999 PenNxz EYnans, Inc., SL QouJ, MN Fe,m OfhPEei NE 1/19/88 5 ��
<br />® -nor ¢6(NE) (9eozl
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