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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, cnmrad, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br />after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one
<br />person signs this Security Instrument, each Truster agrees that this Security instrument will secure all future
<br />advances and future obligations that are given to or incurred by any one or more Tmstor, or any one or more Trustor
<br />and others. AB future advances and Other future obligations are secured by this Security Instrument even though ad
<br />or part may Out yet be advanced. All future advances and other future obligations are secured as if made on the date
<br />of this Security Instrument. Nothing in this Security Instrument shall constr ute a commitment to male additional or
<br />future loans or advances in any amount Any such commitment must be agreed to in a separate writing.
<br />C. AB obligations Trustor owes to Beneficiary, which may later arise, to the extern rut prohibited by law, including,
<br />but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and
<br />Beneficiary.
<br />D. All additional sons advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the properly and its value and any other sums advanced and expenses incurred by Beneficiary "der the terms of this
<br />Security Instrument.
<br />'Phis Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of
<br />rescission.
<br />5. PAYMENTS. Tester agrees that at payments under the Secured Debt wili be paid when due and in accordance with the
<br />terns of the Secured Debt and this Security lustrlmeN.
<br />6. WARRANTY OF TITLE. Trustor warrants Iliac Trustor is or will be lawfully seised of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to'1'mstce, in Irust, with power of
<br />sale. Trustor also warrans that the Property is unencumbered, except for encounbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. TO promptly deliver to Beneficiary any notices that Trustor receives front the holder.
<br />C. Not to allow any modification or extension of, nor in request any future advances under any note or agreement
<br />secured by the lion document without Beneficiary's prior written consent.
<br />S. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, ns
<br />he, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notice'., that such nationals are due and the receipts evidencing Tmstor's payment. Trustor will defend title to
<br />the Propery against any claims (hat would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary , as requested by Beneficiary, any rights, claims or defenses Trustor may have against panics who supply labor
<br />er materials m maintain or improve the Properly.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to
<br />be inmmediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or
<br />sale of the Property. This right is subject to the restrictions Imposed by federal law (12 C.F.R. 591), as applicable. This
<br />reversion shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security
<br />Instrument is released.
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition
<br />and make ad repairs that are reasonahly necessary. Trustor shall not coned[ or allow any waste, impaimem, or
<br />deterioration of the Property. Trustor will keep the Property free of anxious weeds and grasses. Trustor agrees that the
<br />nature of the occupancy and use will not substantially change without Beneflciarryy s prior written comae. Trustor will not
<br />permit any change in any license, restrictive covenant or easement without Bmeficiary's prior written consent. Trustor will
<br />firm Beneficiary of all demands, proceedings, clahns, and actions against Trustor, and of any loss or damage to the
<br />Property.
<br />Beneficiary nr Beneficiary's agems ntay, at Beneficiaryy a option, enter the Propemy at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary ' shall give Trustor notice at the time of (it before an ineppaafirm sppeecckfy prig a
<br />reasonable purpose for the inspeclion. Any inspection of the Property shall be entirely for Beefieiary's hone tit and
<br />Tmstor will in nu way rely on Beneficiary's inspection.
<br />11. AUTHORITY TO PERFORM. If Tmstor fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may without notice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustor's nine or pay any anmoant necessary for performance. Beneficiary's right it) perform for
<br />Trustor shall not create an Obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from
<br />exercising any of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Property
<br />is discontinued or not carried on in a reasonable manner, Beneficiary may fate all steps necessary to protect Beneficiary's
<br />security interest in the Property, including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grams, conveys and sells to Trustee, in test for the
<br />heneSt of Beneficiary, as additional security all the right, title and interest in and to any and all existing or future leases,
<br />subleases, and any Other written or verbal agreements for the use and occupancy of any portion of the Property, including
<br />any extensions, renewals, nuali icatious or substitutions of such agreements (all referred to as 'Leases ") and rents, issues
<br />and profits (all referred to as "Rents "). Trustor will promptly provide Beneticiary with tee and correct copies of all
<br />existing and future Leases. Trustor may collect, receive, enjoy and use the Bents so long as Trustor is not in default under
<br />the terms of this Security Inatmmem.
<br />'fruslor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is
<br />entitled to notify any of Trustor's tenants to male payment of Rents due or to become due to Beneficiary. However,
<br />Beneficiary agrees that only on default will Beneficiary notify Trustor and Trustor's tenants and make demand that all
<br />future Rents be paid directly to Beneficiary; On receiving notice of default, Trustor will endorse and deliver to Beneficiary
<br />any ppaynmem of Rems in 'I possession and will receive any Rents m trust for Beneficiary and will not cormninglu
<br />the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Traitor
<br />warrants that no default exists andei the Leases or any applicable landlorditenam law. 'Truster also agrees to maintain and
<br />require any tenant to comply with the laws of the Leases and applicable law.
<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the
<br />provisions many lease if this Security Instrument is on a leasehold. If the Propcoy includes a unit in a condominiun or a
<br />planed unit development, Tmstor will perform all of Trustoi s duties under the covertness, by -laws, or regulations of the
<br />condominium or planned unit development .
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<br />®1899 Ben4xn Systems. Inc.. SL CIOUE. M N 11 .90o301 -039¶ rem PEe, ak 1.11191
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