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2002006 ")' <br />B. All future advances from Beneficiary to Truster or other future obligations of Traitor to Beneficiary under any <br />promissory Ante, contract, guaranty, or other evidence of debt existing now or executed after this Deed of Trust <br />whether or not this Decd of Trust is specifically referred in in the evidence of debt. <br />C. All obligations 'Trustor owes to Beneficiary, which now exist or may later arise, to the extent not prohibited by <br />law, including, but Act limited m, liabilities for overdrafts relating to any deposit account agreement between <br />Trusmr and 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 advancer) and expenses incurred by Beneficiary under the tunics of <br />this Decd of Trust, plus interest at the highest rate in cfful, from duce to Come, as provided in the Evidence of <br />Debt. <br />E. Trenton's performance under the terms of any instrmmmt evidencing a debt by 'Tmsmr to Beneficiary and any Deed <br />of'frust securing, guarantying, or otherwise relating to the debt. <br />If more than one person signs this Decd of Trust as Trusser, each Tmstor agrees that this Deed of Trust will secure all <br />future advances xad future obligations described above that are given to or incurred by any one or more Tmsmr, or any <br />one or more traitor and Others. This Deed of Trust will trot secure any other debt if Beneficiary fads, with respect to such <br />other debt, to make any requited disclosure about this Deed of Trost or if Beneficiary fails to give any required notice of <br />the right of rescission, <br />5. PAYMENTS. Trusmr agrees to make all payments On the Secured Debt when due and in accordance with the terns of the <br />Lvideme of Debt Or this Dud of Trost <br />6. WARRANTY OF TITLE. Trusmr covenants that Trustee is lawfully seized of the estate conveyed by this Deed of Trost <br />and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property and warrants <br />that the Property is un>n:mubered, except for encumbrances of record. <br />7. CLAIMS AGAINST TITLE. Tmstor will pay all taxes, assessmcala, lions, encumbrances, lease payments, ground [cuts, <br />utilities, and other charges relating to the Property when due. Beneficiary may require Trustur to provide to Beneficiary <br />copies of all notices that such amounts are due and the receipts evidencing Truster 's payment. Tmstor will defend title to <br />the Property against any claims that would impair the lien of this Dced of Trost. Trustor agrees to assign to Beneficiary, as <br />requested by Beneficiary, any rights, damns or defenses which 'I rusmr may have against parties who supply labor or <br />materials to improve or maintain the Properly. <br />S. PRIOR SECURITY INTEREST'S. 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 and that may have priority over this Deed <br />of Trust, Tmstor agrees: <br />A. TO make all payments when dae and to perform or comply with all coveunnts. <br />B. To promptly deliver to Beneficiary any notices that 'truster receives from the holder. <br />C. Not In make or Perrot any modification or extension of, and not to request or accept any future advances under any <br />note or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary consents <br />in writing. <br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary many, at its option, declare the entire balance of the Secured Debt to <br />be immediately due and payable upon the creation of any lien, encumbrance, transfer, or sale, or contract for any of these <br />on the Property. However, if the Property includes Truism's residence, this section shall be subject to the restrictions <br />imposed by federal law (12 C.F.R. 591), as applicable. Fur the purposes of this section, the term "Property" also includes <br />any interest to all or any part of the Property. This covenant shall run with the Property and shall remain in effect until the <br />Secured Debt is paid in full and this Deed of Trust is released. <br />10. TRANSFER OF AN INTEREST IN THE GRANTOR. If Truster is an entity other than a natural person (such as a <br />corporation or other organization), Beneficiary may demand immediate payment if (1) a beneficial interest in Tmstor is <br />sold or transferred; (2) there is a change in either the identity or number of members of a partnership; or (3) there is a <br />change in ownership of more tiara 25 percent of the voting .stock of a curporation. However, Beneficiary may net demand <br />payment in the above situations if it is prohibited by law as of the date of this Decd of Trost. <br />11. ENTITY WARRANTIES AND REPRESENTATIONS. If 'Truster is an entity otter than a natural person (such as a <br />corparation or Other organization), Trusmr makes to Beneficiary the following warranties and representations which shall <br />be continuing as long as the Secured Debt remains outstanding: <br />A- Tmsmr is an entity which is duly organized and validly existing in the Truator's state of incorporation (or <br />organization)_ Tmsmr is in good standing in ail states in which Tmstor transacts business- Truster has the power <br />and authority to own the Properly and to carry on its business as now being conducted and, as applicahlc, is <br />qualified to do aO m each state in which'1'mslor operalca. <br />B. The execution, delivery and performance of this Deed of ')'rust by Tmsmr and the obligation evidenced by the <br />Evidence of Debt are within the power of 'fruslor, have been duty authorized, have received all necessary <br />governmental approval, and will not violate any prevision of law, or order of court or governmental agency <br />U, Other than disclosed it, writing Toaster has not changed its urine within rite last ten years and has act used any <br />other Trade or fiction., name. Without Beneficiary's prior written conscat, Tmsmr does rot and will not use any <br />other came and will preserve its existing name, trade names and franchises until the Secured Debt is satisfied. <br />12. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition <br />and make all repairs that are reasonably necessary. Traitor will give Beneficiary prompt notice of any loss or damage to <br />the Property . 'Tmsmr will keep the Property free of noxious weeds and grasses. Tmsmr will not mature, join in nr consent <br />to Any uhxnge in any private restrictive covenant, zoning ordinance or Other public or private restriction limiting or <br />defining the uses which may be maade of the Property or any part of the Property, without Beneficiary's prior wriileu <br />consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Fmsor or any other <br />owner made under law or regulation regarding use, ownership and occupancy of the Property. Truster will comply with all <br />legal requirements and restrictions, whether public or private, with respect to the use of Property. Truster also agrees <br />that the nature of the occupancy and use will not change without Beneficiary's prior writen consent <br />No portion of the Property will be removed, demolished or materially shrivel without Bouefctary's prior written consent <br />except that 'truster has the right to remove none, of personal property comprising a part of the Property That become <br />'/jwe,- <br />E�f, 91 asa Bankers Syebme Inc. ST llouE, MN teem AGICO -0T- NE9 /9/2oe1 /'1 <br />