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B.
<br />C.
<br />D.
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<br />All Future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract, 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. all core than one
<br />person signs this Securityy Instrument, each Trustor agrees that this Security Instrument will secure all future advances
<br />and future obligations tha( are given to or incurred by any one or more Trustor, or any one t more Trustor and
<br />others. All future advances and other future obligations are secured by this Security Instrument even though all or
<br />part may not yet be advanced. All future advances and other future obligations arc secured as if made on the date of
<br />this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or
<br />future loans or advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but
<br />not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and Beneficiary.
<br />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 tinder the terms of this
<br />Security Instrument.
<br />h debt if Beneficiary fails to give any requ red notice of the right of
<br />This Security Instrument will not secure any ot er
<br />rescission.
<br />5. 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 />6. WARRANTY OF TITLE. Trustor warrants that Trustor is or colt be lawfully seized Of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of
<br />sale. Trustor also warrants that the Property is unencumbered, except for encumbrances 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 prom tly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C secured by the lien documcent without Beneficiary 's prior written consent.
<br />cousentture advances undo any note or agreement
<br />8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, 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 notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to
<br />the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as reguested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor
<br />or materials to maintain or improve the Property.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to
<br />be immediately due and payable =he con the creation of, or contraapcoot for the creation of, an lien, encumbrance, transfer or sale
<br />of the n o city. This hisright the Propertytandtshall remain nieffec:t until the Secured Debt is paid 5 nl }tallsan d this bSecuritiy
<br />Instrument is released.
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Properly in goad condition and
<br />make all repairs that are reasonably necessary. Trustor shall o[ conunil or allow any waste, impairment, or deterioration of
<br />the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the
<br />occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any
<br />change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify
<br />Beneficiary of all demands, proceedings, cla ms, and actions against Trustor, and of any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose
<br />Of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a
<br />reasonable pur{wsc for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor
<br />will in no way rely on Beneficiary's inspection.
<br />11. AUTHORITY mennt, B efi Beneficiary may, PERFORM. without notice, perform or cause them to be perfor ned. Trustor appoints Beneficiary lays
<br />•iuorncy in fact to sign Trustor's name or pay any amount necessary for performance. Beneficiary s right to pperform 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 is
<br />discontinued Or not carried on in a reasonable manner, Beneficiary may take 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 grants, conveys and sells to Trustee, in trust for the
<br />benefit 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 occupant of anye�portion of the Property, g issues
<br />and profits (all mewed to asifiRentz )�Tru[ortwll promptly agreements
<br />videnBeneficaryrwith to as true and correct copies Of all
<br />existing and future Leases. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in default under
<br />the terms of this Security Instrument.
<br />Trustor acknowledges that this assignment is perfected upon tof Rentsdueoorttlosbecme due to Beneficiary. However,
<br />entitled to notify any of Trustor's tenants to make payment
<br />future Rents agrees
<br />e that to Beneficiary'lOnerecery ng notice ofrdefault' Trustor owill(endorse andideliver to Beneficiary
<br />any payment of Rents in Trustor's possession and will receive any Rents in trust for Beneficiary and will not commingle the
<br />Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Trustor warrants
<br />that no default exists under the Leases or any applicablelicbloIdwenant law. Trustor also agrees to maintain and require
<br />any tenant to comply with the terms of the Leases and app comply
<br />13. �EoASEns of - mY eeaseNf t is Sec�My InPLANent is on a lease oldE f th Proppertty ncludes agrunit in a condoinium or
<br />planned unit development, Trustor will perform all of Trustor's duties under the covenants, by laws, or regulations Of the
<br />condominium or planned unit development.
<br />(]' 1994 Omkes Systems, Inc., SI. Owd, MN 0 -800-397 -2341) Fmm RE -D7 -NE 1007197
<br />- C165(NE) (9800.01
<br />M101. It.
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