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200205434 B. All future advances from Beneficiary to Truster or other furore obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt existing now or executed after this Deed of Trust whether or not this Deed of Trust is specifically referred to in the evidence of debt. C. All obligations Trustor owes to Beneficiary, which new exist or may later arise, to the extent not prohibited by law, including, but not limited m, liabilities for overdrafts relating to any deposit account agreement between Trustor and Beneficiary . D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incorrect by Beneficiary under the berms of this Deed of Trust, plus interest at the highest rate in effect, from time to time, as provided in the Evidence of Debt. E. Truster's performance tinder the Icons of any instrument evidencing a debt by Trustor to Beneficiary and any Deed of Trust securing, guarantying, or otherwise relating to the debt. If more than one person signs this Deed of 'Trust as 'Trustor, each Trustor agrees [hat this Deed of Trust will secure all future advances and future obligations described above that are given to or incurred by any one or more 'Trustor, or any tine ur more Trustor and others. This Deed of Trust will not secure any other debt if Beneficiary fails, with respect to such other debt, to make any required disclosure about this Deed of Trost or if Beneficiary fails an give any required notice of the right of rescission. 5. PAYMENTS. Trustor agrees to make all payments on the Secured Debt when due and in accordance with the terms of the Evidence of Debt or this Deed of Trust. 6. WARRANTY OF TITLE. Traitor covenants that Trusmr is lawfully seized of the estate conveyed by this Deed of Trust and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property and warrants that the Property is unencumbered, except for encumbrances of record. 7. CLAIMS AGAINST TITLE. Tratnu will pay all torus, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due_ Beneficiary may require Truster to provide w Beneficiary copies of all notices that such amounts are due and the receipts evidencing Traitor's payment. Trustor will defend title to the Property against any claims that would impair the lien of this Deed of Trost. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or detnices which Trustor may have against parties who supply labor or materials to improve or maintain the Property. S. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Properly and that may have priority over this Deed of Trust, Trustor agrees: A. To make all payments when due and to perform or comply with all covenants_ B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. C_ Not to make or permit any modification or extension of, and not to request or accept any future advances under any note or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary consents in writing. 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of any lien, encumbrance, transfer, or sale, or contract for any of these on the Property. However, if the Property includes Trastor's residence, this .section shall be subject to the restrictions imposed by federal law (12 O.F.R. 591), as applicable. For the purposes of this section, the term "Properly" also includes any interest th all or any part of the Property. 'Phis covenant shall run with the Property and shall remain ht effect until the Secured Debt is paid in full and this Deed of Trust is released. 10. TRANSFER OF AN INTEREST IN THE GRANTOR. If Trusmr is an entity other dean a natural person (such as a corporation or other organization), Beneficiary may demand immediate payment if (1) a beneficial interest in Trustor is sold ur transferred; (2) there is a change in either the identity or number of mcmdxns of a partnership; or (3) there is a change in ownership of more than 25 percent of the voting stock of a corporation. However, Beneficiary may not demand Payment in the above situations if it is prohibited by law as of the date of this Deal of Trust. 11. ENTITY WARRANTIES AND REPRESENTATIONS. If Truster is an entity other than a natural person (such as a corporation or other organization), Truster makes to Beneficiary the following warranties and representations which shall be continuing as tong as the Secured Debt remains outstanding: A, Trusmr is an entity which is duly organized and validly existing in the Traitor's state of incorporation (or organization). Trustor is in good standing in all states in which Truistic transacts business. Tmmstor has the power and authority to own the Property and to carry on its business as now being conducted and, as applicable, is qualified to do so in each state in which Trustor operates. B. The execution, delivery and performance of this Deed of Trust by Trustor and the obligation evidenced by the Evidence of Deb[ are within the power of Trustor, have been duly authorized, have received all necessary govermnental approval, and will not violate any provision of law, or order of court or governmental agency. C. Other than disclosed in writing Truster has not changed its name within the last ten years and has not used any other trade or fictitious name. Without Beneficiary's prior written consent, Trusmr does not and will not use any other name and will preserve its existing name, trade names and franchises until the Secured Debt is satisfied. 12. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep the Property in good condition and make all repairs that are reasonably necessary. Traitor will give Beneficiary prompt notice of any loss or damage to the Properly_ Trushx will keep the Property free of noxious weeds and grasses. Tmshtr will not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restriction limiting or defining the uses which may be made or the Property or any part of the Property, without Beneficiary's prior written consent. Truster will notify Beneficiary of all demands, proceedings, claims, and actions against Trusmr or any other owner made under law or regulation regarding use, ownership and occupancy of the Property. Trustor will comply with all legal requirements and restrictions, whether public or private, with respect to the use of the Property. Trustor also agrees that the nature of the occupancy and use will not change without Beneficiary's prior written consent. No portion of the Properly will be removed, demolished or materially altered without Beneficiary's prior written consent except that Trustor has the right to remove items of personal property comprising a par of the Properly that become become worn `,� ' page ]olG uFn¢/ty 019W nan4as5yeaemv,Inc.,S,. Cloutl. MN Form AWCO -nTAF 3/8/>0(11