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200206114 B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any promissory aft note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed er this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each 'Trustor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more 'Trustor, or any one or more Trustor and others. All future advances and other future obligations are secured by this Security Instrument even though all Or fan not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited b law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor acrd Beneficiary. D. All additional suns advanced and expenses incurred by Beneficiary for insuring, preservingg or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Brncfrciary under the terms of this Security Instrument. In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the Trmaor's principal dwelling that is created by this Security, histrnnent (but does not waive the security interest for the debts referenced in paragraph A of this Section). 5. DEED OF TRUST COVENANTS. 'Prustor qe s that the covenants in this section are material obligations under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Benefrcimy may refuse to make additional extensions o credit and reduce the credit limit. By net exercising either remedy on Dustor's breach, Beneficiary does not waive Beneficiary's right to later consider the evert a breach if it happens again. Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Seemed Debt and this Security Instrument. Prior Security Interests. With regard to any other mortgage, deed of must, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to perform or comply with all covenants Trustor also agues not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Beneficiary's prior written approval. Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, encumbrances, lease payments, ground runs, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Trustor's payment_ 'Prustor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Trustor mores to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or materials to maintain or improve the Property. Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Truster shall rim commit or allow any waste, impairment, or deterioration of the Property. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trmstoq and of ary loss or damage to the Property. Beneficiary or Beneficiary's agents nmy, at Beneficiary s option, enter the Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Trustor notice at the tune of or bet-ore an ins action specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Renelriciary's benefit and Trustor will in no way rely on Beneficiary s inspection. Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instruments Beneficiary may, without notice, perform or cause than to be performed. 'Prustor appoints Beneficiary as attorney in fact to sign Trusto2 s name or pay any amount necessary for performance Beneficiary's right to perform for Trmstor shall riot create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security lmsmument. Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the Provisions of any lease if this Security Instrument is on a leasehold. if the Property includes a unit in a condominium or a planed unit development, 'truster will perform all of Trustor's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to yurehase or take any or all of the Property through condenmation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in '1'rustor's name in any of the above described actions or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a condenmation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security instrument. This assimmnent of proceeds is subject to the terms of any prior mortgage, deal of trust, security agreement or other lien document. Insurance Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location 'Phis insurance shall be maintained in the amounts mid for the periods that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by 'truster subject to Beneficiary's approval, which shall not he unreasonably withheld. If Trustor fails to maintain the co verage described above, Benefickuy may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security Instrument. All insurance policies and renewals shall be acceptable to Beneficiary mid shall include a standard "mortgage clause' and, where applicable, "loss payee clause." 'truster shall immediately notify Beneficiary of cancellation or termination of the insurance- Beneficiary shall have the right to hold the policies and renewals. if Beneficiary requires, Truster shall immediately give to Beneficiary all receipts of paid premiums and renewal notices Upon loss, Trustor xhall give inunediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by'Imstor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application ofproceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the miount of any payment. Any excess will be paid to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damat to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. y // 0 199 9mkai[ 9yete"i z. InG. St. Cbud Nik °Otn OCP- PCeFVC I /U/19 C Z_ iPO2/ - C465(NE)(110>)01 m