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20020815S B. All future advance., from Beneficiary to 'Ir for or'other Prime obligations of Trustor to Beneficiary under any promissory nose, contract, guaranty, or othef evidence of debt executed by Trustor in favor of Beneficiary executed after this Security Instrument whether or riot this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each'frustor 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 fixture advance, and other future obligations are secured by this Security Instrument even tough all or part may 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 obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to liabilities for overdrafts relating to any dcpo .,it account agreement between Trustor and Beneficiary_ D. All additional sums advanced and expenses incurred by Beneficiary 1'or insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Su:urity Instrument. This Security Instrument will not secure any other debt if Beneficiary tails to give any required notice of the right of rescission. 5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security InstrumeN. 6. WARRANTY OF TITLE. Trustor warrant., that Trustor is or will be lawfully seised of the estate conveyed by this Security Instrument and has the right to irrevocably grant. convey. and sell the Property to Tr leave, in trust, with power of sale T ms tor also warrants that life Property is unencumbered, except for encumbrances of record_ 7. 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 Property, Trustor agrees: A. To make all payments when due and to perform or comply with all covenants. B. 7 o promptly del rvcr to Beneficiary any notices that imstor receives from the holder. C. 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 consent. 8. CLAIMS AGAINST TITLE. Ttrader will pay all taxes, asseswncnt,, liens, encumbrances, lease payments, ground rents_ 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 Tmstor's payment. Trustr will defend title to the Property against any claims that would impair the Tien of this Security Instrument. Trustor agrees to assign to Bara ficrurv, 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. 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. or contract for the creation of, any lien_ encumbrance, transfer or sale of the Property. l min right is subject to the restrictions' imposed by federal law (12 C.F.R. 591), as applicable This ervcnant shall run with life Property and shall remain in effect until the Secured Debt is paid in bill and this Security Instrument is released_ 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make all repaus that are reasonably necessary. Tnt .,tor shall nut commit or allow any waste, impairment, or dcteriornion of the Property- 'linstor will keep the Property free of noxious weeds and grasses. 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 casement without Beneficiary's prior written consent Trustor will notify Beneficiary of all demands, proceedings, claims. and actions against Trustor, and of any loss or damage to the Property. Beneficiary of Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting the Properly. Beneficiary shall give Trustor notice at the time of or before an inspection specitvtng a reasonable purpose for the inspection. Any inspection cribs Properly shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection. 11. ALTHORITV TO PERFORM. If T,st fails to perform any duty or any of the covenants contained in this Security Instrumurit. Benefehuy may. without notice, perform or cause thorn to be performed. [raster appots Beneficiary as attorney in fact to sign Trustar's name or pay any amount necessary for performance - Beneficiary's right to perRnnr for 'Itustor shall not create an obligation to perform, and Beneficiary's failure to perform will nut preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in or reasonable nnanner. Beneficiary may take all steps necessary to protect Iicnefouary's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grants, conveys and sells to Trustee. in trust for the benefit of Bcncfictury, as additional security all the right, title and interest in anti to any and all existing or torture leases, subleases, and any other written or verhal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases") and rents, issues and profits (all referred to as "Rents ") - Trustor will promptly provide Beneficiary with true and correct coppies of all existing nerd future Leases_ Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in de null under the terms of this Security Instrument. 'donator acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to notify any of 'Irusfor's tenants to make payment of Rents due or to become due to Beneficiary. However, Beneticu ry agrees that only on default will Beneficiary notify Trustor and Trustor's tenants and make demand that all future Rents be paid directly to Beneficiary. On receiving notice of default, Trustor will endues: and deliver to Beneficiary any payment of Rents in'l'rustor's possession and will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Trustor warrants that nn defaut exists under the Leases or any applicable landlords tenant law. Trustor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIrl DEVELOPMENTS. Trustor agrees to comply with the provisions of any lease if this Security Instrument ie on a Icasehold. If the Property includes a unit in a condominium or a planned unit development, Lorain will perform all of Trustor's duties under the covenants. by -laws, or regulations of the condominium ar planned unit development. (P ae 2o14) 9, O 1y96 Bankers 6ysleme, IS S. Cloud. MN (I dppd' p] N411 fun n£ or NE 1n2]'9] -CI 65(NE) Isaoel.ol