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200208160 B. All Intone advances from &mefunary to Trustor or other tuture obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed be Trustor in favor of Beneficiary execued after this Security instrument whether or not this Security Instrument is specifically referenced. If mole than one person signs this Security Instrument. each'frustor agrees that this Security Inslruurent will secure all future advances and future obligations that are given to or incurred by any one or Plate Trustor. or any one or more Irusror and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet he advanecd. All future advances and other future obligations are secured as if made oil 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 most be agreed to in a separate writing. C, All obligaton, Tru,tor 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 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 states advanced and expenses incurred by Beneficiary under the terms of this Seculity Instrument. This Security Instrument will not secure any other debt if Beneficiary fails 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 mid this Security Instrument fi. WARRANTY OF 'fl'1'LE. Trustor warrants that Trust., is or will he lawfully srizal of tire estate conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Tmstee, in trust, with power of sale_ Trustor also corm ants that the Property is unencumbered, except for encumbrances of record_ 7. PRIOR SECL'RI'11 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: 1. 'I In make all payments when due and to perform or comply with all covenants. B. 'fn promptly deliver to Beneficiary an ta y notices that Ir sr receives from the holder. C. Not to allow any modification ar exteusron oC nor to request any fitful e advanecs under airy note or agreement secured by the lien document without Beneficiary s prior written consent. R. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments. liens, cnu artnances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Tmstor to provide to Beneficiary copies of all notices that such amounts we due and the receipts evidencing Trustor', payment Tipster will defend title to the Property against any claims that would [nhpair the lien of this Security Instrument Trustor' agrees to assign to Bencliciary. os requested by Beneficiary, any rights, claims or defenses Tmstor may have against parties who supply labor or materials to maintam 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 irmnediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property _ This right is subject ill the restrictions imposed by federal law (12 C.F.R. 591), as applicable- This ewcnant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and []its Security hishument is released_ 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep the Property in good condition and make all repairs that we reasonably necessary Trustor shall not conmni[ or allow any waste, impairment, or deterioration of the Property, lrusror 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 Truster will not permit any change in any license, restrictive covenant ter easement without Beneficiary's prior UTitten consent. Torsion will ratify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property, at any reasonable time Ibr the purpose of inspecting the Property. Beneficiary shall give li'ustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Properly shall be entirely for Beneficiary's benefit and Trustor will in no way lely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the co%counts contained in this Seem try Instrument Beneficiary may, without notice, perform or cause them to be performed, fluster appoints Beneficiary as attorney in fact to sign luster's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure to perforrn will not preclude Beneficiary Iran exerci,ing any of Beneficiary's other lights under the law or this Security Inshument. If any construction nn the Property is discontinued or not carried on in a reasonable names, Beneficiary may take all steps necessary to protect Beneficiary's securty interest in the Property, including completion of the construction_ 12. ASSIGN M 1,N'1 OF LEASES AND RESTS. Tr name irrevocably grans, conveys and sells to Trustee, in trust for the benefit of Beneficiary, as additional security all the right, title and interest in mid to any and all existing or future leases, xublcascs, and any other written or verhil 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 mid profits (all rcicired to as Rents "). Trustor will promptly provide Beneficim'y with true and correct copies of all existing and future Leases. 'Trustor may collect, receive, enjoy mid use the Rents so long as Trustor is not in default under the terms ofthis Security In sP rumen 1. Tmstor acknowledge, that this assignment is perfected upon the recording of this Decd of Trust mid that Beneficiary is entitled to notily um of Trusto2s tenants to make payment of Rents due or to become due to Beneficiary. However, Berheficimy agrees that only on ry default will Beneficial) notify Tmstor and Trustor's tenants and make demand that all Linton Res he par to Beneficiary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary any payment of Rents in Tmstor, possession and will receive any Rents in trust for Beneficiary and will not commingle dhc Rents with any other ' funds_ Any amounts collected will be applied as provided in this Security Instrument. Trustor arant, that no default exists under the Leases or any applicable landlord /Penult law. Trustor also agrees to maintain and require any tenmu to comply with the terms of the Leases and applicable law. 13. LEASEIIOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the prmisions of arty lease if this Security Instrument is nn a leasehold. If the Property includes a unit in a condominium or a plumed unit development, Trustor will perform all of Trustor's duties under- the covenants, by -laws, or rcgululion.s of the condominium or planned unit development. Q 1991 Ba "ks, systems, 1""., al. Una. MN 11800 -099 -20411 Form RFni NF 1019'9] (Pj9 /yU� J pj <) // { ) C165(NE) 1s,tat of