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200208696 B. All four, advances fi»m Beneficiary to Presto, or when Poore obligation, of humor to Beneficiary under any promissory note, contract, guaranty, or other evidence of dell execute by Trustor in favor of Beneficiary executed after [his Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs Otis Security Instrument, each Trustor agree, that this Security Instrument will secure all tutate 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 part may uol yet be advanced. All future advances and other in lure old igat ions are secut'ed as if made on the date of this Security Instrument. Nothing in this Security Instrmnenl 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 Trusmr owes to Beneficiary, which may later arise, to the extent not prohibited by law, including. but not limited to liabilities or overdrafts relating to any deposit account agreement between Truster 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 incurred by Beneficiary under the terns of this Security halrunenl. This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of rescission. 5. PAN 'MEN 'IS. Btusmr agrees that all payments under the Secured Debt will be paid when due and in accordance with tine Icons of the See m,d Deb and this Sceurity Inatrnncn l_ _ 6. WARRANTY OF TITLE. Trusmr warrant, that Trustor is or will be lawfully Seiacd of the estate convcycd by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of Sala Trustor also waranls that the Properly is unencumbered, except fin encumbrance,, of record. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien doeomenl Thal crcmml a prior security interest or encumbrance on the Properly, Lustot agrees: 1. To make all payments when due and to perform or comply with all covenants. R. To promptly dclrvcr to Rcncficiary any notice, that Trustor receives from the holder. C Not to allow any modification or extension of, nor to request any flume advances under any note or agreement secured by Ilse lien document without Benefici ny'a prior written corwal_ R. CLAIMS AGAINST TITLE. Trustor will pay all taxes, asscssmems, lions, cncumbranccs' lease payments. ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trusmr to provide to Beneficiary copies of all nolice., that such amounts are due and the receipts evidencing Trustor's payment. Trustor will del end title to rho property against any claims that would impair the lien of this Security Instrument l7uslor agrees to assign to Beneficiary, as requested by Beneficiary. any rights, claims or defcrosus Traitor may have against parties wlto 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 IS, immediately due and payable upon the creation of, or' contract for the creation of, any lien, encumbrance, transfer or sale Of the Property. lhls right IS Subject to the restrictions imposed by federal Inv 112 C.F.R. 591), as applicable. This covenant shall 11111 with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. It. PROPERTY CONDITION, AL'I'ERA'I'IONS AND INSPECTION. Truster will keep the Property in good condition and nhakz all repairs that are reasonably necessary_ Trustor shall not commit or allow any waste, impairment. or deterioration of the Property. Lisdor 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 as easement without Beneficiary's prior written consent Trustor will notify Beneficiary kit all demands, proceedings, claims, and actions against Trustor, and of any loss or damage ionic Property. Beneficony or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of m,pecung the Property _ Beneficiary shall give Trustor notice at the time of or before an inspection specifying a Icasonallc purpose for the inspection Any inspection of the Property Shall be entirely for Beneficiary's benefirand Trustor will in no may rely on Beneficiary's inspection. H. AUTHORITY TO PERFORM. If'Irus'tor fails to perform any duly or any of the covenants contained in this Security Instrument Ilenelicurry may, without notice, perform m cause them to be performed. Trustor appoints Beneficiary as attorney to fact to aign Trustor', name or Beneficiary's right pay any amount necessary for performance . Beneficia m perform for Trustor shall not acute an obligation to perl'orn, unit Beneficiary's failure to perform will not preclude Reneftciary from exercising any of Beneficiary's other rights under the law at this Security Instrument. If any construction nn the Properly is disc.... timed nr not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneticuay's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Tmslor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, as additional security all the right, title and interest in and to any and all existing or fume leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of die Property, including any cxluuaions, mncwals, modifications or substitutions of such agreements (all referred to as "L eases ") and rents, iSsues and profits Tall r Perrcd to as Rents "). rtnsmr will promptly provide Beneficiary with true and correct copies of all existing and fine Leases. tinder may collect, receive, enjoy and use the Rents so long as Trustor is not in default under the toms of this Security Inahnment Truss tr acknowlcdgca that this assignment is perfected upon the recording of this Deed of trust and that Beneficiary is entitled to notify any of Trusmi s tenants to make payment of Rents due or to become due to Beneficiary. Ilowever. Rcncficiary agrees that only on default will Beneficiary notify Trustor and frustor'S tenants and make demand that all lulure IZads be paid directly to Rcncficiary. On receiving notice of default, Trustor will endorse and delver to Beneficiary any payment of Rents in Ti usmn's possession and will receive any Rents in trust Iur Beneficiary and will not commingle the Rents with any other funds_ Any amounts collected will be applied Its provided in tills Security Instrument. TrustLit war ants that no &Lush exist, under the Leases or any applicable landlord / tenant law. IIaamr also agree. to maintain and require any tenant to comply with the terms of the Leases and applicable law, 13. IASASEHOLDS; CONDOMINIUMS; PLANNED UNIT DE%rELOPMENTS. Trustor agree, to comply with the provisions of nny lease if this Security Instrument is ou a leasehold, If the Properly includes a unit in a condominium or a planned unit development, Trustor will perform all of Irustor's duties under the covenants, by -laws, ur mgulnlinns of the condominium or planned unit development. 0 ,sq, is"- 5yslem5, Inc, at,,taus, MN, Npa39P2JO tt Form as,.1 1U /9 /W (Q C165fNE) Ia808101 k1pa"" 2 of 4