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200209339 B. All future advances from Beneficiary to ]'roster or other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by 'truster in favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than ono person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and future obligations that arc 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 arc secured by this Security Instrument even though all or part may not yet he advanced. All future advances and other future obligations are scented as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or firture loans or advances in any amount. Any such containment must he agreed to in a separate writing. C. All other obligations 'Trustor owes to Beneficiary, which may later arisyy, to the,exteip not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any dap' sibuas)urif jgreemeti( between Trustor and Beneficiary. D_ All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Propertyy and its value and any other sums advanced mid expenses incurred by Beneficiary under the terms of this Security [ash unnenl. In the event that Benclualoy fails to provide are necessary notice of the right of rescission with respect to any additional indebtedness seemed under paragraph B of this Sccliom, Beneficiary waives any subsequent security interest in the Truster F principal dwelling that is created by this Security Instrument (but does nol waive the security interest for the debts referenced in paragraph A of this Section). 5. DEED OF TRUST COVENANT S. Trustor agrees 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. Beneficiary may refuse to make additional extensions of credit and relucc the credit limit. By not exercising either remedy on Trustor s breach. Beneficiary does not waive Beneficiary's right to later consider We event 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 Secured Debt and this Security Instrument. Prior Security Interests. With regard to any other mortgage, deed of bust, 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 agrees 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 Decd of Trust), assessments, 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 Trusou's payment Trustor will defend title to the Property against any claims that would impair the lien of this Security Instrument Trustor agrees to assign to Bcnefietary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or nmterhals to maintain or improve the Property _ Properly Condition, Alterations and Inspection. Trustor will keep the Properly in good condition and make all repairs that are reasonably necessary. Truslor shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor agrees that the nature of the occupancy mid 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. Truslor will notify Reneficiary 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 for the Propose of inspecting the Property _ Beneficiary shall give Trustor notice at the time of or before an inspection .specifying a reasonable purpose for the inspection_ Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection Authority, to Perform. If "Itudor fails to perform any duty or any of the covenants contained in this Security hnshtanent, Beneficiary may, without notice. perform or cause them to be performed Trustor appoints Beneficiary as attorney in tact to sign Ti ustor'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 perform will not preclude Beneficiary from excrciaing any of Beneficiary's other rights under the law or this Security Instrument. Leaseholds, Condominimns; Planned Unit Developments. I ruslor agrees to comply with the provisions of any (ease if this Security instrument is on a leasehold. If the Property includes a unit in a condominium or a plannel unit develop Trent, Trustor will perform all of ltustor's duties under the covenants, by -laws, or regulations of the condominium or planed unit development Condemnation. Trustor will give Beneficiary pronhpt notice of any pending or threatened action, by private or public entities to purchase or lake any or all of the Property through condemnation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in Truslur's name in any of the above described actions or claims. Truslor assigns to Beneficiary the proceeds of any award or claim for da rages connected with a condemnation or other taking of all or any part of the Property proceeds shall be considered payments and will be applied as provided in this Security Instrument 'Phis assignment of proceeds is subject to the terms of any prior mortgage, deed of trust security agreement or other lien document. Insurance. Trustor shall keep Property insured against loss by fire. flood, theft and other hazards mid risks rcasnnably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Beneficiary requires The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld_ If Trustor fails to maintain the coverage described above, Beneficiary 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 and shall include a standard "mortgage clause" and where applicable, "loss payee clause." Trustor shall immediaely noti fy 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 shall give unineliate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by "Itustor. Unless otherwi.sc 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 of proceeds to principal shall not extend nr postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to lie Trustor. If the Property is acquired by Beneficiary. Tmstors right to any insurance policies and proceeds resulting from danoge to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt irmneliokly before the acquisition ( or n) (]1990 BankBR 9yAems, Inc. Sl. creed MN Foini OeP PFfIT -NF I'13/93 (Q 0465(NE) penot m