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200209357 B. All future advance, Loom Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed after 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 Tnstrumcnt will secure all future advances mid future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor mid others. All future advances and other -future obligations are secured by this Security Instrument even though all or part may riot yet be advmiced. All future advances mid other future obligations arc 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 IOan.s nr advances in any amount. Any such commitment must he agreed to in a ae cre writing C, All obligations Trustor Owes to Beneficiary, which may later arise, In the cxlmitnot prn�datuted by law, including, but not limited to, liabilities for overdrafts' totaling 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 sums advanced mid expenses incurred by Beneficiary under the terms of this Security Instrument. This Security instrument will not secure any other debt if Beneficiary fails in give any required notice of the right of re,cission. 5, PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due mid in accordance with the terms of the Secured Debt and this Security Instrument. b. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfillp seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convoy, and sell the Property to Trustee, in trust, with power of sale. Trustor also warrants that the 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 pilot security interest or encunibrmice on die Property, Trustor agrees. A. To make all payments when due mid to per or comply with all cevc mauls. B. To promptly deliver to Beneficiary any notices that Trustor receives from the ),Older. C Nor to allow any modification or extension Of, nor to request any fiiure advances under any note or agreement secured by the lien docuient without Beneficiary's prior written consent. 8. CLAIMS AGAINST TITLE. Trualor will pay all lazes, assessments, liens, encumbrances, lose payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary rimy require Trustor to provide to Beneficary copies Of all notice, that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Properly against nay claims that would impair the lion of this Security Instrument. Trustor agrees 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 Properly 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. This light is subject to the restrictions imposed by federal law (12 CT.R. 591), as applicable- This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full mid this Security Instrument is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary- Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor will keep the Property free Of noxious weeds and grasses. Trustor agrees that the nature of the occupancy aid 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 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 purpose Of inspecting the Property. Raocficiary shall give Trustor notice at the time of or before ton 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 11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants contained in this Security In,trument, Beneficiary nay, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact to sign I rustor's na ie or pay any aruount necessary for perfoi nice. Beneficiary's right to perform for Trustor shall not create air obligation to perform, and Beneficiary', failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security histiumart. If any construction On the Property is discontinued or riot carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Truster irrevocably grants, conveys and sells to I rustee, in trust for the benefit of Beneficiary, as additional security all the right, title and interest in and to any and all existing or furore leases, subleases, and any other written or verbal agreements for the use mid occupancy of any portion of the Property, including any extensions, renewals, modifications or aubsfimtions of such agreements (all referred to as "Leases') and tents, issues and profit. (all referred to as "Rents "). Trustor will promptly p oxide Beneficiary with true and correct copies of all existing and future Leases I rwmr may collect, receive, enjoy mud use the Rents so long as Trustor is not in default under the terms of this Security Instrument, Trustor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to notify any of Trustor's tenants to make payment of Rents due or to become due to Bcncficiary. However, Beneficiary agrees that only on default will Beneficiary notify 'truster and Trustor s tenants and make demand that all future Rents be paid directly to Beneficiary. On rccciviag notice of default, Trustor will endorse and deliver to Beneficiary any payment of Rents in'trustor's possession and will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other fiends. Any amounts collected will be applied as provided in this Security Instrument. Trustor coasts that ao default exists undo, the Leases or any applicable landlordterant 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 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 writ in a condominium or a planned unit development Trustor will perform all of Trustor's duties trader the covenants, by -laws, or regulations of the condominium or planned unit development. © 199+ camels 5ysems. arc_ 91. cmuo. MN I'A003,1 -zaa11 Form sbUr -Ne 1012797 (Q®C1651NE) 11a11 11 d 1-1 (1`19 of