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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Truster to Beneficiary under any
<br />promissory note, Contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary
<br />executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more
<br />than one person signs this Security Instrument, each Truster agrees that this Security Instrument will secure all
<br />future advances and finure obligations that are given to or incurred by any one or more Trustor, or any one or
<br />more Truster and others. All future advances and other future obligations are secured by this Security Instrument
<br />even though all or part may not yet be advanced. All future advances and other future obligations are secured as if
<br />made on the date o this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to
<br />make additional or loans or advances in any amount. Any such commitment must be agreed to in a separate
<br />writ rigg.
<br />C. All otlier obligations Trager owes to Beneficiary, which may later arise, to the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafts relating to arty deposit account agreement between Trustor
<br />and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br />protecting the Property and its value and any other stuns advanced and expenses incurred by Beneficiary under the
<br />terms of this Security Instrument.
<br />In the event that Beneficiary fails to provide arty necessary notice of the right of rescission with respect to any additional
<br />indebtedness secured under paragraph B of this Section. Beneficiary waives any subsequent security interest in the
<br />Trustor's primer dwelling that is created by rids Security Instrument (but does not waive the security interest for the
<br />rence in
<br />debts refe paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Truster agrees that the covenants in this section are material obligations under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to
<br />make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it hoppers again.
<br />Payments. Trustor a es that. all payments under the Secured Debt will be paid when due and in accordance with the
<br />terns of tlhe Secured Debt and this Security Instmmem.
<br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document
<br />that created a prior security interest or enelmbrance on the Property, Trustor agrees to make all payments when due and
<br />to perform or comply with all covenants. Trustor also agrees not to allow day modification or extension of, nor to
<br />request any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br />written approval.
<br />Claims Against Title. Truster will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease paymer s, grant rents, utilities, and other charges relating to the Property when due. Beneficiary
<br />may require Truster to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br />Truster s payment. Truster will defend title to the Property against any claims that would impair the lien of this
<br />Security Instrument. Truster agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses
<br />Truster may bave against parties who supply labor or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep die Property in good condition and make all
<br />repairs that are reasonably necessary. Touter shall not commit or allow any waste, impairment, or deterioration of the
<br />Property. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's
<br />prior written consent. Truster will not permit any change in any license, restrictive Caveman or easement without
<br />Beneficiary's prior written consent. Trainor will notify Beneficiary of all demands, proceedings, claims, and actions
<br />against Truster, and of any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at my reasonable time for the
<br />purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection
<br />specn[vmg a reasonable purpose for the inspection. Any inspection of the Property shall be entire ly for Beneficiary's
<br />benefit and Truster will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. If Truster fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform or cause them to be rformed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustees name or pay any amount necessary for Irerfoonnance. Beneficiary IsriSid to perform for
<br />Trustor shall not create an obligation m perform, and Beneficiary's failure to perform will not preclude Beneficiary
<br />from exercising any of Beneficiary's other rights under the law or this Securi ty Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Truster agrees to comply with the provisions of any lease
<br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condomituum or a planned unit
<br />development, Truster will perform all of Trustor's duties under the covenants, by -laws, or regulations of the
<br />co doininium or planed unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of airy ppending or threatened action, by private or public
<br />entities to purchase or take any or all of the Property through car cianahon, eminent domain, or any other moms.
<br />Trustor authorizes Beneficiary to intervene in Trustor's made in any of the above described actions or claims. Trustor
<br />assigns to Beneficiary the proceeds of any award or claim for damages connected with a. condemnation or other taking of
<br />all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this
<br />Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security
<br />agreement or other lien document.
<br />Insurance. Truster shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably
<br />associated with the Property due to its type and location This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. The insurance carver providing the insurance shall be chosen by Trustor subject to
<br />Beneficiary's approval, which shall not be unreasonably withheld. If Truster fails to maintain the covem described
<br />above, Beneficiary nay, at Beneficiary's option, obtain coverage to protect Beneficiary's rignts in the Property
<br />according to the terms of this Security Instrument.
<br />All insurance politics mid renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause"
<br />and, where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination
<br />of the insurance. Beneficiaarryy shalt have the right to hold the policies and renewals. If Bereft requires, Tmstor shall
<br />immediately give to Beneficiary all receipts of paid premmi s and renewal notices Upon loss, Trustor shall give
<br />immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately
<br />by Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or
<br />to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled p nt nor change the amount of any payment. Any excess will be
<br />paid to the Trustor. If the Property is acquired by Beneficiary, , Truster's right m any insurance policies and proceeds
<br />resulting from dandagge to the Property before the acquisition shall pass m Beneficiary to the extent of the Secured Debt
<br />immediately before the acquisition. n ,
<br />Q. 1994 Sank— Tyslana. Inc., st Cloud, MN Farm VCKREeT -NE 1119199 4x.
<br />®- C466(NE) (Ii 902 )02
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