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200209964
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of
<br />inspecting the Property. Beneficiary shall give Tmstor notice at the time of or before an inspection specifying a reasonable purpose
<br />for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Toaster will in no way rely on
<br />Beneficiary's inspection.
<br />Authority to Perform. If Tmstor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to be performed. Tmstor appoints Beneficiary as attorney in fact to sign
<br />'I'mstor's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not create an
<br />obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other
<br />rights under the law or this Security Instrument
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease ifthis
<br />Secunty Instrument is on a leasehold. If the Properly includes a unit in a condominium or planned unit development, Trustor will
<br />perform all of Trustor's duties under the covenants, by -laws, or regulations of die condominium or planned unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice ofany pending or threatened action, by privule or public entities to
<br />purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor authorizes
<br />Beneficiary to intervene in Trus'tor's name in any of the above described actions or claims- Trustor assigns to Beneficiary the
<br />proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such
<br />proceeds shall be considered payments and will be applied as provided in this Security Instrument. This assigninent of proceeds is
<br />subject to the terms of any prior mortgage, deed of trust, security agreement or other hen document. 173 84
<br />Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated
<br />with the Property due to its type and location This insurance shall be maintained in the amounts and for the periods that
<br />Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Toaster subject to Beneficiary's approval,
<br />which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary may, at
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where
<br />applicable, "loss payee clause,' Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance.
<br />Beneficiary shall have the right to hold the policies and renewals. If beneficiary requires, Trustor shall immediately give to
<br />Beneficiary all receipts afford premiums and renewal notices. Upon loss, Trustor shall give immnediate notice to the insurance
<br />carrier and Beneficiary . Beneficiary may make pmofof loss ifnot made immediately by Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair ofthe Property or to the
<br />Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or
<br />postpone the due date afthe scheduled payment nor change the amount of any payment. Any excess will be paid to the Trustor. If
<br />the Property is acquired by Beneficiary, Tmstor's right to any insurance policies and proceeds resulting from damage to the
<br />Property before the acquisition shall pass to Beneficiary to the extent ofthe Secured Debt immediately before the acquisition.
<br />Financial Reports and Additional Documents. Trustor will provide to Beneficiary upon request, any financial statement or
<br />information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file my additional documents or
<br />certifications that Beneficiary may consider necessary to perfect, continue, and preserve Tmstor'a ubhuitions under this Security
<br />Instrument and Beneficiary's lien status on the Property.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed by this Security
<br />Instrument said has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also
<br />warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. DUE ON SALE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately duo and payable
<br />upon the creation of, or contract for the creation of, a transfer or sale of the Properly. This right is subject to the restrictions
<br />imposed by federal law (12 C.F.R. 591), as app, icable.
<br />H. DEFAULT. Trustur will be in default if any of the following occur.
<br />Fraud. Any Consumer Borrower engages in fraud or material mis'rcpresemulion in connection with the Secured Debt that is an
<br />open end home equity plan.
<br />Payments. Any Consumer Borrower on any Secured Debt that is an open end home equity plan fails to make a payment when due
<br />Fx,reTM (el 994 Bankers Sysmms, Inc., St. Cloud, MN Foram USBOCP -DT -NE 9/5/4001 oaa, 3 of6)
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