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200210750 B. All future advances from Beneficiary to Truster 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 one person signs /his Security Instrument, each Truster agrees that this Security Instrument will aware all future advances and finure obligations that are given to or incurred by any one or more Truster, or any one or more Trustor and others. All future advances and other fame obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument Nothing in [his Seemity Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment most he agreed to in a separate writing. C. All obligations Truster owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any dd�epposrt account agreement between Trustor and Beneficiary. D. All additional sums advanced and exPeases incurred by 01sleficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Security Instrument. This Security Instrument will not seems any other debt if Beneficiary fails to give any required notice of the right of rescission. 5. PAYMENTS. Truster agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Seemed Debt and this Security Instrument. 6. WARRANTY OF TITLE. Truster warrants that Truster is or will be lawfully seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Truster 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 prior smurily interest or encumbrance on the Property, Truster agrees. A. I'o make all payments when due and to perform or comply with all covenants. B. In pr fly deliver to Beneficiary any notices that Trustor receives from the holder. C. Not we 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 consent. 8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Truster to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Truster' a payment. Truster will defend title to the Property against any claims that would impair the lien of this Security Instrument, Truster agrees to assign to ne Beficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who 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 be immediately due and payable ayon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subiect to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Seemed Debt is paid in full an d this Security Instrument is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep the Property in good condition and make all repairs that are reasonably necessary. Truster shall not commit or allow any waste, impairment, or deterioration of the Property. Truster will keep the Property fee of noxious weeds and grasses. 'framer aTCm that the nature of the occupancy and use will not substantially change without Beneficiary s prior written consent. roster will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Truster will notify Beneficiary of all demands, proceedings, claims, and actions against Truster, 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. Beneficiary shall give Truster notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Properly shall be entirely for Beneficiary's benefit and Toaster will in no way rely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. If Truster fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Truster appoints Beneficiary as nam attorney in fact to sign Truant's e or pay any amount necessary for performance. Beneficiary's right to perform for Truster shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiarl+s other rights under the law or this Security Instrument, if any construction on the Pro erty is discontinued or not cm,icd 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 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 future leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases") and rents, issues and profits (all referred to as "Rents "). Truster will promptly provide Beneficiary with true and correct copies of all existing and future Leaves. Truster may collect, receive, enjoy and use the Rents so long as Truster 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 Truster's tenants to make payment of Rents due or to become due to Beneficiary. however, Beneficiary agrees that only on default will Beneficiary notify Trustor and Truster's tenants and make demand that all future Rents be paid directly to Beneficiary. On receiving notice of default, Trustor will coder. 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 an other funds. Any amounts collected will be applied as provided in this Security Instrument. Trustor warrants that no default exists under the Leases or any applicable landlord/tenant 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 unit in a condominium or a planned unit development, Trustor will perform all of Trustm's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. Q 1994 Bmkeis 9yslems.lnc 41 eloua. MN (I 800 J97 -4941) Poem 2E-01 -NE IORr Pr ® ®G1051NE1 N808M