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200213689
<br />3. MAXIMUM
<br />,�rrOBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not
<br />exceed $AGtr.�A7�i.:..00 This limitation of amount does not include interest and other fees and charges
<br />validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this
<br />Security Inswment to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br />0. SECURED DEBT AND FUTURE ADVANCES. The term `Secured Debf' is defined as follows:
<br />A. Debt incurred under the terms of all promissory hotels), connacps), guaranty(s) or other evidence of debt described below and all
<br />their extensions, renewals, modifications or substitutions. (When referencing the debts below d w suggested that you Include dams
<br />such as borrnwers'names, note amounts, interest rotes, maturity dates, ate)
<br />B. All future advances from Beneficiary to Trusmr or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Truster in favor of Beneficiary executed after this Security
<br />Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument,
<br />each Truster agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by
<br />any one or more Truster, or any one or more Trustor and others. All future advances and other future obligations are secured by this
<br />Security Instrument 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 of this Security Instrument Nothing in this Security Instrument shall constitute a commitment to make additional or
<br />future loans or advances in any amount Any such commitment most be agreed to in a separate writing.
<br />C. All obligations Trustor 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 any deposit account agreement between Trostor
<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 sums advanced and expenses incurred by Beneficiary ander the
<br />terms of this Security Instrument.
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of rescission.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms
<br />of the Secured Debt and this Security Instrument.
<br />6 WARRANTY OF TITLE. Truster warrants that Trustor is or will be lawfully seized ofthe estate conveyed by this Security Instrument
<br />and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also warrants that the
<br />Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of tmst, security agreement or other lien document
<br />that created a prior security interest or encumbrance on the Property, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien
<br />document without Beneficiary's prior written consent.
<br />g. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating in the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of al I
<br />notices that such amounts me due and the receipts evidencing Tolson's payment. Trostor will defend title to the Property against any
<br />claims that would impair the lien of this Security Instrument Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any
<br />rights, claims or defenses Trustor may have against parties who supply labor or materials to maintain or improve the Property.
<br />9. DUE ON SALE OR ENCUMBERANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be
<br />immediately due and payable upon the creation of, or contract for the creation of, or any lien, encumbrance, transfer or sale of
<br />the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run
<br />with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released,
<br />BxpervTM ®1994 Banker, Systems, Imo., St. Cloud, SIN Farm USB- RFDT -NE 94/2001
<br />(page 2 .176)
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