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200214514 B. All Inure advances front Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any pronusson note, contrad, guannny. or other evidence of debt executed by Truster in favor of Beneficiary cseculed after this Security- Instrument whether or not this Security Instrument is specificnll referenced_ If more Ilan one person signs this Security Instrument, each Tmstor agrees that tlus Security Instrument will secure all fuituc advances and future obligations that are given to or incurred Inc any one or more Trustor, or any one or more Tmstor and others. All future advances and other future obligations are secured by [Iris 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 this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such cummitmem most be agreed to in a separate writing. C. All other obligations Trustor 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 deposit account agreement between Trustor and Beneficiary. D. All additional stints advanced and expenses incurred by Beneficiary, for insuring, preserving or otherwise protecting the Property and its value and any, other stuns advanced and expenses incurred by Beneficiary under the terns of this Security Instrument In the eccut that Beneficiarv° fails to pmvidc xny necessary notice of the right of rescission with respect to any additional indebadncss secured under paragraph B of this Section, Beneficiary waives any subsequent secant, interest in the Truslor's principal dmelltng that is created by tills Security Instrument (but does col waive the sccunly incrust for the debts referenced in paragraph A of this Section). 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the Secured Debt and this Security Instrument. If Traitor breaches arw covenant in this section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor's breach, Beneficiary, does not waive Beneficiary's right to later consider the event a breach if it happens again. Payments. Tmstor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. Prior Seen rity Interests. With regard to any other mortgage, deed of trust- security agreement or other lien document Ilml croaacd a prior security interest or encumbrance on the Property. Tmstor agrees to snake all few t nods when due and to perform or comply will] all covenants'. Trustor also agrees not to allow any modification or extension of, nor to request any future advances under airy note or agreement secured by the lien document without Beneficiary's prior o ntlen approval. Claims Against Title. Trustor will pal all taxes (including any tax assessed to this Deed of Trust). assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when chic. Beneficiary may requite Tmstor to provide to Beneficiary copies of all notices That such amorous are due and the receipts evidencing fluxion''s payment. Trustor will defend title to tine Property against any claims that would impair the lien of This Security Instrument. Truster agrees to assign to Beneficiary, as requested by Bcneficiarv, any rights, claims or defenses Tmstor may have against panics who supply labor or materials to maintain or improve like Property. Property Condition, Alterations and Inspection. TMSt0T will keep the Property in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impeinnent, or deterioration of the Propem_ Trusmr agrees IhaI the n:dure of the occupancy and use will not substantiapv change wilhoul Beneficiary's prior omit consent Tmstor twill not permit any change in ass license resnictiyc covenant or casement without Beneticamry's prior written consentrader will notify, Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or 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, denefician' shall give Trustor notice at the dune of or before an inspection specifying a reasonable purpose for file inspection. Any inspection of the Property shall be entirely for Beneficiary's beneW and Trustor will in no way rely on Benefietary s inspection. Authority to Perform. If Trustor fails to perform any daily or any of the covenants contained in this Security I]suunnenl, Bcncficiary may, without noticc, perform or cause them to be performed_ Trustor appoints Beneficiary as attorney in fact to sign Trstor's name or pay any amount necessary for perfomance. Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security Instrument. Leaseholds; Con uhomininns; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if This Scetrit, Instrument is tin a Icas'chold. If the Property includes a unit in a condiummu i or a planned unit development Trustor mill perform all of Trustur's duties under the emenants, by -laws, or regulations of the condonunitn] or planned unit dwclopmcnl. Condemnation. Trustor will give Beneficiary prompt not icc of any pending or Ihucatened action, by private or public entities to purchase or take any or ill of the Propene through condemnation, eminent domain, or ary other means. Trustor authorizes Beneficiary to intervene in Trusmr's name to any of the above described actions or clain]s_ Trustor assigns to Beneficiary the proceeds of any, award or claim for dam condemnation ages connected with a condeation or other taking of all or any part of the Property_ Such proceeds shall be considered payments and will be applied as provided in this Security Instrument Thus assignment of proceeds is subject to the terms of any prior mortgage, decd of trust, secants agreement or other lien document. In.vmance. Trustor shell keep Property insured against loss by fire, flood, Ihefl and other hazards and risks reasonably issocrOcd with the Propels are to its n pe and location This insurance shall be maintained in the amounts and for the periods that Bcncficiary requims. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficum's approval, which shall not be unreasonably withheld. if Trustor fails to maintain the coverage described above. Bcncficiary may. at Benefician's option, obtain coverage to protect Beneficiary's rights in the Properly according to the terms of this Security Instrument. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where appliwbhq "loss payee clause." Tmstor shall immediately notify Beneficiary of camcellamion or termination of the insurance. Beneficiary shall have the right to hairlike policies and renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all receipts of paid premiums and renewal notices_ Upon toss, Tntsmr shall give immediate notice to the insurance carrier and Beneficiary. Beneficiary, may make proof of loss if not made inunediately by Trustor. Unless otherwise agreed in writing all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debi, whether or not then due. at Beneficiary's option Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Ally excess will be paid to the Trustor_ If due Property is acquired by Beneficiary, Tmstor's right to am' insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debi inunediately before the acquisition t a e 2 or a) 0,33" 9ank¢rsa'y5ems, Inc., St Qou J, MN Fenn OCRkr-0 &NE 1113199 ,�C.rt v 9 (M- m6661NE1 11o11 c2