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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract., guaranty, or other evidence of debt executed by Trustof in favor of Beneficiary after this
<br />Security instrument whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Security instrument, each Trustor a Trees that this. Security Instrument will secure all future advances and future
<br />obligations that are given to or incurreT by any one or more Trustor, or any one or more 'Trustor and others. All
<br />future advances and other future obligations are secured by this Security Instrument even though all or part may not
<br />yet he advanced. All future advances and other future obligations are secured as if made on the date of this Security
<br />lnstrumcnt. Nothing in this Security Instrument. shall constitute a commitment to make additional or future loans or
<br />advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All other 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 Trustor and
<br />Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
<br />In the event that Beneficiary fails to provide any 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 principal dwelling that is created by this Security Instrument (but does not waive the security interest for the
<br />debts referenced in paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor 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 />inake 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 happens again.
<br />Payments. 'Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and this Security Instrument.
<br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees to snake all payments when due and to
<br />perforin or comply with all covenants. Trustor also agrees not to allow any modification or extension of, nor to request
<br />any future advances under any note or agreement. secured by the lien document. without Beneficiary's prior written
<br />approval.
<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encurnbranccs, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary
<br />may require 'Trustor, to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br />Trustor s payment. 'I rust-or will defend title to the Property against any claims (hat would impair the lien of this Security
<br />instrument. 'Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. 'Trustor shall not commit or allow any waste, impairment, or deterioration of the Property.
<br />Trustor a ees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br />Consent. Y, grustor will not permit any chan�c in any license, restrictive covenant or easement without. Beneficiary's prior
<br />written consent. 'Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of
<br />-- -.__
<br />-any-loss-or-damage-to -die Property,._
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an Inspection specifying a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit. and
<br />Trustor will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. if Trustor fails to perform any duty or any of the covenants contained in this Security Inst.runient,
<br />Beneficiary rnaY, without notice, perform or cause them to be performed. 'Trustor appoints Beneficiary as attorney in face
<br />to sign 'Trustor s name or pay any amount necessary for perforttlance. Beneficiary's right. t.o perforin for 'Trustor shall not
<br />create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Security instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if
<br />this Security Instrument is on a leasehold. if the Propperty includes a unit. in a condominium or a planned unit development,
<br />'Trustor will perforin all of Trustor's duties under the covenants, by -laws, or regulations of the condominium or planned
<br />unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br />entities to purchase or take any or all of the Property through coudemnat.lon, eminent domain, or any other means. ' Irustor
<br />authorizes Beneficiary to intervene in Trustor's naive in any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />ppail of the I'ropert.y. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />instrurnciit. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or
<br />other lien document.
<br />Insurance. 'Trustor 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. What Beneficiary re4wes pursuant to the preceding two sentences can change during the
<br />term of the loan. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary
<br />may, at Bcucf'iciary's option, obtain coverage to protect. Beneficiary's rights in the Property according to the terms of this
<br />Security Instrument.
<br />All insurance policies and renewals shall be acceptable (o Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, nm
<br />"loss payee clause." Trustor shall inrediat.ely notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. if Beneficiary requires, Trustor shall
<br />immediately �ivc to Beneficiary all receipts of paid premiums 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 by
<br />Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br />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 payment nor change the amount of any payment. Any excess will he paid
<br />Lo (he 'Trustor. It' the Property is acquired by Beneficiary, Trustor's ri�hl to any insurance olicies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt iutnrediately
<br />before the acquisition.
<br />(p 2 {\
<br />cx Lrta ?`? 1994 bankers Systems, Inc., St. Cloud, MN Farm OCP- REDT NE 1/31/2003 l�
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