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200601040 B. All future advances from Beneficiary to Trustor or other future obligations of TTrustor t<? BfeneficiafryBundefir ~y promissory note, contract, guaranty, or other evidence of de~t executed by. rust<?r m avor 0 ene lClary executed after this Security Instrument whether or not this Secunty Instrum~nt IS specifically referen~d. If more than one person signs this Security Instrument, each Trustor agrees that this Secunty Instrument Will secure all future advances and future obligatIOns that are given to or incurr~d ~y anyone or more T~stor, <?r anyone or more Trustor and others. All future advances and other future obhgatlOns are secured by. thl~ Secunty Instrume~t even though all or part may not yet be advanced. All future advances and other future obltg~tlons are sec,:!red as If made on th~ date of this Security Instrument: Nothing in this Security Instrut,nent shall constitute a cOf!llIutment to make additIOnal or future loans or advances III any amount. Any such commitment must be agreed to m a separate writing. ..' h'b' d b I C. All other obligations Trustor owes to Beneficiary, which may later arise, .to the extent not pro lite yaw, including, but not limited to, liabilities for overdrafts relating to any depOSit account agreement between Trustor and Beneficiary. . .' . . D. All additional sums advanced and expenses incurred by Beneficiary for m~unng, preservms;. or otherwise protecting the Property and its value and any other sums advanced and expenses Illcurred by Beneficiary under the terms of this Security Instrument. In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respec! to ,any addi.tionaI indebtedness secured under paragraph B of this Section, Beneficiary waives any subs~quent secur.tty .Interest m the Trustor's principal dwelling that IS created by this Security Instrument (but does not Waive the secunty mterest for the debts referenced in paragraph A of this Section). 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this ~ecti?n are,material o~l,igations under the Secured Debt and this Security Instrument. If Trustor breaches any covenant III thiS sectlon, 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. Trustor 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 Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to perform or comply with all covenants. Trustor also agrees not to 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 wntten approval. Claims Against Title. Trustor will pay 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 due, Beneficiary may require Trustor to provide to Beneticiary copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, 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. Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property, Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, 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 Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will m no way rely on Beneficiary's inspection. Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrume~t, Benefic,iary may, ';Vilhout notice, perform or cause them to be performed. Trust?r appo,ints Beneficiary as attorney III fact to sign Trustor s name or pay any amount necessary for performance. BenefiCiary s nght 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. ~eas~holds; ~ondominium~; Planned Unit Developments. Tru,stor agrees to ,co,mply with th~ provisions of any lease If thiS Secunty Instrume!lt IS on a leasehold. If th~ Prop~rty mcludes a umt III a condomlllmm or a rlanned unit develop~~nt, Trustor Will perform all of Trustor s duties under the covenants, by-laws, or regulattons of the eondonumum or planned unit development. Co~~emnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public enttttes to purchase or take any or all of the Propert~ through condemnatlOn, eminent domain or any other means. Trustor authorizes Beneficiary to intervene in Trustor s name in any of the above described actibns or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or. any part of the P,roper~y. Such proceeds s~all be, considered payments and will be applied as provided in this Secunty Instrument., This assignment of proceeds IS subject to the terms of any prior mortgage, deed of trust, security agreement or other hen document. Insur:ance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated With the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods. that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to BenefiCiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above,. Beneficiary may, ~t Bene~ciary' s option, obtain coverage to protect Beneficiary's rights in the Property accordmg to the terms of thiS Secunty Instrument. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, ~here applicable, "!oss payee clause." :rrustor shall imme~i!ltely notify Beneficiary of cancellation or termination ?f the ~nsuranc~. BenefiCiary ~hall have th~ nght to ~old the pohcles and renewals. If Beneficiary requires, Trustor shall ~mmed~ately g}ve to Be!leficlary all ~ecelpts of pat~ premmms !lnd renewal notices. Upon loss, Trustor shall give Immediate notice to the tnsurance camer and Beneficiary. BenefiCiary may make proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing, all insurance procee4s shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not ex~end or postpone the due date of t~e sche~uled payment ~or change the amount of any payment. Any excess will be patd t.o the Trustor. If the Property IS acqmred by BenefiCIary, Trustor's right to any insurance policies and proceeds !"'wt"!g fmm dam'ge to the "",petty befo,e tbe acquisHion sball pass to Beneficiary to the ex_~. be cured Debt Immediately before the aequlSltlOn. , IPag1Lo 4) 01994 Bankers Systems, Inc" St. Cloud, MN Form OCP-REDT-NE 1/13/99 G.C466(NE) 199021.02 @ .