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<br />200601603
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<br />5.
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<br />D. All f~ture advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary undcr any
<br />promIssory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br />after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one
<br />person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future
<br />advances and future obligations that are given to or incurred by anyone or more Trustor, or anyone or more Trustor
<br />and others. All future advances and other future obligations are secured by this Security Instrument even though all
<br />or part may not yet be advanced. All future advances and other future oblIgations are secured as if made on the date
<br />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 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 />includi~g, 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 P~operty and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Secunty Instrument.
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<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).
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<br />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 />make additional extensions of credit and reduce the credit limit. By not exercisin~ either remedy on Trustor's breach,
<br />Benetlciary does not waive Beneficiary's right to later consider the event a breach if It happens again.
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<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.
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<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 make all payments when due and to
<br />perform 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 wntten
<br />approval.
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<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary
<br />may re9uire Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br />Trustor s payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. Trustor agrees to assign to Benetlciary, 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.
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<br />Property Condition, Alterations and Insfection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. Trustor shal not commit or allow any waste, Impairment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br />consent. Trustor will not permit any change 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 />any loss or damage to the Property.
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<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose
<br />of inspectmg 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.
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<br />Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not
<br />create an obligation to perform, and Beneticiary's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Security Instrument.
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<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if
<br />this Secur~ty Inst~ument is on a leasehold.. If the Property includes a umt in a condomi~um or a planned ~n!t development,
<br />Trustor WIll pertorm all of Trustor's dutIes under the covenants, by-laws, or regulatIons of the condominIUm or planned
<br />unit development.
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<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 condemnation, eminent domain, or any other means. 1 rustor
<br />authorizes Beneficiary to intervene in Trustor's name 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 />part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or
<br />other lien document.
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<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. The insurance carrier providing the insurance shall be chosen by Trustor subject to
<br />Beneficiary's approval, whIch shall not be unreasonably withheld. If Trustor fails to maintain the coverage described
<br />above, BeneficIary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according
<br />to the terms of thIS Security Instrument.
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<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />~here applicable,. '.'loss payee clause." T.rustor shall immediat.ely notify Beneficiary of can~e~lation or. termination of the
<br />lllSUrance. BenefICIary shall have the nght to hold the polICIes and renewals. If BenefICIary reqmres, Trustor s~all
<br />immediately give 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.
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<br />Unless otherwise agreed in writing, all insurance proce~~s s~a.ll be. applied to the. res.toratiC!n or repair of t~e ~rorerty or to
<br />the Secured Debt, whether or not then due, at BeneflClary s optIOn. Any applIcatIon at proceeds to pnnclpa. shall n~)t
<br />extend or postpone the due date. of the. scheduled pay~ent nor cha~ge ~he amount 9f any paymt;n~. Any excess WIll be p!lld
<br />to the Trustor. If the Property IS acqmred by BenefIcIary, Trustor s nght to any Insurance polICIes and proceeds resultmg
<br />from damage to the Property before the acquisition shall pass to BenefIciary to the extent of the Secured Debt immediately
<br />before the acquisition. (paUr$.'1/1
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<br />@1994 Banke.. Sy.tem',lne., St. Cloud, MN Form OCP.REOT.NE 1/13/99 1~13 ~
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