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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 evidcnce of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrwnent whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Security Instrument, eac. h Trustor agrees that this Security Instrwnent win secure all future advances and future
<br />obligations that are given to or incurred by anyone or more Trustor, or anyone or more Trustor and others. 1\11
<br />future advances and other future obligations are secured by this Security Instrwnent even though all or part may not
<br />yet be advanced. All future advanccs and other future obligations arc secured as if made on the date of this Security
<br />Instrwnent. Nothing in this Security Instrwnent shall constitute a commitment to make additional or future loans or
<br />advances in any amount. Any such conmlitment 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 sll1l1s advanced and expenses incurred by Beneficiary f,!r insuring, preser:v~ng or otherwise prote~tin~
<br />the Property and Its value and any otlier sums advanced and expenses lllcurred by BenefICiary under the terms of thIS
<br />Security Instrument,
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<br />In the event that Beneficiary fails to ~rovide any required notice of the right of rescission, Beneficiary waives any
<br />subsequent security interest in the Trustor s principal dwelling that is created by thiS Security Instrument.
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<br />5. DEED OF-TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the
<br />Secured L?l?bt and this ,Security Ins~rwnent. If Trustor br~ac~es, any covenant i!l,this ~ection, Beneficia,1)' may refuse to
<br />make additional extenslOns of credIt and reduce the credit huut. By not exerclsmg eIther remedy on I rustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again,
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<br />Payments. Trusror agrees that all payments under the Secured Debt win be paid when due and in accordance with the
<br />terms of the Sccured Debt and this Security Instrwnent.
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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 encwnbrance on the Property, Trustor agrees ,t!? ll0ke all paym~nts when due and to
<br />perform or comply WIth all covenants. Trustor also agrees not to allow any modifIcation or extenslOn of, nor to req,uest
<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 win pay all taxe~. (including any tax assessed ~o this Deed of Trust), assessments, !i~ns,
<br />encumbranccs, lease payments, ground rents, utlhtles, and other charges rclatmg to the Property when due. BenefICiary
<br />may re9uire Trusror to provide ro Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br />Trustor s payment. Trustor win defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. ~rustor ~grees to assign to Beneficia~y, as reques,ted by Beneficiary, any rights, claims or defenses Trustor
<br />may have agamst parties who supply labor or matenals ro mamtalll or Illlprove the Property.
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<br />Property Condition, Alterations and Insrection. Trustor will keep the Property in good condition and make all repairs
<br />that arc reasonably necessary. Trustor shal not conunit or allow any waste, Illlpairment, or deterioration of the Property.
<br />Trustor agr.ees that the nature of the occupancy and use win not substantially change without Beneficiary's prior wriuen
<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, entcr the Property at any reasonable time for the purpose
<br />of inspectmg the Property. Bencficiary 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 perfonn any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perfonn 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 perfonnance. Beneficiary's right to perform for Trustor shall not
<br />create an obligation to perform, and Beneficiary's failure to perfoml 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 Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit development,
<br />Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominiwn 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. Trustor
<br />authorizes Tkneficiary to intervcne 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 />lnstrwnent. This assignment of proceeds is subject to the temlS 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 tho e
<br />periods that Beneficiary requires. What Beneficiary reauires pursuant to the rreceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providing the insurance shal 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 Beneficiary's option, ohtain coverage to protect Beneficiary's rights in the Property according to the terms of this
<br />Secunty Instrument.
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<br />All insuran7e polic~es and renewals shall, be acceptabl~ to B~neficiary. and shalt i!lclude. a standar~ "mortgagt; cl~use" and,
<br />:-vhere apphcable" . loss payee clause." I,rustor ShalllIlunedJat,el.Y. notify BeneftcIary of can~e!latlOn or,temunatlOn of thc
<br />!nsura":ce. Be~eflclary shal! .have the ng~lt to hold, the pO~lcles and renewals. If BenefiCIary reqUIres, Trustor s~ll
<br />Illlmedlately &IVe to Beneftclary all receipts of paId premmms and renewal nOl1ces. lJpon loss, Trustor shall gIve
<br />inmlediale nOl1ce 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 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 be paid
<br />to the Trustor. If the Property is acquired by ~~neficiary, Trustor' s ri~~t to any insurance policies and rocet;ds res,:,lting
<br />from damage tl! ~~e Property before the acqUlSI110n shall pass to BenefICiary to the extent or the Secure bt nnmedlately
<br />before the acqUlsltlOn. (p"ge 2 of 41
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<br />~@ @ 1994 Bankers Systems, Ino" St. Cloud, MN Form OCP-REDTNE 5/10/2005
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