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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Bcneficiary under any
<br />promissory notc, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrument whcther or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Security Instrument, each Trustor agrees that this Security Instrument will 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. All
<br />future advances and other future ohligations are secured hy t~is Security Instrum~~t even though all or. partI"!1ay ~ot
<br />yet be advanced. All future advances and other future obligatIOns are secured as If made on the date of thiS Secunty
<br />Instrument. 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, hut not limited to, liabilities for overdrafts relating 10 any deposit account agreement between Trustor and
<br />Beneficiary .
<br />D. All additional s~s advanced and expenses incurred by Beneficiary f,?r insuring, prese!:,~ng or otherwise protectin~
<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 provide any required notice of the right of rescission, Beneficiary waives any
<br />subsequent security interest in the Trustor's principal dwelling that is creatcd by thiS Security Instrument.
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<br />M 'l"ltfJST e<JVENMft'S,- Truffro1'- agrcal tllM --the "eovettRtltSi~ -lreCtioB- -are - mate-rial obligations -ande-r - me.
<br />Secured Dcbt 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 exercising either remedy on Trustor's breach,
<br />Beneficiary does not waivc Bcncficiary's right to later consider the event a breach if it happens again.
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<br />Payments. Trustor agrees Ihat all payments under the Secured Debt will be paid when due and in accordance with the
<br />tenns of the Secured Debt and this Security Instrwnent. .
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<br />Plior Security Interests. With regard to any other mortgage, dced of trust, security agreement or other lien document that
<br />created a prior security interest or encumbrance on the Properly, Trustor agrecs to make all payments when due and to ..
<br />perfonn 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 licn document without Bencficiary' s prior wntten
<br />approval.
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<br />Claims Against Title. Trustor will pay all taxes (including any tax asscssed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilities, and other charges relating to thc Property when due. Beneficiary
<br />may re9uire Trustor to provide to Beneficiary copies of all notices that such amounts are due and the reccipts evidencing
<br />Trustor s payment. Trustor will d~fend title to. t~e ProperlY against any cla~n.s that woul.d impair .the lien o~ this Security
<br />Instrument. Trustor agrees to assign to BencflClary, as requested by BenefIciary, any nghts, clamlS or defenses Trustor
<br />may have against parties who supply labor or materials to mallltain or llllProve 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 are reasonably necessary. Trustorshal not commit or allow any waste, illlpairment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and usc will not substantially change without Beneficiary's prior written
<br />consent. Trustor will not pcnuit any change in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Bcneficiary of all dcmands, 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 reasonahle timc for the purpose
<br />of inspecting the Property. Beneficiaty shall give Trustor notice at the time of or before an inspection specifying a
<br />reasonahle 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 thc covcnants contained in this Security Instrwnent,
<br />Beneficiary Illay, without notice, perfonll or cause thcm to be perfonned. Trustor appoints Beneficiary as attorncy in fact
<br />to sign Trust~)r s. name or pay any amount"n~ccssal}' ,for pcrfom~ance. ~eneficiary's right to p~rform for Trust.o~ shall not.
<br />create an obligatIOn to perfonn, and BenefICiary's failure to perfonll Will not preelude BenefiCiary from exercIslllg 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 Instrwnent is on a leasehold. If the Property ineludes a unit in a condominium or a planned unit development,
<br />Trustor will perfoffil all of Trustor's duties under the covcnants, by-laws, or regulations of the condominium or planned
<br />unit development.
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<br />Condemnation. Trustor will give Bencficiary 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 1lcneficiary to intervene in Trustor's name in any of the ahove described actions or claims. Trustor assigns to
<br />Bencficiary the proceeds of any award or claim for datuages connected with a condemnation or other taking of all or any
<br />part of Ihe Properly. Such proceeds shall be considered paymcnts and will be applied as provided in this Security
<br />Instrumcnt. This assigmllem of proceeds is subject to the tenus 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 he maintained in the amounts and for the
<br />periods that !3eneficiary re9~ire.s. What Bene~iciary r~~uires p~rsuant to the preceding two sentences ca.n change du~iI~g thc
<br />tenn ot the Secured Debt. 'the Insurance carner provldmg the Insurance shall be chosen by Trustor subject to BenefiCiary's
<br />approval, which shall not be unreasonably witltheld. If Trustor fails to maintain the coverage described above, Beneficiary
<br />may, .at Beneficiary's option, obtain coverage to protect Beneficiary's rights in tlte Property according to the terms of this
<br />Security Instrument.
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<br />All iosuran~e policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />y.'here apphcable:. :'Ioss payee clause." Trustor shall immediately notifY Beneficiary of cancellation or tenllination of the
<br />~nsuranpe. Be~ellclary shal.~ .have the rig~t to hold. the poliCies and renewals. If Beneficiary requires, Trustor shall
<br />!fllllled!atcly ~Ive to HenefIcmry all recclpts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />llumedlate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately hy
<br />Trustor.
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<br />Unlcss otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or rcpair 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 theTr~stor. If the Property i~ acquired by ~~neficiary, Trustor's rig~t to any insurance policies and procee.ds res~lting
<br />fro!H damage t<? ~~c Property helore the acqUiSitIOn shall pass to BenefiCiary to the extent of the Secured Debt numedlately
<br />hetore the acquIsitIOn. ~)'P/2 of 4)
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<br />~@ @ 1994 Bankers Systems. Ino.. St. Cloud, MN Form OCP-REDT-NE 511012005 C ~
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