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<br />200610052
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<br />LOAN NO.: W-0001322533
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<br />ORIGINAL
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<br />B. All f11ture advances from Beneficiary to Trustqr or other future obligations of Trustor to Beneficiary under any
<br />pronussory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after thiS
<br />S~curity Ip.strument whether or not this Security Instrument is specifically referenced, If more than one person signs
<br />thi~ Sel?Uflty Instrume,nt, each T:t;Ilstor agrees that this Security Instrument will secure all future advances and future
<br />obhgatlOns that are given to or mcurred by anyone or more Trustor, or anyone or more Trustor and others. All
<br />future advances and o~er future obligations are secured by this Security Instrument even though all or part may not
<br />yet be advanced, .All .futu~e advan~es and other future obh!{ations are se~ured as if made on the date of this Security
<br />Instrument. Nothmg m thiS Secunty Instrument shall constitute a comnutment to make additional or future loans or
<br />advances in any amount. Any such cOlmnitment must be agreed to in a separate writing.
<br />C. All otper obligatio!!s. Trustor . o~~s. to Beneficiary., whicp. may later ari~e, to the extent not prohibited by law,
<br />lllclu<!l1~.g, but not hnuted to, hablhtles for overdrafts relatmg to any deposit account agreement between Trustor and
<br />Benehc~a.rY ,
<br />D, All add1tlOnal SU1!l" 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 />SecuTlty Instrument.
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<br />~n the event that Beneficiary fails to provide any, neces~ary notice .o~' the rigp.t of re. scission with respec.t to .any add!tional
<br />llldebte~nes~ sf?cured un9-er paragraph B of thiS, SectlOl)., BenefiCiary waIVes any subs~quent secur!ty ,mterest m the
<br />Trustor s prmc1pal dwelhng that IS created by thiS Secunty Instrument (but does not waive the secunty mterest for the
<br />debts referenced in paragraph A of this Section).
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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 Debt and this Securiry Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to
<br />make additional extensioll" of credit and reduce the credit lilnit. 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,
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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 Secur!ty Inter~ts: With regard to any other mortgage, deed of trust, security agreement or other lien document that
<br />created a pnor secunty mterest 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 re~uire Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receiJlts evidencing
<br />Trustor s payment. Trustor will defend title to the Property against any claim" that would impair the lien 01 this Security
<br />Instrument. ~rustor agrees to assign to Beneficiar~, as req~estt;d by.Beneficiary, any rights, claims or defenses Trustor
<br />may have against partles who supply labor or matenals to mamtam 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 yrior written
<br />consent. Trustor will not p'ernnt any change in any license, restrictive covenant or easement without Benehciary's prior
<br />written consent. Trustor will notify Beneficiary of all demands, proceedings, claim<;, 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 insRection 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 mar, 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 nght to perform 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.
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<br />L~asehohJ.s; Condomini.ums; Planned Unit Developme~ts. Trustor agr~es to comp!y. with the provisions. of any lease if
<br />thiS Secur~ty Instrument IS on a leasehold,. If the Property 111c1udes a umt 111 a condonuplUm or a planned ~~t development,
<br />Trustor Will perform all of Trustor's dutIes under the covenants, by-laws, or regulatiOns of the condonumum or planned
<br />Ulnt 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 condenmation, ennnent domain, or any other means. Trustor
<br />authorizes -aeneficiary 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 tenns 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 agaill<;t 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 requires pursuant to the preceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providlng 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 Beneficiary's option. obtain coverage to protect Beneficiary's rights in the Property according to the terms of thiS
<br />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 />where applicaole, "loss payee clause," Trustor shall immediately notify Beneficiary of cancellation or terlnination of the
<br />insurance. Beneficiary shall have the right to hold the poliCies and renewals, If Beneficiary requires, Trustor shall
<br />~nl111ed!ately give to B\?neficiary all. receipts of pa,id prennUl}l.~ and renewal 1l0tiC~S.. UpO!!. loss, Tru~tor s~all give
<br />nllmed1ate notice to the Insurance carner and Beneficiary. Benehclary may make proof of loss If not made Immediately by
<br />Trustor.
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<br />Unless otherwise agreed in writing, all ill<;urance proceeds shall be applied to the restoration or repair of the Proferty or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option, Any application of proceeds to principa shall not
<br />extend or postpone the due date of the scheduled payment nor cliange the amount of any payment. Any excess will be paid
<br />to the Trustor. If the Property is acquired by Beneficiary, Trustor's rij:ht to any insurance oIicies and groceeds resulting
<br />from damage to the Property before the acquisition shall pass to Benehciary to the exte ec d Debt immediately
<br />before the acquisition.
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<br /><91994 Bankers Systems, Inc., St. Cloud, MN Form RFCOCPREDTN~ 41912002
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<br />(page 2 of 41
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