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<br />200701799
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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trust.or to ~t;neficiary u.nder ~ny
<br />promissory note, contract, guaranty, or o.ther evi.dence of debt ~xecut~d by Trustor In favor of BeneficIary after
<br />this Secunty Instrument whether or not thIS Secunty Inst~ment I~ specIfically ref~renced. If more than one person
<br />signs this Security Instrument, each Trustor agrees that thIS Secunty Instrument wIll secure all future advances and
<br />future obligations that are given to or incurred by anyone or more Trustor, or anyone or more Trustor and others.
<br />All future advances and other future obligations are secured by this Security Instrument even though all or part
<br />may not yet be advanced. All future advances and other future obligatio.ns are secure~ as if made on the d~t~ of this
<br />Security Instrument. Nothing in this Security Instrum~nt shall constItute a cOf!1mItment to m~~e addItIOnal or
<br />future loans or advances in any amount. Any such commItment must be agreed to m a separate wntIng.
<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
<br />and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for in~uring, preserving.or otherwise
<br />protecting the Property and its value and any other sums advanced and expenses mcurred by BenefICIary under the
<br />terms of this Security Instrument.
<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 created by this Security Instrument.
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<br />S. DEED OF TRUST COVENANTS. TIUStOrdlSr...,." tblat the oovenant&in..1his ge<'tinn 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 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 Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document
<br />that created a prior security interest or encumbrance on the Property, Trustor agrees to ~ake. all payments. when due and
<br />to perform or comply with all covenants. Trustor also agrees not to allow any modIficatIon or extenSIOn of, nor to
<br />request any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br />wntten 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 require 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
<br />Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses
<br />Trustor may have against parties who supply labor or materials to maintain or improve the Property.
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<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all
<br />repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the
<br />Property. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's
<br />prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without
<br />Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions
<br />against Trustor, and of 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
<br />_._.______J.!!!:Rose ~f inspecti7~l~. ~!~2eT!.Y' .~~neficiary shall give Trustor notice at the time of or. before an insp~ction
<br />specifying a reasona jJe purpose tor the InspectIon. f\uy lflspecriolI of the-Property -stnrltbc entIrely for Bencficlary's
<br />benefit and 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
<br />Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustor's name or pay any amount necessary for J?erformance. Beneficiary s right to perform for
<br />Trustor shall not create an obligation to perform, and Beneficiary's fallure to perform will not preclude Beneficiary
<br />from exercising any of 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
<br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condomimum or a planned unit
<br />development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the
<br />condominium or planned unit development.
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<br />Co~~emnation. Trustor will give Beneficiary prompt notice of any pendin~ 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.
<br />Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or claims. Trustor
<br />assigns to Beneficiary the proceeds of any award or claim for damages connected with a condenmation or other taking of
<br />all or. any part of the ~roper.ty. Such proceeds sh.all be. considered payments and. will be applied as provided in this
<br />Secunty Instrument.. ThIS aSSIgnment of proceeds IS subject to the terms of any pnor mortgage, deed of trust, security
<br />agreement or other hen document.
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<br />Insurance. Trustor shall keep Property insured against loss by fire, t1ood, 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. Wh~t Beneficiary .requires.p~rsuant ~o the preceding two sentences can change during
<br />the term of the Secured Debt. The Insurance carner proVIdIng the Insurance shall be chosen by Trustor subject to
<br />Beneficiary's .aI?proval, which shall ~ot qe unr~asonab]y. withheld. If Trustor fails to maintain the coverage described
<br />above,. BenefICIary may, ~t Bene1}clary s optIOn, obtaIn coverage to protect Beneficiary's rights in the Property
<br />accordmg tathe termsaf thIS Secunty Instrument. -
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<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause"
<br />and, ",:here applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination
<br />?f the ~nsuranc~. Beneficiary ~hall have th~ right to ~old the policies and renewals. If Beneficiary requires, Trustor shall
<br />~mmed~ate]y g.lve to Be!1ehclary all ~eceIpts of pal~ premIUms ~nd renewal notices. Upon loss, Trustor shall give
<br />ImmedIate notIce to the Insurance carner and BeneficIary. BenefiCIary may make proof of loss if not made immediately
<br />by 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
<br />to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />ex~end or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be
<br />paId t.o the Trustor. If the Property is acquired by Be!1~f!ciary, Trustor's right to any insurance policies and proceeds
<br />resultmg from damage to the Property before the acqulSltIon shall pass to Beneficiary to the extent of the Secured Debt
<br />immediately before the acquisition.
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<br />C-07-02-20-000079
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<br />(page 2 of 4)
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<br />Ex{5iiii=B.@ 01994 Bankers Systems, Ine.. St. Cloud, MN Form OCP-REDT-NE 5/10/2005
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<br />. "C465(NE) 105061
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