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<br />200708170
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<br />B. All future advances from Beneficiary to Trustor or other future obligations of T~ustor to. Benefic~a~y un~er a~y
<br />promissory note, contract, guaranty, or other .evidence of de~t exe~u~ed by Trustor m favor of BenefiCIary after .this
<br />Security Instrument whether or not this Secunty Ins~rument .IS specIfIcally referenced. If more than one person ,sIgns
<br />this Security Instrument, each Trustor agrees that thIS Secunty Instrument wIll secure all future advances and future
<br />obligations that are given to or inc~rre~ by anyone or more. Trustor., or anyone or more Trustor and others. All
<br />future advances and other future oblIgatIons are secured by thIS Secunty Instrum~nt even though all or part may ~ot
<br />yet be advanced. All future advances and other future oblIg.ations are se~ured as If made on. ~he date ot thIS Secunty
<br />Instrument. Nothing in this Security Ins!rument shall constItute '.I commItment t~. make addItIOnal or future loans or
<br />advances in any amount. Any such commItment must be a~reed to m a separ!lte wntmg. . .
<br />C. All other obligations Trustor owes to Beneficiary, WhICh may later anse, 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 sums advanced and expenses mcurred by BenefICIary f<?r Insunng, prese~v!ng or otherwIse protectmg
<br />the Property and its value and any other sums advanced and expenses mcurred by BenefIcIary under the terms of thIS
<br />Security Instrument.
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<br />In the event th~t ~enefici'.lry fails to ~rovi~e. any req~ired no.tice of the right of r.escission, Beneficiary waives any
<br />subsequent secunty mterest m the Trustor s pnnclpal dwellmg that IS created by thIS Secunty 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 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 1 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. 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 re9-uire 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. ~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 to mamtam or Improve the Property.
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<br />Property Condition, Alterati~ns and Inspection. Tf!lstor will keep the Property. in good condit~on ~d make all repairs
<br />that are reasonably necessary. frustor shall not commIt or allow any waste, ImpaIrment, or detenoratlon 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 chan~e 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 />Be~eficiary or Beneficiary's agents . n:.ray , at Beneficiary's option,. enter the P~operty at any ,reasona~le tim~ for the .~urpose
<br />of Inspectmg the Property. BenefICIary shall gIve Trustor notIce at the tIme of or before an mspectIon specrfymg 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 Trust~)r s. name or pay any amount .n~cessary .for performance. I;3eneficiary's right to p~rform for Trust.o~ shall not
<br />create an oblIgatIon to perform, and BenefICIary's faIlure to perfonn WIll not preclude BenefICIary from exerclsmg 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, bYmlaws, or regulations of the condominium or planned
<br />unit development.
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<br />Condellll1ation. 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 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 />Instru~ent. 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. What Beneficiary reguires pursuant to the preceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providmg 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 />Secunty Instrument.
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<br />All insuran~e polic~es and renewals s~,all be acceptabl~ to B~neficiary. ~nd shal~. i!rclude a standar~ "mortgag~ clause" and,
<br />where applIcable, loss payee clause. Trustor shall ImmedIately notIfy BenefIcrary of cancellatlOn or termmation of the
<br />~uraIlpe. Be~eficiary shal~ pave the rig~t to hold. the po~icles and renewals. If Beneficiary requires, Trustor shall
<br />!lllffied!ately ~Ive to B~nefIcIary all .receIpts of paId premIUllls and renewal notices. Upon loss, Trustor shall give
<br />ImmedIate notIce to the msurance carner and BenefIciary. Beneficiary may make proof of loss if not made inrmediately by
<br />Trustor.
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<br />Unle~s ,otherwise agreed in writing, all insurance proce~~s s~all be. applied to the. re~toration or repair of ~e ~roperty or to
<br />the Secured Debt, whether or not then due, at BenefICIary s optIon. Any applIcatIon of proceeds to pnncIpal shall not
<br />extend or postpone the due date. of the. scheduled pay~ent nor cha~ge .the amount ?f any paymt;n~. Any excess will be paid
<br />t? the Trustor. If the Property IS acqUIred by' ~~neficrary, Trustor s f1ght to any msurance polICIes and proceeds resulting
<br />from damage to the Property before the acqUIsIlIon shall pass to BenefIciary to the extent of the Secured Debt inrmediately
<br />before the acquisition. (page 2 of 4)
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<br />~ @ 1994 Bankers Systems. Inc.. St. Cloud, MN form OCP,REDT.NE 511012005
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