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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 evidence of debt executed by Trustor in favor of Beneficiary after th1S
<br />Security Instrument whether 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 obligations are secured by this Security Instrument even though all or part may not
<br />yetbe advanced. All future advances andother future obhgations are secured as if made on the date of this Security
<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, 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 incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
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<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional
<br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the
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<br />_ r~~;~~lefe~~~~~ :;:~li~:h t~a~f~h1~eg~~~i~l). this security_ Instrument (b~~ ~oesnot_~a~~e t~~ .~~curitYi:~~~est_f~r th~_
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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 Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if 1t 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 covenan. ts. 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 receipts evidencing
<br />Trustor s payment. Trustor will defend title to the Property against any claims that would impair the lien 01 this Security
<br />Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against part1eS who supply labor or materials to maintain or improve the Property.
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<br />Property Condition, Alterations and Insfection. Trustor will keep the Property in good condition and make al~ repairs
<br />that are reasonably necessary. Trustor shal not commit or allow any. waste, 1mpairmeQt, or deterioration 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 change in any license, restrictive covenant or easement without Benef1ciary's prior
<br />written consent. Trustor will notify Beneffciary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
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<br />" . ...l <.-1.- -... 1; , ....~ 1 l. 1, .. . c. y'aT"anyll~asoilaolc liTI~'p'urpose-
<br />of inspectmg the Property. eneficiary shall give rustor notice at the time of or before an inspection spec1fying a
<br />reasonable purpose for the in~ection. Any inspection of tlte 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 Perfonn. 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 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 tltis Security Instrument.
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<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with tlte provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a umt in a condominium or a plamted unit development,
<br />Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominium or p1anned
<br />unit development.
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<br />Condemnation. Trustor .will give Beneficiary . prompt notice of any pending .or threatened action, by private Of public
<br />entities to purchase or take any or all of tlte 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 tlte Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />Instrument. This ass1gnment of proceeds is subject to the terms of any prior mortgage, oeed of trust, security agreement or
<br />other lien document.
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<br />Insurance. Trustor shall keep Property insured against loss by fire, floodh theft and other hazards and risks reasonably
<br />associated with the Property due to its type and location. This insurance s all 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 loan. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's
<br />~, which ~Bal.! not be unreasonablywithbe1dJLTrustodails.to..maintaiILtbe...coverage described above. BeneflriillY_._____
<br />~_&:~t~=:s optiop...o~t~i!l_ cgy~r,,!geto ~!i!t~t I!~Q~fi~i~'s rjgb~_sjnJh~ ?t:.91!<;:~y-.accQrding to tl1f; terms of this .
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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 applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary Shall have the right to hold the polic1es ana renewals. If Beneficiary requires, Trustor shall
<br />immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate not1ce 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 expess will be paid
<br />to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and Ql'oceeds resulting
<br />from damage to the Property before the acquisition shall pass to Benef1ciary to the extent ofthe SecuredTIebt immediately
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<br />before the acquisition. . tI!;/ ;Cilj
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<br />~ ~ 1994 Bankers Systems, Inc., St. Cloud. MN Form OCP.REDT-NE 1/31/2003 ~
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