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<br />20051007Lf
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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Benet1ciary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Se~urity Instrume!lt, each T~ustor agrees that this Security Instrument will secure all futl}re advances and future
<br />obligations that are gIven to or lllcurred by anyone or more Trustor, or anyone or more frustor and others. All
<br />future advances and other future obligations are ~ecured by t~is Security Instrum~~t even though all or. pa~t may l'!ot
<br />yet be advanced, ,All ,lutu~e advan~es and other future oblig.atlOns are se~ured as 11 made on, t.he date 0,1 this Secunty
<br />Instrument. Nothlllg m thIS Secunty 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 sUf!ls advanced and expenses incurred by Beneficiary f<?r insuring, preseEv~ng or otherwise prote~ting
<br />the P~operty and Its value and any other sums advanced and expenses lllcurred by BenefIcIary under the terms of thIS
<br />Secunty 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
<br />Trustor's princip,al dwelling that .IS .create~ by this Security Instrument (but does not waive the security interest for the
<br />debts referenced III paragraph A 01 thIS SectIOn).
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<br />DEED OF TRUST ~OVE~ANTS. Trustor ?grees that the covenants in this .seeti9n are. material qb!igations under the
<br />Secured Debt and thIS Secunty Instrument. If Trustor breaches any covenant III this sectam, BenefICIa!] 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 that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to
<br />perfo~m or comply with all covenants. Trustor also agrees not to alia,?, any modificatic.m or extensi.oJ.l of, nor. to request
<br />any future advances under any note or agreement secured by the hen document wIthout BenefIcIary's pnor 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, utilitlCs, and other charges relating to the Property when due. Beneficiary
<br />may reguire 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. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to mamtain 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 C?f the occupan~y and ~se will not ~u~stantially change without B.eneficiary's p~ior writ~en
<br />co~sent. Trustor WIll not p'ermlt ,~ny chang~ III a~y hcense, restnctlve ~ovenant .or easement. WIthout. Be~eflclary's pnor
<br />wntten consent, Trustor WIll nottfy BenefIcIary of all demands, proceedlllgs, claIms, and actIOns agalllst frustor, 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 inspectlllg the Property, .Benefi~iary shall, give Trusto! notice at the time of or. befor~ an insp'e~tio~ specifying a
<br />reasonable purpose for the lllspectlOn. Any mspectlOn 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 St:curity Instrument,
<br />Ben~fic~a,ry ma~, without notice, perform or cause them to be performed. T~u~tor appoints Beneficiary as attorney in fact
<br />to SIgn 1 rust~)r s. name or pay any amount ..n~cessary .for performance. ~eneflclary's nght to p~rform for Trust.o! shall not.
<br />crt:ate an obl1gatlOn to perform, and Beneftclary's faIlure to perform WIll not preclude Beneftclary from exerclslllg any of
<br />Beneficiary's other rights under the law or this Security Instrument.
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<br />Leasehol~s; Condomini~ms; Planned Unit Developmen,ts. Trustor agr~t:s to comp!y, with the provisions, of any lease if
<br />tIus Secunty Instrument tS on a leasehold. If tht: Property mcludes a umt m a condommlLlm or a planncd umt development,
<br />Trustor will perform all of Trustor's duties under the covenants, by~laws, or rt:gulations of the condominium or planned
<br />unit development.
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<br />Co~~emnation. Trustor will give Ben~ficiary prompt notict: of any p~nding qr threaten~d action, by private or public
<br />entItles to purchase or take any or all of the Property through condemnatIon, emment domalll, or any other means. lrustor
<br />autho~i~es Beneficiary to intervene in Trusto( s ~ame in any of the abovt: described actiqns or claims. T~ustor assigns to
<br />Beneftcwry the proceeds of any award or claIm for damages connectt:d WIth a condemnatIOn or other takmg of aU or any
<br />part of the Property. Such proceeds shall be considered payments and will bt: applied as provided in this Security
<br />Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agrt:t:mt:nt or
<br />other lit:n 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 Bent:ficiary rt:quires 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 />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 "mortgagt: clause" and,
<br />~here applicable~, :'loss payee clause." T.rustor shall immt:diat,dy notify Beneficiary of can~e~lation or. termination of the
<br />msurance. BenefICIary shall have tht: nght to hold the pol1cles and renewals. If BenefICIary reqUIres, Trustor shall
<br />~mmed!ately give to B~neficiary all ,receipts of pa,id premiUlps, and renewal notic~s.. Upo~ loss, Trll~tor s~all give
<br />1111lnedlate notICe to the msurance carner 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 Proferty or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proct:eds to principa 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 />t.o the Trustor. If the Property i~ acquired by' ~~neficiary, Trustor' s r~g~t to any insurance policies and J:lI"ocet:ds res~lfting
<br />from damage to the Property before the acqUIsItIon shall pass to BeneftClary to the extent of the Secured Debt ImmedIately
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<br />=;e :c~::~:t::::r~ Systems,lnc, St. Cloud, MN Form OCP-REDT-NE 1/31/2003 6i{J:;) (pa:fill~
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