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:~ .. rt. 200810281 s. l'~ .r"~ \"". IT> j!; ;:~~~ ~\ :' \~,.~ ';,.'.: :~:\',..:> '!~' l"~~': B. All f\llure advance. s from BeneficiaJ.. :'~h~lsto~. orl 0.. tii~r .fu.':.tu~~'. obligations of Trust.or to Beneficiary. u.nder any promIssory note, contract, guaranty J or ~mh~r eYldepce of ;deb~ ,.pxecuted by Trustor III favor of BenefICIary after this Secunty Instrument whether or qot t/;lis Security') InstruItfent'is specifically referenced. If more than one person signs this .Sec~rity Instrume!lt, each T!'l~tor I\lgr~es t~at this S,ecurit,Y Instrument will secure all future advances and future obhgatlOns that are gIven to 04 IllctJrn!d by anyone or ,~nore rrustor, or anyone or more Trustor and others. All future advances and otherfuturd obligations are secured by'this Security Instrument even though all or part may ~ot yet be advanced. ~1l ~ture .~dv<{nce~ and ot~er futur,~ obligatio.ns are secure~ as if made on the d~t~ of this Secunty Instrument. Nothll1g III thl~. S~cuQty Instrument shalhconstltute a comrrutme.'nt to make additIOnal or future loans or advances in any amouht. Any1such commitment Intist be agreed to in a separate writing. C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to <my deposit account agreement betweeIl Trustor and Beneficiary. D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by BenefIciary under the terms of this Security Instrument. In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives any subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercisin& either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a breach it it happens again. Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. Prior Security Interests. With regard to any other mortgage, deed of tmst, security agreement or other lien document that created a prior security interest or encumbrance on the Propcrty, Trustor agrees to make all payments when due and to perform Of r.onlply \vith ~H covenants. Trustor ab~o ag~'ecs not to uHo.v/ ~.ny ~odification or extension of, nor to request any future advanccs under any note or agreement secured by the lien document without Beneficiary's prior wntten approval. Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or materials to maintain or improve the Property. Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. Tmstor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property. . Beneficiary or Benetkiary's agents may, at Beneficiary's option, enter the Propel1y at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Tmstor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will 111 no way rely on Beneficiary's inspection. Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact to sign Trustor's name or pay any amount necessary for I?erformance. Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's fmlure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security Instmment. Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condomimum or a planned unit development, Tmstor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominium or planned unit development. Condemnation. Tmstor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to purchase or take any or all of the Property through condemnatIon, eminent domain, or any other means. Tmstor authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any pal1 of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agrp.f~ment or other lien document. Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall be n~aintained in the amounts and for the periods that Beneficiary requires. What Beneficiary requires pursuant to the precedmg two sentences can change dunng the tenn of the Secured Debt. The insurance carrier providing lhe insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall. npt be unr~asonably. withheld. If Trustor fails to rp.~int~in t~e co,:,erage described above, Beneficiary may, at BenefIciary's optIOn, obtam coverage to protect BeneficIary s nghts m the Property according to the terms of this Security Instrument. . Ail insurance policies and renewals shall be acceptable t~ Bene~iciary an~ shall in.c1.ude a standard :'mortgage <:Iau~e" and, ",,:here applicable,. "~oss payee clause." ~rrustor shall ImmC~I~tely no~tfy BenefIcIary of .~ancelIatl~)ll or terrnmatlOn of the lIlsurance. BenetJcmry shall have the fight to hold the pohcles and lenewals. .If Beneficiary reqUIres, Trustor sh.all immediately give to Beneficiary all receipts of paid prenlllllns and renewal notIces. Upon ~oss, Tmstor shall. gIVe immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss If not made Immediately by Tmstor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal sha~l not extend or postpone the due date of the scheduled payment nor change the amount of any payment. ~n'y excess wIll be paid to the Trustor. If the Property is acquired by Be.n~~iciary, Trustor's right.y? any msurance poltcles and proceeds resultin. g from damage to the Property before the acquIsItIOn shall pass to BeneficIary to the extent of the Secured Debt immediately before the acquisition. C-08-12-01-000005 ~@ 01994 Bankers System,;, 1010" St, Cloud, MN Form OCp..R"DT-NE 5/10/2005 G -C465{NE) (0506) (~ s. (P7~'-Il. t <'" ~b:L. L e