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200900856 5. B. All future advances from Beneficiary to Trustor or other future obligations of T~us~or to ~enefic~a~y under a~y promissory note, contract, guaranty, <;Ir other .evidence of de~t exe~l!.ted by T!ustor m f~vor of BeneflClary after .thls Security Instrument whether or not thIs Secunty Inst.rument ,IS speclftcally re!erenced. It more than one person sIgns this Security Instrument, each Trustor agrees that thIS Secunty Instrument WIll secure all future advances and funlre obligations that are given to or incurred by anyone or more Trustor, or anyone or more Trustor and others. All future advances and other future obligations are secured by t~is Security Instrum~nt even though all or part ~ay ~ot yet be advanced. All future advances and other future obhgatlons are secured as If made on the date of thIS Secunty Instrument. Nothing in this Security Ins!rument shall constitute ~ commitment t~. make additional or future loans or advances in any amount. Any such commItment must be agreed to m a separate wntmg, . 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 any deposit account agreement between Trustor and Beneficiary. ," . ... .' . . D. All additional sums advanced and expenses mcurred by Beneftclary for msunng, preservmg or otherwIse protectm,g 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, Beneficial}' may refuse to make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a breach if 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, dced of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to perform or comply with all covenants. .Trustor also agrees not to allo>>, any modificati<;ln or extens!9J.l o~, nor, to request any future advances under any note or agreement secured by the hen document WIthout Beneftclary s pnor 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 rel;Juire 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. 1.'rustor ~grees to assign to Beneficia~y, as reques,ted by Beneficiary, any rights, claims or defenses Trustor may have agamst partles who supply labor or matenals to mamtam or Improve the Property, Property Condition, Alterati~ns and Inspection. T~stor will keep the Property. in good condit!on ~nd m!'lke all repairs that are reasonably necessary. frustor shall not commIt or allow any waste, Impairment, or detenoratlon of the Property, Trustor agrees that ,the nature ~f the occupan<:y and ,-!se will not ~u~stantially change without B,eneficiary's p~ior ,writt,en consent. Trustor WIll not permIt any chan,ge many hcense, restnctlve covenant or easement WIthout BenefICIary s pnor 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 Beneficiary's agents may~ at-Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Trustor 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 in 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 Trust~)r s. name or pay any amount ,n~cessary .for performance, ~eneficiary's right to .r::rform for Trus~o~ shall not, create an obhgatlon to perform, and BenefICiary's failure to perform WIll not preclude Beneftclary from exerclsmg any of Beneficiary's other rights under the law or this Security Instrument. 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 condominium or a planned unit development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominium or planned unit development. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to IJurchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor 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 part 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 agreement 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 duc to its type and location. This insurance shall be maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary re~uires pursuant to the yreceding two sentences can change during the term of the Secured Debt. The insurance carrier providmg the insurance shal be chosen by Trustor subject to Beneficiary's approval, whi~h. sh~ll not, be unre~sonably withheld. If Trustor, ~ails to l,l1aint~in the coveragedescri~d above, Beneficiary may, .at Beneftclary s optIon, obtam coverage to protect BenefICIary's nghts m the Property accordmg to the terms of this Secunty Instrument. All insuran~e polic~es and renewals s~,all be acceptabl~ to B~neficiary. ~nd shall. i!1clude a standar~ "mortgag~ cl~use" and, ~here apphcable,. .loss payee clause. T.rustor shall lmmedlately nottfy BenefiCIary of cancellatlOn or termmatlon of the !nsura~ce. Be~eflclary shal~ ?ave the ng~t to hold. the po~icles and renewals. I~ Beneficiary requires, Trustor shall Immed!ately gIve to BenehClary all recelpts of paId premlUms and renewal notlces. Upon loss, Trustor shall give immedIate nottce to the insurance carrier and BenefIciary. Beneficiary may make proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing, all insurance proce~4s s~all be, applied to the, res,toration or repair of t~e ~roperty or to the Secured Debt, whether or no~ then due, at BenefICIary s optIon. Any apphcatlOn of proceeds to pnnclpal shall not extend or postpone the due date. of the, scheduled pay~ent nor cha~ge ~he amount ?f any paym~n!. Any excess will be paid to the Trustor. If the Property 1S acqmred by' ~~neftctary, Trustor s n,g~t to any msurance pohcles and proceeds resulting from damage t(! ~~e Property before the acqmsltlon shall pass to Beneflclary to the extent of thePMred D. ebt immediately before the acqUlsltlOn. ~tlf 4) ~@ @ 1994 Bankers Systems, Inc_, St. Cloud, MN Form OCP-REDT-NE 6/10/2006 l:J' or