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<br />200900934
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<br />B. All future advances fram Beneficiary to. Trustar ar ather future abligatians af Trustar to. Beneficiary under any
<br />pramissary nate, cantract, guaranty, ar ather evidence af debt executed by Trustar in favar af Beneficiary after
<br />this SecurIty Instrument whether ar nat this Security Instrument is specifically referenced. If mare than ane persan
<br />signs this Security Instrument, each Trustar agrees that this Security Instrument will secure all future advances and
<br />future abligatians that are given to. ar incurred by any ane ar mare Trustar, or any ane ar mare Trustar and athers.
<br />All future advances and ather future abligatians are secured by this Security Instrument even thaugh all ar part
<br />may nat yet be advanced. All future advances and ather future abligatians are secured as if made an the date af this
<br />Security Instrument. Nathing in this Security Instrument shall canstitute a cammitment to. make additianal ar
<br />future laans ar advances in any amaunt. Any such cammitment must be agreed to. in a separate writing.
<br />C. All ather abligatians Trustar awes to. Beneficiary, which may later arise, to. the extent nat prahibited by law,
<br />including, but nat limited to., liabilities far averdrafts relating to. any depasit accaunt agreement between Trustar
<br />and Beneficiary.
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<br />D. All additianal sums advanced and expenses incurred by Beneficiary far insuring, preservin~ ar atherwise
<br />pratecting the Property and its value and any ather sums advanced and expenses incurred by BenefIciary under the
<br />terms af this Security Instrument.
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<br />In the event that Beneficiary fails to. provide any required natice af the right af rescissian, Beneficiary waives any
<br />subsequent security interest in the Trustar's principal dwelling that is created by this Security Instrument.
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<br />5. DEED OF TRUST COVENANTS. Trustar agrees that the cavenants in this sectian are material abligatians under the
<br />Secured Debt and this Security Instrument. If Trustar breaches any cavenant in this sectian, Beneficiary may refuse to.
<br />make additianal extensians af credit and reduce the credit limit. By nat exercising either remedy an Trustar's breach,
<br />Beneficiary daes nat waive Beneficiary's right to. later cansider 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 af the Secured Debt and this Security Instrument.
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<br />Prior Security Interests. With .regard to_anyother ma!tgage, deed af trust, security agreement ar ather lien dacument
<br />that created a priar security interest ar encumbrance an the Property , Tnistor agrees to. make all payments when due and
<br />to. perfarm ar camply with all cavenants. Trustar alSo. agrees nat to. allaw any madificatian ar extensian af, nor to.
<br />request any future advances under any nate ar agreement secured by the lien dacument withaut Beneficiary's priar
<br />wrItten appraval.
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<br />Claims Against Title. Trustar will pay all taxes (including any tax assessed to. this Deed af Trust), assessments, liens,
<br />encumbrances, lease payments, graund rents, utilities, and ather charges relating to. the Praperty when due. Beneficiary
<br />may require Trustar to. provide to. Beneficiary capies af all natices that such amaunts are due and the receipts evidencing
<br />Trustar's payment. Trustar will defend title to. the Property against any claims that wauld impair the lien af this
<br />Security Instrument. Trustar agrees to. assign to. Beneficiary, as requested by Beneficiary, any rights, claims ar defenses
<br />Trustar may have against parties who. supply labar ar materials to. maintain ar improve the Praperty.
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<br />Pro~rty Condition, Alterations and Inspection. Trustar will keep the Property in gaad canditian and make all
<br />repaIrs that are reasanably necessary. Trustar shall nat cammit ar allaw any waste, impairment, ar deteriaratian af the
<br />Praperty. Trustar agrees that the nature af the accupancy and use will nat substantially change withaut Beneficiary's
<br />priar written cansent. Trustar will nat permit any change in any license, restrictive cavenant ar easement withaut
<br />Beneficiary's priar written cansent. Trustar will natify Beneficiary af all demands, praceedings, claims, and actians
<br />against Trustar, and af any lass ar damage to. the Praperty.
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<br />Beneficiary ar Beneficiary's agents may, at Beneficiary's aptian, enter the Property at any reasanable time far the
<br />purpase af inspecting the Praperty. Beneficiary shall give Trustar natice at the time af ar befare an inspectian
<br />specifying a reasanable purpase far the inspectian. Any inspectian af the Praperty shall be entirely far BenefIciary's
<br />benefit and Trustar will m no. way rely an Beneficiary's inspectian.
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<br />Authority to Perform. If Trustar fails to. perf arm any duty or any af the cavenants cantained in this Security
<br />Instrument, Beneficiary may, withaut natice, perfarm ar cause them to. be perfarmed. Trustar appaints Beneficiary as
<br />attarney in fact to. sign Trustar's name ar pay any amaunt necessary far perfarmance. Beneficiary's right to. perfarm far
<br />Trustar shall nat create an abligatian to. perfarm, and Beneficiary's faIlure to. perf arm will nat preclude Beneficiary
<br />fram exercising any af Beneficiary's ather rights under the law or this Security Instrument.
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<br />Leaseholds; Condominiums; Planned Unit Developments. Trustar agrees to. camply with the pravisians af any lease
<br />if this Security Instrument is an a leasehald. If the Praperty includes a unit in a candamiruum ar a planned unit
<br />develapment, Trustar will perfarm all af Trustar's duties under the cavenants, by-laws, ar regulatians af the
<br />candaminium ar planned unit develapment.
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<br />Condemnation. Trustor will give Beneficiary prampt natice af any pendin~ ar threatened actian, by private ar public
<br />entities to. purchase ar take any ar all af the Praperty through candemnatIOn, eminent damain, ar any ather means.
<br />Trustar autharizes Beneficiary to. intervene in Trustar's name in any af the abave described actians ar claims. Trustar
<br />assigns to. Beneficiary the proceeds af any award ar claim far damages cannected with a condemnatian ar ather taking af
<br />all ar any part af the Praperty. Such praceeds shall be cansidered payments and will be applied as pravided in this
<br />Security Instrument: Tlrts assignment af prbceectrts subject -to --me- terms af -any- prior mortgage; deed of trust, secutity-
<br />agreement or ather lien dacument.
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<br />Insurance. Trustar shall keep Praperty insured against lass by fire, flaad, theft and ather hazards and risks reasanably
<br />assaciated with the Praperty due to. its type and lacatian. This insurance shall be maintained in the amaunts and for the
<br />periads that Beneficiary requires. What Beneficiary requires pursuant to. the preceding two. sentences can change during
<br />the term af the Secured Debt. The insurance carrier praviding the insurance shall be chasen by Trustar subject to.
<br />Beneficiary's approval, which shall nat be unreasanably withheld. If Trustar fails to. maintain the caverage described
<br />abave, BenefiCIary may, at Beneficiary's aptian, abtain caverage to. protect Beneficiary's rights in the Praperty
<br />accarding to. the terms af this Security Instrument.
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<br />All insurance palicies and renewals shall be acceptable to. Beneficiary and shall include a standard "martgage clause"
<br />and, where applicable, "lass payee clause." Trustor shall immediately natify Beneficiary af cancellatian or terminatian
<br />af the insurance. Beneficiary shall have the right to. hald the palicies and renewals. If Beneficiary requires, Trustar shall
<br />immediately give to. Beneficiary all receipts af paid preffilums and renewal natices. Upan lass, Trustor shall give
<br />immediate natice to. the insurance carrier and Beneficiary. Beneficiary may make proaf af lass if nat made immediately
<br />by Trustar.
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<br />Unless atherwise agreed in writing, all insurance praceeds shall be applied to. the restaratian ar repair af the Property ar
<br />to. the Secured Debt, whether ar nat then due, at Beneficiary's aptian. Any applicatian af proceeds to. principal shall nat
<br />extend ar pastpane the due date af the scheduled payment nar change the amaunt af any payment. Any excess will be
<br />paid to. the Trustar. If the Property is acquired by Beneficiary, Trustar's right to. any insurance palicIes and proceeds
<br />resulting fram damage to. the Property befare the acquisitian shall pass to. Beneficiary to. the extent af the Secured Debt
<br />immediately befare the acquisitian.
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<br />Ex/5Ei'8.@ 01994 Benkers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 5/10/2005
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<br /><8 -C4651NE) (0506)
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<br />C-09-01-29-000122
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