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<br /> B. All future advances from Beneficiary to ;'Trustor or other f Uture obligations of Trustor to Beneficiary under any
<br /> promissory note, contract, guaranty, for tither evidence of 40t, executed b Trustor in favor of Beneficiary after
<br /> this Security Instrument whether or not this Security Jnstrument is specifically referenced. If more than one person
<br /> signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and
<br /> future obligations that are given to orsinrred by an one or I`nore Trustor, or any one or more Trustor and others.
<br /> All future advances and other futurelob gar onN ar secured" by this Security Instrument even though all or part
<br /> may not yet be advanced. All future pice ano f er futur' obligations are secured as if made on the date of this
<br /> Security Instrument. Nothing in thi ur ty fist ment s all constitute a commitment to make additional or
<br /> future loans or advances in any amou n suc co tme t mtist 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
<br /> and Beneficiary.
<br /> D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br /> protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the
<br /> terms of this Security Instrument.
<br /> In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives any
<br /> subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument.
<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 it happens again.
<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.
<br /> Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document
<br /> that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and
<br /> to perform or comply with all covenants, Trustor also agrees not to allow any modification or extension of, nor to
<br /> request any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br /> written approval.
<br /> Claims Against Title. Trustor will pa 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 require 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
<br /> Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses
<br /> Trustor may have against parties who supply labor or materials to maintain or improve the Property.
<br /> Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all
<br /> repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the
<br /> Property. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's
<br /> prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without
<br /> Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions
<br /> against Trustor, and of any loss or damage to the Property.
<br /> Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the
<br /> purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection
<br /> specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's
<br /> benefit and Trustor will in no way rely on Beneficiary's inspection.
<br /> Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security
<br /> Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br /> attorney in fact to sign Trustor's name or pay any amount necessary for performance. Beneficiary s right to perform for
<br /> Trustor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary
<br /> from exercising any of Beneficiary's other rights under the law or this Security Instrument.
<br /> Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease
<br /> if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit
<br /> development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the
<br /> condominium or planned unit development.
<br /> Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br /> entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means.
<br /> Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or claims. Trustor
<br /> assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of
<br /> all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this
<br /> Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security
<br /> agreement or other lien document.
<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 Beneficiaryrequires pursuant to the preceding two sentences can change during
<br /> the term of the Secured Debt. The insurance carrier providing the insurance shall be chosen by Trustor subject to
<br /> Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described
<br /> above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property
<br /> according to the terms of this Security Instrument.
<br /> All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause"
<br /> and, where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination
<br /> of the insurance. Beneficiary shall have the right to hold the policies and 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 notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately
<br /> by Trustor.
<br /> Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or
<br /> to 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 excess will be
<br /> paid to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds
<br /> resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt
<br /> immediately before the acquisition.
<br /> C-09--03--18-000077
<br /> (page 2 of 4)
<br /> S (D 1884 Bankers Systems, Inc., St. Cloud, MN Form 0CF-REOT•NE 5/10/2005
<br /> ® -C465(NE) (05061
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