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200909021 B. All future advances from Beneficiary to Trustor or other ful promissory note, contract, guaranty, or other evidence of debt after this Secvnty Instrument whether or not this Security In person signs this Security Instrument, each Trustor agrees that 1 and future obligations that are given to or incurred by any of others. All future advances and other future obligations are se part may not yyet be advanced. All future advances and other fi thts Security Instrtuanent. Nothing in this Security Instrument future loans or advances in any amount. Any such commttment C. All obligations Trustor awes to Beneficiary, which may later al not linnited to, liabilities for overdrafts relating to any deppoosit a D. All additional sums advanced and expenses incurred by Benef the Property and its value and any other sums advanced and e~ Security Instrument. This Security Instrument will not secure any other debt if Benefit rescission. 5. PAYMENTS. Trustor agrees that all payments under the Secured L terms of the Secured Debt and this Secunty Instrument. ;obligations of Trustor to Beneficiary under any ecuted by Trustor in favor of Beneficiary executed anent is specifically referenced. If more than one I Security Instrument will secure all future advances or more Trustor, or any one or more Trustor and red b this Security Instrument even though all ar re obligations are secured as if made an the date of all constitute a commitment to make additional or tst be agreed to in a se orate writing. :, to the extent not prohibited by law, including, but punt agreement between Trustor and Beneficiary.. u}' for insuring, preserving ar otherwise protecting uses incurred by Beneficiary under the terms of thts fails to give any required notice of the right of will be paid when due and in accordance with the 6. WARRANTY' OF TITLE. Trustor warrants that Trustor is or wi~l be lawfully seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey, an sell the Property to Trustee, in trust, rvtth power of sale. Trustor also warrants that the Property is unencumbered, except or encumbrances of record. 9. PRIOR SECURITY INTERESTS. With regard to any other mart age, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the roperty, Trustor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Beneficiary any notices that Trustor rece ves from the holder. C. Nnt to allow any modification or extension of, nor to rec~ue t any future advances under any note or agreement secured by the lien document without Beneficiary's prior wntte consent. S. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments utilities, and other charges relating to the Property when due. Bene copies of all notices that such amounts are due and the receipts evidt the Property against an claims that would impair the lien of th Beneficiary, as requested by Beneficiary, any rights, claims or defers: or materials to rxiaintain or tmprove the Property. 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its opi be immediately due and payable upon the creation of, pr contract fat of the Property. This right is sub}ect to the restrictions imposed 1 covenant shall run with the Property and shall remain in effect urn Instrument is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION make all repairs that are reasonably necessary. Trustor shall not wmr the Property. Trustor will keep the Property free of noxious weer occupancy and use will not substantially change without Beneficiar} than a in any license, restrictive covenant or easement without Be Beneficiary of all demands, proceedings, claims, and actions against Beneficiary or Beneficiary's agents may, at Beneficiary's option, ent of inspecting the Property. Beneficiary shall give castor notice reasonable purpose for the ins~ectian. Any inspection of the Propert} will in na way rely on Beneficiary s inspection. 11. 12. 13. liens, encumbrances, lease payments, ground rents, nary may require Trustor to provide to Beneficiary ;ing Trustor's payment. Trustor will defend title to Security Instrument. Trustor agrees to assign to Trustor may have against parties who supply labor n, declare the entire balance of the Secured Debt to creation of, any lien, encumbrance, transfer ar sale federal law (12 C.F.R. 591), as applicable. 'T'his the Secured ebt is paid in full and this Security Trustor will keep the Property in good condition and it or allow any waste, impairment, or deterioration of and grasses. Trustor agrees that the nature of the s pprior written consent. Trustor will not permit any leficiary's prior written consent. Trustor will notify castor, and of any lass or damage to the Property. r the Property at any reasonable time for the purpose t the time of or before an inspection specifying a shall be entirely for Beneficiary's benefit and Trustor AUTHORITY TO PERFORM. If Trustor fails to perform any d y or any of the covenants centained in this Security Instrument, Beneficiary may, without notice, perform or cause th to be erfarmed. Trustor appoints Beneficiary as attorney in fact to sign Trustvr's name or pay any amount necessar for performance. Beneficiary s right to pperform for Trustor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law yr this 'ty Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary's security interest in the Property, including completion of the canstru ion. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably ants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, as additional security all the right, title and ' retest in and to any and all existing or future leases, subleases, and any other written or verbal agreements far the use an occupancy of any portion of the Property, including any extensions, renewals, modifications or substatutivns of such agr cots (all referred to as "Leases") and rents, issues and profits (all referred to as "Rents"). Trustor will promptly pr vide Henefic3ary with true and correct copies of all existing and future Leases. Trustor tray collect, receive, enjoy and se the Rents so long as Trustor is oat in default under the terms of this Security Instrument. Trustor acknowledges that this assignment is perfected upon the re rding of this Deed of Trust and that Beneficiary is entitled to notify any of Trustor's tenants to make payment of nts due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary notify Tr star and Trustar's tenants and make demand that all future Rents be paid directly to Beneficiary. On receiving notice of efault, Trustor will endorse and deliver to Beneficiary any payment of Rents in Trustor's possession and will receive any R nts in trust for Beneficiary and will not commingle the Rents with any other funds. Any amounts collected will be applied provided in this Security Instrument. Trustor warrants that no default exists under the Leases or any applicable landlord/t Want law. Trustor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DE LOPMENTS. Trustor agrees to com ly 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 du es under the covenants, by-laws, or regulations of the cendominium or planned unit development. " Q 1 B9a Bankers Sysieme, Inc., 8t. Cloud, M N Form FiE~T-NE 1/301~Q02 ~C185(NF,I ~oaot) `~ ~ a) loan Number08.11-OOt104fi