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<br />MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed $ 37,988.88 .This limitation of amount
<br />does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or Interest accrued on such advances)
<br />made udder the terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may Hat yet be advanced, Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />4. SECUREb DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s), contract(s1, guaranty(ies) or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt), (When referencing the debts be/ow it is sug®ested
<br />that you include items such as borrowers names, Hate amounts, interest cafes, maturity dates, etc. J
<br />B, All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt existing now ar executed after this Doad of Trust
<br />whether or Hat this peed of Trust is specifically referred to in the evidence of debt.
<br />G. All obligations Trustor owes to Beneficiary, which now exist or may later arise, tv the extent not prohibited by
<br />law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between
<br />Trustor 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
<br />the terms of this Deed of Trust, plus interest at the highest rate in effect, from time to time, as provided in the
<br />Evidence of Debt.
<br />E. Trustor's performance under the terms of any instrument evidencing a debt by Trustor to Beneficiary and any
<br />Deed of Trust securing, guarantying, or otherwise relating to the debt.
<br />If more than one person signs this Deed of Trust as Trustor, each Trustor agrees that this Deed of Trust will secure al.l
<br />future advances and future obligations described above that are given to nr incurred by any ono or more Trustor, or
<br />any one or more Trustor and others, This Dead of Trust will not secure any other debt if Beneficiary fails, with respect
<br />to such other debt, to make any required disclosure about this Deed of Trust or if Beneficiary fails to give any required
<br />notice of the right of rescission.
<br />5. PAYMENTS. Trustor agrees to make all payments on the Secured Debt when duo and In accordance with the terms of
<br />the Evidence of petit or this Dead of Trust.
<br />6. WARRANTY OF TITLE. Trustor covenants that Trustor is lawfully seized of the estate conveyed by this Deed of Trust
<br />and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property and
<br />Warrants'Chat the Property is unencumbered, except for encumbrances of record.
<br />7. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property when due, Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title
<br />to the Property against any claims that would impair the lien of this peed of Trust, Trustor agrees to assign to
<br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses which Truster may have against parties who
<br />supply labor or materials to improve nr maintain the Property.
<br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property and that may have priority over this
<br />Deed of Trust, Trustor agrees:
<br />A, Tv make all payments when due and to perform or comply with, all covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder,
<br />G, Not to make or permit any modification or extension of, and not to request or accept any future advances under
<br />any note or agreement secured by, the other mortgage, deed of trust ar security agreement unless Beneficiary
<br />consents in writing.
<br />8. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Dabt to
<br />be immediately due and payable upon the creation of any lien, encumbrance, transfer, or sale, ar contract for any of
<br />these on the Property, Wvwever, if the Property includes Trustor's residence, this section shall be subject to the
<br />restrictions Imposed by federal law (12 C.F.R. 591), as applicable. For the purposes of this section, the term
<br />"Property" else includes any interest to all or any part of the Property, This covenant shall run with the Property and
<br />shell remain in effect until the Secured Debt is paid In full and this Deed of Trust is released.
<br />1Q. TRANSFER OF AN INTEREST IN THE GRANTOR. If Trustor is an entity other than a natural person (such as a
<br />corporation or other organization), Beneficiary may demand immediate payment if (1) a beneficial interest in Truster is
<br />sold ar transferred; (2) there is a change in either the identity or number of members o a partnership; or (3) there is a
<br />ln~~a z ar a/
<br />~j-~M ~ 1993, 2001 8snkars Systems, Inc., St. Cloud, MN Form AGCO-FESI•NE 111772003
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