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<br /> B. All futurc advnnccs from Lender to Grantor or othcr futurc obligations of Grnntor to Lcndcr undcr any promissory =_
<br /> note,eontrlet,gu�ranty,or other evidence ui uc:Li Cxccui�u ty L:artor in f�vor of Lcnder cxcA��rc�d:►fter tl�ls _
<br /> Security Instrument whetlier or no4 this Security Instrument is specifically referenced.If more thnn one persan ,
<br /> sigus thls Security Instrnment,each Grantor agrees that this Security Instrument will sccure ull tuture e�dvnnces�nd
<br /> fut��re obligations that are given to or incuned by any une or marc Grantor,or t+ny one Ar more Grantor nnd _
<br /> others.All future advnnces and other future obllgauons are secured by this Sccu�ity Ii�strum�nt�:vcn thou�h all or �-
<br /> pnrt mny not yet be advanced.All future advances and other future obligatIons are secured as if made on tlte date
<br /> of this Securlty Ynstrument.Nothing in tliis Security lnstrument shall const�tuts:a commitment to make udditional
<br /> or tuture loans or advunces in any amount.Any such commitment must be abRCed to in A sepa�•ate writina.
<br /> C. All ohligations Grantor owes to[,ender,which may later aris�z,ta the extent not prohibited by law,includi»g,but
<br /> not limited to,liabilities for overdrafts relating to any deposit accot�nt agreement between Grantor and Lender.
<br /> D. All additional sums advanced and expenses incurred by I.cndcr far insuring,preservin�or othr.nvise protccting �.
<br /> the Property and its value and nny other sums advanced and expenses incuned by L.cnder under the terms of
<br /> this Security Instrurnent.
<br /> This Security Instrument will not securc any other debt if I.�nder fails to give any required notice of thc xi�ht of rescission.
<br /> 5. PAVMEN'I'S.Grantor agrees that all payments under ehe Secured Debt�vi116e paid whan due and in accordAnce
<br /> wsth the terms of the Secured UGbt snd this Security Instn�ment.
<br /> G, WARRAIV'TY OF'[7T�.G.Grantor wanants thut Grantor is or will he lawfully seized of the estAte conveyed by tt�is
<br /> Security Instrument and h�s the right to irrevocably Rrant,convey,and sell the Proparty to Trustce,ia tr��st,evith
<br /> power of sala.Cirantor also warrants tliat the Property is ut�eitr.umbered,except for encumbrances of record.
<br /> 7. PRIOR SCCUTb.1'�'Y BVTERESTS.With regard to any othar,morignge,deed of trust,security agreement or other lien `
<br /> c�ocun2ent that creAted a prior security interest or encumbrance on tha Property,Grantor agrees:
<br /> A. To make all payments�vhen due and to perform or comply with all covenants.
<br /> B. To promptly delivcr to Lender any nottces that Jrantor receives from the holder.
<br /> C. Nat to allow any modificacion or extension of,nor to request any futare advances under any note or agreement
<br /> secured by the lien dceument without Lencier's prior written wnsent.
<br /> 8. CLAIMS AGAIlVST TiTLE.Grantor will pay all wxes, assesssnents,liens,encumbrances, lause payments,grouncl
<br /> rents,utilities,and other charges relating to the Property wl�en due.Lender may rcquire Grantor to providc to Lencler
<br /> copies of all notices that such amounts are due and the receipts evidencing orantor's pAyment. (lrantor will defend
<br /> 4itic to the rroper[y againsi any clai..i�t��at wcst3lmpair:�e ti�n�f This�e�!x%rv Trrtrumont�Grantor aete:es to assig�
<br /> to L.ender,as requested by I.ender,any rights,claims or defenses Grantor may huve against pnriies who supply labor�:
<br /> or matsrials to maintatn or improve the Property.
<br /> 9. DUF ON SALE OR ENCUMARANCE.Lender may,at its aptlon,�eclare the entire balance o��he Secured Debi ta
<br /> be irnniedintely due and payable upon the creation of,or contract for the creation of,any lion,encumbrance,traa�sfox
<br /> or sale of the Property.'Tbis rDght is subject to the re�¢�ictions imposed by federal law(12 C.F.R.S91),as ap�licabic�.
<br /> This covenant shall run with the Property aad s�all remain in effcct usitil tt�e Secured Debt is paid in fu]I and tt�s
<br /> Securlty Instr�ment is released.
<br /> 10. I'ROPERTY CONDITION,ALTEEtATION5 Al�]D INSPECTION.Granior will keep thc Property in ga�od
<br /> condition and make all repairs ttiat r�re reasonably necessary. Grantor shall not commit or allow Any w�see,
<br /> impairment,or de:terioration of the Property.Grentor will kecp the �'ropurty free of noxious wecds ansi girnsses.
<br /> Grantor agcees that the nature of the occupancy and use will not substantially chungo witliout L.ender's prior written
<br /> consent.Gram��r will not permit any change in any flcense,restrictive covennnt or ensemant wituout LenueY's prior
<br /> . wrttten consen3.�Orantor wilf notify Lender of all demands,proceedings,claims,and uctions agninst Grantor,t�nd of
<br /> atly t"va+0:�AfTS�a tn the P���prty. ,
<br /> T.enzl�r or I.csnder's ngents raay,at Lendcr's option,e�ter the Property at any rettsonnblo timc for tlie purpovc oi
<br /> l insosoting the !'roperty. Lander shail givr Gran��or ��oticc at thc time of or befoxe an inspection spr.r.6iyinR a _
<br /> reasonnble purpose for the inspection. Any inspection of tfie Properiy shall be;cntirely for Lender's benefit and
<br /> �rantor will in nn way rely un Lender's inspect�on. ,
<br /> 1L AUTHORIIY TO PERFORM. If Gruntor fails to perfosm any duty or any of thc coven�tnts contained in tl�is
<br /> Security Instrument,I.ender may,�vithout notice.perform or cause them to be performed.Grantor appoints I..endcr
<br /> as attorney in fact to sign t3rantor's name or pay any amount necessary for performanco.L.ender's rigl►t to perfomt for
<br /> Grantor shall not create an obligation to perform, and Lender's failurc to perf�nn will not precludc I.�ender i�dm
<br /> exercising any of Lender's oth�r rights�antiYr tlie law or this Securiry Instrwuent.If any construction on tl�e 3Praperty is
<br /> discontimted or not carricd on in a rcasonable manner,I.cndcr may take all steps necessary to prnteat Y.t:nder's
<br /> security interest in thc Property,includin�completion of the construction.
<br /> 1Z. ASSIGIVMENT OF�.EA5ES A1Vn WEI�"I'S.Grantor irrevocably�rants,convcys and se11s to Trustee.in tnsst for the
<br /> benefit of L�:nder,as ndditional security oll tlie right,title and interest in nnd to any and all existing or[�tn.re leases,
<br /> suUleases,and any other written or v.�rbnl agrecments for tlie use and occupnncy of any portion of the iProperty.
<br /> including any e:�tensions,renewals.mc�sli�Fi�ations or substitutions of such a�reements(all refeized to as"Lcases")and
<br /> -- rents,issucs a��ci pro�ts(all refened 20�s"Rents").Grantor will prom�tly provido Lender with true nnd correct
<br /> copies of all existing and[ui»a�Leases.C,ra�tor may collect.receive,enjoy and use the Rents so long as Gruntmr is nc�t
<br /> in default under the ternns o�ui�c�Security ttnstrua�e�e.
<br /> Orantor ackno�vledges that�hcs assign�en2 is perfected upon the recordin�of this Deed of Trust and tha.e Y.endor is
<br /> cntitled to noi9Fy any of Grantor's tec�:�n;�ta make payment of Rents due or to become due to Lender. However.
<br /> I.ender�grces thut only on default�vil��7.c�r�er notify Grantor and Grantor's tenants and make demand that all future
<br /> .,_ _ ..o.aora..0 n�s�•�r�.,�u�adnr.e ar.o1 delivcr to L.ender any
<br /> xenis oe paid direeiiy io i.c,i���. vt� �c�rt:iiin�iavaiw .........�...., —.---___ .._. __.
<br /> puyment of Rents in Grantor's possession and will receivc any Rents in trust for Lender and will not wmmiugle thc
<br /> Rents with Any other funds. Any amounts collected�vall be applied as provided in this Security Instrument. GrAntor
<br /> warc�nt�that no defanit exists under the Leases or any npplicablc landlordltenant la�v.C3rantor also agrces to maintain
<br /> nnd require ttny tenunt to comply with the terms of the I.eases and applicable la�v.
<br /> 13. LEASfENO�.DS;CONDOMINIU111S;PLANNED UNIT DEVELOPIWEN'i'S.Grantor agecs tu comply with thc
<br /> provisions of any leatie if this Security Instrument is on a leaschold.If tlie Property includes a unit in a condominium
<br /> or a planned unit development, Grantor will perform all of Grantor's duties undcr ihe covenants,by-laws,or
<br /> regulations of tlie condominium�r planned unit devclopment.
<br /> IA. DI�.FAULT.(3rantor will bc in deiault if any party obligated on thc Sccured Dcbt[ails to makc paymcnt when duc.
<br /> Grantor will Ue in default if a breacl�occurs under the terms of this Security Instrument or any other document
<br /> fPe9e 2 ot t)
<br /> �1841 LWkHe 6yetanf,lne..Gt Gad.MN(1�EOD397-21tt)Fartn RE-OT•NE 6'FfR� --
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