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<br /> �. All���!ure edannn_�rr��n t..��i�.��,C.nnurr cie��thcr futurc obli�atfons of Grnnt��r tu l.cndcr undcr++ny promi:�sory
<br /> notc,cuntrnct,guarnnty,ur utlicr cvidencc af dchl cxc�tstcd by Grantor in fnvor cif l.cn�Ser exccutcd a[tcr this -
<br /> Sccurity Instrunicnt whcthcr or not►his Secudty Instrumcnt is s�x;cificnlly rcfcrcnced. !f morc than on�� person -
<br /> signs this Sccurity Instn�mcnt,cach Ciruntor ngrocs ih►ri this Sccurity Instrumcnt will sccurc�ll tuturc adviinces imd
<br /> futurc obllgntions that atc�;ivcn ta or iacuned �y�ny onc nr mon� Cirnnror,or any onc ur morc Grnn���r nnd :
<br /> oth�n.All fuwre ndvnnces and othcr future obligations nre sccurcd by this Sccurity Instrument cvcn th��ugh al)or
<br /> pnrt may not yet Ix:advanced.All future ndvance�nnd otlicr fuwrc ohligntions Are sccurcd us if mode an thc d�tc -
<br /> of thi9 Sccurity I►tistniment.Nothing in this Security Instrument shnll consti►ute a commitmcnt to mi+kc�ddition�l
<br /> or tuture loans or advances in any amaunt.Any such commlquant mu:�t be agrced to in a separate writinA.
<br /> C. All oUligatluns Grantor owes to[.ender,which may lt�tcr nrise,tu the cxtent n�t prahibitcd by luw,includinB,hut -
<br /> not limited ta,liabilities fur overdrafts relating to nny dKposit nccount esreeincnt between Grantar and[.�endcr.
<br /> D. AU additionai sums advanced and expenses incurred by Lender tor insuring,preserving or otherwisc protectina
<br /> the Property and its value and uny ot6cr sums advanced and expenses incurred by Lc•ndc:r under tlie terms af
<br /> th[s Security Instrument.
<br /> Tiiis Sccurity Instrument wlll not sccwe any�ther dtbt if Lender fails to givc any required notice of tlie riBht of rescission.
<br /> S. PAXMENTS.Grnntor agrees that all payments under tha Sect►rcd Debt will be paid whc�n duc and in accordance
<br /> with tite tern�s of the Secured llebt�nd this Security Instr�ment.
<br /> 6, bdAI3RAI�l'd'�'QI�1S'dT�.E.Grantor wanaitts�i!�:3t Grantor is rer will.ba lawfully seued c�f tl�c estatu conveyed by this
<br /> 3ccurtty Instrumene.t�nd has the ri�ht to ir�•e��acably grnnt,canvey,a�xc�.sell the PtCpe�ty to Trvs:ee,in srut;t,with
<br /> power of saVe.Grencor elso wnnatets YhaE the Nr.v�rty js tiu.euccvnb¢erW�,txo��i for cm�¢�mbrances uf record.
<br /> 7. P�tI�DIR SECURITY INTEiitES75.Witli regard to any ot«w,•r rnonga�c,L9eEd of t�usY,sesurity a�reement or other lien
<br /> docw•nent that created a prior sec+.u�ity interest or encumbrance on the P`e��zrty,Grantor agrees:
<br /> A. To make all paymeats when due and 20��erform or comply�vith:tlC covenants.
<br /> B. To pPOmptly deGver to L.endet aery notices that Grantor receives&om the hulder.
<br /> C. Not to allow any mod�fisation or oxtension of,nor to request any future udvances under any¢��te or agrecment
<br /> secured by the lien document�vithovt Lender's prior written conscnt.
<br /> S. CLAIMS AGAINST TCTLE.Grantor wlll pay all taxes, assessments,lIens,encumbrunces,lease payments,ground
<br /> rcnts,udlities,and athor c�arges relating to th�Property when due.Lender may require Grantor ta�rovide to Lender
<br /> coples of all natices that such amounts are due and the receipts evidencac��orantor's paynient.Gr�ntor will defend
<br /> titlE to ths Property against auy claims that would impair tlie lien of this Security Instrument.t3rantor agrees to nssign
<br /> to Lender�as requested by L.ender.tmy rights,claims or defenses Grantor n�ay l�ave against partir.s who supply labor
<br /> or materials to maintain or imprave the Property.
<br /> 9. DU�ON SALE OR EN�CUMBRANCE��Lflndcr may,at its ap4ion,declare the entira balance of thc�Secured Debt to
<br /> be immediately due and payable uNon the creaiio�of,or contract for tlis crcation of,any lien,encumbrance,transier
<br /> or sAle of the Property.This right is subject to the restrictions imposed by fcderal law(12 G.F.R.591),as applicable.
<br /> This covenant shall aun with the Property and shall remain in effect until the Secured Debt is paid ln tull and tlus
<br /> Security Instrument is released.
<br /> 1�. I'ROPBRTY CONDITION,A3,�'�ExtATYONS AND INSPECTION. Grantor will keep the Property in good
<br /> condition and mnke aRl repaite that are reasonably necessary. Cirancor shall not commit or allow any w�ste,
<br /> impairment,or d:c�fioration af tha Property.Grantor will kcep the Property free of noxious�veecis and grasses.
<br /> Crrxntor agrecs that the natur�of the occupancy and use will not substantinlly change without I�ndee's prior written
<br /> consent.Grantor will not permit uny change in f►ny license,restrictive covenant or e2xement without L.ender's prior
<br /> written consent.Cirantor will notify Lendar of all demands,praceedinge,claims,and actions against Grantor,a�cl of
<br /> any luss or damagc to ttie reoperty.
<br /> Lender o�L�nder's a;e*�ts may, at l,e��ler's option, enter the Property at any reasonable tir�e for the purpose of
<br /> inspecting the Property.Lender shaol give Grantor notice at the time of or before an ins�pection specifying a
<br /> reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and
<br /> Grantor wip in no way rely on I.encler's insp�:ction.
<br /> ll. AUTHORII`Y TO PERFORM. If Grantnr fails to perform any duty or any of the covenants contained in this
<br /> Securlty Instrument,Lender may,without notice,perfurm or cause them to be performed.GrAntor appoints I.ender
<br /> as attorney in fact to sign Grantor's name or p1y any amount neceuaxy for perfarmance.L,ender's right to Ferfonn fur
<br /> Grantor shall nut create an obligation to perform,and T..endcr's failure to perform will not preclude Lender from
<br /> oxercising any of Lender's other rights under the law or tl�is Secuiity Instrwnent.If any constructinn on the Property is
<br /> discontinucd or nat carricd on in a reusonable manner, �.ender may take all steps necessary ta protect �.ender's
<br /> security interest in tlie Property,including completion of the construction.
<br /> 12. A3SIGNMEN'I'OE LEASES�1'�1D KEN'I'S.Grantor irrevocably grants,wnvcys and sells to Tnastcc,in trust for thc
<br /> benc�t of Lcndcr,as additional secuaty all thc right.title and interest in and to nny end all exiscing or future leases,
<br /> subleascs, and any other written or vcrbal agreements for thc use and occupancy of any porfion of the Property,
<br /> including any extensions,renewa�s,modifications or substitutions of such agrecments(aU refened to as"Leases")and
<br /> rents.issues and profits (all r�.f�erred to as "Rcnts"). Grantor will pro►nptly provide Lender with true and corre�t
<br /> copies of al{existing nnd future I,eases.Grambor may collect,receive,enjoy and use the Rents so lor�g as GrAntor is not
<br /> in dcfa�dt under tlie temu of this Security dnstnunent.
<br /> Grantor acknowleclges thut thIs uasigtunent is perfected upon thc recc4r��ing of th{s Deed of Trust attd that L,ender is
<br />_ entitled to notity any of Grantor's tenants to make Fa���znt of Renis due or to becomc duc to Lender.Ho�vever,
<br />= L.endcr agrecs that only on deft�ult wiU Lcnder notify Gra�ntor nnd Grantor's tenants and mnke demand that al9 luturc
<br /> Itcnts b� paid directly to Lendor. On receiving notice of default, Cirantor wi(1 entlurse ana deliver to i.ender any
<br />' payment of Rcnts in Grantor's possession and will receive any Renes in trust for Lcnder and will not commingle the
<br /> Rents with uny other funds. Any amounts collectec!will be applied as provided in this 5ccurity Insirument. Crantor
<br /> warranw that no default exists under thc Lcases or any applicAble landlord/tenant law.Grantor also agrc�s to maintain
<br /> and require any tenant to comply with the terms of the Lcascs and applicablc law.
<br /> 13. LEASEI�YOLD3;COND011UM�IJMS;PLANNGD UNPf DEVELOPMEN'f5.Gruntor agrees to comply�vitl� the
<br />- provisions of nny lcasc if this Sccurity Instrument is on a lensehold. If thc Property includes x unit in a condominium
<br /> or a pinnned unit development, Grantnr will perform all of Grantor's duties undcr the covenants, by-laws,or
<br /> rcgulations of tl�e condominium or planned unit devclopment.
<br /> 14. DEFAULT.Grantur will be in default if any party obligatcd on tlic Sccured Debt fails to make paymcnt when duc.
<br /> Grantor will be in default if a breacl� occurs under the terms of this Secu►Yty Instrument or any other dncument
<br /> fPago 2 of 1)
<br />.= AtB9lQenbra^uy6lnrl.Inc..St paiO.MN t�300397-234t�FortnfiE•DT•NE B&8e
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