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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />romissory note,- contract, guaranty, or other evidence of debt executed by Trustor in favor of Beueficiaryry after this
<br />~ecurity Instrument whether or not this Security Instrument is specifically referenced, if mare than one person signs
<br />this Security Instrument, each Trustor agrees Chat this Security Instrument will secure all future advances and future
<br />obligations that .are given to or incurred by any one or more Trustor, or any one or more Trustor and others. All
<br />future advances and other future obligations are secured by this Security Instrument even though all nr part may not
<br />yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security
<br />Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or
<br />advances in any amount. Any such commitment must 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 limned to, liabilities for overdrafts relating to any deposit account agreement between Trustor and
<br />Beneficiary.
<br />D. All additional sums advanced and exppenses incurred by Beneficiary for insuring preserving nr otherwise protecting
<br />the Property and its value and any otfter sums advanced and expenses incurred by Beneficiary under the terms of this
<br />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 Securit Instrument. If '1"rustor breaches anyy covenant in this section, $eneficiary may refuse W
<br />make additional extensions ofycredit and reduce the credit limit. By not exercising either remedy on rustor'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 that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to
<br />perform or comply with all covenants. Trustor also agrees not to allow any modification or extension of, nor to request
<br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior wrttten
<br />approval.
<br />Claims Against Title. Trustor will pay 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 rec~uirc Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receippts evidencing
<br />Trustor s payment. 'Trustor will defend title to the Property against any claims that would impair the lien oT this Security
<br />Instrument. Trustor agrees to assign to Beneficiary, as reciuested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to ixtamtain or Improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. Trustor shall noc commit or allow any waste, tmpatrment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's ~irior wrttten
<br />consent. Trustor will not permit any chatr~e in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Beneftcrary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
<br />Beneficiar~+ or Beneficiary's agents may, at Beneficiarv's npti.on, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give 1~rustor notice at the time of or before an inspection sppecify tog a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and
<br />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 Instrument,
<br />Beneficiary tna~, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not
<br />create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneftctary from exercising any of
<br />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 if
<br />this Security Instrument is on a leasehold. If the Property includes a unit rn a condominium or a planned unit development,
<br />"Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominium or planned
<br />unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or ublic
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor
<br />authorizes Beneficiary to intervene in Trustor's name iu any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be considered payments and will be applied as provided to this Security
<br />Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or
<br />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 re urres. What Beneficiary requires pursuant to the preceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providing the insurance shall be chosen by. Trustor subJ'ect to Beneficiary's
<br />__._..__~-_. _...approval, avhich shall no~be unreasonably wtthlTetd. 7-f Trustor fails to maintain the coverage described above, Beneficiary
<br />may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this
<br />Security Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause. " Trustor shall immediately notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall
<br />immediately dive 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 by
<br />Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration nr repair of the Pro erty or to
<br />the Secured Debt, whether or oat then due, at Beneficiary's option. Any application of proceeds to principa~ shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Trustor. If the Property is acquired by Beneftctary, Trustar's right to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured ebt immediately
<br />before the acquisition. Ipa~e al
<br />~®©1994 bankers Systems, Inc., St. Claud, MN Form OCP-REDT-NE 5/10/2005
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