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~0~005440 3. MAXIMUM OBLI(iAT10N LIMIT, The total principal amount of the Secured Debt thereafter defirwdl secured by this Deed of Trust at any one time shall not exceed 6 34_B.ppp.Dp _ __ ___ _ .this limitation of amount does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other pharges validly made pursuant to thin Dead of Trust and dpes not apply to advances {or interest accrued on such advances) made under the terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this peed of Trust. Future advances era contemplated and, along with other future obligations, era secured by this Daed of Trust even though ap ar part may oat yet be advanced. Nothing in this Dsed of Trust, however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate writing. p. SECURED DEBT DEFINED, the term "Secured Debt" includes, but is not limited to, the following: A. The promissory Hotels/, contractlsl, guarantylies) vt other evidence of debt described below and all extensions, renewals, modifications pr substkutions (Evidence of Debtl. (When raferoncing the debts below it is suggested that you include items such as borrowers' names, nof9 amounts, interest rates, maturity dates, ete.J A f'RDMISSORY NOTE OATEO JULY 20, 2010 IN THE AMOUNT Df t34B,ODD.Op EXECUTED BY DONALD G SCHWEITZER AND KATHY S SCHWEITZER. HUSBAND ANp WIFE. B. All future advances from 8enaficiary to Truatar or other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or ether evidence of debt existing now or executed after this Deed of Trust whether or not this peed of Trust is specifically referred to in the evidence of debt. C. All obligations Truatar awes to Beneficiary, which now exist pr may later arise, to the extent not prohibited by law, including, but not limited to, liabilities far overdrafts relating to any deposit acpaunt agreement between Trustor and Beneficiary. D. All additional sums advanced and expenses Incurred 6y Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Daed bf Trust, plus interest at the highest rata in effect, from time to lima, as provided in the Evidenoe of Debt. E. Trustor': performance under the terms of any instrument evidencing a debt by Trustor to Beneficiary and any peed of Trust securing, guarantying, or otherwise relating to the debt. If more than one person signs this Deed of Trust as Truatar, each Trustor agrees that this Daed of Trust WRi secure all future advances and future abligadona described above that ere given to or incurred by any one or more Trustor, ar any one ar mare Trustor and others. This Dead of Trust will not secure any other debt if Beneficiary fails, with respect to such Other debt, to make any required disclosure about this Deed of Trust nr if Beneficiary fails to give any required notice of the right at rescission. 5. PAYMENTS. Trustor agrees to make all payments on the Secured debt when due and in accordance with the terms of the Evidence of Debt ar this peed of Trust. B. WARRANTY OF TITLE. Truster covenants that trustor is lawfully seized of the estate conveyed by this peed of Trust and has the right to irrevocably grant, convey end sell to Trustee, in trust, with power of sale, the Property and warrants that the Property is unencumbered, expept fpr encumbrances of record. 7. CLAIMS AQAIN5T TITLE. Truster will pey all taxes, assessments, liana, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Truster to provide to Beneficiary copies of all Helices that such amounts are due and the receipts evidencing Trustor': payment. Trustor will defend title to the Property against any claims that would impair the lien of this Deed of Trust. Truatar agrees tp assign to Beneficiary, as requested by Beneficiary, any rights, plaima or defenses which Trustor may have against parties who supply labor or materials to Improve or maintain the Property. 8. PRIOR $ECURItY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property and that may have priority over this peed of Trust, Truster agrees: A. 7a make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Elenaficiary any notices that Trustor receives from the holder. C. Not to make or permit any modification or extension of, and not to request or accept any future advances under any Hate or agreement secured by, the other mortgage, deed of trust ar security agreement unless Itenefiniary consents in writing. 9. DUE ON SALE OR ENCUMBRANt;E. Beneficiary may, at its option, declare the entire balance of the Secured Dabt to be immediately due and payable: upon the cretatian pf any lien, encumbrance, transfer, or sale, or contract for any of these on the Property. Wawever, if the Property includes truator's residence, thin section shall be subject to the restrictions imposed by federal law 112 C.F.R. 5911, as applicable. For the purposes of this section, the term "Property" also includes any interest to all or any part of the Property. This covenant shall run with the Property and shall remain In effect until the Secured Debt is paid in full and this Deed of Trust is released. 10. TRANSFER OF AN INTEREST IN 1WE GRANTOR. If trustor is an entity other than a natural parson (such as a corparstion ar other organization), Beneficiary may demand immediate payment if 111 a beneficial interest in Trustor is sold or transferred; 121 there is a ohange in either the identity or number of members of a partnership; or (3) there is a ~~ /vase s or a~ m 1993, 2001 a1lnFws ayilNnP. lm.• St. Cloud, MN Faen AOCO~HESGNE 1 /17/4003