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<br /> 201007761
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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 Beneficiary after this
<br /> ecurity Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs
<br /> this Security Instrument, each Trustor agrees that 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 or 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 limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and
<br /> Beneficiary.
<br /> D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br /> the Property and its value and any other 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 necessary notice of the right of rescission with respect to any additional
<br /> indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the
<br /> Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security interest for the
<br /> debts referencedin paragraph A of this Section).
<br /> 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the
<br /> Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to
<br /> make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor'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 written
<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 require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br /> Trustor s payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security
<br /> Instrument. 'Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br /> may have against parties who supply labor or materials to maintain or improve the Property.
<br /> Property Condition, Alterations and Inspection. Truster will keep the Property in good condition and make all repairs
<br /> that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property.
<br /> Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br /> consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior
<br /> written consent. Trustor will notify Benefciary of all demands, proceedings, claims, and actions against Trustor, and of
<br /> any loss or damage to the Property.
<br /> Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose
<br /> of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying 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 mad, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact
<br /> to sign Tru stor s name or pay an y amount necessary for performance. Beneficiary's right to erform for Trustor shall not
<br /> create an obligation to perform, and Beneficiary's failure to perform will not preclude Benefipciary 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 in 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 -Public
<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 in 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 in 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 requires. What Beneficiary requires pursuant to the preceding two sentences can change during the
<br /> term of the loan. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's
<br /> approval, which shall not be unreasonably withheld. If 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 ac: eptable 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 an d renewals. If Beneficiary requires, Trustor shall
<br /> immediately give 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 insurano- proceeds shall be applied to the restoration or repair of the Property or to
<br /> the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br /> extend or postpone the due date of the scheduleti payment nor change the amount of any payment. Any excess will be aid
<br /> to the Trustor. If the Property is acquired by Beneficiary, Trustor'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 Debt immediately
<br /> before the acquisition. (page z of 4)
<br /> 1994 Bankers Systems, Inc., St. Cloud, MN Form C. P-RECT-NE 1 /3 1 12 00 3
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