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<br />$. All future advances from Beneficiary to Trustor or other future abligations of Trustor to Beneficiary under an�y
<br />promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security Instrument whether or not this Security Inslrurnent is specifically referenced. If more than one person s�gns
<br />this Security Jnstrumsnt, each Trustor agrees that this Securiiy Instrument will secure all fucure advances and future
<br />obligations that are given to ar incurred by any ane or more Trustar, or any one or mare 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 cornmitment to make additional or future loans or
<br />advances in any amount. Any such commitment m��t be agreed to in a separate writing.
<br />C. All ather obligations . Trustor owes to Beneficia ; ry, which may later arise, to the extent nat prohibited by law,
<br />including, but not litnrted to, liabilities far overdrafts relatmg to any deposit account agreement between Trustor and
<br />Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving ox otherwise protecting
<br />the Property and its value and any otfier sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
<br />In the event that Bene�ciary fails to provide any necessary notice of the right of rescission with respect to additional
<br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security tnterest in ihe
<br />Trustor's principal dwelling that �s created by this Security Instrument (but does not waive the security mterest for the
<br />debts referenced in paragraph A of this Section).
<br />5. DEEll OF TRUST COVENAN7l'S. Trustor agrees that the covenants in this section are material abligations under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse ta
<br />make additional extensions of credit and reduce the credic lirnit. By not exercisin� 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 paytnents under the Secured Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and this Security InstrumenC.
<br />Prior Security Interests. With regard to any other mortgage, desd of trust, security agreement or other lien document that
<br />created a prior security interest or encumbrance on the Property, T"rustor agrees ta make all payments when due and ta
<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 wrltten
<br />approval .
<br />Clairns 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�uire Trustor to provide to Beneficiary copies of all notices ihat such amounts are due and the receipts evidencing
<br />Trustor s payment. Trustor will defend title to the °Pro�erty against any claims that would impair the lien of th�s Security
<br />Tnstrument. Trustor a to assign to Beneficia�y, as' '�equested by ,Beneficiary, any rights, claims or defenses Trustor
<br />may have against parttes who supply labor or materials t� maintain or imprave the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasanably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration af the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's priar written
<br />consent. Trustor will not permit . any chan�e in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Benefxciary of all dernands, 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 far thepurpose
<br />of inspechng the Property. Beneficiary shall give Trustor notice at the time of or before an ins ection specify ing a
<br />reasonable purpose for the inspection. Any rnspection of tha Property shall be entirely for Bene�iciary's benefrt and
<br />Trustor will in no way rely on Seneficiary's mspection.
<br />Authority to Perform. If Trustor fails io perform any duty or any of the covenants contained in this Security Instrument,
<br />�eneficiary ma�, without notice, perform or cause them to be perfarmed. Trustor appaints Beneficiary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's r�ght to perform for Trustor shall not
<br />create an obligation to perform, and Beneficiary 's failure to perform will not preclude Beneficiary from exercising any �f
<br />Beneficiary's other rxghts under the law or this Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Tx'ustor agrees to comply with the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a unit m a condorniniurn or a planned unit development,
<br />Trustor will perform all of Trustor's duties under tfie covenants, by-laws, ar regulations af the condominiurn or planned
<br />unit development.
<br />Condemnatian. Trustor will give Beneficiary prompt notice af any pending or threatened action, by private or public
<br />entities to purchase or take any or all of the Property thraugh condemnation, eminent domain or any other means. 'Irrustor
<br />authorizes Beneficiary to intervene in Trustor's nar�e in any of the above described actions or clairns. Trustor assigns to
<br />Bene�ciary the proceeds of any award or claim for da�ages connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be consid'��'ed' payments and will be applied as provided in this Security
<br />Instrument. This assignment of procseds is subject to the'terzns 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 rcasonably
<br />associated with the Property 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 msurance carrier praviding the insurance shall be chosen by Trustor subject to Beneficiary's
<br />appraval, which shall not be unreasonably withheld. If Trustor fails to rnaintain the coverage described above, Beneficiary
<br />may, at Bene�ciary'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 applica6le, "loss payee clause.'' Trustor sha11 �mmediately notify Bene�ciary 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 />itntnediately �ive to $eneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate natice to the insurance carrier and Beneficiary. Benefacrary 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 or repair of the Property or t'o
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall nat
<br />extend or postpane the due date of the scheduled payment nor change the amount of any paymeni. Any excess w�ll be paid
<br />to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance poltcies and rnceeds 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.
<br />�� � lpa 2 f
<br />� 1 v �
<br />"' � 199a 6ankars Systama, Inc., St. Cloud, MN Form OCP�REPT-NE 1l31/2003 �
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