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201�.�0�8�
<br />B. Alt future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />promissory note, contract, guaranry, or other evidence of debt executed by Trustor in favor of Beneficiary after this
<br />Security 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 Securiry 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 th�s 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 $eneficiary under the terms of this
<br />Security Instrument.
<br />In the event that Beneficiary faits to �rovide any required notice of the ri�ht 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 COV�NANTS. Trustor abrees tttat tt►e covenauts in this szction are material obligations undez the
<br />Secured Debt and this Securiry 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 rec�uest
<br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior wr�tten
<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�uire Trustor to provide to Beneficiary copies of alt 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 Securiry
<br />Instrument. Trustor agrees to assign to Beneficiary, as rec�uested by Beneficiary , any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to maintain or unprove the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Pro�erty in good conditiou and make all repairs
<br />that are reasonably necessary. Trustor shall not commit or allow any waste, unpairment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beaeficiary's prior wr�tten
<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 Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any lass or damage to the Property.
<br />Beneficiar� or Beneficiary's agents may, at Beneficiary 's option, ent�r the Property at any reasonable time for the purpose
<br />of inspectmg the Properry. Beneficiary shall give Trustor notice at the time of or before an ias ection spec�fy mg a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Bene�iciary's benefit and
<br />Trustar will m no way rely on Beneficiary's mspection.
<br />Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary maY, without notice, perform or cause them to be performed. Trustor ap�oints Beneficiary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's right to �erform far Trustor shall not
<br />create an obligation to perform, and Beneficiary's fadure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Securiry 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 unrt m a condominium or a planned unit development,
<br />Trustor will perform all of Trustar'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 rype and location. This msurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary rec�uires pursuant to the preceding two sentences can change during the
<br />ter� of eue �ecureS Debt. `Tl�e'lasurance catrier providin�g'tbe insurance"shall be cuosen by Trustor sub'ect to Beneficiary's
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage describe� above, Beneficiar�y
<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 immediatel� notify Beneficiary of cancellation ar termmation of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall
<br />nnmediately give to Beneficiary all receipts of �aid premiums and renewal notices. Upon loss, Trustor shall give
<br />nnmediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made nnmediately by
<br />Trustor.
<br />Unless otherwise agreed in writing, all insurance 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 scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Trustor. If the Property is acquired by Beneficiary, Trustor's ri�ht to any insurance policies and proceeds resultmg
<br />from damage to the Property before the acqutsition shall pass to Beneficiary to the extent of the Secured Debt ixrunediately
<br />before the acquisition. f ' ,� �Pane 2� r 4�,
<br />Ej(�..�c/�� �O 1994 Bankers Systams, Inc., St. Cloud, MN Form OCP-REDT-NE 5/10/2005 �� j �� ��J
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