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<br />B. All future advances from B�neficiary to Trustor or other future obligations of Trustor to BeneSciary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after
<br />this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person
<br />signs this Security Instrument, each Trustoragrees that this Security Instrument will secure all futute advances and
<br />future obligations that aze given to or incurred by any one or more Trustor, or any one or more Trustor and others.
<br />All future advances and other future obligations are secured by this Secwity Instrument even though all or part
<br />may not yet be advanced. All future advances and other future obligations are secured as if made on the date of ttus
<br />Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or
<br />future �oans or advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All other obligations Txustor owes to Beneficiary, which may later azise, to the extent not prohibited by 1aw,
<br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor
<br />and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br />protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the
<br />terms of this 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 para�raph B of this Section, Beneficiary wa�ves any subsequent security interest in the
<br />Trustor's principa1 dwelling that is created by this Security Instrument (but does not waive the security interest for the
<br />debts referenced in pazagraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustoragrees 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 agam.
<br />Payments. Trustor agrees that a11 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
<br />that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and
<br />to perform or comply with all covenants. Trustor also agrees not to allow any modification or extension of, nor to
<br />rec�uest any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br />written approval.
<br />Claims Agaiast Titie. Trustor will pay all taxes (including any ta7c assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilities, and other charges relating to the Properiy when due. Beneficiacy
<br />may require Trustor to provide to Beneficiary copies of a11 notices that such amounts aze due and the receipts evidencmg
<br />Trustor's payment. Trustor will defend title to the Property against any claims that would impair the lien of this
<br />Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses
<br />Trustor may have against parties who supply labor or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and tnake all
<br />repairs that are reasonably necessary. Trustor sha11 not commit or allow any waste, impatrment, or deterioraaion of the
<br />Property Trustor agrees that the nature of the occupancy and use will not substantially change without Benefioiary's
<br />prior wntten consent. Trustor will not permit any change in any license, restrictive covenant or easement without
<br />Beneficiary' s prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions
<br />against Trustor, and of 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
<br />purpose of mspecting the Property. Beneficiary shall give Trustor notice at the hme of or before an inspection
<br />specifying a reasonable �urpose for the inspection. Any mspection of the Property shall be entirely for Benefictary's
<br />benefit and Trustor 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
<br />Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustor' s name or pay any amount necessary for performance. Beneficiacy' s right to perform for
<br />Trustor shall not create an obligation to perform, and Beneficiary's fa�lure to -perform will not preclude Bene.ficiary
<br />from exercising any of Beneficiary's other rights under the law or this Security �nstrument.
<br />Leaseholds; Coudominiums; Planned Unit Developments. Trustor agrees to-compiy with the �rovisions of any lease
<br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condomimum or a planned unit
<br />development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the
<br />condominium or planned 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 condemnahon, eminent domain, or any other means.
<br />Trustor authorizes Beneficiary to intervene in Trustor's name m any of the above described actions or claims. Trustor
<br />assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of
<br />all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in ttiis
<br />Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security
<br />agreement or 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 �ts type and location. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requues. What Benefici requires pursuant to the preceding two sentences can change during
<br />the term of the loan. The msurance carri�r provi ing the insurance shall be chosen by Trustor subject to Beneficiary's
<br />approval, which sha11 not be unreasonably withheld. If Trustor fails to maintain the coverage described above,
<br />Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the
<br />terms of this Security Instrument.
<br />All insurance policies and renewals sha11 be acceptable to Beneficiary and sha11 include a standard "mortgage clause"
<br />and, where applicable, "loss payee clause." Trustor sha11 immediately notify Beneficiary of cancellation or termination
<br />of the insurance. Beneficiary shall have the right to hold the �olicies and renewals. If Beneficiary requires, Trustor sha11
<br />immediately give to Beneficiazy 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
<br />by Trustor.
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the �estoration or repair of the Pro or
<br />to the Secured Debt, whether or not then due, at Beneficiary' s option. Any appliaation of proceeds to principal all not
<br />extend or postpone the due date of the scheduled payment nor change the amo�nt of any payment. Any excess will be
<br />paid to the Trustor. If the Properiy isacquired by Beneficiary, Trustor's right to any msurance policies and proceeds
<br />resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt
<br />immediately before the acyuisition.
<br />894/cn/MB
<br />��" 01994 Bankera Syatemn, 1nc., St. Cloud, MN Form OCP•REDT-NE t13112003
<br />�-C466(NE) �oaot�
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<br />447654
<br />(page 2 of 4)
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