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<br />B. All future advances from Bene�ciary 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 Securiry 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 Securiry Instrument even though all or part may not
<br />yet be advanced. All future advances and other future obhgations are secured as if made on the date of this Securiry
<br />Instrument. Nothing in Wis Securiry Instrument shall consritute 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 />Bene�ciary.
<br />D. All additional sums advanced and expenses incuned by Beneficiary for insuring, preserving or otherwise protectin�
<br />the Property and its value and any otfier sums advanced and expenses incurred 6y Beneficiary under the terms of th�s
<br />Securiry Instrument.
<br />In the event that Beneficiary fails to �rovide any required notice of the ripht of rescission, Beneficiary waives any
<br />subsequent security interest in the Trustor s principal dwelling that is created by this Securiry Instrument.
<br />5. DEED OF TRUST C0�IENANT5. Trustor agrees that the covenants in this section are material obligat�ons under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Benefic�'ary 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 Beneflciary'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 Securiry Instrument.
<br />Prior Secnrity Interests. With regard to any other mortgage, deed of trust, securiry agreement or other lien document that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees to make a11 payments when due and to
<br />perform or comply with all covenants. Trustor also agrees not to allow any modification or extension of, nar to rec�uest
<br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior wntten
<br />approval.
<br />Claims Against Title. Trustor will pay a11 taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilines, and other charges relating to the Property when due. Beneficiary
<br />may rec�uire 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 anp claims that would impair the lien of this Security
<br />Instnunent. Trustor agrees to assign to Beneficiary, as requested by Bene�ciary, any rights, claims or defenses Trustor
<br />may have against parties who supply lalmr or matenals to maintain or improve the Propeny.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Pro�erty in good condition and make all repairs
<br />that are reasonably necessary. Trustor shall not commit or a11ow any waste, �mpairment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's p rior wntten
<br />consent. Trustor will not permit any chaunge in any license, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Benefciary of all demands, ptoceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
<br />Beneficiar� or Beneficiary's agents may, at Beneficiary 's option, , enter the Property at any reasonable time for the purpose
<br />of inspectmg We Property. Bene�ciary shall give Trustor notice at the time of or before an ins�tion spec�mg a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Bene iciary's bene it and
<br />Trustor will m no way rely on Beneficiary's mspection.
<br />Authority to Perform. If Trustor fails to perform any dury or any of the covenants contained in this Securiry Instrument,
<br />Beueficiary ma�, 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 nght tope rform for Trustor shall not
<br />create an obligation to perform, and Bene�ciary's failure 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 Securiry Instrument is on a leasehold. If the Property includes a unit in a condomuuum 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 oc public
<br />entities to purchase or take any or all of the Property through condemnation, emineut domain, or any other means. Trustor
<br />authorizes Bene�ciary 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 />Tnstrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, securiry agreement or
<br />other lien document.
<br />Insurance. Trustor shall keep Property insured against loss by �re, flood, theft and other hazards and risks reasonably
<br />associated with the Property due to rts �pe and location. This msurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requues. What eneficiary rec�uires pursuant to the preceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providmg the msurance shall be chosen by Trustor subJ'ect to Beneficiary's
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Bene�ciary
<br />may, at Beneficiary's option, obtain coverage to protect Bene�ciary's rights in the Property according to the terms of this
<br />Secunty Instrument.
<br />All insurance policies and renewals shall be acceptable to Bene�ciary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor shall immediately notify Bene�ciary of cancellaiion or termiaation of the
<br />insurance. Bene�ciary shall have the right to hold the policies and renewals. If Bene�ciary requires, Trustor shall
<br />immediately give to Beneficiary all receipts of aid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate nouce to the insurance carrier and Bene�ciary. Beneficiary may make proof -of loss �f 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 to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any applicatiou 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 insurancepo lic�es and proceeds resultmg
<br />from damage to the Property before the acqu�sition shall pass to Bene�ciary to the extent of the Secured Debt immediately
<br />before the acquisition. �� 2 or ¢�
<br />F'j(�� OO 1994 Bankers Syatems, Inc., St. Cloud, MN Form OCP-REDT-NE 6/10/2005
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