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2011032�2
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Deed of Trust at any one time shall not exceed S 850,OD0.00 . This limitation of amount
<br />does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances)
<br />made .under the terms ,of this Deed of Trust..ta protect' Beneficiary s�curity ,and to perform any ,qfi ,the covenants
<br />contained in' this Deed of Trust. Future advan.ces are contemplated " and, alon;g , witH other . fu�yre obfigations, are
<br />,,, ;: secuted ,by,., tlus.De�d of . Trust ; even, thaugh all or,, part may ,not:yet be advanced. .No,tfiing' in thts,;Deed 'of Trust,
<br />, , hovuever, ,�hall , co,�stitute a. corr�mrtment to, make addifior�al o� ,future loans or advances tn any amQUnt: ' Any such
<br />,
<br />commi#ri�ent woul.d need to.be.agreed to,in,a separat� �w'rixing _ ,':- , � . ', ' ;',
<br />,.. . .. . � ,.. , ..,
<br />4. $ECURED D�BT DEFINED. The terrr�''Secured Debt',includes, but is not lirriite`d;to,.the �alyowing: '
<br />A, . The promissory note(s), contract(s), guarantylies) or', other evidence of debt described b'elow and' all eztensions,
<br />renewals, modifications or substitutions (Evidence of Debt): (When �efecencing tlie .debts below it is suggested
<br />that you inc/ude items such es bo��owers' names, noie amounts, interest'rates,: maturity dates, etc.)
<br />LOAN �11101600 DATED: 0412512011 IN THE AMOUNT OF 5850,000.00 IN THE NAME �F CAPITAL MOBILE NUME PARK, LLC, SUSAN L. LI�ISCHEID,
<br />MELVIN W. LINSHEID
<br />5.
<br />B. All fuxure advances from Bene.ficiary to Trustor oc oth�r future obligations of .T,r�stor to_ Beneficia'ry under any
<br />promissory note, contract, guaranty, or other evidence of debt existing now or executed after this Deed of Trust
<br />whether or not this Deed of Trust is specifically referred,to in the evidence of debt.
<br />C. All obligations Trustor owes to Beneficiary, which now exist or may later arise, to the extent not prohibited by
<br />law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between
<br />Trustor 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
<br />the terms of this Deed of Trust, plus interest at the highest rate in effect, from time to time, as provided in the
<br />Evidence of Debt.
<br />E. Trustor's performance ,under the terms of any instrument evidencimg a debt by Trustor to Beneficiary and any
<br />Deed of Trust securing, guarantying, or otherwise ; relating to the debt. .
<br />If more than one person signs this Deed of Trust as Trustor, each Trustor agrees that 4hi� Deed of Trust wip secure all
<br />future advances and future obligations described above that are given to or incurred by any one or more Trustor, or
<br />any one armore Trustot and,othe[s: This : Deed, of, Tru,st will •not secure any, deb# if Beneficiary fails, with.respect
<br />to such other debt, to, make any r.equired,disclo$ure about this Deed,of, oK„if to yive any.required
<br />notice of the right of rescission. _ _„, _
<br />PAYMENTS. Trustor agrees ,to, make alf payments on the Secured Debt when due and in accordance with the terms of
<br />the Evidence of Debt or this Deed of Trust.
<br />6. WARRANTY OF TITLE. Trustor covenants that Trustor is lawfully seized of the estate conveyed by this deed of Trust
<br />and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property and
<br />warrants that the Property is unencumbered, except for encumbrances of record,
<br />7. CLAIMS AGAINST T17LE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground.rents,
<br />utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title
<br />to the Property against any claims that would impair the lien of this Deed of Trust. Trustor agrees to assign to
<br />Beneficiary, as requested by BeneficiarY, any rights, claims or defenses v�fi'tch Trusior may have..against parties who
<br />supply labor or materials to improve or maintain the Property.
<br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property and that may have priority over this
<br />Deed of Trust, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to make or permit any modification or extension of, and not to request or accept any future advances under
<br />any note or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary
<br />consents in writing.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire .balance of the: Secured Debt to
<br />be immediately due and payable upon the.creation of any lien, encumbrance, transfer;,or sals, or contra.Gt for any of
<br />� these on the Pcoperty. Mowever, if the' Property includes Trustor's residence �this section shall be subject to the
<br />-- �estrictions= imposed by: federal law, .(12 C:F:R'.: 591.),,: as applicable.. For;the. purposes of- this: secti�n,: ihe term
<br />� "Property'' also -includes any idterest to all:o� any.part of the Proper#y. This-covenant: shaLl �un with:the Rroperty and
<br />shall�r�main in:effiect until the .Secured:Debt is paid in fuH. and thisDe.ed of Trust is:released. . „ ,
<br />10. TRANSFER OF AN INTERE5T 1N THE GRANTOR. If Trustor�. is an entity other than� a natural� person (such as a
<br />corporation or other organization), Beneficiary may demand immediate payment if (1} a beneficial interest in Trustor is
<br />sold or transferred; (2) there is a change in either the identity or number of inembers of a partnership; or (3) there is a
<br />�j °" 01993, 2001 Bankers Systems, lnc., St. Cloud, MN Form AOCO-RESI-NE 1/17/2003
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