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<br />B. All future advances from Beneficiacy to Trustor or other future obligations of Trustor to Beneficia,ry under any
<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 Instnzment 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 secared by this Security Instrument even though all ar part may not
<br />yet be advanced. A11 future advances and other future oblrgations are secured as if made on the date of this 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 limrted 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 expanses incurred by Bene�iciary under the terms of this
<br />Security Instrument.
<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to additional
<br />indebtedness secured under paragraph B of this 5ection, Beneficiary wa�ves any subsequent security interest in the
<br />Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security interest for the
<br />debts referenced in paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section aze material obligations under the
<br />Secured Debt and this 5ecurity 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 exercisin� either remedy on Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to Iater consider the event a breach if it happens again.
<br />Payments. Trustor agxees 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 Tnstrument.
<br />Prior Security Lxterests. With regard to any other mortgage, deed of trust, security agreement or other lien document that
<br />created a prior securiry interest or encumbrance on the Property, Trustor agrees to make all payments when due and to
<br />perform ar comply with ali covenants. Trustor also agrees not to a11ow any modifieation or extension of, nor to request
<br />any future advancas under any note or agreement secured by the lien document without Beneficiary's prior wntten
<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 whan due. Beneficiary
<br />may rec�uire Trustor to provide to Betteficiary 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 an�y claims that would impair the lien of this 5ecurity
<br />Instrument. Trustor a�rees to assign to Bene�iciarx, as requesied by,Beneficiary, any rights, claims ox defenses Trustor
<br />may have against parties who supply labor or matenals to maintain or unprove the Property.
<br />ProgErty Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. Trustox shall not commit or allow any waste, �mpauYnent, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's pnor written
<br />consent. Trustor will not permit any change in any Iicense, restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will nptify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any Ioss 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,purpose
<br />of inspectmg the Property. Bene�iciary shall ive Trustor norice at the time of or before an inspection speci�y in a
<br />reasonable purpose for the mspection. Any in of the Property shall be entirely for Beneficiary's bene�it and
<br />Trustor will in no way rely on Beneficiary's inspection.
<br />Authority to Perforar. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary ma�, without notice, perForm or cause them to be performed. Trustor appoints Bene�iciary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for performance. Beneficiary's nght to perform for Trustor shall not
<br />create an obligation ta perfozm, and Bene�iciary 's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developenents. Trustor a�rees to comply, with the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Properly includes a urut in a condomimum or a planned unit development,
<br />Trustor will perform all of Tnastor's duties uaider the covenants, by-laws, or regulations of the condominium or planned
<br />unit development. '
<br />Condenanation. 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 />Bene�ciary 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 />Tnsurance. Trustox shall keep Property insured against loss by flood theft and other hazards and risks reasonably
<br />associated with the Property,due to its type and locatian. This msurance s�all be maintaitted in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two sentences ean change duri,ng the
<br />term of the loan. The insurance carrier providing tfie insuxance shall be chosen by Trustor subject to Beneficiary's
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maiutain the coverage described above, Beneficiary
<br />may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according ta the terms of this
<br />5ecurity Insirument.
<br />AlI insurance policies and renewals shall be acceptable to Beneficiary shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor shall immediatel� notify Beneficiary 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 />immediately give to Beneficiary all of paid premiuxus and renewal notices. Upon loss, Trustor shall give
<br />i�xunediate nohce to the insurance camer and Beneficiary. Beneficiary may make proof of loss if not made immediately by
<br />Trustor.
<br />Unless otherwise agxeed in writing, all insurance groceeds 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 aznount of any payment. Any excess vvill be paid
<br />to the Trustor. If the Properly is acquired by, Beneficiary, Trustor's ng ht to any insurance policies and proceeds resulting
<br />from damage to the Property before the acqursition shall pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition (page 2 of 41
<br />�1 °A O 7994 9anker9 Systems, Inc., Si. Cloud, MN Form OCRREDT-NR 1/31/2003 � 4
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