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�Q1104a04
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary 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 Instrument is specifically referenced. If more than one person signs
<br />this Security Instrument, each Trustor ag�e,�s. tl�at this Security Instrument will secure all future advances and future
<br />obligativns that are given to or incuned by any'!�o�e or more Trustor, or any one or more Trustor and others. All
<br />future advances and other future obligations are� secured by this 5ecurity Instrument even though a11 or part may not
<br />yet be advanced. All future advances and oihet'f�t�xe;"�bhgations are secured as if made on the date of this Security
<br />Instrument. Nothing in this Security Instrumenf sh�li 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 laCer 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 incuned by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced and expenses incurred by Beneficiary 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 pazagraph B of this Section, Beneficiary waives any subsequent secunty interest in the
<br />Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security mteresC for the
<br />debts referenced m pazagraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustar agrees that the covenants in this section aze material obligations under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Bene�ciary may refuse to
<br />make additional extensions of credit and reduce the credit limit. By not exercisin�g 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. Tzustor agrees that all payments under the 5ecured 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 a11 payments when due and to
<br />perform or comply �nth all covenants. Trustor also agrees not to a11ow any modi�cation or extension of, nor to request
<br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior wntten
<br />approval.
<br />� C+:.'
<br />Claims Against Title. Trustor will pay all tax'e �in: Yi�e��g any tax assessed ta this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, ut��it��°�� �"other charges relating to the ProperCy when due. Beneficiary
<br />may re c�uire Trustor to provide to Beneficiary co�iies a��� notices that such amounts are due and the receipts evidencmg
<br />Trustor s paym�ent. Trustor will defend title to the Prop�rty against any c laims t hat wou l d impair t he lien o f t his Se c u r i t y
<br />Instrument. Trustor a�rees to assign to Beneficiary, as, xequested by . Beneficiary, any rights, claims or defenses Trustor
<br />may have against partles who supply labor or matenals r� maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Pro�erry in good condition and make all repairs
<br />that are reasonably necessary. Trustor sha1� not commit or allow any waste, impairment, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br />consent. Trustor will not permit any chaz� e 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 loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option,.enter the Properly at any reasonable time for the purpose
<br />of inspectmg the Property. Beneficiary sha11 give Trustor notice at the time of or before an inspection specify ing a
<br />reasonable purpose for the uispection. Any inspection of the Property shall be entirely for Beneficiary's bene�it and
<br />Trustor will in no way rely on Seneficiary's mspection.
<br />Authority to Perform. If Trustor fails to perform'any d�ty or any of the covenants contained in this Security Instrument,
<br />Beneficiary ma�, without notice, perforzn or cause tl�em to be performed. Trustor appoints Beneficiary as attorney in fact
<br />to sign Trustor s natne or pay any amount necessary' for performance. Bene�ciary's nght to erform for Trustor shall not
<br />create an obligation to perform, and Beneficiary 's failure to perform will not preclude Bene�ciary from exercising any of
<br />Beneficiary's other rights under the law or Chis Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor a�grees to comply the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a utut in a condomuuum or a planned unit development,
<br />Trustor will perform a11 of Trustor's duties under the covenants, by-laws, or regulations of the condominium or planned
<br />unit development. , ., , .
<br />Condemnation. Trustor will give Beneficiaxy grs�n� �', p��e of any pending or threatened action, by private or� public
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<br />entities to purchase or take any or all of the Prop�� �1 condemnation, eminent domain, or any other means. 'l�rustor
<br />authorizes Beneficiary to intervene in Trustor's name�.: y of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for dam�ges connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be consid�z'ed payments and will be applied as provided in this Security
<br />Instrument. This assignment of proceeds is subject to ttie' 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 to its type and location. This msurance sha11 be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary requires pursuant to tYte preceding two sentences can ch2nge during the
<br />term of the loan. The insurance carrier providing the insurance sha11 be chosen by Trustor subject to Beneficiary's
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary
<br />may, at Beneficiary's option, ohtain coverage to protect Beneficiary's rights in the Property according to the terms of this
<br />Security Instrument.
<br />All insurance policies and renewals sha11 beacceptable to Beneficiary,and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause. " Trustor shall immediately notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have Che right to hpld t�ie, policies and renewals. If Beneficiary requires, Trustor shall
<br />nnmediately �ive to Beneficiary all receipts of �,�id��r:�miums and renewal notices. Upon loss, Trustor sha11 give
<br />immediate notice to the insurance camer and Be��fi�fa�y: `Beneficiary may make proof of loss if not made immediately by
<br />Trustor. '
<br />Unless otherwise agreed in writing, all insurance proceeds sha11 be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not Chen dae, at Beneficiary's option. Any application of proceeds to pnncipal 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 roceeds resulting
<br />from damage to the Property before the acquisition shall pass to Bene�ciary to the extent of the Secured�ebt immediately
<br />before the acquisition. ��( �ne e ofa�
<br />�� p 1994 Bankers Systems, lnc., St. Cloud, MN Form OC3� F�dT NE �1 j3�;/2003 =�— �
<br />'t'C3';.,°:r�.' "
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