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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, guaranty, or other evidence of debt executed by'Trustor in favor,of Beneficiary after this
<br />Security Instnunent whether or not this Security Instrument is specifically referenced. If more than one_ persdn si ns
<br />this Securiry Instrumeat, each Trustor agrees that this Security Instrument will secure all future advances and fu ure
<br />obligations that are given to or incuned by any one or more Trustor, or any one or more Trustor and others. All
<br />fnture advances and other future obligations are secured by this Securiry Instrument even though alt or part may not
<br />yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security
<br />Instrument. Nothing in this Securiry Instrument shall constitute a commitment to make additional or futnre loans or
<br />advances in any amount. Any such commitment must be apreed to in a separate writing.
<br />C. A(1 other obligations Trustor owes to Bene�ciary, which may later arise, to the ement 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 addit�oual sums advanced and expenses incurred by Beneficiary for insuring, preserving or o[herwise protectin�
<br />the Property and its value and any otrier sums advanced and expenses incurred by Beneficiary under the terms of th�s
<br />Security Instrument.
<br />In the event that Beneflciary fails to �rovide any required notice of the right of rescission, Beneficiary waives any
<br />subsequen[ security interest in the Trustor s principal dwelling thai is created by th�s Security Instrument.
<br />5. DEED OF TRUST COVENANTS. Trustor agrees 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 considet the event a breach if it happens again.
<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, securiry agreement or other lien document that
<br />created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to
<br />perform or comply wrth all covenants. Trustor also agrees not to allow any modification or extension of, nor to rec�aest
<br />any future advances �nder any note or agreement secured by the lien document without Beneficiary's prior wnuen
<br />approval.
<br />Claims Against Titie. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utllittes, and other charges relating to the Property when due. Beneficiary
<br />may rec�uire Trustor to provide to Bene�ciary copies of all notices that such amounts are due and the receipts evidencmg
<br />Trustor s payment. Trustor will defeud title to the Properry against any claims that would impair the lien of this Security
<br />Instrument. Trustor agrees to assign to Bene�ciary, as requested by Beneficiary , any rights, clainas or defenses Trustor
<br />may have against parties who supply labor or matenals to mauitain or unprove the Properly.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. Trustor shall not commit or allow any waste, unpairment, or deterioration of ti►e Property.
<br />Trustor agrees that the nature of the occupaucy and use wil! not substantially change without Beneficiary's prior wriuen
<br />consent. Trustor will not permit any change in any license, restrictive covenant or easement without Bene�ciary's prior
<br />written consent. Tnastor will notify Benef�ciary of all demands, proceedings, claims, and actions againse Trustor, and of
<br />any loss or daniage to the Pmperty.
<br />Beneficiar� or Beneficiary's agents may, at Beneficiary 's option, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection sp��fy mg a
<br />reasonable purpose for the mspection. Any inspection of the Property shall be entirelq for Bene�ciary's bene�t and
<br />Trustor will m no way rely on Beneficiary's inspection.
<br />Authority to Perform. 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 ap�oints Bene�ciary as attorney in fact
<br />to sign Trusior s name or pay any amount necessary for performance. Beneficiary's nght toperform for Trustor sha11 not
<br />create an obligation to perform, and Beneficiary'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 />Leasehold5; Condominiums; Planned Unif Developments. Trustor agrees to comply, with the provisions'`of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a ucut m a condomtmum or a pl,anned unit development,
<br />Trustor will perform ali 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 threateued action, by private or public
<br />entities to purchase or take any or all of the Properiy through condemnation, eminent domain, or any other means. 'I`rustor
<br />authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or ctaims. Truseor 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 Securiry
<br />Instrument. 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 Properly insured against loss by fire, flood, theft and other hazards and risks reasona6ly
<br />associated with the Property due to its �pe and tocation. This insurance shall be maintained in the amounts and for the
<br />periods that Bene�ciary requires. What ene�'iciary rec�uires pursuant to the preceding two sentences can change during the
<br />term of the Secured Debt. The insurance carrier providmg the insurance shall be chosen by Trustor subJ'ect to Bene�ciary's
<br />approval, which sha11 not be unreasonably withheld. IF Trustor fails to maintain the coverage described above, Bene�ciar�y
<br />may, aL Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of th�s
<br />Securiry Instrument.
<br />All insurance policies an.d renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor shall immediatel� not�fy Bene�ciary of cancellation or termmation of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall
<br />immediately �ive to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate notice to the insurance camer and Beneficiary. Beneficiary may make proof of loss if 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 Pro�erry or to
<br />the Secured Debe, whether or not then due, at Bene�ciary's option. Any application of proceeds to principal shall not
<br />extend or postpone tbe due date of the scteeduled payment nor change the amouut of any payment. Any excess will be paid
<br />to the Trustor. �f the Property is acquired by Beneficiary, Trustor's right to any insurancepo licies and proceeds resulttng
<br />from damage to the Property before the acqu�sition shall pass to Beneficiary to the extent o�the Secur Debt immediately
<br />before the acquisition. /' . �� 2 / g ' f 4J
<br />�j OO 1994 Bankers Syatems, lnc., St. Cloud, MN Form OCP-REDT-NE 6/10l2005 �•� 1 l J
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