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<br />B. All future advances from Beneficiary to Trustor 4��,`qther future obli of rustor to Beneficiary under any
<br />� romissory note, contract, guaranty, or other eviden�e pf debt executed by Trustor in favor of Beneficiary after this
<br />ecurity Instrument whether or not this Security. Itisti�meut is specifically referenced. If more than one person signs
<br />this Secunty Instrument, each Trustor agrees that tfus Security Instrument will secure a11 future advances and future
<br />obligations that aze 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, secuxed hy„ this Security Instrument even though a11 or part may not
<br />yet be advanced. All future advances and other futiu�'gbligations are secured as if made on the date of this Security
<br />Instrument. Nothing in this Security Instrument sha11' 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 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 />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 adva�cec� expenses incurred by Beneficiary under the terms of this
<br />Security Instrument. , , ,
<br />4 ��� , i� �,.
<br />In the event that Beneficiary fails to provide any necessary �,a�zce of the right of rescission with respect to,any additional
<br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in the
<br />Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security mterest for the
<br />debts referenced m paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor agr�ees 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 consider 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. Vi�ith regazd to any other rnortgage, deed of trust, security agreement or other lien document that
<br />created a prior security interest or encumbrance on the���qperty, Trustor agrees to make a11 payments when due and to
<br />perform or comply wrth all covenants. Trustor also agxees;;�not to a11ow any modification or extension of, nor to request
<br />any future advances under any note or agreement s�Gti�red ';by the lien document without Beneficiary s priar wntten
<br />approval. �
<br />Claims Against Title. Trustor will pay all taxes (uncluc�ip.�,any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilities, and-.atlier charges relating to the Property when due. Beneficiary
<br />may rec�uire Trustor to provide to Bene�ciary copies of a11 'notices that such amounts are due and the receipts evidencmg
<br />Trustor s payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. Trustor a,grees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or matenals to maintain or improve the Property.
<br />Property Condition, Alterations and Ins ion. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary. Trustor shal not commit o,�, allpw any waste, unpau7nent, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy an�i i}�e� change without Beneficiary's prior written
<br />consent. Trustor will not permit any change in any liCense,: ,resti�ctive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Beneficiary of all ctemaz}ds, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Bene�ciary 's option, enter the Property at any reasonable time for the �urpose
<br />of inspectmg the Property. Beneficiary shall give Trustor notice at the tnne of or before an inspection speci�y ing a
<br />reasonable purpose for the mspection. Any mspection of the Property shall be entirely for Beneficiary's bene�it and
<br />Trustor wilI in 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 Beneficiary as attomey 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 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 />,.,; -
<br />Leaseholds; Condominiums; Planned Unit Development,s. Trustor a�rees to comply the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Proper�% inclu,dgs a umt in a condomuuum ar a planned unit development,
<br />Trustor will perform a11 of Trustor's duties under the,;c��!enaiit�S�. 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 or public
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. 'ITrustor
<br />authorizes Beneficiary to intervene m 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 />Insurance. Trustor shall keep Property insured against loss by flood, theft and other hazards and risks reasonably
<br />associated with the Property to its type and location. Tliis msurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requues. What Beneficiary_requir�s pursuant to the preceding two sentencesi can chauge during the
<br />term of the loan. The insurance carrier providing the insurance sha11 be chosen by Trustor subject to Bene�iciary'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, obtain coverage to protect Beneficiary's rights in the Properiy according to the terms of this
<br />Security Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary,and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor sha11 immediately notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the right to hold the policies and renewals. If Bene�ciary requires, Trustor shall
<br />immediately give to Beneficiary all . receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate notice to the insurance carner and Beneficiary. Beneficiary may make proof of loss if not made immediately by
<br />Trustor. ; ,• �,,
<br />Unless otherwise agreed in writing, a11 insurance proceeds sfia�l 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 amount of any paynnent. Any excess will be paid
<br />to the Trustor. If the Properly is acquired by Beneficiary, Trustor's nght to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition. ��, � �
<br />�"' �O 1994 Bankers Systems; Inc., St. Cloud, MN Form OCP-REDT-NE 1/31f2003 � /�/
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