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<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 fa�or of Beneffciary after this
<br />Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Secunty Instrument, each Trustor agrees that this Security Instrument v�nll 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 secured by this Security Instrument even though all or part may not
<br />yet be advanced. All future advances and other future obhgations 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 ,Trustor owes to Beneficiary, `which may later arise; to the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdraftis'��lating to any deposit account agreement between Trustor and
<br />Bene�ciary.
<br />D. All additional sums advanced and expenses incur�e�d $eneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums ad�±at}�ed,�d;e�penses incuned by Beneficiary under the terms of this
<br />Security Instrument. ;, , ;, .
<br />In the event that Beneficiary fails to provide any necessary potic� of the right of rescission with respect to,any additional
<br />indebtedness secured under paragraph B of this Section, Beneficiary wazves any subsequent secunty interest in the
<br />Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security mterest for the
<br />debts referenced m paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor agr��ees that the covenants in this section are material obligations under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to
<br />make additional extensions of credit and reduce the cretlit � limit. By not exercising either remedy on Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later:co�id��.t�ie event a breach if it happens again.
<br />Payments. Trustor agrees that all payments under the`Secµzed..Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and this Secunty Instrument. �
<br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or ot$er 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 with all covenants. Trustor also agrees not to allow any modification 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 />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, apd, other charges relating to the Properiy when due. Beneficiary
<br />may rec�uire Trustor to provide to Beneficiary copies of a11 notices that such amounts are due and the receipts evidencing
<br />Trustor s payment. Trustor will defend title to the Propert� against any claims that would impair the lien of this Security
<br />Instrument. Trustor a�rees to assign to Beneficiary, as��guested by ,Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or matenals to,:�i�intain or unprove the Property.
<br />Property Condition, Alterations and Insp�tt on. Trus�ox wi11 kee� the Pro�erty in good condition and ma.ke all repairs
<br />that are reasonably necessary. Trustor sha1l not commit b�c alk'oW aiiy waste, unpairment,, or deterioration of the Property.
<br />Trustor agrees that the nature of the occupancy a.nd use will ,not substantially change without Beneficiary's prior written
<br />consent. Trustor will not permit any chazge in any licelns,e;.: restrictive covenant or easement without Beneficiary's prior
<br />written consent. Trustor will notify Beneficiary of a11 deman�s, 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 Property 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 speci�ying a
<br />reasonable purpose for the mspection. Any, uispection of the Property shall be entirely for Beneficiary's benefit and
<br />Trustor wilI in no way rely on Beneficiary's mspection. ; v; , r , ,,;
<br />Authority to Perform. If Trustor fails to perform any �d}��',�or°�a�}y of the covenants contained in this Security Instrument,
<br />Beneficiary ma�, without notice, perform or cause them tc�,--�'be;�r,�r�formed. Trustor apQoints Bene�iciary as attorney in fact
<br />to sign Trustor s name or pay any amount necessary for perfo�iance. 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 />Leaseholds; Condominiums; Planned Unit Developments. Trustor a�rees to comply with the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a umt m a condommium or a planned unit development,
<br />Trustor will perform all of Trustor's duties under the covenants, by-laws, or regularions 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. Trustor
<br />authorizes Beneficiary to intervene in Trustor's name m any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for dam�g�s connected with a condemnation or other taking of a11 or any
<br />part of the Property. Such proceeds sha11 be considet�d: ; �payments and will be applied as provided in this Security
<br />Instrument. This assignrnent of proceeds is subject to th�i��rms of any prior mortgage, deed of trust, security agreement or
<br />other lien document. :���:{Y�'Y�� -':' ,�
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<br />Insurance. Trustor sha11 keep Property insured against loss :by fire, flood theft and other hazards and risks reasonably
<br />associated with the Property due to its type and location„ This uisurance s�a11 be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Bene�iciary requires .p�rsuant to the preceding twa sentences can change 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 vcnthheld. If Trustpr fails to maintain the coverage described above, Beneficiary
<br />may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this
<br />Secunty Instrument.
<br />All insurance policies and renewals sha11 be acceptable to Beneficiary shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor shall imuxediatel� notify Beneficiary of cancellation or termination of the
<br />insurance. Beneficiary shall have the right to hold` the � policxes ,and renewals. If Beneficiary requires, Trustor shall
<br />immediately give to Beneficiary all receipts of paid premuuins and renewal notices. Upon loss, Trustor shall give
<br />immediate notice to the insurance carner and Beneficiary $�,ne'�iiary 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 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 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 proceeds resulting
<br />from damage to the Properly before the acquisition sha11 pass to Bene�ciary to the extent of the Secur De t immediately
<br />before the acquisition. �� rPe of a�
<br />�"' p 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31l2003 �
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