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<br /> � , �' B.All future advances from Beneficiuy r other evidence of deb�ecubted by Ttustor in'�favorof Benefi�c.iarY�e�� `� , _ ° '
<br /> promissory aote,canuact.g�ar'd°tY• Securi las�uument is specifrcally referenced. If moie than oae � • � '
<br /> af[er tWs Securisy Inst�mment whether or not tbis tY �a ent will secure all future
<br /> � � person sgns this Secnriry.In�u+m�ent. each Tnutor a� �t �or m�ore Tiusro ,r or any one or more Tcustor
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<br /> � ' advances and future ab' on5 tbat ate given to ob����vred b tbis Security Insuument even thaugh aI1 �. .
<br /> . � � .
<br /> . � and otbecs. All f�aie a ances an�l other fntnre ge Y ��.. ;
<br /> . or part may not yet be advance�-AIl futote advances��s�ha�il conusu�wte a co�mnoiitment w mak�e addiaonal or � . "
<br /> No m this Securitp `
<br /> • .; of tti�s SecaritY Insdrament. � �c��icment mnst be agceed to in a sepaiate wriung. � .
<br /> . :.� fnture loanc or advances in anY amon�-�l► ` '':'�
<br /> ' ' � ` C.A ll o b l i g a t i o n s T m s t o r o w e s to Benefi c�a i Y, which map later arise.�the�not�i��e e n Trastor�and� i :.;.,.r . .
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<br /> --- -�� but aot limit�i w. liabilities for overdiafts celat�n8 w at►Y d�P :--- ` - -------
<br /> , �`-`� Bene�CCiaTS• for insurinS,preserving or otherarise pmtectin8 �.-` -- �
<br /> •i D.All additioual smns advanoed and expenses incanred by�Ben��inciuied bY Benefcciary under the te�s of tbis :,
<br /> ,.� tbe p m pe rt y and'us value anfl any otl�r sams advanced � `. .
<br /> • � Se�nty(nspmment. �. . - .
<br /> � � �1 In.stmment w�71 not secuFe anY otfier debc if Beneficiary 4'a�s to give ai►Y required notice of the right of ��_ _ :;`,. "
<br /> . T6is Sec•urity - �g' �
<br /> � rescission. '`4.
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<br /> ' .�f S. PAYMEN'TS.Ttastor agrees tl�at aU paymenES under the Secured Debt will be paid whea due antl in accordance with the , 4 • r •
<br /> '. `�� tecros of the Se�ued Debt and this Secuncy InsuumenG • ` . """_,R_�-:
<br /> .' •'';� 6. WARRANTY OF TITLE.Tcuswr wa�rraats that Ttustor is or w�l be lawfuily seized of the estate conveyed bY this • �.;�:�-
<br /> ( Security lnsnuuient and has the dght[o iaevacably grent.comrey.and seU the Property to Tnutee.in uust,w�th Power of , , y__
<br /> �.� sale.Ttuswr also watrartts that the Propetty ls unencumbe�ed.eacept for enaumbraaces of recotd. ..:.4;�-:
<br /> deEd of nvst.seauity a8ceemeat or other lien ��—
<br /> ..1 i With regard to anY other martgage, , ''�-":
<br /> 7. PRTOR§ECURiTY 1fJ�fEILES'f�•
<br /> . ,� documenc d�at c�eacCd a prior security in[eresc or o�oi com 1 a�rith aU cav�� ot agrees: . �`;�
<br /> /!.To make all payments whea due and.o pecf P Y
<br /> . ' ��i B.To pmmptly deliver to Beneficiary aay nodces that Tmstor receives fmm the holder. note or agceement " _.:. �
<br /> � C.Not to allow any modification ar extension of. nor to reqaest any facure a�°���T�y , = �.;�: :�-.
<br /> ' . �`.:� secuied by the lien document wichout Benef ciary's prior wntoen conses►t. ., .�,�-_-.
<br /> • . '� all taxes,assessneats lienc.encambrances,lease paymenu,ground ients, ` -y-
<br /> S. CLAIMS AGAQiS'1'TiTLE.Tmstor will pay re Tnutor to provide to Benefcejary '. .��;:Y��•
<br /> u a f i t i e s. a uJ other cbarges relatinS w the Pr°perty when dae. Beneficiary T a y�����T�r un'll defend title to ;. .,�:_�.:;�._
<br /> , � . c o pies of all nodces t�at such amounts are dne and the receipts evidencin8 �en� Tn�swr agrees to assign to - _�,;_
<br /> the Ptopeny against any c l a i m s t h a t w a u l d n P���o=defens�es Tm i may have againvt Parties w ho sup P 1 Y l a b o r ;;�:u:�;..
<br /> . Benefic�ary.as r e q ue�ed by Beneficiary.anY Sh . ;:.`�;:=;,`
<br /> • or mate r i a l s to waintain or tmpmv e t h e P r o p e rt y. ' €d`�, °
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<br /> ' 9. DUE ON SALE OIt ENCUMSRANCE.Benefcciary map.at iu option,declate the entiie baLlnce of the S�Debt to ;a.,.�g
<br /> . be immediately dus and,pagable upoa the creauon of.or cont�act for the creation of, anq lien, encumbiance, aansfer or :---,.:
<br /> TWs n t is subject w the r�aicdons imposed by fede:al law(12 C.F.R. 591),as aP licable.T6is ':;.:i�=;r;-
<br /> sale of the Property, y �`'� ''�
<br /> cm+enant shall iun with the�Pmperty and shall remain in effect antil the Secured Dabt is paid in fiill �this Security :,;
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<br /> , Iasscument is released. •' �.'.
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<br /> � � 10. PROPERTY CONDITION, AL'i'�RATIONS AND IN�C�not�cammitt or allow�a�ny Pew�aste��Pairment�°r � ':� ��.?z'`�;
<br /> � and make all m aits that are reasonabiy nece.ssat}r• . .:�;�-
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<br /> decerioratiou of the Praperty Tn�stor wiU keep the Property free of noxiow weeds and�rasses. Tn�stor agre�t1�t the J.._s: -
<br /> � nacure of the accupancy and use will not subsuwaally change without Benefcc�acy s prior wntten consent�Trustor wiU not . _ . ,_
<br /> fi' . _ :.:�"�:v.
<br /> prrmit any change in any license.restricpve wvenant or easement withone Bene ciary's prior wriaett cansent.Tn�stor wi11
<br /> ��� noufy Beneficiaryr of all demands. proceedings, claims,and acdons agaiasc Trustor, and of any toss or damage to the _�,���._
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<br /> �r Beneficiary or B�neficiary's agents may.at Benefi e Trastoi�nodce�at t�he�e of oi befon an ble .e�cdoaIs�p�f�y�n��Sa . ;��;..
<br /> . , of inspec�ng the Property. �enefictasy shaU,gi shall be entirel for Beneficiary's benefit -and ,
<br /> �� reasonable ose for the wspection. Any,msPection of the Property Y
<br /> . .. T�aswr ' in no way rely on Beneficiary's�nspecdon. -
<br /> 11. AUTHORITY TO PERFORM. If Trustor fails to perform any dnty ar anY of the covenants contaiu�l in th�s SecuritY .'.::�
<br /> � Insuament, Beneficiary may, without nodce.Perform or cause them o be����Be�fic�;ary s nght oeIIperfo m for . ': ,��T•
<br /> ;. attomey ia fact to slgn Tntstor's name or pay any amount necessary . P •
<br /> " � Trostor shall not create an obligadon to erform.and Beneficiary's fa�lure to perfoim wi11 not prec2ude Beneficiary from
<br /> exercisins any of Beaeficiary s other ri�its under the law or this Securiry lastiument.If any canstruction on the Propetty
<br /> is disconanued or not carried on,in a reasonable manner.Bene6ciary maY take a1�StePg necessary�o protect Beneficiary's ,
<br /> � security ineerest in the Pcoperty.�ncluding completion af�Se cabsuucrion. , .. ;
<br /> .� 1Z. ASSIGNMENI' OF LEASES AND ItEN1'S• Trustor irrevocably Srants, conveys and sells to Tmstee, in wst for the •_ .
<br /> '�� � b�ne5t of Beneficiary. ag additional seciuity a11 tlie right,tide and interest�n�of an y om'don ofxthe P%per�ty �,'aclu�ding
<br />- subteases.and any other written or verbal agreements for the use and occupancy • .
<br /> any eatensions.renewals,madifications or subsdtuaons of such a�reements(all refe�to as "lxases")and renis•�ss°�s
<br /> andprofita (all refer[ed to as "Rents"). Tmstos will prompdy provide Beneficiary with mte and,cortect caples of all
<br /> � � existing and future Leases.Ttustor may collect. receive,enjoy an7 use the Rents so long as Trustor�s not in defaalt nnder
<br /> the tem�s of this Security lnstnunent. .
<br /> Trustar acknowleciges that tbis assigmnent is perfected upon the tece�rding af this Dred of Trust and that Beneficiary is
<br /> e�nitled to norify any of Trustor's renants to malce payment of Rents due ar to hec;�me due to Beneficiary. However,
<br /> � Beneficiary agreCS that only on default will Beneficiary notify Trustor anJ Trustor's�e��nts and make�lemanJ that ell „
<br /> � ! future Rents be paid direi;tly to Bene�iciary,On receiving nodce of default:Trustor will eadorse and deliver to Beneficiary
<br /> � • � :my payment uf Rents in Trustor's possess�on and will receive any Rents�n trust for Beneficiary and wi11 not commin8le 1
<br /> � the Rents with any other funds. Any amounts collected will be applied as provideJ in this Security lnstrument. Trustor
<br /> wanant�that no defaul�ex�st�t�nCt1i�Le�esf thc�l.e�e�.s�Pn�ap�p�icathle law�e�nt law.Trustor also a�rees to maintain ane1
<br /> � reyuire xuy teiwnt tu u mp y
<br /> 13. LEASEHOLDS; CONpOMINIIJMS; PLAMVED l)NIT D�VELOPMENTS. Trustur �grees to wmply, with the . .
<br /> 1 pr�visior�s e�f any le�ase if this Se�urity Instrument is on a IeaSeholJ. !f the Propeny in�ludes a unit in a wndommium or a .
<br /> j planne�unit development. Trustor will perform aii of T�usWr's duties unJer the a�venants.by-laws, or regulations of dte
<br /> .�, • ' � condominium or plannal unit development. .
<br /> � � �P�9B
<br /> " h 1gg4 Beatero Srateme.ire..St.Cloud.�d4 �1�800-397•23611 Form RE�DT�1�E 9/13H8 _ .
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