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��,.�;,J�= ;.�_..: . � _-= . y�y� __ . -; _ - —�—�>3' _ : ' —_,'__....... _ -_ ._._.—_ f_ _ - _ i C� . . � - t ' . ' � ' '�' .li � .. ... Cc-`_— _ _ l � . ... . .. . . _ ._ _ < .. _ . . .... ` . _ . . �t_ _ t_; ._ $ __ - . . � ` � • C . , , .� L t. � '" ., t.` . . ..i " a _ . r . . �'X" i.F. .. . . �.��` � ` - 'J � . s '! _ - ♦ - , ' ...,�, ..__._._ —_�.._ _ _ . .�..._...-._.«_._ . ._. ..-.-..-�_...�..... _.1.._._. �r�._....�. ,_ `44_ � � � c c�. � , . ..�V�.�. . - - ' ' '\ ' ��' . ' `... - `.t` . ... - , ��m �M�� `� ' • -' �� B. All tuture advaaces from Beaeficiary to Trusmr or other future obligations of Trusto*to Beneficiary under any ` � ,. ' . promissory aote.conuact,gnaianty. or other evid�nce of debt eaisting now or execated after this Dced of Tmst , , • whether or not this Dced of Tnut is specifically ref�rred to in the evidence of debt. � , • � ` .• C. Ai3 obligations T�stor owes to Beaeficiary, which now eaist or tnay later arise, to the extent not prohebited by ' e�� � ��4 � law. inclu8ing. but aot limited ta, liabilities for overdraRs relating to any deposit account agre�ent 6etween r`� .. ' , � . ' Trustor aad Beneficiary. � : . ` ` D. Ali additioaal sums adr+anced and exp�iacumed by Beneficiary for insiuing,pzesenring or otherwise protecxing . . � ` ' the Praperty and its value and any other sums advanced and expenses incurred by Beuefciary under the tecros of '' ,��• - • ._.�.. �; .-- - -- - ��_ this Deed of�'nut, plus interest at the highest rate in effect. from time to time. as provided in the Evidence of _ _ .__ ;:s' . � Debt. `- . . � , . E. T[os[or's performanr_•�mder the terms of any insavment evidencing a debt by Trustor to Beneficiary and any Deed � . ' of Tn�st securing,guaranty-ing,or otHeiwise relating to the debt � • ' � • � � � �s. .. ,-v= ' � . _ .• - If more Wan one person signs this Deed of Tmst as Tmstor, ear�Tmstor agrees that this Daed of Tn�st w�71 secure all - � - . fuwie advances and fnture obligations descdbed above that are given to or inraured by any one or more Tn�swr, or airy '. ,• �� '` one or moze Tnutor aad othecs.lhis Deed of Tmst w�l not se�re any other debt if Benef�ciary fails,with respect to such •F°: "_:,_ ._ ,� ' • �" �= other debt.to make any required disciosure a6out this Deed of Tmst or if BeneSciary fa�s w give any req�ired notice of _ -�"' . the right of rescission. . ,: r-- ' _ "• , { _ _ . . 5. PAYMENI'S.Trnswr agrees to make all payments on the Secored Debt when due and in aa�ndance with the teims of the �`'V` ' � ��s :.�T__ .. , Evide�e of Debt or this Dee�l of Tiust. ':i��.'; �:;= �: � . - 6. �VAYtRANTY OF TITLE.Tivstor covenanu that Tnuwr is lawfiilly sei7ed of the estate conveyed by this Deed of 1Yust "��` '�,r"� =—,_ . � •.,:..•: • . aad has the right to um�vocablY 8rant, convey and sell to Tn�stee,in unst,with power of sale,the Propeity and warrants t,.;�;_ �.�:.;�.'-__ . _'r.� that the Pmperty is uaeacmnbered,excePt for eacvmbranc�s of record. •-- - ° - � - -;-- - `�— •- . ��,lf�. .. ,.�:��. . . . ` 7. CLAIINIS AGAINbT 1TTLE.Trustor will pay all taaes,ass�ts,liens,enrumbrances,lease PaY��•&T�� , :.r • =— --f r:' un7ities.aad other cbarges mlating to the Property whea due. Beneficiary may require Trustor to provide to Beneficiary ' ,�,r= . � �� ropies of aU notices that such amouats are due and the ceceipts evidencing Trustor's payment Trustor will defend dde w �;, `� _"�== - . . � ,. " __ the FtoPenY a8ainst any ctaims that woutd impair the I�ea of Wis Dced of Tcust.Trastor agrees to asslgn to Benefciary,as .. __i. _� requested by Beneficiary, any rights. claims or defenses which Trustor may have against parties who supply labor or • �,:.�- . • . • , materials to improve or maiataia the FroP�Y• � �v. .�-- _ . . ':� . .' " & PRIOft SFCiJRiTY INi'ERE.STS. With regard to any other mnrtgage.deed of tmst. security agreemeni or other lten ;;';,-�; � � documeni thai created a prior security interest or encumbrance on the Property and that may have priority over this Deed �_ - , ' � of Ttust.Tnutor ag�ees: •sr .�.-,_ ' A. To make all payments when due and to perform or comply wiW aU covenants. � . ::�r�;,:_ • � , ` � B. To promptly deliver w Beneficiary any nouces that Tn�stor receives from the holder. � " ;��g;,�.. � ' � C. Not to make or pemrit aay modification or extensioa of,and not to request or accept any fut�ue advances under aay � � ��-�° . - � �-� �-�• '� note or agcrPment secured by. the other mortgage,deed of uusc or security agre�mnt unless Beneficiary consents • �-�� • . r in writiag. �i�xa� ': • .. . . .'�'��,�'- , 9. DUE ON SALE OR�NCUI4IDRANCE.Beneficiary may,at its aption,declaze the entire balance of the Seaued Debt w �?' •�='� . • be immediately due and payab2e upon the crradon of any lien,encumbrance,aansfer,or sale,or cantract for any of theae - ':��=� � . . on the Property. However, if the Praperty incIudes Tiustor's residence. this section shali be sublect to the restrfctians ' --_ � impased by federal law(12 C.F.R.591),as applicable.For the purposes of this settion,We term"Property"also includes :�'�°- ��-"�,_- . any interest to all or any part of the Property.This cavenant shall nm with the Pmperty aad shall remain in effecx uatil the ' ` _ � � � : Sec�ued Debt is paid in fiill and this Deed of Trust is released. � ''°'� "� � �. .�, . ' 10.TRANSFER OS+'AN IN7'ERES7'IN '1'�GItANTOR. if Trustor is an entity other than a natural gerson(such as a ' ..�•�' '�° � `. E corporation or oiher organi7arion).Beneficiary may demand immediate payment if(1)a beneScial interest la Truswr is - - - . sotd or uansfeaed; (2)there is a chaage in eicher the identity or number of inembers of a partne:ship; or(3)theTe is a � " . � � change in ownership of more than 25 percent of the voting stock of a wrporation.However,Beneficlary may not demand � , payment in the above situarions if it is prohib9tod by law as of the date of this Deed of Tn�st. � � . . _ I 4:'. . li.EN77TY WARItANT�S AND ItEP1tESENTA130NS. If TmsWr is an entity other than a natural person(such as a • � ' � corporation or other organization),Trustor makes to Beneficiary the following wa:ranaes and represeotarians which shall • . ' be continuing as long as the 5ecured Debt remalns outstaading: : • . A. Trustor is an entiry which is duly organized and validly existing in the Tnistor's state of incorporation (or � . .. ' organization). Trustor is in gaal standin�ln aU states 9n which Trustor transacis business. Trustor has the power . - - �, aad authority to own the Property and to cany on i�s business as now being conducted and, as applicable, is • : � ' . yualified to do so in each state in wluch Tn�stor operates. • . � , >.. � '. B. The executIon. delivery and performance of this Deed of Trust by Tmstor and the obligation evidenced by the ' � . � Evideuce of Debt are within the power of Trustor. have been duly authorized. have received all necessary � � _ � ; , govemmental approval,and will not violate any provision of law,or order of court or govemmental agency. : - . . C. Other than disclosed in writing Trustor has not changed its name within thc last ten years and has not nsed any �. - �� .. � � other trade or fictitious name. Without Benefclary's prior written consent.Trnstor does not and will not use any ' �� � other name and will preserve its etisting name.trade names and franchises until the Secured Debt is satisfied. ' , : 1Z.PROPERTY CONDITION, AL7'ERA7'IONS AND MSPEC7'ION. Trustor will keep the Property in good condition � �� J and make all repairs that are reasonably necessary. Trustor will give Beneficiary prampt notice of any loss or daznage to . , the Property.Trustor will keep the Properry free of noxious weeds and grasses.Trustor wiU not initiate.join in or consent . . . � to any change in any private restrictive covenant. wning ordinance or other public or private r�slric�on limiting or ' ��'-� � defining the uses which may be made of the Property or any part of the Property, withont Beneficiary's prior written • • ' consent. Trustor will aodfy Beneficiary of all demands, proceedings, claims, and actions against Trustor or any other ` � • z��: . � owr�er made under law or regulation regarding use,ownership and occupancy of the Property.Trustor wiU comply with all � � . � lega]requiretnents and ratrictions,whether public or private,with tespect to the use of the Propetty. Trustor also agtees .• that the natute of tte occupancy and use will not change without Beneficiary's prior written consent. � ' , ' � ; No portion of the Property will be removed,demolished or materially alrered without Beneficiary's prior written consent �I, .,_ - except that Trustor has tHe ri�ht to remove items of personal property comprising a part of the Property that hecome worn .. . • pngo 2 016 �'�+. . , ' �7 993 Banters Svsterns.�nc.St Owd,MN It 800 397�73411 fam AG�CO DT NE 10/30/97 � � - . � �� :3�._� .