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20�20140� Unless otherwise agreed in writing, a11 insuranca paoc�eds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Bene�iciary's option. Any application of proceeds to principal s�all not extend or postpone the due tiate of ti�e scheduled gaym ent nor change the amount of any payment. Any excess will be paid to the Grantor. If the Propertp is acquired by Beneficiary, Trustor's right to any insurancepo licies and proceeds resulting from damage to the Property before the acquis�txon s�all pass �o Beneficiary to the extent of the Secured Debc immediately before the acquisiaon. 20. ESCR�W FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiazy funds for taxes and insuxance in escrow. 21. FINANCIA[. REP4RTS AND ADDITIONAL DOCUMENTS. Trustoz wi�k prov�de to Beneficiazy upon request, any fin�ancYal statement or infarmation Bene�iciary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any adc4itional dacuments or certificaiions that Benefieiazy maY consider n�ary to perfect, conhnue, and preserve Grantor's oblrgations under this Security Instrument anr� Beneficiarq s�isn status on the Property. 22. JOTNT AIYD INDIVIDUAL L�ABII.ITYi CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. A,il duries under this Security Instrument are joint and �ndividual. If Ttustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only ta Inortgage Trustor's interest in the Property to secure payment o€ the Secured7;lebt and Trustor does not agree to be gersonally �able on the Secured Debt. If this Security Instrument secures a guaFanty between Beneficiary and Trustor, Trustor agrees to waive any rig�ts that znay prevent Beneficiary frum bringing any action or ctaim against Trustor or any �asty indebted under the ob�igation. These rights may include, but aze not lymited to, any aatr-deficiency or one-act�on laws. Trustor agrees that Beneficiary and any party ta this Security Instrument may extend, modify or make any change in the Serms of this Secuzity lnstrument ar any evrdence of debt venthoue Trustor's c;ansent. Such a change will not release Trus�or from the terms af this Seeurity Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERA.BILITY; INTERPI2ETATIUN. This Security I�strument is governed by the laws of the 3urisdid3on in which Bene�iciary is located, exce�t to the extent otherwise required by the laws of the jucisdiction where the Property is located. This Security Instrument is complete and fully entegrated. This SECUrity Instrument may not be amended pr mod'xfi'ierl by ora� agreemant. .Any section in Yhis Security Instrument, attachments, or any agreenne�t related to the Secwed Debt that conflicts with applicable law will not be e€fective, unless thaf law expressly or impltedly germits the variations by written agreement. If any secxion of this Security Instrument cannot be en€orcad according to its terms, that section will be seveced and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and tha plural the singufar. The captions and headings of the sedions of this Security I�►strument are far cronvenietzce only and are not to be used to iaterpret or define the terms of this Security Ins�rument. Time is o� the esse�ce in this Security Instrume�nt. 24. SUCCESSOR TRUSTEE. Beneficiary, at Bene�ciary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than tbe designatson in wnhng. The successor trustee, without canveyance of the Property, shail succeed co ail the ti�le, power atzd duties conferred upon Trustee by this Security Instrument and applicabie law. 25. NOTICE. Unless otherwise xequired by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate �arty's address on page 1 of this Security Instrument, or to 3ny other addtess designated in writing. Notice to one trustor vsr�Fi be deemed to be notice Eo ail trustors. 26. WAIYERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Properry. 27. UTAER TERMS. If cbecked, the foIIowing aze applicable to this Security Instrument: � Line of Credi�� The Se,ciued De'bt incIudes a revolving line of credit provision. Althnugh the Secured Debt may be reduced to a zero balance, this Securiky Instrument will remain in effed' untEl released�. 0 Construction I,oan. This Securiry Inserument secures an obligation incurred for the construction of an isnpravement on the Property. 0 Fixture Filiag. Trustor grants to Benefieiaty a security intet�est in alI goods that Grantor owns now or in the futute aa.�aad tha� are or will become fixtt�res related to the Progecty. This Security Instrunnent suffices as a finaneing statement and any carboz�, photographic or other raproduction may be fi�ed of record for purposes of Atticle 9 of the Uniform Cammexciai Cade. � Riders. The covenants and agreeme�ts of each of the riders checked below are incorporated in�o and supplement and amend the terms of this Secvrity lnstrument. [Check all app�icable boxes] � Condominium Rider CI Planned Unit Development Rider CI Qther __________ ------------------ [� Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants cantained in this Secuzity Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instnunent on the date stated on page 1. � '' �"`7�� ______ �c�_--------- � } ----------------------------------- gnature) J ' r J. adovaleder � (SI nature -------------------------------------------- -------------------------------------------- (Signatute) (Date) (Signamre; (Date) ACKNOWLEDGMEAIT: STATEOF__N��k�------------------ , COUNTYOF Hall ---------------------------- }ss. «nd1 This instrument was acknowled ed before me this 17 t h _ da of F e b r u d r' 2 012 � ---------- y ---�'--------------------- � _ Jennifer J. Cadwalader a sin 1� erson _ _, ---------------------- My cozYUnission expires c�o j(� ,�,�j �5 `�' � ----- -�� ---- � - - ------- ��. pQj�-� (Natary �ubli ) � �� - phtbm�m.�ExpAB��rt, �g �j o °A {Q 1994 Bm�kers Systems, Ino., St. Cloud, MN Form RE•DT-NE 7f30/2002 (pggB q 0/ 4) ��CifiS(NE� �aaoi} S165NE {01/�0) Loan Number �poc•�oc-xx1236