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, .. .... ;, . , . _ � ,. _• '. •.,. =_,�:-.�- �xv nr,•• , . . . .. . • •7:--__-�---_ .°_._ �. � '" i'P, � . � . _'l:,�.i:!�'��"^' � F._�.._�Y. .i�_ —�___�__�_. . . �1i5±��a_='.-_ � r. �.� y -_ .:r�S! -- ---- ._...�..,. �7— st:�s'7�u Unless othcrwisc agrecd in writing,all insueance pra;eeds shall be applicd to thc restaration ur repair c�f thc Property — or to the Secured Debt,whether or not then due.ut Lender's aptton Any appltcation af procecds to principt�l shall not extcnd or past�nc the duc datc af thc scheduled payment nor�hange th�amount of any paymcnt.Any cxccss aill bc paid ta the C3rar�tor. If the Properiy is ecquircd by i.ender. Grantar's rtght to any insurance policles nnd proceeds resulting trom damage to the Propeny before the ac�uisition shaU pass to Lender to the extent of the Secured Dcbt immcdiately beforc thc acquislttan. Z0. ESCROW FOR TAXFS AND lNSUltANC�.Unless otherwisc prnvid�J in x s�paratc agrcement,Grantor�vill not e be rcquired to pay to Lender funds for taxes and insurance in escrow. 21. FINANCIAL REPORIS AND A,AQITIONAL DOCUMENTS.Grantor will providc ta I..cndcr upon rcqucst.any financial statement or information I�_nder may deem reasonably necessary.Grantor agrees to sign,deliver,and filc any additional documents or certiCcations that Lender may consider necessary to perfect,continue, and preserve Grantor's abligations under thls Securlly Instrument and Lender's Gen status on the Property. 2Z. JOINT AND INDIVIDUAL LiABiLITY;CO•SIGNERS;SUCCESSORS AND ASSIGNS BOUND.All duties under this Security Ipstntment are Jotnt and indiv�duat.If Grantor signs this Security Instrument but does not sign un evidcnce of debt,Orantor dacs so only to mortgage Grantor's lnterest in the Property ta secure payment of the Secured Debt and Grantor dces not agree to bc personully liable on the Secured Debt. If this Secunty Instrument secures a guaranty betwesn L.ender and Grantor,Cirantor ap,rees to waive any rights that may prevent Lender from bringing any action or claim against Grantor or any party indebted under the obligation.These dghts may include.but are not Wnhed to,any anti-deficiency or one•action laws.Grantor agtees that Lender and any party to this Securiry Instrumcat may extend,modify or make any change in the terms of this Security Instrument or any evidence of debt _ without Grantor's consent.Such a change will not release C3rantor from the ternis of this Security Instrument. The dudes and bencfits of this Ser.urity Instrument shaU bind and benefit the successors and assigns of Grantor and Lender. 23. APPLICABLG LAW;SEVERABILITY;INTERPRE'I'ATION.This Security Instrument is governed by the laws of the jurisdiction in which I.ender is located,except to the extent otherwise required by the laws of the ju�sdiction whcre thc Praperty is located.Tbis Secudty Instrument Is complete and fully integrated.This Security Instrument may nut be acnended or modified by oral agreement. Any section in this Security Instrument,attachments,or any agreement related to the Secured Debt that oonflicts with applicable law wiU not be effective,unless that law expressly or impliedly permits the vatiatlans hy written agreement.If any sectlon of this Security Instrument cannot be enforced according to its terms,that section will be severed and wiU not affect the enforceability of the remainder of thls Security Instrument.Whenever used.the singular shall include the plural and the plural tbe singular.The captions aad headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or �efu�e iiie ierms uf itiis�ccurity Inssrument.Time is Qf tl�e Ps�n�p�n this Security Instrument. ?A. SUCCESSOR TRUSTEE.Lender. at Lcnder's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the des[gnation in writing.The successor trustee.without conveyance of the Property,shall succeed to all the tttle,power and duties conferred upon Trustee by this Security Instrument and applicable law. ZS. NOTICE.Unless othenvise required by law,any notice shaU be given by delivering It or by mailing it by first class mail to tha appropriate party's address on page 1 of this Security Insuument,or to any oWer address desigaated in writing.Nodce to one grantor will be deemed to be notice to aU grantors. 26�, WAIVERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS.If checked,the following ere applicable to this Security Instruraent: � Li�e ot Ccedif.The Secured Debt tncludec a revolving line of credit provision.AlWough the Secured Debt may be reduced to a zero balance.this Security Instrument will remain in effect unW released. ❑ Constructiod Loan.This Security Instrument se�ures an obligation iacuned for the construction of aa improvement on the Property. ❑ Fhtnre Ff1inE.Grantor grants to Lender a security interest in all goods that Grantor owns now or in the future and that are or will become Cvctures related to the Property. This Security Instrumenl saHices as a financing statement and any carbon,photagraphic or other reproduction may be 61ed of record for purposes of ArtIcle 9 of the Uniform Commercial Code. ❑ Rtdere.The covenants and agreements of each of the riders checked below are incorporated into aad supplement and amend the terms of this Security Instrument.[Check all appllcable boxes] ❑Condominium ltider ❑Planned Unit Development Rider ❑Other.......................................................... D Additio�nl Ternm. 51GNATURES:By signing below,Grantor agrees to the terms and oovenants contained in this Security Iastrument and in = any attachments.Grantor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. _ ..�a�.. .....��C,�`.".^:�. .......11/07/97 , ..........!�....... .................................11/07/97 . ......... . . ... ........ ...... .... . .... . ..... . . - (Signature) i.itQ _T af.i.�N•.TR (Date) (Signaturc) G1hRBT V ALL�►N (Dste) --- - --��..--- v � ACKNOWL�DGMENT• �1 STATE OF...NBBR�►SKA COUrPI'y OF........HALL �ss. .............................................. ftCSV��t............r.g.�7.. � ��tid�.�� b�"�tl�f,"��"��d'�?►�'�4`I�S��f`�s�i'bt��•W B x day of............................................................... - vy..................................................................................... .. ................................................._........................................ . ; My commission expires: � i � Seal ... .... . . . �Nocnry Wblic) .. ................................. � �, GENERAI NOiART•Sble ot N��nst� � ' IUTHLEIN A.SCHUICHTER MY Comm.Exp.M��r 2I,2000 .� O�iW BaNws SyrNm�,Ine..St doud.MN(t d00,'!B7•2341)Fortn AE�DT�tdE d6B1 (pA(�A 4 Of 4�