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202001117 When Trustor has paid all of the sums secured, Beneficiary will promptly refund to Trustor any Funds that are then being held by Beneficiary. 13. Joint and Individual Liability; Co -Signers; Successors and Assigns Bound. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti -deficiency or one -action laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 14. Severability; Interpretation. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 15. Successor Trustee. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 16. Notice. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address in this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be mailed to each party at the address for such party set forth in this Security Instrument. 17. Waivers. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 18. Line of Credit. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. 19. Applicable Law. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. 20. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] ❑ Assignment of Leases and Rents ® Other: Not Applicable 21. D Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 22. D Additional Terms. Signatures By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated in this Security Instrument. Trustor illtejjirl MICHELLE D NELSON Date Deed Of Trust Open End -NE Bankers Systems''" VMP® Wolters Kluwer Financial Services ® 2014 10/2017 2020012917.1.0.4574-J20171018Y Page 7 of 8 11 1 IlIllllflh]1113 1 11 li 11