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<br /> Uniess utherwise agreed in writing,ai1 i�urutce procxeds shall be appli�ed to the restorztion�r r�air of>he Property or to
<br /> ihe Secared Debt, whether or not then due, at Beneficiary's opiion. Any agplication of proc�ds to principal shall not
<br /> extend or pustpone the due date of the scheduled payment nor change the amauat of any payment. An}°exrxss wilt begu d
<br /> to the Gra�,tor. If the Property is acquired by Benei ifciary, Tivstor's nght to any insurancepo licies and pcoceeds resulting
<br /> from damage to the Prope_rty before the acquisiuon shall pass to Benef�tiary to�he tztent of the Se.�+lred Debt im�n•diately
<br /> before the acquisition.
<br /> 20. �S�ROW �'�OIt Tr1XES AND L'�ISURANCE. Ui�less otherwise gmvided in a separat., agreea�eat, Trusto* will not be
<br /> required to pay to Benefir,iary funds for taxes and'uisurance in rscrow• ;
<br /> 21. FINANCIAL TtEPORTS AND AD�I'TIONAL YI�OCiJME�ITS. Trustor will provide to B�efiCiary upon request, any
<br /> financial statemeat or inforcnatioa Beneficiary�ay��eem reasonably n+ecessary.Trustor agrees to sign,deliver. and file an�
<br /> additioual documents ar certificati�ns taaz Beneficuiry.ma�consider necessary to perfxt, continu�,an�preserve Grantor s
<br /> obliga:ions uuder this S�c,-urity Instrument aud Bene[ic�ary s Iien status on the F'roperty.
<br /> 22. J(�IId'I' Aivi3 INDIVIDUAI� LIABII.TTY; CO�SI:GNERS; �[JC�ESSORS AND ASS`IGNS BnUND. A11 dutics ucxSer
<br /> dlis Secu*ity Instrum�nt are joint and individual. If Trustar signs this Security Instntment but does no�sign an evidrnce of
<br /> �.ebt, Trustor does so only to mortgage Tnistor's interes: ir. the �'rop�rty to secur payme,�t of tl:P Sec►ire3 Debt and
<br /> Trustor does not a�ree to be personally hable on t��ceirerf Debt. If this Security Iustrume.nc secures a guaranty bet;�'een
<br /> Beneficiary and Trustor,Trustr�r agrees tQ waive any ri�.ts that;nay prevent�c2��cfary from brin�ing any actinn��oK claim
<br /> against Tzustor c�r any party ind�bt�d w�der the obIigadon. 'ihese rights tnay include, but at�e not IimitrJ to. a�Y
<br /> anii-defici�ncy or one-acti6A laws. Trustar agrees that�ieueficiary and any partY to th�s Stti.-urit�;l�itutnent tnay e�tend,'�,
<br /> me�ify or make any �hange in the temis of this S'�ecurity Instrument or any ev�dcncc of�ebt witl�a�at.Trustor's consent.
<br /> Such a change wil! not releas�Trustor from the tttms of this�ecnrity In.s�ument. ':T�e dut�es and bene�ts of this Security
<br /> Ins!rument shaii bind and benefit the successors andl asaigns of Trustnr and Re.�eficial.
<br /> 23. AYPLICABLE LAW; SEYERABILITI';INTERPRE'x'A�TIOi�7•'I1iis Security Instrument is gcrverned by the Ixws of t,�^
<br /> ;urisdiction in which Beneficiary is located, ezcepr,.o the eztent otherwisP reqwrad by the laws of the junsdiction where
<br /> the Property is located. This Security Instrument ►s wn lete az�d fulIy integrated. 'R�is Security Instrument may not be
<br /> amended or modified by oral agreement. Any st�ti�on in�is�ecurity Instrumen', BIteChllteAL�, ar any,agreerszent relatcd to
<br /> the 5ecured L�ebt that conflicts with applicabJe la�t'wi11 not be ef.fecuve,unless that law expmssly er�znpliedl�+permits thc
<br /> variaticst�., by written agre¢:ment. If anv section of this Se:.•urity 9ns�rument cattnot bt ettfox�ed according ro it� temu, tt�at
<br /> section wili be sev�rcei an�` will not affcxt the enfe�ceability of the remaindPr of this Securitp Irctr�ment. Whenever used,
<br /> the singular sha!1 :n�clude the plural and the plural the singular. 'The capdons anci headings of the �ectio�.s of tnis Security
<br /> Instrument are for convenience on3y aad are nat to t� usai to inteipret or defint the terms of tbis Security Insintment.
<br /> Time is of Ebe essence in this Security Instrument.
<br /> 24. SLCCE.SSOR TRUSTEE. Senef:ciary, at Beneficiar� s option, ir�y fr�m time to time remove Trustee and appuint a
<br /> successor trrsstee withoui any oth�r form.aliiy than the designatton�n wntmg.Tht successor trustee, without conveyance of
<br /> Lhe Property, shall succsed t� ail the tiii�, pQwer an�l duties conferred upon Trustee by Lhis Security Instrument and
<br /> applicable law.
<br /> 25. NOT"tCE. Uniess ottaerwise required by iaw, any motice shati be giver.by deliverir.g it or by mailing 'st by first class mail
<br /> to the appropriat� party's address on page 1 of tYiis Secuxity Instrume:�t, or tc� any other address designated in writing.
<br /> IVotice to one tnutor wili be deemed to he notice ta al;trustors.
<br /> 26. WAIVERS. Except to the extent prohibited by law, True4or waives ali apprais�ment and homeste.ld exrmption rights
<br /> relatin�to the Property.
<br /> 27. O`CIIi�R TERMS. If checke.d, the foll�wing are a��glicable to this Secarity Insinement:
<br /> ❑ Line of Credit. `The Secured l�ebt includes a revoi�ing lir.e of credit rirovision. Althoug.h the Secured Debt may be
<br /> rednced to a zero balance, this�u*ity instrumer�t wili remain in eff�ct unti!released.
<br /> i i CottstrucEior�I.oan.This Security Instrume;n±sec:ures an obligation incurred for the constructicsa of an improverru�nt
<br /> on 4ne Pro�erty.
<br /> ❑ �'i��ture Filing.�Trustor grants to Beneficiary a s�xuriiy ir_;erest in afl goods that Grantor owns now or in thc futurc
<br /> and that are or wilf becom� fixtures related tc� the Property. This Security Ynstrvment suffices as a �nanc�ng
<br /> sta¢emen!and any carbon,photograph;c or ether�raduction may be filed of recard for purposes of Areicle 9 of the
<br /> UnifArm Commercial Code. k
<br /> ❑ Rirlers.The covenants and agreem,.°nts of emch of the riders checked beluw are incc�*porx:ed i�to a��d supt�lement an.'',
<br /> ac�end the terms of this�curity instrument. (Check aIl applicable bozes]
<br /> ❑ C�ndominiurn Rider ❑ Pianned Unit laeveRopment�tide; ❑ Uther ..................................................
<br /> �Additional'I'erns�.If � ins�allrc�r�t paYmeizt is raot paid L-y the d�.u� �te, the h�nk
<br /> m�y craarge an interes rate eq�.aa7. to �.Y� post r�tuzzty r��e an the au�star�ing
<br /> loan balance until the loan is iri a curnent sta�.us.
<br /> SIGNATLiR�,S: By signing betow, Trustor agrees to the tezcns and covenants coatained in this�ecurity instrument and in any
<br /> attachments. Trustor also acknowledges receipt of a copy of this Security Instrument an the date stat�rl on page 1.
<br /> � .... ...�'��. X. :....... .. .��.��.'.�'.�a/.� ...._.�-�r-���'
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<br /> ... . . .... ... . ..... .. . . .... .. ...►.:.. .. .
<br /> (Signamr R. L�]Y (D:te) � (Sigmmrc)P K. D�S�7�R?LNY . (Damj
<br /> ACKNOWLEDGMENT: � '
<br /> �
<br /> S'I'A'I'E OF:�lel?�a�}�?.................................. COUN'I'Y OF �L......................::....................} ss.
<br /> o"fividia" This instru�ment was acknowlr.dgcd hefore me this ......1�......day of..........J�z1',..1y99...............
<br /> by JOSII'EI,1?t,.DC�BR?JOINY and P�+1!h�?��A..K:.pa��tJ�INXt....A.�.�..H�BAt�.AI`ID.VdlFE................ .
<br /> ..... ...........
<br /> My oommision expires: �� ,.-
<br /> ..............c.��.�.°,�'..�.r�.,.f''.�� ...�..................
<br /> Publiey
<br /> C 1944 BsMars Systema.Inc..St.Cbud.MN f1-800J97•23�1 t Form R!>DT-Hf aomA� �I��y�R������ IOaQe 4 0141
<br /> vae�rv�C�.qw�,n
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