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�9_ 1035�_4 � r�
<br /> Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br /> the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br /> extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br /> to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and roceeds resulting
<br /> from damage to the Property before the acquisition sha11 pass to Beneficiary to the extent ofthe Secured�ebt immediately
<br /> before the acquisition.
<br /> 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br /> required to pay to Beneficiary funds for taxes and insurance in escrow. -
<br /> 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor �Vill provide to Beneficiary upon request, any
<br /> financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any
<br /> additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br /> obligations under this Security Instrument and Beneficiary's lien status on the Property.
<br /> 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br /> this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br /> debt, Trustor does so only to mortgage Trustor's interest in the Pro erty to secure payment of the Secured Debt an�
<br /> Tnistor does not agree to be ersonall liable on preven ene iciary from bringing any action or claim
<br /> s rustor or any party in ebted under the ob igation. These rights may include, but are not hmited to, any
<br /> anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend,
<br /> modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent.
<br /> Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security
<br /> Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial.
<br /> 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br /> jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where
<br /> the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be
<br /> amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br /> the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br /> variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that
<br /> section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used,
<br /> the singular sha11 include the plu�al and_the plural the singulaz. The captions and headin�s of the sections of this Security
<br /> Instrumer.t aze for convenience o:ily and are not to be used-ta interpret or define t�ie ternis `of'this Security Instrument.
<br /> Time is of the essence in this Security Instrument.
<br /> 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br /> successor trustee without any other formality than the designation m writmg. The successor trustee, without conveyance of
<br /> the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br /> applicable law.
<br /> 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br /> to the appropriate partx's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br /> Notice to one trustor will be deemed to be notice to all trustors.
<br /> 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemntion rights
<br /> relati�to t��c Prop�.ty. --
<br /> 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br /> � Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be
<br /> reduced to a zero balance, this Security Instrument will remain in effect until released.
<br /> � Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br /> on the Property.
<br /> � Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br /> and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing
<br /> statement and any cazbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the
<br /> Uniform Commercial Code.
<br /> � Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br /> amend the terms of this Security Instrument. [Check all applicable boxes]
<br /> ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ..................................................
<br /> � Additional Terms.
<br /> SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument an� in any
<br /> attachments. Trustor also acknowledg�s rec•�ipt g��_�opy of Ihis S.ec�rit,-Instrument-on t1�e d;�te-scai�d on gage 1.-
<br /> . �
<br /> �. ...................03�29/99
<br /> - ............................D3/29/.99. . ..... ,
<br /> ..� ............�. .
<br /> .. .. ............................. (Date) �nature) (Date)
<br /> ig re)
<br /> JEANIE M HARRIS DANP, S HARRIS
<br /> ACKNOWLEDGME � ..,,.,,,, COUNTY OF �'�' ss.
<br /> STATE OF�"��KP' ............. ............. ......�. .....,..... .. ......
<br /> .....................
<br /> ...
<br /> . ... .}
<br /> Qndividual) This mstrument was acknowled ed before me this : � •g•�•��""""""'
<br /> • g .................... dayof... . ... ... .�...
<br /> b JEANIE M HARRIS DAl�, S HARRIS .......................... .
<br /> y ............................................i
<br /> ....................... .............................
<br /> My commission expires: �"�U,�- �� �Q�j�( (/^//�/
<br /> y�i-..� ................ .... ...7..�.. . ............................
<br /> (Notary Pu c)
<br /> p1994 Bankers Systems,Inc.,St.Cloud,MN (1-800-397-2341) form RE-DT-NE 10/27/97 ��� GENERAI NOTARY•State �N f '�a fpage 4 of 41
<br /> TERESA M.C
<br /> My Comm.Exp.A .1 ,1 99
<br />
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