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<br />200408966
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<br />;t;i i; (' P!,' I'
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<br />20.
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<br />Unless otherwise agreed in writing, al\ 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 proc~s to principal. shall n9t
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess Wlll be paid
<br />to the Grantor. I f the Property is acquired by Beneficiary, Trustor's right to any insurance policies and pr.oceeds resulting
<br />from damage to tile Property before the acquisition shcll pass to Bcneficiarv to the extent of the Secured Debt immediately
<br />before the acquisition. - ,
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<br />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.
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<br />FINANCIAL REPORTS A.l"iD ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />fina;1cial statement or information Beneficiary may deem reasonably necessary. Trustor ~.grees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfed, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary's lien statns on the Property.
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<br />JOINT AND INDIVIDUAL LIABILlTYi CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and indiVidual. If Trustor signs this Security In!-:trument but does not sign an evidence of
<br />debt, Trustoi. does so only to mortgage Trustor' s inteff~ in the Property to secure payment of the Secured Debt and Trustor
<br />does not agree to be personally liable on the Ser:ured Debt. If tn\., Security Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent BeIieficiary from bringing any action or claim
<br />against Trllstor or any party indebted under the obligation. These right~ may include, but are not iimitcd to, any
<br />anti-deficiency or one-action la...;s. Trustor agrees that Beneficiary and any party to this Security Instrument may exter.cL
<br />modi fy or make any change in the terms of this Security Instrument or 3ilY eVidence of debt without Trustor's consent.
<br />Such a change wil] not release Tru>>tor from the terms of this Security Imtrument. The duties and benefits of this Security
<br />Instrument snail bind and benefit the successors and assigns of Trustor and Beneficial.
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<br />APPLICABLE LAW: SEVERABILITY' INTERPRETATION. This Security Instrume:lt is governed by the laws of the
<br />jurisdiction in Wilich Beneficiary is located, except to the extent otherwise required by the Jaws of the jurisdiction where the
<br />Property is located. This Security Instn:ment IS complete ar.d fully integrated. This Security Instrument may not be
<br />amended or modified by or,!.! 2.greement. Any section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Deht that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by \\Titten agreement. If any section of this Se("urity Instrument cannot be enforced according to its terms, that
<br />s,:ction will be severed and will not a(fect the enforceabiJ,ity of the remainder of this Security Instrument. Whenever used,
<br />the singular shall include the plural and the plural the :<ingular. The captions and headings of the sections of this Security
<br />Instrument arc for convenience only and are not to be tlsed to interpret or define the terms of this Security Instrument. Time
<br />is orthe essence in this Security Instrument.
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<br />SUCCESSOR TRlJSTEE. Beneficiary. at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other fcrmality thml the designation in \'{fiting. The successor trustee, without conveyance of
<br />the Property, shall sllcceed to all the title, power and duties conferred upon Trustee by this Security Instt'lrnent a;ld
<br />applicable law.
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<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to
<br />the appropriate party's address on pag~ ] of this Security Instrument, or to any other address designated in writing. Notice
<br />to one trust 01 wIll be deemed to be notice to all tr~lstors,
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<br />21.
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<br />22.
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<br />23.
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<br />24.
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<br />26. W AIVER.5. Except to the extent prohibited by law, Trustor waJves all appraisement and homestead exemption rights
<br />relating to the Property,
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<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
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<br />D Line of Credit. The Secured Debt incliJdes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zero balance, this Security Instrument will remain in efrect until released.
<br />D Con~tructio~ Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />[::J Fixture filing. Trustor grants to Beneficiary a security interest in all goods that Gra'ltor owns now or in the future
<br />and that are or will become fixtures rel?ted to the Property. This Security Instrument suffices ft'l a financing
<br />statement and any carbon, !",wgraphic or other reproduction may be filed of record for purposes of Article 9 of
<br />the Uniform Commercial CO';;,
<br />D Riders. The covenants and agreemenls of each of the riders checked below are incorporated into and supplement
<br />and am':nd the terms of this Security Instrument. [Check all applicable boxes]
<br />o Condominium Rider D Planned Unit Development Rider D Other ..-....-.-.__....-........,.......................-..,.
<br />o Additional Terms.
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<br />SIGNATURES: BY~'ignin" below. Trustor agrec~; to the terms and covenants cont;1ined in this- Security Instrument and in any
<br />atta~~ TrLlst~~o ~ledgeS receipt of a copy of this Secll(i~ Instr~lrT1::n' on the date slated on rage] .
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<br />0fJf11~--C ;. . .--. .~~...Sep.Oj'.2004.. .. if!!:~~~,ej#:4ll:4.'!:.,,-!... Sop,07'.2004
<br />._-i:'lq,"R!lJr~) LrOY E J \ ynson (0810) (,,'gna'ure) .Judith C Johnson (Dale)
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<br />..,SoP 07.2.004...........
<br />(Oato)
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<br />.... .".".."... ". ..,... .,"'""...--" --, __. "",...." ...SQP.07. 2004....
<br />(Signature) (Dal...)
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<br />ISi9""ture)
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<br />~~d~V~~J:~~~~~~~~~T.~.__~~JJ1~___._______._. cOuNT~F__l-!a.Qt___._.::-,.__l--___~___..__~____}ss.
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<br />Tr1is instr\lr>1ent was 8ct!"lowledged before me ttlls_c.-_ ::----~. 7....~d~:~24::?z'.<..:.~t~___:=-dD.Ot-_._.-..-
<br />by t.rJ'.b!-:s-k._.'..JJ~Lh.U..;0_".:1-.-,L-, lLL-<1Li S:::-~~.c.." .- ~-.--. .--"1. tJ- .. 1---n-----..-.-n--. "--
<br />My co,-nmiss:on expire::;: V~ 1 I.' (; . \..;~1/1..1
<br />"'.'" .GENE'iAL NOTARY. State or Ne!lrolSl;a . ............. ..(:;(:>JI.1/.., .... Ii-.Lk> ., ~i1/c--"--:,, ".. __. n
<br />~. ,J~ l.JIRRYtil~ELMl J otary Public)
<br />,,~,'C My Comm. t.I;J. Few, 6, 20013
<br />Ex(i-:,?tl:: 8 199< ~I.o,,,, Oi.I."", ICe S' CIO'i,.I, MN '0'''' rtS,[)T.N[ 113Ci<002 ~ (page 4 of 4)
<br />(~.C165{NE) (0301)
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