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200409686 090 V, 1)f1)0, "' <br />D. Trustor shall immediately notify Beneficiary in writing as soon s, Trustor has reason to believe there is any <br />pending or threatened investigation, claim, or proceedin g relating to the release or threatened release of any <br />Hazardous Substance or the violation of any Environment Law. <br />12. ESCROW FFORoTAXESiANDfi INS for ANC and insurance less otherwise ise provided in a separate agreement, Trustor will not be <br />13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties <br />under this Security Imtrummit are joint and individual. If Trustor signs this Security Instrument but does not sign an <br />evidence of debt, Trustor does so ord to mortgage Trustoi s interest to the Property to secure payment of the Secured <br />Debt and Trustor does not agree to a personally liable on the Secured Debt. If this Security Instrument secures a <br />guaranty between Beneficiary and Trustor, Trustor agrees to waive say rights that may prevent Beneficiary from <br />bringing any action or claim against Trustor or any pany indebted under the obligation. These rights may include, but <br />are not hmitd to, any anti - deficiency or one - action laws. The duties and benefits of this Security Inswment shall bind <br />and benefit the successors and assigns of Trustor and Beneficiary. <br />14 SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security <br />Instrument may not be amended or modified by oral agreement. Any section to this Security Instrument, attachments, <br />or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law <br />e ressly or implidly pemms the variations by written agreement. f any section of this Security Imtttunent cannot be <br />en otced according to its teens, that section will be severed aM will not affect the enforceability of the remainder of <br />this Security Imwment. Whenever used, the singular shall include the plural and the plural the singular. The captious <br />and headings of the sections of this Security Instrlttnent are for convenience oNy and are not to be used to interpret or <br />define the terms of this Security lastruumnt. Time is of the essence m this Security Instrument. <br />15. SUCCESSOR TRUSTEE. Beneficiary at Beneficiary's option, may from time to time remove Trustee and appoint a <br />successor trustee without any mr <br />other foality, than the designation in writing The successor trustee, without <br />conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security <br />Instrument and applicable law. <br />16. NOTICE. Unless otherwise required by law, any notice shall he given by delivering it or by mailing it by first class <br />mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in <br />writing. Notice to one castor will be deemed to be notice to all trustors. <br />17, WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemnt and homestead exemption rights <br />relating to the Property. <br />15. LINE OF CREDIT. ��ec d[s a rr oa or (though the Secured Debt my be reduced <br />to tmment will nn effect released. <br />19. APPLICABLE LAW. th rsS Instrument governed y as located, carsp <br />the ext ntrequired by laws Security where the Property and the <br />pplicablee federal laws <br />regulations. <br />20. 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. <br />[Check all applicable boxes] <br />0 Assignment of Leases and Rents ED Other __ ------------ ..---------- ..---------------------- <br />21. = CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an <br />obligation incurred for the construction of an improvement on the Property. <br />22. LJ ADDITIONAL TERMS. <br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in <br />any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. <br />n 9iC5 -D/ <br />Al ?. <br />- -- - 4 Ft�FIa� (Ddu) <br />(Sig eturc)RAYE I DOANE l (0ale) (Signe�uro7 J DOANE <br />ACKNOWLEDGMENT: <br />STATE OF _. Y1�____________ ______ COUNTY OF <br />This instrument was ackn wldged before me this _ _ _ day of - - M s--- _ D WIFE. <br />K DSBRND --- WIFE. <br />QQ <br />by p,_ UOcaryZ__OI�Z1y -- _CL.0 -.- _ _.�._ ___________ ______ <br />My commi on expires: <br />GE'ligo_ NaTAR'i40d Nebmka (Notary Public) <br />I:. ^-A R, MAYER <br />019960enke,e dyeleme.Inw. St. LInW, MN Gorm OCM1PfOT NE II13H9 (pe9e4 of 41 <br />®- C465(NE) 13M) N <br />® GENEW011TAr" ^`NeUNdl <br />1 v <br />MYr _.=701 <br />