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200300679 Application # 0121529929 Unless otherwise agreed in writing, all insurance rmeeds shall be applied m the restoration or repair of the Property or to the Seemed Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right man insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary m the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Tmsmr will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees in sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Gra mr's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; COSIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Truster signs this Security Instrument but does not sign an evidence of debt, Truster does so only m mortgage Trusmr's interest nt the Proppeerty [o secure payment of the Seemed Deb[ and Tmsmr does not agree to be pemonally liable on the Secured Debt. If Ihie Secun Instrument secu[ea a guaranty between Bencficiazy and Truster, Tmsmr agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trus[or or any party indebted under the obligation. These rights may include, but are no[ limited m, any anti - deficiency or one - action I Truster agrees that Beneficiary and any parry to this Security Instrument may extend, modify or make any change m the [errs of this Security Irelnunem or any evidence of debt without Trusmr's consent Such a change will not release Truster from the tetras of this Secmity Instrument. The duties and benefits of this Security Iretmmem shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Insimment is governed by the laws of the Jurisdiction in which Beneficiary is located, except m the extent otherwise re fired by the laws of the jurisdiction where the Property is located. 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 m the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or implicitly 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. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time in time remove Trustee and appoint a successor trustee without any an other formality th 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. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by fast class mail to the appropriate party's address on page 1 of this Security Instrument, or many other address designated in writing. Notice to one trustor will be deemed in be notice to all fracture. 26. WAIVERS. Except in the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: Line of Cl The Secured Debt includes a revolving line of credit provision. Although the Seemed Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. Q Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Q Fixture Filing. Tmstor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. 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] 0 Condominium Rider 0 Planned Unit Development Rider = Other .......... ............................... Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Tmsmr also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 1 (Signature) COOPER L OT.. .. (Date) 0100111,10 ACKNOWLEDGMENT: ) )ab _l STATE OF O'b1fR CA'A( __ . , COUNTY OF ...11 �i�� _ 1 )as. This instrument was acknowledged before me this day of � x(,(10%. {/ by COOPER L Dl TV 1 My commission expir.. .... %� .. ... . _ .... � GENERAL NOTARY-State TRINAM. al M[DA /(� .. ((r ....,..,, CATRINA M. SHUDA 1�d — My Comm. Ezp. Aug. 10, 21103 (Nola, roar ) (J 19N Banks¢ Systems, loo. St Cloud, MN 1 800- 39723,11) Fonn RE-DT NE uoa7N7 (page 4 of 4) - C1fi5(NE) tal