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200302893 Application if 0121635650 Unless otherwise agreed in writing, all insurance n reeds shall be applied to the restoration or repair of the Property or to the Secured 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 m the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any 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, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will rovide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Tprustor agrees to sign, deliver, and file any additional documctx, or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Griner s obligations under this Security Instrument and Beneficiary's lien slams on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. if Truster signs this Security Instrument but does rat sign an evidence of debt, Trustor does so only to mortgage Tmstor's interest in the Property to secure payment of the Secured Debt and Tmstor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited a, any anti -deficiency or one -action laws. Truster agrees tlat Beneficiary and any party to this Security Instrument may extend, modify or make my change in the terms of this Security Instrument or any evidence of debt without Tmstor's consent. Such a change will not release Truster from the terns of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Toaster and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise requued by the laws of the jurisdiction where the Property 1s located. This Security havunent 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 to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument carrot be enforced accordin g 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 to time remove Trustee and appoint a successor trustee without an other formality than 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 first class mail to the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trustors. 26. WAIVERS. Except to 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 Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a sumo balance, Nis Security Instrument will remain in effect until released. 0 Construction Loan. Phis Security Instrument secures an obligation incurred for the Construction of an improvement on the Property. Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Granter 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 he 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] = Condominium Rider 0 Planned Unit Development Rider 0 Other E] Additional Terms. SIGNATURES: By signing below, Truster agrees to the terms and covenants contained in this Security Instrument and in any attachments. Tmstor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 3 a- (SiBnaare) (Dace) (Slgnamre) .................. ................. (Dale) CINDY A ILA ACKNOWLEDGMENT: ( STATE OF f��'�'j�l Q JJLAI , COUNTY OF 1{(�ll) p { /- _,....... }as. 8 is �___. day of ..,,1, �(AV Y' 2dfi0 This instrument was acknowledged before me Nis by CINDY J AVII,A ...... ....... My connmssion expires. �} GF.NIRA[ OtAW tatI BI NEbrasla s n 0 CAT R INAM. SIIUDp M p tConn_Ex ug 16,2603" (N.e Path,) O 1884 BNkSM $y Wm6. IrY. St LIOUE, MN (I 000 - 397 -4Y1) Farm RE OT NE 1n W97 (page 4 of 4) - C165(NE) (Ears)