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200303704 B.Except as previously disclosed and acknowledged in writing to Beneficiary, Trusror and every tenant have been. are, and shall remain in full compliance with any applicable Environmental Law. G Truster shall immediately notify Beneficiary if er release or threatened Meuse of a Hazardous Substance occurs on, under or noun( the Property or there is a violation of any Environmental Law concerning the Property. In such an event, Truster shall take all necessary remedial action in accordance with any Environmental Law. D.Trustor shall immediately notify Beneficiary in writing as seen as Tinder has reason to believe (here is any pending or thrcaened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental L.aw. 12, ESCROW FOR TAXES AND INSURANCE. Jules, otherwise provided in a separate agreement, Trustur will not be raluired to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. ICTmstor signs this Security Instrument but does not sign on evidence of debt, Trust, does so only to mortgage'I'rustor's interest in the Property to secure payment ofthe Secured Debt and Truster does not agree to be personally liable on the Secured Debt. If this Sea Uri ty Instrument secures a guaranty between Beneficiary and Trustoq Trustuf agmcs to waive any rights [hat may prevent �eneficiary from bringing any action or claim ageinst'I'ruster or any party indebted under the obligation. These rights may include, but arc not limited m, any anti - deficiency or ono-action laws- The duties and benefits of Ihls Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficiary. 13. SEVERABILITY; INTERPRE'1'A'I ION. This Security Instrument is complete and fully integrated. This Seewily Instrumcnt may not be amended or motif ed by oral agreement Any section in this Seem fly Instrument, arrachments, 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 Instrumenl cannot be enforced according to its terms, that section will be severed and will not affect the enforceability ofthe remainder ofthis Security lnslrumenL Whenever used, the singular shall include the plural and the plural the singular. The captions and headings ofthe section of this Security Instrument are for convenience only and are not be used interpret or define the terms of this Security Instrument Timcisuf(heessenceinthis Security Instrument, 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary - aoption, muy from time to time remove Trustee and appoint a successor trustee without any formality than the designation in writing. The successor trustee, without conveyance ofthe Property, shut1 succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicuble law. 16. NOTICE. Unless otherwise required by law, any notice shall be given be 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 uny other address designated in writing Notice to one trustor will be deemed to be notice to all trusters - 17. WAIVERS. Except to the extent prohibited by low, Trusror waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt iodates a revolving line ofcredit. Although the Secured Debt may be reduced to a Tern balance, this Security Instrument will remain in effect until released. 19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws of lhejurisdiction where the property is located, and applicable federal Imes and regulations. 28. RIDERS. The covenants and agreements of each ofthe riders checked below are incorporated info and supplement and amend the terms ofthis Security Instrumenl. (cheek nil spareable baxm I 2 Assignment of Leases and Rents -- Other. 21. - CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures in obligation incurred for the ennstruction of an improvement on the Property. 22. } ADDITIONAL TERMS. Gxpeic' "' ©1994 Dnnkers Syslemv, Inc, SI Claud, MN Fnvn IISDOCP -DT -NE 9 /5/2001 LPaer S aFO