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200304744 B. Except as previously disc lesed and acknowledged in wining to Beneficiary, Truster and every tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. C. Trustor shall immediately notify Beneficiary if a release or threatened release ofa Hazardous Substance occurs on, under or aboat the Property or there is a violation of any Environmental law concerning the Properly. In such an event, Trustor shall take all necessary remedial action in accordance with any Environmental Law. D,Trustot shell immediately notify Beneficiary in writing us Sean as Trustor has reason to believe there is any pending or Ihremened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any I.Onanmcntal Low. 12. ESCROW FOR 'TAXES AND INSURANCE. Unless otherwise provided in a separate agrearnenl, Masten XV111 not be required 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 ¢rejoin[ and individual, if'Itustor signs this Security Instrument but does not sign an evidence oFdcbt, Trustor does so only to mortgage Toaster's interest in the Properly to secure payment of the Secured Debt and Tra,tor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty bctwccn Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or only party indebted under the obligation. These rights may include, but are not limited lo, any anti -deficiency or one- action laws. 'fhe dufice and benefits of this Security Instrument shall bind and benefit the suwessud and assigns of Trustor and Bencticlary- 14. SEVERABILI'I'Y; INTERPRETATION. This Security Instrument is complete and fully imegrated. This Security Iustrument may not be amended or modified by oral agreement. Any section in this Security InstrrmerL attachments, or any ugrcemcnt related to the Secured Debt that Con Flice with applicable law will nut be effective, unless that law expressly or imphedly permits the variations by written agreement Ifany swoon ofthis Security Ins'trumcnt cannel be enforced eccordlvg to its terms, thaT section will be severed and will net affect the card' veobility of the remainder of this Security lnstmulart, Whenever used, the singular ehvll include the plural and the plural the singular. The captions and headings at the section of this Security Instrument are for Convenience only and are not to be used mtcrprct ordefine the terms OffluS Security Instrument- 'Time is of the cs'eclue in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's opt ion, may from time to time oenteve Trustee and appoint it successor trustee without any formality than the designation in writing- The successor trustee, without con vcyance of the Proper), shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable low. 10. NOTICE, Unless otherwise required bylaw, any notice shall be given be delivering it ce by mailing it by first class moil to the appropriate putty's address on page I of this Security Instrument, or to any other address designated in witting- Notice to run Trustor will be decmcd to be notice to all tumors. 17. WAIVERS. Except to the extent prohibited by law, Tnlstor waives all appraisement and homestead excmpurn rights relating to the Properly. 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit Although the Secured Debt may be reduced to a zao baltencc, this Security Instrument will remain in effect until released. 19. APPLICABLE LAW. 'Phis Security Instrument is governed by the laws as agreed to in the Secured Debt, a ccpt to the e.eteut required by the Taws of the jurisdiction where the Property is localed, and applicable federm laws and regulations. 20. RIDERS. The coveralls and agreements of each of the riders checked below are incorporated Into and supplement and amend the terms of this Security Instrument. (check all app cable boxes) 2 Assignment of Leases and Rents ^- Other. 21. - CONSTRUCTION LOAN. This Security Instrument is a construction security interest which avenues an obligation incurred for the construction often improvcul on the Property. 22. 1 ADDITIONALTERNIS. Lxpete`"' X01994 bunkers Systams, Inc -, St Cload, MN Form U580CP- IYI' -NE 9 /5/2001 1 pug, a of o)