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200305442 D. Trustor shall immediately notify Beneficiary in Winn as soon as Truster has reason to believe there is any pending or threatened mvestiga6m, claim, nr proceeding reatmL to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not he required to pay to Beneficiary hands for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are fourt and individual. If Truslor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to morteaee Toaster's interest in the Pro petty to secure payment of the Secured Debt and Tmshtr due, not agree to he personahy liable on the Secured Debt. If this Seeunty Instrument secures a guaranty between Beneficiary and Truster, Trustor agreel to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustful or any party indebted under the obligation. These rights may include, but are not limited hi, any anti- deficiew or on u e -act r laws. The duties and benefits of this Security Instmment shall bind and benefit the successors and assigns i Truster and Beneficiary. 14. SRVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or all by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflio with applicable law will not be effective, unless that law expressly or on phedly permits the variations by written aprcemenl. If any section el' this Security Instrument cannot he enforced according to its terms, that section will he severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular .hall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument arc Ill, vie convenience only and are not to he used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument, 15. SUCCESSOR TRUSTEE. Benetwiay, at Benaficiary's option, may from time to time remove Trustee anti appoint a successor trustee without any other titrmalip than the des ination in writing. The successor trustee, without conveyance of the Property, shall suceeed to all the title. lx wer and duties conferred upon Trustee by this Security Instrument and applicable law. 16. NOTICE. Unless otherwise required by law, an) notice shall be Liven by delivering it or by mailing it by first class mail to the appropriate party', address en page I of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to he notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Tmslor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE. OF CREDIT. The Secured Debt includes a r,,ok nv line of cmtlit. Although the Secured Debt may be reduced to a Zero balance, this Security Instnament will remain In ettect nntll released. 19. APPLICABLE LAW. This Security Instrument is gnverncd by the laws as agreed m in the Sutured Debt, except to the extent required by the laws of the jurisdiction "here the Property is located, and applicable federal laws and regulations, 20. 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] ClAssignment of leases and Rents fl Other .... .................... - ....... ..... ......... ... ............ ...-............................................................. 21. Ll CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incurred for the construction of an improvement on the Property. 22. ❑ ADDITIONAL TERMS. SIGNATURES: By signing below, 'Forster agrees to the terms and covenants contained in this Security Instmment and in any attachments. Tri stor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 7 ..- . ................._......... - 3 a7 -U3 .................. ............................... ........... ................ IS, gvmnml . mulct (Signmuml THOMAS J TIMMERMAN ACKNOWLEDGMENT: A�/__ LL /' STATE OF ._We.16. �4s&... ._ ................. COUNT` My commission expires: -GENERAL NOTARY -StetsNnlxasla ELAINE L. STEINBECK RY Comm. Erp. 6162005 "I'll o-Ils a Symemo, Inc., Sr. Clnuq MN Fmm lIDP nFro el Ill I'll (Do.) d/� } sx. day Ot .......... .... .A.f. .........1 - -I . p l.............. (Nmap tpage 4 of 4) IlntlivlJUell e e -- (Do.) d/� } sx. day Ot .......... .... .A.f. .........1 - -I . p l.............. (Nmap tpage 4 of 4)