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200214422 13. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. C.Tmstor shall immediately notify Beneficiary if arcleave or threatened release of a Hazardous Substance occurs on, under or about the Property or there is a violation of any Environmental Law concerning the Properly. In such an event, Tmstor shall take all necessary remedial action in accordance with any Environmental Law. D. Tmstor shall immediately notify Beneficiary in writing as soon as Trostor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Envio mental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement,'1'rustor will 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 are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor dues so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Tmstor or any party indebted under the obligation. These rights may include, but are not limited to, any anti- deficiency or one - action laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficiary. 14. SEVERABILPPY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oml 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 implicitly permits the variations by written agmement. 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 ofthe section ofthis Security Instrument arc for convenience only and arc nut to be used interpret or define the terms of Nis Security Instrument, Time is of the essence in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any 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. 16. NOTICE. Unless otherwise required by law, any notice shall be given be delivering it or by mailing it by first class nail to the appropriate party's address on page I ofthis Security Instrument, or many other address designated in writing. Notice to one Iruslor will be deemed to be notice to all trusters. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt includes a revolving line ofcrcdit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. 19. APPLICABLE LAW. This Security Instmmcnt is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws ofthejonsdiction where 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 ofthis Security Instrument. (check all applicable boxes) 2 Assignment of Leases and Bents ^- Other. 21. _ 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. Ex,n,— 191994 Bankers Systems, Inc., Se Clcud, MN I. IISBOCP -DT -NE 9/5/2001 (page 5 of 6)