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<br />200606253
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<br />D. Trustor shall it!l111ed~atel'y notify. Beneficiary in .writing ~s soon as Trustor has reason to believe ther,e is any pending
<br />or threatened tllvesttgatton, claull, or proceedmg relatmg to the release or threatened release of any Hazardous
<br />Suhstance or the violation of any Enviromnental Law.
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<br />12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
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<br />14.
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<br />13. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />deht, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Deht and
<br />Trustor does not agree to be personally liable on the Secured Deht. If this Security Instrument secures a guaranty between
<br />Be~eficiary and Trustor, Trusto~ agrees to waive any rig;hts. that may pre,,:ent Benefic~ry from bringing any .ac~ion or claim
<br />ag~tllst . ~rustor or any party tlldebted u,:\der the obfi~atton. . T~ese rlghts may lllclude, .but arc not -'muted to, any
<br />antt-deflciency or one-actton laws. The duttes and beneftts of thls Secumy Instrument shall bllld and benefIt the successors
<br />and assigns of Trustor and Beneficiary.
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<br />SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security
<br />Instrument may not he amended or modified by oral agreement. Any section in this Security Instrument, allachments, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not he efJective, unless that law expressly
<br />or itnp'liedly permits,' the variati?ns by' wriuen agreement: If any ~ection of ~his Se.c;rrity Instrumen~ can!lo~ b~ enforc,ed
<br />according to tts tenns, that sectLOn WIll be severed and wtll not aftect the enforceahlItty of the remalllder of thIS Secunty
<br />Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of
<br />the sections of this Security Instrument are for convenience only and are not to he used to interpret or define the tenns of
<br />this Security Instrument. Time is of the essence in this Security Instrument.
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<br />SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrwnent and
<br />applicahle law.
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<br />16. NOTICE. U nl.ess otherwise required by law, a~y ~otice sh~1l be given hy delivering it or by mailing i~ by first. class.l.nail
<br />to t~e appropnate pa~y's address on page ! of thts Secunty Instrument, or to any other address destgnated III wnttng.
<br />NotIce to one trustor wtll be deemed to be notIce to all trustors.
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<br />15.
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<br />17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
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<br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a
<br />zero balance, this Security I nstrwnent will remain in effect until rcleased.
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<br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the
<br />extent required by the laws of the junsdiction where the Property IS located, and applicable federal laws and regulations.
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<br />20. RIDERS. The covenants and agreements of each of the riders checked bclow are incorporated into and supplement and
<br />amend the tenns of this Security Instrument.
<br />[Check all applicable boxes]
<br />DlI Assigmllent of Leases and Rents 0 Other...........,........"..................,..........,.,...........,...........................
<br />21. 0 CONSTRUCTION LOAN. This Security Instrwnent is a construction security interest which secures an obligation
<br />incurred for the construction of an improvement on the Property.
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<br />22. 0 ADDITIONAL TERMS.
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<br />SIGNATURES: By signing below, Trustor agrees to the tenus and covenants contained in this Security Instrwnent and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrwnent on the date stated on page 1.
<br />R. l. Ja . orial S ices, Inc.
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<br />(Date)
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<br />(Signature)
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<br />(Date)
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<br />ACKNOW~~~~~~~~K~...................~, CO ~y pF ......
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<br />IndlVlcJu&) . . . ./. {p:l
<br />( ~~ll~. ~~~~t~~..~t~e:.<i~~~ ..~~~~.~~ .~I.l~. ~~.I.S...".,.,., ....... .'. .:..... '.~~:..~ .
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<br />My commission expires: ~
<br />. .\.,.
<br />8,. , GENERAl NOTARY - Slate 01 NiAalll., , ' .. . .. .. .. .. .. ..
<br />~...;'\...,. GLORIANN R. HODSOIt
<br />~P~". My Comm. Exp. Dec. 29. 20111
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<br />.................................
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<br />(Notary Public)
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<br />~@ @ 1994 Bonko,. Systoms, Inc,. St. Cloud. MN Form OCP-REDT-NE 5110/2005
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<br />(page 4 of 4)
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