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200611162 D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, clarm, or proceeding relating 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, Trustor 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 does so onlyy to mortgage Trustor's interest in the Pr a to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Securityty Instrument secures a guaranty between BBeneficiary and Trustor, Tmstor areas to warve any rigghts that may prevent Beneficiary from bringing any action or claim e Trustor or any 1' in ehted under the gbli anon. These rights may include, but are not limited to, any anti - deficiency or o"action laws. The duties and benefigts of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 14. SEVERABILITY; INTERPRETATION, This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. An 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 tmplredly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according tq its terms, that section will be 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 We singular. The captions and headings of the sections of this Securityty Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security and 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary s option, may from time to time remove Trustee and appoint a successor trustee without any other 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, an notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 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 of credit. 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 Instrument is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws of the jurisdiction 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 of this Security Instrument. [Check all applicable boxes] IIOME EQUITY ACCESS LINE ❑ Assignment of Leases and Rents IM 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, I$ ADDITIONAL TERMS. VARIABLE RATE: THE INTEREST RATE ON THE OBLIGATION SECURED BY TIDS MORTGAGE MAY VARY ACCORDING TO THE TERMS OF THAT OBLIGATION. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor so acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. '111,A ��.'.3�� °..4 ................ ...... ... "-... // -. a ................. ...... /, innamrrl (Date) (ign¢wtc) (Date) MONTC C. HACK SHERYL S. BACK (Signature) (Date) (sign arurc) (Date) ACKNOWLEDGMENT: fl STATE OF ...1�1 L14' r4S. ..................... C UN Y OF ..... . G;.LIL............... ^ } s. This instrument was acknowledged before me this ... f ........ day of l" li.�' L1gUk I•••J•• •. by MQNTE C.HACK AND S. HACK ................................................ ........... .................. • . .. ................................... ............................... ? ............. ...... • . ............ . My commission expires: �Q� l t tea% .............. � .. '.--�...................... GENERAL NOTARY • 5tafa of Nebraska (Nomry Public) L. A. RHOADS My Comm. Up. Feb.1, 2O1d LOAN NO.: W- 0001357923 ORIGINAL p 1994 p.n — symm.a• Inc., St, Claud, MN FWf RPCgCPnEDTNE 4t9/2002 Wag9 4 of 4)