200806528 - Laserfiche WebLink

Browse

, \ 200806528 Unless otherwise agreed in writing, all insuranee proceeds shall be applied to the restoration nr n,:p;lir of the F'rupcrlv ur to the Secured Debt, whethcr or not tben due, at Beneficiary's oplion. Any application of proceeds to prillo.ipal shall not extend or postpone the due date of the scheduled payment nor change the arnounl of any p(lyment. Any excess will be p(lid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of tIle Secured Debt immediately before the acqnisition. 20. ESCROW FOR TAXES I\ND INSURANCE. Unless otherwise provided in a separate agreernent, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial staternenl or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver. and filt any additional documents or certifications lhat Beneficiary m;IY consider necessary to perfect, continue, and prcserve Oranror"s obligations under this Securily Instrument and Beneficiary's lien status on Ihe Property. 22. JOINT AND iNDIVIDUAL LIABILiTY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under lhis Security Instrument are joint and individual. If Trustor signs this Security Instrument but docs not sign an cvidcnce of debt, Trustor docs so only to nlortgage Trustor's inlerest in the Property to secure payment of the Secured Debt and Truslor do(:s not agree to be personally liable on lhe Secured Debt. If this Security Instrument scc\.lr<~s a guaranty between Beneficiary ami Trustor, Trustor agrees to waive any rights that may prevent Beneficiary fronl bringing allY actiun or claim against Trustor or any parly indebted under the obligation. Thcse rights may include, but arc not limited to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Sccurity Instmment shall bind and benefit the successors and assigns of Twstor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; lNTERPHETATlON, This Security Instrument is governed by llle laws of the jurisdiction in which Beneficiary is localed, except to the extent otherwise required by the laws of the jurisdiction where thc Property is located. This Security Instrllment is complt:te :md fully illlegrated. This Security Instrument may not be amended or mOClified by oral agreement. Any section in lhis 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 impliedly permits the variations by written agreement. If any section of this Security Inmrument cannot be enforced according to its terms, that section will be scvered and will not affect the enforceability of the remainder of this Security Instrument. Whenever IIsed, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Tinle is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Truslee and appoint a successor trustee withollt any other formality lhan the designation in writing. The successor trustee, without eonveY,1llce of the Property, shall succeed to all the title, power aud duties conferred upon Trustce by this Security Instrument and applicable law. 25, NOTICE. Unless otherwise required by Jaw, any notice shall be given by delivering it or by mailing it by first class lllail to the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be llotice to alltrustors. 26. \VAl VERSo Excepr ro the extent prohibited by law, Trustor waives all appraisement amI homcstead exemption rights relating to the Property, 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: o Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secmed Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. o Construction Loan. This Secmity Instrument secures all obligation incurred for the construction oj" an improvement on the Property. D Fixture Filing. Trustor grants to Beneficiary a securilyinterest in all goocls that Grantor owns now or in the future and that arc or will become fixtures relaled to the Property. '['his Sccurity Inslrument suffices as a financing statement and any carbon, photographic or other reprodnetjon may be filed of record 1"01' purposes of Article 9 of the Uniform Commercial Code. D Riders. The covenants and agreemenls of each of the riders checked below are incorporaled into and supplement and amend the terms of this Security Instrument. ICheck all applicable boxes] D Condominium Rider D Planned Unit Development Rider D Other .................................................. D Addilional Ter111s. SIGNA TURES; By signillg tJelow, Trustur agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor. also acknowledges receipl of a copy of this Security Instrument on the date stated on page 1. H?f#~.?f1~...........HH.H]~Z2~ H~.tl.Iz.~......1-~AO)' (Signature) MICHAEL W. KLEIER (Dale) (Signature) COLLEEN A. KLEIER (Dale) ACKNOWLEDGMENT: STATE OF N.E6RASl<A...................................., COUNTY OF HALL.............................................} Ss. This instrument was acknowledged before me this ....... .22l'J.O....... day of ...... ...... ... .... JUlY.. 20.08........ .......... by MICHAE~ .W, J<lEI.~R;. ~mm[IJ. {I, .I<lEIEB. H.USBMP. AND. WIFE. ~........... .~. ./7........... ... ........ .............. . Mycoll1r '.' ,.' I'OBE~T&..=- c;;..)~/~............... ............ QInlI1l. _ 12. 2012 (No"" y PlIbl,,:) ROBERT L. DANE ystems, Inc.. Sf. Clolld: MN Form RE.DT.N~ l1JD/2002 (lndivldual) Ex'j5E?-EJ"M @ 1994 B (page 4 of 4)