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<br />200902256
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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property
<br />or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal
<br />shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any
<br />excess will be paid to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies
<br />and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the
<br />Secured Debt immediately before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not
<br />be required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDmONAL DOCUMENTS. Trustor will provide to Beneficiary upon request,
<br />any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver,
<br />and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and
<br />preserve Trustor's obligations under this Security Instrument and Beneficiary's lien status on the Property.
<br />22. 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 />debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br />Trustor does not agree to be personally liable 011 the Secured Debt. If this Security Instrument secures a guaranty
<br />between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any
<br />action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited
<br />to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may
<br />extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's
<br />consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this
<br />Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary.
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of
<br />the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction
<br />where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may
<br />not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any
<br />agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly
<br />or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced
<br />according to its terms, that section will be severed and will not affect the enforceability of the remainder of this
<br />Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and
<br />headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or
<br />define the terms of this Security Instrument. Time is of the essence in this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint
<br />a successor trustee without any other formality than the designation in writing. The successor trustee, without
<br />conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security
<br />Instrument and applicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class
<br />mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in
<br />writing. Notice to one trustor will be deemed to be notice to all trustors.
<br />26. WAIVERS. Except to the extent prohibited by IllW, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTIlER TERMS. If checked, the following are applicable to this Security Instrument:
<br />D Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt
<br />may be reduced to a zero balance, this Security Instrument will remain in effect until released.
<br />D Construction Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />o Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the
<br />future and that are or will become fixtures related to the Property. This Security Instrument suffices as a
<br />financing statement and any carbon, photographic or other reproduction may be filed of record for purposes
<br />of Article 9 of the Uniform Commercial Code.
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<br />D Riders. The covenants and agreements of each of the riders checked below are incorporated into and
<br />supplement and amend the terms of this Security Instrument. [Check all applicable boxes]
<br />D Condominium Rider 0 Planned Unit Development Rider 0 Other ..........................................................
<br />D Additional Tenns.
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<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in
<br />any rents. Trustor also aCkn~Wledg.. receipt of a copy of th;s Secnrity Imtrument on the date stated on page 1.
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<br />.............~..6:...d~................?:.:.~:.?.:...
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<br />(Signature) Paula G. Harris (Date) (Signature)
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<br />. ... ....... ......... 444 4.......... ..... ..4...~4.... ............. ... .4.444.~...... ..... .............4 '4'~4"4
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<br />(Date)
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<br />ACKNOWLEDGMENT:
<br />STATE OF .............~!';J?.I~.~.~~.............................. , COUNTY OF ........,,~!:.~~.!!';y........................................... } Ss.
<br />(Individual) This instrument was acknowledged before me this ........~~J.!!-....... day of ........J1?!.c;.h.t...Z.9.Q~.........,..................
<br />~;.;;;;....:.~,.~!.~..g,:...=~:::~"!'),\\F.!.i,~.....P..7"Q"ba................;....................................... .
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<br />=';,"=:2 ............~~..~...iN~~...............................
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<br />Cll994 Bankers Systema, Inc., St. Cloud, MN (1-800-397-2341) Form RE-DT'NE 10127197
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<br />(page 4 of 4)
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