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2oii0005o 20. 21. 22. 23. 24. 25. 26. 27. Unless otherwise agreed in writing, xll insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether ar not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scl�eduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired hy $eneficiary, Trustor's rrght to any insurance policies and proceeds resulting from damagc to the I'roperty bcfore the acyuisition shall pass to Beneficiary to the extent of the Secured Deht imtnediately before the acquisition. ESCROW FOR TAXES AND INSURANCE. Unless otherwisc provided in a separate agreement, Trust�r will ncit be required to pay to Beaeficiary funds for taxes and iusurance in escrow. �'INANCIAL REPORTS AND ADDITIDNAL DOCUMENTS. '1'rustor will provide to F3eneficiary upon request, any financial statement or infor�nation Reneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file auy additional documents or ceRifications that Beneficiary may considcr aecessary t.o perfect, continue, and preserve Grantor's obligations under this Security instrumen.t and Beneficiary's lien status on the Property. JOINT AND INDIVIDUAL LIA$�LTTY; CO-SIGNERS; Si1CCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individnal. If 'I'rustor signs this Security In.etrumenl but does not sign an evidence of debt, Trustor does so only to tr�ortgage Trustor's interest in the Property to secure payment of the Secured De6t and Trustor does not agree to he personally liable on lhe Secured Dcbt, If thrs Security Instrument secures a guarauty hetween Beneficiary and Trustor, '1'rustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any parCy indehted under the obli�al.ion. These rights may include, but are not limited to, auy anti-deficiency or one-action laws. Trustor agrees t.hat Beneficiary and any party to this Security Instrument tnay extend, modify or make any change in the terzns of this Security Instrument or auy evidence of debt without Trustor's consent. Such a change will not release Trustor trom lhe lenns of this Securiry Ipstrument. 'I'he duties and benefits of this Security lnstrument shall hind and benefit the successors and assi�ns of Trustor and T3eneficiary. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security lnstruinent is governed by the laws of the jurisdictian in which Beneficiary is Located, excepl to the extent otherwise required by Che laws of the jurisdiction where the �'roperty is located. 'I'his Security Instrument is complete and fu11y integrated. This Sccurity Instrument may not be amended or modified by oral agree�nent. 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 nnpliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceahiliry of the remainder of this Security Instrument. Whenever used, Che singular shall include t.he plural and the ptural the sin�ular. The captions and hcadings of the sections of this Security Instrument are for ec�nvenience only and are not to be used to interprel ar define the tenns of this Security Tnstrument. 'I'ime is of thc essence in this Security Instrument. SUCCESSOR TRi75TEE. Beneficiary, at Beneficiary's opCion, may from timc to tin�e remove Trustee and appoint a successor trustee without any other formality than [he designation in writing. The successor trustee, without eonveyance of the Property, shall succeed to all the title, power and dnties conferred upon Trustee by this Security Instrurnent and applicahle law. NOTICE. LJnless olherwise required hy law, any nntice shall be given by delivering it or hy mailin� it hy first class mail to the appropriate party's address on page 1 of lhis Security Instrumcnt, or to any other address designaled in writing. Notice to one trustor will hc det�ned to be nolice lo all lrustors. WANERS. L'�"xcept to thc cxtcnt prohibited by law, '1'rustor waives all appraiscment and hozr�estead exemption righls relating to the Property. OTHER TERMS. If checked, the followittg are applicable I.o this Securit.y Instruincnt: ❑ Line af Credit. The Securcd Debt includes x revolving line of credit. provision. Although the Secured Deht may be reduced to a zero balance, lhis Security Instrument will remain in effect until released. Cy� Construction Loan. 'This Security Instrurnent secures an obligation incurred for the construction of an unproverncnt on thc Property. ❑ Fixture Filing. "I'rustor grants to I3encficiary a securiry interesl in all goods that Grantor owns now or in the future and that are or will becotne fixtures related to the Yroperty. 'I'his Security instrument suflices as a financing st<►lement and any carhon, ph�tographic or other reproduclion may be filed of record for purposes of Article 9 of the Uniform C.ommercial Code. ❑ Riders. The cover►ants and agreements of each of the riders checked belaw are incorporated into and supplement and arnend t.he terms of this Security Tnstrument. [Checl� all applicable baxes] ❑ Condominium Rider ❑ Planned iJnit Development Rider ❑ Ot.her :................................................. ❑ Additional Terms. SIGNATURES: i3y signittg below, Trustor a�rees to the terms and covenants cont<►ined in chis 5ecuriry lnstrtunenl aud in any at.t.actunents. Trustor also acknowled�es receipt of a copy of this Security Instrument c�n the date stated nn page 1. . . . . . . . . . ��`. :aC.�''. � . . ��: . . . 7��'�!L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Sigpaturc) Maureen M. Keber (Date) . (Si�iature) (Date) ACKNOWLEDGMENT: STATT OT' f��4r�ka . . . . . . . . . . . . . . . . . . . . . . . . . ........... . . . COiJNTY Or Mvrr.ick. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ) ss. c'",a'";a°Al> This instrumept was acknowledged before mc this ........3�sh........ day of ................. p�ber,.20.1.0.......... ... .... by Mauree�.M,.K�4er .Sinqle.P.er.S4q ...............�.�. �Y.�.. .. ....... .. .................................. . My cornmission expires: 07•14-2014 .......... . . .........�Notnry Public� ................................ Kirby Eppert � 91994 Bankers Systems, Inc., St. Cloud, MN Form RE-�T-NE 1/30/2002 � w �� (Page 4 of 4J �� � �