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2oii0005i�. 20. 21. 22. 23. 24. 25. 26, 27. Unless otherwise agreed in writing, all insurance praceeds shall be applied to lhe restoration or repair of the �'roperty or to the Secured Debt, whether or not then. due, al Beneficiary's optiou. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the arnouut of any payment. Any excess will be paid to the Granlor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from darna�e to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt itnmediately hefore the acquisition. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided iu a separate agreement, Trustor will not be required to pay ta $eneficiary funds for taxes and insurance in escrow. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide ta Beneficiary upon request, any financi�tl stateinent or information Beneficiary may deettt reasonably necessary. Trustor agrees io sign, deliver, and file any additinr�l documents or certificalions that F3eneficiary may consider necessary to perfect, continue, and preserve Grantor's obligatinnti under this Security instrument and Beneficiary's lien status on the Property. JOINT AND INDNIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND AS5IGN8 BOiJND. All duties under t.his Security Instrument are joint and iudividual. lf Trustor signs this Securrry Instrtunent. but does not si�n an evrdence af debt, Trustor does so only to mort�age Trustor's interest in the Pro�erty to tiecure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrumeni secures a guaranry hetwcen Beneficiary and Trustor, 'I'rustor agrees to waive any rights that may prevent. Beneficiary from bringing any action or clai�n against Trustor or any paRy indebted under the obligation. 1'hese rights may include, bnt are not limited to, any anti-deficiency or one-aclion laws. Trustor agrees that Beneficiary and any party to this Security lnstrument may exteud, modify or make any change in the terms of this Security Instrun�cnt or any evidence of debt without Trustor's consent. Such a change will not release Trustor frnm lhe t.erms of this Security Instrument.. The duties and benefits nf thiti Securiry lnstrument shall bind and benefit the snccessors and assigns of Trustor and Beneficiary. APPLICABLE LAW; SEVERABILI.TY; INTERPRETATION. This Security Instrument is governed by the laws of lhe jurisdiction in which 13eneficiary is located, except Co the extent otherwrse required by lhe laws of the jurisdiction where the Property is located. 'I'his Security Instrument is complete and fully int.egrated. This Sccurity instturnen[ may not be amended or modified by oral a�reement. Any section in this Securily Instrument, attacbznents, or any agreement related to the Secured Debt that cpntlicts with applicable law will not be effeccive, unless that law expressly or impliedly pennics the variations by written agreement. If any section of this Security Instrument cannot he enforced according to its terms, that sect.ion will be severed and will not affect th. e enforceabilily of t.he remainder of this Securrty Insirument. Whenever used, the singnlar shall include the plural and the plural the singular. '1'he captions and headin�s of the sections of this Security Instrument are for convenience only and are not to be used to interpret or defrne the cerms of this Security Tnstrument, Time is of the essence in thrs Securit.y instrument. SUCCESSOR TRi.TSTEE. Beneficiary, at l3eneficiary's optinn, may from time to ti�ne remove Trustee and appoint a successor trustee withoul any other formaHty than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed t� all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. NOTICE. Unless otherwise required by law, any noticc stzall be �iven by delivering it or by mailing it by first ctass mail Co the appropriate party's address on pagc 1 of this Securiiy Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to he notice to all trustnrs. WAIVERS. Exccpt to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. OTHER TERMB, If checked, the following arc applicable to this Security lnstrument: ❑ Additional Terms. ❑ Line of Credit. The Secured Debt includes a revolving line nf credi[ provision. Although the Secured Debt may be reduced to a zera balance, this Security Instrument will reznain in effect until released. [� Construction Loan. This Security Instrument secures an obligation incurred for lhe construction of an improvement on the Pro�erty, ❑ Fixture Filiqg. Trustot granls Co Beneficiary a security interest in. all g[�ods that Granlor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statemeut and any carbon, photographic or other reproductian may be filed of record for purposes of Article 9 of the Uniform Commercial Code. ❑ Riders. '1'he covenants and agreements nf each of the riders checked below are incorporated into and supplement and amend the terms of this Security Inst.rumenC. CC:heck all applicable boxes] ❑ Candorninium Rider ❑ Planned Unit Development RideX ❑ Other .................................................. SIGNATURES: By signing bclow, Trustor agrees to the terms and covenants contaxned in this Security instrument and in any attachrneni5. ' I'ru5wr also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ... �?7�-�.. �?'� .. ��? ...................................... ............................................................................ (sigiature) Maureen M. Ke6er (Date) (Si�nature) (Date) ACKNOWLEDGMENT: STATE OP �l�4ra�ka ..................................... . COL7NT'Y OF Merr.ick............................................ �''�''"'"°"'� This instrum.cnt was acktaowlcdged bcTorc znc this ........3Ath........ day of .................O�ber,.2D.1.0........... by Maureen.M.l��ber .Su�g�e.P.erS4n......... �l� N� N�[y K�ex' .......................................................... ...... ............ .... . My commission expires: 07•14-2014 .. ............�Notazy Public� .......................... } ss. Kirby Eppert � C�)1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002 (Page 4 of 4J �� �� � ��