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� d . � T ..� � F �; ; ' ; ; .� .: 20110147t� Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid 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 Che Secured Debt nnmediately before the acquisition. 20. 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. 21. FINANCIAL REPORT5 AND ADDITIONAL DOCIJMENTS. Trustor will provide to Beneficiary upon reyuest, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees ro sign, deliver, and file any additionxl documents or certiiications that Beneficiary m�y cansider aecessary Ci� perfece, conti:»;e, a�@ preserve Grantoc's obtigations under this Security Ins[rument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILTTY; 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 only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. Trustor agrees that Benefieiary and any party to this Security Iustrument may extend, modify or make any change in the terms of tl�is 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 Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABII.ITY; INTERPRETATION. This Security lustrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the l�ws of the jurisdiction where the Property is located. This Security Instrument is compiete and fully integrated. This Securiry Instrument may not be amended or modified by oral agreemeut. Any section in this Securiry Instrument, attachmeuts, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permiCs the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its tenns, that section will be severed and will not affect the enforceability of tl�e remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of tl�e sections of this Securiry Instrument are for convenience only and are not to be used to interpret or define the tenns of this Security Instrument. Tnne is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to fvne remove Trustee and appoint a successor trustee without any other formaiiry than the designatiou in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by tl�is Securiry Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by firsc cIass 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. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all �ppraisement and homestead exemption rights relating to the Properry. 27. OTHER TERMS. If checked, the following are applicable to this Security In.strument: ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Althougl� the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. ❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. ❑ Filtture Filing. Trustor grants Co Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Securiry Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and suppletnent and �unend the terms of this Security Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other .................................................. ❑ Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security lnstrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. �. . .....�.....� � r .........................��:.!.�:.!.�. . ... . .. ....��.........`�r�.�.�.r........ (Signamxe) Robert Bjorklu � (Dace) (Si ature) Na e�J. Bj �lund (Date) ACKNOWLEDGMENT: STATEOF N.earaska ....................................... COUNTY OF Merr.ick.............::.......:......................} ss. � This instrument was acknowledged before me this .......:?�:th.. �� day of ..... .. ...........F.e4ruary, 2QJ J.................. by Ro4er,t.BiQrkJuvd: NaoeY ��.Blurklund. Hus4aod.and Wife....... ... . .. . ......:...... ................ . .... . .. ........ .... . . . . r My commission expires: 11•14-2014 �- �� "� . . . ��. �-�.?'.��!�. . . . . . . . . . . . : . , . ., . ., . . . . . . . . . . . . . . . . . • �� (Notary Pub ) ��„�� Sarah Campa Pe � T"" OO 1994 Bank �i �e �aoizoo2 /page 4 of 4J