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20110339� 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 pa ment nor change the amaunt of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Bene�ciary, Trustor's ri�ht to any insurance policies and proceeds resuIting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCl20W FOR TAXES AND INSURANCE. Unless otherwise provided in a sepazate agreement, Trustor will not be required ta pay to Beneficiary funds for taxes and insurance in escrow. 21. k'INANCIAL REPORTS AND ADDTTIONAL DOCUMENTS. Trustor will provide to Bene�ciary upon request, any �nancial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, dehver, and file any additional documents or certi�cations that Beneficiary maY consider necessary to perfect, contmue, and preserve Grantor's obligations under this Security Tnstrument and Beneficiary s lien status on the Property. 22. 23. JOINT AND INDIVTDUAL LIABILITY� CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor s�gns this Security Instrument but does not sign an evidence of debt, Trustor does so only to mottga.ge Trustor's interest in the Property to secure payment of the Securad�Debt and Trustor does not agree to be personally liable on the Securec� Debt. If this Security Instrument secures a guaranty between Bene�ciary and Trustor, Trustor agrees to waive any rights that may prevent Bene�ciary 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 anh-deficiency or one-action laws. 'Trustor agrees that Beneficiary and any part� to this Security Instrument may exlend, modify ar 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 Security Instrument shall bind and bene�t the successors and assigns of Trustor and Beneficial. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the urisdiction in which �3eneficiary is located, exceQt to the extent otherwise required by the laws of the jurisdiction where the �roperty is lacated. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to che Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly germits the variations by written agreement. If any section of this Security Instrument cannot be enforced accarding to its terms, that section will be severed and will not a.ffect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall inciude the plural and the pPural the singular. The captions and headings of the sections of this Security Instrument are for canvenience only and are not to be used to interpret or define the ternis of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Bene�ciary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other £ormality than the designation in writmg. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless atherwise required by law, any notice sha11 be given by dalivering it or by mailing it by first class mail ta the appropriate party's address on page 1 of tlus Security Instrument, or to any other address designated in writing. Notice lo one trustor will be deemed ta be not�ce to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Praperty. � 27. OTHER TERMS. If checked, the following axe applicable to this Security Instrument: � Line of Credi� The Secured Debt includes a revolving line of credit pravision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. [� Construetion Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. � Fixture Filing. Trustor grants to 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 Security Instrument suffices as a financing statement and any c�rbon, 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 af the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] � Condominium Rider � Planned Unit Development Rider 0 Other _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ � Additional Terms. SIGNA S• y signin ow, Tr tor agrees to the terms and covenants contained in this Security Instrument and in any attach ents. Tr to also a nowledges ece' of a copy of this Securit Instrument on the date stated on page 1. -------- - - - ---- --------------------- �-:��.--�- �.--------------------- (Signature) e y S Dale (Signature) Lestte T Oale -------------------------------------------- (Signature) (Date) ACKNOWLEDGMENT: STATEOF__Idg�r,a�k�_____..___________. (In�ividutdj This instrumenl was acknowledged before me this b n Jeffrey S Dale and Leslie T_Dale, husband � My commission expires: �pL1ipTA1�l.� � � � E,�p, geps, t8 2ota -------------------------------------------- (Signature: (Date) , COUNTY OF Hall _ _ _ }ss. ---------------------------- nd May_2011 idwife �_ -------�--- ------ ' ��-------�----------------- (Notary Public) Chad Nelson �'" � 199R Bankers 3ystems, Inc., St. Cioud, MN Form RE-DT•NE 1 /3 012 0 0 2 (page 4 of 4J ��Ci65{NE��oso�� LoanNumber 11-04-000208 S165NE (01/10)