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` �Oi104549 <br />D. Trustor shall immediately notify, Beneficiary in writing as soon as Trustor has reason to believe there is any pending <br />or threatened investigation, cla�m, or proceeding relating to the release or threatened release of any Hazardous <br />Substance or the violation of any Environmental Law. <br />12, ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be <br />required to pay to $eneficiary funds for taxes and insurance in escrow. <br />13. JOINT AND INDIVIDUAL LIABILITY? CO-SIGNERS; 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 znortgage Trustor's interest in the Property to secure payment of the Secured Debt and <br />Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between <br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim <br />against Trustor or any �arty indebted under the obligation. These rights may incrude, but are not limited to, any <br />ann-deficiency or one-action laws. The duties and bene�ts of this Security Instrument shall bind and benefit the successors <br />and assigns of Trustor and Beneficiary. <br />14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security <br />Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or <br />any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly <br />or tmpliedly �armits 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 Security <br />Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of <br />the sections of this Securitx Instrument are for convenience only and are not to be used to interpret or define the terms of <br />this Security Instrument. Time is of the essence in this Security Instrurnent. <br />25. SUCCESSOR TRUSTEE. Bene�ciary, at Beneficiary's option, may time to time remove Trustee and appoint a <br />successor trustee without any other formality than the designatton m writmg. The successor trustee, without conveyance of <br />the Property, shall succeed to atl the title, power and duties conferred upon Trustee by this Security Instrument and <br />applicable law. <br />16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by �rst class mail <br />to the appropriate part�'s address on page 1 of this Security Instrument, or to any other address designated in writ'vng. <br />Notice to one trustor will be deemed to be notice to all trustors. <br />17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights <br />relating to the Property. <br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a <br />zero balance, this Security Instrument will remain in effect until released. <br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the <br />extent required by the laws of the junsdiction where the Property is located, and applicable federal laws and regulations. <br />20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and <br />amend the terms of this Security Instrument. <br />[Check all applicable boxes] <br />❑ €issi�r�ax�ent �f L:eases �d Rents � Oth�� ..........................._..............................._,........o,.-.._.._.....__�..,... _ <br />21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest wtuch secures an obligation <br />incurred for the construction of an impzovement on the Property. <br />22. ❑ ADDITIONAL TERMS. <br />SIGNATURE5: By signing below, Trustor agrees to the tertns and covenants contained in this Security Instrument and in any <br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. <br />. ... �l�Z'. "`�I . . ... . ... ..... ... ........ . .. ... . . . ........ �`. � . l/ <br />(Signature) (Date) <br />Darla Redman <br />............................................................................ <br />(Signature) (bate) <br />ACKNOWLEDGMENT: � � ... ............................. <br />STATE OF ..... ................................ COUNTY OF .:� �'�-::.. .} ss. <br />ctaa��au�� �is it�trument was a�owle�dg�ed before me this ....:`�............ day of ...-"'�.�1�,�,. , <br />...................... 3...,��.I.t.............. <br />by .... L�.�F'4....... �-.........'.S-r .................................... .... ................. . <br />My commission expires: * <br />. . . . . . . ��J�,Qv:,.. . � �. � .�. .. . . . . . . . . . . . . . . . . . . . . . . <br />(N ty Public) <br />G��p�. NOTANY - K a HARRIS � <br />� MARtA � 8 2013 <br />My Comm. ExP• Y � <br />� �O 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31/2003 fpage 4 of 41 <br />