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� , . 201�Q54�� Unless otherwise agreed in writing, a(1 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 Properiy before the acquisition shall pass to Beneficiary to We extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TARES 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 REPORTS AND ADDITIONAL DOCiJMENTS. Trustor will provide to Beneficiary upon reqaest, any financial statement or inforanation Beneficia.ry may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certificatioas that Bene�ciary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instnunent and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABII.IIY; CO-SIGNERS; SiJCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Securiry Instrument but daes 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 Bene�ciary 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-de�ciency or one-action laws. Trustor agrees that Beneficiary and any party to thrs Securiry Instrument may extend, modify or make any change in the terms of this Securiry Instrument oc any evidence of debt without Trustor's consent. Such a change wilt not release Tnsstor from the terms of this Security Instrument. The duties aad benefits of this Security Instniment shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the taws of the jurisdiction where the Property is located. This Secnrity Instrument is complete and fully integrated. This Secnrity Instrument may not be amended or modified by oral agreement. Any section in chis 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 impliedly permits the variations by wriuen 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 enforceability of the remainder of this Secariry Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of We sections of this Security Instrument are for convenience only and are not to be used to interpret or de�ne the terms of this Security Instrument. Time �s of We essence in this Security Instrument. 24. Si7CCESSOR TRUSTEE. Bene�ciary, at Beneficiary's option, tnay from time to time remove Trustee and appoint a successor trustee witUout any other formality than the desiguation in writing. The successor trustee, without conveyance of the Property, shall succeect to all the title, power and duties conferred upon Trustee by this Security Tnstrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by �rst class 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, Trastor tvaives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be rednced 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. ❑ Fixture Filing. Trustor gran[s to Beneficiary a security interest in all goads thai Grantor owns now or in the future and that are or will become fixcures related to the Progerty. This Security Tnstrument suf�ces as a financing statement and any carbon, photographic or other repr�uction map 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 supplement and amend the terms of Wis Security Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other .................................................. ❑ Additional Terms. SIGNATURES: By signing below, Trt�stor agrees to the terms and covenauts contained in this Securiry Instrwnent and in any attachments. Trustor also acknowledges re�eipt of a copy of this Security Instrument on [he date stated on page 1. .... .... .............. ............... ...�� [..�........................................................................ (Si��') MA LICE SHORT (Date) (Signature) (pa�) ACBNOWLEDGMENT: STATE OF �lQb��.sk$ ....................................... COU Y OF HAII. .................... �..................... } ss. �" This instrument was acknowledged before me this .. . ..... 1h........ day f .. . . ........ . .... ..luly, 20) J.. . ..... .......... . . by MARY AIIGE �HpAT. A S1N!Gf.E P.�9SAN . . .. .. .. ................. . .. ............ ...... .. .� .. ....�.....�..... ... ....... . My commission expires: OS-30•ZOt4 � � . ,� „ ERESA PICHLER �"' OO 7994 Bankera Systems, Irx., SY. Cloud, MN Form RE-DT-NE 1/30/2 2 . . . .��. punu� . . ... . . : . . . . . . . . . . . . . . . . . .. . . . . Ipage 4 of 41 GENGnru. N0�' �e w �•o.n.n.� TERESA RICN m�. �h. Nrt�xT GiM_ A{��. Ji/� ZV 1�