|
- 5•� . . • .. . .J....__. .�__ . ..��.-., ._. :3c. - r
<br /> i ' r� . • , ` f - -i � ay - -
<br /> ��. c � � . t . .� . • . .
<br /> - � ` < .ti. . .< �� �` ` r° r �_... t -._��.:.=�.:.t-�s.., - �.�.`.
<br /> � _ ➢.. ..,�._ �
<br /> _- '�•:+t".. . ..
<br /> _ .; f h . � f t _
<br /> .�, - � � ' . ' <
<br /> . `. ` . `� '�.� -
<br /> F ..
<br /> ` ( ��� ��� `� '`., ..- =-_ .
<br /> ! Unless otherwise agreetl in wrldag,all iasuraace p�����PPll�d to the restorarioa or repair of theP�erty ar to �� —
<br /> � ' the Secured Debt.whether or uot theu due.at B�eflciary s opdon. Any apAtication of praoeeds to princ3pa� shall not '`','� T
<br /> � e�ctend or postpone thc dae date of the sdieduled��y�q�p�nor change the amount af any PaYment.Any eace�wiU be pa[d <. , , �' ' .
<br /> � pmpeccy is a�ed Beaefieisry.Tnutor's ri L toauy in��ran_ss pollCies and pnoCeeds tesutting
<br /> � to the exteat of the Secuted Debt immediately �`
<br /> • �. '��` �m da�e to�the�Pmperty before acq�'wsuion shall pass w Beae ceary► ,'� ,
<br /> � . befo:e the acquisidoa. �`"`. � _
<br /> ' ` . ~:" - Z0. E.SCRdW FOR TARES AND 3NS[JRAI�ICE. Uuless otheiw�se pmvided in a separate ag�eement.Tn�stor will not be � ,�:•.. , �
<br /> � •° �equired w pay to Beneficiary fuads for ta�ces and insuraacc in escraw. � �
<br /> --'� 21. FINA1�tiCBAL REY�RTS ANis AD#DTI'tONAL BOC[JR�SNTS. Tiustor a+Ill pmvide w Beaeficiary upon request• a¢►Y -
<br /> � y A nuWr a w s� dehvet.and fite
<br /> .- ��'. ...:°. :' financeal statement or info�arion BeaeBciary may,de�m ceasonably nec�sary.'Ir Sre�s. gn. � . -<
<br />-:s - . � a�di6onal doaiments or certtfisations thai Benefc ma�►wnsider necessac3►to perfect.oontmu�and presenre Grautor s
<br /> . obligatioas ander tLis Security Instzument and Be�s lien status oa the Praperty. :S;: �
<br /> � �
<br /> -- - - 22. SOINT AND U�NIDUAL IJAi3ILTTYi CaSII6NERS:SUCCE330IdS AND ASSIGNS BOUND.AIl dudes under - . .,.
<br /> S
<br /> � tbia Securui+Insuament are joiat and Indivcdaal.If Tmstor sigas this Security Iustnttnent but does aot si aa evEdeace of ..
<br /> . " debt, 'fcnstor d oes so only t o mort8ag e T m s w s's i n t e r e s t m t h e P c op t o s a a u e p a y m e n t of the��aued Debt and ':" . _
<br /> � • T�t does not agree w'be petsonally liable oa the Se�ured Debt. If tbis�Insunmeat sec�es a gaaranty hetweEa ,
<br />-- . � � `� Beaefciary and Tn�stor.Tnuwr agre�to waive any�thai maY Prevent Beae �y from bringing any acuou os ciaim ' . �. ;`�,:�
<br /> . � ''" a8aiust Tn�swa or any 8a�'tY indebted imder the ob oa. These rlghts may include. but are not limited ta. at�+ _ .
<br /> ,r. .�. anti-0eSciency or oue-aaron laws.Tnutor ag�ecs that�flciaiy and anY P�Y w this SecarIty,Insnument may eatead, 5 ' . ?� � _:
<br /> modify or make aay cbange ut the terms of this S�r Iasuument or�y evtdence of debt v�ntttout Tn�stor's conseat. ,
<br /> - . Sact�a cdiange�w� ill not release?nutor from the teraus of this Seauiry Insaimuen�'Clce duue.s and bene8ts of tflis Sewrity �4, h(. ,
<br />_ - • � ' �nst�u�ent sbali bind and beaefit the successo�s and assigns of Tnistor and Beneficial. . —
<br /> , ' • , - 23. APPLICABLE LA�U: :II�PR�TA�ION.This Seauity Iagmuaent is gavemeti by the laws oY the -
<br /> � . jurisdicti�n ia wt�ch BeneSclatyr is tocated,e�ccePt to the extent athezavise required the laws of the}u�isfiction where :�
<br /> tent �' S�ty���y not be
<br /> '- ' � : . ttteg�erty is Ioc�ated.This S�vrity Insuument Is comptete aad fully integrated. ,—
<br /> •.`_�.. .- .. amexied or modi&ed by oral agreemeat.,A�secdon in ttiis Secauity, aztashments,or aay agceement related to - _ �-',--
<br /> '.;' ` ^`'�:. t h e S e c u r e d D e b t t h a t c o n A i c i s aith a p plscaf e law w�l not be effe�ave,��taw expr�sly or impliedly petmits the .:•, i=---
<br /> i:� • variations by wrttten a t. I fazry section o f t h i s S e a u ity I n s t c u m e n t e a n n o t b e e n f o r ce d a r,c o r d i n g t o i t s t e r m s,t h a i
<br /> . �—
<br /> - ' seaion w�l be severed a�nd w��l not affect the enfom.eability of the remainder of tbis Secariry Iastiamen�Whenever used, � .. �.�,�
<br /> � � the sin g u lar shaU inclnde the phual aad the pl�al the singular.The captions and headiags of the.seaFons of tHis Securlty � �.
<br /> . . - Insuumeut ace for convc�ience o n ly.a a d ace uo t w 1�u s e d t o i a t e r p r e t o r d e fi a e t h e t e r m s o f t h i s S e c u r l t y I n s t r a m e a t. ... �`' .��
<br /> . ' �.�r�� 'ISme is of the essence in this Security Ins4rument. --
<br /> from time w time temove Tnutee and appoint a ; .--
<br /> ' �-.�,._.:: ?A. 3UC�SOR 7'EtUS°i'EE. Beneficiary, at Beuefi ' 's apdon..a►aY,, _ T
<br /> ' _ ' successor t:astee withouta�y other fa�?lEity than th�es�gnaaon�n wrnmg.The successor tmstee,without cameyauce of
<br /> . � the Prag2rty. sball succeed w aU t�e¢�e,Power and duties co�feirred upun'I'rustee iry this 3ecartry Iasuament and -_
<br /> ��' � " . aPP�le law. ' . —
<br /> � ZS. NOrITCE.Untess othezwis�e iequired by law as not(ce shall be given by delive�g it or by mailing it by&st ctass mail � 4
<br /> e ' ,
<br /> ` ; ..'; to the appmpriate party's address on pag,e f o�this Securlty Instrument,or to�y other address designated in wrlting. . •�--.
<br /> Notice to one truswr will be deemed to be nodce to all tcuswss. ; �'^`�" ' _
<br /> s Z6. WAIVERS. Excepi to the extent prolu'bited by law, Trustor waives aU app:aisement and hornestead e�mption rlghts �°'� '. �:
<br /> ' � retating to the Property. ' .`'`G -_
<br /> 27. ��dt TERMS.If checked.the following ar�e applicable to this Sewriry Insuument: � . . . �` :_fi�
<br /> � ❑Liae of Ccedit.l4�e Secured Debt inc[udes a revolving line of credit provision.Although the Ses�red Debt may hs � � ��
<br /> � � �� reduced to a zero balance,this S�,'uriry Insuument will zemain in effea aa�1 released. . •. . ;`-�-._
<br /> .. , . �, • + " :�
<br /> �^,: ;: , . O Construdion Loan.This Sec�ity Instnunent secures an obligation incarred for the consauaion of aa improvement . ,.. . .:`�.�
<br />::�, .,: - � on the Praperty.
<br /> � r' , � ❑F7xt�e FYling.Tn^stor grants to Beneficiary a securIry interest in all goa�s[hat Gr�tor owns now or in the future ..
<br /> :� � and that are or c�i beeome fixtures related to tt►e Property. 'I9�is Ser�iry IAStrument sufflces as a financing ..—''°
<br /> �-, ;.. . �� � statea�t aud any carbon.photographtc or osher re�roduction may be filed of record for putposes of Articte 9 of the ,_:
<br /> . } Unifo:m Commerclal Cade. '� � 'i
<br /> � . � ❑Itfdeea The covenanu and agreements of each of the rlders checked below are incorporated into and supptement anrl � � ' _-
<br /> � ' amend the terms of tbis Securiry InsUUment.[Check all aPPiicable boxes] . .
<br /> .. ��: ��� . _... '', . .
<br />�� •°' ❑Condominium Rtder ❑ Plamied Unit Devetopment Rider ❑Othes .
<br /> . , .................................................. .:� ,
<br /> ,::��:. .. .
<br /> �AdNttonal Terms.TFII3 ISOIB IS SEL[IRF� HY A DE� OF Z�tfxST L�AZED D�IIt 31, 1997. . .
<br /> :, . . . . � .
<br /> . ; ! . . . . . .
<br /> � ! SIGNATURL�S:By signing below,Tn�stor agrees to the terms anA co�eaants cantained in this Sec�uiry Insuument and in any � �
<br /> � .� . .� attachments.Tnutor also acknowledges receipt of a copy of this Security Insmuneat on the date stated on page 1. .
<br />. , i .
<br /> ; , .
<br /> �t � �. � �...8 .�:..�,..�..��,.��.�,.......... . . .. ...................................................... . ... _ ��� .
<br /> ..� : , ......... ...... . .. ..
<br /> . , . � (Signaam)BC7I�iiTA F BER'Ii�L.SFN (Date) (Slgnawm) ..(Date) . ,
<br /> . • . . i ,
<br /> • • ; ACINiOWLEDGMENP• .
<br /> • ,. ° • � S'fATE OF�+ I��.................................COUNTY OF �Trt......... . .... .}ss.
<br /> .::, ................ ........... .
<br /> , ' 1n0ivim°" 7'his instrument was aeknowledged before me this......��:�+�.'.......day of..........A��,..���7.............. � '
<br /> y�.,.�� � � by ��.�:.�s���?................................................................................................... . � � ,
<br /> . � My commission expires: �
<br /> .. . � , ; ............................................................................. . .
<br /> •._ ; . lNotuy Pu6he)
<br /> - � i , 0199�Bantcn5ysleme.h+e.St.C�ouO.MN 11�804397•23011 FormpE�DT�NE 72Q3%98 . �DaUe4��41 !. . �
<br /> -_ ... . i �-�. �.� _ .
<br /> .
<br /> L ..
<br />__.. _:: . ..
<br /> — ..,._ ..._i -- ------
<br /> : . , �
<br /> . . i ' ; .
<br /> ' . ,4 . . . .. . . . . - ,,---�----- . -� �
<br /> �
<br /> .
<br />. - . . .. . _ _.._ .. -_ � -,� ...... •..'. .. :._..:_ ..._s u...?..._.ra.r..Z._.:r..a:.u r�'cia.�+7�F,�`. ..x;ramsA.#qx�:'�`,`_:ls°I'�7.:' . . .° :a'�:... ....i,... ..... .... e.. _
<br />
|