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<br /> �I�Y��O�V� �
<br /> � Unless otherwise Agreed in writing,all insuruncc prncecds xhnll hc applicd to thc restorution or repnir c�f the Property or to
<br /> thc Secured Debt, whether or nat then duc. nt Beneflclnry's optton, Any nppltcntlon of proucde to prtnclptil sliall not
<br /> extend or postpone the due dnte of d►e schedulcd pnqnxnt nor chnnge the nmount of uny puym^nt, Nny cxcess will Uc paid
<br /> fiam d agte ta�tlic�Pro�perty Ucifoic lhc n�cqiiisldon ehall ji1s9 to Rcncffclnry to tl►c cxtent of the 3ccarcd�ebt im�tncdiatcly
<br /> � before thc acquieltirm.
<br /> s 20. F..SCROW FUR T�XES �ND INSUItANCI:. UnlcAe athcnvlec pravidcd in n xcparatc agrccment, TruRror wfll not bc j.'
<br /> •� required to pay to&:neficisry Ilmde for taxes and Insurnnce In cecrow,
<br /> ...,.�:.-:.� pc�
<br /> ' ,,.,,, Zl. FIIVANCIAL REPORTS AND ADDITIONAL I)OCUMF.N'�9. Tn�stor wlll providcgo Bencfi�nry�u V T rc�yaest, �
<br /> "' financial statement or inforniatlon Ben�flclary may deem reaaonably necessary.Trustor a recs to si n, eli , d tile nn
<br /> ob l igatione und e r t�h�is�Security Intsuulnent a�nd�6 cnef�icia�ry Ys Uen catus oa thc Property�'COntinue. and preserve Citantor s
<br /> ' � 22. JOINT AND 1NDIVIAUAI.LIA�II.ITY• C0.SIGNERS;SUCCESSORS AND ASSIGNS BUUND. All duties under
<br /> thie Securtty[nstrument are joint and indiv�dual. If Truator eigns thie Secudty Inetrurreent but dces not sign un evidence of �-
<br /> ., debt, Tn►stor dces so only to mort�age Trusror's iaterest in the Property to socure paymene of the Secured Debt and =
<br /> Trustor doea not agx�ee to b�person ly ltable on the Secured Debt. If thie 5ecudty Instrument secures a guarunty be[ween �
<br /> � Beueficiary aud Trustor,Trusror agrees to wnlve any cighta Qutt may prevent P.eneflclary fro bu�n�no ylieuited�ocl�
<br /> ',i. against 'Crustor or any Qarty indebted under the obli�gation. These right� nsay include, y
<br /> anti-defir,iency or on�-acaon lnwa.Truetor agrees that Beneficiery and any parcy to tlile Securiry Insnvment mey satend,
<br /> ~ modify or make aay cbange ia the term9 of this Securtt lnstrument or any evideace of debt withaut Ti rustor's consent. �
<br /> n
<br /> �� Insthruamcent sLall liina�a�flt hBe�sufraess lo geand si�eof Tms�oc and Beneficie��duties ond benefit�of this Security =
<br /> �:�:
<br /> �t: 23. APPLICABLE LAW�SEVERABII.ITY: 1NT`ERPIItETATION.Tbie Securlty Insirument is govemr.d by the laws of the �.
<br /> jurisdiction in which�eneficiary is locatod,except to the extent otherwise required by the laws of tue Jurisdicdou where �
<br /> �. the Properry is located. This Securlty Instrument is complete and fully integrnted. Thia Security Instnunent may not be: �r:•-
<br />- '�'�; ameaded or modified by oral agreement,f!ny secdon in thie Security Instr�unent attachtnents,or any agreement related co
<br /> � the Secured Debt that conflicts with applicable law will not be effecfive,ualess t�at law expressly or impliedly permits the �.�
<br /> vadations by written agreement. If any 6CCtI0D Of lIlIB SCCUlI Insuument cannot be enforce�l according to ite t�rn�s,that ___
<br /> V :;+;; sectlon wll!be severed and will not affect the enforceability o�the remainder of this Security InstnunQnt. Wheaever used.
<br /> � •;. ` the singular shall include the plural and the plural the eingular.'[he captioas and headinge of the sections of this Security
<br /> ' �f tLe essencenin t�his Sec�iu�Ityy�Inat�ntt to be used to inte�pret or define the terms of ehie Secwcity[nsmunent. --
<br />- � � 7d. SUCCESSOR TRUSTEE. Beneficiary,at Beneficiary's optioa, may ftom time to time remove Truatee and appoint a
<br /> L tlie�Pro r nvst hawll tsuucceed to�all the Utley p�owe�r and�uttes�co�e�rr�upohnc'IYu ts ces by�tldSS��uir�ity�Ins nuui eat and
<br />-�'��. , applic,able laN.
<br />_�;'�.': :.:' 25. NOTICE.Unless ottienvise required by law tu►y aotice shall be given by delivering it or by mailing it by first class mail
<br />- • �• to the approprIate parcY's address on page �of this Security Insttumenf,or to any other address desigaated in writing.
<br />�"`°=°�, '.�-�� " Notice to one uvstor wlll be deemed to be nodce to all uustors.
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<br />"�" .:;,,,h,�� Z6, WpIVERS. Except to the oxtent probibited by law, Trustor waives all appraisement and homestead exemption rights
<br />�::��,,.`,,�,��_ � relating to the Property.
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<br />�;,_,��,�,. 27. OrP�R TERMS.If checked,the following nre applicable to this Securlty nsmunent:
<br /> ....;�YhA..,.
<br />�;,a,.;YY ;,� ❑ Line of Credlt.'Ihe Secured Debt includes a revolving line of credit provieion.AlWaugh the Secured Debt may L+o
<br />��:.=�:�,r�y���. reduced to a zero balance.this Sec u r iry I n strument w i l l re m a i n i n e f f e c t u n�l r e l e a sed.
<br />-=---"'+h.° ❑ Construction Loan.This Securlry Instrument secures an obligation incurred for the construcdon of an improvement
<br /> ___;"�'�`'�s;�"� on the Property. -
<br /> '�+{ ❑Fixture Filing.'d'rustor grants to Beaeficiary a sxudty interest in all goods that Grantor owns now or ia thc future
<br />�.�;,,,,
<br /> -�':t�_:,�..;+, � and that are or will become fixtune related to tlt�e Property. 'Ihls SecuritY Instrument suffices as a finenc g
<br />---�_-^`�'�s;.ti„��' statemeut and any catbon,�hotographic or other reproductlon may be filed of record�for puiposes of Article 9 of the
<br /> -�-z°%=�� Uniform Commercial Code.
<br />--°�'_��:�`',�'� ❑ Ridere.The wveaants und agreemente uf each of the riders checked below are lncorporated into and supplement and _-
<br />-^��:±� amend the cerms of thie Security instnunent.[Check all applicable boxes] _
<br /> °=''r�'�a%:�:� C� Condomin3um Rtde* ❑ Plenued Unit Development Rfder ❑ Other
<br /> .......................................
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<br /> ''�'""�"`� �Additfonal Terms.
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<br /> �� �� SIGNAT[JRES: By signing below. 'itustor agrees to the termg and covenants contulned in this Security Instnunent and in any Y-
<br /> ;,�, attachmente.7Yustor also acknowledges rea[pt of a copy of this Securiry Instcument on the date stated on page 1. �;
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<br />— ' . (Stgmtijrc)IaAVID �T. u "�'Tt�RRD (Dats) (SiQnature)tttil2iz �i�A.n.+tuci� ••,•••• _
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<br /> ' " � ACKNOWLEDGMEIVT: =
<br /> , STATE OPN�,��s�1.�i�................................. COUNTY OF �A°l�,�+.............,..............................� ss. ..
<br /> a�w,aaw► .......... �
<br /> This instrument wes acknowlodgod beforo me this......�C�........day of k�35�k'�KX�..��97..............
<br /> � by ,����1�r,.t5'��.�..��.�..................................................................... . �.
<br /> • My commission cxpires: �`�� � '
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<br /> : „ ......�i�. �t.... �i"�!!.'A�FfiiK.1...................... �
<br /> . (Notary Wbltc) •� �
<br /> � fpagn 4 of 41 �
<br /> • m19968aM�n Svaeme,Inc..6t.Clad.MN It•ROO•797•43411 Fam RE�T�NE 011319E _
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