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<br /> : . . ; , 41S..YT..1�TS......:.....».........:.........................13H8N1L. ST.AD��--..................... . ,
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<br /> ' J.` � Together with all righrs, easements. appurter�ances, royalties� mineral rights o[I and gas rlghu, atl �'
<br /> • ' water and rtparian r�ghts. ditches, and water stoctc and all existing an� future improvements
<br /> � . . stnutures,flxtures,and replacements that may now, or at any tirrae in the future,be part of the rea� :� �, .,. �;,•
<br /> `�� • - estate described above(alt referred to as°P�roperty`). � � _
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<br /> '� `� ` �'' 3. M6IXIMUM OBUGATiON LIMiY.The total principal amount secured by this Security Instrument at aay . ,
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<br />�� ' •; � ` r.
<br /> :� _ . one time shail not exceed$...............7.2�882..AS..-•••••••••••••••••This limitation of amount does not include � • �� .: �
<br /> - - ' interest and other fees and charges val[d�y made pursuant to this Security Instrumen� Atso, this ,: •��
<br /> ` limitation does not appty to advances made ander the terms ofd.�hls•S�uri�11 Instrument to protect .�`�����7�` _
<br /> � r.. , .«,� :
<br /> � , Lende�s sewrity and to per(arm any of the covenants contaiaed in tiiis S�riiy InstrumenL ..�.a�;__
<br /> .�.. . . ,
<br /> � 4. SECURED DEBT AND FU'fURE ADVANCES.The term"SecurQd Debt°is defined as follows: � . �Y-�-
<br />-`� .� A.Debt incurred under the terms of all promissory nate(s) contract(s) guaranty(s)or other�vtdence . _
<br /> '�j: � of debt desuibed belaw and all their extensions,renewals,modlHcatians or substitutions.(When `
<br /> � referencing the debts below it ls suggesteQ ihat you 1»clude Items such as bvrrowers'rtames,note ,�`��
<br /> � � � ' . amoums,Inierest rates,maturity dates,etc.) . it<_�,
<br />~,� � � A aote/home iaprovemsnt retail insta�.lmeat contract executed ,� -,--. g`_�-
<br /> , ' �",:- � �- ao �i`�__`�- .� ...
<br /> by the borsower(s) / graator(s) oa� � ' ���-
<br /> ;� • "'.,ti.: . �
<br /> �� B. All future advances from Lender to Grantor or other future obligations of Grantor to Lender under . "
<br />,;� � any promissory note, contract,guaranty,or other evidence of debt exewted by Grantor in favor �'`��=�_"_
<br /> �r � � -' of Lender executed after this 5ecurity lrtstrument whether or not this Security tnsw�uent is
<br /> < .�-...�.
<br /> cu
<br /> speciflcally referenced. If more than one person stgns this Security Instrument, each Grantor ��•����i...,�
<br /> ag�ees that this Sewrity inscrumen t wi l l se cu r e a t l f u t u r e a d v a n c e s a n d f u t u r e o b l i g a t i o ns that aze ;:�:'.��;
<br /> given to or incurred bY any one or more Grantor, or any one or rr+ore Grantor anc�others. All �� �.,:
<br /> ., . � future adva�ces and other future obligations are secured by this Security Instrument even though � �-.
<br /> • all or part may not yet be ad�anced.All future advances and other future obilgations are secured .
<br /> � ' as if made on the date of this Security Inst�umenL Nothing in this Sewrlty instrument shall �� �r_:
<br /> constitute a commitment to make addittonal cr futu�e loans or advances in any amounL Any such =:'•=����-
<br /> '� : _ ,�.
<br /> ° � commitment must be agreed to in a separate writing. , , � �
<br /> �'� � C.AQ obligations Grantor owes to Lender,whicb may tater arlse, to the extent not prahi6lted by 1aw, �� , '-.;'!�`�
<br /> 'f � , includiag, but not fimited to, iiabilitles for overdrafts refating to any deposit account agreement �_��
<br /> � � � r' between Grantor and Lender. ���=
<br /> � ' , D.Ali additional sums advanced and expenses incurred by Lertder for insuring preserving or �'� :Y r���
<br /> otherwise protecting the Property and its value and any other sums advanced and expenses ._.,�fr�
<br /> ' incurred by Lender under the terms of this Securlty Instrument. � . .-�.,,,
<br /> � This Security Instrume�t will not secure any other debt if Lende�fails to give any required notice of the =
<br /> -��� � right of rescission. � :'�'��-
<br /> � S. PAYMENTS.Grantor agrees that ali payments unde�the Secured Oebt will be pald when due and in :�
<br /> accordance with the te�ms of the Sewred Debt and this Sewrity Instrument. � .,.4.N
<br /> � 6. YdA�°J�tRtTY Of TITLB Grantor warrants that Crantor is or will be lawfulty setzed of the estate ; - -
<br /> � � conveyed by this Security Instrument and has the right to irrevocably grant, convey. and seti the � . ,. . .
<br /> Property to Trustee, in trust, with power of sale. Grantor also warrants that the P�operty is
<br /> � unencumbered,except for encumbrances of reeord. . .
<br /> �� o h1eRlien�document�thaESc eatedha prio�securlty lnteres�oraeneumbrance on' the Prope9rtyeG an or • .
<br /> . � . agrees: . . � �
<br /> `_�.
<br /> A. To ma!<e all payments w►hen due and to perform or comply with all cavenants. �
<br /> �?"�,� . � B. To prompity defiver to Lender any notices that Grantor receives from the hotder.
<br /> . , �� oragreem nt ecu edibyth lien docume t without Lender's prlorfwNtten con ent under any note .
<br /> �e a gro�ds rents�Nut litles�andaotheW chargesl�relating to theeProperry'when due�Len�der Smay�quire .
<br /> �•_
<br /> �1994 8ankea Syttema,Inc..St Cloud.MN f�800 397 2347)Fortn LTN MTUAINE 10/11/94 GT 15•28490 f9/94) (P�Se2oJ 6J � : '
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