|
. . �' . •,�.
<br /> ' . . . ' - . ���-
<br /> . . , i
<br /> � g?-' i���o�� � � , � �' � . ` � .
<br /> ��
<br /> above described attians or claims. Grantor assigns to Lender the proceeds of any award or claim far ( � ,
<br /> damages connect�d with a condemnation�W��� be a tlked as prov'idedanihps Security I strument.Th s ' �� � '
<br /> proceeds shall be considered payments an Pp , �
<br /> • assignment of proceeds is subject to the terms of any p�ior mortgage, deed of trust, securiYy ; _
<br /> agreement or other lien document. � `
<br /> � 19. INSURAtdCE.Grantor shall keep Property insured against loss by fire, flood, thek and other hazards S
<br /> and risks reasomably associated with the Property due to its type and location.This insurance shall be f .
<br /> � maintained in the amounts and for the periods that lender requ�res. The insurance carrier providing �
<br /> the insurance shall be chosen by Grantor subject to Lender's appraval,which shall not be unreasonably _
<br /> : obt hn�co erage t� protect Lenders ights inr the Property acco d'i ge to the terms of thiss Setu�rty � ` �
<br /> ,. �.�
<br /> �r -
<br /> ' Instrument. ! ' . •- ;
<br /> All insurance policies and renewals shall be acceptable to Lender and shall indude a standard ' �;,
<br /> � "mortgage clause" and,where applicable,"loss payee dause." Grantor shall immediately notify Lender �
<br /> of cancellati endertre uiresi Grantor shal!mmediat ly give to�Lender all reteipu of pa d premiuims and • � � ' ,�
<br /> renewals.If L q . _
<br /> renewal notices.Upon loss, Grantor s ha l l giv e i m m e d i a t e n o t i c e t o t h e i n s u r a n c e c a r rier and Lender. _
<br /> Lender may make proof of loss if not made immediately by Grantor. ��
<br /> : Unless otherwise agreed in writing, all insurance proceeden du�e at lender's op ioneAny application oif � . . •���"--
<br /> of the Property or to the Secured Debt.whether or not th , -- �:T
<br /> � ' proceeds to pnncipal shall not extend or postpone the due date af the stheduled payment nor change �
<br /> ' the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by .. � °��-_-
<br /> � Lender, Grantor's right to any insurance policies and proceeds resulting hom damage to the Property �: �`:: � �
<br /> before the acquisition shall pass to Lender tu the extent of the Secured Debt immediately before the � _.��,�
<br /> ' ' : acquisition. -� .
<br /> � 20. ESCROW FOR TAXES AND INSUItANCE.Unless othervuise provided in a separate agreement. Granto� t� .� -. �';'��. .; .
<br /> wil) not be required to pay to Lender funds for taxes and insurance in escrow. • • � ��
<br /> :::.�t� � ':=-
<br /> 21. FlNANCIAL REPORYS AND AODITIONAL OOCUMENTS.Grantor will provide to Lender upon request, � _ ,I,..L„ , r, . , ,. ,
<br /> any financial statement or information Lender may deem reasonabiy necessary.Grantar agrees to sig�,
<br /> deliveP. and file any additional document b�i rat o s untder this Se urity I st umentiand Lenders lien �'� � :� �r `�
<br /> perfect, continue, and preserve Grantor's o g ' '��_:- �� :c�1 �
<br /> status on the Property. �'' '°" '�•:
<br /> ,� :a=
<br /> 22. j016HT AND IN707VIDUAL LIABIi.ITY; CaSIGNERS; SUCCESSORS AND ASSIGNS 60UND. All duties . : c.�� '1i::,•:
<br /> � - � under this Security Instrument are�oint and individual. If Grantor signs this Security tnstrument but :;-.;�, . �, ,
<br /> does not sYgn an evidence of debt, rantor does so only to martgage Grantor's interest in the Property --->�, r. ; �
<br /> to secure payment of the Secured Debt and Grantor does not agree to be personally liable on the ,�? -•a _
<br /> Grantor - ����-.
<br />� � Secured Debt. If th�s Security Instrument secures a guaranty between Lender and Grantor, .�;, .
<br /> agrees to waive any rights that may prevent Lender from bringing any aaion or claim against Grantor .�r_. . �--
<br /> � or any party indebted under the obligation. These rights may include, but are not limited to, any � ��,;:
<br /> ' ' anti-deflciency or one-action laws.Grantor agrees that Lender and any party to this Security Instrument �. �
<br /> may extend, enodifjF.or make any change in the terms of this Security Instrument or an evidence of � '. __ _ —
<br /> d e b t without Grantor's consent.Such a change will not release Gran��h n d a n d b e n e fi t he su cessors �
<br /> � Instrument.The duties artd beneflts of this Security Instrument sha �
<br /> - an d a s s i g n s o f G r a n t o r a n d L e n d e r. • �
<br /> � �� 23. APPUCA�LE I.AW.SE4�ERABiLITY;INTERPRETATlON.This 5ecu7iry Instrument is governed by the laws ' �..,.;,,�;.�. _
<br /> of the Jurisdtction in which lender is located except to the extent otherwise required b the laws of the . ; .�;�� � -�_-
<br />� 'urisdiction where the PropeRy is locatedendedsor modifiedrby oral agreement Any sfection inath s � . � �`''��:.
<br /> �is Security lnstrument may not be am
<br /> Security Instrument, attachments� or any agreement related to the Secured Debt that conflicts with _ ''�
<br /> applicable law will not be effective. unless that law expressly or impliedly permiu the variations by . _
<br /> written agreement.lf any section of this Security Instrument cannot be enforced according to Its terms, --
<br /> _ . `�; that section will be severed and will not affea the enforceability of the remainder of this SecuNty _
<br /> Instrument. Whenever used, the singular shall include the plural and the plural the singular. The . �
<br /> � ' captions and headings of the sections of thts Security Instrument are for convenience only and are not : .
<br /> � �,•.i to be used to interpret or deflne the terms of this Security Instrument.Time is of the essence in this �
<br /> ' Security Instrument. ' ' . � . . --
<br /> 24. SUCCESSOR TRVSTEE Lender, at lender's option,may frorr9 time to time remove Trustee and appoint
<br /> a successor trustee wlthout any other formality than the designation in writing.The successor trustee, . .
<br /> withoee b�this5ecurity In trurment and applicable aw. all the title, power and duiies conferred upon . . _
<br /> Trust y
<br /> ; . .
<br /> � cr i s:eoso t9is�� (Po9s S o/61 e="'-�
<br /> O 1994&nken Systems.Inc..St C�oud,MN (1 800 397 2301)Form LTH MTLIAZNE 10/1 1/94 _ � '
<br /> --�--- .._ . . . -- � � - . - • �-.-_:.
<br /> ' • � � � � � � � . .�-
<br /> � � . " • " . � , -. �-
<br /> � ' . ' . . . �,:�.
<br /> . . _ . � . � r�_:
<br /> � . _ . . -.�-�---.-�� = --..-...-�------�-�. . . .. �:
<br /> . . --- .. . . . . . .t . . . � ..
<br /> =-�- �-- -�- �- - � � �- � ��_,..- _ _ _ _..�..�.. _- .�� -
<br /> .
<br /> _ �__ ._—_..�..-�..Y. '. ' . • . —
<br /> .. . . . ` � � . --�=" i'- - ..� . .. — _.---" — .__ __ __
<br />. . _ _.�. ._- . . • _
<br /> :��_
<br /> ��—
<br /> .� � .-.. _ �._. . .�. _.��� _.— �.�-..'.... —._— ��_ �.' .��.. . . _ .. . ... . . ' )� S.
<br /> . . . - .. .—_ -
<br /> ' �Gl'[i'� • '.- .. • . • .
<br /> .
<br /> 1_ .. .l. .. ..., . . . . .. . . . � . _ t . . . .. _ n _. . • . �, . � • �. � . .. . �,, , '.1 . ' �y_� ,. . _' .
<br />
|