Loading...
HomeMy WebLinkAbout869998o (7 Jo j abed) 00'T7f7E'66$ 30 INf1OWK SHJ, NI 0002 '8Z 2II81A1aON aS<LVQ SJcN X2TOSSIW021d (a1a `salvp C1unlvut `SW= 1sa.[aluz `slunoury alou `saurvu sJartto uoq s■ 2/371s swap apnpul nor(' imp palsa8$ns sz 1z ntojaq slgap ai /1 'uwauarafat uagM) •suounlpsgns zo suopengipoui `stemma! `suotsualxa .natm1 pe pue mom paquosap !gap Jo aouapina .tagpo zo (s)Xluezeng `(s)1pu.tluoo `(s)alou Xtossituoxd Ike 3o serial alp .tapun plum! igau •d puamn.usur Allmon sill uT pauleluoo spueuanoO aril Jo Slue uuo ;.tad o1 pue Xipnoas s,.tapuaj loalozd 01 luautn11sui 'ilunoas sup 3o sut.tal aq1 .tapun apetu saouunpe o1 ,ijddu you saop uopeiIunj sup `osid •puatutulsui Slunoas slip 0) luensmd open! XJpljen sa5.tego pue saa3 lalpo pue Isatalui apniouT !au sop !mom Jo uollel1tuIj sue, 00• E'66 Paapxa lou Hugs atujl auo Niue le luautntlsui iilltnoas sup Xq pampas lunotue iedlpuud ielol aqi 1 NOIZvOPIgo WIIWIXdb1t „S11adotd„ se o1 pimp! Ike) anoqu paquosap alelsa jean all Jo lied aq `ainpn3 alp uT amp Sue le 10 `MOU Seat 1e11 sluautaoejda.t pue `salnlxIJ `satnlotuls `sluautanoldulj a.znln3 pue 2unslxa ire puu )ipols zalem pue `sagol!p `slg2u ueizudu puu .tapem Itp puu Ijo `slg5i1 pezaulut `sapje.Sal `saoueuoundde `sluautasua `s1g5j1 Ike g1Tm zalla50I DNIWOMM '2JN10D NIOONIrI •W'd HL9 'M8TT2I 6Z NOIJ.OSS 30 i7 /T at Ti /T MS SH,L QM/ /T as Z/T N SEIL 30 III`dd V DNISB S9T ON ,LTId QL DNIQdT DV 'NOISI11IQ8f1S NN2iKd SI TE S;C7I :Xlladoid pagllosap 5uImolloJ aq1 'am 3o zamod gltm `JapuaI of sluetlem pue sa1 3Joul `sitanuoo `sule.teq `spttu15 1og1 )10y! `luatun.tlsui kiunoas sup Jopun aauutuxojlad s,.to2u21.toiN puu (mojaq pau!Jap) lgac pampas all aanoas of puu `pa3pajmoulou Si !plum Jo iiouaTot3;ns puu ldjaoaa alp `uolpu.taplsuoo ajgenjun pue poo5 1od 'aDNVAaANOJ P alp puu (apoD dIZ) 8 5ultuoiiM sa.tnleu2ts :smojjo3 se pauijap st „1g3Q pa.tnoaS„ ma) alu 'SaawwvAQv Qniv lima QSNfiaaS b ELTLSZO E8 'Q'I 21avrdXKzL ZOOE8 AM 'NOSNDVP WMQVOtE 'M 066 '000E XOH 'O'd DNIWOJM 30 gTV,LS SHJ 30 SMVI SILL 2IIQNf1 DNIZSIXS QNV QSZINVDHO S'•IOH NOSN3V.L 30 Mad 2H.L spuatuO'paimou)TOe 1jagl `slo20l.toyAi ieuolllppu 101 'uuang pamodtoDUT umpuappd pagoeppe aqp 01 .10"01 'paratio 3I 0002 8Z 2II8IAIIADN e1' a Buipaoaag aim am sply anogS coeds Jej3 `.ieu6eM auueai• `y 4 .10M) .o N �lM 'JeJewwe) °Bed 9C 'r mope u� IA p /f f je "0077/7/7 .�z w paplooat 46/8 L/ l L AM 31J w.Io3 I 1.4£Z L) NW 'PnolD •15 °ou) 'swelsAS sialues 4661 (350 VA HO VHd "OWIHJ "VWN3 80J ION) 3JVJiH01A1 DNIWOAM ND) (ssaJppy) 2NIdVIkE )121Vd SI`IVd TE Jff1 ((t'noD) le N IcoMIrI uT palEZ0i sT Sisadoid °lZ :smoijo3 se ate `paunba.t J! `s.taqutnu uoileogiluapi xe1 pue sassatppe .ball `saTlied st (luatuntlsui ii1T.tnoas) o2t2iJoysi sup Jo alup al,i, •STI,L d QNd S,LVQ •I (asnuia aouenpd amid 41IM) a9WDZIO1A1 Z00E8 AM 'NOS)DVf ZT68 XOH 'O'd NKW S`IDNIS V NOEDITOL S CIOH :2IODNJ.L1101 2uIuro.&M Jo apels :2I8QN8'I 344 B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender under any promissory note, contract, guaranty, or other evidence of debt executed by Mortgagor in favor of Lender executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All obligations Mortgagor owes to Lender, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Mortgagor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Lender any notices that Mortgagor receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 7. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor's payment. Mortgagor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to maintain or improve the Property. 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims and actions against Mortgagor, and of any loss or damage to the Property. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Lender shall give Mortgagor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 10. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, including completion of the construction. 11. ASSIGNMENT OF LEASES AND RENTS. Mortgagor irrevocably grants, bargains, conveys, mortgages and warrants to Lender as additional security all the right, title and interest in and to any and all existing or future leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases and rents, issues and profits (all referred to as "Rents Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor, is not in default under the terms of this Security Instrument. Mortgagor agrees that this assignment is immediately effective between the parties to this Security Instrument. Mortgagor agrees that this assignment is effective as to third parties when Lender takes affirmative action prescribed by law, and that this assignment will remain in effect during any redemption period until the Secured Debt is satisfied. Mortgagor agrees that Lender may take actual possession of the property without the necessity of commencing legal action and that actual possession is deemed to occur when Lender, or its agent, notifies Mortgagor of default and demands that any tenant pay all future Rents directly to Lender. On receiving notice of default, Mortgagor will endorse and deliver to Lender any payment of Rents in Mortgagor's possession and will receive any Rents in trust for Lender and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Mortgagor warrants that no default exists under the Leases or any applicable landlord /tenant law. Mortgagor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. ©1994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE- MTG -WY 11/18/94 ie (page 2 of 4) 46/8 L/ l L ,1M 910,1 wA d (L4£Z L6E L) MN 'Pn°I3 S 'auI 'swalsAS sa„ >jue8 466 L (f Jo JO pualxa l.0 pugs ledioupd of spaaoold jo uoin:ogddu Aud •uoifdo s,lapua' ig `anp uagl iou to Oaglagm `igaj pamoas am of 10 X1Jadord 3q1 Jo .m dai 20 uollulofsaz aqi 01 poijdd11 aq Begs spaaooid aoui.rnsui IIu `8uuum u! paal8e aslmlaglo ssajun •2081121zoj, Aq Ajalejpauuu! apuur 101131 ssol jo joozd axeur AMU .iapua-I •zapual pue JOTJJ O aauulnsu! am 01 aopou afeip !plum! 011!8 pegs Oo8g8uow `ssoj uodn •saonou lumata2 puu sum1uiaid mud jo sidiaoa2 Oapuarl o1 an18 IClalelpaUnu! ituls 208e811ow `salinbaz Oapua-1 Jr •slemauai pue satailod 0141 pjoq 01 1q&!2 041 anuq pegs tapual •aouernsui am Jo uoiluulu'1al 10 uoilellaoueo Jo Oapua'j Xltiou Alaleipaunui pegs zo8u8fjoj, „•asnela aaiigd ssoi„ `aiquaiidde a.zagm `puu „081111'0 08118110112„ plipuels 11 apnjoui pegs puu Oapua' of 0jquldaaoe aq pugs siumauaz pug saioijod aouulnsui Itd •ivaumzlsur Alunoas sigi jo suuai am 01 81ipzooau AiJodo.d 0141 u1 sig8u s,lapuarl 10a1o1d'ol a8nlanoo ululgo `uoudo s,.apual lu 'Auu1 zapua-1 `anoqu paquasap ammo a41 ululutu1u 01 siju3 1o8e81101AJ Jr •pjaglilm iCjgeuoseazun aq iou pugs goigm `juno1ddd s,lapua-r 01 loofqns xo8u8f1oAAl Xq uasoga aq pegs aouuznsui ag18ulpjnold Oautua aouelnsul aqj •sazinbaz tapuaq "um spouad 041 .o3 pue slunoule 0141 u! paulululutl aq pugs aouuznsur siq,l, •uoifuooj pue ad,il sli of anp ,C11adoJd all 41im pamoossu Alg11uoseal s)lsp pug sp.ezeq 1x410 pug 1 `pooh `0211 dq 8801 1sule8e paznsui iClIadozd dam !legs Oo8e811oY4 •3amvlif1SNI •luaulnaop tall 101110 zo luau1aa18E iCiunaas `181111 Jo poop `a8e811our zoild iiu13o SIUJ01 041 01 laafgns s1 spaaoold jo 1uamuu8issu slat •luarunJlsuj ,ilunoas sup 11! papjnoJd su paildde aq iurm pu11 sluaulAud palapisuoo aq hugs spaaootd Bans •,il1adold 04130 1111d iiuu 20 II11 JO 8upjuf Jag10 to uorl11uluapuoo 1 g11M palaa11uoa sa8uurep 10j 111111'0 Oo plums fun Jo spaaoozd 0141 Oapuai 01 8118'8811 to8e81i0JA •stum0 Jo suojlau paquasap anoqu a41 Jo iiuu u! aumu s,1o8auoY4 111 auanlalu! 01 Japua'l sazuolln11 Oo811811orAi •SU11at1 10410 Slag 10 `upulop luautula `uop11uu'apuoo q2naup ,ilzadozd alp JO 1111 10 ,Cut 031111 10 asugolnd o1 sa!1!1ua oijgnd 10 al11npd ,iq `11011311 p0Llalga1gl JO 8uipuad Cue Jo aapou ldurozd Oapua(l an18 •me j111uauIuo21nug Auu Jo uopuloin aril 10 aou11lsgns snopluzul-I situ Jo amp.' paualua141 to amp.' 0411 01 811!111101 8uipaa0otd to `1141110 `uol111811sanui pa1101110141 10 8ulpuad X1111 sr a1a41 anaijaq o1 UOS11a2 s11g 1O8118110yA1 SE UOOS s11 8u1111m ti zapuarl ,tjaluipaumui Bugs 1o8u81101% •u mug j111110111UOJIAug AUE slim a0uep100011 u! uopou luipaural k111ssaoau tie aNul hugs 1o8118uow `luana 1111 irons ul •iC11ado.rd 041 8u!utaouo0 muZ jefuau1uolinug Cue JO u0j111j0jn 11 si a1ag1 Jo Iflladotd aql inoge JO lapun `uo mom aouefsgns SnOp111z11H 11 ;o amp.' pawl 10 amp.' 1131 Oapua•I ,iJOou ij Begs Jo8u8110j ,J •a •mu l j11luauruollnug ajgeoildde /Cue 141rm aouurjduloo jjn3 ui 1111111102 hugs puu `am `uaaq aneq 111111101 S10A0 pu11 1o8u81tow `Oapuag o1 8uilpm 111 pa8palm01113u puu pasoj08ip ,Cjsnolnald se ldaoxg •ll •A11ado1d am JO aaue11011111111 puu 0811'1111'2011 041103 al11udoldd11 aq 01 paziu800al AT Pzaua8 ate 1 saou isgns snopluzuH Jo sa11lluunb Hums o1 Aldd11 1011 saw uopa111sa1 sun •1ivadOld 041 11! JO 110 pas11ajal zo pawls `pa111a0i aq rpm 10 s1 aou111sgns snopz11z11H ou `zapua'l 01 8upum 111 pa8palmouspu puu pasojoslp 1 Isnolnald 811 ldaoxg •d :1e141 saa18u puu s1ue11em `Sluasaldal 1021181101N •m11'l 111fuatuuol!nug 1(1111 zapun „aouulsgns snoptuz11g„ 20 „a18gm snop111zeq„ „`saouulsgns m1x01, „`repaint' snopluz11q„ s11 paugap sa0u111sgns /Cut `uo11111lunj 1no411m `sapnjoui u11a1 04j •1ua111u011nua JO a111ljam `ii1a311s `41j11a4 oijgnd alp 01 sno1a811up 411i111310d JO snoJa2u11p aouelsgns all Japual 14oi4m s011si1a1011111go SKI 40!gm ureujuzeluoo JO luglnilod `a1sem `ler10111111 snOpluz11q 10 anil0uoip11l `01x01 !Cue sueaul aou11lsgns snopl11zuH (z) pue `aau11lsgns snoplezug 11 10 luaulu01!AU0 `01112tam 'Maps `41111011 :wind 041 8111u1aouo0 8101104 anllatdialu1 to suo1u1do I111aUa8 itau101111 `slaplo 111103 `saau11trplo `suoj1111n2a1 `SM11j 111001 pu11 a1111s Ielapaj 1a410 jig p1111 `(•bas 1 a 1096 •a•S "fl Zb `N'IDNga) 13V iclijig111'I puu uopesuadu'oa `asuodsoj 1111uauruolInug anisuagalduloa all `uoj1111iu1111no11!m `suuaul m11Z jeluauruollnug (I) `110!'308 sill u! pasn sd SaDNV.LSIIf1S Sf1OQ21VZ\H (INV SMV'I 'IVIN[L%INOMANd '91 •08110101 gm Jo slsoa uoll11pzooa1 Sue JOj /Cud 01 Saa1811 1021121101 1 •pas11ajal 1111111 100 11! ui11umal Bugs luatuntlsul 1iilmoas sun •1apua•I alp Jo aaSojdula p0r.111111s 11 1oj 8003 ,sitau1o1111 apnjaul lot saop lunoul11 spa •sasuadxa 111801 10410 puu 'moo MOO `saaj ,8X011101111 ajg11uOSea1 `01 p01111f1 lot s! 1nq `apnla11! Amu lunotuu sign •luaumzlsul ,flpnaas S!411apun salPau2a1 puu sig8u s 8u11oa1otd 10 8uia1ojua '2u110a11o0 u! Oapua' Xq pallnou1 sasuadxa puu 51503 ire Xud Ol saa1811 108118110 A4 •lgou patnoas 041 JO S1111a1 all 111 papinold s11 papa 111 01111 1S0101u! 18048!4 041 111 14113 111 mud piun 1uau1ii11d all Jo amp all map 1sa101u1 111a i iium sasuadxa asag, •18010111! Xlunoas s,lapua' puu Xltado1d all 8u930101d asim1a410 zo 8uTAJasald `8ulloadsu! `8uunsul 10j zapual ,tq palmnouj lunoul11 Xue puuurap uo Xud osj11 Iiim 108e2uow •1uauIn11sul X11m3as s141 111 1u1111anoa X!11 sa4a11014 1o8118110}A1 3i sasuadxa s,lapuaq 3o pe A11d o1 Saa1811 Oo8e81zoIN 'mut Xq pauglgold ua4m Ilim to8118uoini 'NOI.LVNb1IIQNOa 'Li '81 ldaoxg 'S,LSOD NOLLag'I'IOD !Sdd,I ,SA1NUOilV !SZNVNaAOD NO SADNVAtIV IsasmadXa 'SI 'u1uau suaddeq zo sanupuo0 1j J! 11n113ap 11 lima 041 Oaplsuo0 101111 01 114811 s,lapu0 4 anr11m 1011 S0op tapual `ilnejop s,1o8118uorAT uo Xpaumz Xue 8ursrotaxa 1011 Xg •ljnujap 8u1islxa X1111 Jo aim alajdulo0 ajinbal 01 14811 s,lapua-1 Jo 13nr11m 11 011111181100 1011 hugs paj1j ale s2trpaaa0ld alnsolaa1oj 1013e 10 pa111101aaa11 s! 10 anp si a0uujuq 0111 1a1I11 1qa( pampas 041 110 1uat2X11d 1e11111d Jo 1uaunX11d ui inns Xue Jo Japua-1 Xq aou111da0011 04j •111101 las Xjssaidxa lot 10 1aglagm `,Clinba 20 mn1 111 papjnozd sarpaulal Iju o1 pa1111ua Si 10P110l 041 pug `anjsnjaxa 1011 p1111 anilejnulna lou!lsjp 0111 salpau101 IIV •X11ad01d all 1pas of lamod 0141 `uoj1111ju'jj lnoglim `8uipnl3ui sluaulnaop mural Ain pug luaumzlsul X1!moas si41 '1g0u palnaas alp JO slulal 0141 'mel Xq papinold sa1patual alp i111 01 pa1111ua aq hugs Oapuarl `uopippu ur •00131101091 au111Xue 10 1jn113ap 11 Jo 00ua111133o 0141 uodn `m11I Xq palrnbal 2! aarlo11 81.1rn18 1a1Ig `ajquX11d puu anp X1a111jpautu'i aulooaq hugs 1ud10upd puu 1sa1a1ui p0110011 `sa8luga puu saaj p001& all Jo 1111d Au11 t111 `tapua-1 Jo uoiido all 1d •ljnejap 111 sr zo81181Joj JI m11j Xq papinold 1011u11u111 111 luau1n11sul Xlrtnaas sup asolaat0j pug igac palnaas alp al111010aae X11111 lapua'I `X1111 ;1 `suop1111u1i1 asa41 01 laafgns •suopoe alnsojaaloj 10j salnpag3s a1z1r1 gsijg11lsa Xuu1 pun saarl0u Ja410 0o atno 01 14811 am JO aarl0u slim 1o8e811oAV apinold 01 lapua'I aunbal 11!M mei alms put 1111apal `803111118111 at'os ul L111V,Iaa NO salaam a 'PT •11n11Iap 3o mono 111 ain111suo3 osj11 pugs paqudu'! si Xuadoid 0141 Jo 01141111 alp 10 luau2X11d X1111 JO 13adsold all 111141 JO iqoa pampas 0141 uo pa1u811go X111110 10 uosiad Aue 01 l3adsaz 41tm 011130811! SI 011111 X1111 le zapua'I 111141 tapual Xq 3atiaq 41j11j poo8 d •lg0U patnoas all 8upcureJun8 10 8upnoas `811!111010 3o asod. nd 0141 1ol paln3axa luaurn3op 1a410 Xte 00 luaum2lsul X11'11008 sup Jo sunal 0411apun mom 14311a1q 11 I! ljnujap u! oq 'pm 1o2u81J0J I anp ua4m luau2X11d a?.Ieu' 01 841113 1gaa paznoas alp uo pa111811go X1111d X1111 I! 11n113ap ui aq 11!m 1o811811oY4 •,L'IfivAga '£i luothdoYanap 11T pa 4 „n 1; opuo3 alp 3o suoj111ln8a1 10 `sm11j -Xq `sluuuano3 all lapun saiinp s,1o811811oyv 3o ir e uuio30ad JITM 10 `1uaui Iojo,*ap klun pauuuld 11 10 umrururopuoo 11 111 'run 11 sapnlau! X1lado1d 0111 2I plogaseaj 11 110 s! luaumOlsul 'lim3as sit!) 3T aseal 311 suo!sinold 0141 g1IM Xjdtloo 01 saa1811 zo8118u0AA1 'SINaI^IdO'IHAaU LINf1 QaNNV'Id ISfIIOHaSVa'I 'ZI 346 postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Mortgagor. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. 19. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 20. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and Lender s lien status on the Property. 21. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor' s interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Mortgagor, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation. These rights may include, but are not limited to, any anti deficiency or one- action laws. Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. 22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this 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 written 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 Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 23. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first 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 mortgagor will be deemed to be notice to all mortgagors. 24. WAIVERS. Except to the extent prohibited by law, Mortgagor waives any right regarding the marshalling of liens and assets and all homestead exemption rights relating to the Property. 25. 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 reduced to a zero balance, this Security Instrument will remain in effect until released. Ea Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Mortgagor grants to Lender a security interest in all goods that Mortgagor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may 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 this Security Instrument. [Check all applicable boxes] Condominium Rider Planned Unit Development Rider Other Additional Terms. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortgagor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. (Signature) ROD E TURGEON beiltd •:9 of Wok Wyoming Commission Emik je„ timber 13 20n2 ACKNOWLEDGMENT: STATE OF .W .QMINQ COUNTY OF 7 1 �1 (Individual) This instrument was acknowledged before me this 2 $'f day of by YQP. E.:.. O y commission expires: 'Z? ©1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 s s. NQV M ER, 2000 (Notary Public) (Date) (page 4 of 4)