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<br /> Unlcss othcrwisc agrccd in writing,all insurancc procecds shn11 bc.ipplicd tu thc rastarution or rcrn�ir of thc Propcdy ,...
<br /> ` ' or to the Sccured Dcbt,whcther or not thcn due,at l.cndcr's option.Any Application of procecds to principal shn11 not
<br /> ; • , extend or postpone thc due datc of the schcduled pa;•mem nur changc thc umount of nny paymcnt.Any cxcess will�c ,�
<br /> '� paid to thc oruntor.If thc Property is acquirc d b y I..c n d c r, G r a n t o r's r i g h t t o a n y i n s u rnncc pnlicics And procccds
<br /> ��•; resulting from dnmage to tlic Pro�erty before the ncquisition shAll pnss to Lender to►hr cxtent of the Sccured Dcbt .
<br /> r� immcdiatcly heforc thc ncquisition. ''
<br /> �•;''.'r'•��. Z0. ESCROW FOR TAXES AND lNSURANCE.Unless othenvise providcd in a scparFde agr�cment,Gn�ntor�vitl not �._
<br /> - _- -� �� be required to pay to Lender funds for taxcs and insurance in escrow. �.
<br /> _���� 2 1. F[N A N C I A I,R E F O RTS AND ADDiT'IONAL DOGUMENTS.Grantar will provide ta Lcndcr upon rcqucst,�ny
<br /> a financial statement or informatian Lender may deem reasona b ly necessa ry.G r a n t o r a s r e e s t c�s i�r,d e l i v e c.A n d f i l�
<br /> � ' any ad di►iona l documents or certifications thut Lender may consider necessary to perfect, continue, and preserv� _
<br /> � �� � Grantor's obligatians undcr this Security Instrument and I.ender's licn status on the Property. �
<br /> �• '�, 22. JOIIVT AND INUI�/IDUAL LIABYLlTY; t:0-SIGPt3CP.5;SUCCC�SOR� AN�ASSI(yNS BOUNDo All dulics ,�.�
<br /> t . under this Secarity Instrument nre joint and individual. If Grantar signs this Security Instrument but does not signan
<br /> evidence of debt, Grantor does so only tu mortgage Grantor's interest in the Property to secure payment of ihc
<br /> " '? Secured Debt and Grantor does not agree to be personally liable on the Secured Debt.If this Secur�ty Instnemen t
<br /> securas a guaranty between I.ender and Grantor.Grantor agrees to waive an�rights that may prevent Lender from
<br /> bringing any sction or claim against Grantor or any parcy indc:bted under the obligation.These nghts may include,but
<br /> are not limited to,any anti-deficiency or one-action laws.Grantar agrees that Lender and any party to this Security
<br /> ' �� '. � Instrument muy extend,madify or mak�any change in the terms of this Securiry Instrument or any evidence of debt
<br /> without Grantar's consent.Such a chang�.will not release Grantor from the term,s of this Security Instrument.'Ihc
<br />� • ,��;`,•'� : duties and bene6ts of this Security Instrument shaU bind And benefit the successors and assigns of Grantor and L.�nder.
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<br /> ,.,�.±.,,:,t ;; ?,�. APPLICABon n wUi h I.endeABl�PI'Y;dINT�pptRE heex�nt othenv senrequ red by the awrs of he j�ah sdic nf
<br /> ��` the junsd�
<br /> ;.._r,,• ' where the Property is locnted.This Security Instrumen¢is complete and fully integsated.This Security Instn�unent m�y
<br /> ' not be amended or modiCied by oral agreement,Any section in tliis Security Instrument, attachments, orer:y
<br /> � "". agreement related to the Secured Debt that conflicts with applicable law will not be effective,anless that lnw expressly
<br /> _�, •�.,. or impliedly permits tho variations by written agreement.If any section of this Securiry Instrument cannot be enforced
<br /> � according to its terms,thAt section will be severed and will not affect the enforceability af the remainder otihis
<br /> . _::.. �, Security Instrument.Wlnenever uscd,the singular shall include the plural and the plural the singular.The capcionsend
<br /> headinRs of the sections af this 5ecnri¢y Instrument are for convenience only and aze not to be used to interpret or
<br /> "�-�'�' '� define the terms af this Security Insinr;nent.Tuae is af thc z�:.ncc ir.this Sez!srty lnc(r��mett2.
<br /> �:Y��Y _
<br />�•�� "" 1,• 24. 9UCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee and appoint a
<br />-i"��'"�'"``''1 successor trustee without any other formality than the designatian in writing.The successor trustee,w�thout
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<br /> =- :L:�%`� conveynnce of the Property,shnU succeed to all the title,power and duties canfened upon Trus[ee by this Secun iy —
<br /> '�`ai��'''•'
<br /> i. ,yc:_b,. Iastrument and applicable law.
<br /> -'"'�`"'a''[.-f� ' 25, NOTICE.Unless otharwtse required by law,any notice shall be given by delivering it or by mailing it by Cirst class
<br />_-�r`'3(�7.MI�C�i
<br /> - mail to the appropriate party's address on page 1 of this Security Instrument,or to any other address designat�A �n
<br /> ������-� writing.Notice to onc grantor will be deemed to be notice to all granton.
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<br /> _;_s,4.;� 26, WAIVERS.Exccpt to the extent prohibited by law,Grantor waives all appraisement and homestead exemptiou' ts
<br /> _-V��� relating to the Property.
<br /> __-..�T.�.,� 27. OT'EiER TERN[S.If checked,the followin�aTe applicable to this Security Instrument:
<br /> -----•— � Liae ot Credit.'The Secured Debt includes a revolving line of credit provision Alti�ough the Secured Debt
<br /> ---_===^� may be reduced ta a zero balance,this Security Instrument will rema9n m eifect until released.
<br /> -���� ❑ Construction Lwa�. This Security Instrument secures an obligation incurred for the construction of An
<br /> - �=� improvement on the PTOperty.
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<br /> _ ❑ Fyxture Fi(iug,Grant9r grants to Lender a security interest in all goods that Grantor owns now or in Etie
<br /> — future and tliat are or will become fixtures related to the Property.l'his Security lastrument suffce�as e
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