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<br /> � � Unlcss othcrwiso agrccd in writing,all insurnncc procccds shnll bc npplicd to thc restoration or rcpnir of thc Property -
<br /> or to the Secured Debt,whe2her or not then due,at I.ender's optinn.Any applicatian of procceds to principal shall iiot •
<br /> � cxtend or{wstpone the duc date ot►he scheduled payment nar cha+nge the umuunt of nny payment.Any cxcess will he .h.-
<br /> "'� paid ta the t',rnntor. If the Praperty is ncquired by Lender,GrAntor's right to any insutance poiicies and procceds
<br /> .• � resultins from damage to the Property bofore the ncquisition shall pass to Lender to thc extent of die Securcd Debt _ _
<br /> immcdiatcly bcforc the ncquisition. �
<br /> M��� 2(1. ESCROi�V FOR'`["AFCI"r.5 EiP1� �N�QI�IAIVC�.Unlcss uti�envise provided in e separatc agreement,Grantor will not ��',:
<br /> � •.. he required to pay to Lender tunds for tuxes And insurance in escrow. �--
<br /> =�� 21. F1NAN�IAL R�PORT9 A1VD A�DITIONAL D�LUMENTS.Grantor will provide to l..endcr upan request,uny �J,.
<br /> financial statement or intormation Lender may decm reasonably necessary. Grantor agreGS to sign,dcliver,and file ��:•'.
<br /> '� any additional documems or certifications that Lender may consider necessary to perfect, continue,and preserve __
<br /> .. � Grantor's obligatians undec this Security Ynstzument and L.cnder's lien status on the Property. '_
<br /> ZZ. JO1NT AND INDNIDUAL L1AI31LITY; CO-SIGNERS;SUCCGSSORS AND ASSIGNS BOUND. All duties
<br /> � under this Security Instrument are joint and individual. If Grantor signs this Security lnstrument but docs not sign an -
<br /> a�• evidence of debt, Grantor does so only to mortgagc Grantor's interest in thc Property to secure puyment of the
<br /> �• Secured Debt and Grantor does not agree to he penonally Gable on the Secured Debt. If this Secunty Instrument
<br /> ' secures u guaranty between Lendcr and Grantor,Grantor agrees to waive any rights that may prevent I.ender from —
<br /> , bringing any action or clnia� against Grantor or any party indebted under the obligation.These rights may include,but _
<br /> are not lumted to,any anti-defciency or one-action laws.Grantor agrees thAt Lender and any party to this Security _
<br /> - Instrument may extend,modify or rnnkc any chan�e in the terms of this Security Instrument or any evidence of debt —
<br /> without Grantor's consent. Such a chnnge will not release Grantor from the tcrms of r.his Security Insuument.Ttie �__
<br /> duties and benefiu of this Security I nst�ument shall bind and beneGt the successors and assigns af Grantor and Lender. `_
<br /> 23. APPLICABI.L LAV4r;SEWERAB�LITY;IIVTERPRETAT'ION.This Security Instrument is governed by the la��•s of
<br /> ��:• :�;, '. the jurisdiction in which Lender is located, except ta the extent othenvise required by tl�e 1aws of the �urisdiction _
<br /> where the Property is located.'Iliis Security Instrument is complete and fully integrated.This Security Instrument may
<br /> not be amended or modified by otal agreement. Any section in this Securira Instrument,attachments, or any _
<br />.,., ;_,,. � agreement related to the Secured Debt that conflicts with applicable law will not be effective,unless that law expressiy
<br /> � or impliedly permits the variations by written agrcement.If any section of this Sr.curity Instrument cannot be enfarced —
<br />="�''•` according to iu terms,that sec�ion�vill be severed and will not �ffect the enforceability af the remainder of this
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<br /> - x Security lnsuument.Wheneverused,tite singular shall include the piural and the plural the singular.The captions and —
<br /> �;;�.. headings of the sections of thi3 Security Instrument are for convenience only and are not to be used to interpret or
<br /> �'_,_.,�.�:- �+Q�r��,p rP.mc of thic 5ecurity Instrument.Time is of thc essPnce in ttus Security Instrument.
<br /> �;,�,,:•,� � 24. SUCCESSOR TRUSTE�.Ltndcr,at Lendcr's option,may fTOm time to time remove irustee and appuiut a
<br /> �;;y•�r...,,; successor trustee without any other formality than the ower and dut e confe red upon Trustee by tl�is Security
<br />���;F,`;t•��;, ' conveyance of the Property,..hall succeed to all the title,p
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<br /> �-rr. Instrument and npplicuble law.
<br /> —__�,".;,F:': 2a, iV0'i'[CE.Unless othenrise required by law,any notice shall be given by del+vering it or by mailing it by 6rst class
<br /> `�,_�:��"�: mail to the appropriatc party's eddress on pagc 1 of this Security Instrumen3,or to any other addless designated in
<br /> -_�� writing.Notice to one grantor will be deemed ta be notice to all grantors.
<br /> :,,n.�a:�-.�n 26. WAIVERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestcad exemption rights
<br />-=-�.��+��. relating to the Pmperty.
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