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<br /> ' Unicss othcrv�isc ngr�cd+ii wFit�n�,t�ll insi.ir�nr�:pror,secis shnll uc u�,plicd to the restc�ratiun or rcp.+ir of thc Properly
<br /> ar to thc Sccurecl Qcbt,whcthr�ur not then dun,nt[��ndcr's nption.Any appliration of procccds to principal shall not
<br /> extend or pastp��c th��luc dirt�:of tlic sctiedult�d pa3�ment nor chunge thc amount of any paymcnt.Any exccss will bc
<br /> �„ paid to the Gra;�tor. If ti�e Fnr.��ecty is�cquired t►y L.cnder, Ci��ntor's right to any insurance policics�nd procec�s
<br /> ' resulting irom damngc to tha f iu��rcrty befor��the iicr�ui��itio��shall pns�to Lcnder ta the cxtcnt of th�:Sccured Debt
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<br /> _ inmtcdiutcly betorc thc i1C(�Ullll[8OR.
<br /> ��� 1A. ESCROW hOR TAXFS AMlU IfVSiUYiAt�ICIi.Unh:ss uthcrwis��ruvicled in a scp�ratc agrcement,C�rantor will nat _
<br /> be rec�uired to pay ta I.ender fNrtrl�►for taxes nnd inF��rance in escrow.
<br /> -�^+'""'�`� 21. F1N�#NCIAL REPORTS Aa'N1D AD�I['YYOPVAL�UCUM�N'i'S.Grantor�vill providc tu Lcndrr upon rcqucst,any �:
<br /> �� �nancial stntement or infarrn�ta�n l..cnder mfly di'•{zm reasunably ncccssary.Gruntc�r egn:cs to sign,dclivcr,und tile _
<br /> � d any additionral documents c�r certifications tttAt l.ender may consi�ier necessary to perfect,continue,�+nd prescrve
<br /> ; '�• G�antor's obligutions under a�is Sccurity Instn�ment:snd L.cndcr s lien staws on thc Property.
<br /> � 22. JO1NT ANU INDI�IDU,�te➢.�i.�A61Q.I1'Y; CQ•�f1GNERS;SUCCESSO�iS AND ASSIGNS BOUND. All duties _ _
<br /> t under this Security Lnttrumt:rtt ar�joint and individuFil.If Grantor signs Ihis Security Instrument but does not sign an
<br /> ,� evidence of debt,Gru�itor�ucs ao anly�to mnrtf;n���:r:�ntor',s interest in the Property to sccure payment of tt►e
<br /> ;' Secured Dcbt and Granta�•dues not agree to be ��crsonally liablc on the Secured Dcbt.If ti�is Secunty Instrument
<br /> " +� sccures a guaranty betwecin.Lender and Grantnr,Grnntor ngrces to waive any rights that may prevcnt 1..ender from
<br /> �•• bringing any action ar claim 1�nirtst Grantor aT any�arty indebYcd under the�bligation.These nghts may include,but
<br /> � � -;;� are not limited ta,any anii•d�:fr.iency or ono-�etic�n laws.Grantor agrees that Lender and any party to this Securiry _
<br /> Ii�stru►uent may extcnd,m�iCy�r make any chan$e in tlie terms of this Security Irrstrument or any evidence of debt
<br /> withaut Grantor's eonsent: Sucfn a cha�ge«rill noi release Grantor fna�i the terms o[this Security Instrument.'I'he
<br /> �� � � ��: duties and benafits of thiu 5ecurity Instrument s1�a!!bind and benefit thz successors and assigns of Grantor and L.ender.
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<br /> 23. A���,ICAI3LE LA.W;��"vA:�i�►SILITY;Il'VT�I�J?�E'Q'�TI�D1V•"ff'h's Security Instrument is govemed by tlie laws of
<br /> - �• the jurisdiciion in wi�icl� i.xun±��e w��n«�1. c�cc;�t te th�extent ethenvise rcquired by the laws of the juri�diction
<br /> � �vhere the Properiy is lUa:at�.d.This Securir,y�mstrument is complete a�r.j,fi+l1y integrated.'I'his Security Instrument may
<br /> � nut be amonded or mra�Ffied by oral a�i�:�:ment. Any section iae qhis Sccurity lnstrument.�tzachments, or any
<br /> . agreement relnteA to tha Secured Debt th�t c�►n(Ifcts witl�appl'ccriblc l:��v�vill not bc eifective,ua?��+that law expressly
<br /> �. ,. • or impliedly�permits tha v{�rii�tions by wriuon apnc:e�nent.If any section of this Security instrument cannot be enforced
<br /> :'�:- " according to its terms, t�hat.section will b� sovered and will not affect the enfoe�.eability of ihe remainder of this
<br /> ..�„�,. '
<br /> ''�'�, Security Instruament.W'aenever used,the singular s)aall include the plural and the�iural the singular.The captions and -
<br /> `-��� ��•� � headings of th�sectiona of t6�is Security lnsln�ment are for convemence only an� Are not to be used to interpret or
<br /> :_;,�:
<br /> = dcGne tiiC tcru�s oF ihis 4�ecu::t;Ln�t*•�rnzn�-'�'t�r.ix�f the essence in t1�is Secusity nstrument.
<br /> �=:�,�`'��^�- 24. SUCCESSOR TItUSTil�.1G. Lender, at Londr.r's option, may from timc to tifne remove Trustee and a��oint a
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<br /> �,'':`�s n-„ successor trustee withc�u¢ any other formality than tht designation in writi��.The s�iccessor trustee; e-s�t out
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<br /> �u�">.�:�'-; ' � canveyance of the Pra���rty,shaU succeed to all the tiY]e,powcr and duties confer.�r�d upon'I'rustee by r�?is��curiry
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<br /> ��:-� * Instrument and npplicuit�lu luw.
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<br /> ---«=��i� Z5. NOTICE.Unless otha�tidsse nequired by lg�;�,any notice shall be g'sven by delivering it or by r.nailirtg it by ii�st c ass
<br />-=-='�:,r��'� mail to the appropriatu p�acty's address on�rnge 1 of this Security Instrument,or to any other address designatesl in
<br />--;r_�� writing.Notice to one�Crantor will6e deemf�d to be notice ta all grant4rs.
<br /> _'���°•=�L�� 26, VyAiVERS.Except to�ttne extent prohibited by luw,Grantor waives al!appraisement and homestead exemptien ri�ts
<br /> ��'`=`�� relating to thc Properh�.
<br /> �_.,� Z7. OTHERTERMS.If ciiucked,the follawing tue applicable to this�xu•rity lnstrument:
<br /> X$ Line o[Credit.'1'he Sccure�Dcbt 6.nt!���!e:,r.:evolving iin:of ceedit provision.Although the Secured Debt
<br /> .•..t�;�� may be reduced tv a zero balenr.e,ti�is Security Instrument will remain�n effect until released.
<br /> =��k-�.� ❑ Construction LnaR.This Securit� lnstrumerst seeures an obligation incurced fur the construction of an
<br /> .--- improvement on tne Property. '
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