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<br /> � �g- 1t�4862
<br /> Unlcsx othenvis��grecd in writing,all insuraact:praceeds shali be Applied tn tha restiiration or rcpair of the Pruperty
<br /> or to the Sscured Ueht.whether or not then due,at I.,ender's option.Any applicatian��f proceeds tu princlpal shall not
<br /> extund��r Xxat{x►ne thG due date ot the schedukd�ayment ncir chxnge the am�unt ut any paymcnt.Any excess v�ill be
<br /> pdid ta tha Cirantor.if ihe Properly is aoquireJ by I.a:nder,Grantor's right to any insurence paliclas and proceedx
<br /> resulting[rom d�m�ge. to the Properly lxtare tho ac9uisition shall p�.a ta L.ender to the extent of the Securcd Deb1
<br /> immedietcly befure Ihe xa�ui5itinn.
<br /> 2�. �SCROW!OR TAXL9 AND IN5U�tA1VC�.Unless athcrwise pravided in a separatc agrecmcnt,Cirentor will not
<br /> t�rcquirtd to p�y to Lender funci.a fnr taxcs and insurancc in cscraw.
<br /> 21. FiNA1VCIAt.REPORT9 AND ADDiI70NAL DUCUMEM'S.Grantor will provldc to Lender upnn rc�ucst,any
<br /> finenci�l statement or intormation l.ender may deem reasanably necessary.C3rantor agrees ta sign,dcli��er,nnd 61e
<br /> any nddltional dacum�ents or certiCcatians that l.ender may consider necessary to perfect,continuu.and pres�rve
<br /> GrAntar's obligetians undcr this Security Instrument and I.cader S lien ststus an the Praperty.
<br /> 22. JOINP AND INDIVIDUAL LIABILITY;CO-SIGNBRS;SUCCESSaRS AND ASSIGNS BOUND. All dutics
<br /> under tbits.Security Inst�ument ara joint and individual.lf Gtxntor signs this 5ecurity Instiument bu!does¢�at si$n an
<br /> evidera.cc qf.d,:f�!„,arnntor does sa only to mortgago Grantor's intorest in the Pruperty to secure paymont of 1he
<br /> Securect Ueb1:a�x��,rantor dces not agree to t►e petxonelly liable on the Secured Debt. If this Security Instrument
<br /> secures a guaraaty betwcen Lendcr and Grantor,(3rantor agrees ta wnive any rights that n�ay ptovent I.ender from
<br /> bringing any ectiocr ac c�e1m against Grantor or any party indebted under the obligation.These rights mny i�clude,but
<br /> an not limited t�,eny enti-deficioncy or one-action laws.arnntor a�rees that L.e:nder und any party ta this Security
<br /> Instrument may exterod,modify or make any change in the terms of this Security Instrument or any evldence of deht
<br /> without Granta's ooe�sent. Such e change will not release Grantor from the terms of this Security Instrument.The
<br /> duties and benefits of Et�Security Instn�mer�t shall bind and benefit the suacassors and assigns of Granior and I.ender.
<br /> T.3. APPWCASLE LAW;SE V��tABILITY;!N'IERPRE'TATION.This Security Instrument is govemed by the laws of
<br /> the jurisdiction in which Lende��s located,except to tt.e extent otherwise required by the laws of the jurisdiction
<br /> where the Property is Iocated.'xllnis`�ec;urity instrument is complete and fully integrated.This Security Instrument may.
<br /> not be amended or modi�ed�v���ral agreement. Any section in this Securicy lnstrument, attechments, or any•'
<br /> agreement related to the Secured Y�ebt that con�licts with applicable law wlll not be effective,unless that law expressly
<br /> or impliedly pe�mits the variatians by written agreetnent.Ii any section of thfs Security Instrument cannot be enfomed
<br /> acxording to its terms,that section wiU be se�rcred and will not affeet the enforceability of the remainder of t6ic
<br />= Security Instrument.When�ver utied��e singular shall include the plural and the p[ural the singular.The captions and
<br /> headings ot the sectiona of Ihu Sec�srity Instrument are for convenuncx:only and are not to be used to interpret or
<br /> �{ define the tcrms ot this Security un:�aeumcni:i imC is oi ii�c e�er��i�,this�.curity Ir�strumcni.
<br /> � 21. SUCCESSQR T1tUSTE�.Lender,at L,e��l:T's option. may from time to time remove Trustee flnd appoint a
<br /> ' successor trustee without any oth�r fprr��Di'ry than the designation in writing.l'he successor�t�raastee,without
<br /> � conveyancx of the Property,shall sv�eed td 1il the title,power and duties confened upon Trustee�hy thia Security
<br /> � Instrument and applicable law. ' .
<br /> �` 1,5. NOT/CE.Unless othetwise re�,�aired by law,any notioo sLi,•�i�11�e g�iven by delivering it or by mailing it by firsd�1��.��
<br /> � mail to the appropriate pariy's aciclress un page 1 of this�usity Insha��meat,or to any other address des{�n;eti a,�
<br /> a writing.Notice to one grantor will be deemed tc�be notice to all granton.. • r-':'�:'�"�
<br /> _ � �i, WAIY��tS.Except to the extcnt p�ohibited�t�y�1aw.Grantor waives aU appraisement and homesteaw".::zesasptio�ifii�hts
<br /> _ relati�n�to the Property. . ,.�� ,r
<br /> - 27, p`iI�#L TERM.4.If checked,tK�ti�o3lowing are applicable to this Security Instrument� :
<br /> - � I.i�e ot CrNit.The Securod Debt incltrdes a revolving line of creclit provision.Althouglt t1he,Stcur�d'�Debt
<br /> may be redUCed to a uro balance,thic�:cttrity Instrument will ydmun in effect until reles�:�1:
<br /> ! ❑ CoMttrret�i�ai �A,a�r.'I'his Security Instrument secures an abiigation incurred for the c�instruct+on of an
<br /> � imptavement on the Praperty.
<br /> � [j i+ii'trre l�i1Na`,.Grantor•grants to Lender a securl�y nnterest in all goods that Grantor owns now ar in'tt�e _
<br /> ; fuwre and t�uzt ere or wdl become fixtures relatea7�t�o the Praperty.'fhis Security Instn�ment�uf�icxs'�,s a
<br /> `"r financing stlt¢ment and any cartwn,photograQhic'or ather reproduction may be filed of record fnr purposes _
<br /> o:Artidc 9 of the Uniform Commercial Code. '
<br /> � ❑ Riien.Thc covenants and agreem��¢s pf eacti of the riders checked below are incorporated into and
<br /> supplement and runtend the terms of t4�as Security I�n��rument.(Check all applicable lwxesJ
<br /> , . • • ............................
<br /> ❑Condom�nium Rider Cl Planne4'�Ri:nn Development Rider Other..............................
<br /> � ❑ Adlitk�al T�+nw .
<br /> SIGNATCJRES:By signu�g below,Grantor agr.e���.r:u a9ne terrns and covenants contained in this Stew►.�n'r nnstrumeat and in
<br /> � any atEachments.Grantar also acknowledges reoe��rt of a ccryr��of this Securiry Instrument oat!he aU�t�stated on page 1.
<br /> � ....... . ............ .... ...o.s/.i.�{�s.. ..... . . . .�.,=��t.�!¢.... ... . _ .......��.f�,�t�98
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<br /> ' °""'�r-" � LEAANNE N�DGES
<br /> 3EAN E �IEatiES
<br /> ACItN�WLEDGM�i�T:
<br /> STAI'E OF...I�Fi.BR�►SIGA....................................COUN'I'Y OF.......i�A��,.................................................�ss.
<br /> ow��� This instrument was acknowlcdgcd bcforc mc thi�...�.BT�H...�......day of.....�.g...........................1•49&..........
<br /> byS[�l.a.JtDQ�I.�MD.L�AIMM�•ILDGEi,.1YA�•A�A•Illf................................ .. ...........................................................
<br /> My commission expires:
<br /> (Scal) .............................. .... ...�Ndary... .�,.... ,�`.. .
<br /> ��R�l IIOTAAY•ShM YI NlOfMil -'y.� .
<br /> GIIRIP A.111SEI1
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<br /> o,�erw«�sr.wn,r,e.t�.arre,w+I+aoo�r-zw,� ann nE�or�a�r�w (ppr 1 of I)
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