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<br /> Unicss otbcrwisa�grad Ia wr(ting,�11 in�uru�oc proceo�e ek�slt be applied ro the cestorallon or rep�lr of����ar to -
<br /> �!,� thc Sacurod Ikbt, whethcr or nat then due, u &axflciuy's option. Any�pliculon of procecda to pr1nGl �hnli nat
<br /> '�,� eatead or poatpone tho due date of tbe�cheduled pay�a t aor chu�gc the unount uf say payment.Any excea wIU be� _.
<br /> '' to the Granror. if the Property is�cqulred by Bene i�'cl�ry,Trueror'e d t to u►y iasurancepo8cie�and p�ro�oeerle ca� atf ina _
<br /> � fmm duiuge ta the Property- befon ihe acquisition abill pise to Bane ciary to thc extrnt of the Securtd Debt iarurx�liatr.iy -�'-
<br /> bcfore the acquiaition. °__=
<br /> `�� 20. ESCROW FOR TAXFS AND IIV�[JRANCE.. Ualeu otGerwiae providod ia a sepu'ate agncment. 'i'ruetor wila nr�t iye ��� .
<br /> -�� requiced to pay to BemRci�ty ft�nde for tua aad insuance ia escrow•
<br />�"� 21. FINANCIAI.REPOR'1'S AND ADDITIONAL DOCL�lMENTS. 'I'rustor wlll prnvide to �eaefieiary upon request, twy --
<br /> '�-?� fuuncid stuement or infonnatioa Ba�eficiuy mzy dam raaombly nocesauY.'I�rwtor agroes w eign,del�ver, atd file u�y
<br /> � additional documents or artlficadoas thu Heneficiasy ma�r conatder necessuy to petfect,cantinue,and pceserve 6ranwr e
<br /> ablig�tions iwder this Securlty Iaatrument and Baiefici�►cy s liea atatus on We Property.
<br /> �� 22. JOINT AND INDIVIDUAL LUBILITY COSI(11V�jtSj SUCCEt�SOR3 AND AS6IGN&BOUND. AU dutks uader
<br />.`�- this Securlty Insm►a�eat ue joint and indiv�dual.If Tcustor sigas thie Secur[ry Insuuuient but doca not eiga en evidence of
<br /> --;�' debt. Tcustor doea so oNy to mortg ge Trustot's interest in the Ptope�y to secure payuient of the 5ecured Deix and
<br /> - Tntstor das not agrx to be persontlly li�ble on the Secuted Debt.If Wis 5ecurity Insmuncnt eecures a guerauty betweea
<br /> au
<br /> Beaeficisuy and Trustar�Tiustor�gr�ta wai�c any d�ht�t1e�t n�y Pr�vent Ba�fl�iuy from bringiag�ny x�ion or cldm
<br /> �gainat Tcustor or u�y Mrty lndebted undeic the obR�tiofin. Thae�rights msy include� but ue rwt limited w� any
<br /> — auti-deficiexy or onaACtiOQ IAWe. TiURtO!iQl�oef tlut B!x ciuy aod +u►Yputy to tbii Seturi�Y I�u°°eat ao�Y�+
<br /> modify or make my ch�nge in the terma of thi�Sead Instnun�t or aay-evidence of debt without'�Yustor'r cumeat.
<br /> � S�ch a cbuige wUl not relea�e Ttusior f�ow the teru,�a�thl�Sxurlty IaatnunGat•The dut;ee aad benefite of tl�tn Se�curity -...
<br />•-•-- Inymu�x.mt sh�ll bind and benefit tho succrssors wd assigns of Trustor and Beaeficial.
<br /> �__� �3. APPLICABLE LAW;SLVERABII.TI'Y;IIVTER�'AETATION.This Socwcity Iaatrument ie govemed by the liws of the
<br /> = jurladict�on in which Heneflciuy ia located,aacspt to the exteat otberwise requ�d b��y�tha lawe of the jueisdicxion where
<br /> the Properry is located. 'Ihis Secudty lnalmmeat is romplete and fully itttegrlttd. TWe Secudty Lisuumeat rn�y not be
<br />`='"r,, ameaded or anodified by oral agree�nent. My scction la thie Saurlty Insuumont att�chmrnte.or any agnemr.nt rel�tted�t e _-
<br />..=�.�• the Sa;urod D�bt th�t oonil}cta wlth appl}cable law wUl not be effiective.uNess t�at law eapresely or Impliodly pami -
<br /> vuixtior�by wrltcen agctiercxat. If any aeadoa of thii Securi Inauvment cannot be eafonced accotding w Ita tame,t3�at
<br /> ' satfon w1U be eevered�nd will nat affect tLe enforcabiliry o�We rem�inder of thie Security Insuument. Wheaever ueed,
<br /> e
<br />:;_r�y` tht singulu'sh1111 iaelude the pYural and tlle pluitl tl�e eingular.The captlons and he�►dinge of the soctfona of thi�Se�udiy
<br /> - instiun�ent ue for oonventemx only and ue not to be wed to intetpret or define th�termi of thie Socurity Lutrucnetit.
<br /> Time is of the eseence in thla Sccudty inattumc�t.
<br /> �,A �err���;�g,r,nn �r LCTF.R, Arnw_fi_r_.irrv_ at Ret�f�ciuv's optiOA, may from tiaio to tima rennove Truatee and�ppoiat a
<br /> � successor m�stex without�ny other formalfiy than the desi � on in writing.Tne aucces:ar�vs'we. witIICUt cc:,vryanc:,cf �
<br /> the Pmperty, eh�ll eucaod to dl the tide, power uul utics oonferned upnn Tcustoe by this 5�ecurlty Instivment u�d
<br />---- applicable law.
<br />��, 2S. NOTICE.Unla�oWarwiu raquired by l�►w any notice eholl be giva►by dolivodng it or by mailing ic by first clw m�il
<br /> � to the�ppropriue puty'�addrea�on p�ge t of thi�Socucity Gutnra�enf. or co �ny other �ddc�desigoated in wrftin�.
<br /> ' Notla w ox tnutor wUl be deemod to be notice tu �II truuon.
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<br /> 26. WAiVP:RS. Racr►t to the.�xtent }►rohibired by I�w,Tru!tor waive� �1 qzpruI��meat sad ho�tead eaat�ptioa rl�bti
<br /> � nluing co the Property.
<br /> - Z7. O'PAER'I'ERMS.If checked�the followiog are�pplk,�ble to this Seca�rity Iactivmcat:
<br /> �Lin�ot�Yedit.'I�e Securod Debt L►cluda a cevolving line of credit pmvLfon.AlWough the Secured Debt m�y b�
<br /> = roducod to�uro b�lwcx�thit 5ocuriry Inaruma►t will mnaln in ei�OCt uaHl t�eta�ned.
<br /> ! 0 Co�rueNon Lu�n.l7iie Secudry Inatr�meat bcura an obligetlaa iucumed for tha cou�nnxxion of aa improvanau
<br /> ; on the Property.
<br /> O Fht�u+e Fflint.Truator gr�nte to Beaeficiuy t�ocurlry intcrast ia all goodc thet Grantor owna now or in tl�se tutue�e
<br /> ' a�nd that ue or aiU beoome ftxtuns reluod to d�e Propeny. Thto Secudty In�vment euffioea ot a fia�ocina
<br /> ' • atatement�od�ny cubon.photographic ar otLa reproducNon msy be ftled of rxord for purposac of Artick 9 of the
<br /> —_ Uniforna Commerclel Code. . � . .
<br /> ❑Rlda�.'ILe oove�uts and agreementa of ach of tLe riders chockod belnw ue incorpor�ted into and avpplan�t�md
<br /> -�9'. amend tbe terms of this Security Inatcumeat. [CUeck�11�appliwblo boxes) � �
<br />�i �7 Condominium Rider I7 Plannod Untt Developmant�itidor �Othor..................................................
<br /> - ' �Addltlonal Tams.
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<br /> -�r� 3IfiNA.'iRJRFS:By signing below,.Tivstor agra�s ta the ternu and covonrwtti contained in this Security Inst�ument and in any
<br />°-��=� ' anachmeats.Tivator�lea ackaowlodgea raceipf�of a copy of thlc Secutity IusuwnEnt on tho detB stetod on page 1. --
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<br />:-°=u� (si�uaro)LIAVID SII4RA6'Zi�, P1ZF.SII7ENI' (ak) (s�rumre) Ni�� -.
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<br /> -v;.'�� ACKNOWLEDGMENT: '
<br />_�M';�� S'I'ATB OF...rl..`�.............................,......, COUNTY O�..� ............................,..... .}ss. ;�;_
<br />. a�•sa.�� This ia�trument wos aclmnwlatged before me ttus.... .�r.:!`..`.-....day of..1.�1.4F,�:�................ `�
<br /> �i.�- by ...l�ic�r.w2...� .....,.......................................................................,.,......... . �'=
<br /> `'�ti:'; MY� GENEHAI MOiAAY•Sii4 ot 7c3r�sa� .............. ..���l1�r!�................... `-
<br /> ';��+'-,�:y,1:� �, TERRV K.RATh�AAN ���• (NOnry Publk) .
<br /> y'' ` ;✓�.� �COIIIIA.Exp.00t.21.1D97 �
<br /> y Y''.. O�89a eal+ic�n svacMm,inc.. . . B �2rT3/80 fAage�ol�l =
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