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<br /> 5 �� Uni�ss aehea�ise agreed�����°�p�s1eaB b�appt�ed to the restara8u reRaa , .
<br /> ` � oztothe Sea�redDebt,whe�eearnot t�en du�atixader'soption:A�8PPl�rationof giaceEdstaP�nF��� �,}�'
<br /> �:`• ��, egtefldorpastpone the duedateaf tfle schednledpaY�ent uorct��e the amo�mt af any p�ym�nt AAy exoesswillbe
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<br /> - 'c•'°�;�._`�<;' a�o L�P CaIeIILO1,If the P[Op�rty is�9�b�+L2IIdBi�Granta�s xigUt co any i�suaace�olicies and piaoeed� . �;°,<
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<br /> �•��,`.:° . � ��g�m d a m a g e e o t h e P m p c rt y before the ac�q�tlon shatl�pas to Lender to the�tent of the Seaued Debt ���
<br /> � .:, , .
<br /> _'_ . immed�tely bsftrte dte aaq�an-
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<br /> ZU. �OW�B TAX�S A1�TD R�L�LJI81�N�.Ur.Iess athenvise provided in a separate agceement,C�rancor wili aot �`��.
<br /> °. �: �. . .
<br /> '` � `be reqairedwpay tol.ender fuuds fortagesand insuianoe i n esarow. E c;"°
<br /> Gzanwr� vide:to Lender apon requ�st.a�Y. �.
<br /> �` �, ��A�?�D1�4�TF'et.��� �tor a�cees ga.
<br /> �1APIL�.'t�EFtt A ta si de�iv�r,and fita
<br /> `��t;;�"�:t`J:,.` ciai statemeat ar in�fom�ation Lender may m reasona n�essa�9 ��p�,erve �•':
<br /> .. , � ta e�ect,�nt�
<br />_`t� � '" suq additianal doatments or certifications Ei�at Leader ma consider neaessarS► P
<br />�'";t^=;�':'��y � ��� CnaIItor's obliga�ns widerthis Secwnty�ument and L�ende�s tien sti►tps on the Progerty �'_°
<br /> �,,.. �. � ?� lOIIV�'�iND IIVDIV��JAi.LIABI[�H;C�+SIGNB�S:�Ut�C'I�OIt�APID AS^�I�ES�miJF+1�Ail dnties _
<br /> S ._ .,
<br /> Y� , ,. V ent 6ut does n,ot - an �
<br /> 4 ° under ihis SewritY Ins�e�a1 sie joiac and iridivi�tal.If Gianwr sigas t�is Sec�ity IasttimQ t f��¢ ` .:.
<br /> � ' evidea:ce of debt,Gramtor does so onty to mortgage Gtantor's iater�st ia the P D�YIf this Sec�i�y •.-
<br /> "�t:.� Sea�red De6t a�d Gtan4aT does not sgree to be pe�1��on the Se�ed �'':�;�:�' -----
<br /> . sectues a gttatanty between L e a d er a a d C�r a n i o r,(3 r a a t a r a g e t�t b w a i v e e n y r i g hts that u�a q p r event Lender fcau�;;;..`• __
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<br /> actioa ar daim against Grantor or aaY P�Y indebted�mder tIr���hkgation lhhese rig�its may�ine�ude,bx�: ._�..
<br /> ' ��� t snti def ciencq o=aae-adion laws.(3rantar agt+ees.fB��and�anY P�Y� .`� . y-�
<br /> . � � are not�atited o,ass3► e� in the temos af 2his Sec�ity InsW�t�t or abp evideace�,:� =-
<br /> : as S
<br /> `.: � � �rtsuument may eatead,ma�fY ar mag � "'" °•_
<br /> `", wiWiwt Gt�nto�°s oonseat Sach a r3�►Y,;e w�11 not ieleate Cria�tar from the tecros of;l����n� _
<br />_ ,- � Ynspramentshailbindan�be�c�t.t�.suooessoisa���.'�.� ���:' _-
<br /> . � . du�es an+dbenefiis of th�s S�ty �Y'�pRErA7Y01�LThis Seauity Iastrumeat is govemed 6p the iaws 4�
<br /> . 23► �'PLLCABI�I.��;SEVEMA� i to the e�ent otl�etvvise required by the laws of�e�� _�
<br /> :z*.:'.:'-� -�:°•R,�� � the j�sxion in wluch Leader is�acated,�xc�F ntis tete andfulty integtated.'IfisSe�auity Instraafentr�. �_-
<br /> . }�,� ;,.`_ where the Prapertq is Iar,ated.'I�is Security Ins�e �, 4 .
<br />` ;,.• .. :; not be ameaded or madi8ed by oral agreemen�.'Any sects�a in•this Secarity En$trament,attachments.o�'`.i�.;�`�.. _
<br /> °�� `�'�:� �greement retated to the Sewred DEbt that aon8icts with apg�ab2e law wilt aot 6e effe.ctive,uatess that taw e�s�y:'.::� —_
<br /> � �`� os impliedlY Permata tlie vaziatians 6y writtert agreement.If a�sedion of Wis Secarity Instrume�t c�naot be enfo�' . __
<br /> �. �..:'.'� , � of the resaainder of tbis
<br /> � �_-,��'==`" a�oozding to its temas►tbat sectiuon w�i be severed and w�l not affeet the enfarceab�ity =--
<br /> . . , . :�,,:: . Seauity Instrument Wfienev�r a�ed.the singutatr shaII uaclude the plural aad the pIura!the siag�ar.The captions and -
<br /> . .., hea�ngS af the sedians of tbi,s Seau�ty Instr+�ment are for aonveaience only and are no�.to b�nsed w inte�pret 4r
<br /> . . . .:�.:':}. - define the terms of t�s SectuitY�n�men�:Tnme isof the e�ence iathis Secority Ins�n�mt . � •
<br /> � yr� gtJ�qpg�'RUgTEE.Lender,at Lender's opt�on,iaay from tiane to t[me reuimve Trascee and appoint��.;:,, -
<br /> '`�' ' . sutcessur trustee wlthout any oWer for�nal.ira:tf�an the designation in writing.The successar trustee.witho�. , .
<br /> � . , , aonvey�nce of the Property,shall snrceetl ta��e tit�e;pawer and duties aonferred upon Tcustee by.this Secutit9 ; _�
<br /> . Instivm.ept and applicable law. ."",.�� `, .
<br /> •� � natice s3t� e given by delivermg it or lsy ma�it by.first"�. . ;
<br /> - - - � : ?S. Ktf7I�:Unless.othernLse reciu�ed bY 1�W�Y �!
<br />- .. .:.�.' �'?��, ma�t���e appropsiate PartY's address on Pa$e 1 of this S�cY Ia�sument,or toan}►other addresg desigaatv,�iii�t::' . _
<br /> '?' ;�'" `�:. writiag.Notioe to ane grrantorwiII be deemed to 1�e notioe to alt gt�ntois. � ., ,� ��� i--
<br /> ' •� "�` ��6�. �►�t�S.Except to the esteat prolu'bited hy law,Grantor waives all agpsaisement and homestead exemptionnP,�s
<br /> . . �.,., �elat�ag to the Yroperty. ' •� � �men�
<br /> . . �. � �-'` , 2'I. �Y3TiERN1Sr If checked.the .fg�a"nffi are appficab2e ta this Seauity •
<br /> . ,•�;. �k�dn�04�edi�The SecurecC��?ebt inctudes a revolving liae of credit pravision.Aithough the 5ecured Debt
<br /> . •�• r .."� may be reduced W a zero 1�asnse.tTiis S�cvrity Instraffieat w�l remain ia effed uatIl reieased. : .
<br /> �'��f'� � •���. . ❑ Canstntsttoa Loyn.This S�curity�tiA�s�vment secares an obligarion iacarred for the canstructton of an
<br /> .;.,:,.,..�.: _ . . �ovementon.theProge�lr� " ��`%� _'. �.,�. � � .
<br /> �.`:,�+'� ..._
<br /> •r:;�:��; Q girt¢�e 1�6ng*L�a�tor @�-�to Leitder a security intetest in all gaads t�at Grantor owas naw ar,fi�i�'t� _
<br /> `�:. future attd itiat are or w�'��ecome fixtares related-to t&e Progerty.This SeGUYtS►Instruffieat�'���
<br /> - � ,.�3`;.' . . �ina�cing statemeat and any carbo�r,Photogapts�c or otaer reproduction may be filed of record for�i�+.s . .__
<br /> . � .. �..� . � of Articte 9 of the Uniform Commercial Code. ��� --
<br /> � ;. .y.,, �0 R�ders.The covenants and agreements of each of the riders checked b�o�wble b�rVorated into an� -_
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<br /> supp lemen t and amend the teims of tbis Security Insuumen�[Che�ek a11 app
<br /> . . . ;� ❑Coadamiainm R+der .O 1'Ianned Vnit Devetogment Rfder L�Other....»...........�.....»»
<br /> �;. ❑ Addlt�anaf Tem�. , '
<br /> ;:��.. . • . . . .
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<br /> . . �,��:�. '`� ' � � -
<br /> . . � �IGNATUR�,4:By sig�g beIaw,Granios a�tc>the teraos and aavenants rontained in this Sec�ritY L�suument and in _-
<br /> �'�`° an atta�hments.Cirantor also acknowtedges rece�pt of a oopy of this Security Instrument on the date s�ted on page 1.
<br /> .. :�..�- Y =
<br /> � .�' , ,w,,,.,1..!•a.�L_,,,• . a ........07/28/97 ,�„s►.�,�i��.�i�.�..Q�..,..��............OTl28/9? -.
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<br /> . (Srs��) (Natej (s��auue) � PATRI C I A A KI NG ��"�� -
<br /> MELVIN R KI
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