|
.. �i`""` ���'�"�
<br /> �y � ,�w,�,:...._��.�►w- .....___ -
<br /> . _ -�_
<br /> , .�.._-
<br /> .n:�
<br /> �,.�.�----
<br /> _._�...---•- _
<br /> _" _..__- —
<br /> ,�=,i,:o�,... -��_..---- -------- ---
<br /> — - -- - — - - --��,.�...�...�- - — —��..._.�..�___-- — _
<br /> - �tt8'�30
<br /> Un1c�.9 otherwis�ngrccd in writing,all insurancc procceds shall bc up�licd tu thc restoratia�a�r repair of ti►e Property
<br /> os ta the Secured Debt,whether or nat thea due.at l.ender's aptian. ny application af prc�ceeds tu priucipal sha11 nnt
<br /> cxtend ur{astponc thc due drtc of the scheduled payment nar changc thc amo�ant of nny payment. Any excess will t�e
<br /> pai3 to tlie Grantor.If th�:Pcap�rty is acqui[ed hy I.ender, Grantor's right to any insur:�nce policles und pruceeds
<br /> resulting from damagc to thc Pro�►erty before thc acquisidon shall pass to I.ender to the cxtcnt af thc Secured Debt
<br /> immediately t�fore th6 ucyuisition.
<br /> 20. ESCROW E�OR TAXES AND YNSUR.ANC&Unlese othetwise provlded In a separatc agreement,Grantor will not
<br /> be required to pay ta Lender funds for taxes and insura�ce in escrow.
<br /> 21. Fi1VANCIAL REPORTS AND ADD1T[ONAL DOCUMEN'A`S�,mrantor will provide to Lender upon request,any
<br /> frtnandal statement or i�6i�rmatIan L.ender may dec�n r.easonaFrty�cecessaxy.Ga�,ntor a$rees to sign,a���Yen,ana�J�
<br /> a�y additional dacuments or certtftcutions that Lendex may cozr.scdea neoessar,a r.o per[ect,�ont;�.n�e,aad�a�esen�e _�
<br /> Grantor°.+ob�igaL'eons under tt«s Security Iastrument au�d I.endez°s B��n status ar�n�e'Pca�rxty.
<br /> �2. JQllVT ANp INDMDUAL LIA86A.!!4i 4f;CO�iGNER�;SUG�'+��,.��AY� ��1d����54A�1�S 6tqiUl.�i�.AI!dati.es
<br /> � 4l.ader ttnns SecweRy InslrunnepC are jr,cvraz.�n�iutdivedaa�.If Gxantor s��t�rrs�tads Se:�cwr6t}�Er�sCcvax,a-";.e tawc cf.ves mvR si,gr��rtn
<br /> •eM1itLGnoe of debt,Gtta�mtuc�r;lc+,�s�►r���;c qw mc>xtgage Gua�tor's i�eater.�st nn,t:l�� 1Psoperty ro seeure�.ayrr�er�&Q6 che
<br /> SECS►l1;��I I��'R"s1�4'L�c�nC:1C01(�A7�:�ri'D�.S�ft�r.fl�R�e to be ift�•�:��ally I�ab�e on ihc Sk�,�vi��:d Debt. If thu Secun4�r Lr.�sccsr.r.raent:
<br /> sec19��.��:���1"����"�`n4"een�LHn:9t�z�n�l c�"siant�u,�'rr.ac�¢or ugrees to waive any rights that may prevent Lencier from�
<br /> �raaeging any aetion or d,�isn t�gainst Grantor or any pnrty indebted under the obligation.Thcse rights may Include,but
<br /> hrc not Hmited to,any a�rnu-deficiency or one-actton laws.Grantor agrees that I.ender and any party to this Security
<br /> Ynstrument may eMead,modify ar make sny change in the terms of this Secudty Instrument �r any evidence of debt
<br /> without Grantor's consent.Such a change will not release Grantor Gom the term.s of this Security Instrument.The
<br /> duties and benefits of this Security instrumcnt shail bind and 1,ruvCt U��:nu�c�ssc�rs and assigns atGrantor and Lcnder. _
<br /> 23. APPLICABLE LAW;9EVERABILi'I'Y;IMERPRETATION.This Secitrity Instrument is govemed by the Iawa of
<br /> the jurisdiction in which I.ender is located.except to the extent othcrwise requlred by thc laws of thc jurisdiction
<br /> where the Property i.r lacated.'Yl�is Security Instrument is complete and[ully integrnted.'fhis Security Instrument may
<br /> not be amcnded or modified by aral agreemont.Any scction in this Security In�trument,attachmcnte,ar any
<br /> agrcemcnt related to the Secured Debt that conRicls wlth applicablo law will not be cffcctivc,unlctis thal law cxpreasly
<br /> or irnpliedly permits thc vadatEons by writ�en egrcemcnt.If c�ny�secdnn of this Sa;cudty instrument cannot be enfarcrd
<br /> Arcnrdtnn to its tcrms,that sectian will be severed and wi11 not aifect the enforceability af thc:remalnde�ot thi:
<br /> 5ecurity In.�trument.Whenover ua�d,the singular sdall lnctudo tbe ptwai anci ti�e piurai ihc singufar.'["no u�}:tiuiu a�d
<br /> hwdings of thc sections of this Security Instrument are for comcnienee anly and are not to bc uscd to intcrprct or
<br /> dcfine the t�rms of tbis Sccurity Instrument.'I ime is af the essence in this Sccurity Instrumcnt.
<br /> 1A. SUCCESSOR TRUSTEB.I.ender.at Lc�nder's option,may from tImc to ttme remove Trustee and appoint a
<br /> succcssor trustee without any ot6er formality thaa lbr designatian in writfag.The sucses�ar troRtcc,without
<br /> oonveysnx of the Property.shall succeed to ap the title.power nnd duties conterred upon Tcustee by this Security
<br /> Iastcument and applicable law.
<br /> 2S. N0110E.Uakss othecwise required by law,any notice shall be given by delivering it or by mailing it by first ctass
<br /> mail to the appropriate party's address on page 1 of this Security Instnuaent, ar to any other address designated ia
<br /> writiag_Notice to onc grantor will be dee.med to be notice to ap p,rantors.
<br /> 1b. WAryLIt5,Exoept to the extent prohib[ted by law,Cirantor waivcs uU appraisement and homatead exemption dghts
<br /> . telating to ttie PrnpettK•
<br /> 2Y. �YI7iER TEItMS.If chc�ked,the foqowing are applicable to this Security Instrument:
<br /> . �f Li�e o[Credtt,Tih�Sccured Debt includes a revolving line of credlt�rovlsian.Although Ihe 5es;ured Debt
<br /> ' may be reduced.to a i.ero balance,this Secutity Instrument wiU remain in effect untit releiised. •
<br /> �� Co�stnetlo�lasa:Thls Security Instrument secures an obligation incurred:fo�r tde construction of an
<br /> improvement an�ha Property. '-
<br /> � �t�ue�i1n�.Gra,ntor grants to Londer a security iuterest in all ga�+cls that G�antor owns now or in We
<br /> future aad that sure or will become Extures reiated to We Property. d7�is Security Instrument sufGoes as a
<br /> �inancing statement and any carbon,photographic or ather reproduction may be 6led of record for purposcs
<br /> of Article 9 of the Uniform Comraercial Code. ,
<br /> ❑ RWen.The coveaants and agreements of each of the ridem eheclKed below ere incorporated inta and
<br /> supplemeut and amend the terms of thls 5ecurity Instrument.[Checls.all Appfipble boxesJ
<br /> C7 Conduminium liider ❑Planned Unit Development Rider C7 Oiher..........................................................
<br /> � Ad�iNo�al Tctm�.
<br /> SIGNAT[JBESs By signing beloa.Grantor egrees to the terms and oovenants contained in thls Securiry Iastrument and in
<br /> any ettachrnents.Grantor also acknowledges reaipt of a capy of this Secudty Instrument on thc date stated on page 1.
<br /> _ � /� . 08/17J9S � /_ � �jR� vvi�.'.i°+S
<br /> . .
<br /> ..�,,�..��...�,...r� .. .......................................... . ..... ..... ..... ... ...................................
<br /> (Stan�tusc) RONALll D RN� Nate) S... ��� BRSNDA S RY Y (Date)
<br /> ACKNOWLEDGMEIV'➢;j��B��� HRLL
<br /> s�c��or........................................._...._.__.........�¢�y��a��.....................�vcvs�.._._.........���a-►�.
<br /> c:�:a.,�� 'YU,i�'�u'��l��a������,�..�a`�!(f�F�LtBt..... ..,��3aj+of....................,,........._....................w...,_...�.
<br /> 6y,u..Y..__... ..............................___�._......�........... ........................................ ....�..__...._...�......................
<br /> Mg crncmapsi.�;.=:iv.r expires: /7
<br /> — � ., .. �.;�-•w..t.�l�L.���:�..�.......
<br /> (l�en ..•. •. ({�dSacy�rL�iic7
<br /> _� . ,
<br />_.� '
<br /> �NE�llf IIGTARi$GiM!!F M!a'1as11s
<br /> �i3lTHLEEW A.SCHLACF6FEf+ (��4 0l1)
<br /> 01901B�rY�tBYMem�•inc..St daxf.�M7(1�E00+'l97-Y.iNI FotmPE-0T�IiE 6'dW MyCo�nwEapMI��21�206a
<br />
|