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<br /> Unlcss athcitivisc a�rccd in writin�,all insuranc.� procccd�sh;�il hr applicd tu thc rctituraiiun nr rr��air u[thc Prup�rty �
<br /> ur to thc Sicu�ccl I]cht.�vhrtl�er us not thcn duc.;tt Lcndk�tiu}tlii�n.Any itpplici�tiun ol'prucc:cils tii principal:;hall n+�t �
<br /> " rxtcnd ur pc�stponc thc duc di�tc�>f ihc schcdulud payrnent nnr chi�ngc the:imuunt uf uny pciym�nt.Any exccss wiU hu —
<br /> paid tu thc Grantor. If thc Nropc rty i. acyttirr�l hy Lcn�9ur. Cirantur's ri�;ht tu uny insuran4c pulicics und pr�x:ccds =�
<br /> . rcsulting f'rum dam��Z,c i��th�� Pm�rty bcfc�ra the acNui�itinn tiliall pats tu LAndcr to thc cxtcnt oF thc Sccurrd Dcht __
<br /> immcdiatcly hcForc t1i4 a�:qui�iti��n. =
<br /> . :.� 20. �;SCROW FOIt TAXES ANp INSU4tANGE.Unlus:s athcrwiu provided in �+scparatr agrcrmcnt.Grt►nWr will nut
<br /> �� bc required tu pay w l.�:ndcr fund�(or taxcs and insur:inau in�scruw. _
<br /> 21. FINANC1Al. RF.PORTS ANU ADD[TIONAL UOCUAtEN"i'S.Gr:�nt�r will providc i�I.�:ndcr upon rcyucst. a�y
<br /> Cnancial statcmcnt or inf��rmatinn l.cndcr rnay dcem rcas�m�ibly nGCCSSary.C;rantur agrecs to sign,dclivcr,�ind Glc �
<br /> xny udditional documcnts or certification� thnt Lendur rnay con�idUr nuce�.5ary to perfect,continue,and preservr
<br /> Gr�ntor's ohligntions undcr thisSe=.curity Instrumcnt and Lcndcir's lian status on thc Pro}x.ny. _
<br /> J. 22. JOINT AND INDIVIDUAL LIABILITY; CO•5IGN[:RS; SUCCESSORS AND ASSIGNS BOUND. All dutics
<br /> �, under tliis Sccurity Instrument ar�joint�nd individunl,If Grantc�r signs this Security Instrument but dces not sign an
<br /> evidencc of dcbt, Grantur does sa only to mortgobc: Crante�r's intcrest in the Property ta securc payment of th�: —..
<br /> ��' Secured Iaebt and Cirantur dcxs nnt agrce to hc persanally liabl�:�m thu Secured Debt. If this Security Instrument
<br /> secures a gunranty betwcen Lender and Grantor,Grantor a�recs to�vr�i<<e any rights that muy prevcnt Lendcr from �
<br /> � bringing any action or claim againss Grantor ar any party inAabtud undw thp obligation.77iese rights may include. but ei
<br /> are nat limitcd to,any anti-deficie.ncy or onc•nction I�ws.Gramc�r agrces thnt L.endcr and any party to this Security �.
<br /> '� lnstrument may extend,modify or makc any change in the terms af tliis Security Instrununt or uny evidence ot deht �'
<br /> � without Grantor's canscnt. Such a changc will nut rcl�asc Grantc�r from the tcrms of this Sccurity lnstrum�nt. Thc �).
<br /> duties and benefits of this Securiry Instrument shnll bind and benetit the successors and a.ssigns of Grantor urtd Lender.
<br /> 23. APPUCABLE LAW;SEVERA�1l.ITY;INTERPRETAT[ON.This Security Instrument is govcrned by the laws of �`
<br /> the jurisdiction in which L.ender islocated, except to theexiant otherwise r�yuired by the laws of the jurisdiction `C`
<br /> '.y, • where the Property is located.ThisSecunty Instrument is complat�and fully inte�rated.This Security Instrument may !*_'
<br /> . not bc amended or modified by oral agreement.Any section in this Security Tnstrurnent,attachments,or any =
<br /> agreement related to the Secured Debt thnt contlicts with applicuble law wDl not be effective,unless that law expressly 6;.
<br /> or impliedly permits the variations by written agreement. Iteny section of this Securi►y Instrument cannot be enforccd =_
<br /> according to its terms, that section will be severed and will not affect the enforceability of the remainder of this =
<br /> :;� ? Security Instrument.Whanever used,the singular shnll includc:the plural and the pfural the singular.'Ihe captions and
<br /> ' headincs of the sections of this S�curity lnstrument are for c4nvenience only and are not to be used to interorei ur
<br /> �'`� "�'�,�" � define the terms of this Security Instrument.Time is af tha ess�nce in this Security Instrument. � _
<br /> -�-'- . �4. SUCCESSOR TRUSTEE. L.endar, at Lendar's option,mny from time to time remove Trustee and appoint a '
<br /> � "��''�' successor trustee without any other tormality than the designation in writing.The successor trustee,without
<br />-�':�^�;':s:...; ; conveyence of tho Property,shull succecd to aU tl�e title.power and duties conferred apon Trustee by this Security
<br /> "_�..T�i4..• ��'
<br /> - :'••;,���,k y,. Instrument and applicable law.
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<br /> �:�.., „� 25. NOTICE. Unless otherwise required �by law,any notice sha11 be given by deGvering it or by mailing it by Cust class
<br />;������,: ;1 mail to the appropriate party's address on page 1 of this Security lnstrumen�or to any other address designated in
<br /> �.:-�..,; writing.IJotice to ono grantor will be deemed to"x notice to all graators.
<br /> �.�:=w�`�' Z6. WAIVERS.Except to tho extant prohibited by law,Grantor weives all appraisement and homestead exemption rights
<br /> ••'�:��s;' relatin to�the Pro rt
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<br /> __ _,y,� ' 27. O'1�iER TERMS.I[checked.t�e following are appGcable to this Security Instrument:
<br />^y�-•°�� ❑ Line ot Crcdk.The Secured Debt includes a revolving line of credit provision.Although the Secured Debt
<br /> 'J�'='��=�`� � may be reduced to a zero balancc,this Secwity[nstrument will remain in effect until released.
<br /> ;;.'z;:-°,�'� .
<br /> -,-R,�;:�� ❑ Co�stractioa Loaa.This Security Instrument secures an obligation incurred for the construction of an
<br /> _-=- --- improvement on the Praperty.
<br /> %:`•�i� ❑ [�xtrre FilinE.Grantor grants to Lender a security interest in all goods that Grantor owns now or in the
<br /> =TM-''"""''` future and thut are or wiU become fixtures related to the Property.This Security Instrument su�ces as a -
<br /> =���� - 6nancing statement and any carbon,photographic or other reproduction may be fited of reoord for purposes -
<br /> :•.;.�.ti�, of Article 9 of the Unifomn Commercial Cade. __
<br /> --"•W11� .i -
<br /> - _.�� ❑ Rider�.The covenants and agreements of each of the riders checked below are incorporated into and --
<br /> Q„_,=��"'- supplement and amend the terms of this Security Instrument.[Check all applicable boxes] -
<br /> -s-���-�''- ❑Condominium Rider ❑Planned Unit Development Rider ❑Othcr.......................................................... —
<br /> '�"`�"`"��� ❑ Additional Ter�e. �-
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<br /> . , SIGNATURES:By signing belaw,Grantor agrecs to the terms and covenants contaitted in this Security Instrument and in �
<br />.. any atts�chments.Grantor also acknowledges receipt of a copy of this Security[nstnunent on the date stated on page 1. —
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<br /> � E" ARNOLD VIALPl�DO "a`� SHAltON VIl�LPANUO coatc)
<br /> ACKNOWLEDGMENT: ^� L / �
<br /> STATE OF........1!!...°.�.....r?R,�,�4�.................�....COIJ/N}�OF...��./..�................... � s `�
<br /> ���a�„a�a�� bhis i.....tir°..ele a�kne� Iedge�F�.,f�►i�this.....lb...:... day of.::.�`�r.��............l.�.y.�........S. . r
<br /> .. ....... ... ......
<br /> My commission expires: �� Q� �
<br /> ; • ... . ......... .. .. .G�;�--�K..r......................................... �
<br /> �NERAL NOtANr•St��e aNea���� �M1111R•����"� ,
<br /> HELEN U1NOElL
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