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<br /> .���,° � �:,°.° Unless otheru+is�a�+ced ia writing.all insurance p��ceeds shall6e applied to the reuarat�on or repair of the Property or co '.
<br /> '� ,_.�;wc. � � the Secured.Debt;whether or ttot then due. at�eneScissy's option.Aay application of prooeeds to priacipal shall not ��� - '��
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<br /> � .�:�.::: euend or post�ne t�e due date of the sshedWed paym�t aor change the amount of any payment.Any eAae.as tivi11 bepaz d
<br /> . �' '.,'i '.'•' ta t�e Graator.[f the ikoperry�a�quired by,Benefrciary.Tmscor's n t ro aay ianuanflcpolicies aad pmc�s resaiting
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<br /> , . _,�,: � from dam�ge to the P[openy before the acqu�sirion sLall pass to Bcne�iary to ttse cat�u of the�Dc6t immediatety -
<br /> ::�;,:�}` b�fnre theacquisitioa. __`�`�=
<br /> ::,' `.r, .� P.B. FSCR�IV�'QR TAX�S ANU INSURANCE. Unt�othet�uisa provided in a se�atate agzeement,'1'iustor will not 6e
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<br /> requi�ed co pay to Bcneficiary fimds for taaes and insurance in escmw.
<br /> :--�:-`=' � 21. �lAl4iCfAL.REPORIS A41�'D ADDTi�O�lA1.D�1J11�Mi'S. Tnistor will pmvide co BEncficiary upon teq�� �.`;..:�•` .
<br /> ---:-<;—t.._. ._- �iai�te�ot or informativa Beaeficiazy rn�y tteea►ceawnabiy aecessary.Trustor agreea to s�gn.deUcer,and �r .
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<br /> . astdit�onal documeau or certiffcadons diat BeaeFira�y�maY oonsider neoessary co per[oct,continue.and p�esenre Grancar s .",,
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<br /> � � 22.SOI[d�AND iNDiVIDUA4�.lABiL1TY•C0.SgGY�1ERSi fi!lCCF,SS4)AS AN�ASSIGNS B+OlJND.AQ d�des under �� .�
<br />--.. :. $-:<: : this Seruriry Iasuume�aze jamt aad in�daal.if�rustor aigns[his Se�uiry Insmm�eat 6ut does aQt�evidence of �,7..
<br /> '�. . �a , d�ebt, T�astar dues sg onty w mortgagc 1Y�stor's imenest in tbe Pmp to secure�es�t of the Dabt aad � �:,;�
<br /> s:,' ��, , �' ' Tcastor doe.s uat agtee to be persnaslty Hab2e on the S�Debt.U 'istt��oaui'�jr Insuomeut seam�a guaranry bet� ,
<br /> }, ,��. s `� B e a e f e o i a ry a n d T r u s t o r.T r a s t o r a w w a i v e a�t ny�s d t a t m a y p r e v c u t Beae�ic�aty ft+�m Min g i n g an y action or claim _
<br /> :''�',.; .:_:<i�:�, {{ � � against Tmstor or ar�rp�y � unde` the oDTi�a u'on. 'f'h�se ri�ts may include. but aie not luaited w. auy " ._
<br /> �'- � aat3deficiency or oae,aru'on7aws. Ttustor agrees th�t�eaeficiazy and any part�r to this Security lnsmumeat may eaE�d. �`'�
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<br /> ,:,�:. �. modify or�aice aay cbange in the tcm�s of this 5eauity Insttument or atry evideace of debt witDont Ttnstor's oons�t. I���r,�.�'
<br /> � �� - Such a chang wiU nat release 7h�stor fzom the terms oftAis Soauity.tnsu�t.'Ihe duties and 6eneftts of this Seauity ,
<br /> ;,•; ' inst�umit sball bind aad beaefit the sttsce�ois aad assigu4 of Tr�wr an�B�tef�Cial.
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<br /> . • 23. APPLICABLE LA�{►:SEVEL�ABILITY:Q�PI'ERPRETAT[ON.'[his Sec�ity Inmtmu�t is$ovemed by the lzws of the , . ,
<br />- � jurisd"caon iu whic8 BeAe�ciary ts tor�ed.�t to the exteat othe�wisQ ceqnired�y the laws of ttte jurisdction wltece , ;
<br /> -- ti�e ts IaCaied.111is Se�uriiy tme±�+Lsoomp2�ete and fuliy u�iegraled.Th3s Seca[ity Iastroa�eni may«ot be �
<br /> ' .'' a�te or raodified iry aral agreem�t.My section in t�is Securiry Iasuumeut auachments,or anY.agzoemeut celated to �.`'
<br /> •(���' �the Serunad Debt tbat conflicts witL appficable taw w�71 rrot be effecdve.uaiess[�at taw eapcessty or uaplie�y permits the • .:-�-
<br /> ---- - � �-;:``<`•, variations ODy writeea agreemeat.Ifa�r seaion of this 3ecuri Insuument canaot be eafotoed acoordng to its terais,chat ��' �, ��
<br /> . seaion vr�fl be severed and arill not affea the enforceabilicy o�the remamder of tLis Secvrity Insaument.Whenever usod, !
<br /> , tlie singalar sAall incIude the plural aad the pIural tke singWar.'it�e captions aud headings of the sa:tions of tbis Set�uity ' .
<br /> . . �� � IastNmeat aze for ooac�uieace onIy and are aot to 6e used to iaterpret or defiae the terms of this Se�mrity Insuumc,n� ° �
<br /> � ;,�`:' � Time is of the essea�e in this Security Insawaept. .,.�`-:
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<br /> ��,, ' Z0. SUCCESSOR'PRUST�E. BweRciary.at Benefic'�y's option,_may,from ame to�ime temove Trastee and appoirn a ,
<br /> - x suecessor uastee without any other fomiality than the des� on m wntiag.•'[he successor uustee without wnveyance of -
<br /> . .::,`.;�y-:: thep�p�y shall sneceed to aU We dde. Power aad uties confared upon Tmsiee by this S�et�miry (oswmeut �d ,-
<br /> • :s..:•�.`: •.applirab7elaw. _-
<br /> ._ �:'>'i ; : :;,:�`1�IOR'ICE.lJNess o�r��rad bY,law.aa�mn�ice shaU be given by d�iiaerrttg it or by s$ ...�Si;ciass aaad� ��'?`�
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<br /> , , , � to the a�proprlate s adci�ou sra8c 1 0�tbis Security lastnrment,or t�a�ty.at�ec addc�s ��vrieu��, � Y -
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<br /> ; �� ' ' Nodce to one uusto�r ,�wrJI 6e d�ed tA+Tie notice to all trustors. ,' •°'.
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<br /> �'{a � 26. WANF�tS. F.xeept us cise',c�ent�"bited by law,Trostos aaives all agpzaisem�au�����tt�ad exemp6on rigt�. .fa.. '
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<br /> t.a � � :%f 27. �R TEItMS.If�e�,the f�wing ace applicabie to this Serurity Insteumeat: ""
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<br /> , ; �,�a� ❑Une oY Credi�'Ihe�Sec��t inciudes a revolving line of c�edit provision.AIlekt�`y�he Sec+�r�d Debt mayi be '::, ...
<br /> '� �� ��� �duced to a zeru balance.tt¢s�o�uity Insmunent wiU mmaia ia effect until released. :`� . -
<br /> ��-��;�� rr;��` .. ❑ConSMuctEon I.oan.'fhis Security Insuaaaeat 5�an obligadon incuned for the oonsguexia�o�au improveta�t _,,`'�
<br /> �,'� , ,� on the Pcoperry. ,
<br /> .,�k�� �'���;,a,��' . . O Fjxtur�FIliag.Tnistor graats to Beaefrc�iae��risecnriry intcrest in al1 goods that Grantor nwas z+a�o���ia the fa�e .. -
<br /> . , `';r� }..'�::,, and that are or wi11 become.t`iMures related co'the 1tis 5ecuriry tasau�i.,,yzt sufhoe� as a ��
<br /> .,:.,��•,;,, t ProPertY• fiaaatu�.
<br /> ,,' r��i stat�t aud auy c�¢bon,pUoi9�3apl�c or other repm�may be ffied of record for putposes of A�cle 9 oiulis�` , -:'
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<br /> �`��;' . ❑Rtdas.ltte eov�mf.s:. �A�.'ments of each of the ridels ch�be'��•ate inoo:porated into and supplement and Y L S'-
<br /> ... �:, amend the cerr,�w�a�� �' ., L�savment. C6eck aU fis�ble Do�es �• -
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<br /> - [J�Cpndomi�eic;��inter �:�i}m��d Unit Devetopme,u��f15iS�c �Ot�ee:......_.. .�,.,}:,.. ............. , ............ �a
<br /> '�;:f ��tli�nal�ferms. . ' � ' ' . ;�; . .
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<br /> �1a:�` ` 'r SiGN :By s3�g belaw.Tru's[a�ir agrees[o the cerms aad covenants oontainod in this��urity instmment and ia any �en t::•
<br /> `r'��'+�y'� � � �• atta .Trusto �nw2 py of this 3c�curi lnstrwnent on tfte date sG'�ted on a e 1.
<br /> S�� , edges receipt of a ce ty P 8
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<br /> ': , • ,,f ';� ACKNOWLEDGME!!PIl'• ,
<br /> � - :.�:.:;.:� ��" S7`ATE OF •.��r. .�.,.�.�k......:..........................COUNTY OF A�rS.... ...........j
<br />_ . � � °°�"""�' .Tbis� �++,�n�was a�ao�vledged before me this. ..�........day of.........��.?:��$.............�.
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