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<br /> Unless othenvlse agreed in writing.all insurance proceecis shall be applicd ta the re'storaUon or repair of the Progerty
<br />_ ' � � or to the Secured Debt,whether or not then due,at Lender's option.Any application of proceeds to principal shall not �
<br /> : extend or pastpone ths due date of the scheduled paymeat nor change the amount of any payment.Any excess will be �
<br /> '��` paid to the Grantor.If the Properiy is acquired by Lender.Grantor's right to any insurance poGcies and procccds K
<br /> ' resulting from damage to the Property before the acquisidon shall pass to Lender to the extent of the Secured Debt �
<br /> � linmediatety before the aoquisidon.
<br /> . ,��_s;�»�r. ZO. ESCI�OW FOR TAXES APTD INSURANCE.Unless otherwise provided in a separate agreement,Grantor will no� �;
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<br /> �` ---�� ., f, be required to pay to L.eader funds for ta�ces and iasurance in escraw. �
<br />: �. •'�•;;��;, 21.FINANC[AL REPORTS A1VD A�bDDi7�dONAL DOCIJMENTS.C3rantor wiU provide to I.ender upon request,any �°:
<br /> •'-��'���•��'� financlssl statemeat or iufotmation Lehder may deem reasonably necessary.Grantor agrees to sign,deliver.and ftle �
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<br /> , •����. ;_ any addiHonal documeats or certificarions that Lender may consider necessary to perfect,continue,and preserve
<br /> �, � Grantor's obligations uader this Security Instnunent and Leader's lien status on the Property.
<br /> � � � 22.JOIIVT AND WDIVIDUAL LIABILTI'Y;CO•SIGNERS;SUCCESSORS AND ASSIGN3�OUND. All dudes
<br /> ". under this Security Insmiment are joint and individual.If Grantor slgns this Security Instrument but docs not sign an
<br /> " ' evldence of debt,Lirantor does so only to mortgage Grantor's interest in the Property to secure payment of the
<br /> Secured Debt and Cirantor does not agree to be persanally liable on the Secured Debt.If this Security Instrument
<br /> isecurea a�uarenty hetwcen L.endcr und druntur.C3r�ntor a�recs tc�waivc nny�iFhts that may prcvenl Lrnder fram
<br /> bringing any action or claim ageinst Cirantor ur ac►y party indebtal►�ndur thr ubligutiun.Tliesc rights may include,but
<br /> --� arc nat limitcd ta.as►y�eti-dcffdency or osse-astton 4nws.Orantor egrces that Lender and any party to this Security
<br /> Instrumcnt mAy extcnd,modity ar make any change in the tcrms af this Securily instrumcnt or any evidence of dcbt _
<br /> .. .� , wlthaut Cirnntor's canscnt.Such a changc will not rcleasc Gruntor tram thc tcrmsof this Sccurity insuumcnt.71��
<br /> , dutics and benctits nf this Securiry Instrument shall bind and benefit the successois and assigns of Orantnr and Lender.
<br />. ..,��,�,M ' 2�3. APPLICABLE LAW;SEVGRABILITY;INTERPRETATION.This Securlty Instrument is governed by the laws of
<br /> ,.�,,; 1; the jurisdiction in which I.ender is located,except tn the extent otherwise required by the laws oF the jurlsdlction
<br /> wherc the Property is located.Thia Securiry Instrument is wmpictc anc!fully intagrated.This Security Instrument may
<br />._�,`t;�;� � not be amended or modi�ed by oral agreement. Any section in thls Secudty Jnstrument,attachments,or any
<br /> _ , agreement related to the Secured Debt that confUcts with applicable law wW not be effective.unless that law expressly
<br />'�'s�s n=,��� or impliedly permits We variarions by written agreement.lf any section of this Secudry Instrumeat cannot be enforced
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<br /> ace�rding to its terms,that section will be severed and will not affect the enforceability of We remainder of this
<br /> :_s��,:;�j Sscurity Instrumen�Whenevex Used,the singulsr shaU include the ptural and the�1uraIl the singular.The captions and
<br /> 4��,.����r�* headings of the secrions of 4his Seciarity Instrtament are for convenience onf�r a¢neB aze not to��usee!to Interpret or
<br /> �__._�.i define the terms of t9us Security Iais¢r�nent 1"�nree is of t6ne essenoe ia�this Secuuity Hnstsamen�
<br />_�;�Yhi., .
<br /> _.;.,?- �3.SUCCESSOR TItUSTEE.Lender.at Lend�r's option,may ffrom time to time remave Trust�e and appoint a
<br /> -`_-_ —:�� successor trustee without anp other formality thaq the designation ia waiting.TH�e successor trustee.without
<br />=-_=—'.'A� convcyance of the Property,shal!succeed to all the title.power and duties confene�upon Trustee by this Securfty _
<br /> ' �` �°'`+�° Instrument and applicable law.
<br />_-�::ss.'�itt.,tE!�trv.
<br /> `•''`<'y�'� � ���� 2S.NOTTCE.Unless otherivise required hy law,any notice shall be�ven by�leiivering nt or by mailing it by fust class
<br /> ••;�%%i i` ( 1� .
<br />`•`��•- � mail to the appropria�:Aarcy s address on page 1 of this Security Instrument,or to am}ather address desig�ated in
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<br />��_��:�f�����'r;; .,.?:;,, �.. writing.Not�ce to onB granxor wip be deemed to be notice to uU grantois.
<br /> -���:+��'S�Si�G. 26.q+AIVERS.Except to the extemt prahibited by law.Grantor waives all appraisement amd homestead exemption rights
<br /> _°_"�'"'�"`:`= relating to the Property. '
<br /> ---_ — 27.OTI�R TERMS.If checked,the Ba�ltawu�g as�appllcable to this Security Instrument:
<br /> " --- � Line oi Cred[t.'I'he Secu}�er�"Debt utcludes a revolving line of credit provisiori.Althoagh che Secured Debt
<br /> -- -� may be reduced to a 2ero tittlaace,this Security Instrument will remain in effect until released.
<br /> ,;�+� ❑ Canstructton Loan.This Security Instrument secures an obligation incurced for the construction of an
<br /> _—�_:;�,�,;;; impmvement oh the Property.
<br /> �r,k" ❑ Fixture I+Sfiag.Grantor grants to Lender a security interest in aU goods that f3rentor owns now or in the
<br /> :!`�`1�:�� future and it�at are or will become fixtures related to the Property. This Security Instrument suffices as a
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<br /> ..:„.� 6nancing statement aad any carbon,photogtaphic or other reproduction may be fded of re°ord or purposes
<br />-_ �_����� of Article 9 of the Uaiform Commenial Code.
<br /> �_�� ❑ Rtders.The coveaaats aad agreements of each of the riders checked below are incorporated into and
<br />:.:::�::�_== suppiement and amend the temis of this Security Inswment.[Check all applicable boxes]
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