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<br /> Unics�;athcrwisc iogrecd in writing,all insu�imcc prucccds s����u n�,�rnit�a<<��n�r�t�r►►tic►i,�'�r rep�ir i�fin.:r���n���y
<br /> nr tc�Utc Sccured Dcbt,whcthcr or not thcn duc.t�t I.�ndcr'ti option.AnY iipplication of pn�ccds to principi�l sholl��ut
<br /> cxtend ur pa.r•I�wnc thc duc datc of thc uhcduicd paymcnt nur chun�c thc umuunt�►F any ptiymcnt.Any cxccc.r will bc
<br /> paid ta thc Cirentc�r. If thc Praperty is ecquircd hy l�:ndcr,(3rmitur's right to finy insuruncc pulicicy unci pracccds
<br /> resulting from dnmagc ta thc Property txfnre thc r�cqulxitlun tihull pass tu L�:ndcr tu thc c:xtcnt ui thc Sccurcd Dcht
<br /> immcdiatcly befarc thc ecquisition.
<br /> Z0. ESCROW F'O!t TARt�w I►�NA)IN9URANCF:.i inlesv othenvisc pruvided in a sepnn�tu uFreemcnt,C)rnntor will nnt
<br /> be required to pay to Lcndcr funds for taxes nnd insurencc in escraw.
<br /> Zl. FINANCIAL REPORTS ANll ADDITIONAL DO(;UMENTS.arantar wlll provide to l..ender upnn request,any
<br /> �nancial statement or tnfarmatlon Lendcr may dcem rcusonably n�cessary. Grnntor agrces to sign,dclivcr,and filc
<br /> any addittanal documents or certiticattons that Lender mny considar necessary to perfcct,continue,end preserve
<br /> drantor's obligations under this Sccurity Instrumcnt and L.ender's IIen status on the Property.
<br /> 22. JOINT AND INDIVIDUAL I,iABlLITY;CO-SIGNERSi SUC(;ES30RS AND AS9IGNS BOUND. All duties
<br /> under this Security Instrument are Joint und individual.lf GrAntor signs this Sr.curity Instrument but dacs not sign c�n
<br /> evidence of debt,Grantar does so only to mortgagc Grantor's interest in the Property to securc puyment of the
<br /> Secured Debt and Cirantor does not agree to be personally Ifable on the Secured Debt. If thfs Security Instrument
<br /> secures a gueranty between Lender und Grantor,Cirantor egrees to waivc any rights that muy prevent Lender from
<br /> bringing any actton ar cletm against(3rantor or aay party indebted under the obUgation.These rights may include,but
<br /> are not limited to,any anti-defic�ency or one•action laws.Grantor agrees that Gender and any party to thit Security
<br /> Instrument may extend,modify or makc any change in the terms of this Sccurity Instrument or any evidence of debt
<br /> without Grantor's consent.Such a change will nat reieas�:Grantur fru►n tQe tei•ats of thls Security Inmument.Thc
<br /> dutles and benefits of this Security Instrument shall bind and bene8t the suocessors and assigns of Grantor and Lender.
<br /> 23. APPI.ICABLE LAW;5EVERABILITY;INTERPRETATION.This Security Instrument is governed by the laws of
<br /> the jurisdictlan in whtch Lender is located,except to the extent otherwise required by the laws of the jurlsdictton
<br /> where the Property is located.'11►is Securlty Instrument is complete and fully integated.This Security Instrument msy
<br /> not be Qmended or modified by oral agreement. Any section in this Secudty Instrument,attachments,or any
<br /> agreement related to the Secured Debt that conflicts with applicable law wili not be effective,unless that law expressly
<br /> or impliedly permIts the variations by written agreemeaG�f any section of this Security Iastrument cannot be enfocced
<br /> accordiag to its terms,that sectian will be severed and will not affect the enforceabUity of the remainder of this
<br /> Security Instrnment.Whenever used,the singular shall include the plural and the plural the singular.'i'he caplions und
<br /> headings of the secdons of this Security Instnunent are for conventeace only and are not to be used to intetpcet or
<br /> deGnc the terms of this Security Instrumeat.Time is of We essence ia this Security Instrwnen�
<br /> 1A. SUCCESSOA TRUSTEE.Lender, at L,ender's option,may ftom time to time remove"t'rustec and appoin[ a
<br /> successor tevstee without any other formality than the designatIon In wrlt�ng.The successor trust�e,without
<br /> conveyance of the Property,shall succeed to all the t[de,powar end dutles coafened upoa Trustee by this 5ecurity
<br /> Instrument aad applicable law.
<br /> 25. NOT[CE.Unless othezwise required by law,any notice shall be given by delivering it or by mailing It by ficst class
<br /> mail to the appropriate party's address on page 1 of this Securlty Insnument,or to any oWer address desigiated in
<br /> writtag.Notia to one grantor will be deemed to be•notice to all grantors.
<br /> 26. WAIV�RS.Except to the extent prolu6ited by law,Grantor waives all appraisemeat and homastead exe�apCan rights
<br /> relating to the Property.
<br /> Z'f. OrIHER TERM.4.If cbecked,the following are applicable to this S�curity Instrumen�
<br /> ❑ Li�e ot Cic�edit.'Ihe Secured Debt includes a revotving line of credit ptovis[on.Although We Securrd Debt
<br /> may be reduoed to a zero balance,this Security instrument will remain!n effect until releseed.
<br /> ❑ Co�tnctto�Laiw.Tbis 5ecurity Instrumcnt secures an obligution incuned for tht conatructton of an
<br /> ianprovemeat on We Property.
<br /> ❑ I+Gctrre E�.Cirantor grants to L.ender a security iaterest in al�goods that(3ranter owns now or in the
<br /> future and that are or wtll become Cixttttes related to the Property. This Security Iastrument su�ioes�s a
<br /> finandng statement and any carbon.photogcaphic or oWer reproductton may be filed of record for pucposes
<br /> of Article 9 of the Uniform Cammerciai Code.
<br /> CI Riden.The cavenaats aad agreemeats of each of the riders checked below ar�incorporeted into aad
<br /> � supplement and amend the terms o�this SecurIry lnstrumea�[Check all applicable boxes]
<br /> ❑Condominium Rider ❑Planned Unit Development Rider ❑Other........................................_...,.............
<br /> O Adihlod Te�s�.
<br /> SIGNATURES:By signing below,Grantor agcees to the terms aad oovenaats conteined ia this Security Instrumeat and in
<br /> any attachments.Grantor also acl�nowtedges recetpt of a copy of this Security Iastrument on the dnte stated on page 1.
<br /> ' . . ..r... � .. ... 6.-..7-97 .........................................................................
<br /> .. ............ ................. .............
<br /> ( gueure) CATHERINH ANN PORTER (�aee) (sign�mro) (D+�)
<br /> \
<br /> ACKNOWLEDGMENT:
<br /> STATE OF......�4.',.R,.N.s�.A..�.. ........... ..............courrr�,r oF....�.h��...... .................�SS.
<br /> .. . .. ...............
<br /> o�a�„a�.n 'I'his in,�•rur� nt was uc� owle befp re me this...../..7..... day of.. ll..t7�....,����7............................
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<br />_ by....Gr�il�T..�,Cr�l�t.?!C....�f.l,lZt.t..... ...11/�f..:...................�� ...... .� ....�c-t...................... ..........................................
<br />- My cammission expires: �"��•�• �
<br /> .... ...,r.�....... ... ..�C.F..',�al.'G�.�.:....................
<br /> � M�AIMY 11NtlC•M�M�I I�wM �/y'i�/�%tf�l�ddX-w���`�
<br />- � � RICHARDSf�M
<br /> , 'o,es�s�+�«. .Mlti 0� � �vege�t or��
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