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<br /> � Unlesti othcrwisc agned in writing,ull insuiancc procceds shall hc applicd tu thc restori��ion ur rcpair uf thc Property ��r___
<br /> or to thc Sccurcd Debt,whcthcr or not then duc,at l�;ndrr's uption.Any upplicatiun��f procccds lo principal shall not
<br /> >�� extend or postp�me the duc date of the scheduled payment nor ch�mge the amount c�f any payment.Any excesswill 6e --
<br /> pnid to thc Grantor. If the Property is ua�uired by Lendcr,Grantor's right to any insuri�ncc policics and procccds
<br /> . resulting from d�magc to thc Property before the �cquisition tihall pass to l.cndcr w thc extent af the Sccured Debt
<br /> N.� immcdiatcly beforc thc acquisition. '-v=-�
<br /> ' 20. F.SCRdW FOR TAXES AND INSURANCE.Unlcss othcnvisc providcd in a scparutc agrcemcnt.Grantor will not �s iT_
<br />. •�+ bc rcquired to pay to LcnJcr funds Cor taxcs and insurancc in cscrrnv. �__ . _-
<br /> � 21. FINANCIAL REPOR7'S AND ADDITIONAL DOGUMEIVTS.Grnntor will providc to l.�;ndcr upon requcst. any
<br /> �� �nancial statemcnt or information L.ender may decm reasonably neccssAry. Grantor agrecs to sign,dclivcr,and 6Ic
<br /> Any additional documcnts or ccrtifications that Lender may consider ncccssury to perfcct, continue, and preservc
<br /> Grantor's obligations under this Security Instrument and I,cnder's lien status on the Praperty.
<br /> 22. JOINT AND INDIVIDUAL LIABILITY;CO-SIGNGRS;SUCCE:SSORS AND ASSIGNS BOUND. All dutics
<br /> , � under this Security Instrument are joint and individual.If Grantor signs this Security lnstrument but does not sign an -f_.—.
<br /> � evidence of debt, Grantor does so only to mortgage Gruntor's intcrest i�i the Property to securc paymcnt of thc
<br /> � Secured Debt and Grantor does not agrce to bc personally liable on the Secured Debt. If this Security Instrurnent _
<br /> secures a guaranty between Lendcr and Grantor,Grantor agrces to waive any rights that may prevent I.ender from
<br />� bringing any action or claim against Grantor or any party indebted under the obligation.These rights may include.but
<br /> arc not limited to,any anti-deficiency or ane-actiun laws.Grantor agrees that Lender and any party to this Security
<br /> Instrument may extend,modify or make any change in the terms of this Security Instrument or any evidence of debt
<br /> �vithout Grantor's cansent. Such a change will not release Grantor from the terms of this Security Instrumcnt. Thc
<br /> dutics and benefits of this Sccurity Instrument shall bind and bcnefit the successors and assifins of Grantur and I-endcr.
<br /> 23. APPLICABLE LAW;SEVERABILITY;INTERPRCfATION.This Security Instrument is governed by the laws of
<br /> thc jurisdiction in which L.ender is located, except to the extent otherwist required by the laws of the jurisdiction
<br /> where the Praperty is located.This Security Instrument is complete and fully integrated.This Security lnstrument may
<br /> not be amcnded or modified by oral agreemcnt. Any section in this Security Instrument, attuchments,or any _
<br /> ; agreement related to the Secured I)ebt that conflic►s with applicable law will not be effective,unless that law expressly _.,
<br /> or impliedly permits the variations by written agreement.If Any section of this Security Instrument cannot be enforced
<br /> according to its terms,that section will be severed and will not affect thc enforceability of the rt;mainder of this
<br /> Security Instrumcnt.Whcnever uscd,the singular shall include the plural and thc plural thc singular.The captions and
<br /> headings of the sections of this Security Instrument are for convemence only and arc not to be used to interpret or
<br /> define thc terms of this Sccurity Instrument.Time is of thc essencc in this Security Instrument.
<br /> -._.,_-, �. ;u��i�.,��vm m��1CTEF, L�n��r, at l.endcr'sortion. mav from time to time remove Trustee and appoint a
<br /> successor trustee without any other formality than the designation in writing. The successor trustee,witnouc
<br /> conveyancc of thc Property,shall succecci to all the titic,power and duties conferred upon Trustee by this Securiry
<br />- Instrument and applicable law.
<br /> 25. NOTICF.Unless otherwise required by law,any naticc shaU bc given by dclivering it or by mailing it by fiist class
<br /> mail to the appropriatc party's address on page 1 of this Security Instrument,or to any other address dcs�gnatcd in
<br /> writing.Notice to one grantor will be deemed to be notice to all grantors.
<br />- ' Z6. WAIVERS.Except to the cxtent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br />- relating to the Property.
<br /> 27. OTHER TERM3.If checkcd,the following�re applicable to this Security Instrument:
<br /> � Q{ Line ot Credit.The Secured Debt includes a revolving line of credit provision. Although the Secured Debt
<br />- ,. may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br />" � , ❑ Construetion Lo�n.This Security Instrument secures an obligation incurred for the coustruction of an
<br /> improvcmcnt on ihc Property.
<br /> ❑ Fixture Filing. Grantor grAnts to Lendcr� security intcrest in all goods that Grantor owns now or in thc
<br /> futurc and thut are or will become fixtures related to the Property.This Security lnstrum�nt suffices as a
<br /> , financing statement and any carbon,photographic or other reproduction may be filed of record forpurpose� _
<br /> �� • of Article 9 of the Uniform Commercial Code.
<br /> ' ❑ Riders.The covenants and agreements of cach of the riders checked belaw are incorporatcd into And
<br />- �•• • supplemcnt and amend thc tcrsns of this Sccuriry Instrument.[Chcck all applicable boxes]
<br /> � � ❑Condominium Ridcr ❑Planncd Unit Devclopment Rider ❑Other..........................................................
<br /> r ❑ Additional'ferms.
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<br /> ' SIGNATURCS:By signing bclow,Grantor agrces to the terms and covenants contained in this Sccurity Instrument and in �;,
<br /> any attachments.Grantor also acknowicdges reccipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �'� / � I �/ l 0/��" ,5.1-.'.:C:S�P.,/.`!-?,. ..... �'�I 0/`1'
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<br /> .5l..f ............................................. .. .......... ............. .Datc
<br /> �s����,�urc�.. I�.�l.l�: I:I�11:hS Ibatc) (Signaturc) ('.\k�111:X CI'.+1GRS
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<br /> ACKNOWLEDGMENT: ,�� �q�Z r\ti h,1 I I.\I.I.
<br /> STATE OF.....:................. ....� ................... ......... s.
<br /> ............................^...... 'Ol�N �OF
<br /> .U�' day of ��T17'T"1"�il't1°f'."
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<br /> � My commission cxpires: �� �
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<br /> (Nutary Public)
<br /> � III GEHERAI NOiAR1'•Sl�le o19eMub
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