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<br />_ ��;: Unlcss c�thcrwisc��grced in writing,uU insuramcc pn�cccds shall bc npplicd tc�thc roslurutiun or rcpair of thc Pruperty �'�
<br /> F`• or to the Secured Debt,whether or not then�ue,at I..e:nder's option.Any t�pplication of procceds tu principal shall not
<br /> extend ar postpone the duc dete of th�:schcduled payment nor change thc i�mount of nny p�+ymcnt.Any excess will hc �>_�_
<br />• � , � paid to the Grantar. If tite Property is ncquired by I.endcr,Grantor's right to nny insurance policics imd proceeds �J:TM
<br /> � resulting from damagc to thc Prope:rty before the acquisiNon shail p�ss to Lender to thc cxtent nf the Securcd Dcbt �
<br /> � immedi�tely beforc thc acquisition. �=-
<br /> �:��is� Z11. ESCROW FAR TAXES AND INSURANCE.Unless othenvisc pravided in<<ticparaw abrccnwnt,Grantor will not �-_
<br />_ � be req ui r e d t o p ay t o I.e n d e r f u n d s f o r t a x e s a n d i nsurance in escrow. _
<br />"f= 21. FINANCIAL R�POR'I'S AND AD�ITIONAL DOCUMENTS.Grantor will�mvidc to 1.c:ndcr upon rcyucs t,a ny _
<br />_�M�T financial statement or information I.cnder may decm rcasonubly neccssary. Grantor ngrecs to sign, dcliver,and Cilc
<br /> �"� any additional documents or certifications that Lender may consider necessary to perfect, cont.inue, and preserve —
<br /> � Grantor's obligations under this Security lnstrument and I.ender's licn status on the Property.
<br /> 22. JOINT AND INDIVIDUAL LIABILITY; CO•SIGNER S;S U C C C S50RS AND A3SIGNS ROUND. All dutics
<br />'_ :t.,,� ; undcr this Security Instrument are joint and individual.If Grantor signs ihis Security Instrumcnt but does not sign an
<br /> r,,:';;• evidence of debt.Grantor does so only to mortgage Grantor's interest in thc Property to secure payment of the
<br />�-' Secured Debt and Grantor does not agree to be personally liable on the Secured Debt.If this Secunty Instrument
<br />?�i..• � secures a guaranty betwecn L,ender and Grantar,Grantor agrees to waive any rights that mny prevent Lender trom
<br />-'-'r�''� _ ��.�' bringing any action or claim against Grantor or any party indebted under the oNligation.These rights may include,but
<br />°"°� are not limited to,any anti-deficicncy or ane-action laws.Grantar afirces that Lender and any party to this Security
<br />�� • ^ Instrument may extend,modify or makc any change in the terms of this Security Instrument or any evidence of debt
<br />;��•;��.����';: without Grantor's consent.Such a change wdl not release Grantor from the terms of this Security Instrument.The _
<br /> � duties and beneGts of this Security Instrument shall bind and benetit the successors and assigns of Grantor and Lender.
<br />�e;. .,,:���• . 23, APPLICABLE LAW;SEVERABILITY;INTERPRETATION.This Sccurity Instrument is governed by the laws of
<br />- the jurisdiction in which L.ender is located,except to the extent otherwisc required by the laws of tlie jurisdiction
<br />- ..� , where the Property is located.This Security Instrument is complete and fully integrated.'Y'his Security Instrument may
<br />'`�� � �;� not be amcnded or modified by oral agreement. Any section in this Security Instrumcnt, attachments, or any
<br />-. . . agrecment related to the Secured DeUt that conflicts with applicablc law will not be effcctive,unless that law expres�ly
<br /> �,,. ; or impliedly permits the variations by written agreement.If any section of this Security Instrument cannot be enforced
<br /> - according to ids terms, that section will be severed and will not affect the enforceability of thc remainder of this
<br /> .Security Instrument.Whenever used,the singular shall include thc plural and thc plural the singular.The captions and
<br /> hcadinfis of thc sections of this Security Instrument are for convenicncc only and are not to be used to interpret or
<br /> !� '�' � de6ne the terms of this Security Insuumcni.T;�«e is of ihc cW�rz=in!h�`?�P�urity Instrument.
<br />�, ... .
<br /> 24. SUCCESSOR TRUSTEE. Lender, at Lcndcr's option, may from timc to time remove Trustee and appoint a
<br /> successor trustee without any other formality than the designation in writing. The successor trustee,without
<br /> -�"��'�•��`�' ' conveyance of the Prc►perty,shall succeed to all the title,power and duties conferred upon Trustec by this Security �
<br />�" '.� .K'?',
<br />- '•�•-•.Y•�.� Instrument and applicablc law.
<br /> �:�?:,�::�.:. .
<br />=A;�,�,,.���. ., . 25. NO'1'ICE.Unless othenvise requircd by law,any notice shall be given by delivering it or by mailing it by first c ass
<br />;v,�;,•,,...,,,„��_ mail to the apprupriate party's nddress on page 1 of this Security Instrument,or to any other address des►gnated in
<br /> :�;..:,;... -�?�:, writing.Notice to one grantor will be deemed to be noticc to all grantors.
<br />--- �:x��r�; 26. WAIVERS.Except to the extent prohibited by law,Grantor waives all appy'aisement and homestead exemptian rights
<br />';�;�4',�"rt�'�r relating to the Property.
<br />=_:s-br,"�;`,F�' 27. QTHER TERMS.If checked,the following are applicable to this Security Instrument:
<br /> __.._Rr__._,
<br />= �-�_ � Line of Credtt.The Secured Debt includes a revolving line of credit provision.Although the Secured De t
<br />-�+;�f>;;�i� may be reduced to a zero balance,this Securiry Instr�ment will remain in effect until released.
<br /> r;:���:r•y;rr ❑ Construction LoAn.This Sccurity Instrumcnt sccures an obligation incurred for thc construction of an
<br />- . improvement on thc Property.
<br />- � � . ❑ Fixture Filing. t'irantor grants to Lendcr a sccurity intcrest in aU goods thnt Grantor owns now or in the
<br /> �_°,�€�'", J future and that are or will become fixtures related to the Property.This Security Instrument sufCces as a
<br /> ,_.:,;:'"". : � financing statement and any carbon,photographic or othcr reproduction may be�led of record for purposes
<br /> �-• •a- • of Article 9 of the Uniform Commeccial Code.
<br /> -.�•�_ ..
<br />=y�.r��•••���-•• ❑ Ridere.The covenants and agreements of each of thc riders checked below are incorporated into an
<br />- .. �.,...
<br />-� . •� . supplement and amcnd the terms of this Security Instrumcnt.[Check aU applicable boxes
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<br /> -- � ❑Condominium Ridcr ❑Plenned Unit Development Ridcr Other................................
<br /> ' '' � ❑ Additional Terms.
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<br />_ j SIGNATURES:By signing bclow,Cirantor agrees to the tcrms and covenants containcd in this Security Instrument and in _
<br /> ' ` any attachments.Grantor also acknowledges receipt of a copy of this Security Instrument on the date stateJ on page 1. _
<br /> ., _
<br />- � ....,.. ... t-.. .�.�.:f.. ..12/26/97 , .....��.�� ' �,�2�,?,6�97
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<br /> T. ��(Datc) (SiFnuwrc) KATHI EN J AUFDEMBkiSCCiE �Dntc)
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<br />" ACKNOWLEDGMENT:NEBE2ASKA UN y HALL y,
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<br />- My commission expires• - � ����-�
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