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2� 17��295 <br /> Un��ss otherwise agreed �n wr�tzng, aI� �nsurance roceeds shall �e app�ied �� th� res�oration �r repair of�he Pro er� or to <br /> �e Secured D�b�, whether or not �hen due a� ��nefzc� • • �' <br /> , ary, s �p��on. An� applz�atro�. of proce�ds to prznc�p �hall no� <br /> extend ar pos�p�n� th� due date,of th� scheduled payr��n� nar change �he amoun� �f any payment, Any excess wi���be aid <br /> to th� �rantor. �f the Pra �r�y �s ac u�r�d b Benef�c�ar T ' • • <br /> � q y , , y, rustor s r�gh� ta any �nsuran�� p���c��s and proce�ds resu��n <br /> from dama e �o �he Pra er� befor • • g <br /> g , . , p y e the aCquzs����n sha�� pass to B�nef��iar to the �x��nt of the <br /> before�he acqu�s�t�on. <br /> � Secur�d L�� <br /> bt zmmed�ately <br /> Z�. �S�R�'�'V �'�R TA�ES. A�ND INSURA��E. Un�ess otherw�se provzded in a separa�e �greem�ent, Trustor wili na� �e <br /> requ�r�d�o pay�a Ben�f�c�ary fu�ds for�ax�s and �nsu�rance�n�scraw. � <br /> 21. FINANCYA�L REPC]RTS AND ADDIT��NA� D��U�VIEI��'S. Tru.s��r vvil� prav�de �o Benef�cxary u on re uest, an <br /> financza� s�atement or informat�on Benef�ciary may deerx�.�reaso�abl� nece�sar . Trustor a rees �fl si ri de�v�r q y <br /> addztzo�xa� documents �r cer��f��atlans tha� Benef���ar ma �onszder necessar to e � • � s � a�zd fi�e ar�y <br /> �'. y . Y p rfect, cor�t�nue, and preserve Grantor s <br /> ob�igations under this S�curit� �ns�rum,ent and Benefic�ary s I���.sta�us on�h�Praperty. , <br /> Z2. JC)I�IT AND IND�II3UAL LIABI�I'I``I'; �Q-SIGNERSy,�UCC��S�RS AND ASSI�NS B��JN�. AI� duties under <br /> th�s Securit� �ns�rum�nt are�Q�n� and �ndivzdual. �f Trus�or szgns �h�s ►Security �nstrumen� �ut do�s not s�gn an evid�n�e �f <br /> de��, Trustor does so anly �o mor�gage Trustor's in�er�st in the Pro �rty to secure ayment of the S�cured Debt and Trus�ar <br /> does not agree t� be personal�y �zable on th� �e�ured De�t. ��th�s ' <br /> Securzt �n��ru e <br /> B�n��c�ar� and Trus�ar, Trus�or ag re�� tn waive an rights �hat ma rewen� gen f c• � n� ���ur�s a guaranty be��veen <br /> a axn�t Trustor �r ar� ar� �nde�t�d � . �'� , � �a from�zxng�ng any a�t�on or c�aim <br /> � under �he obl� at� • - <br /> . . �' � Y an. These r� h�s m,a �nc�ude <br /> � . g Y , but are no� lzrn�ted ��, an <br /> ant�-de��zency or one�ac���n ��.ws. Trustor agre�s �h�t Ben�fic�ary and any par� to this Securi� �n�trun��nt n�,a �x�en� <br /> mod�fy or xnake any change �n th� terms af thzs Securi� �zastrument or an �W�dence y ' � ' <br /> Su�h a chan � vv��� not release Trr�star from �he terms of� ' y af de�t wl�hou� Trus�flr s consent. <br /> h�s Security �ns�rurx�ent, 'The du�zes and ben���s of this S�cur��y <br /> �nstrument s a�� bind and ben�fit�h�su�ees�ors and asszgns of Trustor ar�d Be�ef�czar�. � <br /> 23. A,PPLICAB�� LA'W; SEVERA�B��I'�Y; �NT�RPR�TA'�Z�N, This Security �ns�rument �s governed b the Iaws �f the <br /> �zour��diction in wh�ch Bene��iary �s �oca�ed, exce�t to th� extent o�herw�se re uired by th��aw� of the 'urisd�c�i�n w <br /> ert i ' • . q . . � here the <br /> p Y s �ocat�d. Th�s S��u��ty ��strument �s com Ie�e and fu�I ���� ra�ed. T � <br /> amended or m.�difz�d b ��a� a reeme�.t, An sect�an 'P ' • y � � s Securzty Zns�rumen� may not be <br /> t h� Secured D�b� that c yn ' g ' • � �� �h�� ����r��y �����m�n�� ��t a c h m e n�s, Q r a n�r a g r�e m e n� r��a�e d t o <br /> . . , � f�z c�s w�t h a�p l��a b�e I a w w�l l n a� b e e f f e c��v e, u n�e s� �h a� I a w �x p��s s�y o r �m p��e d l y p e r m z�s t he <br /> v a r�a t�o n s b y w r����n a g r e e m e n t, �f a�y s e c���n o f t h i s S e c u r i�y �n s t r u m e n t c a n n�t b e �n f�rce d accor dzng �o �ts term�, that <br /> sectl�n w��� b� severed and w�ll not affect �he enfor��abzl��y of the rema�nd�r of this Se�urity Ins�rum�nt. �Vh�ne�er used, <br /> the sxngu�ar sha�I �nc�ude the plural and the plura� the s�n�ulaz, The captiflns and headings �f the sections of this Secur�t <br /> �ns�rumen�are for con�enience on�y and are not �o be used to interpre�ar defzne the t�rms of this �e�ur�t �nstrumen�. Time <br /> . �s of the essen�� �n thzs S�curity Instrument. �' <br /> 24. SUC�ESSC]R TRUSTE�. Beneficxary, at B�n�fi��ary's, ap�i�n, may from. t�me to t�m.� rema�e Trustee and a o�nt a <br /> suc�essor�rustee wzthout an o�h�r forxna�it �han �he d�s�gnation �n � � �� <br /> �he Pra ert sha�� su����d�t� a�� the ' y rzt�n�. T�e success�r�rust�e, wzth�ut conv�yance of <br /> P y f tzt�e ower and dut�es confe e <br /> a ����������, f p rr d upon Trustee b� �h�s 5ecurz�y �nstrument and <br /> �p <br /> �5. N�TI�E. Un�ess otherw�s�requ�red by�aw, any no�i��shai� be gzven by de��vering it or b�mail�n i�b �rst c�ass ma�� to <br /> the appropr�ate�arty s addr�ss on page � of�his Secur�ty �nstrumen�, or to an other address desi na�ed zn w ' ' <br /> to ane trustar w�Il be deexned t�be notic�to aI� trus�ors, <br /> Y g r��zng. Not�ce <br /> 2G. �YAI'V�R�. Excep� to �h� ��tent pr�hibited b�r �aw, �'rustor waives �I� appraisemen� and h�mes�ead exemp�ion r�gh�s <br /> rela��ng �a the P�op�r��. <br /> 27. �'�`I�R T��tMS. If checked, the f��lovv�ng ar� ap���cable to th�s Secur�ty �nstrum�n�; � <br /> �L�ne of Cred�t. The S�cured Debt znc�ud�s a r�volv�ng �ine of credit provi��on. A�thaugh �he Secur�d �]eb�rna be <br /> y <br /> reduced t� a zer�ba�ance, this Secur��y Instrument���� remain in effect until r�Ieas�d. <br /> � ��ns�ructiion Laar�. Thzs Securit� �nstrument s�cures an ob�igation �ncuzred for the construct�on of an <br /> improvement on�he Prop�rt�. <br /> ��`ixture��Ixng. Trustor gran�s �o Beneficiary a security in�erest �n a�� go�ds tha� �ran�or o�vns n�v� or in the fu�ure <br /> and tha� are or `,vi�l �e�ome f�xtures rela�ed to �he Proper��. �'h�s Security �nstrum�.�nt suffic�s as a �nanc�ng <br /> sta��ment and any �a�ban, pho�o�raph�c ar other regroductian may be f�led nf r�cord far purposes of Ar�zcie 9 of <br /> ��e Uniform�ommer��a� �ode. <br /> � lt�ders. Th� covenants ar�d agreements flf �a�h of th� riders checked below are incarporated into and su Iement <br /> pp <br /> and amend the�erms of�his Se�urity �nstrumen�. ��heck aII applicab�e�oxes� <br /> C.� �on�.om.�nzum.�ider [� P�anned Unzt Deve�opmen� Rider [� a�her <br /> . � A.d���iana�Tern�xs. w�_____.��.__..______...__��...._._._�-- <br /> S��NATIJ�tES; By szgning belo�v, Trustor agrees ta the terms and co�enants contained in this Secur�ty �ns�rument and in any <br /> attachmen�s. Trustor alsQ ackn�wi�dges receip�af a capy �f xhis Secur��y �nstrumen�on the date.��ared on page �. <br /> . <br /> � <br /> � � �� � � <br /> ..._��} _�_... __ `�``___�__.��. .��.�...__�.�._�� �- � ` ...� ..�.�.- ' �. � ,� � � „-- � <br /> �_ _.._ � �..� _� _ ��.._�_� . _�_�.._w._�.T�._...___ _��.._/� <br /> Si na � -� <br /> � g ture} Pau� H Mader �Date} �SFgna�ure}Jay�ee N MadE�r - tDate} <br /> A�KN�]W�.►EI]�M��T: � <br /> STATEC�F.�_�.���-��.���..��..�.__�.__ __.� ��UN'�'Ya� �����f_�____����_ �ss <br /> � . <br /> (Individuat} Th�s �nstrum�nt was ack.nflw�edged�efore�m��his �.�t h `_^�__ day of J a nu a r�2p 27 r_�-_ __ �__ <br /> by Pau1_ H Mader,_Jay_c��w N Mader ��, � � �� � �_�-�..��_ __��W�_______.�..... <br /> : . : ___�._�....�. _�� _c�_�. �_ _�...____w.��.__w�___�_ • <br /> My com�m��s�on exp�res; 121 l�I Z.fl 2 D �� ,� � <br /> � � � -� � <br /> � __�. � <br /> . G ��R�L�i�T�RY-S�at�o#N�b�as�t� -� w___ _ � ^��atary pub�ic}� W G�-__-.___M__ <br /> i� ��i���Y!�.�Ifl���.LER �� N�RA�.l��TaRY-5�at�o����� <br /> ' �y�omm.�x�.���em�er�5,��2D J e�'e�y M L� ��l e 1" � .��R�i���.������ <br /> �..,. ��Cor�m.�ac�.��c�m�er�5, <br /> Loan�rig�natian Drganizat�vn;H�me Federa!5a�ings <br /> � 1994 W4iters Kittwer Financiaf Services-B�r�kers 5yst�msr� �orm R�-�T-N� ������zoas ��Q�n�ssn of Grand (s!a nd <br /> VMP�-C"1�5{NF} to�osa <br /> N M L5!I]:4�4�443 . (�ag��of�� <br /> � . L�a n C3rigina�or:�e�-emy Mue1 Cer <br /> NM�S��3:5�7268 <br />