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 /> � � �� � �
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<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 �� ,� �
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