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<br /> � Unlese otherv�ice aIIreed in wdting,�ll iasurmtce proceeds nhall be npplied to the restomtion or cepNr of the Propeny or co
<br /> the 3etared DFbt, whether or not then du�� at Beneficiery's Apttou. Any upplicatton af procerde ta principal shnll no4
<br /> • • extend or postpaas the due dute of the schedulal pnyrrtent aor chanIIe tho urrtount of any pnyrrtent. Any cacesR wUl bQ pnld
<br /> • fr med�n�m�age to 1he�Fro Pg pity bef on�hue scqulal�n ehul�l pnssotHenet'�iary to fhe ext nt ofth�e SQCU�tc,d�ebt immedintely .�.°.�.
<br /> - . before t�e ecquteition. • •
<br /> �, �� " 20. G�Cl30W P'OR TAX�S AND 3N8[JRI�NCE. Unleas othe�ise provided in u sepernte ag[eeraent. Tn�stor wfll not h� �tl,.{�•
<br /> .- required to pay to Beneficlury ll�nde for taxes and insurnnce in escrow. « .
<br /> -`r:�,�-'I,J 21. TINANCIAI. YdEP'OEL'PS AND ADDTI'IOIVAL DOCUMENI'3. Tcustor will rovide to Beneflciary u on mquest,anY ,� �-�
<br /> 'j� IITCe9 LO B�BtI, ver.aud fi18 tu►�
<br /> financial statement or infom�ution Beneflciary may deem re�sonably necesasry. rustor a del
<br /> ' abligatlo�ns�ii der ttiis��cutlty InE�n�u�n�sutd BeneflciiyZa Uenis atus a�n t�he Pmgerty t. continue,end preserve Ciraator s '�,�
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<br /> ' 22.JOINT A1VD II�IDI�'IDUAL LIAHII.I7'Y CO-9IGNE1tSi SUCC�SSORS AND ASSYGNS BOUND.All dudes undor ��._
<br /> � thia Securlty Insmament are joint and iad�v�dual. If Truator eigne this 5txurlty Instnunent but da fno�testgn�vD b�d ����:'
<br /> ', debt. 'hustor does so only to mortg_age Truator's interest in the Pcope�rty w securc paymen Sec ,- -°:.:
<br /> Tiustor does not agree to be personaliy liable oa th�Secured Debt. If this 5ecurlty Instrument se�ures a guaranry betv�een ",.�'%..=
<br /> � Heaeflctary and Trustor�Tcustor agr�s to waive sury ri ta tLat mf►y prevent Benefici from brinIIiag any actioa or cleim ,.,..�:::
<br /> y� m► y
<br /> ' agatast Tnistor or aay Rarty indebted under the obIfgation. These rights mayt in�sdse,��b�uty�����ex�tend, ��—
<br /> � � anti-deflcieacy or one-acpOA IAWB.1Yustar agrees that SeneRciary and any p� _
<br /> `' modify or make any chan8e u►the terms of this Secuclty InsuvTncnt ar any e dence of debt without Tn�stor's concent.
<br /> . ::���q,� � �, S`ucM a cheage will not release T'ruator fxora the terms ofthis Securtty Inst�e�►t. The duties and beneftts of thte Securiry z;.;;
<br /> '`��'`''' Inatrument ehtill blad aad b�neSt the succesaors attd asslgns oY Trustor and Beneficial.
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<br /> �l � ',, i;` 23. Ai"1°'LICABLE LAW 3EVERABILIT�t;i1V'1`ERPRETATION.This Securlty Inamiment is govemed by the lawe of cho � :
<br /> :.,?,Sh�},�. �� enc ary �-
<br /> . ,.,,„ f ..� ; 3urisdlctioa in which� flci is I�ued,except to the extent ot4erwise required by the laws of the jurisdicdon wlx�sre
<br /> • :��,�t,)�+; r the Property is lacated. Thi�Secwrity Insuumenf ts complete and fi�lly iategrated.71iia Security Iasuwaent may not 1re `°,��
<br /> ° :',.•:=,';'rr';�'� �' w n e n d e d o r m a d i f i e d b y oral a g zeeme►:t.Any secdon in thla Secudty Instnunent attachnaeats.or Any agteement related co
<br /> '',;�,-;•:�: the Secured Debt that contlicta with applicable law will aot be effec�ive,u n tesa t{iat law�xp x e s s l y a r i m p l i e d l y p e r m i t a t h e
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<br /> �..',',,; �,� variadons by written agc�eement. If any s�cdoa of this Security I n a u u n u n t c a n n o t b e e n g o r c e d eccor d i n g to its terms.tbat .=4�-
<br /> ;,,�� , section wW be severed and wlll not affect the enforceability oF the rernulnder of thia Securlty IustTUment. Whenever u�l, �;:,---
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<br /> .;,,�:,;5� :: � the aingular ehal!include the pIural and the plural the singular•7he caPdotts and heedinge of the sectiona of ti►Is 5ecutity �`=�
<br /> `' �of the�s�nc�e in t�hia Se urity I�ne�uum.�t to be used to iaterpret or define the terms of thla Securlty Iasmuaenf• _
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<br /> ?A, SUCCESSOR TRUSI'�. Beaeflciary� at Beaeflciury's option, may from wne w tune renwva Tr�nt� rwd ap�so =� °
<br /> auccesso:tnwtee wlthout any other formsility tt►an the desi tion in wdtiag.The suaessor austee wIthout wnvoyonos of
<br /> `.��;+. ' the Property. ehall succced w all the utle� power and utle9 conferred upon Trustee by Wis �ec�uiry Insuwnent nnd
<br /> �._ ��, npPlicnble law.
<br /> - �- � Zs. NtriTCF.Uatesa otherwise required by law nay notice ehall be iven by delivering it or by mailin�it by firse cloas mail
<br /> ,1� ot�lee t on�uuator wlll b8 d�med to be aodoee t�nU�tyre���nt� or to uny othet addrese d�iBunted in �vritLng.
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<br />. !� ..� 26. �Aa1VE�e�cept to the eatent pmhlbited by law� '1'c�utor waives all appmisement and houcestead exemptlun righ� _
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<br /> . '�' 27. OTHGR TERM3.If checked�the foAowiag er�applicable to ehts Securiry Instnunent: .
<br />;r�;:�,;,;�.. ❑Line of Credit.The Secured Debt iadudes a revolviag liae of credit provision• �►lthough the Secured De6t mqy t�e _
<br /> - ,.:,�....,. � , reduced w a zero balence.thia SECUrity Imsaument wUl remaia in effect until released.
<br />_ �_�..,,;,;•..��r: ❑Constntdion Loan.T6is 5ecurtry Iasaument secure.v an obllgatlon incum�d for the conatruction of an impmveaann3 ---.
<br /> • ,4 - ,, oa the Pmperty. ..__-`
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<br /> "• �r. ❑Flxture�WnB.Tmstor gr�nts ta Beneftciary a seauity i�terest in all goods that Granwr own3 now or In the future `::._
<br /> �+'`;�� �� and thnt ere or wilt l�ecome flxtuc+es r�elsted to the Property. '[riis Securlry Iasuument sufRces as n finus�oin8 � _
<br />_,�t� �7:; :. � statemeat aud any carbon.Photoarnphtc o:other reproduction may be flled of record for purposes of Article 9 af ehe 4_
<br /> - . :�:� ..,� Unlform Commercial Code.
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<br />::��:�.•:•:,..�;,�.; � ❑Riders.The covenants and agreemeats o 8 e a c h o f t he r l dera c hec k e d b e l o w a r e l n c o�p o r a t e d l n t n n a d s u p p l e m o n t a n d _
<br /> '�''''+.��:,}'•...� � emend the terms of this Se�udty lnsmuYCent.[Check atl applicable lsoxes] --
<br /> . . •`;,�`� ` % �Conct�:nWium Itidcr � Plunued Unit Development Rider ❑ Other .................................................. �--
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<br />- . _ .ti � D AddiHonal Terms. __._
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<br /> � ' � ., eovenanes conwiaed in thia Seeutity Liateument and is�any =-
<br /> �, B Y G I+I A T U I 2 F.5 s B y s l g n i n B b�1 o w�'l t u s t o r a g r ce s w t h e t e m�s a n d
<br /> reea
<br /> ti , y attachmente.Trustor alsa ackaowledg�s�+eceipt of a oopy of tl�s Securhy ineuumcnt on the date stated on pa}ie 1.
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<br />-- . �'` ACK1�10WLEDGMEN'I'• .
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<br /> .� �nd1"°""n 7'his iastn►ment was acknowteclged be�orc me this
<br />- .;.i,,,�,�;. ;��, .. by �,,.�3�..�.�..�tr..rS�t�t��.��.�+i.�..69.�^�,�',�i.�F. . . . ,�t��.�.�i.}� •
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<br /> •;�;:r.`;.,:�' ''" • �6ENERAL NOTARY-StetO o!Nobrt3lm ..............................
<br /> , •��; •���': Ip qLENN RAUERT ..�.. . • (Ndary PuDtle)
<br /> . "� •+°'' �'� M9��•�����2001
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