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2004069W I'i''' Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled pa mend nor change the amount of any payment. Any excess will be paid In the Grantor. If the Properly is acquired by Beneficiary, Trustor's right to any insurance ohmes and proceeds resulting from damage to the Properly before the acquisition shall pass to Beneficiary to the extent ofpthe Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORT'S AND ADDITIONAL. DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. 'I roster agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If'I'nemor signs this Security Instrument but d oes not sign an evidence of debt, Trustor does so only to wortgage Trustor's interest in the Property to secure paymetu of the Secured Dcbt and Trustor dues nut agree to be personally liahle nn the Secured Debt If this Securely Instrument secmea a guaranty between Beneficiary and'Trustor, 'Trustor aaggrees to waive an y rigghts that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the ubliganon. These rights may include, but arc tint hmded to, an anti- deficiency or one -action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidenc. of d eb[ without Trus[or's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial . 23. APPLICABLE LAW; SEVERABILITY• INTERPRETATION. This Security Instrument is governed by the laws of the Jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement Any section in this Security Instrument, attachments, or any agreement related to lire Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If an section of This Security Instrument cannot be enforced according to its terms, that Section will be seve,ed and will not arr'ect the enforceability of the remainder of this Security Instrument. Whenever used, the Singular Shall include lire plural and the plural tine singular. The captions and headings of the sections of this Security Instrum ar ent are for convenience only mid e not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Benefciary's option, may from time to time remove Trustee mid appoint a successor trustee without an y other formality than the. in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and dries conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to i he appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice o one trustor will be deemed to be notice to all lrustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If check d, the following are applicable to this Security Instrument: 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. O Construction Loan. 'Phis Security Instrument secures an obligation incurred for the construction of an implovennent on the Properly. Fixture Filing. Trustur grunts to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument Suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement mid amend the terms of this Security Instrument. [Check all applicable boxes] 0 Condominium Rider 0 Planned Unit Development Rider LLI Other 0 AJdilinnal Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attac me /Trustor als/o�aeknowled s receipt of a copy of this Security In tnyi`mSent on the date stated on page I. �.1 J.1 13,2004 "�"'�`v� -_.__ Jul 13,2004 esignawre)Dav -- Stolz � /YY (Data) (sleaat>nu Kathleen S lz (Date) -. -..- -- .- - - - -.- ---- - - - --- - - -- -Jul -10. ZQ04 ............ ............. ................... ...._... ...__. Ju11a.2004-_------ (Signelure) (Date) (Signature) (Dale) ACKNOWLEDGEMENT: ff�)r� (individual) STATE OF I V 1 02 Lx, , COUNTY AF � I SS. This ins neon, was ck w d ed be re me this T ✓1 day of by C My commission ' �rl -§W Arai - - - - -- -), L , ,1-a - .. : ui IANOM (Notary Public) r" ©rsaa amMan synamr, me. ai. Pool na corm tie -oT -se rno¢oov (page 4 of 4) ®- C1651NEI Lied