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<br /> � � }� F fJniess offie�eice agceed ia writia�,all insoiaaoe prooeeds shaII be apptied to the sestoration or repg"v of the Properiy
<br /> oPtion.E�y a� Pmceeds PimaP .:.t:�
<br /> `���-'':�`L;:,�(;;- ar w tne Secnted Debt,wt�edter or nnt tbea dne,at Lender's canion of m i al shall aat - :
<br /> .. extead orpastpone the dae tlaie of the schednied pay�na��aage the amount of anp paymenL Any eacessw�l be r :
<br /> _ - �.:;.��r:-.=;:�-- gaid to it[e[haato�If tiae Prapertq�aaqu"ved 8g LeIIder,Cua�nr's tight to airy msaraaoe g o l i a e s a n d pro c e e d s ��`
<br /> _- L-�=:�-:�"-�-� �suhing fram�to t6e P h a�t y before t�e acquisition shall pas�to Le�nder to the e�eat of the S�nred De6t ����`-.
<br /> , t • ' � �ty before the�on. `
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<br /> �,� `� �� "- �0. �SCRO�FOI�'�AIbLS AY�ID IIVSU�tANCL.Untess offietv�se pmvided in a sepa�ate agreement,Giantor wU not '' :.
<br /> ,`' ` be�topap w Leaderfrmds for tases and'msuraace in esaow. �`�
<br /> � r;'�- _ 't 21. FR�NCdE4L REQOffi5 AND ADDYiIOAiAL DO��(iraawr w�l pravide to I�ader upan r�quest,aay
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<br /> ,.1��,;� " �a!statemem ar n±`.�„��;��nder map deem reasona�Ty ne�asF•Crantor ag�ees to sigu,de}iver,aad Qe �-�v�
<br /> +�ab� . .,-�, �• anq ad�al do�c�a�ons�3 E�cnder may cansider �y ta p:,rfect.s�ntia�,aad�e �
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<br /> ,���� �� Crrantar'sobli�oest7*.�stl�S�yInsdn�mentandLeader'stienstaAsoatheproperty. ".
<br /> � �S� �. � JUT1�Pr APiD II�TDIrVIDQAL LIABILfl'�ti CO+4[GNBRS;�UCCt�O�S e�ND l�SSIGPiS BOUN�Aii duoies ��
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<br /> �`�� 7 S:� ander ttns Se�itY Inst�mend are joint and'mdividoaL if Grautnr signs this Secairity Iastr�meat but does nat sign an
<br /> � �� ` evidcnuc uf de�t,Graatar d�sa aaty ta mozi�,sge E'sreatetr's�ntere�t�the Pmperty to sec�ue payr�saat of the � _
<br /> .•,,��.-`. Seccued Debt and Gs�tor does not agee to be personally liabte on the Se�red DebL If this Sec�mty 7nstrumeat .
<br /> �`` C;k;. . . ssatres a:guaraaty betareea t.e�er aud Cnantor.Giantar agrees w waive aay rig6ts That ntay►prevent Leuder from ' �
<br /> � �``� . b�jag gapaMiml or dsimag,a�st Gtenloi oranY P�Y�ndebied lmdet the ubligation.'1Lsse rig�►ts may.�tctude,but
<br /> � '� ,s ';� are not limite�t0.ea9 s�de5�ency ar one-a�xion taa�Orantor a$r+ees tbat Lendes�ad�auY P�9'���'l
<br /> -�•`� Ias�nt may extend.atadify►or make any change�n tAe temis of this Secarit�r Insttumeut or a�evidence of debt . .�`
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<br /> :.x, :�Y�.- .:,.� ovlthout(izan;or's con�en�.Sudt a d�ge w�l not release C�rastor from the tern�v of tbis Secauityr Instrameni.'lg[e - -
<br /> .`.•,� `` `.'": duties aad beaeSts of this Serutity Iasuumeat shall bind and beuefit the suooessors arW as�3g�af Qrantor and Leader.
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<br /> �� a _�� �= t'� APPldCAB�E LAQiti 9 i!M'�RPR��!►7SO1�L 7lus Se�aaity I�meQt is gavemeQ by�tte lsws of
<br /> �,T���:;,� _;:;�;�• the jarisdictIon in wbic�Lendes is tocated,except ta the estent athetwlse required by the iaws of the jwdsQ3ctian
<br /> �.:;`.:{,.,�.� .,.r=��.- wliere tke Propetty Is Iurated.lbis Secau�ity Insnument�s c�omplete and fnfly fitegrated.Tlus Secu�ity instr�eat may
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<br /> ��`:�t;;�;;�:�.;�.�.`� , aot be ameaded or modified by ora!agreemea�. My sedion ia this Security�Instraaen�attachmeat&os aay :',-'--
<br /> � :��� !�'`�,:,_ a$t�eement related to the Sea�red Debt that annDiets witl�applicab2e taw will not be effec�ive.witess that law expsessiy �}
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<br /> . ,.s,::;W �. er imP��9 PB��varFations by arrItten sgreemeat.U anyr sedion of this Seattiry Instrament c�noi 6e enforced E (4;
<br /> :;.:,. _ .,,���,f aasordfing ta ita tem�s,tl�at sectian wiII be severed and will not affect the enfarceab�Tity of the rema�ader of tBis -:.:-
<br /> Sp,auity tast�ent�WLeaever osed.the sm�War sha11 I�2ade the,,�,,,.,�1 aad the Imat We The aad , �'
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<br /> ` � , �;: i►eadIngs oi the s�af tbis Ser,ucii�r Instnuneat are for oomreaieace onty aad are not to 6e t�ed to fiaterpret ar
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<br /> - . •.:.., ��- definethe termsofthisS�ity�enLTirae is ofthe essenoe in Wis3earrity Insa�umen�. �
<br /> • ` :`. i°` yt; gi,TCCEgSOR'�'ttiTS�EE:Leqder,at Lende�s option,may f:om time to time remave Tnsatee aa�appoinr a. � �
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<br /> � �M1 successar trustee wiffiaut any other fomuality than the desigaalion in writing.The sncces�or tcustee,arititoot ��s�`;
<br /> ;t�r °" CoaveyBAee of tAe Pmperiy,si�!succeed to aU the title,ifower and duties conferred upoa T:ustee by th9s 5ecutitq << <
<br /> �• _ ;'� Instrument and app�Cabte law ' '.
<br /> - ��� ?�5. NQ7YCE.Untess a�rwise ieqaued by law,aay aotioa sliaalt be givea by�teHvering it or by�ma�7ing it by&�dass �ys,,:.
<br /> ` -``' ``� �� ma�7 to tfle appropYd�.w Danj►'s address oa page 2 of th�5e�auity�eat.o:to any other address desigaated in �x ':
<br /> •< ��� writing.Notice to oaegtantorwill be deeaeed tobe aotice to allgsaators.
<br /> .- '���:.'}?:?„_'�• Z6r WAIVER3.Fxoepl to the esteat prolnbited by law,Grantor waives all appreisement and homestead exemption s�g�ts �
<br /> ` .��, �.`r•`. iC18t�II$toihCPiOpeltq. �?
<br /> -' ,'`' .'.-y!.;�.' t �..Q�T�11�►�C�ICC�.�f011�DW3II$8t8 8�iphCSbjB tO th3S SCCOrity 1ffittitmCAt: �:='`
<br /> ar:_
<br /> f,, . Y�_ . ,�.: ,.` � L7tlldne of Ce�Tiie Seaued Debt iaclades a revalviag liae af credit psavislan.AIthough the Sec�n+ed Debi �._ #-•_--
<br /> °�;:�',{*.;,:.;'._,,.,.�;;;:,;,- may be sedaaed ta s uro 6alaace,this Secmity Inshvment w�l re�n in effect anal re2eased : �:-=-.
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<br /> w ' r � ❑ Ca�uss.l�a.�Is Secudty Instttnaent secures an obligatiTan incanced for the consiruction�oi an --_
<br /> .�'� ; impravemeat cnthe Fro�►. � ,
<br /> ❑ F'�ce�.Ciraator grants to I.eader a secarity interest in ati goods that Grantm awns naw ar in tlie r _�-
<br /> `�:".:.-:,�:::-"';,:,:':��_'�. �uttue and t�at aze o:will became�xtares related to Ute Property.This Scc�urlty lnatrument snfHees as a _ __
<br /> �. ,•-�,;,:,_•',,�� Aaaadag statement aad aay carbon,PhvwgraP�c or otherrepsoduction may be Qed of record for pmpas�s� _ -
<br /> ���•. .
<br /> �ff :•- r+ ,_,�. � of A�cte 9 af the U�iform Commerdal Code. ' , -__
<br />-_ , • ��,�...•. ❑ Stdere.The cavenants and agreemeats oY eacb of the riders checked be2oa are incorporated i�o attd , .i:,
<br /> �.•`:�."::��"•:;'.:t � supptement aad amend the terms of this Secauity lastrumen�.(Check all applicabte box�s] . �y..
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<br /> - 9IGNA'FU@tESs By slgaiag belaw.Cirantor agrees to the terms and covenants oontained in this Security Instmm�eni and ln
<br /> ` �=• � any a2tachmeuts.Grantor also acknowtedges rereipt of a copy of this Securlty Instrument on the date stated on page 1.
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<br /> ;'.';,.'.: `:: «R°� WALTER E SCHINKEL � � «�� ELEANOR H SCHINKEL� ro°i0�
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