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2003033'72 D. Trustor shall immediately notify Beneticiary in writing as soon as Trustor has reason to believe there is any pending or Threatened investigation. claim, or proceeding relating to the rdcasc or Ihrcalcnul rcicase of any Hazardous Substance or the violation of any Environmental taw. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement. TTlIStO1 will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and rufiMdual. I l' Ti asna signs this Security Instrument but does not sign an evidence of dell, Trustor does so only to mortgage 'I ruslor's interest in the Properly In secure payment of the Secured Debt and Truster does nil agree to be personally liable on the Secured Debt. If this Security Instnlmcnl secures a gu"T ntv between Beneficiary and Trustor- Tnrola agmes to waive any rights that may prevent Beneficiary from bringing any action or claim aRatnst I rustor Or any party inct d under the obligation. These rights may include, but are not limited try any anti - deficiency or one -action Imes. I Ile duties and benefits of this Sccurily Itltilranleal shall bind and benefit the successors and assigns of Tnl1tO1 and Beneficiary. 14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated This Security Instnrment may not be amended or modified by Deal agreement. Any section in this Security Instrument, attachments, it any agreement related to the Secured Debt that condicts with applicable law will not be effective, unless that law expressly or implicdly permits the variations by written agreement It any section of this Security Instrument cannot be enforced according to its Toros, That section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular .'Ihe captions and headings of the sections oI' This Securitv Instrument are for con, ricnu: only and are not to he used to interpret or define the terms of This Security Instrument Time is ofthe essence in this Securitv Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficial 's option, may from time to time remove Trustcc and appoint a successor trustee without any other formality than the designation in writing. 'I he successor trustee, without conveyance of the Property, shall succeed to all the tide. power and dal ius conferred upon Trustee by this Secen ily InSlramCln and applicable law. 16. NOTICE:. Ilnless otherwise required by law, any notice shall he given by delivering it or bN mailing it by first class mail to the appropriate parry's address on page I of this Security Instrument. or to any other address designated in writing. Notice to one truster will he deemed In he notice to all Trusters. 17. WAIVERS. Except to the extent prohdaled ITV law, Trustor waives all apprais'cment and homestead exemption rights relating to the Property. IS. LINE OF CREDIT. 'I' lie Secured Debt includes a revolving Zinc of credit. Although the Secured Debt may be reduced to a zero balance, this Securitv Instrument will remain in effect until released. 19. APPLICABLE. LAW. I' his Security Instrument is governed by the laws as agreed to in the Secured Dclt cxu;pl to the extent required by the laws of the jurisdiction where the Properly is located, and applicable federal laws and regulations. 211. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the Terms of this Security Instrument. [Check all applicable hoxesj ❑ Assignment of f.e:r,cv and Rents F1 Other ........ ....... 21. Ll CONS'T'RUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incunul for Ne cinstntction of an improvement on the Property - 22. ❑ ADDITIONAL. TERMS. SIGNATURES: By signing helow, Ttvstor agrees to the let ms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Seuurily Instrument on the date slated on page I. 3 ....._... t5l t 1 `U.oQC. oar r Is'_ d -1 roam) ACKNOWLEDGMENT: /j /�LSY�� ..... S I A fC OF....... '1! //. COUN -1 Uh .._... qlt! .._ .........ass. Yom' yy� ... - -. ITILIT1111111" This mstru,fncntstas tc,�.Ppof Iedged hefore me thus I__ drvof. /r /QY��f...r «�QQ .... ..... by C.g4.?�. 1... S...CR.Yf:.. ... .. ...._. ................ . My comm issionexpires �/3,r /�� N...... ........(,�.i....�..Jl°..�..... .._...._.._.._........._...._.. Public) eu13113m� A AB of Illm3su C �N�ft } IN CINDA ABBOTE IMCM.6A.A43kM i !9 t994 B, hors Solemn.11p It cIw6 MN `— OGP- RCCT -Nr 1 '3199 (Page 4 el 4)