200306195 - Laserfiche WebLink

Browse

200306195 Application # 0121766592 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or in 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustur's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to a extent of the 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 REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Truster agrees m 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 Rewficiary's lien stains 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 Trustor s�gns this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Tender's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agr pr ees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted wider the obligation. These rights may include, but are not limited to, any 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 evidence of debt without Truster'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 Inswment is governed by the laws of the 77urisdiuhun in which Beneficiary is located, except to Ire extent otherwise reqoned by the laws of the jurisdiction where the Property is located. This Securty Instrument is complete and fully in[egmred. This Security Instrument may not be amended or mortified by oral agreement Any section in this Security lostmment, attachments, or any agreement related to the Secured Debt that conllida with applicable law will not be cffedhve, unless that law expressly or unpliedly pernti6 the variations by written agreement If any section of this Security Instrument cannot he enforced according to its terms, that setter will be severed and will not allect the enforoeabihly of the remainder of this Security Instrument Whenever used, the singular shall hrdude Ne plural and Ole plural the singular. The captions and heredings of the sections of This Security Instrument are for convenience only and are not to he used to interpret or defuhe the terms of lhls Security Instrument. Time is of the essence nt this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without an other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties 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 the appropriate patty's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one tri stor will be deemed to be notice to all trustors. 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 checked, the following are applicable in this Security Instrument: Line of Credit. 'The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced m a zero balance, this Security Instrument will remain in effect =61 released. 0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. E-A Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the fugue and that are or will become fixtures related to the Property. This Security instrument suffices as a financing statement and any cartam, 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 and amend the terms of this Security hhstrument. [Check all applicable boxesJ E=1 Condominium Rider = Planned Unit Development Rider =1 Other .... _..... Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. i (Siguawre) YMOND ROLLI 8 (Dale) (Siyoawre) DEANNA ROL INS Dace) ACKNOWLEDGMENT: 1,,,� /� STATE OF .._.�I,r jC(Cr[({�, ,, ,COUNTY OF n� _,. ss. a lnnan y �.. J This instrument was acknowledged before me this .... , day of by RAYMOND ROLLINS and DEANNA ROLLINT ,,.... My commission expires: •"" E f My AM 9HUD'2003 wy ebIM 19M Bankers SYMSM. W, 51. Good. MN n'3W397 29411 Fopl RE-m NE I M797 (page 4 of 4) (®CI66(NE) 1sm.51