|
� �����
<br /> `. � Uale�atheawise ageed ia wtiti.ag,all tnsu�,.noe prno�eds�halt t�applie�to ttie restomt�an or repair of the Froi��Y
<br /> , or w the Secured D�6t,wh�4her or noi 3h�aue,a2 Lendcr's optioa Any agptira6on of pmoeeds to priac�pal shail not
<br /> eatensf or pcutpone the dtte date�f the sc�.:du�ed paysnent�or change the amount of any paymen4.Any excess will be
<br />'� � paid to the Grantor.if the Propaity is acqui�ed by Y.eader,Graator's rig6t to any lnswance policies and proceeds
<br /> Yes�Iting froas dam�ge co the Frape�ty�fare We aoqaiisitlon shall pass to I.ender to the extent of ttte Sec�red Debt
<br />' i�tediater�►b�fore the aaquiitia�. •
<br /> , Z� ESCR06Y FOfft�'�lXfES t�liiD t10iS�L'E.Untess o2ttesarise provided in�separate agreement,�Grantor�+iU aot
<br /> ,. �e required to pay to Lertd�r fuuds tor taxes aad'msurance ia essrow.
<br />�- ZL F[r1AR*CIAL R��a�ANiD ADYD�iIONAL 1D�1i�1�'S.Granwr aill proviQe ta�Lender upan request�any
<br /> °� 6naacaat siaiemem or i�farmatioa Lender may dee� eeas�nabSy aeoessary.C3rant�nr ag�ees to sign,delivar.and 61e
<br /> °�� any addit�on�t dotx�menis or cerYificativas that Lender ma oonsider
<br /> y neoessary eo perfect.contiuue,aad presenre
<br /> Grantor's obHga�nns under this Seavity Instsumant and Lender's lieu status on the ProP�rtY
<br /> �..r,,,_ � JOII�PIC AND QUB�fAti�1.8ABY&I�t;.C�SIGNLI�;SUL`��SORS AND ASSIGPTS BQ�JlQJL�All du4ies
<br />' ��� under this Securify�nstr.�mc�G nr�Joiat and i��vidual.it G�aator si�ns tIus Security Inswment brrt daes not Q�n an
<br />`����' evidence of debt;Grantas daas�o only tcs Qz�artgage t3rantor's interest in t6e Fmperty to sec�ue payment af t&e
<br />��:�,;;. � Secured Debt and Gisntor doe�a�ot agee to be peesonally liable on the Seeared�Jebi.If tbis 3esurity Ynsfitmeai
<br /> :�,.�� sec�ses a guaranfy between Lender and G�rsiator,Grantor agrees to waive any rig6ts that may�m;vznt Leader&otn
<br /> < s 6xin$�n$any actioa oretaim against Grantor ar any Party indebte�under We obligauda Tk�e�mag inctude.but
<br /> �� :.� are r9t finnted ta,any anti-deficaency or one-aciion laws.C�a�tos agrees that I.ender and aay�u��to tbi�s S�:+s�r4ty �
<br /> '`�`` Iu��t cna extend,mo ' Qr make
<br /> ,�. Y d�fy+ anS+c6ange 6n the terms of this Secnrity Ins�umeat ar�ev�.��a�Ce6t
<br /> . v�:�#ci�t�±�'s cansent Such a cbnnge will esot reIease t'nantor from 4he t$rms of this S�atri��I'�r�strurae�'T'he
<br /> ,,,. � � duti�;taus���fsflf this SecuiIty Insonm�ent shaU bind and bene�t the suocessors and assigas of Gi.�r,�F�s aad Lender.
<br /> �:� 23�. APPddC�F'd;�1��1f►;SEVERAB�IY;IQ�PI�RFR�fATiON.'I�i��ity Instrument is gorc-rr�zd by the Iaws of
<br /> � `' the js�riscliaion is�rhic.�Lender is lacated,except to the e�[tent oit�saise required by the laws c�f the jtuisdictian
<br /> „�� where the�tagerty islocatec4'i?�SeAUity tnsnniment fs o�mplete anc�€�y mte�nt�c1.'I�is Secuzity Instnuneat may
<br /> `��"�� not be ameaded ar mod�Ei£t:�,�o�oral agreemen�Ang�on in t�i��c�ci��.is��rument,attac�ments,or any
<br />--=- � agreement re4atoti to t1�e Secune��eht that conflicts with applicable 1�'ae�r-'�ro����zetive,tmlesg that Iaw expressly
<br /> :�:'.; or impliedtk�the variations by a+ritten agreement If any sec�aa�iff�3s Se�+,�Iaswment cannot be enfarced
<br /> .,.V � mccording t�it.��:r�s,tbat section svill be me�cared anc�vn'II aox a8'�:�e e�FV�cea6ility of the remainder of this
<br /> �es�iYZr�ta�enE.Wheaever ased,the sia�ar shatl mcIude the phual and�e pG�21 ttte singular.'IT�e+raptions and
<br /> .� { he�tns�oii the sedions of this Security Ins�ment are fisr.conve�ie�ce amIy arrt��aot w 6e tued to inteipret or
<br /> •� ' de�t�=��tesms o�this Sec�uity Instn�men�.T'�ae is of ttv�ence m rtrfs�tnity�nea�
<br /> '.:�"�. Z� SUL"�i,"�SQ$.�USTEE.I,ender,at Leu'.ue;'s opi�on,may from�t�r�to time setuove.Trustee and appoirlt a
<br /> .: ;.:: successc�r tti�,�e:witbout any other fornt&��tflan the designatioa�writing.The st�ccessor tnistee,withaut -
<br /> �:;��'��":: comreyaace of f��Property.sl�al!s�oceed 4�ax�:I.the tit�e,pawer and dnties coagerced upon Trustee by t�is Security �...
<br /> Insnil7neat and app4Icable law. ., .. .
<br /> '`'„ '.i ?S. NQ3'�'��.UNc.;s otiten�ri;e reqqired 6�}�1aw,any notia3 shaal be given by deliv ..
<br /> -;:_�.:' er���.�br,by ma�in�it bp Stst class
<br /> �r�'�tcalhe agpr�iAta patty'a a$dm.ss on pt�e 1�af titis,5es�uitye Insdrmnent,or t4��oth�ar�dz�ss deslgn�ted in -
<br /> _:,4..�� w�'�}�:Notioe ta�no g�antor w�716e 8eeased¢a E�e�ntiae to aU qanto�s. .
<br /> Tf. ��ri"�Y�.Esctpt W the extent prolu'bited by lax►,(irantar-waives all appraisemant and hum�egemption rig,4its
<br /> �� rufa'�to t�o Frageriy, r
<br /> E . 2'l. ��36'k"l�lt�.R1t1:�.If checked th�foUawing are applicablo to tids Serurity Instru�en�
<br /> �`.��1Le o��reBiL T6e Secured Debt incl�es a revolving line of credit pro�Ision.Althoug6 ttze Secured Dc;bt
<br /> �may be reduae�to a zero balance,this Security Instmmeat w71 remain in effect unW released.
<br /> ❑ C4a�tr�eclo���II.�t•'I'his�ecw'ity�Instroment seeures an obligatioa iacurred for the eonstruction of aa
<br /> - `• improvement o�the Proper�y. ' • . �
<br /> �` ' .I�`��'+��ee Fi6�,Grantorg�ants to Lender a security interest in sII goods ��a3aa�tor owas aow er in the
<br /> ` . � � ;,::,�nturr�and that aze or wti'll become fixtures reIated to the Property.This�Eiatuity Instrumeat suffices as a
<br /> �" �..: ` , ���.�ancing siatetuent and�ny carbon,phatogaphic or ot�er reprpductian may be fil�tl oP necord for oses
<br /> �� : . :� qf Art�c?��:.af the Uniforaa Commerc�al Code. ,. . P�P
<br /> �� �►��� - � ; .�;:��rs.'Y��covenants and agreem�rts of each..qf the riders checked belaw axe incurporated imo and
<br /> " '.{ ' . .s'. Secutity T;�t�G-�tm apptirable boxes]
<br /> : . :;:; : ._s�ippiement and�Ruler D P aun�d U t a en�[ all
<br /> ead the tetms of this ;.
<br /> ; � .._. ;Q Condamm� ' 1 ni eve 3�znt Rider �Other...».....................................................
<br /> '. :.�,�.�:�iditYoapl Tcnsa
<br /> t -
<br /> . � � � . .
<br /> , ,. �
<br /> . f .
<br /> � � �ICNATUR�By signing below,Grantor agrees trs the terms and covena���c►ntained in t.�is Secwityj Jxtstrument and'm _
<br /> i ' � aa��it#.�c�iments.Grantos aLso acbcnowledges receipt of a c�py of this Security Instn�en�4n the da,��ted on pago 1.
<br /> � p
<br /> �; 3,f�'S/96 ���,�GrC ........0$/f5/96 --
<br /> � , e . . ��.�..�. . �_
<br /> (�t�) . MIC kE� q SCHLACHTER� �.f�sie)" f£Il'.€�FILEEN (��1 .-.
<br /> A SCNLACHTER
<br /> ! � ACI�C.i(�A�LE�GR�NEQAAS�A -
<br /> , S I'A'FE OF.............»..»............»...........» 4�0 0�,. HA L�. •1
<br /> � crm��n �t� l��tTt'f�����i'�� `��»........� .............. ».y..».......»1�171'R'Clir.......»......_...�6...�. � ,_
<br /> .� '
<br /> �l; ��ik�, . y�'ll�i lf�►�, a of.
<br /> ,.. .. ... .......... .
<br /> . » ....... .... ..... ......................_......»
<br /> � My commissian expiaes: ..�.........�'.`"."..".....
<br /> :. ��{I!@f.!!�!!�W � ��. —�oiuy�v�j.......................».....r...�.._... �::
<br /> • ` i�iti�ii� �1:1„ i �. � -
<br /> �,_,
<br /> . 4� si �
<br /> . a�nwsen�,as�s�,n.uc.aaa,�l�a�u.roa�s�.�as��r.,�ra�er�.+ (psr,p4of4) •
<br /> �
<br /> � r
<br /> ' �'
<br />
|