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<br /> l�n{es.�Mhe�ize agr.f•d in w�dting,all insur•rrsr,�:pr�cecrls shall be upplicd ta thc rc�toraiic�or repair of the Prc�:rty
<br /> ar ta thc Securcd lkbt,w�hiih�r ur niu th;.n du;:,at l.cnd:r's optian.An}��pplicntton of f r��;ceds tu pnncipal shall nc�t
<br /> extend ar pa�t�x�ne tix:duc d�►tc•��f tlu:scheduled payment nor chunge the aniount of am}�ay:nent.Any execss will be
<br /> paid ta ehe Grantor li'tlse Pr�erty is acquirecl by Ixnder.Grantnr's ri�ht ta any incwan:e pc�licies and prc�eeeds
<br /> reculdn�from�trnuge tci Ihc!'ropr:rty befcxe the acquisition sliall pass to Lcnder to thc exteut of the Secured Debt
<br /> immediately hef�re the accq�tisition.
<br /> 2a, f�itUW E'a7R TAtES ANU ii�ISURAi�CE.[1nlec�oiherwisc pravided in u u:parace�r�enzcnt,Grantar w-ill not =
<br /> . be required to ps�y to l.ender funds for taxes and insurance in escrow.
<br /> 21. �'u-VAl\e:iAi REi'Oieia ti�iu�i Ai3a")ii"ia'�Nr�L�f3�UtifcN'Y'�.Crantor will praric3:to Lender u�n rcqucst,any
<br /> fu:ancial statement ur inforn�tion L.ender may dccm rcasonably necessary.Grantor agrecs to sign,delivcr,and fdc
<br /> any additianal documents or certificatiai�.�Ihat Lender may consider necessary to peri�.:,continue,and prescrvc
<br /> Granror's ohli�ations under this Sccurity instrument and L.endcr's Uen st�tus on the Pro�x.ny.
<br /> 22. J�1NT AND 1NDIViDUAI.LIR.BIL.ITV;�CO•SIGNERS;SUCCESSORS AN�ASS1C:l�S BOI:ND. All duties
<br /> under this Seeurity Irutcuntent�re joint And inclivislustl.If Grantor signs this Security Instrumrnt but does not sign an
<br /> evidence of debt,Gruotor does so only t�mongage Grantor's interest in th� Property ta secure payment of the
<br /> Securcd Debt and tirnntor does not agree to be personaUy Gable on the Secured Debt.If this C.ctuit� Instrument
<br /> secwes a guaranty tx�twecn l.endcr and Grantor,Gr�ntor agrces to waive any rights that may pre���nt Leader from
<br /> bringing any«ctiou or claim against Grantor or�ny party indebted under t'he obligation.These ngt:t:ma}indude,but
<br /> are not limited to,any ant}-deGciency or one•action laws.Grantor agree.e that Lender and any pam�to this Security
<br /> InsUUment may extend.nwdity or make any change in the terms of thi.e Secw-ity I�utrument or anJ e��i.i;nce of debt
<br /> without Grantor's consenF. Such a change wiU not release Grantor fram the terms of this S�curity Ins�rument.The
<br /> duties and bene5ts of this Security Instrument shall bind and benefit the successo�and assigns of Grantor and L,ender.
<br /> ?,3. APPLICABLE LAW;SEVERABI1.fIY;IN'I'ERPRETATION.This Security Instrument isgovemed by the laws of
<br /> the iurisd'ution in which IPnder is located except to the extent otherwise required bs the laws of the jwisdiction
<br /> where the Property is Iocated.This Security Instnur�ent u complete and fulip integrated.This Security Iactrument may
<br /> not be amended or modified by aral agreement. Any section in this Security Instrument, attachmeats, or any
<br /> agreement related to the Secured Debt that conflicts with agplicable law will not be effective,unless tha�6�w expressly
<br /> or impiiedly permiis the variations by writtea agreement.If any section of this Secwit}Instrument cannot t�e enforced
<br /> aceording to its terms,that section will be severed and will not affect the enforceability�f the remainder of this
<br /> Security Instrwnent.Whenever used,the singular shall include the plwal ar�d the plural tbe singular.Tbe captions and
<br /> headings of the section�of this Sccwity Instnunent are for convenience only anci ace not to be uceJ to interpret or
<br /> define the temu of ti�Ls Scrurity Instrumtnt.7�me u of the essenoe in this Security Instrument.
<br /> .'.A. SUCCESSOR TRUSTEE.Lender. at Lender's option, may f�om time to time remove Trustee and appoint�
<br /> •� successor trustee without any other formality than the designation in writing.T'he svs:,essor trnstee,withauc
<br /> �, canveyance of the Property.shall succsed to all the title,power and duties confen•ed upon Trustee by this SecusiYti
<br /> Instruraeat and applicable law.
<br /> 25. NOTICE.Unless otherwise required by law, any Ratice shall be given by delivering it ar by mailing it by fvst class
<br /> mail to tbe apprqxiatc puty's address on page 1 of this Security t.�..�^.!�r..^t,or w aay other address d�.,sigaated in
<br /> writing.Notice to oae gr�ator will be deemed to Ix notice W aU graatots.
<br /> L0. 1T�[1Y�R3.t7[CC�f TO u1C Cx[CAi yl�al0iied Dy�aw,isranicu waivcs au apj�i 8ixiiicfii aiw a`�uicac2ou c±w.�nia,�:.�..�
<br />- relating w the Property.
<br /> . Z9. O�ER TEItMS.If checked,the foUowing are applicable to tbis Secwity Instrument
<br /> � Q Lise of Credi� The Secured Debt includes a revolving line af credit provision.Although the Secured Debt
<br /> • may be redaced to a zero balance.this Stcurity Tnstrument will rernain in effect unti!released.
<br /> Q Coactenetioa I.w�.Tbis Security Iastrumeat secures an obligatioo incurced for the coasuuctioa of w
<br /> ` improvemeat on the Property.
<br /> fl F'at9re Fiii�s. Grantor grants to Lender a secwity interest in all goads that Grantor owas n.�v�r or ia the
<br /> future and that aze or wiil become Cixtures related to We Property.Thic Security Iastrument s�ices�s a
<br /> financing statemeat and any carboa,photographic or other reproduction may be�Ied of reaxd for ptupases
<br /> of Article 9 of We Uniform Commercial(;ode. �
<br /> : ; ❑ Rldera.The covenants and agreements of each of the riders checked betow are iacorporated into auc�
<br /> supplement aad amend the temu of Wis Secwity Instruraent.[Check sU applicable boxesj
<br /> . ❑Condominium Rider ❑Planaed Unit Devclopment Ridcr ❑Other...................................».........»..........
<br /> � ❑ Ad�itiowal Ten�.
<br /> ,;
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<br /> SIGNAT[TRE&By signing below,Grantor agras to the terms and ooveissnb ooatained in thu Security Inctmment u�i in
<br /> any attachments.Grantor also ackaowledges receipt of a copy of this Security Iastrumeat on the date stated on page i.
<br /> � '� � �— 04 15 96 •�� � � /
<br /> l �. 1 / ' � �Q tS 98
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<br /> � ��� AYNE ELGERT (�) c� ) S HER M ELGERT <°''°`�
<br /> ACYNOWLFI)GMENTN E@RAS KA HA L L
<br />_. STATE OF..............................................................Lq�� t�OF.................APA'It....................1�J��...)ss.
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