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<br /> Unizss aihcrwisc«grec�in writing,all insuranct:pro.ced.shall hc applicc!to Ihc reswrutiun ut r�p�ir uf thc 1'r�cty _-_
<br /> or to t!��_!r?��'M,whethcr or not then duc.at 1.endePs option.Ary a�+licatian uf prcueeds tu princi�s►1 sh:ill not _
<br /> extencl�r�St�nc the due date of the sehedulcci{+a}ment nor ehan�e th+:amount of any puyme:ni.Auy�+�cc�c::�..�- _�f
<br /> pa;d tn:he Grantor. If ttse Pmperty is acquirtd hy l.ender,GrAntor's righi t� any insuranee pc►Ikics and p�c�ecic
<br /> r�sulting from da�rwg� to the�rc�►erty bc:fora the acuuisition shaU pau tu I.enfle�t�•t�extcut csf t�: Suu::.ii[kbi _-
<br /> I�i��Ti:,ui«:Cri��0���:t r!^,t�'�.liaiti�wa. ''-
<br /> 2�b ESCROW F�R TAXES AND[NSURAhCE.�Julc�.nthervvise provi�:,�ui a scp�rate agrcment,Grantor wiU nat F_
<br /> tk,rqui:ed to�y tn 1�ncicr funds for ta.YCS and insurance in e.ccrow. _-
<br /> 2L FINANCIAL REPUR'i`S AND ADDiTGONAl..QOCUM�N'i`5.Grantor will provide to Lender upon request.any
<br /> financial statement or infomiation Lender may deem reasonably neccssary.Grantor agrecs to sign,deliver,and file _
<br /> any additional documents or certifications that Lender may consider necessary to perfect.eontinue. aad preserve —
<br /> urantor's obligations under ihis Se:.urity Instrument and Lcndcr's lien status on thc Property.
<br /> 22. JO1NT AND INDIVIDUAL LIABILITY;Cn-SIGNERS;SUCCESSORS AND ASSIGNS BOUND. All duties
<br /> under ihis Security Instrument are joint and individuul.If Grantor signs this Security I�utrumcnt but dacs not sign an -
<br /> evidence of debt, Grantor doe�so only to inortgage Grantor's interest in the Property to secure payment of the
<br /> Secured Debt siul Grantor da.�not agree to be persona�iy liabte on the Secured Debt. U thic Security Irtstrument _
<br /> secures a guaranty between Lender and Grantor,Grantor agrees to waive any rights that may prevent l.ender from
<br /> bringing any action ar claim against Grantor or any pariy indebted under tt�e obligation.Thesc rights may include,but
<br /> are not limited to,any anri-deficiency or one-action laws.Grantor agrees that I.ender and any party to this Security
<br /> lnsmiment may extend,maiify or make any change in the terms of this Secwity Iastrumeat or any evidence of debt
<br /> without Grantor's consent.S�ch a change will not release Grantor from the temu of this Secwity Ynstrument.'Il�e
<br /> duties and benefi�s of this Secouity Instnunent shaU bind and benefit the suocessa�s and assi8as af Grantor und Leader.
<br /> 23. APPLICABLE LAW;SEVGRABILIIY;IIV7'E1tP1tETAT[ON.This Security Instrutnent is govemed by the laws of
<br /> ;:�c j�;:�ictiea ir.::�ha:h Len�er �s lc�c�ted,exc.ept to the extent othenvise required hy the laws of the jurisdiction _
<br /> where the Property is iocatcd.This Security Instrument is wmplete and fully integrated.This Security InstrwneAt may
<br /> not be amended oc modiGed by oral agreement. Any section iR this Security Instrument, attachments, o�any
<br /> agreement related to it�e Secured Debt t�at canflicts with appGcable law wiU not be effective,unless that law expresbly
<br /> or impfi�dly permits tht�ariations by written agreement.If any section of this Security Instcument cannai be enforoed
<br /> according to its terms,that seccion w►ll be severed and will not affect the enforceability of the remainder of this
<br /> Security Insuument.Whenever used,the singular shall include the plural and the plural the singular.T6e captions and
<br /> headings of the sectioas af this Security Instrument ue for oonvenience only and are not to be ased to interpret or
<br /> define the termS of this Securitg Iactrument.Time is of the essence in this Security Iact.rument
<br /> ?A SUCCESSOR TRUSTE& Lenaer, at Lcnder's option, may from time to time remove Trustee and appoint a
<br /> successor trustee without any r�ther formality than the designation in writing. T'he successor trustee,witEsc�ut
<br /> con��ecannce of the Property,shall succeed ta all the title.power and duties conferr�upon Trustee by this Sec�ity
<br /> Insw,ment and applicable law.
<br /> ?5� N01TCE Ualess otherwise required by law,any notice shall be givea by deGvering it ar by mailing it by fust dzss
<br /> mail to the appropriate party's address on page]of this Seauity Instrument, or to any other ar3dcess desi�nated in
<br /> - - - :..�.:..g.�'-..,:«�.:c:.a,:�^..atr:;,;:y l••�•n,.rl r�,iw n�tire c�all graataz _ _
<br /> � qt,���,E�ccept to the exteat prohibite�i by law,Grantor waives all a}�piaise�ent and homrsie�d exsmptioa ri;hts
<br /> relatiag to tve Property.
<br /> 27. p11�1t TEitMS.If checked,the following aze applicable to this Security instrument:
<br /> � Li�e ot Creait.T6e Secured Debt indudes a revoiving line of credit prorisioa Although the Secured Debt
<br /> may be reduced to a Zero balauce,thic Seau►ty Instrumeat wil!remaia in effect until releaced.
<br /> � Co�strtieuo�a I,os�.'Y'his Security Instrument secures aa obligadon nncurred for the constructioa of an
<br /> improvemeat on the Property.
<br /> ❑ �'atrre P'�.Grantor grants to Lender a security interest in a11 goods that Gtantor owns now or in the
<br /> future anal that aze or vWll become fvctures related to the Property. This Securiry Iastrument suffices as a
<br /> financing statetnent and any catban,photographic oz other reproduciion may be filed of record for purposes
<br /> of Artick 9 of the Uniform Commeraal Code•
<br /> ❑ �ilder�.'!fie covenants and agreements of each oi the riders cbeceed'oeiow �uc inwr�;:t��i:.t�aad
<br /> snpplement and amend the tem�s of this Security Instru�tnent.[CLec�all appticable bozes]
<br /> ❑Condominium Rider ❑Plaiuied Unit Devslopmeat Rider ❑Other......................................
<br /> a A�titio�l Te�s.
<br /> - SIGNA'IURFS:By sigaing below,Grantor agrees to the terms�sd wvenanu contained'an this Security L�strumeat and ia
<br /> �ay aitachmenis.Grantor also acknowledges receipt of a copy of this Security Instrument on tbe date stated on page 1.
<br /> - . )
<br /> ,,,,05,(O1,/96 .05/01/96
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<br /> «> �"`� «`� TNO�IAS � HOEFT
<br /> BET7Y L HOEFT
<br /> ACiQVOWLEDGMENT: HALL
<br /> STA'1'E OF....NE�I.QASKA............................... .COUN'I'Y OF........................................................ .
<br /> - c�► This instruasent was zcknowled ed before me this .�.ST...........day of.......MAY.........................i.�S�...�.
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<br /> — by a�i�r.1.,.Ha�E�.�JA.JHRl111�.JiAE I�.!lZ��.�Wp,HusQ�yo................................ ......................_.............. .................
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<br /> ,� My commission ezpires:
<br />:a ... ........�......�.�y ... . . . ........
<br />:.`� c�t�orurrswerweau�
<br /> ' S�OTT C.KISSLER �� �t .. �
<br />'� ' - =M/C�w�.Eip.Wy31.199! . ._ .
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