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<br /> Untess oth�rvrise agr�ed fn�+�rilenf;,all inserance procecds shaU bc;upplied to the restoration or repais of the FruperYy
<br /> ur to ths 3ecured Deat,whethr.r.nr not thcn clue,at I.ender's optton.Any application of procr,eds to prir►cipnl shult not
<br /> extend or postpcin�the dua�date ai tho schGduled nRyment nar chan�e thc:antnunt of Any paymr,nt.Aay cxcess will be
<br /> �aid ta the Grentor. If the i'cc�erty is ac�uired by L.euder,Granto�'s right to any inaurana policias a�ad procxeds
<br /> �nsult�ng from damnge to td�Froperty befure the acquis(tion shali psss to L.endcr to thc e�ctent of the SecurGd Aebt
<br /> immaliatefy befure tn�e s�{ui�iiic». °
<br /> 2�, ESC1taW I^�R TA7KES.AND�lV�URANCE.Unless otherwise provided in a separate agreeincnt,(lrantnr wilt not
<br /> be required to pay to l.cnder funds for tAxcs�und insu�Ance in esrrow.
<br /> Zl. FiNAl�iC1AL RE�A'rS AMD ADLIII'1�lNAL Il(lCUMEPITS.Grantor wiU provide to L.ender upon request,at�y
<br /> finaminl statement ar informetion Lcndnr,mnp dee:m r.�sasonably necessary.Grantor agrees to sign,delivcr,and file
<br /> any additional�documents ar c�ertifiuitiores thal I.�:nd�r mn��cnnsider necessary to perfeet,continue,and prescrve
<br /> Graator's otsligatiaas us�dCr�Y9�ir:Sc�autty Instrument nnd I�nd�ir'e l�cn status on thr.Pro�erty.
<br /> 2Z. J011�ii'ANU 1NDIVIUl1AL i.IA�ILI7Y;CU�SIGN�FS;SU(:CE.RSORS AND A3SIGNS BUUND.All�luties
<br /> under this Srcurity Iastrument are joint and individ�al.If Crantor signs this Secuxety I�strument but does not sign an
<br /> evicience af debt,Grantar dces so onty tn mortgago Gra�t�r.'s interest An thn k'roperty to r�curc payment af!he
<br /> Secured Aebs and Grantor does�not agree to be gc[r�n�tlly liabir.,on tbo Secur�d Debt. If this Security In�trument
<br /> sscures a guaranty between Lender and Grantor,Gtantor a.grees to waive any rights that may prevent l.ender[rom
<br /> txin�ing any action o�cla.ir�ageinst Grantor or a��y party indebted under the ot►ligation.These rightF inay irxiude,but
<br /> ;se r.�t limite�t�,eay eai's-dt�t�nay o*o!►e•nction laws.Grantor a¢rees tlsat Lender and any pattY to this Security _
<br /> Instrumenl may extendr modity or make any change in the temu of this Security Instnunent or any ovidenoe of debt
<br /> without t',rantor's conseqc.Such a c6ange will not releasa Grantor fmm the terms of this Src.-�+rity Iostruuknt.'Ibe
<br /> duties and benefits of thu;returity Instrument shall t�in�i 1+�d bcnefit the suax.4sona�nd assigns of Grantor and I.ender.
<br /> 2'�, AltLICA�LE LAW;S1C�+?E�tABI1.,R7`4 R�1'[Eit�'k�"s�'A'i'ION.'I'his SauriRy tut:trument is�vemed b�the laws of
<br /> the jutisdict�ion in which Cxrider is located,eacept to�Yia eatent aiherwIse requSred by the laws of t�e judsdiction
<br /> wlYece the Praperty is located.This Sa,�uity Instnunent is compktc ai3d fully integirated.This seu.�wity L�strument may
<br /> not be amended or anadif'ied by oral agrecment. Any section iu this 5ecurity Iustrument,:aet�charents,or aay
<br /> agree�nent relatal to the Secure.d Ikbt tha.t conflices with applicabk law wlll not be effective,ur�less t6at laa e�cpressly '
<br /> a impliedty permita the v�riatious by wcitteq ag�reement.if any section of this Security Instrument caanot be er�faoed
<br /> according e�its terms.that section will'be severed aad will not affect the enforceability of ihe reroaindei of this
<br /> Secur�ty Instrument.Whenever used,tl�singular stwll 3nclud�e thc plural and the plural the singular.'Il►e c�}iCbna acai
<br /> ���•...._..s.s.�.�..�5�...v�f�1��C�.rit�Tn��c.,�nt arr�r nnnyrnrgnrr_.nnly and u�not to.�t�used tn u1tGIDIEt Qt
<br /> aw�ou�s�s.n vnv =
<br /> � d�5ne the ttY�ns of this Security L�strum�nr.1 ime is of the essenoe in this Sezurity Instrwnent. ,,
<br /> Z4. 3Zl�CESSO�t'X'RUS'I'��.Lender,at Lender's option,may from time to time remove Tnistea aad�ppoint a
<br /> suc.cessor trustee wit6,w,+�,��ny othet formality than the designation in w�ritimj;.1'6e succeasor truatoe;:wlthout
<br /> conveyanoe of�ihe�'�peny,shall suoaed to all th�title,power and duties oonf�rrbd npon Trustee by tBia Security
<br /> I�tsu�nent�z�d•appl'ecabk laM. ' •
<br /> , . t�, Np7I[,'E.L��e;�s athen,nse roquired by law,any notioe s6a11 bc pven by delivering it or byt�ailing it by C�rnt�
<br /> ' n�ail to the approp�iste party's eddress an paae 1 0[t�tit.Secvrity Instnunent,or to any othex�Addt�sa de,ti�nated ia
<br /> �ritu�.Notia to on�ft�ntor wii!be damal to be nuti�tt�to sq grantors.
<br /> 2�. WAIV�S.Faccxpt to the citent prohibited by law,Grantor wnives all appr�ment and f�amest�aad ezem�Miat ifginta -
<br /> cetatiu�w tix Property. .
<br /> 2'1. O'I'E��t 7ERMS�If ched�ed,the foUawnrtg art applicable to ttus Se�urity InatrumeaG � .
<br /> l� IJ�e�[(��e�t.'Ibe Secured TJebt indudes a revolving line�f crcdit provision.Alt�ou�h tbe Socurod Debt
<br /> may bo reduad to s uro balanoe,this SecaQity insmunent will remain in�tsf(lect uatil rekaeal. •
<br /> � � C�M�w I,�.This Secuaity Instrument secures an obliAation�cu�rred[or the construction of an
<br /> imypro�menc on the 1Propecty- , ' . �
<br /> '❑ �pe':�i�,,Gnuttor graats to 3:�ender a security intoir,t�ka all g�oda that Grat,►Gr•ix,owm now or in Il�. ��''
<br /> futu���id'that an a wil!becao�a�fixtures�re�ated to thc�roperty.Tbns Security�•�e;;trument sut�cea�aa a ". ,
<br /> fio�n�ing stxtement and aay carba�t,p hoto�gra�3tic or other reproduction may be fikd of record f�r•�dtpc�ses
<br /> of ARick 9 of the Uni�orm Conomercisl C'.�:::..'
<br /> � �Yen.The covanants and agrecmants of�ach of the riders checked beiow are incorpa►ratad into and
<br /> :���'�; ��ement and aakend the tarms of this Security Instrument.[L'heck all appliceble box+ea]
<br /> � ❑Cnodominitun Ri3cr Cl 1'launed Uait Devalopmeet Rickr ❑QthCr..........................................................
<br /> ❑ AiifWrlTes�.
<br /> SIIGNATURFSc By sigaing below,Grantor ageaes to the t,emu nad oovenants contained in tHis Security Instrunaex�t and in
<br /> any attachments.Grantoa also acknowled�es rcoeipt of a mpy of this Security Instrument on th�dato stated a►page 1.
<br /> �
<br /> /� Ob/24/96 � � 06/24�96
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<br /> A,CIiNOWI.EDCMP.Nri��H�s� HALL
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