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<br /> tTat�ss otiieswise ag�eed In writing,all insuraace pmceeds shali tsc uppi���to th�restoration as repair of�Ise F:apaty ��`_:
<br /> or to the Seiaueei D�Ist,��ih�or not th�a due.at Lendei s option.My app���lon of pmoeed�to princi�al sh�tl aot �
<br /> '�'''� �atea�or post�aa4 the due d�ate of the sshe�iuted payaient nor ch�oge the affiaunt of uny Faymgn�Any exoesc will be „�,.
<br /> � pa��to t�e O r a ntoT I f e.he P n o P e e t S►i s a c q u i r e��i y L.ender.Grantw's�i g hc to eny insumQce�olicies and proceeds �
<br /> t�tilt�from damage to the Praperry befoxe the acquisition s�uit pa�to Leader to the exteat af tfle Secured Debt �`
<br /> immediateIy ttefo�th�aoqu�sitian. =
<br /> 1�. ES�R0�9 FIlR�AX�ANA II�iSTt1R�iL1TCE.Unless othenr+ise pmvided in�separate egreeaaeic�,Gramtor wiU nat �^
<br /> :�� be requued ta pay ta Lend�r tunds for ta�s and insuranoe in esaow. �,_.
<br /> � �����,���g�}�g�g�rgp��I ��i1�1ENT5 G:antor w�71 provide to Lendea upan req¢est.anY !�
<br /> � fir�aacia!stateaneat or iafoima�isn Lend:r m�ay d�reasflnablY a'e�ssarY-Grantar agrees to sign,defdver,and fiIe =
<br /> any a8ditional dacuffieuts or certificatians that Lenaer may co��dcr necessary to perfect,conunue.and preser+e r:=
<br /> Grantor's obfigations�rudeY thas Secxiriry Ias�ent aad I.ender's�un s2atus on the P�rap�sty. .;
<br /> �'L JOIN�AND Ii�DN�UAII.IdA�3IId�TYi CQ,SIG�IEYt�.SUC+��4At�Alvl�ASSIGNS BOUND.AI!dut�es �.`
<br /> uader Wis SecuritY Ins4rumenE aze joint and individuaL If Grantor sigas this Seceui3�l Instrument but dues aot sign pn �
<br /> evidence af da�t,Granior doss s�o to ffioit e (3rantos's inter�t in the Froperty to sec�cc paymen2 of tIDe
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<br /> Sec�ued Bebt an:d Cirantor does r.�i agree to be�pea�onaIIy liable on the Secarred Debi.jf tbis Seauity Iastcume�t =__-
<br /> " secu;es a�b�iaeen I�ader and Granior.Grantar a�ress to�sraive aay righis that anay pr�vent Lender fmia ---
<br /> .��Y b�6�8�Y��.�r dai�.ag�mi.�t Crrantar or�nY P�Y mdebted tmdez the obli�xtioa'iliese ribhts r�ay mcdude,�ut �
<br /> � aze na�luaited��ta�.as�,/�aat�-d�e�ry os aae-a�inn�aws.firnator ugees that Leader and anY P�Y tm thia�curity _
<br /> � ( � tnstaument may.`�mod��y os make any diaage in the terms of thzs Seciuity Insvament ar aay evidenc�o�debt —
<br /> ` '�' without Gra��'�.rxs�s.°.nt Such a change w�l not retea�e Grautor from the terms of thls�eauity Lns�umenY.'Ihe �_
<br /> duties aad beae�isof this Seru�ity Instriuneui shall bi�d aud IsenefiY the suocessois aad assigas of Cmuimr and Lender. �;-,.
<br />;��•:.. Li� APPLICABI.�E I.AW,SEVEI�A�r3I1d�Y's IN7��PIt'BT�AT[�N.TEus Secunty Inst�ent is govemed by ehc�s af '
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<br /> the j�isdkict'can m whic�►#�tder is�acated,escept to the estent otherwise c�q�it�d,�y the law�.of tRe pu�sdic�oa
<br />=�`;� " where the Propeitp is toeatr.�.'Ibis SQCUrity�nstrument is oamq�tete aad Cuiiy it►t�trd.This Secm�tY I�ste'ctntant may m:�n.
<br /> ' `' not be amended or modified by oral agreement.�►ny sectioa im this Securin1�Ins�rt�at,�.a3tashments,or ang i
<br /> C��`;:.
<br /> -�c�: agxeement rslated to the S�d Debt tI�$t conIIicts v�ith appIir�ab2e law w�l aot�efferth�s�,�tq}�r�tiiaai law espre�sly ;.''
<br /> s<•'�,t�� ar impliediy permits the vaziatians by written agesmemt If any section of this SeaIIih+In�rrmtmnt.carm�t be enforrxtl
<br /> -`„`.- acoording to its teims.that section w�l be severed aad w�f aoi affeci the enforaxab�it�f oi�?tfiR ntaaind�c af t6is .j�`
<br /> �``�` Seauiry Instnt��nt Wheuever used,the singular sh3f��.�udude the plutal aad the pltua!the singula�:'[Sie-ca�tiu�fi aad' ;.-
<br /> , ,: �B8�IDg,R di t$C SEd7.4�S Of th7S SCGIIlt9�2IIt ii'1:tx�OZ QOIIVE:IIIEII£C OAIg►2IId 8IC S14t t0•b��LO ti�U)Y�iB`t Or � �''
<br /> define the ter�s of this�Carity Imsmunes�d:.Tt�b i�uf We e�eurr�znthis Secar'sty Instmm�stt� . .., �,:- �'�.
<br /> � ?A SEiCCFSSt1�aAUS��.i.ender,at�:�si�i�'�a!p�on,may�fmm�t6ree to time remov�'�1'ta�stee and appoint a
<br /> succes�a,r mLneee without any other facr�l.'�r Qr.ut•the desigaptia�in�wrfltins.Tiae successor trastee.withaut
<br /> � � conveyagce of tfle Praper►Y,shal!succeed to all the titti�:Power and duties umsfaraed upon Ttusiee by this S�curity _
<br /> " ; i�sstrufficnx and applicabie taw. ' _
<br /> ��;:��:;,. , . � N�i��E.Unless othexwis�rECluined bY ias��anY notice shaU be�}ven by deliveri�g it or�y mailing at 6y.�st c�s
<br /> � m�it to the a�gsopriate party's addre�a�page 1 of tbis Security�nt,or to any other ad�r�s desigcated iu
<br /> . . �erstingr l�totccetoone grantar w71 be dee�to 6e s,e�ice w all g�anusrs. :
<br /> �' Z6► WAIVE�iS.F.�ept ue the estent prohibited by law.Qaaa�nr waives aII app:a�emeni and hamestead e�e,mpri�righss
<br /> . � . relating to t�c Roperiy►.
<br /> ;��,�' Z7. d��I�cfi�ecked,the folluwing are appticable to tbis Secu�ity Ias�en� .
<br /> . . • ILS�I Li�c u���cPGit.'Ihe 5�ecured Debt includes a revelvIng iine a�.credis provuion.Alth�r:�x ths Sec�sed E?ebt .. :�.�
<br />.{:.. :. � u�aY bt�c�Gisced to a�ro balance,this�ecurity�Instr+�ent�n�remaiu in e�ffe.�t unt�1 reteased.
<br /> ,.. Q'Coa�tio�Laa�T�is Secarity Iasuument secures an�•�tigatiaa incarred for the wnstructioa o#an
<br /> '.�: .`; . . improvament an t�c�vperty. . '._,
<br /> .. ❑ F'at�re F,ti�Gt�2ar�rants ta Leader a�ity interc�im all goq�ts��at Grantor owns na�,'�in the
<br /> - ' futtue:ra�d tLat are o:wi116ecaaa.e fuctures�`ated II�t$e�i..rnperty.T�is Secutity�is��ment su�oes as a
<br /> '•..,: —
<br /> finaa�d��statement and any carbon,photogr.�rhfc or other re�rodaction�ay t,e fi��ss�,�eoord for purposes —
<br /> .. of Ati'x3e 4 ag the Un�fomn Commerc�al Cod�. . �; . � •--
<br /> _•..,�1�Biiees.The covcnaats und agreemeats af i::i�:i.of the rid�rs chec3�ed obelow are iac�orparated into and. --
<br /> � • _ sappG�cent aad ameud the terms of t�is Se�¢c�:�Insen�menL[Check all agplicabte basesj ;:� �
<br /> , , .: ' �fi+s�t��um�ium It�der ❑Planned Unit DEVelopmen4 Rider ❑Other....»...m...».......:Y......».........:.:»..»....».. � _.
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<br /> ,� ' SI�iAa�J�:1�3►si8nin8 beiaw.Cirantor agrees to ihe[�ra^ss and ooveQanm oontainc�in this Security Instruatestt attd in
<br /> aay�:.�t,�c�mBnts.�'.srantar aL.o ackaaa�rledges rece�t aE v ca�t+y of t6is Security lnstnuaont oa t6e daie stated mr.g�ge i.
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<br /> ....., .,� ........a.�....07/9 O/96 ��G�t��G�G.�.%:.r..,/:»����'...O7/10�►96
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<br /> . c�) pR� L KBNT ���) (�) PAULBTTE H IC�NT
<br /> � A�INOWLEDfiRIE1�BRASRA BAbL -
<br />_ ' ' S'PA'II�OF............ .......... .....�.......................�'Y OF................��............_..........79�6.....)ss.
<br /> '. �. �...... ».day of..............»..�.�....,.._.............................
<br /> , �'�"s� �9'�[fi1���i�'�iPi���f��f�B�'1�rt�...... .............»......._..........................................................
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<br /> '. �. My cammi�ion expues: -
<br /> «� " Notsry vab:u) . . ................ '
<br /> ' ��tOf011WYSiAdffe�tcts .. . . _
<br /> RATf1lE�N Il SIA�JiCMER
<br /> ■ + Pr���� e i .a�
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<br /> p 109/Hsye�B/lese.me.�.t�.rb{CI(tdOD.�7.ZHt)fa�iiEOT1F 63�.-f (Q'�B a 614)
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