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<br />: Uukss othen►ise��trced in writL�2.�11 insureitve procee�:shull be applied tn thc restoralic�n or i•epair of ttu:Pra�ertv
<br /> or eu the Secura!liebt,whether ur[wl then ctue,ue lxmlrr�aptian.Any applicatioa of p�acrx�to pri�u:ipsl sh�ll aot
<br /> �:xtenc!or pastpane We due date of the schedukd paymcnt nar chunge tbe amount of any�ynun;.A��y excc:ss wiU be
<br /> paid to th�:Gruitor.If tb.P'rop..rt�i� aeqsirtd by Lxader, Grantor's right ta any insurance policirc ancl prc�ceeds
<br /> resuitiry�Crom damage ta the Property ixfore the acquisition shall pass W L.esider w thc e�►u;ut af tik:S:�w.;d U�b. ,
<br /> �miu..-di�tely be[ore the acquisition.
<br /> '1'� FS(.'Rfl11�i�OR T.j►XES AND tNSi7RAIVCE.U:stoss othtnt�ise pro��doJ in a s�.parate a�r�cment.Graatoc xill aoi
<br /> be res{uire�to pry to L,ender[wufs for tazey anct insurance in escraw. .
<br /> :1. �u*:,4.t�f�.�..1tEP€?A'f'S Ai�`�.�I3i3I'IT1NAl,�€U�3£,ti'i'S.G;auiur wi11 proviaie to L.e�uic:r u�wa reyuc�t,uny
<br /> finaucial sfxtement nr�nf�Iitx� l.erukt'utay deem [.i�sot►ably�7ecesrary.Grautor agrees to sign.deliver.and Gle.
<br /> auy additionai documents or certifuations thzt I.ender uaay con.�}der necessaiy to perfect.continue,and preserve
<br /> Grantcx's obli�atiaru undcr this Security Instcua�ent acid[.ender's licn s.atus oa the Property.
<br /> 2t JOWT AND 1NDIVIDUAL LIABIi.11Y; COSIGNERS;SUCCESSORS AND ASSIGNS BOjJND.All duties.
<br /> wuter this Securit�r Instrument are joint and individuaL If Grantor sig�is this Secarity Instruraent but does not sign an
<br /> evidence of debt,Gran��r does so oniy to mortgage Graator's interest in the Property ro secure payment af th�a
<br /> Secured Ihbi aad Grantor doec nat agroe to iu personaAy liablc ou the Secwed Debt. ff thic Security Irutrumeak
<br /> secures a gusuaaty betwcen I.encltr usd Graata, Granwr agrees to waive any rights t6at may preveot Lender from
<br /> bringia�g Any acGou or ciaim agaiast Gr�.i�or anY P�Y icwdebted under the obligation.Therx righu may include,but
<br /> are not li�rited w,any anti-deficiency or one-action laws. Grantor agrees that Lender and anY F'�Y to this Securir�+
<br /> Iastrunoeat may extead.modify or malce aay ctnnge in the terms of tbis Security Instrument or;iny evidenoe af det�t
<br /> withoat Grantor's cauea�Such a change v�ill not rek.�se Grautor from the terms of Wis Seeurity Instrument.'IluS
<br /> d�sixl bene5ts of this Sa�rity Instrument shall bind usd beneSt the suooessors aad ass�igns of Granwr ancl Leacier,
<br /> ?3 A�Pi.�CABL.E LAW;SEVERABILfI'Y;W'lERPitETA1iON.lbis Security Instrument�s goveraed by the laws a�
<br /> the jurisdiction in wl�ich Lender is Ioc�ted.exapt to the ext�nt otherwise required by the laws of the jurisclictior,
<br /> whene tbe Property is located Z7�is Secsuity Instnunent is compku and itiliy integrated'lhis Security InsGntrnent ma��
<br /> not be aa�ended or modified by oral agrcemeat_Aay section in this Security Insirument,attachments,or ue�
<br />' agreemeat reiated to the Suured I?ebt tPu�t a�nflicts with applicahSe law will not be effective,uakss that Iaw e:pre�
<br /> oc implitd[y permits the variatious by writLen agteemen�If any settux�of this Sec�uity It�va�ent ca.:�ot be enior�rs
<br /> acQOrding to its terms,that sec6oa wil2 be severed and will not affect the enforceability of the rertwinder of this
<br /> Savrity lnstrtunen�Wt�enevcr used,tlie singular sbal!incIude the plural�nd thc plural We siugular.Tbe ca�tions and
<br /> be�dingc of the seccioas of this Secwity Inurument are fos ooavenience aoly and are not to be c:ed W iotap�et i►r
<br /> de�tLe te�of tl�is Security iasWuu�ea�Time is of tl�e es�eace ia this Security I�trumeo�
<br /> ZI. SIJCCESSOS TitUS'I'EE.Lender,at Lea¢ler's optioo. may Eram time to time remove Trustee and appoint,a
<br /> suocessor traxtee withoui any oWer fom�ality tb�n the desig�Eion in rxriting. Tha suocessor truste�.witttout
<br /> aonyeyaxe v[�3ar Property,st�alt suoceed to all the titk,power aad duries ooaferred upcw Tr�stee by this Sectuity
<br /> IIISttument siaad applica�iie Saw.
<br /> 2S. 1r01iE�UNess othecwise requir�d by law. �ny:sot�c�e shall be givea by�ieuveciag ie a by mailirng it�•�st eta�c
<br /> . mW to tbe.�pQc�iate puty's addrac �page 1 of tflis Security r++s ,•,,•�* ar to aoy c�cr addresc d�4ad in
<br /> vKiting_IVotioe w aoe gtaatar vvill be detm�ed to be aotia to all�rantoas.
<br /> -- -� it -.'�'.na��°' i6ccuwi iaw vrani�rwarrsaii .
<br /> ��spi-iv i�csiiai isl , �7y[�e�s�nom��ipii sj�ts-.
<br /> re�wo8 t0 tbe Pmpeity.
<br /> z7. Ol�1C�it11LS.If checiced,tbe fdbwing ue applicable w this Sec�,-ity I,�uv�.:.M
<br /> ❑ �e ot CraYt.'ILe Secured Debt incIudes a revoiviag line of credit provision.Ahhoug6 the Secured Atbi
<br /> . �y be reduced to a�ro balaaoe,thi:Savrity Iattrument will remain in effeci ua�rekased.
<br /> � Co■�tssefie�Iror.This Security lastrumcat sesures aa obligation inivrred Wr tbe constructioa af aa
<br /> improvemeai oo the Property.
<br /> ❑ i+ht�rs Fi�Graator grants to Leader a sec�uiity iaterest in all goocic ths►t Graotor owns no�v or irr tLe
<br /> future aad Wat are or will become fixturas c�elated to tLe Property.'Ibis Security Instnuneat su�xxs as a
<br /> 6n�aaag statemeat and any cubon,PhotogxapHlc or othes nprodt�ctioo may be fikd of neenrd fuc putjtases
<br /> af Artick 9 uf t�se Uaifoim C,am��ercial Code.
<br /> ❑ Rlier�.lLe oovenants aad agreements of each af tl�e riders cbecYed bebw are utrorporated iaW aad
<br /> suppieaknt ua�d amend the te�s of this Security tnstrument[Cbeck all applicable too:es�
<br /> �c���R;a� ar�avn�neY�nc� ❑oc�................................._...................._.
<br /> D wliili��1 Z'ae�r.
<br /> SiG�ATUYFSe B3►�lx1a�',Csraalat s�res ta the tern�s aac!ooveasats�ia this Se�vrity Instrum�nt�nd'w
<br /> aey ait�eats.Gr�ntor�so��clmo�rledges reaipi of a oapy of tbis�earrity L�sirumeni on the date stated oa ps�e 1.
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<br /> . ...:!'. .... .... . OS/21/96 � »Ll..... � »............»... 08/Zt/96
<br /> (�"°"`)� PREY iiT LLY ��D"°) (�°�ANCY �S� KB� ���
<br /> ��w�'���r ittEBRASRA HALL
<br /> STATEOF.............:................M..............:'..........,CO ...................._...
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