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<br /> -- ---�t . ..:.j lJntesg atherwise agreed in writiag,all iasurance proceeds shall be applied to the mscoration or repair of the Property or to • ::. . - .
<br /> .„ . � `?:1 the Secured Debt� whaher os not then due. at BeneSciary's option. Aay application of paoceeds m principal shal} aot � . .,'`, ":, . , -��,
<br /> � extend or postpone the due date of the scheduled pay�n t nor chaage the amount of any payment.Any exsess wi116e paid �
<br /> � to the Grantor.If the Property is�by Beneftciary.Trustor's n t to any msurance olicies and praceeds rest�lting � V :; '
<br /> � : .� from damsge to the Propercy before t"he acqutsitioa shall pass to Beee t�c'tary to the eatent o�the Secured Debt immediatelY
<br /> , � . . � before the acquisition. ' .
<br /> ` ' ' � ` ' Z0. FaS�KOW FOR TAXES A1�D INSi1RANCE. Unless otherwise pmvided in a separate agc�m�t.Tmswr will not be 4< •`•,,.:,.:'. .
<br /> ' _ . required to pay to B�eficiaty funds for ta�ces and iasu:ancc in esccow. � -. :
<br /> ,�`, Zl. FII+IANCIAI.REPORTS A1VD A�9DITIONAL D(DCIJMEPITS. 7'mswr will pmvide to Beaeficiary upon iequesc. any � . �`:� .
<br /> . ` , fiaanciai statemeat or information BeaeSciary may,deem re�onably necessary.7'nut°r agcees to sign.dehver.aad file aa� z; - , ,
<br /> -- - additiaaai do�ts or�frt�tioas that B�efiic�Y consider netxssar3+so Perfecc,mmriaue,and pnserve Gttu►tor s _ `
<br /> � , , . obligations�wder this Se�v�Ity inctn�men and Bene , s lien stat�s on the Propeny. �
<br /> � � � 2Z. dOINT APID INDiVIDUAL LIAIiIL1TY•C�3IGNERS: SUCCFSSOR�AND ASSIGNS BOUND. All duties under .� . �
<br /> � this�ec�rity Iast�ment are joiat aud indiv�dual.If Trustor si$US this S�utitY Inctmment but does IIot s��n au evidence of . .
<br /> ,•` deht, Tmswr does so only to mortgage Tnistor's interest in the PropertY w se�ure paymeat of the Secured Debt aad
<br /> ' " Tnucor does n�t agree to be persoaallY liable on the Secured Debt. If t3�is�ecunty insaumeut secures a guaranty betweeu ,
<br /> .. ` Beaeficiary and Trustor,Tn�stor a�to waive�y ri ts t�at may preveat Bene�ic'�ry from bringing aay action or claim . r.'�:
<br /> against Tnutor or any party indebted under the ob��aaon 7hese rights may include. but are aot limited ta, any ...G�-,_
<br /> aati�iefciency or one-aaran laws. Trustor agrees that.Henef3ciary aad any�to this Seauity Instrua�nt may extead. . < .:-.
<br /> ,�f modify or make any c�ange in thc terms of this Secunty Insuumeat or any ev dence of debt vv�thout Trustor's cons�t. . .g�._�,_,,;s= .
<br /> � •' � ' �.; Such a ch�w e avill not release Trustor from the terms of this Seauity Instrumea�'I'he duties aad benefits of this Security � �
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<br /> Insuumes�i shall biad and benefit the successa:s and assigns of Trostor and Beaeficial. . --
<br /> , - : 23. APPI.ICABLE LAW,SEVERABILITY:WT�RPR�TATION.7his Security,Instcumeat is govetned by tke laws of the
<br /> . :;i ju�di�ion ia whicb geneficiary is Iocated,exc�t w ehe extent otherwise reqwred 6y�the laws of the jurisdiction where . �':. ��.
<br />_ � � the Property is tocated.T6is Security Instn�ent is comp2ete and fully iategrated. 'lbis Seauity Iflsaument may not be � �,� �,,.` -
<br /> . ,�',�; atnended or modifed by aral agreemen�Any secdon in tbis Security Instrument attachm�nts,or any,agreemeat related w ` ' _
<br /> the Secured Debt that coaflic�s with aPPlicable law w71 not be effective.unless t�ai 1aw expreasly or ut�plieNy p2miits the � � _..1.__
<br /> . .� variations by writtea agreEment-I f any s e c�ioa o f t h i s S�u r i I n s t�n e a t c�n u t 6 e e n f o r c e d a c c o r d i n g to i t s terms.that __ .- �---
<br /> `::-�� secdon w�l be severed and will aot afFect the enfom.eab�7ity o�the remainder of tItis Security Instrument. Whenever used, f , �
<br /> � • ���� t he singular s h a l l i n c l u d e t h e p l u r a l a n d t h e p l u r a l t h e s i n g u l a r.T h e c a p ti o n s and headin g s of the sections of this Secauity '�,,ie..--
<br /> `� ' tnstiument are for convenieace only and ar�not to be used to interpret or deSne the terms of this Security Instrument• � •- ..
<br /> � Time is of the essence in tlus Security Instnunen� `'� ����x�
<br /> F , �`; :� -^ �. 7A. S[TCCESSOR TRUSTEE. Bc�neficiarY, at Beuefi ' 's option, may from dme to time raanve Tmstee aad appoint a ::�. �:�'
<br /> �. s u e c e.s s o r t c u s t e e a r i t h o u t a ny o t h e r f o c m a l i ty t h a n t h�esignadoa in writin g.'Ilte successor uastee,without conveyance of �.�
<br /> ''s � ` the Property, shall su c c e e d to all the title, power aad d u t ies conferred upon Trustee by t h i s Securi ty I n s t r u m e n t a n d .::_,�_��
<br /> . F applicable law. � s:'��''
<br /> ` � � Z5. NOTICE.Unless othecarise required by law,aay notice shall be given by delivering it or by mailing tt by flrst class mail � ��
<br /> . � .` to the appropriate partY's addn�ss on page 1 e�th'ss Secutity Insavment, or w aay other address designated in writing. � .�.�:,
<br /> -� �''� Notice w one uastor wAl be deemed to be nouce to all pvstors. . ,. ����'� �.`
<br /> ' Z6.WpiVERS. Except to the e�cttent pmhibited by law, Tmstor waives all appraisement and homestead eaemptioa righu . , vJ:�'
<br /> � . � ` • reladng to the Propetty. ,•�!,�"
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<br /> .. � 27. OT�R TERMS.If checked,the following are applicable to this Security Instrument: ... ., - ' - :
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<br /> ❑ Line of Credi�'I�e Secured Debt includes a revolviag line of credit pmvision.Althongh the Sec�red Debt may be � ' �'7- ..�; `
<br /> -- � reduced w a zero balance.this Security Instmment will remain in effect until mleased. � � x��''
<br /> ' � ❑ Canstradion Loan.This Security Insccument sec�ues a�obligation inw:red for the consttuction of au impmvement �.,� �:�:
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<br /> on the Property. � � . ��_`
<br /> ' ��� � O Fixhue ffilic�-Tnutor grants to Beneficiary a seauity intesest in all goods that Granwr owns now or ia the future ' �
<br /> and that are or will bacome fixtures related to the PropertY. This Sec.urity Instrument �ces as a financing . .. ;�.�.,,.;
<br /> � statement and any carbon,��otograpluc or other reproduc�on may be fled of re�erd for pwposes of Article 9 of the . . _ -
<br /> ,. Unifonn Co�nercial Cod.�. ��:, , "
<br /> ❑ Ftiders.The covenants and agreements of each of the ridera checked below are incorporated into and supplement and .• •.
<br /> �e�;-" � � amend the tesms of this Secnrlty Instr��at.[Check all applicable boxesJ . . '
<br /> ���. . , � � Condominium Rider O Pla�ed Urit Development Rider �Other.................................................. .y .� :,
<br /> .. ' • � AddiHonal Terms. ,
<br /> . � . ' SIGNA'�`URES:By signing below.Trustor agrees to the terms and covenants contained in Lzis Security Instavment and in any � "�,��;;,":.
<br /> ' attaciunents.Trustor also acknowledges receipt of a copy of this Sec�rity Instniment on the date stated on page 1. . . �
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<br /> � (Sigmmre>� A. CALT..AHAN (Date) (Signature)LISA D. CALIAHAN � • •
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<br /> � . ACKNOWLEDGMENT:
<br /> ., .........}ss.
<br /> STATE OF N�9�1ca ..COUNTY OF #:��......... . .
<br /> u'ti""�'� This instnunent was acknowledged befom me this .�7.��}. ...day of..........A���..��9.�.............
<br /> by �RX.�:. ���?.�.�SA,.�,... ............ /� n .......... ................ .
<br /> } My wmmission expires: ,(� ./(J�pr-��
<br /> �. ; �..... . . . . .... . �� (��� U .... ............. .
<br /> � � (Nmary Publit)
<br /> � R. 1]OSRCSVOINY
<br /> � "��994 Bentcrs Svctcma�nc.St C!ovO.R1N 11 BW 397 730/1 ium RE�OT NE 12/23!9B /pago 4 0141 � .
<br /> x GENERAtN01ApY•SuleofAeDnsla . . . .
<br /> ' • � � � 105ERH R.COBP.dYOINY E � : : .
<br /> 1dy Comm.Eap Sep1•1200D
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