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<br /> � �� ` � Unless othecwise agreed in wrlting.all iasvrance praceeds shall be applied w the rescaration or repair o�the Property or to , , : ,N. <
<br /> �``' the S e c u re d De b� w h e t her or n o t t h e a d u e. a t H e n�c i a ry's o p t:on.An Y a P Dlication of proceeds to principal shall not
<br /> � e x t e n d or po s t pone t h e d u e d a t e o f t t e e s c h e d W e d p aymen t n o r c h a n�e t he amount of an y payment.Aay excess w i l l be pa i d
<br /> � t a the Granwr.If thep�ty is acquired by,Bene fi e i a ry,Tn�st B e n e�t to t o t h e e a�t e n t o i t h ec�edd�eb immedi iat�ely � . .
<br /> . from dawage to tife Properry before the acqwsition shall pass to c�arY �
<br /> " , before the acquisition. �`.�. .
<br /> �� 20. ESCROW FOR T�iXFS AND INSiJRANCE. Unless ottterwisc pmvided in a separate agreement.Tnutor wijl not be - , �� ,
<br /> ` _ .= reqnired to pay to Benef�ciary funds for taxes and insurance in escrow. �'._ , , .�
<br /> _ __�=-'-.T 21. FINAIYCIAL REFt3R3'�AND ADD�'IONAL DOCUNI1ENf'S. Tn�stor wiU rovide to Beueficiary upon request. any •x .
<br /> � ,J-: � � �� ruswr agrees w si�nn,deliver,and fite an --� i�
<br /> - financia�statement or info�sion Beneficiary inaY.deem reasonably necessary.� y
<br /> . . addidonal dac�meuts or certifications that Benefictay malr consider n�ssary to Pe�•contiaue,and preserve Gtantor s ti� ,:�� �. �.
<br /> . : . ob li g az ions imder tSis Securiry Insuumeut and Beneficiary s lien ssatus on the Property. . . .
<br /> � . 22. .YO I A I T�A N D II V D I V�)II A L L I A B I L�L`Yt C O�S I G D I E R S:S U C C F S S O R S A N D ASSI bu doe.�s�g�nan e�v f d e.a�c e of .
<br /> . d�e,bts T�inswr do�o n ey to�ID° d individuai.If Tiuswr signs this Se�.�uri� S�a of the S�.vred Debt aad ` . �
<br /> iny T r a s t o r's i n t,e m s t i a t h e P r op� �y Inctn��y�t secures a between ' � :. �
<br /> . . Trustor does not agree w be petso�liable on the Seaued Debt.If t ti s� 8�Y ..j�.,;�.--
<br /> , , B�neficiary and Trustor.Tn�stor agrees to waive aay ri ts that may prevent B�e3ic'�ary from bringing any aaion or ciaim v::r,.
<br /> against Tn�swr or any party � Sh Y � 1 but are uot limited w. annY ,'.•,�4`ry ,
<br /> mdebted under the ob i�ation. 'Ihese ri ts ma mc ude, ma extend,
<br /> anti-deflciency or on�actcon laws.Tmstor agrees that SeaeficiarY and anY P�Y to this Security,I�ent Y �.,,;:,:-�
<br /> , mndify oY make any change in the terms of t6is S� w�m��in�met�`a T�ne a��d b�enetfits of tti s S�ax�z'iry • ,,'•"�}.•
<br /> _ � . Such a c3�ange�w�ill not mlease Tnutor fmm the tetms o [hi4 Secnrity ; .:
<br /> � Instnmaent shall biad and benefit the suc�ssors and assigus of'IYustor and Beneficial. • j : �
<br /> . . . Z3. APPLICABLE LAVl1•SEVEIBABILITY:�ATION.'ibis Security,Insuument is gavemed by the laws of the . ' --�
<br /> . j u r i s d i c a o n i n w h i c h�enefici a ry is lacated,excePt to tbe extent othawise requued by�the laws of the jarisdtction where , _;,
<br /> P�Y 'Ibis Securi I n s u u m e n t is comp l�e t e a n d f u ll y i n t e g t a t e d. T h i s S e c u r i ty I n s u u m e n t m a y a ot be ' ,,�,�"�'
<br />_ '".. . . ..._ . the Pio is lacated. t3►�,A np s e c x i o a i n t h i s S�i ty t a s t r a m e a t,a t t a c h m e m s.or aa y,a g r�eut related us � °' , .—
<br /> -- a m e n d e d o r m o d i S e d b y o r a t a g c e e a n e n `.... .•,: : --�
<br /> ' the Seaued Debt that conflicis arith agplicab le law w i l l not be e f f e c.t i ve.u n�e s s W a t l a w e x p�s l y o r u n p u e d ly g e n n i t s t h e -._,.. :.z=.-�.�
<br /> .'� variations b y arittea ag�n�Ifan secxion of this Socurity Instrument ca�mot be enfossed accordin8 w i t s tenns,thai
<br /> ' y � ;��
<br /> ' .:,`, s�i o n w i ll b e s e v e r e d a n d�1 n o t a f f e c x t h e e n f o�a b i l i t y o f t h e a e m a i n d e r o f t h i s Securi ty insm�.�t.Whenever used, ��
<br /> the singulaz shall iaclude the plural and the plural the singular.'fhe captions a a d h�d i ngs o f t h e s e c ri a n s o f t h i s S e c u r i ty �- ,
<br /> Insuument are for coaveruence only and are not to bE used to intetpret or defiue the terms of tWs Security Instrument. .. ;n��-
<br /> , _ .�` Tune is of the essence m this Secarity Iasprument• ,;C:� 4_:�-�
<br /> .��.`
<br />_,`� , ?A. SUCCESSOR'd'RUSTEE. BeneficiatY, at Benef ciar y�°P�on m wiin'ng.The�su�ocessor u�ustee,aTn'hou c�omr�anc�etof . .`r�`�
<br /> ';. � • successor uastee without any other formality thaa the d�'g n a u '"''~�'
<br /> " the PropenY, sha�t su c c ce d to atl the d t le, Power a n d d u t i e s c o n f e a e d u P o n Trustee b y this Seeurity Insuumeni and : �$}
<br /> . applicable law. . '�='=-
<br /> � 25. NOrI'ICE.Unless otheiwise required by law, asy notice sball 6e given by delivering it or by ma�in8 it by first,class mai1 �`�,S.;�
<br /> �. w the appropciate party's address on page 1 of this Security lnstrumsnt,or to any other address designated m wrlting. ;,
<br /> � '• Notice w one aastor w�U be deemed to be nouce to all huswrs. • '�
<br /> ` ':?�,
<br /> -. � , Z6. WAIVERS. Except to t}te extent prohs'bited by law,Trustor waives all appraiscment and homestead exemptioa rights • . �`i��
<br /> . .' . relaring to the Property. .-�`;•_�
<br /> licable to tlris Secvrity Insttument: `1����`
<br /> .�`. � 27. UTHER TER1Vi.S-If checked,the following are apP . : •. ';=��'
<br /> p Y.ine of Credi�The Secured Debt includes a revolviAg line of cr2dit provision.Although the Secu�d Debt may be , :,� , �;x;:
<br /> reduced c�a zero balance.ihis Security Instnunent wiU remain in effect until reteased. ::'��E
<br /> .. � Constradion Loan.'[�sis 3ecurity Insaument secures an obligation incurred for the consuuc,tion of aa improvemeat =
<br /> . • on the Property. _ ''�
<br /> . . . . . �Fixtm�e Filing.Ttustor grants to Beneficiary a security interest in all goods that Grantor owns now or ia the future .. . :';��;:
<br /> � and that are or will become fixtures related to the Property. 'Itris SecuntY lnsuument suf&ces as a finaacin$ .
<br /> ' statement and any c�rbon.photagraphic or other reproduction may be filed of record for purposes of Article 9 of the ;
<br /> �. Uniform Commercial Code. .
<br /> O Rlde�.'13�e covenants and ageements of each of the rtders cbecked below are incoiporated into and supplement and ,,� � ._.,
<br /> . � . amend the tem�s of this Security Instn�ment.(Check all appliabie boxes� � , ,
<br /> ' ❑ Condominium Rider � Planned Unit Development Rider 0 Other • , � ., .•.
<br /> � ' ' � Additional Terms. � • ,'
<br /> :� .. . .
<br /> � SYGNATI7RES:By signing below.Trustor agrees to the terms and covenants contained in this Security lnstrument and in any ., �
<br /> , . attac�ments.Trusror also acknowledges reteipt of a copy of this Security Instrument on the date stated on page 1. .
<br /> . ` •. ..
<br /> .:•.: . p QR� �-
<br /> � . �ov.Y....�i7'" ............................................................................
<br /> ....................................,:..1�... (Date)
<br /> ' (Slgnanue>1�A�lF'.+ C1�iI.S1�HAN (Dalc'1 Isignaaue> �
<br /> - • ACKPTOWLEDG14+1ENT: � } .. � .
<br /> S'I'A'!'E OF�T�X� .............................. .COUNTY OF#��.......... .................}99$:...... ss. •
<br />.�.,.: • •
<br /> ' "'��"°"" This instnunent was acknowledged before methis......��........day of..........!�aT1L��... .............. .
<br /> . ' by A�Y.�.���#!�?...........................................rr.............. .................................... . � . � .
<br /> � . n�sycommissi ' '�t;omt�lt�n�tte� ..G��l•. ./,Fj,�..,,,,��. �xtl.lt�. .....
<br /> :�� 8ft ..... . ......
<br /> ���(,� lNotary Public)
<br /> • , j BYCOL�Ifb�.Qd.Z1.2608 /page 4 of 41
<br /> " ' - � ! '01994 BaMOry Srstoms.�nc.S 123�98 � .•t . . ' .
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