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<br /> Unless othenvise agreed in writing.all insuranc�ptoceeds shall be applied to.he restoration or repair o� e perty ,, _
<br /> � or to the Secured Debt,whether or not then due,at Ixnder's option.Any appGcation af proceeds to principal shall noi _
<br /> � extend or posfpone the due date of the scheduled payment nor change the amount of any payment.Any excess wiil be � � __
<br /> paid to the Grantor. If the Property is acquired by Lender.Grantor s right to any insurance policies and proceeds :`
<br /> , resulung from damage to the Praperty before the acquisition shall p3ss to L.eader to the extent of the Secured Debt . _�;�
<br /> immediatety Eefore the acquisition. . , �. -
<br /> • 7A. ESCROiit FOIt TAX�S AND Ii�1SUItANCE-ilnless otherwise provided in a separate agreemcnt,Grantor will not .
<br /> `�� be required to pay to Lender funds for taxes and insurance in escrow. . - _;_, ,
<br />��; 2L �IAPICQAY.YtE�QigtTS Al�)AIbiD[i'[O�IA�.�UlblENd'S.Grantor will prov;de to Lender uQon request,any — _--�
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<br /> financial statement or informapon Lender may deem reasonably necessary.Grantor agrees to sign,detiver,and 61e ::� •
<br /> any additional documents or certificacions that Lender may consider necessary to perfect,continue,ans1 preserve
<br /> �� ". Grantor's obligarions under this Security Instrument and Lender's lien status on the Property. ; :,j;�_;� ._.
<br /> .�_-�` Yt, JOIN'T AND INDIV[Da1AL I.IABILITY;CO-Sa�1VERS;SUCCESSORS APiD ASSIGNS BOUND.All duties -t�,
<br /> ...,.;.._
<br /> '� under this Security Inswment are joint and individuaL If Grantor signs this Security Instrument but daes not sign an ' .
<br /> ` • evideace of debt,Grantor does so only to mortgage drantor's interest in the Property to secure pay�eat of the :
<br /> � Secured Debt and Grantor does aot agree to be personally liable on the Secured Debt.If this Security Insmunent -�;�
<br /> secures a guaranty betwreen Lender and Grantar,firantar agrees to waive any rights that may preven: Lender from ;��'�� - --
<br /> . bringing any action ar claim against Grantor or any pa�ty indebted under the obligation.These rights may include,bui A� `
<br /> '' are not limited to,any and-deficiency or one-action laws.Grantor agrees that Lender and any party to this Security �'�.'_:;���±�-
<br /> :`�:_�;'
<br /> Insm�ment may extend modify or make any change in the temis of this Sec�uity Instrument or any evidence of deht �,�,.,;,���;,T
<br /> � wiWaut Grantor's consen�Suc6 a change w7!not release Grantor from the terms of this Security Instnunen�7'he : : ���=•�F:-;
<br /> duties and bene5ts of this Security Instrument shall bind and benefit We successois and assigns of Grantor and Lender. _ ,��;.,�. :
<br /> , 23. APPLICABLE LAW;SEVERABO..i'fY;@�PIEFFPRETATION.This Security Instrument is govemed by the laws of .Y.-.r. � - �"_-
<br /> • ' the jurisdiction in which Lender is lacated.except to the extent otherwise required by the laws of the jurisdiction _u:.,:»:%�`��;�==s
<br /> ---. where ttte Property is iacated.'Iliis Secwity Instrument is oomplete and fully integrated.This Security Instrument may ���_' :3���;:-
<br /> not be amended or modified by oral agreement. Any section in this Security Instrument,attachmeuts,or any �;, --- .
<br /> agreeraent related to the Secured Debt that conflicts with applicable law will not be effective.unless that law expressly •;�;'�'?��. „�
<br /> • ar implie�ly permits the variations by written agreement If any�etion of this Security Instrument cannot be enforced :�:_
<br /> , accordin�to its terms,that secrion wili be severed and will aot affect the enforceability of the remainder of this _ ..-.r., ? ..
<br /> ' • Secnrity Instrumen�Whenever used.the singular shall include the tural and the lural the sin ar.T'�ca tions and '���'� "
<br /> � heading,s of the sections of this Security Instrument are for convenience only and are not to be nsed a��mterpret or �� '_
<br /> : � de5ne the terms of this Securety Instrument Tune is of the essence in this Security Instrument �`�
<br /> _ ;:i� 1,� SUCCESSOR TRiJSTEE.Lender.at Lender s option,�,�c#ram time to time re�ec�e Trustee and appoint a ,�; .:
<br /> ' successor trustee without any other formality thaea t�.��:�s,�ation in writing.The�u�cessor trustee,without - •;;,�:�.,�
<br /> �" canveyance of the Property.shall succeed to all tlie tit?e,�a•::and duties conferred upon Trustee hy this Security ,> .rf:::: .
<br /> - Instrument and applira��le law. ���
<br /> .:� �,.
<br /> :3. 1�tOTiCE.Unless otheiwise required by law,azry n�tice '^ '�E gn+en by�anvering it or by m a i l i ng�.�y f u s t c l a s s ;:�' : ..
<br /> mail to the appropriate party's address on page 1 of this Seca�.�:y Iastrument,or to any other address designated in �•;�:? �-
<br /> � writing.�Tarice to ane grantor will be deemed to 6e notice to�r-,rantors. `�'.�
<br /> � .� :.�,__,u.`..
<br /> � Zb. WAIW�.Exce pt to the extent prohibited by law,Grantor waives afl appraisement and homestead exempdon rights • : ..ti-{: ,�,
<br /> '. relating to the Property. ' -,--
<br /> 27. O'I'f�R TERMS.If checked,the following are applica6le to this Security Instrumen� _£t�-�-���r,``
<br /> n ,,,.;_,_�
<br /> ,�i�. OXLine of Credib The Secured Debt inclades a revolving line o€credit provision.Adihough the Secured Debt - ,�,-. . r-
<br /> ..;, �1 may be reduced to a zero balance,this Security Instrument will remaia in effect�t1;r°w::�ed ,.2�,� :;
<br /> � '��,. ❑ Coastruction Loaa.This Security Iastrument secures an obligation incuned��r�*.e construciioa of an � ,;�,��;.,;,;
<br /> " � � improvement on the Property. n'+�#;:,.:.��-- __ :
<br /> � C] F'ixqae Fil��,�*rantor grants to Lender a security interest in alf goods that Grantor owzs�ow or in the s'U'
<br /> � future aad tI�.�:�re or will become fixtures related to the Property.This 5ecurity Instrument suffices as a ���' �`�� _�^.�:�,:.�:
<br /> • fm.:�cing staternent and any carbon.photographic ar eU�cr reproducdon may be filed of record for Qurposes '^ ,
<br /> • ' c£Art3cle 9 of the Uniform Commercial Code. �'���,
<br /> ❑ Riden9.The covenanu and agreements of each a;cae riders checked betow are incorporated into and _�� `�_:_'_°*�.�s�rr�
<br /> ._ '. supplement and amend the terms of ti�is Security Instnunent.[Check all applicable boxesJ — '"'°`�'��'
<br /> ❑Condominium Ytider ❑Planned Unit Developm�t Rider ❑Other.......................................................... ��*; ,;
<br /> � :.��f�,s ❑ Add'ationalTerms. ���.
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<br /> ' ". SIGNATURs'ES:By signing below.Grantor agrees to the terms a:.�covenants contained ia tlLS Secunity Insirument addl in �t�
<br /> � �.• any attacbments.Grantor also acknowledges receipt of a copy of this Securityr L*�swment on the date stated on page 1. ��� - _
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