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<br /> �. � •`.':�� llnless otherwise agreed in writing.aH insurance pr�eds shall be applied to the restoration or repair of the Property
<br /> �•�, ^ or to thF Seaued Debi.vrheWer or not,Wen duc,at Lender 4 option.An�r application of proceeds to principal shalt not •- . . `•
<br /> ` �` ,� � extend or postpone the due date of the scheduled payment nor change the atnount of any payment.Any excess will be .� . '�` ,
<br /> paid to the Grantor. If the Property is acquired 6y Lender.Grantor s right to any inswance po�icees and praceeds , . ;��:�
<br /> _ � 4 resultin�from damage to the Property before the aoquisition shall pass to l.ender ta the extent of the Secured Debt �� �.,,� ,
<br />_ .. : . ��.: immediately before the acqu9siuon. '� '�`
<br /> � • 20. FSC[80W�d�TA7KFS�►PiD II�1SUttA1�ICE.Untess atherwise provided in a scparate agreement,Grantar arill not . :�;�4''..•:.
<br /> •�r:�;: be tequired to pay to Lender funds for taxes and insurance in escraw. .
<br /> � 2I. �I+1�►IYCIAL REPOL'tTS AND ADDY�[ON�iI.DOCiJMEbTi'S.Grantar will provide to Lender upon request,any . •
<br /> . .._ . -�=.�-: „ .
<br /> �inancial statement or information Lender may deem reasonably nccessary.Grasttor a�ees to siga,deliver.and file _-
<br /> 5.' � ' any ad�iitional documeats or certificatians that Lender may coasider necessary to perfect.continue,and preserve , :`.
<br /> �� • . Grautor s obligations under this Security Instiumeni and Lencler's lien status on the Property. ' .. • "t.,� 4. �:
<br /> . .. , . . �`: � 22. JOIIVT AND INDMDUAL H.IABILTTY;CO-SEGNE�iS;SLTCCE�SORS AND A�SIGNS BOUND.,All duties . `` -
<br /> � ,. ,. ._.' °''. under this Secusity Instmment are joint and individuaal.If Grantor signs tLis Security Instrument but daes aot siga aa - --.
<br /> � � `f•'.•• .�� evidence of deb�Graator does so onty to mortgage Giantor's interest in the Property to secure paymen t o f t he _
<br /> :���. , `. �.. ,� '�'` Secured Debt and Grantor does not agree to be personally liable on the Secvred Debt If this Security Instrument . • ,. "�'_`.�
<br /> .�.. ..,�_.,.R_T
<br /> x`�'- - sect�res a guaranty between Leader and Grautor.Grantar agre�to waive any rights that may prevent Lender from �•,�:, :..
<br /> _�� ':._ `, .� _ bringing any actioa or c(aim against Grantor or any party indebted under tlie obligatioa These rights may include.but . . _,,�r ,
<br /> � � are aot limited to,any anti-deficiency or one-action laws.Grantor agrees that Lender and any party to tfiis Security r`§ _rn:
<br />_;:'�, <�-�` Instrument may extend modify or matce any change in the terms of this Security Instniment or any evidence of debi •. ,.° _ ._
<br />'�,�' " , ` . without Grantor's wnseat 5uch a change will aot release Grantor from the terms of tbis Security Instrumen�The � � . _ _
<br /> �?''• ' duties and bens5ts of this Security Instrument shaD bind and benefrt the successors and ass3gns of Grantor and Leader. _
<br /> � . Z3 APPLICABY.�LAW;SEVERABILT£Y;iN'I'EdtPRETA'IION.This Se.cvrity Instiument is governed by the laws of . ;�.4� � - ---
<br /> � the jurisdiction in which L.ender is laca t e d,except to the extent otherwise re quired by the la�vs of the jurisdictiou `�F. 4 ':;�-,_
<br /> �;;: ; � . • .:: where the property is tacated.l'his Security iasp�nnent is complete and fully integrated.This Security Instrument may ' ���..
<br /> --.,.. . . .�'�: •. ..:,._.�_�,,—¢=.
<br /> ,,:': • • not be amended or modified by oral agreement.Any section in t►�is Security Instrumen�attachments,or any =-
<br /> • - � . :;,,, agreement related to the Secured Debt that conflicts wit1�applicable law will not be effective,uni�that law expressty �.,����_P:.:
<br /> *, ,,=-.
<br /> • or impliedly permits t6e variations by written agreemen�If any section of this Security Instr�ment canrtot be enforced � y-�., • ;,�-,
<br /> � : according to tts terms,that section wiU be severed and will not affect the enforceability of the remainder of this '. :i.q. ,�::�;
<br />_ � •° � Secarity Instrumea�Whenever nsed,the singular shall include the ptural and the p2ural the singular.The captions and .. -----:
<br /> � • � headings of the sections of this Security Insmsment aze for convenience only and are not to be used to interpret or : , •;;.��
<br /> • ' define the teroas of this Security Instrument T'ime is of the essence in this Security Insmunen�. • . �
<br /> � ' .. H.��_:
<br /> � 2?. SUGCE�30R TRUSTEE.Lender.at Lender's option.may from time to time remove Trnstee and appoint a . , f=.:. .
<br /> ���'� ' saccessor trustee without any other formality than the designation in writing.The succcssor trustee,without �. ,,� x .-
<br /> ��=
<br /> '-`'� , , ' conveyance of the Property,sl�all succeed to all the title.power aad duties conferred upon Trustee by ttds Security • ____
<br /> . • Instrument and applicable law_ ��.�=
<br /> � • Z5. NO'Y'iCE.Unless otherarise reyuired by lan,any notice shall be given by delivering it or by mailing it by fust class ' .� ' '.`tt-"
<br /> . �„6•.
<br /> _ �` mail to the appropriate party's address on page 1 of this Security Instrument,or to any other address designated in ,•;;:°;��-.
<br /> ' :' � writing.Notice to one grantor wiU be deemed to be aorice to all grantois. :,�.
<br /> , - �� 26,, W�lIVEIdS�Faccept to We extent prolribited by taw.C rantor waives all appraisement and homestead exemption rights -
<br /> ' ' . relatiag to We Property. � �""�--
<br />' �. � 27. OTHER TERMS.If checked,the following are appticable to th'ss Security Instrument: � �j;;�_�_
<br />. 't ;' . �7 Line of Credi�The Secured Debt inctudes a revolving line of credit provision.Although the Secured Debt � „�,
<br /> , may be reduced to a zero balance,this Security Instrument wiU remain in effect until relessed. „ , ���"=.=_
<br /> � ❑ Constraction Loan.This Security Instrument secures an obligation incuaed for the constructior� of an ::.'���:��
<br /> �;�• :, . .. � . improvement on the Property. • •� . =�n;=.
<br /> � � . ❑ �ixtare�Si ng.Grantor grants to Ixnder a security interest ia aU goods that Grantor owns now or in the _
<br /> - future and that are or wiU become�ctures related to the Property.This Security Instrument suffices as a �
<br /> • 6nancing statement and any carbon.photographic or other reprodaction may be Cded of record for purposes
<br /> ` ` ' ' of Article 9 oi the Uniform Commercial Code. -
<br /> ;,,� : ❑ Idlders.The covenants and agreements of each of the riders checked below are incosporated into and � • �
<br /> supplement and amend the terms of this Security Instrument.[�eck all applicable boxes] : ` . '
<br /> . ::: . . , , • � ..
<br /> • � ,; ❑Condominium Rider ❑Plan�rd Unit Development Rider ❑Other.......................................................... ' . :�
<br /> . . ❑ AddiHonal Terms. , .
<br /> . . ;,.
<br /> , , .
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<br /> SIGN�l1'URES:By signing below.Grantor agrees to thc terms and covenants wntained in this Security lnstrument and in ,� .. :
<br /> . . ' . any attachments.Grantor atso acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. .
<br /> '`"' . � . . /� ..... ... .. .. ..�_.������. .rllJ'.7..1.�0 2 14 f 98 � . -. .
<br /> .�.r4F�. .Q.�../..�4,(98 ,f�7�4l.'l.u.5.� .. 1
<br /> -; � ' ......... ... . '
<br /> (Datc) 1.� ature) (datc)
<br /> . (sign ure�l��E L 5TETSON 3EANINE L ST$TSON
<br />� : ACKNOWL�DGMENT: . .
<br />�'..' � , � STATE OF.N�1��,�r�.�.A.....................................COUNTY OF......HALLFEHRUARY............1998....)ss. �
<br /> • . ,.
<br />. ' ' . � . I�nafinduall This instrument was acicnowledged hefar�,me this..14TH...........day of............................................................... � . . '
<br /> . .
<br /> . -� h�uAa�..4.:..�ter�oN.AN9.�e�A1.pe..�:..SfE?SON,..HUSBAND„AAD �IFE ....................................................... ....................... ' : ,'
<br /> . '. ' . .' My commission expires: ..............C�.Y..L.....S�..r� .. ............................ �" - ..
<br /> ,: � . , ........ .
<br /> , . � GENfHAI tifllAAr•S'a1e o!Net�is►i lNotary Pubtic)
<br /> , . . ; ; SCOR C.KISSLEH . „
<br /> • j ^' "'a Ain Comm ia�D�6fa�31.t998 . ,.
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