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<br /> < < - Untess ott�erwise agreed in writing,all insu�s�pc+oceeds shall be applied w the mswtation or reg�ir of the Property or w , ,.- : `
<br /> . . _ the Secured Debt, whether or not then due. at Benefrciary's aption. AnY aPPlicazion af groceeds w principal she}l not ��•. : ....;.,._, �.
<br /> � . � � e�ctead or poscpoae the due date of the schedated payment no r r h a a e the amouns of an y pa y m e a t Any e�cess will be d ,
<br /> . . , to the Grantor.If the Property isacqu�ired by,Benefi�.�T�usto�d t cnw the exte�nt of tlile Sec�u d��t immediaiely � . .
<br /> _ from damage w thQ Property before t�e acqwsirioa p � .
<br /> , .. before the acqnisiEion. ,�
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<br /> . . ' 20. FSCROW Ft?R TAR�S A1vD 1NSIIRANCE.Udes.s otherwise Pmvided ia a separate agreemws,Tiustur will not be • , . �
<br /> , �`�:.<:. required to pay to Beaefit,tiary fimds for taxes and insurance ia essrow. E . � ` .�.
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<br /> 21. FIPiANCIAL REPORTS A1VD ADDTTYONAL DOCiJME1VTS.Tnaswr wiU provide to Beae&ciary npan n�9uest. anY ;,;�:�.. . _
<br /> Snanciai statement or information Beneficiary may deem reasonably necessary-Tn�stor agrees to sign,8ehver,and file aay .. .
<br /> . additionai docvmenta or certifc ic�ti�ns t�at�� °�YS ie�siatas�tae Pmge�rty�����'�Preseive Granwr s �-
<br /> � t� .°r! obligations�der this Seiauity � • .
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<br /> � '-`.�.: xL. JOINT Alm IlVDIVIDUAL LIABILITY?CQ-STGNERS:SUCCESSOAS AND ASSIGNS BOiJi+1U.All duties undet . . ..
<br /> this Sec�sity Instramemt are ioiat and individual.If 1lrustor signs this Seauity Iastmment but does�e Se�,v�red�D��f . � ,`� ``,^
<br /> . debt.Trastor daea so only to mortgage Tn�stor's inter+est ia the Pmp� �s�P� betaeen .t.<`. � .
<br /> Trustor does aot agcee to be pecsonally liable on the Secured Debt.If this I�t secv�es a 8�arantY `., �� - .•�.
<br /> ' � < � � Be�eficiary a n d Tmstor,Tmstorag�to waive any rig�. ts ti�at may prev�t Ben fram hringing any acaoa or claim . . `; 4. ;.'..
<br /> . �gainst 'rNStor or aay paity indebted ander the obb���ation. These r�ghts may ' ude, but are not limited w. an9 t,:. '.:`� :.__
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<br /> � , aau-de8cienc}r or ono-achon laavs. Tmswr agrees tbat HeneSciary and anY P�rty w Uris Seauity,Instrument may extc�d, �',�;-
<br /> . modify or make any cbange in the terms of Uvs Serurity Instsument or any evideace of debt anthout Tnistor's oonsent. ;,:. o.�-
<br /> Such a c�ange�w� ill aot release Tinstor from the terms ofthis Security Ins�mnent•'Ihe duUes aad b�efits of this Sea�rity ;...���_-_
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<br /> � � • " � InstNment shall biad and benefit the successo:s aad assigas of Tmswr aad Beneficial. - __.
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<br /> . . 23. APPLICABLE LAW SEVEdA�.ILITY;'!r'TERI QE''ATIO'1.This Secauit}+.Inb�meat is govemed by the lawa of the . . . . ---
<br /> ' ur�sdiction in which�ieaefciary is locateci,excePt to the extent�therwise reqwred by the laws of the jurisdiction where -
<br /> �the Property is tocated.'Ihis Secority Insuvment is complete and fully��. 7bis Sepuity Ins�ument�no�t b� ,: `'.� �..`�' `
<br /> a m e n d e d o r m odified b q oial a g r e e m e a��section in this Sewrity, attachments.or anY,ag�eemeat � �; .�-„,;�
<br /> the Secured Debt that cunfli�with applicab e taw aill not be effecave,��l aw express ly or�m p l i e d l y p e�i t s t h e .^..` '..����
<br /> � • � variations by wtiuen a�-I f a ny s e c t i o n o f t h i s S e�r i Imsd�mient cannot be eaforced accosd'mg to its te�ms,thsi _ . • �..`
<br /> ien
<br /> . .,.�.;. section will be severed and w�l not affect the�forceability o�the r�mainder of Wis Security Instrument.Whenever used, . . �_-_
<br /> the siagnlaz shall include the pIural and the pinral the singular.'I1'te captions and Headinga of the sepioas of this Security �.;,,;-.--
<br /> � ' � � Insuument are for oonvenience only and are not to be used to mteipret or defiae the terms of this Security Insaument. . .'�
<br /> � � ` T'mae is of the essence in this Secvrity Instcament. :�•'
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<br /> ' • ' ' - ?A. SUCCESSOR TRU�E�. Beneficiary, at Beneficiary's uPSon,.may from time to time remove Tsustee and appoml a , , t�,K.
<br /> sucressor uustee without any othe�r fotmality thaa the de.4i��nauon m writing.'tiie successor uustee without conveyaace of ,�°�
<br /> ' thep�p erry, sl�all sacceed w all the tit�e, power usd duties oonferred upon Tn�stee by this S�ecurlty Insttvmeat and _ 4.{t'��_
<br /> . . � • apPlic�lelaw. . � a��''� -
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<br /> .. ' Z5. NOTICE.lTnless o���bY law,ai nouce sball be given by delivering it or by mailinS it by fiist class m�ail .; ..:�
<br /> •' � . to the aPP�P�Party's address on page 1 o�this Security Instrument,or w any other address designated in writing. �',�;'_ti"�:;'.:;_
<br /> • � '� Notice to ane mistor w�l be deemed w be norice to all unstoss. . ,,;-,;,;��i�;:M1:
<br /> ' � ' 2 6. W A I V E�S. E x c e p t t o t h e e x t e n t p m i n'b i t e d b y l a w, T n�s t o r w a i v e s a l l a p praisement and homestead exempuon tlghts • ,'��_.
<br /> � � relatiag to the Property. ,�;�,
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<br /> - .- . . • 27. OTAEIt TERMS.If checked.the following are applicabte to this Securiry Instmrnen� � ...��,,,
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<br /> ' ❑Line of CredI�'19�e Secured Debi includes a revolving line of credit pmvision.Although ihe Secuced D�bt may be . ;��,,�
<br /> ' �•" , rednced to a zero balance.t�is Security I�nt will mmain in effect uatil mleased. ; '�"�r�".
<br /> O Constradlon I.oan.This Securlty Insbument secures an obligation incurrett for the construcaon of an improvement � �„���:
<br /> � oa the Property. . .��'�'�
<br /> ❑F9apnre FYW�g.Tn�stor grants to Beneficiary a security interest ir►all goods that Granwr owns aow or in the fanue ��:;�?;_'
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<br /> . , aad that are or will bProme fixmres related ta the Property. This Security Insuument suffices as a fmaacing : ��„,...
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<br /> ` �_ ''� statement and any carbon.photogaphic or other reproduction may be filed of record for piuposes of ArticIe 9 of the . ...:•�;`
<br /> � � Uniform Commercial Code. • :
<br /> '� ' '; O R�dere.The covenants aad agrcemeats of each of the riders checked below are 9ncorporated�to aad supplement and Y��+'�� . �
<br /> - , . . ameud the tem�of th:s Security Instrument.[Check aU applicabte boxes] .. . • � -
<br /> - � '.' ❑Condominium Rider � Planned Unit Development Ridet ❑Oiher.................................................. . .. : .
<br /> .. � 0 Additfonal Te�v. . .
<br /> �i . � . ' :' • .
<br /> SIGNA • y signing below.Trustor agrees to t�e tetros and wveaants contalned in this Security Insttvoient and in any ' . �
<br /> • attachmen T or also acknowled es receipt of a copy of this Security tASUUment on the date stated on page 1. , .
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<br /> i arc AI�RIQi (Date) lSi re)KIM K. Q� ate) , . . �_
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<br /> �; � ACtCA10WLEDGMENT: • `
<br /> �� • � S'TATE OF�I�'��............................ ..COUN'1'Y OP #�Ta�.........................:..... ........}ss. .
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<br /> .:.. .i roti�•�m�u� This instrument was acknowledged before me thls......�,$�}}......day of..........�?Y1�?�Y...�9.�$............. • .
<br /> ' , ' by ��.�f..���..�..�..�5,..�?��..... ............•�. ........ .......... . . . . .
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<br /> - . My commission expires: 64 .
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<br /> � � ,� GENEAA�NOtAAY•Staleot NeE►asNa -.-
<br /> J05EPH R.OOBROVOLNY
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