The URL can be used to link to this page

Home My WebLink About86663946/8 L/1. L AM 3!! w,od Lb£Z NW 'Pnolo '1s ''ou( •swelsAS s,e)uee 1766 Lm (17 JO 1 abed) (asn VA HO VHd '3 flHd VWNd 80d ION) 3DVDIHOW DNIWOAM 00'000'092$ 30lOWY SILL NI 00 /EZ /9 Q3,LFiM 3LON X2IOSSIWO2id Cap `salvp KnAnlvw 'sale' isa.ia;ui 'maw= awu `sawvu sJantoJ.roq sv pus swan apnpaup noK will palsa88ns st 11 Mojaq swap at/1 8upuaralar uaw) •suotinitisgns zo suotleo ipout 'sigma= `suoisuoixa ztatp Ire pug molaq paquosap lgap 3o onuaptna zaglo zo (s)Aluusn2 `(s)loszluoo `(s)alou £.zosstutozd Its jo stunt agl zapun paunout iqa j .d .luautnzlsui ,iltznoas sun ut pautgluoo slusuanoo am Jo Aug uuoJzad of pug ,iltznoas s,zapua-t loalozd o; luatunzlsut Altznoas sup ;o stuzal agl zapun apetu soup of /Ciddg lou sop uotisltuzil sup 'ow •luautnzlsui ,iltznoas sup of iuunsznd apetu Iiptisn saazego pug saa3 zaglo pug lsazaiut apnlout 1ou sop lunotue Jo uopelituil stgZ 00' 000'092 paaox lou legs atup auo ,Cue le luaulnilsul ,ilunoaS sup ,iq paznoas lunotus ledtouud pun au Lf411 NOI.LVOIMIO I If1 IIXVJ%I „,ivadozd„ sg of paujaz Ile) anoge paquosap alelsa teat aqi 3o tied aq `azninj agl ut amp ,iue le 10 `mou Amu milt sluautantdaz pue `sanuxtj `saznlonzls `sluatuanozdutt aznittl pue 2utlstxa Iis pue )tools zalem put `sagoi!p `suptz ueuedtz pus zaiem. He `slggiz set pus Ito `slg214 Iszauiuz `saple,foi `saousuaundde `sluatuasea 'swap tie qum zaglagos, (aPoo dIZ) (AD) TTTE8 &uiutoIC/A 30Q?3SH Z2iVd V EGVAI QMY QLMISH Q I-DVT.TV SI IQIHt ,D, 3rIf1Q3I-DS OL 2II3321 :,ivadozd paquosap 2uimo11o3 agl `ales 3o zamod tlitm `zapua-I of sluezzem pug saavout `s,ianuoo `sutg�zsq `sluez2 zogavoyAI `luauzn.zlsui ,iltznoas stgl zapun aouguuop d s,zo2s2uoj, pug (ntotaq pouIIpp) lq Q Paznoas agl aznoas of pug `po2patmoupe st gotgm Jo ,fouatotjjns pue idtaoaz aril `uotlezaptsuoo atgsntgn pue pooh zod 'IIDAIVAaAMOD 'Z •sluatuSpatmouoe pug saznleuSis ztagl `szo2s4loyg Isuotlippe zo3 `utazaq palezodzoout tunpuappy pagoglle aqi o1 zajaz `paxoago 3I agl pue JNiNO).M '.133)1 EIS, `'.!ti INNV3r Wd CZ Nnr oo 6C9998 :smolloJ ss Paugap st „1gaE 'ninon., tuzaj atLL 'SaDNVAQV 32IfLLf1A QNV Zg3Q aaUfIDaS 'b MI -IECN Vlunoj) is NZOONIZ ui palm! st Suadozd ag! OTTE8 AM 'NOL! V NQIDNIHSFINl Ii8E L008 XOH 0 d ONIWOAM 30 ELVIS SILL 30 SMFi: SHL 2IIQNf1 DNISSIX3 QNFf QSZINVD IO APNA 2iYLS dO )IN` e SHL 6i•6LZ DN II aL SE NH I SS32id3J T iNOdwco A,I,I'IISFZI'I Q3,LDIFI NTIO VD ON 'd' 'O'ri i 's,3Ilf1Vd :2I09dJ.L2I0yN :smolloj SE PIE `paztnbaz 32 `sioqutnu uopeo!JuU0pt xel pue sassazppe ziatil `salved OOOZ 'EZ aNnr st (luaunuisui Alunoas) oge5uoN sun Jo awp oqj 'S�Ii2Ivd QMv MINCE 'I (asns10 aouenpd aznlnt q M) aov L IoIJ Elea Sutpaoaag io3 aU J spy, anogy aaeds Salmo.fM Jo a3ElS N 103N1 (J3Af 3O3 3 g 9 SDdd ?Id }IOO1 (ssoippv) 8E XVMIH :2IIIQI al 652 OS6663y B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender under any promissory note, contract, guaranty, or other evidence of debt executed by Mortgagor in favor of Lender executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All obligations Mortgagor owes to Lender, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Mortgagor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Lender any notices that Mortgagor receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 7. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor's payment. Mortgagor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to maintain or improve the Property. 8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims and actions against Mortgagor, and of any loss or damage to the Property. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Lender shall give Mortgagor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 10. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property, including completion of the construction. 11. ASSIGNMENT OF LEASES AND RENTS. Mortgagor irrevocably grants, bargains, conveys, mortgages and warrants to Lender as additional security all the right, title and interest in and to any and all existing or future leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases and rents, issues and profits (all referred to as "Rents Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor is not in default under the terms of this Security Instrument. Mortgagor agrees that this assignment is immediately effective between the parties to this Security Instrument. Mortgagor agrees that this assignment is effective as to third parties when Lender takes affirmative action prescribed by law, and that this assignment will remain in effect during any redemption period until the Secured Debt is satisfied. Mortgagor agrees that Lender may take actual possession of the property without the necessity of commencing legal action and that actual possession is deemed to occur when Lender, or its agent, notifies Mortgagor of default and demands that any tenant pay all future Rents directly to Lender. On receiving notice of default, Mortgagor will endorse and deliver to Lender any payment of Rents in Mortgagor's possession and will receive any Rents in trust for Lender and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Mortgagor warrants that no default exists under the Leases or any applicable landlord /tenant law. Mortgagor also agrees to maintain and require any tenant to comply with the terms of the Leases and applicable law. 01994 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form RE- MTG -WY 11/18/94 (page 2 of 4) (17 Jo a6ed) ro pualxa lou Hugs redlouud of spaaoozd jo uotgollddg Cud •uotldo s,1apua'l 114 `anp uam iou JO 1ama14M `igaa pam °as ati o1 JO Alzadold a41 Jo .nsdai 10 uopelolsar ail 01 patlddz aq hugs spaaoozd aougrnsul iig `2upUM to paa12g aslM.iaglo soma '1o8g811oJA ,iq Alaluipatutut apeui iou It ssol jo paid a3reu1 kgut rapua-' •rapua-1 pue iauzeo aouulnsut am 01 aotlou aletpauiwt At Hugs zoSg811oj `ssol uodn •saopou Ientauaz pug stunituald pied jo sidiaoaz Ire zapua'i 01 0/112 ,i[alutpatutul imp 10 E .Iow `sa1mba1 lapua-1 3l •sFmouai pug saiot'od alp pion of ltS11 0141 aim' Irets rapun •aouglnsul am Jo uopguluual 10 uopglla°uuo JO iapuari Ajpou Atalglpaulutt jjuts io2e8uoj „•asnuio aaArd ssoi„ `aiquotidde azagm `pug „asneio a8g81zout„ prepugls u apniout Iiejs pug iapua -j o1 aiggldaoou aq Iregs sigma= pug satotiod aotrelnsul try •luatunilsui Afunoas sitj Jo suual a141 01 8utpr000g Auadold 0141 u1 s,1apua-i loalold of a$u1 A03 ureigo `uotldo s,1opuaj lg 'Amu rapua-i `anogg paquosap a8glanoo at1 utgiUretu of s'rej 1o8airoj 3i •platltf!M iiigguosgatun aq 1ou 'Tugs gotq' `reno1ddg s,rapuai 01 loafgns 1oBe2uoN q U S01 O aq llgts aougmsut am 8utptnozd 1a!11P aotrelnsut ail, •saunbar lapua-J lgtl spopad 0111 roj puu slunotuu 0111 ut paurelutgtu aq nets aougznsut sw •uotlgoo' pug ad,C1 s1t o1 anp Auadold 0141 iptM paletoossu X'gguoseaz s3'su pug sprezg4 tail0 pug l `poor 'arty q sSOI isure8g parnsul 1tllado1d daa31 jregs 1o8ga21OIA 'IIDNVUIISm •luaumoop Uat'.0g1° JO luatuaa1 E''tunas 'lstul Jo poop `a2g2irout rood ARE Jo suuai am of loafgns st spaaooid 3o luatuaissu S!UJ •luautnzlsui Alunoas su u1 paptnold se palldde aq Ii1M pug sluatuked paraptsuoo aq "uqs spaa°o1d Bons •Alradold ammo lzud Aug so tw Jo 8up'gl 10410 so uopEumapuoo g ZIIM paf°auuoo sagtuup roj tutu'° JO pzemg Sue Jo spaaoold ail rapuai 01 sugtssg 1oMuoJA 'mum 10 suopog paquosap angg a41 Jo Aug u1 atuuu s,1O 1l 210yil u1 aualualut o1 lapun sazuotlnu 1ae81zoht •sugatu rail° AIM JO `uretuop mamma `uotlguutapuoo 4fno141 iilzadozd a141 JO ff JO Aug a31u1 10 asggoznd of saptlua otignd 10 alunud `uopog pauarealtl 10 gutpuad Aug Jo aotlou idtuOrd lapua-' ant$ ii1M 1offg81oN Iuluatuuoltnug Aug Jo uoputopt O! 1 10 aOUglsgns snop1zgH Niue Jo asua'a1 paualeal 10 asgajal ail 01 8utlu(a1 2uipaaoold JO `uilulo `uone8psanut paualealtl 10 8utpuad Aug anti) anat'aq o1 uosgaz seq 10ffg811oj sg uoos sg uI rapua'i IJt1ou A'awlpatuutl iiggs 1o8e811ow Q •MWT reluatuuounug Aug IIIM aougploo °e u1 uotlou'mama' £I SSaoau fl a31E1 paps 1o$g81101A1 `1Uana ug tons ui •A11ad01d alp 8ulutaOU0O MW1 reluatuuo1lnug Aug Jo n011E101A g Si 010141 .10 ii11Od01d aq1 lnogg 10 lapun 'uo sm000 aouelsgns snoprezgH g Jo asualal paualua1 JO asgaIa1 g 3t lapua'l 1Jpou iilalgtpaunul Vets 1o8g81zow •0 •MrI refuatuuounug atggollddg Aug g11M aOtret'dtuoo iin3 u1 uleutaz imp pug `are `uaaq anti lugual Anna pug ro8e81royv `rapua-1 01 2tuipm u1 pa2paTMOU3iou pug pasoloslp ,iisnotnald sr ldaoxg g •,(uado1d a1413o a°ueualuretu pug asn'gtuz0u ail 1oj aWtldoldde aq o1 pazp120oaz IIrelaua8 are lgg1 saoueisgns snop1uzgg Jo salllluunb mare 01 Aiddg 1ou saop uopotllsar slgi, •Allado1d agl ut JO 110 pasualar so palols `pale °o' aq IIIM zo sI aouglsgns snop1zgg ou `zapuaq 01 $upIM ut pa2palm0u3loe pug pasoloslp A'snolnald se ldaoxg •d :lug1 saa1$g pug sluglreM `sfuasaulal 1o8g81row Mg-' Igluautuo1lnug Aug spun „aouglsgns snoprezgq„ 10 „alsEM snop1gzgq„ „`saouglsgns oixo1„ „`repalgtu snop1zgq„ sg paugap saOtrelsgns Aug `uopgltutti 1nog11M `sapnloul ULI 1 at u, •luatuuounua JO areJIaM `iilajes `141reat ollgnd am 01 sn0laatrep iIret1U010d JO snola2uup a°ug2Sgns 0141 rapuar tot4M sopsualogrego set 4O14M 1URutureluoo 10 lUeinllod `a1SgM `Iuualgtu snop1zgli ro anp°goipg1 `oixol Aug Rigout aouglsgns snoprezeg (Z) pug `.aouelsgns snoprezgq g 10 luatuuoltnua `azllaM 'Awes 'wait ollgnd aq1 8uluraouoo walla' anpazdrafut JO suotuldo relauag Aaulollg `srapzo irno° `saotreulplo `suollgln8a1 'shut wool pure awls `'elapa3 ratio Hu put: `(•bas 1a 1096 'Y'S'n zi `v »1 lod Autmgl'I pug uo11 suadmoD `asuodsag'uluaumounug antsualiarduto3 at1 `uonullutll inotltM `SUR0111 Mel luluatuuoltnug (I) `uolloas sup ut pasn sd SaDNVZSULIS SflO(RIVZVH aNV SMV'I '9I •asgalar lions Jo moo uojlgp1ooar Aug ro3 /cud o1 saa1gg 1o2u811oyAI •pasgala1 T11un pajja ui ureutaz Vets luatun1lsul ''tunas suu, •lapuag am Jo aaiioldtua pauglgs a 10J saa3 ,siiauroflg apnloul 1ou saop Junotuu sn',l, .sasuadxa pgai zatp0 pug 'moo lino° `5003 ,sAauaollg a'gguosgaz `01 pallunl 1ou lnq `apnloul Amu lunoure S1UJ •fuatutulsui ii2un °as si41 spun salpatuar pug slt8tr s,1apua'l 2utloaford zo 8u1o1oJua &up0al'oo ut rapua'i q pain °u1 sasuadxa pug moo ire ,iu o1 saal8g 1o8g$110JA •1q0 j porn °as am Jo stulal alp u1 paptnord su 1°0330 u1 mg.' 150101u! 1sat81q 0 t11gTIM u1 pred'fun luatuAgd am 3o algp 0141 tuoIJ 250101u! react JIIM sasuadxa 05014,', •1satalul ,illmoas s,1apua'i pug Alrado1d 0141 2upoolo1d asIMratllo ro 3upuasald `8up°adsul `Sutrnsui roj lapuaZ ,i palmout lunoure dire ptnuiap 110 Agd osre IIIM 1oggaizow •luatunllsul Afunoas sup u1 111E110n00 Aug sattogalq 1o$g 110yN J! sasuadxa s,lapua -i 3o lit Agd o1 Sa0r2g 102E21.101AI 'MEI A pallgmtold ua14M ldaoxg 'S.LSOD NOLLDII'I'IOD u au suaddgi s0 sanuiluoO 1! II lingjap liana 01411aplsuoO zo1e1 0111429 s,lapua-1 OAIRM lot saop spoor' `l'ngJap s,1o2a110JA uo /patual /iuu Sutstolaxa lot gig •1ingJap 5utlstxa Aug 3o a1n0 alaldutoo aunbaz 01 114211 s,rapua-1 3o 1anreM g alnitlsuoO 1ou Hulls pait are SButpaaoo.zd alnsoloalo3 1a13e 10 palu1alaoog sI JO anp a0ugluq ail 1a13e 1qa( pamoas 0141 uo luawAud Igti1d ro luau' iud u1 utns Aug 3o rapua-j Sq aotreldaoog 0142 •1491°3 las Stssaidxa 1ou ro zagla4M `Iillnba 10 Mgl 114 paptnord satpatuaz Ile 01 paptlua s1 rapua'i o11 pug `anlsnIoxa lot pug anpelntuno loupslp azg salpatuar ITV •Alladold ail Has o1 raMOd ail `uoj1g11uttl lnotl!M `2utpnJOut sluatunoop 901 101 Aug pug 1uOtunrlsul 'ilpnoas sup Ictau porn °as a413o swim am 'Mg1 Sq papinOrd satpatuaz ail tit IN p0111fua aq Nets lapua `uo111ppg u' •1913ga1atl autl1Xtre JO lingJap g 3o 001101111000 9141 uodn `Mgt ,iq pazinba131 a0110u 2utnt2 1afjg `a'ggAed pug anp /ilaletpatutul autooaq frets redlouud pug Isamlul potuoou `sa2reto pug saa3 paal2g a413o fired Aug zo iIg `lapua'i 3o uotldo am ld •lingjap 111 s1 ro2g$lroJ,4 ji Mut q papinord Jammu g u1 luautnrisui Aiunoas s1gl asoloaio3 pug igaQ patinas a41 alg1a'aoog Sum rapua'i 'Aug 31 `suotlglnul' 05941 01 loafgns •suopoe arnsoioazo3 ro3 sa'npatos auz11 14s!lgglsa Jigtu pug sa011ou laglo JO amo 01 114811 a413o a0Ilou g1IM 1o2e2lrow apinozd o1 lapua'i altnbal IIIM M14 awls pug puopal `saouglsut autos ul 'Z'mv Iaa NO SIIIaaZ1lall 'PI '1lnRJap Jo liana ue a1n11isuo0 0Sre Pets pazredtul zC11ado1d 0141 3o awn a41 10 fuatu1fed Aug 3o loadsord 041 1E4f 10 NOG pamoas 0111 110 palg2ggo 41119 JO uoslad Aug 01 loadsal gum a1n°asul s1 0utp Aug w rapua-i 1gg1 Japuai ,iq 3atlaq 14ire3 poo8 d •igaQ pamoas 0141 2u1Aluulen210 8uunoas 'guifuazo 3o asodrnd 041 103 pafnoaxa luatunoop 1a4fo Aug 10 fuaumlisut Allmoas spy 3o stuzal 041 lapin sm000 14oualq e 31 1jngJap 111 aq 1i1M 1o$g2uoyAi anp ua14M luatuhd a)lgtu o1 S1T3 igaQ pamoas 0141 uo pawWItgo Aired Aug 3I 1'nujap u1 aq ,IIIM ao2g4tow •.L'IIly3IIQ •£I •ivatudolanap lion patiugid xo`ulntututopuoo alit 3o suollu'n2a1 10 `sMg' -Sq `sfuuuanoo 0111 spun sajlnp s,1o2r211ow 3o Ilg turoJlad atm 1o8g211ow luatudolanap 11un pauttgld E 10 tuntulutopuoO g 111 flung sapnloul iilladold 9141 n •p'ogasgai g uo s1 IUatutulsui Iilunoas sump 'as>?ai,Aut: 3o suolslnozd 041 g1tm iilduioo 01 saaz2g 1o2g211oN 'S.LNaixdO'IaAa( 1 QIINNV'Id 46/8 1./1. AM-9144-1HWloj (L4EZ L61 NW' P "ou'sweisAssee ,juee46614® fSaa,4 iSAIIN2IO.L.LV !SJNVNIIAOD NO SaDNVAQV •SIISNddXa 'SI 'NOI.LVNNi3QNOD 'LI !SWIlINIJNOQNOD !SQ'IOHIISVII'I 'ZI 4,J�.�aw '8I 0866639 19. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 20. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and Lender's lien status on the Property. 21. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Mortgagor, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation. These rights may include, but are not limited to, any anti deficiency or one action laws. Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. 22. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 23. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors. 24. WAIVERS. Except to the extent prohibited by law, Mortgagor waives any right regarding the marshalling of liens and assets and all homestead exemption rights relating to the Property. 25. OTHER TERMS. If checked, the following are applicable to this Security Instrument: Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. X$ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Mortgagor grants to Lender a security interest in all goods that Mortgagor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] Condominium Rider Planned Unit Development Rider Other Additional Terms. SIGNATURES: attachments. Mort PAULIE'S, L. postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Mortgagor. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. (Signature) PAUL F.M. SHAVER III, MANAGER /MEMBER ACKNOWLEDGMENT: STATE OF North Carolina COUNTY OF Dare ss. (Ind1°'d0al) This instrument was acknowledged before me this ....2 ?nd day of J}xnN,, 2QQ0 b PA iii VER III, MANAGER /MEMBER, PAULIE'S L L C ,A NORTH CAROLINA LIMITED LIABJLIT COMPANY. 01994 Banker igning below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ,A NORTH CAROLINA LIMITED LIABILITY COMPANY My (Date) r4 93aooi 930T4iti. Lt et at Form RE- MTG -WY 11/18/94 o r 0 orovoatuN1 6 5I (Signature) (Date) (Not ry Public) (page 4 of 4) •6uzuui6aq 3o quzod at[ 04 4aa3 00'LE 'auTT 1.11110S pTps BIM 'M u65,9So68 N aouaqp MN%TSN PTps 3o auTT 1141OS atp 6uzaq 'iigaadoad Aat6pg piss 3o auTT gpnoS uT 4uzod s oq.gaa3 SZ'Z9 'S n0',OEo9E S aouaq4 g993 00 'YTMN%TSN pTps 3o auTT gsaM alp 6uiaq 'iigaadoad liat6pg pips 3o auTT 1saM alp 6uore 'M iZE,Z0o0 N aouaqp (SZS9T /TMN) i4MN%TSN PTPs 3o aauaoo gsaMqpnoS stn ao3 uoT4poot 9661 aaxpg 'S p'ioT'1 alp 6uTNapw quawnuow adriq Wag atm qp 6utuuT6ag :sMOTto3 Sp pagiaosap ATapTnoTgapd aaow 6uiaq '6uTworiM 'iiqunop uTooUZri •W•d 1149 at;l 3 M6112i NEEI SZ uonoaS 30 i4MN%SN alp 3o uoTgaod p 6uzaq '809 a6pd uo Hdf,ZT., }[oog uz papaooaa LET9S9 '0N quawna4sui uz oq paaaa;aa iigaadoad Sat6pg aq 3o uoTgaod y :pup' pagiaosap 6 uTMoTto3 alp ssoaoE SS ODP 30 41.16z1 atjy Z Zeoled '6uTuui6aq 3o quTod alp oq gaa3 E9'6ZE1 '%MNYSS pips 3o auTT gJa0N alp 6uoTs 'M u6S,9So68 N aouagq !%TMN%SS PTEs 3o aauaoo lspag4a0N aqa 04 gaa3 EZ'OZE1 %MN%ES pTps 3o auTT gspS aqf 6uots 'M uLT7,E0o0 N aouagf •'/TMN%SS pzus 3o aauaoo 4sPaggnoS aq 04 S6'LZE1 '%TMN%SS ptps 3o auTT qpnoS alp 6uote 'S u10,SSo68 S aouag4 I%MN%SS pips 3o aauaoo IsaMgpnoS alp 0 gaa3 3o auTT seam atf 6uots 's H60,8000 S 6utuuna aoualp 1 %MN%TSS Pzps gaa3 8i7' 61E1 %TMN%SS PTEs :sMOTTo3 SP pagTaosap AtaptnoTgapd aaow 6uzaq 6uTwoIiM 'iiluno3 uToouVZ ''W'd 'M6112I NEEL 'SZ u0?laaS 3 %MNXTSS atts OSW •6uzuuz6aq 3o 4uzod at oq 4993 E9'6ZE1 '%TMN%TMN54S PTEs 3o auTI gfnoS alp 6u0Tp 'S u6S,9So68 S aouega !XMNXTMN5 S Piss 3o aauaoo gsaMtpnoS alp 0q gas; tZ' OZET '%T3104SW4S PTSS 30 suit qPnoS atlq 6uoTs 'S u1E,LSo68 N aouatll IYIEN/TSN54S PTSS 3o aauaoo gsaMtl4noS at[ 4 0 49a3 £8'6S9 '%SN%SN54S Piss 3o aurt gsaM 9 t14 6 U 0 Ts 'S uEZ,60o0 S eouagl %SN%SN%S pTps 3o aauaoo gsaMlpaoN aq 0 1993 V9' 61£1 '`/TSNXTSN34S Piss %SN%TSN54S pips 3o aauaoo gspagfaoN atl. 0 gaa3 L''OEE1 4MN%MN paps 3o suit gPa0N 6u0Tp 'M u6S,LSo68 N eouagf r%TMN%MN54S piss 3o aauaoo 4ssaggaoN alp 0 4aa3 vL'6S9 '4MN%MN54S PTEs 3o auTT gspg aq3 61 10 Tp 'M u60,8000 N 6uzuuna aouagf W.EMNXTMN54S pips aq4 3o aauaoo 4spaggnoS alp 4s 6uzuuT6ag :SMOTto3 BP pagTaosap Atop-monied aaow 6uzaq A4unop utoouTZ ''W'd tI�9 'M6112I NEEI 'SZ uonoaS 3 %TMN%MN54S alp pus 9Z uoTgoaS 3 %SN`/TSN aq,L Z Teo red :smoilo3 se paguosap st puv 'uleom 3o Aluno0 '3uiuzoicM 3o awls sup uT pammis si luam uzuzoo sup ut o; panajai puzl WO L669 VA :'oN Iuauulu tuo0 qS9 3o aauaoo gsaMgqaoN aqf 3p 6utuui6ag 3o aurt gPaoN alp 6 uoTs 'M u9t',85o68 S aauatll O f'If1QEHDS AAA Z861 .LNHWIII'JJ' O0 V L'IV I6 /II