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<br /> � �D. All futurc advanccs from Lcndcr tu Grnntor or olhcr finurc ul�ligations u(Grantor to l.cndcr undcr nny��romissory _.
<br /> notc, conRact, gunrnnry,or c�tiicr cvidcncc of dcbt cxccutcd by Grantor in favor iif l�:ndcr cxccutcd aftcr this
<br /> • Securiry Instrument wlicthcr or not tiiis Sccurity Instrumcnt is spccifically refcrcnccd. If mon than onc pcnon
<br /> signs ti�is Security Instnrmcnt,ct+ch Grantor�grecs that�his Sccurity imtrumcnt will securc�ill futurc advances and --
<br /> � future obligltions lhat arc given to or incurred Uy any onc ar more Grnntor,or any one ar morc Grantor and
<br /> othcrs.All fWUr��advanccs and othcr fuwrc oUligations are sccured by this Sccurity Instrumcnt cvcn though all or
<br /> _�.,;,,��� part may not yct be�dvanced.All future advAnces and other future abtigations are securcd as i[made on tlie date
<br /> _-- �-:�, af this Security Instrument.Nothing in this Security Instrument shall mnstitute a commitment to ma[ce additional
<br /> or future;a�ns or advances in nny amount.Any such commitment must be agreed to in a separatc writing.
<br />-.��"d C_. All obligations Gn►ntor owes to Lender,which may later arise,to thc cx�;;nt not prohibited by law,including,but
<br />�` ' not limited to,liflbilities for overdrafts reluting to any deposit account�greement bet�veen Grantar and Lender.
<br /> � . 1�. A11:3dditicmal sums udvanced and expenses incurred by Lender for insuring,preserving or othenvise protecting
<br /> _ 3� thc Frop�rty nnd its vttlue and any other sums advanced and expenses incurreJ Ny Lender under d►e terms of
<br /> � thic�ccurit��Instniment.
<br /> ' 77��s 9c�urity Instrumcnt��nll not secure any other debt if Lender iails to give any rcyuired notice of thc right of rescission.
<br /> ��� S. PAYFrQ1:1VT��Grantar agrees that all payments under ttne Secured Debt will be paid when due and in accordance
<br /> _ � with ihe terms of thc Secured Debt and tlris Security lnstrument.
<br /> � 6, �VA Rl'�/�.RlTY OF TTTLC.Grantor warrants that Grantor is or will be lawfully seized of the estate convcyed by this
<br /> � Sexurity Instn�ment and has the e-ight to irrevocably grant,convcy, and seil the Property to Trustee, in trust,with
<br /> pr��vcr of sale.Grantor alsu warrants that the Property is unencumbered,except for encumbrances of record.
<br /> • � '� 7. P/tIOR S�'iCUli.f'i i'Y UYf�ItGS1'S.With regard to any other mortgage,deed of trust,security agreement or other lien
<br /> .� do:ument thnt created a prior s�curity interest or encumbrance on the Property,Grantor agrees:
<br /> � • � ,,, � A. To maks..�l1 puyments+vhen due and to perform or comply with all covenants. -
<br /> � '� . fl. To pmmpt�y deliver to Lc:nder any noticcs that Grantor receives�i�om the holder.
<br /> � C. Not to allo�v any modification or extension of,nor to request az�?�future advances under any note ot agreement
<br />�-.y. . .•, secured by the lien doi:u,.nent without Lender's pri�nvritten consent.
<br /> � � 8. CLA1I495 A.GAIN81'T1Td,E,C�rantor will pay all taxes,assessments, licns,encumbrances,lease paym�;nts,ground
<br />�:;�:_ . ` rents,utilities,and othcr charges relating to thc Property�vhen due.Lcndcr may require Grantor to provide to Lender
<br /> • cttipies of all notices thnt such amounts are due and the receipts evi��ncing Grantor's payment.G�antor will defend
<br /> �° � `" titlo to thc Prop�rty againsl any claims that would impair the lien of th�s Securiry Instrument.Granto�agr�es to assign -
<br /> . - to L,�nrier,as nequesteti by under,any righcs,claims or ciciensea vr�uuiur uaay iiava ugaiiist pa�i�s:�t�a s NYnY ia�r
<br />= ar mntorials to maintain or improve the Property.
<br /> i��� � " 9. DUF ON SE►LC Oft CNCUMIIRANCE.[..ender may,�S its optlon,d�cl�re the entire balance of the Secured➢�ebt to
<br />-����'��� ba immed'aately dr,u:and payable upon the creation of,or contract far a�h�creation of,any lien,encumbrance,iransfer
<br /> �`''""" '°"' or sala of the Pru ^rt This ri t is sub'ect to the restrictions im osec�b�federal law 12 C.F.lt.5�1 ,as a licable.
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<br /> �=�,....� This c.avenunt shnQ run�vith the Property and shaU re�tain in etfect unul the Secured Debt is pni�in full and this
<br />-�rt.;.��:s : ' Security instrumont is released.
<br />�;.�,"�,_ 10� PROI'LrItTY CONUI'I'ION, ALTERATIONS AND INSPGCTI�N.Grantor will keep the Prapeny in good
<br />��__�''�r condltion and mnke aU rop�irs thet are reasonably neccssary. Grantor shall not commit or allow any waste.
<br /> -1°�-�=�""-=`�s. impairnunt.or deteriaration af thc Property.Granror will kcep the Property frce of noxious weeds and grasses.
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<br /> ..a;,� , Grnntor agrees thut the nature of the occupancy and use will not substantiaUychange without L.cnders prior written
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<br /> o.;=.::s�z. onnxent.Grantor�vill nat pErmit any change in any license,restrictive covenant or easement without I_en er's pnor
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<br /> �vritten consent. Gr�ntor will notify L.ender of all demands,proceedings,claims,and actions against Grantor,and of
<br />_=Q-_::.i.��� any locs or dnm��ga to tho Froperty.
<br /> _ _�._;��; � l.x;ndur ar Lendar's agants m�y, at i.ender's option,enter the Property nt eny reusonable time far the purpose of
<br />-�_�i� .., inx�ecting thu Prop�rty. Lender shuU give Grantor notice at the c•ime ot or before an inspection specifying a
<br />—�.�::�; rear�onablo purpaso [ar the inspection. Any inspection of the Pra�es��}•shall be entirely for Lender's beneCt and
<br />--`u�;�r�� Cmntor�vill in no a�a}•roly an Lender's inspection.
<br />�'� 11. 611�'�'ldORITY [YI NBltNORM. It Grantor fails to pea'form any duty or uny of•the covcnants cuntained in this
<br /> --=="'x�� S^ourity Inslnen�nt.Lender may. without notice,pedozics or cause them to t�. performed.Grantor appoints Lender
<br /> — __� as c�itomay in frst to sign Grantor's namc or pay any amo�nt n�cessasy forpedormancc.Lcnder's right to perfom�for
<br />--=x .,��ry.. — Grantor shall nn7 create a�obligation to perform,and Ixnder's failure to perform will not prcciude L.cnder from
<br />--��_-�a eKescising any of Lender's olher rights under the law or cPnis Security Instrument. If any construction on the Property is
<br />�„�i�. - di��minued or not carried on in a rcasonable mann�:c,Lender may tnke al! steps nccessary to protect Ln:nder's
<br /> '?���_ � , s��irity interest in the Property,includin�complction c���i�e construction.
<br />��''~ � ^�" 12. AS�1G!V161CPa'II'O�LEASES AI�TD REM'S.Grantor irrevoc;�bly grants.conveys and sells to Trustee,in trust[or the
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<br /> a.;:.�'-::�:'�:._ : bencGt of Lert:t�:;r,as additional security aU thc rignt,title and interest in and to any and all existing or future Ieascs,
<br /> -_ ,,._� snb!eascs, and any other written or verbal agrcements for the usc and occupan�w of any pc�rtion of thc Pruperty,
<br />- � - iu;lu�ing any exeensions,rene�vals,modiGcations or subs3itutions of sueh agseements(all referred to as"Lcases•")and
<br /> �,. .. ,' .�;� mci:s,issucs and profits(all referred to as "Rents"). Ga��ntor will promptly proride [.endcr with truc and correct
<br />�'�r�• •''' copies of all existing and fut�re C.e.ases.Grantor may collect,receive,enjoy and use the Rents so long as Gruntor is not
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<br /> � • � in default undcr the tcrms of this Security Instntment.
<br /> - �- �'`�"� � Grantor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that I.ender is
<br /> i;-:� • : .�- entitled to notify any of Gr.�ntor's tenants to make payment of Rents duc or to bccomc due to Lendcr.However,
<br />--- �'- `��'�'-'�� `� L.endcr agrccs that only on default will i.ender notify Cirantor and Grantor's tcnants and makc demand that all tuture
<br /> " �+°�`� � � ' Rents bc paid dircctly tn Lcndcr. On recciving noticc ot dctault.Grantor will endorse and delivcr to Lender any
<br /> - '�' - � .�.-� - �-- -�. :��_ _�_.�_
<br /> -- rr -: �` paym¢ni ui iccnis in vraniur�puati�a�iun anu wiii rc�-cive any ncni� in iiiiai�v� ���uc� u��u a.���uvi tO,Tu7�i��gn. u�..
<br />" - � • ; � Rcnts with any other funds.Any umuunts collected�vill be applicd as�roviJcd in this Sccurity In.frament ('.r�ntor
<br />- '. warrants that no dc(.�ult cxists undcr the Lcascs or any applicablc landlorcllt�nant law.Grantor also agrres to maintain
<br /> ' and reyuin any tcnant to comply�vith thc tcrms of thc Lcases and applicablr la�v.
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<br /> � 13. LE�SEH(DLUS;COl\DOI►tINlUM11S: PLANNED UidLT I�GVELOPAfEM�.Grantur agrccs to romply with ihc
<br /> � provisions ut any leau if this Sccurity Instrument is on a Icasehold.lf the Property�includrs a unit in a cunduminiuni
<br /> or a pl.inned unit dcvclapmcnt, Grantur �vill perf��rm all of Grantor's aiuties under thr co��rnantti, by-la�vs,or
<br />- rcgulatic�m of thr cond�nninium ur planncd unit dcvelopmcnt.
<br /> � 14. D(LaAULT.Grantor«•ill hr in dctault i(any party obligaic�i on thc Sccur�d Dcht [ails tu makc paymrnt��•hcn Juc.
<br /> - Gr.�ntor�cill he in Jcfault if a breach uccurs undcr thc tcrms uf this Scrurity Instrument or any othcr durument
<br /> � (pago 2 of 4)
<br /> tl,m+es+�cnsys�a�+a��c SI Ct�0.1lN I�A003�7•?N�I�crmRF•Ot.NE 669�
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