|
.�r,,..,,: , . .
<br /> ::� , . ., . .
<br /> ,� . . _ -
<br /> � ,- --. .�,_.......__ . . . . .. ~��'.�`.__ _-- ----_-_
<br /> � . ,��, . � ,•., '-�.�. .... ,.._ ..._._...__»��±�s�.�:m• . ..- �---
<br /> ..,
<br /> . , .,.,
<br /> .,�_... . ..._..:.. „ .. ,. W.
<br /> _: :�. _ .
<br /> �� st:
<br /> �ft�.'�.'-_-..___......._.-----�v�..__. ��
<br /> . • ' '"� ""__"' �B'-_5=_..
<br /> b
<br /> . ...1�.
<br /> _ ...,.. ���� g�o 1U2:�S� ��_:_
<br /> ; �
<br /> �.�_.
<br />- r � --
<br /> I�. �\L I futurc ndvuncc�;from d�:ndcr tu(;ri�ntor ur uthcr futuru ubli}�u�inns uf(irantur ta I�:ndar undcr imy prutnissory �
<br /> n�,tc.cuntruct.�uuninty. c�r uthcr cvidencc uf dchl cxccutcd i�y(ir+uttur in favur uf l.�:ndcr cxccutcd nftcr this ,.
<br /> ;. tivcuriry Intilrumcnt whcthcr or nut this ticcurily Intitrumcnt is sprcificully rcfcrcnccd. If m��rc thun un� persun
<br /> si�;ns tlds Sccurity Insuumcnt,��ich Urantur agrccs�hut�his tircurity Instrumcnt will sccurc all[uturc ndvasncrs imd
<br /> � � futurc oblig�Uiuns thut i►rc givcn W or incurrcd by aeiy uiic ur murc Grnntor. or uny onc ar morc Grantor an�l �'�
<br /> . •.} oi I�cr�.All fuu�rc advanccs nnd othe:r futurc ohligiui�ms ar�sccurdd hy this Sccurity Instrument cvcn though i►Il or �``,�
<br /> �� p��n nuiy not yct hc ndvnnad.All futurc ndvanc�s and othi•r futum obli�ations are secured as if mruic on thc dntc :.�
<br /> . . ;,��� uf this Security Insttument.Nothing in this Securiry lnstrumcnt shnll c�nstitutc a commiuncnt w mnke�►dditiunal _._::,;
<br /> • or futurc louns or advancc:s in any umount.Any such commitment must bc ugn�_d to in a scparatc wr iting. g.�:_
<br /> � C.All obligations Grantor awes to l.cndcr,which muy latcr urisc,to tho cxtent not prohibited by Imv,including,hut
<br /> ;�.�"'W"'�� not limited to,linbilities for ovcrdrafts relnting to uny deposit accaunt agreement betv�cen Gruntor and I.�nder. �•��=��
<br /> , __
<br /> � � I7.All additionnl sums advanced and expenses incurred by I..ender for insuring,prescrving or othenvise protecting ��',:_.
<br /> ;. � ttae Property and its value and any othcr sums advanced and expenses inwrccd by Lendcr undcr the terms of �±�;�
<br /> ; . tt�is Security lnstrument. ��=�
<br /> ; Thi�Security lnstrument will nat secure any other debt it i..ender fails to give any reyuired notice of the right of rescissian. �
<br /> 5. PAYhlENTS.Grantor agrees thnt all payments under the Secured Debt will be paid when due and in xccordance
<br /> •f� witt�iha terms of the Secured Debt and this Security Instrument.
<br /> b. \V�►RRANTY OF TITI.E.Grantor warrants that Grantar is or will be lawfully sci-r_ed of the estate convcyed by this
<br /> • Securiry Instrument and has the right to irrevocably grant,convey, and sell thc Property to Trustec. in trust, with
<br /> powerof sale.Grantar also wanants that the Property is unencumbered,except for encumbrances of record. _
<br /> � 7. PRIO[t SECl1PJTY INTERES75.With re�ard to any other mortgage,deed of trust,security agrcement or othcr lien
<br /> � document that created a prior security interest or encumbrance on the Property, Grantar agr�es: �-�
<br /> A.T'o make all payments when dae and to perfo�in or comply with all covenants. ___
<br /> B. To promptly deliver to Lender any notices that Grantor rec�:ives from the holder.
<br /> C. Not to allow any modification or�xtension of,nor to rcqucst any future advances under any note or agreement
<br /> ' secured by thc lien document without I.ender's prior written consent.
<br /> 8. CLAIN[S AGAINS'1'd'IT1LE. Grantor will pay all taxes,assessments,liens,e�cnrnbrances, Iease payments,geound
<br /> � ' rcnts,ut ilities,and uthcr charges relating to the Propi:rty when duc.L.ender rnay rcquirc Grantor to provide to Lender
<br />-�" • • capies of all notices that such amounts are due and the receipts evidencing Grantor's paymc:nt. Grantor will defend
<br /> • titic�o t�e Property against any claims that would impair the lien af this Security[nstrument.Grantor agrees to assign
<br /> • to Lcnder,as reyuested by Lender,any rights,claims or dcfcnses Grantor may have against parties who supply labor
<br /> s->• :;�c���:K.: or rnateriais to maintain or improve ti�e RuNC�ty.
<br />_.:' ''`�:'�'�-`:tf` g, ID3JEmN SALE OR ENCBlMBRANC�..Lender may,at its option,declare th�.entire balance of the Secured Debt to
<br />='�. S�'r���'Y'' be immcdiately due and payable upon the creation of,or contract for the crcati�n of,any lien,encumbrance,transfer
<br /> .. .-�.,}:i� .
<br />_�'+�.'•�.�.•f or sa�of the Property.This right is subject to the restrictions imposed by federal law(12 C.F.R.591),as applicable.
<br /> y"b'='�'.•as:
<br />_,;;;��...;.,_,�. 1'hiscovenant shall run with the Property and shall remain in effect until the Secured De�it is paid in full and this
<br />=°=-4�'• r Security Instrument is released.
<br /> '¢g!'�',��'�, 14. PROPERT�'CONDI'fION, ALTERA7fiONS AND INSPECTION. Gramtor will kcep the Property in good
<br />�r����;j;�;.,: condition and make all repairs that are reasonably necessary. Grantor shall not commie or allow any waste,
<br /> impaimnent,or deterioration of the Property. Grantor will keep the Property frcc of noxious weeds and grasses.
<br /> -�i��=� Gramor agrees that the nature oF the occupuncy and use will not substantially chnn�e without Lender's prior written
<br />=�'�'��.��, '�
<br /> �:�,��Y conunt.Grantor will not permit any change in any license,restrictive covenant or easement without Lender's prior
<br /> - �_�, wrritlen wnsent.Grantor will notify L.�:nder of all demands,proceedings,claims,and actions against Grantor,and of
<br />�,?�'•,� any bss or damage to the Properiy. _
<br /> *�� l.cnder or Lendcr's agents may,at I.endcr's option, enter the Property at eray reasonable timc for the purpose of
<br /> —�-v��± inspecting the Property. Lender shall give Grantor notice at the time o[or beforc an inspection specifying a
<br />�LL�.- reasonable purpose for the inspection. Any inspcction of the Properry shall be entirely for Lender's benefit and
<br /> ����^ Grantor will in no way rely on I.ender's inspection.
<br />� `•`?��� 11. ACITHORITY TO PERFORAi. If Grantor fails Yo perform any duty or arap af the covenants contained in this
<br /> ����� Security lnstrument,Lender may,without noticc,perform or cause tliem to be perfornted. Grantor appoints Lender
<br /> "'-�°'''—�= as auorney in fact to sign Grantor's name or pay any amount necessary for performance.Lender's ri�ht to perform for
<br /> Grantar shall not create an obligation to pedorm, and Lender's failurc tu perform will not preclude Lender from
<br />-�,��� exerrisi ng any of Lendci s other rights under the law or this Security Instrument.If any construction on the Propeny is
<br /> �;��-- discontinuc:d or nnt carriEd on in a reasonable manner, L.ender may take all steps necessary to prntect L.ender's
<br /> --_
<br />
|