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<br /> l�. All Cuturd advancrti fram l.cmlcr tu t.�r,n�tor iir ulhur fulurc ut,hg;iliunti uf t;rantur tu I.cn�lcr un�lcr:iny prumi.sury
<br /> nutc,cuntract,gui►raniy,or utEu:r evidcncc ui dt�bt cxccutwd hy (irmtur in favur u!' l.cndcr cxrcutcd u(tcr this
<br /> tiecurity Instrum�nt whi:thur ur nut ihi�: Sccunly htsU�umcm i+sp�:cifically rofcrcncrd. 11 niurc thi►n onc {���rson
<br /> signs this Sccurity instrumant,c��r.h Cirantur a�;rccs ihial this Srcurily In�;�rumcm will�ccurc all fu�urc ndv;inccs and
<br /> (uturc obligi�liuns tht�t arr, �:ivcn tu or incurrcd hy any onc ur nturc (irant��r, or �my unc ur u�urc�ir�ntur and
<br /> • • othen.All futurc udvanccs��nd cstl��rfuture ut�lig:itium arc�ccuir�l hy this Sccurity Instruntcnt cvcn thauF;h all or '„
<br /> part m�i}•nut ��et he,�dv,ini�ed All fri�ur�•;id.�;jnre�ami ntl�rr futurc•�,h!i�;,iti�+n,.:rc�rrurcii;i,i(mtidu nn�he d;itc
<br /> • �=t c�f this Sccurily Instrum�rnt. Nottiin�;in tiiis tircuriq�M�tnunrnt�hfill cunstitutc u cun:mihncnt i��m:►kc additional
<br /> � � or futurc lnans or advnni:cs in any arnount.Any c����h cummiUnrm mu,t hc af:rrrd lu in a x:parutti�vritin�;.
<br /> . '��;�', G All ubli�ations Grantar��ves to I..i:nJer,�vhich mt�p latrr arisc,tu tl�c cxtcnt nuc��,ruhihited hy I�nv,including,hut
<br /> " not limited to,liEihilities fur uvcrdrafts rclntin�;to.my dcpcnit.�ccount agrcrmcnt bctwccn Grantc�r imd l.�ndcr. �-
<br /> ,`
<br /> � U. All additionc►I sums ad���nccd and expcnscs incurrc:d hy Lcnd�:r fur insuring,prescrvin�;or othrnvise protcctinF
<br /> thc Property nnd its.�nluc�nd any othcr sums t�dvanced and rxpc:nscs incurrcd by lxndcr undcr thc tcrms of =
<br /> � this Sccuriry Instrumunt. ` •
<br /> This Sccurity Instrument�vill not securc any othcr debt if I.cndcr fails tn givc any rcyuircd nulic�uf thu right of resrission. �`?-
<br /> ` S. PAYMENIS. Grantor Agrces t{int all paymcnts undcr thc Securcd I)ebt will bc paid when duc and in aceordancc �"
<br /> with thc tcrms of thc Sccurr.�d Dcbt and thisSccurity In�trument. '_
<br /> ,q 6. WARRANTY OF TITL�.Grantor���nrrants tlmt Gr��ntor is or�vill bc Iti�vfully scir.cd of thc cstatc cunvcycd by this ��''-
<br /> , Sccurity Instrument and hns t6ie right to irrevocaMy�rant, comey, and seil the Property lo Trustec, in trust, �vith �
<br /> � power of s�le.Grant�r alsn•�vs�rrants that the Propert}•is tmencumbered,+:xcept for encumbrnnces of reeord. --
<br /> ;� 7. PRIOR SE�UltTI'Y IIVTEYB�RTS.With rcgnrd�o an��othcr m�rtgage.,drrd c�f trusl,sccuriry agreemcnt or other licn �=�
<br /> - � {• document that created a p�ior security interest ar encumbrancc on the Aroperty,Graintor agrecs:
<br /> A. To makc all paymcut:;when duc:and to perfomi or comply with all mvcnants. ��
<br /> ;�t• B. To promptly deliver to Lender any notices that Grantor receiaes from thc holder. —
<br /> C. Not to allo�v any m�tditication or extcnsion of,nc�r to requcst any future advances ureder anp notc or agrcement �'"-
<br /> secured by the lien dc�cument without L,ender's prior writtcn consent. �-
<br /> �� R. CLAIhfS AGAINST TITLE. Grantor will pay aU tnxes,�ssessments, licns,encumbrancti:s,Iease payments,ground _-=
<br /> � r e n t s,u t i l i t i cs,a n d o�hcr char ges rclatin g tothc:Fro�e r ty w h e n d u c.l.e n d e r m ay r cq u i r e G ra n t o r t o p rov i d e t o I..c nder -_
<br /> ` capies of aU notices that such amounts are due and th$receipts evide�icing G►��^!o.*'��ayment.Grantor will defend
<br /> '�" � title eo the Property agninst any cluims that woulJ impair the licn of this Security lnstrument.Grantor agrees to assign —
<br /> � _ p, to Lcnder, as requested by L,ender,arny r.ghts,clairas or defensti:s Gian�or may have against partics who supply labor —
<br />" �., or matcritds to main�tain or improve the P'roperty.
<br /> " '��-�� � '' 9. LUE ON SALE OR CNCU141�RAN�C.Lender may,at its option,dcclare the entire balance nf thc Secured Debt to
<br /> :;.�!•�l;t;',, -
<br /> ;�';_�{�� be immediately due and payr�ble upon the crcation of,or contract!or thc creation of,any licn,cncumbrancc,transfer
<br /> • or salc of the Property.This right is subject to thc restrictions impased by fcderal latv(12 C.F.R.59l). as appl'scable.
<br /> .. Thls covec�ant shall run wit{� the Pro�erty and shall remnin in effect until the Secured Debt is paid in full and th8s
<br /> `_ Securitv lu►strumcnt is releiised.
<br /> _'� 10. PROPEItTY CONDITI�Idf,ALTERAT[ONS AND INSPGCTION.Grantor will keep the Property in goocl
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<br />_�. �, , condition and make all r��p�irs th;tt are reasonahly necessary. Gr.�ntor shall not commit or allu���any wastc,
<br /> �_,_ ., impairment,or deterioration of thc Property.Gr:�ntor will kcep tl�e Prop�e�riy frcc of noxious wecds and grasses.
<br />:,„ •�� Grantor agrecs that thc ntnure of the occupancy and usc will not substantially changc without Lcndcr's prior wrincn -
<br />'9ati..-. ..:.. �'' consent.Grantor will not�ncrenit any change in any lice:nse,restrictive covenant or easement �vithout Lender's prior
<br />�j��"�.;;;.,•.,,.,, , written consent.Grantor will n�tify Lender of all demandti,proccedings,claims,and actions against Grantor,and of
<br />=`�� _�•'� '' any loss or dumagc to the Yrc�peny.
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<br />���,:.��"` � i.cnder or Lender's agents may, at [...:ndcr's optiiin,entcr the Properry at nny rcasonablc time for the purposc of -
<br /> _ �t�'w'�'` ins ectin thc Pro ert Lender shnll �n� Gra�tor noticc at the timc of or beforc an ins cction s ccif �n a
<br />�-���Y;,;r.�s • P P P Y• b�" P P Y� �' --
<br />��:''`".' � '�� rcasonable purpose for tha inspection, Any inspettion of the Property shall be entirely for [.e�der's benefit anr]
<br /> �' {r Grantor�vill in no wa rel on Lcndcr's ins ection.
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<br /> ��,;'� } Il. AUTHORITY TO PENFOQiMI. If Granior taiis to prrforr� any duty or any ot'the covrnants contained in this �_
<br /> ��"��'`" -�°� ', ' Sccurity Instrument,Lendcr may,without noticc,�:.�rfurm or cause them to�c performed.Cirantor a�points I.endcr
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<br /> - ��1�.a�:.:"� as attamey in fact to sign Grantor's naane or pay any amount ne�cssary for performancc.Lendcr's rigM to pertorm for =
<br /> °'u��F` �� Grantor shall not create an obli�±.stic�m to perfotm. and I_ender's failure to perform will not preclude Lender from '
<br /> '_�� J cxcrcising any ot Lc:ndcr's otlier riFhes undcr t hc law or this Ssrcurity Instrument.If any co�struction on the Property is �
<br />— -'"`x'`" `:- ` discontinued or not carr�ed on in a reasonahle manner, 1_endcr may take a11 steps necessury to protect Lender's �
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<br /> - security interest in the Praperty,including complete��n of the construction.
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<br />-� ,���•' Il3. flSSIGNMENTOI'LCA4IFS AN�RGNTS. Grantut irrevocably gran�s,m�vcys and sells to Trustce, in irust for the �:.�
<br /> '"'''�' bcne�i of L,cndcr,as additusn.il sccurity all ihc right,titic and inlcrest in u»J i������y auJ all cxisting or 9'uturc lcascs.
<br /> subleases, and any other written or verh�l agreements for thc use and occupancy of any portion oC the Property,
<br /> includin�any extensions,renewals,modiCcaiicros or substitutions of such agreements(all rcferred te�as°Leases")and ,
<br /> ° rents, issucs and profits (;tll refcrred to as°Ren:s"). Grantor will promptly providc Lendcr with tra�c and corrcct
<br /> --='�� 5 copies of all existing and futui�:[.cuses.Grantor r,;�y mllect,reccivc,cnjoy and usc the Rents so lon�as�rantor is not
<br /> _ �' `� �
<br /> �:.j.;,.,;'•• in default under the terms cf this Secariry Listrumeni.
<br /> , " Grantor acknowledges Ihal this assignmern is perfected upon the ncording of this Decd of Trust and that Lender is
<br /> � entiUcd to notify any of Ctranlnr's tcn�nts to makc payment of Rcnt� duc or to bccomc duc to I.cndcr. Howcver,
<br /> . C.cndcr agrecs that only ort tt�eltiult'�vill L�:nder notifp(',rantor and Grantor's tcnants and make dcmand that all fuwre
<br /> , •"- Rcnts be paid directly�to Lendcr. On recciving nnsice of default. Grantor wiU endorse and deliver to Lender any
<br /> paymcnt of Runts in Grantor's puucs.sion anci will reccivc any Rcnts in tru�t fc�r Lcndcr and will not comminglc thc
<br /> - - — ltcnts�cnh any othcr tunds. Any amuunts collcctcd�ti•ill hr applira ati providrd in this Sccurity Instrumcnt.Grantor -
<br /> , warrants that no defuuh existh under the Lcav�s ur any applicablc landlurd/tcnant law.Grantor��Iso agrres to maintain •
<br /> , �• �md reyuir�any tcnant to comply with thc tcrms uf the Lcascs;�nd;�pplirablc law.
<br /> 13. LEASEHOLDS;C(DND0111[NIWMS;P[.ANNE� UNIT DCVELOP111ENT�.Ciramor agrccs tc�comply with thc
<br /> ' provisions of any Icasc if this Scruriry Instrument is on a Ic.+schuld. If thc f'roocrty includr�a anit in a condominium
<br /> ur a planncd unit �evrbpmcnt. C,rxiuunvill Er��furm all c�f Grantor'.r dutics undcr thr co�•cnants,by-laws,or .
<br /> ' regulations uf the condoniinium ur pinnnedunit develupmcnt.
<br /> 14. UGFAUL7'.Grantur will hc in default if any party ohligat�d un thr ticrurrd Dcht fails to makc p�ymcnt whcn dur.
<br />— C;rantor will bc in defuult if a bn:ach occurs und�r thr trrnis oF this ticcurity Instrumcnt or any��thcr ducumcnt ,
<br /> (page 2 oi a)
<br /> " �+ey+e�uensn�m+s.u+e si OouO MN It•EW33).2�11 1'm'e REUT�A'E&[U9f
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