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<br /> • t3. All futurc,idvanccs frum L�'ndcr tu Gra�rior or otlicr fugurc ohlig�►tiuns uf Gruntor to Li:ndrr undcr any promissory „ ..•.':, .
<br />, � . _ __ �wtc,cuntract,guar•rnty,or uthcr evidcncc of dcbt cxccutcd by Gruntar in favur uf l.cndcr cxecutrU aucr this ; ' `�.,,-:,.'�
<br /> Sccurity li�slrumcut whethcr or nol this Sccurity Instrumcnt is speci(ically rcfcrcnccd. If murc th�m onc pcnun ,� .. .
<br />. , � signs this Sccurity Instrumcnt,cuch Grantor agrccs thai this Sccurily Instrumcnt�ti�ill sccurc all futurc advnnces and _ .1.... :
<br /> futurc c�bligations thi�t arc given to or incur►•ed by any onc ur murc Gruntur,ur any unc ar morc: Granior and :�:;``•.��;
<br /> � � othcn.All[uturc advancr+end c�thcr futurc ohlig:�tions are sccund by this Sccurity Instrunu�nt cvcn thuugh all�r
<br /> . �+ •� pnrt may not yct be ndvanced.All tuture advances and ath�r luturc ahligatiuns urr sccurcd as if mude on ihc datc �
<br /> , • of this Security[nstrument.Notl►ing in this Security Instrumcnt shall constitute u cummitment to m��ke additions+l
<br /> ;;r t��- � •"�" ur tuwrc loans or advances in any amounl.Any suck�cornmitmcnt must bc agrcrd w in:�scparatc�v�iting.
<br /> :�;` � �" C. All obligations Grantor owes to Lender,�vhich may laterarise,ta the extent not prohibited by law,including,but
<br /> not limitcd Ro,liabilities for overdratts relating to any dcposit account agrcement hetwccn Grantor and Lcndcr. •.
<br /> p y g res�rvin or otherwisc rotectin ''�••'�t''-�'
<br /> � D. All additional sums ldvanced and ex enses incurred b Le�niler for insurin ,p � P E `•, �,�•ra:.;A;.
<br /> the Property and its value and any other sums advanced and expenses incurreJ by Lendcr undr:r the terms of � ;;;�;�,};,�`__
<br /> ��,T.._.�--
<br /> ' ' ' this Sccurity Instrument. =-���;�--
<br /> � This Security Instrument will not secure any other debt if Lenderlails to give any required notice of the right of rescission. ���"�=====
<br /> .. .: , ;�:�';;x�--
<br /> � � � 5. PAYM1fE1VT'S.Grantor agrecs that all payments under the Securcd Dcbt wiU bc paid when cluc and in accordance �,.;,,.__. __
<br /> ; �vith thc tcrms of the Securcd Debt and this Security Instrumen[. ..
<br /> ; � 6. WARRAI�1'I'1'OF TITLE.Grantor warrants that Grantor isor will be lawfully seized of the estate conveyed by this �';�r_ ��
<br /> � � Security Instrument and has the right to irrevocably grant,convey, and scll the Property to Trustee, in trust,with h.?,�;,::
<br /> po�ver of sale.Grantor also warrae�ts that the Property is unencumbered,execpt for encumhrances of record. ��;:�;�.,
<br /> �, � 7. PRIOR SECURI'TY 1NTERES'H5.W+th re�ard to any othermortgage,deed of trust,security agreement or other lien '=r"'-�=-
<br /> � document that created a prior security interest or encumbratnce on the Property,Grantor agmes: f�,�:`;:r---
<br /> A. To make all payments when due and to perform or comply with all covenants. ="'•�''"=�°--
<br /> ' ��. ..�.
<br /> � � � � B. To rom tl deliver to L.ender an notices that G rantor receives from the holder. ni4ti=:"--
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<br /> C. Not to allow any modification or cxtension of,nor to requiest any fubirc advanccs under any note or agreement �,_,:.,._..,.
<br /> � secured by the lien document without L.ender's prioe��vritten consent. �=-_=-
<br /> .�� 8. CLAIMS AGAWS'�TI'TLE.Grantor will pay all taxes,assessments,liens,encumbranccs, Icasc payments, ground °`-�
<br /> t� rents,utilities,and other charges relating to the Properly when duc.Lendcr may rcquire Grantor to provide to l.endcr �.�
<br /> copies of all noticcs that such amounts are due and the receipts evidencing Grantor's payment. Grantor will defend
<br /> ' � �_� title to thc Property against any claems that wauld impair thc lien of this Security Instrument.Cirantor agrees to assign
<br /> ,�� S� to I.t:nder,as requested by Lencier,any nghts,ciaims or tieienses urantc�r may i�avc agaiu�t pnitics wh�supFly 1a�r
<br /> or matcrials to maintain or improvc the Property.
<br /> 9. DUG�N SALE iDR CNCUMBRANCE.Lender may,at its option,dcciarc the cntire balancc of the Secured Debt to
<br /> '.' be immediatcly d�e and payable upon the creation of,or contract for the creation of,any lien,encureibrance,transfer
<br /> or s�zle of the Property.This right is subject to the restrictions imposed by federal law(12 C.F.R.591),as applicable.
<br /> This covenant shalt run with the Property and shall rcm�in in effect until thc Secured Debt is pnid in tull and ihis
<br /> . Security Instrument is relcased.
<br /> � 10. PROPERTY CONDITION,ALTERATI�NS AND INSPECTION.Grantor will kecp thc Property in good
<br /> •, ;,.. condition and make all repairs that are reasonably necessary. Grantar shall not commit or allow any wnste,
<br /> �� impairment, or deterioration of lhe Property.Geantor will keep the Property free ot noxious weeds and grasses. _._
<br /> _ '�. Grantor agrees that the nature of the occupancy and use will not substantially change without Lender's piinr written �,
<br />`1��'�;2ja.:.:_:_.' consent. Grantor will not permit any ch�►nge in any license,restrictive covenant or easement without Le:nder's prior
<br /> '�n'�• °•�� written consent.Grantor�vill notify Lender of all demands,proceedings,claims,and actions against Grantor,and of
<br /> �. ...�,- .., --
<br />.=r�•°�' any loss or dsmage to the Property.
<br /> �,''"�'' `�t� Lcnder or Lender's agents may, at Lendcr 5 aption,cnter the Property at any reasonable time for the purpose of
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<br />'-'``�' �'` ' inspecting thc Property. Lender shall give Grantor noticc at the time of or bcfore an inspection specifying a
<br /> ' reasonable pntpose for the inspection. Any inspection of ihe Property shall be entircly for Lender's benefit and
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<br /> �"�� Grantor will in no way rely on Lendci s inspection. --
<br />,.;;��� ��;�" -• 11. AUTHORITY'Il'O PERFOIrM. If Grantor fails tu perform any duty or any of thc covcnants contained in this
<br /> = -- -- Sticurity Instrument,L.endcr may,without notice,perform or cause thcm to be performed.Grantor appoints Lender _
<br /> ,"��*='�R�'��• as attorney in fact to sign Grantor's name or pay any amount necessary C�r performance.Lendcr's right to perform for __
<br /> ' -""`�`~ •"� Granror shall not create an obligation to perform,and Lender's• failure to perform will not preclude Lender from �
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<br /> ='.�:a"�"•�,;: cxcrcising any of L..cndcr's other rights undcr the law or this Secu�ity Instrumcnt.If any construction on the Property is
<br />—'��.•�c�`�� discontinued or not carried on in a reasonablc manner, Lendcr may take all steps necessury to protect Lender's _
<br /> � security interest in the Property,including completion of the construction. __
<br /> " � •i 12. ASSIGMMENT OF LEASES AND REIVTS.Grantor irrcvaably grants,convcys and sclls lo Trustcc.in trust for thc _ _
<br /> i.0" benefit of LendGr,as additional security all thc right,title and interest in anJ to any and all cxisting or future Icascs, _ __
<br />� subleases,and any othcr�vritten or verbal agrccmcnts for thc use and occup<�ncy of any portiun o[thc Propc:rty, -__��..v__
<br /> ' ' ��ii� including any extensions,rcne�vals,modifications or substitulions of such agrecments(all refcned to as"Lr.ases•")and 4�=�:'"£`-�
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<br /> rents,issucs and profits (all refcrred to as "Rents"). Granlor �vill pramptly providc Lcnder with true and corrcct =g,,�_,W.:-:=.
<br /> � r ' "' copics of all cxisting and future I eases.GranYor may coUcct.reccivc,enjoy and use thc Rcnts so long�is Grantor is not .''�'•:'�`":`_
<br /> : '�" en dcfault under the terms of this Security Instrument. ��r�.T;_�,
<br /> ' Grantor ackno�sledgcs Yhat this assignment is perfected upon the recordin�;of this Dccd of Trust and that Lender is :'",:v.��w
<br /> , `. �u.r.,
<br />- � ,i entitled to notify any of Grantor's tenants to makc paymcnt uf Rents due or to becomc duc to Lcndcr. i-lowevcr, ' •�•.•}:
<br /> --`�-�Y- Lcnder agrces that only on dcfault will Lendcr notity Grantor and Grantor's tcnants and makc demand that all tuturc 'i���";`
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<br />-`. " i� Rents be paid cliaeetly to Lender. On receiving notice of default. Grantor will endorsc and delivcr tc� l.ender any
<br /> _�_ .�.. k.
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<br /> t �`; paymcnt of Ncnts m c,rantor's posscss►on ana�vu�rcccivc any iccn�s in irusi ivr i.cnuct itnu�vm uin wuuumgw wa. z;-=.-- -
<br /> ! Rents with any othcr funds. Any smounts collected�vill be applied as provided in this Securiry Instrumcnt. Grjntor
<br /> �warrants that no dcfault exists under the Leases or any applicable landlord/tcnant I��w.Grantor also ugrces tu maintuin
<br /> � • and require any tenant to comply with the terms of the L.::ases and applicablc law. „
<br /> 13. LIEASGHOLDS; CONDOMINIUMS; PLANNED UNIT DF:VGLOPAICNI'S.Grantor a�rres tu cumply with th�
<br /> �- provisions c�f any Icase if this Secarity Instrument is on a Icaschold. I(the Properry includcs a unit in a condominium
<br /> � or a planncd unit dcvclopmcnt, Grantor �vill p�rform .ill of Granti�r's dutics undcr thc cmenants, by-l�nvs, ur
<br /> ' rc�ulations of thc condominium or plannrd unit dc:vclopmcnt. "
<br /> 14. DGFAULT.Granror will be in default if any party c�bligated un thc Srcured Deht fails tu make paymrnt when duc.
<br />_ Grantor�vill bc in default if a Nreach occurs undcr thc tcrms of thiti Srcurity lnstrumcnt or any uthcr document
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<br /> (pago 2 of 4)
<br />�i ;� C�J�g97 Bankors Systemx Int.Si Cloud.RIN 11�800.397•231p Fam RE•DT•NE W881 ,
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