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<br /> Ll.-.Srr_ .�d[.'11.'l.�.u.`.�_�i<�.••�,_nt �'�����....,.."'__ _
<br /> 98, �()4862
<br /> A. All futurc advances fmm I.ender to Grantor or othcr futurc obligations of Grantor�o I..cndcr undc,�nny pcamissory
<br /> notc,contract,guaranty,or othcr evidcncc of debt cxccutcd by Grantor in favor af I.endcrexecutcd aftcr Ihis
<br /> Sccurity Instrument whethcr or not this Security Instrument is specifir►Ily refcrcna:d. It morc /hun onc person
<br /> signs this S�:curity Instrument,cach Grantor ag�ces thut this�ccurity lnstrument will sccurc nll futurc advunces nnd
<br /> futurc oblign�ians that arc: given to or incuned by ;�ny onc ar morc Grantar,or Nny onc or more Grantor and
<br /> othere.All t'uturc advanccs:ind othcr fnturc obligati�ms�re sccured by this S�curity InstrumEn�even thougt►nll or
<br /> pxrt ntay nut yct lx:advam;c:d,Ali tuturc aJvanccs and othcr futurti obligations are sccurcd as if mndc on the datc
<br /> of this Security[nstrumcnt. Nothing in Ihis Sccurity Instrumcnt shall canstitutc a afmmitment to mnkc additionul
<br /> or futuro loans or advances in eny amaunt.Any such cammitment must bc agrccd to in a sc{+ara�c wriNng.
<br /> C. All obligntions Grantor owes to I.endr.r,wliich may latcr arise,to the exten�not prohibitrd by law,including,but
<br /> nc►t Ilmited to,liabilities t'or overdrafts relnting to uny deposit account agreement between Grantor and l.ender.
<br /> D. All additional sums advanced nnd expenses incurced by Lender for insuring,preserving or otherwise protecting
<br /> the Property and its valuc and any othcr sums advnnced und cxpenscs incurred by L,cndcr undcr thc tcrms of
<br /> this Securlty Jnstrument.
<br /> This Sccuriry lnstrument�viU not sccurc any othcr debt if I.eadcr fails to�ivc any requircd nalioe oE tilc Rght of rescission.
<br /> S. PAYMBN'I'S. Grantor ag�ees that aU puyixie�.zis w.�.clee tRre Seeured Dr.bt will be paid wken du.e a�.d irt aceorcla,.icc
<br /> with the terms af the Sccure�cE�ebt and this Secu�ity inslrr,nmcnt.
<br /> 6. WA�RRAlV7Y O�7'ITLE.Gra�tor warranls that Grant�r Fs or will be lawfully seized of tlee esiate conveyed bJ�this
<br /> Securi¢�r Instrument and has the right to irrevocably grz�r�c,wnvey,and sell the Property to'1'2as±�_e,in trust,with
<br /> puwer ui'sa➢�.�Fantor also waf�rauts tl�at lfia�'rcrperea�is aenrncumbered,except for encumbranees eisr.�rord.
<br /> 7. PRIUR SECURITY lN'1'EREST'S.With reg�cv1¢U t�ny c�2her mortgage,deed of trust,security agsci��,�r::nt or other lien
<br /> document that cr�atcd a prior secudty interc:st or encumbrancc on the Property,Grantor agrecs:
<br /> A. To make all payments when due and to perform or comply with all covenants.
<br /> B. To pramptly deliver to Lendcr any no�ices that Crantor receives from the holdcr.
<br /> C. Not to allow any modification or ext�acsion of,nor to request any future advances under anynote or agreement � �-
<br /> secured by tk�e lien document without A.ender's prior written consent. '•�•��
<br /> 8. CLAIMS AGAINST TTI1.E.f�n�ntor will pay all taxes, assessments, liens,cncambrances, Ieasc paymcnts,ground
<br /> rents,utilities,nnd other chaq�;es:��lating to the Property when due.L.ender may require Grantor to providc to L.ender
<br /> copies of all notices that such�rnounts are d���and the receipls evidencing Grantor's payment. Grantor will defend
<br /> title to the Property against any claims that would impair the lien of this Security Instrumcnt.Gr�mto.r agrees to assign
<br />_ tn T rr�rier,ac rec��uarted Hy�,ender;eny rinh�c,r�ai�nc�r�i�fPZcrc{is�ntnr m�;��y���;pw�r�ro:;,��„tiQ����lJ lBbOf
<br /> or materials to maintain or improve the Property. .
<br /> °. I)L'�ON SAI,E OR ENCU!!�l1�RANCE.Lender may,at its option,declare the entire balanc�of the Secured�3ebt.to ,,�:;�
<br /> be i�nmediately due and payah�lc upon the creatiun of,or contract for the creation of,any lien,encwtebrance,:t�.�ns.itu . ,
<br /> or sale of the Pcop�eriy.This right is subject to the restrictions imposed by federal law(12 C.F.R.S9�),as a�p7icab70. ' �
<br />. This covenant sf,uc�t.ia►n with tf�e Property and shall rem�in in effect uncil the Secured Debt is �•r.ict in ful and t{�is
<br /> Security Instrumer�r.6.;released.
<br />= 10. PROA'EjtTY CONDITION, A�.TERA'CIONS AND 7i�SPECTION. Grantor will keep the Property in good
<br /> cond'aQion and make all repaits tliat are reasonably necessary. Grantor shall not commit or allow any waste,
<br /> impaimnent,or deterioration of the Property. ('.rrantor will keep the Propeny frce of noxious wocds and grasses.
<br /> - Grantor agrces that the nature of thc occup�ncy and use will nut substantially change without C.en ter's prior written
<br /> ` consent.Grantor wiil not permit any chango in any license,restrictivc covenant or easement w4Qdau�t I.Gnder's prior
<br />? written conscnt.Grantor will notify Lender of all demands,proceedings,claims,and actions agaiast Grantor,and of
<br /> any loss or damagc to the Property.
<br /> I.encler or Lender's agents mny, at Lender's aption,cntcr the Property at any reasonable time for the purpose of
<br /> ins�ecting the Property.Lender shall give Grantor notice at the time of or before an inspection specifying a
<br /> reasonable purpose tor the inspection. Any inspection of thc Protx;rty shall be entirely for Lender's benefit and
<br /> Grantor will in no�vay rely on J.ender's inspection. ,
<br /> 11. AUTHORITY TO PERFORM. I[Grantor fails to perform uny duty or any of the covenants containcd in this ' �
<br /> Security Instrument,Lendcr may,without notice,perform or cause thcm to be performed.Grarytor appoints l.cnder
<br /> , as attomcy in fact to sign Grantor's namc or pay any amount neccssary for performance.Lender's right to perfomi for
<br /> Grantor shall nnt crcatc an obligation to perforn�, and Lender's failure to perform will not preclude Lender from
<br /> . exercising any of Lender's other rights under the law or this Security Instrument.[t any construcliun c>.n the Property is
<br /> discontinued or not carricd on in a reasonable manncr, Lender may take all steps necessary !o protect Lendcr's
<br /> sccu.iiity inten:st in the Property,including completion of the constructinn.
<br /> � 12. ��A55'1GNMEIVT OF LEASES�Q,ND RENTS.Grantor i�7ev��bly grants,convcys and sells to Trustee,in trust for the
<br /> , tacnefit of Lcndcr,as additionaf�ccurity all thc right,title and interest in and to any and all cxisting or futurc Ieases,
<br /> , se�bleases, and �n,y other wcitten or verbal agreements for the use and occupancy of any portion�f the Property,
<br /> a�cle��inb any er.,fe�nsians,rene��•als,mo.lifications or substitutians of such agreements(all rcfened to as"Lcases")and
<br /> rcc�ias,issues and pro6ts (all r.c•�eL-red to as "Rents"). Grantor will promptly provide Lender w iih true anc!conect
<br /> c��airs of all cxisting and futur,: 'L•.c:ascs.Gruntor may collect,reccive,enjoy and use the Rents so long as Grantor as u^�t
<br /> in default under thc terms uf this'.►c:cunty instrument.
<br /> Grantor acknowledges that this assignme�cr es perfected upon the rec�crrsling of this Decd of'I'rusc and that L.cndcr is
<br /> cntided to notify any of Grantor's tenants to make payment of Ren3s slue or to become duc to Lender.However,
<br /> Lender agrcr,s that only on default will Lcndcr notify Grantor and Grantor's tenants and make demand that a11 futurc
<br /> 1R�:r��,g bc paid dircctly to Lender. On recciving notice of dcfault. Grantor will endorse and deliver to I.e�der any
<br /> i�aNr�::1t of Rents in Granlor's uossession and will receive anv Rents in trutt fnr I.ender and will nnt rnmminaic�th�+
<br /> Rer��s with any other[unds. Any amounts callccted will be applied as provided in this Sectrrity instrument.Grantor
<br /> warrants that na�ckfault exists undcr th�[.�ses or any applicable landlord/tenant law.Grantor also agrecs to maintain
<br /> and reyuirc any renant to can�ly with tlze eerms of the Leatics and applicablc law.
<br /> 13. �.�ASEHOLDS;CONDONIlYOUMS; PLANNED UNIT DEVELOPMEN7'S.Grantor agrces to comply with thc
<br /> �rovisions uf any lease if this Security Instrument is un�leaschulJ.If thc Properiy includes a unit in a condocninium
<br /> or a planned s�nit devefopment, Grantor will pertorm �Il of Grantor's duties under the covenants, by-laws, or
<br /> rcgulations of the condominium or plane��d einit development.
<br /> 14. DEFAUL'f.Graiitor will bc in default ifi aa7y pany obligated on tl�e:iccurcd Dcbt fails to make payrncnt when duc.
<br /> Grantor will be in detault if a breach occurs under rhe tem�s o[ this Security Instrument or any other document
<br /> (�xye 2 oI�)
<br /> Ot9�6rY�enSyWms.lnc.5�Cbw.GMl�t-sOD,197.23�q FamRfi�OT�NE 6NW
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