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<br /> Ii. All funi�c udvAnces irom I.�ndar tc�Qrantor or other fuwrc obligations of C,rantur to I..�:ndcr undcr�ny prumi�.wry
<br /> n�te,conU�3ct,guarenty,�r athur ovidonce ot dsbt executed by Gramor in favor of lander executed after ihiA
<br /> Se:curlty Insti�umESnt whnihe�or nnt•t111s Sec�irity Instrument is spc*cificallp.rufcrcnced.1[ murc Ihnn unc persrn�
<br /> signs thie Security Inst»amant,cach Cirnntnr a(tn��s thxt this Security Jnsttt�mnnt wlll secure all future udvancca and
<br /> [utum ol�llgutian� thnt nn� givcn to ar incutrc�i,hy eny onc cir more Grnntur.or any onc or murc Orantor und
<br /> otfturs.A11�fl�tum aA��anned and othcr tu�ur4 obligut[�ms are secured by�hix Sccurity Instrumunt evcn thuugh nll ur
<br /> pn�mn;�nnt yct tw nci��nnc:ed.A,I1 futurc advanccc und��thcr futurc obligetions ure sccurcd�is ii'mndc un th��ls�tc
<br /> of this Srcunity lnstrument.Nathing in Ihir Security Instrument xhall constitute a commitment tt�make�dditionxl
<br /> or tuture lunns or advancex in uny amUUnt.Any such cummitment must be agreed to in x sc:parate wriling.
<br /> C. All obllgaUcros(lrantar owes to l,ender,which er�ay luter arise,to thc cxtcnt nat prohibitccl by liiw,including,but
<br /> n�t Nmited to,Ilnblliticy fur uverdrati+relating ta any deposlt account agrecmcnt betwccn arantor and I.ender.
<br /> 1). All additi�nal eumH edvanced�nrl cxpcnces incurced by Lender tor insuring,prescrving or othcrwisc protecting
<br /> the Pro�x;rty end ite vUluv and uny other sums advanceci and axpenws i�curred by L.ender under the terms of
<br /> this Security Instr�umant,
<br /> 'I'his Security]nstrumnnt will�not•s�:cure any othnr dt:bt if�i.Rnder fnils tu givc�any Tequired notice nf tik right of rescissic►n.
<br /> 5. PAYMEN'I'9. (lr•nnton apn:cs thut all pa,ymontH undor tlta St�cured Debt will be paid when duc and in accordaacc
<br /> with tha t�srrnF of thR�Secured De6t and thia Srcurity.•In�tivmant,
<br /> 6. WARRANTY�F'�7'I'LE.Grantor warrants tltHt�Grantar is or will be lawfully sciud of the estste coaveyed by this
<br /> Security (nst�umnnt�and hes the right to irrevoca6ly grant,convey,and sell the Property to Trustee. in trusl.with
<br /> ppwar of•s�lu.C}rantnr also warrante thnt tha Arc3pr.r�y Is unencumbered,except for encumbrances of tecord.
<br /> 7. PRIOR 5�CUlUfY PiTERFS'I'S,With�regard to any other mortgage,deed of trust,security agreement or other licn
<br /> doctunant.thHt�Grcatud a priar secudt�•intarest or encumbrance on the Praperty,(irantor agrees:
<br /> A. 7 o makc all�peyrrtant�whcn duo nnd to perform ar comply with nll covenants.
<br /> B. To promptly•duliuorto Lender any notices that Grantor receives from the holder.
<br /> C. Nat to allbw.Any��nrrdification or extension of,nor to request any futurc advances under any note or agreement
<br /> securad�by��tl�o llen Jocument without Lender's prior written consent.
<br /> 8. CLA1111�a.Gr�TPi57 TITLE.Grantor wilt pay all taxes,assess�nents,liens,encumbrances,lease payments,ground
<br /> rents,utilitics,and other charges relating to the Property when due.I.endex may require Grantor to provide to Lender
<br /> copies of all notices that such amounts are due and the receipts evidencing Grantor's payment.Grantor will defend
<br /> ¢itte to the Property against any claims that would impair the lien of ihis Security Instrument.Grantor agrecs 10 sssign
<br /> 2o Lendcr,as requested by L.ender,any zights,claims or defenses Grantor may have against partks who supply labor
<br /> or matenals to maintein or improvc fh�x�roperiy.
<br /> 9. DUE ON SALE OR ENCUMBRAN�I�,Lcnder may,at its option,declare the entire balance of the Secured Debt tp
<br /> be immedintely due and payable upon the creation of,or contract for the crention of,any Gen,encumbrance,transfet
<br /> or sale of the Property. 'This right is subjcct to the restrictions imposed by fec�efal law(12 C.F.R.591).as applicable.
<br /> ^-' -� _�._v� • ..fiw:'":2�.:�:°.C.$�:lr��±nebr :�rq_id i�f��!! and thia
<br /> inib cuveuani si�uii �w� wiiia ii,c .,.,yc�iy a��w �m�.� �C,:.�:., i:,. .... ..
<br /> Security Instrument is re4eased.
<br /> 10, PROPER'I'Y CONDITION,ALTERATIONS AND iNSP�C'i'ION.Grantor will keep the Property�in goad
<br /> condition and make all repairs that are reasonubly necessflr�. Grantar "shall not commit or allow.any waete,
<br /> inipairment,or deterioration of the Property. Grantor wip keep�the Property free of noxious weeds and grasses:
<br /> Grarttor agrees that the nature of the occunancy And use wiU not substantiaUy chnnge without Lender's prioY written
<br /> consent.Grantor will not permit any chnnge in any license,restrictive covenant or easement without I:eniier's prior
<br /> written consent.Grrrntor will notify Lender of all demands,proctedings,clsims,and actions against Grantor,und of
<br /> any loss or damage to the Property.
<br /> L.ender or Lendcr's agents mey, et Lender's option,enter the Property at any reasonable tirne for thc purpose of
<br /> inspecting the Property.Lender shall give Craator notice at thE time of or before an inspection specifying a
<br /> reasonable purpose[or the inspection.Any inspection of the Property shall be entirely for I.ender's bez�efit and
<br /> Grantor will in no way rely on Lender's inspecdon.
<br /> 11. AUTHORTfY TO PE1tFORM.If Grantor fails to perform nny duty or any of the covenants wntained in this
<br /> Security Instrument,I.ender may,without notice,perfurm or cause them to be performed.Grantor appoints Lender
<br /> as attomey in fact to sign Grantor's name or pay any,amaunt necessary for perfonnance.l.cnder's ri�ht to perform for
<br /> Grantor shall not create an obligation to parform, and Lender's failure to perform will not preclude Lender from
<br /> excrcis6�g any of Lender's other rights under the law or this Security Instrumettt.If any construchon on the�roperty is
<br /> discontinued or not carried on in a reasonablo mannar,L.snder may take all steps necessary to protect Lender's
<br /> security Interest in the Property,including completion of the construction.
<br /> �2, ASSIGNMENT OF LEAS�5 AND REN'I'S.Grantor i�TCVOCably grants,conveys and sells to Trustee,in trust for the
<br /> benefit of I.cndcr,as additionnl security ull thc right,title and intcrest in anci to any and all existing or future leases,
<br /> sublcaxs,and any other written or verbal agree►ri�ents for thc use and oocupancy of any portion of the Property,
<br /> including any extensions,renewals,modifications or substitutions of such agreemeuts(all refened to as"Lea.scs")and
<br /> rents, issues and profits(ell referred to as"Rents").Grant�r will promptly provide Lender with true and correct
<br /> copies of all existing and tuture Leases.Grantor may collect,receive,en�oy and use the Rents so long as Grantor is not
<br /> in default under the terms of this Security Instrument.
<br /> Grantor acknowledges thet this assignment is perfected upon the recurdin�of this Deed of Trust anJ that Lcnder is
<br /> entitled to notify any of Orantor's tcnunts to make puyment of Rents due ar to becomc due to L.cndcr. However,
<br /> Lender agrces that only on dcfault will Lender notify Grantor and Grantur's tenants And make dcmend that sll tuture
<br /> Rents be paid directly to Lendei.On receiving notice of default.Cirantor will cndorse and deliver to L.ender any
<br /> payment of Rents in Grantor's posse.ssion and will rcccive any Renls in trust for I.,endcr and will not commingle the
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<br /> tCents witn any oiiici iunua. nur a�i��uuia wuc:eww ..��� w oNr........o r:'.%........... ...�-------,--------- ------
<br /> warrants that no default exists under tha Lesscs or any applirablo landlorci/tenant law.Gr:uuur nlso aRrees ta maintain
<br /> and requtre any tcnant to comply with thc terms of thc l.eas�:s and applie;ablc law.
<br /> 13. LEASEHULDS;CONDOMINIUMS;PLANNED UNIT DEVEI.OPMEM'S.Grantur ag��ces to comply with the
<br /> provisions of any leuse if this Security Instrument is on a leasr.huld.If thc Property includes s� w�lt in ii condominiu�n
<br /> or a plunned unit devcloprnent,Grantor will perform all of Gr�ntor's dutics undcr the covcnunts,by-laws, or
<br /> regult�tions of the condomm�um orplanned unit dcvelopment.
<br /> 14. DEFAULT.Grantor will be in default if any party ubligated on thc Secured Dcbt fails to makc pc�yment when due.
<br /> Grantor will bc in default it a brcach occurs under the tcnns of this Security Instrument or nny othor document
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