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<br /> " ' B. All futare advanc�s from Ixader tu Granwr ur�ther fuurr ublin.:tions of Grante�r tu l.ender und�r nm�promi,.un- � �
<br /> ' �. •o' ht executcd bc Gr:u►tur in (svur uf Lender rx�cut�J atter thiy �, . ' •
<br /> nutr,rnntract,guaranty,or othcr evidrnc� t de
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<br /> , : �, Serurity Instrument whethrr or not this Security� Ir�stniment i. sprcificall}• rcfrn;nced. U murr than unr p�ru�n � ;
<br /> ; � signs this Securit�Instrument,each Grantor agrecs that this Scrurity In�trument�cill securc:�II futun advamYy ard
<br /> . ' , future obli�ations that am gicen w ur incurrcd b�an}•une or morr Gramur,ur an�•urtr ar m��re Grantur antif
<br /> uthers.Ail futun advances and uther future ohlieatiun�xr�.ccur�d b}�thi�Serunn•In�trumrnt r�rn thuu�li:�ll��r • ,
<br /> • part may no4 yet he ad�anced All future a�ivanaw and uth�r futurr ubligation+arr,ccurrd:u if m�Sr un tttc datc•
<br /> � ` : � ��f this Srcuriri•(nsirument.Nothing in this Sr�vrity Imtnunent shall con,titutr a rummitment tu makr addiiiun:d E'
<br /> __ _ � ur Euture loans ur ad�ancc�s in any amount.Any sach cummitmrnt mu�t hr agr�c�i t�t in a�cparatr+�Titine.
<br /> ..� �. ' � C. Ap obligations Gra�t�r rn�•cs to Lertdcr.«�hich may latrr arisc,to th<<xt�nt not pruhibited hy la�,inciu�iing„hut � ,
<br /> not limited to,liabiliues for overdrafts retating to any depusit aa:uunt agrcrm�nt hetwrrn(irantur and(.rnaicr.
<br /> � D. All additional sums advanceJ and expenses incurrcd by[_cnder fur in.urinE.pr�ycn�ing ur i�thrnciu ptrutrcting � � -
<br /> < the Property atxi its value and any other+tims adcanced and exp�n_��h irtcurrrd b}'Ixnder onder thc terms ut '.E .
<br /> • �, this Sccurity lnstnunent . ' -� -
<br /> Thi�Security tnstnunent�cill not secure any other debt if Lendcr i:siU w��r an}�r�ymr�d natia�uf thc right of rrxi��icne. . .` .
<br /> � , � � ; 5. PAY1tEN'['5.Grantor agrcxs that all paymenu under the Srcurcd Dcbt aill t�r paid Hhcn due and in accordans¢ �` ` �
<br /> , . , . ' with the teraos of the Secured Debt and this Security Instrument.
<br /> " 6. WAI�RANTY OF TTI'LE.Grantor warrants that Grantor is ur«ill he la�ti�fully srizcd of the estatc cunvcyrd hy ihis �
<br /> ' � �° Security [nstrument and has the right to irre�•ocabty grant.con�•e}. and,eU the Propert�- to Trustrr.en tnut.u•ith ` . ���"
<br /> . -� ' power of sate.Grantor also warranu that the Property u unencumbered.except for encumbranc�.�s of record ' . - �
<br /> �?"`"`�`� � 7. PltItDR SECURYl1r Il�TI'EQtES'f5.With regard to any other mortga�e.decd of trust,security agrrement��r other lirn . �� :
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<br /> •� document th-at created a prior security imerest or encumhrance on the Property.Granwr agrres: „`?�'.
<br /> '�`�`t� - A. To makr aI1 a ents when due and ta erform or com t aith aA coecnants. . -
<br /> .;-�•,, P Ym P P S -
<br /> ' '?��,f:k•, '` B. To prdmptty deliver to Lender any noriccs that Grantor reccives from the h��lder. � • -. --
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<br /> „�:��;,_. �• C_ Not to aQow any modification or cxtension af.nor lo requt�st any future advences under any nut�or�grec:m.nt ; ., :,
<br />. •'���;r$t;<'"u.;.; secured by the Gen document without Lxnder's prior written cunxnt. : ;`�.���.• �
<br /> . �,:.y� ..�ti•�,, . _�.. . .:
<br /> . r a•�, .,:. 8. CL.�IMS AGAWST TITLE.Grantor wiU pay all taxes,auc+smcnts.licns.�acumbranc�s,lca.r payracnt�,y,r��u%1 ,. ., ; `
<br /> ' ��'="t�t'k�'`��;� renGs,utilities,and other char es relatin to the Pru crt NIICII I�UC.L.t(I(ICi IIIA'Tl• uirr Grantor w nn•ide tc�L.endar ' -�
<br /> ...;�ra, s;: :. g g P' Y y y P � y�-�;°.���.
<br /> .•�� � .�,� �`' copies of atl notices that such amounts are dur and thc rcerip�s evidencing Grantor's pnymrnt.Gsastor will d�frnd _ " �� '•}".`''
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<br /> _ �:,,•:,�� . title to the�roperty against any claims that would impair the li�n i�f thu Sccurity Instrumrnt.Grantoc ugrres to a.tisi� � -
<br /> '���`�5''" '• .` to L.ender,as reqaested by Lender,any rights,claims i�r d�lcntics Grantor may hacc again�t partics whu,upply� I:abai - `'':
<br /> ' '.��'•':�: or materialcto maintain or improvc the PropeRy. + � '
<br /> • . �'�:` 9. DUE�l�g.�Y.E OR ENCLT111BRANCE.I.cnder may,at its uptiun,Jcclare the entire balancc uf thu Sccurrd Deb:tu '��' ,"� `,�'
<br /> � ' �';, be imme+ii;��z�,due and payable upon the crcation uf,ur wntrac�for Ihe�-��atiun of,any lien,cncumhrance:,tran.�fer '.�.':'�'• '; ��;�
<br />� � , ' � r�r safr af iite Property.This right is subject to the r��trictiuns imposed by federal law(12 C.F.R.5yl),as applieat►Ie. . . �;-'•::
<br /> -'�`"'`''• � '3'his coven�nt shall run with thv Pru �rt and shall remain in cttect until the Secured Deht is pwid in full antil thi� •:;-t;
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<br /> ,��.'��;+'<< Secnrity Instruinent is reteased. •`L-
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<br /> - 'r��''''� 10. PROPERTY COND1110N.ALTERA'E'IONS AND INSPEf'�ON. Gr.�r<tor will kecp thu Pruperry in ga�ud � . �` �'-
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<br /> `���,.;i� . ' � condition and make all repairs that are reasc�nably necessary.Grantc>r!hall not commit or aUuw• ang wa�;te.. . , . °°;:,i'
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<br /> • -���.:.. impairment,or deterioration of the Property.Grantor will keep thr ProQertti Cn:e c�f nuxiuus��•erds i1RlI�1LSSCti. . ' �r_•
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<br /> •'�� �- Grantur agrees that the nature of thc uccupancy and utir«ill n�t.utxientiall��cL-�r.s�•vithout [Lndur',priur wriue� � �' ;=�:�
<br /> �.•',�;:%�;;';`� • 'F` conscnt.Grantor�viq not permit any change in any licenx,rc.trictivr a�venant ur easement a�ithout Lcndrr's priur = ' � "-
<br /> .'_,.:= • . written consent.Grantar wiil notify L.cndcr of all dcmands,pre�cc�ctinks,claims,and actions agAinst Grantar,asrJ nf . . `���T�-=
<br /> ' �, any loss or damage to the Property. ..- .
<br /> � , � Leader nr l.ender s agents may.at Lendcr's uption,enter the Propcny at any reasonablc limu fc�r the purpcne of . . �
<br /> '�• �, inspecting the Property. Lender shall givc Grantot notice at thc timc uf ur hefe�re an inr�pcctiun specifying a . � =
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<br /> :: ,�,q;,,;•��,, � +� reasonable purpase tor the impectiun. Any impection of thc Property shall hc rntircly [or•L.ender's braefie und • -.�:.
<br /> ,• .":F"�•;r,• : �•..;.{ Grantor will in no way nly on l.cndcr s inspcction. , , ' �
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<br />_� 11. AUTHORfTY TO PERFOltM11. I[ Grantor fails to p�rfurm any duty �►r any uf thc covcnnntK rontaincJ in this
<br /> � Security Instrument.Lender•may,without nuticr,perfurm or cauK them to hc performed.Gramur appoints L.cnder . � ,.
<br /> . • as attorney in fact to,ign Granwr'y namc or pay any amuunt neu.�sary for performancc.I.cndei b ri�ht tu prdurm fur =
<br /> , ' . Gramor shall not create an obligation w perform,and l.ertd�r ti failure to perform wiU not prurlude: Lunder from "����;;• .�
<br /> ' '� cxcrcising any of Lendci s vthcr rights undcr thc law nr this Scruri�y lntitrumcnt.If any c�nstructiamuo thc Pr��peny is :�;,':f�. .
<br /> , , discontinucd or not carricd�n in a rcasonablc manncr, Lendrr may takc.iU stcps nccc�.sary ta}�rut�rt Lcndcr's
<br /> . � ' , s s�curity iitterest in the Property.inciuding completicm of the cun,�ruction. • � �
<br /> .� lE. ASS1GNhiL�tVT OF LEASES AND REM'S.Grantor irr�wi�cably grants,cumcys.md scllti to Trusttic,in Irust fur thc ,' .
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<br /> • henefit of f.endcr,as additional sccurity all the right.title and interetit in and tc�any and all cxisting or fututc lcascs. �:�:,,}++�,� �.•
<br /> =i �ubleases,anJ any uthcr writtcn or vcrbal agrccnfcnts i��r thc u.a� and occupancy uf any puriic�n �d thr Prup;:rly. -:�;-• � �
<br />--:-�i . - •� . .: .,;�';F,4,li,��. . .
<br /> � including any extcnsions,renewals,mudi6cations nr tiubstitutions of such agrecments(all rcfcrred tu ati"➢.Lascs")�nd .r,:,�.�
<br /> ' ' i rents,issu��s and profits(all re(errrd tu as••Rents').C,rantar �viU promptly provide l.endrr with truc anJ correct •, .
<br /> .� " �, copies of all existing artd futurc l.ca���.(.;rantor may collcct.rccrivr.cnjuy anJ use thc Rcnt�tio Inng:�s Grantar is not ;;;� . :: .
<br /> in dcfault under the terms oi this Securi�y Instrument. .`.:•�� � . �
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<br /> � , �. � � Grantur acknowlcdges that this assignment is perfrctcd upun thc rccurdin�:ut thi.Urcd uf"I'ro�t and that l�:nder is : ? ��•� . ' � .
<br /> • ! cntitled to notify any of Gramar's tcnanis tu maAc paymrnt uf Rcnt�duc ur r�,hccumc due to l.�:nder. Hc►wcvcr, �'t'`�
<br /> 1�:ndcr agrccs that only on�lcfault will I.crtdcr n��tify Grantor and t:r:mtur'.trnan�+anJ makc dcmand that all iu:urc . •
<br /> . � Rcnts h�paid directly to Lcndcr. On recciving nuticc uf dcfaw:, (irantur will cndorse and dclivcr tu Lcnd��any �
<br /> � E payment of Rents in Grantvr s p�►�,u:�.tiiun and+vill receivc any Rrnt.in trust fur Li:ndcr and will not comr�ir.,lc thc � �
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<br /> . L Rents with any cithcr funds. Any antuunts cu0cctcd will hc ap�licd .�+pri�vidcd in thir Sccurity In�trumcnt.(ir:mtur
<br /> ; wanants that nci dct�ult cxists undrr thc I.�ax+ur any appliraMr landl��rd/tenant la�v.Gramor.�Iso agrrrs t��m:iintain ' �
<br /> � • � and reyuirc any icnant to compty with thc�crms of thc Ixa�cs and applirablr luw. � .
<br /> " • 13. LE:ASEHOLDS;CONDO,�+i1NlU:�1S:PLAtiUF:D UNIT DEVELOPMEM'S.(ittmlur ugrccti t���umply witih thc �
<br /> ' � provisi�ms of any Icasc if this 5ccurity ln.trumrnt i,un a IcatichnlJ. If Ih� 1'ruprfly inrludc+:�unit in.�cun�tcm�inium
<br /> � �. ur a planned unit dcvclopment.Gr;inlur wil{perform all��t(irantor'�Jwic� undcr Ihr c��vcnantg, hyJxc+.,ur �
<br /> �i��,. ... . regulatiuns uf thc cundominium ur planncd unit dcvcli�pmcnt. � .
<br /> � 1@. �EF/dULT.(irant��r��•ill he in d�fault if any party abl�g:�tcd��n the Se�urcd Ucl�t fail�I�r makc p:�yn:en! �vlt�n duc.
<br /> � (irantur aill hr in detault i(a breach�ucurs undcr�he term�;uf th��Srcuritc In.trumen� ��r:�ny uth�r J:•�ument
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