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<br />�`�i�� B,All Nwre AdvAncea frorn Seneficlary to Truator or other future obligatlons of 'fruscor to Beneficiary under uny
<br />-��� pramisaory note,contrnet,��+uaity,or uther evfdence of debt cxecuted by Tcustar in favor of Benefic�ary executed
<br /> +• after this Securiry Irutrument whether or not this Securiry Instrument is e{►eciflcally referenccd. If mure than ane
<br /> ;��,;,� person ���TU th�� Security imtrument, each Tru�tor ngrees that [his Security Ina�nmunt will secure all future
<br />___,,..,,�� �dv�rtces and future obliQulom th�t aro glven to vr Incurred by any one or more Tru�tor,or:my one or nwro Trustor
<br /> �nd othera. All fluure�dv�nce�and other future oblig�tion��re secured b this 5ecurity Instmment even though all
<br /> ations ure secured as if made on tho date
<br /> ^.;:.>�f or gut may not yet tx wcivanccJ. All future advances nnd oiher future obl g �_
<br /> �'"�" of thie Security (nstzument. NothinQ In thi�Security lnstrumen[ ehall constitute u commitmeni w nwke addiGonal oc
<br /> _:y� future lo�n�or udvancn in any ri►wunt. Any such commitment muet tx agn�ed to in a sepuate wridng.
<br /> -_ — C.but not8lroit�edTtog�ll bllitia�fornoverd itshrel�ting io1eanyr�de}wsii haecouni agra�mcnbit�twecn Trustordiand �
<br /> ,:��_ Bcneficiary.
<br />{Yr' D.All�dditional sums dvanced and expemea incurred by BeneCicluy for inauring, preserving or otherwise pratcctin�g
<br />'�� the Propeny and its vdue�nd�ny other sums advanced and expenses incurred by &neficiary under tha cerms of th�s
<br /> �,,.�:;� Security Icuteument.
<br /> ='�'�5:�
<br /> �..,;_., This Secudty Instrument w��l not sxure u►Y oth�r debt if Beueficiuy falls to give any requlred natia of the right o
<br /> _._:�� cesclssion.
<br />-�'�� 5. PAYMENTS. Trustor agaes that ull payments uitder che Sec:ured Dcbt will bc paiJ whcn due and in accarda�ice with the
<br />-_-:.,�..��
<br />- [erm�of the Secured Debt�nd this Secunty nsuumonc.
<br />=-�;;,;� 6. yy�p[�'y pg 'I'TPL& ?n►stor warrmts that Trusror is or wifl be lawfully seeud of the estnte convcyed by this
<br /> -�Y�� Security Instrument and ha the right to irnvceably grant,convey,and setl tl�e Property to Tcustee,in [NSt, wich po�ver of
<br /> -- sale.Tcustor alw wam�nU�hae the Properry is unencumbered,except for encumbrances of record.
<br />_�---,,.a.��i�
<br /> � -= 7. PRIOR SECURITY IN7'ERESTS• Wuh regard to any o[her mort age,deM of tn�st, security ag.-eemcnt or other ien
<br /> �v� document that crea[ed a prior security interest or encumbrance on[he openy,
<br /> Trustor agrees:
<br /> �*+� A.To malce all paymenu when due and to perform ar camply with all covenants.
<br />:�,s�
<br /> - B.1'o promptly delivar io &neficlary my noticea that Trustor rcceivcs from the hol er.
<br />---- C'�xu° by We jiea do�cu�nt without�Beneficiary's prior wnttcn conysent�re advances under any note or agreement
<br />'_-°- . ��n�, wncumbtHf�Ce3.leas�e DaYrixnts.BTOIlI1d[CIII�,
<br /> — _ S. CLAIIViS AGAIT�TST'CI71.E,Trusto[wul pay ei��Wh�due.��&aeficiary mty uin Trustor [o prov�ae ro na�e�l���►y
<br /> -���� utilides, and odur c1�ar8a��u�g�O��P10P��'���,,�i ts evidencin Truato�r a p�yment.Tcustor wili defend title to
<br /> --- ooples of all aotices thst auch unounta ue due P 8 gn
<br /> --- .�. pm -!i?' against anY clalms that would icnp�fr l�ru�ar Q f�,'��tr sn_ay�hAVe ag�ainst partie�a�suPP Y1�box
<br /> _ Benefic�uy.as requestodby Beueticiuy.anY nBh
<br /> — or maten'als to munt�in ortrnprc�ve the Propecty•
<br /> --, 9. DUE ON S�ALE OR E�N�v�$�n he�reaiion of,orycontrtxtfar the c�reation of��any i�n. encumbrance. t�ransier ur
<br /> - — ,�.:...,N.,�}...-=, --- . ��.. �a_••� ��w�t2 C.F.R. S91),w applicable. This�
<br /> sala of the PropertY•Y'hi�iight is subject to the res�nccians im�,�a,�� •w�•W -- '•••
<br /> wvestac�►t ahall tun wtth tho Property and shall remain in effect unnl the Secured IDebt is pud in tuu ww uu� :�:u��►r_
<br /> instrument is releasod.
<br /> L0. ���1CONDI�����bl y�necessary.IITruproC sh�alNnotNCOmmit�oraallowcany wasYen��t�jor
<br /> �n of����p�y u�d use will not�substantiallypch�gc without Be efici aWry's�pnor�wBr ten oonsenc TrSust�or w�'►1�noi
<br /> permit eay ch�nge in any liunse,restrictive n S��im� a�nd�actiona agaiast Trucsro,Saa�d nf anY loss or dam ge coWhe
<br /> aotify Beneficfary of all demu�ds, proceed� 8 .
<br /> Pcopecry.
<br /> Benat'iciary orBeneficiary's°�eneficiaY� sha<�ei e Trustortino'tice ai tthhetim�e of otr befo�anb�timeon s�peec�uin8 a
<br /> of inspxtmg the PropenY- �Y 8
<br /> trasonable purpose for the ins�pectfon. Any, iaspection of the Property shall be entirely for Beue uiuy's bene u and
<br /> Trustar wilf in no way nly on Heneficiary's mspectian•
<br /> 11. AZTTEiOR1TY TO PERFORII�I. If Tcustor fails�,oim ornc use them to be�rtorn�d.Tcustor a�potfn 18enefic�ary�aYs
<br /> Instrument, &neflciary may� without notia, pe
<br /> attorney in f�ct to sign Tnistur s aame or pay any amount necessuy for per om�ana• Benefici�y► s nght roperfom►for
<br /> - _� � Tcustor shall nof&neficl ��s o hez nghcs under the lawnor thisy3aurity Instaimcn�If�any co�traclonBon thelPcopecty
<br /> �xercisiag any azY'
<br /> - is discon[inued or not curied on in a reason�ble marmer,B�neficiary may take aq steps necessary to protcet Benefictary s
<br /> --_.,_= security interest in the Propert3►.includieg completion of the constcuction.
<br />-----__ 12. ��t of�Bene�fic�iarYLuA�ition�sceurity�all thesright�tide anld int�erest in snd to y aad•ull dxisting�or future l�eases,
<br /> _.:=';�^�.;:,� suble�ses,and su►Y othor wntt�n or verbsl agroeq►ents for the use and occupu�cy of any �onion of the Property.incladin8
<br /> s
<br /> _�,.�:- ' any eatensioa+ renew►al�� tnodiflcation�or substttutiona at such agroements(all c�fcrroc to as'1.eases") and rena� is.gua
<br />.�=� , , and profits (�1� referred to es 'Rents'). Trustot wili promptly provide Bateficiary with mio and correct copi�s of atl
<br />_��:� existing and future I.aases. Trusror may collect.receive,enjoy and usa th� Rents so long ns Tru�ror is not in default under
<br />:r{,,- ,,j_.�,;. the tecros of this Securiry Instrument.
<br />-_+3=#�r:". However
<br />.,r�.;,i?�� Tcustor acknowl�dges ihat this assignment is perfected upon the recording of this Dec:c!of TNSt and that &neficiary ts
<br /> :�:V?€�E;; entitlai to notify any of Tn�stor's tenan[s ro make paymenc of Rencs due or ca become due w &neficiary.
<br /> �•��'� &neficiary agrees that only on default wi11 Beneficiary nonfy Tmstor and Trus�or's tenan[s uid make demand that al�
<br /> `.�,` .
<br /> futun Rents be paid dircetly co Boueficiary.On rxeiving nonca of default.Trustor will endorse and deliver to Beneficiary
<br /> �d''• an a ment of Rents in Tcustor's possesslon and will receive any Rdnts in trust for Beneficiary and will not comminB��
<br /> -� . �?�:_-J- ..Y�Y� ...:.ti ..,., ..*w� �,nds. Anv amounts colltcted will be applicd xs providod i�this�Sxuriey Instru�ni���
<br /> �.�7 ll1G [�vuw ...• -- -' •�...w......��_y___" '.
<br /> ��, 1_ �.'�{ warrants thit no�efault��eists under the I.eases or any appt�cauie�iu'�u�',�:1e:ti±�m��•�••• •
<br /> rec{uire any tenant to comply with the ccrcns u`�iw:�.s a�'�w�rr�•-�-•-•--
<br /> -- • � ,� �,
<br /> _ ,;;-,1` 13. LEASEHOLDS; CONDOA'�1NIUMS• PLANNED UN1T DEVELOPMENT5. '�custor agrees,to rnmply,with e
<br />_<' .. �, pmvisiona of any lease if this Security�Instnunent ts on a leasehold, If the Propercy includes a unit m a condominium or a
<br /> � . � co�ndnminnum or p1�tu t developmeni�orm all of Trustor's duties undcr the covenants,by-laws,or rcgulations of the
<br /> `.•� Ipage 2 0/41
<br /> �.
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