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<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary m�y, at �ts option, declare the entire balance of the
<br />Secured Debt to be immediately due and payable upon the preatioII of, transfer or sale of a11 or any part of the
<br />Property. This right is subject to the restrictions imposed by fede#al law (12 C.F.R. 591), as applicable. This
<br />covenant shall run with the Property and shall remain in effect until tlie Secured Debt is paid in full and this
<br />Security Instrument is released. '
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good
<br />condition and make all repairs that are reasonably necessary. Tr�stor; shall not commit or allow any waste,
<br />impairment, or deterioration of the Property. Trustor w�ill kee� the Property free of noxious weeds and
<br />grasses. Trustor agrees that the nature of the occupancy and use �will not substantially change without
<br />Beneficiary's prior written consent. Trustor will not permik any c�ang� in any license, restrictive covenant or
<br />easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands,
<br />proceedings, claims, and actions against Trustor, and of any loss oi dam$ge to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's o�tion, pnter,the Property at any reasonable time for
<br />the purpose of inspecting the Properiy. Beneficiary shall' give firustor notice at the time of or before an
<br />inspection specifying a reasonable purpose for the inspection. Any ins�ection of the Property shall be entirely
<br />for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection.
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<br />11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants contained in
<br />this Security Instrument, Beneficiary may, without notice, perfoim or cause them to be performed. Trustor
<br />appoints Beneficiary as attomey in fact to sign Trustor's name or'pay any amount necessary for performance.
<br />Beneficiary's right to perform for Trustor shall not create �u obligativ� to perform, and Beneficiary's failure
<br />to perform will not preclude Beneficiary from exercising any of i Ben�ficiary's other rights under the law or
<br />this Security Instrument. If any construction on the Property is discontinued or not canied on in a reasonable
<br />manner, Beneficiary may take all steps necessary to protect Beneficiary's security interest in the Property,
<br />including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor ine+Vocabl assigns, grants and conveys, to Trustee, in
<br />trust for the benefit of Beneficiary as additional security �11 the �right, title and interest in the following (all
<br />referred to as Progerty): existing or future leases, subleases, li�enses, guaranties and any other written or
<br />verbal agreements for the use and occupancy of the Prop�rty, including any extensions, renewals,
<br />modifications or replacements (a11 refened to as Leases); and� }'ents, issues and profits (all refened to as
<br />Rents). In the event any item listed as Leases or Rents is d'etermi�led td be personal property, this Assignment
<br />will also be regarded as a security agreement. Trustor wi1'1 pro�ptly !provide Beneficiary with copies of the
<br />Leases and will certify these Leases are true and conect copie�. Tt�e existing Leases will be provided on
<br />execution of the Assignment, and all future Leases and any other �nforwation with respect to these Leases will
<br />be provided immediately after they are executed. Trustor may c�ollect, receive, enjoy and use the Rents so
<br />long as Trustor is not in default.
<br />Upon default, Trustor will receive any Rents in trust for Beneficiary �nd will not commingle the Rents with
<br />any other funds. Trustor agrees that this Security Instrument is', immediately effective between Trustor and
<br />Beneficiary and effective as to third parties on the recording of tlus Assignment. As long as this Assignment
<br />is in effect, Trustor warrants and represents that no defaultl exists; und�r the Leases, and the parties subject to
<br />the Leases have not violated any applicable law on leases, liCenses and I�ndlords and tenants.
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<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DE�ELQPMENTS. Trustor agrees to comply
<br />with the provisions of any lease if this Security Instniment is on a leasehold. If the Property includes a unit in
<br />a condominium or a planned unit development, Trustolt will ' all of Trustor's duties under the
<br />covenants, by-laws, or regulations of the condominium or pl�nned wnit development.
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<br />14. DEFAULT. Trustor will be in default if any party obligated on t�ie Secured Debt fails to make payment when
<br />due. Trustor will be in default if a breach occurs under the ter;ns o� this Security Instrument or any other
<br />document executed for the purpose of creating, securing ot guaraprying the Secured Debt. A good faith belief
<br />by Beneficiary that Beneficiary at any time is insecure with resp;ect tp any person or endty obligated on the
<br />Secured Debt or that the prospect of any payment or the value of jthe Property is impaired shall also constitute
<br />an event of default.
<br />15. REMEDIES ON DEFAULT. In some instances, federa�� and s�ate Iaw will require Beneficiary to provide
<br />Trustor with notice of the right to cure or other notices and� y�stablish time schedules for foreclosure
<br />actions. Subject to these limitations, if any, Beneficiary may ackelerate the Secured Debt and foreclose this
<br />Security Instrument in a manner provided by law if Trustor is in default.
<br />At the option of Beneficiary, all or any part of the agreed fees, and charges, accrued interest and principal
<br />shall become immediately due and payable, after giving riotice req�uired by law, upon the occunence of a
<br />default or anytime thereafter. In addition, Beneficiary sh�il be�ntitled to all the remedies provided by law,
<br />the terms of the Secured Debt, this Security Instrument and' any' related documents, including without
<br />limitation, the power to sell the Property. �
<br />I RE-DT-NE 7/112017
<br />Security Insvument-Consumer-NE � VMP-C18bINE1 111071.00
<br />VMP� Bankera SystemsT� Paga 3 of 8
<br />Woltera Kluwer Rnencial Servicea OO 1994, 2017 �
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