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<br /> D, All futur�advanccs from I.cndcr tu Grantur ur othcr fiUurc ubligutions of Grainur t�i LAndcr u��Jcr uny prumissory
<br /> natc,contrnci,gutuunty,ar�thcr cvidcncc of dcht��xccutcd l�y Grantor in [avor of I.�:ndcr cxccutcd idtcr this
<br /> Security Inslrument whcthcr ar not this Sccurity Instrumcnt is spcciCcnity rcfcrcnccd. if murc ihan unu Ex:rson
<br /> signs this Sccurity Instrument,cach Grnntor ngrcrs thut Ihis Sccurity Instrumcnt will sccurc all[uturc adv�►nccs nnd
<br /> fulurc obligations tliut nrc given to or incurred hy nny onc or morc Gri�ntor,ur any unc ur morc Gr:mtor und
<br /> othcr�.All futurc advanccs and othcr f'uwrc obligatians nre sccurcd by this Security Instrumcnt cvcn tl�ough uU or
<br /> part may not yct I3:;advanc�;d,All [uturc adv�nccs and other futurc abligations are sccured as if ntadc on thc datc -
<br /> of this Sccurity Instrumcnt.Nothing in this Security Instrument shiiU constitutc n commitmcnt tu mukc adctiliunnl
<br /> or futurc loans or advanccs in any amoun�.Any such co�nmitment must bt:agrccd to in n scparntc writing.
<br /> C. All obligations Grantor owes to L,ender,whictt may later�risc,to the extent nat prohiUited by Inw,including,but
<br /> not limited to.liabilitics for avcrdrlfts rclnting to any deposit account ugrccmcnt t�etwcen Grantor�nd I.encier.
<br /> D. All additional sums ndvnnced nnd expenses incurrcd by Lr.ndcr for insuring,praserving ar otherw�sc protecting
<br /> the Property and its value and a�y other sums advanced and expenses incurred Uy Lender utider the terms of
<br /> this Security Instrument.
<br /> This Sccu�ity Instrument will not se:cure any other debt if Lender fails to givc any required noticc of thu right uf rexission.
<br /> 5. PAYMENTS.Grantor agrces thAt all payments under thc Secured Debt will be paid when due and in accordance
<br /> with the terms of the Sccured Debt and this Security Instrument.
<br /> 6. WARItA1yTY OF TITLE.Grantor warrants that Grantor is or will be lawfully selzed of the cstnte convcyed by this
<br /> Security Instrument and has the right to irrevocably arant,convey, And sell the Property to Trustce� in trust, with
<br /> po�:�er of sale.Grantor also wanants that the Prop�rty is unencumbered,except for encumbrances of rece�rd.
<br /> 7. PRIOR SECUR�TY INTERESTS.With regard to any othcr mortgage,dced of trust,security agreeme�t or other lien
<br /> document that created a prior sccurity interest or encumbrance on the Property,Grantor agrees:
<br /> A. To make all payments when d�ae and to perform or comply with all covenants.
<br /> B. To promptly deliv�r to Lcnder any natices that Grantor receives from the holdcr.
<br /> C. Not to Allow any moditication or extension of.nor to request any futurc advances under any notc or agreement
<br /> secured by the Gen document without Lc:ndcr's prior written consent.
<br /> 8. CLAIMS AGAINST TITLE.Grantor wip pay all taxes,assessments,liens, encumbrances, lease pnyments,ground
<br /> rents,utilities,and other charges relating to the Property when due.Lender may require Grantor to provide to l.ender
<br /> copies af all notices that such amounts are due nnd the receipts evidencing Grantor's payment.Cirantor will defend
<br /> title to the Property�g�inst any claims that would impair the lien of this Security Instrument.Grantar agrees to assign
<br /> to Lender,as requested bv Lcnder,uny rights.claims or defenses Grantor may have aRainst partics who supnlY labor
<br /> or matcrials to maintuln or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.l.cnder may,at its aption,declare the entire bal:�nce of the Secured Debt to
<br /> be immediately due and payable upon the crcat+on of,or contrnct for the crcation of,any lien.encumbrance,transfer
<br /> or sale of the Praperty.Th1s right is subject to the restrictions 3mposed by fedcral lnw(12 C.F.R.S91), as applicable.
<br /> This covennnt shall rua with the Property and shall remain in effect until the Secured Debt is paid in fi►11 and this
<br /> Security Instcument is rele�sed.
<br /> 10. PROPERTY CONDITION,ALTCRATIONS AND INSPECTTON. Grantor will kcep thc Property in good
<br /> candition and make all repairs that are rcasonably necessary. Grantor shall not commii or aUow any waste,
<br /> impairment,or deterioration of thc Property. Grantor will keep the Property frce of noxious wecds and grasses.
<br /> Grantor agrees that thc nature of the occupancy znd use will not substantially change without Lender's prior written
<br /> consent.Grantor will not permit any chAnge in any licensc,restrictivc covenr�nt or c�ssement without L.ender's prior
<br /> written consent. Grantor will notify Lendcr of all den�ands,proce;cdings,claims,and actions against Grantor,and of
<br /> any loss or damage to the Pruperty.
<br /> L.ender or Lender's agents may, at I.endcr's option,enter the Property at any reasonable time for the Nurposc of
<br /> inspectin�the Property. Lender shall give Grantor notice at the time of or before an inspection specifying a
<br /> reasonable purpose for the inspection. Any inspection of the Property shAl!bc entircly for Lender's benefit and
<br /> Grantor will in no way rcly on Lcnder's inspection.
<br /> 11. AUTHORITY TO PERFORM. If Grantor fails to perform any duty or any of thc covenants containcd in this
<br /> Security Instrument. Lender rnay.without notice,perform or cause them to bc performcd.Grantar�ppaints Lender
<br /> as attomey in fact to sig��Grantor's name or pay any amount necessary for performance.Lender's rigl�t to pertorm for
<br /> Grantor shaU not create an obl�gation to perform,and Lender's fuilure to perform will not preclude I.ender from
<br /> exercising any of I.cnder's othcr rights under the la�v or this Security Instrument.If any constructinn on thc Property is
<br /> discontinued ur not c�inied on in � reasonable manner,L,ender may take all steps necessary to protect Lender's
<br /> security interest in the Pruperty,ifuluding completion ot the construction.
<br /> 1Z. ASSIGNMENI OF LEASES AND RENCS.Grantor incvocably grants,conveys and sclls tu Trustee,in trust for tlic
<br /> bcncfit of I..endcr,as addition�l sccurity all the right,titic and intcrest in and to any and all existing or fuwre Ieases.
<br /> sublcases,and any othcr writtcn or vcrbal agrecmcnts for the use and occupancy of any portion of the Property,
<br /> including any ext�nsions,renewals,modifications or substitutions of such agreements(all referred to as••Leases")and
<br /> rents, issues and pro�ts (all referrcd to as"I2ent.s"). Grantor will promptly pruvidc Lcnder with truc nnd conect
<br /> copies of a11 existing and future I.eases.Grantor may collect,receivc,enjoy and use the Rents so Iong ns Crantor is not
<br /> in default undcr thc terms of this Security Instrument.
<br /> Grantor ucknowlcdgcs that this assignment is perfcctcd upon the recording of this Deed of Trust and that I..cndGr is
<br /> entitled ro notify any of Gr�ntor's tcnants tv makc paymcrrt of Rcnts due or to become due ro Lender. However,
<br /> L.ender agrces that oniy on default will Lender notify Grantor and Grantor's•tenants and makc dcmand that:ill futurc
<br /> Rents bc paid d'erectly to Lender. On rcceiving notice of dcfault, Grantor will cndorsc and dcliver to Lc;nder any
<br /> payment of Rents in Grantor's possession and will reccive anv Rents in trast fur Lender and will not comminelc thc
<br /> Rents with any other funds. Any amounts collected will be applied as providcd in this Security Instrumcnt. Grantor
<br /> w�rranls that no default exists u�ider the Leascs or�ny applicablc landlord/tcnant law,Grantor.�Iso agrecs to m.iintain
<br /> and require iiny tenant to comply with the terms of the Leases and applicable la�v.
<br /> 13. LEASEHOLDS;CONUOMINI[;MS;PLANNED Ule11T DEV�LOPMLN'I'S.Grantor agrces to cumply with thc
<br /> provisions of any Icasc if this Sccurity Instrumcnt is on a Icasuhuld. If U�c Pruperty ineludcs.i uni� in a condnminium -
<br /> or t� planncd unit development, Grontor will perfcnm all of Gr�ntor'ti dutirs undcr thc ce�vcnants, hy-laws, or :
<br /> rcgulations of thc conduminium or pinnned unit devclopmcnt.
<br /> 14. DENAULT.Gr.�ntor will be in deft�ult i(.my pnrty obligatcil on thc Sccurcd Drbl fails w m�eke p��ymcnt whcn duc. -
<br /> Grantor will bc in dctault if a brcnch occun undcr thc tcrms of tliis Scrurity Instrumcnt or any��thcr dcxumrnt -
<br /> (page 2 of 1) .• _
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