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<br /> Instrument whether or not this Security Insttum.ent le speclCisally referenced, or such i'uture advac►ces oc future
<br /> oUligations are incurrcd for nny pur.pose that wes rel�ted�r unrclated to the purpase of the Security Instrumtnt.I[
<br /> mote th�n vne peraon nfgns thia Securiry Inatrument, each Mortgagor ugcces that tlsis Scc��rlty Instniment wlll
<br /> secure dl fitture �dvanas and future obllg�tlons that are glven to or incurred by any one Qr mare Mvtt��gor,or
<br /> any one or more MhrtgaRor and othere. All futute ad�ances and other future obligatiun� are sea�red by thl� -
<br /> Security Instmm�nt even though all or �art may not yet be advanced. Alt future ndvances a�id otlier �ucuro �-
<br /> obilgations are secured�+if mado nn tht date of tlils Security In�trument. Nothing in th�i�Securlty Instcument ahdl
<br /> constttute a carnmitment to make addttional ot future loane or a�ivances in any amount.Any such wmmttment rnust
<br /> be egrad to in a iscparttc writing.
<br /> C. All obllgatione Mo�tgagor owes to i.ender,which n�w eai�t or may later arise,to the eatent nat prohibited by law,
<br /> including.but not limited to,liabl8tiec for overQraQs relating to any deposit account agreement bctwecn Mortgagor
<br /> and L.ender.
<br /> D. All addittonal suma advanced and expensea incurred by Lender for insurina, pceserving or otherwise protecting u�e
<br /> Properry and its value and any other sums edvanced and expensea incurred by Lendcr undar thc terms of this
<br /> Securlty Instmnlent.
<br /> 'This Security[nsttutnent will not secure u►y other debt rf Lender faila to gtve any requircd notice of the right of resciaslon.
<br /> S, I'AYMENTS,Mortgagor agras that all payments uad�t the Secured Debt wlll be paid when due and fn accordance wiltc
<br /> •rht terms of 0.Z►e Secured Dabt and this Secutlty Insttument. -
<br /> 6� WARRMITY OF TI�'LE. Mortgagor wnrrmta th�t Mortgagor ls or wlll bo lawi4illy seLzcd of the e�tatc conveyed by Ihls
<br /> Security Inatrument and has thc rigl�t to gruit, bnrgaln. convey, sell, mortgage aad warrant thc Properry. Mortgagor tlaa
<br /> wurance Wat the Pmperty ia unencumbered.wccept for encumbrancea of recotd.
<br /> 7, PRIOR SECiJRTTY INTL�RES'I'9. With regard to auy other mortgaRe, deed of tcuat, security agreement or other lien
<br /> dceument that croated a priar eecurity interest or encumbrana on rlie Propecty,Mortgagor agrces:
<br /> A. To make all paymenta when due u�d to perfotm or comply with all covenants.
<br /> $. To promptly daliver to I.ender any nottces that Mongagor rtceives from the t►older.
<br /> C. Not to allow any modi[icatlon or extaiaion of. nor to rcquest any fiituce advances,undnr any note or sgreameat
<br /> secured by tho Iien document wlthout Leader's prtor written conaent.
<br /> �------ �---- ..M.M_.... �...,���a
<br /> P. CI.AIM3 AGAWST TITLE.Mortgagor wtll pay ali taxes, ussessmenie, Iieus, wicuiiiu�au.w. .��•.�••�W�•••�. e.�-.--
<br /> centa,utllitla�,and other chazges relating to the Pmperty when dua. Lender may requirt Mortgagot to provide to I.�nder
<br /> coptes of all notices that such amounts are due and tho recelpta ovidencing Martgagor's payment. Mortgagor will defrnd
<br /> title to the Ptoperty agalnst any claimx that would impair the lien of this Securlty Inatn�rnent. Mortgagar agrees to aailgn
<br /> to i.ender,as requested by Lender,any rtghts, claims or defenses Mortgagor may have against pactlos who aupply labor or
<br /> materiale to maintain or improvo the Yroperty.
<br /> �9. DUE ON SAI.E OR ENCiIMBItANCE. Lender m�y�at lta optloa,d�ctara the entin balaace of the Sacured Debt to be
<br /> immedi�tely due and payable upon the creation of,or wntroct for the cration of. any lien,encumbrance, �r�sfble.r7his
<br /> of the Pro�orty. 'Thl� dght ta aubJect to tho resMctions imposed by federal law (12 C.F.R. 541), ay app
<br /> coven�nt shall run with the Property and shall remain in effect untll the Securod Debt 3s paid [n�ula and chis Se�urity
<br /> Inatru�mnt is nleaaed.
<br /> 10.TRANSFER OF AN INTEREST IN'I'�MOATGAGOR. If Mongagor is an entiry oth�r than a natural person (such
<br /> ee a cocporation or othcr organlzation),i.�ndcr may demand immediate payment if:
<br /> A. A benefictal intonat in Mortgugor ia sold or tran�ferred.
<br /> B. There ia a ch�nge in elther the idonttt�oa number of inenibors of a partnership or sin�i9ar entity.
<br /> C. There is a change in ownership of more then ZS perceat of the votiag stak of a carporation or simila entity.
<br /> _ FIowever,Lender mey not demaad payment in the above sltuations if it is prohlbited by law as of the date of thia S�curity
<br /> Inatrument.
<br /> 11.EN'1TI'Y WARRANI'IFS AND REPRF-SENTATIONS.If Mortgagor ls an enttty other than a natural peson(auch u a
<br /> eotporatlon or other orgu►izatlon),Mortgagor m�lcea to Lendcr the following warrantiea u�d represent�tions which shall
<br /> contInue as lon�as the Secured Debt nmains outstau►ding:
<br /> A. Mortg��or!s duly orgmized and validly exieting in Mortgagor's atata of incorporat[on or organixat{on.Mortg+gur
<br /> ie in good ttu►ding in�il atatea in which Mortgagor tranaacts busincs;�.Mortgaqar ha�the powar and authority to
<br /> own tha Property and to cury on its busincss as now being conducted and,�s applicable, is qu�lified to do a in
<br /> each�tatc in whlch Mortgagor opct�tw.
<br /> B. The exxuUon, delivery iu�d pedormance of thia Security instnunent by Mortgagor and the obligadons evideac�d
<br /> by the 5xured Debt ue wlthin tho power of Mottgagor, have been duly authoriud, havc r�ceived�ll noceuary
<br /> Sovemraenttl appmvtl,and will not vlolate eny provision of taw,or ordet of court or governmental egency.
<br /> G. Other than prevtously discloscd in writing to Lender, Mortgagor 6as not changed its nmr►e within the last ten years
<br /> and has not useci any other tr�de or fictitious name. Withuut L.endvr's prior written conaent, Mortgagor does not
<br /> and will not use any ather name and will preservo its existing name, trade names utd franchises until the Secured
<br /> - Debt fs aatisfied.
<br /> 12.i'ROPEItTY CUNDTTION,ALTERATION3 AND INSPECTION.Mortgagor wi11 keep thc Property in good condition _
<br /> and m�ice dl rcp�lrs that are rcasombly necsssary. Mortgagor shall not commit or altow any wastc, impairmenl, or =
<br /> ��....t.....�i......r�t..D�.,...sw t�tnrrnmanr wi11 knrn thr�Pmnertv frtx of no7doUd WEEdS 3�d�fbSSCS. Mortgagor agreea that
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<br /> ; the naturo uf tl�o occupaney and uae will not substantlally crango withont Lender's privr wcitten consent. Moctgagor wiil
<br /> � not permtt any chengo in any Iicense,restricNve covenent or easement without Lcnder's prior written consent. Murtg�gor
<br /> _; wlll notify Lend�r�f a11 demands,proceedings, clafrns, and actlons against Mortgagor.and of any loss or damage lo the _
<br /> - Property.
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<br /> _� No �rortlon uf the properry will be romoved, dcmolished ur matedally attercd without L.cnder's prinr written consent _
<br /> -- oxcept that Mortgagor has thc right to remove items of personal property comprising a part of ttie Property that baome
<br />-�' wum or obaolete,provldcd that such personui property is rcplaced with other personal property at least equal in valuc to _
<br />:.�� Ihe repl�ced peraonal property. free fr�m a�iy titlo retention device, security agreement or otlier encumbrance.Such _
<br /> �cplrcement ot persunal property will be dcemed subject to the sccurity interest crcatcd by this Sxurity instrument.
<br /> =_ Mongagar ehall not partition or subdlvlda tha Property without Lcndcr's prtor wriucn consent.
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