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<br /> I3. All futurc udvnnccy Qraiu LA:n�lcr lu(3rnni��r ux ud►a:r futurc ahliK��dunv of t irnntur to I xnacr un�lcr nny prumissury
<br /> natc,cutttract,gunrxnty,or uthcr cvid�ncc a�(J�:l�►cxccutcd by(lra+ntar I��fuvur uf I�:ndcr cxccutcd i+ftcr this
<br /> 5ccurity Insirumcnt whctZ�cr nr ni�t �hly kci+iiry Inslnnncn� is n�kcificnlly rcfcrcnce�l. If mura �h;►n onc {x;r.~m
<br /> Figny thix Sccurity Instrwncnt.cnch(irnntar uKr�c�Il�nt Ihlti tierurity In.ru umcni wlll kctn�:++II I'uturc i►dvnnccs+►nd
<br /> Quturc ahllg��tiunw thnt urc givcn tu ur incurrcd I.y nny unu ur nmrc(iruntur, ur nny onc �u more Cira�itor++nd
<br /> i�Iil��e.All fulur�.�:Iv;��tiic:��aqd utltir fu3ure��Idle:�d�my��r�,,crurcd hy il�is 5ccuri�y Insuvmcnt cvcn th��ugh nU��r r_
<br /> pnrt mxy not ycl bc advuncrd.All futurc nJva�nm`nn�!othcr futuru uhUgudons nre sccured ns it mudc on thc dntc
<br /> of tlds�ccurity Instrument.N��thing in t#dc Se:curity In�truntcnt shnll consUUrtc ii cummitmcnt to makc ucidid�mnl
<br /> or futurc launs or advana:s in any antount.Ariy�uch cumniitiucnt must lk ngrccd to in u sepnriitc writing.
<br /> C. A1l obligations Cirarttor uwcs to L�:ndcr.wlii�hm�iy Intcr itrisc,to thc cxtcnt aut pmhihited by Inw,including,but
<br /> not limited to,liubilities for overdratls rclating�o xny deposlt nccuunt nKrecmcnt betwcen Grnntor und L.cnder.
<br /> D. All additional sums advanced und cxpenus incurrcd by l.�:nd�;r for insuring,prescrving or othcrwisc protccting
<br /> the Property and iu valuc and any other surn�n dvnnccd nnd expenscs incurred by l.endcr undcr the cerms of
<br /> this 5ecurity Instrument.
<br /> This Sccurity Instrument will not sccurc any othcr dcM if Lcnder[�►ils to give any rcquircd noticc of the right�t reycissic�c�.
<br /> 5. PAYMENTS.Grantor agrces that all payments einder the Sccurcd Ucbt will bc p�id wlicn duc and 'nae ac�ordance
<br /> with the terms of the Secured Debt and this 5ecuritylnstrument.
<br /> 6. WARRANTY OF T1TLE.Grantor warrants that Urantor is or will bc IawfuEly s�izcd of the estate rnnveyed by this
<br /> Security Iustrun�ent and has thc right ta irrevocably grnnt,convcy,and scli th.:[�ra�er�y to'I'nistee, in trust,with �
<br /> power of salc.Cirantor also wanants that the Propedy is uncncumtx:zed,exa:�t f.vs e�rusnbranck.s uf record.
<br /> 7. PRIOR SECUItTIY INTERESTS.With regard to any otl�er mortga�r„d�:s:ci�:tn�at,sccurity agreement or ather lien
<br /> document that created A prior security interest or e ncumbrance on the Frc�sr:•�p•,�vxantoA a;�eees:
<br /> A. To make all payments whcn due and to perfam or comply v�ith afl co��cnants.
<br /> B. To pa•omptly deliver to L.cnder any notices th�t Grentor ecccives from t:h:h�a"��Q•
<br /> C. Not to allow any modiGcation ar extenslon d,nor to request any futur:a�3vana;s un:��a any no:e or agrcement
<br /> secured by the lien document without Lcnders prlor written cons�ant.
<br /> 8, CLAIMS AGAINST TTTLE.Grantor will pay all ie�ees,assessmcnts,licns.,�r,r.umbrances,leasc pay-cieats,ground
<br /> rents,utilities,and other charges relatin�ta the Prop�rty when due.Lcndcr�^.:��require Grantor to pr�vtt:�•to Lender
<br /> � capies af aA notices that such amounts are d��e andthc re�eipts evidencinA t'irantor's payment.GraR?:�rr���'ill defend
<br /> tsue r��rhe Franerty aeainst any claims that would impair the lien of this Sccuriry Instrument.Granto�a,grees:Lass�g�
<br /> ta Lcnder,n�requcsted by Lender,eny rights,clai�or defenses Grantor may have again,sa�ara�M�av?.��,��7+�a,��
<br /> ar materials to maintain or improve the Property.
<br /> ' 9. DUE ON SALE OR ENCilMBRANCE.I.ender may�at its option,dL'CIAI4�ihz entire batance of tl;a�:.urecl Dabt to
<br /> bc immediately due and payable upon the creationof, or contract for the creation of,any lien,encumbrance.transfer
<br /> or sale of the Property.'This right is subject to the restrictions imposcd by federal law(12 C.F.R.591), as appllcable.
<br /> This covenant shall run with the Property and st�a�1 remnin in etfect until the Secured Debt is paid in tull and this
<br /> Security Instrument is relcased.
<br /> 10. PROPERTY CONDITION,ALTF.RATIONS AI�iD INSPECTIO�I.Gruntor w•ill kecp thc Property in good
<br /> ' condition and make all repairs that are reasonably nccessary. Grantor shall not commit or allow any waste,
<br /> imFairment, or detcrioration of the Property.Grantor will kcep thc Pr�perty frec uf noxious wccds and grasscs.
<br /> Grantoi•Agrees that the nature of thc occupancy and►�se will nat substantially change without Lender's prior written
<br /> consent. Grant�r will not permit any change in Anyliccnse,restrictive covenant or casement without Lender's prior
<br /> ' written consent.Grantor wlll notify Lender of al! dcrciands,proceedings,claims,nnd actions�against Grantor,atnd of
<br /> any loss or damagc to the Property.
<br /> Lendcr or Lender's egents may, at Lender's option, cnter thc Yroperty at any rcasonable time for thc purpose of
<br /> inspecting the Property. Lender shrall give Grantor notice at thc time of or before an inspcction spc:cifying a
<br /> reasonable purpose for the inspection. Any Inspcction of the Property shall be entirely for Lender's benefit and
<br /> Grantor will in no way rely on l,ender's inspection.
<br /> 11. A[JTHORITY'TO PERFORM. If Grantor fai ls io perform any duty or any of the covenants contained in this
<br /> � Security Instrument,Lender may,without notice,p�rform or cause thcm to be performed.Grantor ap�oimis Lender
<br /> as attorney in fact to sign Grantor's nam�or pay any umount necessary for performance:.Lender's right to perform for
<br /> , Grantor sh111 not create an obligation to per[orn�,and Lcndcr's failurc to perform will not prcclude l,ender from
<br /> exercising any of Lender's other rights under the I aw o r this Security Instrument.It any construction on the Property is
<br /> � discontinuad or not cnrried on in a reasonablc n�anaer. Lender may take all steps neccssary to protcct Lender's
<br /> security interest in the Property,including carnpl�tbn of the construction.
<br /> 12. ASSIGNMEIVT OF L�ASES AND REM'S.Grantor irrevocably grAnts,conveys and sclls to Trustec.in trust for thc
<br /> beneGt of Lendcr,as additional security nll the right, title and interest in and to any and all existing or futurc leases,
<br /> sublcases,and any other written or verbal agrecments for thc use and occupancy uf any portion of the Property,
<br /> including any cxtcnsions,renewals,moditications asubstitutions of such agreemcnts(all referred to as"Leases')and
<br /> rents,issues and profits(ap referred to as "Rents")_ Grantor will promptly provide Lendcr with trae end correct
<br /> capics of all existing and future L.eascs.Grantor�nay callect,rcccivc,enjuy�nd use the Rents so long as Grantor is not
<br /> in default under the terms of this Sccurity Instrumcot.
<br /> Grantor acknowledges that this assignment is per(atcd upon thc rccording ot tl�is Deed of Trust and that Lcnder is
<br /> � entitled to notity any of Grantor's tcnants to makc payment of Rents duc or to becomc duc to Lendcr. However,
<br /> ' I.e:nder agrces that only on default will Lcndcr noiify Q'irantur and Grantor's tenants nnd make dcmand thaE all future
<br /> Rcncs he naid directiv to Lender. On receivin� notice of default,Grant�r will endorsc and deliver to Lender any
<br /> payment of Rents in Grantor's{�osscssion anJ willrecciv�any Rents in trust tor I..ender ana wiii noi.cummin�,ic ii�e
<br /> Rents with any other funds. Any amounts�ollectcd will be�pplied ijs providcd in this Sccurity Instrument.Grantar
<br /> warrants that no default exists undcr the Leascs orany applicable landlnrd/tenant la�v.Grantor also agrees to maintain
<br /> :►nd require any tenant to comply with thc tcrnis ufihe Lcases und applicablc law.
<br /> 13. LEASEHOLDS;(:ONDOMII�IUAIS; PLANI��D IJNIT I2EVELOPMENTS. Grantor a�rees tu comply with the
<br /> provisions of any lease Ef this Security lnstrument is c�n a lc�sehold.if the Pro}xrty includes a unit in a condominium
<br />_ or a pianned unit dcvelopment, Grantor will perform all of Grantor's dutics under thc covcnants,by-la�vs,or
<br /> regulations of thc condominium or planncd unit dc�•ciapmcnt.
<br /> 14. DEFAULT.Grantor will be in default i(any p3rty c�bligated on thr Sccurcd Dcbt fails tu make payment �vhen duc.
<br /> Grantor will bc in dcfault if a breach occurs under lhc tcrms of this Sccurity lnstrumcnt or any othcr dceument
<br /> (page 2 0/4)
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