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<br /> Grantor to provide to i.ander capirss of all nocices that such amounts are due and the receipts _-
<br /> evidr.ncing Grantor's paymr�t. Grantor wfll defend title co the Property against any claims thac would
<br /> fmpair the Ilen of this 5c�r.uriry Instrument. Grantor agrees to assign co Lender� as �equested by Lender,
<br /> any rights, elaims or dnfe�nSes Grantor may have against parties who supply labor or materials to
<br /> maintaln or improve the Pranerty.
<br /> 9, DUE pN SALE OR ENCUMRRANGE. l.ender may, at ics option. declare the entire balance of the Secu�ed
<br /> Debt to be Immediately du� and payable upon the c�eacion of, or tontraet for the creation of, any lien,
<br /> enGUmbrance, transfer or sale of che Property. This right Is subJect to the restrictions imposed L�y -
<br /> federal law 412 C.F.R. 59�), as appllcable. This covenant shall run with th� Property and shall remain in _
<br /> effect untii tne Secured D�bt is pafd fi�full and thls Security Instrument fs released.
<br /> 10. PROPERTY CW�DITION, AI.TGRATIONS ANp INSPECTIDN. Granto� will keep the �Froperty in good
<br /> condltlon and make all rQp�irs tl�at are reasonably necessary. Grantor shall not cammit or allow any
<br /> waste, impairment, or dnterloratlan of the Property. Grantor wfll keep the Property free of noxious
<br /> weeds and grasses. Grantar agrtt�s that the nature of the occupancy and use w(II not substantially
<br /> change withaut Lender's prinr wr�tten cansent. Gr�antor wfll not permit any chang�n�oti�lenidersof -
<br /> restrfctive covenanc or eaFement �+I�hout Lender's rlor written consent. Granro� wil
<br /> all demands, prueeeding6, clalmn, and accions against Grant�r, aRd of any loss or damage to the
<br /> Property.
<br /> Lender or Lender's aaents may, at Lender's oPx�ian, enter the Property a4 any reasonable time for the
<br /> p�arpose of insqecting the Praperty. Lender s�hatl give Granto� notice at the time of or be€�are an
<br /> inspection specifyfng a raa�onat�le purpose for the inspectfon. Any insp�ection of the Property shall be
<br /> entirely for Lentlers ben�flt and Grantor will in no way rely on l.ender's inspectfon.
<br /> 11. AUTHORITY TO PERFORM. If Grantor fails to pe�farm any r�uty or any of the covenants contalned in
<br /> this Security Instrument, lander may, without notice, perform or cause them co be performed. Gran fo�
<br /> apQoints Lender as a¢tannQy In fact to sign Grantor's name or pay any� at on nto perform and
<br /> pe�formance. lender's rigb�t to perform for Grantor shall not create an oblg
<br /> Lender's faflure ta p�Erform_wl�� not preclude lender from exerz�sing any of l.ende�'s other rights under
<br /> th@ IdW Or t�i15 aeCUricY i►�atr��++�rt. 1f°nV =an-�truzt4o� !+r ??�� Qrnnnny ts discor,2i�ued ar not car�led
<br /> the�Propertl►��n cuding aompledon�of he eonstru�ction s necessary to prot�ct Lender's security interesc �n
<br /> 12. ASSIGNMENT OF LEAS�S AND RENTS. Grantar frrevocably grants conveys and sells to Trustee In
<br /> trust for the beneflt of l,ender as additlonal security all the right, tit�e and interest in and to any anc�all
<br /> existing or future IeaSns, subleases and any other written or verbas ag�eements for the use and
<br /> occu ancy of any paRion of the aropeny, including any extensions renewals, modiflcattons or
<br /> subs�itutlons of such agrecments (all refer�ed to as "Leases") and rents. Issues and proflts (all referred
<br /> to as "Rents"). Grantor wlll promptly �rovide lender with true and correct copies of all txistin9 and
<br /> future chCaterms of this S�curl y Instrumentc� enJoy and use the Rents so long as Grantor is not In d�fault
<br /> under
<br /> Grantor acknowledges chst this assignment is perfeaed wpon che recording of this Deed of Trust and
<br /> thac Lender Is entitled to notlfy any of Grantor's tenmts to makepaymenc of Rents due or to become
<br /> due to Lendu. However, Lender aqrees that on�y on default will Lender notl�r Grantor and Gnntors
<br /> tenancs and make dflmand that ail future Rents be pald directly co Lender. On receMing notice of
<br /> default, Grantor wiil Qndorse and deliver to Lender any payment of Rents In Grantors possessfon and
<br /> will receive any Rents in trusc for lender and wfll not cammfngl� che Rents .wi[h any other funds. Any
<br /> amounts collectcd wfll be applied as provided in this Security Instrument. Grantor warrants that no
<br /> dehult exists under the Leases or any appllcable landlord{c+enant law. Grantor also agrees to malntain
<br /> and r�quire any tenant co comply with the terms of the Leases and applicable law.
<br /> �3. L.EASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVEI.OPMENTS. Crantor agrees to comply wfth the
<br /> provisions of any leata If this Security Instrument is on a leasehold. If the PropeRy indudes a unit in a
<br /> condominium or a E►lanned unit development, Grantor will perform all of Grantor's duties under the
<br /> covenants�bylaws,or regulatlons of the condomintum or planned unit development.
<br /> 14. DEFAULT. Grantor will�be in default 1f ariy party obligated on the Secured Debt fails to make payrnent
<br /> when due. Grantor ��ill be In default If a breaeh occurs under the cerms of this Securfty Inscr,ument or
<br /> any other document executed for the purpose of creating, securing or ouaranrying the Securerl Debt. A
<br /> : good faith belief by Lander that Lender at any time is insecure �+rith respect to anype�son or entity
<br /> m��9tred shall also�onstitute�ante�vent of defaui�t�s�� of any paymenc or the value of the Propertl+ is
<br /> pa
<br /> 15. R�MEDIES ON D�FAi�LT. in some Instances, federal and state law wlli requfre Lende� to provide
<br /> Grantor with notice of the right to cure o� other not�nder�may accele a�es the Secur�e Debt and
<br /> foreclasure aafons. SubJect to these Iimitatir�ns, if any,
<br /> foreclose this Securiry Instrument fn a manner provided by law if Graneor Is In defauit.
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