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<br /> B. All fawre adva�x:es from i..tnaler ta Grantor or other futur�c�ligrtians of Ciranl'or to-I..cnde:ur��r an�rY
<br /> nott,conlract,guaranty. ur<�ther evidence of dcbt exect�te� by Grantur in favor�!G.cncizr executed nftcr Ihis
<br /> Sccur.'ty lnsttument whcth�r or not this Sccurity lnxtrumrnt is specifically r�ferenced.if murc then unc prrson
<br /> signs this�ocurity Inswn�ent,each Grantor agre��that this Cecurity Instn�ment Nill�cure all iuluce advene�s ancl
<br /> fu�urr. ohlisations that arc givcn to or incurrcd hy any one ur more Grantor,or any ane�r mara +C';rantQr and
<br /> oit►�rs.All[uturc advances nnd nther f�►�ure ol�lipadc►os are a:curcci hy Ihis Sccurity Instrument e��en though nl!ar
<br /> �n m�y M►�yet be advanced.AU tWUre advanres and other future�F►figotions are securC�as if muJe on tiK:ilat�
<br /> of this Seeurity instrument.Nothing in this Security In�trument shall constiuite A commitment w make acklitional
<br /> or future!c►aiu or advances in any amount.Any such commitment must t►e agrced to in a scparatc writing.
<br /> C. AU obligatirn�s Granta owes to i.endcr,wi►ici�uiay tat.:�ar�s�.,ta ihc cxtc.tit ncs prchibited by law,includinp,but -
<br /> not limited to,l.i�ibilities for overdrnfts r�elating to any depc�sit account,ai5recment tx:tween Grrntor and l.ender.
<br /> D h'eaPr'operlytancl.i:s�1�.��a nd any other um d anced and�cxEx r��rr.Kiun��by Lender unden c�t�rms��if
<br /> this Seeurit��Lnsizr�r.ncn.1:.
<br /> Tt►is Security lnstrument wilt oc��:,erur.e�a��Y r�t,��er.debt if�.cndcr fails to gi,ve an.y r.cr�,ui.nd.rr��ir�of the rigl�t o��scission.
<br /> S. PAYMF.M'S.Grantor agrees tht►t�LI:�y�msn.rs�under ths Secured D�ebl wi11;t5ry p�id wi�n chir�'��►d:�n A°O0��O0C
<br /> with�the t�erms of the Se�ured Debt xnd thrs S,cx.Jri:hr Instnimen.t,
<br /> � ws�r�t�nr�'Y IlF 777'I.F:.Granr.or warrants that GrantUr, 'r.s vr.wili ixV[av��f:u.U.y:�:ized.of:thc estute conveycd hy i.IT.is
<br /> �• Se��er.it, frts►.ee�!�cnt and hu the rrnrzht to inevocably grara4,a��:�ti•�:y,�.r.tc!ael[r,[7e L"r.n�erty to Tru�ice,iu i�us:,�i�iG
<br /> power c�4 sale.Gr.�ntvK s�lsu w�ra�ets that the Propeny is unencumben�r.ii.excep�f�ar r�x.-r,c�•r.�brances of rernrd.
<br /> 7. PRIOR SECUR�'IY IM'ERESTS.With regard to eny other moctgage,deed cr�'tcu�st,sc-curity agr�ement or otMer lien
<br /> document that cru.ar.e�di�,�rxior security interest or encumbrance on the['ro}rrty,Gracrtor agrees:
<br /> A. 7'o make a91 p�►3+�+cnts wb.��a due and to perform or canp�y with aU covenant�
<br /> A. To promptly deli��er t�r ll.e•�s2,ler any notices that Grantor receives from the hoWcr.
<br /> C. Not to allow any moJi�icr�tion or extension af,nor to request any futw�e advana:s under any note or agreemeat
<br /> secured by the li�n document without L.ender's prior written oonsent.
<br /> S. CI.AIMS A�A�15IC Ti77.E.Grantor will pay all taxes,assessments,liens,encumbrances, lease payments. ground
<br /> rents,utilities,and other char�es relating to the Properly when due.Lender may require Grantor to provxlr ta�nder
<br /> r,opies w4;ali notices that such<����ounts are due and the receipts evidencing Grantur's payment.Grantor wild dr.•ff�ee�d
<br /> tit1P�c�c;ti;e Yropert?against any c�l:�ims tl�at would impair the lien of this 5r:curity Instrument.Grantor agrees 4c�H;:}:�;n
<br /> to LtnileP,"AS retj,n�stt<<:d t1)Lenc�er,any righis.ciau�,�ui dcics,;ci��:...�C n:s3'!:°-yw apninct nutirs wllo suQR1K�:��'ux
<br /> or materials tu pnt��:�'t�iim or improve the Property. �
<br /> 9. DU�ON SAI.E:gA�`�iC?�i�Utl1�1BRANCE.Lender may,at its optio�,d�c:il':l��e'iH��entir�balance of the Secured Debt to
<br /> be irnme�iiately du4;�nc�;; ,wZ1r�4-u�►on the creation of,ur comract f�r�h��Gre��Kr�n of,any lien,encumbrance,tran�ter
<br /> e�
<br />- or sale of the Propexiy, ^h,�rt�i�;n:::t�s subject to the restrictions impos�:�l'hy.?erl`fi:a;dl,l:+'+��b7�2 r.r.R.591),as applica4�le.
<br /> 'I7►is covenant shafl run.yki;�: nl�e IP.roperty and shall remain in eff�cs,r,in�tn9:Yl1�Se�r��rc�e,�3!fl�bt is paid in tull and this
<br /> � � Sccuritylnstrument�rs���er�,c�i�!.,.;�� ��
<br /> IQ PROPERTY Cn1:�IJ'iY9U�7�.A1�•�ERATIO1dS AND INSPECfI�h�l,. fiiantor will kcep thc.�'�r�lr,p�ttty�n good
<br /> condition and ma3:e;u!! r�,��14!is'that ure reasonably necessary. Gr;���ir�i shall not commit or c��:� ��wr an wastc,
<br /> im{�anr��ment,or deteriuradom�c+';2E�e Property.Grantor wils?kc>ee�?;�l�e Property frce�f noxiaus werds and grsi�v�s.
<br /> Grarit�.�:agees thet.the aatu�i�4'f¢he occupancy and use wi�l;��o��sl�t±+:itantially change without L,ender's prior wf�t�en
<br /> oonsent.Grantor uill not permlt any change in any licensc:,r��t�Gxi�r�c4venant or easement wixhout Lender's prior.
<br /> written consen#.��.r��ntc�.vnll notify Lender of all demands,pmoeedi�ngs; t1aims,and actions against Grantor,and of
<br /> any loss or damAsc�t�cs:t�h�t�Fr1�p�r�Y• "
<br /> Lender or I.ender'i�n��c�mSs!GSSay,,at Lender's option,enter tbe Pro�bit� .nt.tuay rea,won�ble time for the pu�ost ot
<br /> inspecting the Prp�i�a�t��:L.?�nder shall give Grantor notice at the tim�•vf or bc;�q.rc;'an inspection specifyeng a
<br /> reasonable purp�s��'.t.rJ�r.:the�.inspection. Any inspection of the Propetb�i�sbal! be entrt�ly for Lender's benefit and
<br /> � Grantor wiU in no+y1}�r��yon l..c:nder's inspcction. ' `•'� � �' �
<br /> 1L AU'�'HOR[fY 'i'd:) �!'.��tFORM.If Grantor fails to perfnrnt,a��.�l1�r.t}� or sny of the covenanlG.coniained iti. :his
<br /> Security Instrume�it,I.ender may,without notice,perform t�r•,cz�aDSf'tlh�4n.ro be perfortned.Grantor�ppoints Lender
<br /> as attorney in fact to sign Grantor's name or pay any anac�,�na�;�nc��ty for perforrosnae•1-ender's right to pertorm for
<br /> Grantor shall nat crcate an ubligation to perform,and I.,c�r�cT:c.s failure to perform will not preclude l.ender fran
<br /> ex�rcising any of i.ender's other rights under the luw or this Se�cuc3ty Instrument.If any construcUon on the ProQerty is
<br /> discontinued or nat carricd on in a reasonable manner, Lender mi�y•txke all steps necessary to protecc Lender's
<br /> security interest in the Property,including completion of the construrc(un.
<br /> 12. ASSIGMNENT OF LEASES�►ND RE1�R'S.Grantor irrevocably gr�T�ts,cpi�vey�;r�1d sv.11s to Trustce,in trust[or the
<br /> bene6t of Lender,as additieam;�security all the right,tiRte flnd interc�s ano:�3d 1o'uc�iry���IC�all existing or future leascs,
<br /> subleases,and any othcr wanm�:�ru ur vc.rbai ngrcements ff�rc th� s�se :r.�ul cx4:upar�ti.,oF any portion of the Property,
<br /> including any�xt�:�n•��ans,reaEwals,modiCications or substit�uiio�+�s oE�ro.ch �i�ieemcnts(ay!re[encd to as"Leases")and
<br /> rents,issues an�J:!r.>:.��`iuGS(al➢ referrcd to as"Rents').Grrnh►r�hl!�r:c��ptly provide Lenckr wnn's"nie and correet
<br /> co�nes of a!!exirj�:U�ra�������fut�cre I.case.�s.Grantor may rnlk-ct.rrceive,cnjc�y and use the Rcnts u�k�a�L;ss Grantor is not , s.
<br /> ice�3ek:aeaF.k undei the terms off this Security[nstrumcnt. ` '
<br /> Graaccx xkrio�Md(� ��h�t Rhis assignmcnt a perfeete�!upoe the reco�c�in�oi thii Dacd oE Truac and that i.er�tt?.:r�'�. .'�.• `;
<br /> entitltd t��onita�X�ieteyY�f(ira�tor's tenants to make pagrr�eni U[Rew��s due or to bccort�e dc�e tcn LeRder. 6-IQw•:•c�r,
<br /> Lender a�gree��hae au�ly on dcfault will Lendcr notify GrantRr a�ut�r.antor's tcnants and maice dc;rrr�nd` that all future
<br /> Rents bc p:i�d alirec[Iy �n L�:ndcr.On receiving noticc of def�ul�.�r�rntor will endurse arod da:��vrr to l.ender any
<br /> .....�W�u�..�..�.,..�nv Ypears�a tivst for Lendcr and wiLl'not commingle the
<br /> pBymCni oI ei.¢'rri�err cn+�iF.R�,';}av.n...'�"�..:Q�..:«.... "'..'-'-"- -'.
<br /> Rents with an5�ot�ter fci��. Aity amounts collected��tx:app�iccf as provided in this S�uriry Instrurnent.ci!ancor
<br /> warrants thac n��d4faui�cxists undcr thc�..eases or a��a•{��[cc�bf4 I;�ndlord/tenant law.Crentor also agrcp to maintain
<br /> and requirc au:��rci�a�t to mmply with tire�'errn�ul°tTu��.�:�.r•4�a���7Laiicablc law.
<br /> l�r ➢.A�:ASEHOLDS;COPIWA11NWy1S;M'n.AUV��T�1]WS��YE�.OpM��Grantor agrccs to com�ly with thc
<br /> ��ti•�avisinns of any Icasc it�his Senarity Insirunr�nc is orr,��l�aschold.itthc Properly includcs n unit i�i a ca►clominium
<br /> ur'a planned unit devclo�ment,Grantor will pe�l�ann afl of Grantor's dutics undcr thc covcnants,by-laws,nr
<br /> regulations n[thc condominium or pl�nned unit de�•clopment.
<br /> 14. UEF'AULT.C;rantur will tx:in ckfault ii any party ohligntcd un thc Si:curcd Dcbt[ails t�makc paymCnt whcn duc.
<br /> Granlor will b:in default it a brcach nccurs undcr thc �crms of this Sccurity Instrumcnt nr nny othcr documcnt
<br /> {pp�r?dI)
<br /> o,w+ww�.e,w�+.�c.s�aow.w i��oo��-tr+�►a�nE�ot��w�w �".—" -
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