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<br /> .,., �: ';`� `` B. All fu�ue advanoes fram Leader to Grantor os other fuiwce obligations of G�anter co I.ender under aaY P���Y r
<br /> .' '< 4�ti� �� auts,coaira�t.guaranty.or ather evideace of debi executed by Granios in favor of Leader esecuted after th9s
<br /> �� Secusiry tnson�ent whether or uat ttris S�auity Insaument is specaficaUy ccf�erenceQ Lt more tdan oae peison t:
<br /> �� -.``.f.' `signs this Secwity tastiument,easb Grauias agrees tt:at this Secuiity instn�ment aill s�aue ali fuuue advanaes and ��
<br /> .�, cui
<br /> � 4 •"� ane or mure Grantor,or aa vne or more Grantor and .
<br /> ���� fature obligatians that are givea ta or iaairt�ed 6y any Y
<br /> <: � I othets.AII fudue a d v a n re s an d o t her f u t u r e a b li$a ti o n s a re s e c u m d b y t h i s S e e u s i ry I n s t r u m e n t e v e n t h o u g b a D o r ��
<br /> ``. :: ,, � . � part ma y n.ot yct be advanced�ill fu3ure advances and ather futu�ubligations am seatced as if made on the date '
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<br /> . . �,.t.. � _
<br /> -�--�'' - of thi�S�ity Iastn�en�Nnihing m tfis Seauiry Ia�tnuaent sball w�stitute a aommitment to m a ke a d d iti o a a l ��',�.�
<br /> ; � or futiae toass or advaaces in any�affiaunt Any sucb aamaoitment must tie agreed to ia a s�parate corttiag �,�r:
<br /> G All vbligations Crantor oares to Len+der,cvhieh may tat�r arise.to tlte eatent nai pmhibited hy ta�v.indadiag,but
<br /> .:'`` not i�ited to.li�b�ties for merdiaRs relating w any degosit a000unt ag�eement beiween Giamtor anc!Leuder. �=:
<br /> �� .. .. rtce
<br /> ;,_.._.. D. All a�ditionat sums adwan�aad�pens�iacurred by Lender tor insuring,preseiving or otherwi�e proteaing �F4��_
<br /> 4 � " - the Ptopercy aud its�ralas a�n�asy oiher sums advanced and expeases iaatrced by Lender under ihe ter�af �,
<br /> - - ri".�,, ,,y�,, ,��Iastnunti.°ntwH!a tst�esny ot�erdebt dLeader failsto give any reyuir�d aatiae of the rightof r�on. r.,�-.
<br /> . �i �' "`,-` . S. PI�Y�Grantur a�tt�t all payments auder the Seau�ed Debt�*n'I!6e paid when dus aad in aooard�aaoe ��_�,_;
<br /> .:';'>'�:,,4� ;����`}: c�ritI�tYts teims af the Secured De6t and this Sec�rriry Insmm¢EaL -__
<br /> ..-'Y,.e:;.•�•`"Y_ ��"� "
<br /> .•:,;_�;. .: �� ' b� 6QA�13A11YiY Og�I.E.Cnautor wanaass that GranWr is ar m'D be lawfuIIy scized of We�ue oonvveyred by t6is ��
<br /> ';'��' Seaaity Inst�amr���aad has the rig�t to ur�►�cably gr�ait.aamrey,and seII tt�e Pt+uperty w Ttnstre.m tzast.�vith - :,
<br /> :'!`i�;',:, "� � also cvarisuts that the Pca�ny is anenaimbered,eacept for eat�uabiances o�temrd- �"'=
<br /> rc� . T' `. p6W�0�6aI6.C�tii. � _.
<br /> '3i: ' T. PBIOS SE�U�1i IIeTl��SS�WitL re�nd W any othermortgage,deed of Wst.sec�mt3►agr��t or othes t�ea
<br /> _ . . �.� ,`�%,= t6at ixeated a mtems1 or encambranoe oa the P�pezty,Gtant�ag�ee� _::,-
<br /> ..._._ .,�r� a�:.';'..;fs . dac�nnent Psiorse�tY . . " ..
<br /> �n
<br /> . .'�'�.. A. To make aII payments wb:;�Qa�aa��i�o perfmmoroomplywitt�a1i oavenants '�-_-
<br /> '. r..
<br /> ;<.:,� B. To pmmptty deliver to I�ud.�r�t►otic�s that Grantar receives firam t�te holder. , ;E<_`�,
<br /> `` '; G Nai to al2aw aay uta�ratiaaa ar exteis�of�uor to reqt�esc any►fuwre advaaoes tmder any uot�e or agteemeat �
<br /> fl uot
<br /> .. ��:,' seaued�y thelien d�t withortt L:eQder's piior arditen oonseat. ��.
<br /> _ -�.'-�= � 8► CL�►lat�.S AGAiNST7l�LE.Graator�1 pay a U taxe3..a�en t s,t i e a�.en c o m b i a n c e s.l e a s e F a y m e n t s,9 ro!u t d . �;:;:
<br /> . � . . �..�,�.::,�.. rents.�es,and other c6arges retating to the Propertya��alne.Ir.�eader tnay require Giantor to gmvide tol�¢�t
<br /> , .. . . - oopie.s of aII noEioes Wat sach amouats aie dt�und t6e reeeipts evideacing Csranto�s paymeut.Qrsut�nr w�t ct�te�i�• ,:--_
<br /> . ` " � title3othePropeny.againsta�►ciai�stha�ss�aItl�mpasthelieaofthisSearritpt �,rie.*.+ Giant�iragceestoassTg�p; � _
<br /> :,'.. tal.e�,as requested by Le�d�.�Y nP�;��ar defeaisses Crantorm�y have a,�t p�}���P tY� -`
<br /> �,� :.,x> ' . :. : �� =
<br /> r��f�°;;�•• vrtnanter�stomaivainorit�[ov�t[tePcoperiy. ..-, -
<br /> trC�;..�t. , -
<br /> _ � ��� ..•'����r;�� 9. �UE ON�AY,E OIf F.riCgTl�M��C�.Lender may,at its option,declate the entlt�bt��ce of the Secured De`��<to � __-
<br /> .� •"'��''` b�,f,r�m�lr,�1y due and payable apon the creation o�or oontract for the eceation o�;a�:�n,encumbraztce,transf�r -__
<br /> , .. � ,�,. :
<br /> . ' or sale af the Fra�p�ert,y.l7ris ng�t is suhj�ct to the.resuiaions�pased by fedscal law(1�CF.R.�91),as appl'scable. ___
<br />_ - ,'" Y • Ttus ameriant s4sai#can wiW the P�operty aad s�Lall semain in effed�til the Secured De6t is p�.ia fiill and ttris' . ,_
<br /> "�`�. SealritY Iastrament is released. •
<br /> � � ''_� 1A: 6�IY�IFfdIrBTlt�OleiDiT[ON,A�T�ERA'I'dONS 1�P1D�SP�CETON.Grantor d1"U�keep the�roperty in���id
<br /> A
<br /> � cond�tic�n and make a!i repairs that are teasanably necessary.Grantor sdall noi commit or allow aay waste,
<br /> _ � :��,,. ':`, ' impairment,or detetiotaticsa af the Prop$rtY,Gcantar w�l keep the Propexty free of noxtous weeds and grasses. . �
<br />�� '�•'. �.� , Grantao ag�ees tha�ttte natiue of tbe ooc�paac.y aad�.se vv�1 not substantlaliy cdange without I.ender's prior written
<br /> . ....;:.: �,:��;��s wns�n��Glrantor w�i not permit 3siy ct�ange i�any ticence,restriqive covenant or easemeat a+ittwut Lender's'prior
<br /> ,:;�,:i,;�%� J aritten�coaseu�Grantor w�l n�g Lender of all demands.Praceed'm�+,daims,Sttd ac�or�s against Grantor,aad of::
<br /> _ .'•;:".�,.".�. F any Yoss ar damage w 1he Propettly:, ' � .
<br /> _ ...`.".�;` l.ender or Leader's agents may:�t.Lende���tion,enter the Property at any�te time for the purpass of
<br /> ° �•��'�� inspectiag the Property. Lender shall give�",�xantor notice at the ume of or bc�r%'an inspection speafysing a .__
<br />— ��-�: for the in on.An ins ectios►of the erty ebaU be t�ii�t for Leader's benefrt anQ _
<br /> • ' reasonabls W*Pose SF� Y . P �P y�
<br />_ � . ,;:.:;:F,������.; Crra��tor w�l in�ro way reIy on Leade�s inspection. ` . ' ---
<br />_ . , I1. A�08ITY TO PEIdFOItAR.If tsrantor fails to perf��cu any duty or any of the cavenants contained in thls
<br /> `. . : �.;;�`' .��ai�itq Insuwmen�Lender may,withoui aotise,Perform os cause thcm to be performed.Grantor appoints Lender
<br />_-'::^�• • u��1tom�y in fact to sign GraaWr's name ar pay any amosmt necessary for performaace.Leade�s r'�,�t� w pedaisn for 4.
<br />- � � � . Cnantoi shaSi nat+�te an oblig��tion to per[omi.and Lender's fail�e to pedorm will not presiu�'�e Lender from _
<br /> � � exercasing any of Lender's other rights under the law or this S�urity Iastnanent If aity eoasrncctio�cw the Piopercy is
<br /> _ ' �.,��, �� , discontinaed or nM carried on in a reasflnahle manaer.Lettder may take all steps uecessary to ptotect Lender's _.-
<br /> � • ,>�<s:. :: yecuaity intcrest in the Property.irtc2ading completion af the oonsmtMioa.
<br /> f.. 4���, rocuai _ _
<br /> jZ, ASSIIG1Vi'Jffi�T OF LEA�E$!S�'b REN15+..Citantor urevocably gxanis.oonveys and s�lls to Trustce.in tnist fot the
<br /> A
<br />— ' ;;, i benefit of l,ender.as additional secauity al1 t�r�righ�titie aad'mterest in and to any aad aD existing or future leases, _
<br /> � '���,ati+�_-� �•r subteases,end any other writtea�or verbal ageements for the use aad o�panry of any portion of the Proaerty.
<br /> :t i:f� inclttding any extensions,rene�modif catians ar substitutions of s�tc6 a�xeements(atl referred to as"l.eases")and a
<br /> ...`s;�t��`::_� rents.issues and pro5ts(all cefi�rred to as"Rents").Grantar will promptty provide�.eader witb trtte and aatrect `,
<br /> .� . wpiss of a!1 eaistiag and future Yxases.Graator may ool[ed.receive.enjay aad ute tke Lqeatsso long as Grantor is aot
<br /> ... r..;
<br /> in defaWt under the uerms of thls Seauity InsWmen� �:
<br /> _ .'::-?k;.; Grantor acknowledg�es tl�at Wis assignment is perfected upon the reaoTd'm�oi Uus D�d o!Trttst sind that Lender is � -_
<br />. ' �' ���'��`� enritled to aotify any of Grantor's tenants to make payment of Rents due or to became due to Lender.HuNever.
<br /> �� :,;,,,�; . Leader agees that only on deG�utt arill Leuder notify Giaator and Grantor's teaents and make demand that ail future =_
<br />—_- � � � licats be paid d'uectty to Leader.On reoeiving notice ef default.Grantor witl endazst and deliver to 18ader any 4
<br /> �� ��,' � payffient of Rents in Grantor's possession and wiU receive any Rents in trust for lgader and tvill no1 oammingle the E
<br />--- . Rents�viW any other funds.My amaunts oultected wi�l be applied as pravided is ttis Seiurity Instrument Giraator �__
<br /> � ' � warrnnts that ao defauIt emsts uader the Leases or any applicable faadtardJteaant 1aw.Grantor also agrees to maintain �;:
<br />__- . ' '� and require aay tenam to comply arith the teraos of thc Leases aad applicable law. ' �
<br /> � L'�► LEASE�OIDS:C01VDOb�NIIUN3•S:PLANPIBD tJNri'DEVELOgN1Eli°IS�.Grantor agrees to aoffip!y vritb lhe �
<br /> �•�' '� � � provisians oi aay Iease if 1P�5e�wity/asttumeat is an a teaseho2d.It the Property inctudes a unit in a oondominium •
<br /> _ '��� �'. . or a planned unrt developmeat,Grantor�vill perform all ot�Gsantar's dutt�.s uader tke coveaants.by-la�vs.or �
<br /> - . , � mgulations of We wndaminium or planned unit devetapment �
<br />- � �,:_�� •� !� DEII�AtJ�.T.Grantor�vill be in defauit if anyr party obligated on the 5�cured Oebt tails to make paryment�vhen due. �
<br />_ ___. __ Grantor cvill be in dcfault it a breach occuls uader the terms of this Security lastrument or any other document . �
<br />_ :,_ : - �pag�aata� �'
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