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<br /> B.All future advances from Beneficiary to Truator or other future obllgatlona of Trustor to Beneficinry under any . _ . � ,:N+.,:
<br /> promissory notc, c;ontract, guaranty,or other evidence of debt cxecuted by Trustor in favoc of Bene:ficisry caecuted , . _
<br /> af.er this Secudty Instnur�nt whether or nat thie Security Instnunent ie specific�lty referenced. lf more than one �� .",',�•.
<br /> person signs thls Secudry Instrument, each Trustor agrees thwt this Security Instrument will secure all future . ,.,:�:
<br /> � advAnces and Nture obUgations that are given to ar incuned by any one or more Trustor,or any one or more Truator _
<br /> ancf othere. All fLture advances and oWer future obligallons are secured b thia Secutity Instrument even though ell ..�;:,:.:___. j
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<br /> or pan may not yet be advanced.All future advances and other thture obl gations are sxured as if mado on the date ' � . _--
<br /> � � � of thle Security Instnunent. Nothtng in thie Sccurity luscrument shaU canstltute a commitmeat to make addittonal or � :`v'`
<br /> futun lou�s or advances ln any amount. Any such wmmitment must 6e agreed to in A sepsirate writing. Y.��s• �u '--
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<br /> ' s C.All obligetions Trustor owes to Beneficiary, whicd may later urisc,to the extent aot prohibited by law, including. ,� '!"��;,.':�.;.�
<br /> •�*"�'�" - bQu�t..nqoty limited to, liabtlities for overdrafts relating to any deposit account agreement betweea Trustor and r.'- ''t�y.r,,4;`::".
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<br /> U.All addidonal sunu advenced nnd eapenses incuned by Beneficiary for insuring, preserving or otherwise protec ,�•, ••-.i=
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<br /> the Property and its valua and pny other sums advanced and eapenses incurred by Heneficiazy under die terms of th e ;�f:;�_�-__
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<br /> � This Secudty Instnunent will not secum any other debt if Beneficiary fsuls to give any required notice of the righ[ of �.m_
<br /> rescission,
<br /> 5. PAYA'[f��'�Tund°Thbgtand this Se�cunty Insaunxnt�e���bt wAl bc paid when dite and in accordaace with the � ---
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<br /> + 6� V�►ARRANTY OF TITI.E. Tntscor warraats that'I'rustor is or will be lawfully seized of thc estate oonveyect by Uua �
<br /> �urTt�lnsrtr�ne wa iaats�that thehPrope��is�nly umbe�,eacept f r�eacumbroia s of record•in riust,with power of �
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<br /> ' 7, PRIOR S�CURITY INT'ER&STS• With regard co any other mortgage, deed of uust, security agrcement or other lien _�_
<br /> � I documenc that created a pdor security interest or encumbrance on the Property,Trustor agroes: �
<br /> �' A.To make all paymenta when due and to perform or comply with all covenants.
<br /> , i B.To promptly deliver to Beneficiary azty notices that Trustor receives from the holder. __
<br /> C.Not to allow aay modlficatioa or exteasion of, cor torcquest aay future advaaces under any na�te or agnoemeat _
<br /> Secw+ed by the tien document wlthout Beaeficiary's prior wr[tt�m conseut. __
<br /> B. CLAIMS AGAINSI''PITLE.Trustor wlll�pay all taxes,assessn�ents.liens. encumbraaces.lease payments,ground rents,
<br /> � utilities.u�d other charges relati��g to the PropertY whea due. Bcneficiary unay rc�uire Trustor to provide to&neficisry =-
<br /> ' copies of all notices that such amounta ure dne and the receipts evidencing Trustor e payment.'Trustor will defend tide to _„�
<br /> _ � the pro cty againse an clsimg that would impair the lien of this Secutiry Instrumeat. Trustor agras to asaign co —
<br /> '___.______ ���`P° � �� w���'�.����yry,�y�i�hic,claims or defenses Trustor may have againet parties who supply7abor
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<br /> � I or macelrl�s to mafntain or jmprove the Property. —
<br /> r� 9. DUE ON SALE OR ENCY.l14IBRMICE.Beaeficiary mny.at its o�don,declare the entin balance of the Securod Debt to
<br /> � be inunedlately duo and payable upon the creation of.or contract or the cre�tion of, any lien,encumt�r�nce. tramfer or _
<br /> •''•` '" � salo of the Peoperry• .Ihis dgh�t is subjxt to the resuicdons imposed,by federal law(12 C.F.R. 59l), as applicable.'Ihla
<br />��.�:._ .. covenant shall nui wrth the Property and shall remain in effect until tho Secured Debt is paid ia full uid thts Securlty
<br /> - .�•:t;`_, <;:�� � Instrucnent is released.
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<br />-�„r-�..�a��!�' 10. PROPERTY CONDITION, ALTERATIONS AND IN3PEC'IZON. 'l'custor will kccp 11un F�uperty in;good condiNoa
<br />-�..:.: ,, ,.„; and m�1ce ull airs that are reasonebip nocessary. Tniseor shall not commit or dlow ury wasta. unp�im�ent, or _
<br /> `- desedoradon of�e i'roperty. Tcustor w[]l keep the Property frx of noaioue woeds and Srasses• Tn�stor agcees thu the
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<br />- •� • �c• natute of tha occupancy an d use w i l l no t su bs t a n t i a l l y c h a n g e w i t h out Ben�ficfuy'e prior written consent. Truseor will uot
<br />�%''N��-• � permit aay chunge in any license,restrictive covenant or easenxnt without Beae ficiuy's pdor wdtten consent.Tnistor wlll
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<br /> � , � n o u f y B e n e fici e ry of all de�nands, ptoceedinBB. cleims, and xtlons ageinst Tn�stor� a►d of�ay loss or duYUge to e
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<br /> ;�,-;;x�i�;':,'..�.,; Beneficluy or Beneficfuy'sagents raay.at Beueficisvy s opdoa,eater the Pcoperty at any teasonable time for thepu�ose
<br />��,Y;,sr:.c•� �r as�onab��pur�po�se��t�h�nspneectioayAny�i s�p�cilonsof thetProp�rtycshull be rntirely fo�Bea�e►�'ciary's 6enefit -�ad
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<br /> �;�;,_„_�;, ' T�ustor w�li in no�vay rely on Beneficlary s Inspxtioa.
<br /> ` �',?;;;. ' il. AUTAORITY TO PEYtFORM. If Ttustor fails�,o�oo��Y�em°o be�iforined.Tcustorpn�poina Henefici�iry atys
<br /> � '-°• Instnuneat. Beneficiary may, without uotice. pe °R
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<br /> '�S r� : attotney in f�ct to sign Tcustor a nune or pay any amount aecessuy for pertoernnnce.Beueficiary s dght to pecfoim for
<br />-_ „�':' Truator shall not creata an oblig4tlon to perform, and Beneficiary'e failure to perfocm will not prxlude Beaeticury from
<br />-:-;��,�r,• •.�•.:, : eaercisinp any of HeaeSciary's other dghts under the law or tLis Security Instn�ment. If aay construction on the Pmpe�ty
<br /> -' :��'%�•�'��. :i. is discontuiued or not carried on In a reasonable mam►er,Beneficiuy may take all steps nettssary to protect Beneficiuy s
<br /> "':.,�;,�'..:?; %? security(nterest ia We Property,including completion of the wnsuuction. --.__
<br /> - ` ~ 12. ASSItifVNIENT OF LEASES AND REIVTS• 'I'rustor irrevocably gcants. coaveys and sells to T�ustee. in tmst for the = ____
<br /> ,; r.�,�•;,,, r .' �• �fit of Beneficiary,as additlonal secudty all the ei�ht,tide and interest in and to aay uid dl eaisting or futtuC leues, _
<br /> .' ��' s u b l e a s e s. and an y other wdtten or verbal agrcemeats ior We use and occupancy of an y p ortion of the Property,including
<br /> �������'� ,�� any eatensions.reaewals,m o d i f icat ions or su bs ti t u t ions o f s u c h a g r e e c n e n t s(a l l r e f e rn d t o a s"L e a s e s") a n d r e u t a. i s s u e s
<br /> .,;;r�;:� ,'• and pmfits (all referred to as "Reatts"). '[tustor will promptly provide Heneficiary with tiue and corroct ies of all _�....
<br /> . � �.�F�� thoscetn�s of t�h'is Secunry Inst�nt�y�ilect.receive.enJay and use the Rents so long es Tmstor is not In d�ault under =u_ __-
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<br /> Trustot acicnowledgc�s that this assignment is pr.rfected upon the recording of this Deed of Trust and that Benefic{ary is ���_
<br /> � ��. , entitled to notify any of Trustor's tenants to make paymcnt of Rents duc or to become due to Be�ncficiary. However ,-.,.;,v_ __
<br /> � :.-,`r�. Benefieiary agrces,that only on default will Beneficiary not�fy Trustor nnd Tnutor's tenants and maice demand that al1 ,,. �a����_
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<br /> .:�:�'�� �. futurc Rcnts be pa�d direcdy to Benefici On receivin notice of default,Tnistor will endorse and deliver to Beneficiary -� � t.,
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<br /> •-•• any ayment of Rents in Tcustor's possess ton an d w►I l rece i v e a n y R e n t s in trust for Benelici a r y ancl will not commingle �-t:•,4�`:'�,
<br /> � .-- �t,P�m�s wtth anv other funds. Any amounts collectod will be a�plied�provided i�this Security I�OSI fillIilCll'nta'Tll'tO�C� . ' '��
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<br /> � : warrants that ao default exists under tue uases or any appncuac��.w���..,�u��.=..a�. _•��.�•-.w�s•--�•------ -- _ _ .� �
<br /> requin eny tenant to comply with the terms of the Lrases and applicablc law.
<br /> '� 13. LEASEHOLDS; CONDOMINIUMS• PLANNED UNiT DEVELOPMEN'1'S. Trustor agnrs to comply, with thc •
<br /> " � provislons of any lease if�his Secu�ity i��strum:.ni is on a leasehold. Tf the Pmnertv inclades a unit in a condommium or a I ,
<br /> . � pi,uwu;lait dc�clopm:z:a,Tnistor w►II Qerform all of Trustor's duties under the covenants.by-laws,or regulations of the
<br /> condammium or planned unit developmcnt. �
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