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<br /> � li. AU futurc adv�mcc�fr��m LAndcr t�>Gruntor ur othcr futum uhligatiuns u[Gramor to ndcr un cr uny pninussory _
<br />. �. � nutc,cumrnct,guaranry. or othcr cvidencc of dcbt cxecutcd hy (irantur in tav�r of I�ndcr cxccutcd aftcr this
<br /> ticcurity Instrunicnt whclhcr ur not this Sccurity Instrumcni iti sE?acifically rcfrr�nccd. IE morc than unc Ex:nun
<br />_ ,� sigm this S�:curity Instrumcnt,c�ich Grantor agrces that this Scrurity Instrumcnl will�ccur�.dl tuturc advanccs i�nd
<br />_ '�;, futurr ohliga�ions that nrc givcn to ur incurred by.u�y onc or mor,: C7r:+ntur,or any one or m��rc Grantor and
<br /> uthcn.All futun ridvnneeti and othr.r PWurc abliEations are srcurcd hy this 5ccurity Instrument cven thuu�rh aU or �,
<br /> part mny not yct hc advanccd.All futurc advanccti and othcr futurc uhligatiuns are sccund as it maJc un►he Jnt�
<br /> - - • ot this S�:curity Instrumcnt.Nothing in this Sccuriry Instrumr.nt yhall constitutc a cummitment tu makc.�aa�u�����i
<br /> � ur futurc luaus ur advanccs in any amount.Any such commitment must Lx agrccd to in a scparatc writing.
<br /> °-- :-�— C. All ubligati��ns Gruntar owcs to Lcndcr,which rriay lutcr arisc,W thc cxtcnt not pruhibitcd by law,including,but
<br /> � nut limitcd to,liahilitics for ovcrdrafts rclnting to any depusit accuunt agrcrmcnt Nctwccn Grantur and I.c:ndcr.
<br /> D. All additiuns.�l sums advanced and cx�x:nses incurred by Lendc;r for insuring,prescrving c�r othcrwisc protccting
<br /> . " the Pro�xrty an d its va lue.in d any o t her su ms a d v a n c ed and cx p�nsc�iucurred b y I.�:ndcr undcr the temis of
<br /> ��� this Sccurity lnstrument.
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<br /> This Sccurity lnstrument w=ll nut secure any other debt it l.ender Fails to give any rcyuired natice of the right af rosriss►on.
<br />--��; `�� 5. PAYMEN7'S.Griintor agrees that all payments under the Securcd Debt will l�c paid�vhen due and in accordance
<br /> ,�.�,;, with the tcrms oithe Secured Dcbt and this Security Instrument.
<br /> "t:`:' b. W pR{�►N7y p�TITI.E.Grantor wanants that Grantor is or will be IAwfupy seued of thc estatc conveyed hy this _.
<br /> '��� `�• Security Instrument and has the right to inevacahly �rant,convey, and scll the Pruperty to Trustec,in trust,with `
<br /> �At`�' ' puwer of sale.Gr.intar also warrants that the Property is unencumbered,cxcept for encumbranc�s of record.
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<br /> �`� ,; :' 7. PRIOR S�CURITY INTERESTS.With regard to any uthcr mortgage.dccd of trust,sccurity agreemcnt ar other lien
<br /> document tl�at crcated u prior security interest or encumbrance on thc Property,Grantar agrccs:
<br />_'�'�'�"�'.--_ A. To make all payments when duc and to perform or comply with all covenants.
<br />.•��..• B. 'Co promp/1y deliw.:r to Lcnder any n��tices that Grantor rcccives froni the holder.
<br /> �;_-,� C. Not to alluw any modi�cution or extension of.nor to requcst any futurc advnnccs undcr any nate or agreemcnt
<br /> --�- secured by thc licn document without Lender's prior writtcn conscnt.
<br /> -r'��`= -- 8. CLAIMS AGAINST TITLE.Grantor will pay all taxes,assessmcnts, licns,encumbrances,lease paymcnts,ground
<br /> -��:+`��� rents,utilitics,and othcr charges relaling to the Property when due.Lendcr may rcquire Grantor to providc to Lendcr
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<br />' �.�� copics of all notices that such amounts are due and the receipts evidencing Grantar's paymenl.Grantar will defen
<br /> ��_� title to the Propeny against any claims that w�ould impair the lien of this Security Instrument.Grantar agrecs to assign
<br /> _�-,�� to I.cndcr,as reyuestcd by Ler.der,any nghts,ciaims or de{cnscs Grauiu, �iiay ia�� againsi�.^�.ii�s::�l:a su��l;la��
<br /> �� or matcrials to maintain or improvr,thc:Property.
<br /> — 9. DUE ON SALE OR ENCUMBRANCE.l.ender may,at its option,dcclan:thc cntirc balana:of the Secured Debt to
<br /> be immediately due And payable upon the creution of,or contract fur the creation of.any lien,encumbranx.transfer
<br /> or sale of the Property.This right is subject to 1he restrictions imposed by fcderal law(12 C.F.R.591),as applicable.
<br /> -- -- This covenant shall run with the Property und shall remain in effect until the Secured Debt is paid in full and this
<br /> Securi�y Instrument is released.
<br /> 10. PROPERTY CONDITlON,ALTERATIONS ANU Ilv5l'�i.iiGiv. G�x��tor u��lt kccp thc Property in o�od
<br /> condition and make all repairs that are reasonably nccessary. Grantor shall not commit or nllow eny waste,
<br /> impairment,or detcrioration ot thc Property. Grantar will kccp the Property(rce of noxious wecds and grasscF.
<br /> Grantor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written
<br /> consent. Grantor will not permit any change in any license,restrictive covenant or easement without Lc:nder's prior
<br /> written consent.Grantor will notify Lender of all demands,proceedin�s,claims,and actions against Grantor,and of
<br /> any Ioss or damagc to the Property.
<br /> Lender or Lender's agents may, at Lender's option,enter the Property at eny reasonable time for the purpose of
<br /> inspecting the Property.Lender shall give Grantor noticr, at the time of ur bcfore nn inspuction specifying a
<br /> reasonablc purpose for the inspection.Any inspection of thc Prop�ny shall be entircly for L.endcr's bcncfit und
<br /> G►•antor will in no way rely on Lender's inspection.
<br /> Il. AUTHORITY TO PERFORM. lf Grantor fails to perform any�duty or any of the cuvenants containcd in this
<br /> _ Scrurity Instrument,L.ender may,without notice,perfonn or causc thcm to bc performcd.Grantor appoint5 Lcnder
<br /> as attorney in fact to sign Grantor's name or pay nny amount necessary for performflnce.Lender'.s right to p�:rfurm for
<br /> ---- Grantor shall not crcate an obligation to perform, and Lcndcr's failure to perform wiU not preclude Lcndcr from
<br /> excrcising any of l.cndcr's other rights under thc:law ur this SecuritJ•lnstrument.l(any cunstruction on thc Property is
<br /> discontinucd or not curried on in n nasunable manner, Lender may take all steps ncccssary to protect L.ender's
<br /> _ _ security interest in the Praperty,including complction of the construction.
<br /> - 12. ASSiCNMENT OF LEASES AND REN'fS.Grantor irrcvocably grtints,conv�ys and sclls to Trustcc,in trust fur the
<br /> _ns�.;` bcnefit of Lender,as�dditional sccurity 111 thc right,title and interest in and to any and all cxisting or future Icascs,
<br /> �s"� subleases,and any other written or verbal agrcemcnts for the usc r�nd occupancy of uny pc�rtion of thc Property.
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<br />__k��,r,,�, . including any extensions,renewals,modi�c�tions or substitutiuns of such agreements(all rcterred to��s"L.rxses')an
<br /> .:::,�F�•,,:,,r, rents, issues and profits(all rctcrrcd to as"Rents"). Grantor will promptly providc I..endcr with truc and correct
<br />-_,�:,�:_y;;,;�; �upics of all existing and tuturc Lcascs.Grantor may collcct,rcccivc,cnjoy and usc thc Rents so IonN as Grantor is not
<br /> _._�'��-�'"� in default under the tcrms of this Securiry lnstrument.
<br />_c°.sa��M,�;�-�r:, Grantvr ueknowledges that this assibnment is perfectcd upon the r�curding of this Dccd of Trust and that l.cndcr is
<br />-'��;�#.'�'�*-""� cntitled to notify any of Grantor's tenants to makc paymcnt of Rcnts duc or to hccomc duc tu Lendcr. Howevcr,
<br /> vr:y���� Lcnder agrecs that only on default will Lender notify Grantor and Grantor's t�nants nnd make demand that all futurc
<br /> Rcnts bc paid directly to Lendcr.On rccciving noticc of default,Grantor�vill endorsc and dclivc;r tu Lcndcr any
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<br />_� '�T��!' payment ot Rents in Cirantor's pouessior.and�viii receivc any iccni5 in i�u�i i��r������c���� �����•:•:-�••��:"r•�
<br /> �� ^ Rcnts wilh an�othcr funds. Any amounts collcctcd will bc applicd as pruvidcd in lhis Sr,rurity Instrumcnt.Grantor
<br /> "'� " � warc.mts that no dcfault cxists undcr thc Lcascs or an a licablc lanJlord/tcnan�law.Grantur al�o agrccs tu maintain
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<br />-,:� ;,� � . and reyuire uny tenant to cc>mply with thc tcrms of thc Lcascs and applicublc law.
<br /> ' 13. LEASEHOLDS;CONDOMINIUMS;PLANNED UNI'i'DEVELOPMENTS.C'irantor agrccs to cumply with the
<br />- � provisi�ms uf anv Ic�isc if this Security Instrumcnt is on a Icxschold.If thr Prc�perry inrludcs a unit in u condominium
<br /> or a planncd unit dcvclupment.Grantor will prrform all o(Grantur's dulics imder thc ruvrnants, hy•laws,ur
<br />�` rcgulations of thc condominium ot planncd unit drvclopmrnt.
<br /> ' � 14. U�FAUL�'.Grantur wiU hc in dcfault if�my party uhligatcd on tltr tirrurcd Ucht fails tu m��hr paymrnt �vhrn dua.
<br />` ` "` Grantor will hc in dcfault iF a hreach uccurs undrr thr tcrn�s uf this Securit}•lnstrumrnt ur any uthcr documcnt
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