|
.I� �r
<br /> � .. /. • . • _ . ... r... , - .. . ._-��' . ;°i�'.
<br /> - *!----'-�:"_ ' ._ _-
<br /> T., . .m...e' . . . -. .... "'_'
<br /> �_ti._�.Si�_
<br /> �
<br /> .. `�{��;�,—
<br /> g ��' ���'�� � ._
<br /> B.All future uQvuix:",n����t,Btut�i ty,�i�r ut�Ir ev dence��hf drht exa:te�d by Tru,tor iiyfavor of Baneficliuy���� ' �;
<br /> ' ; promisu�ry�x�te, B ,
<br /> ' �ftn���h�i��iy iliiy Security�I�tWrun iu��r.:u:h Trusw�r agre�ntl�at�this iSu��unty�l�uirun e u�w Il �LUr�all�lfuture
<br /> bdvaix:e�K�xl futu�e ubli b�aduiu���hervfuture�ohli��ti�,iJ xYre��:ar�I�by�dlis Se�:uriry I L t�rw�,ent eveii�thuugt� All . _�,
<br /> � ancl other�. All fuwrc advaix.e .
<br /> , ur�,��►�iay!�z�nstruin�in.��Nadiing'iu tliis Secuii[yyfnaicu�ucru f I�13r.`1hl�ptule ay arc,mimentto�m•rke addit��al ar j' •i':T:
<br /> t. } uf[his Secun y �
<br /> �,;..
<br /> r�i'� ��..
<br /> future loxi�.�or advnncrs in�►ny amount• AnY such canm�ltnient must be agre�i to in a separate writin�.
<br /> ...»•er�' S C.All obligatian5 Trustor��wes to Hwnefie'�f�Whrcldtiiig to�any�depnsit� aLCiiuiit �gr ement��between Trustat��aMl � :±�_
<br /> ....,,.�NY � but not limiteci ro, liabiliriG� for o __._� "
<br /> �,�,._
<br /> B�neflciary. �T-;:"—
<br /> D.Al l a d d i a o t w l s u n�s a d v a►x;rd and eapenses�ncune�l bY B���ficiiry for insuring,ptr,seiving or otherwise prutec:tin}� F, �
<br /> e
<br /> ` the Property a�xi i�ti value and any otber sums advaix:ed:uiJ e x�e�u e s i�n;u r r c c l b y Baneficia ry under thr terms of chi,
<br /> ' S�c'urity Instnunent. _��
<br /> a �~�4
<br /> • � This Security Insm►ment wiU nc�t secure any ather deht if Benefici:uy fails ta give uny reqtured natic� of the ri�ht of r-"
<br /> rexirsi�m.
<br /> ' S. PAYNIENTS•Ttus����b'T�'�at�11 payntenta under the Secured Debt will t�paid when due and in ac�:otdancr wlth ttte Y�_
<br /> tecros of the Secun.�l�b��►d this Secunry bistcumene.
<br /> `.• I 6. WA[tIItA.N'CY OF Ti'1'L.E. Tmstur warrants that Tn�ror is or �sell�t��P[o�enyo Tn�teee in�tn�nwih pobwer�vf
<br /> � Securicy Iasaument and has the ci�ht to irce�oc`b�lY��an�t,�w.exycepc for encumbrsnces af rc�:ord. _---
<br /> sale.T�ustor also warrants that ti�e Fruperty Y.
<br /> der.d of uust. secwiry aSre�ment or otber lien
<br /> �, pIt10R SECUIt1TY IIVTEItES'TS• Wid� rr$arJ �°:�Y°�Nr mortgage,n Ttusror agrees: � --
<br />' � docum$ut that cr�teci a prior security interest or encumbrauce on the Prope Y. --
<br /> A.To tuake all pxyments when due aud to�b m a°a�Tc�u.�stor rece v�es fro��holder.
<br /> B.To prompdy deliver to Benefic�ary a�►y —
<br /> C.Not to allow any modificadon.or extenslun.of, �nor w�r►tteA�conYSent�re advances tu�der auY n��e or agreemeu _
<br /> � secured by the lien document vuithoat Be�Hclary's p' lease paYments�Bround rents,
<br /> wre Trustor to provide to Bereficiary
<br /> 8. CLAIMS AGAIlVST TITLE.Trustor will pay a11 r�hea�u�Bene�ic li�uy m Y�Q���nt.Trostor will defead tide to
<br /> � I utilides,and olher cUatges m�ating tn t1►e Property g
<br /> � copies of a�kt notices thac such amounts are due and the receipts eviden�iuS Tcustor s paym es who su 1 labor
<br />- - � o��r►y againsc anv claims that would impair the liea of this �c�co�r mav_�kavz agai��t�partiagrees to pp� n to
<br /> Beaefic� .as requestcd by Benericiary,any rigtiw,ctaitus or tlefens�
<br /> � or mated�s to mvntain or improve the Propercy.
<br /> � 9. DUE ON SAI.E OR ENCIJ1bBRMn�e�m.�aq��uaof or coutraccfor�ttic c�reaUOn of nan ten.�e�b anc,e�pf0lLis
<br /> IJ
<br /> : . . be icnmediately due and PaX P� .
<br /> ssile af the PropenY• :Ihis nght i��J��sl�tli r maia in eff�u��ubythe Secured Debt is pa�'�d[nlf 11 aud ttus Securicy
<br />�•,:. covenant shall nw vvtth the Pro
<br />_,'•�•,; . Inspvment is celeased.
<br />_ �;� , in oocl candidon
<br /> I::, .; •. , ent. or
<br /> _zr;�_ 10. PROPERTY CO1�iEDITiON, ALTERATIONS AND 1T�oC��N•� ���ll°��1�,�;�y wasce' 1mPai��t the
<br /> and make all npairs that ue teasouabiy nt:cessary Tnutor a
<br /> � Pro n Tnutor will keep the ProPe�Y free of noai�us weeds and gr+sses. g�
<br /> deterioraaon of th Ix Y•
<br />�-�;•�i�. .'•`.¢'� ; .' nature of the oc:cupaacy�nd u�e wnU not substanGally chwge without Beneficiary's prior wn���o�At�Tnts ollw1U
<br />�.�;;---;a �._� pe[+nit Yay change in any licens�,restrioeeedingse�lain:s ��and actio s�agunst Trus�,sa�d of aay loss or damaBe to the
<br />�,-�K!�.�w �fy Beaeficiary af all demands. P
<br />:=r '_� PropertY•
<br />--='��,w�,. • rt at any reasonable dnne for the pumose
<br /> •:,...... ary �c�fy
<br /> :�:�; Beueficiary or Beneficiary's agents�uay.at Bene►vice T�ustoraaodcetat�e dmpe of or.befare an iaq�ections bepefit�swd
<br />�:�', � ,..., �e Property.Be►�eficiary s1�a11.g' �(1 be enarely for Beneficiary
<br />�_�, .. , uon of the Property
<br /> x:• . °��e purpOSe for the taspxdun. My, «sp�n.
<br /> - Ttusror w�li in na�wry rely on Seneficiary's�aspec
<br />'-'�-'�~ il. AUTHORITY TO PERF�RN�. It Tcustor fails to per�omi any dury or anY of the covenauts canutined'u►this Security
<br /> �Y.4�.� , [��nt� Beneficirry may. without notice. Perfor�a or cause them oT �cforuiance.B�n ficiary�s�Sht t�pe.rform for
<br />�t+. attorney in fact to sign TNStor s nanie or pay atry ama��t�ss'�ry' p�
<br /> �. Tn�aYOr sluU not crate au obl�gadon to perfocm,and Ben�6�iuY's f�af'ilu�e to perform w�ll uot p�clude Benehc�ac!'�m
<br /> m
<br /> -�.'�� ....... to rotect B�nef�ciary's
<br />_- � �'-K•;'" exenirin�mY of Bet►eficiuy's other rigtits w�der che�aw ot this Securicy Instrun�ent.If any consuucdon on
<br />�l�.,�.-• is disconanned or not carrial on in a reasonable�uan�r.�►�ficiuy m�y �e �1 steps necesaarY P
<br />-. .. � . secutity interest in the Properey,including compledun of the cocueYUCaou.
<br /> 12. ASSIGNl1�NT OF LEASES AND REN'fS. ihe ri h ade and in�rest u and to any sud all exi ang ornfuture I�eases.
<br /> r bene6t of Beneficiary. as addidonal security�Il B u i�luding
<br /> • �b����nd zny other written or verbal agn�n�enw for the uye wc!occuPanc of anY po�on of the PropetiY��
<br /> any eateatiionti,renewals,mocfification�ur rubtor vv�'�Il��n�a�pdy�uv�'� Benefic�afer with true and COtrect co pi�e.�s o5f all
<br /> : ancf profia (�ll nKrr�.'d to as 'Renc�'). T P ry _-
<br />-. eaisung and tucunt L�.�es.Trustor nuy collcw:t,n�.'eive,enjoy��►�'Rents so long�Trustor is not ia default under
<br /> ; � the temu of this Sctiuriry ku-cTUnient. �;
<br /> However, `�
<br /> Trw-tor a�:lnwwledge� th�t diis�ignment i�perfected upan the re�:acdinS of this Dneci uf TnL,t and that Beneficiary is _
<br /> � � eudded tu �wtify wy of Trustor's tenu►ts to nuke payment of Rents due or to be�ume due to Beneficiary.
<br /> . .,.,. � I � Beneficiary xgrees that only on deFiult will Bet�e�i�viry ncNi�f�ietf�ult Tcw or�will endot�e and d l v e t��nficixry �
<br />- . � � flltlllC RCIltS IfCp�u d dir�tly to Beneficiary; On re�.r �►g
<br /> �. � � anv navmrnt uf R�nt�_in Trwroi s possea�wn a►x�w!�re��n►,�naynolied as Druvided in thfi������eninT,or
<br /> .,�o.n iwl '-
<br /> _- _ � the Reius with any uu►er iund�. f,��r :�«:,•:�••�...�.-- .--- ..,°•
<br /> ; warrjnts dut►xi dePault exi�ts u►xfer the Lraae�ar any applirable luxtlutdltenlnt law, I NSTOi a��►a8��"'°»�..---.--
<br /> ' reyuirc iny te�uit tu wmply witt►die temi�of the L.e�ases uK1 applicable law. widi die �
<br /> .
<br />_ '� 13. LEASEHQLDS; CONDOl112N1U111S; PLANNED UNIT DEVELOPDIENTS. Tcwtor a8n�. �� �uNPly, ■
<br /> . provi�iurv of a�iy lea�iF thi,Se�:urity I�Uttwnent i�un a Ie:Gtiehold. If die Propetty iix:ludes a law�n or�rc•u�atiutuu'nuf�the
<br /> . � pu�1xl�n►i un or p uu�1 uiu�uilevelupi,tir�rfanu all of Tcustur'�duties uixicr the c��vrnant,. by-" b
<br /> + f a�
<br /> I � _
<br /> _ ,
<br />— I I C 1Q9���M�S�atems.�n:.St Cku7.Mt1 �t�00]97 27tti ic�m R�pT KE i 19 5B • -
<br /> � �
<br />� I
<br />. ,� �
<br /> .. � . __.. ._ __. r:. ' .
<br />
|