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<br /> �. All futurc advances from Lcnder to Grnn tor or othcr future obli�atians ol Urantor�v iwuuc:�u��dc�Na�r:c^:!°.�^., -_
<br /> note.contxact,gueranty,oi•other evidencc af debt cxccut�d by Grantor in favur of Li:ndcr executed nfter this
<br /> Securtty lnstrumsut whether or nox th(s Securiry Instrument is speciGcally rcfcrenced. If more then one person
<br /> signs this Securlty Instrument,�ach Grantor agrees that this Security lnstrument will sccurc:all future advances ar.d
<br /> future obligations that ace given to or�ncurred by any one or more G►antor,os any onc or murc Grantar and
<br /> others.All future advances nnrl other future obli�ations ara secured by thi�Sccurity lnstrumcnt evcn tho�igh a!I or �
<br /> part may nvt yet be advanced.All futurc advanc�:s And other future obligations are sccured ns if madc on the date
<br /> of this Se¢wity Instrument.Nothing in this Security Instruinent sha11 constitute a cammItment ta make addttional
<br /> or futwre laans or advanees in any amount•An9 such cammitment must bc agreed to►n a separate writIng.
<br /> C. All obligations Grantor owes to L.ender.which may later artse,to the extent not proh�bited by law,including,but
<br /> not limited to.IlabIlities far overdrafu relating to any deposit account agreement between Grantar and l.endwr.
<br /> D. All additional swns acivan�ect and eape nus incuned by L.ender for insuring,preserving or alhenvisc pratec:ting
<br /> the Property and its vulue and any other sums advanceci and expenses incurred by Lend�r tuider ih�terms of
<br /> this Security Iastnuaent.
<br /> This Security Insirument will not secure a�ay oth�er debt i�Lender fails to give any required nodce of the right of rescission.
<br /> 5. PAYM�I�f'Y`�.Grantor agrees that alI payments undcr ihe Secured Debt will be pald when due and in accordance
<br /> with the ter�ns of the Secured Aebt and this Security Instrwx�ent.
<br /> 6. WARRAIV'l'Y OF 11TL�.Gcantor warrants that G�antoc ls or will be lawfully seized of thc ostate oonveycd by thls
<br /> . Security Instrument and hag the right to lrrevocably Rrant,canvey,and sell the Prapetty to Trustee.in trust,wlth
<br /> pc�war of s�Ie.C3rantor also wanantt that the Properiy is unencumbBred,except for encumbrancc�s ot'record.
<br /> 7. P1tIOlt 9�C11R1TY IrTi'E11ES15.Wich reBard to any other mortg,t�ge.deed of trust,security agreement or other lien
<br /> .document tttat c:eated a prior security interest or encumbrance on the Proporry,�rantor agrees:
<br /> A. To make all payments when due and to perforrc�or comply with all covenamt5. _
<br /> B. To prompdy daliver to Lender any notices t6at Grantor receives from the holder.
<br /> • C. Not to aUow any modi5cation or extensan of,nor to request any future advances under any note ar agreement
<br /> secured by the lien doeument without Lender's prlor written consent.
<br /> 8. CLAYMS AGAaVST TITLE.Grantor will pay all taxes, assessments, liens,encumbrances,lease paymepts.gtound
<br /> rents,udGties,and other chazges relattng to the Property when due.Lender may require Grantor to provide to Lender
<br /> ooples of aU�notices that such amounts are due and the recei�ts evidencing Grantor's payment. Grantor will defend
<br /> ride to the property against any claims that would impair the�en of this Security Instn�ment.Grantor agrees to as�i$q.
<br /> to Land�r,as rcquested Dy Len�er,any righis,ciaims��d�te��ses Gra�':tar may tsas�c agaist�,S psrtie°:uha s�gFl;Lbvr �
<br /> or matertals to maintain or improve the Property.
<br /> 9. pUE ON SALE OR ENCUMBRAIVCE.Lender may.a�its opiion:declat�the emti�e balance af the Secured Debt td •
<br /> be iaunediately due and pflyabte upon the crFation of.or contract for the creatlon at,any Gen,encumbXpnca.transfer
<br /> or sate of thv Prupeity.'fhis ngt►t is subjecc to thp restrictions im�sed by fedorallAw(12 C.F.R.591),as appl'�cable.
<br /> '�is covenant shall run with the Property and s�all iomain in effect until the Secw'cd Dabt is patd in fuil an�d this
<br /> Security Instnuneat is released.
<br /> lA. PROPERTY CONDIT[ON,ALTERATIONS ANA 1NSPECT[ON.Grantor wiU keep the Property in good
<br /> coadition and make ap repairs that are reasonably necessary. Grantor sheli not commtt ar allaw any waste.
<br /> impairmoqt,or deterioration of the Property.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of thc oacupanry and use will not substantially change without Lender's priar wntten
<br /> . vonsant.Grcmtor wiU not pemut any chanse in any license,restric�Uve covsnant or easement withQUt Lepder's prior
<br /> wdtten conr,en�Gtantor will notify Ltssder �f aIl demands,pEOCeedin8s,ciuims.and actions against Grantor.and of• .
<br /> , any luss or damage to the Prc�percy. '
<br /> ' Lender or I:ender's ag�nts may.at L.ender's option.enter the Property at any reasonable.tLne for tbe purpcu�of
<br /> - iasptcting xhe Property. Lender shall givc Grantar notice at thc time of ar before.an inspection spacifying a
<br /> reasonable purpose for the inspection.Any inspection of the Property shall be cntirely for Lender's t►ene�t and
<br /> Graator wiU in no way rely on L.ender's inspecdon. •
<br /> 11. AU1'HORITK TO PERFORM.If Grantor faila tq perform any duty or any ot the covenants contained in this •
<br /> Security Insuu�nent,Lender may,without notice,perform ox cause them to,lfe pertormed.Grantor appoints I.ender
<br /> ag att�mey in fact to sign Grantor's name or pay any amount nGaPssary fox�perf'arrnance.I.ande�'s right to pedorm for
<br /> Grentor shull not create an obligation to pedorm,and Lend�r's failure ta perfortn will not preclude Lender from
<br /> exercising any of Lender's other rights under the law or thas S�curiry Instnuuent.If eny construction on t6e Propertp i�
<br /> discondnued or not carried on ia a reasonable manncr.Lender may take all steps necsssary to protect Lender's •
<br /> sccurity interest in the Property.iacluding oompledon oE the ca�fstruction
<br /> 'L2, ASSIGNMENT OF LEASES AND REN'CS.Grantor irrevocably granta,cc►nveys end sells to Trustee,in trust for the
<br /> {�efit of Lender,as addltionel security all thc right,title and interest in and ta any and all axisting or futurc leases,
<br /> ' s��,Y,�ises,and any other written o;vetbat agcements for the use and occupanry of any portion of the Property,
<br /> ,, ua�f;;�.11i�n;any extensions,renewals.fnodifications or substitutians of such agreemenls(all referred to as"Leases")und
<br /> r,�k�t��s;,,:s.v�es and profits(all refened�to es "Rents").Grantbr will promptly pravide Lender with true aad correst
<br /> ' �t:q�:.�c�?all exisring end[uture Leases.f3rantor may.callect,tecelve,enjoy+and use the Rents so long as.Grantor is not
<br /> ' in�d�'.#��ih under the tamis of this Securiry InstrumenY.. ' • .
<br /> C}r.►n.u.c,v aEaluiowledges t�tat titia;msi�tment is perfected upon�the recoruing of this Dced of Trust and that ixnder is •.
<br /> enm:lhd tso•notify any of Grnntor's tvsnants to make naymeo;c of Rents due nr to become due to Lender. Howev�c, �''� :
<br /> L.cndcr agrees that only on default will i.cnder nodfy G��i�tor verd�Grantor's tenants and make demand that all futt}re .
<br /> Rents be paid directly to Lender.On receiving not7ce c�f`•d�tfault,Gmntor will endorse and deliver to Lender a�y
<br /> __,�.�n......,:..........,b.�,n� in�nn�ot fnr i nndnr and urill nnt mmmitivle tlle
<br /> paymenc oi nents in irranioi�pc��ia��a��..��••••.•.•,•.,..•-•� ....•.-. ._--- --- ------ -- .
<br /> Rents with aay other funds.Aay amaunts collected �vfll�re ap}+Ifud'ab p�x�vid�sd in this Security Instrument.C}rnntn�
<br /> wam�nts that no default exists under the Le�ses or any appl'u:,.-►Ltli�landlord/tcnant•lu+v..Cirantor also agrces to maintai��� .
<br /> c�nd require any tenant to coroply wiih thc terms otthc Le�es und appliable law. � -�
<br /> 13. LEASEI� C�QNDOMINIUMS:PLANN$D t11V1'I'DF•VELOPMENTS.Grantor agrees to comply with the
<br /> — provisionSot�lcase if thi�S�ecUriry Instrament is vn a leasehold.if the Property iacludes a unit in a c:ondominium
<br /> or a planned unit duvelopmcnt,Grantor will perfqrm al� of Grantor's dutics under thc covcnants.by-Iaws, or
<br /> regulations of the condominium or planncd unit develOpm'ent.
<br /> 14. DEFAULT.Grantor will be in ckfault[f any pariy obligated on the Sccurcd Dcbt fails to makc payment when due.
<br /> Grantor v�ill be in defnult it a brcach occurs undcr the lenns of this Securitg lnstrument or Emy othcr documont
<br /> (pap�?d�)
<br /> Ot/i�Otlrn6Yw�e�.NC.81-C1ou41AN11�104J1�•7H1�amRE-0T�NEN�w . —
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