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<br /> B.All fumrc advances'from Beneficiary to Trustor or othcr fuwrc obligationg c�f 'Pruswr tu Fieneficiary undcr +my I
<br /> promissory no[e,contract,guazanty,or othcr evidence of debt eaec�eted by Trustor in fnvor a f Deneflcinry executed _
<br /> after this Security Ina[rument whether or not this Securiry lnstrument Is specificnlly referenced. !f more thnn one _
<br /> person signs this Security Instrument, eACh Tcustor agrees tl�at this Sccuriry instrument will sccure all future _
<br /> advances and future obligattor�s that are givcn to or incurrcd by any ona or more Trustor,or anyane or more'Tn�ator �.;:-
<br /> and others. All future advnnces and other tuture obligetions are secured by this Security Inetcument even though all
<br /> ; or pan may not yet be advanced.All future advances and other fun:re obligations are secund a�if mnde on the date _
<br /> of this Security lnstrument. Noching in�his Securiry Instrument sliall consutute a commitment to make ndditional or __ __
<br /> �� future loans or advances in any amount.Any such commitment must be agrted to in a separate wnting. -
<br /> _... ��but noltglimiced tos�li bil ties fornovcrdrafts hre ating toteany ideposithaccoune agr c ent{�betwyeen Tn�tordand
<br /> ,. .,, •, Beneficiary. • ,
<br /> D.All additional sums advanced and expenses incuned by Heneficiary for insuring,preserving or othenvlse protecting
<br /> the Property and its valuc and any other sums advanced and expenses incuned by Beneficiary under the terms of this =
<br /> Security Instrument. -_
<br /> This Security Instrument will not secure any other debt if Beneficiary fails to give any required notica of the right of '
<br /> rescissIon.
<br /> 5. PAYMENTS.T�ustor agrecs that all payments under the Secured Debt will be paid when due and in accordancc with the
<br /> terms of the Secuted Debt and this Secunry Instrumen[. `'
<br /> 6. WARRANTY OF TITLE. Trustor warran►s that Tn�stor is or wlll be lawfully seized of the esute wnveyed by this
<br /> Security Insuument and has tha ri�t to irrevocubly grant, convoy, and sell the Property to Trustee, in trust,with power of _
<br /> sale.Trustor also warrants that the Property is unencumbereJ, except for encumbrances of record. _..
<br /> 7. PItIOR BECURTI'Y INTERF.S'I'S. With regard to any other raortgage, deed of trust, security agrcerncnt or othcr lien
<br /> ' , document that crcated a pdor security intereat or encumbrance on the Praperty, Trustor agrees: _
<br /> A.To make all payments when due and to perform or comply with all covenants. -
<br /> B.To promptly deliver to Beneficiary any notices thac Trustor receives from the holder. (::
<br /> C.Not to allow any modification or extension of,nor to request any future advances under any note or agreement ,
<br /> • ,.;�• secured by the lien document wl[hout Beneflciary's prioz wntten consent.
<br /> �• 8. CLAIMS AGAINST TTfLE.Trustor will pay all taxea, assessments,liens,encumbrances,lease paymcnts,ground rents,
<br /> utilities, and other charges relatin� to the Property when due. Beneficiary may rec�uire Trustor to provide to Beneficiary
<br /> copies of all notices that such amounts aze due and the receipts evidencing Truscor s payment. Tn�stor will defend title to
<br /> - �� g=nz�cisr�s�gr�e�stsi_�byc�genrfihfnry>�ny righpis�cla�imsior d�fensies 1Yusto�maythavle againslt panies hw o supply labor
<br /> or materia�s to maIntain or improve the Property.
<br /> � �;'• 9. DUE ON SAI.E OA ENCUMRRANCE.&neficiary may,at its option,declare thc entire balance of the Socured Debt to
<br /> be immediately dur,and payablo upon the croation of,or conuact For the creation of any lien,encumbrance.trAnsfer ot
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<br /> 1� sale of the Proparty.Thia n c is subject to the restdctious imiwsed,by federal law (12 C.F.R.591, as applicable.Tbis
<br /> , covenant shall run with the�roperty and shall remain in effect until the Secured Debt is paid in�1 and this Securiry
<br /> � Ingtrument is released.
<br /> 10. PROPERTY COIVDITYON, Ai.T�RAT'IONS AI�:D IZ`:SP�Cd'ION. Trustnr will kce�the Property in Eood conditinn _
<br /> and make all repairs that are reasonabiy necessary. Trustor shall not commit or nllow uny waste, [mpairment, or
<br /> deterloration of the Properry. Trustor will keep the Property ftee of noxious wceds and grasses. Tn�stor agrees thac the
<br /> nature of the occupancy and use will not substantially change without Beneficiary s prior written consent.Truator will rwt
<br /> • p�rmit any change in any licenae, resaicdve covenant or easement without Beneficiary's prlor written consent. Trusror wUl
<br /> y notify Beneficiary of all demands, proaedings, claims. and actlons against Tcus[or, and of any loss or damage to t�e =
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<br /> � Bencficlazy or&ncficiary's agents may,at Beneficiary's option,entcr the Property at any reasonable time for thc purpou ;;
<br /> ' of ins ttn the Pro ct . Beneficiary shall gjve Trusror notice at the time of or before an iropextion spoc[{y ing a
<br /> ' i reasonable purpose foiethe inspection. My inspection of the Properry shall be entirely for Beae�'iciary's beae�it and ��
<br /> Trustor wili in no way rcly on Beneficiary's inspection, �`
<br /> ,� I1. AITfHORITY TO PER�DRM. If Trustor faits to perform any duty or any of die covenants contained in this Securiry ��.
<br />� Instniment, Beneficiary may, without notice, perform or cause them to bepe rformed. Trustor aPpoints Beneficiary as �-
<br /> � attorney in fact to sign Tnistor's name or pay any amount necessary Cur performance. Beneficiary s right tope rform for ��
<br /> Trustor shall not create an obligation to perform, and Beaeficiary's failure to perform will not pralude Beneficiary from � _
<br /> . exercising any of BeneFciary's other dghts under the law or dtis Securiry Instniment. If any construction on the Prope� �.:-
<br /> . �, is discontinued or not carried on in a reasonable manner,Beneficiary may take all steps necessary to protxt Bcneficiary s r^_'
<br /> , ; , secudry interest In the Pcoperty, including completioa of the wnstruction. _
<br /> ' `� 12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grants, conveys and sells to Trusta, in tcust f�r the ��,�.v
<br /> ' : benefit of Beneficiary, as additional security all the right,title and interest in and to any and all existing or future leases, -�,r;�r
<br /> ��• subleases,and any other written or verbal agreements for the use and occupanc of any portion of Ihe Propeny. includiag =�
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<br />- • +►� any extensions renewals,modifications or substitutioas of such agreements( 1 refened to as"L.eases")and rents, issues �••� •.
<br /> • � and profiu (al� referred to as "Rents"). Trusror will promptly provide Beneficiary with true and correct copies of all �;��`�.
<br /> existing and future L,eases.Trustor may collect,receive,enjoy and use the Rents so long as Trustor is not in default under
<br />:, the terms of this Security Instrument. :
<br /> � Trustor acknowledges that thls assignment is perfected upon the recording of this Deed of Ttust and that Beneftclary is
<br /> � ent{tled to notify any of Trustor's tenants to make payment of Rents due or to become due to BeneCiciazy. However
<br /> Beneficiary agrees that only on defaulc will Beneficiary notify Trustor and Trustor's tenants and make demand that al�
<br />- future Rents be paid directly to Beneficiary: On receiving notice of default,Trustor will endorse and dellver to Betteficiary
<br /> any payment of Rents in Trustor's possession and will receive any Rents in trust for Beneficiary and wlll not commingle
<br />=: the Rents with any other funds. Any_amounts collated will be a�plied as provided iT this Secumy Instrument�tTIU��O�
<br /> ' - warrants that no defauit exis[s under uie ieases or any appiicauic ia�ww�uiici�mu�a... ..00..�. �+..��•6..v..•.�.•---»»----- -_ --
<br /> -� require any tenant to comply with the terms of the Leases and applicablc law. �
<br /> 13. I.EASEHOLDS; CONDOMINIUMS; PLANNED iJN[T DEVELOPMENTS. Trustor agrce.+,to comply, with the `
<br /> provisions of any lease if this Security Instrument is on u leasehold. If the Property includes a unit in a condommium or a �
<br /> planned unit development. 'Trustor will perform all of Trustor's dutics under thc covenants, bylaws, or regulations of the
<br /> condominium ar pluincd unit development. �
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