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<br /> l3. All fulurc i+dvuncrs trum L.cnJcr tu(;ranturar utlicr tuture ui1�l,�+l����tlur'in'�irv��'�f�L�nd�I��c���u�'�1r��(lcr,llliti .
<br /> n��ta cuntract.guaranry. ur uthcr cviJ�nce u1'dcbt cxccut� y ,;.;.
<br /> Sccuriry lnsirutn�nt whrthcr or nul thin Sccurity Instrumrn�is ,Excilir�ill,� rcfrrcnrrd. If ili��r� tirin rn�c I'�rsun •^-
<br /> signs this Sccurity In�trumcnt.cach Ciranior tigrr�s Ihat this Securi►y In,trumrnt will ucurc,�II fu�urc.+�fv�utccs and
<br /> tuturc ubli�;idions that�rc given to ur incurrod by �uiy�+n�nr morc (irant��r,ur .mp un�ur m��rc t ir;intur and :.. ;=;'_
<br /> ' othcn.All futun,��vnncc�,�nd uthcr fu1 un ultli�iitiuns are ,ccurcd hy�hi,S��uri�}•In,trununt cvrn thuu�;h all�n• .
<br /> . �'y part miry not y�t lx:aJvunccd.All future uJvnnr,�y and oth�r lutwc ubligatiuu,arc y�currd:i•if madr �,n tl�c datc -�.
<br /> of this Sccurity (ntitrument.N«thing in thin Sccuriry Instrumrnt tihall cuntititutc:�rammitnunt to makc addiliunal ;Y�
<br /> ,,,,,�� c�r futurc luans ur t�dvnnczs in uny iunount.Any such cc�mmitnunt mu+t hr a�!rrcd tu in a scp�iratc writinN. , ''r^
<br /> �*+«� C. All ohlig.itions Grantor owes ta L.�nJcr, whict►may lalcr arisc.tu thr�xtcnt nut pruhihitcd h��la�v,inrluding.bu�
<br /> nut limited ta,liabilitics fur overdrallw r�luting to�my dcp���i�nra�unt a�;rcrment hclwccn(irantur and Lcndar. -_
<br /> D. All z►ddit iun�l sums advanccd z+nc! cxp�:nscs incurrcd hy l.cnJc�fur intiuring.prc�rrvin�:ar��thrn�•isr prutccting
<br /> ` lhr ProExrty unJ its valuc and any uthe:r sums adv�inccd .+nd �rP�mr,incurred hy l.cndrr und�r th�terms oC
<br /> � this Sccurity Instrument.
<br /> Tliis Security Instrumant will nat ucurc�►r+y oA�4r JcNt it Lendcr fails tu givu.tn��rcyuircd noticc of thr right ot resc�s+ion. �;�
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<br /> �, 5. FAXMEN7'S. Grantor aBrees that all paym4 ntx under thc Serure�.1 Dcbt�vill hr p�►id�vhc:n due�ind in accurdance rY
<br /> � �cith thc tcrnis of the Secured Dcbt and this S�curity Inntrumcnt.
<br /> 6. WARRA.NTY UF TITLE.Grantor warranLS that Grantor is or ���ill hc lawfulty sein:d oi thc csture cumcycd by this
<br /> Seeuf•iry [nntrun�cnt and has the right to irtevocably grant,com•ey.xnd srll the ProprrtY to Trustc�,in trust.��'ith `
<br /> pc�wer oE snlu.Grantur alxc>wanants that thc Pro�x:rty is uncncurnbercd,exccpt for c.ncumhry`cs��f rccord.
<br /> 7, PItlOR S�CUatfTY INTEItES'i'S.�'►th regard w any othrr murtgagc.dred of trust,sccurit i recmcnt or othcr licn
<br /> �� de�cttment thnt created t�priur security interest or encumbrance on the Property.Grantor agrces: _
<br /> ' A. To make all puymcnts�vhcn duc and to perform or comply with all covcnants.
<br /> B. Ta prcmptly delivcr to L.ender any not ices that Grantor receivcs frum the holder. _
<br /> • C. Not t�allu+v any mudification or extension of,nor to rcquest any future advances undcr any notc or ugrecment
<br /> securcd by 1he lien document�vithout Lcnder's prior written consent. round -
<br /> 8, CLAIMS AGAINST TITLE.Grantor will pay ull taxes, assessmcnts, liens, encumbrances,Icase payments,g
<br /> rents,utilitics,and other charges rclating ro thc Propeny whcn ciue. Lcndcr may rcquirc Granwr to pravide tu L+:nder �
<br />� copies of aU notices that such amounts arc ciue and thc receipts evidencing Grantor's payment.Gruntor will defend
<br /> title to thc Property against any claims that would impair thf lien o�fhint Sr mav have �n t p•art cs whorsupply bon
<br /> �n"` to L.ender,as requested by i.endcr,any �igii:s•cla�����o��=•=��e� ---� • `
<br /> • or materials to maintaiu or improve the Property.
<br /> '� 9. DUE ON SALE OR ENCUMBRANCE.I.�nder ma}�,at its optiors,declare the entire balance of the Secuted Debt to
<br /> be immediatcly due and payable upon theC rto the r strictionsrimposed by fecierul law(2�C.F.Rc591)ras app]enblc
<br /> ''Y� � or sale of the Property.This riP,hc ls subJ
<br /> '�, . , This covenant shaU run with the ProFerty and shall remain in effecl until the Secured Debt is paid in tull and this
<br />�""�=-� _ ,;� Securiry Instrument is released.
<br />`�'�d••.,,,�.. 10. PROPERTY CONDITION,ALTERATIONS AND INSPECTION.Grantor will kecp the Property in guod
<br /> N; condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste,
<br /> y_:�.Y������`� imp�irment, or deterioration of the Property.Grantor will kcep thc Property frec ot noxious wceds and grasses.
<br /> _-•': �''�� Grantor agrecs that the nature of thc occupancy and usc�vill not tiubstantialty change without Lender's priur written
<br /> '�•���;�` consent.Grantor will not pem»t any change in any licensc,restrictive covenant or easement without Lc:nder's prior
<br /> =�=j ry ` written consent.Grantor will notity Lender of all demands,praeedings,claims.and actions�►gainst Grantor,and ot
<br />;.r��;�? any loss or damage to thc Property.
<br /> _�_'��•�' I.cndcr or Lendcr's agents may, at Lender's optiun, cntcr thc Property at any reasonablc timc for the purpose of
<br />_'";;�;,sit'�r.
<br />- inspecting the Property.Lender shall givc Grantur noticc at thc timc of or befc�rc �in inspcctiun specify�ng a
<br />""-�� " " rcasonable putpose f��r the inspection.Any inspectiun ot the Properry shall be entirely for Lcnder's beneGt and
<br /> y.:`�"��t`�• Grantor will in no way rely��n L.cndcr's inspcctivn.
<br /> �����'t 11. AUTHORITY TO PERFORM. If Grantc�r fails to per forrn any du tY o r a n Y°f���� �°�'enants contained in this
<br /> -��?"h,;�i�
<br /> ----R-,T-�;,. S�;curity Instrumrnt,Lcnder may,without no�icc,perfurm or cau�e thcm tu he prrformed.Grantor appuints L.en er
<br /> ---_�� �is attorney in fuct to sign G rantor's name�r pay any amount necessary toc p�rforniance.I.cndcr's right to perform for
<br /> - "��� • Grantur shall not cnate an obligatio�tn perform.and Lender'�tailure to perturm will not precludc Lender from
<br /> `��"k� exercising any of Lender's uther righqs under lhc law ur this Sccurity Instrument.lf uny construction vn the Prope:rty is
<br />�. rti�r
<br /> ��.°•' ' discontinucd or not carricd on in u rcasonahlc mann�r,Lcndrr m.►y takc .ill stcps ncccssxry to prc�tcct Lcndcr's
<br />'^4•�.r��i�.',�i., •t, �i
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<br /> 3;<<, ; ,� security interost in thc Property.including completiun of thc cunstruction.
<br /> 1Z. ASSIGNMENT O�LEASES AND REN"I'S.Grantor irrcvocably gr�+nts,cunvcys xnd scUs to Trustcc,in trust fur thc
<br /> bcneCU of Lender,as additional sccurity all thc right,titic and intcrest in and tc�any and all cxisting or futurr Irases. �
<br /> . st►hlcases. and �ny othcr writtrn or verbal agrecments for thc use and uccupancy of any purticin uf the Pri�per�)•
<br />�•. • inc:luding any cxtcnsions,r�nc�val,.ma�diGcatiuns or substitutions�,t such agrrcmcnts(all re[crnd to as"Lcases') and -
<br /> rentc, issucs and profits(all referrrd to as"Rents"). Grantor�i�ill promptly pmvidc Lcndrr�vith truc and correct v
<br />;.� • �, copic5 uf all existing and[uturr Lea�es.Gr:intor may collect,rcccive.cnjuy and use thr Rcnts so lung as Grantor is nut __
<br /> . � in default undcr thc tcrms af this Sccurity Instrumcnt. _
<br /> ' S Grantor aeknow�lydgcs that this ax�it,c�ment is perfectcd upon�h�rccording of this Uccd��t Trust an�i thal Len�ier is -
<br /> �` cntiticd to notity .+ny of Grantor's tcnants w makc paymcntof Rcn:�duc ur tu bccomc duc ti�Lcndrr. How���r. r`
<br /> �'"�' L.endcr��grccs th.�t unl�•on default will L�:ndcr notify Grantc�r and(irantur's trn:�nts:�n�i mak�dcmanJ that all fuwre �,
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<br /> _ _ < i Rcnts bc paid dirccth• to Lcndcr. On rec:ci���ng.nutirc.of ci�fa�lt���;inntru�t fur L n�d�r and«ill�nut cun ni n�lc�thr �
<br /> __- -.. 1 - rvmrnt uf Rcnts m cirantor s pua,c�,����. n��� � •••-... -.., _.�. -
<br /> �i. �
<br /> � Rcnts�vith any uthcr funcis.Any amuunt�:tull�UCd��•ill hr applicd .+s provi�icd in this Scrurity ln.trumcnt.l�ranror
<br /> ��•arrants thal no cicFault�xists undcr thc I.caxs ur am•appli�ahlc landlur�l/trn;mt la��•.C�irantur abu a�!rcc>tu maintaitt
<br /> ;md rryuirc.my tcnant to comply�vith�h� trnn,uf thr Lca.r�an�t applic:iMr la��•. �
<br /> 13. LH:ASEHOLD5:CONDOA11NlUM5:PI.ANNED UNIT DEVE:LOPM1tENTti. (irantur a�,nr�to cutnph•��•ith thc
<br /> _ pruvisiun�of.�ny Icasc if this Sccurit��In�trumrnt i�un a Ica,chuld. It�thr Pruprrty inrludr�a unn in a�ondununium _
<br /> ur a plannrd unit drvcl��pment. (irantur will prrfurm all ul Grantur'��lulirs una�r lh� ruvrn:►nu. t�}•-law>.ur
<br /> rcFulatiuns uf thr con�uminium ur�I.mn�d unit d��•rlupmcnt.
<br /> 14. DEFAUL'T.(ir.uriur���ill ��c in drfault iC an}�{�:�rty��,hligat�d��n lh� Srrurc.l I)rht Icul.tu m:il�c p;i>mrnt��hrn Jur.
<br /> _ (irantur �vill hr fn dcfault if a hrcach��rcun undrr thc t�rm� ut thi.tirrurit� Imtruinrnt �,r :my uthrr duru►nrnl
<br /> rpage 2 0!4)
<br /> -- �iqal Liin�c�s Sri'r^a�rc 5�C:aA MN U 800 J97 d:iary�um�RE OT P:E 864t --- �
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