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<br /> . .. ;.N .� B.Atl fun�m��s frum Beaeuei�y ta Tn�ssor or othec funue abligauors uf Trustor co B��'iciaiyr under mry : ..;.< _
<br /> , pcom�miy aate.ceavact.gv�ansg•o�ot3�ar e�ride�e af�+eUt exetuted�y Tma.�or in faz�r oi 8�fictasy ea�uted ,t,;,:._.'''
<br /> � � a ft e a�h i s S�i�r �4��e t A e r o r r a a t t h i s 5 e i n ri ty [�u n s�n t is s p�cefereaced. U m.ure than ane ;,,-.�<:>: .
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<br /> . ;; �a signs tDis Seccirity Isssaumeat. eacd Tnutar agcees t�a6 t�ss SetuaE�y [n�as c��]t secxsre a t l f urure ,f:,:,�.� . : :
<br /> � •� ; ad,rau�s s�3 Cuture obii dons that are givca tA or inaured by auy o�e ur mQ�Tnistor.or any one or more Tncstoa . :-. -
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<br /> : - aud ashe�s. d!!F f�tun advances and other futuse o6ligatiaas are secm�d�dus Se�riry Ins�rums�t e�ren¢hough a1! r;;y�.,:.,..::�_�"
<br /> � ^ .� es part ma�cot yet be advaneed.All future advances aQd otl�ee future obJgatiams are socured as if made on the dace .',;;;, -
<br /> � + of t8is Sea�icY Instm�eat.Nott�iag in this Securiry Irsuu�eat st�4 cansntut�a a�auniE�e to maIce addiuoaa!or ;��;"' .
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<br /> � . •;: ; future toans or advaaces ia any amaunt.A ny su�oo m m i t m x n:a u ut�e a�co in a s e parate writing. .,�,;,.;.,.�;;�.
<br /> .� �.RII o6ligations Tnutor owes to Benefciary,vrtich mayr tacer arise.to tke ext=nt n�prohibited by taw. i�ci�diag. _ _ - -
<br /> _� -..-=� 6ut not �ite3 to. tiabitities foF azerdsafi� �Sing to aay depasit acm�me a��ernenc heewe�n Trw�stoc aaa = - - ;
<br /> ` : � FT.t�lt�addi�t ona!susns advas�ced and inc�ared hY 8rneficiarY for insnrimg.Qrrserving or otherwise pmtectinA ; -4 ,.° ,:
<br />, . '. • -..� tfle Prnpecty and its vaU:e and ang o��sums advaaoact ac�d exp�ses im�ier�tsy&�efKiary uader s�t«.m�s of this ,; . . ; ;.;.,,
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<br /> � � i This Securlty insunment arili aot se�ue a�ot�eic de6t if�eueficiarg faiLg to gI�►e auy� mquired notice of the right of �-; . �... ,
<br /> �.I; 3 tescission. s:
<br /> `% ` 5. PAY16�S-Tcustar a�rees thac alI payu�ents uader the S�r�d Debt�r�71 be paid ah�a dae aad in accoNutce wit6 the � r1 �' '�fir$ �;:
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<br /> • "; � � t�rms af the�re@ ilebt aa�d tlus Secunty insauwea� �� • '.�—
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<br /> ;.-k ' �,. Vfl�BRANfY OF 3'fi'�.E. Tncstc�r wananu that Tnutnr is or ad11 be Iawfuilg seized of[He�taze coave,�red hy tms : ��:
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<br /> - ,5ec�r'sty.instrument aad has che right to irrevocably grant,cnavey.attd sel!the Pm�serty ca Te�astee,ia ttust,wuh pawec af i ,
<br /> � , -r �:1'nutor atsa wanauu t�the Pmgerty is uneacambr�d,'excePt for ettaimbtaaces of rECOxd. � --
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<br /> : 'i� � 7. �flBI�R SEL`�.�BU�'�`��'S With cegard ta aa�+id[er mo deed of tntst. sewrit�e� �, �,_
<br /> ` document thar�,a rria�sea:riry inc�or eacumbc�e on th�peity,Tn�star agsees: �� ¢-r.�._
<br /> :. `:;x A.To mak�axf���.a,due and to p�rform 4r ec�pIy arith ali coveaants. ._ . . ., � - � . _-
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<br /> . ... B.To promp dy d e lisrer to��CCiary aay n o_t k e s t D�'C c p s t o r t e c e i v e s f r u u z t h e h o l d e r. , .� >
<br /> • ��"� . � C.Not to allow any ma�1�*�ration.or extension af,nac w reguest aay fotute advances under any note or �menc �"���'
<br /> _ .�. r„;}a.�.. secured by the lien daauuent without Beaefrciacy's prior wetuen cnnseat. ' `�'�__
<br /> � ."� 8. CLAIMS AtiAflNST TITI.E.Tmstor arill pay ait taaes,asse�smans.'iiens.encumbrances.tease paymenu,Browid rents, ' • �_�-.
<br /> .. e` '. " aritides.am!other charges relating to the Prop �y when due.BeaeRci_ary may ceqnire Tnutor to pmvide to Beueftciary ' .� r�'-
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<br /> • conies of all uotices[hat sucb amounts are due and che c�cipts evideacusg Tncstor's payacent.TrEas�ar wID defead title to ,f.:;�=
<br /> ' ., . ` . .: tite Pmperty agaiast any claia►� Wat would impair the lien of this Securiry Irtsm�ment. Tnistot agrees w assigu�to ,.-'��'_
<br />-_, .. `,..�: Beaef� ,as requested by B r�a e�iQe�Pro y righu,ct�oT defenses Trustor may have against parcies who suppIgla�or _�
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<br /> � , 9. DYJ�Olet SAR��t ENCi1iVi��F:��.�'iciary�:ae iuopsioa,dectue the entire bttlr.n�of the S�Debt to. '�'
<br /> � � be immedia�Qg�x and paya�le ugoa e�e�eanoa of,as cnt�traa[ar t��cc�atiun of,�y liea;�:c.�cambrance. uansfer or ...��:r
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<br /> ' sale of the This �' �s subjecc t�the rescri�i�i�posed'by�ederal la�.(.t C.F.Yt.591),a5 applicable.TWs t -
<br /> . '. �1�� �.`- cc�venant sh�'th c�e�q$ertY and shall remaia��e'ff.ect until,the Secured. �ebt is paid in fu11 and this 5eciuity '.- r;?��s��
<br /> �_•;1;�i` ;; �..�trumeAt is Ieleated. ,. � .. :; � . . � '{., �'�,�-
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<br /> ,��- , �_�� ��, • lm.�PERTY.�i1NDiTYt1N. Ai.'�ER�'[YONS AlliID Il►1SPEt.°C�6A'�.�nsstor wiil keeu t�e Pr4peity in�ood candition :., , ;`
<br /> �¢ make a�... aits that are reasoaabiy necessary. Trustor �=si.'�;commit or aiIow �y waste. tmpairment, or ` °�-�
<br /> 'J� �' ��ioratios of�p Propertv.Tn�stor will keeg the Pragerty fc;e.�n�fs�sr�ous wexds and grasses. Truscor agrees that the ,�--
<br /> - •. `'. ` .`, �e of the occupancy an�u�e will not substandallp ch�;e a�r��eneSc��ry's prior writtea wnsent.Seustor will not .:�'��.�_
<br /> � fi 'ary's prior writtec consent.Tt rastorw�l ' •:`"':"`=T°
<br /> - - . , p�it any change at any licease,restrutive covenant er��g':.�•.uc Bene c� :...;:��.:,�;;:
<br /> adtify.Bene�aary of all demaads. PmcePdiags.clai�s,��t z���a�inst Tmstor�and of aay loss or damage co the '.�; —_
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<br /> Senefic�aty or Beneficiary s agents may.ac B�neficiary's opdon,e�t�r�i.Propetty Y �°
<br /> � : ` - og insp eeec ing the Prapenx.�;8eaeficiary shatl,give Tn;st�ar nuuce�.tk:ti�.e a,t` �before aa,' �ing a
<br /> ` 1 � masonable��pwpose for t�� , on. Any, msgecciou�sf the Pr�rt.:� sr,,1t&��an�r�ly for'�e�i 'ciar�s t and :� ,
<br /> ` ' '+3�' Trustor will in no aay tely vr��ficiary's uzspection. � � . � , •, jr��+�,
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<br /> •� � � 11. AUPHOI�B'd'���'O I'ERFORM. If Trustor faiis to perform any���o*anp of the oovenants�csntained in ttis SecwltS+.:`;;.• , ' �;,;.
<br /> Insuument.�te�eficiary may. without aotice. perform or cause t�m'ro be performed. Trustor a�points Beneficiary as �•' . �,
<br /> �� attomey in faa to siga Tnutar's name or pay any amo�mt necessary tos perfortnance.Bene�cciary s right to rfomt for ..
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<br /> ,; T i v stor sha11 not aeate an obli g ation top�(orm,aad BeneSciary's failure to perfarm wiU not preclude Bene�iciaiy►from
<br /> _ � _. - .,: exercising aay of Bareficia�y's other rigfits iucder the taw or this Security Iastmment.l f any constru c t ion o n a�e P r ope r t�y► ��...`.+.. . -
<br /> is disconnnued or not�canied on in a reasonable manaer.Beneficiary may take all steps necessary to pmtect 8eneficlary s .
<br /> - � ' - . security ineerest in the Property,including completion of the consttucxion. ,
<br /> � � 1Z. ASSIGN119EN7'OF LEASES AND�tENTS•Tcustor irrevocably grants, conveys and sells to Trustee,In tn�st for the , •' _ : ,.�° �
<br /> '�� �., �� .`� benefit of Beaeficiary, as.additional.seauiry all the right,title and interest in and to ury and a11 existing or future teases, � ,
<br />- , .;�:�;' �; ;� t�. subleases�a n d any u t�e r v r.e�t e n o r v e r b a l a g r e e�ri e t t t s�S o r t h e u s e a n d a c c u pancy af�7a y onion of the Pro p e r t y+,inctuding s,'.•. ,.` .
<br /> � to as Leases')ana rents.issues - ,,�r� .
<br /> •� ,�., � any extensioru renewats,inadifications or subsdtutions of such agreements(all c�'6� ,. '� � . �
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<br />__ ,,�•�,;.;:.,� � ; and profits(a:� referre�ss as 'Rents'?. Tcustor will promptly provide Benefici� with tsue.and oornet copies of all • ;� �,,=1g� •
<br /> � ,. existm�and f��vrs L�eases.Trnstor ma3�ca�►aM,�eceive.eryoy and use t h e R e n t a s�ong as Tm��is not in deiauit oader � ,, �:? ��
<br /> ';�. ,. the terms o�this.SPCUricy Insmiment. - . ' , .
<br /> ' -�� �r.�:stor acl�ae'�ges that this asslgnment Is perfecc�t:apon the rea�fiag of tlii�s:tleed af Tiv�t�d tbat J3i��ciaiyr 1fi, ,: xi�„ � :.
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<br /> � `"� .�r�r?ed to noiifyaay of'�rustor's teuants to maIce ps�?;rr,�t of Rs�.due oc uy ts�me due to Seneficiar.�..Hawcv�r� � � t ��, ,, -F
<br /> . ' f � , '�1ateG���s thaz otSy on defauit will Benef�c�aryf nuttfy Tn�ar.�d Tivst�sc's teaants and maice d�isaur�4hat e!� :: , �{f���,;a�: .,
<br /> li�pn�C.ent�.i:� .°'d directl to Beneficiary.Oa recei nati�e uf�;u�ix.'�ca..nuc wiil endorse and deliver ca.IDe�teRci�iy+ .,�, ,, ;���,�,��;, • ;,;
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<br /> �.2 ri y na y r n a v:,�f I Z r�s c, i n 7'n u c o r's p o s s e s s i o n a n d�v i l l�r e�ve a n y 1��1��tn,ctu'st fot Benefici a t y aad will not commit1�i�: �- �q•.,. ��, . .
<br /> � � r2ie Ren�s�vUii.any'ot�ur funds. Any amounts coll�cxed.will b�apFU}��s,�m,vCded in this Securiry InsttumeAt�T ro�tpe .. � y,f�g��� � �•� ��
<br /> ,`. .;.'.i,,,,;i: � � �vacrants ti�u�.. Fexists urtdet the L�ases or t�ny applicable(antilordltenanc(aw.Trustor also agcees ta maintaiit�aii�•,. a,';;�vi�,
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<br /> - _:'..:,i;��,:_,. c�9uire an"q teaant ro ��ply wich the termg of the Leas��aad applicable[aw. . , , �� ,,s��sh,.. . .
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<br /> � 13. 1.EASE1$OLDS: CONDOMINY�JMS: PLANN�D IJNPP DEVELOPNiENT�. Trustor agrees to co�nplY �Vitti�'th'�r.`;.��:. . �.�`::'�` , .
<br /> . . pmvisions of any iease i[this Security Instrument is on a leasehold.If the Ptoperty includes a unit in a candominitim qr n• � . .
<br /> � • � � pia�med unit developjnen�Trustar will pesform all ot Tnutor's duties under the covenants.by-laws.or tegulationa of:ilta� _. , .
<br /> . .� � condominium or plansted unit developmeat. � _, __,
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<br /> 1 � ' m1990 Bantcra Srstrnu.rro..Sf.C�.MN Il•806497•23aU Form(iE�DTNE f 0!27197 �
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