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<br /> N. All futurc udvnnces from la;ndcr to tirn�t��r or uthcr futurc ohligi�tion�uf Cirintor tc�I.�:ndcr undcr�iny promissory
<br /> nutc,�wniruct,gunranty.or athcr cvldrncc �if det�t cxccutcd hy (3runwr in fi�vor uf I.cndcr cxect�ted nl'tcr this
<br /> Sccurity Instrument whcthcr ar not Qxis S�:curlty Instrumcnt is s�ciGc�illy ruicrenced. If morc th+in �mc Ex;nan
<br /> slgns this Sccurity dnstrament.rnch Cm�itur�igrcr��h;U this ticcurily Instrumcnt will:�curc idl f uturc uQvanccy miJ
<br /> futuro obUgaHans that arc given tu or incurrcd by uny onc ur morc (lrtmtor.ar emy onc or marc Grumar nnd
<br />= othcrs.All futuro ndvnncc,r•nn�l othcr futum uhligatiuns�ire sccurcd by this Sccurity In�;trumcnt cven thuuRh nll ur
<br /> ' pnrt muy not yct be i�dvanccd.AII 1'uturc ndvnnc�:s and nihcr futurc ubUSatiuns nre sccurcd us if mudc on thc dutc
<br /> oF this Si:curity Instrument.Nathing in this kcudry Instrument shnll canstitute n cummitment to make►iJdeUonul
<br /> or future loains or�dvnnces in nny:►muunt.Any such wmmitment must be ugrecd tu in u scpiirute wrIUng.
<br /> C. All obliguttons Qrantor owcs ta I.endcr.whicli mt�y luter uris�,to thu extent not prahibIted by law.including,but
<br />_ not limited ta,liabilitics for�verdr��fts releting to any deposit nccount agreement betwccn Gr:�ntor und Lender.
<br /> D. All addttionAl sums ndvanced and expenses Incurred by I.ender for insuring,preserving or otherwise pratecting
<br /> thc Property And its vnluo snd any uther sums udvanccJ un�cx�x:nscs incvrrcd by L.cndcr undcr thc tcrms at
<br /> this Sccurity Instrument.
<br /> This Security Instrument will not secure any other debt if I.ender fails tu give nny requlred not3ce of thc right a!'mscission.
<br /> 5. PAYMEIVT'S.Omntor u�rees thnt all payments uR�ier thc Securcd Dubt will be pnid when due and in aaordancc
<br /> wiW the terms of the Secured Debt and thfs Security Instrument.
<br /> 6. WARRANTY O�TlTI.E.Grnntor warrants thut orantor is or will bc lawfully scized of thc cstatc canvcyed by this
<br /> Security Instrument und htis the right to irrevocably grant,convey,and setl the Property to Trustee.in trust. with
<br />� pc�wer of sale.Grar►tor also warrants that the Praperty is unencumbered.except for encurrtbrances of record.
<br /> 7. PRIOR SECURITY iNTERE51'S.With regard to any other mortgage.decd of trust,security agreement or other lien
<br /> document that created a prior security interese or encumbrancc on thc Property.Gruntor agrees:
<br /> A. To make all payments when due and to perform or comply with all covenants.
<br /> B. To promptly deliver to Lender any notices that Grantor rcccivcs from the holder.
<br /> C. Not to allow any rtiodif'ication or extension of,nor to request any future advanccs under any note or agrcement
<br /> secured by the lien document without Lender's prior written consene.
<br /> 8. CI.AIMS AGAIIVST T1TLE.Grantor will pay all taxes,assessments, liens,encumbranoes,lease payments,ground
<br /> rents,utilities,and other charges relating to the Property when due.I.ender may rcquire Grantor to provide to Lendcr
<br /> copies of at1 notices that such amounts are due And thc receipu evidencing Grantor's payment.Grantor will defend
<br /> title to the Property against any claims Qiat would impair the lien of this Security Instrument.Grantor agrees to assign
<br /> tQ !.earlsr,as reqscsisu�y I.c�s��r,ar.y righ�.clairr�s�r�efa��sr�t',�auio��uuy i�avc agaiasi puriies who supply iubor
<br /> or materials to maintaia or improve the Property.
<br /> 9. Di1E ON SALE OR ENCUMBRANCE.Lender may,at its option,declare the entire balance of the Secured Debt to
<br /> be immediately due and payable upan the creation of.or contract for the creation of,any lien,tncumtsrance,transfer
<br /> or sale of the Property.This right ls subject to the restrictions imposed by federal law(12 C.F.R.S91).as applicable.
<br /> T.qls covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this
<br /> Security Instrument is released.
<br /> 10. I'ROPERTY CONDITION, ALTERATIONS ANfr INSPECTION. Grantor will kcap thc Property in good
<br /> condition and make all repairs that are reasonably necessary. orantor shall not commit or allow any waste.
<br /> impairment, or deterioration of the Property. Grantor will keep the Praperty frec of noxious wecds and grasses.
<br /> Grantor agrees that the nalure of the accupancy and use will nat substantially change without L.ender's prior written
<br /> consent.Grantor will not permit any change in any license,restrictive covenant or casement without Lender's prior
<br /> written consent.Grantor wil!notify LendQr of all demands,proceedings,clairc►s,and actions against Grantor,and of
<br /> any loss or damage to the Property.
<br /> Lender or Lender's agents may,nt Lender's option,enter thc Prnperty at any reasonable time for the purpose of
<br /> ' inspecting the Property. Lender shall give Grantor notice at the tirne of or before a�a inspection specifying a
<br /> reasonable purpose for the inspection.Any inspection of the Property shall bc entirely for Lender's bene�t and
<br /> Graator wiU in no way rely on Lender's inspection.
<br /> 11. AUTHORITY TO PERFORM.If Grantor fails to perform any duty or any of the cav�nants contained in thia
<br /> Security Insln�ment.Lender may,without noticc,pedorm or c�usc them to be performed.Grantor appoints Lender
<br /> as attorney in fact to sign Granror's name or pay any amount neceasary for�rformance.l.ender's right to per[orm For
<br /> Grantor shall not create�n obligation to perform,and Lendcr's failure to perform wi11 not prcclude Lender from
<br /> exercising any of Lender's other rights undcr the law or this Security InstrumeiaZ.If any construction on the Praperty is
<br /> discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's
<br /> seCUrity interest in the Property,including completion of thr�unstruction.
<br /> ' 12. ASSIGNMENT OF LEASES AND RENTS.Grantor irrevocably grants,conveys and sells to Trustee,in trust for the
<br /> benefit of Lender,as additional security aq the right,titic and interest in and to any and aq existing or futurc lcases,
<br /> subleases,and any other written or verbal agreements for the use and occupancy of any portion of the Pcoperty.
<br /> including any extensions,renewals,modificatians or substitutions of such agrccments(all ref�rred to as•'Le�ases")and
<br /> ' rents,issues and profits(all referrea to as"Rents"). Grantar will promptly provide Lender with true and corrcct
<br /> copies of atl e�sting and future Leases.Grantor may collect,receive,enjoy and use the Rents so leng as Gi�antor is not
<br /> in default ttnder the terms of this Security Instrument.
<br /> Grantor acknowledges that,�his assignment is perfectad upon the recording of this Deed of Trust and that Lender is
<br /> entitled to notify any of Grantor's tenAnts to makc payment of Rents due nr to become duc to L.ender. Howevcr,
<br /> lxnder agrccs that only on default w'ill I.cnder notify Grantor and Grantor's tenants and make demand that all futurc
<br /> Rents be paid directly to Lc;nder.On receiving notice of default, Grantor will endorse and deliver to Lender any
<br /> navmPnt nf Aa..�o:..!S«...��•....,..........:..- •'-a -°:u ----:... . .. .. _ . . . . • • - •" '
<br /> r-�-»---- --- -•-••w••• ... ..�.�y.��.�.vu a�w .��n�c�civc uny i�cnt�m uus<<vr Lenaer ana wui not eommmgtc the
<br /> Rents with any other funds. Any amounts coqected will br applicd as provided in this Security Instrument. Grantor
<br /> �vanants that no default exist�under thc Lcascs or any�ppliriblc landlordltenant law.Grantor also agrees to maintain
<br /> and require any tenant to comply with the tcrms of the Leases and applicaUle law.
<br /> 13. LEASEHOLDS;CONDOMIMUMS; PLANNEI) UNIT DEVELOPMENTS.Grantor agrceti tci cvmply with lhc
<br /> provisions of any lcasc if this Security Instrumcnt is on a(caschold. It thr Property includcs a unit in a condominium -
<br /> ar a planned uuit dcvclopmcnt, Grantor will perform all of Grantor's dutics undcr the covcnants,by-laws,or %
<br /> rebulations of thr rondominium or planncd unit dcvclopmcnt. �-,
<br /> 10. DE�AULT.Grantor will be in dcfault if any pany obligated on thc Sccund Debt fails to makc paymcnt when due. �
<br /> Grantor will bc in dcfault if a brcach occurs undcr thc tcrms of this Sccurity Instrumcnt or uny othcr docwricnt -
<br /> (page Z of4)
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