|
.�, , .
<br /> �a��tl► � .�
<br /> ' , .��� �jr.=e;�.1. . _.-
<br /> ,. . .. ,!t. _s _�.. ��
<br /> „�� - .r.. .. . . ..... n...jaw�e. ,_ .. ... . . -
<br /> _.. . . ... �L�.h..,.. .. . .. . . .. .. . . . . ��,'::
<br /> I
<br /> :.� ��G�-Sp:.
<br /> -'` r 97� 1�►'�4^� ��-
<br /> ;
<br /> �. _-
<br /> H.All futurc ndvnnas (rom Brneflsiary to Tnutor or athrr futura abllgations of 'lYustar w Bencficiary under nnY �``'=-
<br /> ptomissory note.wntroct,guareuty,ar other eviden�e af dcbt exc�uted b Trustor in favor ot Bcncficiory exec:uted '
<br /> after thls 5��curity Ins�rument whether or not this Secwity Instrument ls specifically referenced. If more than one �'.-
<br /> persnn signs �hia �Sxurity lnstrument. each Trustor agrees that this Secudty Inst�nt will sec:ure all future
<br /> advances and future oblfgatlons that are given to or iACUrred by any oae or more Trustor,or any�me ar more Tnutoc �:•-
<br /> and othero. All future adv�nces end other future obligatioas nre secured by thi�Securiry[nstrument even though aU
<br /> '� or part may not yet bo advanaoed.All future advances and other future obllgadoas are securcd as if mado on the date ��__
<br /> of this Secudty Instrument.Nothing in this Security Insttument sha11 wnstitute a commitment ro mnlce additlonal or �-
<br /> � futurc loans or advanas iu a►iy e�►wunt.Any such coiruuitwcnt must bc a^rced to in n sepnrnte writin . �--�
<br /> . _ .,. tw
<br /> �' , C.All obligatlons Tcustor owes to Beneficlary, which may later arlse,to t�e eatcat not prohibitcd by aw, lacluding --
<br /> . ..,w+r'�11', but noi ILmatai to. Ifabilides for overdrufts relating to auy deposlt account agreemeat betwan Tcuator an� __.
<br /> �� D,��dj�iu]s��ns advunced aad eap�s incurced bp Beneficlary for insuring, preserving or otherwise pmtecting —
<br /> t�pro�eccyr iad tt�value and any o etfi r suau sdvanexd and expenses incuiTed by Beneflcfuy under the terna of this �.
<br /> �. Seeurity Insuument. •�.�`
<br /> ..-,_
<br /> , � This Securlty Instnunent will not secure any other debt if Beaeficiary fails to glve any mquired notice of the dght of �_=
<br />� � mscission. -°
<br /> � � .,�� 5. PAYMENTS.Trustor agrces that all payments under the Secured Debt will be paid whea due aud in accordanco with the -
<br /> ,: �;'�''� tern�of the Secund Debt and this Sxurity Inshvment.
<br /> .,:.
<br /> '•'K, -
<br /> �, 6. W�jARRAN'1'Instnunent and haSE�che dght to trrevo�cably grant�con cy.and�ulthe P�tnype�Truatee,�attrustnwith power�of _
<br /> � � sale.Tivstor also warru►ts t6at the Proprrty is uneacumbered,except for eacumbranas of record. �
<br /> 7. PWOR SECURITY IN'i'E1tE.Sl'S•Wlth re8ard to aay other cnortgage,dced of uust,securtty agrcemeat or other liea --
<br /> docunnent that creatod a prlor security interest or eacumbrance on the Property,Trustor agroes: _
<br /> A.To make all paymenta w�en due and to perform or comply with all wveaants. _
<br /> B.To prompdy deliver to Hcneficlary any nodces that Trusror reoe[ves from the doldet.
<br /> C.Not to allow any znodification or eatension of, nor torequest aay future advanc,es uader any note or agreement
<br /> n
<br /> socured by the lIen daumeat without Beneficiary's prlor wrlttea consent. _
<br /> � 8. CLAII1iS AGAIIVSI'TI'I'I,E.Ttustor wIU�ay all taxes.assessmeata.lieas.encu�ubrances.lease payments.Sround reate,
<br /> � utUities,aud other charges relating to the Property when due. Beaeficiary may re�uire Truator to provide to Beaefic[ary
<br /> copies of all notices that such amounts are dve aad the receipts evidencing Trustor e payaient.Trustor will defead tide to
<br /> the Property against any claiinv Wat wouid impair We liea of this Socurlty Inst�ment. Tcustor agrces to assiga to
<br />, Benefici ,as requested by Beaeficlary,aay rlghts,clalms or defenses Tnistor may have against parties who supply l�bor
<br /> -- - IIz,���c rn ma�n��rimnrove the Pronerty. ,
<br /> 3 9. DUE ON 5ALE OR ENCUIVIDRANCE.Beneficiary may,at its optton,declare the rntire balauce of the Seciu�ed Debt to
<br />-" be immediately due and pa able upon the crestion of,or conuaot ior the creation of. aay lim,encumbrance. traasfer or
<br /> �' j •� y ) ucable.'this
<br />-�;�= •" •• sale of the Prope�ty. 'll�is �ht is sub ect w the resMetlons sed b fedecal law(12 C.F.R.591 . as app
<br />- wvenant shall run with the�roperty and shall remain in effect until the Secured Debt is paid in full and tbis SecurIry
<br /> r°�.• lnsmicnent is releasod.
<br />�:�`��-.��: �
<br /> _�::•,%;;L; lU. PROPERTY�CONDTfION.„TEItATIONS AND INSPEC'PION. Tnistor will keep the Property in�ood waditioa
<br /> ==�n..:+,r_,.:.J �ys �, �;. t....;,� ,��_ �racnnahlv nec�csarv. Truatar sh�ll not commit or allow any waste. unpainueat, or
<br /> - ' ;:t4i,:,�' deterioration of t�e Property. Trustor wifl kap the�Property fret of noxlous weeds and gragses. l'rusror agreea ihrt inc —
<br />-``•=• ��� �'� nature of the ocsupancy aAd use wi►1 aot substa�ndaUy change without Beaeficiuy's prior avritteu consent.Tcustor will not
<br />_�:�,�•;�.;.::�',� peraiit vny change in any licease,restrletive covrnant or easemeat without Beaeficiary's prior written consent.Trustor weU
<br /> :�:�;y �� .: notify Beneficiary of�II dernands. proceedings, claiais, and xtIons against Tcusror. end of any loss or damage to the
<br /> ;,:;= propert},,
<br />—�:.i�
<br /> ``':``';�r:'_�`� Beneficiary or BeneFci s aB en[s may,at Benefic 's opt�on,eater the Prnperty at any reasonable[ime for the pucpose
<br /> m
<br /> -- - of inspechng the Property. Ber�eficiary ahall give �ustor aot�ce at the tinne of or before an ins�e�ion specifydng a
<br />�- "'``:'� reagonable purpose for the inspectlun. Any iaspectioa of the Propeny shall be ent�rety for Beneficiary's beneflt and
<br />�`'``` �"' Tn�ator will in no way rely on Seaeficiary's inspoctioa.
<br /> -=a:�,�s„/,.'..
<br /> __�',s;.. 11. AU�'lTOR1TY TO PERFOItM. If Tnutor fails to pedorm wy duty or any of tLe covenants oontainod in tlils Soct►dty
<br />�:`=.�•-;:.,1 Instnunent. Beneficiary may, without notice. perforia or cause them to bepe rfo�med. Tn�stor appoints Beneficiary ai _
<br />-" �':i;�:�r'_ attoraey in fact to siga Tcustar's name or pay any amount neassuy for perfom�aoce.B�neRciary s r�ght to orm for
<br /> TnuWr shall not create an obligatlon to�'orcn,and Benettciary's failure to perform wW not prxiude Bene�ciuy from
<br />—"��°"�" exe�Ising�any of Beneficiary's other rigfits under the law or thls Security Iasuument. If any consttuctIon on the� -
<br />�.=�:...�: .
<br /> _, .��, is dIsconunued or not carried on in a reasonable manner. Beneficlary may take all steps necassary to protect Benefic ary s
<br /> �--,,,�,,;. . security interest in the Property,including completfoa of the conswction.
<br />"''������!' 12. ASSIGNII�NT OF LEASES AND RENfS.Trustor irnevocabl grants, conveys and sells w Trustee. in tnut for the -
<br /> »`°, - .. _
<br /> - " benefit of Beneficiary,as addidoual security all the right.teete an inurest in and to anY and all existiag or future lases,
<br />- subleases.Und any other written or verbal agreemenut for the use and occupancp of eay portion of the Property,including =
<br /> nd
<br /> any eatensions.renewals,modiflcations or subsdtutians of such agceements(all reternd to as "l.eases")and rents. Issues �
<br /> and profits (all refernd to as 'Rents"). Trustor will ro, d provide Beneficiuy with tnce wd cormct copies of ail �
<br /> ` � exisuug and future Leases.Trustor may collect,roceive enj y and use the Reata so long as Trustor js not in def�ult under _
<br /> _ � thc temu of this Security Instnunent. °'
<br /> �:-
<br /> _ s. —_
<br /> Trustor acknowledges tha�this assigunent is perfected upon the recording of this Dced of Trust and that Beaeficiary is
<br /> ' entitled to notify any vf Trustor's tenants to make payment of Rents due or to become due to Beneficiary. However �:
<br /> ' Beneficiary a�rCes tbat oaly on default will Beneficiary notify Tivstar and Trustor's teuants and r¢oalce demand that �I�
<br /> grc
<br /> future Rents be paid direcQ to Beneficiary.On reoeiving aotice of default,Trustor will endorsc and deliver to Beneficiary
<br /> ' any payment of Rents in�i�ustor's possession and will receive any Renu in tn�st for Beneficiary and will not wmmingle
<br /> " ' the Rrnts with any other funds. Any amounts collected will be applied as providtd in this Securiry Instrument. Tcustor
<br /> warranta that no default exists under the Leascs or any applicable landlord/tenant law.Trustor also agmes to mvntain and
<br /> !.L .L�. �l�L�f Wr�w.l�M�iiwa{��s Io�L
<br /> �--.___. -..`.-..-�_-- JC(�IIIIE 3IIy IEi18Ill LO Wittvly w�ui u�c�uTiu vs ui�aw.wo a.,..�.p..........»"-
<br /> 13. LEASEHOLDS; CONDOMINIUMS; PLANNED LJN[T DEVELOPIV�NTS. Tmstor agtees to comply.wittt the
<br /> - rovisions of an lease if U►is Security instrumeat is on a le�.sehold. It che PropeRy includes a unit in a condommium or a �
<br /> pl�nned unit devclopment,Trustor will perform�ll of Trustor's duties under the covenants.by-iaws.or regulations of the i
<br /> . condomtnium or planned unit development. ' �
<br />_ ;, i �
<br />- � lOage 2 of�1
<br /> � . �ip9l B�nk�r�Srtlems.Inc.S� CbA.IUN Il-app-�97•2�471 Fpm REDTJ�IE I IR:AE I
<br />_ �
<br /> .. , - . .y � \ / �
<br /> I . �r✓
<br /> � i
<br /> �rj —. . _ __—
<br />
|