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<br />B. All futµre advances from Beneficiary to Trustor or other future obligarions of Trustor to Beneficiary under any
<br />promis$ory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br />after this 5ecurity Instrument whether or not this Security Instrument is specifically referenced. If more than one
<br />person �signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances
<br />and future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor and
<br />others. ! All future advances and other future obligations aze secured by this Security Instrument even though a11 or
<br />part may not yet be advanced. All future advances and other future obhgations are secured as if made on the date of
<br />this SeCunty Instrument. Nothing in this Security Instrument sha11 constitute a commitment to make additional or
<br />future loans or advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but
<br />not limited to, liabilities for overdrafts relaring to any deposit account agreement between Trustor and Beneficiary.
<br />D. All addirional sums advanced and expenses incurred by Beneficiary for msuring, preserving or otherwise protectmg
<br />the Properiy and its value and any other sums advanced and expenses incurred 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 notice of the right of
<br />rescission.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and tlus Security Instrument.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of
<br />sale. Trustor �lso warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SEG INTERESTS. With regazd to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To prompt�ly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to i allow any modification or extension of, nor to request any future advances under any note or agreement
<br />secured, by the lien document without Beneficiary's prior wntten consent.
<br />8. CLAIM5 A�AINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utiliries, and ;other chazges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notices that such amounts are due and the receipts evidencmg Trustor's payment. Trustor will defend title to
<br />the Pro�erty', against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as rec�uested bY Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor
<br />or matenals tb maintain or improve the Property.
<br />9. DUE ON 5A�.E OR ENCUMBRANCE. Beneficiary may, at its option, declaze the entire balance of the 5ecured Debt to
<br />be immediate�y due and payable upon the creation of, transfer or sale of all or any part of the Property. This right is subject
<br />to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and
<br />shall remain 'in effect until the Secured Debt is paid in full and this Security Instrument is released.
<br />10. PROPERTYI CONDITION, ALTERATION5 AND INSPECTION. Trustor will keep the Property in good condition and
<br />make all repairs that aze reasonably necessary. Trustor sha11 not commit or allow any waste, impaument, or deterioration of
<br />the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the
<br />occupancy and use will not substantially change without Beneficiary's prior wntten consent. Trustor will not permit any
<br />change in any license, resixictive covenant or easement without Beneficiary's prior written consent. Trustor will notify
<br />Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Properly.
<br />Beneficiary o'r Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the �urpose
<br />of inspectmg the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifymg a
<br />reasonable purpose for the ms�ection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor
<br />will in no way re,ly on Beneficiary's inspection.
<br />11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, $eneficiary may, without norice, perform or cause them to be performed. Trustor appoints Beneficiary as
<br />attomey in fact to sign Trustor's name or pay any amount necessary for performance. Beneficiary s nght to perform for
<br />Trustor shall not create an obligation to perform, and Beneficiary 's failure to perform will not preclude Beneficiary from
<br />exercising an of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Properiy is
<br />discontinued or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Bene�iciary's
<br />security interest in the Property, including completion of the construcnon.
<br />12. A5SIGNMEI�IT OF LEASE5 AND RENTS. Trustor irrevocably assigns, grants and conveys, to Trustee, in trust for the
<br />benefit of Beneficiary as additional security all the right, ritle and interest m the following (all refened to as Property):
<br />existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and
<br />occupancy of the Property, including any extensions, renewals, modifications or replacements (all refened to as Leases);
<br />and rents, issues and profits (all refened to as Rents). In the event any item listed as Leases or Rents is determined to be
<br />personal �rop'erty, this Assignment will also be regazded as a security agreement. Trustor will promptly provide Beneficiary
<br />wrth copies of the Leases and will certify these Leases are true and conect copies. The existing Leases will be provided on
<br />execution of the Assignment, and all future Leases and any other information with respect to these Leases will be �rovided
<br />immediately �fter they aze executed. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in
<br />default.
<br />Upon default, Trustor will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other
<br />funds. Trustor agrees that this Security Instrument is immediately effective between Trustor and Beneficiary and effective as
<br />to third parties on the recording of this Assignment. As long as ttus Assignment is in effect, Trustor warrants and represents
<br />that no default exists under the Leases, and the parties subject to the I.eases have not violated any applicable law on leases,
<br />licenses and landlords and tenants.
<br />13. LEASEHOLDS; CONDONIINIUM5; PLANNED iJNIT DEVELOPMENTS. Trustor agrees to comply with the
<br />provisions of any lease if this Security Insmiment is on a leasehold. If the Property includes a wut m a condommium or a
<br />planned unit development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the
<br />condominium', or planned unit development.
<br />� (page 2 of 4J
<br />c� 7994 Woltera Kluwer Flnencial Servlcea - Bankers Syatems� Form RE-DT-NE 12/15/2008
<br />VMP�-C166�NE) (o7oe1
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