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<br /> B. A!1 futurc advancc�from Lcndcr lo Grantor or othc�future ubligatiuns of Grantor tc�IAndcrundcr any promisu�ry
<br /> notc,contruct,guuranty,ur othcr evid�ncc of dcht cxecuted hy Grantor in fs�var of L�:ndcr exccutcd aftcr this
<br /> Sccurity Instrument whether or not this Sccurtty instrument is spe:ciCcally referenccd. It ninrc than onc person
<br /> signs this Sccurity Ins►rument,ench CZrantor agrces thet this Securiry lnstrununt will securo nll future advi�nces und
<br /> futurc oblfgations that urc givcn ta or incurred by any onc ur morc Grantur,or any onc or morc Grantor and
<br /> others.All futurc advances and othcr futurc obligations are sccured by this Sccurity Instrumcnt cven though utl or
<br /> part may not yct bc advanced.All tuturc advanccs and othcr futurc obligations are sccur�d ns if mudc on thc dfltc
<br /> of this St:curity Instrument. Nothing in tlUS Security Instrumcnt shall constitutc a commitmcnt to makc additional
<br /> or future loans or advnnces ia any amount.Any such mmmitment must be agrced ta in u separate writing.
<br /> C. All obligations Grantar owes to I.ender,which muy later arisc,to the extent not prohibited by law.including,but
<br /> not limited to,liabilides for uv�rdrafts relating to a ny deposit account agrcement betwcen Grantor and Lender.
<br /> D. AU additional sums advanced and expenses incurred by 1.ender for insurin�,preserving or otherwise protecting
<br /> the Property and its value and any other sums advanced and expenses incurred by Lender undcr thc terms of
<br /> this Security Instrument.
<br /> This Seciuity Instrument will not secure any othcr debt if L.ender fails to give any required notice otthe right oS rescission.
<br /> S. PAYMEN'I'S.Grantor ap,rees that all payments under the Secured Debt will be paid whea due and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> G WARRAIVTI'OF TlTLE.G�rantor warrants that Grantor is or will be lawfully seized of.the estate conveyed by this
<br /> Securit� Instrument and has the right to irrevocably granb convey.and sell the Property to Trustee,in trust,with
<br /> power af s.�9e.Grantor also warrants that the Proporiy is unencumbered,except for encumbrances of rewrd.
<br /> 7. PRIOR SI�`CURI"1'Y 1NH'ERESTS.With regard to nny other mortgage,de�d of irust,security ageement or other lien
<br /> document t2��t created a�rior security interest or eMCUmbrance on the ProPerty,Grantor agrees;
<br /> A. 'Ib make all payments when due and to perform or comply with all covenanu.
<br /> B. To promptly deliver ta Lender any notices ihat Grantor receives f'rom the holder.
<br /> C. Not to allow any mali�cation or extension af,nor to request any future advaaces unc3er any note or agreement
<br /> secured by the lien documc:nt without Lender's prior written consent.
<br /> �L CLAIMS ACAINST 1TTLE.Grantor wiU pay all taxes,assessments,liens,encumbrunces. lease payments,grouad
<br /> rents,utilit[es,and other charges reluting to the Property when due.L.ender may require GrAntor to provide to I.ender
<br /> oopies of all notices that such amounts are due and the receipis cvidencing Grantor's�a}ment.Grantor will defend
<br /> title to the Property against any claims that would Impair the lien of this Security Instrument.Grantor agcees to assign
<br /> to Lender,as rcqueste�i by Lender,any rights,claims or defenses Grantor mAy have against panies wha supply(abor
<br /> or matcriais to main[ain or improvc thc Properiy. °
<br /> 9. DUE ON SALE OR ENCUMBRANC�.Lendcr may,at its option.dcclare the entire balance of the Secured Debt to
<br /> be immediately due and payable upon the crcation of,or contract for the creation of,any Uen,encumbTance,transfer
<br /> or sale of the Property.This right is subject to the restrictans imposed by federal law(12 C.F.R.591),as applicable.
<br /> This covenant shall run with the !'roperty and shall remain in effect until the Secured Debt is paid in full and thls
<br /> Security Instrument is releaeed.
<br /> 10. PROPERTY CONDITION,ALTERATIONS A1�D INSPECTION. Grantor will keep the Property in gaod
<br /> condttion and makc all repairs that are reasonably necessary. Grantor shall not commit or allow any waste,
<br /> impairment,or deterioration of the Property. Grantor will keep the Property free of noxious wecds and grasses.
<br /> Grantor agrces that the nature of thc oc�upancy and use will not substantially change without Lender's prior written
<br /> wnsent.Grantor wiU not permit any change in any lice�se, restrictive co�•enant or easement without I.ender's prior
<br /> written consent.Grantor will notify I..ender of all demands, proceedings,claims,and actions against Grantor.and of
<br /> any loss or damage to the Property.
<br /> Lender or L.ender's agents may, at L.ender's option,enter the Property at any reasonable time for the purpose of
<br /> inspecting the Froperty.Lender shall givc Grantor notice at the time of or before an inspection specifying a
<br /> reasonable purpose for the inspection. Any inspection of thc Property shall be entircly for Lender's bene�t and
<br /> Grantor will in no way relyon Lender's inspection.
<br /> 11. AUTHORITY TO PERFORM.If Grantor fails to pertorm any duty or any of the covenants contained in this
<br /> Security Instntment,Lender may,without notice,peiform or cause them to be performed.Grantor appoints Lendcr
<br /> as attorney in[act to sign Grantor's name or pay any amaunt necessary for performance.Lendcr s right to perform for
<br /> Grantor shall not create an obligation to perform,and Lcnder's failure to perform wil!not precludc Lender from
<br /> exercising any of Lender's othcr rights undcr the law or t his Security In�trument.If any constructian on thc Property is
<br /> discontinucd or not carricd on in a rcasonable manner,Lendcr may takc all steps nccessary to protect Lender's
<br /> security intcrest in the Property,including completion of the constn►ction.
<br /> 12. ASSIGNMEIVT OF LEASES AND REN['S.Grantor irrcvocably grant:;,conveys and sclls to Trustee.in trust tor the
<br /> bc:ncfit of Lender.as additional security all the right,titic and interest in and to any and all existing or futurc lcascs,
<br /> subleases, and any other written or verbnl agreements tor the use and occup�ncy of any portion of the Property,
<br /> including any cxtensions.rcnewals,modi6cutions or substitutions of sucli agteements(all refencd to as"Lcascs')and
<br /> rents,issues and profits (all refened to as"Rents").Grantor will promptly provide Lender with true and correct
<br /> _ copics of all existing and future Leases.Grantor may collect, recei�e,enjoy and use the Rents so long as Grantor is not
<br /> in default under th�terms oi this Security Instrument.
<br /> Grantor acknowledges that this assignment is perfectcd upon the recording of this Deed of Trust and that Lcndcr is
<br /> entitled to notify any of Grantor's tenants to makc payment of Rents duc or to becomc duc to I�:nder. Howcver,
<br /> Lender ar,rces that only on defxult will Ixndcr notify Grantor and Grantur's tenants and make drmand that all tuturc
<br /> Rcnts bc paid directly to L�:nder.On recciving notice ot default, Grantor will cndorsc and delivcr to I.ender any
<br /> paymcnt of Rents in Grantor s possession and will receive any Rents in trust for Lender and will not commingle the
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<br /> - itenis wiin any oiner iuntis. r�ny amouni�coiiccicu wiii oc appiicu na pr�►viuru in iiiia�r�uiiiy iti�iiuciici�i. .��n..��;
<br /> warrants thnt no default exists under thc Le:asrs or any applicable landlorci/tenant law.Grantor also a�;rees tu maintain
<br /> ' und require any tenant to comply aith the tcrms of thc L.:ase�and applic�+ble law.
<br /> = 13. LEASENOLDS; CONDOMINIUM5;PLANN�D UNIT DE`VELOPMEM'S.GranWr agrccs to cumply with thc
<br />= provisions of any lcasc if this Sccuriry Instrument is on a Icasehold. If thc Property includcs a unit in a condominium
<br />_ or a pl�inncd unit dcvclopmcnt,Grantor will perforrn all oi Grantor's duties undcr thc covcnunts. by-Inws,ur
<br /> regulations of the condominium or pl�inncd unit devclopmcnt.
<br />_ t4. DEFAULT.Grantor witl bc in default if any party ubligatcaf un the Sccured Debt fails to makc p,rymcnt�vhen duc.
<br /> Grantor will be in default if a breach occurs under the trrms of this Scc�rity Inslrument ar any uth�r document
<br /> (page 2 0�0)
<br /> Q�1891 Bank�rt Syetwn�.hK.St.Claq.M9 I l-806,9974]411 Fpm REDi-NE B'lY91
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