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<br /> !1. All fuwre advances from I,ender to Grantor or ather future obligations of Grantor W L.cnder undcr nny promissury
<br /> nute,cantract,�uaranty,or other evidence of debt executed by Grantor in favor of L.�;nder cxecutcd aUcr this
<br /> ticcurity Instrument whether or not this Security Instrument is speciGct+llly referenceJ. It mure th��n une }xrvan
<br /> signs this Security Instrument,each Grentar agrees that this Security Instrument�vill�ecum nU(utum ndvunccs und
<br /> fulure obligattons that are�iven to ar incuned by any one or more Grantor,or any one or morc Uruntur and
<br /> ��thrn.All future advanws and other future obligations are secured by this Sccurity instrumcnt evcn thuugh tdl or
<br /> part muy not yet be advanced.All futwe advances and other future obligativns are secur�d a+if m,�de:an thc datc —
<br /> ot this Seturity Instrumcnt.Nothing inthis Security Instrumant shall canstitutc a cc�mmitmcnt to m�kc itdditfonal
<br /> or futurc laans or advances in any airiount.Any such commitment must be agrced to in a separate writing.
<br /> C. All obiigntians Grantor owes to Lender,which may later arise,ta the extent not prohibitcd by luw,incf uding,hut
<br /> not Iimited ta,liabilities for overdraftsrelating to flny deposit account agreement betwecn Grantor nnd l.ender.
<br /> U. All ndditiona!sums advanced and expenses Incurred by I,ender far insuring,preserving or otherwisc pr�tecting
<br /> thc Property and its value and any othar sums advanced and expenses incuned by Lcnder undcr thc tcrms o[
<br /> this Securlty Instrument.
<br /> This Sccu�ity Instrument will not secure any oiher debt if Lendcr fails to give any required nutice of the right of rescisstun.
<br /> 5. I'AYM'ENTS.Grantor agroes that all payments under the Secured Aebt will be paiJ when duc unal in accordunce
<br /> with the torms af the Sccured Debt and this Securiry InstTUment.
<br /> b, WARRAN7'Y OF 17TLE.Grantor warran�s that Grantor is or will be lawfully seized ot the estate convcyed by this
<br /> Cccurity Instrument and has the right to irtevacably grant,convey. and sell the Property to Trustee,in trust,with
<br /> powor of sule.Grantor also warrants that the Praperty is unencumbered,except fur ejicumbrances of record. —
<br /> 7, PRIOR SECURITY IN'I'ERESTS.With regard to any ather mortgage.deed of trust,security agrecmcnt or other lien
<br /> dcewncnt thnt creAted a hrior security interest or encumbrance on the Property,Grantor agrees:
<br /> A. 'To make all payments when due anrl to perform or compl��with all covenanu.
<br /> B. To prc�mptly deliver to Lender any notices that Grantor receives from the holder.
<br /> C. Nut tu nllaw any modification or exteasion af,nor to request any future advances under any note or egrecment
<br /> c;ccurcd by the licn document without I.ender's prior written consent.
<br /> 8. CLAIMS ACAINST TITI.E.Grantor will pay all taxes,assessments,Ifens,encumbrances,lease payments.ground
<br /> rents,utilities,und ather charges rclating tu the Praperty when due.Lender may require Grantor to provide to I.cnder
<br /> coptcs uf oil nati�:es that such umounts ara due and the receipts evidencing Grantor's payment.Grantor will defend
<br /> titic to thc!'ra�x;rty ngeinst any claims that would impair the lien of this Security Instrument.Grantor agrces to assign
<br /> tu l.encler.ws requested by I..cn�Cr,miy i�ghU� c{at�s ar defe�.e�Gza�tor ma;l�nv�aoain�t parttes who supplV labor
<br /> o:matcrials ta maintnin or improve the Proper ty.
<br /> 9. DUE ON SA�I.�OR�NCUMBRANCE-Lender may,at its option,declare the entlre balance of the Sccured Debt to
<br /> be immediately due und payable upon the creation af,or wntract for the creation of�any ficn,encumbrance.transfer
<br /> ar sale of the Praporty.'11�is right is subjectto the restrictions imposed by federal law(12 C.F.R.591),as applicable.
<br /> This covenant shull run�vith the: !'ropeRy end shall remain in ef[ect until the Sccured Debt is paid in full and this
<br /> Sccurity Instrumcnt is rcicuscd.
<br /> 10. PROPER'fY CllNtliiiuiv.p►i.��i��+.'I'Iv�:�+^:� .:`:SP�L'T�G�l�. Gra.►t�r witl kPep the Pr��ertv in¢ood
<br /> condition and mAkc al!repairs that are reasonably necessnry.Grantor shall not commit or nllow any waste.
<br /> impuirment.or deteriaration af the Property. Grantor�vill keep the Property free of noxious weeds end grasses.
<br /> Grantor agrees that the naturc of the accupancy and use will not substantially change without Lender's prtor written
<br /> cansent.Grnntor will not permit any change in any Iicense,restrictive cavenant or easement without I.ender's prior
<br /> written consant.Grantor wili natify I.ender of all demands,ptoceedings,claims,and actions ngainst Grantor.and of
<br /> any loss or damagc ta the Praperty.
<br /> I.endcr or L.cndcr's agents may, at Lendcr's option,enter the Property at any reasonablc time for the purpose of
<br /> inspecting the Prop�rty. L.ender shall give Grantor natice at the tlme of or before an inspection spccifying a
<br /> reasonablc purpc� fnr thc inspectinn.Any inspection of the Property sh�ll be entirely for Lcnder's benefit and
<br /> arantor will in no wny rcly on Lendcr•s inspection.
<br /> 11. AU1'HORITY'1'U P�NFORM.If Grantor fail� to perform any duty or any af the covenants contained in this
<br /> Security Instrument,I.ender may,wlthout notice,psrform or cause them to be performed.(3rantor appolnts Lender
<br /> as attorney in fact tu tiign Cir�mtar's nc�mc a pay any amount necessary for performancc.I.ender's iight ta pedorm for
<br /> Grantor shall nut crcate an �ihligi�tton ta perform.and Lendcr's fuiluse to perform wtil not preclude I.ender from
<br /> cxercising any of Lcndcr'K othcr rights undcr thc law or this Sccurity Instruraent.if any construction on thc Property is
<br /> discontinucd�r not cnrricd un in u rcasonablc manner,Lender may take all steps necessary to protect Lendcr's
<br /> security interest in the Property.including mmpletion of the construction.
<br /> 12. ASSIGNMEN'�1'OF I.F:AS�ti hNp RENfS.C3rantor inevocably grants,.conveys and sells to Trustee,in trust for the
<br /> beneCt of I.�:ndcr,as udditiunnl�ecurity all the dght,title and interest in and to any and all existing or future leases,
<br /> subleascs,nnd imy othcr wriUcn or vcrbai ngrcemcnts for the use and occupancy of any portion of the Property.
<br /> including nny cxtcnslunti,rencw�►Is,mcxiiCc��tions or substitutions of such agreemcnts(all rcfcned to as"Leases")and
<br /> rents.issues unJ pr��fils(nll reicrrcd to as"Rents•"). Gruntor will promptly provide L.endcr with true and conect
<br /> copies ot nll exlsting nnd futurc Iw:aseti.Cyrnntor may collect.receive,enjoy and use the Rentsso long as Grantor is not
<br /> in dcfault under lhc tcrms ut thiv Sr.curity Instrument.
<br /> Grantor Ncknc�wlcdgcs th�d this u+signntunt is perfectcd upon the recordIng of this Deed of Trust and that Lender is
<br /> cntitled to notify nny ut Cirunt��r'x t�nnnt�tu mokc pttyuient of Rents duc or to became due to I.endcr. Howcvcr,
<br />— Lender agrcc�th+tt only on�cGu�lt will l_cnd�.r notify Grantor and Grantor's tenants and make demand that ap future
<br /> Rents be pitld clirectly tu I.endcr.On rccciving notice of default, Grantor will endnrse and deliver to Lender any
<br /> __�____a..an_..... u a.�H:�.n sr�ut fnr I n�kY and�vill not cotnminale the
<br /> �AylitCflZ OT RCltls Itt�iinnivi�e�niiicmwsum�v a.0.w....�°.:� .._......_��.._. �-----. .
<br /> Rents with i�ny uthcr funQx. Any umuu��ts c�tiilccted wtil be applied ss provided in this Security Instrument.Cirnntor
<br /> �vurrunts thc�t no dc6rolt cxixts�+n+lcr�hc I�n�:s�ir��ny urplicable landlord/tenant law.Grantor also ag�•ees to maintain
<br /> and requfrc�my tcnimt ta cumpiy wllh�ha;Icrmy��f thc[.cnscs and applicablc law.
<br /> 13. I.F:AS�;IiO1.US;CONI)IIMINIUM:�t i'I.ANNM:D UNiT UEVELOPMENTS.arantor agrees to cornply with the
<br /> provisiottm��i any Irux�if thtw ticcurity h�yinimcnt is��n a loasehold.If the Prope;ty includes a unit in a condominium
<br /> ur i� plimncd u�tit d�vcliipn�cnt,(irunt��r will perfc�rm ull af Grantor's duties under the covenants,by-laws,or
<br /> regulnU�ms ul'Ihc cunduminium ur plcmncd unf�dcvelupment.
<br /> Id. Df:FAUI:I'.(iruntur will Iw fn dc6u�l� it nny pnrty ui�ligntcJ on the Secund Debt faUs to make payment when due.
<br /> Gruntur will hc In dufsudt H a I�rr�ech aKCUry under tlic tcrms of this Security Instrument or any oiher document
<br /> (pepa 2 ofI)
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