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<br /> 9. DLTE ON S�.E OR ENC�JIVI�Y2t�1�]C�,. Beneficiary may, at its option, declare the entire balance of the
<br /> Secured Debt to be iminediately due and payable upon the creation of, transfcr or sale of all or any part of the
<br /> Property. This right is subject to the restrictions imposed by federal law (12 C_F_R. 591), as applicable. This
<br /> covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and tfiis
<br /> Security Instrument is released.
<br /> 10_ PROP�IZ'I'X CONDI'I'ION, AI,�'�RA'I'IONS FLNI3 INSPEC'I'ION. Trustor will keep the Property in good
<br /> condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste,
<br /> impairment, or deterioration of the Property. Trustor will keep the Property free of noxious weeds and
<br /> grasses. Trustor agrees that the nature of the occupancy and usc will not substantially change wi�hout
<br /> Beneficiary's prior written consent. Tnlstor will not permit any change in any license, restrictive covenant or
<br /> easement without Beneficiary's prior written consent. Tnistor will notify Beneficiary of all demands,
<br /> proceedings, claims, and actions against Trustor, and of any loss or damage to the Property.
<br /> Beneficiary ar Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for
<br /> the purpose of inspecting thc Property. Beneficiary shali give Trustor notice at the time of or before an
<br /> inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely
<br /> for Beneficiary's benefit and Trustor will in no way rely on Bcneficiary's inspection_
<br /> ]1. AU'd'�€012%'I"�' �'O PEE�'ORM. If Trustor fails to perform airy duty or any of the covenants conCained in
<br /> this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor
<br /> appoints Beneficiary as attorney in fact to sign Trustor's name or pay any amount necessary for performance.
<br /> Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure
<br /> to perform will not prcclude Bencficiary from cxercising any of Beneficiary's other rights under the law or
<br /> this Security Instrument. If any construction on thc Property is discontinued or not carried on in a reasonable
<br /> manner, Beneficiary inay take all steps necessary to protect Beneficiary's security interest in the Property,
<br /> including completion of the construction.
<br /> 12. ASSIGNn�N'I' OF'LEASES PeNI3 P2ENI'5. Trustor irrevocably assigns, grants and conveys, to Trustee, in
<br /> trust Por the benePit oP Beneficiary as additional security all the right, title and interest in the following (all
<br /> referred to as Property): cxisting or future leascs, sublcascs, licenscs, guarantics and any other written or
<br /> verbal agreements Yor the use and occupancy of the Property, including any extensions, renewals,
<br /> modifications or replacements (all referred to as Leases); and rents, issues and proYits (all reYerred to as
<br /> Rents)_ In the event any item listed as Leases or Aents is determined to be personal property, this Assignment
<br /> will also be regarded as a security agreement. Trustor will promptly provide Seneticiary with copies of the
<br /> Leases and will certify these Leases are true and correct 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
<br /> be provided immediately after they are executed. Trustvr may collect, receive, enjoy and use the Rents so
<br /> long as Trus[or is not in default.
<br /> Upon default, Trustor will receive any Rents in trust for Beneficiary and will not commingle the Rents with
<br /> any other funds. Trustor agrees that this Security Instrument is immediately effective beYween Trustor and
<br /> Beneficiary and effective as to third parlies on the recording of this Assignment. As long as this Assignment
<br /> is in effect, Trustor warrants and represents that no default exists under the Leases, and the parties subject to
<br /> the Leases have not violated any applicable law on leases, licenses and lazidlords and tenants.
<br /> 13. Y.EASEgIOY,DS; COIVDONIYNYLTIVIS; I'Y.ANN�+ID iTNIT Y3�V�I,OPM�NTS_ Trustor agrees to comply
<br /> with the provisions of any lease if this Security Instrument is on a leasehold. IP the Property includes a unit in
<br /> a condominium or a planned unit development, Trustor will perform all of Trustor's duties under the
<br /> covenants, by-laws, ar regulations of thc condominium or planned unit development.
<br /> 14. I3�NAUI,T. "Trustor will be in default if any party obligated on the Secured Debt fails to make payment when
<br /> due_ Trustor will Ue in default if a brcach occurs under the terms of this Security Instrument or any other
<br /> document executed for the purpose of creating, securing or guarantying the Secured Debt. A good faith belief
<br /> by Beneficiary that Beneficiary at any tiine is insecure with respect to any person or entity obligated on the
<br /> Secured Debt or that the prospect of any payment or the value of the Property is impaired shall also constitute
<br /> an event of default.
<br /> fl5. 12E1�EDYES ON DE+&'AiJI.'I'_ In some inslances, federal and state law will require Beneficiary to provide
<br /> Trustar with notice of the right to cure or other notices and may establish time schedules for fareclosure
<br /> actions. 5ubject to these limitations, if any, I3eneficiary may acceleraie the Secured Debt and foreclose this
<br /> Security Instrument in a manncr provided by law if Trustor is in default.
<br /> At the option of Seneficiary, all or any part of the agreed fees and charges, accrued interest and principal
<br /> shall become immediately due and payaUle, after giving notice if required by law, upon the occurrence of a
<br /> default or anytime Lhereafter. In addition, Seneficiary shall be entitled to all the remedies provided by law,
<br /> the terms of the Secured Debt, this Security Instrument and any related documenCs, including without
<br /> limitation, the power to sell the Property.
<br /> SecuriTylnstrument-Consumer-NE RE-DT-NE 7/1/2011
<br /> VMP�6ankers SystemsTM' VMP-C"165(NE) ('I'107).00
<br /> Woltars Kluwer Financial Services m7994,2011 Page 3 of 6
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