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<br /> B.All thture advu�ces f�m Beneficlaey to Truator or o�her tLtwa obNgationa of 7tustor to &neficiary under any -
<br /> , '. promissory aote, conuact,guvanty.or other evldence of debt executed by Trustor ln favor of Benefleiary exxuted
<br /> � after thte Securlty Inttrument whether or noi thie Secudty Iastnurxat la specifically nferenced. If moro thu► oae
<br /> person eigna thie Securiry In�trumeAt. e�ch Tniator agres�s that this Security Imtrumeat wiq sectue all thtaue _
<br /> i advancea and future obli �ion�Wtt�re givea to or Iac�by�ay one or more Truator,o�any one or tr�ore Trostor =
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<br /> �tud othero. All li�ture�dvusc�and otha fltture obligulons are aecured by thia Security Instrument evea though a11
<br /> or put may not yet be advancod.All ti�ture advances aad other thture ob1Igatlons are secured a�if made on the date
<br /> . � of this Security Inatnur�at. Nothing Ia thie Security Iustrument shall coustitute a cumYniunent to make addit�anal or �
<br /> , �i� thture loana or advu�oes la any amount.Aay such commiunent must be agroed to in i sepuate wdting. _
<br /> C.AU obllgations Trustor owes to Btueficiuy. which may later erise, to We extent not prohibited by-law including
<br /> ;,,,.r*�`3 but not litnited to. liabilttla for oveMrafts relating to any deposit account agreement betwcen '�'n�swr sud _
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<br />� � D.All Addltional suav�dvanced�ad eape�es incurred by Beneficiary for insuring, preservtng or otherwise pmtecting _,.
<br /> j the Property aad its velue�nd any o etb r sumv advaaced and expenses incurred by Brneficlary under the terms of this
<br /> ? Srcurity Inatrumcnt. _
<br /> � � 'Ihis SecurIty Iastcumeat wlll not secure eny other debt if Heueflciary f�ils to glve any requind notice of the dght of
<br />� , tesclssion.
<br /> S. PAYI�N'd'S.Trustor agrees thtt dl piyments uader the Secured peht w�l1 be paid whea�ue and in accordaace with the
<br /> • terms of the Secured Debt end tdis Security Instnunent. -
<br /> �' 6. WARRANTY OF 1Tl'LE. Tiustor warrants that Trustor is or will be lawfully seiz.ed of the estate conveyed by this
<br /> Secudty InsMUnent aad has the dght to irrevocably grnnt,convey,and sell the Property to Trusue, in tnut. wlth power of
<br /> � sale.Trustor also warraats that�he Property is unencumbered,except for encwnbrances of record.
<br /> .,. 7. PRIOIt SEC[JItiTY IN1EItFSi'6. With rcgud to az►y other mortgage.deed of hvst,secudty agreemcat or other lien
<br /> document t�at creued a prtor aa�uiry intectist or encwnbrance on the Property,'IYvscor sgres:
<br /> A.To make�Il paymeuu wh�a due�nd to perfama or comply wlth rll oovenuite. _
<br /> • * _ B.To promptly deliver to Baieflciary aay nodces that Truator rxeives from We holder. _
<br /> C.Not to allow any modiflatioa or extension of, nor torequest any future advanca undcr aay note or a�reemeac =
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<br /> ' � secured by the liCn document wtthout Beaeficiary's prIor written coasent. _
<br /> � 8. CLAIMS AGAIIVST'I'1TI.E.Trustor wUl.pay a11 taxes,assessmente liens.cacwnbranca, lease payments.ground reuta,
<br /> utUides. aad other charges crl�ttng to the Property whea due. Benet�ciary m�y rec�uire'llustor to provide to Beaeflaiary
<br /> copies of ell notioa thu such wonnte tre due-aud the raxipts evideaaing't'ruswr a payment.Tmsror will defend dtle to
<br />- the Fropercy agaIuat any cla3an that would impair the lien of this Security Inet:umeut. Ttustor agras to as�iga to
<br /> - ____-_— Ar_.n'fic;rry;aare�uestal bv Bea�flciary,any rtAl�ts.clai�or defeases Trustor may haveagainat pardes who supplylalwc
<br /> - � ' or meted�la to ma�nta�u or l�rove the Property.
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<br />�'" •�-• 9. DiJE ON SALE OR ENC[JMBRANCE.Beneflciary may,at ita a tton�declare the entin balance of the Secured Debt w
<br />��� � be iuunedlately due aad piy�ble upon the creation of,or coauact�or the enxtloa of. any lien,encutnbrmoe,traosfer or
<br />-���u:,��� sale of the Prope�ty.;IhLt ri�tic fs subject to the restrictlons imposed by foderal l�w(12 C.F.R.591), as Applic�ble. ZLis
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<br /> �;�, coven�at shall run v�nch the rropeny and shall mnain in effece until che Secured Debt Is p�td in full and this ty
<br />,';�;':;�_,��} Insuur�at is releasod.
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<br /> -`--.,lv. • :. 10.PROPERTY CONDITION• ALTERATIONS A1VD INSPF•C'1'ION. Tcustor wIU Iceep the Propetty in good ooadition
<br /> ,,, ��•° and make alt th�t ue sr,�eon�biy neoeaeary. Tr�acor atWl not oommIt or allow �ny w�ate, i�nptitment. ot
<br /> _�`','��`:-:�:� �opd�ty wlll keep the Prope:ty free of no�ciow woede and gr�wa. Trustor s�rxa tlwt the
<br /> �W.��;��-•.-. deterloration of Pr 1Y»ator
<br />=�•=��'� nature of the occupancy-�nd uee w111 not subsuntidly ch�nge without Heaefle�r's prlor wrItten oonseai.Truswr wlll not
<br />__vy.t. p,,•�mit aay change ia any li�e�e. resulctive cov�nsnt or e�aana►t without Beaeficiuy's pr�or wrIttea oonieat.Ttuttor wW
<br /> -=_�'����� nodfy Beneficitry of all demmds,Prooeedinga. cltims, and actions ag�inat Tivawr, �nd of any loss or d�auge to d�e
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<br />��="'��; Beaef c or Beaeficiuy'e agenta ma,y,at Bweficiary's aptlon�enter tbe Property at t�ay c�asonable time for the
<br /> —�-:� _= of the property. Baieflciuy e�ll,give Tnutor not[ce u the tlme of or before an �cd on t
<br /> ---- - rwonable for tLe ���on. Any u�tpxtioa of the Property sh�ll be entinlY for Beaei"icluy's��
<br />— --._----�� Tcvawr W no way rely on Beaeficiuy's inepxtlon.
<br /> _.�.;a;��;� 11. AUTHORITY TO PERFOiiM. If Tmscur faila w perform any duty or any of the covwanta conuined in thi�SxtultY
<br /> Instnunent. Beneficiary m�y.without noNce. perform or cause them w be perFoisoed.TrusWr aPpoiats BmcRciary u
<br /> "-t-"'�`''"� attomey in fia to sign Tcustor's n�me or pay u►y amount neoeasary for perfomuaoe. &aeflciiry a r�ght to orm for
<br /> - �� Tn�awr ahall not create an obUEatIon t perform.and Beae�ciuy's failure to perform wUl not preclude ironi
<br /> ,��_.�, exercia�any of BeneficIuy'e other rigfite uncler the l�w or this Security Instnuneat. If uiy a�nsauesion on the Pm�est�r
<br /> _���� is discoadnuod or not c,�rcied oa ia a reasonable manaer.Beneficiuy may take�11 step�neceasuy W pmtect BeneBc�ary s
<br /> �--��;;.:;,,� securlty�nterest ia thc Properry,includlag campletioa of the constcuction.
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<br /> - -"�"'r� 12. AS3IGNMENT OF LEASES AND RENTS."lYuator irrevocsbly grante, wnveys udd selle to Teusta, in uuat for tbe
<br /> '::-.v��� benefit of Beaeflciuy,�s�ddid�mi securIty�ll the rIght,title aad interest ia and to eny�nd all eacisting or thnu+e Iwa,
<br /> - "- �'��s• subleases,end�ay other wrtaea or verbal Agreanatta for the use and occupancy of any rtion of the Property.including
<br /> �1N::�-_�°° any eatea�Iona naew�la,m�odi�iCC�tions or substitutiona of sucit�grameata(all re�o is"Lea9es")�md reate�issuea
<br /> -.:;_;,.,, R and profits (�l{ referred to ae"Reats"). Tzustor wlll pmmpdy mvide Beaefic wlth uue and oorrxt wpia of�ll
<br /> �� :��•4., usc the Reate so ong t�Trustor is not in de a
<br /> ,`� �. . ` tUe tenrmiaof h�i SeCtl�rl��Iqsty Ttru�nr enmmay callect,recetve�enjuY� f ult unda
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<br /> . Tn�stor acknowledges that t�ie asst&nment is perfected upon the r000rding of thia Deed of Tcust and that&nefictary is
<br /> ` <�� � entItlod to aotify any of'fYvstor'e tenante to make payment of Reats dne or W beoome due to Beneflciary. Howeva
<br /> - � � � � Beneficiary agrees that only on default wUl BeaeficIuy notify Truator and Trustor's twants and malce dmaaad that �l{
<br /> � � funue Rents be aid direcdy to Henefictary.Oa reoelvIng aotia of default 'llrustor will endorse and deliver w BweSciuy
<br /> ,��;;;g,�''''.;n any payment of�ents ir►Tivstor'e posses.+ioa and will rxeive�ay Reata�n trust for Bta�RcIary and will not oommingle
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<br /> ,j,, �. � the Renta with aay other fund�. My a�munta coAxted wilt be�pplied t9 provided in this Security Instrunxat.'Itwtor
<br /> ___'__,.:-_.:__�'_ ' .. . . �!�"'�' "i�_.._��.L_ r�����.�..�ts..�il*��.tf...�Al�....n�t..0 Tn�atn►�len�nrwwe tn tns;ntf;ff!!l�
<br /> ,- „-.-"-,r���;�fi�- WHL[iIIID lIIll nV UCI�I{ttt 6AtOt0 uu�ct u�c a�c�eco vs au�a�rruwwv�rn.•wr•........»... ....�. ..---p---- -- --
<br /> ' require any tenant to camply with the ternu of the Leaaos end apQlicable law.
<br /> � 13. LEASEHOLDS; CONDOIMNIUMS• PLANNED UNTT DEVEGOPMENI'S. Tzvswr agtoes to oomply with the
<br /> _ � pmvisiona of aay lease if this Securlty�(nsuument is on a leasehold.If the Propetty includes a unit ia a condominium or a
<br /> planned unit development,Tnator will perform all of Trustor's duties undcr the oovensnts,by-lawe,or regulations of the
<br /> � condominium or plannod unit development.
<br /> fpags 2 0/�)
<br /> - .. ' m1991 DeNnrs SYKNn6 Ine..St.Clad.fA�t t-0OOJ97-2�411 Form RE•DTAE 12I2�/BE
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