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<br /> ' f3.All tuture advanccs from I.endcr to Cirant�r ar othcr future obligutions of Grantor to Lcndcr undcr any promissory '
<br /> , � ' nate. contract.guaranty,or other ev�dence of debt executed by Cirantar in favor ot i.cnder executed after this _ .
<br /> � .�'aecuriry Instrument whether or not this Security Instrument is specificaUy referenced. It mare than one person
<br /> �� `, signs thls Security Instcument,each Grantor agrees that thIs Security Instnunent wiil secure all fuwrc advanas and ��
<br /> .,. fsuure obligattons that are given to or incurred by any one or more (irantor,or any one or more Grantor and
<br /> others.AU future advences and other future obligattons are secured by this Security Instrument even thou�h all or
<br /> paR may not yet be advenced AU future advances and other future obligatIons are secured as if made on the date ��
<br /> M�� of this Security Iastcument.Nothi�tg in this Securiry Instrument shaU constitute a commitment to make additional ,
<br /> or futurc loens or advances in any amount Any such commitment must be agreed to in a separate wridng.
<br /> -�^•�--� C.Pal{obllgations Grantor o�ves to Lender,which may later arise,to the extent aot pra�hibited by law.inclucliag.but ��'=_
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<br /> , tsot Inmited to,liabiliries f�r overdrafts relating to any degosit accounE agrecment bet�veen Grantor and D..end�r. f� =
<br /> .� ID.f�llll additional sums advanced and expenses incurred by I..ender for ieuuring,presertving or oEherwise psotec¢ing ;;r�;�
<br /> • t:." tlhe Property and iYs value.and any other sums advanced and expernses ia�cuned by Lender und�r the terms of j'<<�,:�:.,�
<br />;,.+''•-, . �'� Q1hisSeCUtity��R.gtrument. __--
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<br />`'::`�N;�`� ' � TttnsSecurity Ins4tvme�t wi16 not secure any other debt lf l,ender fails to gve any xec�uired n�tice of thc rigCnt of rescissian. ---
<br />��;';:?��i��i.:.`L��;l,� y, P�#YNi�iV'�'S.�'9rantor agrees that al➢payr�enzs under the Secured IDeht wilE be paid ��hen due and in accordancc
<br /> ,r;is�t 1s y�� wi¢�ihe termsof the Secured Debt and this S�curity ipstruanent.
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<br />_ s t.,.,;,.,r�i��,, b, W p,Rl�AN'i'Y OF TITLE.Grant�r warrants that Grantor is ot R�IA be lawtully seized of the estate conveyed by this �
<br /> ��..,� Security Instrumeat and has the right to irrevocAbly grant,convey,and seU the Pru�erty io Tnutee,in trust,with
<br /> � �� p�wu of sale.Grantor also wanants that We Pcoperty is unencumbered,except for encumbrances of record. �
<br /> ' . 7. P1tI0R SECIIRiTY WI'ERES'I'S.With regatd to any other mortgage,deed of trust,security agr�ement or other lien
<br /> doct�►ent that created a prior secudty Interest or encumbrar►ce on the Property,Grantor agrees: -:.
<br />`�` ' `� A. To rnake all payments when due and to perform or comply wlth all cavenants. _
<br /> '�i! B. To promptly deliver to Lender any notices that(3rantor rcceives trorn thc holdcr.
<br /> � . .� C, Not to ellow any modtfication ar extenslon of.nor to rcqucst any futurc advanc.:s undcr any notc:or agrcement =
<br /> ;, ..s� sccured by the Iten document without Lendcr's prlor writtcn consent.
<br /> & CLAIMS AGAWST TiTLE.Grantor will pay all taxes. assessmcnts,licns,c:ncumbrances. Icasc payments.grotend
<br />'t"�:�LL,,�,,f,;. ' ressu,atif;ii�,a�d othsr r,hsrges relei�tg to th�Pr��rty whr��ciiu�.i.r.ndcr may require Grantor ta prc�vidc to l.cndcr =
<br />_•.,.-. .• •�;� copics otall notices that such amounts are due and the receipts evidencingGrantor's payment.Grantor wil!defend
<br /> �r—`"�r' titlelo the Pro ert a ajnst an claims that wouid im air the lten of this Securit Instrument.arantor agrces toassign
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<br /> --i.;��,;p�� ; to I.ender,as requested by Lendcr,eny rights,claims or defenses Grantor may havc against parties who supply labor
<br />="r--�� F� or rnatcrials to maintain or unprove the Property.
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<br /> �='�";�°-'' 9. DL16 ON SALE OR ENCUMBRANCE.I.ender may,at its option,declare the entire balance of the Secured Debt to
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<br /> '._����� be 1�unedlatety due aad payabte upon the creation of,or contract for the creation of,any Iten,encumbrancc,transfer �
<br /> _,�„w___�;r,_,-� or sde of the Property.This�t is subject to We resMctions imposed by federal law(12 C.F.R. 591),as applicable.
<br /> -.__;����,�,� T'I z i�c o v e n a n t s h a ll r u n with t e Pro p e rt y and shall remain in effect until the Secured Debt is peid in tull aad this
<br /> _�_,, �� Secutity instruinent is released
<br />_-__-�;;�;;�;;�.� 10. PROPERTY CONDITION,ALTERATION$AND INSPECTION. Grantor will kcep the Property in good
<br /> --�=-_.��s conditian and make all repairs that are resasonably necessary.Grantor shall not commtt or allow any waste, _
<br /> _---�,•� impairenent,or deterioration of the Property. Grantor wiU keep the Propesty free af noxious weeds and grasses. _
<br /> -- -�%�� Grantor agrees that the nature of the occupancy Q^d use wilt not substantiaUy change without Lender's prior written
<br /> -�==~��«++ conua;.Grantor will not permit any change in any li ense,restrictive covenant or easement without Lender's prior
<br /> - — wriuea oonsent.Grantor will notify Lender of aU dem��ds,proceedings, claims,and actions against Grantor,and of _�
<br /> ---�— any loss or damage to the Property. "4,'
<br /> -_—`---— Lender or Lender's agents may,at Lender's option,enter the Property at any reasonable time for the purpose of �=`
<br /> ��-� inspecting the Property. Lendor shall give Grantor notice at the time of or before an inspection specifying a
<br />-- =::�°.=�.`� reason able purpose for the inspection.Any inspection of the Property shall be entirely for Lender's benefit and
<br /> °—'-='7e`-��`'� Grraotar wi11 in no way rely on Lender's inspection.
<br /> --=°'='a� 11 AVfHORI'fY TO PERFORM.If Grantor fails to perform any duty or any of the covenants contalned in this r;:
<br /> -°=_�,:�� Secnrity Inst�ument.Lender may,without notice,perform or cause them to be performed.Grantor appoints I.ender ::,.
<br /> ---"�� as ano�ney in fad to sign Grantor's name or pay any amount necessary for performance.I.ender's right to perfonlY►for
<br /> _�_;�� Graotorshall not create an obligaGon to perform.and Lender's failure to perform wlll not preclude Lender fro�n
<br /> °°_-��� exercising any of Lender's other rights under the la�v or this Securiry Inshument.If any construMion on the Prope�ty is
<br /> ° �=�'�'� discontinued or not carried on in a reasonable manaer,Lender may take all steps necessary to protect I.cnder's
<br />-�';�;���-�-�; secnrityinterest in the Property.includ3ng completion of the constructlon.
<br /> ' %-°•���c`•� u. �►S9IGNMENT OF LEASES AND RENTS.Grantor irrevocably graats,conveys and sells to Trustee,in trust for the
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<br />-�':•,� ;,;. beno6t of I.ender,as additional security aU the right,title and interest in and to any and all existing or future teases,
<br />=_���-�,:��--..` su6kases, aad any other written or verba!agreements for the use and accupancy of any portion of the Property.
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<br /> :�-��::,:��k� including any extensions,renewals,modifications or substitutlons of such agreeraents(all refened to as"I.eases")an _�_�
<br />== . ��-i-� renis, issues and proHt�(all referred to as"Rents").Grantor wiU promptly provide I,ender with true and correct _
<br /> L T��`"`�"`" capies of all e�nsting and futwe Leases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor is not
<br /> - � in default under the terms of thls Security�nstrument. _
<br />'-�- �•�' G rantor acknowledges that this arsi�nment is pedecced upon the recording of this Dca:d of Trust and that Lcndcr is =
<br /> -__ `____ - enti�ed to not��.�_Gts�ntor's tenants to make payment of Rents due or to become due to Lender. However. —
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<br /> ' • [�'•"''�" �AdCZ 8�C�1Str0 on�lefault wili L.ender notigy tirantor ana vrancor's�Cnan�d�..;���ar��..u�.•.••••�.�«•••%-^'� _
<br /> •�¢� Re�s be paid directly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lender any =
<br /> . � payment of Rents in Grantor's possession and will receive any Rents in trust for I.ender and wili noi commingle the p;_
<br />� � ReMs with any other funds.My amounts collected will be applied as provided in this Securiry Instrument.Grantor �-
<br /> • ,;°`��'••' warrar�ts that no default exists under the Leases or any applicable landlordltenant law.Grantor also agrees to manntain �_
<br /> � ���;[�:i.>:r,.
<br />`,:',ry;r.,ti;r,"'="'Y'' andrequire any tenant to comply with the tcrms of the Leases and appGcable law. �::;
<br />- � '� "���'`�``� � 23. L�ASEHOLDS;CONDOMINIUMS;PLANNED UNTf DEVELOPMIEN'f3. Grantor agrees to comply wiih the 3�-
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<br /> • � . i-�:;,, _ p�orisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condomiruum _,
<br /> '��'%���• or a lanned unit development,Grantor will perform all of Gr�ntnr's duties under the covenants,bylaws,or
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<br /> .'�•t::;�' regulations of the condominium or planned unit development. .
<br /> �� 14. �L+FA�ULT.Grantor will be irt default if any party obligate�on the Secured De�t�an�s to make payrnent when due. :,.._
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<br /> GrrnLOr will be in default if a breach occurs under the terms of this 5ecuriry instrnnmernt or any �th�� �ocan�ent f
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