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<br /> . , � ,` . H.All funue advanc�from Be�aefcimy w T:nstor os ot�er fudtte obli of'hustor w Seae6ctaiy under aay - . .
<br /> nst ' . �':
<br /> ,, prom9ssory nflte.conuact,guardaty.or other evideuce of debt by ltusn�r in favor of BeneBciary executed -_ -.-. ----
<br /> '<. �` after this Sec�uity Insuu�ent�hether or not this Ssauity Insmmaent is speci8cally teferenc�d. If tnore tbaa o� �� �,i`=�-- .
<br /> pe�son sig�s thia Security,Iaspnmtent, � Tmsror a�rees tl�at Wis Se�a�iry Insor�t will secarz all fiu�ue .� � .
<br /> . ` a�ces and futnre obliga�aas that are giv�to or iacan+�d by any oae or iaom Tmstor,or aay one or mo�+e Tivstor � � �
<br /> � . and othets. All fhture advances and other futaie obliga8ons are sxured by tLis S�cauity inst�umeat evea thwgh all '
<br /> . , .. or pa�rt may aot be advaaood.All fuuue a�vanoes a�W other fuw3e obLgations a:e seia�:ed as if made on the dffie '
<br /> . . ` � � . of Utis Security � Noti�ing in tbis Seauity Insaument shall wns�tute a a�itmffit to make additionat or � ' - .
<br /> � . .;: futvie Ioaas or advances in ai►y ammmt.Any surli caaunimaent must be agreed w ia a separate writiag� , . �
<br /> a►y
<br /> — C.All obli�ations Tnutor owes w Seaeficiary.whidi may later arise,to tt�exteat not pro�ited by law including, . .�,
<br /> . --_���'"`� but not limited w, liah� for over�cafls telatin g to a a y d e posit account a g c�e e m e a t b�vve� �'n�swr and _ ,_ . —_! - -
<br /> "'`' j D.�d►�'tt'ryonai sums advanced�d�iac�ttr�i by 8�e&ciary for i�svring,pr�e�nrIng oz otherwise pm r .� �.�. °
<br /> WIS
<br /> ', the�Propeny��vatne and any otHer s�adv�ced and expenses�ed by Beaeficiaiy under the tea�of .
<br /> � . ty �:
<br /> � ` ' T6is Se�auity Instiomeat will not sachue any other debt if Benefciary fa�7s to give sny iequired uotice of the right of -- , �
<br /> � e aui : &' _,
<br /> � . :• rescissioa .
<br /> ' � 5. PAYMENIS.Tnutor agrees thai aU pa �der the Set�ued Debt will be paid wha►due aad in amurdaace wirh the �.Y�`;'�_
<br /> � - _' ,w{ terms of the Se�ed Debt and thia�Ins�t. .�'{:-T"�'"
<br /> �s "���. >.�.
<br /> • �. :i .-,. --
<br /> ' . 6. WAS1tANTY OF TlTd.E.TnisDor watraats that Tmstor is or w�l be law�ly sei�ed af the estate conveyed by this > : :`:�-''` .
<br /> � Seamty Iasm�t mid has the right to iaev,arably grant•caaveY,aud seU tbe Ftopeny w T�astee.Ia trast,wrth gawer of f.`'.; �.`
<br /> ' - saIe.TnLStor aLso wanants that the Property is un�be�+ed.exoept for eneambzances of zeoord. �
<br /> . . ?. �i �IZ:►EC�l81T�I�11'r�.�lth�LO SII9 Ofh2i IDDI[�ge tlL'Ed Of uUS�,SC�LY SgI�12IIi Of Ot�!�. lY b'l S+}��r °=_
<br /> dowmeat tBat cceated a psiar s�uity intec�st or encvmbrance on the Pm'ge�y.Tmstor ag�ees: ..�,°��,r`y _
<br /> � � A.Tn m2ke 211 paymfrit9 wheD dIIe en�to peifoaa oi comply witIl all o¢c�nants. ���, 'e.�r<<__ �-�
<br /> , . . _ B.To pmmp_tty deliver to Benehciarq aay rmttces that'I'NSror reoeives fmm the holder. - �.:�;°.-:;.--
<br /> ..' - ' �--� - C.Not w elIow any mndi�catIoa or ext�.stoa of,nnr toreqaest any fumre advances under aay note or ngr�t ` <'�:r��r.
<br /> `• � secured by t�e lien docuu�ut withmu Beuekciary's prior wrtuen cansent. ` `"".-_�
<br /> ' . � g. [�r.Anwc AGI#Il�1bT TiTL� Trastos w�71 pay all tarzes,a�,lfeos,�s�biances,lase paym�ts,grmmd t�. -���
<br /> � � ' at�itles.aad ather charges zetating to the Prop�ty whea dua Beaefiaary may t�nine'IYnswr W p�'�to EpieficIary . �•�'�'"�•
<br /> u ".;�.. �a.
<br /> ` " _ oop�es of all notices tiiat sucb amnmits are due-and the recelgts evIdencing Tnutor s paymeat Ttusta�r�.defend tttte w - =�--�.
<br /> ' ' � ;,,- the Pro against an claims tbat wauId 'mopaa the liea of Wis S�► Ias�. Tiastor �SS to�to ,..',:��.:
<br /> Be� ,as Beueficiary,any rights,clai�or defeases Tmstor may t�ave against parties who supply r
<br /> � � or a�ate��s to a��orb�pmve the Pcopeny. . .i,.�.�..'
<br /> , �_,��_--�.��.
<br /> .' .: _ • 9. DiJE ON SAI,E OR EDTCUi1�RANCE.Bea�ary may,at its optiam,declar�the eotire balamcx aP t�Secured Debt w �"���-
<br /> : �; i� b�immediateIy dne aud,p le upon the cceation of,or wnuact for the�atiaa of, ll�,�ce,t�ansfer or '~�x:�=��i:
<br /> • . . sale of the Pmgeny.'IL�s��yt is subject to the�,uicdons Imposed by federal Iaw(12�.P.R.591), as cable.'ILis� �'�'."��,--�:
<br /> ' ' � . covewmt shall nm with the�rO p e rt y and shall remam ia effeet until the Secnred Debt is paid in fall�thia S�ity '�'"'._,�';
<br /> ' � Ins�t is released. , ' .,,�`
<br /> . . � �,.' .�.�
<br /> -----'----= . '` - 10.P80PE1.4�'Y CONDITIOPi.ALTERATIONS AND INSPEG°I'IO1V.Tis�stor will keep the Pm�ertF�a gaad ce��on .�' '"':•°``�
<br /> �--� aad maKe a11 tbst are r�ason2biy neceasary. Trustor s�ari noi aomanit or eIIaw aap avzsr� ¢��;_ ar - ° —
<br /> � ari
<br /> ., :;. deterio:aSon of�Property Tiastor wDl keep the Praperty&ee of noxious weeds and gzass�.Tri��c a;r�es t�the :,..�; ,�,�
<br /> : natu�e of the occupancy�d. ass , .-.----�
<br /> ' � use w�l not substandally change witboat BeneS�y s prior writtea cons�.'�t�ter acw�^At ..�''. -
<br /> , �."; pem�it any change inaay licease.iesMctive wvenaat or easement without B�Ciary's prior wriuen oc��Tn�ra�iII ��,_��'=�;�==�`=
<br /> � . �lify Bwefciarq of all demands, proceedings,claims, and actions against'Tnutor.aad of aay la�s cr.damage�'the '' "!���-_-�-.
<br /> . I'mperty. �;.<_
<br /> . t>.,
<br /> � � Beneficsary or BeneS 's may,at B�uefi 's o don,enter the at reasoaabte time fo:the se � �
<br /> �Y P �P�9 �Y ��= .
<br /> . of i�pec�ng the Property.�e&clary shall gtve r,notice at the dme of or 6efore aa oas� s _ _:.:.1�•,�=�
<br /> . ; :rasanable��parpose for the eaion. Any inspection of the �icaperty ahaU De�tinmiy for B�clary's 1 e� t��and -_ �---_-
<br /> � ,:; . Tn�stor wUI Ia no way zely o�enefrciaiy'a inspecx�on. .. .. --
<br />��: . ..
<br /> • � 11. AUTIIORTI'Y TO PEItFORM.If 7Yustor fails to perfmms srsy daty or atry of the oovenants aontained ln thfis Secutity • �
<br /> om
<br /> � Instrameai. Benefic�y may, withont notice, Eerfom►oa�nse tIIem w be olmed. Ttnswr omrs Beaefic�aty as .��
<br /> � S� . auaruey in fact to s�gn Tmstor's mm�e or gag�^y amuuaa a�essary for pert�i�ce.Eeneflctary�right to�er�oim for � '� �--
<br /> � • Trustor s�aU not c�eate an obligazion to aad B�:ary's failure to perform will not pieclude BeneSclary��om „, ` ., �
<br /> : �'� +�� exerclslng aay of Beaeflciary's adzer ri ts n:*der the 1aw as 3�ia Seauity Iasuaatent.If any ooast�uct�on on the P��► .. � . :,�1"`�t� ,�;-
<br /> �:'Y`;'�:�`• � tlnned or nat carried on iq a reasaaa.,.e manaer, Benefrciary may take aU steps necessary to pmtect Benefl s �'� '� �
<br /> 1 ;.�',• 1B d3S00II +•• . , - r r. -.
<br /> - : ,`�• � ; secauity iaLerest in the Property.inciuding aaa�"etton of thecoastructlon. ;. � • .
<br /> ; , c,� ..'.�.
<br /> -� , � 12.AS3IGN14ffiV'P OF LEASES AND REN�'S.Tn�stor irrevocably�rents. aonveys and sells to Tn�stee,ia uust for the -, � � .
<br /> : : benefit of BeneficIary.as addit�onai srocurIty all the ri�ht. dde and mterest in and to aay�d all existing or fnnue[�ses. . �
<br /> -? �� ' subleas�.and aay other written or verbal agrcements for the use and occupanty of any ortIon of the Praperty,iu�� . �:,�,.. '
<br /> - .�.., ;;: , : ' any extensions reaewals.tnodiflcatlons or subsdtut�ons of surL agreements(all ref�to as"LEases")aad rents.c�es .� �
<br /> t �� � aad pmfits (sl� referred to as "Rents"). Tinstor anU promptly rovtde Bene�witb tras and currect�es of all .•' . :
<br />- � ' � � exLstIng and future Leasea.Tntstor may collect,receive,eaJoy�ase the R�is so ong as Tiustor is not In d ault under ' � �
<br /> !he teims of this Seturity tnswment. 'h,': ' • '
<br /> _ �r;;. . � .
<br /> T�r aclmowledges that thls ass3gnment'rs�ected upon the recording oY this Deed of Trast and that B�efidary is �, � �
<br /> - � ,�: :� eadtled to notify anq of Tiustor's teaaats to rn�Ice pay�t of Renta due or to bocome due W Beneficiary. Hoarever, . :�:;}f:,�;;�,:';.
<br /> Beneficiary agrees ttiat oaly an clsfauIt will�eaefis�arq ao6fy Trusta:and Tmstor's t�aais and make demaad thai aU .
<br /> :. . ..: � future Rents be pa�id d'u�ct1 ue&�efi ' dn �_"�.;.�
<br /> �y c�ary; ceeeiyir,�ncrice of default,Tn�stor ai11 e�doise aad deliver to Benefi '
<br /> any payment of Rensa in Tn�swr's gosseasiaa��d wil1 receive aay Rents ia wst for BeneRclary and wU1 aat camala�e
<br /> --- the Rents with any other flinds.Any amouats collected wiU be applied as pmvtded ln this Seauiry Insuumen�T or -
<br /> � �. warrants tbat no default e�cisis under the Leases or any applicabls Iaadlorditenant law.Z'custar also agrePa to maintaia and �`�— -
<br /> '. : . .. require any tenant to comply with the terms of the l.eases and applicable law. • �
<br /> 5....
<br /> . . 13. LEASEHOLDS; CONDOMIIVIUMS; PLANNED UNIT DEVELOPNiENTB. Tiustor agrees to cam�1y wie� We t . - � . � .
<br /> � pmviaions of any iease if tWs Security lnswment is on a leasehold.If the Pnpeny inciudes a unit in a oond�m9nium or a � � � �
<br /> -=- . plaaaed,unit develapmeat.Tmstor�n11 perform all of Tnistos's dut�under Uce covenants.by-la�vs,or re�ilatians di the .�,__., , �.
<br /> - condouunium or planned unii development.
<br /> , _ .
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<br /> . . . roage z of41 • '.. .�
<br /> , • . Oi990 Bnntms Slritmn�.inc..SL Ctud.MN It-9pG397•23011�wm RROTNE /3/7398 ' . '
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