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<br /> `` ' ��°'; B. AU(uture ad�vaz�ces from Lender ro Grautor or ottter futUre obligadons of�rantar to l.ender vnder any promissory
<br /> :: � � aote.oontrast,guaranty.or oWer evidence of debt executed�6y Grantor in(avar of Lendec executed after this �.';
<br /> .r�, . �' Sccutiry Instnmtent whether or not this Security instn�eat is specifically refereaced [t tnore than one petson ''`.�°
<br />. � � � . . - sigps this Security Instrament.eac6 Granior agrees that tdis Securiry Instrument�v�l secure a!!future advanoes and ' .',
<br /> ��t;. : r���:,, future c�bligatioas�tiiaat are given to or iacurred by aay oae or more Grantor.or any one or mote Gcantor and _:
<br /> othe�s.All futur�advaaoes and oiher future obligatioas are seciued by this Secusity instrumeat even thoug6 all or
<br /> ., ' ` N`f`.', part way aot yet be advaaced.A11 future advaaces and other future obligations am secured as if made on the date `� 'A
<br /> ,.�_���, of this Security Instmmeat Natbin�ia this Security Instniment shalt aonstiwte a oomraitraeAt to make additional _._
<br /> � or futiue Ioans or advanoes in aay amount Any svch wmmitrnent must be agreed to in a separate wciting. � ,�
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<br /> ._;�_ _ _ G All oblig�t�ons Grantor owes to I.eader,w6ich may later arite,to the extent aot prolu'bited by la�v,iacluding,but �,°:,:;
<br /> � -. aol limited to,liabilities for overdrafts relating to siry deposit acxount agreement betweea Crantor aad Lender.
<br /> ' '. _ . D. Ail additional sums edvaaced aad expenses incurred by I.ender for insuring,preserving or otheiwise protecting ,�i,
<br /> . � the Property and its value and aay oiher sums advanoed and expenses incurred by Lender uader the tenas of '°,`
<br /> � , t�is Security Instnimen�
<br /> ` , . 'iliic Securrtp�ent w�I not secure any other debt if I.Ender fa�ls to gjve any recJu'ued aoriee of tf�e right of�an. 'r���
<br /> �� ` � �::.`.�Ic= 5. PAYR�IoPI'S.Gtantor agrees that all payments under We Sesared Debt arilt be paid when duc and in aocordance
<br /> ' , - � wiW the tem�s of the Secured Debt aud this Se�auity IasWmen� ��'.�:�.�
<br /> ' �' �`' ��`'� 6. WAItRANTY OF'IYTLE.Giantor warranis t6at Grar�tor is or will be lawfully seized of the estate conveyed by tUis �`,�
<br /> ��4 • .. Security InsWment and has the tight to iaevocably gan�comrey.and setl t6e Property to Trostee,in trust,witb
<br /> � � power of saie.Gnntor aLso watraats that the Property is�meaa�mbered,except for encumbranoes of record. � �
<br /> � ?. PItIOI�SECUdt[r1f INTEItES'I'S.With re w aa other mort �"'
<br /> � ` : gard y gag�.tteed of tnut,seauity agreement or other�en t�-,.
<br /> , � �;, ��-, ;, document that created a prior secwity interest or enazmbrauce on the Praperty,Grantor agree�
<br /> _:. _. _ A. To make all payaienes arhea dae and ta perfoim or coatply with all�oovenants. • ��£•.
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<br /> ':,.;y.•, B. 'To pmmptIy deliver to Lender any norices that Grantor receives from the holder. :-
<br /> ' ` y' ' " C. Not to altaw any m�on or extensioa o�nor to request any futwe advances uader any note os agreernent
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<br /> �` ,�� - s ed b tbe lien doeument without Ixnder's rior written cansent ����:
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<br /> :_ . 8. CL�+d9 ACAWST'iTi'LE.Gsantor w71 pay all taxes,as�essmeats,liens,encumbrances,tease payments,8�ound �'.�".`
<br />, � f��;:,, � rents,utilities,and other charges retariag to the Property when due.Lender may requse Crantor to pmvid8 to Lender ����
<br /> , i? wpies of atl notices that sucH amounts are due and the maeipts evidencing Graator's payment Grantor wl{i d�`end � -
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<br /> .;,-,;-: � •.. title to the PragertY agaiast anF claim�thai woutd impair t�tien of this Security Instrumen�Grantor agrees t�,a�.,gn v -.
<br /> �..::,�,.�,:�i:i.,' to I�der,as reque.gted by L�ea�er,any rights,claQns or defenses Grantor may have against parties who supp3Y II�or , ----
<br />;� , o r m a t e.r i a l s t o r�r��a�*+o r imp ro v e t h e P r operty.
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<br />_ ' -, 9. DiJCs ON SALE OR ENCIJNI�RANC�Lender raay,at iu opiion,declare We entire balance of the Secured Deht to =�
<br /> � � 6e innmediatety due and payable upon the cceation o�or contract for the creation of�any Gen,eneunebraace,transfer �„,_,,
<br /> � ,� or sale of We Praperty.7l�is right is snbject to the restri�ions impossd by federal taw(12 GF.R.591),as applicable.
<br /> ..- . 'IYus wveasnt sball nm�vith tlne Property and shall rem�n ia effecs unt�7 tDe Sea�red Debi is paid in fu11 and this - -
<br /> � �S�asity Iastrument is reteased -_
<br /> - 1tb @�O�Gid'fY���D'i��N,A�.TEPtATImi�3�At+i�Iloi�FEC�30N.Grantar will6ee�tbe Property in good ��--•
<br /> ' , condition aad make all repairs that are reasonably necessary.Grantar shall nof commit or allow any waste, =-
<br /> . , impairment,oi deterioration of the Property.Grantor svill Eceep the Property free of noxious weeds and grasses. �f` �
<br /> , Cnantor agrees that the nature of the occupancy and use cviU not substantially c6ange witHout l.ender's prior written °
<br /> � consenw Crantor will not pemut any c6ange in any Gcecsse.restrictive eovenant or easemeat wi�hout Leader's prior -
<br />- : � writtem oonsent Grantor will aotify Lender of all demands.proceedings.claims.and actions against Grantor,and of T_
<br /> :�:;,� � any toss or damage to We Property.
<br /> ' Leader or Lender's agents may,at L.cnder's oprion,e�trr the Property at any reasonable time for the purpase of �-,
<br /> . ` - ;;:- ia��ting the Property.Leader shall give Orantor�c��ice at tHe time of or before aa inspection specifying a ----
<br /> • �� � � � re�,n.able purpose far the in�ection.Any inspection of the Property shall be entirely Sor I.endcr's benefrt and __
<br /> .``•• ' �� Ci�antor wiD in r•ss�ay rely on Lender's'vupeciion. • " � ��_
<br />_ - �.� � 1L AUTI�O�T�1Tt�D PEBFORM.tf Grantor faiis to pedorm any dutp�e�r any of the wvenants contained in this �_-:
<br /> .. Security Iastr��t,I.ender may.without notice.perform or cause ther.�io be performed Grantor apppints Leader "-�-'-
<br /> �; `•' as attomey in fact to siga Grantar's name ar pay any amount necessary for performaace.Lender's right to pedorm for _..`:.
<br /> ' Gra.:tor shall aot create aa a�iigation to perform.and Lender's failure to perfarttt will noi pretlude Lender from --
<br />- � � �� :;';`-�{�.,.,�� e x e r�s i n g a n y c��n d e r's a t T v:a r i g h t s u n d e r t h e l a w o r t t�s S e c u r i ty l n s t n u n e n t.U�..ry o o n s t r a c t i o n o n t h e P r o p e rt y i s `:;.;
<br /> � i ' �' d iscontinue d ar��a car�rie d on in a reasa�le manner.L e n der may ta ke a t l s teps necessarg t�pro te c t L en der's
<br /> ,..;' sectuity interes.c�:the Froperty.including oampletion of the oonstruction. 'k� :=,
<br /> ' � :�,; lL A�tff GNME1�1['OI�l.EASES IlND�11P1'S.Grantor im�vocably grants.conveys and se1Ls to Trustee,in trust for the �-„
<br /> � + b:nc�t of Lender.as additional sec�r�ty all the righ�[itie and inter�est in and to any and all existing or future teases, �.�:..
<br /> � .. .�:�� suMeases,and any oWer written or verba!agreements fur the use and occupancy of any portion of tt�e Properiy. �,:
<br /> " . ' including any extensions,renewals.modifications or substitations of such agreements(all referred to as"Leases")and
<br /> . � ' � . ' rents,issues aad profits(aU referred to ms"Rents").Grantor will promptly provide Lender witi�true and correct '• �.:�
<br />_ � copies of all exissing and future Leases.Gra�tor may collec�receive.enjoy and use the Rents so tong as�rantor is not . �
<br /> :�'�>' in defauit under We tcrms of this Security Instrument.
<br /> �����:; ;� Grantor ackaawledges that triis assignment is perfected[.*pon the recording of this Qeed of Tnut and that Lender is
<br /> . , . . enrit��d to noiify any of Grantor's tenants to raake payment of Rents due or to become due to Leader.Ha�ever, �
<br /> � .. Leader agrees tisat only on defauit wiU Lender norify Grantor and Grantor's tenants and make demand that all future
<br /> Rents be paid directly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lender any
<br /> .. pa}�ment of Reats in Grantor's possession and will receive any Rcnts in trust for Lender and will not oommingte the
<br /> . Rents with any oiher funds.Any amounts collected wjll be applied as provided in this Security InstrumenL Grantor �• '
<br /> - . � � warrants that no default exists under the Leases or any applicable landlord/tenant law.Grantor also agrees to maintain "� •• .
<br /> _ � •� �,_ and require any tenant to oomply with the terms of ihe l.eases and app]icable law. - '
<br />-_ .. _ . . l3 I.EASEHOLDS;CONDOMINIIJRZS;PLAIVNED UNPT D1EVEl.OPMF.I�i�.Cirantor agrces to com�ty aritb the �
<br /> provisions of any tease if this Security Tnstnmtent u on a leasehoid.if the Property includes a umt in a condominiuro �
<br /> _ � ; or a planned unit development.Grantor will perform all of Graalor's duties under t6e covenaats. by-laws.or
<br />-- , regulations of W e wndominiwn or planned unit developmert� ' -
<br />-;:-': '. , 1� DEF�Ul.T.Grantor will be in defautt if any pasty obligated oa the Secnred Debt fails to make payment wheo due. •
<br /> � � Grantor will be in default it a breach occuts under the terms of this Seciuity lnstrument ar any other docvment "
<br /> . � ' (pagB20l4)
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