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<br /> B. All future edvenaa from l.ender ro Grwntor or other futurc��+ligations of(3rantor ta I.,cn r under any prcxniswry
<br /> note,contrw:t,guannty,nr Wher evlck:nce �f ciebt exccutcd by Grantor in fevor of Ixnckr executcd after this
<br /> Sccuriry Instrument whelher or nat Ihi�Securily Instrument is srecifically referenced.If more than une per�n
<br /> signs Ihia Security Imtrument,each CrAnla agree:that this Sccurity ln�trument will secure all fulure advances and
<br /> tuture obligations ttuit are given to or incurred by s�ny�nc c�r more (irAntor,or eny one or more(�rnntor and
<br /> uthers.All(uture�dverxn and other future obligatians are securcd by this Security Instrument even though all or
<br /> part may not yet be advmced.All futurc�dvancex end othcr tuturc obligatiuns are sccured as i[made on the date
<br /> �f this Security Instrument. Nothing in this Security lnstrument shall conslitute a cammitment tu make additional
<br /> or future loans or advanas in wny amounl.Any such commitment must be agreed to in a separate writing.
<br /> C. All obligetions Grentor owes to l,cnder.which may later arise,to the extent not prohibited by law,including,but
<br /> not limitcd to,lisbilities for overdrafts releting to any deposit acxount agreement between Grantor and L.ender.
<br /> D. All additional sums advanceQ and ex�nses incurrcd by i..ender for insuring,preserving or otherwise protecting
<br /> the Property And its value and any other sums advanced and expenses incurred by Lendcr under the tcrms of
<br /> thls Securily Instrumcnt.
<br /> This Security Instnunent will not secure any otherdebt if Ixnder fails to give any required notice of the right of rr,scission,
<br /> S. PAYMENI'S.Grantor agees that all payments under the Secu�ed Debt will be paid when due and in aocordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> 6. WAARAMY OF TtI'LE.Grnntor warranu tliat Grantor is or will be lawfully seized of the cstate oonvcyed by this
<br /> Seairity Instrument and has ihe right to inevocably grant,convey, and sell the Pro�e�ty to Trustee,in Rrust,with
<br /> power of sale.Cirantor also warrants that the Praperty is unencumbued,eaapt for encumbr�nces of record.
<br /> 7.. PRIOR SECURITY INfERES'I5.With regard ta any other mortgage,decd of trust,security agreeme��,:��r other lien
<br /> � .•.da.�ument that created a priar security interesl,cer i,n�}umbrance on the Pro�ecr.u„C�rantor�g�ges: � • f.
<br /> � " A. To make all pR?��mepts when duc�nil.to��►cr�i.y�n or comply with all t�SyepAnts. � '�'� ' �
<br /> B. 'to;p.romptly deliv�fi to Le�der,�y'atoti�es that Grantor receives&om tlrc holdcr. .�•.� . ', , .
<br /> C: `-�f�E#o.�llaw�.any inoc`�catipn�or.extension of,nor to request any futw�e Ai1Ya�es un�ar any note or agre�ment • '
<br /> :s�cuF.l�d hy the li¢n d4ctui�n��wit�tnut�nder's prior written consent. ,`,� . , ; ;'
<br /> S. CLAIMS,;,A,.f„AINS'�:7f�T.�'L�::•Grantoi';wi}ll pa�r•a11 t�xea,assessinents,liens,encumbranees,`lease payme.nt�,�orind :•
<br /> rents,utitiX�es;and othet cn�gr,'s�rela!inu'1a tbc,Prqpetty�vl�en due:Le�der may requirr Gr:�ntn�':to p�oyide tir taei�d�r
<br /> . copies<i£ati notices that such a�nc�uiv►s'�re due and'the receipts evidencing Grantor's paj�e(�nent.'Grat�tbr will defend
<br /> ti�le t�tlt�i°r�:,n�:.g:.itt�i:.r.;slaim�it:ai�:,:j;d'„i7�au ti•c iicr�oi iiii:Sca:uriiy Insirumcni.Granior egnX.e to a�ig!!
<br /> to Lender,as requeated by Lender,any rights,cWms or de[ensea Grantor iruy lurve�gainat putia who sup�ply I�bor
<br /> or materials to maintain or improve thc Properiy,
<br /> 9. DIJE O1V SALE OR ELVCUl1�ItANCE.Lender may,at its option,dedare the entire b�lana of tbe Secured Debt W
<br /> be immediately due end payabk upon the creation of,or oontract fr►r the��r�n„�,f .���:.., ...:•�.»•„�...,�,�,-- �_-_•.._
<br /> or aate ot tt�e Yroperty.Thia right is subject to the re.strictio�impoeed by fakal law(�2 C.F.R S91),A� � ��
<br /> This covenant ahull run with the Property�nd shall remain in ef[ect wtil the Secured Debt is p�id in�
<br /> Sec�rity Intrument u rek�ed.
<br /> 1�. rROrL►R1'Y COIYDITiON, AL'I'ERA.TION9 A1VD IN9��dT10N. Gr�ntar will keep the Property in�ood
<br /> condition �nd make ali repairs that are reasonably necesaary. Grantor shaU not commit or allow aay waste,
<br /> impairmcnt,or deteriontion of the Property. Grantor will keep thc Property frce of nuxious weed��nd jra�e�.
<br /> Graator agrees thet We nature of the oocu�ancy�nd use will nnt a��batantially change without d.�n�:'�psi,;. �...
<br /> coment.C3rantor wilt not pertnit any change in u�y license,reatrictive oovenant or easement witbout L,ender'�prior
<br /> written�on.nsent.Grantor will noti[y Lender of aU demands,praxedinga,claims,and sctiw�s agaimt Grantor,aod of
<br /> any loas or damage to the Property.
<br /> C.�nder or L.ender's Agents may,at Lender's nption,enter the Property at any reagonablti time for the purpae ot
<br /> inapecting the Property. I.ender'shull give Gnntor notice at the time oF or before nn inspection specifyin�a
<br /> . reaaonable purpoae for.the inspectio�:Any inspection of the Property shall be entirely. for Leader's bene5t aaf
<br /> Grantor will in no way.rely on L.cndcr's inspection.
<br /> 11. AVl'HOR[TY?O PEBFORM. If Grantnr fails to pedorm any duty or eny ot the cc>venents contained ia t6i�
<br /> Securiry[nstrument,l.cnAer may,without notice,pedorm or cause them to be performed.�`,rantw appoiab Ixnder
<br /> sa attorney�in f�ct to aign Granior's hame or pay�ny amount ncoes�sary for pedont�anoe.Lender's right to pedam for
<br /> Grantor shall not aeate an obligation to perform, and Lender's[ailure to perform wilt not preclude Lender fram
<br /> exercising any of Lender's other rights under the la�w or this Security Instrument.If any construction on thc Property ia
<br /> disoontinued or not carried on in a reasonable manner,Lender may take all steps nccessary to protect Lender's
<br /> security interest in the Property,including completion of the construction.
<br /> lx. ASSIGIVMEM'OF I.EASE3 AND RFM'S.Grentor inevocably grsnts,oonveys and sells to Trustee,in trust for the
<br /> benefit of Lendcr,as additional security all the risht,title and interest in and to any ancl aIl existin6 a tnt►u�e kases,
<br /> subleases,and any other written or verbal agreements for the use and oocupancy of any portion ot the Property,
<br /> including any extensions,renewals,modi�rations or substitutions of such agreements(all referred to as"Leases")and
<br /> rtnts,issues and profits(all rekrred to as"Rents").Grantor will promptly provide Lender with true and correct
<br /> oopia of all existing and tuturc Leases.Gr�ntor may oollect,receive,enjoy and use the Ren�s so iong as Grantor is not _
<br /> in default under the ternu of this 5ecurity Instnunent.
<br /> Grantar acknowledges that this assignment is pedested upon thc recording of this Deed nf Tn�st`aud t�I�nder is
<br /> cntitled to notity any of Grantor's tenants to make payment of Rents due or to become due to l.encler. However,
<br /> L,ender agrees that only on default will Lender notify�rantor and Grantor's tenants and make demand that aii fulure
<br /> Rentc he naid dirertb!n Ir.nc�nr nn rarnivino nnftira�f AnFs�df f:..e..�.......t11 ��J�____��_u_.__._ � __�__ _
<br /> "—a��"�- "'�'^� ••. �•�•••�• �.. uv��a�aa�vcntcc tv a.Ct1YG1 Mflr
<br /> payment of Rents in Grantor's possession and will receive any Rents in trust for L.ender and will not commingle Ihe
<br /> Kents with any other funds.Any amounts collected will be applied as provided in this Security Instrument.Grantor
<br /> warrants that no default exists under the Ixases or any applicable landlordhe�ant law.Grantor alsa agm.es to maintain
<br /> and require any tenan:r.o comply with the terms otthe L.eases and applicabk 1�w. .
<br /> 13. .L�ASEHOLDS;CONDOMINIUMS;PLANNED UNIT DEVELOPMENTS.Grantor agrees to c¢mply with t�e: .
<br /> provisions�I any lesse if this Security Instrument is on a kas�ehald.If the Property includes a unit in a eondc�itKium.
<br /> , or a planned unit development,Grantor will perform all of Grantr�r's dutics under the covenants, by-laws,or '
<br /> regulations of the condominium or planned unit development.
<br /> ';14. DEFAULT.Grantor will be in default if any pa�y obligated on the Secured bebt fails to makc payment whtn'due.
<br /> Grantor will be in default if a breach occurs under the terms of this Sccurity Instrument or any other document
<br /> (l�y�.2o�I)
<br /> O tew B�rrrn 9wwnr.Me..9t.Ceud uN���em..ro�a.v+�ce.n af.er.aF ww
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