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<br /> : . . B. All future advaaaes feom l.ender to Grantor or othe�futiue obG�ations of t'irantor to Len r auy mssory �,.. �„
<br /> � � note.wntrac�guaranty.or oWer evideaoe oi debt eaecuted by Grantor in favar of L.eade�executed after this
<br /> �� Security It�strumeni whether ar not this Security[nstrumgnt is specif�cally referenced.If more than one peison � `
<br /> �. ,.' signs this Securiry Iasttument,each Granior agrees that this Securiry Instnunent w�i secaue alI futiue advances and �::' �.
<br /> � � fature obligadons Wat arc�iven to or incurred by any one or more Grantar.or any one or more Grantor aud �<�;;."
<br /> ;,�.. ; ' _ ,;'��,.� othe�s.AII future advanaes and other future obligatians aze sec�ued by tlus Secvrit7+Wstrument even though alt vr _
<br /> . � �, ti• pari may nat yet be advanoed.All future a�vances and other future obligations are sec�ued as if made on Yhe date , .
<br /> • of this Secauity Instrumci�t.Nothiag in this Secnrity Instrument shall coastitute a commitment to make additiaaal .'4�;
<br /> . yr�`;.__
<br /> �.,�----�< or future laans or advanoes in any amoun�Aay such commitment must 6e agreed to in a separate writing.
<br /> � C. All obligations Grantor owes to Lender,afiich may iater arise,to the exieni not prohihited by law.iactuding,but ��--
<br /> �: 'r� aot limited to.liab�7ities for overdrafts reiating to any deposit aocount agscement 6ehveea Grantor and i.ender. •
<br /> � ,,�,-._�
<br /> . ��; . � D. All addidonal snms advanced and expenses insurred by Leader for insu3iup„preserving or otlierwise protecting .
<br /> � � ' the PropeRy aad its value aud any other snms advanc�d asd expeases mcurred by Lender nader die teims of
<br /> ' . this Secvrity rnstrumen� `.��_
<br /> � . `, '. '":' 11�is S�urity Instn�meat w�l not secure any other debt if Lender fa�s to give any required notioe of the ti�t af rescissioa � :•
<br /> •�..-.•F
<br /> ' ,:., ; :, S. �A�fN�PlS.Grantor agrees that aII paymeats un�er the S�Debt w�716e paid when due and in ao�ar�dance �f�-�-:
<br /> ,.::�;.,. � wiW the terms of the Secured Debt and this Se�auity InstramenL -_
<br /> � � � . e aui
<br /> " y 6. WARRANTY OF 7lTLE.Grantor warrants that Graawr is or will be IawfnIIy seized of the estate conveyed by t6is ' �
<br /> �a...
<br /> 5 '° ' ' Sewrity Iastrument and has the right[o urevacabty grant,convey.and seil the Property to'i'rustee,u►trust.with F �•
<br />. � power of sale.Grantor also warrants that the Property is uuenatmbered,except for eacvmbrances of reoord
<br /> ,l`.:.. ;.- ;_:
<br /> � 7. PRIOIt SECiJItYf Y II�1IERES'YS Witb regard to aay nther mortgage,deed of trust,seatrity agreement or ot6et lien
<br /> . , .r; ����.„ docameat that created a prior sec�ncity interest or eaaimbranoe oa ths Praperty,Gtantor agrees ,�..
<br /> gree _ ���fF;
<br /> ,. :�, .:5�:�.� ' .
<br /> :.: ,. A. To make all paymeatswhen�azed w perform or coa�tg�ith aIl covenants. ,:'
<br /> r . - B. To grompBy deliver t�L�u��ay notices that Granto�m�a�ves from the holder. . .... " -,
<br /> .�r ' C. Not to aitoa+any saodifi��v�exteauv�cr�nor to req,��-c any���aQr�y note o;���� � �.
<br /> : , ,.,, �
<br /> 5 h,€��> �-< secured by t�e��oa�aae�t wvhout Le�'s prior�vrittea concea�:: ` -%
<br /> , ,;```�;�.- & CLAIMS�#GA�'!f'�if�i E.Gra�t�r will pap a1:�taxes,assessments,lie�,+�acumtirances.lease PaYments,ground t .;
<br /> . ; ,,,�
<br /> , , .: �,'.° ren t s,u t�i t i e s,a n d o t 6 e r c h a r g e s r e l a li i�$t�n W e P r o p e rt y w h e n d u e.L eader�-y t e quire Grantar to p m v ide to Lender .
<br /> �.,'�',�'.'�" `;;,- cbpies of atI notioes thaL sucb a�are dne aud the ieoei�ts evidencing Gra�tor's paytneni.Crantor v�l defead: '� ` '•
<br /> ''����� title to the�ro an claia�that wor.Pd c�pair ttte ti�m Q�ffi s Sec�.:...*�+�l�-~�men t Grantor a�e�w a�
<br /> ��;��,. . P�Y� Y f•�
<br /> `�1'�� to L e a der,ag i e q u e s t e d t G a y L e n d e r,a n y r i g�t s.c 3'a c�s o r d e f e a s e s G:a n w r¢��8�a v e a g a i n s t p a rt i e s w h o s a p p I y t a 9 t d r �*,l;r.
<br /> s E��ff��,• .t��. --
<br /> ormateriaLstomaintai�drimprove WePrupeceg: �
<br /> +7�I�rpj�3�l • . ' . � .,,:_
<br /> .,..�;�,•��; � � �UEON SALE OR ENCUtt'BBANCE Lendermay,at itsoption,declare tY�eentire batance of the Secured De6t to =
<br /> ;•,,,,3;,.�;�,�. .` �.�`��•'r, be immediately due and payabie upon the czeatian of�or aontract for the caeation ofr,aay ttep.eua�mb�nae aansf�r ��_
<br /> r,rr•: ,: ';,•� orsate of the Property.'iliis right is sub�ect to ttte�est�ictions imposed by fedetal taw(12 GF.R.591),as apQticab2� �
<br /> z.r- .
<br /> �,�.. 'IUis oovenant shati nm with We Property and shall remain ia effed until the Secured Aebt is paid in full aad tbis �:�.'
<br /> , � Seauitp tnssrument is teteased. �wr
<br /> � � 10: FROPERTY CONDITION,AI.'H'�RAZTONS AND INSPECITON.Graator arill keep the Properiy in good ---
<br /> . ��,.� :. ,: �.�,�.' : conditton and make all repairs that are reasonabfy necessary.(irantot shall not commit or altow any waste, _.. �_
<br /> �� - � impairment,or deterioration of the Pcaperty.Grantor will keep the Properry free oi aosious weeds aad grases. __
<br /> .. • : '� Grantor ag�eea that the nature of the aaupaacy and use w�l not substantially c6ange without Leader's prior written -- -
<br /> oon�n�Crautor�aot permit any change in any fioenss.restricxive covenant ar easemerrt wIthmu Len�et's prior :;e=-
<br /> �� �4: miuen oonsent Grantor mlt aoUfy I.ender of aI!demands.Prooeedings.daims,aad att�ons against t�rantor,aad of = --
<br /> ' � 7.;:�. ' . any tass or damage to the PropertS+- . -__
<br /> � � Lendep or Lender's ageau aiay,at Leader's aption.enter the Property at aay rebsonatiie ame for the p�ttpose oi =
<br /> � � . . - inspecting the Ptaperty.Lender sha11 give Grantor notice at the titae of or 6efore an in�pect�oa specifying a
<br /> � reasonabte purpase fos the iaspectioa.�Any finspection of the Property shaU be enttrely for Leader's bene6t and �_.,_.__.
<br /> ,..:;;�;�. :': ':::,.: Gsantor will ia aa way rety oA Lende�s inspearon. ' �,. - -
<br /> ' 1L AU'�iORYi'Y TO PERFORM If Grantor faits to perform aay duty or any of the ossvenants coataiaed in t 4is - _-
<br />: �����, "' Security Insuument,Lender may.without aotice.perfarm or cause them to be performed.Grantor a�oints Lender =_°.:
<br />_ � as attomey in faxt to sigp(iraQto:'s narae or pay any+amount neeessaiy►for performance.Leuder's rig�t to perform for ,;:-,=
<br /> ...
<br /> ra
<br /> � � � GrenWr shall not cteate an o b lig�tion to pe r f oim,aa d L e n d e�s f a i t u r�t o p e r f o r m w�l n o t p r e c l Q B e L e u d e r f r o m '``
<br /> ,;:�:. �;,.. .
<br /> �: ':ci�a: � � exercising any of Leader's other rights under the iaw or tbis Security Instrument.If any tonstrust�on We Property s �__,-,-
<br /> ::.::t,s;�'� �� �' dist�ntinued or not cazried on in a reasonable maaner.Lender may take atl steps aeoes�ary to protect Lender's 6r�,-_:
<br /> ,. � � . security iaterest in the Property.including oomp2etian of tiie oonsuuqiun. � . E-.:>-_
<br /> • ' .. � �2 ASSIGYVIti�Tr OF LEAS�•S Al�RENd'S.Grantor im.wocably grants.oomreys aad seffs to Ttustee,in trust fas the
<br /> � ' benefit of Lender,as additionai security a1)the right,dtte aad interest in and to any and a11 existing or futare ieasesr � �� _
<br /> ' su6leases.and any ctlYer written or verbal agreements for the use aud aswpancy of any portioa of the Property, - -_-
<br /> including any extensi+oes.renewals,madifications or substitutions of suc6 ag�ements(all referred to as"IRases°)and --
<br /> m
<br /> � • � • � rents.Issues and profits(aU refemed to�s"Rents").GranWs will promptly pravide Lender ariW true anA oorrect .
<br /> ' . �. oopies of a!1 eusting and fut�ue Leases.Graator may coBect.ceceive.enjoy and nse the Rents so long as Grantor is not .
<br /> . in default under the terms of this Sesasrity Instrument
<br /> - • Graator ackaowiedges that tbis assignment is perfected upon the record'tt+g of thls Deed of'I'n�t and that Lender is �
<br /> � ' entitted to norify any of Grantor's tenants to make payment oi Rents due o:ta 6eaome due to Leader.However,
<br /> _ � Lender agrees that only on default wiU Lender notify Grantor aad Grantos's tenants and make demand that all future ��
<br />-- . Rents be paid direcdy to I.ender.On receiving nottoe oi default.Grantor anll endo�se and deliver to l.ender any
<br /> - ' � paytnent of Rents in Grantor's possession aad arill receive auy Rents in trust for Lender aad w�l aot commingle the
<br /> • " Reats wiW any aRAer funds.My amounts eollected arill be applied as provided in tivs Secnrity InsWment.Grantor �:
<br /> • ' � warrants that no defauti e�tists nnder the Leases or any appiicable landtordltenant law.Grantor also a�ees to mamtain ,�::;;,.
<br /> � . aad requue any tenaa�to comply with the tetms o!the Leases and applicable law. • �:'�4�.
<br /> ��:f�ix,
<br /> - ' . 13► L�r9SE�OlAS;CONDORR6�TIiJIMS;P1.AN1a1L�U U1Np1'DEVEI.OPMEIeTI'S.Grantor agrees to comply with the .;; ..
<br /> � -. � ' ' � pravisions of any lease if this�ec�sity lnstnunent is on a teasehotd.If the Property incfudes a unit in a ooadominitim
<br /> . ; _ . ., - or a planned unit developmeM.Geantor will pertorm all of Grantor's dnties under the covenants.by-laws.ar• '.
<br /> � � regWations of the aondomimum or planned unit development. •: �
<br /> � • ' _ 14. DIEFAUI.T.Grantor cvill be in default if any party obligated on the Secured Debi fails to make pa�rttent cvhen due. �;�j>?
<br /> - ' � Grantor will be in defaul!if a breach oocuts uadet the terms of this Security Instrument as any other document .,
<br /> _ • ^ (page2Wa)
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