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<br /> _ ` :. . B. AU tuture advaaoes from i.cader to Grantar ar other future obligarions of Crantor ta Lender under�ny promissary
<br /> �� � note,contract,guaranty.ar othes evidence of de6t executect by Gcantor in favor of ixnder�xecuted after this � �2
<br /> � `' �`.��� . Security Ins�rumeat arheiher or not this Security Inswment is specifcally refemnced.If more than one person
<br /> - _. ,' sigas this Secutity Instrument,each Grantor agrees that this Security tnstrument wifl secure atl future advances and �
<br />_ _.. � . . _ future o62iga6ons thai are given to or incurred by any ane or mare Grantor,or any one or more Granior and
<br /> ' - otheis.All future advances and other future obligations are secuied by this Security Instnunent even thoug6 aU or
<br /> _ _ � '�� part may not yet be advanaed.All fut�re advanoes and other future obGgations are secured as if made on the datc �
<br /> _ - ��,�--�;:'`_ of this Seeurity InsUument Nothing in Wis Seauity Instiument shall constitute a commihnent to make additional
<br /> ?�,-`'�"""`�'�-� or future toans or advances in any amount Any sach oommitment must be agreed to in a separate writing. - -
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<br /> � ==��'` '��•�-� ' C. All obliptions Grantvr owes to Lender,wIuch may later arise,to We extent not pmhibited by law,induding,but
<br /> '<:� .�`::..._. ... ;',: aot iimited to,liab�7ities for overdrafls relating w aay deposit accouat agreement between Grautoz and I�nder. -
<br /> �,-�. :- .'• � D. All additianal sq�s advanced and 'mcumed Lender fer insvrin �':,_
<br /> c _: . :_ �� bY g.Preserving or othe�rwise praiecting
<br /> ,� ��, �- — the Properiy and its value and any other sums advanced sud ee�essses incurred by Lender onilei the tenms of , _J<
<br /> ;:;:Y,�`ls� ,::'= this Sec�ri�y Instr�raen� �.`
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<br /> � �a , ��K�� 'ITusS�I�Arumenia�l n,oi�cure aay otherd�bt�Ix��erfa�s b give�anYr�irednadire of the ri�rt of resdsslaw. ni f:-
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<br /> `�.{.�� .. S PAY�'�.Crant�r ag���TMat all payments uader t�s S�r>..��t w�be gaid when due and'm acoord�az ��':
<br /> ,Y;�?,;: , �itbt�e Qerms off l3�e Seaffed Debi and tuis Seauity InstrumenL
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<br /> ' !�<�;: 6. �VAHRAI�Y OF�TTLE.Grantor wanants that Grantor is or w�16e lawfuUy seized af the estate conveyed by ttvs �� .
<br /> ' ' -� Secxuity Iastrument and has the right to irrevocably grant,convey,and seU the Property to Trustee.in uust,with -
<br />�` f `' ; . 'r` power of sale.Crantor atso warrants Wat We Property is unencumbered.except for encu�brances af record
<br /> _: ''` • .�� ��-�:'' 7. PRI013 SECURi1Y YNTERE.S7S.With regard to any other mortgag�,deed of tn�st.seauity agreeraent or other lieu '
<br /> � " dacament Wat created a prior security interest or encumbrarice on the Propertyr.Grantor agrces:
<br /> . - . - -�• -. �;�t-� A To make al!paymcmts wiien due and[o perform or comply with all covenants.
<br /> �� .. - B. To promptty deliver to Lertder any nottces that Grantor reccives fram Ihe holder. %
<br /> � . ''� �` C. Not to allow any madificauon ar extension u�nor to request any future advancesunder any note oragrcement
<br /> :, .:�;���` secured by the C�en doc�sment without Lxnder s psior written wnsen�
<br /> ` ' �' 8 CI.AIIVIS AGA�JST 7Tl'L�Grantar will pay all taxes,assessments,tiens.encumbrance.s.Iease paymenta,gmund -
<br /> - �. '�;`�� �rents,utilities.and other charges relating to ttte Property when due.l.eader may require{3rantor to provide to Lender � '°���
<br /> :' . . ': copies of all aotices that such amounts are due and the reaeipts evidendng Grantor's paymen�Orantor will defettd
<br /> ' � ` '� Htte to the Pro e a t an claims that would' azr the ffen of this Securi Instrt�men�QrataWr a ta assi ���
<br /> . P rtY S� Y �P tY � Sn �:-
<br />_ � � •- ��r to l.ender,as requested by I.euder.any rights,claima or defenses Grantor may have agaiast part�who suPPty labor ��
<br />- • . � - or materiats to m�int�in or impmve the Pro�serty. =
<br /> , . � , 9. DUE ON SALE OR ENCUII+IDRANCE.Lender may,at its option,dedare tQe entire 6alarice of tl�e Se�ured Debt w —_-_
<br /> - • be immediatety due an�payabte upon the creaflon o�ar ooatract for the cxeation o�aay tieq enwmbranc�.traasfer �;;:
<br /> - � . ' or sa�e of the Property.'Ilus right is subjed to the restricdions imposed by federal law(12 GF.R 591�,as ap�4i�abt� �.
<br /> _ . __ ,�. :" 'Ihis cavenant shall nm with the Praperty aad s6all remain im e�ed�t�the Secured Debt is paid in fall and this �?=-
<br />_ �`� . . Security Instniment is reteased. `--°
<br /> - � � �' � � 10 PItOPEBT9t CONDT�HOIei.AL��A'PQ�NS AND II�PECPQ�AI.Grautor w�l keep tlte Property in gond F���-
<br /> ' wnditioA aad make aU repairs that are reasonabiy necessary.Graator shall not commit ar aitow any viaste, ������'�
<br /> . . ����� impaiiment,or deteriaratioa of the Properay.Grantmff w�t geep the Property fine of noxious weeds and grasses. - _
<br /> , � Grantor agRees that the natiue of t&e o�upancy aad as�w�1 aot substantially change without LeuQer's prior wriRten a:
<br /> -..; . �.�.�%. �`� �nsent Cnaator w�aoi permit any chang�in any 6oensz,restrictive aoveaant ar easement wit�out Leade�s prfar •
<br /> - ' . ,.' " written coaseat�anior w�l aotify L.ender a�f all dema�ds,Prnce�in&s+claims,and acdions agai�st Graatos,and oY r..._
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<br />}``�� ' aay to�or dama�to the Property. .. 3
<br /> � � `�,;:�;�a`;��i Lender or Lend�s ageats may,at Lende�s optian,enter tho Property at any reasmaab2e time for the purpase of = _
<br /> '`�_��;��`r�'; - in ectia the Lender shaU ve Graator notice at the ticne of os 6efore an ins ection s eci
<br /> SP 8 �BPe�• P P D �S a ' �.��,;
<br /> . � reasonable purpose for the inspectioa.Any tospec,t'iion of the Praperty shaU be eatirety for Leader's benefit aad � - -
<br /> . ::�:,�� Crantor will in�way rety on Lender's inspectioa
<br /> ,�;� , : iL AUTHORYi'9f 5�PERFOYtM.If Grantor faiLs to perform any daty or any of the covenaats oonta9ned ia tl�is � ��
<br />�-�..:. .. . � Seauiry lastrt�ment,Lender may,without aotice,perfoam or cause them to be pe�'ormed.Grantor appoiu�Lenaer f .:_-_
<br />--,.' : , . . as attoraey in fact to sigo Grantor's name or pay any am�at necessary for perfor�x:.-�ae.L•ender's right w perform for _
<br /> • Grantoz shall not create an ob�gation to perform,anc�B.ender's faiiure to perfar�s will not prectude Lender from � -�
<br /> _. ' exercising any of L.eader's oWer righu under tLe I�a or this Security taastrumen�If any ooastnu�o�n on the Yroperty is
<br /> _ . f_ d L s c a n t i n u e d o r n o t c s r r i e d o n i n a r e a s a a a b l e m a a n e r,L e n d e r m a y t a k e a ll s t e p s n e c e s s a r y t o p t o t e c t L e n d e r's
<br />=__ . . ' , seciuity iaterest in the Pruperty.including oampl�tion of the constiuction.
<br />— IL ASSIIGIVMEPPP OF LEASES AND RLNivS.Granwr'vrevocably grants,conveys and setls to Trustee.in tnut for the �'`.,�
<br />_ � � .. : bene5t o f Len der,as addition a)security aU the aght,tide and interest in and to arry and all existing or future ieases, - �
<br /> _ '. . , � •. subieases,and any other written or verbal agreements for the use and aocupancy oi any portion of the Property.
<br /> y . � . . . including aay exteasions,renewals,madificationa or sutss6tutions of such agreemeats(all refeaed to as"Leas�s"j and
<br /> _. , reats,issues and profits(all referred to as"Rents^).Grantor wrll promptly pravide Lender aritL tnie and carrect
<br /> _ , � �. oopies af all existing and future Leases.(3rantor may wuecx.receive,enjoy and use the Rents so long as Grantor is aot �
<br /> � ' � � in default under the terms of this Security InstrumenL �
<br /> ... , � (irantor ackuowiedges that this asgignment is perfected upon the recording of this Deed of Trust and that I.ender is
<br /> . . en6tied to notify any oi Grantor's tenants to make payment of Rents due or to become dtte to Leeder.However,
<br /> __ � . I.cnder agrees that only on default will Lender notify(irantor and Granwr's teaants and make demand that all future �
<br />__ �� . . Rents be paid directly to Ixnder.On receiving norice of default.Grantor will endorae and Qetiver to Leader any
<br /> � . payment of Rents in Grantor's possession and will receive any Rents ia trust for Lender and will aot cammingte the .
<br /> - . Rents a+ith any other funds.Any amounts collected will be applied as provided'm this Security InsWmen�Graator �
<br /> , warrants that ao detanit esists uader the Leases or any applicable Iandlord/tenant Iaw.Grantor aLSa agrees to maintain �
<br />_= ' . � and require any tenant to compty with the terms of the Leases and apptirable law.
<br />_ � l3. LEASEHOIDS;CONDONiIAiIUMS;PLAtV1VElD 1JAipi'DEVELO�A�'S.Grantor agrees to comply with the :
<br />� ' �� pravisions of any lease if this Security Inswment is on a leasehold.If the Froperty:scludes a nnit in a condominium �
<br /> ' • � � or a planned unit development,Grantor wiil perform all af Grantor's duties under the covenants,by-laws,or
<br /> -_ � � regulations of the condominium or planned nnit development. �
<br /> ` � "14. DEFAULT.Grantor will be in default if any party obligated on the Secured Debt fails to make gayment when dtte. '
<br />'�'''� � • � Grantor will be in defanit if a breach occurs under the terms of this Security lnstrument ot any other dacument '
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