|
F•' _`" �-- _ � .�-_ � �n .; �.
<br /> �) �'ht _ . _ _ '\"-- _ f i iyti ;l . --f ' .. ' ,\y },..
<br /> r ^^t- � .ii, ,� 4.�'a__ `_
<br /> I% ': .�.nu �,.=: ,,". t _
<br /> J.e , �
<br /> � - ir �n C.
<br /> . . ,.
<br />.. .�:;. �1�_-
<br /> c'
<br /> `<4 '
<br />_ —o -'-.�.�,.,�:� . �c_'.d
<br /> -------r-�_`��Y -�c'.,`��.
<br /> _ . - ..E. . .. � �7�108�a� ;.�.
<br /> -.".4 ��.�i ,..�
<br />__ :..`G ._...;._:,�_: B. All future advanoes from i.ender to Grantor or other futute abligations of rantor W l.ender under atry pro�ssory ..
<br /> � ` note,contract.guaianty.or other evideaoe of de6t executed by Crantor ia favrsr of l.�nder ezecuted after this
<br /> ' , ;;;�:ro. Security Instrument whettmr ar aot tbis Security Instrumeat is specificalty referen�xd if more Waa oae person � `;
<br /> :��,: . .' w• signs this gec�uity lnstrwaen�each Gtanmr agrees that th'rs Security Instrvment wIp secure all future advances and A `: `
<br /> � ,.:.:a:` fuhue obligations that are given ta ar incurred by any on�or more Grantot.or any one or more Grantor and �.;,,�
<br /> , atheis.All fut�ue advances and oiher fatune obligattoas are secuted by this Security instrtiment even though all ar ;;�;�,,;
<br /> � , part aiay not yet be advanoed.All future advances and other futttre ob6gatioas are secured as if maite on the date . " .
<br /> ., of this Sec�nity Inswment Noihing in this Seauity Instntment shaU oonstitute a oommitment to make ad�teonai .
<br /> , , , '�: ' _°,�°`, or futu�e loans or advances ia aay amount Any such commitment must be agned to in a separate writing `:``�,-
<br /> °u ,.�f` :•-y.�
<br /> - _,_V.��4; C. All obli g ations Grantor owes w L�ender,wluch may later arise,to the extent not prohe'bited by law.inclt�d'mg,but __
<br /> not timited to,liab�1'ties for overdraRs relating to any deposit aocount agreement between Grantor and i.endeL . .,,
<br /> �. , '�:`. . D. AIl aciditional sams advaaced and expeases incurred��ader for insvring,preserving or otherwise protec�in$ -``�L}!;
<br /> - . ; ;�`L � t�?toperty and its value and any other sums adva*a:.�:�expenses imaared by Lender under the ter�:��
<br /> � ;�H�. . r��ur�r Iosuament � r`'_.�';:
<br /> `. '�s�:�ns�ent will not searre any other debt if L�a�fi�s to give any required notice of the tight of resassion. � `__
<br /> ,:.. •_�.
<br />_-=_`-===-':=:.�=.- 5. L'A��`�.Graatar agtees ihat ail payraents nmdcr the S�ued Debt�be paid r�rhen due and in aocordaac�
<br /> � �•` � witit the terms of the Secured Debt an@ tf�is SeruriLy Insn�+m�e�rt. ��
<br /> :� .e. :::. c;.,;;z: , Is
<br /> .� '`� •" ` 6 WARRAI�YI'Y OII�TFi'l.�.Grantor warrants that Grantor is or w�be lawfull seized of the estate canve ed b this
<br /> Y Y Y �",_.:
<br /> - '�.� � ; Seauity Lutn�ment aud has the right to irrevorabty grant,convey.and seU ttie Property to Tnutee,in trust,a+iib —=_..
<br /> power of sale.Grantor a�;o�warrants that the Property is unencumbered.except far encumbranaes af reoord. `� �'
<br />_ , '��,.. ....:::.�' ��
<br /> � � �� �" ` 7. PRIOR SIECURITY 1NrEIt�SiS.VNith mgard to aay other inortgage.deed of tsus�.sccurity agreement or othes lien �::s.�
<br /> . , . ` '� �' ` dacument tha!created a priar security interest or encumbrance on the Property.Qrantor agrses: l�
<br /> . . . , ` �:;;�s. A. Ta makc all payments when due and to perfor�n or oomply with all covenants. �:-_°:`'
<br /> . , � ' B. Ta promptty deUver to Lendet any nutices that Grantor receives from the holdcr. IX--`'
<br /> • . �` °' C Not to AQow any�rcc►difceattan or extension ot.Ror to reguest any future advanres uader any note or agreement � ;°`
<br />__, . ', seetr�d by ihc licn dacumcnt without l.ender's prior wntten consen� `'
<br /> �. 8. CI.�tINi�AGAl1�iST TIrL&Ciraator�+ill pay att taxes,assessments,Iiens.encumbrances,lease paymeats.grouad �;.-
<br /> �� rents.utilities.aad othcr charges relaqng to the Property when due.Lender may require Grantor to provide to I.ender �--
<br /> - ` � :I �z�,,�`� co ies of all notices Ihat�ncd amaunts are d�te and tke receipts evidenxing Grnrttar's paymen�Cnantor wi11 defend �`,
<br />_s.;._e•... . - p ��_,.:
<br /> � titte to the PropeRy against any claims that woWd impair tfle lien of tAis Seeurity Insuumeat.Graator agr�a�to assigu
<br /> � ' � '�� to Lender,as requested by Lender,any rig6ts,claims or defenses Grantor may have against parties who supply Iabor �::�_=
<br /> _ ' • � _ or materiats to maintain ar improve the Property. ��__:.
<br /> ��
<br /> `; ` 9 DUE ON SALE OR ENCUM�IIANCE.Lendcr may.at its option,dectare the endre balaace of the 5ecau�ed Debt to �.L,_�
<br />_;. • � . �:� ri be immediately dae and payable upon the creation o�or conuact for the creation o�any l ien,eacum brance,t r a n s f e r =_-___
<br /> . or sale of the Property.This right is subject to the restrictions imposed by federal law(12 C.FR 59i),as applicable. -�--
<br /> • • �-�� This covenant shall run with the Property aud sball remain in effect untr�the Secured Debt is paid in full aad this --
<br /> : � " �` , . Sec�uity Insuumeat is released. �`��`�
<br /> `-':',` ��.' : � IO PROPERTY CONDITaON,ALTERATIONS AND INSPECTION.Grantor will keep the Property in good --_�--
<br /> � :' , � =��,� .� coaditior►and make all repairs that are reasonably necessasy.Grantor shatl nat commit or allow�ny waste, '�_"'°
<br /> �' �_ � �_ _______ impairment,or deterioration of the Property.Grantor will keep the Property free of aoxious weeds and grasses. � -:� -
<br /> •� ',. Crauwr agrees that tlte aature of the oocupanc�and use witi not substanusuy cd�aage with�at L.enc�ers prior written =
<br /> - '� ..,...- • �;,;;;.f; coasen�Grantor wi11 not pecmit any change in any iicerrsr.,sestricrive covenani or easement without Lender's prior __�
<br /> ' •:�t��r' written wnsen�Grantor w�l notify Lender of all demaa�,�roceediags,claims,and actions against Grantor,2ctd of =-
<br /> �, � . . �';�5`�' �any loss or damage to the Property. --
<br /> �; �;;; �' � .; lxnder or Lender's agents may.at I.ender's option,enter the Property at any reasoaable time for the purpos�of
<br /> " ��^� ' � inspeeting the Property.Lender shall give Grantos notice at the tdc�e of or before an iaspection specifying a :
<br /> �° � reasonable purpose for the inspectton. Any inspection of the Property shall 6e entirely for Lender's benefit aad
<br /> ;�' .,-- ��;�, G�antorwill in noway rely on Leader's inspection. -
<br /> � � � ` �� iL AUTdi0Rt1'Y TO PERFORM.If Grantor fails to perfoaa any duty or any of the covenants contained in this ___.__
<br /> ' ° Security Insmmtent,Lender may,without notice.perform or cause them Co be performed.Grantoc::.�poSnts Lender
<br />� �. , � ` ��' � as attomey in fact to sign Grantor's name or pay any amount neoessary for performance.Lender's rigGt3 eo pedorm for �'�:_"
<br /> �t� � ' GranWr shall not create an obligation to perform,and Leader's failure to perfonn will not preci»de Lertder from e
<br /> exercising any ot Lender's other rights under the!aw or th;s�curity Instrument.If any wnstruction on the Proge�ty is
<br /> �, � .� ' . dlscontinued or reot prried on in a reasonable manaer.Lender may take all steps�ecessary to protect Lender's
<br /> . � s in th Pro e includin com letion of che wnstructian. �,�-� fj
<br /> security inte est e � rty, S P �;:,
<br />�f:''`i:': ':�� � ,:. '• 1Z.ASSIGNMENf OF�,EASES AND RENi'S.Grantor inevocably grancs.conveys artd sells to Trustee,in trust for the _f�----
<br /> �� � � , benefit of Lender.as additional security all tt�e right,title and interest in and ta any and all existing or futwe teases, a�r-
<br /> F'�':
<br /> subleases,and any other written or verbal agreements foa the use and occupancy of any portion of the Praperty, �_,
<br /> "r includ'mg any extensions,renewals,modificatior,s or substitations of sucb agreements(atl referted to as"Leases")and �-_
<br /> � , �� ' �.� � .•.'., rents,issues and profits(all referred to as"Rents"). Grantor will pramptty provide Lender with true and correct .
<br /> copies of all emsting attd future Leases.Graator may wllect,recerve.en}oy and use the Rents so long as Grantor is not , _
<br /> � in defautt under the terms of this Security Insttument.
<br /> '� Grantor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Lender is
<br /> entitled to notify any of Grantor's tenants to make payment of Rents due or to become due to Lender.However. �
<br /> � `•� " ' �'�•.� 1,ender agrees that only on defautt wi11 l.ender notify Grantor and Grantor's tenants and make demand that all future -
<br /> �" Rents be paid d'uectly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lendes any �
<br /> �. . . ,
<br /> � � payment of Rents in Grantor's passession and will receive any Rents in trust for Leader and will noi commingle the
<br /> Rents with aay other funds.Any amounts coltected will be applied as provided in this Security Instrument.Grantor •�'"
<br /> ��::--_.�_.,..=W_� warrants that no detault exists under the Leases or any applicable landlord/tcnant law.Grantor also agre�es to maintain ___�
<br /> ��" � � and require any tenant to wmpJy with the terms of the Leasesand applicable law.
<br />;�': � l3. LEASEHOLDS;CONDOMiNIUMS;FLAIVNED UNIT DEdELOPMENI'S.Granwr agrees to camply with the
<br /> `` � provisions of any lease if this Security Instrument is on a Leasehold.If the Property includes a unit in a.wndomudum
<br /> �;`,_: , � or a planned unit development.Orantor will perform all of Grantor's duties uader tbe co�e^ants,by-taws,or
<br /> .. � - reg¢tations of the condominium or planned�nit develop�e�t
<br /> � �4. DEFAULT.Grantor wil!be in defatilt if any parry oblidated on the Secured Debt f�ils to make payment when fite.
<br /> ':..� ',. , . Cirantor will be in default if a breach oocurs�der the terms of this Security lnstrument or any other docwneat
<br /> +�?�t':.�: �
<br /> ,:•�.. (page2o14)
<br />..--. . �. �
<br /> :rx: , _ ..: �� . • �
<br /> ,.._.. _.---
<br /> .. . . - �+s�►e�a.,9syuamaac.scaow.►,w t�aaa.,s�•z3ay r���r�aa� __
<br /> ��.' ; , .
<br /> - � : '. - .. �. �� r-- . . . _ . f� .. . '. � � . ' .r . .. . � . .. .a . ..
<br /> . � � . � . - . .�- - -- -__
<br /> ... , . � � ' -� --. :_ ��_.l �e���_,.a�_.��..,.�� ;�� __ -- —
<br />
|