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<br />-�4i.=t��-;:�'`:°:�, '` g, pll fut�re ad�ranccs from Leeder to G:antor or other fnture obligations ut Granior to Len cr� r tn i11Ly11� �
<br /> Y r°�_:= :.�' aatc,oontr�.gt�araritY.or ather evidence of debt executed by Grancor in favur�f G:ndcr exccutcef:�ticr Qtiv �
<br /> ��, ` �,, Secuiity Instntment whether or not this Securiry Instrumcat is spccifica!!y rcfercnccd.ft�nufr than«nc�x:nt1n
<br /> "'�� ;.,:,-�f,:._. signs this Seeurity Insuumen�eacii�rantor ag�ees that this Seeur�!}�lnslcumeitt wiU secure aA tuture actvunces�i�d _ _
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<br />=�;�q�r_����, `< � fiiture obligauons that ar�e given to or incurced by any onc or mom Grantor.or any one or mure t;rantut��nd
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<br /> ,,,�,�. ., �,�: othe�ts,All futune advances and other futute obligations sre secured by this Sccurity[nstrument c��cn thuugh nilr�r
<br /> _,�.?, .-�_w';� '� , part may aot yet 6e advaaced.All fucure advacioes and other[uturc nhligations t�re s�xnnd as it mads��u thr d;U��
<br />`::;n����'��'��•=f ° of t�us Secwity InstNment Nothing iu t1�is Security instntment shaU constitute a wmmitment tu m�tk�additi�n:�t , �
<br />����*�: ��'�'` or future toans or advaaces in any amount My such commitment must bc ngrced ta in A separatc writing. ..
<br /> �����• C. All obligarions Grantor owes to Lender.which may later arise,to thc extent not prohihitcd by tativ.inctudin�,but
<br /> �t�u�yr
<br /> � �� not limited to,liab�ities fur overdrafts retating to any deptuit account�gmement bemreeit Ge:+ntcn uttJ tA'rtder.
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<br /> �;,;•fi>� D, Ail additional sums advanced and expenses incurred by Lender[or insuting.prescrvin�u.r nthrnvisc pmterifn�t
<br /> =`,r: ..t��M1 `
<br />���;;�•°-,; ,.t, . tbe Property and its vatue and any other swns advanced and expensc7c incumd by I.endct under tttc Icmts of
<br />;ir�;�,::�`� :,';� this Sec�uity Instrument. `_-
<br />::;#;JA'r` .,': 1siC... ,', ; �
<br />.�YC"t�_:f.:�. ::;��f 'I9vs Sec�ity Instrument will not sec�u�e any other debt if Lender fa�s to�ive any requimd notice af thc righi uf a�sc�.5s{�m. .� �.
<br /> � �:;, ��� 5, pAYMEPPi�.C.iantor agrees that a11 payments under the Secut�d Debt w►'ll be pa�d when due and io accur�lance � .��
<br /> ss `� �, witli tfie temss of the Secuied Debt anc!this S�curity Instrument. ,.,_,
<br /> r.�` � i�°;. 6. �VARPlA1�Y OF'i7Tl.�.Grantor warrants that Grantor is or will be lawfulty seized of the estatc conveyed hy thi9
<br /> „��;;����;:;.,;ff,:�S� Sec�rity lnstrument aud 6as the right to irrevocably gsant,cunvey.aad scq the Property to Trustce.in ttust.with +
<br /> ' ��� � ~' power of sale.Grantor also war�ants Wat the Praperty u ua�ncumbered.except[or encumbranoes of rccnr6.
<br /> -u`;�;`:':{ `� ''"% 7. PRIOA SECiJRTFY II�iTE1tES"fS.wth�e�d to any other mortgage.deed oi uus�secusity agreement or other lien �
<br /> �5�'�`���, ' t'��'��� docament that created a prior security interest or encumbraure an the Property.Grantor agrees: -
<br /> f�a��` � �{ A �o make all payments when due and to perform or comply witb atl covenants.
<br /> � - �� �
<br /> ��;;.',�Y.!�,�;.;_.��r�� B. T o p r o m p t t y deliver to Leader an y notices that Grantor receives fsom the hotder.
<br /> '�Y'�+z r s r; C. Not to aIlo�v aay modification or extension of,nor to reqaest any future adcances un der any no t c or agrce m e n t �
<br /> ;,,;<;-,� ,f%�%�. secured hy the lien document withnut L.ender's prior written consen� �
<br /> , _s,�:,.:: �T
<br /> '•°- _l,::;,;•`s-,;�•��ar,�.'. . g ��y�p�p�T ZTTLE.Grantor wnU pay all taxes,nssessments,liens,encumbrances.lease paymcnts,groand
<br /> �.'� ��� �' and other�bar es relatin to thc property when duc.Lender rttay require Grantor to provide to l.ender
<br /> .t::;.;'>i;�y,'�' rents,uti7ities, g g �",
<br /> �,.....<i..� �;.�....
<br /> � �:�;.,���a„. capies of all notices that such amounts arc due and the receipts evidencing Grantor's payment.Grantor will dciend �-__.,..
<br /> ��'';����'<,:' .;-:'.;�'�� title to the Property against any claims that would impau the lien of this Secucity lnstrament.�iraator agees to assign �,.��,;
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<br /> �"�'�`�- '�.�(`t' to Leader,as requested tsy Lender,any rights,claims or defenses Grantor may have against pazties who supply labor ��-;
<br /> ",�.��:�, ..:xte:A1 . �_—�.
<br /> . ° .�::�h?j�, ar ffiatarials w maintain or�mprove the Froperty.
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<br /> ' � �' :`�' %'; 9 DiJ��N SALE OR F1�I�lJMBRANCE.lrender may.at its option.declare the entire halance of the Secured Debt tn �;__
<br /> �` ''`'���� be a��ediatety due and payable upon the creadon o�or conttact for the¢reation o�any lien.encumbraace.transfer �.___
<br /> . .{.t�;x1� . --
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<br /> .; .,.. ;..<.�, � ar sale of the Property.Thi3 right is sub}ect to the restrictions imposed by federal law(12 GF.R,591),as appllpble.
<br /> � °%;�;+:c This covenant shaU tun with the Propeny and shall remain in effect unW ihe Secured Debt is paid in full aad this _ __
<br /> ' Security Instrument is reteased. �'��
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<br /> ��r«'"� 10 P6t.4��Eat'8Y CONDITION,Ad.'�'ERATdONS AND 11VSPECTION.Grantor will keep the Property in good �---�--
<br /> "::1�:;:� - --
<br /> _ . '' ;s,,,;� coadition and make all repairs that are reasonably netessary.arantor shall not commit or altow any waste. -
<br /> -. .
<br /> ' � .�. .•`:,;i;r;�, impaIIment,or deteriorauon of the Property.Graator will keep the Property ftee of noxious wceds and grasses. __.
<br /> °°°•=��-°--=�:'� Grantar agrees t�at the nature of the occupancy�nd use will rtot substantialIy change without Lendcr's prior written -
<br /> :,::
<br /> � ' ��'� � oo�sen�Grantor w�l not permit any chan$e in any 6cense,restrictive covenant or easement without Lertder's prior �-:-
<br /> ' • ���`''�' writtees coasent.Grantor will notify Lender of all demands.proceedin$s.ciaims.and actions against Grailtbr.and of _ �--
<br /> � ' �. :;;��h any lossor damage to the Property. �
<br /> - �" ' � � �':�-�:�, Lender or Lender's agents may,at Lender's option.cater ttte Pcoperty at any reasonable time for the purpose oS --
<br /> . • inspecting the Property.l.ender shall give firantor nolice at the time of or beforc an inspection specifying a, �
<br /> �`.��� reasonab2e purpose for the inspection.Any inspection of the Property shall be entirely for Lendet's benefit and �
<br /> .. . � Grasrtor arill in no way re3y on Lender's inspectton. ' _ _--
<br /> � ' �� " i1. AU�3�OldjTY TO PERFORNII. If Grantor fails to pedorm any duty or aay of the covenan'ts cantained in this =__
<br /> '" ' � Secu�+Instrumen�L en der may.wi t hou t n o ti c e.p e r f o r m o r c a u s e t h e m t o b e p e r f o r m e d.Grantor a p points Leader � - :
<br /> � • �.�� '.� as a'ttoiney in fact to sign Grantor's name or pay any amount necessary for performance.L.ende�'s right to pertorm for �.
<br /> � � � . Gaantor s9a11 not create an obligation to perform.and Lender's faiture to pertornt w11 not precludc Lender fram =
<br /> � . exerasmg any of I.ender's oiher rights uader the taw or this Security lnstrument.It any construction on the Pcoperty is �_:._-_
<br /> � discant3nued or not carried on in a reasonable manner,Lendcr may take all steps ncccssary to protect l.ender's �-�:-�
<br /> � seewity interest in the Property,inciuding completion of the constrnction. �`� '
<br /> � � ���'�N�pg LEqgF�AND RE1�P1'S.Grantor irrevacably grants.conveys end selis to Trustce.in trust for thc ���_'-
<br /> . � • b�nefit of Lender,as additional security all the right,titie and interest in and to any and ell existing ot future leases. ���r�
<br /> ' � subieases.and aay other written or verbal agreemepts for the use and accupancy of any partion of the Ptoperty. �;;=_
<br /> • including any extensions,renewals.modifications or substitutions of such agcements(aD refeacd to as"Leases")and
<br /> . � : � reflts.issues and profits(all referred to as "Rents").Grantor will promptly provide Lender with true and cortect -
<br /> ,: � oopies af all existing and future Leases.Grantor may coltect,receive.enjoy and use the Rents so long as Grantor is not
<br /> � . • in default�nder the tem�s of this Security Instrument.
<br /> ' • Grantar acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that l.end�r is
<br /> � . � entided to notify any of Grantor's te�anu ta make payment of Rents due or to bccomc duc to l.endcr.Hcmcver, ,.
<br /> � Lench.yr agrees t14at only on default will l.ender notify Grantor and Grantor's tenants and makc dcmand ihpt nli tuture
<br /> ' . � Rents be paid directly to Lendet.On receiving nouce of default.Grantor cvill endorse end dellver to l.ender any
<br /> �. paynnent of Renis in Grantor's possession and wnll receive any Rents in trust for Lcndcr and will not cc�mmieglc the
<br /> '� '. Rents with any oiher funds.Any amounts collected wiU be applicd as providcd in this Security Instrumcnt.Grantor ,
<br /> . '" � warsaats that no default exists under the Leases or any apQlicablc landtord/tcnant law.Gtantnr also Agrces w m�intain �
<br /> � and require any tenant to compiy with the terms of the Leases and applicable law. =:,.,�:
<br /> ' 13. L�AS�HOLD5;CONDO�VILJMS;PLANNED UNYI'DEVELOPMEI�PI'S.Grantor agrecs ta comply with th�
<br /> � provisions of any lease if this S.curiry Instrument is on a leasehold.If thc Property inciudes a unit in�+ca»d��minium �
<br /> `' or a planned unit development, Grantor will perform all ot Grontor's duties under the cuven�ts.bylaws,or
<br /> �" � •• , regulations of the oondominium or planned unit developntenL �
<br /> � • iQ. DEFAUI.T.Grantor will be in default if any party obligated on the 5ecurcd Dcbt fuils do make payment whcn dttr. .
<br /> � � . . Grantor wili be in default if a breach occurs under ihe terms of tbi�5ecurity Intitrument or�ny oiher ducument
<br /> . . �. . (P�do2ol4) ,
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