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<br /> � . H.A!1 fawre advano� Be�eficiary w Tmswr or other funae obh ons of Tzastor to B�efcciaig under anY a``. �.�_.S
<br /> ga� osto
<br /> • , `- promiss note,�'8a�'�9•or other evld�ce of debt execated by Tiaswr ia favor of E�efistary exe�uted _
<br /> �s cefereased if moie t�aa one �
<br /> ` ,' ,� after this�Sec�tacy Ins�ment wh�her or not this Secarlty�� ���Y� will se�a�re all fi�wre • ,
<br /> � � .; signs this SecArity Instram�t, each 15�usu6r aSr�s �or mnre Tiaswr.or aa�r oae or mnm Tmstar �
<br /> . sdv�anses and ihm�e obli ons thai are givea w or ia�by a�► t eveq thnuSb a11 � "
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<br /> � � � a�othas. All funue advxues and other fuwre obligations are secar�d by this Sec�rlty Ins� . � , ; ���-
<br /> . � .< ! or a4t may aot yec�be advanced.All firture advances and other firtnre obh�tions a:e sew�ed as if made on the date ,..,.� . .
<br /> A � � , � o f tphis S�a r i ty Instnm�t-Nothing in this Se�auity Insunment shall aonsatute a commiunent tn make additional or .
<br /> � �� ftttare�oans or a d v a n o e s i n aay amn u n t.A�►s�d t�ffi��be w i n a s e p a r a t e wririn S. �
<br /> . _ C.All obiigatiovs T:astor owes to BeneScian►,wiuch may]ater arise,to�ex0ent not pmhibited by Z aw.ins t u d i ag ,, .
<br /> __ .�.-=l`, bnt �t lianied to. liabilities for overdrafts cd�g w �Y �t accoant a8re�ent between Ttustor ead - - .. -
<br /> .. ; 8eneficiarY• • or otherwise protectiag - ,;:
<br /> ., . . � D.AU addiSonsl sams advanoed mmdexpenses mGUr�i by Beneflciar9 for insarinb,p�res�ng �mdet tlte tecros of t�s � ' ''
<br /> • ' the prope�ty aad its walue aad a�+otlier s�ms advanced chd expenses incaaed Y B �9 , .. <<i �..
<br /> , :�•� Secunty Insn�c- � . '
<br /> . � Tdis Securtty Inst�ment w�l not sea�e any other debt if Beaeficiars►fa7s t°gn'e a�'re�l�notice of the right of Q., ` �`:.
<br /> � . tesdsefoa . ,�� ..
<br /> i t �.�... :�;:
<br /> S. PAY1N�1�Pl'S.Trustor agrees that all paymeats ander the Secu:ed Debt w�11 i�paid when due and in acco r d a n ce wi t h t h e -
<br /> ` � terms of tlie S e�u r a l D e b t a n d t H L s Secun ty Io�ument. .. -
<br /> ' ` :� 6. WAARAN'i'Y OF TiTLL�. TrQSwr wartants t6at Tinswr is or w�l be Iawfnllq seized of the estate oonv�th power�of ' ., ;`�.•
<br /> ` S�cu�Iry IasWmeat aad t�as the right w�evac�blY 8t�t+ca�►�y aad sell the PivgertY Tr�ste�.� t�+
<br /> .� ' ; �. sa2e.Tntswr also aanaats Wai the PropeYtp is un�mbered.excePt for encmmbrances of�ecoid. •
<br /> � 7. RRYOR b'�CUIt1T1(m�i'�ERFS'�S �d��Y ottter mn ,deed of u�sst.secucitp agee�eat or other liea .
<br /> t
<br /> � ' dacument that created a ptior security�mflerest or encmnbraace on tlirte iroperty,Troswr agrees: .
<br /> A.To make all pay�when due and tn gesfonn or comply aritb all coveaants• ` _
<br /> � �- -�- -� . -: B.To promptly deliver to Beae�ci�Y an9 aotices t�t Tmstor r�ivea��holder. �,., ,._ :
<br /> C.Not to altow aay raodIfication or e�eeosioa of, nor w aay fnture advances under aay note or agm,ement _
<br /> • •,:.`;�..
<br /> . :�.•� secuned by the lieu daaiment a+ithaui$e eficia�+'s p�ior wz�atconsent. ' _
<br /> 8. C1.AIIIRS AGA�IST TiTLE.'i;rastor w�l all taxes.ass�sments,liens,eaWmbran�,�t�r to pm�vlde'to B��e&�► �` * �`
<br /> t . . ::'s- utilittes,aad other c�ar8ee reiaang w the�ro�per�►whea dae.BeneScia�+maY re��� �,Tnistoz wiU defend title w '.-
<br /> - . �;'--.' cop3es of ell notices Wa�aucb amoums are due and the iecetPts evIdeaun8 Trastor s paymm Tmsmr'.� to assi w ':'�t �-_
<br /> '. �. �� ert�► agalnst any claims tbat wanld impair the lien of this Securitq tnsu�aent. �y who supply�r . .. - ,-
<br /> .. Q�� u �ested by IIeaeficierY.anY rights,claims or defensea Tmstor may have against p ----
<br /> .�y` or 'o or tmQrove the Property.
<br /> - '• ,�.,i 9. D U E 0 3 V�A L E O A E N C I J N ID R A N C E.B e n e£c i az y�►,at its o tfon.decl�e the�balaace of the Seaued Debt w } ��, �.
<br /> � be imuteditue[y due and psyabls upon the cre�oa o�or contract�or the c r e a�on o�any l ten,�b r a n c e.u s n s f�e r o s :.:,�t..-
<br /> . � ;�' �r 'ihla rty�t is subject w the resMaions imposed by federal law(12 C.F.R.591),asapplicable.11�is �_;�1.4,;
<br /> ' . � � sale of the PrapettY• �o aad shall iewain in effea natil the Serured Debt is paid in�iill and this Security .
<br /> � wvenaut shall eun w1W the P�Y -
<br />- ` Insuumeat is reteaseA.
<br /> `.`'__! � .. ''�:.: 10. PRO&'ElITY COND�TION•AI.TERATIONS ANND INSPECTION.Tmswr w711ce�ttte ProFertY in�aod�t�o= �l -
<br /> A
<br /> � . a a d a�a k e a l irepatte that a�e reasonab l y necessa�Y. Teustor sha11 not wmmit or suow �Y T�m s t o ra�that the '�'�;;:""
<br /> �,
<br /> � detertoratloa of We Pro�erty.T n�s t or w i ll k e e p t��P r o p e n y f r e e o f a o%u s w e e d s a n d�a s s e s•
<br /> � . nanue o�the occupancy enQ uscs wW not substandalIy cbange without BeneS�y's prlor wrtttea wnsen�Tmswr wi11 not .� .,
<br /> . _' . De t m it an y c 1 t i a age i a a ay l i c e n s e.r e s u i a i v e c ovenant or easemem without Benefici�y's prior written consen�T�astor wIll _
<br /> a �,���'.��
<br /> � noti4y Beaeflciary ot ali dematWa.proce�dings�c l a�s• ��0�8��T r u s t or. and o f an y loss or d a m a g e w t h e .__
<br /> . . . ::': �op�. . ��;�
<br /> at aa reasonable time fo:the �`'Y . '
<br /> B e n o f i c ia�y o r 8 s a s f i c i a ry's ag euta wa y,at 8�efi�'ary's opSon,eater the Propertl+ Y t� �� ;.°
<br /> . . , . of lnsp e c t iag the Properiy. B e n eRciary► s h a l l S iva m s t or n o t t c e a t t h e t i m e o f o r b e f o r e a n spe a i o ns7 a '4,.,�;�_-
<br /> iaa. on of the Pmperty sbaU be entirely for B n e f fctary's 1� t
<br /> r e a s o n a b l e y�u p a s o f o r t h e i a s�e c x M Y. �P�
<br />- � -..- . _ . Trusto:wili In ao way rety oa Seneficiary's inspectiaa. �.. •
<br /> �� � , ' " � 11. AUTHORT['Y TO PERFORM. If Truswr fails�perf i��^..a�se th�w bey p��'o m�ed. Trusto�a�►poiats B n��cIazy+� _
<br /> _ Insuument. HeneBciary may. arlthout nodoe. D
<br /> � :; attotaey in fact to stgn Ttustor's name or pay any amouut�sats►for perFoimance.BeneficIarS+s r�ght W erfa�for
<br /> ,. '''; ,. � Trustor shall not create e�obligatioa to orm,and Beaeficiary's failure w perfuna�+il1 not pseclude Beae�ciary from ;.
<br />_ . e�cerclstag any ot Beneflctary'e ather�under the law or th?9 S�auity Instrament.If aay wastrac@on on thePmp erty :.•_:;_
<br />� � . � . � ia QiscondaueA or not curr�ad oA in a reasonable manner,Bene��ar�+�Y take all steps necessttry w prot�ct Beae$c�y►s _.� _
<br /> . , ... secutIry lnteres�ia itte Pnuperty.lnctud�g completion of the oonstru .
<br /> " � 1t. ASSdGNN�NT OF bLA6E8 AND ItEI�iTS.Tcustar irrevocab2�grante. c�eYs aad selts w Tmstee.ln tzast for the . .
<br /> � � beneRt of Heneticiary. es additiona!security all the ri�ht,titIe and�terest in and w any and all�xisdng or Putnre leases.
<br /> :`� . �� .. sublease9.eud any oiAer wrttten or verbal ugree�ts tor the nse and occapancy of any o:don of the Fropertq,inctnding
<br /> ._ .. auy e�cteastons tenewsila.mndiitcationv or substitutioas of sucb agreemeats(ail ref�w as Leas�")and renrs,issaes .
<br /> � de Be�fi ' witb nue aad co�ct�op9es of all
<br /> . � ana protite(a!j rcferred to as Itents").Tn�ator w�ll pm�p���e Rents so�on as Tmstar is nat ia default aader .
<br /> � �. th tentms�of this 5ca�vr��y In9uustmentm.�y coliect.rocelve.en�oY � . . .
<br /> -_ . , Trustor acknoaledBes�hat this assigament is perfocted npon the IIeaotdin8 of this Deed of Tn�sc and tbat BeneficiazS+is
<br /> - endtled to twtify an�y ot Tru�tor'e tenatus to make payment of Reats due or to becume due to Beneficiary. However
<br /> Beneftciary egrers�hat oaly on detault wlll 8eaefictary notify'1`rastor and Tzastar's tenants anA make Qem�d tbat a1� . .
<br /> tUturc Rente be afd direct�irto Beneficlary.On receiving aoticc of defanit,'lYustor wlll endorse and deliver m Beneru�
<br /> �,1 � � • . � any pa}rment of�ents ia Ttustor'e possesston and wUl receive any Rents ia t�vst fo:Beneflciary and will not commtn e
<br />"L'`: • � the Rents with any otAer tUnda. Aay amounts collecueA aUl beappli�e�d as pmvided in thfs Security Instraraeat.T r :
<br /> � wa�rants t�at ao default e�lsta uader the Leoses or any applicable IamdlorNtenant taw.Tras*.o:also agees to maintain aacl .
<br /> � , requlre any tenant to campiy wftb the terms of the Leas�s and apDlicaDle law. .
<br /> _ .� .. 13. LEAS�HbLOSi CONDOMINIUM3; PI.ANNED 11NIT DEVELO�s. Ttustor agrees to ly with the
<br /> . � . ' provis�ons of eny lease if�his Secwit Inai�ument is on a teases dufl�under t�e�covneaaa�bY-lawsor er��gulati�one of the .�
<br /> . ., ' con�dominluin oi ple ned fin dntvclop��otm all of Truator' . .
<br /> • � fPege 2 014/ '
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