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<br /> B. All future udvances trom Lendcr to Grantor or othcr[uture obligations of Grantor to[.endcr undcr any�romissory
<br /> note,contract,guaranty,or other evislene;e of debt executed by Grantor in favor ot I.ender executec!after this
<br /> Security Instrument whcther or not this Securily Instrument is speciGcally referenced. If more than one pc:rson
<br /> signs this Security Instrument,cach Grantar agrees that this Security Instrument will secure all tuture advances and
<br /> tuturc obligations that are given to or incurrcd by any one cr more Grantor,or any one or more Gr�ntor and
<br /> others.All future�dvances and other future obligations are secured by this Sccurity Instrument evcn though all or
<br /> part may not yct bc advanced.All future advances and othcr futurc obligations are securcd as if madc on thc datc
<br /> of this Security Instrument.Nothing in this 5ecurity Instrument shall constitute a commitment to make additional
<br /> or future loans or advances in any amount.Any such commitment must be agreed to in a separate writing.
<br /> C. All obligations Grantor owes to L.ender,which may later arise,to thc extent not prohibited by law,including,but
<br /> not limited to,liabilities for overdrafts relating to any deposit account agreemcnt betwcen Grantor and L.ender. —
<br /> D. All ad��tiatal sums advanced and exper►ses incurced by Lender far insuriag,preserving or ntherwise protecting
<br /> the Properly and its value and any other sums advanced and expenses incurred by Lender under the terms of
<br /> this Security Instrumenl.
<br /> This Security Instrument will not secure any other debt if Lender fails ta give any required notice of the right of rescission.
<br /> S. PAYMENTI'S.Grantor agrees that all payments under the Secured Debt will be paid when due and in acrnrdance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> 6. WARRANTY OF TITLE.Grantur warranls that Grantor is or will be Inwfully seized of the estate cunveycd by this
<br /> Securit,y Instrument and has the right to irrevocably grant,convcy,nnd scll the Property to Trustee,in trust, with
<br /> power of sala Grantnr alao warrants ihat Ihe Property is uncncumtx:red,except for encumbrances of rccord.
<br /> 7. 1'RIOR SECUlt1"fl iM'ER.'S75.W �h i •Rard b �ny othcr mortgage,decd of trust,�curily agreement ur olhcr licn
<br /> document th�t creeted a priar eecurity interesl or encwnbr�nce on the Prop�rty,Grantor agrecs:
<br /> A, 'fo meke all paymenta whon due and tu pertorm or comply with all covenents.
<br /> 8. Ta pramptly deliver to[xnder any no�ice�that(lrantor receivea from thc holder.
<br /> C. Not to allow any modiGcatlorc or extension of.nor to requcs�any luture advances under uny nate or agreen�ent
<br /> aiecuraf by thC lien dacument withnut Ixnder's priar written consent.
<br /> 8. CLAIMS AGAINST TITLE.Grantor will pay all tazes,assessments, liens,encumbrenccs, Icase payments,ground
<br /> rcnts,utilities,and othe�charges rclating to the Propedy whcn due.I.ender may require Grantar to pravide to I.endar
<br /> oopies of all notices that such amounts are due end the receipts evidencing Grantor's payment.Grantor will defend
<br /> title to the Property against bny claima thet would impair the lien of this Security instrument.Grantor agrees to assign
<br /> to Lender,as requested by Lender,any rights,claims or defe�nses Grantor may have egainst parties who supply labor
<br /> ur umiciiiti�iu iui�i,i8l,-�u7 i�?t�3rv.G ili�°ra�:.:ty.
<br /> 9. DUE ON SAi..E OR ENCUMBRANCE.Lender may,at its option,declare the entire bulance of the Secured Debt tq
<br /> be immediately due and payable upon the crestion af,or contract for the creation of,nny lien,encumbrance,tranafer
<br /> or sale of the Property.This right is subject to the restrictions impc�sed by federal law(12 C.F.R.591),as applicabk.
<br /> This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this
<br /> Security Instrument is released. ,
<br /> 10. PROPERTY CONDITION,ALTERATIONS AND INSPECTION.Grantor will keep the Property in good •
<br /> condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste, � ,
<br /> impairment,or deterioration of the Property. Grantor wiil keep the Property free of noxious weeds and graaes.
<br /> Grantor agrees that the nature of the occupency and use will not substantially change without Lender's prior written
<br /> oonsdnt.Grantor will not permit any change in any license,restrictive covenant or easement without Lender's prior
<br /> written ec�nsent.Grantor will nuti[y Lender of all demands,proceedings,claims,and actions against Grantor,end of .`. ;�:
<br /> any loss or damage to the Pr�perty. .
<br /> Lender or Lender's agents may,at Lender's option,enter the Praperty at any reasonable tirne for the purpose of �
<br /> inspecting the Property. Lender shall give Grantor n�tice at the time of ot.before an inspection specifying a
<br /> reasonable purppse for the inspeation. Any inspection of the Property shall be entir�ely for Lender's benefit aud ,
<br /> Grantor will in�no way rely on I,ender's inspection.
<br /> 11. AUTH6R1'fY TO PERFURM. If Grantor fails to perform any duty or any of the covenants contained in this
<br /> Security[natrument,Lender mav,withnut notice,perform or c;ause them to be performed.Grantor appoints L�ender
<br /> as attorney in fact to sign Gra�tor's name or pay any amouni neassary for performance.Lender's right to pedorm for
<br /> GYantor shall not create an obligation to perform, ar.d I..ender's failure to perform will not preclude Lender trom
<br /> exercising any of Lender's other rights under the law or this Security Instrument.If any construction on the Property is '
<br /> discontinued dr nat carried on in a reasonable manner,Lender may take all steps necessary to protect Lender's
<br /> security interest in the Property,including completion of the construction. �
<br /> 12 ASSIGNMFIVT OF LEASES AND REt�11'S.Grantor irrevocably Lrrants,conveys and sells to Trustee,in trust for the
<br /> beneCt of Lender,as additional sccurity aU the right,title nnd interest in and to any and all existing or future leases,
<br /> subleascs, and any other written or verbal agreemcnts for the usc and occupancy of any portion of the Ptoperty,
<br /> including any extensions,renewals,modifications or substitutions of such agreements(all reterred to as"Leases")and _
<br /> rents, issues end proCts (all referred to as"Rcnts").Grantor will promptly providc Lender with true and correct •
<br /> copies of all existing and tuture I.eaxs.Grantor may rnllect,receive,enjoy and usc the Rents sn lqng as Grantor is not
<br /> in default under thc terms of this Security Instrument,
<br />� Grantor acknowledges that this assignment is perfected upon the r�cording of this Dece�of Trust and that I.ender is
<br />- entitled to notify any of Grantor's tenants to make payment of Rents duc or to become due to L.ender. Howe;ver,
<br /> I.ender agcees tk�at only on default will Lender notify Grantor and Grantor's tcnants and makc demand that all futurc
<br /> Rents bc paid directly to L.ender. Un receiviag noticc of default, Grantor will endorsc and dcliver to Lender any
<br /> payment of Re�tt in C}rantor's posscssion and will receive any Rents in trust for L,endcr and will not commingle thc
<br /> o....�e ...��h o,.�.,raa.r���de Anv amnunt�collected will be aunlied as nrovided in this Se¢uritv Instrument.Grwtor
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<br /> wanants that no default exists undcr thc Lcases or any applicablc landlord/tcnant Iaw.Grantor also agrees to maintein
<br /> aad reqaire any tenant to comply with the terms of the Leases and appli�cablc law.
<br /> 13. LEASEHOLDS;CONDOMINIUMS;PLANNED UIYIT DEVELOPMEIVI'S.Grantor agrecs to comply with thr:
<br /> provisions of any lease if this Security Instrument is on a lea.sehold.[f thc Property includcs a unit in a condominium
<br /> or a planned unit devclopment,Grar+tor will perfurm all of Grantor's duties under thc covenants, bylaws,or
<br /> regulations of the condominium or planned unit developrnent.
<br /> 10. DEFAULT.Grantor will be in default if any party obligatcd on the Secured Debt fails to makc payment when Jue.
<br /> Grantor will be in dcfault if a breach cecurs undcr the tcrms of this Sccurity Instrumcnt or any other document
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