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<br /> F3. All fuwrc advanccs from C.�:ndcr to Grantor ar othcr futurc abligations c�f Grantnr t��IAn cr unQcr uny pr��missory
<br /> notc,contract,gunr�nty,ur uthcr cvidencc of dcbt cxccutcd by Grantur in fuvor of l.cndcr cxecutcd aUcr thiy
<br /> Sccurity ingtrument wh�ethcr or not this S�:cudty Instrument is speci�cully refcrenced. (f mc�rc than onc person
<br /> signs this Sccurtty Instrument,each(irantar agrees thut this Security Instrument will secure i+ll future ndvances and
<br /> futurc abligations that�uc givcn to ar incuned by any�nc or morc C3rnntor,or any onc ar morc aruntar c�nd
<br /> othen.AU future advances and othcr future obligations are secured by this Sccudty Instrument even thuugh all or
<br /> part may nat yct bc advanccd.AQ futurc advanccs and ather future�bligatio��ti nre sccured as if made on the date �
<br /> of thls Securlty Instrumcnt.Nathing in this Sccurity Instrument shaU ronstitute a commitment to makc additiunal
<br /> or futurc loans or udvunccs tn any amount.Any such commitmcnt rnust bc agrccd tu in a separatc writing.
<br /> C. All obligatians Grantor awes to L.endcr,wh{ch may latcr arise,to thc extent not prohibited by IAw,including,but
<br /> not limited to,Ifabilitics far ovcrdrafts rclating to any depaslt account agreement betwcen Clrantor and Lender.
<br /> D. All addlttonal sums ndvanced and expenses incuned by Lcncler far Insuring.preservtng or otherwise protecting
<br /> the Property and its valuc and any other sums advanced and expenses incurred by Lender under the terms of
<br /> this Security Instrument.
<br /> This Secudty Instrument will not secur�any other debt if Lender fails ta give any rcquired natice of the right of rescission.
<br /> 5. PAYMEN'TS.Grantor agrces that all payments under the Secured Debt will be paid when due aad in accordance
<br /> wlth the terms of the Secured Debt and this Security Instrument.
<br /> 6. WARRANTY OF TiTLE.Grantor warrants that Grantor is or will be tawfully seized of the estate conveyed by this
<br /> Sectuity Instrument and has the dght to irrevocably grant,convey,and sell the Property to Trustee,in trust.wlth
<br /> pawcr of sale.GrAntar niso�varrants that the Property is unencumbered,exccpt for encumbrances of rccord.
<br /> 7. PRIOR SECURITY IIVTERESTS.With regard to any other mortgage,deed of trust,secur�ty agreement or other Hen
<br /> docucnent thQt created a prlor security interest or encumbrance on the Property,Grantor agrees:
<br /> A. To make aU payments when due and to perform or comply with all covenants,
<br /> B. To promptly delivcr to Lendcr any notices tbat Grantor receives from thc holder.
<br /> C. Not to allow any modification or ext�nsIon of.nor to request any future advances under any note or agre�ment
<br /> secured by the lien document without Lender's prior written consent.
<br /> & CLAANS AGAINST T1TLE. Grantor will pay aU taxes, assessments.liens,encumbrances,lease payments,ground
<br /> rents,utilities,and other charges relating to the Properry when due.I.ender may require Grantor to provtdc to Lender
<br /> copies of all notices that such amounts ere due and the receipts evidencing(irantor's payment.Cirantor wiU defend
<br /> title to the Property against any claims that would impair the liea of this Security Instrument.Grantor agrees to aasign
<br /> ro I.ender.as requested by Lender,any dghts,clatms or defenses Grantor may have against parties who supply labar
<br /> or materiuls to maintain or irnprove the Property.
<br /> 9. DUE ON 5ALE OR ENCUIY�BRANC&Lender may,at its opdon,declare the entire balance of the Secuced Debt w
<br /> be immediately due aad payable upoa tbe creation o�or coatract for the creattan of,any lien,encumbraace,tran�fer
<br /> or sale of the Property.'I�eis dght is subject to the restricNons imposed by federAl law(12 C.F.R.591).as applicabk.
<br /> This covcnant shall run wIth the Property and shall remain in effect untll the Secured Debt is pald in full and thls
<br /> Security Instrument is nleased.
<br /> 10. PROPERTY CONDITION,ALTERAT10N8 AND INSPECT[ON.Graator will keep tbe Proporty in gbod
<br /> condition aad mare aU repairs that are reasonably aecessary. Grantor shatl not commit or allow any waste,
<br /> impalrmcnt,or deterioration of the Property.(irantor wiU keep the Property free of�noxious weeds aad grasses.
<br /> Grentor agnxs that We nature of the oocupaacy and use will nat substantially chaage wlthout i.ender's prior written
<br />� oonsent.Grantor will not pem�it any cLw►ge iu suy ii�u�,rc�Uicilve cov�nent �r ease;aent wtt�out Lende.'s�;�:a:
<br /> written consent.Grantor wtll notify Lender of aU demaads,proccedjngs,claims. and actions ageinst Grantor.snd oP
<br /> eny loss or damage to tha Property.
<br /> Lender or L.ender's a�ents may,ut Lender's optton,enter the Property at any reasonabk time for the Purpose of
<br /> inspecting the Property. L,ender shail give drantor notice at the time of or before an inspection specIfying a
<br /> reasonable purpose for the inspection.Any inspectioa of the Property shall be entirely for Lender's bene�it and
<br /> Grantor will in no way rely on i.ender's inspection.
<br /> _ 1L AU'i'HORTI'Y TO PERFORM.If Grantor fails to perform any duty or any of the covenants contained in this
<br /> Security Instrument,Lender may,without notice,perform or caus�them to be pedormed Grnntor appoints Lender
<br /> as attorney in fact to sign Grantor's name or pay any amount necessary for performance.Lender's right to perforat far
<br /> Grantor shall not create an obligation to perfarm, and Lender's feilure to perform wtll not preclude I,ender from
<br /> exercising any of Lender's other rights under the law or this Security Instrumen�If any coasriuction on the Property is
<br /> discontinued or not carried on in a reasonable manner,Lender may take all steps necessary to protect Lender's
<br /> - security interest in the Property,includIng complerion of the construcrion.
<br />_ 1Z. AS3IGNMENT UF LEASES AND RENTS.Grentor irrevocably grants,conveys end sells to Trustee.in trust for the
<br /> bene�it of Lender,as addidonal security all the right,title and interest in nnd to any and atl existing or future leases.
<br /> subleases,and any other written or verbal agreements for the use and occupancy of any portion of the Property,
<br /> including any extensions,renewals,modi6cations or substitutions of such agreements(all referred to as"Leases")and
<br /> - rents,issues and profits(aU refened to as"Rents"). drantor will promptly provide Lender wlth tcne and correct
<br /> - vopies of all existing and future I.eases.Grantor may collect,reccive,enjoy and use the Rents so long as Grantor is not
<br /> � in defauit under the terms of this Sccuriry Instnuncnt.
<br /> � Grantor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Lender is
<br /> � entitled to notlfy any of Grantor's tenants to mnke payment of Rents due or to bewme due to i.cnder. However.
<br /> Lendcr agees that only on default will Lender notify Grantor and Grantor's tenants and make demand that all future
<br /> = Rents be paid directly to Lender.On receiving notice of default,Grantor wtll endorse and deliver to Lender any
<br /> ' payment of Rents in Grnntor's possession and will receive any Rents in trust for Lender and will not commingle the
<br /> Rents with any other funds.Any amounts collected wiu be apptied as provided in inis�ecuriiy insirumc��i.via��io�
<br /> wanunts that no default exists under the Leases or any applicabk landlord/tenant law.Grantor atso agrees to maintain
<br /> and requirc nny tenant to comply with the terms of the Leases and applicable law.
<br /> 13. LEASEHOI,DS;COIVDOMWIUMS;PLANNED UNIT DEVELOPMEIVTS.GrAntor agrces to comply with thc
<br /> provisions of any Icase if this Security Instrument is on a leasehold.If thc Property includes a unit in a condominium
<br /> or a planned unit dcvelapmcnt,Grantor will perform all of Grantor's duties undcr the covenants,by-laws,or
<br /> regulations of thc condominium or planned unit devclopmcnt.
<br /> � 14. DEFAULT.Grantor will be in default if any party obligatcd on the Sccurcd Debt fails to make pay�nent when due.
<br /> Grantor will bc in dcfault if a breach occurs undcr thc tcrms of this Security Instrument or any other document
<br />_,u • (P888 2 or4)
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