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<br />`���n;`::`:•a�:;� B. AU future advsaoes fmm Lendw W Graator ar other fuuue obtigations nf Grantor ta Lender under any pmmis,wry , `'�;;���,�.
<br /> `��."'� gua�antY �other evideuce of debt executed try GranWr ia tavor of ixndes eaecuted after tt�s
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<br /> ' � �ty Iasuument whetltei or n:ot t�is 3ecu�ririr lastru�ent is speci�calty refenenced 1f mon than one persoQ ,_�t �`
<br /> ��` �` �� "`I st lf�s,Seaui Insttutnen�each Grentotagiets that tt�Security Inst�umeat ar�l secure sll fatttre advattoes and ,,y_..r
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<br /> 2 . �;�� fatute abli�atio�as that ar�given to or incu�sed bY anY one or more t3�r.or aay aae or moze Graator aad .,�, �-
<br /> ��;'L�:.`. ' others.All futnre advanoes and other fut�ue ohtigatinns are s�d by tkis Secutity Ias�ent evea tkough all or :.�,,_`.
<br /> - <<.r.�;``'`„��, part may not yet be advaaced.All fntr•re advaaces and other fut�ne obli�atirnos are seca�ted as if rnade on the date � --
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<br /> ,,�=. � of t�is.3�nity tustr+nmeuL Ptot�m itt�s Sec�itp Inst�ent shal�oc��tituie a cammitment to make additi5na1 '�F K`'
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<br /> �a;,:�"-`=� or fat�e loans ar advanses in aay amo�m�Any sucli c�mmitmee�t m�t be agreed to in a separate writiag. "�• _. ,�
<br /> 5� G All oblig�oas Ci�aator awes to I.ender.which may l�ter a�ise,to the eatent not prohibited tty law,incl�ding.but u`� 1;
<br /> �f:.= '� �` aot limited to,tiablities foz avendrafts relatmg to any deposit awomit agreement between Grantor and I.eader. .,
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<br /> �' t F :�. D. AII add'itioaal snms advanced ead expenses iaraaied by I.eades for ins�ring,preserving ar o i berarise pro t e d i n S f
<br /> �''�4;� ` the Pruperty and iu waWe snd aay oitier smns advanced aa�eapeases iacuaed by I,ender under the terms of -�
<br /> : � this Se�tttity Ipstmment . `^�°`'
<br /> `=`�`�° 17�Secmity Igstrument w�aot seatte a�►otherdebi if Lender fa�s to give any nequued natice of ihe tigh�t of�nn. .
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<br /> �r, s:; �. S� PAIifMFd►i`�'S.Giantor agrees that all pa�ments uader the Secued Debt wiU be paid lvhen due and in accordanoe � � �
<br /> �*u�`�s�`f.` ari�the te�sQf the Sec�red Debt aad this Secaaity I�eat �`'��'=-
<br />_ .-.�:�te����.�,.�,.�,c: '- ---
<br /> •,....,.:��.,•.r..:7i. 6. WA►RRAPPIY OF 7�i.E.(itautor warrants tbat GrsaWz.is or w�l be lawfulty seized nf the estate comcyed bg this' - __=�
<br /> � -" ` ,. � geauityy tnst�e.n3 and bas the�ght to irreva�b�9 g�a�t,�vey,aad sen tke Prape�y to Tmstee.in vust,wi� --- .
<br /> �;� _•�:� power oYsale.(i�nr aL�o wanantg Wat t6e?�ertY is uaeucumbered,eacept for eacumbrances of recard. . �"� `'
<br /> ` 's'�°' � 7. PSIOR SECUI@i`�Y 11�P�L@FS'�'5r With re to an otber m deed of trast,sea�rity agreement or other tiea � ,
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<br /> s,�3� document tlxat cr�ased a p�or s�atritq inRenest ore��cumbr�cce oa the PmpertY,(irantor agree� , � �°
<br /> �w'��� eF_� A. Toraakeallpaymernsw�ettdueatt�toperf�itiio=aumptywithalicovenantt ' � -
<br /> +��,fx�; �� . .B. To p m m p t t y d e}i v e 4 t a�e n�e r a n y n o t i c�,s W a t(�l r a Ator rec�ives from the holder. ��``, -0 =
<br />,.,��5^�•�: `: . ' C. Not W alloivaAy nmdifcation ot e�uetis�on o�nar to req�est any futwe advauces andera�mgwmte or ageem�nt
<br /> sec�uedb�t;thekendpcumenta+ithoti�lCa2nde,a'spriarwdtteaaonsent. ? . � -
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<br /> � 8. Cf.AHtd3 AGAINST 7tT17.E.Grantar w7�pa►y af!taxes._assessmeuts.liens,enc�mb:auces,teage�aynteats,ground �''� r°:
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<br /> ' �:, repts,u�ies,arsd OUtet cilarges�rel�ng W the Pmperty+�Len due.Lcnder maY rec�Grantor to provtde w Leuder - --
<br /> : '-�,� oopies of al}aa�lees Wat such aiuouats aie due and We receipts e v i d e n c i n g G r a�r�PaFmen�Grantpr w�i.�fend _
<br /> ' ,�. ' titIe to t�e Pr+o�y aga�st arnr��s tbatwould impais the lien of Wis Seauity I�stnmaen�.Cirmnwr ag�reesto�ga� _ --
<br /> z° . . w Lender,as,��ted try I.endes,er�y rights,�aims or defenses Crantar may have ag,ainst part�es who$apply tabbr -
<br /> Z � : ormaterialsta�a�aintainorimprovetheProperty. : .. . . . . .. . j ,-—
<br /> Ts ^ �: . 9. DIJ�UN S}ALE OB ENCU�I'IBBANCE.I+eAder may.�nts option,deciase the en�s ba2�nce oY t6e Secured]�iq'
<br /> -�-�-� be�immediately due end pay$b1e upon t6e creation o�or conuact for the creation ti�x�x Ten,enewnbrance.tc�sfe�. �, ,:
<br /> `, , �, or sate of tfie�rc�erty.'i�. t is subjeGt.�►We resbrictions impased by federal ia�a��i��'.R,.�1).as }�cabl� ,� .��-_
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<br /> ��� T6is coveuant��A.rtm wit�i�.:P roperiy a r a i d s h a D remain in effect'uatil the Se.ct�'ed•I�ebi�p a�d'ur and this ---
<br /> ; � � . gecurity lnstca�ieut is setea�e�1,; . . . � ` � �:ti � _ _
<br /> ` 10. PROFERTY C�NDITfC�1�,i�T.1ERA'i'tONS AND;INSPE�°l'I01�1.GraAtor�s�!keep the praperty in good
<br /> �` `"` � �°� � ` condiliop and make alt rega3rs t6at are reasonabiy j�essarq.tirantor shatb0��ii commit.or allow�any waste, '
<br /> �`'>=�`-,'':'�-':;�_'�" . impairment,o;deterioradoA of tbe Pr4�ertY.Grantar:�l keep the Property free of noxiovs weeds an3 grassea -
<br /> .."�.�...'-� �.. ; Grantor.agrees;;f�at the nature of the occupancy and use cviD nat�ialty change w�thout Leade�s prior written
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<br /> ��r�::,{. .. ooaseut Cir�,tmz��ill not pemrit any d�ange in aay licease.restr�cbv��ven�nt or easement wtWom Lende�s prias
<br /> . .. wtiuen consenf���Sntor w�l notify Lender a�f aD demauds,Droceedin'$s.cla�s+and actions against Granwr.aad oY
<br /> ,�,�N�t�,'� ar�7,tbss az damago W the Praper.ty. � � : �
<br /> �����•''"'"' Lc�der or Lende�'s ag�nts�y,at Lende�s optton,�ater the Property at aay ressonab2�time for t6e.Putpose o4 .
<br /> �-� -,e,•�, . t n s p e c t i n g t h e P r o p e r t y.I.e r i i 3 e:s h a l l g i v e�O r a n t o r n o i�c e a,t t h e ri m e o i o s b efore an.ins gection s pe c 3 f y i n g a
<br /> ��' reasonabte for the n. on�of the Properiy shaU be entireiy foi£�der's beaefit and
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<br /> � : . pmpose° taspecao A� � . . . .
<br /> ' ���°_ �. � . Qraatoiwill innoway relyonLende�s�nn. �. . '`
<br /> -��`.;�����'�. 11 AUTHORYtY TO PERgORM.It tiranWs.faits to pedurtp any duty or aay of 1he cwvenants contained im this
<br /> ..`°,.:a,-�t�-:i;.---_ � Secutity IAStsumEnt,i.ender ieay,without aotice.perfarm or caa�e them to be performed.(3rantor appoints h.r��tder�
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<br /> � �;`�`' � as attomey ia faCttoaiga Gr�or'saame orpay anyaafount a for pedo�nance.Leader's�ight wpe�s'fox -
<br /> �{,1_. �: �
<br />-`.:. ,.:,`•�::'r GaaAtor sbaII noi create an obliga8on to perforr�,aad L�ndar'�we to perPom�will nat prechide Lende��um�� .
<br />` y��:'.;��,.��,:•.',: � exerdsing any oi Leuder's ather rs'ghts under the taw or this Se�rity tastruueen�If eny aansfructloir on We Ymp�i'4Y�i�• �,.. �:�.:
<br /> , ';r�-.�r :�;, � discandnaed or not carried aa in a reasonable mann�r,Leader may take all steps necessary ta protect Lea���"'s. , ..
<br /> `_,.�,h� ,.' r ; securitS►interestiatfleFroperty.,inclact'ingedmptetianofp�econswcaon. � ::,'.. 4- _
<br /> . •+:; 12. A83IGNMEPPP mF I.E�48ES AND�rifS�.(3rantor ir�zvacably,grants.camrays aad se11s ta Trustee.in trus�l�Gm+r the
<br /> �• �:y:.::� � bene8t of Lender�as add'itlonal serurlty all the rigii�.titte aad interest in and to any and aU existing or futmre I�ases.. -
<br />_ ..,: .;�;,
<br /> .�; • .. subleasas.and any ot�er wrttten or verb�l a�reements for the use and accupancy oi any gotoio�t of the Pruperty. .
<br /> ., ,''`�,��"���: • iaclnd'vng any extenslons.renewala,mnct�cations ar substitutfons oi such agreemeats(all reterred to as"T.eases")and =- -
<br /> � � . . rents,issues and profits(all referred to as"Reats"y:farantoi wU promptty provide lxnder wlth We and conect - -
<br /> '1 .,
<br /> ooy�es of ali esistl�g an�hrture Lea�es.(Itantor mayoa�t,receive.enJoy and tesethe Rents so long as(irant�risnot E �_
<br /> ` '_ Ln defanit und�tr t�►e terms c��t6ts Security Iastrament: � .. . . �� :
<br /> " GrantoF acM►o�rtectges t�at tlris assigament is perfected apon the recnrd�ng oi thia Deed af Tr�st and that 1.eader is � =
<br /> �' �`i entitted to notify eay of tiraatvr's tenaats to make payment of Ret►ts due or to beoome due to Lendcr.However, �- -
<br /> ;t ;; •" � Lender agcees that only an defautt a►iIi Lender notify�3rantor aud Oranto�a tenanta and mage deu�aad that all future . �- _-
<br /> .;�'�l� _. .'F"- � Itents be paid directiy ta Len�er.On rereivtag aotice o1 defaWt;Oraator we�l eadors�and deltve�r 1�X.eitder at►y . �
<br /> ` < . . . � � pt�jmcent oi Reats ia(iraato�'s possess�on aad will receive'any Rents in tnut far Lender aad arlli nat commiagte�the ' �,
<br /> ,.�; Aents aritb any other funds:Any araounts collected will be applied as pravtded iu this SecurHy l�trumen�C3rantor =
<br /> .:;°;;::';::�':.� warran i s t ha t no de f a u t t e s l s t s u a d e r the Leases ar an y a p pllcab2e landlord/tenant law:(irantor also ags�es to�aintain ,:,,:,'
<br /> ,, ° � ;� and requ}re any tenam ta comply witb the terms of the Lases am�applieable law.
<br /> L�. I�9ElqOlA3;C(3NDOMtPiIUI��PLA1�D iJN1P IDEVELOPME11Ti'�.(irentbs agrees to wmply arit6 ttt0.
<br /> . , '`�.' �tovtslons af at►y tease�f ttds Seauity Instrtiment is an a teasehold.U the propetty irneiudes e unjt ut a condannitdttm �
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<br /> • ': � or�planned ui t developmen�(3rantos wili pedorm atl of Grentor's duties under the covenants.by-taws,or ,;::,;
<br /> ,��,-....' ., . ,•.;.. �egtiladansoitheeoadonainium orplarmed unitdevetopmea� ' �
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<br /> ' 14r DEFAULT.tirantor will be in deiaWt if a�►party obligated on the Secured Debt isils to make payment when�due. � .,N
<br /> � Grantor wlll be in defaWt it a brear.h occuts nnder the terms of ihis Security Instrumeat or any mher.dacument
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