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<br /> B. AU futurc ndvances from Lendcr to Cirantor or othcr futurc obligations o(Grantor to I.ender unde any promissary
<br /> note,contract,guaranty,or other evldence af debt executed by Grantor in favor of Lt:nder executed atler this
<br /> Security Instrumant whether ar not this Secur(ty Instrument is specifically referenccd. 1f more than one person
<br /> signs this Securlry Instrument,each Grantor agrees that this Security Instrument will secure all fuwre advances and
<br /> future obllgaUons that are given to ar incuned by any one or more Grantor. ar any onc or more Grantor and
<br /> othcrs.All futurc advances and other futurc oblig�tions are secured by this Sccurity Instrumcnt cvcn though all or �
<br /> part may not yet be advanced.All future advances and other future obligations are secured as if made on the date
<br /> of this Secudty Instrument.Nothing in this Security Instrument shall constitute a commitment to make;addittonal
<br /> or future loans or advances in any amount.Any such commitment must be agrced to in a separate writIng.
<br /> C. All obligations Grantor owes to Lender,which may later arise,to the ext�nt not prohibited by law,including,but
<br /> not limited to,liabilities for overdrafts relating to any deposit account agceement between Grantor and Lender.
<br /> D. All additIonal sums advanced and expenses fncuned by L.ender for insuring,preserving or otherwise protecting
<br /> the Property and its value and any other sums advanced and expenses incurred by I.ender under the terms of
<br /> thfs Security Instsument.
<br /> Ttils Securlty Instrument will not secure any other debt if Lender fails to gve any required notice of the right of r�cission.
<br /> 5. PAYMEIVI'S. Grantor agrees that all payments under the Secured Debt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and th3s Secudty Instrument.
<br /> (, WARRANTY OF 1TTLE.Gtantor warrants that Graator is or will bc lawfully seized of the estate conveycd by this
<br /> Security Instrument and h�s the right to trrevocAbly grant,convey. and sell the Property to Trustee.in trust,with
<br /> power of sale.Grantor also warrants that the Property is unencumbered,except for encumbrances of record.
<br /> 7. PR10R SECURITY INTEREST3.With regard to any other mortgage,deed of trust,securlty agreement or other lien
<br /> dceument that created a prior security interest or encumbrance on the Property.Grantor agrees•
<br /> A. To make all payments when due aad to perform or comply with aU covenants.
<br /> B. To promptly deliver to Lender any notices thut Grantor receives from the holder.
<br /> C. Not to allow any modif3cation or extension of,nor to request any futute advances under any note or agreement
<br /> secured by the Uen document wlthout Lender's prior written consent.
<br /> 6. CLAIIVIS AGAINST TITLE.Grantor wIll pay all taxes,assessments,liens,encumbranccs,lease payments,ground
<br /> rents,utilities.and other charges relating to the Property when due.L.ender may require Grantor to provide to Lender
<br /> copies of all notices that such amounts are due and the rec�ipts evidencing Grantor's payment. Grentor will defend
<br /> title to the Property against any claims that woWd impair the lien of this Security Instrument.Grantor agrees to assign
<br /> to Lender,as requested by Lender,any nghts,ciaims or deienses Crrantor may i�avc aga3nsi parti�s u�ha supply!alsor
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Lender may,at its option,declare thc entire balance of the Secured Debt to
<br /> be iaimediately due and payable upon the creation of,or cc�atract for the creation of,any lien,encumbrance,transfer
<br /> or sale of the Properiy.This right is subject to the restrictions imposed by federal law(12 C.F.R. 591),as applicable.
<br /> This covenant shall run with the Property+and shaU remain tn effect until the Secured Debt is paid in full and this
<br /> Security Instrument is released.
<br /> 10. PROPERTY CONDITION�ALTERATIONS AND INSPECTION. (irantor will keep the Property in good
<br /> condition and make all repairs that a*e reasonably necessary. Grantar shall not commit or allow any waste,
<br /> impafiment. or deterioration of the Property.arantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of the occupancy and use will not substantially change wtthout Lender's prIor written
<br /> consent.Grantor wlll not permit any change in any Gcense,restrictive covenant or easement without L,ender's prior
<br /> wi3tten consent.Grantor will notify Lender of all demands,proceedings,claims,and actions against Grantor,and of
<br /> any loss or damage to the Property.
<br /> Lender or L.ender's agents may.at I.ender's option,enter the Property at any reasonable time for the purpose of
<br /> inspecting the Property.Lender shall give Grantor notice at the time of or before an inspection specifying a
<br /> reasonable purpose for the ins�ection.Any inspectlon of the Property shall be entirely for Lender's benefit and
<br /> Grantor wiU in no way rely on Lender's inspection.
<br /> 11. AU'fHORTI'Y TO PERFORM.If Grantor fails to perform any duty or any of the covenants contained in this
<br /> Secudry Instrument,Lender may.without notice,perform or cause them to be pedormed. Gruntor appoints Lender
<br /> as nttomey in fact to sign Grantor's name or pay any amount necessary for performance.Lender's right to perForm for
<br /> Grantor shaU not create an obligation to perform.and Lender's fai►ure to perform will not preclude L.ender from
<br /> exercisir�g any of L.cndcr's athcr rights under the law or tl�is Security Instrument.If any construction on the Property is
<br /> discontinued or not carried on in a reasonable manner,Lender may take all steps necessary to protect Lcnder's
<br /> security interest in the Pruperty,including completion of the construction.
<br /> 12. ASSIGNMENf OF LF,ASES AND REN'I'S.Grantor irrevocably grants.wnveys and selLs to Truste�,in trust for thc
<br /> benefit of Lender.as additional security all the rlght,title and interest in and to any and all cxisting or future leases,
<br /> sublcuses,and any other written or vcrbal agrcements for the use and occupancy of any portion of the Property.
<br /> including any extensions,renewals,modifications or substitutions of such agrcements(all refencd to as"I.cases")and
<br /> rents,tssues and profits(all refened to as"Rents"). Grantor will promptly provide Lender with irue and correct
<br /> copies of�ll existing and future Leases.Grantor may collect,receive.enjoy and use the Rents so long as Grantor is not
<br /> in default under the terms of this Security Instrument.
<br /> Grantor acknowledgcs that this assignment is perfected upon thc rccording of this Deed of Trust end that Lendcr is
<br /> cntitled to notify any of Grantor's tcnants to make paymcnt of Rents due or to become due to Lendcr.Howcvcr.
<br /> L.ender Agrces that only on default will Lender notify Grantor and Grantor's tenants and make demand that all future
<br /> Rents bc paid directly to L.ender. On receiving notice of default. Grantor will endorse and deliver to Lender any
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<br /> payment of Rents in Grantor's po�session ana wm receive any iccnis in irusi iuc ix�iuci a��u w..����.�,�.-��.��r��....�...
<br /> Rcnts with any other funds. Any amow�ts collected will be applied as providcd in this Security Instrument.Grantor
<br /> warrants that no default exists undcr the L.eases or any applicab(c landlord/tenant law.Grantor also agaees to maintain
<br />= and require any tenant to comply with thc tcrms of the Leases and applicable law.
<br /> — 13. LEASEHOLDS;CONDOMINIUMS;PA,ANNED UNIT DEVELOPMENTS. Grantor agree�to comply with the
<br /> - provisions of any Icesc if this Security Instrument is on a leasehold.If the Property includes a unit in a condominium
<br /> or a planned unit development, Grantor wiN perform all of Grantor's duties undcr the covenants, by-laws,or
<br />- rcgulations of thc condomimum or planned unit devclopment.
<br />�`- 14. DEFAULT.Grantor will be in default if�ny party obligated on thc Securcd Debt fails to make paymcnt when duc.
<br />�� Grantor will be in d�fault if a brcach orcurs undcr the terms of this Security instrument ur any other documcnt
<br />_ (page 2 ot 4j
<br /> — O f 991 Banken Systemti Inc.&t Clad.MH 11�8pp3D7•23�1)iam RE-0T•NE 918N1
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