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<br /> B. All[uturc udvanccs from I.cndcr to GrAntor or othcr futurc obl3gations of Gruntor to Lcndcr undcr uny promiss�ry
<br /> notc. contract,guecanty,or othcr cvidencc of dcbt exccuted by Cirnntor in favar af I.endcr exccuted aftcr this
<br /> Securlty Instrument whether or not this Secur�ty Instrument ig speci�cully referenced.If morc than anc persan
<br /> signs this Securitylnstrument,each Grnntor agrees that thls Secudty Instrument will secure all future advances and
<br /> future obligation�that are given to or incuned by any one or more Ciruntar,ar any onc�r more Grantor and
<br /> others.AU tutureadvaaces and other future obligations are secured by this SecurIty Instrument even though aU or
<br /> part may not yet be advanwd.All futurc advances and other futurc abligatlons are sccured as if made an the date �
<br /> of thia Security Iastriunent.Nothing in thIs Security Instrument shaU constitute a wmmitment ta make additional
<br /> or future loans or advances in Fu►y amount.Any such commitment must be agreed to in a separate wriGng.
<br /> C. All obllgations Grentor owes to Lender.which may later arise,to the extent not prohibited by law,including,but
<br /> not limited to,liabilitIes for overdrafu relating to any deposit account agreement between Grantor and L,ender.
<br /> D. All udditional s�ms advaaiced and expeases incurred by I.ender for insuring.preserving or otherwise protecting
<br /> the Property and its value and any other sums advanced and expenses incuned by I.ender under the terms oi
<br /> this Security Insttument.
<br /> This Security lnstrumentwill not secure any other debt if Lender fails to give nny required notice of the right of rescission.
<br /> 5. PAYMEN'TS.Grantor agrees that aU payments under the Secured Debt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and this Securlty Instrument.
<br /> . 6. WARRANTY OF TrI'LE.(irantor warrants that Grantor is or wiU be lawfully seized of the estate conveyed by this
<br /> Secur�ty Instrument and has the dght to Inevocably grant,convey,and sell the Property to Trustec.in trust,with
<br /> power of sale.(irantor uuls�o warrants that che Property is unencumbered,except for encumbranees nf record.
<br /> 7. PRIOI�9ECURITY iNfERE5TS.Wilh rcgt�rd to any other mortgage.dced of trust,sccurity agrcemcnt or othcr lien
<br /> dacument that created s priar r,ecurity interest or encumbrancc on thc Praperty,Grantor agrees:
<br /> A. 1'o makc all puymcnts whcn duc nnd to perform or cnmply with ull cov�:nants.
<br /> 8. 'fo prnmptiy dc;Uvcr�o[.cndcr xny nodc�s thnt Urantur rcccivc9 irom thc huldcr.
<br /> C. Not ta ullnw nny mexlificudon iir cxlcnylun c►P,nnr tu rcqucst�iny futurc ndvnncis undcr imy not�:or ugrcemcnt
<br /> sccured by thc Ucn aiceument without 1�:ndcr's prior writtcn cUnscnt.
<br /> !I. CI.AIM9 AGAINST 'I1TI.E,arxntor will puy ull tnxcw,usscssmcnts,Iicns.oncumbr�►nccs, Icuso puymcnt9,ground
<br /> rcnts,udlitics,und��nc�rchurgcy rclating tu the Prn�rty when duc.L.�:ndcr may requirc Gcnntur w providc to I.cnder
<br /> copies of a�l notices tbat such amuunts urc duc nnd the recclpts cvidcncing Grnntor's payment.Grantor will defend
<br /> title to thc['roperty agalnst any claims that would Impuir the licn of this Security Instrument.Grantor agrees to assign
<br /> to Lendcr,as requestedby Lender,any righ�g,cluims or defensas Grantor may havc against parties who supply labor
<br /> or materiais to maintain or uaprovc ine Froperiy. °
<br /> 9. DUE ON SALE OR ENCIJMBRANCE.Lender may.at its option,declare the entire balance of the Secured Debt to
<br /> be immediately due and payable upon the creat[on of,or contract for the creatton of,any lien.encumbrance,transfer
<br /> or sule of the Property.Thls right is subject to the restrtctions imposed by federal law(12 C.F.R.591),as applicable.
<br /> 'I'his covcnant shall run w'sth the Property and shaU remain in effect until the Secured Debt is paid in full and this
<br /> Security Instnunent is released.
<br /> 10. PROPERTY CON�ITION,ALTERATIONS AND INSPECTION.Grantor will keep the Property in good
<br /> condition and make all repairs that are reasonably necessary. Grantor shaU not commit or aUow any waste,
<br /> impairment,or deterioration of the Property. Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor egrees that tl�e nature of the occupancy and use will not substnntially change without Lender's prior written
<br /> consent.Grantor will not permit any change in any license,restrictive covenant or easement without Lender's prior
<br /> writtr,n consent.Granta wiU notify Lender of all demands,proceedings,claims, and actions against Gtantor,and of
<br /> any loss or damase to the Property. •
<br /> Lender or I,ender's agents may,at Lender's option,enter the Property at any rcason�ble time for the purpose of
<br /> inspecting the Property. Lender shall give Grantor noticc at the time of or before an inspection specifying a
<br /> reasonable purpose [or the inspection. Any inspection of the Property shall bc entircly lfor L.ender's benefit and
<br /> Grantvr wil]in no way rely on L,ender's inspection.
<br /> 11. AUTHORITY TO I�ERFORM.If Grantor fatls to perform any duty or any of the covenants eontained in this
<br /> Security Instrument, Lender may,without notice,perform or cause them to be performed.Grantor appoints Lender
<br /> as attorney in fact to sign Grantor's name or pay any amount necessary for performancx.Lender's right to perform for
<br /> Grantor shall not aeate an obligation to perform,and Lender's failurc to per�orm will not prcclude Lender from
<br /> exercising any of Lender's other rights under the law or this Security Instrument.If any construction on the Property is
<br /> dlscontinued or not carcied on in a reasonable manner. Lender muy take all steps necessan+to protect L.ender's
<br /> security�nterest in the Property,including wmpletton of the construction.
<br /> 12. ASSIGNMENT OF LEASFS AND RENTS.Grantor irrevocably grants,conveys and sells to Trustee,in trust for the
<br /> benefit of Ixnder,as additional security all the right,title and interest in and to any and aU ex�sting or future leascs,
<br /> subleases, and any ot�er writtcn or vcrbal agreements for the use and occupanry of any portion of the Property,
<br /> including any extensions,renewals.modifications or substitutions of such agreements(all refened to as"Leases")and
<br /> rents, issues and pr�fi�s(all referred to as "Rents"). Grantor will promptly provide I,ender with true end conect
<br /> copics of all�:xisting and future Leases.Grantor may collect,receivc,enjoy and use thc Rents so long as Grantur is not
<br /> in default under thc tcrms of this Sccurity Instrument.
<br /> Grantor acknowledg�s that this assignment is perfected upon thc recording of this Decd of Trust and that L.ender is
<br /> entitled to notify any of Grantor's tcnants to make payment of Rents due or to bccome duc to Lender.However,
<br /> Lender agrces that only on default will L,endcr notify Grantor and Grantor's tenants and makc demand that all future
<br /> Rents be paid direct ly to Lender. On receiving notice of default, Grantor will endorse and deliver to Lc:ader any
<br /> payment of Rents in Grantor's possession and will rcccive any Rents in trust for Lender and will not commingle thc
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<br /> warrants that no defauk exists under tlie Leases or any applicablc landlord/tenant law.Grantor also agrces to maintain
<br /> and require any tenant lo comply with the terms of the Leases and applicable law.
<br /> 13. LEASFHOLDS;CONDOMINIUMS;PLANNED UMT DEVELOPMENTS.Grantor agrces to comply with thc
<br /> provisions of any lease if this Security Instrument is un a leasehold.If thc Properry includes a unit in a condominium
<br />- or a planned unit development, Grantor will perform all of Grantor's duties undcr the covenants,by-laws,or
<br />° regulations of the condominium or planned unit development.
<br /> 14. DEFAULT.Grantor will be in default if any party obligated nn thc Secured Debt fails to make payment when due.
<br /> Grantor will be in detault if a breach occurs under the tcrms of this Security Instrument or any other document
<br /> (page 2 of 4)
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