|
:..-:orc c_r._ za L- �. . r�-.-.. .
<br /> ��.. �� . t� tt .NS ' �-t . Y�' '�yj�'�'i.�.. ••���,. J t />}�` `Y4'' . .
<br /> a i�,.'�s�'°. �„��4!�'.w���r� ii.c:-Le.t��-.;'c^a' , :a-�2�r E"�� � xt � r `�'r`: r:° _
<br /> � � k 7
<br /> p ��s'����-c _�Y:. 5 ����,�2 t ��C �..��,�r�� y`i� '�- i, ,.� ,.�--•'•� ` �. -
<br /> � ^�x� < . �r r.t.- u-y„-_ ',x'i.
<br /> Ll�.��'.::":',i' .,e`�'..__�_��., c.e�- ".�.�:_ .. 'a�.s�F r�"-_ .?-_ �.w___ . -
<br /> -�-.��,. r� . i.-��^"__--:�-�----� . ' .}:. ,. �-.
<br /> ��.�c,.m. . `y � . i t- .. .. �-sr.�-i^er- ?'-+S�'+C r ��.—�•J{�-,s� �yj��'�. '� � , 4�`..
<br /> r ,� . _ . -�.�*. . c - rl �dc'c� � .S "�-'� 'Y� . ii . r�t
<br /> F-.:-�. c t : 1G (y� ' � _.�' - � (c d`r - e E b._ i .a �..�..��-� . i 1 '�c ' �F'- -tc'?d) �c'Y .
<br /> � k-c� r�. t`� 6. [ t a Z Y } .. GZ,�._cF,�t -A"�- -e iF ° _'.� i , r - �-_ r� r 'a �4 � S Ti t a f r� ,
<br /> -�� `rf ��'a'�� 5+�i,f,���'P �, F<'. �� r .2`} � .� s r'S�1 L,...� a,."Y'w�n.� k,�- � ioo,� _ .f-.__...`/' ,c � "� �f F -k;� �*;1'.' -f. �c 4��� ' L �i.- t . ;�,..
<br /> - aT`^� .l. - . . ,i . % L .��1 .ca. ah� :4_ - t '-..� C` _
<br /> �._�_ iE.��r '4-��_- ,�C �s. . .:'�s. -� .r- . .x.. ._� ..ic.o-: .,..,. e .�°�;c. t . K +' -.:c..� f�';�'i_'+'""_,.",.``�-"_ .E._�.:
<br /> �- ..i_ K°._..
<br /> i�
<br /> k . :_y- 4'ft. . .
<br /> ,.. � S�^. . t
<br /> _ -Z:�i'�.0•T.�':. .
<br /> � �.:;..}_ .:��. 9�� :.
<br /> : � �, .
<br /> � �.+z� � ��� ��
<br /> .`X^- Z";=i� '
<br /> 'y�.u'.'",S•�i:
<br /> � .�
<br /> ^�.Q::�: �'
<br /> � � :M � .; �. AII future advanoes ftom I,ender wGzantoror other fat�ue ob2igations of Greator w Lend�r under anY P�Y
<br /> : <<S::::�� .,� .�: note,contract��Buardnry.or ather evldenoe of debt exeeuted by G:aaior in favor of Leader exeaued efter this
<br /> ti�� � . Seauity Iastn�ment wi�eiher ar uot W�s Secxuity�nst�ument is spedfcaIly cefeiens�eed.�f more tdaa ane person ��
<br /> ��_`: �`{:�,�`• signs tT�s 5ec�tity Instruinent,ead�(iraator agrees that this Seauity Im�umeQt�1 secure a0 fieutre advanaes and
<br /> Instru n
<br /> _ •:,�-t,�� fatare obts�ationg tt�t ane given ta or iaaured�y any one or more Grantor.or any oae or more Graatar aad ��,•
<br /> � � , • othe�s.AII flttttre advances.and other fi�tnre ob�igatio�s are sewred by this Secutity Insmmneai even thougb all or•.
<br /> part m�y not yei be advanced.All fanue advances and other futare obligations ar�secure�as if made on tLe date °
<br /> � ""'" " � - of shis Seauit3�i�at.Nothing ia tfis Seattity la�ment sha1!ooms�te a aommst�t to makt addinonal '
<br /> _�_��...s.,' or ftfiue loaas or advapces ia.any amQUnt.Any�uh�nent must be agreed to in a separate writing. ��
<br /> ��<��`: C. All obliga�ons GTautor owes to Leader,which�ay lar�er arise.to the extent aot prolu'bited by law,inclading,but `-`
<br /> ' -:��`. . an
<br /> `'�`C'. �.:b
<br /> <•�% IIoi limited.to,tiab�ities for averdw8s rela�ag W suy depasit aeconnt ag�eement between Grantor and Lender.
<br />-er�:>�'`� ".-Y��`<'Y''-�<< D IlD addiflonat sums advaaoed ead esp�ases mcnrred by Lender far msar�g.pr�ervmg or oiherwise p�ot�tiag �.
<br /> ' .';<'
<br /> , :�:;:":',` ;.;,.;'.. � the ProFertY aaQ its val�te and aay other sums advanced and expenses i�aured by I.ender uader We terms of �'-
<br /> r�s Y
<br /> � rr . �� �Qo.arwl�.� . -
<br />-'�.`. .w C:.t'�c_ ` �1NrY�M� •..
<br />' `.�-- � .: ,l,,�;u. , � '11tisSe�rItg Instrumeat�uot�rte azryotherde6t if Lender fa�?sto 8��Y�1�notioe of the right Mt�on.
<br /> :. `.:;y.�: S. PAYNIEPPIB.firantos agees that a}I payments�mder the Sec�ued Debt w�l be paid whea due and in aeaoidance �
<br /> ,..;�. � ``�,,: with the termsof the 5'eca�red Debt aad t6isSec�itq Iasmnnen�
<br /> y_ �-�-:: �.:..
<br /> '� � � ' 6. WA�OF Ti�LE.Crrant�r waaants that.C3ranWs is or wID be lawfir.tig seized oi We estate comTeped by this ='
<br /> � IT
<br /> . : .�-a�_ �.
<br /> -�;;.i;^...=�`;;,:e;': SeQUitY Ins�r�ent aad has the dght to imevocably gcaa�wnvey.aad se11 the Property to Tncstee.in m�st�witt► _
<br /> :`�.ti �.,: .::.` - puwer of sate.(3rautor also war�a�ats that the Praperty is unencmnbered,eacept far eacambrances of reoozd a_
<br /> x �f� 7. PIISIUR SEC�JRYI'Y fli�TI7tR�4i5�.With regard to any oiher mortgage.deed of trust,se�auity agreement or other C.t�
<br />-=i�;;'.��_::":�:$< da�mea�tbai cteate�a priar seauity iaterest or encumbraace on the Property,Crantor agees: ' �`_'
<br /> �_-_��
<br /> � . �; ' ' A To maT�ga9l�aymeats w�en due and w pe�arm Picomplq�ith aIt wveaants. ' : —
<br /> �r' �' B. Top�nmp�tly�detiver to I.ender�ay notiaes that Cirantor receives from tbe hokter. —.
<br /> . -F 1.� •-i� . . .
<br /> ,(<,'t•:_ ,,� �,. G Not taaltow any mod'ificatioa or exteusion o�uor to r�st soy fuqae advauces uader a�r cot�e or agreeYaent
<br /> ,��,�.. ...�.." se�aued by thse liea ducatment without I�ender's priar wuntters oonsea� �
<br /> �<r...�.., . .
<br />- ` ��,'��: ,�. � C�,A1N�A4�AitVSP�I.E.C�antqi w�l pay all taxe$,assessmeats.tier�.eacumbrances,tease paysnenss,grq�md ,
<br /> �.i.:;+a�,:���• �
<br /> . . '� , . rents,ut�t�s.audutlier dear�s relatiagto the Praperty ahei�due.Lender may require Giantor to providew Leader
<br /> :-°:.,'`••- ' �•. . coples of ai!notices that sur�amnuats are due aad the mceipts evidenci»g<irantor's payment[iranntor w�l_defend �
<br /> :, �"��: tha ra
<br /> '"�:"�"`=�'�� titie to tite •a ' azry daims t�t waUW igtpair the�ten�ihis Secucity Ins�umedt Gtantar agr+ees to assige
<br /> � . ,. ProPeriY g�mst �
<br /> `�; . _ to I.eud�rt as reguested by Les�der.aay�ig6is.elaims or:defeases Granwr may @ave against parties wha supply'tabos
<br /> :�,;�;•-:'��',°;" � . or�ateriaLs w maintaun or impr+ove ttee P�roperty. . , .
<br /> :Yr;.; . ' 9. DUE ON SAL4��t.�SICUNID2tANCELendermay.atits,optian,deciat��the eAtirebataace of theSecurec�Debt�t6 ,
<br /> .,y.,.:.... . .
<br /> �.. .F�.,� .
<br /> - :'µ.,�. , . tse immediaYety cit�aztd payable npon the•creation of�or eontracx f�ur the caeat�on qf,atry tien,encu�it�n�,transfer
<br /> I',��•, .:�''�. or sate:Q�the P�rty='tYds r.gl�i€s sut�j�to the c��s imyos�ed'bq federa!Tav�r(12 C.F.R.,59�j„as applicable.
<br /> -��;;.�-....,.___.;_. . � "T'his eov�nant shaA swi with the Praperty and slial!rema�;ar�effed uaW the S�caued Debt�paid iis fa11 and t�is __
<br />- � :.,:,, ._. ..:..
<br /> �y',.,;.. .;. ,� , ,. . . .;.;,
<br /> ,e; ;::.,�;;, , ' • . ,��4f}�.ias�cn�entisreleased. -
<br /> � i� �gtOPE�tTY CONDIITON,Ai,TER1�TlONS A1VD II�T�$ECI'iON.(3iaator aill keep the P�operty ia�gona =
<br /> `���r''=�'-=`� condition aad p4ake aU sepaits that az�reasonably neee�sary.��iraator sbal!not commit or aUow aay waste, � -
<br />��� r�����`f'��`�-�;�r-' : � mtyauxttent,or deteriatat�on ot the Property.Grautoz w�t�keep�the Ymperty ftee of noaiot�weeds and gasses. . � .
<br /> �� � . - (3ranta't agees that the aature of the oa�upancy and nse w�.s�ot sahstantiaIIy ehange withont Lcnder's prios wris�n
<br /> �f � canseQt:;�Graator w�71 not pennit any d�aag�e in any licens�,:seslricdn�e oavenaut or easement without Lendes's pr�t}r.
<br /> s t�.:. ,..,r • cvsitien consent Graator w�71 ttntify Lender uf a8 demarids��iroreedings.claims.and actions against G�raanto�arid pt
<br /> �-,�,;� . �aAY I�s ar dauaa�getc��te Property. ' , , , �.
<br /> _ `�""—° Leades ar Leac�er's'�igents may;at T,eitder's�cption,entei the Froperty at aay'neasonable time for the purpose of
<br /> , :1-� � iuspec#+ut the P�rapert`y.'£eader shaU giye Gsantor aat�ce,at the time ot or before an inspectlon spec�fyia�,a
<br /> _ _ _:_,�, reasa ��e�pwpose farir the ins�es#ioa.Any iaspectian af�.�te Property shaq�be ent�reIy for L�ader's benefit a�ad•
<br /> � (i�antamw�t 9n no way rety ctn Leade�s iaspc,etioa. �;��, . `'
<br /> ...��'��. iL AtT1fKORiTY TO PERFORM..It(irantar�faits�to petform any duty or any of tbe cavenants contained in�tf�is �
<br /> _==,;;:�„;�;��;-� Secauity Instrinnent,I.ender may,aIWout rtoiica�.Perform ar cause them to be yerfomseil.Grantos appoints L�ades
<br /> 4..��.x.
<br />..,,�:,,;,,,�.,��� . as attomey in fact ta siga Graawr's nasae or pay any amaunt neressary for pes�oimance.L�nde�s:ight to petPorm for.
<br /> :.:�.�-.,;� , . ti�tar shali not cteate aat ob6tgatioa W perform,.and Leader's faiture w perform w71 aot preeMde Y.ettdec.i5�m
<br />`-,'��._::�� exe�t,sui$any of Lender's urther righLv ander tiie taw or this Seauity�trnmen�If any constinctioa bn the Prope�±�s • .
<br /> ���� `'" _ dissamtinued or not canied on ia a reason��.anaane�Lender,may tak�all steps necessary to p�otect���t"s
<br /> .......,,. �• security iaterest in the PropeRy,inoluding eo�oa oithe cansauctiaaa.. . � �
<br /> ��''�'Y''�'�" u. ItS9IGNMLNr OF LEA3P�AND IdE1�Tt'S.ti�antor irrevarcaD � canv =
<br /> -�.:: ty g�raats, eqs and seBs m Tnistex,in tr�st for the �
<br /> �. �:''�`.�:�`.. . � beneSt oi Leader,as additlonal sec�uiry alt the rig6t,titie a�d interest in and to any and ali extsting os fiuure Ieaas�ees.
<br /> ', �":.:`�:: ;� �. � snbJeases,.aad any other wtltten or verbal agreemeats far the use and accupancq oi any portivn of We.Prope�ty,
<br /> � ��° ; , inctudiug any exteasion9.renearals.madifications or subs�titations oi such a�reemeata(aU referreA to as"I�eases°)�d
<br />_ - ::.` ,�:;: . : rents,issues and profits(al!referred to as"Reats").(3rantor an'11 promptty provide I.eader arlth we and amect _
<br /> . .:''�.,,�� �,�, coples of all extsdag aad future I.eases:tiraa�sraay coltecr,recsive,ea�oy and vse the Rentsso tang as G�rantor is not� _
<br /> , }': : in defaalt uader tho tem�s oY thls Secau�ity Insorumen� • . . � ' . � __
<br />_ . .'�._�;� t3iantor acknowledges tba�.tliis,a�g,bment is petfedett u�n the recarding of tbis Deed oi Tn�st aad t6at LeaBer is
<br /> � , ,�;,� entitled tv aotffy auy�oi tTrantor's tenants w ma$e payment of Rents due os to become due to Lender.However, _
<br /> � � r 3'� � Lender a$ree�that onty on defautt will Lender nadfy Graator and(3rantor's tenants and matce demaad that all future -
<br /> ,_�':;�`�`;�;;;�:F Reats be pald directty W I.eades.Qn:e�eiviag notice oi default,(3tantor wlll endozse end deliver to Lendet a�r _
<br />`,: .�� .:.` "� {i. ' �payment of ReAts in�raat�s�assession and will receive aay Reata ifl wst for Lender and will not commia_$te the =
<br /> _1: ..'1'� �teats aritb any other funds.Any amounts aoltected w�l be applied as pravided in this Secuiity Inswmen�(iraitios . _
<br /> ,:. .;'. '. �:.:::i: � aanants that ao default ex�ts•uader the leases or arry applicsble laadlord/tenant faw.Grantor also a�rees to maiatain
<br /> :;.� � �_. � and reqi�ire�y tenant to camp3y arit6 the terms of We Leases and applicable 1aw. _
<br /> �'�° f.�. t.1�l�SA�OIAS;CONDOMINNMS;IPLAIVNED UAIIT DEVL�11.dPMEN1'S.Crantor a�ees to dsmply wftb t6e
<br /> •. `�= =-�...: ' • provtsloas of aay teas�if tl�s Security In�ttrtent ls on a leasehold.If the Property includes a nnit in a candomininm �
<br /> ' : • . os a planned umt.devetap�enf.tirantor will perform all of�irantor's dnties nnder the covenants.by-tawa,or
<br /> ,'-:.:.",�: . ,.� . regul8t�ons of the aoadominium or ptanned unit developmeaL ' � _
<br />_ ��• � �' L4� bEBAITp.T.arantor will be in defaWt it any party ob3igated on the Secnred Debt fsWs to raake payment whea dµe. • _
<br /> � � ��{�_''� � 4�rantar wlll be in defaWi ii a breacb accura�uader the terms of this Securlty Inswment or any other docament. =
<br /> t � . � _
<br /> � �a$e2a4� :.- __
<br /> : � � . 6,a�+ea�a.sy�m.aa.secm�a�a,a�aa��x�s,�e�amae.o�r,�e ere�se . � -
<br /> y'.. .•, �,
<br />. .1.. �Y�
<br /> , .`- ' ��,'C�,a.`,: ... -.
<br /> ` ' — �. —__ s._ �� __s _r � �� —
<br />
|