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<br /> t;. All fuwrc advanccti frum Lcndcr to Grantc�r ur othcr futurc obligatiun�uf(irantur tc, ItiD�CC UI��L'r any prumissory , ..,
<br /> notc.contract,guarnnty.or othcr cvidcncc of Jebt cxccutcd hy(;rmtur in Cu�vi c�(LcnJcr cxccutcd a(t�r this : r��Y: ,
<br /> � Sccurity Instrumcnt whcthcr ur nut this Sccuriry Instrumcnt is spcci(ically rofcrenccd. If more Uian onc person
<br /> ' t signs this Sccu�it;�Instrumcnt,cach Grantnr agrccs�h�►t this Sccurity Instrumciit will sccurc aU futurc adv<inccs an ..`=y �
<br /> .� futurc ubligetiuns that arc givcn tc���r incurrcd by any ano ur murc Gr��ntor.or .uiy unc or murc Grantor anc� '�,-� : .
<br /> othcn.All futurc advanccs and othcr futurc��bligutions are sccurcd hy this Scc�irily In�trumcnt cvcn thuugh all or 1 ,�;rlc��,=•
<br /> part may no� yct hc xdvanccd. All [utun advanccs and uther futurc c�hligations are sccurcd��s if madc c>n thc dutc • �-o.;;�;�;;
<br /> � of thiti Sccurity Instrumcnt.Nothing in this Sccurity Instrument,liall cun�litut��ccmimitmcnt i��makr addiiiunal� �,:�Y��fi,
<br /> ,.••«�+""�`'� or futurc loans ur adv.inccs in.+ny amount.Any such cnrrtmitmcnt must hc:agrced tu in a scpuratc writing. �r.� _�v_
<br /> �•�-" '"�' C'. All ohiigutions Gruntor owes to L�nder,whieh may I.+tcr urisc,to thc cxtcnt nol prol�ibiicd by litw,including,hu�Q _�
<br /> ! not limited to,liabilitics for overdrafts relating to any d�pusit account agrccmcnt betwecn G rantor.+nd Lcndcr. �Q
<br /> � D. All additional sums advanccd nnd cxpcnscs incurrcd by Lcndcr for insuring, presecving or cuhcrwisc protectingp �--
<br /> t thc Properry and its valuc and any othcr sums �dvanccd and cxpcnses incurrcd by Lcndcr undcr thc terms of W
<br /> this Security Instrument. ` -
<br /> This Security Instrument will not secure any other debt if Lender fails to givc any required notice of thc right of rescis�ion.
<br /> 5. PAYMENI'S. Grantnr agrees that all payments under the Secured Uebt will be paid whcn due and in accordance
<br /> y �vith thc terms of the Secured Debt 1nd this Sccurity Instrument. __
<br /> �" 6, WAltRA.NTY OF TITLE. Grantor wanants thut Grantor is or will be lawfully scircd ot thc cstatc convcycd by this =_
<br /> Sccurit�' Instrumcnt nnd has thc right to irrcvocahly grant, convcy,and sc:ll thc Property to Trustce,in trust,with _
<br /> ° power nf salc.Grantor also warrants th�t the Property is uncncumbcred,cxcept for encumbrances af record. L
<br /> � 7. PRIOR SECURfCY INTERF.STS.With rcgard to any other mortgagc,dccd of trus�,security agrccment or other licn _ _
<br /> �� document that created a prior securiry interest or encumbrancc on the Property,G rantor xgrees:
<br /> A. To make all paymcnts when duc and to perfiirrn or comply with all covenunts. _
<br /> r�. B. To promptly delivcr to Lcnder any notices that Grantor rcccivcs from the holder.
<br /> C Not to allow any modific�+tion or extensic�n of, nor to request any tuture advances under any note or agreemcnt —
<br /> •� secured by the licn document without Lender's prior written consent. Y
<br /> 8, CLAIMS AGAINST TITLE.Gramor will pay all taxcs,assessments, liens,encumbrances.lease payments, ground
<br /> '' rcnts,utilities,and othcr chargcs rclating to thc Prop�ny whcn due.Lcndcr may require Grantor to providc to Lendcr �.
<br /> �• cc�pics of�ll noticcs that such amounts arc duc and thc rcceipts evidcncing Grantor's paymcnt.Grantor will defcnd �,
<br /> ;l titic to thc Properry against any ciaims that w��uld impni� tlf�licn of this Sccurit�In�tr��mrnt.Grantor agrces to assign _
<br /> -_.;.�,. � to Lcnder,as rcyuested by Lender,eny rights,daims or dctenscs Grantor may have against parties who supply labor
<br /> � � c�r matcrials to maintain ur inip�vy�ihc PraperlJ.
<br /> ��. 9. DUE ON SALE OR ENCUMBRANCE.Lcndcr may,ut its uption,declarc thc cntirc balance of'thc Secured Debt to
<br />_ �; be immediately due and pay�ble upon the creaticm ot,or ecmtract for the creation of, any lien,encumbranee,transfcr
<br /> or salc of thr Property.This right is suhject to the restrictio��s imposed by fedcral law(!2 C.F.R.591),as applicable.
<br /> This covcnant shall run with thc Property �ind shall rcmuin in cttect until thc Sccur.:d Dcbt is paid in full and this �-`.�—
<br /> 5ecurity Instrumcnt is rcicascd• ,��o�
<br /> 10. P�tOPERTY CONDITION,AfL1'GRATIONS A►ND INSPECTION. Grantor will kccp thc Property in b
<br /> � condition and makc all rcpuirs that arc masonably neccssary.Grantor shaU not commit or allow any wastc,
<br />; impairmcnt, or detcrioraticm of thc Property. Grxmor will kccp thc Proparty trcc o(noxious�vccds and grasscs.
<br /> Grantor agrces that thc nature of the occupancy and use will not suhstantially ch�inge�vithout L,ender's prior w�rittcn
<br /> conscnt. Grantnr will not permit any change in any license, restrictivc covenant or casemcnt without L.cnder's prior
<br /> writtcn conscnt.C;rantor will notify I_cndcr o[all dem�►nds,proccedings,claims, and actions agxinst Grantor,and of
<br />- � ' any loss or damagc tc�the Property.
<br /> I_cndcr or Lrndcr's agcnts may. at Lcndcr's optic�n,cntcr thc I'roperry at any rcasonablc timc for thc purpose of
<br /> intipecting thc ProEsert}�. I.cnder shall givc Grantor noticc at the timc of or beforc an inspection specifying si
<br /> rcasonablc purpose for thc inspection./\ny iiispcction of thc Property shall hc entirely (or Lendcr's benefit and
<br /> = Grantur�viU in no way rcly�m LcnJcr'�inspertion. _
<br /> �'� Y1. AUTHORITY 1'O PCRFORM1'I.If (irantor f.�ils tu perform xny Jury ��r �my of tlm covcnants containcd in this _.
<br /> Sccurity Instrumcnt, l.cnder m�+y,withi�ut notice.�crform or causc them to hc perfc�rmed.Grantor appoints L,ender _
<br /> �' as attorncy in fact to sign Grantor's namc or pay any amount ncccssary for pertorniancc.I.cndcr's right to perform for
<br />� . L Cirantc�r shall nut crcatc an obligation to perfurmw`��ihiti Sccuritf�Imt umcnt rif�nycon truc ion'on th Prc�pertym
<br /> excrcising any uC Lend�r's othcr rights undcr the la Y
<br /> �• � discuntinuccl or nut carricd un in a rc��sonahlc manncr. Lrndcr may takc all �lcps ncccssary to protcct Lendcr's _ _
<br /> : � sccurity intcrest in thc Prc�perry.including camplction u(thr construction. --
<br /> � 12. ASSIGNMENT O�I.I�.�+SES AND R�NTS.C7r:intor irrcvocahly grants,cunvcysandsclls ro'I'rustcc,in trust for thc -_
<br /> hencfit uf Lendcr,as additiona�l �ccurity�+11 thc ri�;ht.titic .�nd intcrest in and to any and all�xisting ur futurc Ic��ses, __
<br /> ' siihlcascs, and:iny othcr writtcn ur vcrhal agrccrncnts fcir thr usc und occupancy of any portic�n of thc Property, _._; R_
<br /> . including any cxtcnsiuns,rcncwals.mudification�or suhtititutions of such.igrecmcnts(all rrfcrrcd tu ais"L�=ascs")and �_�_.�__
<br /> rcnts, ixsurs an�i profits (all r�fcrrcd to .�s "Rents"). rrantor ���ill promptly�rovieic I.cndcr witli truc and corrcct �T
<br /> ropicx uf all cxisting.+nd {'uturc I.casvs.C;rantor m�+y collcct,rccci�-r.cnjoy and u�c thr Rcnts so long as Grantor is nut .';5;•.,_
<br /> in dcfault undcr thr trrm�uf thiti Sccurity Instrumcn�.
<br /> (;rantur acknowlcdgcs that thiti .�tisi�;nmcnt is prrfcc�cd upun thr rccc�rding ol this I)ccd of'I'ru�t and that Ixndcr is .
<br /> cntiticd �u nutify an)'uf (ir,mtc,r's tcnants to makc p.iymrnt c�f R�nts due or tn l��am�c duc to Lcndcr. Ho�vcvcr.
<br /> Lcndcr agrcc�that unl}� cm dct'auh will LcnJcr nut il��(ir;mtur and(iraintor's tc�iantti and makc dcmand that all futttrc
<br /> ltrnts bc paiJ clirectly to Lcn�lcc On rrrciving noticr��f dcfuult. (irantur a-�,II cndursu ancl dclivcr tu l.cndcr anp „
<br />_ raymrnt nI' Rcntti in (irantur's rustics�iun ancl wil I rrrri��r any Rcnts in trttst fur Lcndcr and ���ill not comminglc Uir
<br /> _ _ .. .. .... �. ............,,.,�.�.•..u..,•,.,,1�.•ill hr :innlird :i� nruviJc�in this 5ccuritv Instrumcnt. Cirantc�r
<br /> . . . � Kcnls wnn :ury �iuic� iui�u,. .,�., ��........ ..._....--•-- .- , . . • -�.� ._-_-...
<br /> ��•arrants that nu Jrlaull rxi�t,undcr th� Lca�c�ur:��„�.�nri��,�ni�ian�llurd/tcnarn lav�.Granl��r als�i agrccs lo maimain
<br /> I an�i rcyuirr an)� tcn�+nt lu rum��l��a•itti ihc tcrms��C thc Lcascs and;ipplic.�hlc law.
<br /> y 13. L4:AtiE:NOLDti;CONUOM1IINIUMS: PLANNEID UNl7'UH:VEI.OE'MI�.N'I'S.C�rant��r agrccs tu romply�vith t{u
<br /> , �u�,�i�i�ms c�f,m}•Ir;ur if this Srcurit�•liistrumcnt iti�m,i Irasnc�,l�l. If thc PruF�rrty inclu�lc�a unit in u runduminium
<br /> u� .� {�IannrJ unit �lcvclupmrnl. (ir;uriur�eill ���rlurm all �,1 t�ran�ur', dutir. t�nJrr thc ci�vrnantti, hy-I�nv,. ��r
<br /> rc�ulalinn�ul lhr r��ndimtiniunt or F�lanncd unil Jcvrli�pntcnl.
<br /> 14. UI{I�AUI:I'.(�rint�,r�vill hc i�i Jrl.�ult if:+ny p.trt}•uhli�;atrd cm thr�rcurcd I)cht fails tu nr.�kc ��:+ymcnt whrn dur.
<br /> (�rintrn��t•ill I,c in �Irl.iult il a I,rrach cxcurs undcr thr trrms uf this tircurit}•I►isirumcnt ur anp ��thrr durum�nt
<br /> 6o�yo 2 or a)
<br /> { CJ�I�d�7.mkN4 Sy51fm5.h�C 5i CIOUQ.Alrl 1�600 J47?:fnl�I urm NE�DT NI t462f —'-- --
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