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<br /> , li. All tuturc�:dv�uiccs(rom Lcncfcr tu(;ranti�r nr othcr futurc uhli�!atiuns uf(ir�mt"t tu l.�'ndcr undcr,+ny prc�missory .
<br /> ` �u�irani nr uthcr cvidcncc of dcht cxccutrd hy (irantor in(.wur of l.cndcr cxccutcd aftcr this �
<br /> nutc,ccmtruct.6 ' Y.
<br /> • Sccuriry Instrumcnt whcthcr��r nut this Sccurity Instrumcnt i+sp�cil'ically rcfcroncc�l. If murc than unu persun
<br /> • signs thic Securiry lnstrumcnt,cach Ciram��r a�!rccs that this Sccunty Inhtrumcnt wiU�ccure<<II tuturc advanccs.►nd v '''.�.
<br /> „ `, (uturc ubligations th.�t arc givcn to ur incurrcd hy any unc o►•mc�rc (�r:intor. ur any unc ur morc (ir►ntor�nd — '-
<br /> othcn.All futurc advanccs iuid uthcr futurc��bligntions are sccured by this Sccurity Instrwnc�it cvcn though all or .__-
<br /> ° part mny nu�yrt hc advanccd.All[ulure.tdvanccs and othcr future�,hligatiuns are sccurcd as if madc nn thc dntc �TM°
<br /> ��' of this Sccurity Instrumcnt.Nothing in th:s Sccurity Insn-umcnt sht�U cun,utu►c .i commitmcnt tc�makc aJ�fiti��nal �..-__
<br /> ��{ or futuro lozins or adv�nccs in uny umuunt.My such cummitmcnt must M:agrced tu in a scpuratc writing. �.
<br /> _�= C. All obligations Grantor owcs to I.andcr,which may latcr nrisa to thc cxtcnt nut prohibitcd hy law,including,hut _
<br /> ''.'"'"' " ? not limitcd to,liabilitics for ovcrdraft�rclating to any depu�it account�igrccmcnt hctwccn Grantor��nd L�:ndcr. `
<br /> D. All additional sums�idvanced and cxpcnses incurrcd by l_cndcr fur insuring,prescrving or othenvis�;protcr.ting _.
<br /> �� � thc Property and its vnluc�md any othcr sums advanccd t�nd cxpcnscs incurrcd hy Lcndcr undcr thc tcrms of �,
<br /> this.Sccurity Instrument. ° `
<br /> This Sccurity lnstrumcnt will not securc any other debt if Lcndcr f:�ils to givc anY rcquircd nuticc of thc right of resr,ission. _
<br /> 5. PAYMENTS. Grantor agrees that all payments under the Secured Debt will be �aid when due and in accordance
<br /> ' with the terms of the Secured Dcbt and this Security[nstrumcnt.
<br /> 6. WARRAN'I'Y OF TITLE.Grantor warrants that Grantor is or will bc law(ully sciicd of thc est�tc convcycd by this
<br /> " Securiry Instrument and has the right to irrevocably grant,convey, �►nd sell the Property to Tcustec, in tru.r•t,with
<br /> ��� powcr of s�la C�rantor also warrants that thc Yroperty is uncncumbcrod,cxccpt for cncumbrances ut rccord.
<br /> � � 7. PRIOR SECURITY INTEIiESTS,With rcgard to any othcr mortgagc,dced of tru,t,�ccurity agrccmcnt or othcr licn
<br /> � document that created a prior security interest or encumbrance on the Property,Grantor abrees:
<br /> A. To makc all paymcnts when duc and to perform or comply with nll covcnants. _
<br /> B. To prompdy deliver to Lender any natices that Grxntor reccives fr�m the holdcr.
<br /> �a�.• C. Not to aUow any madification or extension c>[,nar to request any futurc udvanr.es under any note or agreement �-
<br /> securcd by thc lien documcnt without Lendcr's prior writtcn consent.
<br /> 8. CLAIMS AGAINST TI7LE.Grantor will pay all taxes,assessmcnts,liens, encumbranccs,lcase payments,grc�und
<br /> rcnts,utilitics,and othcr chargcs rclating to thc Property when duc.Lc:ndcr may rcyuirc Grantor to providc to Lcndcr
<br /> copics of all notices that such amounts arc duc and the rcccipts evidcncing Grantor's payment.Gr�ntor will cictend
<br /> titic to thc Property against any claims that would impair thc licn of this S�curity Instrumcnt.Grantor xgrecs to assign
<br /> to Lcnder,as rcquested by l.cndcr,any rights,claims or defcnses Grantor may hnvc against parties who supply labor
<br />— — or matcrials to mamtain or�mprovc ihc P�o���rty.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.l.endcr may,at its optiun,declare thc entirc balancc af thc Secured Debt to
<br /> '� bc immcdiatcly duc and payablc upun thc creation ot,or contract foi�thc crcation�f,�ny lien,cncumbrancc,transfcr
<br /> � or salc of thc Property.This ri�ht is subjcct to thc restrictions imposcd by tcdcral law(12 C.F.R.591),as applicable.
<br /> � This covcnant shall run with thc Property and shall rcmain in cffcct unul thc Sc:curcd Y�cbt is paid in full and this
<br /> Sccurity instrumcnt is rcicascd.
<br /> 10. PROPERTY COND11'ION, ALT[:RATIONS AND INSPECTION.Grantor will kecp thc Property in good
<br /> condition und makc all rcpairs that arc rcasonxbly ncccssary. Grantor shall not commit or allow any wastc,
<br /> , impairment, or dctcrioration of thc Property.Grantor will kccp the Property frcc of noxious wccds and grasscs.
<br /> Gramor agrccs thut thc nuturc of thc occupancy��nd usc will not substantially changc without Lcndcr's prior writtcn
<br /> % consent.Grantor�vill not permit<�ny change in any licensc,restrictivc covcnant or easemcnt withuut Le:nder's prior
<br />_ writtcn conscnt.Grantor will notify Lendcr of all dcmands,procccdings.claims, and actions against Grantor,and of
<br /> • any loss or damagc to thc;Property.
<br /> � I.endcr or Lcndcr's agcnts may,at Lendcr's option, cntcr thc Prc�perry at �+ny rcasonablc time for the purposc of
<br /> inspecting the Property. Lender shall give Grantor noticc xt thc time of or before an inspcction specifying a
<br /> � rcasonablc purpose for thc inspcction. Any inspcction of thc Property shall bc entirely for I.cndcr's bcnefit and
<br /> � • Grxntor will in no wtry rely un Lcndcr's inspc:cticm.
<br /> I1. AUTHORITY TO PF.RFORM. If Grantor f.iils tu perform any duty or an)' of thc covenants contain�d in this
<br /> Sccurity Instrument,l.endcr may,withoW noticc,perform or cause them to be�crformed.Grantor uppoints Lender
<br /> as xttorncy in fact to sign Grantor's n�mc or pay any ar_wunt ncccssary for performancc. Lcndcr's right to perfa►•m for
<br /> � � Gr�mtnr shall not crcxtc an obligation to p�rform,and Lcndcr's failurc to perform�vill not precludc Lendcr from
<br /> . . cxcrcising any c�f Lcndcr's othcr rights undcr the l�i�v or this S�cw'ity[nstrumcnt.If:iny construction on thc Property is
<br /> discontinucd or not r+rricd on in �� rcason�iblc manncr, Lendcr may takc nll stcps nccessary to protect Lender's
<br /> sccurity intcrest in thc Property,including complction ot thc construction.
<br /> 12. ASSIGNM11GNT Ok LEASIsS AND ItEN'CS.Grantur irrcvucahly grants.convcys�ind sclls to Trustcc,in trust for thc =
<br /> bcncfit of Lcndcr,as aidditional sccurity�dl thc right, titic and intcrest in�inJ to xny and all cxisting or futurc Icascs. _
<br /> ., „ ; suhlcatics. and any uthcr writtcn c�r vcrhal agrccmcnts fur thc usc and occup.incy uf .iny purtion of thc Property. !
<br /> including any cxtcnsicros.rcnew�ils,mociifia�tiuns or suhstitutions oi such.�grccmcnts(all rcfcrrcd iu,�s"I-r,i�cs").md _
<br /> , rcnts, itisucs and profits (all rcfcrrcd to as "Rcnts"). Gcantor will promptly providc l.rndcr with truc and currect _
<br /> �, � copics of,�U cxistin�:,ind futun Lcascs.(irantor may collect.rcccivc.cnjuy and usc thc 12rnts so long as Grantur is not =
<br /> in dc[.�ult undcr the tcrms��f thiti 5rcurity Instrumcnt. _
<br /> Gramar acknuwlc�gcs thait this atisignmcnt is perfcctcd upcm thc rccc�rding uf this Uccd uf'I'rust and that L.cndcr is _
<br /> rntitlyd to nutify any uf Grantur'�tcnants ta makc paymcnt o( [tcnts duc ur to hcc��mc �uc to I.cndcr. f3o�vevcr.
<br /> Lcn�cr agncx th,ri unly on dcfault will Lcncicr nutify Grantor.ind Grantur'ti�cnant�an�1 makc drm.md that all fttturc
<br /> ' Rcnts h� paid dircctly to Lcndrr. On rccciving noticc uf Scfault.Granlur will cndorsc a+nd dclivcr to Lcndcr any
<br /> paymcnt oF Rcnts in Grantur's po�srssiun aind will rcccivc any Rcn�s in u•ust fur Lcndcr and will nut comminglc thc �
<br /> _._.. . .__. . � . ....u..,.�...1 ..,;II h.• annlir�I:�C rnuvid�d in Iltiti 5ccuriry Instrumcnl. C➢rantor
<br /> _. ..__._ Krnls willt anV n[Itrr tunu�. ��uy aiii.:����i: ..,...,...... ..... .._ ..,.,.... . , _
<br /> warranls that nu dr(ault rxisls undcr tlic I.casrs or any:ipplicablc landlc�rd/tcnant la��.Cir�mt�rr al���aEtrc�:y tu maintaiu
<br /> � :tnd reyuir�anV trnanl tu Cumply with tlic icrm�ut thc Lca�scs and applic'ahl�la�v.
<br /> { t3. [.h.ASh,HO1.1)S: CONDOMINiUMS: 1'I.AIVNEI) UNIT I)F,YF,LOPMI:N7'S. Grantc�r.�grocs t��cumply ��•ith thc
<br /> � pruvisiun,��f any lrasc if this ticcurity In�U•umcnl is cm a Ir.�schul�l.II tl�c Prvperty inrludcs a unit in a con�fummium
<br /> Icir a ��lanncd unit d��•rlu�mtrnt. (iranlor will perf��nn :ill �,f (;rantur's Jutirs undcr thc cu�•cnants, hy-laws, ur
<br /> I rrgulations ul thr runduminium ur��lunnc� unit drvcicipmcnt.
<br /> 14. 1)I�.I�AUL'I'.(�rant�n•���ill hr in�Irlault il un)•{�arty cihli�;atcd�m tlir Srrurrd I)cht tails 1����uikr paymcnt whcn duc.
<br /> I (�rantur���ill hr in drf;udt if ,i hrrarh ur�urs undrr Ihr tcrms uf Ihis tirrurity Imlrumcnt ur nny c�thrr dorumrnt
<br /> (page 2 0!4)
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