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Z�15���57 <br /> B. A�� future advances from Ben�fz�iar� to Trustar ar o�her future ob�i�ations of Trustor t� Beneficxary under any <br /> pro�ssory n�t�, �ontract, guarant�, ar other �vide�.ce af debt executed by Tru�tar in fav�r af Benef�c�ary execu�ed <br /> af�er th�� Securi��r �nstrument v�h�ther ar n�t this Securi�� �nstrurnenti is sp�cifica��y referenced. If mare than �ne <br /> person si�ns th�s S�cur�ty�ns�rument, eac�.Trustar�grees that this Securi�y�nstrument v�ili secure a��fu�ur�advances <br /> and fu�ur� obiigat�ans that are g�ven to or �ncurred b� any on� or m�re Trustor, ar any one �r more Trus�or and <br /> ot.h.�rs. All fixture advanc�� and at�er fu�ure obligati�n� are secured by �his Se�ur�ty �ns�rument even thaugh all �r <br /> part may n�t y�t be advanced. A�� future advan��s and ather fu�ur�abl�gat�ans are secured as �f made an the dat� of <br /> this Securi�y Instrumen�. �Tothrng �n this S�curity Instrument shall consti�ut� a comrni.tment t� make additional or <br /> future��ans ar advances zn an�amount. Any such cammitm�nt must be agreed to�n a separa�e vvr���ng. <br /> �. All ob�igation�Trus�flr�tives��Ben�fzc�ary:which may later aris�, to th�ex�ent not prahibited by lav�T, �nc�ud�ng, but <br /> nflt lim�ted to, ��ab���t�es far overdrafts relating to ar� dep�s��account agre�men�b���reen Trustor and B�n�f�c�ary, <br /> D. A�1 additional sum� ad�ranced at�.d ex enses in�urre�b Benefici far �nsurin r�servin or ��herwise rotectxn <br /> a <br /> �he Pra er� and its valu� and an o�h�r sums advanced and�x en es xn�urr��b Ben�fi�i � under�he tex ms af th� <br /> Securit p�ns�rument. � p � � <br /> Y <br /> Thzs Secur�iy �nstrum�nt �i�� no� secure any other deb� �f Sen�fi�iary fa�ls �o g��ve any re�u�red n�t��e �f the right of <br /> resciss�an. <br /> 5, PAYMENTS. Trustar agrees that all payrnent� under the S��ur�d T3�bt wil� �e pa�d vvhen du� a_n.d in accordance wzth the <br /> tern�.s of�e Secured Debt and�his 5ecur�ty Ynstrumen�. <br /> 6. 'WARRA�TY D� TITLE. Trustor warrants that Trust�r is or ���� be lawfully se�zed �f the es�a�e con��yed Uy this <br /> Se�uri�y Znstrun�.ent and ha�the r�ght��irrevo�ably gran�, c�n�re�, and sel�the Proper�y to Truste�, in trus�, w�th p�wer of <br /> sa�e. Trust�r a�so warrants t.hat th�Proper�y�s unen�umbered, except for�ncumbran��s of r�cflrd. <br /> 7. PRI�R �ECURITY II�TERESTS. �'L�U'i�h regar� �o any other m�r�gag�, deed of trust, s�curity agre�rnent �r ❑ther izen <br /> docurnen��at created a priar securi�y interes�or encurnbrance on the Praper�y, Trust�r agrees: <br /> A. To ma��a],�payments�vhen due and�o perf�rm or�ampl�w�t�.aIl c�v�nants. <br /> B, To promp tl�de�zver�a Ben�f��iary any notices�hat Trustor rec��ves fram the hoXder. <br /> C. Not ta a-11ow an modificat�on or extension �f n�r to re uest an fu�ure advances und�r <br /> Y s q y any note ar agreern�ent <br /> seGured by the l�en�.ocurn�nt�ithou�Benef�c�ary's�ri�r wr�tten consent. <br /> S. �LAIMS AGAINST TITL�. Trustar �ri11 pay all taxes, assessments, ��ens, en�u�x�.brances, �ease payrnents, ground r�nts, <br /> uti��t�es, and o�her �harges re�ating to the Property wher� du�. Ben�f�ciary may require Trustor to pravide �� Beneficiary <br /> �opies of aii notic�s that suGh am�unts are due and the rec�zp�s evidencing Trustar's payment. Trus�or wi�� �efend ti�Ie �� <br /> th� Proper�y aga�ns� any c�aims that would znzpair �he lzen of this S�curity Instruxnent. Tru�tor agrees �o assign to <br /> Benefic�ar�, as requested by B�neficiary, any rights, �la�rns or defen�es Trus�or may ha�e again�t par��es who supply �abQr <br /> ar mater�a�s�o ma�n�ain or Yrnpro�e�he Pr�per�y. <br /> 9. DiTE �N SALE (�R�N�UMBRANCE. Beneficiary may, a� its opti�n, declare�he �n�ir��a�ance of the Secur�d Debt to <br /> be irnmedza��ly due and pa�rab�e�pon�he creat�on of, transfer ar sa�e of ai� or an�part of�he Proper�y, Th�s r�gh�is subjec� <br /> to �h� restr�ct�ons impos�d by federal law ��.� C.F.�. 591�, as applicabl�. Th�s co�enant sha�� run �i�h �he Proper�y and <br /> shall r�main in�ffec�unt�X th�Se�ured Deht�s paid in fuli and this Securi�y�nstrument is released. <br /> 1�. PR�PERTY C�NDITI��, ALTERATI�NS AND IN�PECTI��. Trus�or w�ll keep the Property�n g��d condit�on and <br /> make all repairs that are reasanab�y necessary. Trus�ar sh�.��n�t cornm�t ar a�lo�v any waste, impa�rment, or deter�oration�f <br /> the Proper�y, Trustor wi�I keep the Praper�y fre� of �.ax��us weed� and grasses, Tru�tox agrees that the natur� of the <br /> occupan�y and use �iII nat subs�antially change �ithout Ben�f�czary's prior wri��en consen�, Trustar wi�� not pern�i� ar�y <br /> chan e in an �i��nse, res�r�ct��re co��nan� �r eas�rnent w��.a.out Benef�ci 's r�or written cansent. Trustar w��� nati <br /> Benefici af ax�dernands r e ' � p � <br /> ar� y p flc� d�ngs, c�a�ms, and act�an�agaxns�Trustor, and�f any las� or damage��the Property. <br /> B�nefic�ary ar Benef�c�ary's ag�n�s may, at Benef���ar�'s option, �nt�r�he Pr�per�y a� any r�asanab�e time for the purpose <br /> of inspectxng the Proper�y, Benefi�iary shal� g�v� Trustor notice at the tirne of �r b�for� an in�pect�an spec�fy�ng a <br /> reasonab�e purpase for�he lnspect�on. Any �nspe�tion of th�Prapert� sha�l be ent�rel�ftir Beneficiary s b�n�f�t and Trustor <br /> will in na way re�y an Beneficlary's�nspe����n. <br /> 11. AUTH�RIT� T4 P�RF�RM. �f Trustar fails to perform an� duty �r any of�h� covenan�s containe� in th�s S�curi�y <br /> Ynstrurnen�, Beneficiary may, w��hou� na�ice, perform �r cause them �� be performed, Trustar appoints Bene��iary as <br /> a��orney �n fact �o s�gn Trustar's nam� or pay any amaunt necessaxy fpr perf�rmance. Ben�f���ary's r�ght �o p�rfflrm for <br /> Trustor sha11 n�t create an ob��gation tfl perfarm, and Beneficiary s fa�lure to perform w�ll nat pr��lud� Benef�Giary from <br /> exercising any of Bene�ciary s other rights under the 1aw �r�his Security rnstrumen�. �f any canstruction on�he Prop�r�y is <br /> discnntinued or no� carried �n in a r�asanabl� manner, Beneficiar�r ma� take ali steps n�cessary ta pra�ec� B�ne�c�ary's <br /> security interes��n the Propert�, including cnrnple�ion of th�cons�ructran. <br /> 12. ASSIGNMENT �F LEA.S�S AND REN�TS. Tru�tor irr�vo�ably ass�gns, gran�s and conv�ys, �o Tru�t��, �n trust for�he <br /> b�nefit of Benef�c�ary as ad�itiona� security a�l �he r�ght, t�tie and interest �n the fo��owing �a�� r�ferred ta as Proper�y}: <br /> exi��ing or fu�ure �eases, subleases, �xcenses, guarant�es and any ��her writ�en �r verbal agr��rn�nts for the use an�i <br /> occuparicy of�he Praper�y, rnc�uding any extenszons, renewal,s, madifica�xans or repla��ments �al� r�f�rr�d t� as L�as�s}; <br /> and rents, �ssues and pro�ts �aII referred tQ as R.�n�s}. �n �he e�rent any �t�m�is�ed as Leases or R�nts is �e�ermined to b� <br /> persona��roper�y, this Assignmen�vv�Il a�so b�regarded as a securi�y agreemen�. Trustor will pr�mpt�y pr�vide Benef�c�ar� <br /> w�th capYes of the Leases and wi�� cer�ify�hes�L�a�es are�rue and carrect c�pies. The exist�ng Leas�s tiv��i be provided on <br /> execu��on of the AssigxLmen�, and al.� future Leases and any o�her�nfarrnat�an with resp�ct to the�e Leases will be pr�vided <br /> �m�mediate�y after they are exe�u�ed, Trust�r nzay c�l��c�, r�cei�e, enjoy and use �he Rents so long as Trustor is not xn <br /> defaul�. <br /> I�pon defau�t, Trus�or �ill rece��re any Rents in trust far Bene�c�ary and will nat com�mingle �h� R�n�s wi�h any other <br /> fund�. Trustor agrees that th�s 5e�urity �nstrurnent is imrned�ately�ffect�ve�et�v�en Trus��r and Benef�c�ary and effec�ive as <br /> to third parties�n the�ecarding�f th��Assignmen�. As long as ��is Assignmen�is Yn eff�ct, Trus�or warrants and represen�s <br /> that no de�aul�exists under the Leas�s, and �h�par�i�s subjec��o the Leases hav�nflt v�olated any appii�ab�e�aw on Ieases, <br /> Iicenses and Iand�ord�and tenan�s. <br /> 13. LEASEH�LDS; C�ND�NIIN�IUMS; PLA�NED U�IT DEV��[]PMENTS. Trus�or agr��s to camp�y with th� <br /> provxsxons of any l�ase if this Securi�y �nstrument is an a l�as�ho�d. Zf the Property inc�udes a unit in a condomi�ium�r a <br /> p�ann�d unit deve�opment, Trustar w111 perform all of Trustor's duties under the covenants, by-1aws, or r�gulations of the <br /> �andominium or pia�u�ed unit develflpm�nt. <br /> �°�'`�°'�, (page 2 a�4i <br /> � 1994 Wolters Kiuwer�inancial Ser�i�es-Bankers 5ysierns�'� �orrr-E RE-E3T-N� 1211512C�D6 � � <br /> VMP�-C'165�NE}(v��s} <br />