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5/17/2016 12:56:39 PM
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12/17/2015 1:54:35 PM
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DEEDS
Inst Number
201508511
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future obligations are secured as if made on the date of this Security Instrument. Nothing in <br />this Security Instrument shall constitute a commitment to make additional or future loans or <br />advances in any amount. Any such commitment must be agreed to in a separate writing. <br />(C) All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited . <br />by law, including, but not limited to, liabilities for overdrafts relating to any deposit account <br />agreement between Trustor and Beneficiary. <br />(D)All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving <br />or otherwise protecting the Property and its value and any other sums advanced and expenses <br />incurred by Beneficiary under the terms of this Security Instrument. <br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice <br />of the right of rescission. <br />This Security Instrument will not secure any other debt if Lender fails, with respect to that other debt, <br />to fulfill any necessary requirements or to conform to any limitations of Regulation Z and X that are <br />required for loans secured by the Property. <br />4. Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in <br />accordance with the terms of the Secured Debt and this Security Instrument. <br />5. Warranty of Title. Trustor warrants that Trustor is or will be lawfully seized of the estate <br />conveyed by this Security Instrument and has the right to irrevocably grant, convey and sell <br />the Property to Trustee, in trust, with power of sale. Trustor also warrants that the Property is <br />unencumbered, except for encumbrances of record. <br />6. Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement <br />or other lien document that created a prior security interest or encumbrance on the Property, Trustor <br />agrees: <br />(A)To make all payments when due and to perform or comply with all covenants. <br />(B) To promptly deliver to Beneficiary any notices that Trustor receives from the holder. <br />(C)Not to allow any modification or extension of, nor to request any future advances under any <br />note or agreement secured by the lien document without Beneficiary's prior written consent. <br />7. Claims Against Title. Trustor will pay all taxes, assessments, liens, encumbrances, lease <br />payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary <br />may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the <br />receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that <br />would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested <br />by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or <br />materials to maintain or improve the Property. <br />8. Due on Sale or Encumbrance. Beneficiary may, at its option, declare the entire balance of the <br />Secured Debt to be immediately due and payable upon the creation of, transfer or sale of all or any part <br />of the Property. This right is subject to the restrictions imposed by federal law, as applicable. <br />9. Warranties and Representations. Trustor has the right and authority to enter into this Security <br />Instrument. The execution and delivery of this Security Instrument will not violate any agreement <br />governing Trustor or to which Trustor is a party. <br />Deed Of Trust Closed End-NE <br />Bankers Systems. VMP® <br />Wolters Kluwer Financial Services ® 2014 <br />09/2015 <br />2015120715.2.3.3310- N20151028N Page 3 of 9 <br />201508511 <br />
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