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<br /> 10. Property Condition, Alterations and Inspection. Trustor will keep the Property in good
<br /> condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any
<br /> waste, impairment, or deterioration of the Property.Trustor will keep the Property free of noxious
<br /> weeds and grasses.Trustor agrees that the nature of the occupancy and use will not substantially
<br /> change without Beneficiary's prior written consent. Trustor will not permit any change in any license,
<br /> restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify
<br /> Beneficiary of all demands,proceedings, claims,and actions against Trustor,and of any loss or
<br /> damage to the Property.
<br /> Beneficiary or Beneficiary's agents may,at Beneficiary's option, enter the Property at any reasonable
<br /> time for the purpose of inspecting the Property.Beneficiary shall give Trustor notice at the time of or
<br /> before an inspection specifying a reasonable purpose for the inspection.Any inspection of the Property
<br /> shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection.
<br /> 11. Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained
<br /> in this Security Instrument,Beneficiary may,without notice,perform or cause them to be performed.
<br /> Trustor appoints Beneficiary as attorney in fact to sign Trustor's name or pay any amount necessary
<br /> for performance.Beneficiary's right to perform for Trustor shall not create an obligation to perform,
<br /> and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's
<br /> other rights under the law or this Security Instrument to the extent permitted by law.
<br /> 12. Assignment of Leases and Rents. Trustor irrevocably assigns,grants and conveys,to
<br /> Trustee, in trust for the benefit of Beneficiary as additional security all the right,title and interest in
<br /> the following(all included in "Property"): existing or future leases,subleases, licenses,guaranties
<br /> and any other written or verbal agreements for the use and occupancy of the Property,including any
<br /> extensions,renewals,modifications or replacements(all referred to as "Leases"); and rents,issues and
<br /> profits(all referred to as "Rents").In the event any item listed as Leases or Rents is determined to be
<br /> personal property,this assignment will also be regarded as a security agreement. Trustor will promptly
<br /> provide Beneficiary with copies of the Leases and will certify these Leases are true and correct copies.
<br /> The existing Leases will be provided on execution of the assignment,and all future Leases and any
<br /> other information with respect to these Leases will be provided immediately after they are executed.
<br /> Trustor may collect,receive, enjoy and use the Rents so long as Trustor is not in default.
<br /> Upon default,Trustor will receive any Rents in trust for Beneficiary and will not commingle the Rents
<br /> with any other funds.Trustor agrees that this Security Instrument is immediately effective between
<br /> Trustor and Beneficiary and effective as to third parties on the recording of this Security Instrument.
<br /> As long as this Security Instrument is in effect, Trustor warrants and represents that no default exists
<br /> under the Leases,and the parties subject to the Leases have not violated any applicable law on leases,
<br /> licenses and landlords and tenants.
<br /> 13. Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply
<br /> with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes
<br /> a unit in a condominium or a planned unit development,Trustor will perform all of Trustor's duties
<br /> under the covenants,by-laws,or regulations of the condominium or planned unit development.
<br /> 14. Default. Trustor will be in default if any party obligated on the Secured Debt fails to make
<br /> payment when due.Trustor will be in default if a breach occurs under the terms of this Security
<br /> Instrument or any other document executed for the purpose of creating, securing or guarantying the
<br /> Secured Debt.A good faith belief by Beneficiary that Beneficiary at any time is insecure with respect
<br /> to any person or entity obligated on the Secured Debt or that the prospect of any payment or the value
<br /> of the Property is impaired shall also constitute an event of default.
<br /> 15. Remedies on Default. In some instances, federal and state law will require Beneficiary to
<br /> provide Trustor with notice of the right to cure or other notices and may establish time schedules for
<br /> foreclosure actions. Subject to these limitations,if any,Beneficiary may accelerate the Secured Debt
<br /> and foreclose this Security Instrument in a manner provided by law if Trustor is in default.
<br /> At the option of Beneficiary, all or any part of the agreed fees and charges,accrued interest and
<br /> principal shall become immediately due and payable, after giving notice if required by law,upon
<br /> the occurrence of a default or anytime thereafter.In addition, Beneficiary shall be entitled to all the
<br /> remedies provided by law,the terms of the Secured Debt,this Security Instrument and any related
<br /> documents, including without limitation, the power to sell the Property.
<br /> If there is a default,Trustee shall, in addition to any other permitted remedy,at the request of the
<br /> Beneficiary,advertise and sell the Property as a whole or in separate parcels at public auction to the
<br /> highest bidder for cash and convey absolute title free and clear of all right,title and interest of Trustor
<br /> at such time and place as Trustee designates. Trustee shall give notice of sale including the time,terms
<br /> and place of sale and a description of the Property to be sold as required by the applicable law in effect
<br /> at the time of the proposed sale.
<br /> Deed Of Trust Closed End-NE
<br /> Bankers Systems' VMP® 03/2016
<br /> Wolters Kluwer Financial Services 0 2014 2016051716.1.0.3454-N20160318N Page 3 of 6
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