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202100398
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1/15/2021 11:43:56 AM
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1/15/2021 11:43:56 AM
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DEEDS
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202100398
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2,02100398 <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 />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 />Deed Of Trust Closed End -NE <br />© 2020 Wolters Kluwer Financial Services, Inc. <br />All rights reserved. <br />09/2020 <br />20.3.0.3249-J20201008Y Page 3 of 8 <br />
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