�,/" . ,
<br /> .� . . ' ;
<br /> n -r.t�; .. - . '� 'j .
<br /> ,...�. . ., �� .. ..
<br /> - . n . .. ., ., _ . _ ,
<br /> . . � ., .� . . ._ .. ._ ...
<br /> . il � � .a�t, , .. , ., .. . . .'
<br /> ' ��"i
<br /> .'. •. _ �'r"-r_.�._=' . . ., . •, .. . • . ,n�,v,..'S:. _
<br /> . -� ,. . . - ' n ' � .. .. .. .._.._'--^--._.i�-------. ..._ _..................
<br /> � ' ,. :.5�....-.._.�".'."_' . ..._...�..... . ..... . ......_.. ....__....._.._.. ....._... ..'�_'_._'.'". .. . .. .
<br /> �
<br /> .� � .
<br /> ._... ................ .... . . . -
<br /> �
<br /> ` � � 99����a�� 'I�. ,.
<br /> . , ,�..,..
<br /> . �: ,:,:
<br /> : ��� ;:�
<br /> ':'� !1. CLAlM�AGAWS'�'TITLE.Trustnr will�ay r.0 tuxes, ru+sessments,lien.w,encumhru�tcrs, lease paymenta,Braun�l rcists. ,�:',,�.,.�.
<br /> udlltie,w. iutd ather chnrIIes relnttnB tn ti►e Pro{n:rny when dut. Beneftciary may require Tn►stor to provide to Beneficlnry ., .
<br /> cupies i�f all�tudces thut sucU nmawita sre due an�the receiptsz eviQeuciag Trustur'N paymeut.Truaror wlll defenA title to ,,;;,,;,,�
<br /> �1��'; dic: PropEtty t►�nin.vt npy claims that would impair t�e lien of this Security Instn►ment. Tcwtar ngrees ta a.�.tiign tu !s,�;:;:.
<br /> detteticisry,ct�re�urateQ by Heuefciury.euy rigi�ts,cl�►Ims ar defenscs Ttustor may have s_�einst padicw wha supply lebut ;,�,..
<br /> j��� ar iuuter�nls to mn�ntaln or lmprove the Pruperty. -
<br /> 9. DUC ON SA4�OR ENCUM�RANCE.Bepeticiary may.at Ita vpQon.declure the entlte balance af the Se�:ured L�ebt ta i;';;;�;
<br /> ����""'� be lnunediutely due and pnyable upon the creadan of�or contract for tt�e creadan of. �u�y Hea,encumbrance, uanshr ur �4;�__
<br /> .°, •'"t`� snle af the Property.Th}s r��bt is sub3ect ta the restricdans impused by federal luw(12 C.F.R. 591),as app]{cabl�.Thia !;;.,.r:.
<br /> . cuvenant sl�nll tun with the Property and shnll remuia in effect undl the Secured Debt is �atd in full tu�d dtls Security .;��:_.-.�-
<br /> �!�' I�utnuuent is relcnsed. �;�.
<br /> ���4') ii i:.
<br /> � � _....___
<br /> ';'4 lp. PROPERTY CONDITION, ALTERATIONS AND INSFECTION. Trustor wlli keep die Pta}s$tty In good eornPdpn �„ -
<br /> " aad mnke nil repaire t]iat are reasonabiy neces�ry. Trusror shaU not cammdt ar �lluw any wsste� impuirra�nt, ur �N.,,,..
<br /> ���� detedoradon oY the Property►. Trustor wlll keep the Property free of naxioiu weeds and grasses. Tcustor agrees that the :.-,
<br /> �,'r'�. nature of die occupancy and use wlll not substuntially chaage without Beneficiary's prior written couseat.Trustor will not ;a;'__
<br /> t°�`' permlt any change iu any license.restricdve wvenant or easement without Beneficlary's prlor wrltten consent.Tcustor will ,,-
<br /> ,�; nodfy B�neficl�uy uf all demauds, proceecDtngs, claims. and acdoa5 agaiast Trasror, anJ of any loss or duma6e to the ..f-
<br /> t�;;; Fxoperty.
<br /> r 4,. t:f�_-
<br /> �,���;�' Beaeficiary ur BeaeBclary's agents may,at Beaeficlary's opdon,enter the Property at any reasonable dme for the�urpuse �G�
<br /> ';�;• of inspecting the Pmperty. Beneficiaryr ahall give Truswr nodce at the time of or befare an inspecdonspecifY3ag a
<br /> reusonable pucpose for the inspecdon. Any luspection of the Property shall be entirely for BeueRelary's benefit cu�d �;:�
<br /> : � Tiuswr wlll in ao vway rely on BeneSciary's inspecdon �----
<br /> ` �,__._.
<br /> `'�'� l�. A[JTKORITY TO PEYtFOltM. If Tcustor fails w perfonn any dury or any of the eavenants cont�in�tl in this Secnrity ���_-
<br /> ' �" Instnunent, BeneSciary may� wlthout notice,gerfom►or esuse them to bBperforraed. Trustor a points Beneficlmyr as
<br /> �rn..,
<br /> . attomey In fact to slgn Ttustor's nauie or pay any amount aec�ssary for geiformance. Heneflciary s dght to perfom� ?�ar
<br /> F,� �o
<br /> .'.'t� Truator shall not create i►a obligadon to erfomn,aud Be�aeBciary's failure w pedorm will not preclude Beneflclacy from
<br /> �� •, = �; exerc�sing aay of Beveficiury's other rtglpta under the law or tbia Security Instrument. If any consteuction on the Property
<br /> r��t�''" ';,{� " is discondnued or uot earrled on in a reasonable manuer.Beneficiary may cake all steps n�essacy to protect BenefYCluy's
<br /> 'i; •.�„ .�,, -
<br /> n �urity Interest in tl�ee Pmpertp.ine1udinB comP3edon of the consuuctiaa
<br /> ���5,' t,�_
<br /> �/ 1 ' �2. ASSIGNMENT OF LEASFS AND REATI'S. 'IYusw� irrevocably gra.nts. conveys and sells to Tmstee� in tc�st for the --
<br /> ,s�:.•,; � � ary� as addidonal securlty all the right.dde and iaterest in asd to any and all existlitg or futur�e lalses.
<br /> ;•�� •��;�,;; beneflt of Beneficl
<br /> r;:��•�,,,
<br /> -• �,.; �:. :� subleases,and any other wrttten or verbal agreements for the use and occngancy of aay rtlon of the Property�includwg
<br /> -�:s;::=:t r,; --
<br /> �.��, nny extensions,rene�vals.modificettons or subs�Ituttoas of such agreements(a11 refe to as"Leases°)and reuts�1s�ues
<br /> ;,'(if;���•� and pmfits (all refErr�d to es "Rents"). Tzustc�r�vlll prompdy pmvide Beneficiury wtth aue und eozrEOt copies of ail s•
<br /> ::��,�ii+� exL�ti�g and future I.e�ses.Tcustor m�ay collect, :eceJve,enjoy and use the Rents so long as Tcustor is not in defatialt uncler
<br /> __,.:"�,,;:`,:ti, the txr.ms of this Seeurity Instrum�nt. �-
<br /> ---_-.,�,,,,�
<br /> --��=�=��« Truswr Acl�owledges Wat this assignment is perfected upoa the recordinII of tbls Deeci o�Tcust nnd that Beneficlary is:
<br /> "'•��=��'��� eadded to norify any af Txustmr's tenanLS w anake payment of Rents due or W becom� due to BeneSciacy. I�aN�+er,
<br />='-�'��''���` Beneficlary agrees that only oa defat:It will Heneficiuy notlfy Tmstor aad Tn�swr's tenants and make demanci 16at all•: -
<br /> -`"`"`'��'� fupue Rents be p»id dixectly W Beneflclary.On receiv3ng nodce of defavlt 'd'aastor wfll endorse and deliver W Beneflcinry•.
<br /> —��-�rrr��`^�z.
<br /> - =._-� any payment of Rents in Ttustor's passes.don and wUt receive any Rents aust for Beneficlazy und wW nut co a� .
<br /> -_--° the itepta wJth ac+y other funds. Any amounts collected w1U be a�ed av,�+rovided in tLis Securlty InsWment. 1Y�stor
<br /> -- _��^��.� wfuraats that no default ex�sts uader the Leases or any applicable feadlorc}ltepant law.T:ustor also agreea to mslntalu s�d,
<br />=;_;:;;;_�: . �N��Y te�ant to comply with the teans of the I.eases and applicable law. �_
<br />`;'���� �13. LEA.S�H(SLDS; CONAOMINIIJMSi 1PbANNEA �T DEVEIAPN.i�NTS. Tmstos agcees to comp3y vvi�h the _:
<br /> ==-m=�°�,,�,i;� pro��ons of any lease if this Sewrity Inst�ument is on a leasehold if the 4�aaperty includes a unit.in��andomin3nm or a --
<br /> ---: �,;::�,� plennecl unit development.Tn�stor will perfomn all of Trnstor's dudes under the cc►vennnts.by-lawa,or reguiada;�s 8u th� _
<br /> - -�.;;;;�"�' condomiaium oi plann�l unit de�+elopment.
<br />_�,�;�;�
<br />_ -= 14. DEFA�JL�.'hus2ar will be ia default if any p�y obli ated on the Secuced Debt fails ta m�ke pa►yment whcn due.7tustor
<br /> -_ � „�L��!dCfenit 9f a'breach accute undei t�e tenms o�thLs Secudty Inst�ument or any other document acecut�cl tor the
<br /> ptts�TSe ef crea8ng,seeurin,g Qr gaaiamy'ing t4e Secured Debt. A good faith beltef by Hcu�:�cla�-}+tGFit�ry��•:--y at�ny � _
<br /> -��-��:� time 3s iase�ure wlth respect W t►n>perso�.or endty obligated on�e Se�vred Debt u.ti�is the prospcct af:.ay p::}meat or �--
<br /> -___-�c���;�' the vs�]ue of the Property ts impniied cball$iso consdtute an event of defaul�
<br /> _._;;,�;;.T:Q�itc
<br /> _ rSi,!
<br />=:4�s;;�!- . q'�'�8�28-090 f11l873 (Pa11e3 olG1
<br /> ;.,_ s,•r,•����i. .!�` 1//I/1 -
<br /> .i::a3:.`:,,, ri. . ; �._ -t�°�.- __.._
<br /> ---���,1••.'.,:'�i ' ' �100�6ahten GY�nma.he..5t.Cbud.MN Fom+OTN�1T6tAiNE 1N/98 _...
<br />-_-!z�++;:11�� ';��`�'�;,fk��C+ .-
<br /> 5 �
<br /> 1 '•'i �t'E _
<br /> " L
<br /> t,� .�r� �. .y,�_.�..._�.-.. , � ' ...i.� . , �. . - . . �.l �����•:5�7; _- ..,.. " ' . . -}:.r a .-- , .___
<br /> ..
<br /> . ....
<br /> . t r� � . ,' `'�' �f- --
<br /> � __.� ., � . :.',.��� . ��._���. �� a .� A
<br /> .,._ _ .
<br /> •�rl . ,.
<br /> -- --- - --- -- -- -- -- - - ---- -- --_----- — --- _._
<br /> .• � --- ------ - --_------------•- - � --- - .� - . �Sf
<br /> re---
<br /> # �� . .. • . . . ..r T .. •'r,„•y V' , ! 11 • t.�iG�'n� t�.
<br /> �
<br /> � •� - •. .. . - � • � • ,� � ���l�. , • '.4tI}i1X1Y:. , �
<br /> � .�. . . 11 . - . � ' ' ''+1,`\� . . . . _ .i� .
<br /> . y � r � . `. a ,. �' - .. ' .. � •.t�:. .��. . ' . .. .. e t�� '
<br /> c`i •�� ,.t�
<br /> - . �. .. _ . �. .. ' ' t..;ii: ' - 1 L -
<br /> S. ., - ., �� a . .. .. . .� ;ril�
<br /> ,D -' i. .0 .• ., . . .. '' .. �, � � � (l !T4 ' � .
<br /> ., . .. _ ., a .. .. ., i ., .. .� �`,� • 1' + �`.1�
<br /> � .,
<br /> .. . , •. �._ .. -.t+:����a,p��1� - -j=. -
<br /> � . .. �� .. •' • G. . - . t�.r... ^ri�r.�- ' .�{t _ - A _
<br />-- � � . . � - .. • ' . .. �,.. . .. � .� . .. � �'fP�:��t.�.�_�,. :k.:,.s�5.,-;. :r , . - ---
<br /> ��, �.; • . . . . " . ' • �' V .. „ �. .�, . ... ...i� .� . . . . ;�.:
<br /> . . �� . , . . � • . .. �,':.:� .__�._� -. --=
<br /> . ., .
<br /> � :� N _ _ . .. _. _ .. _ .. . ,�_.
<br />
|