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<br />of any of the foregoing. The Related Documents are hereby made a part of this Security Instrument by reference
<br />thereto, with the same force and effect as if fully set forth herein.
<br />INDEBTEDNESS. This Security Instrument secures all amounts, subject to any limitations as to the maximum
<br />amount which may be secured as contained herein, as may be evidenced by a promissory note or notes of even,
<br />prior or subsequent date hereto, including future advances and every other indebtedness of any and every kind
<br />now or hereafter owing from BRYCE BAXTER and MELISSA ANNE BAXTER ("Borrower") to Lender
<br />howsoever created or arising, whether primary, secondary or contingent together with any interest or charges
<br />provided in or arising out of such indebtedness, as well as the agreements and covenants of this Security
<br />Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness"). Without limiting the
<br />foregoing, Indebtedness expressly includes the following:
<br />Promissory Note. The principal amount of $125,108.81 evidenced by the promissory note dated July 24,
<br />2024 made by Borrower payable to the order of Lender, and all interest, charges, and other amounts which
<br />may be or may become owed as provided under the terms of said promissory note, and any and all
<br />amendments, modifications, renewals, extensions, reamortizations, or substitutions thereof.
<br />Protective Advances. All amounts advanced by or on behalf of Lender, its successors or assigns, to
<br />preserve or protect the Property or fulfill any of the obligations of Grantor, under this Security Instrument or
<br />any of the Related Documents, including without limitation, any protective advances made with respect to
<br />the Property for the payment of taxes, assessments, insurance premiums, costs incurred for the protection of
<br />the Property and other costs which Lender is authorized by this Security Instrument or any of the Related
<br />Documents to pay on behalf of Grantor or Borrower.
<br />Future Advances. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to
<br />time there may be no balance due under the note and regardless of whether Lender is obligated to make such
<br />future advances.
<br />Consumer Purpose Loan Exclusion. Notwithstanding anything to the contrary, Indebtedness specifically
<br />excludes any obligation pursuant to a credit transaction which was offered or extended primarily for
<br />personal, family, or household purposes.
<br />Maximum Amount Secured. Notwithstanding any other provision of this Security Instrument, the
<br />maximum principal amount of Indebtedness that may be secured at any one time is $125,108.81.
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due on August 1, 2054.
<br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
<br />Performance of Obligations. Grantor promises to perform all terms, conditions, and covenants of this
<br />Security Instrument and Related Documents in accordance with the terms contained therein.
<br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the
<br />Property. Grantor covenants that the Property is unencumbered and free of all liens except for encumbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />the title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the schedule of
<br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the
<br />Property.
<br />Condition of Property. Grantor promises at all times to preserve and to maintain the Property and every
<br />part thereof in good repair, working order, and condition and will from time to time, make all needful and
<br />proper repairs so that the value of the Property shall not in any way be impaired.
<br />Removal of any Part of the Property. Grantor promises not to remove any part of the Property from its
<br />present location, except for replacement, maintenance and relocation in the ordinary course of business.
<br />Cd 2004-2022 Compliance Systems, LLC b8 Id6b42" 7a I da828 - 2022.71.25.2
<br />Commercial Real Estate Security Instrument - 0L4007
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