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202504457
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Last modified
8/12/2025 1:45:59 PM
Creation date
8/12/2025 1:34:13 PM
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DEEDS
Inst Number
202504457
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20250445'7 <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 />9. 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 />10. Warranties and Representations. Trustor has the right and authority to enter into this <br />Security Instrument. The execution and delivery of this Security Instrument will not violate any <br />agreement governing Trustor or to which Trustor is a party. <br />11. 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 />12. 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 <br />perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of <br />Beneficiary's other rights under the law or this Security Instrument to the extent permitted by law. If <br />any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may <br />take all steps necessary to protect Lender's security interest in the Property, including completion of <br />the construction. <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 />Deed Of Trust Closed End -NE <br />© 2025 Wolters Kluwer Financial Services, Inc. <br />All rights reserved. <br />25.3.0.6258J20250606Y <br />03/2025 <br />Page 4 of 10 <br />
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