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, � , • � � 1(�45f� 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not exceed $ 19,000.00. This limitation of � amount does nat include interest and advances made under the terms of this Security � m Instrument to protect Lender's security and to perform any of the covenants contained in ,�,r „� this Security Instrument. " �' o 4. SECURED DEBT AND FUTUItE ADVANCES. The term"Secured Debt" is � m defined as follows: � Q A. Debt incurred under the terms of all promissory note(s}, contract(s), guaranty(s) or Q; other evidence af debt described below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is suggested that you include items such as bonowers'names, note amounts, interest rates, maturity dates, etc.) B. All future advances from Lender to Grantor or other future obligations of Grantor to Lender under any promissory note, contract, guaranty, or other evidence of debt executed by Grantor in favor of Lender executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Grantor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Grantor, or any one or more Grantor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All obligations Grantor owes to L�nder, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Grantor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Security Instrument. This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Grantor agrees that a11 payments under the Secured Debt wilI be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. WARRANT OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust,with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of record. ?. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Grantar agrees: A. To make all payments when due and to perfarm or comply with all covenants. B. To promptly deliver to Lender any notices that Cxrantor receives from the holder. C. Not to a11ow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent. 8. CLAIMS AGAINST TITLE. Grantor will pay a11 taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other char�es relating to the Property when due. Lender may require Crrantor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Grantor may have against parties who supply labor or materials to maintain or improve the Property.