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<br /> g, All future udvances from Irendcr to C3rantor or othcr futuec abligattans of Ciraator to Lender under any promissory =-
<br /> note.contcact,guaraaty.or othet cvidence aY dcbi cxecuted hy C3raator in favor of Lender executed after this �.;,
<br /> gecurlty Instrument whcthcr ar not thla Secudty[ngtrumont is spcciftcally refereaced if mora tdan one person
<br /> signs this Security Ias4rument,each Grantor agrces that this Secudty Insuument will secure all future advances and _
<br /> future obligatlons that are glven t9 or incurred by nny ono ur mure Gcantor,or any one�r raare Grrantor and �._.
<br /> others.A11 future advances and other tuture obllgattons are secured by this SecutIty Instrument aven though all or _-
<br /> part may not yet be advenced.All fuhue advances and other future obligetions are secured as if made on We date �,i>�,
<br /> of this Security I n strumen t.No t h i n�i n t U l s S e c u r i ty I n s t r u m e n t s h a l l c o n s d tute a commitment to raeke additIonal
<br /> or future loans or advaaces in arry amount.Any such commitment must be agreed to in a separate writing. _
<br /> C. All obli$atians Ciiantor owes to Lender�whiah may latcr arise,to the extent uot probibited by law,including,but =
<br /> not limited to.lIebilitics for overdrafts relsting to eny deposit account agreement between Grantor and Lender.
<br /> D. All additlonal swns advanced and expenses incuned by I.ender for insuring,preserving or otherwise protecting _
<br /> We Property and its vaIue�and eny other sums advanced and exp�nses incurred by Lender uader the terms of
<br /> this Security Instrument.
<br /> 1'his Securjty InsMimeat wUl not secure anl�other debt if I.ender faHs to give any required notice of the ri�ht of rescission•
<br /> 5. PAYMEI�TS•arantor agrees that all payments under the Secured L7ebt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and thia Secueity Iastrument.
<br /> 6. �yp��'I'y pF 1Tr1,�.Orantor warcanl�t�at Grantar is or wil}be Ia�tfuUy seized of the e.gtate conveyed by this �
<br /> Securlty Iastrument and has the right to irrevocably g�aat,convey,and sell the Property to Trustee,in trust,with
<br /> power of sale.t3rantor also warrants that We Propecty is iuteneumbered.except for encumbrances of recotd. -
<br /> 7. PRIOR SECLJRPI'1l II�PI'ERE3Tg•With regard to any other murtgage,deed of trust,security agreement or other lien
<br /> document that a'eated a prior security interest or encumbrance on the Property,Graator agrees:
<br /> A. To make aU payments when due and to perform or camply with ell covenants.
<br /> B. To promptly deHver w Lender any aotice.4 that C3raator receives from the holder.
<br /> C. Not to allow any modification or extenston of,nor to request any future advances under any note or agreement
<br /> sec�red by the Gen document wlthout Lender's prlor wdtten consent• °
<br /> g. CLAAbdB AGAINST 1TTLE.Cirantor wIU pay all taxes�assessments.l{ena.encucnbrances,lease payntents,grouad
<br /> rents,utilides,aad other charg�relating to the Praperty when due.Lender may require Grantor to provIde ta Leader
<br /> ��,�p���ic�lkst s�ch am�»nis a*e due and the rec�ipts evldenctng Grantor's payment.Grantor will defend ,
<br /> ptle to the pTpperty agasnst any claims that would impair the lien of this Security Instrucnem.c�raacor agrees io as�igu
<br /> to Lender,�s requested by Lender,any rights,claims or defenses arantor may have against parties who sapply labor
<br /> or materials w maintain or improve the Praperty.
<br /> 9. DUE QN S�I.E UR FNCUMBR�INCE'Lender may,at its option,declere the entlre balance of the Secored Debt to
<br /> be immediately due and payable upon the creation of,or c�ntract for ti�e creatian of,any Hen,encumbrance,transfer
<br /> or sale of the Property.Tins nght is subject to the restrictions imposed by fed�ral law(12 C.F.R.591),as applicable.
<br /> '1'his covenani shall run with tb�e PraPertY and shaU remain in effect until the Secured Debt is paid in fiill and this
<br /> gecuriry Instcument is releaced.
<br /> 10. PROP�RT1f CONIDITION,ALTEFtATION3 AND INSPECTION.Grantor will keep the Property in good
<br /> condition and make aU repairs that are reasonably necessary.Grantor shall not commit or allow any waste,
<br /> i�npairment.or deterioration of the Property.�at��Qots b tantiaplly cha ge wlth ut Lenderas pnor wntten
<br /> Grantor agrees that the nature of the oocupancy
<br /> oonsent.Grantor will not permit any change�n any license.restrictive covenant or easement without Lender's prior
<br /> written consenG Grantor�vill nottfy Leader oE all demands,proceedings,claims,and actions against Grantor,and of
<br /> any loss oz damage to the Property.
<br /> Lender or 1-ender's agents may,at Lender's optton,enter the Property at any reas4nable time for the purpose of
<br /> inapecting the Poro�f I����ectioni Any iGiicpectton of the Property shali be enti cly forSLender's bene�and
<br /> reasonable p�p
<br /> prantor will in no way rely oa Lender's inspection.
<br /> 1L AUTHORII'Y TO PERFOR&I.If Grentor fails to perform any duty or any of the covenants contained in tius
<br /> Securityr Instrument,Lender may,without notice,perform or cause them tu be perfotmed.C3rantor appoints Lender
<br /> as attomey in fact to sign Grantor's name or pay any emount aece�rS+for performance.Lcnder's right to perfarm for
<br /> Grautor shall.not create an obligation to perform,and Lender's fnilure to perfocm will not preclude Lender from
<br /> exercising any of Lender's other rIghts under the law or this Security Instrument.If any construction on the Property is
<br /> discontinued or not carried on in a reasonable manner.Lender may take all ateps neccssary to protect Lender's
<br /> security interest in the Propercy.iacluding compledon of the construction.
<br /> 3Z. ASSIGNMENI'OF GEASES AND PtENfS�Grantor inevocably grants.conveys and sells to Trwtee.in trust for tho
<br />° benefit of Lender.as additional security a11 the right,tide and interest in and to any and aU cxisting or future leases,
<br />= subleases.and any othvr written or verbal agreements for the use and occupancy of any p�rtion of the Property,
<br />— includtng any extensions,renewals,modlficarions or substitutions of such agreements(aU retened to ns•`Leases")and
<br />— rents,issues and profits(all refened to as"Rents").Grantor will promptly providc Lendcr with truc and conect
<br />- i�n de anjt nder the te�ra�s of th�s Secun'ty�Instrument�����ive.cnjoy and usc thc R�nts so long as C3rantor is not
<br />�1 Grantor acknowlulges that this assignment is perfected upon the recording of this Deed af Tru�t and that ixnder ia
<br />� entided to notify any of Graator's tenants to make payment of Rents due or to become duc to Lender.However.
<br /> r pnaP,.Aorees th�t onht'�gfgult will L.ender notify Grantor and Grantor's tenants�nd muk���mu�nd�ht�ndcrtanv
<br /> - Rents be paid dicec$y io Lerider.On receivtn$notice oi deiauii,v�pa��, ..�,..........o..»..- ___.__-- _
<br /> � payment of Rents ia Grantor's possession and will receive any Rents in trust for Lcndcr und will not commingle the
<br /> Rents with any other funds. Any amounts wllected will be applied as provided in this Security lnstrumcnt.Cirantor
<br />:'q_.l warcants that no default exists under the Leases or any applicable landlord/tcnant law.Gruntor aisu narcrs to maintain
<br /> and require a�ry tenant to comply with the terms of the Leases and applicable luw.
<br /> �'�� 13. LEASEHOY.DS;CONDONmVIUMS+pLANNED UN1T DEVELOPMEN7'5.Grimtur nF;rccs tc�comply with tlic
<br /> T3 provisions of any lease if this Security Instrument is on a lecisehold.If thc Property includcw u unit fn n cunJominium
<br />�.�`; or a planned unit development, Grantor will perform all of Grantor's duUes und�r thc covenunis. hy-laws,or
<br /> ,�- regulations of the condominium or planned unit development.
<br />° 14. DEFAULT.Grantor will be ia default if any party obligated on the Securcd Ucbt fnils tu mi�kc p�►ymcnt whcn due.
<br />.;� Grantor will be in default if a breach occurs under the terms af this Security ln4trument ur uny uthcr durumvnt
<br /> �� (pudo 2 or a)
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