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200300812 B. All future advances from Beneficiary to Truster or other future obligations of Tmsmr to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Tmsmr in favor of Beneficiary after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Truster, or any one or more Tmsmr and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may net 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 addhimed or future loans or advances in any amount- Any such commitment must be agreed to in a separate writing. C. All obligations Trustor owes to Beneficiary, 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 Tmsmr and Beneficiary. D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the foods of this Security Instrument. This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of rescission. 5. PAYMENTS. Trustor agrees that At payments under the Secured Debt will be paid when due and in accordance with the terns of the Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Truster warrants, that Truster 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 in Trusts:, in trust, with power of sale. Trustor also warrants that the Property is unencumbered, except for encumbrances of record. 7. 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, Trustor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Beneficiary any notices don't msier receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Beneficiary's prior written consent S. CLAIMS AGAINST TITLE. Trustor wilt pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Tmsmr to provide m Beneficiary topics of all notices that such amounts are due and the receipts evidencing I roster's payment. Tfmam[ will defend tide to the Property against any chains Chat would impair the lien of this Security Instrument. Toaster agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against panics who supply labor or materials to maintain or improve the Property. 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare Cho entire balance of the Secured Debt to be trnmediately doe and payable upon the creation of, or contract for the creation of, any Lien, encmntatu ce, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.B.R. 591), as applicable. This covenant shall tun with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep tide Property in good condition and make all repairs that are reasonably necessary. Trustor shall not crnmnit or allow any waste, impaiotenl, or deterioration of the Property. Trustor wilt keep the Property free of noxious weeds and grasses- Trustor agrees that the nature of the occupancy and use wilt not substantially change without Beneficiary's prior written consent Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior written consent. TLUSW r will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any toss or damage to the Property. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Tmsmr notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shalt be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. If Truster faits to perform any duty or any of the covenants contained in this Savrity Instrument, Beneficiary may, without notice, perform or cause them to be perforated. Trustor appoints Beneficiary as attorney in fact to sign Ttusmfs name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure to perform wilt not preclude Beneficiary from exercising any of Beneficiary's other rights under the taw or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary 's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Truster irrevocably assigns, grants and convoys, to Trustee, in trust for the benefit of Beneficiary as additional security all the right, title and interest in the following (all referred to as Property): existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of the Property, including any extensions, renewals, modification or replacements (all referred to as Leases); and rents, issues and profits (all referred to as Rents). In the event any hem listed as Leases or Rents is dewranned to be personal property, this Assignment will also be regarded as a security agreement. 'Trustor will promptly provide Beneficiary with copies of the Leases and will certify these Leases are true and correct copies. The existing Leases will be provided on execution of the Assignment, and all future Leases and any other infomation with respect to these Leases will be provided immediately after they are executed. Tmsmr may collect, receive, enjoy and use the Rents so long as Truster is not in default. Upon default, 'poster wilt receive any Rents in trust for Beneficiary and will not commingle the Rents with any other funds . 'Tmstor agrees that this Security Instrument is immediately effective between Tmsmr and Beneficiary and effective as to third parties on the recording of this Assignment. As long as this Assignment is in effect, 'Iruslor warrants and represents that no default exists under the Leases, and the parties subject to the Leases have not violated any applicable law on leases, licenses and landlords and tenants. 13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the provisions of any lease if this Security Instrument is on a teasehold, if the Property includes a unit in a condominium or a planned unit development, Tmsmr will perform all of Tmswr's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. EkJEr2: 0 issa m,e...sva<am =. m' ., st cm,e, ms roan ae QT NE vso¢ooi `Pa'