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200301104
<br />B. All future advances from Beneficiary to Trustor or other future obligations of 'frustor to Beneficiary ender amp
<br />promissory note, contract, guaranR'. or other evidence of deb( csconerl by Trus-Inr in favor of Beneficiary
<br />executed after thus Security- InSinnlna whclhcr or not this Securfh' histrinent is specifically referenced. If more
<br />Than nuc prison signs this Security Instrument each 'Tmstor agrees that tlus Security Instrument will secure all
<br />future atbances and future obligations that are given to or incurred by any one or mare frusta, stor o any one or
<br />more 'I roster and alters. All runic advances and other future obligations are secured by this Security Imtrumem
<br />cvcn though At or part may not yet be advanced. All future advances and other future obligations are sccumd as if
<br />made on the dale of this Security Instrument Nothing in This Sccarily ITISIoritteal shall conenihdc a Cantonment to
<br />make additional or future Irons at advances in am amount. Ali, such conmutnent must be agreed to in if separate
<br />writing
<br />C All other obligations Tmstor owes to Benefctary which may laic, arise to the u,nad not prohibited by Inv,
<br />including. but not ]noted lo_ hahilaics Cur nverclrafis relating to am deposit occounl agreement between 'Tmstor
<br />and Rcncficiurv-
<br />D. All additional sums advanced and cspenses incurred In for insuring, preserving or otherwise
<br />protecting the Pmpert and its value and any other sums advanced and expenses incurred by Beneficiary under the
<br />Icons of this Security Instrument.
<br />In the event that Rcucficiary fails to provide any necessary notice of (he right of rescission with respect to any, additional
<br />indebtedness secured under paragraph B of this Section, Rcncficiary waives any subsequent security interest in the
<br />Trmstor's principal dwelling that N created by this Security Instrument (but does not waive the securlIN interest for the
<br />debts rcucual.d to paragraph A of (]its Section).
<br />5. DEED OF TRUST COVENANTS. Tmstor agrees Ilml the covenants in Iles section are material obligations under the
<br />Secured Debt and this Seemly Instrument. If Truster breaches acv covenant in this section, Beneficiary may refuse no
<br />make additional extensions of credit and reduce the credit limit_ By nil cxcreisine either remedy on Tnustor's breach.
<br />Beneficiary does not waive Benefician', rigltl to h:dcr censtder the event a breach if it happens again.
<br />Payments. Tmstor agrees that all payments under the Secured Debt will be paid when due and in accoida ce with the
<br />louts of the Secured Debt and this Security hisln HRall
<br />Mor Security Interests. Wilt regard to acv other mortgage, deed of Inist, security agreement or other lien docunucul
<br />that trestle(] it prior security interest or encumbrance on the Property, Truster agrees to make all paynhcnls when due and
<br />to perform or comply wish ell covenants_ Truster also agnxs non o allow any modification or extension at. nor to
<br />request any future advances under any note or agreement secured by the lien document without Beneficiary's prior
<br />orillen approval_
<br />Claims Against Title Trust or oil] par, all lases (including am tax assessed to Ihis Deed of Trust), assessments, Iicis,
<br />enmuubnmces_ lease payments. ground rents. utilities. and other charges trial iug I the Pi pertv when due. Benefician•
<br />now lector i c Truster to prey file to Bencferan copies a all notices that such amounts are due and the receipts evidencing
<br />'I'ruslor's payment_ Trretor will defend title to the Property against acv claims that would impair the lien of this
<br />Se(vrity hu lruncnt. Truster agrees to assign to Beneficiary, as rcquc,(cd fy Beneficial N. arw rights, claims or defenses
<br />Trustor may have against parties who supply Iahor- or nhmctials no maintain or improve the Property.
<br />Property Condition, Alterations and Inspection_ Truster will keep the Property in good condilinn :u,it make all
<br />repairs ftud ao reasonably accessary. 'I'ruslor shrill not commit or allmv any wusle impairment, or deterioration of the
<br />Property. Trustor agrees that the nature of Ihu occupancy and use kill] not substantially charge without Benefician''',
<br />prior written cons'cul. TuRSIM will not permit arhv change in any license, restrictive covenant or casement without
<br />BcucficiaW s prior written consent. I ouster will notify ° Benefician of all denhands, proceedings. claims. and actions
<br />against 'I'rustor and of any Ins, ur damage to the Propery.
<br />Bcniacian_ or Benclictun's agcros mar. al Bonefician's option, enter the Propery at anv reasonable (fine fur Ihu
<br />purpose of inspccbug the Property. Bend ician_ strait give Tmstor notice at the little of or febrile an inspection
<br />,pccifving a reasonable purpose for the inspecdoa Any mspediott 'if the Propemr shall be entirely for Beneficiary's
<br />benefit and l'msor will in no wog reh en Beneficiary's inspection.
<br />Authority to Perform. If Trus'or fails o Isenhour run dup- or any of the covenants contained in this Security
<br />Instrument. Renefici:uv noo. o'ithoul notice, perform or cause them to be perfomsd Trustor appoints Beneficiary as
<br />alloiner in fact to sign Tmstor's name or pay any almond ucxassmy for perfornumce. Beneficiary's right to perform for
<br />Truster shall not create an obligaliru to perform, and Benefciary'S failure to perform will not preclude Rcucficiary
<br />from cxcrctsioe am of Benefcian's other rights under the law or this Sccurity huslmmere.
<br />Lcvvcholds; Condominiums; Planned Unit Developments. Tru ikiraagnxs to compy wilt the provisions of any lease
<br />if this Secede Instrument is on a Ica,chold. If the Piope rk includes it unit to a condomimurn or a planned unit
<br />development, Trll,(or will preform all of Toaster's duties under the covenants, by- Imes, or regulations of the
<br />condonuauum or planned unit development _
<br />Condemnation. Truster hill] give Beneficiary prompt notice of any pending or threatened action by private or public
<br />entities to purc]mw or take any or all of the Property trough concicnmalimu, council domain, or am' other means.
<br />Tmstor authorizes Benefician' to intervene in Tnas'uds urns in anv of the above described actions or claims. Truster
<br />assigns to Beneficiary the pmu:cds of rep- ao'ard or claim for damages connected with a condernnztion or olhcr bilking of
<br />all or any purl of the Properly. Stich proceeds shall be eonaidcre(l payments and will be applied as troy filed in this
<br />Sccurity Instrument. Tits assigrmhent of proceeds is ',obicul to the terns of au' prior mortgage, deed of trust. security
<br />agreement or other lien docuueN.
<br />Insu. low, Truster shall keep Proper, insured against loss by fire, flood. theft and other hazards and risks reasonaby
<br />associated both the Propcm due le its hype and loc; lion. This insurance shall be mainlaine(l in the auanmis and for lire
<br />periods Ihnt Beneficiary_ requires. The ihuurahhce carrier providing the insurance shall be chosen by Trustor subject to
<br />Beneficiary's approval, which shall nut be unreasonably withheld. If Trustor fails to maintain (lie coverage described
<br />above, Beneficiary may, at Beneficiary's option. obtain coverage to protect Beneficiary's rights in the Property
<br />aecording to the loots of this Security instrument,
<br />All insurance policies and rcnco ;ls shall be acceptable to Benefcian' and shall include a standard "nhorlgage clause"
<br />and where applicable. "loss paNve clause." 'Tmstor shall immediatc]v rmifv Beneficiary of cancellation or ternunation
<br />of the insurance. Benefician Shull have the right to hold the policies and renewals. If Beneficiary requires. Tmsto'shall
<br />inunediate]y give to Bcnrfician all receipts of paid prenuuus and renewal notices_ Open loss. Truster shall give
<br />nnmcdiate notice to to insurance carrier and Benefciay_ Rmucficiary may make proof of loss if not made nianediatek
<br />by Trustor.
<br />Unless otherwise agreed tin writing, all insurance, proceeds shall be applied to the restoration or repair of the Properts or
<br />to the Secured Debt whclhcr ,, col then due. al Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or po,Ipnuc the due date of the scheduled payment nor chaugc the amount of any payment Any excess gill be
<br />paid In the Trustor If the Properly is acquirul In Truster's right to any' insurance politics and proceeds
<br />resulting from daneige to the Pmperly before the acquisition shall pass to Beneficiary to the extent of he Secured Debi
<br />nnmcdiatch before the acquisition (page 2 of e()
<br />s,s, _.sac a e mmnPSin- ar vtaise _
<br />(M- C4661NE)(99021 C2
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