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Application # 0120830468 200201099 B. All nature advances from Beneficiary to 'fristnr or other future obligations of Tmstor to Beneficiary under any proma.ssory note, contract, guaranty, or other evidence of debt executed b Trustor in favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument is Spccit rally referenced. If more than one person signs this Security Instrument, each Truster agrees that this Security Instrument will secure all firtare advances and main, obligations that are given to or Incurred by any one or more Trustor, or any one or mare Truster 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 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 Trustor 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 terms 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. S. PAYMENTS. Truster agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Truster walrants that Trustor 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 te Tstee, in trust, with power of sale. Traylor also warrants that the Property is unencumbered, except for encumbrances of recorrud. 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, Tmstor agrees. A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. C. Not to allow any modification or extension at, nor to request any mire advances under any note or agreement secured by the lien document without Beneficiary's prior written consent. S. CLAIMS AGAINST TITLE. Tmslor will pay all faxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges Tclathhg to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that 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 parties who supply labor or materials to maintain or improve the Property. 9. DUE ON SALE. OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the Property. This Tight is subject to the restrictions imposed by federal law (12 C.F.R.591), as applicable. This covenant shall inn with the Property and shall remain in effect until die Secured Debt is paid in full and this Security Instrument is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Toaster will keep the Property in good condition and make all repairs that are reasonably necessary. Tmstor shall not commit or allow any waste, impairment, or deterioration of the Property. Traitor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or eaaement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss 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 Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Truster will in no way rely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. If 'Truster fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed- Tmstor appoints Beneficiary as attorney in fact to sign Tmatur s name or pay any amount necessary for performance. Beneficiary's right to perform for Tmstor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from excrcolog any of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Property is discontinued nr not carried on in a reasonable Trig , 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. Tmstor irrevocably grants, conveys and sells to Trustee, in treat for the benefit Of Beneficiary, as additional secrrity all the right, title and interest in and to any and all existing or future leases, subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Lessee ") and rents, issues and profits (all referred to as "Rents "). Trustor will promptly provide Beneficiary with are and correct copies of all existing and fumrc Leases. Trustor may collect, receive, enjoy and use the Rents so long as Tmstor is not in default under the terms of this Security lmtmmmt. Trustor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to notify any of Trustor's family to make payment of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary, notify Tmstor and Tmstor's tenants and make demand that all NNre Rents be paid directly to Beneficiary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary any payment of Rents in Tmetan's possession and will receive any Rents in trust for Beneficiary and will not conaningle the Rents with any other funds. Any amounts collected will Ire applied as provided in this Security Instrument. Trustor warrants that no default exists under the Leases or any applicable landlordttenant law. Tmstor also agrees to maintain and require any tenant to comply with die terms of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINIUMS; PLANNED ITNIT DEVELOPMENTS. Trustor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a ulatw in or at of the planned unit development, Tmslor will perform all of Trustor's duties under the covenants, by- gr condominium or planned unit development. I (I fame 2 of 4) ©less Bankers Systems Its Se aloud, MN a aie.e9R ... rest SE @A r1aL Ie91 / v`- - G165(Ne) (sars)