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200201100 B. All future advances from Buneiciary to Imitator or other future obligations of Trustor to Beneficiary under any promissory note, contract, gum'mty, m other evidence of debt executer! by Trustor in favor of Beneficiary executed after this Security Instrument whether or not this Security Lnstru tent is specifically referenced. If more than one person sighs 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 Trustor, or any one or more Trustor and others_ All future advances and other fume obligations are secured by this Security Instrument even though all or part may not yet he advanced. All mmre advances and other future obligations are secured as if male on the date of this Security Instrument. Nothing in this Security Instrument sball constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a sepmate writing_ C. All obligations Trusmm 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 ineuned by Beneficiary for insuring, preserving or otherwise protecting the T'rnpcmty and its value and any other sums advanced acrd 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. 5. PAYMENTS. Trustor agrees that all payments under the Scoured Debt will be paid when due mid in accordance with the terms of the Sccmrcd Debt and this Security Instrunent, 6. WARRANTY OF TITLE. Truster warrants that Trustor is or will be lawfully seized of the estate conveyed by this Security Instrument mid has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Finite, also warrants that fire 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, Truster agrees: A. To make all payments when due and to perform or comply with all covenants. B_ To promptly deliver a Beneficiary any notices that Trustor receives front 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 8. CLAIMS AGAINST TITLE. '17ustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts arc due mid the receipts evidencing Tmnstor's payment Trustor will defend title to the Property against any claims that would impair the lien of this Security hhsfrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses'frustor 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 mid payable upon the creation of, Or contract for the creation of, our lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591) as applicable. This covenant shall suit with the Pmperty 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. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impavnent' or det rmogio r of the Property_ Trustor 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'a prior written consent. muster will not permit any change in any license, restrictive covenant or easement 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 Properly. Bon liciray 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 nine of or before an inspection spccidlmg a reasonable purpose for the inspection_ Any inspection of the Property shall be entirely for Beneficinry's benefit and Trustor will in no way rely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. It Oralor 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, Trustor appoints Beneficiary as attorney in fact to sign Trustor's 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 will not preclude Beneficiary from exercising any of Beneficiary's other rights under' the law or this Security Instrument If any construction on the Property is discontinued or not carried ore in a reasonable manner, Beneficiary may lake all steps necessary to protect Beneficiary's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND PUNTS. Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Bein ficilcy, as additional security all the right, title mid interest in aid to any and all existing or future leases, subleases, and any other written or verbal agreements for the use mid occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all retermil to as "Leases") and rents, issues and profits (all referred to as "Rents'). Trustor will promptly provide Beneficiary with true and correct copies of all existing and fimae I eases. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in default under the terms of this Security Instrument. Trustor acknowledges that this assignment is perfected upon die recording of this Deed of Trust and that Beneficiary is entitled to notify any of Toaster's tenants to make payment of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary notify Trustor and Trustor s tenants and make demand that all future Rents be paid directly to Beneieiary. On receiving notice of default, Trustor will endorse mid deliver to Beneficiary any payment of Rcuts in Trustor's possession and will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument Trustor warrants that no default exists under the T. cases or any applicable landlord/tenant law. Trustor also agrees to andmilia and require any tent to comply with the terms of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINIUMS, PLANNED UNIT DEVELOPMENTS. 'f4ustor agrees to comply will, the provisions of any lease if this Security Instrument is on a ler aehold. If the Property includes a unit in a condominium or a planted unit development, Trustor will perform all of Tmstor's duties under the covenants, by -laws, or regulations of the condominium or planed unit development. 01,9, e_i,_ s,,,_,, , 0,,d. aN, 11, a 1, .,o mmn IF or IF 121/W Ta ®= -0t 66(NE) Iseoasi