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Application # 0120804968 200201103 B. All future advances four Beneficiary to Trustor or other future obligations of Trustn to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor N favor of Beneficiary executed after this Security Instrument whether or not this Security Instrwment is specifically referenced. If more grain one person silts 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 Traitor and others. All future advances and other fugue obligations are secured by this Security Instruranl even though all or part may not yet be advanced. All home advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Insimment shall constitute a containment 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 Tmstor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to liabilities for overdrafts Totaling to any deposit account agreement between Trustor and Beneficiary. D. All additional sums advanced and expenses inewred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other scans advanced and expemes incurred by Beneficiary under the terns of this Security butrument. This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right Of resce,doll. S. PAYMENTS. Trustor agrees gnat all payments under the Secured Debt, will be paid when due land in accordance with the terms of the Secured Debt and this Security Instrument. 6, WARRANTY OF TITLE. Trustor warrants that Tnawr is or will be lawfully seized of the estate conveyed by this Security Immanent and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also warrants that are 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, Traitor agrees: A. To rake all payments when due and to perform or comply with all covenants. B. To pronigly deliver m Beneficiary any notices that Trustor receives from the holder. C. Not to allow any modification or extension of, nor to request any more advances wider any note or agreement secured by the lien document without Beneficiary's prior written consent. 8. CLAIMS AGAINST TITLE. Trustor 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 emouuts are due and the receipts evidencing Trustor's payment. Tmstor will defend title to the Property against any clainvs that would impair die lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, clainvs or defenses 'Trustor Only 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 right is subject to the restrictions imposed by federal law (12 C.F.R.591), as applicable. 'this covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and Nis 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, impairment, or deterioration of the Property. Truster will keep the Property free of noxious words and grasses. Trustor agrees that the ature of the occupancy and use will not substantially change without Beneficiary's prior written cement. Trustor will not permit any change in any license, restrictive taweant or easement without Beneficiary's prior written consem. Tmstor will notify Beneficiary of all demands, proceedings, claims, and actions against Toaster, 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 Toaster will in an way rely on Beneficiary's inspection. 11. AU'I'IIORITY TO PERFORM. If Trustor fails to perform any duty or any of Ne covenants contained to this Security Instrument, Beueficiary may, without notice, perform or cause them to be perfumed. Tmstor appoints Beneficiary as attorney in fact to sign Truster's name or pay any amount necessary for performance. Beneficiary's right to perform for Toaster 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 he law 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. Trustor irrevocably grants, conveys and sells in Trustee, in must for the benefit of Beneficiary , as additional security 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 "Leases ") and rents, issues and profits (all referred to as "Rents "). Tmstor will promptly provide Beneficiary with true and correct copies of all existing and future Leases. 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 the recording of this Deed of Trust and ted Beneficiary is entitled to notify any of Trustor's tenants to make payment of Rents due or to become dire to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary notify Trustor and Trustor's (cants and make demand that all future Rents be paid directly to Beneficiary. On receiving notice of default, Tmstor will endorse and deliver to Beneficiary any payment of Rents in Trustor's possession and will receive any Rents in gust for Beneficiary and will not conmlingle 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 Leases or any applicable landlord /tenant law. 'Fenster also agrees to maintain and require any leant to comply with the terms of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with Nc provisions of any lase if this Security Instrument is on a leasehold. If the property includes a unit in a condominium or a planned unit development, Tmstor will perform all of Truster's duties under the covenants, by -laws, or regulations of the condominium or planned mutt development. l (page2014) 01864 aanNers5wems.NF 6L CIOUO MN n- Be0a9]ti.341t FOmiHEDRNC IN2]19] J- ��C165(NE) tfisoat