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l y3 hJ,d a l'2 <br />a"t`J <br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Bcneficiary trader any <br />promissory note, contract, guaranty, or other evidence of debt existing now or executed after this Deed of Trust <br />whether or not this Deed of Trust is specifically referred to in the evidence of debt. <br />C. All obligations Trustor owes to Beneficiary, which now exist or may later arise, m the extent not prohibited by <br />law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between <br />Trustor and Beneficiary. <br />D. AR additional stuns advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting <br />the Property and it% value and any other sums advanced and expenses incurred by Beneficiary under the terms of <br />this Deed of Trust, plus interest at the highest rate in effect, from time to time, as provided in the Evidence of <br />Debt. <br />EL 'I'ru tor's performance under the terms of any instrument evidencing a debt by Trustor to Beneficiary and any Deed <br />of Trust scenting, guarantying, or otherwise refining to the debt. <br />If more than one person signs this Deed of Trust as Trustor, =11 Trintor agrees that this Deed of Trust will secure all <br />future advances and future obligations described above that are given to or incurred by any one or more Trustee, or any <br />one or more'fmstnr nod a ers. This Deed of Trust will nut secure any other debt if Beneficiary fails, with respect in such <br />other debt, to snake any required disclosure about this Deed of Trust or if Beneficiary fails to give any required notice of <br />the right of rescission <br />5. PAYMENTS. Trustor agrees to make all payments on the Secured Debt when due and in accordeuce, with the terms of the <br />Evidence of Debt or this Deed of Trust. <br />6. WARRANTY OF TITLE. Trustor covenants that Truslur is lawfully seized of the estate conveyed by this Deed of Trust <br />and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property suit warrants <br />that the Property is unencumbered, except for encumbrances of record. <br />7. CLAIMS AGAINST TITLE. LE. Tractor will pay all taxes, assessments, lions, encumbrances, lease payments, ground mots, <br />utilities, and other charges relating to the Property when due. Beneficiary may require Truster to provide to Beneficiary <br />copies of all notices that such amounts are due and the receipts evidencing Traitor's payment. Trustor will defend tide to <br />the Property against any claims that would impair the lien of this Deed of Dust, Trustor agrees to assign to Beneficiary, as <br />requested by Beneficiary, any rights, claims or defenses which Trustor may have against parties who supply labor or <br />materials to huprove or mamum the Property. <br />S. PRIOR SECURITY INTERESTS. With regard to any other mortgage, died of trust, security agreement or other lieu <br />document that created a prior security interest or encumbrance On the Property and that may have priority over this Deed <br />Of Trust, Tmstor agrees: <br />A. To Make all payments when due and to perform or comply with all revenants. <br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. <br />C. Not no make or permit any modification or extension of, and net to request or accept any future advances under any <br />note Or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary c rinumus <br />in writing. <br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to <br />be immediately due and payable upon the creation of any lien, cncumbrmce, transfer, or sale, or contract for any of these <br />on the Property. However, if the Property includes Trusloi s residence, this section shall be subject to the restrictions <br />imposed by federal law (12 C.F.R. 591), as applicable. For the purposes of this section, the term "Property" also includes <br />any interest to all or any part Of the Property. This cavemen shall run with the Property and shall remain in effect until the <br />Secured Debt is paid in full and this Deed of Trust is released. <br />to. TRANSFER OF AN INTEREST IN THE GRANTOR. it 'Tmstor is an early other than a natural person (such as a <br />corporation or other urgauieation), Beneficiary may demand hmmediate payment if (1) a heneficial interest in 'Trustor is <br />sold or transferred; (2) there is a change in either the identify or number of members of a partnership; or (3) there is a <br />change in ownership of more than 25 percent of the voting stock of a corporation, However, Beneficiary may not demand <br />payment in the above situations if it is prohibited by law as of the dare Of this Deed of Trust. <br />11. ENTITY WARRANTIES AND REPRESENTATIONS. If 'I'msmr is au entity other than a natural person (such as a <br />corporation or other organization), 'I faster makes to Beneficiary the following warranties and representations which shall <br />be continuing as long as the Secured Debt remains outstanding: <br />A. Trustor is an entity which is duly organized and validly existing in the Trustoi s state of incorporation (or <br />organization). Toaster is in good standing in all states its which Tmstor transacts. buaiueas. Trustor has the power <br />and authority to own the Property and to carry on its business as now being conducted and, as applicable, is <br />qualified to do so in each state its which Treanor operates. <br />B. The execution, delivery and performance of this Deed of Trust by Tmstur aid the obligation evidenced by the <br />Evidence of Debt are within the power of Trustor, have been duly authorized, have received all necessary <br />governmental approval, and will not violate any provision of law, or order of court Or gt)VOMnCUW agency. <br />C. Other than disclosed its writing Trustor has not changed in name within the last ten years and has not used any <br />other trade or fictitious name. Without BCDC113'1ry's prior written consclt, Trustor does not and will not use any <br />other lame and will preserve its existing name, made names and franchises until the Secured Debt is satisfied. <br />12. PROPER'L'Y CONDITION, ALTERA'T'IONS AND INSPECTION. '1'msmr will keep the Property in good condition <br />and make all repairs that are reasonably necessary. 'Tmstor will give Beneficiary prompt notice of any loss or damage to <br />the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor will not initiate, join in or consent <br />to any change in any private restrictive covenant, zoning ordinance or Other Public or private restriction limiting or <br />defining the uses which may be made of the Property or any part of the Property, without Beneficiary's prior written <br />consent. Tmstur will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor or any Other <br />owner made under law Or regulation regarding use, ownership and occupancy of the Property. Trustor will comply with all <br />legal requirements and restrictions, whether public or private, with respect to the use of the Property. Trustor also agrees <br />that the nature of the occupancy and use will not change without Beneficiary's prior written consent. <br />No portion of the Property will be removed, demolished or materially, altered without Beneficiary's prior written consent <br />except [list Trustor has the right m reinove items of personal property comprising a part of the Property that become. wont <br />- paDe 3o /6' <br />®1993 li- A— soo,—e, In"., s, CIaoC. MN 11 - 0 0 0 3 9 7- 21611 Foam Aaloc DYNE 101901] <br />