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200205465 B. All future advances from Beneficiary to Truster or other future obligations of 'Erosion In Beneficiary under any ponuesory note, contract, guaranty, or other evidence of debt executed by Tmstor in favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument is specifically rcfemncel. If more than line person signs this Security Instrument, each Trustor agrees That this Security Instrument will secure Lill future advances and future ONE Egaton, that are given to or incurred by any one or more Tmstor, or any one or more Trustor and others. All future ndvances and other future obligations are secured by this Security Iustrhanent won though all or pail may not vet be advanced. All future advances and other future Obligations are secured as it made on the date Of this Secondly hesnumem. Nothing in this Security Instrument shall constitute a commlmaent to make additional or future loans or advances in any amount Any such commitment must be agreed in in a separate writing. C. All obligations Trustor owes TO Beneficiary, which may later arise, to the extent not prohibited by law, including, but nor limited to, liabilities for overdrafts relating to any deposit account agreumat between Truster 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 shares advanced and expensev incurred by Beneficiary under the teems of this 5'eartity Instrument. This Security Inlatrmnatt will not scuum 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 Secured Debt will be paid when due and in accordance with the tcrrns of the Secured Lehi and this Security Instrumem. 6. WARRANTY OF TITLE. Tmstor warrants that Truster is lit wilt be lawfully seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey; and sell the Property to Trustee, in trust, with power of sale. 'I m lu, also warrants that the Property is unencumbered, except for encmnbrances of record. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lieu document that created a prior security interest or encumbrance on the Property, '1 roster agrees^ A, To make all payments when due and to perform or comply with all covenants. B_ To promptly deliver to Beneficiary any notices Thal Torsion receives from the holder_ C, Not to allow any modification or extension of, nor to request any future advances under any note or agreement securer) by the lien document withnm Beneficiary's prior written consent. & CLAIMS AGAINST TITLE. Trasmr will pay all Taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, had other charges refining 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 Trus'lor's payment. Tremor will defend (tile lit the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, an ¢quested by Beneficiary any rights, claintS or defenses Trustor may have against parties who supply labor Or materials to mam4tin or improve the Property, 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary miry, at its option, declare the entire balance of the Secured Debt to be ireuneclately due and payable upon the creation of, Or contract for the creation ref, any lien, encumhrance, transfer or sale of the Property, "Phis right is subject to the restrictions imposed by federal law (12 C.P.R. 591), as applicable. 'phis covenant shall run with the Property and shall remain in effect until the Secured DeN is paid in full and this Security Itmrunleat is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep the Property in good condition and make all repairs chit are reasonably necessary . 'Trustor shall not commit or allow any waste, itnpairmenm, or deterioration of the Property. Trustor will keep the property 1}a; of noxious weeds and grasses_ Trustor agrees that the Tubule of the occupancy and use will not substantially change without Beneficiary's prior written consent_ 'Tmstor will am penult any change in any IlcenaC, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will ratify Beneficiary of all demands, proceedings, claims, and acting, against Trustor, and of any loss or damage m tie 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 Tmstor 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 Tmstor will to no way rely nn Beneficiary 's inspection. 11. AUTHORITY TO PERFORM. If Truster fails at perform any duty Or any of We covenants contained in this Security Bulmninm, Beneficiary may, without notice, perform or cause them to be performed . 'truster appoints Beneficiary as attorney in fact to sign 'fmstolir name or pay any amount necessary for performance. Beneficiary's right m perform for I lu,mr 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 Lin the Property is discontinued or net 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 to "Trustee, in trust for the benefit of Beneficiary, as additional security all the right, tide 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 ;my exemmin, renewals, modifications or .suhshoutions of .such agrtxanmtm (all referred N as "Leases ") and rents, issues and profits (all referred to as "Rents "). Trustor will promptly provide Beneficiary with true and correct copies of all exisung and future Leases. Trustor Entry collect, rccerve, enjoy and use the Rents so long as Tmstor is not in default under the terms of this Security Instrurnern Tmstor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled m notify any of Tmstor', tenants to make payment of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary gorily 'Freston and Tmstor's tenants and make demand that all future Rents be paid directly Ira He rcficiary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary any payment of Rents in Trustor's possession and will receive any Rents in trust for Beneficiary and will not eornnninglc the Rents with any other funds. Arty anmmas collcced will be applied as provided in this Security Instrument. ' T mstor variants that no default exists under the Leases or soy applicable landlord/tenant law. Trustor also agrees Ira maintain and require any tenant to comply with the erns of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINUUMS; PLANNED UNIT DEVELOPMENTS. Incision agrees m comply with the provisions of any lease 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 tine condominium or planned unit devclOpmma nu g em am ITN' ,ma T- In P i al g zsa,i =e,m a =r s[ 7T--