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<br />B. All future advances from Beneficiary to Truster or other future obligations of Truster to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Truster in favor of Beneficiary executed
<br />after this Security Instrument whether or not this Security Instrument is specifically referenced. if more than one
<br />person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances
<br />and future obligations that are given to or incurred by any one or more Trustor, or any one or more Truster and
<br />others. All future advances and other future obligations are secured by this Security Instrument even though all or
<br />part Wray not yet be advanced All Curare advances and other future obligations are secured as if made on the date of
<br />this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or
<br />Cure loans or advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All obligations Truster owes to Beneficiary, which may later arise, to the extern not prohibited by law, including, but
<br />not limited to, liabilities for overdrafts relating to an deposit account agreement between Truslor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced mid expenses incurred by Beneficiary under the terns of this
<br />Security Instrument.
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of
<br />rescission.
<br />5. PAYMENTS. 'rmstor agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />terns of the Secured Debt and this Security Instrument
<br />6, WARRANTY OF TITLE. 'Iroster warrants that Truster is or will be lawfully scimd of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of
<br />sale. Trustor also warrants that lire Property is unencumbered, cxcepL for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To prongp ly deliver to Beneficiary any notices that Trustor receives from fe ir holder.
<br />C. Not to allow any modification or extension oC, nor to request any future advances under any note or agreement
<br />secured by the lien document without Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, cncumbratces, lease payments, ground rents,
<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 antounts me due and the receipts evidencing '1'ruster's payment. Trustor will defend title to
<br />the Property against ary claims that would impair the lien of this Security instrument Trustor agrees to assign to
<br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who .supply labor
<br />or materials to maintain or i nprove the Property.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, decline the entire balance of the Secured Debt to
<br />be immediately due and payable upon the creation of, or contract for the creation of, my lien, encumbrance, transfer or sale
<br />of the Properly. This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This
<br />covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in Poll and this Security
<br />Instrument is released.
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and
<br />make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of
<br />the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the
<br />occupancy mid use will not substantially charge without Beneficiary's prior written consent Trustor will not permit any
<br />change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will noti
<br />Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a
<br />reasonable purpose for [tie inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor
<br />will in no way rely on Beneficiary's inspection.
<br />11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform or cause there to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trusters name or pay any anoun necessary for performance. Beneficiary's right to perform for
<br />Trustor shall not create an obligation to perform, and Beneficiary's failure to per Conn will not preclude Beneficiary from
<br />exercising any of Beneficiary's other rights under the law or this Security Instrument. If any construction on the Property is
<br />discontinued or not carried on in a reasonable mourner, Beneficiary may take all steps necessary to protect Beneficiary's
<br />security interest in the Property, including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grants, conveys and sells to Trustee, in trust for the
<br />benefit of Beneficiary, as additional security all the right, title and interest in and to any and all existing or future leases,
<br />subleases, and any other written or verbal agreements for the use and occupancy of any portion of the Property, including
<br />any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases ") and rents, issues
<br />and profits (all referred to as "Reins "). Trustor will promptly provide Beneficiuy with true and correct copies of all
<br />existing and future Leases. Trustor may collect, receive, enjoy mid u n
<br />se the Rents so long as Trstor is not in default under
<br />the lcrnvs of [iris Security Instrument
<br />Truster acknowledges that this assignment is perfected upon the recording of this Decd of Trust and that Beneficiary is
<br />entitled to notify any of Truster's tenants to make payment of Rents due or to become due to Beneficiary. However,
<br />Beneficiary agrees that only on default will Beneficiary notify Tnrstor mid 'truster's tenants and make demand that all
<br />future Rents be paid directly to Rencfciary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary
<br />any payment of Rents in Trustor's possession and will receive any Rents in trust for Beneficiary and will not commingle the
<br />Rents with any other funds. Any amounts collected will be applied as provided in this Security Instrument. Trustor warrants
<br />that no default exists under the Leases or any applicable landlordflenant law. Trustor also agrees to maintain and require
<br />any tenant to comply with the terms of the Leases and applicable law.
<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS, Trustor agrees to comply with the
<br />provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a
<br />planned unit development, Truster will perform all of Trustor', duties under the covenants, by -laws, or regulations of the
<br />condominium or planned writ development.
<br />S�A�TT, 1994 Bmka¢9y5gBrtid.InG.I, col, MN(1 p00397204 )Porin Ili el Nr I"I' IN'
<br />.yyi® C aa1NE1 (9ena;.n
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