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200205679 _.. A" B. All forme advances from Beneficiary to Truslorlo[ other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or olhen evidence of debt executed by Truster in favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument. each Trustor agrees thut this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Truamr, or any one or more Trustor and ntha',. All fuWre advances mid other future obligations are secured by this Security Instrument even though all or part may not yet be advanced_ All Pomre advances and other future obligations are secured as if made, on the date of this Security Instrument Nothing in this Security Instrument %hall constitute a commitment to make additional or future mans or advmices in any anoint Any such commitment must be agreed to in a separate writing. Q All old i action, Tt after owes to Bensfic iarv, which may Into arise, to the extent not prohibited by law, including, but not Iintited to liabilities for o,endralls relating to mry deposit account agreement hot,ccn Trustor and Beneficiary. D- All additional sunns adymsed and expenses incurred by BcncGnuny for insuring, preserving or otherwise protecting the Property mid its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Security htshumenl_ This Security Instrument will not .segue 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 terms ofthe Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Trustor warrants that Travtor is or will be lawfully seized of the estate conveyed by this Security lnsttument and has the right to irrevocably grant, convey, and sell the Property to frustec, in trust, with power of sale. 'frusmr also warrants that the Property is unencumbered_ except for encumbrances of ea oid. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lice document that created a prior security interest or cncunnbrance on the Property, Trustor agrees: A. To make all payments when due and to perform or comply with all covenmntc R. To promptly deliver to Beneficiary any notices that Trustor receives from the holder_ C Not to allow any modification or extension of, nor to request may future advances under any note m agreement secured by the lien document without Reacfnciary's prior written consent R CLAIMS AGAINS'1 "I'I'1'LE. Truster will pay all rues, assessments, liens, encumbrances, lease payments, around rents, utilities, and other charges relating to the Property, when due Beneficiary may require Trustor to provide to Beneficimy copses of all mitt"" that such amounts are due and the receipts evidencing Tn'usva's payment Trustor wt11 defend fide to the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary. as requested by Beneficiary, any rights, claims or defenses Trustor 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 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 _R. 591), as applicable. This cevcnanl shall run with the Property and shall remain in effect until the Secured Debt is paid in full mid this Security Instrument is released. IN. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make all repairs that are reasonably accessary. Trustor shall not commit or allow any waste, impairmcal, or deterioration of the Property_ Immot will keep the Property free of noxiacs weeds and grussits. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent Trustor will not permit any change in amp license, restrictive cuyen:ad or easement without Beneficiary's Prior written consent Trustor will not,ts Beneficiary of all demands, proceedings, claims, and actions against Trustor, mad of any loss or damage In the Property. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting [lie Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying o reasonable purpose for the inspection- Any inspection of the Property shall be entirely for Beneficiary's hencfit mad Trustor will in no way rely on Beneficiary's inspection_ 11. AUTHORITY'PO PERFORM. it ustor fails to perform any duty or guy of the civereme, contained in this Security Inslrument Beneficiary may, without notice, perform or cause them to be performed. Traylor appoints Beneficiary as attorney in fact to sign Trusmr's name or pay any amount necessary for performance Beneficiay's right to platform 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 cmricd on in a reasonable manner. Beneficiary may take all steps ncecssary to protect Beneficiary's security interest in the Property, including completion of the cnnsttuction. 12. ASSIGNMENT OF LEASES AND RENTS. Tnalor irrevocably grants, convoys and sells to Trustee, in trust for the bcncfit of Beneficiary, as additional Security all the right, title and interest in and to ary and all existing or future leases, subleases, and any other written or ycrbal agreenuents for the use and occupancy of any portion of the Property, including any extensions, rcncwals, modifications or Substitutions of such agreements (all referred to as "Leases ") and rents, issues and profits (all ref'ened to as "[tents "). Trustor 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 Truster is not iu default under the term, of this Security Instrument. Trasmr acknowledges lhal this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to notify any of ltustor's tenants to make payment of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Benfcary notify Trustor and Trustor's tenants and make demand that all future Rents be paid directly to Beneficiary - On receiving notice of default, Trustor will endorse mid deliver to Beneficiary any payment of Rents fit I ustor's possey,ioa and will receive any Rents in trust for Beneficiary and will not commingle dnc Rents wide any other funds. Any amounts collected will be applied as provided in Hots Security lnstrument Trustor warrants that no default exists under the Leases or any applicable landlordhenanl law. Trustor also agrees to maintain and require any tenant to comply with the terms of the Lcuses and applicable Irv. 13. LF,ASF,HOLDS; CONDOMINIUMS, PLANNED TWIT DEVELOPMENTS. Trustor agrees to comply with the provisions of ary leaso if thus Security Instroncut is on a leasehold. If the Property includes a unit in a cnndominiurn or a planned unit development. Trustor will perform all of llustor's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. (page 2 ot� ,�r��0,esa aa,.arssvn "msiro.scm "o. ue naon�m ^nay r ".". sr -m�e ,o¢nvi _ ^n p (0 C165(NE) iseos L11 se