200205697
<br />B. All future advance from Beneficiary m I'mster or other turn,, obligations of Truslor to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt existing now or executed 'after this Decd of Trust
<br />Whether or ,Ill this Decd of rust is specifically referred to in The evidence of debt.
<br />t:. All obligations 'fmstor owes to Beneficiary, which now exist or may later arise, to [be extent not prohibited by
<br />law, including, but not limited lo, liabilities for overdrafts refining to any deposit account agreement between
<br />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 and expenses incurred by Beneficiary under the terms of
<br />this Deed of Trust, plus interest at the highest rate in effect, from lime to lime, as provided in the Lvideace of
<br />Debt.
<br />Ii 'I insmr's performance under Cite mans of any instrument evidencing a debt by I Tatar to Beneficiary and any Deed
<br />of Trust securing, guarantying, or otherwise relating to the debt.
<br />II more than one person signs this Decd of Trust as Tmstur, each Truster agrees that this Deed of '['rust will secure all
<br />future advances and future obligations described 'above that are given to or incurred by any one or mire Trust-r. or any
<br />one or more Truster and -filers_ This Deed of Trust will non secure any other debt if Beneficiary fails, with respect to such
<br />,after debt, n, make any required disclosure about this Deed of 'Crust or if Blaftb of rescission.
<br />the right try fails (it give any required notice of
<br />5. PAYMENTS. Trusmr agrees to make all payments on the Secured Debt when due and in accordance will, tire terms of the
<br />Lvidence of Debt nr this Deed of "Try st.
<br />6. WARRAN'T'Y OF TITLE. Trainor covenants that Truster 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 Properly and warrants
<br />that the Property is unencumbered, except for encumbrances of record_
<br />7. CLAIMS AGAINST TITLE. Trost -r will pay all taxes, assesmems, liens, encumbrances, lease payments, ground rents,
<br />Utilities, and other charges relating to the Properly when due. Beneficiary may, require 'fmstor W provide m Beneficiary
<br />epics of all notice, that such am-ums are due and the receipts evidencing Traitor's payment 'Crustur will defend tide to
<br />the Properly against any claims that would funfair the [ten of this ])eN of'fmst, 'f rush[ agrees to assign to Beneficiary, as
<br />requested by Beneficiary, any rights, claims or defenses which Trusto, may have against parties who supply labor or
<br />materials to improve or maintain the Property.
<br />S. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created it prior security interest or encumbrance un the Properly slid that may have priority over this Deed
<br />Of Trost, 'fmstor agrees:
<br />A. 'I', snake :III payments when due and to perform or comply with all covenants_
<br />It 'To promplly deliver to Beneficiary any notices that 'I'urna receives from the held,[.
<br />C. Net to make -r permit any modification (IT extension of, and not m reque,d or accept ally future advances under any
<br />nom or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary consents
<br />in writing.
<br />9. DTTE ON SALE OR ENCUMBRANCE. Beacficiaty ,nay, at its option, declare the entire balance of the Secured Debt m
<br />be hnmcdiarely due and payable upon the creation It any lieu, encumbrance, transfer, ,r sale, ur conlram for any of these
<br />on the Property. however, if the Property includes Trustor's residence, this section shall he subject to the restrictions
<br />imposed by federal law (12 CT R 591), as applicable. Pill tire purpose Of this leclion, the teen "Property" also includes
<br />any interest w all or any part of the Properly_ 'This covenant shall jury with the Property and shall remain in effect mail the
<br />Secured Debt is paid in full and this Deed of Trust is released
<br />10. TRANSFER OF AN INTEREST IN TAE GRANTOR. If'I'rustor is an entity other than a natural person (such as a
<br />c- rperalinry or other organization), Beneficiary may demand immediate payment if (1) a beneficial interest in Truslor is
<br />sold or tranAcrrcd; (2) there is a change in either the identify or umnher ,f members of a partnership; or (7) there is a
<br />change in ownership of more than 25 percent ,f the voting stock of a corporation. Ifowever, Beneficiary may nil demand
<br />pay mcut in the ahovc situations if it is prohibited by law as of the date of This Deed of Trost
<br />11. ENTITY WARRANTIES AND REPRESENTATIONS. If Trusfor is an entity other than a natural person (such as a
<br />corporation or olhcr organization), Truster makes to Beneficiary, the bdiowing warranties and represe ntlion, which shall
<br />be emuinuing as long as the Secured Debt remains outslaryding;
<br />A. 'fruslOT is an entity which is duly organized and validly existing in the Trusfor's state of incorporation ((ir
<br />organization)_ Truster is in pond standing in all slate in which Trusmr transacts business_ 'Trust,,, 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 o do so in each slide in which 'T ruder Operates.
<br />B. The execution, delivery and performance, of this Deed of Trust by Truslor and the obligatory evidenced by the
<br />Evidence of Debt ate within the power of Truster, have been duly authorized, have received all necessary
<br />governmemal approval, and will nut violate any pr- vtston at law, or under of court or governmental agency .
<br />C, Other man disclosed in writing 'frustor has not chmged its name within the last urn yea, and has not used any
<br />oth ar ne
<br />()[]let trade r lichbous unr. Without Beficiary s prior wtilten consent, Trualo, does nut, and will not use any
<br />other name and will preserve its existing name, had. names and franchise until the Secured Debt is scifisfird
<br />12. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truslor will keep the Properly in good condition
<br />and make all repairs that are reasonably necessary_ 'Truslor will give licneficiary prompt notice of any I,ss or damage to
<br />the Properly. Truslor will keep (be Property free Of noxious weeds and grasses_ 'fmstor will not initiate, join hn u[ consent
<br />to any change in any private restrictive revenant, zoning ordinance or other public it private ate, join
<br />Tor con d,
<br />defining rite uses which may be made of the Property or any pan. of the Pmperly, without Beneficiary's prior wriffen's
<br />consent. Trusmr will notify Beneficiary of all demands, proceedings, claims, and scrtons against 'frustor or any ulhep
<br />owner made under law or regulation regarding use, ownership and occupancy of the Properly. Trusmr will comply with ally
<br />legal requirements and restrictums, whether public of private, with respect to the use of the Property. 'Trusmr also agree
<br />that the amore Ill the Occupancy said use will not change without Beneficiary 's prior written consent
<br />No porlust of the Properly will to removed of shed . r materially altered without R mefiriary's prior written consent"['?'
<br />except Thal 'I m for has the right to [emirvc items oC personal property comprising apart of the Property Thal become worn ,a
<br />*L nape znr c,.
<br />oe„ e, Ma room ne.c, or s' sic ,,c, J ib�K/ -z%
<br />
|