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20020667S
<br />B. All future advances from Beneficiary to Truslor or outer future Obligations of Trustm to Beneficiary under any
<br />promissory note, contract, guaranty, of other evidence it debt executed by Truslor in favor' of Beneficiary executed
<br />after this Security Instrument whether Or not this Security Instrument is specifically refuenced_ If more than one
<br />person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future alliances
<br />and tilmre obligations that are given to or incurred by any one Or more Truslor, or any one or more Trustor and
<br />others. All future advmce, and other filmre ohligationx are secured by this Security Instrument even though all or
<br />part may not yet be advanced_ All future advances told Other future obligations are secured as if made on the date of
<br />this Security hhstrumcnt. Nothing in this SecuAp Instrument shall tonslimte a coulnutntent to make additional or
<br />future loan, m advances in any amount Any such alminument must be agreed to in a separate writing.
<br />C. All Obligations Truslor owes to Beneficiary, which Inay later arise, to the extent not prohibited by law, including, but
<br />not limited t0, liabilities' for d andrexp relating incurred env deposit account agrecmrinl , preser Truslor and Beneficiary_
<br />D. All additional Bums advanced and expenses achan ey Beneficiary for insuring_ preserving or oer (lie to protecting
<br />the Ptvperty and n, value and any other yams advanced and expenses incurred by Rcncficiay under' the [eons of this
<br />Security Inetrumcul.
<br />This Security Instrument will not secure any other debt if Reneficiary fails to give any required notice of the right of
<br />resel"moll.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in from dance with the
<br />terms Of the Secured Deft and this Security [tilt, unent.
<br />6. WARRANTY OF TITLE. Ttustor wan'ants teal Uusmr is or will be lawfully seized of the estate conveyed by this
<br />Security Instrument and has the right to urevoczfly gran, convey. and sell the Property to Trustee, in trusl, with power of
<br />sale. I iu,tor also warrants that the Property is unencumbered. except for encumhmaccs of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage. deed of trust. security agreement or outer lien
<br />docuuleul that created a prior security interest or cncumbrurce on the Properly Trusmr agrees
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />R. To promptly deliver to Beneficiary any notices that Trusmr receives from the holder_
<br />C. NOl to allow any modification or extension of, nor to remelt any future advances under any note or agreement
<br />secured by the lien documeln without Beneficiary' a prior written consent.
<br />N. CLAIMS AGAIN'S'I "I I I LE. Trusmr will pay all laves, assessments, liens, cnaunbrances, cas, payracnls, 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 amounts are due and the receipts evidencing Tin m''s payment 'frnstor will defend title to
<br />the Property against any claims that would impair the lien of this Security Instrument Truator ngnev m assign to
<br />Beneficiary, as requested by Bcneficemy, any rights. claims or defenses Truster may have against parties who supply labor
<br />or materials to maintain or improve the Property
<br />9. DUN: ON SALE OR ENCLLMBRAN'CE. Beneficiay stay, at its option, declare the entire balance of the Secured Debt to
<br />be immediately due and payable upon the creation of or contract for the creation of. any lien, encumbrance, transfer or sale
<br />of the Property . This right s subject to the restrictions imposed by federal law (12 C .R. 591), as applicable. This
<br />covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security
<br />Instrument is released
<br />f0. PROPER'I'N' CONDI'PION, ALTERATIONS AND INSPECTION. fluster will keep life Property in good condition and
<br />make all reports that arc reasonably necessary. Truster shall not commit or allow any wall¢ impairment or deterioration of
<br />file Property. Tremor will keep the Properly free of noxious weeds and grasses. Trustor agrees that the nature of the
<br />occupancy and use will and subliminally change without Beneficiary's prior written consent Trustor will not permit airy
<br />change in fill, license, restrictive covenant or easement without Beneficiary's prior written consent. Ttustor will notity
<br />Rencficiary of all demands, proceedings, claims, and actions against Truslor, and of any loss or damage to the Property _
<br />Beveficnmy Or Benefiermy', agents may, at Beneficiay's option enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall glee Truster notice at die little of or before an inspection specitying a
<br />reasonable purpose for the inspection_ Any inspedion of the Property shall be entirely for Beneficiary's her iL and Ti uslor
<br />will in no way rely on Betuf iciare s inspection.
<br />11. Al THORITY TO PERFORM. If Truslor fails to perform any duly or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform tar cause them to be performed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Tru,tef a name or pay any amount necessary for performance Beneficiary's tight hi perf enn for
<br />T "rustor,hall not create an obligation m perform. and Rene fidaryls failure to perform will not preclude Beneficary from
<br />exercising any of Beneficiary 's other rights under the law or this Security Instrument Ifany construction on the Properly is
<br />discontinued Or not carried on in a reasonable manner, Beneficiary may take all step, ncceasaty to protect Beneflciary s
<br />security interest in the Property, including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENT'S Trustor irrevocably grants, conveys and sells to Trustee. in trust for the
<br />benefit of Beneficiary, as additional security all the right, title mid 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 exonsions. rcnav ols, in dfi,diems Or suhstitutirnu of such agreements (all tefeued to a, "Lease.') and rents, rues
<br />and profits (all referred to as Rcnlx'). Ttustor will promptly provide Beneficiary with rive and correct copies of all
<br />existing and future Centex. Truslor' may collect. receive, enjoy and use the Rents so long as Trustor is not in default under
<br />the teens Of this Security Instrument
<br />frostier acknowledges that this assignment is perfected upon the recording of this Deed of Tnwl and that Beneficiary is
<br />entitled to notity eny of Trustor's tenants to make payment of Rents due or to become due to Rcnclicimy. However.
<br />Beneficiary agrees that only on default will Beneficiary notify Trustor and Truslor', eriards and stake demand that all
<br />future Rents be paid directly to Beneficiary. On receiving notice of default. Tr'ustot will endorse and deliver to Beneficiary
<br />any payment of Routs in Tneom's possession and will receive any Rents in trust for Beneficiary and will nut commingle the
<br />Reins with env other funds. Any unounts collected will be applied as provided in this Security Instrument. Tractor warrants
<br />that no default exists under the Leases Or any applicable landlordhcnsnt law. Trusmr 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 UNII' DEVELOPMENTS. Toaster agrees to comply with the
<br />provisions of any lease if this Security hlslrmnenl is on a leasehold. It the Property includes a unit in a condominium or a
<br />planned unit dcvclopeacml. Truslor will perform all of I unstor's duties under the covenants, by -laws, or regulations of the
<br />eta dominiuin of planned unit development.
<br />(page 2 of 4)
<br />0 111, o ,1... SysLCns. 11, 11 oas .W ,l Ill "11111, 1111 rl11 NI 111' 11
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