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200206971 R All future advances from Bcncfieiary to 'frustor or other future obligations of truster to Beneficiary under my pronussory note, contract, guaranty, or other evidence of doht executed by'Imstor in favor of Beneficiary executed after this Savorily Instrument whedrer Or not this Senility Instrument is specifically refwenecd. If more than one person Signs this Security Instrument, each Trustnr agrees that this Security Instrument will secure all future advances and future obligations that arc even to or incurred by sary one or more Tmstor, or Say one r re Truster nod mines. , All furore advances and other future obligations are secured by this Security hisirumenteven though all Or part may nut )at be advanced All future advances and other future obligations are secured as if made on the dale of this Security Instrument. Nothing in this Security Instrument mall constitute a commitment to make additional or future losahs or advances in my amount Any such commitment must be agreed to In a separate writing. C. All obligations Tmstor owes to beneficary, which may later arise, to the extern not prohibited by law, including, but t limited m, liabilities for overdrafts relating to an deMit account agreement 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 sums advanced mid expenses incurred by Beneficiary under the terms Of tits Security Instrument. This Security Instrument will not secure any Other debt if Bnuefichry 'Wile to give any required notice of the right Of rescission. 5. PAYMENTS. Tmstor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument 6. WARRANTV OF TITLE. Tmstor warrants that Truster is or will be lawfully seized of the estate conveyed by this Security Iran court and has the right to irreversibly grant, convey, and sell the Property la Trustee, in trust, with power of sale. 'I rustor also warrants that the Property is unencumbered, except for encumbrances of record. 1. PRIOR SF.CIIR1'IY INTERESTS. With regard to any other rimairge, dead of trust, security ab eement or other lien document that created a prior security interest or encumbrance on the Property, Truster Stands. A. To make all payments when doe and to perform or comply with all coveran ts. B. To prom❑fly deliver to Beneficiary any notces that Tmstor receives from the holder. C Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by fie lien document without Beneficiary's prior written consent. S. CLAIMS AGAINST TH LPI. Muster will pay all taxes, assessments. liens, encumbrances, lease payments, ground ones utilities, anal Other charges rotating to the Properly when due, 6eneficimy may require Trusmr to provide to Beneficiary pies of all notices that such amounts are due and the receipts evidencing' I'rusmr's payment Trustnr will defnd title to the Poopinty agaijut any claims tat would impair air th lien of this Security Inutrumsent. T ustir agrees to asSign to Rancorous, as requested by Bmrcl siary, any rights, claims or defenses Truslor may have against parties who supply labor III 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, encurnbrance, )ranter m Sale of the Pro very, This right is subject to the restrictions ran used by federal law (12 QER- 591), as applicable. this covenual shall run with the Property and call remain in eTRmt until the Secured Debt is paid in full and this Security Instrument is released. Ill. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustnr will keep the Property in good condition and make all nations that are reasonably nuevsary_ Pastor shall not commit or allow any waste, impairment, or deammnon of the Property . 'Irustor will key the Property free of noxious weals and guises 'Pastor eta ees that the nature of the Occupancy and use will not substantially change without Aeneficisada pilot written crucial, Tmstor will not permit any change in my license, obbictive covenant or easement without Beneficiary's prior written convent. Tmstor will notify beneficiary Of all demands, proceedings, claims, and actions against Tmstor, and of any loss or damage to the PropwTy. Beneficiary or Beneficiary's agents may, at Rencficiart' a option, enter the Properly at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Trusmr notice at the time of or before an inspection specifying a unable purpose for the inspection Any inspection of the Property sill be entirely for Beneficiary's benefit and Locator will in no way rely on Bmefidar)1 s IMPeoticur. IL AUTHORITY '1'0 PERFORM. If Truster failf to perform any duty or any of the covenants contained in this Security Instrument beneficiary not without notice, perfunn of cause them to no performed. Tristan appoints Beneficiary s Iuorncy in fact to sign Trustnn s name or pay any amount necavaary for performance. Beneficiary's right to verfonn for r Truste shall not create an obligation to perform, curd Beneficiary's failure to perform will not preclude Beneficiary from 'sing any of Beneficiary's other rights under die law sir this Security InSVmment If any construction on the Property is xcch. Alumi interest or not carried on in a including om moon o Beneficiary may area all steps necessary to protect Benefidary's .musty ivmrrst in the Progeny, incuding complctian of the construction 12. ASSIGNMENT OF LEASES AND RENTS. Tmstor irrevocably grans, Conveys and sells to q'mtice, in trust for the benefit of Beneficiary, as additional security all the right, title cod interest in and to shy and all existing or future losses, subleases, and any other written or verbal agreements for the use and Occupancy of my portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases ") and rents, issues and profits (all referred to as "Rents "). Truster will promptly provide Beneficiary with Ise and correct dppi of all xrshng and furore bases. Tmto sr may collect, receive, enjoy and use the Rents so long as Tmstor is not in default under the bans of this Security Instrument. Trustnr acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Rerheficiary is entitled to notify any of'I'mstov's tenants In make payment of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Pncficiary notify Tmstor and 'tmstov's cantina; and make demand that all f arc Rents be paid tiredly to Iiurmficiary. On receiving nonce of default Tmstor will endorse and delisrr to Beneficiary wry payment of Rents in Trus m's possession and will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other fiords. Any amounts collected will be applied as provided in this Security Isttument. Toaster warrants that no default exists acres the Leases or any applicable landlord tern law. Tmstor also agrees to maintain and require any reliant to comply with the terms of the Lcams said applicable taw. Id. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Tmstor agrees to comply with the provisions of any lease O this Security Instrument is on n leasehold. If the Pmperry Includes audit in a eondmnimunn err a planned unit development, Tirana will perfomh Wh Of iYusted s duties under die covenants, by -laws, or regulations of the con lmol a lal or planned unit development. ti/ (pge 2 rl d) Q1 E1 6 .1 n «n_,11111 n....h cow vvcaoo- ssraup ao,. ism tit it., (WC 1551NEI ryeau),t