|
200207480
<br />R. All future advance, it Beiefictap to Tntsml' I other tewie obhganon, of Troshhr to Rene6ciary under any
<br />plonlisso1v note, contract, guaranty_ )I other eridenec of ddtl ,ee.ted by lru,at a it favor of Benetinnry
<br />executer] after this Securly Inslrunsil wllether or not this Security Instrument is specifically referenced . it nim'e
<br />than one person sIgus Ill's Seanit, Inenunieit each Trustor agrees that this Securiy Inslrinmcnt will secure all
<br />future advances and Italic obligations that arc given to of incurred by Tail one or i ate Trustor. or any one of
<br />more Trustor and others. All fulure adcauc„ and other Nature obligations are senlred by hhhe `,"Lalty Insi'ommnt
<br />even though all or part ,hay not vet be aeh'anced- All furore advances and other future obligations arc accurcd as it
<br />,lade oo the date of hits Security In,tmmenf. Nothing in thy, Se,ur'IN hotlUIl1e11I shall urnlµ,LlUte a ahmmtnmeot to
<br />make add'tinnzl or future mans ur adcauces in any amount ,1ny such commmitnican must he agreed m inn .separate
<br />unit'nn-
<br />f'. All other obligations pastor owes to Rencfieo,ly. which may lam, ari,e, to the extent not pnhhthtled by lain,
<br />Including_ hot not Iinittell lok liabilities foe overdrafts relating to any deposit account agreement benvecn Trustor
<br />nn I Ren,lictarv.
<br />D. U additional sums advanced and expenses incurred by Beietuary for insuring. preserving of othcnyuc
<br />pone, nw, the Property and its value and any otter runts odbtmced and expel ses incurred by Reoeficiary under the
<br />tunas ofIN's $„linty Instrument
<br />IT) the evamo that Rcncfictury falls to provide an) necessaiy notice of light of resctsston etth respect to any additional
<br />indebtedieas secured Linder paragraph B of this Section Rcockciary µtaws airy subsequent sccunp interest in the
<br />I eistor" prtnapzl dwell'n0 that ie cleated by this Security Instrument (but does not waive the security interest for the
<br />debts rdl:rcuced li pamgraph A ot'this Section).
<br />s. DEED ObI REST CONS EN'ANTS, l7uslor agrees that the covenants in this .section are metertnl ohtigm,ons under the
<br />Secured Debt and this Securily lhrenunhenf. If'fmstor breaches any covenant In the section Bencfstary may rcfus, to
<br />make additional extensions of credit and educe the credit limit. IN not amrcising eitliet remedy on I ntstoi s breach.
<br />Benclic'oI)' does not wall' I,elleficiary's right to lam, consider The event a breach if it happens again.
<br />Payment. TILI,Iel ogees that all payments under the Secured Dehr twill be paid ohen duc aid ti accordance tcith the
<br />f'rina of the Secured Debt and IhI, Seeur't Inatrunki
<br />Prior Seenrin Intera,t. Will, regard li Tail other mortgage, decd of List, Securtty agreeman or Mier lien dncimcnt
<br />that ,"it'd a prior revueft, li rest or encumbrance nth the PtopeTly rtil to agree., to make all pnymed,s ,chef due and
<br />to perform or nvnply tv,b all covenants. Trustor also agrees nol In allow any modtlie non of extension of nor to
<br />request mil Hook, advances under any note of agteenhent secured be the ]ten docunant kithoia Beneficmlv'.s prior
<br />"mien uppracal.
<br />Claim, Against 'f ill,. Trustor will pay all taxes (including any tar assessed to this Deed of Trust), a.; caimans_ liens_
<br />ahcuinhonives, lease payments, ground rents, utilities, and other charges relating to the Properly whmt due. Beneficiary
<br />I require law o, to provide to Rencfici liv cop' w of all notices that such amounts arc due and the receipts evidencing
<br />Ito,tots payment. Trustor will lefcid itIJe to the Property against any data,, that ,00Id inpir the lien of this
<br />S,cur'ty IILIILaienl- Tlustoa agrees to 311101 to Beneficiaht as requested hp Renefictaty. anp right,. claiiis or defenses
<br />Tnu't,, may have against parties who .supply lahor nr malcnals to maintaii of improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all
<br />repao, that arc r alonably lie eswry. Tusto, shall not commit or allow env waste_ irip a'rmcnt, or dctcn"'Llhon of the
<br />Property- 1 kit ,agrees that the nano of the occupancy and use sell art subsmntinlly change without Beneh"ary's
<br />prior wnllen ih,Cnl_ Truslor will not p rmit any Chang in env license. resn'ictiyc ' ,cant or easement without
<br />Beiielmilp%s prior he11tteli consent_ I ostol will notify fienef¢ialy of all demand,. proceedings, daiiii , and actions
<br />agatist llwmr_ and of any toes or damage to the Properly.
<br />Benefic IT' n' or R aefic'ar)s, agcnls mac. nt Renefic,,,W ., option. enter the Ptopert,, at ant ot"oniblc I.roc fbr the
<br />purpose nf'nspecfing the Property. Benefica v shall glee 'frutoi notice at the nine of nr hefm'e an inspection
<br />,pccifymg a oca,onable purpose Ilv' the o"pedmi. Any iI,,p,,t'm. of the Property shall he entirely hi' Beneticiarv's
<br />benelit and l7oUol wall In ea way rely on Bcic Retails, inspection.
<br />Authm'im to Perform. ll' T ustor fi'Is to perform Lao of any of the 101cnmms contained ti this Securtty
<br />instnmsnt_ Rcncliciury may, withotil unit,,, pcdlvm or cause them to be performed. 111MOt' app000l Bencfic'ary a,
<br />alloutey to fact to sign l7mlor's moue or pay any' annnmt lle.eesary fix performance. Basfictalt's right to perform for
<br />Trustor shall iot create an ohligatioo hh perform. and ficamGcuul's failure to perilvnh otll not prelude Beneficiary
<br />loom e,,,,1.ing any of BencBdap' s olliet r'ghts under the la, or this Se,ewy Instrument
<br />Leasehold,, ('ondominiom,; Planned Unit Developments. ]tumor agrees m cOhlhplp with the pnroisions of airy (case
<br />if this Securily Instnhmcnt a on a leasehold. It the Properly includes a uiil ii It condominium of a planned unit
<br />decelopmeof 'I ,otor will pertain all city Tiu,tor's duties tinder the cotenants_ by -laws, nr regulat'nns of the
<br />condoiniituin oa planned unit development.
<br />Condenmation. Trustor wall gi¢ Rcncfhcia l prompt notice of any pending or threelened action, by private or public
<br />cntincre to pmelliT of take any of all of the Property through coodemnatmti . eaiincnt domain nr nny other mean,.
<br />Truslor at ... o, Benetemr, In inrervene'n T rustor's name it, aiy of fire above de,wbed Lefton, ,, datin, lltistor
<br />assigns to Beneficiary the pureed, of any marl of diiim ft, danhogcs connected with a condrnmatmn or other taking of
<br />:Ill or any part of file Plopetty. Such proceeds shall he considered payments and will he applied as pniddal in this
<br />S,cunty In11r1hnent. This assagnmeof of proceeds is subje,l to the Icons of airy prior ooilg,Igc. decd of tenet. security
<br />agicemeut a other heir dncumcnl.
<br />Insurance Trustor ,shall keep Property insured agairI,T Ines by fire flood_ thet end othcl hazard, aid asks masohmbly
<br />associated wtlh the Propety (file to ils type sad heILIO11. '[his tisLtimwe shall be nwintatned in the amount, and fa the
<br />period,, that RenelmkIl, requires. The tnsurwice carrier po),ahog the insurance shall he chosen by Trustor Tuhle,t to
<br />Beiefciary's approval, which shall not he Lill reasrnhah ly withheld. It Truslor fail, to maintain the coverage described
<br />above, licoefaary Inav_ at Reoeficiary's optioi. obtain coveage to protect Benettcinry', rights in the Property
<br />acuordtng to the tells of this 5ccurtt1 Imtmment.
<br />411 mati"n"s pol,", uicl Ien,wLS vhall he noceptahle to Bcnmtieial, and shall inducts IT vIaiId,,d "tall gage clause"
<br />and. where applicahlc. "loss payer clause." Truslor shall tnonedii tcly notify Benekcia s of cnncclletton or termination
<br />of tin on,u,ao,e Bencttdary shall have the right to hold the pohL ies and renewals_ It Rcn,l ,oke, rcquocv. Trustor Shull
<br />immediately Dive to Benehaary all receipts of paid premiums and renmval notices_ I'poo loss, Trustor shall Bice
<br />'nnncd'ale noi'cc to the insurance aul,m and Bencficlary. Ben,fmary may make b000t of loss if not mode imniediarely
<br />IT, Trust or.
<br />I ;ilcss otherwise agreed in tenting, all insurance pmeeed.s shall he applied to the restoration or repair of the Properly or
<br />to the Secured Debt. whelhe, nr ILA then duc_ at Benefictmy's option. Am application of proceeds to prtu,:t.I shall not
<br />extend nr postpone the duc date of Ilia scheduled paYtrtellt 1101 chnng, the amount of any pnylneat Am ex rss wall be
<br />paid I h [lie l iustia If the 1 a 1p,Ifv is acquied by Beieticxlt, husloi s right to an) insurance pal a vhd proceeds
<br />re lilting fr nm doh hge t the N opelty heft e the ocquisitiln shall pass t Rc eliciary to the extent o th S used Debt
<br />I "I ucly ,1r— ,,h ngmvtiui
<br />(pqc 2 of 4)
<br />s5(NE) s a „ .,.c "" arc o?.ruo sc 1 9
<br />- C6651NE) 9,a>i?
<br />e
<br />
|