Laserfiche WebLink
200208824 <br />B- All future advance., from Beneficiary to Truslor or other future obligations of Truslor to Beneficiary under any <br />promissory note. contract, guaranty, or other evidence, M debt executed by Truslor in lever of Beneficiary <br />executed afit, this Security Instrument whether ottirN IhlY'Security Inxtnrnnent is specifically referenced- If more <br />than one person signs [his Security instrument, each Tnrstor agrees that this Security Instrument will secure all <br />home advances and fitture obligations that are given to or incurred by any one or more Trustor, or any one w' <br />more Trustof and corbels. All future alliances and they Poore obligations are secured by this Security Instrument <br />even though all or part may not yet be advanced. All future advances and other future ohligations are secured as if <br />made oft the date of this Security Instrument. Notting to this Security Instrument shall constitute a coumtilment to <br />stake additional or fithue IOatls tar advances in any amount. Any such commitincnt mast be agreed to in a separate <br />writing <br />C All ollner obligations Truslor owes to Beneficiary, which may later arise, to the extent not prohibited by law, <br />including, but not limited to, liabilities for overdrafis relating to any deposit account agreement between Trustor <br />and Beneficurrv. <br />D, All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise <br />protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the <br />tarns Of Security Instrument. <br />In the event that Rcneficiary fails to provide any necessary notice of doe right of resassmn with respect to any additional <br />indebtedness secured under paragraph B of this Section, Rcneficiary waives any subsequent security interest in the <br />Trustor's principal dwelling that is created by this Security Instrument (but does not waive the security interest hot Oe <br />debt., referenced in paragraph A of this Section)_ <br />DEED 01, TRUST COVENANTS. Truster agrees that the covenants in this section are material obligations under the <br />Secured Debt and this Security Instrument, It I roster breaches any covenant in this section. Beveficiu'y may refuse to <br />nmke additional extensions of credit and reduce the credit limit. By not exercising either remedy on Iiustof s breach, <br />Benefici ary does not wa0, o Rene Bci cry's right to later consider the event a breach it it happens again. <br />Payments. Truslor agrees that all payments under the Secured Debt will be paid when due and in accordance with the <br />terms of the Secured Debt and this Security Instrument. <br />Prior Security Interests. With regard to any other mortgage. deed of trust. security agreement or other lien documcmt <br />that created n prier security interest or encumbrance en the Property, Trustor agreee to make all payments when due and <br />to perorn or comply with all covenants_ Trustor also agrees not to allow any modification or extension of, nor to <br />request any future advances under any lice or agreement secured by the lien document without Beneficiary 's prior <br />written approval. <br />Claims Against Title. I ruslor will pay all taxes (including any tax assessed to this Deed of Trust) assessments, liens, <br />ca millotnces, lease payments, ground rents_ utilities, and other charges relating to the Property when due. Beneficiary <br />mry require Irish), to provide to Reneficiary copies of all notices that such amounts we due and the receipts ewudenetng <br />h ustor's payment loustor will dcfuud title to the Property against any claims that urould impair the her of this <br />Security Instrument. Tiustot agrees to assign to Beneficiary_ as requested by Rcneficiary, any rights, claims or defenses <br />Trustor may have against parties who supply labor or materials to maintain or improve the Property. <br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and makc all <br />repairs that arc reasonably necessary. Trustor shall not commit or allow any waste impairment, or deterioration of the <br />Property. Trustor agrees that the calm of the occupancy and use will not substantially change without Beneficiary's <br />prior written consent Trustor will not permit any change in any license, restrictive covenant or easement without <br />Rcneficiary's prior written consent. Tnrstor will notify Beneficiary of all demands. proceedings, claims, and actions <br />.gaunt Imitor, old ofamy loss.>r damage to the Property. <br />Beneficiary or BeneBaary's agents may, at Beneficiary's option. enter the Property at any reasonable time for the <br />purpose of inspecting the Property. Beneficiary shall give Trusmr notice at the time of or before an inspection <br />specifying a reasonable purpose for the inspection_ Any inspecton of the Property shall be entirely for Beneficiary's <br />benefit end Truslor will in no way rely on Beneficiazti s inspection. <br />Authority to Perform. If Truslor fails to perform airy duty or any of the covenants contained in this Security <br />Instrummnt Beneficiary may, without notice, perform or cause them to he performed Truster appoints Beneficiary as <br />attorney' in tact to sign Truslor's name or pay any amount necessary for performance Beneficiary's right to perform for <br />Truslor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary <br />from exercising saty of Beneficiary's other rights under the lower this Security Instrument_ <br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease <br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit <br />development. Trustor will perform all of Trusmr's duties under the covenantq by -laws or regulations of the <br />condominium or planned unit development. <br />Condemnation. Trusmr will give Beneficiary prompt notice of any pending or threatened action, by private it public <br />entities to purchase or take any or all of the Property through condennnatine, eminent domain, or any other means. <br />Tnrstor authorizes Beneficiary to intervene in Trustor'.s name in any of the above described actions or claims l ivnor <br />assigns to Beneficiary the proceeds of an) award or claim for drainages connected with a condemnation or other taking of <br />all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this <br />Security Instrument. This assignment of proceed. is subject to the terms of airy prior mortgage. deed of west security <br />agreement nr other Gen document. <br />Insurance. Tnrstor shall keep Property insured against loss by fire, hood, thell said other hazards and risks reasonably <br />associated with One Property due to it. lypc and location. This insurance shall be maintained in the amounts and for the <br />periods that Bcneficiary requires. The insurance carrier providing the insurance shall be chosen by Truster subject to <br />Beneficiarys approval, which shall not he unreasonably withheld. If Trenton faits to maintain the coverage described <br />above. Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Pmperty <br />according to the terms of this Security Instrument <br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" <br />and, where applicable. "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination <br />of the insurance. Beneficiary shall have the right to hold the policies and renewals If Beneficiary requires lTustor shall <br />immediately give to Beneficiary all receipts of paid premiums and renewal notices_ Upon loss. Trusmr shall give <br />immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of Ions if not made immediately <br />by Tnrstor. <br />Unless otherwise agreed in writing, all insurance proceeds shall he applied to the restoration of repair of the Property or <br />to the Secured Debt, whether nu 'runt then due. al Beneficiary's option. Any application of proceeds to principal shall not <br />ex lend or posPoue the due date of the scheduled payment nor change the amount of any payment Any excess will be <br />paid to the Trustor. If the Property is acquired by Beneficiary, Trietor's riehl to any iuo rance policies and proceeds <br />resulting trom damage to the Property before Ile acquisition shall pass to Beneficiary to the extent of th : eaued -Debt <br />immediately before the acquisition. Ina J f al <br />0199J oansels Systems. Np.. $t. Cloeo. on roam call rr11 M1r ':13!99 <br />(M- L466(NE) is9osrol <br />