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200209843 B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evideee of debt executed by Truslor in favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument is specifically referenced_ If more than one person signs this Security Instrument, each Truster agrees that this Security Instrument will secure all future advances and furore ohligations that arc given tf or incurred by any one or more Truster, or any one or more Trustor and others. All future advance, and other future obligations are secured by this Security Instrument even though all or part may not yet he advanced_ All future advances and other future obligations are secured as if made on the date of this Security Instrument Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount, Any such containment must be agreed to in a separate writing_ C. All bbligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited t4 liabilities for merdmfts' relating to an deposit 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 and expenses incurred by Bcncficiary under the terns of this Security hslrument. This Security Instrument will not secure any other debt if Beneficiary tails to give any required notice of the right of rescission 5. PAYMENTS. 'truster agrees that all payments under the Secured Debt will he paid when due and in accordance with the tens of the Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Truster warrants that truster is or will be lawfitly seized of the estate conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale Trustor also warrants that the Properly is uncncumbered, except for encumbrances of iecord. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage deed of trust, security agreement or other lien document that created a prior security Interest or encumbrance on the Property, Trustor agrees' A To make all payments when due and to perform or comply with all covenants. If to proof fly deliver to Beneficiary any notices that Trustor receives from the holder C. Not to allow any modification or extension of, nor to request any hltme advances under any note or agreement secured by the lien document without Beneficiary's prior written consent_ S. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments_ liens, encumbrances, lease pavmcnts, ground rents, utilities, and other charges relating to the Properly when due. Beneficiary may require Ttustor to mm rile to Beneficiary copies of all notices that such amounts are due and the receipts evidencing I rustor's payment Trustor will defend title to the Property against any claims that would impair the lien of this Security instrument Trustor agrees to assign to Bcncficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may lime against parties who supply labor or materials N maintain or improve the Properly. 9. DII FI ON SALE OR ENCUMBRANCE. Beneficiary may, al 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, encumbrance, transfer or sale of the Property_ This right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and (his Security Instrument is released. 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION". Trustor will keep the Property in good condition and make all repairs that arc reasonably necessary. Ttustor shall not commit or allow any waste, impairment, or deterioration of the Property. Tnlstor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license restrictive covenmd or easement without Beneficiary's prior written consent. Trustor will notify, Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting the Property_ Beneficiary shall give Trustor notice at the fame of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection. 11. AL'I HORI'I Y '1'0 PERFORM. If Trustor fads to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may without notice, perform or cause, them to he performed. Trustor appoints Bcncficiary as attorney in fact to sign Trustor s narne or pay any arnount necessary for performance. Beneficiary's right to perform for Tnvslor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude beneficiary from exercising any of Beneficiary's other rights under the law m this Security Instrument If any construction on tic Property is discontinued or not carried on in a reasonable mariner. Beneficiary may take all steps necessary to protect Beneficiary's security interest in the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Tutor irrevocably grants, conveys mid sells to 'trustee, in trust for the henefit of Beneficiary, as additional Security all the right, title and interest in and to any and all existing or future leases. subleases, and any other written or verbal agreements for the use and occupancy of arty portion of t e 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')_ Trustor will promptly provide Beneficiary with true and correct copies of all existing end future Leases. Truslor may collect, receive, enjoy and use the Rents so long as Trustor is not in default under the terms of this Security Instrument Trustor acknowledges that this assignment is perfected upon the recording of this Deed of Trost and that Beneficiary is entitled to notify any of Trustor's tenants to make paymcnt of Rents due or to become due to Beneficiary. However, Beneficiary agrees that only on default will Beneficiary notify Tutor and Tiustor's tenants mid make demarid that all future Rents be paid directly to Beneficiary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary any payment of Rents in Truxter's possession and will ruccive any Rents in trust for Beneficiary and will not commingle to Rents with my other funds. Any amounts collected will be applied as provided in this Security Instrument. 'I roster warraats that an defm It exists under the Leases or mry applicable Iandloodfanant law_ Trustor also agrees to maintain and require any mnanl to comply wits the leans of the Leases and applicable law. 13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a planned unit development, Tutor will perform all of Tutors duties under the covenants, by laws. or regulations of the condominium or planned unit development. 0 Ito R, ois ar I I 41 E1, a.0 Em 11 800 ] 91 29111 FOrn RE Er RE 10'27/ 7 �� C165(NE) roeoe E2