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<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br />prcnnissnry note, contract, guaranty, or other evidence of debt cxmula by Trustor in favor of Beneficiary executed
<br />after (his Smuri(y Instrument whistler or not this Smurily Instrument is specifically referenced. If more than one
<br />person signs this Smwit Instrument, tech Trusmr agrms that this Sa;urrty Instrument will secure all fuure advances
<br />and future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor and
<br />others. All future advances and other future obligations are secured by (his Secwhy Instrument even though all or
<br />part may not yet be advanced. All future advances and other forme nb gallons arc scoured as if made on the date of
<br />this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to hake additional or
<br />future loa0s or advances in any amount Any such omoural ,t must be agreed to in a sseepparate writing.
<br />C. All obligations Trustor owes to Beneficiary, which may later arise, to the extent tuLprohd'oud by law, including, but
<br />not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustorand Beneficiary.
<br />D. All additional sums advanced and cxpensio mcurrcd by Bcncf my fur ensuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced and expenses incurred by ener Day ander the terms of this
<br />Smurily Instrument.
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of
<br />rescission.
<br />5. PAYMENTS. Trustor agrees that all payments under the Sawed Debt will be paid when due and in accordance with the
<br />terms of the Secured Debt and this Security Instrument.
<br />6. WARRANTY OF TITLE. Truslor warrants that Trustor is or will be lawfully seized of the estate conveyed by this
<br />Security Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of
<br />sale. Truslor also warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees:
<br />A. To make all payments when due and to peform or comply with all covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to allow, any modification or extension of, nor to request any future advances under any note or agreement
<br />secured by the lien document without Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property what due. Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to
<br />the Properly against ony claims that would impair the lion of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as request by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply abnr
<br />or materials to maintain or improve the Property.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to
<br />be immediately due and Payable uppoon the creation of, or contract for the creation of, any lien, encumbrance, transfer or aide
<br />of the Prot,crly. This right is subjcel lu the restrictions imposed by federal law (12 C.F.R. 591) as applicable. This
<br />covenant shhall run with the Property and shall remain in effect mud the Secured Debt is paid in ull aid this Security
<br />Instrument is released.
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truslor will keep the Property in gcx)d condition and
<br />make all repairs that are reasonably necessary. Truslor shall not commit or allow any waste, impairment, or deterioration of
<br />the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor a ees that the nature of the
<br />occupancy and use will not substantially change without Beneficiary's prior written consent. T,ruslor will not permit an
<br />change in any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify
<br />Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property.
<br />Beneficiary or Bencriciary's agents may, at Beneficiar y s option, enter the Property at any reasonable time for the purpose
<br />of inspecting the Property. Beneficiary shall give Truslor notice at the time of or before an inspection specifTying a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and raster
<br />will in no way rely on Be cite ary's inapmWm.
<br />11. AUTHORITY TO PERFORM. If 'I fails to perform any duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform or cause them to be pefformed. Trustor appoints Beneficiary as
<br />attorney in fact to sign Trustor's name or pay any amount necessary for per onname. Beneficiary s right to pperform for
<br />Truslor shall not create an obligation to perform, and Beneficiary s failure to perform will not preclude Ratefcciary from
<br />exercising any of Beneficiary's other rights and er the law or this Sa;urity Instrument. If any construction on the Property is
<br />discontinued or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary's
<br />security interest in the Properly, including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevucably grants, conveys and sells to Trustee, in trust for the
<br />benefit of Beneficiary, as additional security all the right, title and interest in and to any and all existing or future leases,
<br />subleases, and any other written or ver bat agreements for the use and occupancy of any portion of the Property, including
<br />any extensions, renewals, modifications or substitutions of such agreements (all refarad to as "Leases ") and rents, issues
<br />and Profits (all referred to as "Rents "). Trustor will promptly provide Beneficiary with true and correct coppies of all
<br />existing and future Leases. Trustor may collect, receive, enjoy and use the Rents so long as Trustor is not in defaull under
<br />the terms of this Security Instrument.
<br />Trustor acknowledges [hat this assignment is perfected upon the recording of this Geed of Trust and that Beneficiary is
<br />entittcd In notify any of Trustor's tenants to make payment of Rents due or to become due to Benficiary . However,
<br />Beneficiary agrees that only on def at will Beneficiary notify Truslor and Trustor's tenants and make demand that all
<br />future Rents be paid directly to Heneficiary. On receiving notice of default, Trustor will endorse and deliver to Beneficiary
<br />any payment of Rents in Tnlslor's possession and will receive any Rents in [rust for Beneficiary and will nut commingle the
<br />Rents with any other Fonda Any amounts collected will be applied as provided in this Security Instrument Truslor warrants
<br />[hat no default exists under the Leases or any applicable landlord /tenant law. Trustor also agrms (o maintain and require
<br />any tenant to comply with the terms of the Leases and applicable law.
<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Truslor agrees to corn ly with the
<br />provisions of any lease if this Security Instrument is on a leasehold. If the Properly includes a unit in a condominium or a
<br />planned unit development, 'Truslor will perform all of Trustor's duties under the covenants, by -laws, or regulations of the
<br />condominium or planned unit development.
<br />(page 2 or 4)
<br />Q 1111 Y.— 1,. e— hc.. 61. Clmd AN 'I 80011782U 11 ism RE DYNE 1Oo7N7
<br />-CI 66(NE) 0800).02
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