200210507
<br />B. All future advances from Beneficiary to Trustor or other future obligations of 'ltustor to Beneficiary under any
<br />promissorryy note, contract, guaranty, or other evidence of debt executed by Truster in favor of Beneficiary after this
<br />Security Lustmment whether or not this Security Instrument is specifically referenced. If more than one person signs
<br />this Security Lnstrumc 1, each Truslor a ices that [his Security Pnstrumcn[ will secure all future advances and future
<br />obligations that are given to or incurred by any one or more Truster, or any one or more Trustor and others. All
<br />future advances and other future obligations are secured by this Security Instrument even though all or part may not
<br />met be advanced. AIL future advances and other future obligations are secured as if made on the date of this Security
<br />truneut. Nothing in this Security latrument shall constitute a connnitmient N make additional or future loans or
<br />advances in any amount Any such commitment must be agreed to in a separate writing.
<br />C. Alt other obligations Trustor owes to Beneficiary, which may later arise, in the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafts relating to any deposit account agweme d between Trustor and
<br />Beneficiary .
<br />D. All additional suns advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any at er sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security Instrument.
<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional
<br />indebtedness secured under paragraph R of Lhis Scelioq Beneficiary waives any subsequent security interest in the
<br />Tres in a prince al dwelling that is created by this Security Instrument (hut does not waive the security interest for the
<br />debts reference in paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Tmstor agrees that the covenants in this section are material obligations under the
<br />Secured Debt sad this Se;miLy Instrument. If Tmstor hrcachcs any covenant in this section, Beneficiary may refuse to
<br />make additional extensions a credit and reduce the credit limit y nil exercising either remedy on roster's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again.
<br />Payments. Trustor aggrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br />terms of the Secured ])clot and this Security Inslrummit.
<br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document that
<br />created a prior security interest or encumbrance on the Property, 'Trustor agrees to make all payments when due and to
<br />perform or comply with all covenants. Trustor also agrees not N allow any nmdificalion or extension of, nor to request
<br />any future advances under any note or agreement secured by the lien document without Beneficiary's prior written
<br />approval.
<br />Claims Against Title. 't rustor will pay all taxes (including any tax assessed to this Deed of Trust), assessmwls, liens,
<br />encumbrances, Lease payments, ground 'eats, utilities, and other charges relating to the Property when due. Beneficiary
<br />may [ee�ui 11 Truster N provide to Beneficiary copies of all rakes that such amounts are due and the receipts evidencing
<br />Truster s paymein. Trustor will defend title In the Property against any claims that would impair the lien of this Security
<br />Instrument Tcastor agrees to assign to Beneficiary, as requested by Beaeftciary, any rights, claims or defences Trustor
<br />may have against parties who supply labor or materials to maintain or unprove the Properly.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that are reasonably necessary . Truster shall not commit or allow any waste, impairment, or deterioration of the Property.
<br />Trustor ag ees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written
<br />consent. 'Tmstor will not permit any charge in any license, resnictive covenant or caserman without Beneficiary's prior
<br />written consent. Tmstor will notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Beneficiary s option, enter the Property at any reasonable tiure fur the urpisc
<br />of inspecting the Property. Beneficiary shall give Tmstor notice at the time of or before an mspectinn Spec mg a
<br />reasonable purpose for the inspection. Any inspection of the Property shall he entirely for Beneficiary's benefit and
<br />Trustor will in no way rely on Beneficiary's inspection.
<br />Authority to Perform. if Tmstor fails to perform any duty or any of the covenants contained in this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to be performed. Truster appoints Bern iciary as attorney in fact
<br />N sign Trust r s noun, or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not
<br />create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Truster agrees to comply with the previsions of anyy lease if
<br />this Security Instrument is on a leasehold. If the Property includes a unit in a comdumminm or a planned unit deveaopment,
<br />Trustor will perform all of Trustor's duties under the covenants, by -laws, or regulations of the condominium or planned
<br />unit development.
<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br />entities to purchase or take any or all of the Property through condemnation, emimeat domain, or any other means. '1 rustor
<br />authorizes Beneficiary to intervene in Tmstor's name in any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />part m
<br />of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />Instrument 'Phis assignmtent of proceeds is subject Lo the arras of any prior mortgage, deed of trust, security agreement or
<br />other lieu document.
<br />Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably
<br />associated with the Property due to its tyype and location. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Truslor requires pursuant to the preceding seaenee can change during the retain of
<br />the loan. The insurance earner providing� the insurance shall be chosen by 'Tmstor subject to Beneficiaryry s appproval, which
<br />shall not be unreasonably withheld. [f-'1'ms[o, fails to maintain the coverage described above, Beuefda y may, aL
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the teens of this Security
<br />Instrument.
<br />All insurance policies and renewals shall he acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "Ines payee clause.' Trustor shall immediately notify Beneficiary of cancellation of termination of [be
<br />insurance Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall
<br />immediately give to Beneficiary all receipts of paid lineations and renewal notices. Ilpon loss, Trustor shall give
<br />immediate notice to the insurance w.rricr and Benehciary_ Beneficiary may make proof of loss if not made immediately by
<br />Trustor.
<br />Unless otherwise agreed in writing, all insurance pproceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Trustor. If We Property is acquired by Beneficiary , I roster's tigght to any insurance policies and pproceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beaeficiary to the extent ofpthe Secured Dchi immediately
<br />before the acquisition.
<br />'� (pe9e 10{ al
<br />c
<br />Eµcr�" © 1Y iU,nke1Sym ..,law -. SL GIOUd MN From OLG nEDT NE 1M022OJ
<br />
|