Laserfiche WebLink
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 />