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<br />B. All future adcwtces film Beneficiary to Trustor or other future obligations of Tiustor to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br />after this Security lo.strwncnt whether or not this Sccurily Instrument is specifically referenced. 11 more than one
<br />person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances
<br />and future obligations that ere given to or incurred by any one or more Tmstm, or any one m more Trustor and
<br />ethers. All future advances end other future obligations rue secured by this Security Instrument even though all or
<br />part may not yet be advanced. All tumre advames and other thhn'e obligations are secured as if made on the date of
<br />this Security Instrument Nothing in this Security Instrument shall constitute a commitment to make additional or
<br />future loans or advances in any mirror. Any such commitment must be agreed to in a separate writing.
<br />C. All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law. including, but
<br />not battled to liabilities for overdrafts relating to any deposit account agreement between Zrustm and Beneficiary_
<br />D. All additional sins advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br />the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this
<br />Security 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 wider the Secured Debt will be paid when dote and in accordance with the
<br />terms of the Secured Debt and this Securitv Instrument _
<br />fi. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be la idly .seized of the estate conweyed 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_ I imswr also warrants Ihal the Property is unencumhered_ except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security win cement w other lien
<br />document that created a prior security interest or encumbrance on the Property, Tmstor agrees"
<br />A. To make all payments when tine and to perform or comply with all covenants.
<br />B. To prourplly deliver to Beneficiary any notices that Trustor receives fiom the holder
<br />C Nat to allow any modiGcatiou or eslension of, nor to request any future ads -ances under any note or agreement
<br />secured by the lien document without Beneficiary's prior written consent
<br />R. CLAIMS AGAINS'P TITLE. 'fruslor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property when due- Rencficiary may require Trustor to provide to Beneficiary
<br />copies of all notices flat such amounts are due and the receipts evidencing Tirana's payment Trustor will defend title to
<br />the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as requested by Rcueficiary. any rights, claims or defenses Trustor may have against parties who supply labor
<br />or rtalenals to n tairmin or improve the Property.
<br />9. DUE ON SALE OR ENCUMBRANCE. Rencficiary may, at its option, declare the entire balance of the Secured Debt to
<br />be immediately due and payable upon the creation of or contract for the creation of any lien, encumbrance, transfer or sale
<br />of the Property. 'This right is subject to the restrictions imposed by federal law (12 CP_R_ 591), as applicable. 'Ibis
<br />covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security
<br />Instrument is released.
<br />11). PROPE R'1'Y CON III 'I ION, ACPERATIONS AND INSPECTION. Trustor will keep the Property in good condition and
<br />make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment. or deterioration of
<br />the Property. Tiustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the
<br />occupancy and use will not substantially change without Beneficiary m
<br />'s prior written consent Tnsr will not permit any
<br />change in any license, restrictive covenant ur easement without Beneficiary's prior written consent Trustor will notify
<br />Beneficiary of all demands, proceedings, claims, and actions against I rust,,, and orally loss or damage to the Property
<br />Beneficiary or Bcnchciwy's agents rimy, at Beneficiay's option, enter the Property of any reasonable time for the purpose
<br />of inspecting the Property . Beneficiary shall give - liustor notice at the time of of before an inspection specifying a
<br />reasonahle purpose for the inspection. Airy inspection of Hie Property shall be entirely for Beneficiary's benefit and Trustor
<br />will in ao way rely un Beneficiary's inspection.
<br />11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty of any of the covenants contained in this Security
<br />hstrumeuL Beneficiary may, without notice, perform of cause them to he performed. Trustor appoints Beneficiary as
<br />attorney in fact In sign Trustor',, rune or pay airy wnounl necessary for performance. Beneficiay's right to perform for
<br />Trustor shall not create am obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from
<br />exercising any of Beneficiary's other rights under file law or this Security Instrumcm. If any construction on the Property is
<br />deacontimed or not earned on in a rnsmrable insane. Beneficiary uray lake all steps necessary to protect Beneficiary's
<br />security interest in the Property including completion of the construction
<br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grants, coneys and sells to Trustee, in trust for the
<br />benefit of Berefictary. as additional securty all the right, title and interest in and to any and Al exist in g or futur e leases,
<br />subleases, and any other written or verbal agrccmcnls for the use and occupancv of any portion of the Property, including
<br />any extensions, renewals, nnodif irons or substitutions of such agreements (all referred to as "Leases') and rents, issues
<br />and profits (all referred to as 'Items' 'I. Trustor will promptly provide Beneficiary with true and correct copies of all
<br />existing and future f cases. Trustor may collect, occeivc, enjoy and use the Rents so long as Trustor is not in de hard t under
<br />the terms of this Security Instrument.
<br />Trustor acknowledges that this assignment is perfected upon the recording of this Deed of Trust aid that Beneficiary is
<br />entitled to notify any of Trustor's tenants to make payment of Rents due w to become due to Beneficiary- However,
<br />Beneficiary agrees that only on default will Beneficemy notify Trustor and Tiustor's lenants and make demand that all
<br />hmue Rents bellied directly to Rencficiary_ On receiving notice of default, Trustor will endorse and deliver to Beneficiary
<br />any payment of Rcnts i,, Trustor's possession and will rccdvc any Renta in bust fur Beneficiary and will not commingle the
<br />Rents with any other funds. Any anewits collected will be applied as provided in this Security Instrument. Trustor warrants
<br />that no default exists order the Leases or any applicable landlord /tenant law. Trustor also agrees to maintain and require
<br />any tenant to Comply with the terns of the Leases and applicable law.
<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the
<br />provisions of any (ease if this Sccurily hoatrumenl is on a leasehold. If the Property includes a unit in a en ufwmri sum or a
<br />planned unit development Trustor will perform all of Tiustw's duties under the covenants, by -laws. sir regulations of the
<br />condominium or planned unit development.
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