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200210775 B. All future advances front Beneficiary to Truster or other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Truster in favor of Beneficiary after this Security Ivstrameul whether of not this Security Instrument is specifically referenced If more than one person signs this Security Instrument, each Transfer agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more 'Trustor, or any one or more Truster and others. All future advances and other future affiliations 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 commitment must be agreed to in a separate writing. C. All obligations Trainor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to, labiliries for overdrafts relating to any deposit account agmernevt between Tmstur 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 Beneficiary under the semis of this Security Instrument. This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the right of rescission. 5. PAYMENTS. Trainor agrees that all payments under the Secured Debt will be paid when due and in accordance with (be terms of the Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Truster warrants that Truslor is or will be lawfully 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 Property is unencumbered, except for encumbrances of record. 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 portfolio or comply with all covenants. B. To promptly deliver to Beneficiary any notices that 'I'msfor receives from the holder. C. Not to allow any modification or extension of, am to request any future advances under any note or agreement secured by the lieu document without Beneficiary's prior written consent. 8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, least payrneula, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all mores that such amounts are due and the receipts evidencing Trastor's payment. Trustor will defend Lille to the Property against any c[ahus that would impair (he lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Bencftcimy, say rights, claims of defenses Tmstur may have against parties who supply labor or materials to mairmom or improve the Property. 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of flit 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 (l2 C.F.R. 591), as applicable. This covenant shall mn with Ore Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. lo. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property, to good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, lmpaimteut, or deterioration of the Property. Toaster will keep the Property, free of noxious weeds and grasses. Tmstur agrees that the wrote of the occupancy and use wilt not substantially change without Iiencficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant 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 al any reasonable time for the purpose of inspecting the Property- Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Properly shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection. 11. AUTHORITY TO PERFORM. If Tmstur fails to perform any duty or any of the coveuams, contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as mlomey in fact to sign Trastor's time or pay any amount necessary for performance, Beuefciary's right to perform for Truster shall not create an obligation to perfursn, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other fights under the law or this Security Instmneut If any construction on the Property is discontinued nr col carried on in a rcaam cable manner, Beneficiary may lake all steps necessary to protect Beneficiary's security muresl in the Property, including completion of the construction. 12_ ASSIGNMENT OF LEASES AND RENTS. Irifirr irrevocably assigas, grants read conveys, to '1'rus[eq in trust for the benefit of lfeneficiary as additional security alt the right, fide and interest in the following (all referred to as Property): existing or furore [cases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of the Property, including any extensions, renewals, modifications or replacements (all referred to as Leases); and rents, issues and profits (at[ referred to as Rents). If the event any Rem listed as Leases or Rents is determined to he persoal property, Phis Assignment will also be regarded as a security agreement Ttusmf will promptly provide Beneficiary with copies of the Leases and will certify these Leases are true and correct copies. The existing Leases will be provided on execution of the Assiguarieot and all ounce Leases and any other information with respect to these Leases will be provided vanediamly after they ate executed may collect, receivq enjoy and use the Reels so Lou, ns Trustor is not in default Upon default, Trustor will receive any Rents in trust for Beurefioiary, and will and commingle the Routs with any other funds- Trustor agrees that this Security Instrument is immediately effective between Trustor and Beneficiary and effective as to third parties on the recording of this Assignment As long as this Assignment is in effect, Trustor warrants and represents that no default exists under the Leases, and the parties subject to the Leases have not violated any applicable law ..[eases, licenses and landlords and levauts. 13. LEASEHOLDS CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. 'yriatar agrees to comply with the provisions of any lease if ibis Security lustmment is on a Icaschuld. If the Property includes a unit in a condomivtuni or a planned unit development, Trustor will perform all of Truster's duties under the covenants, by -laws, on regulations of the condominium or planned unit development. (page 2 of 4) i Iii ®199a6nnMnrs6ynm�s. Inc.. St ClauaM N Farm ar 11 NE llielPOrl -