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2002134IG6 B. All future advances from Beneficiary to Truslnr er other future obligations of 'truster to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary after this Security Instrmnerd whether nr not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Trusmr, or any one or more Trustor and others. All future advances and other future obligations are secured by this Security Instrument even though all or pan may not yet be advanced. All future advances and other future obligations are severed 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 conuninnent must be agreed to in a separate writing. C All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibimd by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Truster and Beneficiary. D_All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting lire Property and its value and any other stairs advanced and expenses incurred by Beneficiary under the terms 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. 'Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terns of the Secured Debt and this Security Instrument. 6. WARRANTY OF TITLE. Trustor warrants that Trustor is ur will he 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 oa the Property, Trustor agrees A. To make all payments when due and to pedorra or comply with all covenants. B. to promptly deliver to Beneficiary any notices that Tmstor receives from the holder. C Not m allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien docernent without Beneficiary's prior written consent. S. CLAIMS AGAINST TITLE. 'Prosier will pay all taxes, assessments, liens, encumbrances, lease payrents, ground rears, utilities, and other charges relating U the Propeny when due. Beneficiary may require 'Tmstor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Trustnr's payment Trustor will defend title to the Property against any claims that would impair the lien of this Security Instmmear. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, clainhs or defenses Trustor may have against parties who supply labor or materials to maintain or improve the Property. 9. DIE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt b, 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 (12 C -F -R. 591), as applicable. 'Phis covenant shall tun with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Ins[tuntent is released. 10. PROPERTY CONDMON, ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Truslnr shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor wilt not permit any change in any license, restrictive covenant or casement without Beneficiary's prior written cement. Tmstor 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 at any reasonable time for the purpose of inspecting the Property_ Beneficiary shall give 'Tmstor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and 'Tmstor will in no way rely on Beneficiary's inspection. H. AUTHORITY TO PERFORM. If 'Tmstor fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Tmstor appoints Beneficiary as attorney in fact to sign Irustor's name of pay any amount necessary for performance. Beneficiary's right in perform for Trustor shall nor create an obligation to perform, and Beneficiary's failure to perfnmm will net preclude Beneficiary from exercising any of Beneficiary's ether right, under the law or this Security Instrument. If any construction on the Property is disc enlinuW or not carried on in a reasonable manner, Beneficiary may take all steps necessary to protect Beneficiary's security interest m the Property, including completion of the construction. 12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably assigns, grams and conveys, to '1'mstee, in trust for time benefit of Beneficiary as additional security all the right, title and interest in the following (all referred to as Property): existing or future leases, 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 Lean ); and rents, issues and profits (all referred to as Rears). In the event any item listed as Leases or Rears is determined to be personal property, this Assignment will also be regarded as a security agreement. Trustor 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 Assignment, and all future Leases and any other infomhatien with respect to these Leases will be provided immediately after they are executed. Trustor may collect, receive, enjoy and use tlieRents'. s i long as Truster is net in default Upon default, Trustor will receive any Rears in trust for Beneficiary and will not eonnninghe the Rents with any other funds. Tmstor agrees that this Security Instrument is innnelutety effective between Trustor and Beneficiary and effective as to third panics 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 parries subject to the Leases have nut violated any applicable law on It.", licenses and landlords and tenants, 13. LEASEHOLDS; CONDOMTNIITMS; PLANNED UNIT DEVELOPMENTS. Trusmr agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold_ If the Property includes a unit in a condominium or a planned unit development, 'Trustor will perform all of Truster's duties under the covenants, by laws, or regulations of the condonmimuni or planned Unit development. M�, /rn3 OU6 orm nP. era r.., o,� Z 1996 dzukerc Sy¢bm¢, Inc., St CI MN F flE nT NE 1/302003 /' 1 W