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200316237 <br />B. All furore advances from Beneficiary to Tmstor or other future obligations of Tru eor to Beneficiary under any <br />promissory note, contract, gumanty, or other evidence of debt executed by Tmstor in favor of Beneficiary <br />executed after this Security Instumnnt whether of not this Security Instrument is specifically referenced. If more <br />than one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all <br />future advances and future obligations that are given to or incurred by any one or more Trustor, or any one or <br />more Tmstor and others. All future advances and other fumes obligations are secured by this Security Instrument <br />even though all or part may not yet be advanced. All Aware advances and other future obligations are secured as if <br />made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a corommunt to <br />make additional or forme loans or advances in any amount. Any such commitment must be agreed to in a separate <br />writing. <br />C. All other obligations Tmstor owes to Beneficiary, which may later arise, to the extent not prohibited by law, <br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Tmstor <br />and Beneficiary. <br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise <br />protecting the Property and its value end any other sums advanced and expenses incurred by Beneficiary under the <br />terms of this 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 B of this Section, Beneficiary waives any subsequent security interest in the <br />Trustoi s principal dwelling that is created by this Security lnstmment (but does not waive the security interest for the <br />debts referenced In paragraph A of this Section). <br />5. DEED OF TRUST COVENANTS. Truster agrees that the covenams in this section are material obligations under the <br />Secured Debt and this Security Instrument. If Tmswr breaches any covenant in this section, Beneficiary may refuse to <br />make additional extensions o credit and reduce the credit limit. y not exercising either remedy on Trustor's breach, <br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again. <br />Payments. Tmstor agrees that all payments under the Secured Debt will be paid when due and in accordance with the <br />terms of the Secured Debt and this Security Instrument. <br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien document <br />that created a prior security interest or encumbrance on the Property, Tmstor agrees to make all payments when due and <br />to perform or comply with ail covenants. 'Castor also agrees not to allow any modification or extension of, nor to <br />request any burrs advances under any note or agreement secured by the lien document without Beneficiary's prior <br />written approval. <br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, <br />encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary <br />may require Trusror to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing <br />Trusior s payment Truster will defend title to the Property against .'y claims that would impair the lien of this <br />Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses <br />Truster may have against parties who supply labor or materials to maintain or improve the Property. <br />property Condition, Alterations and Inspection. Truster will keep the Property in &od condition and make all <br />Zpo rr' s that are reasonably necessary. Toreson shall not commit or allow any waste, impaument, or deterioration of the <br />Property. Trustor agrees that the names of the occupancy and use will not substantially change without Beneficiary's <br />prior written consent. Truster will not permit any change in any license, restrictive covenant or easement without <br />Benefice s prior written consent. Truster will notify Beneficiary of all demands, proceedings, claims, and actions <br />against Truster, and of any loss or damage to the Property. <br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at wry reasonable time for the <br />purpose of inspectingg the Property. Beneficiary shall give Truster notice at the time o or before an inspection <br />specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely Yoe Beneficiary 's <br />benefit and Tmstor will in no way rely on Beneficiary's inspection. <br />Authority to Perform. If Tmstor fails to perform any duty or coy of the covenants contained in this Security <br />Instrument, Beneficiary may, without notice, perform or cause them to be performed. Tmstor appoints Beneficiary as <br />attorney in fact to sign Trustor's name or pay any amount necessary for Performance. Beneficiary s right to perform for <br />Tmstor shall not create an obligation to perform, and Beneficiary s failure to perform will not preclude Beneficiary <br />from exercising any of Beneficiary's other rights under the law or this Security Instrument. <br />Leaseholds; Condominiums; Planned Unit Developments. Tmstor agrees to comply with the provisions of any lease <br />if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium at a planned unit <br />development, Tmstor will perform all of Truster's duties under the covenants, by -laws, or regulations of the <br />condominium or planned unit development. <br />Condemnation. Tramor 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, eminent domain, or any other means. <br />Tmstor authorizes Beneficiary to intervene in Tmstor s name in any of the above described actions or claims. Truster <br />assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of <br />all or any pan of the Property. Such proceeds shall be considered payments and will be applied as provided in this <br />Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security <br />agreement or other lien document. <br />Insurance. Tmstor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably <br />associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the <br />periods that Beneficiary requires. The Insurance carrier providing the insurance shall be chosen by Tmstor subject to <br />Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the wverage described <br />above. Beneficiary may, at Beneficiary's option, obtain coverage to pmtec[ Beneficiary's rights in the Property <br />according to the teens of this Security Instmment. <br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" <br />and, where applicable, "loss payee clause." Truster shall immediately notify Beneficiary of cancellation or termination <br />of the insurance. Bencficiaafryryf shall have the right to hold the policies and renewals. If Beneficearly requires, Truster shall to <br />immediate note es to theeinsurance all <br />arrier receipts d Beneficiary. Beneficiary may make proof of lioss if nut made immediately <br />by Truster. <br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or <br />to 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 <br />paid w the Truster. If the Property is ac aired by Beneficiary Trastor's right to any insurance policies and proceeds <br />resulting from damage to the Property before the acquisition shall pass to Beneficiary w the extent of the Secured Debt <br />immediately before the acquisition. fpaga 2 or al <br />O190J 3mken 3yleme, uv.. fi.LlouE. MN Po,m OW -PEOi NE I /1359 ®.C465(NE) 169021 of <br />