|
_ . i7 . ... ,K . � . - - _'� L . � . , ,r. • ..o 131b1 f -�.,:r..'"_
<br /> � scur -
<br /> .s._t i em�_t:-- '
<br /> g�_�.0�� �-�-
<br /> �-,- -
<br /> �`i::.:
<br /> _ g, ,411 ftittue advEUces fmm Leuder to Grauior or othet future obligations of Grantor to Len�er undsr any prom�issory ��--
<br /> note.aoatrast,goa�anty.o=oWer evidence of d�bt exe�uted by Grantor in favor of Lender executed atter tbis �_�-
<br /> �c�cnrity Instrumeat s�heth�r or not this 5erurity Insteument is spe�c�lly referensed.If more than one peison -p�r -
<br /> s'rgns chis Security�a�trumen�eac6 Graator agrees titat t6is Security Jaslrumeat will sccurc all future adv^�and i'�^�..-
<br /> furiue obiigsacioas that arn gven to or incnmed by any one or more Grantar.or any oae ar more Grautar and �.
<br /> othejs.All fuuue advan�s aYSd oiher future obligutions are secumd by this Security lnsuumuent even Woug6 all or ��;
<br /> part a�y not yet be ad�anc�ed.AI1 future advances and other future obligations are secured as if made on the date
<br /> of this Seevrity Iustrumen�Nothiag in this Security Insavm�nt sha11 consbtute a wmmitment ta make additional �,
<br /> ' or fut�ue ioans or advanoes in any amounL Any such oommit�aent must be agreed to in a separflte writing. �.�'.
<br /> C. All obGgations Gr�ntor owes ta Lender.�vhich may later arise,to the extent not pro}vtiited by la1v,includiug,but ��-
<br /> :,; not Gmited to,liabilides for overdrafts relating to any deposit ac.count agreement beta�een Grantor and L.ender. —__
<br /> D. All additional sams advanced and exgenses incurred by Lender for insuring.preserving or otheiwise proiecring ----_-
<br /> . the Praperty and its vatue and aay other sums advanced and expenses incuned by Lender under the terms of �-^_:
<br /> Wis�ecurity Instrum;�t.
<br />:. 'Thi;geciuity Insirument w�l not seaue any other debt if B.ender fa7s to give any requ�ed notice of the right of resci�ian. =-- --
<br /> S. PAYhtENI'9�.C�antor agrees tiiat ail paymPnts under the Secured Debt�nill be paid when due aud in acx�ordance �<«,.�,,,,;
<br /> wi:t+We temt4 of the Secured Debt and th�s Security InstrumenL =�__-
<br /> 6� �r//�1'�pl�i'R'y OLy"Y713�.Grantor warrants that Grantar is or wiU be lawfuUy seized of the estate conveyed by this _ _
<br /> . �ecc�rity In�trume�and has the right to irravocably grant,convey,ana sell ti�C'roperty to Trustee,in trust,with �—
<br /> power af sate.Grautot also warrants that ths Property is unencumbered.excegt fiae��cumbrances of record.
<br /> � 7. PitTOR SECURii'Y Il�Y�ERFSTS•A►ith regazd to any other mort��deed caf tr-�,� rit�!a�reement or other�ien �f
<br /> t'` docgment that created a prior secvriry interest or encumbrance on tfte.l�Toperey,Crn�tar ag�r..-'�: �__
<br /> � A. To ipake all paymetrts wIten d�e aad to pet�orm or comply witb all covenants. � `_
<br /> B. To promptly deliver tn Leader any noti�s that Cirantor receives froffi We L��r. � �.��;�.
<br /> C. Not to altow any��tion or extension of.arr to request any future��'+�r�s under any note or agrezment �`-
<br />;��.; se�red by We lie��3Y�vment withnut Lende�s p�ar wrfitten ooBSen� _
<br /> g� C�yg,y�q,�l�'�$E.Grantor�viU pay all taxes,assessmr.r�t�.liens.encumbrances.lease payatents,ground
<br /> , rents,utiliti�.�n'�o�er d�sges retating to the Property waen dttc IE.�ader may�ecluire Grantot to pravide t�Leader �:'=.
<br />'' r,r�i�of a'?�es�s tha�sac�amounts are due and the receipts eai�ncinS Grdntor's paymen�Grantor w�71 defend �;_
<br /> �e�r;�the��y�aga�ss5t.reny claims tliat would impair the lien af i:x.s Sec�ity Znstrument Grantor ag�5��assign �
<br /> a
<br /> 20�.ender.�b,erc�estsd��Leader,any rigt�ts,claims os defenses C��for�nay have against parties who s�labor ��
<br /> .,!..,� or mateYiaLs`�cx�.�afintain or improve the Property. �
<br /> g p�p�y��O�Et���CE.Lendar may,at its aptic�,3eclare the entire balaar.e.�:�!3ie Secured Debt to
<br /> S�e immediately due aad���le upon the creation of,or cantract fvr the creation of,any lien,.encumbzanae,transfer
<br /> � �a.x sa2e of the Property.'T�Tia��gbt is subject to the re�ia�ns i�posed by fede��l law.(12 GF.R 591),as agp3icable. �`>�
<br /> 't�is coveuant shall run u:i;�the Property and shali r��i�e�ecY until t(tr�ared Debt is paid in fu�f!and this _
<br /> - Security Instxsuneat is released. --_--
<br /> 10. PI�OPEpF'C��ONDITION,ALTERATIONS AND INS�CG,'II'�mN.Grantor will keep tfle Property in good �.�..
<br /> condition and make all repairs that are reasona6ly necessary.Graator shall not commit or aAow any waste,
<br /> impairment,or deterioraGon of the Praperty.Grancor arill keep ths Property free of noxious weeds and grasses. �.r,
<br /> � Graator agrees tf�►t the nature of We occupancy aad�r wil!not substantially change without Lender's prior written ��:.;
<br /> . consen�Ga�or will not permit any c6ange in any fu�se,resirtarve covenant or easement without Leader's prior --
<br /> written coas�rN firantor a71 notify Lendcr of all demands,pra�.�ngs,claims,and actions against Grantor.and of
<br /> �,•;i�f :_� any lass or�a?ge to the Yrogerty.
<br /> . �nder or Lender s agents may,at Lender's optian+,��rs.ter the Property at any reasoaable time for the puYpose of _
<br /> - � u x��e c t i n g t b e P r o p e rt y.L e n d e r s h a l!g i v e C i r a n r r�r r c:�r i c e at the time of as before an ins pection specifynng a
<br /> 'nasonabie pwpose for t�e inspection.Any ins�e��f the Yroperty sh3.1a:E�� e�tirely for Lender's benefit aad _ __
<br /> ,, Grantor anll in ao way rely on Lender's inspectton. -�-�-�
<br /> � 1L A�3TFIORITY TO PESFORld4.If Grantor fails 4o perform�����ty or any af the covenants contained in this - .•
<br /> . . Secairity�ument,Lender may,without notice,perfcrm or c�e chem to be performed.Crrantor appoints Leader
<br /> ,^,r:attomey 9n fact to sign Grantor's name or pay any ant�unt nesessary for perfQmtance.Lender's sight to�esfom�for �^
<br /> •, !u:ianwr shall not create zn obligation to perform,and Lender's failure to F�d§orw will aot preclttde Y,�:��3er frqm
<br /> exercising any of Lender's other rights under tlie law or this Securiry Insuument rF any constraction on the Property is �_�
<br /> � discoarinued or uot carried on in a���.sonable manuer.Lender may take all�teps necessary to protect Lender's �.-:.;:
<br /> security iaterest in tite Prapertyr,inciva�g comptetion of the constructian. E.-.;:���:
<br /> . 8a. ASSIGNM1tEt�TI'OF LC.A�r��AND RENfS Grantor irrevocably granu,convcvs and se1ls��a��'rustee.In ttust for the ��:
<br /> � � i�enefit af Lender,as ad�it�ctial securiry all the rs��s�;title and interest in and r�3�:�y and a31 exi�ting or futtu�e leases, —
<br /> � �bleases,and any othe��Yitten or ver6al age�srrer�rs for the use and oo�;�ir:.y+of any portion of ric�Pcoperty, �.�T�-�
<br /> �including any extensioas.renewaLs,ranEfil'u�tiocis�x.�.'ostitutians of suc�agreeu~�ents(all refi�xud to as"P..r�ases")and�
<br /> -== rents,issu�l:�scd profits(all refeae�'en r�s"RcisY.'��'�Grantar��i!4 prompfly provide L.enciaia:���itdt tnr�ad coaect _ _
<br /> copies of eU:r:a�`�sting sud future Leases.C�rantor rnpvfcr�pect,rece's-r�,enjoyaad nse the Iten1�Ra tc�r.r�rs�,�:�ntor is nat.� � �
<br /> . ,.: �..r,.
<br /> � im dcfautt under the ter�.,of this Security Ya��i: __
<br /> Grantor acknowtedges that this assignment is petlixar:d upon the recording of►hi:s Deed of Tn;s�e and U.�.aC Lender is =__-
<br /> entided to notify any of Grantors teannts to mak+�payment of Reats duc or to beoome ciyu:to Lender.However. �.
<br /> . Lender agces that onIy on defau(t will Lender notify Grantor and Grantor's tenaut�un�.tU���!�mand that all future ---
<br /> Rents be paid direcUy to Lender.On receiving notice of defaWt,Grantor will eadarse�rn+�deliver to Lender any �.___
<br /> payment of Renis in Grantor's possession and will receive any Rents in trust foe Leader and will not wmminp,fe the
<br /> ' Rents with any other funds.Any amounts collected will be applied as provided in this Security Instrument.Grantor � ��T'
<br /> �. aanants that no defauIt exists under the Leases or any applicabie landlord/tenartt law.(3rantor also agrees to maiatain - -
<br /> '. � and require any tenant to comply vrith the temLS of the I.eases and appGcable laN. �
<br /> t3 LEASEHOLDS;CONDOI�IIIIVIUI'+fLS;PLANNED UNIT DEVELOPMENI'S.Grantor agrees to oompiy with the . !_'-�
<br /> provisions of any lease if this Security lnsirument is on a teaseholsl.If the Pro�erty includes a unit in a condominium i
<br />, • or a planned unit development.Grantor will perform all of Gdantor's duties under tha covenants,by-ta�s,ot �—�_;
<br /> � regulations of the oondaminium or planned unit development.
<br /> IQ. DEFAULT.Grantor will be in defuult if any Qarry ovligated on the Secured Debt fails to mt►ke payment when due. �,
<br /> � Grantor vrill be in defanit if a breaeh oecurs under the terms of this Security Instrument or any other document
<br /> ►•
<br /> _
<br /> (pu$02014)
<br /> - 019916sf1c�rsSy"'..Jn.A trc.67.Llt�L'Y(1.900337'2311)FMm ilE-OTd.c C'E41 ...�-
<br /> .�_...
<br /> _ . . �- . • . .. � - .._. . - �•... .. " .. .. � • . . . � .. � . . � � . ' ' .'�`3.
<br /> . . - . �� -<- .. .
<br /> - � . , . .. . . . • � - � .. - � _ - " � � � . _. _ . -- . . � . . .
<br />
|