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<br /> ' B. All future advances from Lender to Grasitor or ati�er futun otiligations of Graniar�ta Lender uader aay promi�sory :
<br /> ` � noie.contraci.gl2SI3Itty.or oiher evideace of de6t eRecutc¢t b}�Grantor in favor of Lender execut�d aRer this --
<br /> � Security Instrument wltether or n�i this Serurity Insln�ntent is sg�cally t�ferenced if more than one persoa
<br /> : sigos this Security Instnrment,eacP�Grantor a�gees thai this S€rariiy Ins:»mtent w�l secure aIl fiatvre advances and t`
<br /> <�_;�� fuiure obligaaoas e�+ai are given co or ir,curre�6j�am�one o�mm�e Crnntar,or any ane or mote Grantor aad
<br /> othets.All future advanoes an�other futu�obtigatians aze secured b}t.ttis��.wuity Insuumen3 even thou�h all or
<br /> part may aat yet he advanced.All fuiur�e adv�ncxs as�d other fu¢iue obligations are secured as if made on the date �
<br /> . of tbis Sec�uiry Instnunent Nuthiag in this Securiiy I�s�iment shall c�n�.dtute a oommitment to make ad�it��nal
<br />`�;�-. or future ioans or advaaoes in anp autouai.A»y sucG co�unitmeat�tu�b�agreed to in a separatc writin�.
<br /> �� G All obligations Grantor awas to I�ndcr,�vhicb mAy lnter arise,to ths ext�nt not pmhibited by law,'vsstuds�;,but
<br /> . � not Iimited to.liah�ities for overdrafrs reiating in an;��epc�i2 acoount agr�cment beiween Grantor and JLrader.
<br /> D. All additional sums advnnced and exgens�incutrcd b��Lender for insuring,pzeserving oz ot�,erwi,�prvteciing
<br /> the Fraperty and ifs valae and any otlne�swn�nfi�sm�c)Aqd exgenses inciured by Leader v�der tl�e ter,ms of !'
<br /> . .� this Security Instrr�menL
<br /> � 'I7us Security Instmment wi11 not secure any oiber debt if Lendur tm'1�tn give any required na�se af�e ri�tt af�tissian.
<br /> 5 PAYMENTS.Graatar,ag.�es thut aIl payments endt�r tlie Seeuie�Debt�vill�lie pa�d wh�en d�2r,�-d�accor�aace
<br /> • � " w3th the terms of the Secarreci Debt and this Securirj�itvmenx
<br /> ��` G, w/ARRAPITY O�'AYTL�(�rantor�arrattts that Grantnr is or.�iil be lawfu�ly seized of the c-�tate conveyed by this =
<br /> Sec�trity Instrument and 6as ute right:t�irrevacably grant,convey.and sell the Property tn.Tnistec,in Wst,with _.
<br /> . ��, +> power of sale.Gravtor afso n�rrant�tll�i.ti�e Property is unencumbered,except for encu�isra��as af�ea+Td.
<br /> ?. LDIiIOR SCC�JR�I'Y II��'iSTS.WiW reg�lyd tp au}?ziher mottgage,deed of uast,security a�er�r v��t@er lien _
<br /> doatment Wat cneaYed a prior�anrity.interest oreQs�msbrance on the Property.Grantar agrees: _
<br /> '` ; A. To make aIl pa}maent�tvnan:�duu and to perho�u us compiy cvith all covenaats.
<br /> ., Y`` B. Ta prn�np�Iy delivEr to I.endar an3t aotices th,�t Grantur��es from t3te holder. _
<br /> , . C. Not ru 3llotiv anp mad�cauon.or.extensian of,aor te rc-r{¢a..��y futvre advances�mder any note o�agxeemeu.�
<br /> secvred bg Yhs Gan clacument without I.enQer'��ariur wr��n a�nsent _-
<br /> �. ,.�;� i9. �LAID75 AGAdni��L7'�.Grantor will pay alt tasarzs,assessments,liens, encumbrances,lease pay�attts,ground �.
<br /> rents.utilities,and other�es relating to the Property when due.Lender may req�e Grantor to prc�-irc�e to Lender
<br /> `- ` copiss of all notio�.s that suc{�amounts aze due and the recei�ts evidencing Grantor's payment G�:�:will defend
<br /> '�;��<. •� title to the Prapert!r.agains�any ctamu�that would impair the heA of this Secusity Instrumeat�tc�r�„�es to assign
<br /> .. � tq Lender,as req�tns2ad�b�!T..eader,any rigt►is,ct�im.�+�r defenses Grantarmay have against parties�v�a supply labor
<br /> :� qa�mtztezt�Is ta maiat�in ariinprove the Pcaperdy.
<br /> •.':��, _ q;: ��1J�t Q81r.t��Ot��R"�UMBRAI�IC�Lender�sy�,at its optian,declare tEie en6re balance of the SeRmu�d Debt to
<br /> ' ' j�e imma�iA�siy duo aud payable upon the creation of,or conL-act for the creation of,any lien,eucumbra:ca,transfer
<br /> �`.`�"-t.: . or sa�a of flix�'raperty.This right is subject to the res�era;i:t�s��d by federal lav�(12 C.F.R 591),as applicabte.
<br /> ','•V- ' . ' This aa�aba�iA:shallmm c�ith the Property and shati��:,:.�•��'.t'�isc unU't tFse Secared U�ac�a�pa3d in fuU and ihis
<br /> :'�:,},. � �ecurit��Instrumant is�ei�e�d.
<br /> " ' �'• 1lf: 9PROE�EB'aY C01VQL�£ft�,'Rh A�.'T�l�'fllQl�f��D�IS�ELTdON.Gra�toz wi3i k��the Property in good `
<br /> conditian•�nd make ail��:rs thaR are reasonably necessary.Graatos shall noi ce��r-u;t ar allow any waste,
<br /> '';<"'; " impainpeAk or deterioration of tae I.�..�erty.Grsntor wiD keep the Properry free of uccn�cros weeds and gasses.
<br /> Cnantbr agrees that the nature of td�e��crcupaeecy and�e will not substantially ehange witiva��ae Iznder's prior written
<br /> " ' � oflnsen�Grantor will aot permit any change in�i��4'scense,restrictive covenant or easement a+ithout Lender's prior
<br /> . written consen�Crrantor will notify Lender of a��A�ands.proceedings,claims,and astions against GranWr,and of
<br /> any toss or damage to the Property. -
<br /> ''"''�'' � Lender or Lender's ageats may,ai Lendea's opri�.,u�.�anter tho Ysaperty at any reasonable time for the puipose of
<br />'';::)":i'r. :•.
<br /> l.;,,;.,� inspecting.#.i�e Property.Lender shall give Cnan3ar norice�ti�idac time of or before au.n�spection specifying a
<br />-:;4�rt',+'�:' � reasona6le g�nrpose far the inspection.Any inspection of the Fraperty shall be entir�I�u'�,�e Lender's bene6t and�
<br /> - '.: �' • � . S'iraator wil!in ao way r�iy on Lender's inspection. � �
<br /> YL+r�!�iUTHOWTY TO PE��'OYtA9.If Grantor fails to perform any dury or any of�tke cor�ants ccatit�ed in this
<br /> � . � Secu�rity instrument,Lender may.without notice.pedorm or cause them to 6e perfor�d','�'w^,2ntor apF��lts Lender
<br /> -''�' � Aa att�rnev in facr to�ian t'.rantnr's ncme or nav anv amount necessaiv for performance.;..us�riie�'s ri�ht to perform for �_
<br /> '`�'-3' � Grantor shall not create aq obligatiu�to perform,and Lender's faiiure to perfo7m ar��s�31`preclude Lender from
<br /> ' egercisin�any of Lender's other rights under the law.r�r thi.,Seauity Instrumertt.°S any:.;�h�+ur.tion on the Property is
<br /> discontinued or not car�ied on in a reasonable asam�.�er.Lendar may take J���.ejss necessary to proted Lender's
<br /> , � securiry interest in the Property,including cumpletir.its�f the construction.
<br /> � 9L ASSaGNNdENI'OF LEASES AND RENTS.Grant��irrevc�cEbL�,�ants,conveys a:.d.e�ea�:Trustee,in trust for the
<br /> .��:.�f bene8t of Lender,as addition�l security all the right,title and!�;�.:ast in and to any a„3.:���existing or future leases.
<br /> subleases,and any ati�cr wri3ten or verbal agreements for t�r a:s: and occupancy cf��f�ortion of the Properry,
<br /> ,''�� including any exten�on�,.�newals,ruadifications oc���.sti3utions af such agm�n�a��.��(a!!refened to as"l.eases")and
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<br /> ; �•�� rents,issues and prafi�,(:�irefeaed to as"Re�trs"v..�rantor will promptI��cvc4-i�lic�t�nder with tnie and correct
<br /> `�"� � copies of ali existin�aadCrna�ne Lea�s.Orantor mav�x,�7ect,receive,enjay rind�:�17sr�Po so lon�as Grantor is not ;
<br /> ����'� in defautt uurder tko terms o�'tbls S�ar,�i,�,r Iaswment: �
<br /> Orantor acknowtedges thet thls ass:�.^.ient�perfecC�d upon tx::�econdln�of t61s Dee����sust and that l.endet is
<br /> ' � entitled to notify any of Orantor's teaants to mat�}�yment of Rents due or to becomr_����e to Lender.I�lowever,
<br /> � ' Leader agrees that only on default wiyl L.ender no6f���Crantor and Crrantor's tenants anai m��demand t]�t ell future
<br /> .�••:;r'. Rents be pt�id directly to Lender.On receiving nuiice of defa�ir C3rantor wiU endo�..c:���deliver tc�II.ender any
<br />� paym�nt of Rents in Grantor's posses5ion and will receive any 1�,�:.c.'s in wst for Lender s.n�will aat commingla the
<br /> � Rents witl�any otHer funds.Any amounts collected will be apptir�d as provided in this Scuncm:2y Insm�ment.Granto� •
<br /> warrants that no defauit exists uader t6e Leases or any applicable landlord/tenant 1aw.Grantor also agraes to maintain
<br /> and require any tenaat to comply with the terms of the Leases and applicable law.
<br /> � !� LEA5BHOLDS;CONDOA'�IYllti"�5;�p.APR�tEID IIiVjB'DEVELOPMEI�PTS.Grantor agrees to eompty�vitb the
<br /> ., provisions of any lease if this St*curity Instrument is on a leas�hold.If the Property includes a unit in a condominium
<br /> . or a planned unit development.Grantor will perform.aq of Grantor's duties under thQ wvenants.by-laws,or
<br /> • � regulations of the condominium or planned unit development.
<br /> � 1Q. DEFA[JI.T.Grantar wiU be in default if any party obligated on the Secured Debt faiLs to make payment when due.
<br /> Grantar will be in default if a breacb oocurs under the terms of this Security Instrument or any other documenY
<br /> _. . . (pags2ot�
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