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<br /> f B. All futurc�a:i�:n�ls!mm L.ca�l:r�u t:r�ntur ur uth.:r future��lipatiw�ti uf c�r.�ntui tu I.rn�lrr un�kr any p��Mniw�ty '
<br /> nutc. cvntr:u�t, guaranty,ur�uh:r r�iJ�nc� uf Jcbt rxrrutrd hy(;ran�ur in f'a��ur uf l.�naler tar:utcd�fter itus
<br /> Sttariq� Insl�ument uhethrr��r rx►t this tircarit� In+trumcnt ir s�kcificaU}• refer�nc�J. If'u�uti than onr�xrKU�
<br /> �igns ihis tiecuriq•Insttumcnt,��:h Grantur apr�cs Ihat this��urity h��lrumrnt Kill xcur�aU fu�urr ad�•aikes aiH1
<br /> futurw ubli�;atiuii�that arr �IL'�n tu sir in:usrcit hy an� �u�;i,r mur��iiJllti�i'.UF :illY UIIC l�C Illttt��ii:ill�l��Aftd
<br /> � uthar.:A!1 futura u�►•:uiccs��x!ulhcr futurc uhliKatiwi�are k�urcd h�•lhis S�tiu�ity In�tcun►ent rern ih�wtih�II��r -
<br /> ; ��2it mt�p n��t y�tt b: uai�:in:cd.A!1 futurc advanccs and iuhcr�uturc��hli�uli�4�.arc kcur�J u�if maJ<<Hi Ih��l:itr -
<br /> 9 of thii�::urny�InsttumQnt.[�c�:Gin;in�his Sccurity In�trwnrnt+hall cun>�itutc u aunmitmcnt tu makc a�Jiti��nal -
<br /> - ar tt��ura k�a;�s u�ac�id.ii:t5 Ul'3ilp:u�tuwu.Any stu:h r�uiinutmcnl must h.�:�Fre�d W in a s�parat�w��iUn�,. =
<br /> � C. A!I�t+ligations Grnnti�r nw•es ta Lendcr,which may latcr ariw,w thc cxtent nut pruhihitcJ hy law,incluJing.hut
<br /> not limited tu,liafiiiilies[ur overdrafts relnting tu any ikper�it accuunt agrcrmcnt ixtw•ee�i Grantor and Lcnder. _
<br /> D. �II actclitiot�al sumc advanced and cxpenses incurrcJ by Lender fur in�uring,preservin�or i�thenvise protecting
<br /> - tht�Properf��nnd its valw:anat any other sunu advnnced and cxlx:nsis inrurred by l.cndcr under chc temis uF
<br /> tl�is S:xuriq�Iustrument.
<br /> '!'!iis 5ecuriiy�In�ttumeat wtill not secur�any ottur d�:bt if l.ender fails to give any nyuir�d noticc:uf tha:right of rescission.
<br />- S. AAYl111�N'�'S.Grnntor aRrees that all payments under the Secured Ikbt will be paid when due and in accardance
<br />= K�th ths terms of the Secured Debt and chis Security tastrument.
<br />� 6. tVARQt.�►N'II'Y OF 7iTl.E.Grantor warrants that Grantor is or will be IawfuUy seizcd af thc estate conveyed by ihis
<br />- Security Instrument and has the right to irrevocAbly grant,convey,and scll the Pruperty ta Trustee,in trus�.with
<br />- power of sate.Grantor also warranu that the Propeny u unenc�unbered exeept for encumbrances of record.
<br />_ 7. I'itL�lt SECURITY INTERESTS.With regard to any other mortgage,cleed of trust,security agreement oc other lien
<br />_ dc�cument that created a prior sc;curity intrrest or encumbrance on the Property,Grantor a�rees:
<br />- A. To ma�e all payments whcn due aad to perforru or comply with aU covenaats.
<br /> B. To�romptly deliver to Lender any aotioes that Grantor receives from the holder.
<br /> C. Not to allow any modification or extenvon af,nor to request any future advances undcr any note ar agrecment
<br /> secured by the lien document without Lender s pri,or written con�;.nt.
<br /> 8. fEAIIHS AGAINST'I7TI1E,Grantor will pay ali t�cs,a.csessments,liens,encumbrances,leuse payments,gound
<br /> rents,utilities,and othcr charges relating ta the Property when due.Lendcr may require Grantvr to provide to I.enrler
<br /> copies of all notices that such amounts are c{tte and the receipu evidencing Grantor s paymca�Granior will defend
<br /> tiile ta the Property against any claims 1ba¢�ould impair the lien of this Security Instrument.Gr.untor agrees to assign
<br /> ta L.ender,as requested by Lender,any rights,claims or�iefenses Graator cuay have against p:�rties�ho suppLy labor
<br /> or materials to maintain or improve the Property.
<br /> 9. �:E ON SALE OR ENCiJl1iBRANCE.Y.ende�maq,32 iu option,declar.:the entire balance o�cIse Secured Debt to
<br /> �e imraediatei}dae and payuble upon tt,�:creation of,or contract for�he creation of,any lien,eiocumbruice.transfer
<br /> or sale of the Property.'Ihis right is subjeet to the restrictioiu im�rc�d by federal law(12 C.F.R.591),as applicable.
<br /> It�is covenant shaU run with the Propert� and shall remain i�effeci until the Secured Debt is paid in full and this
<br /> Seeurity Instrument is releaszd. -
<br /> 10. PROPERTY CONDI170�,AL?E3iATi0NS AND INSPECTION.Grantor will keep the Property in good
<br /> ::,u3{�:�:,auu.�a::e�;1,cNai,� �i�si are reasonabiy necessary. c:nntor shall not commit or altow any wacte, -
<br /> impairment, or deterioration of the Pro�erty.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of the oavpancy and use will not substantiaUy change without Lendsr's prior written
<br /> oocasent.Grantor will noi permit any change in any l�c.�ec�.se,restrictive covenant or easement�ithout Lendes's prior
<br /> xr:ct:n consent.Grantot will notify Lender of all dem,3rals,prooeedings,claims,and actions against GrauLcs,and af
<br /> auyc Iass or damage to thc Property.
<br /> Lender or Leacier's agents may.at Lender's option,enter the Pro�rty at any reasonable tittt�;for the purpose of
<br /> inspecting the Praperty.Lender shalt�ite Grantor notice at t��tiirne of or before an iets�ection specifying a
<br /> reasanable pu��s., for the iaspection.Any inspecGon of the Prapeny shall be entireiy for Lendcr's benefit and `"
<br /> Grantor will in no way reiy aa�.ender's uupection. �
<br /> 1L ALJTI�ORITY TO PERFORM. If Grantor fails to perform any duty or any vf cFe covenants contained in this
<br /> Secwity Instrument,Lender may.without n.�tice.perform or cause them to be perfumsed.Gr.�aWr appoints Lender
<br /> as attomey in fact to sign Grantor s name ar pay any amount necessary for perfam�ance.Lender's�ight to perform for
<br /> Grantar shall not create an obiigation ta�rform,and Lender's failure to perform will not pr;clude Lender from
<br /> exercising any of Lender's other rig6ts under the law or tTiic Securiry Instrument.If any wnstruc3ioo on the Property is
<br /> diecontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Ixnder's
<br /> sec+.;iity interest in the Property.inciuding cornpletion of the construciion.
<br /> ]2 ASSIGNMEi'�'6 OF LEASFS AND REIV!'S.Grantor irrevocably grants,conveys and sells to Trustee,in trust for the
<br /> . txne8t of Lead�r.as additional security all ihe righi,title and interext in and to any and all existing or future leases,
<br /> subieases,and any other written or verbal agrcements for the nse and occupancy of any portion of the Property,
<br /> including any extensions.renewals,mod�cations or substitutions of such ageements(all referred to as"Leases")and
<br /> rents,issues and profits(all referred to as "Renu").Grantor will promptly provide Lendcr with true and wrrect
<br /> . oopies of all existing an@ future Leases.Gr�.tztor may collect.recei�•e,en�oy and ace the Rents so Ioag as Grantor is nut
<br /> . in default under the termc of this Security Iastn�ment.
<br /> Grantor acknowledges that this asaigna�,�r,t�Qerfected upon the rc�ac�rding uf this Deed of Te�..-c;and that Lender is
<br /> entitled to notify an�of Grantor's ter.a,zu to ma{c�pa�:�uent uf Rents due or t�1?4.�come due to Lender. f�i��re�•er, c
<br /> I.�:nder agrees that only on d�;fault will Lender notify Grar.tor and Grantor's tenants and make demand that a[f future
<br /> Rents be paid directly to I.eader. On receiving notice of default,Grantor will endorse and deliver to L.ender any
<br /> payment of Rents in Grantor's possessiun and will receive any Rents in trust for Lender and will not commingle the
<br /> Rents with any oiher funds. Any amounts collected will be applied as provided in this Securiry Instrument.Grantor =
<br /> warrants that no default exists under the Leases or any applicable landlord/tenant law.Grantar also agrees to maintain —
<br /> and require any tenant to comply with the tcrms of the C,ebses and applicable law. _
<br /> L�. LEASEHOLDS;CONDOMINIU11�1S; pLANNED UNIT DEVELOPMEN'f5.Grantor agrees to comply with the �'
<br /> provisions of any lease if this Security Instrument is on a leasehold.if the Property includes a unit in a condominium ��
<br /> or a planned unit development, Grantor will perform all of Grantor's duties under the covenants, by-laws,or
<br /> regulations of the condominium or planned unit development. �_.
<br /> 14. DEFAULT.Grantor will be in default if any party obligated on the Secured Debt fails ti�make payment when due_ �,:.:
<br /> Gr�ntar will be in defauli if a breach occurs under lhe ter�ns of this Security Instrument or any other document Q.-
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