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<br /> Ii. All tuti�rc ndv�nccs from l,.cndcr to Grantor or othcr futurc obli�ations of Gr�+ntar ta�.end:r undcr i�ny prumissa�y �',�_
<br /> note,conirnet,�uarnnly,or ulhec evidenee ot uci,t a:xccutcd i�y Grsntur in [avor of l,r.nd�r executed nttec this 4_
<br /> Security [nstrument whether or not this Seeurity Instrument is sRc:cifically reterenu:d.lf mare thaxt o�ze �xtsnn
<br /> �igr►s this Sccurity Ynstrument,cach Grnntur ii�'ccs th:tt this Sccurily Instn►ntcnt will ss�urc aU tutun:wlvanccs und �;�°
<br /> futurc obligntions tiint arc given ta or€ncurrcd by any onc or mucc Grantor,or any onc or marc Grantor�nd
<br /> others./�il fulure aduanc�;s and otl►er future obligations�re secured liv ihis Securiry Ittslrumcnt even thou�h aU or �°;7..
<br /> part mAy r,oi yei be ndvunced.All future advances nnd other tuturc obligAtions ure sccurcd as if mude an thc datc
<br /> of titts Security Instrument.Nathing In¢his Security Instrumcnt si�all constitutc u commitmcnt to ninkc additional
<br /> or tuturc loans or advances in any amount.Any such cammitmcnt must b�a�'ccd to in a scparatc�vriting. __
<br /> C. All obligations Grantor owes to Lender,which may later arise,to the extent not prot�ib:ted by la�v,including,but _
<br /> not limited to,liF►bilities far overdrafts relating to any deposit aceount a�'cement bchveen Grantor and Lender.
<br /> D h,eRProperiyland its valuc und ny oher sums ad aneed a deer.�c�ses nncurpred by Lendertu ider thp ctrms f �
<br /> tbis Security Instrument.
<br /> This Security Instrwnent will not secure any other debt if Lcender fails ta pve any rec�uircd notice of the right of rescission.
<br /> g� pAYlb'AEN'I'S.Grantor agrees tlitit all payments under the Secured D�bt wiU be paid when due and in accardance
<br /> with th�tctms of th�Secured Debt tu�d this Security Instrument.
<br /> 6. WARRANTY OF TITl.E.Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by this
<br /> Security instrument and has thc rigl�t to irre�ocably grant,convey,and scll the Property to'd'rustee,in trust,with `
<br /> power of sale.Grantor also warrAnts that the Property�s unencumbered,except for encumbrances of reoo�r,d.
<br /> 7. PRIOIt SF.CURI1'Y IN'I'ERES'I'�.Wa2h regard to any other m�artga�e,deed of tntst,secwity agreemera4 er ather licn
<br /> documei�i al�at created a prior seciirity interest or encumbrance on the Properiy,Grantor�ase:s:
<br /> A. To make all payments when due and to perform or comply with all covenants.
<br /> B. To promptly deliver to Lender any notices Wat Grantor receives froin the holder.
<br /> C. Not to allow any modification or extension vf,nor to request any future advances under any aaate�r agr�xment
<br /> secured by the lien document without I.ender's prior writxen consent.
<br /> 8. CI.AI1Vi9 AGAINST TiTLE.Grantor will pay all t�u:es. Assessments,lieus,encumbracbc�s,lease payments,graund
<br /> rcnts,utilities,and other char�es relatii�g to the Property�vhen due.L,ender may require Crantor to provide to Lender
<br /> wpies of aU�totices that such amounts are due and the receipts evidencin�l3rantor's payment.Grantor will defend
<br /> t=xZ�;�.,kA Pr��wny a�a+nst any claims that would imQair the lien of this Se�urity Instrument.Grantor a�rees to assign
<br /> to Lender,as requested by Lender,a��y rights,claims or defenses(irantor m�y naec againsi pn�tica�%��ss�dy t�t�r
<br /> ur materials to maintain or impro�e u�e F'roperty.
<br /> 9. DUE ON SAGE OIt ENCUMBRAIV�CE•L.ender may,at its a;ntion,declare the entire 6�3nr►ce of the Secured Uebt eo
<br /> be immediately due and payable upon the creation of,or conr�nct for the cceation of,any Gen,encuinbrance,transfes —
<br /> or salc of the Property.This r�ght is subject tu tL�e resYrictiuns imposed by federal law(12 C.F.R.591},ns ppplicabl�.
<br /> This covenant sliall run with the Property and s'hal]remain in effect until the Secured Debt is paid'nn�iil ana q4��s
<br /> Security Instrument is released.
<br /> 10. PROPERTY CONDI'i'ION,ALTERATiON�AND INSP�CTION.Grantor will keep the Property in goo�l
<br /> condition and make all repairs that are reasonably necessary. Grantor shnit not commit or allow any waste,
<br /> impsirment, or deterioration of the Property.Grantor will keep the Prugerty free of noxious wecds and grasses.
<br /> Grantor agrees that the nature of the occupancy and use w�ll not substantea�ly change withaut L.ender's prior written
<br /> consent.Grantor will not permit any cliange in any Gcense,restrictive covenant or easement without Lencter's prior
<br />�• written c�onsent.Grnntor will notify Lender of all demands,proceedings,claims,and ac�ions against Granxor,and of
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<br /> BIiy iUSS u1 aaaUtnKc iO iA►w a avkn:�.�.
<br /> l,ender or L,ende�'s agen�s may.at Lender's option,enter t�e Property at any reasonable timo for the purpose of
<br /> inspecting thc Property.Lender shall give Grantor notice at the time of or beforc an inspection specifying a
<br /> reasonable purpose�or the inspection. Any is�s�ection of ihe Proper¢y shal!be entirely for Lender's Uene�it aad
<br /> - Granter��ill in no way rely on Le��der's u�spection.
<br /> 11. AU'L7��Hil'lY TO PERFORM.If Grantor fails to perfurm any duty or any of the cov�nnnts contuii►ed if�r.}�is
<br /> = 5ecurity Instrument,i.ender may.without notic�,perform or cause them to be performed.Grantor appoints Lender
<br /> as attorney in.fact t�sign Grantor's name or pay any amount necessar.Y for performance.Lender's right to per[orm fo�c
<br /> Grantor shall not c_e�1e an obligation to perform,and Lendcr's failure to perfom►will not preclude Lender from
<br /> exercisi�g any of X.ender's other rights under the law or this Security Instruanent.If any construction on the Property is
<br /> - discon�inuerl or not carcied on in a�reasonable manner,Le.nder may take all steps necessary to protect l.ender's
<br /> � security interest in the Property,u�cluding completion of th�onnstruction.
<br /> 12. ASSIGIVMEN'['OF 1.EASES AND REPPI'S.Grantor in•evocs�bly grants,conveys and sells to Trustee,in trust for the
<br /> bene�it of Lender.as additional sccurity all the r�ght,title and interest in and to any and all existing or futurc leases.
<br /> - subleases,and any o2'her written or verbal a�rm��nents for the use and occupancy of any portion of tlie Propercy.
<br /> inclad'un�a�y extensions,renewals,modi6cations or substite�tions of such agreements(all referred to as"Leases")and
<br /> rents,a�sues and proCits(all refened to as "Rents"). Grar+tor will promptly provide iLender with true and cocrect
<br /> - copies of�7?e:cisting and future Leases.Gra�itor may collec2,recr.ive,enjoy and use the YY�ents so long as Grantor is not
<br /> - in defa�t�..�der eL.��erms of this Securiry Instrument.
<br /> Grantor ac3cnowtedgrs that this assignment is perfecied upon the rec+ording of this�eed of Trust and that Lender is
<br /> cntitled to notify any of Grantor's tenants to makc payment of Rents duc or to become due to Lendcr. I-Yowcver.
<br /> - Lender agrees that only on defuult�vill Lcnder notify Grantor and Grantor's tenants and make demand that all futura
<br /> - upnr�t,�.,a�d direcdv to Lender.On recciving notice of default,Grantor will endorse and deliver to L.ender any _
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<br /> payment of Rents in l3rantor's possession und will receive any Kcnts m trus�ior iender n�u wi�.��oi�.�„�..��r.Fr•,••••.
<br /> �- Rents with any othcr f�nds. Any amounts collected will be applied as provided in this Security Instrument.Grantor
<br /> �vanants that no defuult exists under the i.eases or any ap��licablc landlord/tenant law.Grantor ulso agrees to maintain
<br /> - and require any tenant to comply with the terms of the Leases and applicable law.
<br /> � 13. LEASEYiOLO5;CONpOMINIUMS;Pi,ANNGD UNIT DEVELOPMENTS.Grantor agrces to comply�vitl�the
<br /> � provisions of any lease if this Security Instrument is on a Ieasehold.If tlie Pruperty includes a unit in a condominium
<br />-_ or a planned umt development, Grantor�vill perform all of Grantor's duties under the covenants,by-laws,ur
<br />- � regulations of the can�omimum or planned unit development.
<br />-.�.,� 14. DCfAULT.Grantor�vill be in default if any party obligated an the Securcd Debt fails to make payment when due.
<br /> Grantor will be in default if a Ureach occnrs under the terms of this Scclirity Instrument or any othee document
<br /> — (pago 2 ot I)
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