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<br /> g, pll fut�ue od+rances frum Leader to�aror or ath�t futuce obligatioas of Urantor to i.ender under any promissory -c:
<br /> d
<br /> note,oontrasi.gnaranty,at o'.h=r e�'►di3uY.c o�d�bt exec�ated by CjranYor ia favor of Irender executed after this �<
<br /> Security Iastniment wheti�r or Qa:ttfs�.�ctmty Instrument is sperif�c�lly refereaced. If more than arte petsnn ..�`�
<br /> " sigus this Secu�ity Instn�ment,eaen Grantor agreQS that this Securiry I n s t r u ment c+�7 1 secum a ll f ut�re a dvaases aA d t'�._.
<br /> gr s
<br />� €uttue obugatioas tQ�at aze�iven to ar incunrsd by siny one or more Gtantor.or any onc or more Grantor an� �_-
<br /> otheis.All future advanec�afld otlier future obligaaans are secured by ihis Security Instrument even thoug�+all ar ;�_:
<br />. ' �Sart may not yEt be advanfled.Ail fnture advanflzs and oiher future obligations ac�secvred as if made on t�e date �z:.
<br />�, of t�;s�xar�ity Insir�men�NothIag in this Securiiy inshvment shall oons4tute a commitrnent to make additional _
<br /> _. us f�:�s�.^�:tcr�ts or advan�,s in any amount.My such cammitment must be agreed to in a separate�vritin& ��;
<br />: • C. P►ll obTi��Grantor ow�s to Lender,vriuch may later arise,to the eRtent uot protubited by law,including,but
<br /> aot fimiied to,liab�L'ties for overdrafts retating to any deposit aocount agreement betaveen Grantor and Lender. �__
<br /> r • �'. A!1 additianal snms advanced and expenses incuaed iry Lender for insuri�g,Pr�nring or otf►eiwise proiec�ng
<br /> �.;°: the ffroperty and its�alue and arr3r oth.s sums advanced and eapenses incurred by Lender under the terais of
<br /> :. • this Seciuity ItistzamenL
<br />'�'�;�;�.� 1�is Secnrity Instrument�ill nai secure any othsr debt if i.ender fa�.s to give any required natio�of the right of tescsssion.
<br />'^t�;,� 5. P�t7tME1lPi5.Geantor agre+�tlrst sU payments�mder the Se�tted Debt�NiD be paid when due and in aacardance
<br />-;�,,,f� with the terms af tT¢c Seairest De6i and t6is Security Instrumeut.
<br />" �"'' �, 6ypRYtA1'�1�'QC��`�.E.Giantor warrants that Grantor is oa will be iawfully seized of the estate comreped by this
<br /> �'.:t ' Security.Ins�and has the right to irrevacabiS'g,�ant,convey,and seII the Property to Trostee,ia trust,with =_
<br /> � ps�vu��of sate.t�rantor also warrants t6at the Praperty is anencumbered,except for encumbranc�cf�sord. _
<br /> . � �ff�'i�SECURI'�Y Il�ii'ERE5TS Witdd regaie�t+v any nc�t mortgage,deeci of trust,s�itY�-nt a:ath�isL�
<br /> . �ent that created a prior securtty�er�st aresso,�c.�mr„e on the Peaperty,Grantor agrees:
<br /> ` A. Ta make all payments when due arui tg pe=form or wmpiy with ail covenants. _
<br /> .::;,-. .
<br /> .• B. To promp8y deliver to Lender any u.�ctt��s tbat Csantor receives from the hoider. _
<br />..;�i�� G Noi to aBow any modificatian or�r�em��n o�noz to re4uest azty ffiture advanres under a►cy m�te or agreement �
<br /> _=�_� secured by the lien doc�men2 wiihoue I.ender's prior written�nsent.
<br />'����;:� a Cl.AIIHS AGA�1iS"�RT77.E.�'.�.ator aill pay ali taxes,assessments.liens.encumE�ranses,iease pay�nents,�TOUnd
<br /> r : rentg,utilities,and ather c�arges reSating to the Property when due.I.ender may require Grantor w provide to Lende7 --
<br /> oopies of sil notioea that such amouats are due aad the receipts evidencusg Graato�'s paymen�Grantar w�l defend --
<br /> ' `' titIe to the PmpVrty against any ctaims tbaz Nauld impair the lien of tbis Sea,uiry Insu�tmsnL 2ir.ustr�s a�ees to assign —
<br /> w I,eaQer,as reg�.��bY t�.?er,any righis,claims or defe�es Granwr may bave agai�st paz[ic���'aA supply.ta6or
<br /> orr�ti"erials to maint�it}ct" ;.���e the Property. � . .
<br /> � . 9 �L1����PI SA�OR ENC�:3�THAHCE.Lender�ay,�.���s aption,declare the e�tms(f�'.�t�.c€�,;.�_�Ak`.�St,io
<br /> . � be im�hediately dne and pay-4�;r upon the G?eaiion o�or eoniract for the creation of,zay tien.e�-�bra�ce,.1�-n,..�r . -
<br /> or sale of the Property.This right is subiea:tr;z the restrictions imposed by federa�law(12 C..I'.�5:.'�:�i),as applicabte. :_
<br /> � T6is oovenAnt shall run with t�$Pi'flFeatc�:;�ip�shall remain in effeax until the Secured Debt i�r�.�a:d in 5ull and tlus
<br /> . 5ecurity Isstrument is releast�.� � � .
<br /> � iQ.EROPERT9i CO1VIIf&Tit�9�a�':'3'E��alel3 AND.�3��ON,Graator��lseep the Propsrty ia good
<br /> � wndition aad mak,e ali r�,.Ae!s tbat 2r3 ff.°.asonabIy nesess2ry. Grantor shalt�n�t commit ar allow any waste,
<br /> " impairment,or d�r;�lora�ioi�o:the Pcxx�?�y.Grantor�weU keep tba Progcity free of noxinu��,:eds and grasses. F
<br /> Grantor ag�ec���.'the natute of ttte occugzncy and use will aot subs.�rs�ity change without�r-.�„er's prior vmtten -
<br /> � , c�nsent�Grautor will n�ot pe�cit a»y change in any license,restrictive cavenant or easement cc,�'srut L.eader's prier
<br /> ° wriiTen consent Grantor wlf��iutify Leader of sIl demands,proceedings,claims,and aciinns against Grantur;;:�d of
<br /> '.. . any loss os damage to the Prcp�ty. ' '
<br /> , _ �, Lender or Yxader's agents may.at Lender's optian�enter the Praperty at any reasonable time fot the p�p�ase oY
<br /> � i�specting the Properiy.Lender shafl��Grantor notice at the time o f or be fore an irtsp,..-ctton spec i f y i ng a �
<br /> " � reasonable purpase for the iqspectian. Any inspection of tbe Property shall b�entirety for L,�xder's benefit ared �
<br /> :;�:`� � Graator will in ao way rety ar�:�[,ende�'s inspectton. _
<br />.___...T��.. . .
<br />°°°�=`' ' 12. AUTHOItITY TO PERAt�1TsIJ�If Grantor fails to perform any duty or any of�i�e covenants contaiaed in thls _
<br />-' Security Instrument,Lr�sz+'1c,7��ay.without notice,perform or cause the7a t�ue performed.(3rantor eppoints Leader
<br />. � an attvmey in fas�!Un:�i�.�wrantor's aazae or pay any amount neoessary for performance.Leader's right 40�erfdrm for �
<br /> Grantor sha111aca�.�gdte�in obligasion to perfarm,and I.ender's failr�a�to perform will not�Sr.ecIuda Lender from
<br /> . " exexcising any of�.endci's ottuES rights under the law os this Secwity Ins�en�If any�onstrrbs�;on on the Property is �
<br /> . � di�;�ntinued or not carried�.ta in a reasonable zaanner.Leader may take all ste�lr r.,�a.��:.^ry to protect L�tdor's ,
<br /> . � skciaa�nty interest in the Prapei�r,incIuding complerion of the constructian.
<br /> � � . IZ. ASSIGNMENT OF LEAS�S AND R�FFS.Grantor inevocably grants,conveys aud sE�Ts Co T,�;�tee,in trust for the =
<br />� � �� �benefit of Lender,as additional secnriry�L;r.�e right,tiue and Interest in and to any and a1I ex;�:��c,g or future leases.
<br /> • subleases,and any other written or vertF�?agreements for the use and occupancar cY any{u�t4cemn of the Propetty,
<br /> iacluding any extensions,renewals,modifications or substitution9 of sucb agreement�Q�refemai to as"Leases")and
<br /> rents,issues and proSts(aU r�cLerred to as"Rents").Grantor will promptiy pro�ii�J�.ender with we and correct
<br /> � . copies of all e�risting and futt..�.�.eases.Grantor may collect,recelve,enjoy and uss the ltenis so long as Grantor is not
<br /> � in default under the terms of this 5ecurity Fnstrument.
<br /> Grantor acknan�:�,�-�es that this assignn�ene i�perfected upan the ror�r.Ei�:.�g of this Deed af Tur�-�and that Lender is
<br /> - - � entiued to notify ar.y of Grrxor's tenants to make pnysnent of Rer.2s due or to become due c�a I.ender.F��rnever.
<br />�°':- � t,c�rsrirr agrees that only on d����lt will I.cnder norify Cirantor and Graator's tenants and make dema�d that.alZ"future
<br />".`� � Rents be paid dIrectly to b�-►rcler. On receiving aotice of defaWt,GYantor will endorse aad deliver to f..ra�vli:r any
<br /> ' payment of Rents in Grantar's possessian and will receive any Rents in trust for Lender and tivrl%�,�t o��.�r�i:ehe
<br /> Rents with any other funds.Any simount�col2ected will be applied as provided in tlus Securitv 15.�sumeal.�tantor �
<br /> .�:;:. watrants that no default exists vnder the Y.eases or any applicable tandlord/tenaat law.Grantor��E�'ees to maintain =
<br /> :'.�' ' � and require any tenant to cosr�iy with the terms of the Leases and applicable law.
<br />�'i�. � 13 LEASF�iOSd13;COl�tiiOl��9�JMS;P1.ANN4�01J1e1IT D�YElA�A9EPti'S.Grantor agees to compl�++rH+:a the '
<br /> provisions of any lease if�1�^s�ecurity Insm�ment is on a leaseho2d.If the Property includes a unit in a condo�ainium =
<br /> . or a planaed uniE devetopment. Grantor v�ill pedorm all of Grantor's duties under the cocena.�ts,by-laws,or -
<br /> � regulations of t3:e co�daminium or planned unit development.
<br /> 14. DEFAlJ1.T.Grantor will be in default if any party obligated on the Seenred Debt fails tn make paycn�ctt c�insn due.
<br /> • Grantar arill be in default if a breach occ�us under the terms of this Security Instrnme�t or any other cii�.cument
<br /> _ : - j�s�2ct�}
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