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<br /> B. All futur��udvanc�s fcom Lend,,r ta Gtantor or uth�r futur ubligatiuns af Grantar ta Lcncicr undcr any��rumi�.utirv -
<br /> nate,cantract,guaranty, or ather evidencc of debt execu�ed hy Grantar in fa�•ur of l.�ndcr cxecutod atter this
<br /> S�curity Instrument whether or not this Security Instrument is s�xci�cally rrfcr�nr�d. If mare than ur,c{x�rson
<br /> sign�this Security In�t�ument,each Grantor agrees that this Sccurit}•liutrumrnt w�iU secur�all futurc�dvances and
<br /> t���ure ob!isatians that are given ta or incwYCd by any on�ur m��rc Grantar,ur any unc or mon Grantw aud
<br /> cKh�rs.Alt futur�advanc�s arul othcr futufe obiig�rions are sccumd by this 5ecur'sty tnsirument ev�n ttuwgh all ar
<br /> part may not yet bc advanced.All iuture ad��a�uas aod other futurc obligatiuns ar�secueed as iF inade un the datc
<br /> of this S::rurity Inctrument.Nathing in tnis Sccurity Instrument�hal1 mnctitute a mmmitnknt to makc additional
<br /> ar future loans or advances in any amaunt.Any such commitment mu+t he agreed to in a scparate w•riting.
<br /> C. All abligations Gra�tor owes ta Lender.which may latcr arise,to the extent nos prahibitcd by lau•,including,but -
<br /> not limitcd to,liabilities for overdrafts rclating to any depos3t accounl agrecment tutw�een Grantor and i.endcr.
<br /> D. All additional sums advanced and expenses incurred by l.ender for insuring,preservins or otherwise protecting
<br /> the Property and its value and any other sums advanced and exr,enses incarrcd by Lender under thc temu of
<br /> th�s Security Instcument.
<br /> 1'his Security Instrument wiA nat secure�ny other debt if Lender taiLs to give any required notice of the right of rescissioa.
<br /> 5. PAYMEN'I`3.Grantor agrees that all payments under the Secured Debt wiU bc paid when due and in accardance
<br /> with the tenns of the Ce;.ured Debi and this Secwity Instrument.
<br /> 6. WAitRANTY OF TTfLE.Grantor warrants that Grantar is or wiU be lawfully sci2cd of the estate conveyed by this
<br /> Security Instrument artd has the right ta irrevocably grant, convey,and sell thc Property to Trustee,in uvst,with
<br /> power of sale.Grantor also warrants that the Property is unencumbered,except for encumbrances of record.
<br /> 7. PRIOR SECURITI L`TERESTS.With regard to any other mortgage,d.��of trust,security agre�m�:.nt or oider litn
<br /> docnment that creatcd a prior security interest or encurabrance on the Frc�rty,Grantar agrees:
<br /> A. To muke all pa�zn.nis w�1�en due and to perform or comply with aU covenants.
<br /> B. 3'o promptly d:lir�r to I...�:ny3tr any notices that Grantor receives from the holder.
<br /> C. Not to allow•aan mod;firati��n or extension of,nor ta request any future advances under any note or agreement
<br /> secured by th-^lir•n document without Lender's prior written consent.
<br /> 8. CLAIINS AGAIIVST'IlTY.E. Grantor will F:ay all taxes,assessments,lietu,encumbrances, lease}�ayments,ground
<br /> rents,utilities,and uther charges relating to the PropeRy when due.Lender may require Grantor to provide to Lender
<br /> oopies of all notices that such amounts are due and the receipts evidencing Grantor's��ment.Grantor will defend
<br /> titie to the Property against any claims tbat would impair the lien of this Security Instrument.Grantor agrees to assign
<br /> to Lender,as requested by Lender,any rights,clauac or defeases Grantor may have against parties who supply labor
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR FIVCUMBRANCE.Lender may,at its option,declare the entire t�lance of the Secured Debt to
<br /> be immediately due and pay�bte upon the creation of,or conuact for the creation of,anv lien,encumbrance,trancfer
<br /> or sale of the Property.This right is subject to the resuictions imposed by federal law(12 C.F.R.592),as applicable.
<br /> This eocenant shall run with the Property and shall remain in effect uritil the Secured Debt is paid in full aad this
<br /> Secwity Instrument is released.
<br /> .w nehnon�ra�nAl►int77AA1 ���r�DATtAAtC ANiI INCpFLTIAI� (,_sa�t�►s u�i�l {rrPn the Prt�nerty in PIIOd
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<br /> condition and make all repairs that are reasonably necessary.Grantor shail not commit or aliaw any wastc,
<br /> impairment,or deterioration of the Property. Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of the aocupancy and use will not substantially change v►ithout Lender's prior written
<br /> consent.Grantor will noi permit any change in any license, restrictive cotienant or easement without Lender's prior
<br /> written ooaSent.Ctanior will notify L.ender of all demands.proceeding�,:::.ims,and actions�8ainst Grautor,and of
<br /> any loss or damage to tbe Property.
<br /> • L.ender or Lender s agenis may.�t Lender's option,enter the Property at any reasonabie time for the purpose of
<br /> inspectim�the Property. Lendes shall give Grantor notice at the time of or before an inspection specifying a
<br /> reasonable purpose�or the inspection. Any inspection of the Property shall be entircly for L.eader's beaeSt and
<br /> - C:.siar�:.l.'in n�^�;�-e!,^�Lender's in�t;•,�,
<br /> 1L A[7THORITY TO PERFORM. lf Grantor f�ils to perform any duty or any o€the covenants contained in this
<br /> Security Instniment,Lender may,without notice,perform o�r cause them to be performed.Grantor appoints Lender
<br /> as attorney in faet to sign Gtantor's name or pay any amonnt�ece.ccary for performance.Lencl�r's right to perform for
<br /> Grantor shall not create an obtigation to perfarm,and Lender's failure to perform w-�+]not preclude Lender from
<br /> exercising any of Lender's other rights under the law or this Security Iasttument.If any canctnut�on on the Property is
<br /> discontinued or not carried on in a reasonable manner.Lender may t�e all steps necessary to protect Lender's
<br /> security interest in the Property,induding completion of the construction.
<br /> lZ ASSIGNMENT OF LEASFS AND REN'I'S.Grantor inevocably grants,ccmveys and sells to Tnutee,in tnut for the
<br /> benefit of Lender,as additional secwity all the right,title and interest in and to any and all existing or future leases,
<br /> subleases, and any other written ur verbal agreements for the use and occupancy oF any portion of the Property,
<br /> including any ezteasions,renewals,modifications or substitutions of sucF�agseements(all refened toas"L,eases")and
<br /> rents, issues and�coSts(�ll referred to as"Rents"). Grantor will promptiy provide Lender with true and conect
<br /> copies of all exisiing and future Leases.Grantor may collea,reoeive,enjoy and use the Rents so long as Grwtor is noi
<br />_ in defauit under the temis of this Security instrument.
<br /> Grantor acknowiedges that th;s assi�uncnt is perfected upon the recorciing of this I3�..w of Trust and that Lender is
<br /> entitled to notify any of C,rantor's ten:,nts to r.1aFCC payment of ltents due or to bewme due to Lender.However,
<br /> Lender agrees that oniy on default will I.ender notify Grantor and Grantor's tenants and make demand that all future
<br /> Rents be paid directJy to l.ender.On receiving notice of default,Grantor wiU endorse arid deliver to Lender any
<br /> payment of Rents in Grantor's possession and will receive any Rents in trusi for Lender and will not commingle the
<br /> Rents with any oiher fiu�ds.Any amouats callected will be applied as provided in this Secwity inttrument.Grantor
<br /> warranu that no default exists under the I.eases or any applicable landlord/tenant law.Grantar also agrees to mainiain
<br /> and require any tenant to comply with the terms of the Leases and applicable law.
<br /> L3. LEASEHOLDS;C�NDUMINIUMS;PLAI�'NED UNIT DEVELOPMENTS.Grantor agrees to comply with the
<br /> provisions of any lease if this Security Instrument is on a Ieasehold.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 />= regul�tions of the condominium or planned ur�it dcvelonment.
<br />— 14 DEFAULT.Grantor will be in default if any pariy obligated on the Secured Debt faiLs to make payment when due.
<br />= Grantor wiU be in default if a breach occurs under the terms of this Security lnstrument or any other dceument
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