|
�..w. , �
<br /> � _-�A._..�_. . �_-_�_- _
<br /> - � _ - _= -
<br /> __ - ,..,. .r�::-_�r��r���:.;�y.,�.� _ - --- --_.�..
<br /> �r�...._--..•. - --- °- --- — — — —
<br /> .,_. .. .
<br /> • � `
<br /> __ — �
<br /> gv►"' ���r+"wg�►,:. _
<br /> �, All tutut�.�dvaaces from I.cn�kr tu Grantur or oth�r fucwc obligapocu utGrantor to L.cndcr under¢ny��roniisswY —
<br /> n�����,;,;,,,,,�a;,;,,nty,o;n:ker evi�!�!��'��'�ezecuted by Grantnr in tacor of LenJrr executed atter this _ .
<br /> Secwit y lnstr;uuent whetl�er or not thu Sc:curiry instrument is specif'ticalty' rcferenced.If n:urc than a��e pe�uu►
<br /> c��-ti;ttu;S;,cu;ity:nstsuuient,each G��otcx agr�:es th�t t h u S e curity[ns uumen t w�i ll s e c u rc:x U f u t u m a dv A C►e es uiul —
<br /> future ot�tigaiions that are gi�'en to ar incurred by any ocu:u.�r�o�e Grunto�,ur any on4 or more Granto�a�xl !
<br /> uthcrs.Aii iutiure acivu„�zs ar�w ot��r tutsrc oh!igau:ar.s*se�m�+t�tl hy th►s S.�curiiy tastrun�ent e�en thougl'�al�eK
<br /> pari enay not yet be adv�n.xd.AU future advanecs a�u1 other futum c�liGga:ians are seeurcd as ii macle un the ciatc _
<br /> of�his S;,curi;y Ius-.�uraient.Kcxhing in this Security Instrument chall constiwte a conunitmeni to make additiixtal
<br /> ar lutwe laans or acivances u��nY amount.Any such commitment must be agreed to in u separate writing. _
<br /> C. All obligations Grantor uwes ta Lender,which may later arise,to thc cxtcnt not prohibited by law,including,but _
<br /> not liraited to,liabilides for overclrafts relating to any deposit uccount agreement between Gr:+ntor and Lencler•
<br /> D. �he�pert�a.7d�ts aalue aad anyxo cr sums adtian ed and re.xpe�i�es incurred bY Lendcr under he elmu of -
<br /> this 5ecwity in.su'ument.
<br /> 11iis Security[nstrument will nc►t secure anY other debt if L.ender fails to give uny reyuimd notice ot the ri�ht of rescission•
<br /> S PAYIFIEN'TS.�tantor ag�ees tt►a�all paymenu under the Secured Debc wiU bc pttid whcn due and in aaordance
<br /> with the termc of the Secured Debt and this Security It�strument.
<br /> 6, VNARRANi'ti'OF 74TLE.Grantor warrants that Grantor is or witl be tawfully seized of the estate conveyed by this ,
<br /> jC�'tuiiy iTwiiaia:��:�».'1.`�. �t&�t)��.;�ht��irrevacubly¢r�a�conveY,��U�e Property ta TnLStee.1I1 ZIfLS�W1�1
<br /> power of sale.�rantor also warrants that the F'rnperty is unencumbered exoept for encumbranoes ot n'oord.
<br /> 7. PRIOR SECURIIY I1�7'GRES'TS.W�th regard to uny other mortgage,deed of trust.security agreen�:nt�rother liea
<br /> documen2 that created a prior security interest or encumbrance Qn the Property.Grautor agrees:
<br /> A. To make all payments when due and to perfurm or compty witb all coveaants. i
<br /> B. To promptly deliver ta L.ender any notices that Grantor receives from the halder.
<br /> C, Not to allow any modificaGon or extensian of,nor to request any tuture advances under any note or a�'eement
<br /> secured by the Gen document without Lender's grior written conseat. n o��
<br /> g. CLAIMS AGAIN�T 1711.E.Grantor will pay all taxes.a�ssessments,liens,encumbrances, lease payme 1s. S�
<br /> reats,utilities,and other charges relating to tl�e Property wficn due.L.ender may require Grantor to provide to Lender
<br /> . copies of all notices that such amounu are due and the receipu evidencing Grantor's payment.Graator will defend
<br /> ride to the Property against any ciaims that wwiW impair the tien of this Secur►ty Instrumen�Grantor agrees to assign
<br /> to I.�nder,as requested by Lender,any rights.claiau or defeases Grantor may have agzinst purties who suppiy labor
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SA�.E Oit ENCiJM�tANCE.Lender may,at its option.declare the entire h�lance of thc Secwed Debt to
<br /> be immediately due and payabie upon the creadon of.or contract for the crea'.ion of.ac�Y 1ien,encumbrana,traacfer
<br /> or sale of the Property.7his right is subject to the restricta�as imposed by federal law(12 C.RR 591),as applica►b1e.
<br /> 7Uis caversant sLalt run with the Properry and shall remain in effect until the Secured Debt is par�i in full aod this
<br /> Secarity Instrumeni is released
<br /> ,.........�. .■,rc�n,.�nug �nin iNCPF.(TIAN.Grantor will keep the Property in good
<br /> 1{L 1'l[�UlCxii i.vi�csaaavi.�t�a�a�.w.� _..-. _
<br /> condition and m�ke all repairs that are reasonabfy ��cessary. Grantor shaU �sflt commit or allow ang waste.
<br /> impairment. ot deterioration of the Property. Grantor will keep the Psoperty free of no�dovs weeds and grasses.
<br /> Grantar agrees that the nature of the occupancy and use w'ill not subsiantially change withaut Lender's prior written
<br /> oonsen�Grantor will not permit any change in any license,restrictive oovenant or easement without Lender's prior
<br /> written coacen�Grantar will notify I.ender of all demands.proceedings,claims,and aetions against Grantor,aad of
<br /> any loss or damage to the Property.
<br /> L,ender or Lender's agents usag.at Lender's option.enter the Property at any reasonable time for the purpase of
<br /> inspecting the Property.Lender shall give (3rantor notice at the time of ur before an inspectioa speeifying a
<br /> reasonabte purpase for the inspection.Any uupsctioa of the Property shall be entirely for Lender's benefii aad
<br /> Grantor will in na way rely on Lender's ic�ection.
<br /> iL AU'f1IOR1TY TO PE1tFORN. If Grantor fails to perform any duty or any of the covenants contained ia this
<br /> - c�:;,n;�T��r�„m�nt,t.ender may,withoul notice,perform or cause them to be performed. Grantor appoiuts Ixcsder
<br /> as attomey u�fact w sign Grantor's name or pay any amouat necessary for perfomaanoe.l.rnder s e��kd ta p:rfa-m for
<br /> Grantor sball uot create an obligarion to perform,and Lender's failure to perform will not predude Lender from
<br /> exercising any of Lender's other rights under the law or this Securiry Instn�ment.It'any coastr�tt°°°n tt►e�°�rt5'�
<br /> discontinued or not cmrried on in a reasonable manner,I.ender may take all steps necessary to protect Lender's
<br /> securiry interest in the Property,induding completion of tfie construction.
<br /> lZ. ASSIGNMENI'UF LEASES AND REN1S.Grantor irrecocably grants,conveys and sells to Trustee,in wst for the
<br /> benefit of I.ender,as additional securitY all the riBAt,title and interest in and to any and a11 e�dsting or futurz leases,
<br /> subleases,and aay other written or verbal agreements for ehe use and occupanoy of any portion of the Property,
<br /> includin�any exteasions,renewals,modificatiois or substitutions of such agreements(all refened to as"Leases")and
<br /> renu,issues anQ pro�its(al�Yeferred to as "Renu").Grantor will promptly provide Lender with true and correci
<br /> oopias of all existing and future Leases•Grantor may wllect,receive,enjoy and use the Renu so long as Grantnr is not
<br /> in default under tlse termc of thic Seeurity Iastrument.
<br />
|