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<br /> g, �i�r�a��r,�uivxnces frum L.ctukr w Grantor cx oth:.r futurr obligati��ns of Granwr t��l.cn.k�un�k r any pr�smissory �-
<br /> natc,ccu�tr:ut,guaranly, ur ucher c�idence u�dcbt cxecutcd by� Gran�ur i►��+�o� :��L::��::r.z�cu:_:!�iter t!!�a -
<br /> Securiry Instrument whether ur nW this Security Instrument is apecifirally ref.renccJ. IF more than anc Ex:ruu� __
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<br /> siy�u this Sccurity Instrunzcnt,each Grantor agrr��th�t this S�,curity Insirument w�ill sccure�ll fuwr sdva�ucs atut =
<br /> {'u;ur�ot►ligations ttut are Riven to or incurred hy�ny cx�or more C;rantor, or any�ate or marc GranWr aiul __
<br /> Whers.A!!f'uture ad��anccs aruf uther tutur�c�bligaticu�s ate cecured by thix Sc�urity Instrumrni cv�a thau�fi a!1 in c_`
<br /> part may tu�t yct bc tulvanccJ.AU futurc advana:s wtid othcr futurc��ligations are sccurcd ae if n�ad.:on thc d�tc —
<br /> aF this Security Instrtunent.Ncxhing in tius Sccurity insirumcnt sisalf c�nstitut�a c.�mn�itm.ent to ma1:e addiiiona! �
<br /> cu[uturc Ic►a:�s or advanc,�:s u�any amc�unt•A+ny such ccxrmlitment must t�c aRrccd to in a scparatc writing. �
<br /> C. Ali obligations Grantar owes to i..ender,which may later arise,to the extent nat prohibited by law,incluJing,but
<br /> not limited to,IiabiGties for overdcafts relating to any c1�;posit account�grcement betw'een Grantor and Lxnder.
<br /> D. the Prn}�erty and'ti s value and any a hcnr su dvancyed and cxpennses inc ured by�Lc dcr tursder the temas of
<br /> this Security Instrumcnt.
<br /> 'I�is Sccurity Instrurt�.ent will not sccwe any other debt if l.ender fails to give any requircd notice of the right of rescission.
<br /> 5, ppYllfEN15.Grantor agrees that all payme�ts under the Secured Debt will be paid wheu due and in accordance
<br /> with the ternu ot the Secured Dcbt and this Security Instrument.
<br /> �c w�alltwMY OF'I9TI.E.Grantor wanants that Grantar is or wiq be law?ully s..ized of ihe estate conveyed by this
<br /> w Security Inst�ument and has the right to irrevocably grant,convey, anu seii ii►e ��p:.:tp i:,':'r.:..�:es,fi^rr�,�r,W�►h -_
<br /> power af sale.Grantor also warrants that the Property is unencumbered.except for encumbrances of record.
<br /> 7. PRIOR SECURITY INTERFSTS.With regard to any ather mortgage.deed of tnut,security agreemeat or other liea
<br /> docuinent that creZted a prior security iaterest or enewnbrance an the Property,Grantor agrees:
<br /> A. To[nake all payments wi�en dw,wiu io�x�o:�o::.am�:y anth al!covenAntc.
<br /> B. To promptly dzliver to Lender any notices that Grantor receives from the holder.
<br /> C. Not to aUow any modification or extension of,aor to tequest any future advances under any note or agreemcnt
<br /> secured by the Gen ducuraent without Leader's prior written oonsent.
<br /> 8. C1.AIINS AGAi1V5T 77'I7.E. Grantor will pay all taxes,assessments,liens,encumbrances,lease payments.graund
<br /> rents,utilities,and other chatges relating to the Property when due.Lender may require Grantor to provide to Lender
<br /> mpies of all aotices that stuh amounu are due and the receipu evidencing Grantor's payment.Grantor will defend
<br /> title to the Property against any claimc Wat would impair the lien ot this Secwity Instreiment.Grantor agrees to s�.ssign
<br /> to l.ender,as requested by L.ender,any rights,claims or defenses Grantor may have againsi�arties wha suppiY labor
<br /> or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Lender ma},at iu option,declase t�.entire bala3se of the Secured Debt to
<br /> be immediately due and payable upon the creation of,or contract for the creaiiau of,any lien,encumbraaoe,transfer
<br /> or sale of th�Property.Thu right is subject to the restrictions imposed by federal law(12 C.F.R.591), as applicable.
<br /> '17�is covenant shall nu�with the Property and shall remain in eff��t uatil the Secured DeM is paid in fiill aad thi.s
<br /> Seturity Incm�ment is released.
<br /> 1R PROPERTY CONDIT'ION, Ai.TEjtATIU1V5 Al`lr iN3rc�Tiivi:.v,uuiv;r:;;ii�.�Y twC nsar=�=; :u e^`�- --.
<br /> condition and make atl rep3irs that are reasonabiy necessary. Grantor shall not commit or altow any w�ste,
<br /> impairment,or deterioralion of the Property. Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor a�aees that the nature of the oocupancy and use wil1 not sut�stantialiy change without l.endei s prior wriiten
<br /> coasent.Grantor will noi permit az�y change in any license,restrictive oovenant or easement without Lender's prior
<br /> writtea consent.Grantor will notify I.ender of all demands,praxedings•claims�and aMions against Grantor,and of
<br /> any k�ss or c�mage to the Property.
<br /> Lender ar Lender's agents may,at Lender's option,enter the Property at any reasonable time for the purpose of
<br /> inspecting the Property. Lender shall give Grantor notice at the time of or befure an inspection specif�rmg a
<br /> reaeonable purpose for the inspection•Any inspecdou of the Property s6a11 be entirely for L,ender's benefit and
<br /> Grantor wiU in no way rely on Lender's iacpectioo.
<br /> iL AUTHORTI'Y TO PERFORM. If Grantor fails to perform any duty or any of the covenants oontained in this
<br /> Security Ynstrument,L.ender may,withoui notice.�eriorm or cawz.her,.ic ts:,g:rfos�rne3.Grxnt�r a�i*its Lencier
<br /> as attorney in fact W sign Grantor's name or pay any amount necescary for perEonnance.Ixnder's right ia perfonn fmr
<br /> Grantor shaq not create an obligation to perform, and Lender's failure to perform will aot preclude Lender from
<br /> exercising any of I.ender's other righu under the law or ttus Security Instrument.If any coiutruction on the Property is
<br /> discontinued or not casried on in a reaso�able manner, I.ender may take all steps necessary to protect Lender's
<br /> security interest in the Property,inciuding corapletion of the consmfction.
<br /> l2 ASSIGNMENT OF LEASES AND REN'I5•Grar►tor irsevocably grants>co�ceys and seUs to Trustee,in tnut for the
<br /> benefit af Lender,as addiliona!secusity a11 the right,title and interest in and to any and all existing or future leases.
<br /> subleases.and any other written er�erbal agreements for the use and occupanry of any portion of the Propert�r_
<br /> including any extencioRS,renewaLs,asodifications or subsdtutiotu of such agreer�ents(all rererred to as"Leases")ars�c�
<br /> rents,issues and profiES(all referred to as"Rents").Grantor will promptic:pruvide L,er.der with true and corcect
<br /> copies of all existing and future Leases.�rantor may collect,receive,enjoy azid e:se the Rent,so long as Grasitor is not
<br /> in default under the tersns of this SecucuY i^s�*"�"nt.
<br /> ��siior ac2:zcr::2cdg�that t��...��ent is perfectecl u;x�n the raoording of this Dc:.d of Trusi aucl that Lender is
<br /> entitled to notify any of Grantor's tenants to tnalce payment of Renu due or to become due to Lender. Howeves.
<br /> Lender agrees that only on default will Lender notify Grantor and Grantor s tenants and make detnand that all future
<br /> Renu be paid d'uectly to Lender. On receiviag notice of default, Grantor will endorse and deliver to Lender any
<br /> payment of Renu in Grantor's pcusession and will receive any Rents in trust for Lender and will not commingle the
<br /> Rents with any other fundc. Any amounts collected will be applied as provided in this Security Instrument.Grantor
<br /> warrants that no default exisis under the Leases or any applicabk landlord/tenant iaw.Grantor also agrees to maintain•
<br /> and require any tenant to comply with the terms of the LeaSes and applicable law. •
<br /> L�, iEA5EHOLDS;CONDOMINIUMS;PLANNED UNiT��VELOpMEMS'Grantor agrees to comply with the�
<br /> provisions of any lease if this Secur►ty Instrument u on a leasehold.If the Propc;rty includes a unit in a eondominium
<br /> ur a planned vnic development,Grantor will perform all of Grantor's duties under the covenants. by-laws. or
<br /> regulations of the condonumum or planned unit development.
<br /> - 14 DEFAULT.Grantor will be in default if any party obligated on the Secured Debt fails to make payment when due.
<br /> Grantor wiU be in default if a breach occurs under the terau of this 5ecurity Insuument or any ather document
<br />_ (pa�e2ollJ
<br /> O 19w Brrwa9y�w r�c.SL Clad.►w(t�a0o�7-?]!1)Faw RE-0T-ME ariN�
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