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<br /> �3. AU futur�uiv;ux+ts frwn l.�:iuk r tu(;ranlo�ur�ulu r futuri��t+ligatl�x�x��i Urrnt�u tu l.�ixkr wxkr Yny pn��isxxy
<br /> rxxc,ciu3trkt,Ktw�xnly,uc ultur�vitkncr t�f �bt ex�cut�ci t+y�icantur in fn�•ur uf ixixk� �s.�uttu'a;I�c��:::
<br /> S.:curity In►trunknl whethir ui niu this��curiry Insiru��unt i.��xcifKall�•►rfrrcixed. Ii nxu�th:ui�� p�rsu+i
<br /> aiun.�lhir Sr�uritY Itui�su�u nt,c�h Cir.uitur�grc.�that this kcurity trulrwi�rnt will sccum xl1 futum rd�•a�ktis�nd
<br /> f�t�+m ahlivy�icwi�Ikaf�rr 4tivki�1:*ur iiuur�.d b}sn� cuk w auu'� �rantor.QI YSl}�OIIi O(tilUi'�CiP811ItH HfICI
<br /> otheis.All futum aalv�nceF anci other t'utur�ohligatiau xr���cur�d hp this Securit}�l�u�rw�knt c�•en tlx�uKh all�,r
<br /> �+r.rt ma�a►t yel hc ruivancrd.All futurc wJ�•wtiocs a�u1 cuh:r futurc abligaticxu ar�scrurrd as if mac1�cm thr. datc;
<br /> �Ihis Security Listtutnc.nt.Noihing in this Seeuriiy I�utrument shal!ew�s:itute�►ea�unitaunl iu n�akc:►tt.fitionat
<br /> cu tutum loans or advances in any uiu►um.Any sush axnnumunt murt tk u�;rccd to in�xp:►r•rtc writins.
<br /> C. All c�hligatiwu Grantw owcs ta l.endcr,wfiich nwy latcr arisc,w ttu�xtcnt nat prc�hib;tcd by law,including,but
<br /> not limited to,IiabiGties fur a��rrdraits relating to a��y cieposit account agnrnunt between Grantor;uid I.ecuier.
<br /> D. AU additional swns suivana:d and expcnses incurred by l.cndcr Cor insurinR,preservin�ar atherw�e protccting
<br /> thc Propcny and its value aiul any athcr sua�s acivauoe�aud e�pcnses incurred by Lcndcr w�der thc ternu aF
<br /> this Scctuiry Iastrum�xnt.
<br /> 'tluc Security Instruu�ent wiB noe seeurc aay otlier debt if Lecuk:r fails to giv�any required notioe af the right ot rescission.
<br /> S. PAYNlER�7`S. Grantor agrees that ap payutients unde� the Secured DLbt will be paid when due and ic►aaord�nce
<br /> with thc terms of the Secured Debt and�hic Security Q[utrueneat.
<br /> b WARRANTY OF 1I11.E.Grantor watrants that Grantor ic or will be lawfuUy seized of th::estate con�•eyed by this
<br /> Security l�utrument and has the right to irrevocaDty grant, ccxrve�•,and seii cne rroperiy io i�wi�e.u,w.�..�'.•.:
<br /> pow•er of sale.Grantor also wartants tl�at the Propecty is unencumbered.except for enc:umbrat�ces of record.
<br /> 7. PWOR SECiIRf'I'Y INTERFS'I'S.With regard to any other naorigagc,deed of trust,security agreement or�ther lien
<br /> document that created a paor security interest or eacumbrance on the P�operty,Grantor agrees:
<br /> A. 'To make aIl payments w6eQ�iue uuu:�pe�a�:,,c�s.:.�ly�.�.��:ll cavec�°..n*.:.
<br /> B. To promptiy de6ver to Lender any noticcs that Grantor receives from the holder.
<br /> C. Noi to atlow any modification or extension of,nor to rec�uest any future advances under any note or agreement
<br /> secured by the lien doctunent without I.eader's prior written consent.
<br /> �. C1.AQNS AGAIl�LST 17Tl.E.Grantor will pay all taxes,acsessmenu,liens,encumbrances, lease paymeats,gro�nd
<br /> rents,utiGdes,aad other charges relating to the Property when due.Lender may require Grantor to provide to Ixnder
<br /> copies of all notioes that such amounts are due and tl�e�eceipu evidencing Grantor s payment.Graator will defend
<br /> title to the Property against any clai�ns that would impair the lien�F tl�is Security I�tstnunent.Grantar agrees to assign
<br /> to Leuder,as requested by Lender,any rights,claims or defeases Graator may have against parties who suppty labor
<br /> or materi�ls to maintain or iraprove the Property.
<br /> 9� DUE ON SAI.E Ojt ENCtJM1tRANCE.Lender may,at its optioo,declare tbe entire balance of tbe Secured Debt to
<br /> be inomediately due aad payxWe upon the c.reation of.or oonuact for the crearion of,any lien,encumbraa�oe.traasfer
<br /> or sale of the Property.'Itus right u subjeci to the restrictions in�OSed by federal law(12 C.F.R 591),as applicable.
<br /> 7tns cavec�ant shaU rua with the Prnpeity and shali remaia in effect uatil the Secured Debt is paid in full and this
<br /> Sectuitv Inarument is reieased.
<br /> 10. PAOP�A'I'Y CQ;�l?I'f[flN.ALTEitE!'I'i011iS ANQ iNSP�CTION. Grantor will keep the Pronerty in good --
<br /> conditioa and make all repairs that are reasonably necessary. Grantor shall not commit or alluw any waste.
<br /> impairnatnt.or deterioration of the Property.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor�grees that the natwe of the occupancy and use will not substantially change withoui L,ender's prior K�niten
<br /> conseat.Grsantor will not pemut aay change u� any licease,resirictive oovenant or easement without Lender's prior
<br /> written ooaSen�Grautor will natify I.eader of all demands.proceedin&s.claiau.aad actioas against Graator.and oE
<br /> aay loss or darrs�ge to the Property.
<br /> I,ender or Lender's agenis�.ay, at Lender's option,enter the Property at any ressoaabte time for the purpose of
<br /> inspecting the Property. Leader s6a1!give Grantor notice at the time of or before an inspection specifyiag a
<br /> reasonable�xupose for t6e inspection. Any iaspectioa of the Property shall be entirely for I.ender's heaeSt and
<br /> Graator will ir�uo way rely on Lender's incpection.
<br /> 1L AUTEIORFFY T'O PEiiFOitM.If Grantor fails to perfoim any duty or aay of the covenanu coatained in this
<br /> Security instn:men�Lender may,witi�out nociee,perform�r cau�e'ux:uz:o tr�pe;o�c3.:raat�r aY�i:�i...m�er
<br /> as attorney in fxt to sign Grantor's name ar p�y aay amouat necessar}�for performance.Lender's rigbt to perforat for
<br /> Grantor shall noi create an obligatioa to pedomt,and I.er�der's tailure to perform will not preclude Lender from
<br /> exercising any oi Lender's other rights aader the law or this Securiiy Instrument.Yf any constructwn on the Property�c
<br /> cliscoetinuea or not carried on in a reasonabte manaer,Lender may talce all steps ncassuy to pretect Lender's
<br /> sacurity interest in the Property,including comp3etioa of ihe coastruction. '
<br /> lL ASSiGNMF.IVT OF LEASES AND RF.lvi'S Grantor irre��ocably grants,conveys and sells to Tn�ctee,in trust for the
<br /> 6enefit of Leader,as additional security all the right,title aad inxerest in aad to any and all existing or future leases,
<br /> subleases,aad uiy other written or verbal agreements for the use and occupancy of any portion of the Property,
<br /> in►.U�Ciing aay e�teasions,renewals,modificatioas or substitutions of such a�reements(all referred to as"L.eases")and
<br /> rents, iss�es and profits(3i1 referred to as "Reuu").Grantor will promptly provide Lender with true aad correct
<br /> oopies of all e�isting aad Euiure Leases.Grantor may collect,reczive,enjoy and use the Rents so loag as Graator is not
<br /> iv d�efault uncier the terms of this Stxuiity Instnuneni.
<br /> Gr�ior acfcna�wteuges tiui t�a;sig,arxn. is�f�e�ufsaz th�rccxirdi�g af t�'s Deed o:Trust assd that L�der is
<br /> entided to aotify any of Grantor's tenants to make payment of Renu due or ta become due to Leader.However,
<br /> Lender ag�ces t}tat oaly on default will Lendet aotify Grantor and Graator's tenants and make demand tl�at all future
<br /> Reats be paid direcdy to Ixader.Os receiving notice of default,Grantor wilt endorse and deliver to Lender any
<br /> payment of REnts in Gf�antor's pcusession and wi;l receive any Renu ia trust for Lender and will noi commingle the
<br /> Rents with any other funds.Any amounu collected will be applied as provided in this Security Instrument. Grantar
<br /> warranu that no default exists under the Leases or any applicable landlord/tenant law.Grantor also agrees to maintain
<br /> and require any tenant to cotnply with the temu of the L.eases and applicable law.
<br /> 13. LEASEf101�S;CONDOMII�TIUMS;PLANNED UNIT DEVELOPMENTS.Grantor agrees to comply with the
<br /> provisions of any tease if this Security Instrument is on a leaseho�d.If the F'roperty includes a unit in a condominium
<br /> or a planned unit development,Grantor will perform all of Grantor's duiies un�er the cuvenants,by-laws,ar
<br /> regulations of the condominiwn or planned unit development.
<br />- 14 DEFAULT.Grantor wiU be in default if any party obligated on the Secured Debt fails to maice payment when due.
<br /> Graaior will be w default if a brearl�occurs�usder ilxe terms of this Security Iastrument or any other document
<br /> �(p�q12of 4)
<br />— O tYw Mdr�Sy�M�a Mc..S�.Ckul,�w UJ00.1G7,i�at)Fw RE-Dt�o1E MrA1
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