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<br /> n. �iti tuiu,�au�anr:f::,^�l.�n�s to Granau nr othc�futurc ut+1i►;atiwu ctif Grxntur w l.ciulcr un�kr any prc�missory = .
<br /> notr,rw�lract,guaranty.��r uther c�ickncc a�dcbt rxccutcd hy Grantur in fa�•u:��F Lcndcr caccut;cl af�cr iiva �v
<br /> Security In�irununt whc�tur or nW this Security Instrument is s�xcilicaQy rcfereixcd. If murr than��ne petsm
<br /> sigc�s thi�Security Instrtuneat,uach Grant��r agrecs th;►t this 5ccucity I�t�trument w•ill kcur�All futtir•rd��anees�sd _
<br /> iutur� ubiigrii�ii,s ih:+i ar tiiven to c�r:ncucred hv any�uu�iw uiore Gruntor.�,r any une��r motc Grantcu ansl �-__
<br /> «hers, ,+u�(u�ur�aih�anres atui uihi:r future obli�;aticros ar�secur�d by�this Sccurity Ins�rumrnt et-�n tho�h alt or �._
<br /> p;irt�tia}noi y�t�c advanced•All futurc advanccs tu�i othcr futurc�ligatians are srcurcd a:.if mack on the date �-:�_
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<br /> of this Security Instrtunent.idathin�in this Security lactrument shall rnrutitutc a c�xumitment to make aakiitioaat _
<br /> ar tutun:laans or advana:s in any umount•Any such rnmmilment must bc agrccd to in a sr:paratc writing. _
<br /> C, p11 ot�ligations Grantar owcs to L:ndcr,which may lulcr arise,ta thc�xtent not prohibi[ed by law,including,but __
<br /> nc�t limited to,liabiGties for overdratts relating to any deposit accaunt agrecmcnt hetw•een Grantor and l.cnder. __
<br /> D h'e Property a�d ts valuc and any oiher sums dvanc d and cxpcnses incuRed by�l.ender uader the terms of
<br /> this Security Instrument.
<br /> This Secwity lastnunent wiU not sectue any other debt if Lender fails to give uny required notiac of the right of rescission.
<br /> 5. PAYMEN'I'S.Grancor agrees that all payments under the Secured Dr:bt wiA be paid when due and in acrordanc�:
<br /> with the terms of the Secured Dcbt and this Secwity Insirument. _
<br /> ti. WARRAIVTY OF TITLE.Grantor warrants that Grantor is or will be IawfuUy seized of the estate conveyed by this
<br /> Security Instrument and has the right to irrevocably grant,canvey, and sell the Property to Trustee,in trust.with
<br /> power of sale.Grantor afso warrants that the Property u unencumbered,except for eiuumbrances of record.
<br /> 7. PWOR SECURTTY INTEitF.S'TS.W�th regard to any other mortgage,deed of trust,security agreement or other lie�
<br /> document that created a prior secwity interest or encumbrance on the Property,Grantor agrees:
<br /> A. To make uli payments when due and io pertorm v�co„�pfy wi.h atl r�ven:nis.
<br /> �3, To promp!ly deliver to Lender any noiices that Grantor receives from the hold+zr.
<br /> C. Not to allow any modification or extension of,nor to request any futwe advanccs under any note or agreement
<br /> secured by the lien document without Lender's prior written consent.
<br /> 8. CLAIMS AGAll�:S'T 7TI'LE.Grantor will pay all taxes,assessments.liens,encumbrances, lease payments,ground
<br /> rents,utilities,and oiher charges relating to the Property when due.I.eatter may require Grantor to provide to Lender
<br /> copies of all notices that such amounu ue due and the receipts evidencing Grantoi s payment.Grantor will defend
<br /> title to the Property against any claims that would impair the lien of this Security Instrumcnt.Grantor agrees to assign
<br /> to Lender,as requested by Lender,any righu,clainu or defenses Grantor may have agai►�si parties who supP1Y labor
<br />_ or materials to maintain or improve the Pro��ty.
<br /> 9. DUE ON SALE OR ENCUMBRAI�ICE.Leader may,at its option,declare the entire balance of tYK:Secured Debt to
<br /> be immediately due and payable upon the creation of,or eoatract for the creation of,any lien,encumbrance,transfer
<br /> or sak of the Property.This ri�ht is subject to the restri�i�s imposed by federal law(12 C.F.R.591),as applicable.
<br /> 'I7�is wvenant shall run with¢he PropertY and shall reu�n in effect until the Secured Debt is paid in full acvS thit
<br /> cµ�.,�.;t��nctrnrrwnt is re1P.aSCd. _
<br /> 1Q PRUI'ERTY CO��ITION,AL'I'ERA'FIQI�IS AND INSPECTlQ1V.Grantor will keep tae Ytoperty ia good _
<br /> condition and make all repain that are reasanably necessary. Grantor shall not commit or allaw any waste,
<br /> impairment,or deterioratioa of the Property. Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of thc oceupancy and use will not substantially change without Lender s prior written
<br /> consent C'irantor will not permit any change in any Gcense,restrictive covenant o�easement without Lender's prior
<br /> wriue:�oonsent.Granto�will notity Lender of all demands,proceedings.claims.and actions agaii►st Graator,and of
<br /> any loss or damage to the Property.
<br /> Lender or I.ender's agents may,at Lender's oprion,enter the Property at any reasonable time for the purpose of
<br /> inspecting the Property.I.ender shall give Grantor notice at the time of or before an inspection speeifying a
<br /> reasonable purpose for the inspection.Any inspection of the Property shall be entirely for Lender's bene�it and
<br /> Grantotwill in noway rely on Lender s inspecdon.
<br /> i1 �4U':';-;p:q3Ty'i'p PERFORM. If(3rantor fails to perform any d�ty or any of the covenants contained in this
<br /> Security Instrument,Lender auy.wichost notice,perform or cause them to be performed. (irantor appoints i.encirr
<br /> as attomey i�fact to sign Grantar's name or pay any amount necessary for performance.Lender's right to periorm for
<br /> Grantor shall not create an o2�ligation to perform, and Lender's failure to perform will not preclude Lender from
<br /> exercising any of Lender's other rights under the law or this Security Insvument.If any wnstruction on the Property is
<br /> discontinued or not carried on in a reasonable manner.Lender may take all steps necessary to protect Lender's
<br /> security intcrest in the Property,including completion of the canstruction.
<br /> � l2 ASSIGNMENT OF LEASFS AND RENlS.Grantor irrevocably grants,conveys and sells to Trustee,in trost for the
<br /> benefit of Lender,as additional security all the right,title and interest in and to any and all exi�ting or future leases,
<br /> subleases, and any other written or verbal agreemenu for the use and occupancy of any portion of the Property, _
<br /> ineluding any extensioris.renewalc,modifications or substitutions of such agreements(all refened to as"Leases")ar►d
<br /> rents,issues and profits(all referred to as"Rents").Grantor will promptly provide Lender with true and correci
<br /> _ copies of all e�ting and future Leases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor u not
<br /> _ in default under the terms of this Securiry Iaetrument.
<br /> - Grantor ackaowledges that this assignment is periected upoi ihe:cccrdirsg of sh�Dee@ of 1'rust and that�ender is
<br /> entitled to notify any of Grantor's tenants to make payment of Renu due or to become due to Lender.However,
<br /> _ Lender agrees that only on default will Lender notify Grantor and Grantor's tenants and make demaad that all future
<br /> Rents be paid directly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lender any
<br /> payment of Rents in Grantor's possession and will receive any Renu in trust for Lender and will not commingle the
<br /> Rents with any other funds. Any amounts callected will be applied as provided in this Security lnstrument.Grantor
<br /> - wananu that no default exisu under the Leases or any applicable landlord/tenant law.Grantor aso agrces to maintain
<br /> - and reqnire any tenant to comply with the terms of the l.eases and applicable law.
<br /> � 13. LEASEHOLDS;COND014QNIUA�tS;PLANNED UNIT DEVELOPMEN7'S.Grantor ag�ees to comply with the -
<br /> ::� provisiuns of any lease if this Security Instrument is on a leasehold.lf the Property includes a unit in a condominium
<br />_ ,� or a pl�nned unit development, Grantor wiU perform all af Grantor's duties undcr thc covenants.by-taws,or
<br /> regulations of the condominium or planned unit devetopment.
<br />-~� 14 DEFAULT.Grantor will be in default if any party obligated on tha Secured Debt tails to make payment wlien due. -
<br /> � Grantor will be in default it'a breach oceurs under the terms of this Security instrument or any other document
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<br /> O/M1 LanYrs t+�ralrrr.Nc.S�.Cbud.IRJ(t-0OOJB7^ti.i'N)Fortn RE-DT-NE dl�W
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