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<br /> . All futurc advanccs from i�.cndcr tu Grantor or oihcr futurc oblig�tions of C3rumor tu I�:ndcr undcr any prr�mi's;�i �1._--
<br /> 13 _
<br /> note,contri�ct,�u�rnnty,or other ev{dence of debt er:ccutcd hy Grnntur in fnvor of I.ender exccutcd uftc _.
<br /> Securfly Insirumetit whether or not dtis Seaurity Insirument Is spcciC�ci�lly retercnccd. If more th��n unc per�on a:
<br /> signs Iliis SccuQily instrument,cnch Cirt►ntor ngrces thnt ihis Sccurity Instrumcnt will sccurc i►II futurc advi�nc;cs tmd E`,
<br /> futurc obligations thnt urc�ivc�e ro or incurrcd by any onc or muru Grnntur,ar nny onc oe mor� Ornntor mid
<br /> oilicrs.All fuwrc ndvances ans�othcr fut��rc nhlignti�ms rire securcd by tl�is Sccuriry(nstrumcnt c�cn though nll ar ��.�=
<br /> pi►ct may r�ot vct!x adv�nccci.flii iuiurc u�vai�iu;�a���i Gii:���utG:�^��!'v'�'Iial�a nrn crrur�d ns ii madc un thc�iilltl =
<br /> of this Sccurity lnstrumcnt.Nathing in this Security Instrumcnt sh�ll constiwtc n com�nitment to mnkc additionnl
<br /> or tuturc lonns or ndvnnccs in nny nmount.Any such wmmitmcnt mu5►bc:a�rccd ta in a scpnratc�vriting. __
<br /> C. All�bligations C3rantor�wcs to l.cndcr,which mny IE�tcr nrisc,to thc extcnt not prohibited by luw,inclttding,but —
<br /> not Ilmited to,linbilitics for o��crdrutts rclnting to nny deposit nccount ngrcemcnt betwccn Grantor nnd Lcndcr,
<br /> D. ttie Pro�perty nnd its vatu nnd nny�o her sumsUad anc ed nnd expenses i�ncu reJ by�L.endert ncicr the termsl of _
<br /> this Sccurity Insteumcnt.
<br /> This Security Instrument will nat securc any other dcbt if C,cndcr fafls to give any rcquircd notice of the ri�ht of rescission.
<br /> 5. PAYMENTS�C3rantor i�grces thAt all payments under thc Secured Dcbt wiq be paid whcn due and in accordancc
<br /> with th�torms of the Securcd Dcbt nnd this Security Instrurt►ent.
<br /> 6. WA�RANTY QF TITLE.(3rantor warrants that Grantor is or will be lawfully scized of thc estate conveyed by this
<br /> Security Instrumcnt and ht�v thc right to irrevocably grant,convcy,and sell the Property t�Trustec, in trust, with `
<br /> �ower of snlc.�rantor also wnrrunts that the Property�s unencumbered,except for encumbrNnces of record.
<br /> 7, PRIOR 9GCURlTY INTEBESTS.With regard to any other m�rtgAge,deed of trust,secwity agreement or othcr licn
<br /> document that crcated e prior security interest or cncumbrancc m�tlie Property,Grantor agrees:
<br /> A. To make nll payments wrhen duc and to perfortn or comply with all covenants.
<br /> 13. To promptly deliver to L.ender any noticcs that Graniar receives from the halder.
<br /> C;. Not to allow any modi�cation or extension uf,nor to rcquest any future advances under any note or agreement
<br /> secured by tlie lien dceumcnt withaut Lender's prior writt�n a�nsent.
<br /> 8, CLAIMS AGAINST TiTLE�Grantor�vill pay all taxcs,as�essments,liens,en.umbrances, lease payments,ground
<br /> rents,utilitics,and other charges rclatiag to the Property when due.I.cndcr may require Grantor ta providc ta Lendcr
<br /> ccipies of all notices tliat such amounts are due pnd the receipts evidencing Grantor's pt►yment.Grantor will defend
<br /> �irie to the Pror►crtv a�atnst any cicums that would impair the lien of thxs Security Instrument.Granror agrcts to a qk n
<br /> to L'cnder,ns requested by Lemder,any rights,clnims or defenses tirantormay navc agai�,st Na;ii�s�ro�upgl, !»..er
<br /> ar materials to maintain or improve the Property.
<br /> 9. DUF.ON SALE OR FN�UMBRAN�L.I..ender may,at its option,declare the entire balance of the SeCUred DPbt to
<br /> bc unmediatcly due and payablc upon nc�creation of,or contruct for thc creation of,uny lien,encurnbruncc,transfer
<br /> or sale of the Property.11us right is suhject to ttic restrictions imposed by feder�l law(12 C.F.R.591).as appliaable.
<br /> �'t�is covenant shall run wlth tl�e Property and shF�ll remain in etfect until¢he Secured Debt is paid in tull and this
<br /> Security Instrt�ment:s rcleased.
<br /> 10. �'ROPERTY CONDITiON,ALTERATIONS AND INSPECTION.Grantor will keep th�Property in good
<br /> condition and make all repairs thnt are rensonably necessary. Grantor shall not commit or allow any waste,
<br /> impainnent,or detcrioration af the Property.Grantor will kce�the Property frcc of noxious�veeds nnd grasses.
<br /> Grantor agrees that the nature of tb.c occupancy and use:�ill not substantially cliange without Lender's priur written
<br /> consent.Grantor will not permit any change in any license,restrictive covenant or ensement without i.ender"s prior
<br /> written consent.Grrantor will notify I.ender of aU demands,proceedings,clai►ais,and actionr.against Grnnto�•,and af
<br /> any loss or damage to the Property,
<br /> l.ender or Lender's agents muy,at Lendcr's option,enter thc Property nt any reasonublc time for the purpose of
<br /> inspecting the Properiy. Lcnder shall give Grantor notice at the time of or before nn inspection specifying a
<br /> rcas�nable purpose for thc inspection. Any inspection of the Property shnll be entirciy for L.cnder's benefit nnd
<br /> Grantor wiU in no way rely on Lcnder's inspection.
<br /> l�i. �►YJirive�i'i'�f�i0 P�R���:P.9.If Grantar fails to perform any duty or�ny of thc wvenants contuined in this
<br /> ScGUrity Instrumcnt,Lender may,without noticc,perform or cause ihem to be perfonned.Grantor appoints L.ender
<br /> as attomey in fnct to sign Cruntor's name or pay any urnount nece:ssary for performance.Le:nder's right to pertorm for
<br /> - Grantor shall not crente nn obligsYion to perform,and Lender's failurc to perform will not prcclude Lc:nder from
<br /> exercising any of Lender's other ri�}tts under thc law or this Security Instrument.If any construction on the Property is
<br /> discuntinued or not carried on in a rcasonuble manner,I,ender may teke all steps necessary to protect Lender's
<br /> security interest in the Property,including wmpletion of the conutruction
<br /> lZ. ASSIGNMEN'C Or�.GASES AND REN'I'S.Grantor irrcvocably�rants,convcys�u►d sells to Trustcc,in trust for the
<br /> - benefit of L.ender,as�dditional security all the ri�ht,title and interest in and to any and all cxisting or future leasES,
<br /> sublcascs,and any other writtcn or verbgl agrcements for the use and occupancy of any portion of thc Property,
<br /> including nny extensions,renewAls,modifications or substitutions of such agrcemeuts(all rcfcrrcd to as"L.eases")nnd
<br /> rents. issues and pro�ts (all referred to as"Rents"). Grantor will promptly provide L.ender witli tru�. and correct
<br /> `.= copics of nll existing and[uture Le�ses.Grantor may cullect,receive,enjoy f+nd use the Rcnts so lon�as Grantor is reot
<br /> - in dufault undcr thc terms of this 5ecurity Instrument.
<br /> ' ("irantor uc:knowledges that tliis assignment is perFectcd upon the recording of this Dccd of Trust�nd that Lender is
<br /> - cntiticd to notify any of Granror's tenants to mAke payment of Rents duc�r to become duc to I.cnder. No�vevcr,
<br /> - Lcnder a�rces that only on default�vill Lender notify Grantor imd Grantor's tenants and makc demand thut�l!future
<br /> �- Rentc bc nuid directlY to L.ender. On rccciving noticc of deFault, Grantor will cndorsc and dcliver to Lcndcr:±ny
<br /> ..1..�0.a
<br />___ payment of Rcnts in Grantor's posscssion und wilt reccivc any itencs in trusi ior und�r;,�►u.Y�����ot��,:..:�::6.......
<br />=� ltcnts with any othcr funds. Any amounts wllected�vill bc applicd as providcd in this 5ecurity (nstrument.Grantor
<br /> = warrants th�t no default exists undcr thc Lcascs or any applic:ablc landlord/tenant la�v.Grnntor�+Iso al;rccs to maintain
<br />-°- c►nd requirc any tcnant ro comply with thc tcrms of thc L..:ascs and upplic��blc la�v.
<br /> ; 13. L�,ASFHOLllS;CDI+IDOMINLUMS; �'LANNCU UNIT DEVELOPM1iGNTS.Grantor agrecs to comply with dic
<br />=��•� provisions of any Icnse if tl�is Sccurity Ynstrument is un a lcusehold. If thc Property includes a unit in a condomini�m
<br /> _ n or a plunned unit devc;lopment, Grantor will perform ali uf Grantor's duties undcr thc cuvenants, by-laws, or
<br />�'�� regulaticros of tUe condominium or planned unit development.
<br />,:,.� 14. D1�CAULT.Grancor�vill be in dcfault if any party obli�iited on Uic Sccured Dcbt fails to makc paymcnt�vhen duc.
<br />::.� Grantor�vill bc in default if�brcach occur�undcr thc tcrnts ot this Sccuriry Instrumcnt or any othcr documcnt
<br /> __ (page 2 of 4)
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