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<br /> ��. l�11 f�rt+ar�ndvnucc:,I�POPi1 L�:11(DCI'IO Gf1111Y07 OY OlI1C1 IIIIIAf�QYIII�'t1I1QIlS Of Qfil(110t[U I./:i1tlCl'l�[1(IL'Y iitly 47YOIl7lS�ory
<br /> nQte,cos►tract.guusnttty,or otfeer evidencc of debt executed by Cirnntor in favor of I.ender exect�tcd nttcr this
<br /> Securlty Instrurnant whethor or not tfus Sec��rity Instrumec�t is s�cific:.►�ly referenced. I�mare tha�1 one pazsan
<br /> signs this Securlly Instrument,each Grantor agrees that this Security Tnstr�mcnt will secure ail future advanoes and
<br /> futurc obligations thnt Are givpn to or incu�red by any ono or morc Grantor,ae Any onc or more Grantar und
<br /> others.AU fut�ue advances and o�t►cr future obligations are secured by this Sccuriiy Instrument even though all ar
<br /> part mny not yet Ix:advanced.All tuture advun�cs and othcr future obligndons nre sccurcd ns if made on ihe dnte
<br /> of thia S�:curity Iastrum.ent.lVothing in this S�ecurity instrument shail canstit�ate a oommitment to make additional
<br /> �r�'utur.e taann�r a�dvances in nny amount.Amy such commltment must bs agreed to In s separaie writing.
<br /> C. Afl�iigntio�nn Qradtor owes to I..ender.whach may iater arlsc,to the extent nat prohiUited by law.including,but
<br /> �tat�.iini.t�d to.liub�ilities for ovcrcirafts relating to any deposit aceount egreement between Grantor and Lender.
<br /> A. All additiunal su►ns advunr,ed nnrl expenses incurred by�..ender far insuring,preserving qr athenvise pratecting
<br /> ehc Pru�etty unc!itv value a�rd any othc:r su���e advanced nnd cxpenses incurrcd by l.ender un�le:r the terms of
<br /> this Security I�;strurien�
<br /> This Secudty instrument will not secure any ottscr debi if Lender fnils to�ive any required not;oe of the right of rescission.
<br /> S. PAYMENTS.Granlnr agrees t6at al!payments under the Secured Debt will bc paId wtien due and in accordanca
<br /> � with the te�ms af the Secured Debs attd this Sccurity Instrument.
<br /> 6. WAWtAN'I'Y OF T'LTLE.C3rantor warrants ihAt Grantor is ar will be�awfully seizcd of the estate conveysd by this
<br /> 3ecurity Instrumen�t artd has the right ta irrevocably grant,convey,end sell the Pro}rerty to Tr�rstee,In t�rust,with
<br /> pov�sr of sale.Grantar al�wanants that thc Propesty�s uncncumbcred,except for cncumbrances of record.
<br /> y p1EIp�R gECYJR[PY�1V I'�RESTS.With regttrc7 to t�ny.c�t�►e.r Ynortgnge.deed of trust,security agreement or ather lien
<br /> dceumen't that cnated a priox sccur�ty�nterest or e�tcumbra.nce on the Property,Grantor agrees;
<br /> A. 'I`•o mui:e aU puyments wheri a�ue and ta perforin oT comply with aU covenant�.
<br /> B. To promptly�eilver to Lender aay nqiicas that Grantar recelves from the uolder.
<br /> C. Not to allow any modi�icatIon or exte�is�on of,nor to request any futur,,advru2ces under any note or agreement
<br /> secured hy the lien document without I..e»der's prior wi3tten consent.
<br /> 8. CLAl111S A.GAINST T[TLE.Crantor will pay alt taxcs,Aasessments,liens, encumbrances,lease payments,graund
<br /> rents,utilitiey,and other chur�cs rclating to the Property when due.Lender may require Grantor to provide to Lender
<br /> copiea of all notices thiit.�uch amounts are due and ths receipts evidenc9ng Grantor's gayment.Grantor will defer►d
<br /> . tide to the Property a�uinst any cleuns that would impnir the lien of thi�,�ectuity Instrumeut.Grantor agrees to ass�ign
<br /> to Lcnder,s�s requested�y Lender,any right�,claims or deferises Grantormay havc againsl parties who supply lat�or
<br /> ' vr iiKl�Cfia�i'v u�di'u`adlR G:IIII�3I"Ii Y.,i,�S�PfIIj�Tlj. , "
<br /> ',Q. DLCE UN SALF.OYt ENCUMBRANCE.Lender may,�t it9 option,declarc the enitue bn�a�ep.pf thc Secured I�etit to
<br /> ' be immediately due and payntsla upon.che crea�ion,of,or contract for th�s aeatlo�l uf,any li��t;�ncnmbrance,tiansf'er
<br /> . ur sale of the Property.'I�is right is subject to t3ie restrictians imposed�,y f�c�erAd-iaw{1F C.iE'�.'S91;�,'as applicable.
<br /> This covenan�t shal!run with the Propc:rty and shall remaire in eifcct untfl'�tl�i Seaured X7ebt is,p:aff in full and thLs
<br /> ' Security Ynstrument is released..
<br /> 10. PROPERTY�ONDI'PION;•.ALTERATIONS AND INSPECTiUN.Grantor wd�i keep the Property in goocl
<br /> canditiun and make ail repai�s�that are reasonably necessary. Grantor sl�all not commit or ullow any waste,
<br /> impairmcnty or deterioration nf thc Property.Ciranter wW keep the Property free of n�►xious weeds and grasses.
<br /> arantor agrees that the nature of th�occupancy and use wlll not sulr�tantially change without I.,ender's prior vnritten
<br /> consent.Grantor will not permit any change in any license,trestri�ctive covenant or easement without Lender's prior
<br /> written consent.Grantor wil!notify Lxnder of all�lemands,�proneed'uig�s,claims,and actions ugainst Gcantor,and of
<br /> any los3qr dxmage to the Property.�
<br /> I,endcr or L.endcr's egents may,.gt Lender'S option,entec the Propers�r at any rensonable tima for We purpose of
<br /> iaspecting the PrapeMy. L.e�dar shall give.aGp�Qntor nocice at the time�E ot Uefore an inspection sQecitying a
<br /> . reasonable purpose Sor the inspection.Any inspection of tlie Property.aha4l he;enlirely for Ixnder'�benaGt and . „
<br /> ' Grantor will in no way rely on Lepd�r's inspection. ' .
<br /> IL AUT�iOR1TY TO PERFORM.,If Grantor fails to Qert'orm any duty or any of•;the covenan�g contained in'�hl's�
<br /> - Security Instrumcnt.Lender ui�y,without notice,pedorm or cause them to be performed.Grantor appoints Lender
<br /> as attontey in fact to sip,n Grantoa's name or pay any amount neoessary Fnr performance.l.ender's right ta perform for __
<br /> T Grantor shull not cr�ate an obligadon to performt and L.ender's failure to perform.will not pceclude Lender from -
<br /> t exercising�ny of I.ender's oth�r.r�ghts under the lew or this,S�curity Instrument.If aersy cQnstruction on the Property is ,
<br /> _ discor��jnued or not canied.an S� a rcasnnable manner.Lender may take all st��s�RECessary to protect Lender's
<br />,�. security:snterest ir!the Propercy,iA�luding completion of the construciion.
<br /> � 1Z. ASSIG�iINEN'Y'OF LE�►5FS AND REMS.Grantor iprcvocably grants,couvcys and sells to Trustee,in trust for the , -
<br /> t�enef�t uf i.endet,as additional seGUtity all the right,title and intcrest in and to any and all existing or fut��re leases, '
<br /> ; subleases,aQd any othcr wxitten or verbal agreements:or the use and occupancy of any portion of the Properry, '
<br /> � including any extensions.renew�ls,modifications or substilutions uf such agreemencs da4]referreci to as"Leases")and
<br /> • rents.issucs and profits (all¢�ef�aaed to as"Rents").Grantur will promptly pror��lc lLtander with true end wrrect
<br /> copie.�of all exisw�g and futui�Leases.Grantor muy cotlect,recelve,enjoy tuic�use the Rents so long as Grantor is not
<br /> � in dcfault undcr thc tcrms of tbis Securiry I�str.iLment. '. '
<br /> Grant�r acknbwledges thnt this assi�mienc is perfected upon the reaxv';i�:.�of this Deed of TrusT�aJ thut�.,ender is '
<br /> � � entitled i�notify any of Cirantor's tenunts to make paytta�.u:F,of Reats due or to beco�c due to Lender. Hov:�Wer,
<br /> Lcnder agr:;cs that only on defauIt will Lcnder notify Gn�Cr,�r and Grantor's tenants ac�d mtdce demuud that ait fii;:�:ure
<br /> � ::cutz;�;.�nid dircctly to,'..c�dcr..^,a,�caiv��g uotice i�;�iaiaul.,�raiar rril!�r,dorsc aad dc;;vc�io Lc;tdar any -
<br /> ' r�aYrnn�t�f p:.^.1;�lii�:'=!li4i'��?(.'S..c�..c,c„�n�r�1 wjll rnr�iyA any Rent�in tnict fqr i���j�r anet q,i��pt�„�,��;,�g ,
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<br /> warrant::tltt�t no def�tulf exisYS undor the 1��acrc�r anp arpls��h{r Ian�llnrd/tenant lsw.(:rantor also a�rees tn maintain ,
<br /> and��yidiL any tenant to compfy witG thc tcrms of the Lc:a::es and applicable law.
<br /> ' 13. L�A3�i�OLi3S;CONDO.it�ViiJ11iS;Pl.AMVED UNE'i DEVELOFMENTS.Grancor agrces to comply with thc
<br /> provisions of any leaso if this Secu�ity Instrument is on a Iexsehold.If tlie Property i.ncludcs a unit i►t a rnndominiwn
<br /> or a planned unic atevelopment. Grantor will perform all of Grantor's dutics undes the covenants,by-laws,or
<br /> rcguiadons of the condominium or planncd unit dcvelopment.
<br /> 1�0. D�FAi1LT.Grantor wi.11 be in defeult if any party obGgated on the Securcd Uebt fails to makc payment when duc.
<br /> Grantor w311 be in dsfault if a breach occurs under the terms of this Security Instrument or ea�y other document
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