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<br /> B. �►ll future ad�ances frcun I.�nder to Grantor or other tuture abG�atiuns uf Cruuwr tu Leiuk,r under any pcanii�c�rY _
<br /> nosc,contrRCt,guaraniy,or other evidenca of clebt executed hy Grantor in favcu of Lender cxecutect zfter thix
<br /> Security Ins►,�ur��nt wSti:.t:kr or nos thu Security Instrument Is speciCically rcfereneecl. If more than c�ne pe�se�n _
<br /> �g�c thic Seeuiity Insuunu�t,each Grantar ag,rees tt�at this Socwity Instrument will secwe+tl tutur�ad�•uwes and
<br /> futura cbiigatit►�s th�t are gitien to or i�xurr�l by any ori..cu'mor�rantor.ot s�p cx�e o+'awr.:Grautar at�d
<br /> othe�s.All fhture advances and other future ob�igadons are secured by this Sccurity Iactcwuent evea thailgh all or
<br /> past�wy not yet bc advan.xd.AIf futur�ad:an.:.s:nd a»�:r(uLUre OMigatiCxl.�aTe sacu�d as d made ou thC dAte
<br /> of this Se►;uriry Icutrumeat.Nothing in tlus Security Instcument shall constituee a coa�nr.�ent ta mxke addidonal
<br /> cu future loatu or�dvanoes:�any amounG Apy suc8 ooaiuutwent must bc agreed to i�a sep:u�te wTitiag.
<br /> C. Nll obtigations Grantor ow��to Lender,which may later arise,to the extent not p►.ntik�i►.ed by law.inciudin8.but
<br /> aot limited to,liabilities for overdrafts relating to any cleposit account agreemec!,beRweLU titaaSor and Lender.
<br /> D. All additia�a!sumc advanced and expeases incurred by Lender fcu iRCUriee.c+�:K�irag or ot�;cvrise proixiiag
<br /> the Property and its valne and any oiher sums advanced and expens��i�.=urce��y l.end�r ur�u.r the teraos of
<br /> this Seciuity Iastrumeat.
<br /> This Security Irutnunent wil!aot sccure any other debt i€Lendes fails to give any requir�e3 rxxiae aE tb:r�.':1�resciss�oo.
<br /> S. PAYMEI�TI'S.Grantor sgrees tbat all payments under tl�se Secured Debt wi11 be paid w�bcn d�a�ad�:�ord�nce
<br /> wiW t6e teranc of the Secured Debt and this Security Insuumenc.
<br /> 6, WARRANTY OF'ITI'L.E.Grantor warrants that Grantor is or will be Lawfully seizsd of the esta�to a�tn�3�e'�by this
<br /> ���y I�uuvm�nt and hac We right to irrevocably grant,convey,and sell the Property to Trustc�,ir tauq,with
<br /> power af ss�le.Grautor also warraots tUat the Property is uneacumbered,excepi for eaa�mbranoes u8 ro��..
<br /> 7 p�t�g�,'CUg11y INIEAESTS VYith regand to any other mortgage,deed of vust,security agx��ment cw w�tir iien
<br /> . docu��sut trst crcac�S a prior security interes�ar encumbrance on the Pr�e�ty,Grantos agrees: •
<br /> A. '�'u make sIL g.z�meats wbea due and�tar g+.�orm or canply with a}C.coveaants. . _
<br /> S. 'F�promptly 3eliver to L.es�r any►wciQes that Grantor receives fraas the hoLder. -
<br /> C N�i to allow any�odi5c�ca�at extensian of,nar to request any future adva,cra.�s u��+det aaY no6o a�:�
<br /> secured by tbe lien docuax��c w�cwt Ixruter's prior wriuen oonseu�
<br /> R CLAIINS AGAII�LS�'L"f'[I1.E.Grantor w�ili p�� all ta�ces,acsess�nents,tieos,enev�hc�:s.lease payas�a�ls.8rouad
<br /> reats,utilities,end�r ch�rges relating to t�Property when due.Lender may req�rn�:Grantar ta pr,►�vicia:lp L�ender
<br /> c��ull nwiors ti►at sucL amounts are due and the reaipts evidaa��Granto�.x�+aymaat.Gixatos�tii1l dafead
<br /> 't�ti�e ta�cI�Property'�g,einst�°Y c�i�ms tbat woukl impair the d,ie�a af t��:.+:i'sty I•+a*,�„�^" � Grantor agxexs w�
<br /> to Len�er,as requra-�ed by L.euder,a�rights,daims or defecnr,�s Gra�ai'��ar�sy hatG�stut�t parties wfio su�p�ly t�Ycwr
<br /> or materials io maint:iin or improve the Prapat+�
<br /> 9. DUE ON SALE 01t ENCUMditANCE Ir.n�f�r may.at its option,dec4�tc:,tj�e eatire b►�lmce o6 ttoe Soa�red Debt to
<br /> ����y due and payable upon the creation of,or oontract for the aeation o�aay�ieQ,ea��brsaa,tra�fu
<br /> or sak o[tbe PropertY•'I]�ic*iSht is subject to We rasuictioac imposed by federal iaw{12 C.F.R���j,as spplicabk-
<br /> 'Itis ooveaa�u s1uU cun with the Property and shall remain in effed until tbe Sec�utd D�ebt is psid�a full and this
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<br /> 1�. PROlERTY CONDTTION,AL7'E1G'i'iUNS ANU fNSPE�I'iON.Grantarwi;S Eeep the Propesty�a r�
<br /> condition aad make all repairs that sue reasonably necessary. Grantor sbsU aot cooamit or allow wy�aste,
<br /> irapsirm;,as.or�terioraiton of thc Prope*�ty.Grantor will Iceep the Property fra of nozio�u wads and grasres.
<br /> Graotor agcnes tlsat the aature of the oocupsmcy and nse will not�•,����'•�y�Sange wittsout Lendet's p�inr wrii�tr.a
<br /> �orneo�Grantar will nat permit aay changa ia any licease.*�estrictive ooveoaat or ws�ement Mitboui Lender's pricx
<br /> vrritun ooa�ea4 Graator will norify Leadu of aU demanc�s,Proaedings•�1aim�.a�ac�s+8�u Grantor,aod of
<br /> anp{oa or daroage to We Propetty.
<br /> I.eader or Lender's ageats may,at 1.ender'c oPtion.enter tbe Pcoperty at auy iruoo�bie time for the purpo�e of -
<br /> inspectin6 the propecty.Lender sball give Grantor notio�at the��f�i������
<br /> rcasooabie puipoee for tlx inspe�tioa AnY ia�pect�n of the Property
<br /> Grantor Mrill in ao w�ay rely oo I.eader's iaaQ�tioa.
<br /> 1]. �RUTNOiitIY'I�O tERFORM.If Graator fails to perform my duty or aay of the eovenants ca�taiaod ia thic
<br /> Sewrity tamumeat,Lender mYy.witbout notix.Perfam or cause thcai to bc perfotmecl.Gr�ator appoints Leackr
<br /> �attorney ia fact to s�gn GrAnta�'s aame or pay aay arnouat neoes�wY for pedo�rrn�nue.Leader's risht ta pctfam for
<br /> Gsantor shall aot create an obligation to perform.aad Lender s fai[ure to perform will aot pr�clude I.eader from
<br /> eaercivo�wy of Le�er's other rigbts uad�r the law or�hic Seau�ty Instr�at If any oa�stnxxioa on the Pnoperty at
<br /> discominued or aot carried on in a reawnabk manaer,I.ender may tak�al!steps neoesss�Y �o P�'aed�f�s
<br /> � � security interest in the Property,includin8 eomPktioo of the oonwuctian.
<br /> 12 A.SSiGNMF.NT OF I.EASES AND RF.11TI&Grantor irrevocabh�granu,ooAVeys aod selLS to Ttustee,ia wst for tlse
<br /> beae5i of Lender,a4 additiooal src,vrity a11 the right,tit{e aad iaterest in and W aap�ttd all e�i�stiag or future kases,
<br /> wbleaxs,and any other written or verbal ag�eements for the use and oocupancY oF aay Portion°f the Pr°p�rt}',
<br /> indu�ag any ezteasioos,noewals.mo�tivns or substitutioas of s��greemeats(s�1 referrod to as"L+easa")aod
<br /> reots,issues wd profits(all referred to zs"Itenu").Graator will pramptiy provide Lender wiW trae aud oorrect
<br /> cop;es of�e�maiag aad future Lesses.Graator may ooi{ed,reaive.eulc�Y aad use We Reats so bog as Granta is not
<br /> ia detauli�der thc ter�s of thiY Secusiiy In�rcm',ent.
<br /> Granta acicnowkd�es that tt�assig�soaent is perfected upoa tl�e reoordiag ot this 1)eeti of irtat aau thrt i.euicr h
<br /> entitbd to notify any of Grantcx's tenants to mate paymeat of Rents due or to becaae due to Lendu.Havev�r.
<br /> Lender agras tLat only on ciefautt wi11 l.ender notify Graatar and Graator's unants aad m�Sce demaad ti�at all fuwre
<br /> Reats be paid diredly to Leader.G�n recciving notice of defaul�Grantor MiU eodase aod dclivu w Lender aay
<br /> P�Y�ot of ReaCC in Gr�ator's paaessioa st�d will receive aay Reats ia trtut fot I.ender and will not c�ooiminglc tho
<br /> R�u�c wtth any othe[fi�c.e*atxY amotmts caliected wiq be spplied as prov'uled in tl�is Seca�rity I�tn,�,r.,. Gtantor
<br /> w-�rs-..ats that no default esis�o,or�er che Leases or any appliranie[anatordicenant ia�_Gianuu aiw:y�.z��,�++��-::
<br /> aad reqwre a�y te�at to ooaz�ty with the teco�of the Leases wd applicai�le law.
<br /> l3. I.EASEHaLif�CONDO11+�t�I�JMS;lLe��iNED UNIT DEb�ELdTM1(EM5-Grantor agrees to oompiy wiW the •
<br /> �ravaioc�s of any tease if this Se�urity IasYnutsent is on a ieasehoid.II aGe Property iacludes a unit in a coorbmimum
<br /> • .ar.u plauned umt developaz,�.c.Gra�tc�r r�iil perfarm all of Grantar's duties ucr�der the coveII3IILS.by-iaws.or
<br /> - � reuulc�tio�of tbe ooadomiuirsus ar pl�auecP ttnit dtvelopau:ut.
<br /> � 1� DEFAULT.Graator will be in ciefatilt if say party obGg�ted on the Secvred Debt fails to make payment when due.
<br /> ' • Graator will be in deEauU if a breach oocce.s under thc terms of this Securiiy iacuumeot or any other document
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