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<br /> B. ANfviuread�a�xjesfr��nil.enci�rMC�rantarcu:utwrfutu:cot+liga�tun�:ufCiranteutol.c�ukrunckras�ypr�iiswry'
<br /> iwtt,ew�i;aet,Ki:aru�ity,cu ather cvict�:ncc e�F ckht cxccutcd by Cirantar in i'nvor of t.encler cxecutr.d�Ftrr�1►is
<br /> Seeurit�� I�tistrument whetAer or not this Security Iru9rum�nt is s4xcifu:s�lly ref�r�ncccl. If nx�r4 tt►�n Eutc= nersiui �
<br /> sfgns this Sc�curity Instrun�ent,exh Grantcar Agc�es that this Security 1►uirwn+:ut will sccur�al!futun�a��an:..:s and
<br /> tuture nt+ligad�»�s thas xrc gicen to ar inc:unecl hy any c�rw ur m�r�Gr�ntor,a�;►[►Y u+tie oc mor�Grantor and
<br /> Wt►ers.All future ad��Ancc9 and whcr i'utum obligation�ar�securcd by thi�Sc:curiry In,trununt c��..�Ihuufi4 all or
<br /> �n�y nc�t yci tr�ctti�anc:�i.All futcr�:��anac arui aihur ftiturc ohli�;ntiw�s arr securi:il xs ii mx�le cm tf�:ci,zte
<br /> of this Securi�y lnstnuncn�.Nuthing in�flis Security I►utrumGnt chnll ca�siitutc a coinmitnkm ta mule a�3ditional
<br /> ar iasurc��ns c�.�:�ch�ar.�:�s it:any�aunt.Any suc2!aunmitment must tte agrecd to in e�rxte writinr.
<br /> C. All obligations Grantor ou�es to Lendcr.whuh n�ay later ari.c.,tu the extent nW prohibited by la�r,including,hut
<br /> nat►imitcd to,tiabilities for ovcrdrafts retating to any dc�x�cit ucr�uut usrecm�:nt t�:twcen Grantar and I.cndcr.
<br /> D. All additianal sumc udvmtced And expensc:s incurced b��i..endcr for insuring,pre.cerving or atherW�isc prc�tecting
<br /> the Property and its valua end any othec sucns advanced and ezpen�es incurred by Lender under the tem�s of
<br /> this Security Instnunent.
<br /> 'Iliis Security lastrument will not secu.r'e any oiher debi if L.ender fnils to give any required notioe ai the rst►1 c�f n:scission.
<br /> S. PAYMErTIB.Grnntor agrees that all payments under tha Secured Debt will be paid w6en duc and iu aoourdu�ce
<br /> with the terms of the Secured Debt and this Security Lutiumcnt.
<br /> 6. WARiiAN'IY OF'ITTI.E.Grantar wurants that G�antor is or will be IuwfuUy seized af the estate ain��oy�cd by this
<br /> Security Instnunent and has the right to irrevacabiy gr.�nt,convey,and selt the Fropesty to Trustcc,in trust,with
<br /> power of sale.Grantor alsa warrants ttwt the Property is unencumbered,exoept fcu encuaabranoes of reoard.
<br /> 7. PRIOA SECURITY YNfERES'is.With regard to any attter niortgnge,deed of tnist,secwity agr�eement os other lien
<br /> docu�ncat ttwt crFated a prior security interest or encumbrdnce on thc Property,Grantor agrees:
<br /> A. To make all payments whea due and to pertoru►as comply with all covenants.
<br /> B. To pranptiy deGver to Lsnder wy nolices that Grantor receives fran the hotder.
<br /> C. Not to albw any modification or extensioa of.nar.to reqursi any future advaaces under any nolo or�rePment
<br /> secured by the lien dacument without Leader's prior written consent.
<br /> & CLAIMS AGAINST'I771.E.Grantor will pay a0 taxes,assessments,Itens,encumbr�ut�es. lease payments, �round
<br /> rents.utiGties,and other charges eelating to the Property when due.Lender may requir��r.ti�ntor to provide to Lcnder
<br /> copizs of all aeitices that wch amounu are due and the reccipis e<<idenring Grantor's p:.j�tien�Grat�tor will defend
<br /> titic to the Property agaitut any claimc that would impair ttte licn of tt►is Scxurity Instrument.Grantor ag�ecs to assign
<br /> to Lender,as roqwsted by I.ender.any rights,claims or d�sfenses Graaiuir a�y have against parties who supply labor
<br /> or materials to mau►tain or improve the Property.
<br /> 9�. DUE ON SAI.E OR ENCUMBiL4NCE.Lender may,at its optian,deciare the entire balu�ce of the Securid Debt ta
<br /> be iauaediaiely due anci payable upon We creadan af.or contract for the aeation of,any lien,encumbrancc.traa�fer
<br /> or sale of tt�e Peoperty.'I�right is subjeci to the restrictians imposed by federal law(12 C.F.R 591),as applicahte.
<br /> This wvenant shall run with tbe Property and s4aU remain ia effect until the Secured Ikbt is paaci in full aad this
<br /> Security Iastnuuent i�rek,ased
<br /> . 10. PROPERTY CONDIT[ON,AL'FERATIONS AND INSPEGTION.Grantor wili keep the Property in good
<br /> J•:�� L� U ' L � � sII M M� ! •�na'! V f�t�P
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<br /> impairment,or deteriorndon of the Property. Grantor will icecp the Property free of noxious wer�is and g«+.
<br /> Grantor agrees that t6e aature of the oc.�upancy and use will noi substantially change wiWout Lender s prior written
<br /> axt�ui.,i�yuYu� w�i `..;t�wui a,ry u.:u;ge iu any iice.-.x:.it�.�tfv.:Ca,v�':wii Ci C�.."ii1�.^i::r.'ii;.iXii;.C:i�C::�T.�..:.
<br /> ` written oonsent.Grantor will notify I.ender af all demands,proceedings,claims,and actions ag,ainst Grantor,and of
<br /> . any lass ar damage to the Property.
<br /> � I,ender or I..ender's agents may,at I.ender's option,entcr thc Fcaperty at aay re�so�s�ble time for the puipose of
<br /> inspecting the Ptoperty.L,ender shall give Cxantor notice at the time of or before aa inspection s}�ecifying a
<br /> _ reasanabte purpose faar the iaspection. Ang iaspcction of•the Property shall be entirely for Leader's bcuefit and
<br /> . Graator will in no way rely on Leader's ic�spectioa �
<br /> 1L AU'I'H01ttfY TO PEBFORM.If Grantar fails to perform any duty or any of the covenants contained in this
<br /> Security Instiuo�ent,Lender may,witlwu¢twti�e.perform cx cause them to be performed Grantor appoints I.ender
<br /> as attomey in fact W sign Grantor's name or pay any amount necessary for perforrnaaoe.Lender's right to perform for
<br /> � Grantot shall not cceate an obligation to perform, and I.end�r's failure to perform will not preclnde Lender from
<br /> � eaerci�ing any of Leocier's other rights under the taw or this Security L�uirument.If any oonstruction on the Froperty is
<br /> � ditcontinued or not carried on in a reasonable manner,Lender may talce ail ctenc necessary to protect Lender's
<br /> security interesi in tl�ee Property,including completian of,the canstniction.
<br />' 1Z ASSIGNMENf OF L.EASES AND REN'i5.Grantar irrevocably grants,conveys and sellc to Tnutee,in trusi for the
<br /> benefit of L.ender,as adclitiooal security all the right,fide and interesi in and to any and all existiag ar futtue leases,
<br /> subleases,and any other written or ve�fial agreements Eor the use and occupancy of any portion of tt►e Property.
<br /> including any extensions,renewal5,modifirations or substitutians of such ageements(ali referred to as"Leases")aad
<br /> � reats,is,sues and profits(all referred to as"Rents").Grantor will promptiy provide Leader with true and oomect
<br /> , copies of all exisEing and future F�eases.Grantor may cailect,Koeive�enjoy and use the Reats so bug as Gtaniar it�sae
<br /> , in default under the terms of this Security Instrument.
<br /> � Grantor acknowledges that thts�s�p*±t is petf� upon the recording of this Deed of Tnut anc)tl�at Lender is
<br /> enGtlesl to notify any af Grantor's tmua�4::cr nc�eke payment of Rent:due or to became due to Lcndcr.Ho�revcr. �
<br /> Lender agrees tl�at ooly oa defaubt wcr7E�acter notify Grantor and Gtantot's tenants and m�tce demaad that ail fu3ure
<br /> . Rents be paid direaly to Lender. Oa re�:ving notice o[d�fault.Grantor will eadorsc wd deliver w Ler�er any
<br /> p�yment of Rents ia Graator's possescioa�wcll receive any Rents in vust for Lender wd wil� not canmingle the
<br /> � Rents with any oiher fuads.Any azuouau cailected wiU be applied as pravided in this Security Usstrumcnl.Grantor
<br /> . wurants tl�t no default exists under the Leases or eny applicable landlord/tenant law.Grantor also�grree.s to maintain
<br /> and require any tenant to comply with We terms of the Lezses and applicable law. . .
<br /> l3� LEASEHOLDS;CONDOMINNMS;PLANNED UNTT DEVEtAPB�1�PI'S. Grantor agees to oomply wilh the
<br /> provisions of any lease if this Security Insttumient is on a leasehoW.If the Property includes a unit in�oondo�oinium •
<br /> or a planned unit development. Grantor will perform all vf Grautor s duties under the coveaauts.by-taws,or
<br /> regulationc of the condominium or planned unit development.
<br /> 14. DEFAULT.Grantor will be in default if�ny party obGgated an the Secured Debt fails to make payment wfi�p due.
<br /> Grantor will be in default if a bre�cb oacurs uader tlze temis of this Security lnsirwrient or any oiLer daw^vment
<br /> (piip�?d4)
<br /> a,aw e.aw.�e.,Mc.a c�e.w��amau.r,.,,�r��r�ws.
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