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<br /> i3. Ali futurc ndvences Ern�n f�;n�ler to Grantctir or othcr futurc obligations of Grantor to l.c:ndcr i�nQ�x.�ny pmn�issory
<br /> notc,cuntract,gunranty,or othcr cvld�;nce of aaht cxccutcd by (irnntor in fnvor of l.cndcr uxccutcd nGtcr�I►is
<br /> Securiry Instrument wiiciher�r nat lhis S�;cu►ity instrument is spccitically refcronced.If m�ro th�n anc�x:rson
<br /> signs this Security Inst�ment.each Orantor agrees that thls Security/nstrument wili e�cure ull iuture advauca�u��d
<br /> tutus�c obiigAtians thnt nrc givcn ta or iucurrcd by nny anc or more Orantor,ar any �nc or mor�:Grantc�r and
<br /> othen.Alt futurc advanccs anJ utii�e Cutu�c abligatloj�s nt�sccurcd by thi§S�rurity Instrumcnt cven Ihnuph all ar ,_
<br /> part may not yet be advanced.All tuturG ndvances and other future abli�atiuns ure secured us it m�dc on�he dats
<br /> of this Security Instrument.Nothing in ttiis Security Instrument shaD constitute a co►nmitment to�nake:+dditionol
<br /> or future loans ar advances in uny amount.Any such comanitment must be ngrced ta in a�cpnrate wr3ting.
<br /> C, All obligations Grnntor owes to Lendnr.whi4h mny llter nrlbe,ta the extent not prohibitcd b�law,including,but
<br /> not limited to,itabilities for ovor�ti•r�fu►rr.lating to m�y dcposit nccaunt agrcement betwrcen Orantor and I.e:ndet.
<br /> D� ha P operty�and its valu and nny t[�o sums advunced nnd�expenses�incu cd by 1Lendc�tuEden c�etrms of
<br /> this Secur�ty ListXUment.
<br /> This Secwity lnstr�lmc+nt will nat secure nny�thor debt if Lendet fails to give any reguired notzce of the dfiht of rescission.
<br /> 5. 1'AYMEN'I'S.Grantar ugrces that Ap payments under the Sr;cur:d Debt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> 6. WARRANIY OF 1TT4E.Grantor wasrants that Grant4r is ot will bo lawfully seized of the estate wnveyed by this
<br /> Security Instrument anci has the right�.o[f�evocabiy grant,canvey, and scll the Prop�;rty to Trustee,in m�st,with _
<br /> power of sale.Grantor also wanants that the Property�s unencumbered,wxcept for encumbrances of r�cord.
<br /> 7. PR10R SECURI'i'Y INTERESTS.With regard to any other mortgage,deed of trust,security agreemeat or other lien
<br /> daument that created A prior security intcrest or encumbrance on the Property,Grantox agrces:
<br /> �y. To make all pnymeuts when duc and to perforRn or comply with a11 covenants.
<br /> B. To prompdy deliver to Leader eny notices thnt Grantor receives trom the holder.
<br /> C. Not to aUuw any m�dificarion or extension of,nor to request any future advances under any nmte or agreement
<br /> secured by the lien document witlzout I.ender's pdor written consent.
<br /> & CLAIMS AGAiNST TITLE.Grantor will pay all taxes, ass�essments,liens, encumbrances, lease pflyments,�ound
<br /> rents,utilities,and otlier charges relating to the Property when clue.Lender may requlre Gr.�ntor to pravid�ta Lender
<br /> copies of aU notices that such amounts arc due and the receipts evidencing Grantor's payment. Grtcntar will defcnd
<br /> iiilc iv iaie i°:�p:.rt�sga'snst s�t;�l=im��hat wnuld imnair tlie licn of this Secwrity Instrutl�ent.Uranror,ugiees to t►ssign
<br /> to Lender,as requested by Lender,any rights,claims or defanses Grantar may have agHinst parties wno suppiy iabor
<br /> or materials to maintain or improva'the Property.
<br /> 9. DUE ON SAI.E OR ENCUMBR,ANCE.Lender may,at its option,declare We entire batance of Ehe Secuted I)eb�•to
<br /> be immediately due and payable upon the creat�on of,or cantract for the creation of,any lien,encu�brance,transfer
<br /> or sala of the Property.T1iis right i�subject to ttie xestrictions imposed by f�dural law(]2 C.F.It.591),:e�s applicsble.
<br /> Th�s c�e�.�aant shall run wiW the Ptopeny and shall remain in effect untU th�Secured Debt is paid in:full and this
<br /> Security 1lnstrument is released. `
<br /> 10. PROP�RT'Y CONDITION,.A.I.TERATIONS AND INSPECTION.Grantor will kcep the Property i��ooci
<br /> condition and make al)repalcs thnt are reasanably necessary. Grantor sdall not commit ar aHior��.�ny�w�stc,
<br /> impairme��t,or detexac���ation of tlta Fropr:rty. Granio;will keap the Prorerty free of nnxious we�eds and grasses.
<br /> Gra�tor ai{rees that�he�nature of the cccupancy and use will nnt su�stantially change withoe�t LenclQr's�rior written
<br /> consent.Grantor will not permit�ny chnn�a in any license,restsaative covenant or easement wxthouTt I.�nder's prior
<br />= written wnsent.Graatar wiU noti'�y Lendar of aq demands,procc.edings,claims,and actions ngniast arnntor,and of
<br /> any loss or damage to the Fropersy.
<br /> Lender or L.ender's agents may. at Lendcr's t�ption,enter thc Property at any reasonable time fo:�the purpose uf
<br /> inspecting the Property. Lender sh�ll give C:rantor notice at the time•of or bef�re an inspcct�aon specxfym�a.
<br /> reasonable purpase for the inspeciion.Any inspcction.of the Property ahall be en4ireAy for I.cnder's benefit•��c�; .,
<br /> Grantor will in ao way rely ou I.endcr's ins�ect►on. •'
<br /> lx. AUTHORiTY TO�ERFO1tM. If Grantor fails to perfarn�any duty or any of the covenasts contained in thls
<br /> Security Instrument,�.render may,without n�oticc,perform or cause them to bc perfornied.Granmr,appoints Lcnder
<br /> as attorney in fact t�r:s1�Gr�ntor's nttme or pay eny amount neccssary for perf�tmancc.I.ender's ri,�ht tt�perform foc•
<br /> Grantor shall nat creaEe an obli$aiion to perform. and I.ender s failure to perform will not pxec�aade'Lender from
<br /> exercising any of Lender's other rights under the law or this Security Instcument.lf any construction on ttie Praperty is
<br /> discontinued or not camed on in a rcasonable manner.I..c:ndcr may take ail steps r�eccssary to protect I..endcT's
<br /> security in3erest in thc Propercy,including tompletion of the construction.
<br /> 12. ASSYGNMEN'f O�'LEASLS AIiTD RENTS.Grantor irrevocably grants,c�nveys and sells to Tru;t�e,in trust for the
<br /> bc;neCt of Lender,as additional securi4y all the right,title and interest in tind to any and all existira�n:r future le�ses.
<br /> sableasys,and any otticx wrilten ar vcrbal agieements for the we and occupancy of any poriioa �f tlte Propesty,
<br /> including any extensions,rcnewals,madiCcations or substittttians of such a�reements(n4d refe�red to As"Leases")���nd
<br /> rents,issucs�nd profits(a{I rcferrcd to as"Rento").Grant�r will promptly provi�e L.endcr with truc ancl cc�rract
<br /> copies of all existin�aad future Leass:s.Grautar msy collect,rcceive,enjoy and t►se Uie Rents so long as Grantor is not
<br /> in default under thc cerms of tlii�Security I►�ttivim�nt.
<br /> Grantur acknn�vledges tliut tliis n�ignmcnt is perfected upon the recording of this Deed of Trust and that Lendcr is
<br /> e►�titled to noiif�j any of Grantar's tenunts to make paymant�of Rents due or to hacome due to Lender.However,
<br /> Lcndcr agrces thnt mily on default wIll Lcnder notify Granror and Grantor's tenants nnd mitke dem�nd that all fiaiur� `,
<br /> ..__� �._ __:.y a:.,e..��..�..�OIV�PT �ln �����o�nn��ntirr o€defaul� Grantor will endorsc;and delivcr to Lender any
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<br /> payment of Rents in Grantur s pc�ssessiou and will rcccivc any Rents in trust for Lcnc��r end vr;ill not conunin e t e
<br /> Rents with any othcr€unds.Any amounts collected will be appliecl us provided in this Securi�y[nstrument.Grantor
<br /> - wa�Yants that no dcfault cxists under the L.eascs or any applicublc landlord/tenant law.Grantor alsv agrecs to maintain
<br /> and reqt►ire any tcnant to compiy wit1�ihe tcrms af the I.eases and applecablc law.
<br /> 13. LEASEHOLDS;CONDOMI1VlUM3;PI.ANNED UN1T DEVEIAPAiENTS.Grantor agrecs to oom�sly with thc
<br /> provisions of any lease if this Security Instrument is on a lcaschotd.If thc Property includas a tinit in a condominium
<br /> or a p{anned unit development,Grantor will perforin all of Grantar's Jutics undcr thc covenants,by-1aws,or
<br /> regulatiuns of the condominimn or plamted unit development.
<br /> 14� UE�AULT.Grantor will hc in deFault if any party obligatcd on thc Sccured Dcbt fai(s to makc paymcnt when due.
<br /> - Granfor will bc in default if A breach occurs onder the terms of U�is Security instrument as any other documcnt
<br /> (page 2 0!4)
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