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<br /> [3. All ibturc ad�'uu:cs frum la:n�kr tuGran►nr cu Wh.r futurc ot+l:g�ti�uu��t�;rant�u tu l.�n.{�•c uu�kr:+n}p�.uius.w�r)' _
<br /> �wtc.cuntrac�, guatantv.��i•��th�r cvicicn� of cl�bt cxrcutr�by Grantur in fa�•or ��F lx ndcr cxrcut.d ai�tcr this
<br /> Securily lactrununt whettur ur nM this tiecurity Instrument is sExcificalt��refcre�ticed. ►f mure �han wu �xru�n
<br /> rig�u this S�rurity Instrwnent,rach Grantor a�rces that tius S��curitv i�utrunxnt will sccuec�ll futurc ud��anc�s.ux1
<br /> futurc ut�ligatiuru dwt arc �ivcn to ur iiuur`cd by a�y onc or marc Grantor, ��r any ut►r u� iitio��Grarttor and
<br /> �ulurs.Atf futurr xdvances�ncl.�thcr futurc o�li�aticuis ur4 sccured hy this SecuritX Ins�run�ent even thaugh�l!��r
<br /> µ�it r�iay nat yct t+c aclvanc�d.Ail future advanoes and other futur�ob1iK:►liau er�sccured as�f made cu�the etate
<br /> of this Security ln�tnunent I�Icithiug in thit Security Instrwnent shall constitute a c.xnmitment t��make additiwul
<br /> or futurc loans or advances in any�owit Any such comnutntent mast hc:ag�ecJ tU in a k:��ratc writin�.
<br /> C. AU cbligatiuns Grantor ow�to L.cndcr,which inay latcr ariu,to tl�c cxtent nut prc�hit►itcd by law,icv:lu3ing,but
<br /> not liruited to,liabiGtics for overdrafts rc4►ting to am ci�pcxit aocount a&r�ement bctwcen Grantor and Ixnder.
<br /> D. All additional sumc advanced und expenses incurred by l.ender for ia�uring.preserving ur oiherwise protecting
<br /> the PropeAy and its value aaci auy oiher swrs advaneed and expenscs iacurred by Ia:nd�r uader the terws of
<br /> this S�:curity Instrun�cnt.
<br /> Tt�is Security Iactrwnent will not secw'e any otl�cr debi if Lcndcr fails to give any required noticc of the:right of rexi+siun.
<br /> 5. PAYMEN7'S.Grantor agrees that aU paymenu und�:r the Secured Debt will be paid when due and in�accordaiue
<br /> with the terms af th�Secured Debt and t4is Security Instrwnent.
<br /> 6. WARRA1�11'Y OF 7TR.E.'Grantor watran4s that Grantor is or will be lawfuuy seiud of the estate convcyed by this
<br /> Security Instrument and has the right to ircevocably grant,canvey, and sell the Property to Trustee,in trust,with
<br /> power of sale.Grantor also warranu that ihe Property is unencwnber�d.e�uept for eacumbranoes of rernrd.
<br /> 7. PWOR SECUAi3Y IMERES7`S.With regard to any oiher mortguge.deed of trust,security agrecmant or other liea
<br /> docunaent that created a prior security interest or encumbrance on tPte PrWxcty,Grantor agrees:
<br /> A. Ta make all payments when due antl to perform or campiy v�rith all covenants.
<br /> B. Ta promptly deGver to Lender aay notices that Grantor reec:i�es from t�holder.
<br /> C. Not m allow any modi6cation or extension of,nor to recyuc:si any future advances under any note or agreement
<br /> secu,m�by the Gen docmnent without I.ender's prior writt�ti�e��onsent.
<br /> g. Cl.AYMS ACAIIVST'f777.E Grantur will pay all taxes,assessments,liens. eacumbrances, lease payments,graund
<br /> rents,utiliues.and other charges reiutzng to the Property whcn due.Lender may cequire Grantor to provide to Lender
<br /> oopies of all notices that such amounts are due and the receepts evidencing Grantor s payment.Grantor will defend
<br /> title to the Property againsi any cLzims that would impair the lien of this Security Irutnunent.Grantor agrees to assign
<br /> to Lender,as requested by L.ender,any rights.claitns or defenses Grantor may have against parties who supply labor
<br /> or materials to maintain or improve the Pcoperty.
<br /> 9i. DUE ON SA1.E OR E.'ti�CfJMBRANCE.1.ender may,at its oprion,declare tr"�entire 6alance of the Secur�d Debt to
<br /> be iaunediatety due and payable upon the crearion of,or contract for the crzation of,any tien,eacumbra�et�x.cransfer
<br /> or sale of the Property.'Ihic ri8ht is subject to the resuictions unposed by federal law (12 C.T.R 591),as applicable.
<br /> Ttuc covenant shall rurt with the Progerty and st�all remain in e�ecc until ihe Secured Bebt is paid in full and ilus
<br /> Security ITUtrument is releaSed.
<br /> ;w pgnvF�TV f:ANn1TiON.ALTEitATIONS AND iNSPECI'AON.Graator wiU keep the Property in good
<br /> wndition aad mal•o al!rep�irs thaL are reasonably necassary. Grantor shzll not comm�t or aiiow any wasie.
<br /> impairment,or deterioration of tha Froperty.Grantor will keep the Property free of noxious weeds and grasses.
<br /> Grantor agrees that the nature of the occupancy and use will not substai►tiaUy change witdaut Lender's prior wr�tten
<br /> concent Grantor will not permit any change in any license,restriciive covenant or easement without Lender's pri�x
<br /> written oonsent.Grantor will notify Lender of atl demands.Froceedings,clainu,and actioas against Grantor,and of
<br /> any loss or damage to the Property.
<br /> Lender or Lender's agents may,at Lender's option, entcr the Froperty at any reawnable time for the purpose of
<br /> inspecting.t�►e Propetty. I.ender shall give Grantor notice at the time of or before an inspection specifying a
<br /> reasonabte{surpose for the inspection.Any inspection of the Property shall be entirety for Lender's benefit aad
<br /> Grantor wiil in no way rely on Lender's itupection.
<br /> 1L AUTNOW'iY TO PERFORM.If Grantor fails to perform any duty or aay of the covensnts contained in this
<br /> Security Insirument,Lender may,without notice,perform or cause them to be performed. Grantor apFoints Lender
<br /> ac attomey in fact to sign Grantor's name or pay any amount necescary for performance.l.ender's right to pedorm fot ,
<br /> Grantor s1�aU not create an obligation to perform,and Lender's failure to perform wiL[aot preclude Lender from
<br /> exercising any of Lender's other rig'hYS under the 1aw or this Security Iiutrument.If any coastruction on the Presperry is
<br /> discontinued or not c.zcried on in a reasonable ataaner,Lender may taYe ill steps necessary to Rrateet Lender's
<br /> security�nterest in tI�e Pn�perty,including comptetion of the oonstruction.
<br /> lL ASSIG�V[ENf OF I.EASES AND RENIS.Grantor irrevocably grants,conveys and sells to Trustee,ia en�.ct for the
<br /> benefit oE L�ender,as additional szcurity all the right,title and interest in and to any and all existing or future leaSes.
<br /> sublcateS aud any ather written or verbal agreements for the use and occupancy of any portion of the Property,
<br /> including any exte�ns,renewals,modi5cations or substitutions of such agrccmersts(all refened to as"�,eases")and
<br /> renls.issues apd praft�(all referred to as "Rents"). Grantor will promptly proNde Lender with tru�arzd correct
<br /> copies of all exiuing and futwe Leases.Grantor inay collect,receive,enjoy and use the Rents so long as.�S+cantor is not
<br /> in default under the terms of this Secutity Instnunent.
<br /> - Granior acknowledges that this assignment is perfeexed upon ihe recording ot this Deed ot'Trust and that Leader is
<br /> - enri�led tu��uiify ai�y of Grar�tar's tcn�ts to ma:e gaynseni of Reats dste or to bes� c��to Lender. However,
<br /> Lender agrees that only on default will Lender eorify Grantor and Grantor's tenants and make dematsd that all fumre
<br /> Renu be paid directly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lender any
<br /> payment of Rents in Grantor's possession and will receivc any Renu in trust for Lender and will not wmmingle the
<br /> Rei�u with any other funds.Any announts collected will be applied as provided in this Security lastniment.Grantor
<br /> warranu that no default exisis under the Leases or any appticahle landlord/tenant law.Grantor aLso agrecs to maintain
<br /> and zequire any tsnant to comply with the terms of the Leases and applicable law.
<br /> L3, l,EASEHOLDS;CONDOMINIUMS;PLANNED LJ1VIT DEVELOPNEIV7'S.Grantcu agrees to wmply with the
<br /> provisions af any lease if this Security insttvmenl is on a IeasehoW.If the Property includes a unit in a condominium
<br /> or a planned un�t devclopment,Grantor will pc;rform all of Grantor's duties under the covenants,bylaws, Qr
<br /> - tegulations of the condomiruum or planaed unit development.
<br /> 14. DEFAULT.Grantor will be irt detault if any party ot►ligated on the Secu;ed Debt fails to mzke payment when due.
<br /> Grantor.will bc in dcfault if a breach occurs under the terms of this Sccurity Instr�ment or any other document
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