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<br /> H. All futurc advanccs from l.cndcr to Gr�ntor or othcr futurc obligations of(lrantor tu L�:n�i�r�undcr any promissc�ry
<br /> nute,ecntract. guaranty,or cnhcr evidena; cif debt executc:J hy Griu�u� in [a�ur ut l.c:nder e�ecuted a4'ter thic
<br /> • ' � Sccurity Instrument whcthcr or not this Sccurity Instrumcnt is spccifically rcfcrcnccd. Y(morc th�n onc penon �
<br /> Signs this S�curity Instrumcnt,cach Grantor agrces that d�is Sccurity Instrumcnt will sccurc all(uturc advanccs and �.
<br /> "> '/ futurc obligations that arc�ivcn to or incurred Ny any onc or morc Grantor, or any unc or morc Grant�r and __
<br /> � othen All future advanccs and other future obligations are secured hy this Security Instrument even thou�h all or �
<br /> part may not yct bc udvanced.AU tuture advanccs and other fwure obligu�iuna are securcd Hs if madc on th�datc r.
<br /> �:;�� of this Security Instrument.Nothing in this Security Instrument shull constitute a commitmcnt to make additionnl _
<br /> y or futurc loans or advfinces in any amount.Any such commitment must bc agrced to in a separatc writing. =:
<br /> .a+�'�i C. All oUligations Gruntor owes to LenJer,which may latcr arise,to thc extcnt not prohibited by law,including,but -
<br /> �''����*��''�''�� not limited to,liubilities for overdrafts relating to any deposit account agrecment betwe�n Grnntor and L.ender. -�'
<br /> � � D. All additiunal sums advanced and cxpenscs incurrcd by Lcnder for insuring,preservin�or otherwisc protccting _
<br /> �, � the Property and its value and any other sums udvanccd and expenses incurred by L.ender�mder the terms of .-
<br /> ,� this Security Instrumcnt. _
<br /> �' This Security Instrument wiU not secure any othcr dcbt if L.ender fails tu give any requircd notice of the right of rescission. _
<br /> ;'� 5. PAYMGIVT'S.Grantor agrees that all payments under thc Secured Debt will be paid when duc and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> . � 6. WARRANTY OF TITLE.Grantor wanants that Grantor is or will be lawfully scized of th�estute conveycd by this
<br />��5' � ,�� Security Instrument and has the right to irrevocably grant,convey, and sell the Property to Trustec,in trust,with
<br /> ' � power of sale.Grantor also wanants that the Praperty is unencumbered,�xc�pt for encuuibrances of record.
<br />-�`;z. ��: . 7. PRAOR SECURl1'Y INTERES'1'S.With regard to any ather mortgage,deed of trust,security agreement or other lien
<br /> � document that created a prior security interest or encumbrance on the Property,Grantor agrees: _
<br />=r=;.;;.�•� A. To make a11 payments when due and to perform or comply with all covenants.
<br /> ' °� B. To promptly delivcr to L.endcr any notices that Grantor reccives from the holder.
<br /> = , . . C. Not ta allow any modi�cation or extension of,nor to request any tuture advances under uny n�te or agrecment
<br /> - secur�d by the licn document without L.ender's prior written consent.
<br /> ` : � 8. CLA�l61� AGAINST TITLE.Grantor will pay all taxes, assessments,liens,cncumbrances, lease payments, ground
<br />_- � �� rents,utilities,and othcr charges relating to the Property when duc.Lender may require Grantor to provide to Lender
<br /> "' •'• !,�" copies of all notices that such amounts are due and the receipts evidencin�Grantor's payment.Grantor will defend
<br /> y��� •_�� ; title to thc Property against any claims that would impair the lien of this Security Instrument. Grantor agrees to assign
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<br /> --. -� io i.,c:ndcr,a�i�yuc5tca��,y L�:ti.'�,:.i',o��y.�sttts,clair.:s�:dafe.^.s�s Granter may!?�y�againct rartics whn cuooly la or
<br />-�;�,,�'`�;{�iV� or materials to maintain or improve the Properiy.
<br /> -- ��;��r � 9. DUE ON SAL�OR ENCUMBRANCE.I.ender may,at its option,dedarc thc cntire balance of the Sccured Debt to
<br /> �;�;, ,, �,.
<br />-,,;�+N.,�,��i�x. be immediately due and payable upon the creation of,or contract for the creation of,any lien,encumbrance,transfer
<br /> �x„�f_.
<br /> -_r:�.,,,�_ or sale of the Property.This right issubjcct to the restrictions imposed by federal law(12 C.F.R.591),as appltca c.
<br />-==;;;_�'�''�'" This covenant shall run with the Property and shall remain in eFfect until the Secured Debt is paid in full and this
<br /> _ Security Instrument is released.
<br />--_-.���� 10. PROPGRTY GONDITION,ALTERATIONS AND INSPECTION. Grantor will kcep thc Property in good
<br /> �--,� condition and make all repairs that are reasonably necessary. Grantor shall not comrnit or allow any waste,
<br /> -- __ impairment, or dcterioration of the Property.Grantor will keep the Property free of noxious weeds and grasses.
<br /> ---=----= Grantor agrees that the nature of the occupancy and use will not substantially change without Lendcr's prior written
<br /> --� consent.Grantor will not perntit any change in any license,restrictive covcnant or easement without Lender's priar
<br /> ---° written conscnt.Grantor will notify Lender of all demands,proccedings, claims,and actions against Grantor,and of
<br /> - ---_-= any loss or damagc to the Property.
<br /> � ---� L.ender or Lender's agents may, at Lender's option,entcr the Propeny at any rcasonablc timc for the purpose of
<br /> --- - � �-- inspecting the Property. Lendcr shall give Grantor noticc at thc timc of or bcfore an inspcction specifying a
<br /> - --= reasonable purpose for the inspectio�r►.Any inspection of the Property shall be entircly for Lender's benefit and
<br /> =__�.:� Grantor will in no way rely on I.ender's inspection.
<br /> �--_`-_— 11. ALJTHORIT'Y TO PERFORM. If Grantor fails to perfom: aap �kry or auy of the covenants contained in this
<br /> - Security Instrument,L,ender may,wittaout notice,perform or cause them to be pcdormcd. Grantor appoints I.,c;nder _
<br /> -_ —�-- as aitorncy in fact to sign Grantor's narne or pay any amount nec:ssary for performance.Lender's right to perForm for
<br /> �_ Grantor shall not crcate an obligation to perform, and Le:nder's failurc to perform will not preclude Lcnder from
<br />_ ._w.. �� exercising any of Lcnder's othcr rights undcr thc la�v or this Sccurity Instrument.if any construction on the Property is
<br /> --•'--� discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to prot�.ct Lender's
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<br /> ����� security interest in the Property,including completion ot the construction.
<br /> -�•-� 12. A5SIGNMENT OF LEASES AND A.EN'TS.Grantor irrevocably grants,conveys and sells to Trustce,in trust for die
<br /> -"'A'������ bencfit of Lendcr,as additional scwrity xll thc right,tiNc and intcrest in and to any and al]existing or future leases,
<br /> -�-�:.:w;'�'�� � sublcases,and any othcr written or verbal agreements for thc; use and occupancy of any portion of the Prop�rty,
<br />-_:-+.;y+f�;� • including any extensions,renewuls,modifications or substitutions of such agreemcnts(afl r�ferred to as"L.eases")and
<br /> _-'�;,V.-,�a.:: rents,issues and profits (all refcrrcd to as"Rents").Grantor �vill promptly provide Lcndcr with truc and corrcct
<br />-:�:';:�"�'^�'°: , copies of all exiseing and(uture Leases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor is not
<br />-�:�°;3�,f'���>'�x in default under the terms of this Sccurity Instrumcnt.
<br /> _ :���.'°r�'�' Grantor acknowledges that this assignment is perfected upon thc recording of this Dced of Trust and that Le;nder is
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<br /> - .0�, . entitled to notify any of Grantor's tenants to make payment of Rents duc or to bccome due to Lcnder.Howevcr,
<br /> •..��:_:.. " Lcndcr agrces that only on dcfault�vill Lcnder notify Grantor and Grnntor's tenants and makc demand that all futurc
<br /> Rents be paid directly to Lender.On receiving notice of default,Grantor will endorse and deliver to Lender any
<br /> - - ,.0 D.,«��•:.,11..,ntn:..v.ccaecinn anr�ivill rnrriv�+ anV RPnfc In truct fnr I�nder and will not comminele thc
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<br /> - - l � Z Rents with any othcr funds. Any amounts collcctcd will be applicd as providcd in this Sccurity[nstrumcnt. Grantor
<br /> ' ' ��p� �i ° warrants that no dcfault cxists undcr thc L.cascs or any applicablc landlord/tcnant luw.Grantor also agrecs to maintain
<br /> ' ' and requirc any tcnant to comply with thc terms of the L.cases and applicablc law.
<br /> , . 13. LGASEHOLDS;CO1dDOMINIUAiS;PLANNCD UNIT QEVELOPMCiV'I'S.Grantor agrecs to comply with thc
<br /> provisions of any lcasc if this Sccuriry Instrumcnt is on a lcaschold. If thc Pruperry includes a unit in a condominium -
<br /> or a planned unit devclupmcnt, Grantor will perform all of Grantor's dutics ��ndcr thc covcnants, by-laws,or
<br />- regulations of thc conduminium or pl�inned unit dcvclopmcut.
<br /> 14, DGrAULT.Grantor will be in default if any party obli�ated on th� Secured Dcht fails to makc p.�yment whcn due.
<br /> � ' Grantor will be in Jefault if a hreach occurs nnder thc terms e�(this S�curity Instrument ur any other documcnt
<br /> .. (Pago 2 of 4)
<br /> � B 199t Uankaro S�r,tema Inc.SI CWO,NN(1�BOp397�IN1) Fqm REDT�NE 6'0.'84
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