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1 <br /> .rr.• <br /> . _..._ ._ . .. .. . � ,. <br /> , t . <br /> � <br /> i - <br /> ,1a, <br /> ��-�����t1�13t� <br /> • B. All fuwre advances from Beneficiary io Trustor or o[her future o ligations of Trustor co Beneficiary under any <br /> promissory note,contract, guaranty, ur ather evidence of'dcbt existing now or executcd afier this Deed of Trust r, <br /> whethcr or not this Dced of Trust is spccifically referced to in t5c cvidcncc of dcht. <br /> ! C. All obligAtions Trustor owes to 6encficiary, which now exist or may later arise, to the extcnt no[ prohibited by �`g'� <br /> law, including, but not limitcd to, liabilitics for ovcrdrafts relating tu any dcposit account agrcement betwecn '.'���� <br /> . + Trustor and Beneficiary. . -�` <br /> D. All additianal sums advanced and expenses incurred by Beneficiary for insuring,preserving or otherwise protecting `�h <br /> I the Property and its value and any other sums advanced�uid expenscs iucuned by BeneGciary und�r tl��terms of <br /> �'..�N� <br /> this Dced of Trusi, plus interest at tl�e highest rate in effect, from time ro time, as provided in �he Evidence of r ��•��:—_ <br /> � Debt. , -;,:,�_N- <br /> E. Trustor's performance under the terms of any instrument evidencing a debt by Trustor to Beneticiary and any Deed •���-��'' <br /> of Trust securing,guaranrying, or othenvise relating to the deb[. ��'"��— <br /> � ���— <br /> I If more than one person sisns this Deed of Trust as Trustor, each Trustor agrees that this Deed oE Trust will secure all • - _ --__ __ <br /> � future advances and future abligations described above that are given to or incuned by any one or more Trustor, or any <br /> � ane or more Trustor and others. This Deed of Trust will not secure any other debt if Beneficiary fails, with respect to such <br /> ' , other dcht. to make any required disclosure about this Deed of Trust or if Beneficiary fails to give any required notice of _ <br /> ' , the right of rescission. <br /> I 5. PAYMENTS.Trustor agrees to make all payments on the Secured Debt when due and in accordance with the terms of the <br /> Evidence of Debt or this Decd of Trusc. � � ._ <br /> 6. WARRANTY OF TITLE. Trustor covenants that Trustor is lawfully seized of thc estate conveyed by this Deed of Trust �'- <br /> and has the right to irrevocably grant, convey u►d sell to Trustee, in trust, with power of sale, the Propeny and wazrants �.-.`- <br /> that the Propeny is unencumbered,except for encumbrances of record. =- <br /> 7. CI.AIMS AGAINST TITL�.'I'rustor will pay all taxes, assessments, liens, encumbrances, lease payments,ground rents, -- <br /> y, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary <br /> • copies of all notices that such amounts are due a�d the receipts evidencing Trustor's paymsnt.Trustor will defend title to <br /> the Propeny against any claims that would impair the lien of this Deed of Trust.Trustor agrees to assign co Beneficiary, as <br /> requested by Beneficiary, any righ[s, claims or defenses whie.h Trustor may have against parties who supply labor or <br /> materials to improve or maintain the Property. <br /> � 8. PRIOR SECURITY INTERESTS. With regard co any other mongage, deed of trust, security agreement or other lien <br /> � document that created a prior security interest or encumbrance on the Property and that may have priority over this Deed <br /> of Trust, Trustor agrecs: <br /> � , i A. To make all payments when due and to perform or comply with all covenants. r <br /> B. To promptly deliver co Beneficiary any notices that'I'rustor receives from the holder. i �— <br /> C. Not to make or permit any modification or extension of,and not ta request or accept any future advances under any 3;��- <br /> note or agreement secured by, che o[her mortgage, deed of trust or security agreement unless Beneficiary consents <br /> in writing. <br /> ..�_ <br /> � 9. DUE ON SALE OR ENCUMBRANCE.Beneficiary may, at its option,declare the entire balance of the Secured Debt to �:,—' <br /> be Immediately due and payable upon the creation of any lien,encumbrance,transfer, or sale,or contract for any of these y"�"��` � <br /> .� on the Propeny. Howevcr. if the Property includes Trustor's residence, this section shaU bc subjcct to che restrictions ���: <br /> imposed by federal law(IZ C.F.R.591), as applicable. For the purposes of this section,the[erm "Propeny"also includes �-���• <br /> any interest to all or any part of the Properry.This covenant shull run widt the Property and shall remain in effect until the .. . ���.'�•-° _ <br /> " Secured Debt is paid in full and this Deed of Tmst is released. •�=Y �`� <br /> 1 t. ,i��_l�i� �. <br /> � 10.TRANSFER OF AN INT'EREST IN THE GRANTOR. If Trustor is an en�ity other [han a natural person (such as a � a;��;,� <br /> .. corporation or other organization), BencCciary may demand immediate payment if(1) a beneficial interest in Trustor is �'''L':t:,: �- <br /> sold or cranstened; (2)therc is a change in either thc idcntity or numbcr of inembers of a partnership; or(3) tliere is a �r'•''��.:. <br /> change in ownership of more than 25 percent of the voting stock of a corporation. However, Beneficiary may no[demand _�"��--� <br /> payment in ihe above situations if i[is prohibited by law as of�he date of this Deed of Trust. `�� �. <br /> �'�?.��,` "�. <br /> 11.ENTITY WARRANTIES AND REPRESEN'TATIONS. If Trustor is an entity other than a natural person (such as a '�^ <br /> wrporation or other organization), Trustor makes to Bcneficiary thc following warranties and represcntations which shall <br /> � be continuing as long as ihe Secured Debt rernains outstanding: <br /> A. Trustor is an entity which is duly organized and validly existing in the Trustor's state of incorporation (oc <br /> or�ani�ation). Trustor is in good standing in all states in which Trustor transacts business. Trustor has the power <br /> and authority to own thc Propcny and to carry on its busincss as now be�ng conduc�cu azia, as applicaUlc, is <br /> qualified to do so in each state in which Trus�or aperates. <br /> B. The execution, dclivery and performv�ce of this Deed of Trust by Trustor and the obligation evidenced by the <br /> Evidencc of Debi are within the power of Trustor, havc bcen duty authorized, havc received all nccessary <br /> govemmental approval, and will not violate any provision of law,or order of court or governmental agency. <br /> C. Other than disclosed in writing Trustor has no[ changed its name within the last ten years and has not used any I <br /> other trade or ficiitious name. Withoui Beneficiary's prior written consen�, Trustor does not :u�d will not use any <br /> othcr namc and will prescrvc its existing name, tradc names:md franchises un[il[he 5ccurcd DrUt is satisticd. <br /> �� PI)�IPCi?•rv rn�nrrtn�. nI.TF.RA7'IONS AND INSPECTION. Trustor will kccn thc Proncrtv in aood condition <br /> � � and make all repairs thai ure reasonably necessary.Trustor will givc Beneficiary prompi notice of any loss or damage to I <br /> thc Property.'frustor will kecp thc Property frec o(noxious weeds and grasses.Trustor wili not iniiiate,join in or consent I <br /> to any changc in a�iy privaic restrictivc ccn'cn.tnt, zunin�e ordincmcc or othcr public or privatc restriction IimitEng or <br /> dcFining thc uses which may be made of thc Property ur any part ot' �he Properry, without Bencficiary's pflor writtcn <br /> consent. Trustor will nutitj�E3cncli�iary ot' al! dcni�►nds, procccdings, claims, and actions against 'Crustor or any othcr <br /> owner madc undcr law or rey,ulation regarding usc,owncrship and uccupancy of thc F'ruperty. 'I'rustur will comply with�{II <br /> Icgal rcyuircmcnts and restric�ions, whrthcr public or privatc, with respcct ro thc;usc uf thc ProE�eny. Tnistor also agrccs <br /> that the naturc of the occupvicy and use �a•ill not chcuige wiQiuut Beneficiary's prior�vritten conscnt. <br /> Nu portiui;ul thc Prrpcny u•ill bc rcntuved,dctnolishrd or matcrially alt�rcd withuut R�ncticiary's prior writ�cn conscnt <br /> , excrpl ihat Traswr has ihc nght tu icmu��c ilcros of pcisunal propurry cumprising a par�ol thc Pruperty that hccuntc �t•ont <br /> . p�+,yc 7 0l G <br /> ' ^i��n7P..��...5..���,,. �... �.� . ..�,�Yei��tic:` 10•:l.�i� �..�, n�e�Di yt �,���G , <br /> . _ _. .. . ....._ ._.. . <br />