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 />
|