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<br /> -�—.�` B. AU fnture advanoes fmm Beneficiary to Triuwr or other fiuure obligations bi�custor o geae�ciarp—uader aay ,
<br /> . ''` . ` . Promissory note.conuact,guarant3►•ox other evidence of debt exisdag now or exewted after this Deed of Tn�st ,<`;�._'.: ',' �
<br /> ,� � • . wb�or not this Deed of Tr�ast is speci�caliy refared to in the evideaoe of deb� , �
<br /> .'��=� r. , C. All obligatioas 1�ustor owes to Beaet�ciary,wlrirh now eaist nr may later arise. to the exteut not prolu'bited by �
<br /> • law. induding, but not limited tn. liabilit�es for overdzafts relating w any deposit accowu agreement becween • ,
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<br /> • Ttuswr and Beaeficiazy. �
<br /> ` � � D. AU addlHonal s�una advanced�d expeases inc�ured by Benefcciary for insuring,Preservin8 orotherwise pmteaing < < .
<br /> ` ' the Property snd its value and any other smms advaaced aad expenses iatvned by Beaefcc"iary undcr tfle terms of . `
<br /> � , � ` this Deed of Trust. pins interest at the lughest rate in effect, from time to rime. as pmvided in the Evideaoe of . . ' : `�
<br /> � `�-•- ".�'�. Debt. .
<br /> � � �. :.�:: E. Trust�r's perfonmance tmder the terms of any insautnent evid�cing a debt by Tnutar to BeB�iciary and any Deed , �_. <.
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<br /> � . of Tcust securing.guarantying.or otherwise celating to the debt. ;
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<br /> . � If moze thaa one person signs this Deed of Trnst as Tmstor, each Tznstor agcces that this Dced of Trnst will seaue all •
<br />- , � �. {utare adv�an�fuAue obligations descn'bed above that�e given to or incurred by any one or more Tn�stor,ar any . � •
<br /> - '` ' one or more TtusWr and othecs.This Dead of Tmst wIll not secure aay other debt if Beneficiary faits,with respect co suclt � -�
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<br /> , other debt,to maice any req�riied disc2osiue about this Deed of Tmst or if Bene�iciary fails to give aay required notice of •
<br />°. ;, �' the rigTnt of rescission. . .
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<br />- . � 5. PAYIVIENTQ.1Yustor agrees w make aU payments on the Seivred Debt whea dne and in accoidance vrith the terms of the - ."� ��:�°.
<br />, ` , Evideace of Debt or ttus Deed of Tmst. '�. ` ,; +,�-
<br /> " ' � 6. WAIaRANTY OF T1TLE.Tn�.stor coveaants tLat Tmstor is lawfiilly sei7Ed of the estate comreyed by this Deed of Tnut �
<br /> _ f �(�' and has the iight to irrevucably gcant,coavey and sell to Tnutee.in m�st,with power of sale,the P[operty�8 wariants • � -
<br /> , , � thai the Pmperty is uaencumbered.excePt far eac�brances of reco:d. ``.` .
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<br />- . � . . _ 7. CI.A�MS AGAINbT'1Tl'I.E.Tmstor wtll pay all taxes,assessments,liens.eucambraaces.lease payments.Bround r+�ts. . � --
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<br /> ' � utilities,and other charges celating to the Property when due. Beneficiary may require Tn�stor to provide to Benefcciary . ���
<br />- � copies of all notices that such amo�ts are due and the receipts evidencing Trautor's payment.Tnistar an71 defend title to ° `r=z=—
<br />-- � the any claims that wonld impair the lien of this Deed of TnTSt.Tn�stor w assign to Benefi _ '"'� .
<br /> � pnoPerty a8ainst a�s �5''� ,-.�:. _.,_
<br /> ' � :,�=� reqaested by Beneflciary, any rights, daims or defeases wbich T:asWr may have against parties who supply labor or .. :t�,�4;;:,�
<br /> . . materials to mqtr�ve or maintaia the Prope�tq.
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<br /> - • • 1 8. PRIOIt SECURTI'Y INTERESTS. With regard w any other morigage,deed of uast, security agrec.�nent or other lien _--_ --
<br /> � docuruent thai created a prior secarity interest or enaunbianc�on the Property and that may have priorlty rner this Deed :• �-,��
<br /> � . of Tnist,Trastor a�ees: f� "� -
<br />, -� -- � A. To make all paymeats wlnen due aad to perform or comply wlth all wvenaats. '� ..
<br /> " B. To prom�tly deliver to BeBesfuiary aay notices that Trastor receives from the holder. < ;:µ ,,.
<br /> • . C. Not to make or petmit airy modificadon or emension of,and not w reqnest or accept any fntuce advances under any , t�._
<br /> note or agreement secured hy,the other mortgage,deed of unst or serurity agreement unless Beneficiary consents • , .
<br /> . . . . in writ9ug. . "�
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<br /> . • • 9. DUE ON SA�E OR EPICIJNIBItANCE.BeneSciary may,at its aption,declare the entire balance of the Seaued Debt to ,�� • �: ��-
<br /> � � � � be immediately due aad payable apon the creation of any 1ien,encumbrauce,transfer,or sale,or coatract for any of these � r�.!�;_
<br /> . on the Propertq. However, if the Property �ncludes Trustor's residence, this section shalt be subjecc to the resuIcxions , �:�;�;:_:.`
<br /> � • imposed by federal Iaw(12 C.F.R.591),as applicable.For the purposea of this section,the term"Property"also inctades � �� `,.-�_:-
<br /> . . . any interest to ail or aay part of the Property.'Ibis wvenant shall run with the Property and shaU remain in effecx imtil the =_.
<br /> _'. � Secured Debt is paid in full and this Deed of Tsust is released. �:=--=-
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<br /> :`;.: � 10.TRANSFER OF AN IIV7ZRES°i'IN'P�GRANT�R. If Tnrstor is an endty oWer than a natwal parson(snch as a �_
<br /> ' � ootposadon or other orgaaization), Beneficlary may demand inunediate payment if(1)a beneficial iaterest in'Y'mstor is "�,�`.
<br /> � �� . � sold or transferred; (2)there is a change in eithes the identity or m�mber of inembzrs of a partnershi�;or(3�there is a .- �='`�=-
<br /> � �� change in owneisbip of more than 25 percent of the voting stock of a co:poration.However,Benefidary may not demand . . .
<br /> , payment ia the above situations if it is prohibited by law as of the date of this Deed of Trnst. � � =
<br /> . .� � 11.EN�'I1'Y WARRAN77ES AND REPRESENTATIONS. lf Trustor is an endty other than a natural person(sacli as a • .
<br /> � �� . , . ; corporadon or other organization). Tnutor makes to Beneficiary the following warranties atid repreaeatations which shall . ;::,��. ,'.
<br /> � � , be continning as long as the Secured Debt remains outatanding: � . ��
<br /> , A. Trustor is an entity which is d�.i.y organiud and validly existing iu the Tn�stor's stue of incorporation (or
<br /> • � orga�:�on). Trustor is In good standing in all states in whi:L:Trustor uansacts business. Trustor has the power : _
<br /> ���:: � and z:.aority to own the Property and to carry on its bnsiaess as now being oonducted and, as applicable, is . ,
<br /> � ! quali�ed to do so in each state in wlilch Trustor operates. � ' � •
<br /> � S. 'Ihe execution, delivery and performancc of thia Deed of Tnut by Trustor and the obligation evidenced by the .
<br /> Evidense of Debt are within the power of Trustor, have bcen duly suthorized. have recelved a11 necessary _,
<br /> • �` . � governmental approval,and will not violate any provision of la�+.or order of court or governmental agency. , � �
<br /> `` C. Othes than disclosed in writing Trustor has not changed its name within the last ten yeass and has not used any .
<br /> � i other Vade or fictiuous name. Without Beneficiary's prior written consent,Trustor does not and will not use any '
<br /> � other name aad will preserve its existing name,trade names and franchises uatil the Secured Debt is satisfied. �
<br /> � . � ! 12.PROPERTY CONDTTION� ALTERATIONS AND INSPEG°I'dON. Tn�stor wi11 keep the Property in good wndition � '.
<br />� ' � f and make all repairs that aze reasoaably necessary.Trustor will give Beneficiary prompt noGce oF aoy loss or damage to
<br /> . '�� � the Property.Trustor wi11 kcep the Property ftee of noxious weeds and grasses.Tn�stor will not initiate.join in or consent .
<br /> ,.__. , to any change in any private restrictive covenant, wning ordlnance or other public or private restriction limiting or .
<br /> • � defining the uses which may be made of the Prflperty or any part of the Property, without Beneficiary's prior written � .
<br /> � consent. Trustor wi11 notify Beneficiary of all demands, proccedings. claims, and actions againstTrustor or any other � ' � �•
<br /> . , owner made under�aw or regulation regarding use,ownership and occupancy of the Property. Tcustor will comply wiih all . •
<br /> ' legal requiremenu and restrictions,whether public or private.with respect to the use of the Properiy. Trustor also agrees .
<br /> �' � that the nature of the occupancy and use will not change without Beneficiary's prior wrltten consent. � �,
<br /> ,- ' No portion of the Propetry will be removed,demolished or materially altered without Beneficiary's prior written consent ; _
<br /> • . ' except that Trustor has the right to remove items of personal propeny comprising a part of the Propercy that become wom i � �
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