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<br /> . . . B.Ail fnture advances from BeAeficia:y to 'Czustor or other future obligauons of Trustor to Beaeficiaiy under any : ,.`'M1 `:` '.
<br /> •' . ; ' , promissory aote.wntsact,guardntY.or other evidence of debt execuud bY Trastor in favur of Beneficiary e�cuted 4.�}� ,
<br /> ,�.'• < .` after this Security insaument wltether or not this Security Instrumeat is specifccali�y�e�r Aa�.,d�l Isecure a1�ture r ,.
<br /> � p e t so a si g n s this Secnrit5►.Instn�ment. eacb Tn�stor agrees that this Security .
<br /> • ' ativances aad futuce o b l igauons t h a t az e g i v e n t o o r i c c u n e d b Y a n Y o s i e o s m o r e Tmstor.or at►y oue or more Trustor ;,.' ` .```4 :
<br /> � r ��' and othets. All fuuue advances and other future obligarions are sec�sral by this Securiry Iastniment even t hou g h a l l . ,
<br />: : ; . :. or part may aot yet be ad t N�othing'w�th�Secvn�Iasuument sball cobnsu�tutea�mau'tmeat o�matce a�ditlonalaor , � .
<br /> . . .� � of this Sepuit�+Iastrumen .... . .
<br /> - ` ' "` fuuue 2oans or advauces in any amount.A°S'w��.,��t�e•bo���not pro�bit�b glaw. including,
<br /> ._4�- ��-� C.All obligattons Tnistor owes to Benefcc�ary, t account a ment between Trustor and '
<br /> � . ; ` btu not limited to. liabiliries for overdrafts relatutg to any �p� � t,<
<br /> Beneficiary. and expenses incurred bY Beneficiary for insuring,preservin8 or othenarise protectin� _ :.�,�,
<br /> , � . D.EUl additioaal sums advanced enses incarred by Benefcciary under the tsrms of this
<br /> . . the Property and its value aad aay otfier sums advanced and eap '
<br /> . . � .' � gecurity InsaumeSt. � ,.r
<br /> �. < _ `S:� 'fhis Sec.miry Insuument will not sec�ue any other debt if BeneSciary fails to give an}r re�Nired notice of the rigiu of �
<br /> � , �� rescissioa. " ` ' � -�-
<br /> � " 5. PAYNIENTS.Tn�stor agrees that all payments under the Secured Debt will be paid when due and in accordaaoe with[he "' �
<br /> •_ . . terms of the Secured Debt and this Securtt3+Insuument. <.�,:, _,Y._:
<br /> • 6. WARRANr1i OF'ITTLE.Tmstor warcanu that Tmstor�nvey.a�nd s ll�the�Prope�Tnist�,ia'�tmsct��myth pnwerhof --_
<br /> � . . -. gecurity Insuumeuc and ha�s the rlght w irrc.wocably gran. . —
<br /> � • � sale.Tnistor also waziants that the ProPertY is u°encumbe�l'except for encumbrances of cecord.
<br /> , � • : `� . • Wlth regard to any other mo e,deed of tn�st, seaarity agreeme�or other lien - . - __
<br /> . . ��f 7. PItIOR SE�IJRITY Il�i'CER��• . -
<br /> d o c u m e n t t h a t c r e a t e d a prior securitY interest or encumbrance on the�ropanY.T�T��� •';'�s``
<br /> - � ,�.. ;.: A.To ruake all paymenis ahen dae and to perform or camP lY w i t h a l l c o v e n a n u. _.... `_,�-
<br /> _ B.To pramptlY deliver to Beaeficiary aay notices that Trustor receives from the Iwlder. �r;.._
<br /> � C.Not to a11ow aay modfifrc�ion or extension of,�no�toor�equest���� �+���er any+ note or agreement .Y�_
<br /> �" �' secured by the lien doaunent without Beneficiary s p =.� _
<br /> ::'. ts, ormd reats, '. � ���
<br /> 8. CLAIMS AGAIl�FST TITI.E.'Tnutor witl pay all taxes.asse.ssments,lieas,encumbran T��ioa rY�de to�Beneficiary � a ;�__.
<br /> �..- . . ntilities,aad other charges relating to the Pmperty when due.Beneficiary maY rec�aire P M-
<br /> �:.
<br />.'�.• . copies of all notices that such amounu are due and the receipts evidencing Tnuws s PaY�Tnuntor agrees t�o�s�gne w . ...�,:
<br /> : � the PropertY a�ains� anY ciaims t6at would impair the liea of this Security ��• . �es who supply labor �.'�•.-_
<br /> . '�.�` Beaeficiary.as requested bx Beneficiary,any rigbts.claims or defenses Tn�swr may have agamst P �' >.;_-,_`
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<br /> �.,. , :• or maten'als to mawtain or unprove the Pmperry. .
<br /> 1 at its o tioa,declare the entire balance o f t he Secu r e d D e bt to ��.� :.��`
<br /> __- -- : . 9. DUE Ol�i SALE OR E�lCU11II�RANCE.Beaeficiary may, a�y `� -
<br /> . � _ be immediately due and�.p nabi,�nPsub'ec�,i to t�he rnes ictions impose�.d�byf eral law(12 C.F R 991�as applicab el f This .�. _
<br /> sale of the Pmpert3+•. � � �� -�-
<br /> . covenant s3�aU tua v�n t h t he ope r ry a a d s h a l l r e m a i n in effect unW tbe Secured Debt is paid in full and this Security :.. .,�':_-
<br /> . • ' Insprument is released. '�:-
<br /> - -. - • • �`_ 10. PROPERTY CO�ITlthat are�r�TION���t�aU no�eo�mmit or ailo e any w�aste��mpadirment, a '�;;�_
<br /> �� . :� and make aU ep y es. Tmstor a ees that the '�'' ,;?;'+3:,r:::
<br /> ,r'<. � deterloration of the Property Tn�.ctor will keep the Property free of noxions weeds and grass St ,;,_.
<br /> � nature of the occupanc,y and use will not substaniially change without Beneficiary's prior writtea consent.Tn�stor will not :
<br />_� , • , permtt auyr change in aay license,restrictive covenant or easement withouc Beneficiary's pdor written consent.Trustor will ,;.��-
<br /> ��,`: not�fy Beneficiary of aU demands, proceedings. claims, and actions against Trustor, and of any loss or damage to the •' �._-
<br /> ._. Property. . . ��_
<br /> . , �' `' Beaeficiary or Beneficiary's ageats may.at Bene.feciary's option,enter tt�e Property at any reasonable time for the puipose „_
<br /> of inspecnn8 the Pcoperty. Beneficiary shall,g�ve Tnutor notice az the ti�me�Oe ntiuel�for BeneTciary'ssbenefi�and - ,��'"
<br /> �rl � ' reasonablepurpose for the inspection. A�! u�spectson of the Properry Y -:
<br /> ;���'''.. ,. Tn�stor a+ill in no way rely on Beneficiary's�spr,ction. . ,. . :^
<br /> ' 11. AUTHOR1TY TO PEI�F01tM. If Trustor fails to perform any duty or any of the covenants contained in t1us Se�uriry
<br /> � Instrument, Beneficiary may, anthout notice,��o�t�°S�for performan�BeaQfi��ciiy s�rigbt to�e om for .:�,. -'-
<br /> � � attomey in fact to siga Trustor's name or pay y
<br /> ; . ' Tn�stor shall not create an obligation to perform,and Bw r t�hisySecurI�Ins mment�. If any�construction on the�Propert�► '
<br /> � exercising aay of Bene�ciary s other rigiits under the 1a �Y
<br /> is discontinued or not cazried ou in a reasonable manner,Beneficiary may take all steps necessary to proteu Benefic►ary s
<br /> � security interest in the Property,including completion of the construction. . :
<br /> ��� 12. AS�IGNIV�NT OF LEASFS AND RENTS•TN�or irrevocably grants. conveys and sells to Trustee. in trust for the .
<br /> • benefit of Beneticiary. as additional security all the right.title and interest in and to any and all existing or future leases,
<br /> • � ' subleases,and any othes wtitten or verbal agreements for the use and occupancy of any portion of the Property,including ,
<br /> . • any eatensions,renewals.modlfRent�s��Trustor�will pr�ofmptly apgovide Benefieia f rye�with tnie and�cor�rectde.oRies of all ' "
<br /> aad profits (all referred to as" ) �
<br /> ' exisnng and future l.eases.Trustor may wllect,receive,enjoy and use the Rents so long as Tn�stor is not in de ault under
<br /> � the terms of Wis Security lnstrument.
<br /> � Trusror acknowledges that this assi8nment is perfected upon the recording of this Deed of Trust and that Beneficiary is : �.L
<br /> " e n t i t l e d t o nati f y any of Trustor's tenants to make payment of Rents due or to become dna to Beneticiary. Howevet.
<br /> ` I Beneficiary agrees t f iat only on dcfault will Bene f ic�ary no ti f y T n u 2 o r a n d T r u s c o r's t e n a n t s a nd make demand that all .
<br /> � futute Rents be paid directly to Benet'iciary.On receiving nottce of default.Trnstor will endo�se and deliver to Benefic� ,
<br /> • any payment of Rents in Trustor's possession and will receive any Rents in tn�st for Beneficiary and will not commin e .
<br /> � the Rents with any other funds. Any a�nounts w�iected Wil�be applied as provided in this Security Instcument. Ttustor
<br /> � warrants that no default exisu under the Leases or any applipble landlord/teaant law.Trustor also agrees to maintain and . . ,
<br /> ;��;� � � ' • require any tenant to comply with the terms of the Leases and applicable law. ,
<br /> � 13. L E A S E H O L D 3; C O N D O M W I U A'1S: Pl-AM�fED UN1T DEVELOPMENTS• Trustor agrees, to comply, with the
<br /> . . . : � provisions of any lease if this 5ecurity Instrument is on a leasehold. If the Properry inciudes a unit�n a con dommi u m o r a
<br /> � planned unit development,Trustor will perform all of Trustor's duties under thc covenants.by-laws,or regulations of the
<br /> 1 condommium or planned unit development. _
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<br /> _�-' � � ! �1994 Bantero SYStama.��c-.ai C4r�,J.Ltq tt CQO 397 234t1 c�.m HF DT NF 9/13198 . .
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