|
�_ . . -- ��--�_
<br /> � ... . . _ _. . . - -
<br /> --�-- � - -- -- — - - --'-- - - _ _. - -
<br /> . . � _. . - . . � . �. -, , :. � :��.
<br /> _ t_•:- --,� s,:
<br /> . . - ` - . . ' y.-` . .._,__.� ..�. .__._�_......�.... ....-,._.._._.. � ..-,�_.f.—..�._�..-.__—.._.._ . ..��ivc,—. r. i '� ���� `,.
<br /> . ' �`' i ` !� t'- .' . ' .� ..
<br /> i �
<br /> . a� s'`�. , � �
<br /> � " 'i . " . . � �_.. .
<br /> ' . � t "� ����� . ' .. .
<br /> .--- - -.`' B.All &ture advances &om Beaefrciary to Tmswr or other future obiiga u'ons of T��o Beueficiary uader any -—.- -- ----:> -
<br /> ` . i promissory aute.contract.8narantY•or other evidence of debt execated by'Fn�stor in favor of Beneficiary exewted �;=�.�.,r...:.: `
<br /> , � � .i after thu Se�vrity �•+,ent whether or not this Securiry Insttument is specifically iefeienced. If more tban one �;._
<br /> � 4 Person signs this Security,Insuum�nt, each Tnuwr agrces thaz this Sectuity inatn�m t Wlll 52q1TL' 811 f11�i1LC
<br /> ) ����nd future obu�auons that are given to or incurred by any oae or more Tn�swr,or aay one or more Tmstor �
<br /> � " ...i and others. All futurc advwoes�d oWer funue obligations aze secused by this Security Instrument even thongh all ( • - .
<br /> 1 or part may not qei be advanced.A11 fut�re aclvances and othei future obl�gations are secured as if made on the date
<br /> � of this Securiry I n s tr u m e n t.N o t h i n g i n t h i s S e c u r i ty I n s a w n�t s h a l l c onsutute a oommitmeat w make additional or ..
<br /> • ` future toans or advances in any amowu.Aay such commitment musc be a g r e e d co in a s�arate writing. . ...
<br /> • �. C.All obligations Tc�stor owes w B e ne Bciary. w h i c h m a y l a t e r a r i s e,t o t h e e x t e n t not prolu'bitedtaeen Tnistor and , .
<br /> . � � but not limited to, liabilities for overdrafts relating ta any deposit account agrcemen � `. -. ,,:
<br /> . � ri
<br /> .j D.All�ddi•'�u'o n a l sums a d van c e d a n dexpe o s e s incaured b y Beneficiary for insurinS.presenrflng or otherwise pmtectin� E-___T'-__-�.,;_.
<br /> in ur
<br /> .� . � • ; the Property and its value and aay o t her sums advanced and expwses incurred by BeneficiarY under the terms o f t h i s , ..
<br /> , � Secnrity Iasuum�t. ` . .
<br />- � ,j .�S�ty ��nt wi11 not secure any other debt if�eneficiary fails to give any required aoace of the right of _: -:�,_
<br /> � °� resrission. ' u -
<br /> . . 5. PAYMENTS.Ttustor agrees that all pa�rmeuts uader the Secured Debt will be paid when due and in accordance with the ` r;4 -
<br /> � . .� terms of the Secured Debt and this Secunty Iasuumen� -;-� _ :
<br /> �r'•a i_-`-
<br /> ' 6. WARRAIVTY OP`TITLE. Tn�swr warrants that Tnutor is or�sell1the�Pra1 Pertl+�Tnjstee,�in�st,n�nth pow�er�of ` . �': "w
<br /> - . • Security in ,..,ent and has the right to ircevocably gtanb convey, _ ._:�,'<� '��,.
<br /> sale.TnLStor aiso warrants thai the Property is unencumbered,except for eacutnbrances of record. . • _--
<br /> ` ' 7. PRIOR�ECIJRiT1t IIVTERESTS.With regard to any other mort�age,deed of uust, scra:fin agreement or other lien `� � _-°.
<br /> '��- docutncnt thaL created a prior security interest or encumbrance on the Property,Trastnr agrees: ...;?-�_t
<br /> . � A.To make all paYmeIIts when due and to perform or comply with a11 covenants. ;.:.�,,�
<br /> m
<br /> " B.To promptly deliver to BeaeficiarY anY notices that Tn�stor receives from the holder. ' _f`�
<br />� . _ C.Not ta allow aay modiftcation or extension of, nor to request aay future advaaces uader aay note or agrcemeat •..•,i��-:_
<br /> secured by the lien docaimeut wi t hou t B eae fici a ry's prior amtten consent• - �-` ;�,�_
<br /> . ts, und rents, " �` `%"�
<br /> � . S. C L A II V I S A G A I N S T TITLE.Truseor will pay all taxes,assessments,liens,encnmbrances,lease paymen gro : • N-{j
<br /> � uWities,and oiher charges relating w tlie Property whea due.Beneficiary may rec�uire Tn�st°r to rovi de co B e nefici a ry
<br /> P �.�t:."'`��'
<br /> copies of all notices that such azn°u��s�due aud the receipts evidenciag Tmswr s paymen�Tn�.stor will defe�ud dtle to � • �•,a �;���+:::
<br /> Insuumeut Troswr agrees to assiga to �: ;;-
<br /> � the Property against an claims tLat would imparc the tien of tius Secunty � - � _
<br /> .' g�c�ary as requ�by Beneficiary.any riP,hts,claims or defenses TnLStor may have against parcies who supplyl�hor , ,-Y�-�
<br /> , :
<br /> or ma t e r i a l s to ma�ntaia or�mpmve t he Prope rt y. : �'.-.;,.
<br /> • ,.��:�. ,,..-.
<br /> 9. DUE ON SALE OR ENCIJMBRANCE.Beneflciary may, at its opuon,declare t�e�tire balance of the Secured Debt w •'� '� i1��i._�"
<br /> � � , be immediazely due and payable upon the creation of,or conuact for the cmation af, a�r lien,encumbrance.uansfer°r .s,;,j� ,;.
<br /> • . . � sale of the PropertY.This nSht is sublect t°the resuicaons imposed.by federal laR•(12 C.F.R.591),as a licab2e.Titis : .'
<br /> � ' covenam s6a11 run w�th the Property and shaU remain in effecc uanl the Secured Debi is paid iu fiill an�this Security ;:��-�"".;.
<br /> s w ' �•�.;;:,
<br /> � • Insuumeal is released. " :. ,. - ;
<br /> t � . �n ood candition .. '��
<br /> _ 10. PYiOPERTY CONDITION, ALTERA'i'�ONS AND INS�ECTION. Tn�stor aill keep the Property ' g • .. .'�`,:. .
<br />� � .. :- aud make all airs that are reasonably necessary. Tn�stor shall not commit or a�low any waste. unPaument+ or . +��`':.
<br /> . �f deterioratlon of�e Prop�+.Trustor will kcep tl�e Property free of noxious weeds and grasses•Trustor agrees t�at the �:�_:+i�:�_
<br /> " nature of the occupancl+ano use will not substantially change without Beneficiary's prior written consenc.Truscor will not ..;��, _
<br /> :..�,..
<br /> :- permit any chamge in any Iicease,restriciive caveaant or eas�nent without Beneficiary's prior written consent.Trustor arill .:,• ;�..
<br /> �.,�� notify BeneBciary of all demands, proceedings. claims,and actions against Trustor, and of aay loss or dama8e w the , ��
<br /> � proPertY, •.. � .'��'
<br /> at any reasonable time for the ose � ��-�"�
<br /> Beneficiary or Beneficiary's agenu may,at Beneficiary's option,enter the Propercy sp P��y�n , ty•
<br /> • � of inspec�ng the Property. Beneficiary sLa11 give Tn�stor nodce at �es�1 be ntirely for Bene�ic��'ary's be e�t and ;;`��.
<br /> ' reasonablepurpose for theu�spedion. Any, inspection of the Property �. r_.:
<br /> � � Truswr will ia no way rely on Beneficiary's mspection. , - -
<br /> . , � il. AUTHORTrY TO PERFORM. If Tn�stor fails [o perform any duty or any of the covenants contained in this Secarity . •
<br /> Instrument, Beneficiary may, without notice. pedor�or cause them to be perfomaed. Tn�swr appoints Beaeficiary as :
<br /> � attomey in fact to siga Tn�swr's name or pay any amount necessary for performance. Beneficiary s right to erform for , .
<br /> . . Trustor shall not create an obligadon to erform. and Ben�ciary'S s�fa'��lur���II�i��y�P�r��aoA one��e�, . •
<br /> , � 4 exercising any of Beneficiary's other righpts under the law os t6is ty .
<br /> } is discontinued or not carried on in a reasonable manner,Beaeficiary may take a11 stePs necessary to protect Beneficiary s
<br /> , k security interest in th�Froperty,including completion of the coastruction.
<br /> �.. ; 12. ASSIGNMENT OF LEASES AND 1tENi'S.Tnutor irrevocably grants, conveys and sells to Trustee, in wst fot the :o� � .
<br /> ' � benefit of Benefciary,as ad�itional securiry all t6e right. title and interest in and to any and all existing or future leases,
<br /> �.� subleases.and any other wriaen or verbal agreements for the use and accupancy of any portion of the Propeny.including
<br /> . -, , any exteasions.renewals,modifications or substitutions of such agreements(all referred to as"Leases")and renu, issues i
<br /> � and profiu (all referred to as "Rents"). Trustor will promptly eruvide Beneficiary with true and carrcct copies of all
<br /> eaisung and future Leases•Tmstot may collect,receive,enjoy and use the Rents so long as Trustor is not in default under
<br /> � the tem�s of ttris Security Instnunent.
<br /> ' Trustor acknowledges that this assi�nment is perfected upon the recording of ty:s Deed of Trust and that Beneficiary is
<br /> entided to notify any of Trustor's tenants to make payment of Rents due or to become due to Beneficiary. However.
<br /> Benefciary agrees that only on default will BeneGc�ary noufy Trustor and Trustor's tenaY►is 8ud make demand that z11
<br /> fiiture Rents be paid directly to Beaeficiary:On receiving notice of default.Trustor wili en�Ydrse and deliver to BeneSci
<br />` i any payment of Rents in Trustor's possess�on and will recerve any Rents in trust for Beneficiary and will not commin�
<br /> � ' • the Renu with aay other funds. Any amounts collected wili be applied as provided in this Security Inswment.'I'rustor
<br /> , warrants that no def�auAt e�stWU�d1ri�e�of the Lea�and pplicable lawtenant law.Ttustor also agrees to maintain and
<br /> reqnire any tenan mP Y . .
<br /> " i3. LEASEfiOLDS; CONDO;NINiUMS; PLANPIED L►NIT DEVEIAPI9ENTS. Trustor agrees to wmply with the
<br /> provisions of any lease if this Security Instrument is on a leasehold. lf the Property includes a umt m a wndomm�um ot a
<br /> ,° planncd unit development.Trustot w�ll perform all of Trustor's duties under�he covenants.by-laws,ot regulations of the
<br /> condom�nium or pianned unit developmcnt. ,
<br /> IPago 2 of 41 ' .
<br /> 'J7994 BdtlkCf9 SVS�CmS,�n[.Sl C�we.M�i �7 800 397 Il»� �orm aE Di NE �2479C �
<br /> . � ..
<br />- . �
<br />._-_''.. '_ '"__. '—_
<br /> ; '
<br /> 'S
<br /> ti, �
<br /> . ._f��n�-�"��
<br /> '� �
<br /> ..- . .
<br /> ' ..- . . . . . .
<br /> . . . � .. . . . :.:.
<br /> � , �. . . .. . . � .
<br /> ., .� ., �e
<br /> . .�'
<br /> �1E . . .- . .. .. .__ '. . . _ ' _ . _... _ _ .. ' ..". _. .� . . . _ . ._ ., _ _.'___ _ _.____ . ..
<br /> �� � 4
<br /> .
<br /> � .. . �
<br /> ,. . .
<br /> , . �
<br /> "'
<br /> .� . - .�� . . :� -t -�. ___.._1._. ). __� -. _� a .
<br /> .-
<br />
|