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<br /> � B. All(uture adcances from l.�nder to Gruntor e�r uthe�futuie ubligatiom af Grantur to end�r undcr any promixsory .. � __
<br /> note,a�ntract,guaranry,or other evidence ot debt�xecutcd by Urantor in fa��or c1f l.cnder executed after this ;:._ '�
<br />',-. . SE;curity lastrumcnt «•hether or nut this Security Instrum�nt i�s�ifically referenced.If more than one�xrson - .,,�
<br /> � si�ns this Security Instrument,each Grantor agrees that this Sc.�rurit�•Instramrnt a�ill�c.'cure all future advana;s and ` ,:_., ,�:
<br /> ' future obligauons that are given to or incurred by any one or more Grantor,or any one c�r more Grantor and � � �_�T�
<br /> �,, otheis.All tuture advances and other tuture obligation.�are secured by this Security Instrument e�•en thou g h all or . _
<br /> part may no2 yet be advanced All future advances and other future obligatiuns are secured as if made on the ciate . +
<br />_ . of this Security Instrument.Nothing in this Security Instrument shall constitute a commiunent to make additional I , :_
<br /> or future loans or advances in any amouut.�ny such commitment must he agreed to in a separate writi.r►g• . , 'z• '.,�
<br /> C. All obligations Grantor owes to L.ender.wlud�may later arise,to the er.tenl avt prr,hitsitesl i��la+Y.induding,t+ut " _ -
<br /> .::� - not timited to,liabilides far m:erdrafts relatiag to any depusit ai�count agreeraeut Uetweea Cran�c�r and Lender. E _ -•
<br /> D. All additioaal sums advaaced asid expenses mcurred E�y Lenc�er for inscuing.pr�ec�ving Qr atherv.ise protecting A•...,`� .� " �
<br /> the Pro pe rt y aad.its vaLete a�►c£any other sums advaneed aad expenses incurred try Lersder under the ternzs of :r�'�Lf.��',,;
<br /> - this Securit}��ent. -�� ,'. :` � �,•`
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<br /> TE�is Security gnst�ea��nt�."ill�oi seaue any other debt if Lender fails to gn,�e am'rc.}ttired rtotsa:uf the right of rescission. r`��, } .,
<br /> 5, �p��"�,Grantc��,+�s�hat all payments�uder the Seeured Debt v��u.�n:. paid when due and in accordance f�r�° _'�,�ry,_
<br /> ��: h ��
<br />``'� -' with the tex�s of tk�e Secur:,3 Debt and th�s Secur�c�L:istrument. ', . . _. ... .,
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<br />" � �•� 6. �yp�.�•p�'�,�.Grantor warrants that G�rantor is or will be IawfuUy seized of�t►e estate conveyed by this e,.:,,��. . , .
<br /> � •.•�A••�:
<br /> �� Security Instnunent�:��as the right to irreFo�l�lc grant,convey,and sell the Propem�to Truste�•:�trus� w�th _
<br /> power of sale.Grantar�o warranu that the Prc�ert_v is unencumbered,except for encumbrances of n:.c�:c�. ;:n�'`��-,b;G,.-=
<br /> '1 PRIOR SECURYTl'INTERESTS•V"ith regar�.a a�y other mortgage,deed of irust,securiry agreem��=�.other liea , 'r� � �,� a�"�
<br /> document�.at created a prior securize.�interest or en°umbrance on the Properry,Grantor aarees: ,,. . :. ,,.�t.�-
<br /> ; -r.�.;.x, . . � 3;
<br /> ' :,�, A. To nn�ce all paymenu«t�n @r�'e and to perform or con.r4'�vlith a1i covenants. . �r.
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<br /> :r;•,:t B. To rrs�m�tiy de'Ss'�er to i.,:•r•.��r�ny natices that Granter:aa�ves from the holder. ,�� ';., „�;:� �`'�u�'
<br /> C. Not t�:.�:�k aa�y n�•:aho�or extension of,nor to request a.�y f�atc:e advances under any note or agreeznent •y�r,:;••;.�:����;�•:
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<br /> � secL*�a 3;tF_i;�n d�c�.:.�eat without Lendei s prior writien consem� �y�t;.� , _
<br /> ��'' 8. CLALb���G�i�T�]�'i.�•C*ra7tor will a all taxes,assessments,Isens.ercumbra�ces,lease payments,ground �, _�
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<br /> '�''"•'�� rents,u�;ii:.s.and ovh�r charges relacmg to the Praperty when due.I.ender may�requise�rantor to provide to Lender �rfr�j';,;;.r� •�J :
<br /> ,� ,, . • pa.,
<br /> s�'���": copias of aI]r.otir.�s t t ca t s�s c h a m o u n t s a r e d u e an d t h e recei pu evidencing Grantor s r�rieni.Grantor will d�fend ,��J+� ;' � �
<br /> '�' <`r�' title to the Propes'tg•agaznst anY cSaems.hat would impair the lien of this Security Instrument Cn'antor agrees to assign ,r 4•� �
<br />�:;:�1��'iP,`'.:'��,. to Lend�r,as retZuested by Lender.anY ri34�is.cta::ns or defenses Grantor may have against parties who supply tabor f, � ;��_
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<br /> •���_ ..�;f,£ or matedals to maintain or imQrove the PropeRy. •- ;•,_�:.
<br />�:`�,:����; 9. DUL�OIoI§AI.E OR ENCUM���1viCE•Lender may,at its option,declare the entire balance of the Secured Debt to :�
<br /> .r���,..•nt,. <: ��;; .
<br /> ':..•J.�.: be immediately due and payable upon the creation of,or contract for the cceation of,any tien,encumbranse,transfer
<br /> � or sale of the Property.'f'his ri1;t►t is subject to the restrictions imposed by federal law(12 C.F.R.591),as applicable. ��� r .
<br /> • This covenant shaU run with the Property and shall remain in effect untd the Secured Debt is paid in full and tfiis :`.; �l.
<br /> _ Security Instrument is released.
<br /> � - - 10. PROP
<br /> ERTY CONDITION, AL'I'ERATIONS AND INSPECTION.Grantor will keep the Property in gaod -i{;:.:,
<br /> '�� f,.i.r,. .:
<br /> condition and make all repairs that are reasonably necessary. Grantor shall not cammii or alla�v any waste, ; 2:- --'�J°' "
<br /> . �. impairment,or deterioration of the Property. Grantor will keep the Property free of noxiaus�veeds and grasses. • :�'
<br /> � Grantar agrees that the nature of the occupancy nnd use�vill not substantially change without Lender's prior wntten 3:_-_
<br /> � cunsent.Grantor will nat permit any change in any license,restrictive covenant or easement without Lender s prior l� _
<br /> � written conscnt.Grantar will nutify Lertder af all demands,procx:cdin�,s,claims,and actions against Grantor,and ot f'
<br /> � •� any loss or dama�e to the Property. ���"�'� -
<br /> ' ' Lender or Lender's agents may,at Lender's option,enter the I'roperty at any reasonable timc for the purpose of --° -
<br /> � ° . inspecting the PropeRy.Lender shall give Grantor notice at the time of or before an inspection specifying a �,�_:�f�:-,—
<br /> rcasonable purpuse for the inspection. Any inspection of the Property shall be entirely far Lender's bene�t and _ __
<br /> ' Grantor will in no way rely on L.ender s inspection. _
<br /> ' il. AU'1'HORITY TO PERFORM.If Grantor fails to perform any duty or any of the wvenants contained in this
<br /> . Security Instrument,Lender may.w►thout notice,perfarm or cause them to be performed.Grantor appoinu Lender � .�
<br />� � as attomey in fact to sign Grantor's namc or pay any amount necessary for pedormance.Lender's right to pe�form for �i��
<br /> ° Grantor shap not create an obligation to perform.and i.ender s failure to perform will not preclude Lendcr from ,�,'
<br /> exercising any of Lender's ather rights under the law or this Security lnstrument.If any construction on the Property is —
<br /> ' � discontinued or not carried on in a reasonable manner,Lender may take all steps necessary��pTOtect Lender's �_�T�-�
<br /> � security'intcrest in the Property,ir.c�uding completion of the construction. -•�_
<br /> ' l2. ASSIGI�r':V1�NT OF LEASES A1�REN'fS•Grantor irrevocably grants,wnveys and sells to Trustee,in trust for ihe . .,��,:_•.,�:%°•`�
<br /> � benefit of Lxnder.as additional s:curity all the right,title and interest in and to any and all existing or future leases. _.,�w,��_:. , ,.
<br /> --�:�a�-.., .
<br /> �' subleases,and any o2Ezer written or verbal agreements for the use and occupancy of any portion of the Property, :.+:�,.,._,r.,,,,,: . .
<br /> ' �x�. ..
<br />' �",°`�� including any extensions,rerte�W!s,modifiqtions or substitutions of such agreements(all referred to as"Leases)and ;:,ti, ..
<br /> �''"� � rents.essues and profits(all refesrcd to as"Ren�S").Grantor wiU promptly provide Lender with true and correct
<br /> -�:..ty����n�.... �_
<br /> , eopies�4 all existing and tuture Leases.Grantor may collecl.neeive,enjoy and use the l@ents so long as Grantor is noi _ _
<br /> ' � in default under the terms of this Security Instrument. ��
<br />' , ' Grantor acknowledges that this assignment is pedected upan thc recording of this Deed of Trust and that Lender is -. ,;.;�rr^ _
<br />' � entitled to notify any of Grantor's tenants to make payment of Rents due or to bccome due to Lcnder.However. ;,....�.,,i.,..
<br /> Lender agrees that only on dcfault will Lendcr notify Grantor and Grantor s tenants and make demartd that all future .:._r,.y,��.__
<br /> Rents be paid direcUy to Lendcr. On receiving notice of dcfault.Grantor will endorse and deliver ta Lcnder any -_r--._
<br /> •-=�:��n=: : .
<br /> �• payment of Rents in Grantor's possession and will rcceive any Rents in trnst for L.ender and will rtot wmmingle the ' .�,,,,,.:.,,r.,.:
<br /> � Rents with any other funds. Any amvunts coliccted will be applied as pro�ided in this Security Instrument.Grantor �_,,• . `!
<br />� � � warrants that no d�Fault exists under the Lcases or any applicable IandlorcJtenant law.Grantar also agrees to maintain � .�,�,: —
<br />� � and require any t��a�st to comply with the terms of the Leases and applicaFsle law. �
<br /> �-,:.:;r 13, d�fiSL���s:��NDOR+�DNlUMS;PLAMNED UNIT DEVELOPNdEiVTS.Gr.rntor agrccs to comply with the �.
<br /> • pra:i�;c�s of any icase if this 5;.�+:�rity Instrument is on a leasehold.lf the Property ut�.hsdes a unit in a condomi.e:.:�n ..`,. --
<br /> ' . or a planned unit w�evelopment. Grantor will perform all of Grantor's duties L:�.d=r the covenants,by-1��>.or �.:{ �, ;�;�,�i,.�.. _
<br /> . regulations of the condominium or planned a�:a development. �'�• .' . . . .
<br /> ���.
<br /> ' 14. DEFAULT.Grantor will be in default if any party obligated on the Secured Debt fails to make payment when due. _
<br /> , Grantor wiil he in default if a breach accurs under the terms of this Security instrument or any other document . �
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