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<br /> B. All future advances from Lender to Grantor or other tuture onl�auons�t t,rantor to txnaer unaer any p�u�uia���J ,
<br /> note,contract,guaranty,or other evidence af debt executed by Grantor in favor of I.ene�er executed after this .. �'`�•
<br /> Security Insuument whether or not this Seeurity Instrumcat is specifically referenced lf more than onr person '.` • �r
<br /> signs this Security Instrument,eac�a Grantor agrees that this Secunty Instrument aill secure all future advances and , 's_—
<br /> future obligations that are given to or incurred by any one ur more Grantor,or any one or more Grantor a�d .
<br /> others.All tuture advanr.es and ath�r future oblEgaUons are secured by this Security Instrument even thougfi all or ;,-,. - ,. .
<br /> . part may not yet be advanced All future advances and other future obligations are secured as if made on the date � . • , _-
<br /> of this Security Instrument.Nothing in this Security Ynstrument shall cor.stitute a commitmrnt to make addiuonal �' •_ , :,` . , -..
<br /> -- or future loans or advances in any amount.Any such commitment must be agreed to in a separate�vriting. _: z___�__, .1_'.:_
<br /> . �
<br /> C. AU obligations Grantor owes to Lender,which may later arise.to the extent not prohibited by law,including,but : ,
<br /> not limited to.6abilities for averdrafts retating to any deposit account agreement between Grantor and Lender. �` � ` . -.
<br /> D. All additianal sums advanced and expenses incurred by Lender for inswing,preserving or otherwise protecting � �- �--
<br /> � 242�Property and its value and any other sums advanced and expenses incurred by Lender under the terms of .. : ..��__
<br /> this Security Instrument. J' •'� � ' .` �
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<br /> This S�.vrity Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission. � _ ^_.�,c��� _
<br /> 5. PA�'.a4fEl�TTS.Grantor agsees that all payments under the Secured Debt will be paid when due and in accordance _
<br /> "�?;..::i.�rs
<br /> with t�:ternu of the Secured Debt and this Security In�trument. �-: �-p°—""=�`==
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<br /> . 6, �yARRA1V'('Y OF Tfl'LE.Grantor warrants that Grantor is or wiU be lawfully seized of the estate conveyed by this ��,��
<br /> - ' Security Instrumeni and has the right io irrevocably gant,wnvey,and sell the Property to Trustee,in trust,with ����� °`
<br /> .,. _ ' -- " _
<br /> power of sale.Grantor also warrantsthat the Property is unencumbered,except for encumbrances of record. , '�Y.�°"_�.`"�`-
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<br /> � � �, pRI�gP SECURpTy iM'ERESTS.With regard to any otfxer mortgage,deed of trust,s�curit}agreement or other lien _ '_
<br /> '� document that created a prior security interest ar encumbr�ec�on the Property,Grantor agrzes: . .•
<br /> �•, :--i;;s:,
<br /> A. To make all payments when due and to perform or co�,p��'with a11 covenants. �:. _
<br /> B. To prompUy delicer to Lender any notices that Grantor receives fsom the holder. .� '��`
<br /> .,s.,,.
<br /> C. Not to ailow any modification or extension of,nor to request ar.y future advances under any note or agreement l .
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<br /> ,t � secured by the lien documentwithout Lender's prior written consent �`� = -
<br /> `'� � g, CI,AIlVdS AGAIlVST TfI'LE.Gr^�.ntor will pay all taxes,assessments,liens,encwnbrances,lease payments,gmund ��4 ��.
<br /> =�'��«'� rents,utilities,and other charges rel�ting to the Property when due.Lender rsay require Grantor to provide to Lender ....,u ' �---
<br /> a��;.:. . �.!« -
<br /> ,. ' copies of all notices chat such amounts are due and the receipts evidenci�g Grantor s paymen�Grantor wil!defend {;�, ... '��t, i��
<br /> ' utle to We Property against any claims that would impair the lien of this 5e�l.rity Instrument.Grantor agrees to assign 'i�.n;.•.T�-d r�;,;.�_.,,•...
<br /> ' to I.ender,as requested by Lender,any rights,claims or defenses Grantor may have against parties who supply labor . •_j.,.�: � '•�..° -.���
<br /> or materials to maintain or improve the Property. �� '`
<br /> `' �!-�. .. ' ,.�_
<br /> - 9 DiJ�QDV SALE OIIt ENClJD1BRANCE.Lender may,at is aa7ion,declare the enUre balance of the Secured Debt to ; -
<br /> be imm�ediately d�tae and payable upon the creation of,or contract for t9ie creauon of,any lien,encumbranee,trans�er �� -�:'..; ��,•�� _
<br /> • or sale of the Prop�'.This right is subject to the restrictions impased by federal laa(12 C.F.R 591),as applicab[e.
<br /> 'I'hic covenant sha;,run with the Property and shall remain ia effect until the Seeured Debt is paid 'an fuli and this � :�,� , �.1,�
<br /> � -� Securitiy Instrument is released `; . , ,��� • --
<br /> . � : �'�
<br /> 10. PRO�s�.RTY COhiDITIdN,ALTERATION3 AND INSPECI70N.Grantor wil! keep the Property in g�
<br /> � conditioa and make all repairs ihat are reasonably necessary.Carantor sha11 not commit or allow any w�.�te, `F �..,
<br /> ' or will kee the Pro ert frce of noxious�veeds and grasses. . :�.;,s.___
<br /> impairment,or deterioration af the Property. Grant p p Y
<br /> .��__ .
<br /> Grantor agrees that the nature ot the occupaney and use wili nvi�ub�ia�itiatiy chaage u-iihavi I.:,:d.:s priar uriiten -
<br /> consent Grantor will not permit any change in any license,restrictive wvenant or easement withase 9_.ender's prior ' �:;:�'---a,
<br /> ' �+' written consent.Grantor wiU notify Lender of all demands,proceedings,claims,and actions against Grantos,�d of � •..��
<br /> •. , any loss or damage to the Propercy. � '"'�''�_
<br /> •.:�.�a�c�� ��-—
<br /> ' • •- , Lender or Lendei s agents may. at Lender's option,eater the Property at any reasonable time for the pur�.r��e of - _•�.
<br /> • inspecting the Pra��°rcy. Lender shall give Grantor notice at the time of or before an ins ection s ecif 'n a • �'^� -°-"
<br /> P P Y� g . �:_;
<br /> ' . • reasonab2e purpose for the inspection.Any inspection of lhe Property shall be entireiy for Lender's benefit and �. ��+'•- _� :
<br /> �_.-.Y:'" - •
<br /> • � Grantor a+ill in no way rely on Lende�"s inspection. _ �•��'�� •
<br /> 1L AUTHORITY 7'U PERFORM.If Grantor fails to perform any duty or an�of the covenants contained in this •, _��,-
<br /> • Security Instrument,Lender may,without notice,perform or cause them to be performed.Grantor appoints Lender � '
<br /> � as attomey in fact to sign Grantor s name or pay any amount necessary for performance.l.ender s right to perform for - ������`�:`. �,
<br /> �, Grantor sha11 not create an obligation to pedorm, and Lender's failure to perform will not preclude Lender from : »-+••�;^ •
<br /> exercising any of Lender's other rights under the law ar this Sectmty Instrument.If any construction on the Property is _ �
<br /> � ;r��t�,, discontinued or not carried on in a rcasonable manner, Lender may take all steps necessary to protect Lei1��r's ' � ' `� � '�
<br /> . �� securit interest in the Pro ert .includin wm letion of the construction. �''��
<br /> Y F Y g P .ria�rf_..��.���:
<br /> • 1Z. ,�SSIGNMENT OF LEASFS AND RENTS.Grantor irrevocably graats,conveys and sells to Tnutee,in trust fcr the _�
<br /> ' � benefit of Lender,as additional security all the right,title and interest in and to any and all exisiing or future leases, e•-�*�-=��_-•-
<br /> �' subleases, and any ather written or verbal agreements for the usc and occupanry of any portion of the Property. = _
<br /> :;;�;.'�� inetuding any extensions,renewals,modifications or substitutions of such agreements(all re[ened to as"Leases")and =•---_�
<br /> 'y��`'�' rents, issues and profits(aU refened to as••Renu").Grantor will promptiy provi de L en der with trae and corcect ��-�;�;. .
<br /> ..,..i`,..`., -
<br /> � copies of atl emsting and future Leases.Grantor may colle��.receive,enjoy and use the Renu so long as Grantor is not ����-t,o,�,g,�s,.�,�
<br /> ; . in default under the terms af this Security Instrument. "� `T�''""�`"� —_.-
<br /> '� ',` Grantor acknowtedges that this assig�ment Es�erfected upon the recording of this Deed of Trust and that Lender is ' .• •'� �` �' .�
<br /> , entitled to notify any of Grantor's tenants to make paycnent of Rents due or to become due to Lxnder. However, '*:.'�u•-�i -_..
<br /> '.% .f' L.ender agrees that only an defautt will Lender notify Grantor and Grantor's tenants and make demand ihat all future _�^.=•�•:r-�---- __
<br /> "� Rents be paid directly to LeRCtez.On receiving notice of default,Grantor will endorse and deliver to lw:nder any -�• "��. .
<br /> • payment oi Rents in Grantor's possession and will receive any Rents in trust for Lender and wil!not commingle the �''''�`'''�.'.° "' -
<br /> � � Rents�vith any other funds.Any amounts collected will be applicd as provided in this Security Instrument. Grantor �
<br /> • warrants that no default exists under thc I.cases or any applicable landlord/tenant law.Grantor also agrces to maintain 'r � . 3.�::::; �
<br /> � and require any tenant to comply�vith the terms of the Leases and appticable law. " • • .
<br /> 13. LEASEHOLDS;CONDOMINiUMS:PLANNED UNIT DEdELOPMENTS.Grantor agrc��c to comply with the � . :-':`:
<br /> provisions of any lease if this Security instrument is on a IeaseholJ. If the Propc�rty includrs a unit in a condominium - • ' � �_
<br /> or a planned unit development.Grantor will perform all of Grantor's duties under Ihc cuvenants,by-laws,or • �'�
<br /> � regulations of the condominium or planned unit development. , �"
<br /> � ' 14. DEFAULT.Grantor�vill he in default if any party obligated on thc Secured Dcbt fails to make payment when due. �. � .
<br /> Grantor will be in default if a l�reach occurs under the terms of this S�curity lnstrumen� ur any other document • z'�
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