|
' ' . q., .:i:�. _ ' . . � . . . . . . _ . .. . � '
<br /> S�_ � ' �'z�.:i�._�_ - � �_�..�_.�.__��._ _�.v....—.�.�._ _.�s�.�._—----- - t.,...._.•.:.:_..__.,._.�� . �i - r�� -
<br /> ,_f'� � —._ -
<br /> .,�� .`. `
<br /> . g�-� ���46� �� ; � ,. ��� .
<br /> B.A!I future ndvunccs from 8ersficiary to Trustor or othcr futvre obligations of Trustor to Beneficiuty under any -�—��-• '—._
<br /> , � promissory nate,conuact.gusranty.or other evidence of debt executed by Tcustor ir►favor of Benefccinry executed , , �
<br /> after this Security tnstrutnent wttether or not this Security Instn�metst is spec�fically referenred. If more Wan one _
<br /> `,� prrson slgns this Scrurity.Instruntent, eaeh Ttustar a�ro.s that this Security Wsuument wiU secure a!1 futnre . � ,
<br /> advanr,es aad future aDligauons that am Biven to or iacurred by any one or mom Trustor,or any one or mom'I'nistor . .
<br /> ' � aztd othecs. A!1 future advances and other future obligatiot�are secwed by this Security[nstn�ment even thovg6 al! .' ." � ..
<br /> or part may noi yet bs advanced. All futt.re advances and other fitture obbgations are secured as if made on the date
<br /> � :'� of this Security Instruiaeat.Notding in this Securiry Instrumeat shall coastitute a commitment to make additional or t �. ,
<br /> _ future loans or advances in any amoiant.Any such commiunent must be a g r e e d to in a separate wriang. 1
<br /> -��i C.All obligauons Trustor owes ta Beneficiary, which may later arise, to t he extcnc not pro hi bi t e d by l a w, i n c l u d i n g, _ , � .
<br /> but not I�ted to, liabilides for overdrafts relati�g to any deposit accouat agreemenc between Tmstor aad -
<br /> -� Benefittiary. ,. , .
<br /> D.All addirional sums advanced and expenses incurred by Beneficiary for insuring,preserving or otherwise protecting • .
<br /> '. the Property aad its value and any otfier sums advanced aad eapenses inc�rred by Beneflciary under the terms of WLS � . _ �
<br /> Secutity Insmiment. .<
<br /> ,. .. . . .... �:K2.tf
<br /> 'fhis Se�curity Instiument aill not secace aay other debt if Beneficiary fails to give any required norice of the right of . - '.�.�;
<br /> ' rescission. - --���==f��-.
<br /> . '.�':• S. PAYIV�NTS.Trustor agrees that all pay oader the Secured Debt will be paid when due and in accordance with the �` '�.-. ..
<br /> '���' terms of the Se�,�Debt and this Securlty II�Instrumerrt. �:.��`- `' -
<br /> r.�:.�;.
<br /> � 6. WARRAIVTY OF TITLE. Trusror warrants that Tntstor ia or�nU be lawf►illy seized of the eszzte conveyed by this • �:,��.�..�:
<br /> , •`? Security Instrument and has the rtght w irr�.wacably graut,convey,and sell the Prop�rty co Tnute�.in tnist,with�uwer of ;:°� .�.
<br /> `� ;Y saie.Trustor also wazrants that the Property is unenwmbered.excePi for eneumbrancas of record. : ,
<br /> .} 7. PRYOR SECURITY INTEItESt'S. With regard w aay other mortgage. dee�of au�t-� �uriry agreemeac or o ruer lien , �,�f �'��
<br /> •:.:: ' docnment that creatal a prior seauity interest or encambrance on theProperty,Tr+�s*.����s: � '4�''<�"j �• •
<br /> A.To make all paymeuts when drte and to perform or comply with aU oov�nanannts. ....�,s�'_ .�`'•::x.
<br /> B.To pmm�fly deliver to Beneficiary any aotices that Tn�stor receives fm:�the h�'�er. _. _ :���..
<br /> :'.:• ET ,e' .
<br /> ��•' C.Not to allaw any modifrc�tion or extension of, nor to request�y iuture a�-�xs under any note or�ent : -�_�;�'
<br />���`�� seaued by the lien docnment without Beneficiary's prlor wnuen consent. ,�,_,; .
<br /> ,� '�"•�__`
<br /> -c v. ''' � � `;3'� .
<br /> • -„', $. CI.AiM�AGAINST TITLE.'trastot will pay all taxes,assessments,liens,encumbr-�:ce.s,lease payments,gro'�8�nts, .
<br /> ''�'�•'; nttlities.and other charges relatiag to the gcop�ty when due. Benefciary may rec���ire Tmstor to provide to B��nciary ,��:,:s:�.....'� .' . ",;.-.
<br /> ?'�• copies of all natices that sach amounts are dne-and rhe receipts evide�rear�Tn�stor s payment.Tn�stor will defe�8 title to i ° ti �� r• :
<br /> ,;., ttte Property against any claims that would imaaic tl'� ��-'en of this ��iey I��nt. Trustor agees to ��n w ��,f,F� � ,�
<br /> Beuefciary,as requesiea bp BeneHc�ary.ac►y rights,cl�cr��defenses T:�.�:C�may I_*...-,-.�:3gainst p2rties who s'.a�l�.ahor � � �;t,,... ..,;;
<br /> ., � or materials to mamtam or improve dQe Fc�ag�aty. .�V't��,' `r�f�fF�:�s�:�-
<br /> -;.;� •� i< .>.,���._��
<br /> =e�;�:t�...,<.
<br /> 9. DUE ON SALE OR ENCIJIVI�3�At�iC�.n�eneficiary may,at its opuoa,dxlaz+e the eLnre balance of the Secure�i3ebt w �,s-...��s�;:'-
<br /> , be immediatety due and payable upon.the c_�eation of, or conuact for the cnation of, any lien, encumbrance,transfer or '�'•`-•
<br /> � �� sale of the Property.T'h�s np�t is subject to the restrictions imposed by federal law(12 C.F.R. 591), as applicable.'Ibis a'
<br /> • covenant shall run with the�roperty and shall remain in effect until the Secured Debt is paid in fiill aad this Security �.,� '`
<br /> ` Instrumeat is released. ..�:�. ..' ,eA
<br /> 10. PROPEATY CONDITION, ALTERATIONS AND INSPEG7TON. Tnutor will keep the Pcoperty in good conditlon ;�-!•;
<br /> s�nd make a11 airs that are reasonab�iy necessary. Tn�stor shaU aot com�it or allow any �vaste, �mpairment, or � :.°:a� �,
<br /> deterioration of�e Property. Trustor will keep the Property free of nouous wexds and grasses.Truswr agrees ihat the = . � "`%: :r`y1.
<br /> . nature of the occupancy-and use will not eubstantially change without Beneflciary s prIor written consent.Tn�stor will not �,�,
<br />• • pennit any chaage in any license,restri�tive cavenant or easanent withput Beneficiary's prIor written consent.Tn�sior av�l r�,•; � �
<br /> � notify Beaeficiary of all deraauds, Proceedings, clalms. aad actions against Trustor. aad of any loss or damage to the ----- -�._
<br /> Fi�"��:,.
<br /> � Pcoperty. L a�_.. ,
<br /> � Benefici or BeaeRcIary's a ents ma at Benefrciary's o tion,enter the Pro at an reasonable time for the se �'���'��''��
<br /> ary g Y. P P�Y Y ��P° _�=•.�L�..=
<br /> of iaspect3ng the Fmperty. Beneficiar}+ sha11 give nutor notIce at the dme of or before an inspection spec fying a =
<br /> T , ��_.::-.>
<br />' reasoaable pu�pose for the ins�actioa. Any Inspectton of the Property shall be entirely for Bene�iciary s 6enefit and _�.,�
<br /> Trustor arilI ia no way rely on Beneficiary's inspection. _
<br /> 11. AvTSORITY TO PERFORM.If Tnutor fails to perfoim any duty or any of the wvenants contained in thie Sec�rity __ __-_
<br /> Inshument. Beneficiary may, without notice, perfo�or cause thew to be performed. 1Yustor a�points Beneficiary as - --;�--
<br /> aitorney in fact w aign Tmswr's name or pay any amount necessary for perFormance.Beneficiary s rigpt to perform for -- -•T�-
<br /> - Tnutor shall noi create an obligation to�orm,and Beneficiary's failure to perform will not preclude Beneficiary from `�`'�i
<br /> e x e r c i s i np a ny o f B e n e fi c i a ry's othes ri g fi u under the law or this Seauri ty Insuument.If an y wasuuction oa the Pro p e rt}r �`'�`�_,
<br /> • is dlsconanued or not caaied m�in a reasonable manaer,Beneficiary may take all steps nece,ssary to protect Benefictary s �J='r"�"�'�'�_�
<br />. � securiry interest in the Property,including completion of the constmction. ''�? ����
<br /> �`�;_", _ - -
<br /> IZ. ASSiGNMENT OF LEASES AND RENTS. Tnutor irrevocably grants. conveys and sells to Tmstee. in uust for the
<br />
|