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<br /> B. All future advances fmm Lender to Grantor or other tuture obligauom oi Granwr�o I.ander unJer uny pruniiatiury ,�• � ,-------- _�
<br />` • note,conuact.guaranty,or other evidence af debt exee�sted by Grantor in favor of Lxnd�rexecuted after this � ,t• :• -` -^" .,a__
<br /> • Security tnstnunent whether or not this S�curity Instrtfinent is speciCcally referenced. If rrzorc than one persan . . •:,N+�_�
<br /> signs ihis Sccurity Instnunent,each Grantor agrees chat thi�Security Instrument a�U secure al1 tutu�+e advances and , �
<br />' ' futwe obGgations that are given tu or incurred by any one or mose Grantor,or any o6e or mose Grantor and __
<br /> othecs.All f+sture advances and other future obligations are secw�d by this Sccurity Instrument even though all or ,
<br /> ' part may not yet be advanced All future advances and other futwe obligations are secwed as it made on the date • , � •
<br /> :�; of this Secwity Insmiment Nothing in this Securiry[nstrument shall consptute a commitment tu make additional . `. _ ' .
<br /> _ or future loarts or advances in any amounG Any such commitment�ust be agreed to in a separate wripng. __ ._
<br /> � : C. All obligations Grantor owes to Lender,wfiich may later arise.to the extent not prohibited by law,iac lu ding,but
<br /> ' not limited to,liabilities for overdrafts relating to any deposit accaunt agreement between Grantor and Lender. �- : --- - �__.
<br /> � D. All additional sums advanced and expenses incarred by Lender for insuring,preserving or otherwise protecting '. � ' `
<br /> the Property and its value aud any other sums advanced and expe2ses incurred by Leader under the tero�s of ��.., ,_,� �;:w�.��'.°_
<br />. � , this Security Instrument , ;��:.�r"`"°""��
<br /> � This Security Insuument will not secure any other debt if Lender fails to give any required aotice of the right of rescission. �':�_•;
<br /> • � 5. PAYMENTS.Grantor agrees Wat all payments under the�ecured De6t will be paid when due and in accordaace �• �-. :,yr�.�.�f��_-.
<br /> `, with the terms of the Secured Debt and this Security Instrument ; '",�y "°~ .
<br /> �- 6. WARItANTY OF T['i'[.&Grantar�varrants that Grantor is or will be lawfully seized of the estate conveyed by this �. "f f�����,�����". ;:�.•:
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<br /> Security Instnuctent and has the right to irrevocably gFant,convey,and sell the Property to Trustee,ia uust, with `:j���y,�,;.±�-��r, �i _ _
<br />,� ' power of sale.Grantor aiso wamdnts that the Property is unensumbered,except for encumbrances of rewrd. �;,;;�:�5� ,. �'"F-� ; ..,�,�•..
<br /> � 7. PRIOIIt SECIJRITY iNa'EL�E�TS•�'V�th regazd to any other mortgage,deed of tntst,security agree►rtent or other lien ���S"��'m"'�°`s—
<br /> dacument that created a prior securitg�terest or encumbrance on the Property.Grantor agrees: '•-� _-��___--.
<br /> • A. To make all payments when d¢e and to perform ar compty with all covenants. ,..� "� �`"=�
<br /> '..:" B. To promptiy deUver to Lender any norices th2t GrantoT receives from the holder. ��j:�_'•"`"" �'�"
<br /> C. Nat to allow any modification or extension�fE,aor to request aay future advances under aaiy note or agreement � � . ,
<br /> ' ' secured by the Gen document without L.ender's prior written consent. �•-��°��_,�
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<br /> ' ' � 8. CLAIMS AGAINST TQTLE.Grancar will pay all taxes,asses.�menu, liens.eneumbraucc.-�.Lease pay�ents,ground - - " a ,.
<br /> . , rents,uu7ities,and ottter charges rel�.t=ag to the Property when cEvg.I.ender may require Gr-antos to provide to Lender _
<br /> � copies of all notices that such amounts are due and the receipts evider�cing Grantor s payment_ Grasrter w�71 defend "'" :
<br /> tiue to Ehe Property agaic._�*any claims that would impair the lien of this Security Instrumen�Grantor�,ees to assiga �� " �'
<br /> � �-�rarties wtto s labor ;Y�` —
<br /> " to I.ender,as requested b�Lender,any rights,claims or defenses Grantor eaa�bave again� upply ;, __
<br /> or materia�s to maintain or improve�^.e Property. � -.�
<br /> 9 DUE ON SALE OR ENCUMBI�'ti�E.Lender may,at its apt����,declare ti►e entire bai_.»of the Secured Debt to ��'°�� !'����
<br /> � <<: �� �
<br />' �� �; be immediately due and payable��the creation of,or contr-,��'�r the creatian of,any tiea,encum6raace,uansfer ��,n:�.�..�
<br /> or sale of the Property.This rig6t is suhject to the restrictions ir:posed by federal law(12 C.F.R.591)..a? applicable. r _.
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<br /> This covenant shall run���i*.h the Praperty and shail remain in effect until the Secured Debt is paid �s f��l and this � � ' ' •.�e� ,
<br /> � Security Irs��rument is-�a�sed. _ `
<br /> ' � 10. PROPEL�'CO1�T��ti aN,ALTERATIONS AND INSP�("i'TION.Grantor will keep the Proper.ty in gora3: `'. 'r' � � •'�. ,��.
<br /> ' • condition and make Wt:repairs that are reasonably necessary. Grantor shall not commit or ailow any wa�ce., - _ '�t� � �'��
<br /> " � impairment,or deter��~=tion of the Property. Grantor will keep the Property free of noxious weeds and grasst�s. •���
<br /> ` � Grantor agrees that:h�-e-ature of the accupancy and use will not substantially change without Lender's�rior wrnten : f�
<br /> • ' `:�,;:. consent.Grantor will n�t permR any change in any license, restrictive wvenant or easement without Lender's prior � •-
<br /> .�,`� mi tte n c o n s e n t.G r a n t o r w i l l n o t i f y L e n d e r of all demands,proceedin g s,claims.and acrions against Grantor,and vf: '�F��' •'`�::�
<br /> ". any toss or damage to the Property. '�•'.:`-�` - ..' :-.
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<br /> Lender or Lender's agents may,at I.,ender's option,enter the Property at any reasonable time for the purpose oi "���„.. •���.
<br /> . inspecting the Property. Lender shall give Grantor notice at the time of or before an inspectioa s�ecifying a ----,
<br /> � • reasonable purpose fa�Lhe inspection.Any inspection of the Property shaU be entirely for H.eadecs��eaefit and -
<br /> � ' . Grantor will in no wav r•::.y on Lender's inspection. t —
<br /> � "' 11. AUTHOtt1TY TO 8��ifi�'ORI�.df Grantor fails to perform any duty or any of the covenants contained in t[us �:.T�l_:_. �'�
<br /> � � Security Instrument.�:.::�3er may.�•��out notice,perform or ca�:se them to be pedormed.Grantor appoints Lender �* ;:�:`-_"=_-----
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<br /> as attomey in fact to�irx Grantor's name or pay any amount necessary for performance.Lender's right to perform for ,;�; �-
<br /> � . Grantor shall not cre_cE an obligation to perform,and Lender's failure tQ��::form will not preclude Lender from , . �'����
<br /> . exercising any of L.c�n�t:r s other rights under the la�v or this Security Instrur.=�i.If any wnstruction on the Property is "������
<br /> . . �f�� discontin�.+:�or ne2 r;a:ried on in a reasonable manner,I.ender may take all steps r.�.��sary to pxotect Lender's —
<br /> ;;;w security i.:*�:�rest in cita Properey.including oompletion of the eonswction. _ .. �-�
<br /> ' ' 32. ASSIGMVIEN'Q'�C��ASES AND R�1�PI'S.Grantor inevocably granu,conveys and sells to Trustee,in trust for the —
<br /> � � benefit of Lender,:� �f:�irional security all the right,title and interest in and to any and all existing er future leases, _ _ • --
<br /> ' , subleases,and any e:�er written or verbal agreements for thc use and oceupancy of any portion a:u'�c Property. - _
<br /> � ` including any extensians,renewals,modi6cations or substiwticr,s of such agreemcnts(all referred to a�'[_.eases")and ��
<br /> �:•�Y�y��, rents,is�ii�s and profits(all refened to as "Rents'). Granta�-u..:t promptly provide Le^..er with t�:� and corrca ..�;=
<br /> �%�:�r copies es����existing and future Leases.Grantor may collect,ree,�sve,enjoy and use the R�s so lang as Grantor is r�.c '"^• •� -�;._._
<br /> ' ` ��`� in default under the rxrr.ss of this Security Mstrument. ��:.
<br />' ' Grantor acknowle��:�.E�'.�at this assignment is pedected upon ihe rewrdirt::x��`this Deed of Trust and that Lender is -. : : ::,i�Y�;�
<br /> . ����;.�� entitled to notify ar.z•�f Grantor's tenants to make payment ot Rents d�i_��*to becor-:e due to Lc:ndcr. However. -;;i�,�;.,,:'';�{����y;�;�
<br /> . Lender agrees that only on default will Lender notify Grantor 2•r.d Grantor's tenants an��rt�ake demarnd that all future ;,;,�;,,�,��,��;��;�,�,»,�
<br /> � Rents be paid directly to L.ender.On receiving notice of defaalt.Grantor will ende•r_:: :i:^d deliver to Lender any �.�.,,�,;: •:•.��;�y���� �-
<br /> .. payment of Rents in Grantor's possession and will receive any Rents in trust far Ler.��:;�ani will not mmmingle the . , ..'`°t.:..,-,
<br /> Rents with any other funds. Any amounts colle�?ed will be applied as provided i�this Szccrity Inst�;ment.Grantor �;,,,.;.; • .'.,..:`.,� ' .�
<br /> � � warrants that no default exists under the Lc:ase:s or any applicable landlord�tcnant law.Cr�ntor alm a���.°ces to maintain �;•�:�'?; : . . � .
<br /> and require any tenant to comply with the terms of the Leases and applicab:e law. � ; ;,.,g,,.
<br /> � 13. LEASC�IOLDS;COta1DOMIN1Y1M1S;PLANNED UNIT DEdELOP1VQEM'S. Grantcr agrees to comply with the ' • � ;';;�;;,:_ ��_-:
<br /> provisions of any lease if this Security Instrument is on a leasehold.lf thc Property includes a unit in a condominium :- • •'^�f��: -�
<br /> ' or a planned unit development.Grantor will perform aU of Grantor's duties under the covenants, by-laws,or , . __
<br />� regufations of the condominium or planned unit development. ' . .
<br /> 14. DEFAULT.Grantor will be in default if any party obLgated on the Secured Debt fails to matce Paymenl wfcn due. � •,. • �--
<br /> Grantor will he in default it a breach occurs under the terms of this Security Instrument or any other document . . ;. �
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<br />. � � �19976s�.kersSystems.Ine.S�GaA.MN 1�80P347�7.11at�iortnRE�DT.NE B19194 � � �
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