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<br />-_--� 3. /Ct!:a�uc zdc�es from Le!!dc�rn(iranmr nr�rher fimcre ohlir:atinnc of Granmr t�Leodtr ttr.der an7r Dromtuoty �___— , �-�
<br /> • nnte,wmrect,guarenry,or other ev�eeoe of dWt executed Iry Granmr in favor of Lender execuad after thss , ,
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<br /> gceuriry Inmument whether or not this Securiry Insuumwt is spec'�ficalt}+refxrenced. If raore taan oce person •
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<br /> ' signs th�s Sanrity Inswment.eac6 Grantor agtees tvt this Security Insbvment nrill securc all fi.�n advances and . . ; ---
<br /> fudue obtigadoas that aie given to or iacurred by aay oae nr m.nre GRamr,or any on:or mocr Gnrmr and . •
<br /> • athers. All futuro aAvantts and aiher fuNte oAligatioav aze secustid by this Seeurity Inswmens evea dtough all ar , _
<br /> part may uot yu be advanced. /UI futuie advastces and other funue obli�ations axe sewsed as if made on rhe date ', ` . '. ---
<br /> ' : � of this Seariry Insaument. IJathing in this Seeunty Tnswment sh311 constimte a eomnutm.rnc to make udd�tional �
<br /> or fuuue Mu�s or adv�tees�n any amount. My such wmmitrttent must 6e agreed ro m a separate wnring.
<br /> 3 C. All obligadons Oranmt owes cn Leiuier,which tn�y�ster anse,to the exten[no:prohibited by iaw.mcluding.trut . s
<br /> � aot Iimi�d ro.liabilittn for averdrafLS retatins w any deposit eceount agceemmt between(]rnnmr ead Lender. :�'- '-,--��-`, . -�.
<br /> � D. AH additional s�ns aGvaaced and expenses incursed Ey Leader for uuuring.pcese*vmg or mherwise prot:cting ,
<br /> , th�pmyprtyr artd its v a f ue a n 1 any other sums advanced and e x p eoses iacurred by Lta�er under[he amu of .
<br /> tAia Sxuriry[nswmsac ' ' ,�•. _
<br /> 7�1s Secutiry Iasttutnent aill nnt secute anyr o�ser deDt if Lender fils m give aay cequired eotice of t�e right of te-�cissioa. 4.. < _: ;.., .: ,
<br /> ' S. PAYMENNTS. aranmr agreee that elt payme�nr.�er the Seaued Debt anU Ae paid when due ard ia accoedaace .,'�j;�:f.7'u:,; ,.
<br /> . i whb�Ae teaas a!the Secured Debt and this Securiry Insu�rmenL ; �,. /
<br /> .,..r_...�ti;�5.�}?.iir�'�Y
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<br /> `f 6. �1IARRANPY OF TITLE. (iraaior warrants that Gnmor is or v+ill be IawfiiUy stized of the esmte eoaveyed Ay this r..;+�:�;� i
<br /> . Securiry Inswment and has ttte riglu tu irrevaably graru.convey.aad seU the Property to Tnu'�ee.in mist.wit6 .,•°�.�r:�.,�.-_,—
<br /> power af sala (3isumr also wartan[s that the Pmperty is unencum6ered.except for er.cumbruces of rccoxd. � �._`+.-„-. :--
<br /> 7. PRIOR SECLTRIT1t II�1'1'ERES'd'S• �tb�gard�°a°Y°��DrtSaSe•deed of uust,security agreement or other Gen , , .;�"""'° ,-=
<br /> • doeament that creaud a prior searitY interest or encumbrance oa t�e Pnperry.Gtanror agrecs: �r,�iJ.""---.�r�
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<br /> � A. To maYe aU paymeos when due and m perform or compty vn�ai!wve�. � --"
<br /> ' B. To pmmQtly deliver tn Lender any aorices d�at Granwr reaives from dxe�older. .�;���
<br /> C. Not rn allow any modifisxrion or exwcsiun of,nor w request any fuuue adY+neec undeT anY note or agreemect -�_ -
<br /> � sxured by the lirn doaimeat without l.emier's prior written consent ',�:u�-
<br /> 8. CLAIMS AGAINST 1TTb'L�. Granmrwll paY ari taxes.�«�„�^ea,liens.eawmbtareces.tea�e PaYmenb.8�� = _<�; �::
<br /> . eee�,un']ifles.and ot6sr chasges�elatmg m the Pcoperty when due. Lender may cequue Granror to p[a•zde to Lender .- -- 7i``�
<br /> . oe��of all aotices that such amoffi"s aae dne and the ieeeipts evidensing Gwunr's payment Grazmr wi!!defead ,.-t r�. _
<br /> , e'�:ro the P[op�rty agaius[eay cla�s tbat would imptit thc litu of this SeQUiry in�m.�rent Granmr agsees w assiga . - �'- _ _
<br /> m I.eader.as mq�s�by I.endet,anY riBhis,claims or defease.s Grdator may have a.3ac�st patties w6o supply labor '. , r ..�.,P°`t
<br /> � ez aateri�ls w maintain ar�rove the Ptoperty. y„ ..�' e
<br /> ..- 9. IDtiEi ON SAI.E OR ENCUMBRANCE. Lender maY.at is opdon,ded�e rhe ecuire balancs oi the Sec�urzd DxCt m , .,k.: .
<br /> ' Sz immediately due aod payable upan the c�eation of,or eontcact foc t�.`P.creadon of,azry lien,eaa�braace,t�ansfer
<br /> � �:-sate of the Propeny. T6is rig,h[is subjat[o the iesn'icdons u�os�.!hy federat taw(12 C.F.R.591).as applicable. -;
<br /> .. Thi.g coveuant shall ian wit6 the Property&nd shall m.su:n in effect until the Seatred l�t is paId zn full aad�his - �� '. � ::.
<br /> Secutiry Inswment ia celeued. , �"_
<br /> ' 10. PROPERTY CONDTITON,ALTERA'Y'Y'm�S AND YPTS'BECTIOPT. cirantor vn�]Iccag�e Peoperty m good _ :
<br /> . � condition and mako aU mpairs tLut aze�easoaably necusary. Gtac�:shaU not commit or allow asf ua�. . L;':�::�'_
<br /> t•:
<br /> impairmenG or deterioradon of the Property. Graator will keep�Ti'rs-,,ertY free af aoxious vrced:�gractes. � •,d�� � _
<br /> Gtanror agees dwt tde nasuse of che accupancy and use wiU not ss3saa�:�y change widwut Lccde�s prior wriaen : �,, ':il -� _�
<br /> coacent. Gsamar an71 not petmic any change in a�r ticease.eemicwe carz^�..�-z a eye�enc wit�am Lenders prior �T b� '' �
<br /> - writxa coasenr. Grrntor will notify Leader of all dcmaads.Proceedings.c1s=s.�tl a�ons ag�inst Utanmr.and of ��•. ;��.
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<br /> any losa or damage to the Pmpetty. 4�'� �._
<br /> Leqder or Lender's agents way,az 1.ender's op6on,enter tbe Rupe.ry. a:anyr ceasonabte time[or[:x�aspose of �
<br /> L qd
<br /> '('' mspccting the Property. Lead:r shall give G�anwr nodse at the t�s cF or befose an msQection sFec:'�r�g a ,
<br /> nasonable�ryose for the in�yecdon. Any Inspecrian of the YivFzrry shall 6e entinly for I.ender's beeefit and �:",., • __ -V
<br /> � (3rantor wiU m nn way rety oa Lasder's Iaspecaaa ,-�-=_
<br /> � 11. AUTHOItIT�TO PERTORM. If Os�a�r fws m perform snyr duty or a...^y of the covoaants contalned in th:� - _- = --
<br /> ' Secudry Iastumen�I.eader may.withoat uo6ce.prrform or cause them to 6e pe�:�rmrd. (irantor appointv Leader "�'-'-'
<br /> as auomey in fact w slgn Granror's name of pay any amouat nece�.'Y for perfor�ce. Leader s aght tn pedorm for ��� '—
<br /> j Gtanwr aba11 not cceat�an obNgatica m perform,a�i.endefs Eaz.3:s r�pufortn wat r.ot pmh�I,cnder from `,,�±,', � , :__
<br /> exerelsing a�r of I.eadefs other rights under tha law or this Suuriry Ir^�:snG If aaY coasttnsr�a oa the Pmyerty is ,i'
<br /> diuontinued or no[carried on in a reasona�le manner,I.ender may aY:a9 s:�Fs�.�ry to pro�ct Leeder� ;'�s_�,,,.-�-,`.
<br /> securlry in[erest in the ProDanY.inctuiing completlon of the eonmucdon. •��..
<br /> . 12. ASSIGNMENT OF LEASES APHD ItENTS. Orasror im�orab:y g.-zsrs.conveya and s�lts to Tmseee.in aust for the __ .�•.
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<br /> 6enefit o!Lender.as addidoaal searity all t�e rlght,dtte and inun�m aad�o a-ry az:d all ex�or fuaue leases. -'�`�•"''''•"E"�'"'T°''
<br /> sa b teases,a a d anp other wdtten or verbal a g[cements for the use r.-d oca.�paac5+of airy portion of�n Properry. '�•" -�'-"'�`-� `
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<br /> .•. inctudiag any exteastoas.tenewals.madifications or subsdmrioas o`sur,�agrecs�..g(all ceferted t�rs'I.eases')and �Ji,�.; .
<br /> reats.issues and profim(all ieferced w av'Rents•). Uianwr will Y'��PUY Vrovi;:z Lender with we and cortect ��u„J
<br /> ' copies of all exisdng and fumm Lsas:s. Graawr may collect.Rceivo.enjoy and a;e�he Rents so long as aranwz is m� �}r;"s,
<br /> in def�St n�er the temis of thl+Securiry Inswmen� �°• . • ' vX��'f'�-
<br /> . ' liraninr nclmowtedges that this assl�unent is perfuad upon che rz:.o�mg of this Deed ot Trust a:d ttat Leoder is ;-�;,a,�'�}*�;",:', .
<br /> •�' �...:.,.
<br /> enlitIed w aodfy any of Granior's aenanca tn malro paymccu of R:ms d��a or ro become due to Lec�::. However, ,
<br /> ' Lender agrecs that only on defa�It will I.ender norify Granror a..^d C.z:or's uea._^o a°d make de�aad that aU fi�mre �.pir�,;. ,,,
<br /> `�, Rrnts be paid directly co Lender. On m,�eiving nodce of defaiil4 C+-��s will e�-.�o�s:a-d deliver to Lendcr any --- !���.�.�:, �:�'
<br /> •�.aV>�f'�� . .
<br /> p a y m e n t o f R s n r s m Granwr's possessiou and will ceceive any R��c.�s fi:- 'L:nce:ar.d will r.ot wmmingle the '..: .: :��, ---.
<br /> � Rents aitt►aay otttr flmds. A:ry amounrs colleckd m'll De a�l:eZ a3 Fmvided�t�is Securiry I�Cttrcent. (3�anmr '..+�_ +��:�•.a�-�_��:e -
<br /> warrants�hat no default exists under the Leases or any applicaEle L•3..�c.':ord/�oane law. Granror atso aarxs to maintain � ��rw-`-y Y,�w-�y ��-'
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<br /> and tequire any tenant to comply with�he terms of the I.eases a^.L applicable law. ''�.~:;..";•:•"'�.'
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<br /> 13. I.LASEHOII.DS;CONDOMYPII[JM3;PLAIeI1VED UYI�DEVELOPMENTS. Grantor agrec9 ro comply with the , —
<br /> ' provlsions of any lease if this Sewrity lnsbument is on a leasehatd. If the Property ir.cludes a unit in e condominium ��'%��`��_`_ �
<br /> or a planned unit devetopmrnt,Oranwr will petform all of(iranroi a duties u�er►he covenancs.bylaws,or . �� `°. ` ' _-
<br /> � � regulatlore ot the wndominium or planned unit devolopmenc ', , _
<br /> 14. DEFAiJLT. Grantor will be in defautt if any patty obligated on the Secured Debt fails to mace payment when due. �
<br /> Granror will be in default if a breach accurs u�cder the temu of this Securiry Instrumcnt or any othct docummt ' •• ,: �
<br /> exceuted for tlie puryose ot creadng,securing or guatanrying the Suurcd Debi. A good faid�betief by Lender that , � !
<br /> ' . Leader at eny dme is msecute with nspect to any person or en6ry obligated on the Sceurcd Debt or t4at the prospec[ � • •_
<br /> . of any payment or the value of the Property is impaircd shall also consdtute an evrnc of default. , � � —
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