97100597 - Laserfiche WebLink

Browse

� .. . . • , . , . ;t:. _ . ti:: ____ , � � �. `_ . � . ; • : , , , . . . .. , • ,�_ • � _. ,.•<' �. � �. =o , � ' � . '" _ _ ._._ -_ _�:�._��..� � _.�.� .._._._..��. _. .. �. , . . . __ °. -- ---- . � _. � _ � ._ _� _ �-°-_-- - , , � � � 97� �0�5�'� � ; : :� _ _ , B. All future adu�ances from Lender to Grantor or i�ther futurr ohligations of Grantor to L.cnder und�r any prom�a�ury • � . . " m�:r.contraet.guaranty,or other evidence:of debt executed hy Grantor in fa�•or of Lc:nder executed aftcr this ' • . , a� 5ecurity Instrument�vhcther or not this Seeunty Instrument is specifically refcrencrd if morr than one pcnan � "{"� �igns thi,S�curity Instrument,each Grantor agrees that this S��curity Instrument will secure all future advaaa�and - . • � futurc ohtigations that arc gi�•cn tu ur incurred by any one or more Grantor,or an}one or more Grantor and . _ • , uthrn.All ioture advances and othcr future obligations are secured bv this Securitp�Instrument even though all or �� part may�not y�et be advanerd.All Euture advancc�s and other future obligations are secured as if made on the date . �. ;f - - of this Security�lnstrument.Nothing in this Security Instrument shail constitute a rnmmitment to make additional _ ._________ _ ur future loans ur advances in an}�amount.Any such commitment must be agreed to in a separate writing. �� , C. All obligations Grantor owes to l.ender,which may later arise,to the extent not prohibited hy law,including,but : � ' - r: not limited to,liabilities for overdrafts relating to any deposit account agreement between Grantor and Ixnder. . ` �1=��t • D. All additional sums advanced and expenses incurred by Lender for insuring,preserving ar othenvise protecting _ , _ ; : ;_ ;-' . , the Property and iu value and any other sums advanced and expenses incurred by Lender under the terms of • '� � � this Security i�strument. � • �'a.``• • ' This Security Insirument wil!not secure any other debt if Lender fails to give any required noticc oi the right of rescission. � , ,. •� -- � S. PAYMEPJ'I'�.Grantor agrees that all payments under the Secured Debt will be paid�vhen due and in accordance ' . �.": . . , with the temrs of the Secured Debt and this S�urity Instrument. � _ � 6. WAItRANTY OI"ITI7.E.Grantor warrants that Grantor is er will be lawfully seized of the estate conveyed by this 1 " "'", ' ;.�� ' Security Instrument and has the right to irrevocably g�rant,mQ�ey,and setl the Property to Trustee,in trust,with , �, :,,�,. power of sale.Grantor also warrants that the Property is unenc.unbered,except for encumbrances of record. ^.':�--°-' - Z PRIOR SECURITY INTERESI'S.�th regard to any other mortgage,dea{�£trust,security agreement or other lien ��-�� documcnt that created a prior secwity interest or encumbrance on the ProFe�,..Grantor agrees: �,c''��;,•' �-;_.� , �.� ..--_._ a.�. � �:�t�� _ . A. To make all paymeR�s when due and to perform or comply with all covenants. ��rc�/��;��•-�- • ..ei,.. � . �.�?�tK�';.A..Xt �� B. To promptly deliver to Lender any notices that Grantor receives from t�e hotder. �T. ,'��.�. ,: �y�'�` C. Not to ailow any modification or extension of,nor to request any futus*�a�vances under any noie or agreement '�''�`'`��''��``�3"�'�'� �::��.;.. t:� .�-: secured by the lien document without Lender s prior written consen�. ''�;�v,��".��' - �:; •t9c• '�• ��-_� • 8. CLAIMS AGAINST TTI7.E.Grantor wip pay all taxes,assessments,lie��encumbrances,lease payments,ground • �ti. . ,,_,,,,.�.� ..s' , rents,utilities,and other charges relating to the Properry when due.Lender may require Grantor to provide to Lender �;'�yf�;.�' """� �'�` copies of all notices that such amounts are due and the receipts evidencing Grantor s payment.Grantor will defend t�,�,_ ..�., , :— � title to the Property against any claims that would impair the lieg of this Security Instrumeat.Grantor agrees to assign � `� "�.�' ' �'�- - � t o L e n d e r.a s r e u e s t e d b L e n d e r,a n ri t s,d a i m s or d e f ens e s Granter r.**,.�.�y have against parties who supply labar ��+f�f'.��'� ��' `i��=:� _ 9 Y Y 8h •• �_:_. . or materials to maintain or im rove the Pro ert . y"��'� A P Y -fk�i{��;:�•::# .�;.;;f�'�� 9. DUE ON SALE OR ENCUMBRANCE.l.ender may,at its option,decta*�;�•�entire balance of the Secwed Debt to Y ��«.• • �•.; E{:- . " :,� �k..��,,..«,..�::{;'f .; be immediately due an d pay a h le upo n t h e c r e a t i o n o f,o r c o n t r a c t f o r t h e c:e a:;o n o f,a.c: 'ie n,e n c u m b r a n c e,t r a n s f e r F • ,�::�Y.�y.•;.�;(. w• or sale of the Pro e This ri t is sub'ect to the restrictions im sed b federal law;.�C.F.R.591 ,as licable. � h' ,'`•;�� . . . P nY• Sf► J Po Y ) aPP r,� , This covenant shaU run with the Property and shall remain in effect until the Secured�ebt is paid in full and this _A „_; , - :(�� ° =- �- Security Instrument is released. ..�,�'� ; _ 10. PAOPER'd'Y CONDITIOl4i,AL1'EIiATiONS AND INSPECTIOt�i.Grantor wiU keep the Property in good " `� � u _ _ condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste. >�c:�== impairment,or detcrioration of the Property.Grantor will �e�p the Property free of noxious weeds and grasses. "'�"�'""°'--�°" . Grantor agrees that the nature of the occupancy and use will:o:substantially change without Lender's prior written ` '• consenG Grantor will not permit any change in any license,restdctive co.•�nant or easement without Lender's prior - �'-:--�-`. �d=�•..:�. ''` • written consent.Grantar will notify Lender of all demands.Praceedings,c:aims,and actions against Grantor,and of .H�N� . �'�:�''-°��. . any loss or damage to the Property. 'ryr,s� . :::. . ,�'�--�. Lender or Lender's agents may,at Lender's option,enter the Property at any reason:��le time for the purpose of � `��- _— ;y.cleu' kt:j: ..•, ' inspecting the Property. Lender shall give Grantor notice at the time of or before an inspection specifyinc� -�� - :aa�,�t.':,,' �� . reasonable purpose for the inspection. Any in..�>ection of the Property stiall be entirely for Lender's benefit a�d _'•-�t�� = .. •.��%�=`+��:�-• Grantor will in no way rely on Lender's inspectian. ,i?•�•.�� : 11. AUTHORITY TO PERFORM.Tf Grantor fa:[s;o perform any duty o-zny of the covenants contained in this ��r� ..�..�.�. :: -- � Security Instrument,Lender may,without notice,perform or cause them to be perforrned.Grantor appoints Lender -- �. as attomey in fact to sign Grantor's name or pay any amount rt�.cessary for performance.L.ender's right to perform for - - -°' ' Grantor shaU not create an obligation to perform,and Lenu��r's failure to perform will not preclude Lender from Y r��'"`��+� � exercising any of Lender's other rights under the!aw or this Secunty Inswment.;f any construction on the Property is �� - �� ''- discontinued or not carried on in a reasonable rr.anner, Lender may ta�c�� a11 steps necessary to protect Lender's �`--��_°�� � _• security intetest in the Propert}•,including comp7e2inn of the construction. :x - .. ,�,. `,� 12. ASSIGNMENT OF LEASES A101�DtENTS.Grantor irrcvoca5ly grants.conveys and s::�s to Trustcc,in trust for the d.,';r_,,,� .. bene6t of Lender,as additional security all the right,title a,�d i�terest in and to any ar.:�all existing vr future leases, _ � subleases,and any other written or verbal agreements for tn_ use and occnpancy of any portion of the Property, -*;-�"`�'� � including any extensions,renewals,modifccations or substituiians of such a�e�ments(all referred to as"Leases")and '��- `� rents,issues and profits (aU referred to as"Rents"). Grantor will pror.�pt:y provide Lender with true and correct ';,�;,,,,;� • - '�.p-:•• copies of all existing and future Leases.Grantor may collect,rec.;ive,enjoy and use the Rents so long as Grantor is r.��t � �- . ; � in default under the terms of this Security Instrument. ��"`�=- ...i•^ai--t• Grantor acknowledges that this assignment is perfected upoa t:�e recording of this Deed of Trust and that Lender is '` . . �•- entitted to notify any of Grantor's tenanu ta make payment of Rents d::� �r to hecomc due to Lerdcr. However. "��• ,_ . ___ Lender agrees that only on default will Lender natify Grantor and Granto=s tcnants and makc dem��J:hat all futurc ��;�;i.�:� ° • , . : _..�- Rents be paid directly to Lender. On receiving notice of default, Gran-c:a��ill endo-se and deliver to L.ender aay � ' .�;;�,,;�.� payment of Rents in Grantor c p:ns•�csion and wiU receive any Rents in tr,:.t for I�r.u�r znd will not commingle 1':_ �_ ' ��•'.'`��`'. Rents with any ather funds. Any ar.:ounts collected will be applicd as providcd fn tFis Security (nstrument.Gr:~+tor � • �r''`� ` �= warrants that no default exists under the Lease�or any applicab;e landlozd�ter.ant law.Grantor also agrces to mair.tain � . • .�� '• ,. and nquire any tenant to comply with the terms of the L.cases and applical,'._;aw. . . -� ' 13. LEASE�IOLDS;CONDOMINIU1ViS;PLAN�iED UNIT DEVEL(DTPGLi��IT5.Grantor agrees to comply with the .. . � f�"� provisions of any lease if this Security Instrument is on a leasehold.If the Property includes a unit in a condomiri�.m , •. ' or a planned unit development.Grantor will perform alt af Grantor's duties under the covenants, hy-law5.cr � � � �� regulations of the condominium or planned unit devclopmert. � � � .� 14. DEFAULT.Grantor will he in default if any pariy obligated on the Secured Defit fails to make pa}:r,;�nt when due. � � Crantor�vil! be in default if a hreach occurs under the terms of this Security Instrument or an� c:hcr document , rvage 2 0�4� . • . � 0 799+t B�kan Systoms_tr�c.SI GouO.M1tN(1$00.397-234t 1 Fofm HE-0T�NE&B191 � � • �� �^.y.�� ' '-- ')t'' � r�.' . ` � ..---� ...`-.,. _ . � . . . . . . . _ . _ , . .. . . . : . . . .._ . . . - . .. . . . . .. .. . � . .. � � 1..n • � - . . .. . ,. . • . . . .. �• . .. ' . . � _ � ... • . .. . . . . � .... -1_ . ` � , . . ..