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<br /> . �� �o��� �� t �r" �`� � -
<br /> < B. Ali furiue advances from Heneficiary to Trustor ar other future obligaauas of,'Tr`us or to Bene6ciary under az�y � ; �
<br /> . promissory note.�ntract,guaranty,or other evidence of debt executed by Trustor in favar of Beaeficiary executed ��
<br /> aher this 5ecurity Instrumeat aheWer or not t6is Szcurity ln4trument is specifically referenced if more than one �:_
<br /> ' person signs this Security Insuument,each Trustor agrees that this Security Tnstrument arill secure ali future • .• . . - __
<br /> advances and fuhue obligations that are givea to or incurred by any one or more Tnistor,or any one or more .. . . _
<br /> TnLStor aad otheis.All future advances and other future obfigations are secwYd by this Security Instrnment even . . . _
<br /> •� though atl or part may not yet be advansed.All future advaaces and ather future abligarions�m sec�ued as if made . .��. . _
<br /> on the date of this Sectmty Instrument ATothing i�thss Security Instrument shall cozutitute a oommitment to malie . .
<br /> additional or futw�loans or advances in any amount Any such commitment must be agreesl to in a separate writing. • _
<br />- C. A(I obligations Trsstor owes to Benefrciary.which may later arise,to tlte extent not proIubited by taw,incluciing,but - r--- -,----- _
<br /> not limited to.lialr•'_.�ties for overdrafts relating to any deposit aocount agreement between Ttustor and BeaeHciary. � ,
<br /> � D. All additional sums advanced and expenses incurced by Beneficiary for insuring, preserving or otherwise ' � . . , '
<br /> ; proteciing the Property and its value and any other sums advanced and expeases iacurred by Benef ciary under � . '�'
<br /> the terms of this Security Instrumen� -:-`.�'-'•��'�
<br /> . This Security Instrument will not sec�ue any other debt if Beneficiary fails to E;ivc :+ny rryuireJ nutice o[thr rif,ht uf -- :
<br /> resassion. . • �•
<br /> S. PAYIV�NTS.Tn�sior agrees that all payments uisdar the Secured Debt will ise paid when due and in accordance with ` •:•-.•3:�-
<br /> :i�`� the terms of the Secured Debt and this Security lassumen� � . . . '~'�^�-_��.,
<br /> ;-: 6, �VARRAAPrY OF TIfII.E.Trustor wartants that Tn�stor is or wrill be lawfiilly seized of the estate conveyed by this . . .,`,.�._.�_._-__`�
<br /> Security Iustrument and has the right to"vrevocably grant,comrey,and sell the Property to Trustee. in trust,arith
<br /> power of sale.Trnstor atso warrants that the Property is unencu���red.except for encumbranoes of record : i=�
<br /> 7. P R I O R S E C L J R T I'Y I r P T E�t E S T S.W i t h r e g a r d t o a n y o t her mo r t g a ge,deed of trust,securi ty a g reement or other lien :-��
<br /> • document that created a prior security interest or encumbrance on the Property,Trustor agrees: , � ��.` 'T,; '—.
<br /> ' A. To malce all payments when due and to perform or comply with al!covenaats. •• , ' �"� �--? `--� -__
<br /> _ B. To promptly deliver to Benef[ciary any norices that Tr��tar.-eceives from the holder. �•••==����•j:s�r�=•
<br /> .•'-°___.,._,.... ,:-.� f-t
<br /> � C. Not to allow any modificatian or extension of,nor to req�*-wt any future advaaces under any note or agreemeat �„� ..�+��;���;
<br /> secured by tbe lien document�ithout Benefiaary's priar�s�ritten consenG �•��' ' �� � ;��.- '�' '
<br /> 8, CLAIIMS AGAINST TITLE.Tnistor will pay all taxes,asse.ssments,liens,encumbrances, lease pac�•�s,grouad '.:,���i,.;f,;. i�%;�r,.a�'-_A-�
<br /> �. „� �;,,__._:..
<br /> rents,utilities,and ot6er chazges relating to the Property when due. Beneficiary may require Tn�star-���rovide to •.,r� '^��•�' �r��+�.��.
<br /> fci�+f,.: '.�,'•�:
<br /> • " Beneficiary copies of aIl notices that such amounts aze due and t3��receipts evidenctng Tnistor's payme�u�nLStor wiR ��s�,�',� t'►,+'�s,�,,�.,z.,.�;.,
<br /> {�.�
<br /> " ` defend title to the Property against any claims that would impair�ae lien of this Security Instrument.Trus:or agrees tr .,,y,;;�,: �. . .,,:, ::.�•.�
<br /> assign to Benefcciary,as requested by Beneficiary,any righis,c(aims or defeuses Trustor may have again�`t�arties a�� ���`�-+'.-?,. . � r;>>- ,--
<br /> u r �� , �,:.,,�":. �..,.;
<br /> supply labor or materia:�tn maintain or improve tEie Property. �� �:�.�`�r,� �? -. ��°_
<br /> 9 DUE ON SALE OR�IO�iJMBRANCE.Benefr•iary may,at its oprion.c:°L:are the entire balance of the Seciued ".t;�� '� ,,
<br /> Debt to be immediatel}due and payable upon t�e ereation of,or contract fo;the creation of.any iien,encumbrance, �`��,�,
<br /> '"'�; transfer or sale of the Property.'I7v right is subject to the resuictians imposed by federal law(12 C.F.R.591),as �'`�;���� ����-
<br /> applicable.T6is covenant shall run wit'n the Progerty and shall remain in effect until the S�zcured Debt is paid in full :• ,.s1;�r;�:.,_:-
<br /> . and this Security Insuument is released. °•"''' �'v,��
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<br /> Il�. PROPE1tTY COIVIDTH'GON,ALTERAaIOIY� AND INSPECfION.Tntstor will keep the Property in good � �r � ��. '
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<br /> ' condition and make all repairs that are reasonably necessary.Trustor shall not commit or allow any waste, - �;�.._ �-
<br /> impairment,or deterioration of the Property.Tntstor will ke�p the Property free of noxiaus weeds and grasses. ;.•;,�,� .•,' ,..__
<br /> � Tn�stor agrees that the nature of the occupancy and use wil!not substanually change without BeneBciary's prior » '"•
<br /> ' n o e r t n i t a n chan e in anc litense.restrict�ve covenant or easement without -�'sr+�.�ti�;�_
<br /> a r i t t e n c o n s e n t.T r u s t o r a n ll t p y 8 „�^„r.:-
<br /> Beneficiary's prior wri:tea vonsent.TnLStor will notify Beaeficiary of a!1 demands,proceedipgs,claims,an d actions ���;.•
<br /> • against Trustor,and of any loss or damage to We Property. '��.f:?';i . __'
<br /> � BeneHciary or Benefi�ary's agents may,at Beneficiary's option.enter t6�e f'roperty at any reasonable time for the . . _ .._
<br /> pucpose of inspecting the Property.Beneficiary shall give Tnstor notice at the time of or before an inspectioa • �.:,: ,. ., ��u�_
<br /> � ; specdjnng a reasonable purpose for the inspection.Any inspectien of the Property shall in�entirely for Beneflciary'S ' � j r —
<br /> >'� bene$t and Trustor will in no way re��on Beneficiary's inspectie�. "�""�'�_'A •
<br />� Il. AUTHORITY'TO PEA�OIdM.If Trustor fails to perform any duty or any cf the wvenants cantained itt this Security �r;,LL �.��.;;_,_�_�-'�.
<br /> •�� Instrument.Beneficiar�:r.�ay,without notice.perform or cause them to be performed.Trustor appoint�G:neficiary as -_�.__.
<br />' attomey in fact to sign Tnistor's name or pay any amount necxs.,ary for performance.Beneficiary's r.�t to perform `�''�0l,'� -
<br /> for TnLStor shall not create an obligation to perform,and BeneG.:i.=ry's failure to perform w71 noi preclude Beneficiary ��r-�
<br /> from exea '<° g any of Beneficiary's other rig6ts under the laa�7 this Security Instrument If any construction on the - ,,;�:.;r�
<br /> ;�« ' Property s diswnUnued or not camed on in a Teasonable mar.�.r,BeneHciary may take all steps necessasy to protest °-" '`
<br /> _::a'i4 ._..Y�..�;.,.-
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<br /> � Bene�ciary's securi�'�terest in the Property,including compleuon of the construction. �y•. �.---
<br /> � ' Il� ASSIGN:�iENT O�@JEASES A1vID REN'fS.Trustor iaevocably grants,conveys and sells to Trustee.c�:rust for the • �` �;�
<br /> � beae5t c5�eneficiary,as additional security aU the rig6t.title and interest in and to any and all existmg or future " ,.,,.��..; �•
<br /> ' leases,s�.e}�eases,and any other written or verbal agreements for the use and occupancy of any pomon of the ��� `� '"`�'� � ��`y,',i.�_
<br /> Property.�cluding any extensions,renewals.modifications or substitutions of such agreements(all refeaed to� :;� �'� �•��r4.�-
<br /> "I.eases")a�d renLs,issues and proGts(all referred to as"Rents").Trustor wiU promptly provide Benefiv.ary with true �:�,'.•,;�;�,..;�:�,�;;,_ �
<br /> and eorrect copies of all existing and future Leases.Trustor may collect,receive,en�oy and use the Renss so long as :�,�''��!°"._.,=r
<br /> � Tn�stor is not in deSarlt under the terms of this Security Instnunent. �'•�ti��°"""�:..
<br /> rr;r.:�w�
<br /> :5��+,�rf+. d, r.:--
<br /> � Trustor zrknowledg�s that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is ��s��
<br /> entitled t�aotify any of Trustor's tenants to make payment nf Rents due or to become due to BeneHciary.However, � .-; ,.=,. ; _
<br /> Benefcciary agCes t:�flt only on clefault wiU Beneficiary notify'Frustor and Trustor's tenants and make demand that a{i . .
<br /> � .. future Reats be paid directly to Beneficiary.On receivind notice of defa►ilt,Trustor will endorse and deliver to � . -�-=
<br /> Beneficiary any p2yrnent of Rents in Trostor's pnssession and will receive any Rents in trust for Beneficiary and wiU •� a'=
<br /> not commingle the Rents with any other funds. Any atnounts wUected will be applied as provided in this Security =""��'`�: � —
<br /> . Instrument Trustor warrants that no default exists under the Leases or any applipble landlordltenant law.Trustor also � �
<br /> agrees to maintain and require any tenant to comply with the terms of the Leases and app6cable law. .
<br /> 13. �.EASEHOLDS;C�IUDOIe+QNI1JMS;PLANNED UNIT DEdEe.OPMEIVT3.Tntstor agrees to comply with the , .
<br /> provisioas of any tease if this Security Instrument is on a leasehold.If the Property includes a unit in a condominium �
<br /> or a planned unit development,Trustor will perform all of Trustor's duties under the covenants,by-laws, or • � • �
<br /> regulations of the condominium or planned unit development. � , .
<br /> (Aage 2 0l4) , . � �.�:.�.�
<br /> ' A18946a'.t6rsS/s•.rnL4tr7G.Si.CbVO.WJ(1-800,337R341)FatmRE-OT�NE 911398 , _ ��,
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