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<br /> B.All funue advances from BeneHciary to Tn�swr or other funue obligatioTtustor l�n�var of Beuefi�ciai5►exewce� �� - . ,`'.� .
<br /> ry a r o t h e c evidence of debt executed by r e f e i e n ce d. I f moie tban one i .`
<br /> � ��SecntitY niraz�Su�3i• ��nent is speciBcallY : �>' .
<br /> �nst�ent whether or not this 5ecurity � tLis Se�vritp Inst�ument will seaue all fature y
<br /> . pecson signs tltis S�u��Y.��°I• � Tnut°r agr�s an oue or more Tnutor,or an}one or moce Truswr i
<br /> �dvan�es and fnaue obligauoas that are 81ven m or incarced bY Y i�e�even thoug�a11 �
<br /> , and others. All fumie advaaces and other fuaue obligauos►s are secured by this SecuritY , ;.
<br /> .. or��y not yet be advanced. All futune advances and��s�ha�ll caba�sa�wtQeacoemmi'm��to mak�e ad�doaal�or ; , . • .
<br /> • of th�s Security Insuument. NottnnS in this Secoiiry lnsuum � . . � .
<br /> . � fut�ue loans or adwances in any amowu.�►nY sach wmmiunent mast be agreed to in a separate wciting. ` . .
<br /> n
<br /> wlrich may later arise.to the exteut not proIu�bitetid�byce Tnutor�and � � ` . ,
<br /> : • �_:� � C.All oblig�tions Tiv.swr owes to Beneficiary. to any deposit accounc aSreem '. .. , . .
<br /> - -- ---- � 6ut not 1w�ited to. liabi{ities far overdraRs �1�5 � or othetwise pmtecting f -_ -
<br /> fleneficiuy. �expenses incurred by Beneficiar3r for insvrinS•pceseiving ;'. -"-`--
<br /> . D.All addidoual sums��y other sums advance�i and exPenses�bY BeneSciary under[he teuns of tWs , .
<br /> the Propert9 and � ° �.•`
<br />_-- . . Securit�►Instniment- notice of the right of
<br /> ' This Security Insuumenc w�l noc seaue any ocher debc if Beneficiary fa�'Is co give anY �� � ... .,;_ � ::,''.
<br /> ; , ,
<br /> nscisson. � �' ;
<br /> . . . . 5. PAYNIEN'i'S•Tcustor aP,rees
<br /> that a1I payments under the Secured Debt will be paid whea due and in accordance with the i . ti. •_:
<br /> � cetms of the Secured Debt and dus Secuuty lusaumetu. ��
<br /> : �� 6. WARRAN'fY OF TITI.E.Trustor wasrents t6it Tcustocouvey,and sell ttte Pcopy erty to Tr�.�in m�sc.vint6 power of ` ; ; . �.�
<br /> Security insuument aad has the right co ircev,o�n�ered.excePt for encumbrances of record. ��
<br /> � � sate.Tcustar also wanants that the Propertp nt or other lien �` '
<br /> .. . TS With regard�o anY other ueortgage,deed of m�st,secutiry ag�e �rF::
<br /> - 7. PRIOR SECiJRPP1f II�T o�RE.�s� �rest ar encumbrance on ttte�Property Truscor agrees: � _-=
<br /> • dacmnent tbat cceated a pri �Y �^
<br /> when dae and to perfonn or comply with all covei�ants•
<br /> , A.To roaise all paYmen�s °
<br /> -'.' �. B.To promptly deLver W Beneficiary anY nadces that Tcastor receives from the advances under any note or ag�eni ,_ � �-
<br /> ' C.Not to allow any modificauon or extension of, nor to reqaest any fu� ,;�;;�,�;_�
<br /> ns
<br /> ;', i 's rior wntteu consen� � ��
<br /> S�red by the lien docamenc without Benefic�arq p
<br /> � encwnbrances,lease payments,Sm�d rents, �.--��y -
<br /> � ': �� 8. C L A Il V i S A G A INST TITLE.Tmswr will ay all�����1��y ��Tnuwr to provide to Beneficiary :
<br /> n�T c a s w r w i l l d e f e n d d d e w 2 q 4,_
<br /> '' `° : utilities.and other ctiaar8es relatinS W t he� ts evidenc�n8 Tcustor s payme
<br /> r --�;
<br /> • ` cop i e s o f a U nodces that sach amamus are due, the receip ga .
<br /> , .f the Property against any claimsfi t wo�d �p�a i c��or defens�es Trusto t r may h�ave gaw t pardes�suPP 1Y-]a b o r i,�°�
<br /> B e n e fi c i a r y.a s r e q u e s t e d b y B e c�a N Y � �S„�:;
<br /> ' : or materi a ls to maintain or�mprove the PropertY• t� •�--,�
<br /> �_� ;,,�} ma ac iu opuon,declare the eutire balance af the SECUred Debt to ��__
<br /> 9. DUE ON SALE OR ENCUMBitANCE.Beneficiary Y� - �, -.„�;,.
<br /> , , be imiuediatety due aad paXable upon the creauon of,or conuact for t6e creation of any lien.eacumbrance.aansfer or t�U�=�
<br /> , . sale of the Property.T6is nght is subject�I m�n n eff�t unpl ytheS e ur 1 Debt s paid in f�ull and ithis 5ecuriry . �.; .. �
<br /> cuvenant shall run with the PrapertY aud ' `
<br /> .. , lnsmiment is released. . .:;:';��,
<br /> � . Truswr stiall aot commi[ or aUow aay w a s t e. imp a i r m e n t. or :�=.-
<br /> . 10. PROF'E1tTY CONDi7'ION. ALTERA T I Un S��IN�ECTION.Tnutor wi{1 kee thc Praperty in�aod wnditioA
<br /> � and wake aU repaics that are reasonably �Y es.Tiustor agrees thpt the ,-•>a,��
<br /> � . deterioration of the Prope .Ttustor will keep the PropenY free of noxious weeds and�rass , .:'.;.'
<br /> ee
<br /> ��e will not substa�uially change without Beneficiary s prior wntten conseni.Tmstar wtU not .r.`.
<br /> : � nature of[he occupaacy . .
<br /> � � • permit any change in any licease.restri�ca'�ve,�n�e�►�.�sand acuo�auSain�t Ttusc oi Sand of�any to s oin�ge to the �,..`=�
<br /> nutify Beneficiary of all d�ands. P -
<br />- . Property. :: :_
<br /> � .. . � . . Beneficiary or Beneficiary's agents maY,at Benef�ciary's option.eater the Praperty at any reasanable time for the pwpose ;�.
<br /> ' of inspect�nS the Praperty. Beneficiai5► shall,bnve Trustor nodce at the time of ar,before an itupection s�pec� n� a .r. .
<br /> � se for the 'on. Any, �nsPecdon of the Pcopecty shall be enurely for Beaeficiary's bene�t and
<br /> � reasonable urpo . .
<br /> �'' TTUStOi W1IPin no way rely on eneficiary's mspection. ,
<br /> or any of the covenanrs cantained in ttus Security : �, .:
<br /> <': � � �. 11. Al3'I'HORITY TO PERFORIN.,��t�iice�perfomi or cause �t°be�Perfor�ned' Trustor a�points Beneficlary es • . ' �
<br /> ' lnst�utnent, Beneficiary maY, for e omiance. Beneficiary s ri�bt to erfotm for .
<br /> � . attomey in fact to sigu Truswi's name or pay auy amuunt necessarY, P
<br /> Trustor shaU not create an obLgation to erfom►,and Bew ofithisYSec�rity�lsi�supi�ment�.lf anY conpsuucud'on on the P�roperts ; .
<br /> ' � exercisin&any of Beneficiary s other ri�its undel d►E �all steps necessary to platect Beneficiary
<br /> ' : is disconauued or not canied°Ai cludin�campleu'�oa of the consw ao y
<br /> . , security interest in the Propeny. :�
<br /> l2, pSSIGN:VIENT OF LEASES AND RENTS•Trus�or inevacably grants. conveys and sells to Ttuscee. in trust for the
<br /> ��'`� benefit of BeneficiarN,as ad�aonal eib�a ee�ments foi thet use and ccupancanyof yyp or�don of�the Pgapertyr.in lu�dt'n� .
<br /> subleases,and any ather wricsen S� .�•
<br /> , any extension�l iefene�d'to as�Rents)�Tcusar will pr�ofmptly8p�roeide�Bene�tc'tarey�athotn e ami�c.one la�pn�� °���
<br /> �'°��� . • a�t� profits (a • �
<br /> exisnn and fu[ure Lr�es.Trustur may collect.receive.enjoy and use the Rents sa long as Trustor is not in default under
<br /> • �� � the terms of this Security Instrument. �.
<br /> i
<br /> Tn�ssor as:knowledges�TN�or s tenants topnake�payment�of Renu due'or�to b�e due tu B����Hati��
<br /> • � entided to notify any �� .
<br /> � � '. Beneficiary aSrees that only t Beneficiary110n reecei g norice of default,,�Truscoi�w Iltendorse and deliver te�Beneficiary
<br /> � � futnre Rents be paid directly .
<br /> • i any payment of Rents in Tru�tsr'Ano����$�llected will benap plled as p ovided neth scSe�cu ty insemmeat.Trustor .
<br /> t the Rents with any other fu Y licable 1•endlordltenanc law.Tnuror also a�rees to maimain and
<br /> � warrants that no default eaists under the ixases or any aPP
<br /> reyuire any tenant to comply w�th the terms of the Leases dnd applicable law.
<br /> ' P Y. .
<br /> 13. LEASEHOLDS; 'CONDOMS�IlJMS�nP�A1NnED`��11N���Dpi���h��Tny ncludes a u�utyin a cn dom�mum°r b
<br /> . .' , provisiony of any �Y IAWy.or re ulations uf the
<br /> pl��med,u�t develapment.Trustor wil1 perfunn all of Trusror's dudes under t e covenanu.bY-' s
<br /> cund��mimum ur plauned unit development. �,
<br /> roe���-
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<br /> , , "91gg0 BenAenSystema.�nc..St.CIovA,tAN 17�804337d3411 Form RE�DT�NE 9113I88 i- -
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