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<br /> B. All tuturc udvanccs from Heneficiery to Trustor or othcr tuturc obligations ot Trustc�r to Bencticlury undcr nny
<br /> � promissory notc,wntrect,guaranty,or other cvidence of deM exccuced by 1'rustc,� in lavor ot Bcncficinry exccuted
<br /> " aftcr this Security Instrument whether or not this Security lnstrument is specificapy referenccd. If more thun one
<br /> person signs this Security Instrume�nt,each'frustor asrees that this Secunty lnstritment will secure all future
<br /> advances and future obligations that are �iven to or incurred b�any one or tnore Trustor,or any one or morc
<br /> Trustor and others.All future advences and other fu►ure oblignUons ure secured by this Security Instrument even
<br /> though all or part may not yet be udvanced.All futute advances and other future obl�gatiuns nre sccured.�w if madc
<br /> � on the datc of this Security Instrument.Nothing in this Security Instrument shall constitute a commitmcnt to enakc
<br /> ���,w additional or futurc loans or advances in any amount.Any such commitment must bc ugrccd to in a sepnratc writinE•
<br /> .,,�, C. AA obligations Tn�stor owcs to Beneficiary,which mny later arise,to the extent not prohibited by law,including,but
<br /> not limitcd to,littbilities for overdratts relating to any deposit account agreement bctwecn Trustor and Bencficiary.
<br /> p. All additional sums advanced and expenses incurred hy Beneficiary for insurin�, prescrving or c�thcrwisc „
<br /> protccting thc Property r.nd i�s valuc:and any othcr sums advtincrd:�nd cxpcnscti incurrcd hy AcnoGciary undcr ••:
<br /> • thc terms of this Securisy Instrument. """�
<br /> re uired nouce of the right of ��:i�`��'
<br /> � This Security Instrument wiU not secure any other debt if Beneficiary fails to give any q ,.•;i�'.�
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<br /> , resciuion. �,.,�'•`:."`
<br /> . � 5. PAYMENT3�Trustor agrees that all payments under the Secured Debt�vill be paid when due and in accordance with , , ,;�__-
<br /> : � tk�e terms of the Secured Debt and this Security Instrument. ;.f:�r•`N"
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<br /> •` 6. WARIItANTY OF T1TLE.Trustor warrants that Trustor is or will be lawfully seized of the estat�conveyed by this ��-y�._
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<br /> Security�Instrument and has tlie right to irrevocably grant,convey,and sell the Property to Trustee, in trust,with _,_ .` .
<br /> Z �j power of sale.Trustor also waaants that the Property is unencumbered,except for encumbrances of record. _,{
<br /> �� 7. P RIOR SECURITY INTERFSTS.With regard to any other mongage,deed of trust,security agreement or other lien �:V,�
<br /> � � document that created a prior security iaterest or encum brance o n t h e P r o p e rt y,T r u s t o r a g r e e s: ����?�;
<br /> �� ` A. To meke all payments when due and to perform or comply with all covenants. _-
<br /> � . B. To pramptly deliver to Beneficiary any notices that Trustor receives from the holder. ,�
<br /> C. Not to allow any modification or extension of,nor to request any future advances undcr any note or agreement y
<br /> secured by the lien document witbout BeneYiciary's prior wiitten consent. __
<br /> ' - B. CLAIMS AGAINST TITLE.Trustor wiU pay al] taxes,assessments,liens,encumbrances,lease payments,ground _
<br /> � rents, utilities, and other charges relsting to the Property when due. Bene�iciary may require Trustor to provicie to
<br /> � Bene�ciary copies of all notices that such aaiounts are due and the receipts evidencinp Trustor's payment.'I'rustor will ��
<br /> � defend title to the Property against any claims that would impair tlie lie�of this Secunty Instrument.Trustor agrees to x
<br /> • � assign to Beneficiary,as requested by BruCGciury,any right��c1ai�.�r__fe�ses Trustor may have against parties who f �
<br /> supply labor or matenals to maintain or improve the Property. =- -'
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Beneficiary may,at its option,declare the entire balance of the Secared
<br /> . Debt to be immediately due and payable upon the creahun of,or wntract for the creation of,any lien,encumbrance,
<br /> , tranicable.This covenantshallyrun wnsth the1Property and shall remainninleffect until t e Secured Debt is paid9n�full =_
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<br /> and this Security Instrument is released.
<br /> 10. PROPER'1'Y COIVDITION,AL1'ERATION3 AND INSPECTION.Trustor will keep the Property in goo
<br /> ''�"� "� ' conditian and make all repairs that are reasonably necessary.Trustor shall not commit or allow any waste, _
<br />'�"`:•. • .•''"•� impairmeat,or deterioration of the Property.Trustor will keep thc Property free of noxious wecds and grasses.
<br />�"� � Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior
<br />_m.;�_ �`�; wriuen consent. Trustor will not permit an�change in any license, restrictive clo�din s claims,cand act ons _�
<br /> -- w Bene�iciary's prior written consent.Trustor w►ll notify Beneficiary of aU demands, p g•
<br />�`�:,r;�''q"� against Trustor,and of any loss or darna�e to the Property.
<br /> -=�'--��-�� Beneficiary or Beneficiary's agents rnay, at Heneficiary s option,enter the Property at any rcasonable time for the
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<br /> - �`" purpose of inspecting the Property.Bene�ciary shall give Trustor notice at the t�me of or before an inspection
<br /> -�"'" specd}n'ng a reasonable�urpose for the inspection.AnY inspection of the Property shall be entirely for BeneSciary's _
<br />� '"-"jx benefit and Trustor will�n no way rely on Bencficiary's�nspection. _=
<br />'?s'"��'`��• 11. AUTHORITY TO PERt�ORM.If Tmstor fails to perform any duty or any of the covenants contained in this Security
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<br /> ..,��..-.� Instrument,Beneficiary may,without notice,perform or cause them to be performed.Trustor appoints Beneficiary as � _
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<br /> -- -�'=�?€.- attorney in fact to cigc►Trustor's name or pay any amount necessary for performance.Benefic�ary's right to pe orm
<br /> --_-�Lr�� for Trustor shall not create an obligation to perform,and Beneficiary's failure to gerform will not preclude Deneficiary
<br /> - "-_'�_� from exercising any of BeneGciary's other nghts under the law or elus Security Instrument.If any construction on the
<br /> �,ti,o:""�;.;`.,� Ptopert�is discontinued or not camed on in a reasonable manner,Beneficiary may take all steps necessary to protect _
<br />"a"`���,f�' Benefic�ary's security interest in the Property.including completiun of the construauon �••
<br /> `-"�*-'�^' ]2. ASSIGNMENT OF LEtlSES AND R.ENfS•Trustor irrevocably p'ants,conveys and sells to Trustee,in trust for the
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<br />'`������ ,� benefit of Beneficiary,as additional security all the right,title and iaterest in and to any and all existing or future _
<br />=,� ' . leuses,subleases,and any other written or verbal agreements for the use and occupancy of any portion of the _
<br />� Property. including any extensions, rene�vals,niodi�cattons or substitutions of such agreements(all refened to as __
<br /> "Leascs")and rents,issucs and profits(all refened to as"Rents").Trustor will promptly provide Bene�iciary with true . ;:�Y W
<br /> �� � and correct copies of all existing and tuture Leases.Trustor may co l lect,receive,en�o y and use the Rents so long as F MY_�___
<br /> •� Trustor is not a�default under the terms of this Security Instrument. E;�_�•_---
<br />-- Trustor acknowledges that this assignment is perfected upon the recording of tlus Decd of Trust and that Beneficituy is E�__,�
<br /> _ � entitled to notify any of Trustor's tenants to make payment of Rents due or to become due to BeneSciary.However, . ,,�a-�."._
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<br /> Benefiaary agrees that anly on default will Beneficiary norify Trustor and Trustor's tenants and make dcrnand that all �_r
<br /> • S future Rents be paid directly to Beneficiary.On receivin�notice of default,Trustor will endorse and deliver to yr��y.:(_.
<br />�i° { � Benefici any payment of Rents inTrustor's possession and will receive any Rents in trust for Bene�iciary and will .,,
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<br /> ___.,s��` � �_:� nor comm�inrle the Rents with any other funds. Any.amounts wllected wili Ue applied as provided in this S�curity � •„�
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<br />- Instrument.Trustor warrants that no default ex�sts unaer ine i.eases or d��y aN�,L.��•�•...•�•�•-•---�-•-- -��_=- :
<br /> _ ••� egrees to maintain and require any tenant to comply with the terms of the L.eases sutd applicable law. :.
<br /> " 13. LEA,SEHOLDS;CONI30MIIVIUMS; PLANNED UNIT DEVELOPiVfENTS.Trustor agrees to comply with the
<br /> " provisions of any lease if this Sf•c�uity Instrument is on a ica�chold.If the Property includes a unit in a condominium
<br /> _ or a planned unit devclopment,Trustor will perform all of Trustor's duties under the covenants, by-laws,or
<br /> . ' regula6ons of the condominium or planned unit dev�lopment.
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