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<br /> B. All futurc advances from Lcndcr to Gruntor or uthcr(uwrc obliga�ionsof(iranwr to Lcndcr unJcr�►ny promissary
<br /> '3 notc,conuact,guarnnry,or othcr cvidcna: ut dcbt exccut�d hy Grnutvr in fav��r af l.cndcr caccutcd aftcr this
<br /> •'`' Security Instrument whcthcr or nc�t this Sccurity Instrumcn[ is specificAlly rcfcronccd. If murc than onc persun
<br /> ` signs this Security Insu•ument,cuch Granwr agrccs that this Securiry Instrument will secure all future advanccs ancl "
<br /> • _ ' (uturc ohligations that arc �iven to or incurrcd by any onc or morc Grantor,or any onc ar morc Grantur and
<br /> othcrs.All futurc udvanccs and cnhcr futun obligations are sccurcd by this Security Instrumcnt ovcn though ull ur
<br /> part muy not yet be advanccd.All futurc udvances and other future obligations are sccured as if madu on the dt+tc ..
<br /> � ot this Security lnstrument.Nothing in this Security Instrumcnt shallconstitute a commitment to makc additiomil
<br /> ;,;:�� or futurc loans or advances in any amount.Any such cammitmem must be agreed to in a separate writing.
<br /> Y»�•�^� C. All obligations Grantor owes to L,ender,which may latcr arise,to thc cxtcnt not prohibited by law,including,hut
<br /> not limitcd to,liabilitics for overdrafts relating to any deposit aaount agrccment bctween Grantor anJ I.ender.
<br /> D. All additional sums advanced and expenses incurred by L.andcr for insuring,prescrving or othenvise protecting .�.
<br /> , the Property and its vnlue and any other sums advanccd and cxpenses incurred by I.cnder under thc tcrms of ��=,r_�:
<br /> this Security Instrument. ' �
<br /> This Security Instrument will not secure any other debt if Lender fails to give any required noticc of the right of rescission. �:;%,•
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<br /> 5. PAYMENTS.Grantur agrees that aU payments under the Secured Debt wiU be paid when due and in accordance .�_y
<br /> with the terms of the Secured Debt and this Security Instrument. ^;�=
<br /> �. 6. WARRANTY OF TITLE.Grantor warrants that Grantor is or will be la�vfully seized of the estate conveyed by this •:�+
<br /> � '� Security Instrument and has the right to inevocably grant,convey,and seU the Property to Trustec. in trust, witl� •.�,;�..
<br /> power of sale.Grantor also warrants that the Property is unencumbered, ezcept for encumbrances of record. ��°
<br /> .,.___
<br /> � �` 7. PRIOR SECURITY INTE�tESTS.With regard to any other mortgage, deed of trust,security agreemcnt or othcr lien �°w?�=�
<br /> document that created a prior security interest or encumbrance on the Property,Grantor agrees: .::•__-
<br /> ' A. To make all paymcnts when due and to perform or comply with all covenanu. ,
<br /> B. Ta promptly deliver to L,ender any notices that Grantor receives from the holder. �```'
<br /> C. Not to allo�v any modification or extension of,nor to request any future advances under any notc or agreement _
<br /> '' secured by the lien dacument without Lender's prinr written consent. � '
<br /> ., � �'` S, CLAIMS AGAINST TITLE.Grantor will pay al!taxes, assessments, liens,cncumbranr.es, lease payments,ground [�����
<br /> • rents,utilities,and other charges relating to the Property w hen due. L en der rnay rcquirc Gran tor to provide to Lender �=-
<br /> . wpies of all notices that such amounts are due and the receipts evidencing Grantor's payment.Grantor will defend `
<br />_- utle to tt�e Propeny againsi any clainw ti,ai�ivuaid ir,pdii 2llc li;.n af ih�s S�eua:y Instrumen»G*a!1!nr�pinrg tn accion v
<br /> � � -� to Lendcr,as rcquested by I.ender,any rights,claims ar defenses Grantor may have against parties who supply labor _
<br /> � or materials to maintain or improve the Property.
<br /> '-" 9. DUE ON SALE OR ENCUMBRANCE.Lender may,at ils option,declare the entire balance of the Secured Debt to
<br /> '"� • � be immediately due and payable upon the creation of,or contract for the creation of,any lien.encumbrance,uansfer
<br /> �!r �t
<br /> ��:��'.:�3�:���:�.�, T or sale of thc Property.This right is subject to thc restrictions imposcd by federal law(12 C.F.R. 591),as applicable. -,
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<br />=-� . � ,:•� This covenant shall run with the Property and shall remain in cffect until thc Secured Debt is paid in full and this
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<br /> -::°:.�;.�� ,.•"!^� Security Instrument is released.
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<br /> _`` ,T_��:r 10. PROPERTY CONDiTION, ALTERATIONS AND 1NSPECT[ON.Grantor will keep the Property in good
<br /> ;p¢,-;:..y` r y• condition and make all rcpairs that are reasonably necessary. Grantor shall not commit or allow any waste,
<br /> --_=.;•,,. . :. impairment, or deterioration of the Property. Grantor will keep the Property free of noxious wceds and grasses.
<br /> �-%'�'^* Grantor agrees that thc nature of the occupancy and use will not substantially change without Lender's prior written
<br /> _���Yy� consent. Grantor will not permit any change in any license,restrictive covenant or easement without Lender's prior -
<br /> written consent.Grantor will notify Lender of all demands,proceedings,claims,and actions against Grantor,and of
<br />_ E-,:;�� any loss or damage to the Property. --
<br /> ---- Lender or Lender's agents may, at Lendcr's option,enter the Property at any reasonable time for thc purposc of
<br /> --_ — inspecting the Property. Lender shall givc Grantor notice at thc time o(or beforc an inspection specifying a
<br />__--�����,� rcasonabic purpose for thc inspection. Any inspectia� of the Property shall be entirely for Lender's bencfit and _
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<br /> �--_ _�._� Grantur wiil in no way rely an Lcndcr's inspcctiun. ., ._
<br /> " __-- 11. AUTHOR[TY TO PEREORM.If Grantor fails to perform an�+duty or any of the covenants contained in this
<br /> - �===,,;;p� Security Instrument,Lender may,without notice,perform or cause them to he performed.Grantor appoints L.ender
<br /> --� -- — as attorney in fact to sign Grantor's name or pay any amount necessary for pedormance.Lender's right to perform for
<br /> =���•r� Grantor shall not create an obligation to perform, and Lcndcr's failure to perform will not preclude Le;nder from --
<br /> -- T==� exercising any of L.ender's other rights under the law or this Security Instrument.If any construction on the Property is
<br /> _���;: discontinued or not carricd on in a reasonable manner, Lendcr may take all stcps necessary to protect Lcnder's =
<br /> �;:=�i�,� ' security interest in the Property,including completion of the construction. -
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<br /> _'�..::��.:'�: 12. ASSIGNMENT OT f.CASES AND RGNTS.Grantor irrevocably grants,convcys and sclls to Trustcc,in trust for thc ��
<br /> �����•�� :;' bcncfit of L.ender,as additional sccurity all the right,titic and intcrest in and to any and all existing or futurc leascs, �'
<br /> :�:
<br /> . sublcases, and any other writtcn or vcrbal agrecments for thc u�c und occupancy of any portion of the Froperty,
<br /> - . including any ext�nsions,rcnewals,modi�cations or substitutions of such a�rcemcnts(all rcferrcd to as"L.eases")and
<br /> • ` rents,issues and profits (all referred to as "Rcnts"). Grantor will promptly provide L.ender with true and correct �`.
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<br /> • copies of all existin�and future L.eases.Grantor may collect,receive,enjoy and use the Rents so long as Grantor is not ��-�_-.
<br /> . .. ,..,._ in default undcr thc t�rms of this Security Instrument.
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<br /> ' Grantur acknowlcdges that this assignment is perfccted upon thc rccordin�;of this Decd of Trust and that L.cndcr is �•.�==
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<br /> • entitled ro notify any of Grantor's tcnants to make payment of Rents duc ar to bccomc due to L�:ndcr. However. � :�:
<br /> Lcnder agrees that only on default will Li:ndcr notify Grantor and Grantor's tenants and make dcmand that all futtrcc
<br /> . ._.._ __.__ _ . . .. .. _. .. . ._i_. �_ '_'_c"'__ _�.:.... ..0,J..t....l• l5....,,�.�....:11..n.i..�cn o�s�l dnlivnr fn 1 �+nrl��r anV ''-
<br /> .`.`''�-.-.-.—.. KCTI15 Dl'Pd1U Ut[C1:tI�' W LcttuCt. vu t�.bwru��,;uvu�.�, va u�.auu..,v.o...v. ....
<br /> , paymcnt of ltcnts in Grantor's posscssicm and will rcccivc any Rcnls in tcust for Lc:ndcr and�vil1 not comrning(c thc ':�
<br /> � Rcnts with any othcr funds. Any amvunts collcc►cd will rc applicd as provided in this Sccurity Instrumcnt.Grantor
<br /> � warrants that no dcfault exists under thc Lcases or any applicablc landlonlltcnant law.Grantiir also<igrccs tu maintain
<br /> and requirc any tcnant to comply with thc tcrms of thc Lc�ses tmd applirihl�law. �
<br /> � 13. LEASEHOLUS;CONDOMINIEJMS;PLANNCD UNIT DGVELOpAtEN'TS.Gr�intor a�;rccs to c:omply with thc
<br /> "• provisions at any Icasc if this Scrurity Instrumcnt is cm.�lcaschold.If thc Property includcs a unit in a condominium
<br /> or a planned unit dcvciupmcnt. Grantnr will perform all of Grantor'ti dutirs undcr thc cuvcnant�,hy-laws, or
<br /> rcgulations o(thc rondominium or plxnned unit dcvclopment.
<br /> ld. DErAUL'I'.Grantur will hc in dcfiiult if any party uhligulcd un Uic 5ccurcd Dcht fails tu makc paymcnt whrn duc.
<br /> ' Grantor will hc in dcfuult if a brcach occurs undcr thc tcrms uf ihiti 5�curity Instrumrnt ur .�ny uthcr dorumcnt
<br /> • (page 2 ot 4)
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