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<br /> `` tor or other futurc nbligauans uf Grantur tu Lendcr undcr any promissory �' •�`. '
<br /> � B. All tulure advana�s from Iw:nder tm Gran ` �
<br /> `, �.�i � ;� � note,contrac�t.guaranty,or other evideuc�:of debt exccuted by Granror in favor ot Lcnder exccutcd after ihis . , . (, ;
<br /> , Security Inslrumrat�vhether ar not this Securiry Instrument is specifieaAy rctcrcnced. If more than one petson
<br /> �. < signs this Secvrity Instrumen�each Gtantor agrces that this Security Instrument wiU secure all future advances and
<br /> ; .. future obligations that are�Yea'her future obagaiiuns are sccured byGthis Sccurity Ins�wmcnt even haugh a1 oa � •• .
<br /> others.All future advances and � ,
<br /> . ; �. part may aot yet be advanced El11 fumre ad�ances and other future obligations are secund as if made on the date
<br /> _ y _:,: . of this Security Instrument.Nathing iA��Se sueh rnmmil�nt m t be atgreed o in a eparate wn�&dditional _ _
<br /> ° or future loans or advances in any amo p►�►Y
<br /> � ' C. All obligatians Grantor owes to Lrnder.which may later arise,to the extent not prohibited by law.including,but � .:r. •
<br /> - `,`� not limited to,liab�iues far overdrafts relat'sng to any depasit account agreement 6etween Grantor and Lender.
<br /> D. All additional sums advanced and expenses incuned by Lender for insuting.preserving or othemise protecting ,
<br />. � . the Property and it5 value and any other sums advanced and expenses incurred by Lender under the terms of
<br /> this Security lnstrument. �
<br /> .�. This Security Instrumeat will not secure any other dubta Le�ndes�d Debt�w�l be�paid�n n a�eana�ccordance _
<br /> 5. PAVMENI'S-Grantor agrees ihat all payments .• .� .
<br /> � : ' with the terms of the Secured Debt and this Security lnsuument. � � -
<br /> • � • 6. wAgRAl�y pg'�CLE,Grantor warrants that Grantor is or will be lawfuUy seized of tfle eseate canveyed by this ::_1''�_;'�`
<br /> Security Instrument an d h a s t h e ri g h t to irrevocabl y g rant,convey,and seQ the Property to Trustee,in trust,aith Y � _-�: -
<br /> ' . '��i � power of sale.Grantor also warranu that the Property is une�c.�unbered,except for encumbrances o f recor d �_-_
<br /> , 7, pRIOR SECIJRITX Il�iTERESTS•With regard to any oiher mortgage,deed of�t�ecarity�aSreearent or other lien '':' �--�-,_
<br /> � � . � document that created a prior security interest or enaunbrance on the Property. � � �-.-�;
<br /> ' � A. To make all payments when due and to perform or comply with a11 covenants. :� .�.•;_
<br /> � .. �� B. To promptty deGver to I-ender any nodces that Grantor receives from the holder. ' ''.7:,�
<br /> C. No t to a t low an y modification or extension o�nor to request any future advances under any note or agreement ; i_,,�;..•..
<br /> ... ':.��, . --
<br /> � �� :-' secured by the lien document without Lender s prior written consent. ,., . - -
<br /> �,..� ' g, CI,AIlViS AGAINST TiTLE.Cirantor will pay all taxes,assessmenu,liens.encumbrances.lease payments,ground :';:,�, `��-;=
<br /> •�.. ,x'..'.,;——
<br /> � ' renfs,uxilities,and other charges relating to the Property w0en due.Leader may require Grantor to provide to Lender ._;,1: ;.. ,___
<br /> Grantor s a en�Grantor ti.n'll defend ' �':.:��- ---
<br /> . ' copies of all notices that sucd amannts are due and the receipts evidencing Instrumen Grantor agees to assiga �� ��`
<br /> , �� title to the Property against any claims t6at would impair the lien of this Security .�.�_:.;^:_=.-
<br /> �r,,�.-�
<br /> ' • � to I.ender,as requested by Lender.any rights,claims or defenses Grantor may have against parties who supply labor 1 _� "
<br /> � or materials to maintain ar�mprove the Property- '� t=�----•
<br /> • 7� 9. DUE ON SALE OR ENCUNB1tANC�E.�eat o ofy or contrPatct fort e creation of,any uen,encu brancx,tllransfer _.
<br /> • be immediately due and pay P _—
<br /> � �. or sale of the Property.This right is subjecc to the restrictions imposcd by federal law(12 C.F.R.591),as applicable. :�;._Y_�__
<br /> 'i'his covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this :,�_�:
<br /> . : . ` Security Instrument is released. �,��
<br /> , � 10. PYtOPERTY CONDITION,AL'FERATTON nA 9�e�s ary�G�ntor shall noticommithoralow ny wastc. , ' '
<br /> condition and make all repair
<br /> ;�rt„='
<br />. ,� • ,. impairmen�or dcterioration of the Property. Gran u e�`����P ubst ntiaUy change withautLe de is prior w�rttt n �.
<br /> ' Grantor agrees that the nature of the occupancy and p '-_�;,::
<br /> ' consent.Grantor will not permit any change in any license,restrictive covenant or easement without Lender's rior _,-��
<br /> ' . , written consen�Grantor will notify LxnJer uf all demands,proceedings.claims.and actions against Grantor.and of _.
<br /> ' any loss or damage to the Property. �.•��
<br /> � " • Lender or Lender's agents may,at L.c:ndcr's optian,enter the Property at any rcasonable time for the purpose of _y�
<br /> • inspecting the Property.Lender shall givc Grantor noticc at thc timc oi or bcfore an inspection specifying a `,,�,
<br /> ' ' ��� � reasonablc purpose for the inspection. Any inspection of the Property shall be cntircly for l.ender's benetit and _
<br /> � • ` ' Grantor will in no way rely on Lender s inspectioa. . • •
<br /> ll. AUTHOid[TY TO PEYdFO1�M.If Grantor tails to perform any duty or any of the covenants contained in this ,
<br /> � .�_ . Secnrity instrument,Lender may,withouor�a an eamount necessary forperformance.l.e der 4trighttoperf�n for
<br /> as attomcy in fact to sign Grantor's namc p y y
<br /> � Grantor shall not crcate an obligation to perform.and Lender's failure to perform will not preclude l.cnder fram
<br /> ` ' ' • exercising any of Lender s other righ�S under the law or this Security Instrument.lf any construction on the Property is
<br /> ' � discontinued or n�t carried on in a reasanablc manner. Lender may take all steps nccessary to pro�ect Lender's
<br /> . ' security interest in the Prapercy.including completion of the canstruction. ; :
<br /> �. , �Z, qSS1GMNENT OF LEA5EnaAND RE aPTfShe right tiUc and ntegest in and to any and,all ez st ng or fu ure Iease.s .
<br /> benefit of Lender,as add�uo Y
<br /> subleases,and any inhcr written or vcrhal agreements for thc use and occupancy of any portion of the Pmperty. .
<br />-ti.� , including any extensions,rencwals,madifications or substitutions of cuch agreements(all rcfcrred to as°I.c:ases")and .
<br /> � " rents, issues and profits(all re[ened tc�as"Rents'). Grantor wi(1 pr'y liy provide L.ender with ttue and correct
<br /> . �pics of all existing and future I.eases.Grantar may col(ect,rccc:ive.en o +nd use the Rents so long as Grantor is not
<br /> in default under the terms ot this Security Instrum�nt.
<br /> ���• . , (irantur acknawlcdgcs lhat this assignmcnt is perfccted upon thc rccording of this Deed of'Crust and that Lendet is ,
<br /> cntitled tu notify any oP Grantcv'�ten��nts to make paymem of Rents due or to become duc tu l.ender. However.
<br /> . ' � I,ender agrees that�mly on default will L�:nder notity Grantor dnd Grantur's tenants and makc demand that all future
<br /> ,. � Rents he paid directly tu Lender.Un rccciving n��ticc of detault,Grant�r will endorse and deliver to Lender any
<br /> ' . � I paymcm of Rcnts in Grantor's pussessi��n and wiU rccci�•c any Rents in trust for l,�:ndcr and will n�t cummingle thc
<br /> . j Rcnts�vith any other funJs. Any.�mounts cvllected wi11 he aPPlicd as prewidcd in ihis Security Instrumcnt.Grantor
<br /> warrants that no dcf�uh cxivts undcr thc Lcascs or any applicablc tar,;.:ord/tcnant law.Grantor.d�o egrccs to maintain
<br /> � and require any►enant to cumply with the terms of the L.eases and applicable law.
<br /> 13. LEASEr1ULDS;CONDOMINIUNIS:PLANNED UNi9'DEYELOPiNF:NTS. (iramur agrrrs tu comply�vith thc
<br /> � � pruvisions uf any Icasc if this Sccurity Insttument is on a l,:aschold.li thc Property includcs a unit in a cundnminium .
<br /> . ur a planncd unit devclupmcnt,Cirantur will perform all uf Grantur's dutics undcr thc cuvcnams, hy-laws,ur
<br /> .i: , 1 n:gulations uf thc cundominium ur planncd unit dcvclopment.
<br /> �" 14. 1)EFAULT.(iramnr will he in dc[ault i(any p�rty c►hlig.itcJ un thc SccurcJ Dcht fails to makc paymrnt whcn duc. .
<br /> � • . , � (irnntur �vill bc in dcfaull if�i brcuch occurs undcr thr tcrms of this 5ccurity Instrumcm ��r am uther ducumcnt .
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