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<br /> • ; B. AIl future advances from Lender to Grantor or other future obligations uf Grantor fu Lender un�r any promtssory , -
<br /> < - • � note,contcatt,guardnty,or otlter evidert� of debt execated by Gtantor in favor of Lender executed after this ';�•t�, �� � •
<br /> � �' Security la.-trument whether or not Wis Security Instrument is specifically referenced if mare than one peison '� , `
<br /> ` _ , sig�s this Security Instrument,each Grantor agrees that this Security Instnunent will secure aU future advanoes and , � '.
<br /> . ' fature obligauans thgt are given to or incurred by any one or more Grantor,or any one or more Grantor and `�� � ,
<br /> � others.All future advartces and other future obligations a�re secured by this Securiry Instniment even though all or '
<br /> � part may not yet be advanced All futum advances and other future obligations are secured as if made on the date �:����'``
<br /> � ;,;,�� of this Security Instruinent.NoWing in thic Security Instrument shall constitute a commiunent to make additional - _.
<br /> ��-�,`= or future loans or advances in any amount Any such commitment must be agreed to in a separate writing. �: .�.;=-°;- .;_,":�=~.
<br /> - --"- - ,-= C. Ali abtigations Grantor owes to Lender,wiuch may iater arise,to the extent not prohibited by law,including,but -" '—=� —
<br /> not limited to,liabi6ties for overcirafts relating to any depasit acvount agreement between Grantor and Lender_ . _ � �
<br /> ��<, ` D. AU addidona!sums advanced and expenses incurred by Lender for insuring,preserving or otherarise protecting ' . '
<br /> • - the Ptoperty and its value and any olhersums advanced and expenses incurred by Lender under the terms af �
<br /> � � this Security Instntment ` � -'
<br /> - , This Security Instrument will not secure any otherdebt if Lender fails to give any required notice of the right of rescission. " . N� 4
<br /> ` 'ry. �"�' .
<br /> • . ' S. PElYMEN'I'S.Grautar agrees that ail pa}rments under the Secured Debt will be paid whea due and in accordance ;• •`
<br /> � � .. with the terms of the Secured Debt and this Security Instrament � "'�r --•
<br />- �,_ , ` `� 6. WARRAI�P['�(OF TITLE.Grantor warrants thai Grantor is or will be lawfully seized of the estate conveyed by this ?�:`.��,-�
<br /> •.•�,, , Security Instniment and has the right ta irrevocably grat►t,convey,and sell the Property to Ttustee,in Lrnst,witt► ' _°
<br /> power of sale.Grantor also warrants that the Property is unencumbered,except for encucnbrances of record _ `
<br /> '. . � 7. PIidOR S�CURITY IPFI'ERESTS.wth regard to any other mortgage,deed of trust,security agreement or other lien � �R�.'�`�.•`.:
<br /> . � _ document that created a prior security interest or encumbrance on the Property.Grantor agrees: •`-''�:`
<br /> • • A. To make all pay�nents when dae and to perform or comply with all covenants. ` ` ;;�'�
<br /> • _ � � B. To promptly deliver to Lender any notices that Grantor receives from the holder. ,�. :� i��
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<br /> ` , ' - - C. Not to atlow any modifration or extension o�nor to request any future advances under any nate or agreement -- -� �_
<br /> �� secured by the lien document without L.ender s prior written consent. •` �� *�=�'-:
<br /> ..� ' S. CLAIMS AGAIlVS'i'7TTI.E.Grantor will pay all taxes,assessmenu,liens,encumbrances,lease paytnents,ground ��' '��'`'_*
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<br /> , , rents,utilities,and other charges relating to the Property when due.Lender may require Grantor to provide to Lender . .`.�. •:-:•�-•
<br /> � � oopies of aU notioes that such a�nounts aze due and the receipu evideacing Grantor's paymen�Grantor will defend - "°��`�-
<br />� . tit�e to the Property against any claims that would impair thc lien of this Security Jnstrument.Grantor agrees to a�.sign ~ �. ''`�-� �
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<br /> to Lender,as r uested b Lender,an ri ts,claims or defenses Grantor ma have a amst arties who su I (abor ' . �� ���'��
<br /> . _ �1 Y Y Sh Y g � P PP Y �,;��
<br /> ' or matarials to maintain or improve the Property. :•,;.,,,---.;,�r;'
<br /> ' '�f, �,�E;-�=�r_.
<br /> , 9 DUE ON SALE OR ENCiJ14qBEtA1VCE Lender may,at its 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 fien,encumbrance.transfer � E' �''�'��—�5
<br /> or sale of the Praperty.This right is subject to the restrictions iinposed by federal law(12 C.F.R.591),as applicable. ����°!.
<br /> . This 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 PROPERTY CONDITION,ALTEBATIONS AAiD INSPECTION.Grantor will keep the Property in good ';:;_;�:
<br /> • . � condition and make all re airs that are reasonabi necessa Grantor shall not commit or allow an waste. • , ' `�°
<br /> , . P Y rY• Y • • ;�:3.aF_=_.:
<br /> , impairment,or deterioration of the Property.Grantor will keep the Property free aP nouious weeds and grasses. •�. <. -�_
<br /> � � Grantor agrees that the nature of the occupancy and use will not substantially change withoua Lender's prior written � ' �:�;.'�
<br /> '; . " ���,`) consent.Grantor will not permit any change in any license,restrictivc covenant or easement without Lender's prior • . � `����-'-
<br /> . 1 written consent.Grantor will notify Lender of alt demands,proceeding,s,claims,and actions against Grantor,and of � '
<br /> . any loss or damagc to the Property. ' ��,':
<br /> � Lender or Lender s agents may,at l.ender's option,enter the Property at�ny reasonable time for the parpose of • �
<br /> : �- �� inspecting the Property. I.ender shall give Grantor notice at the time of or before an inspection specifying a �.';�
<br /> , � ' • reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and � . .. �
<br /> �. � Grantorwill in no way rety on Lender s inspection. : , .;
<br /> • • Il. AUTHORITY TO PERFORM. If Grantor fails to perform any duty or any of thc covenants contained in this � '.��� �'
<br /> � _ • Security Instrument,Lendcr may,without notice,perform ur c�ausc thcm to be pedormed.Grantor appoints Lender '" • . .�• . -
<br /> . as attomey in fact to sign Grantar's namc or pay any amount neccssary for pedormance.Lender s righl to perform for �'-
<br /> Grantor shall nnt create an obligatian to perform,and Lender 5 failure to perform will not preclude Lender irom � � �
<br /> ' . exercising any of L.ender's other rights under thc law or this Secudty Instrument.If any wnstruction on the Property is . . ,, ". �
<br /> 'i discantinued or rtot carried on in a masonable manner,l.ender may take all steps necessary to ptotect Lxnder's ' . , .
<br /> ' � � security interest in the Property,including compictian of thc canstruetion. �
<br /> ` 12. ASSIGNMENT OF LEASFS AND FtE:VTS.Grantor irrcvacably granis,cunvcys and sells to Trustcc,in trust for thc � _ .
<br /> . benefit of Lender,as additional sccurity all the right,title and imerest in and to any anJ all existing or tuwrc leases, _ �. '
<br /> subleases, and any c�ther�vriiten or verbal agreemenis for thr use and uecupancy of any portion of the Property, • ` •
<br /> � including any extensions,renewals,modifications or substiwtiuns of sach agrecments(ap rcferred to as••Leases")and �. •
<br /> rents,i�.sues and pmfits(all refcrred to as"Rents").Gramor will promptly provide Lender with truc and a�nect . �
<br /> copies of all exLcting and future Le:ase,��.Grantor may ec�llect,receive,enjoy and uce the Renis su long as Grantor is not
<br /> in dcfault undcr thc tcrms of this Sccurity Instrumcnt. � ' . '
<br />- . � . Grantor acknuwtedges that this assignment is perfectcd upon thc rccordin�;of this Decd of Trust and that l�nder is •
<br /> � , cntitled tu notify any c�f Grantar's tenants to make paymcnt uf Rents duc ur tu hccumc dur tu IAndcr. Huwevcr. '
<br /> l.cndcr agrcc�s that unly<m default will Lender notify(;ramor and(:ramor c tenants and makc dcmand that all futurc � �
<br /> °` � Rents he paid directly to Lender. On recciving noticc of dctault,Grantur will endurse and dclivcr to l.cndrr any � � •
<br /> , , paymcnt u(Rc»ts in Grantor's pos�cssion and uill nccivc;�ny �tems in trust fur L.cndcr and will n��t cummin�;te ihe
<br /> ftcnts with any othcr funds. Any�mounts cullcctcd will he a�pplicJ as pruvidcd in this Sccurity lnstrument. Grantor , '
<br /> �varrants thal nu default cxi;ts undcr Ihc I x.i.c��ur�►ry applicahlr landlurd/tcn�nt law.Grantc�r also agrccs tu m�iintt�in �
<br /> and rcyuirc any tcnant tu cumply�vith the tcrmsuf thc i.cascs and applicablc la�v. �
<br /> ,;• � � 13. I.�A�EHOI.DS:CUNDI)MIN1lJMS: PLAEiNE�)UNiT DEVELOPMF.IV7'5.<ir;intor agrcc�tu comply with thc
<br /> � pruvisiuns uf any Irasc if thi�Sccurity Inslrum�rot is on:�Icaschold. If thc Prapcny includc,:�ui�it in a cunduminium .
<br /> nr a planncd unit dcvclopmcnt. Grantor will perform nll c�f(irantar's dutic� undcr thr cu��rnantti. by-la�e�, ��r
<br /> rcgulations uf thc cundominium ur plannrd unil drvrlupmcnt.
<br /> • 14. bF�Al1LT.t�r:int�,r�vill hr in dcf:wlt if any party uhliRatcd�m thc Sccurrd Dcbt fails���makr raymrnt whcn duc. . .
<br /> ,�`� � (ir.�nlur will hc in dc(auh i(:i hreach uccur� undcr thc Irrmti of Ihiti tirrurity In,lrument ur �my ��Utcr d„cumcnt " � .
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