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<br /> . � � B.AU future adwances from Beneficiazy t�Tnsstur u:other f'uwre obli�ationi of Tnutor to Beneficiary under any , � �� ; ��
<br /> � ' � ; promissory note.wnuact,guatanty. ��r other evidence af dd�t exe:ut�by Tnistor in�avor of Reuefinary exet$fed .
<br /> , + aRec tWs Security Insm�ment wL:ther or not this Sxurihj lnstnuvent is specit'ically r:ferufc�d. If more than one . , �
<br /> , ,�.�j Person signs this Security,Instrument. ea�L Tn�stor agree� that Bus 5c�curity in,�oniu:ent wi11 sccure all future : ' .
<br /> i advances and fuwre obli auonti that aie giveu to or inrurred by any one or more 7'nuYO:.or any une or mnr�Tn�s[or �• '�•�` �
<br /> • • . i aad otheis.Ali futare�CC5 31111 OIIICT FI31Uf£Ol1It$3I1U71�3iC 5G(.'IIICU t1}/lI1Lti Sl'CUfil}I�IIS[flfDiC11[eVCO IIIOUb'Il 3U ,
<br /> ' ` � � or part ruay not yet be advancaL All future advances and utiier futurr cbhgatioas are secured a+if made oa tt�r datr - `?
<br /> . � of t�is Seauiry Instn�ent. Nothing in this Security Instnmient s�aU cunmwte a commitmen[to mxicr additional or .
<br /> � . _�_ � future loans or acivances in any amowi�Any such cum.�,::tn�nt must be�reed to in a�eQaiate writing• '� -
<br /> ` ' _ �_, f C.All ohligations Twtor owes to BeueGciary. which�uay later arise. to the extent nnt pmlubited by law. inclucling, � � � �
<br /> - �- - �� but uot limurd to, liabilid� for over�afU relaung to any deposit account agreemeni between Trm�tor and --- -,—�--;"-'
<br /> ` � ; Benefciary. �:•
<br /> ; D.All addiuosrnl sums advanced and expe,�uss incurrr,d by Beneficia[}+for ins�►ring.preserving or utherwise protecdng � � ..
<br /> the Pmperty and its value and any oiher sw�advanced and expewes in.urred by Beaeficiary under the tecros of tdis , . r ..:� : -�
<br /> � ,' Security I�osaument- ._ ' .
<br /> . • This Se�auiry [nsuument will not secure any otLer debt if Beaefi�tiacy fails to give any �equired notice of the right of �
<br /> � zescission. . .
<br /> . 5. PAY14iENTS.Tiostor agrces that aJl payments uuder the Secured Debt will be gaid�vhen due and in accoidance with the . "'���-�-.
<br /> • • teans of the Secured DeUt and this Stcuniy Insuument. ' �-"�="==
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<br /> -. • 6. WARRANTY OF TITLE. Tttutor ararc�nts that Tr�tor is or wilt be lavdully seized af the estate conveyed by this �
<br /> �. Security Insuument and Las the rigiit w irrevocably graut,wnvey,and seU the Proprny ta Truste�,in uust,with power of � ,� '" �=�-�.�
<br /> sale.Trustor also warrants that the Pruperty is unenauube:wl,except for encumbianccx of recard . •;;��.
<br /> '``� ' . 7. PRIOR SECURITY INTERESTS.wdi re�aard to any otLer martgage, dtzcl of trust, security agermeni or other lien �{ �
<br /> document that created a prior securicy interest or encumbranc:e on theproprrty,Trustor agmxs: < . ,• � �!., �
<br />: A.To make all pa y ment�when due arid to perfonn or wm pl y with ai!covenants.
<br /> - H.To pmmptly deliver to Benefrciary any notices that 3'ruster receives from the halder. ' ' ;�_:
<br /> ', C.Not to allow any modiflcauon ar exteasion of. nor ro request swy fuaue advances nnder any aote ar agreement u., •��`.,�:,�
<br /> . secured by the lien docwuent withnnt Beaeficiary'�prior wntt�tt consent. �.�,F.
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<br /> S. CLAIlVIS AGAINS°I'TITIE.Trastor�riU�ay a!1 taxes,assessqtents liens,encumbrances.lease payietents.gmiuW rents. 's� '�', �
<br /> � � urilides,and other cbarges relating ta the Pruperty wl�eu due. Bene�ciary may reguire Trustor to provide to Beneficiary ":_' �•'�
<br /> cupies of aU notices that such amounts ara due and the receipts evidencing Tnutor s paymenG Trustar wiU defend tide to ` «-. .•�.
<br /> . the Pro en a ainst any claims that wovld 'uu air the lien of this Securi Insu�ent. Tnu7or to assign to . . .�•'��
<br /> �. ' ,,..�:.s �,.
<br /> � � Bene6.,p asiequested by Heneficiary,any righpts:claims�r defenses Trustor may have against partiesa�who supply labor .:•-;� +='� .:
<br /> , or materi�'to mamtain or unpmve the ProP�'9• � .�:: '}i:� '�
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<br /> ,' 9. DUE ON SALE OR ENCUMBRANCE. Ben�ficiary wiay,at its optian,declace tlie entire balanee of the Secured Debt to , .:.:
<br /> ba immediately due and paxable upon tbe c7eadon of.ar coniraCC for the creation of. anp lien,encumbrance, transfer or '�':�'<`%�;
<br /> � • � sale of die Property. T6is nght u subject to the restricdons imposr,�l by fede;al law(12 C.F.R.591).as applicable.This - � � �� "
<br /> ' a�ven�eat shall zun with die I'roperty and sh:ill remain in effect unat the Secured Debt is paid in fuil and this Security � `•. ,::;;��
<br /> L�stcumrnc is rel�ued. . . -�:.'.;�,'.
<br /> � . .:;.,t�r�ht;
<br /> ' ,' 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION.Trustar will keep thc Pra e m ood cnndidan ' . -��•_-
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<br /> a�ui make all repairs that are reasonably aecess;uy. Trustor sl�all nat commit or allow auy waste, impaimient. or • ' _.
<br /> deterioradon of d�e Prapecty. Trustor will keep the Property free of noxiouti Keeds and grasses. Trustor agrees that the '��':_,:;y:
<br /> ' niture of the occupancy aad use wiU not substantially change without Beneficiary s prior written consent.Tiustor wSll not ><. -
<br /> • • permit any change in any license.remicuve oovenant or e�euient�vithout Beii 6ciary's prior written consent.Tcustor wUl • � . .�$;��
<br /> -.. � . notifq Beneficiary of all de�uands, �mceedings, ctaiats, an:t actions rgainst Trustor. and of any loss or damage[o the � � �:;,_..-
<br /> ' Property. .. • :- y
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<br /> • Brnefciary or I3eneSciary's agents ti2ay.at Benefc�'a•ry's opdon._enter the Praperty at auy n�sonable time for theputpose ' • . ��=
<br /> �' of iaspecahg Qie Property. Beneficiary sJ�n:l,grve Trusror aotice at the tuns of ar befare :u► i�upecdon spec�fviug a � � .. •
<br /> �. � rNasonable ucposc for the iaspecpon. A�y aaSp�Ytion of th� 1'ro�erty shall be entirely ti�r BeneSciary's bene�it and �.. . .
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<br /> . � '.i Tn�stor wiU ia no w�ay rrly on Ben�ciary's impectcan. , . .. . .
<br /> " � 11. AUTHORITY TO PERFORM. If Trustar fails ta pertomm�any�ac�ar auy of the coveru�nts containe�l in this Security � . ' ' r� _.
<br /> . . :.# liutrumeut, Beneficiary may. widiout nudcx, perforn► or r:wse them to be perfomir.cl. Trustor aPpoints Be��eficiary as . � �
<br /> auorney ia fact to sign Trustor's rame or pny any antouut necessary for per.ormancr. Beneficiary s right to perfomi for
<br /> � � Trustor shall uot create au obligarion to perfi�rm; �uxl Beneficiary's tailure to perforn�will not preclucle Reneficiary froa� '
<br /> , exercisia�;any of Beneficiarl�'s other rights under the faw os this Security lntiavmenG If any constructiou an the Property
<br /> 'i is disconum�r�l ar not carried on iu x rrasonable manuer. Brneficiary may take all steps ne;.ess�►ry to pratect Benefcc�ary's � '
<br /> . � � security inrerest in die Property,includinb ti:o�upletiun uF d�e co�utrucfion. • .
<br /> :'', � 12. ASSIGNMENT OF LEASES AND RENTS. Tnistor irrevorably grants. crniveys and sells to Tsustee, in aust for the �
<br /> ' 3 benefit vf Beneficiary,as aclditional se�:urity�ll tt�e right,title and intrrest in and to any aad xll e�cis�ing or future leases, . • '
<br /> � subleases,anJ any ather written or verbal agrrxments for ti�e use and accupaney of any portion of the Ptoperty.including
<br /> any extensio�. renewals,modificadons or substitutions of such agreements(�11 refened to as"Leases")and rents.issues
<br /> , '� � and pmfits (all referred to as "Rents"). Trustor wi11 prumptly prnvide Benefic�'ary wid� true anJ conect copies of all �
<br /> I exisung and�fqture Le:ues.Trustor n�ay collect,receive,enjoy ancl use the Repts a•o lang as Trustor is not in default under . .
<br /> the tenns of th�s 5ecuriry In�trumrnt.
<br /> � "Prutitot acknmviedges thxt this:►s.tii�,*ttment is pettected upoi�the recorJinb nf tUis Deed of Trust and tlut Benefieiary is . . �
<br /> { entitleJ tu notify any of Trustor's trna�its tu makr p;i}nneuc uf RCnn due ur to br�:ume due to Beneficiary. However. '
<br /> B_urtieiary BbfCCS 1I1:/1 Ql1Iy uu def:Wll WtII BCi1Cf�Ci:l�y nulify Trustur and Trustor's tc�u�uh aud m�ke demand that all
<br /> fuwre Rents be paid t'.i:ecdy tu t3eneticiarv. O��nceicing n�nic.:��f J:fault.Trustor wiil endorsr and deliver to Benrficiary � ,
<br /> i ;u�y payment�f Reuts in Tn�stor's possession and :vill rr�;eive;u�y R�:ms iu irust iu;•Be:c�;;i;:r�ara!uill sias c:.•tutn�ngle
<br /> the Rents with any otlier funds. Any arr�o+�nts wllected will hr appli=d as ptovided i�l this Security Instrument. Tmstor � .
<br /> ; warrants that nd default exists under the ixasrs or any applicahle Iancltord/tenant law. Trwtor also agrees to maintain and ' �
<br /> , � � rrquire any tenant to comply wid�the trnns��f die Lrases and applicable law. ' •
<br /> a .
<br /> 13. LEASEHOLD3; CONDOMINIUl�3S; PLANNEll UNIT DEYCLAPMENTS. Trustor agrees to comply. with d�e
<br /> : . , provisiuns of ai�y lease if this Security Itutrumens is ou:�le;uehold. li tlie Pruperty includes a unit in a wndomndum or x . • ..
<br /> ' ' planned.wut development.Tn�star will perfrnn�all of T�vsto%s duti.s unQer the covenants,by-laws,or regulation��f the ! . .
<br /> ' ` � condunnuium or plamud unit d�velopme�u. � �
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