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<br /> : � � . �� B. All future advances from Beneficiary to Trascor or other future oblig now or executed afte�r this D o�T� < ._
<br /> , promissory not�.oont�ct-Sua��Y•or other evidence af debt eaisting
<br /> � � � �vhether or uot tbis Deed of Tmst is specificallY referred to in the evidence of debt. ,
<br /> ` � C. All obligations Tmstor owes w Beaefciu7+•which now racist or maY later arise,to the extent not prohibited hy � c
<br /> � � law, includiag, but not limited to, liab�ities for overdrafts telating to any deposit account agreement between ,
<br /> . . Tmstor and Beaeficiary. . . .`� <';;
<br /> ., ` ` ` D. A31 additional sums advanced and expenses incumd by BenefrciazY for insuring.P�e.s�vin8 or otitenvise prutecting _
<br /> ,`• � • - the Pro p e r t y aad its vatue and aay other sums advanced and eapenses incurred by Eeneficiary under the terms of . >
<br /> ... `' � this Deed of Tnut. plus iaterest at the Irighest rate in e f f e c t. fr o m a m e t o t i m e,a s p r o v i d e d in the Evidence of
<br /> ' �:�, Debt.
<br /> --- _ �._ � . E. T�ustor's performaace under the=otherwise�e deU�g a debt by Tnutor to BeneSciary and any Dced T._'--- - :
<br /> . of Tmst securin8>guarantYmg � .:`<: �
<br /> . If more than oae pe�soa signs Wis Deed of Tnut as Tmswr,each Tinswr agrees that this Deed of Trust will secure a11 ' ..
<br /> � f u t u i e a d v a n c e s a n d fiwre obv g a t ions desrn'I�ed above thai are giveu w or incurred by any one or more Tn�stor.or any ;'��.�,���,
<br /> , � , one or more Trastor and othecs.T6is Deed of Trusc will not secum any o t her d e h t i f B e n e f c c i ffi y f a�s,w i t h r e s P e c t t o s� .. '_;:�
<br /> disclosare atwnt tiris Deed of Tmst or if BeneSciary fails w give any required notice of � �� . _
<br /> � other debt,to make any re9uued `
<br /> • . , the right of rescission. � ;'` �"`'.:
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<br /> - 5. PAYMENTS.Tn�stor agrees to make all paYments on the Seaue.i Debt whea due and in accordance with the temns of the � . ,• . .
<br /> � � �,�` E v i d e n c e o f D e b t or this Deed of Tnut. ,_,��'�
<br /> • 6. W�ARRANTY OF TiTLE.Tmstor covenants that Tn�stor is lawfiillY seized of the estate conveyed by this D�d of Tnut � ., ' ."� `----
<br /> wer of sale,the Pro e and wairants ` �"''`�.�-=:-
<br /> � � antl has the right to irnvoca6ty gcant, convey aad sell w Tn�stee,in uust,wid�Po P �Y � --__-
<br /> . �� . _ for encnmbraaoes of record. -'.�A
<br /> . that the Property is unenasnnbered,ex� _ ���1;.
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<br />- , .� -. � 7. CI.AL1d8 AGAIIVST TI17.E.Tnistor wiil pay all taxes,assessments,li�encuwbrances�,leasetop PYnte as�to BeaeSciary . ,°,�.�..-
<br />- ' :i, �u � utilides,and other cfiarges retating w the PcopertY when due. BenefciarY Y � Tn�stor will defead tide to _ --
<br />_� .,, . coPies of all notices that such amounts aze due and the receipts evideacinS Tn�stor's payment-
<br /> � the PropertY agains�u►Y claims tUat would impair the Hen of this Deed of Ttust.Ttusto g agrees to assign to Beaefi�,o �.
<br /> � ' � requ�by Ben e f i c i a ry, an Y n S h t s� c l a i m s o r d e f e n s e s w h i c h T n�s t or ma y have a ainst Parties who stzPplY s ,.mzi..
<br /> • „ -. _, � mve or maiutain the Propetty. .. *.,�
<br /> mateciats to imp =�
<br /> ' .j With regard to any other mortgage,dexd of uust, security agteement or other lien `�. °.a
<br /> 8. PRIOR SF.C[JId1TY I1�'TFRES°fS• .:ti�-�=
<br /> - , . � document that created a prior security interest or encumbrance on the Property and that may have priorlry over this Deed �E-;.=�=.
<br /> � ' � , .,. j of Trast,Tmstor agrees: , .c�. �"`',
<br /> ' A. To make all Payments when due aad to perform or comply with all coveaants. i; :�r�ede.
<br /> deliver to Beneficiary any notices that Trustor receives from the holder. '¢"
<br /> ` � B. To ploIIipdY i ' �°.e�"-.
<br /> G Not to make or p trmi�����l�r mortgage�deed ofdtn�st or secunty�ment unless B ficiary consentys
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<br /> note or agreemen .. -
<br />_'_ in ariting. . . ' :-=.
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<br /> � 9. DUE ON SALE OR ENCUIVIBRANCE.Beneficiary may,at its option,declare the entire balauce of the Secured Debt to __
<br /> b e i m m e d iatel y due and payable upon the creauon of any lien,encumbrance,transfer,or sale,or contracc for any of these •.;,_.-
<br /> � • ' t h i s s e c x i o n s h a 1 1 b e s u b j e c t w t h e resttictions `��.n. .:
<br /> � � ` ' on the Propercy.However.if the Property inc l u des T r ns t o r's r e s i d e n c e, . • ,. :_
<br /> . °' j imposed by federal law(12 C.F.R.591),as applicable.For the purposes of this section,the term"Yroperty"also includes '
<br /> ' ' I any interest to all or any pazt of the Propetty.This covenant shaU run with the Property and shall remain in effect unt�l the t� �a
<br /> ' • � • I Secured Debt is paid in full and this Dced of Tn�st is released. .
<br /> . . .. ! 10.TRANSFER OF AN INTERES°r YN THE GRAIVTOR.If Trustor is an enaty other than a nanual person(such as a '. ;.s..�''
<br /> - co�poration or other organization). Beneficiary may demand immedlate payment if(1)a beneftcial intecesc ia Trusto;is .
<br /> ' � sold or transferred; (2)there is a change in either the identity or number of inembera of a partnerstup;or(3)there is a
<br /> chauge in ownersfup of more than 25 percent of the voiing stock of a corporarion.However.Beneficiary may nat demand .
<br /> � , payment in the above situations if it is prohibited by law as of the date of this Deed of Ttust. .
<br /> 11.ENTITY WARRANfdES AND ItEp1tESENTATIONS.If Trustor is an entity other than a natural person(such as a . �
<br /> , co�pdradon or other arganiiation), Trustor makes to Beneficiary the following warranties and representations which shaU . -
<br /> ' ' be continuing as long as the Secured Debt remains outstanding:
<br /> � � A. Trustor is an entiry which is doly organized and validly existing in the Trustor's state of inwiporation (or :
<br /> organization).Tnutor is in good standing in all states in which Trustor transacts business.Tnutor has th�bl weT
<br /> . • . .�. � and authority to own the Properry and to carry on its business as now being wnducted and. as app'
<br /> gualified to do so in each state in which Trustor operates.
<br /> ' B. The execution, delivery and performance of this DeEd of Trust by Trnstor and the obligation evidenced by the � ,�� .
<br /> ' � �vidence of Debt are within the puwer of Trustor. have been duly authorized, have recelved all necessary �
<br /> � � � governmental approval,and will not violate any�rovision of law,or order of court or govemmental agency. .
<br /> , � � C. Other than disclosed in�vriting Trustor has not changed its name within the last ten years and has not used any
<br />• ' ; oiher trade or fictitious name.Without Heneficiary's prior written consent. Tcustor does not and will not use any
<br /> , • � other name and wiil preserve its existing name.trade names and franchises until the Secured Debt is satisfted.
<br /> ' 12.PROPERTY CONDITION. ALTERATTONS AND INSI'ECTION. Trustor will keep the Property in good wndition �
<br /> . and make all repairs that arc reasonably necessary.Trustor will give Beneficiary prorr�pt notice of any loss or damage to
<br /> thc Property. Trustor will kcep the Property free of noxious weeds and r,rasses.Trusror will not initiatc,join in or consent
<br /> - to any cha,�ge in any private restrictive covenant, zoning ordinance or other public or private restriction limiting or
<br /> � defining che uses wh:::h may be madc of the Property ar any part af the Propeny, without Beneficiary's prior wtitten .
<br /> • wnsent. Trustor will notify Br.meficiary of all demands, procecdings, cl�ims, and actions against Trnstor or any other
<br /> � o�vnet made under law or regulation re�arding use,ownership and occ:upancy of the Property.Trustot will comply with all
<br /> � ' legal requirements and restrictions, whether public or private,with respect to the use of the Property.Trustor also agrees
<br /> that the nature of the occupancy and use will not chan�;e without Beneficiary's prior written consent. •
<br /> Nn portion of the Pmperty �vill be removed,demolished or materi�lly altered without Beneficiary's prior written wnsent �
<br /> cxcept that Trustor has the right to remove items af persona] propeny comprising a part of the Property that flecome worn
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