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<br /> , { B. All future advances from B�eficiary w Tmstor or other future obligations of�Trustor w Benefcciary un any . . '
<br /> . � promissory note,contiact, guatanry.or oiher evidence of debt exisring now or execwed after this Deed of Trust
<br /> . � . � whecher or noi this Deed of Tn�st is specifically referred to in the evidence of debt. - � �
<br /> � - : � C. All obligations Tmstor owes to Beneficiary, which now exist or may later arise, to the extent not prohibited by _ ;� :
<br /> " ` ° ` � law, including, but not limited to, liabilities for overdrafts relating to any deposit ac�ount agrcement between .. ` ` �. �`<
<br /> TIUSLO!3�BCIIC�tClBTy. �U.c
<br /> -- —� B. Rlt�Clitioas!stuns adYanr,e�2nA��naises incurred hy BeneficiarS+for insuring,Preserving or otherwise protecting
<br /> �� the Pmperty and its value aad a�y other sums advanced and expee�sses inamed isy Beneficiary under the terms of
<br /> t �"`41 this Deed oi Tnut. Dlus interest at the highest rate in effect.from time to time, as provided ia the Evidence of L --
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<br /> 4 : _. --�• �� E. Tivstor's performance under the terms of any instrument evid�cing a debt hy Tn�stor to Benefcciary and any Deed _ —
<br /> , ---, --= of Trusc securing,guardatying,or atherwise re}uing Lo the deb� =s—_-.-�-_-.-_
<br /> • If rnore than oae peison signs this Deed of Tmst as Trnstor.each 1Yustor agrees that this Aeed of Tnut wIU secure a11 `. ; � -
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<br /> ` fumie advaaces and future obfigations descdbed a6ove that are given to or incutred by any one or more Tmstor,or any . �,' .-:.;' ':
<br />- , one or more Trpstor aad othas.'Ii�is Deed of Tmst will not secure any otuer debt if Beneficiary fa�s,arith respect w suth <_ �..� .,: .
<br /> z: : . ' ` . ;. othct debt,to make any required disclosore about this Deed of Tn�st or if Beneficiary fai�s ta give any reqniTed notice of - �. ...�,,.--=,<<:.
<br /> s .. . . the right of rescission. ��`', `
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<br /> 5. PA�iA�N'I�.TnuWr agrees w malce a11 payments on the Sec�ued Debt when dne and in accoidance arith the term5 of the ..�;:„ ..:
<br /> Evide�ce of Debt or this Dced of Trust. -.- •.`�°�
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<br /> � 6. WAIiRANTY OF�Tl'I.E.Trnstor covenants that Trastor is lawfully seized of the estate conveyed by this Deed of Tmst . . ��� °` '_
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<br />;� and has the right w irrevocably grant,convey and sell to Tnutee, in uust,with power of sale,tiie Propercy and waziarrts . _�_
<br /> xx � , - that the Property is uae�cumbered,c�cept for encumbraaces of record. , . ";
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<br /> - ' , s" 7. CLE►IlV1S AGAINST TITLE.Trustor wili pay all taacs.assessments.liens,encumbrances,lease payments,ground r�nts• ' `�' _``-.�•
<br />;; ' . - utilities.and other charges relating to the Properry when due.BeneBciary may require Tmswr to pravide to Eeneficiar� . . --
<br />_ • copies of aU notices that such amounts are dae and the receipts evideucing Tmstor's payment.Tmstor will defend tifle w '� ` _-_--
<br /> ' • the Property against aay claims Wat would impair the lien of this Deed of Tmst.Tms:or agrees to assign w Beneficiary,as . ,:•. _::
<br /> requested by BeneSciary, any rights, claims or defenses wluch Tnutor may have againsc parties who supply labor or `.�..�,;-_�_
<br />- . ' _ matesiaLs to improve or maintain the Property. � '=�.--=a-..
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<br /> S. PRIOR SECURITY INTERE.�i'S.With regard w any other mortgage,deed of uvst, s�urity agrcement or ather lien =
<br /> .. docuu�eni that created a prior security interest os encumbrance on the Property and that may have priority avcr this Deed ` °�`•��'�
<br /> _ of Trust,T:nstor agcees: a; � ;=�a
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<br /> ` . A. To make all payuaents when due and to perform or comply with all wvenanu. . --
<br /> �� B. To prompdy deliver to Beaeficiary any notices that Trustor�eceives from the holder. . • ��^
<br /> � • � C. Not to make or pernrit any modificauon or extension of.and not to request or accept any fuwre advanses uader any ��i; `�,-,�;.:.
<br /> • ' note or agreement secured by,the other mongage,deed of m�.st or security agreement unless B�neficiary consents ''��;�.
<br /> r ' , , ln writing. . .. . ..•�t.:�:st�r l
<br /> ' � - 9. DUE ON SALE OR ENCiJ1VIBRANCE.Beneficiary may,at its option,declare the emire balance of the Secured Debt to �; :;.#�;."
<br /> ' be immediately due and payable upon the creation of any lien,encumbrance,transfer,or sale,or contract for any of these � ,. .��.
<br /> � on the Property. However. if the Property includes Tnutor's resldence,this ser,tlon shall be subject to the restrictions �';�� :_,, .;.
<br /> � imposed by federal law(12 C.F.R.591),as appllcabte.Por the purposes of this section>the term"Property"also inclndes . •....';�_�
<br /> : � � , any interest to all or any part of the Praperty.This wvenant shall run with the Property and shall remain in effe�t until the . '' "'__
<br /> � Secured Debt is paid in f»ll and this Deed of Trust is released. .. ' ;'�
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<br /> ' ' 10.TRANSFER UF AN II�TEREST IlV THE GRANTOR. If Trustor is an entiry other than a nanual person(such as a . .`�.,.,�
<br /> wrporation or other organlzation). Beaeficiary may demand immediate payment if(1) a beneficial interest in Trustor is :
<br /> • sold or uansferred; (2)thete is a change in either the identity or number of inembe�s of a parmesship;or(3)therc is a .
<br /> � � �� change in ownership of more than ZS percenc of the voting stock of a corporatioa However,Beneficiary may not demand
<br /> �� . payment in the above situations if it is prohibited by law as of the date of this Deed of Trust. ; .
<br /> . . ll.ENTITY WA�RnAN1'I�S AND ItEPRESENTATIONS. If Tn�stor is an entity other than a natural person(such as a �
<br /> ;`" '. � • .. corporation or other organization),Trustor makes to Beneflciary the followin�wananties and representations which ahaU _ , '
<br /> be continuing as long as the Secured Debt remains outstanding:
<br /> � A. Trustor is an entity which is duly organized and validly existing in the Trnstor's state of incorporation (or � . . • .
<br /> organizadon).Trustor is in good standing in all states in wlrich Trustor transacts business.Trustor has the power i�� , •
<br /> .� , and authority to own the Property and to carry on iu business as now being coaducted and, as applicable, is : '� ..
<br /> • qualified to do so in each state in which Trustor operates. � . ._� •
<br /> ' B. The execution, delivery and performance of this Dced of Tmst by Tnistor and the obligation evidenced by the �
<br /> ' Evidence of Debt are within the power of Trustor. have been duly authorized, have received all necessary
<br /> govemmental approval,and will not violate any provision of law.or ordcr of wurt or govemmental agency. ; •
<br /> C. Other than disclosed in writing Trustor has not changed its name within the last ten yeazs and has not used any
<br /> other trade or fictitious name. Without Beneficiary's prior written wnsent. Trustor does not and will not use any •
<br /> • other name and will preserve its existing name.trade names and franchises until the Secured Debt is satisfied. . �
<br /> � � 1Z.PROPERTY CONDITION, AL7'ERATIONS AND INSPECTION. Trustor will keep the Property in �ood condition • � .
<br /> � ' � and make all reQairs that aze reasonably necessary.Trustor will give Beneficiary prompt notice of any loss or damage to . .
<br /> ' the Property.Trustor will kcep the Property free of noxiaus wceds and grasses.Trustor will not initiate,join in or consent •
<br /> to any changc in any private restricKive covenant, zoning ordinance or other public or private restriction limiting or ,
<br /> � defining the usa which may be made of the Property or any part o£the Pmperty. without Beneficiary's prior written .
<br /> . • � consent. Trustor will notify Beneficiary of all demands, proceedings. claims. and actions against Trustor or any othet , � .
<br /> owner made under law or regulation regazding use,ownership and occupancy of the Property.Trustor will comply with al1 j
<br /> � • ; legal requirements and restrictions.whether public or private,with respect ta the use of the Property.Trustar also agrees � • �
<br /> —�`; � that the namre of the occupancy and use wiU not change without EeneCiciary'3 ptiur wcitten wnsent. k
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<br /> � , No portion of the Propeny wiil be removed, demolished or materially altered without Beneficiary's prior written consent , �
<br /> except that Trustor has the right to remove items of personal propeny comprising a part of the Property that become wom
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<br /> � - . ♦C 1993'Bantcrs Svstemt,�nc,St Ci�ud.�dN�� 600 397 234U Fn.m a3;C0 DT NE 1030i97 1 � �
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