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<br /> �� J7-' �.t):���2 �.' -
<br /> � B. All future advances from Lcnder ro Grantor or other future obligdtiuns uf Grantor tu L.c�ndcr under any promisaory • " . •
<br /> note,contract,guaranty,or other evidence of debt executed by Granwr in fa�•or uf Lender executed after this , , ; �t
<br /> Security Instrument whether or not this Securit}• l�trwnent i�specifically referrnrrd. If more than one person ; �
<br /> , signs this Security Instrument,cach Grantor agrees that this Scxurity Instrumrnt��ill secure all futurc advances and , , _
<br /> iuture obligations that are g�en to or incune�+ �y any one��r more Cirantur.��r am• unr nr mc�ir (�rant�r and =__ __
<br /> : othets.All future advances and other future oMigations are srcured hy this Scsurity Instrument cven thottgh all or • i � " _
<br /> part may not yet be advanced.All fumre advances and other future ohligations are secured as if made on the datc � � ,
<br /> . of t}tis Security Instrument.Nothing in this Security Instrument shall coastitute a commitment to makc additional . �� .
<br /> or future l�ans or advances in any amount.Any such commitment ma�t he xgrecd to in a separate wriung. .
<br /> � C. All obligations Grantor owes to Lender.which may later arise,w thr exteni not pruhihiteJ hy law,including,but , • . �
<br /> � not limited to,liabilities for overdrahs relating to any deposit account agreemen[hetween Grantor and Lender. � �-�- -=•—_'--`
<br /> D. All additional sums advanced and expenses incurred by L.ender for inswing,preserving or othenvise protecting "
<br /> the Property and its value and any ather sums advanced and expenses incurred by L.ender under the terms of , `
<br /> � , this Security Instrument. � �
<br /> This Security Instrument will not secure any other det�t if Lender fails to give any required notice of the right of rescission. � '' �� '�' - �
<br /> ' S. PAYMEN'I'S.Grantor agrees that all payments under the Secwed Debt wilt be paid when due and in actordance , . � ,� `
<br /> ' with the terms of the Secured Debt and this Security Instrument. ' '�
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<br /> , 6. WARidANfY OFIITLE.Grantor warrants that Grantor is or wiil be lawfully seized of the estate conveyed by this . .�:.:,•.�.` ° �-•
<br /> Security Instrument and has the right to irrevocably grant,convey, and sell the Property to Trustee. in trust. uith • `���_�
<br /> power of sale.Grantor also warrants that the Property is unencumbered,excc:pt for encumbrances of record. �`"m'""`�""`--
<br /> 7. PRIOR SECLJRI'f1f IIV'fEl2ESTS.With regard to any other mortgage,deed af trttst,security agreement or other lien ' •, ��`�•���
<br /> document that created a prior security interest or encumbrance on the Property,Grantor agrees: � #���•��
<br /> �• _�
<br /> A. To make all paymen��when due and to perform or comply with all covenants. _ •� fi•; -.a=—
<br />�� � B. To promptly deliver to Lender any notices that Grantor receives from the holder. • '� -� `�
<br /> � ., � r'a•:,• E'%� _
<br /> C. Not to allow any modification or extension of,nor to reyuest any future advances under any note or agreement . •.. r�
<br /> `:�''� secured by the lien document without Lender's prior written consent_ - -�`-
<br /> :?`" �
<br /> 8. CLAIlNS AGAINST TIT[.E.Grantor will pa}•all taxes,assessments,liens,encumbrances,lease payments,ground
<br /> ' renu,utilities,and other charges relating to the Property when due. Lender may require Grantor to pravide to Lender . ;y � •
<br /> copies of all notices that such amounts are due and the receipts evidencing Grantur's payment. Grantor will defend .. � :, '•
<br /> , ' title to the Property against any claims that would impair the lien of this Security Instrurnent.Grantor agrees to assign •� � '.4 " -
<br /> , ' to Lender,as requested by Lender,any rights,claims or defenses Grantor may have against parties who supply labor '�~.� ��' �:; : '
<br /> ;.,..r. . ..,��.. .
<br /> � or materials to maintain or improve the Property. �'�+� `:.�:,.
<br /> 9. DUE ON SALE OR ENCIJIMIBRANCE.L.endcr ma ,at iu o tion,declare the entire balance of the Secured Debt to `•`�F� _
<br /> Y P -�r,�•. � , :;
<br /> be immediately due and payable upon the creation of,or contract for the creation of,any lien,encumbrance,transfer ! -� '
<br /> or sale of the Pro e This ri t is sub'ect to the restrictions im osed b federal law(12 C.F.R.591 ,as a licable. ,� �'S �= �
<br /> P T�i'• S� l P Y ) PP '
<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 CONDI170N, ALTERA'[70NS AND INSPECTION.Grantor will keep the Property in good " _' i
<br /> condition and make all repairs that are reasonably necessary. Grantor shall not commit or allow any waste. . �a .�.�.
<br /> -- ' .,,.;.
<br /> . impaiRaent, or deterioration of the Property.Grantor will keep the Property free of noxious wceds and grasses. ,■�"�:
<br /> � •• Grantor agrees that the nature of the occupancy and usc will not substantially change without Lender's prior written --�,�
<br /> - �- consent.Grantor will not permit any changc in any licr.nsc,r��ctrictiv�covenant or easement without Lender's prior - - "�` �
<br /> ^��":.__—.
<br /> written consent.Grantor will notify L.endcr of all demands,proccedings.claims,and actions against Grantor,and of "� ���' '"--"
<br /> any loss or damage to the Property. —°`,��,
<br /> Lender or Lender's agent�s may, at L,ender's option,cnter thc Property at any reasonable time for thc purpose ot �=��-—
<br /> inspecting the Property. Lender shall give Grantor notice at the time of or before an inspection specifying a .�.�`,�,��°..`��%•-
<br /> reasonable purpose for ihe inspection. /�ny inspection of thc Property shall be entirely for Lender's bene�t and �
<br /> � Grantor will in no way rely on l.ender's inspection. �-:;��,_
<br /> .. 11. AUTHORITY TO PERFORM.If Grantor fails to perform any duty o� any of the covenants c�niained in this r'�'s"`
<br /> ': Security instrument,Lender may,without notice.perform or cause them tn be performed.Grantor zppoints L.ende� ��I"-
<br /> • as attomey in fact ta sign Grantor's namc or pay any amount necc�.sary for performance.Lender's right to perform for -R :,,-r.��
<br /> � Grantor shall no1 create an �hligation to perform,and Lender's failure to perform will not preclude C.ender fs�m '`�' '��.�?��c
<br /> � exercising any of Lender's other rights under the law or this Security Instrument.If any construction on the Property is ,�`--P: �`��=,��:
<br /> discontinued or not carried an in a reasonable manner, Lender may take aU steps necessary to protect L.ender's : +'�a`?����'�.
<br /> security interest in tNc Property,including completion of the construction. ._. �_ � .. '
<br /> : "• • xi'ri"I:�•;
<br /> .. . 12. ASSIGNMENT OF LEASES AND RENTS.Grant��r irrevocably srants,conveys and sells to Trustee,in trusl for thc �""�`�'
<br /> T
<br /> , benefit of Lender,as additiona!security all thc right,title and interest in and to any and all existing or future leases, ��_ ��,��_
<br /> � subleases,and any other written or vcrbal agreemrnts for the usc and occupancy of any portion of the Property. �.. : .
<br /> including any extension�,renewals,madifications or subslitutions of such zgreements(all referred to as••l.eases")and :_.�'x�;:��,�;__. .�
<br /> • rents,issues and rofits(all refened to as"Rents'). Grantor will rom 21 rovide L.ender with true and correct = >•... ...,�
<br /> P P P Y P -br;:•:-.
<br /> . copies of all existing and future C.eases.Grantor may a�llect,receive,enjoy and use the Rents.o long as Grantor is not �� '��- ' �
<br /> Tti;i��.
<br /> . in defa�it under the terms of this Security Instrument. _
<br /> �. Grantc-acknowledges that this as�ignment is perfected upon thc recording of this Dee.: of Trust and that Len�er is , i, ,
<br /> � cntitled to n<�tify any vf Grantu;'s tenants to make payment of Rents duc or to bccome duc to l,cnder. However. " ��.;
<br /> l.cnder agrees that ar,iy on default will Lender notify Grantar and Grantor's tcnants and make demand that all futurc '
<br /> � Rents be paid direct y to Lender.On receiving nnticc uf default. Grantor will endorse and deli�•er to Lender any ,� � . �
<br /> ; paymcnt of Rents in Grantor's pocscssion and will rcccivc any Rcnts in trust for L.cndcr and will r.ot comminglc thc
<br /> Rents with any other funds.Any amounts collected will he applied as providcd in this Security Instrument.Grantor � • . . �
<br /> - warcants that rto default exists under the Lt:ases or any applicdhle landlord/tenant la�v.Grantor altio agreet to maintain • � .
<br />� and require any tenant to comply with the terms of thr l.cases and applicdble la�v. . .
<br /> � . 13. 1.EASF.HOI.D5;COIYDOMINIUM3;PLANNF.D UNIT DF.VELOPMENTS. (irantor agrerc to c�mply with thc . .
<br /> . provisions of any Icasc if this Sccurity Instrument is an a Icasrhold. If thc Pruperty inclu�tcti a�unit in a cundominium : . � •
<br /> ur a planned unit development,Grantur will perform aU ��t Grantvr'. �iuti�s undcr thc cuvenants, by-�aws,or ' •
<br /> rcgulations of thc condominium or planned unit dcvclupmcnt. ',
<br /> 14. DEFAULT.Grantor will he in detaull if any party uhlig�ted on thc Secured Dcht f.iils t�>make payment when due. . •
<br /> Grantor will be in dcfault if a hrcach occurs undet ihc terms uf thi��ecurity Intitrument or �iny ��thcr document
<br /> (Pago 2 014) � . _
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