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<br /> .._.�__. .. �..�_. .-.-_.. .. .F .
<br /> �?°' a����� . . ' � � �::
<br /> B. All future advancc�s from Lender to Grantor or other future ubligations uf Grantur w Lcndrr under any promissory , ' ��'
<br /> note,contract,guaranty,or other evidence of drbt executed by Grantur in fa�vr uf L�:�ider executed after this � ; . : '��
<br /> Security Instrument whether or not this Security Instrumrnt is specifically' rrferenced. If more than one person `� —
<br /> signs this Security Instrument,tach Gtantor agre��s that this Security Instrumentµ�ll secure all fuiure adYances and =—
<br /> " future obligations that are given to or incurred by any une or more Grantur.ur any unr or more C,rantor and _
<br /> others.Ail future advances and other future obligations are secured b}'this Sc�curity Instrument even though all or .
<br /> �- part may aot yet be advanced.All future advances and other future abligatiuns are sL�cured as if madc on the date
<br />' of this Security Instrument.Nothing in this Seeurity Instrument shall cc�nstitute a commitment w make aSditiunal _,=`
<br />�. or future loans or advances in any amount.Any such commitmcnt must be agreed w in a separatc wriun�. ,- __ _
<br /> C. Al]obligations Grantor owes to Lender,which may later arise.to the extcnt nut prohibited by law,including.but ,
<br /> not limited to,liabilities for overdtafts relating to any deposit account agreement between Grantor and Ixnder. „ `
<br /> , D. he Prot erty�and avalue and any o er sSUms advanced andeexpensesnn urred by Lende�under the terms of ` ' __ �� ._ .�
<br /> p .�,:. t
<br /> this Security Instrument. - .. __. -,:...°.-
<br /> This Security instrument will not secure any othcr debt if Lender fails to give any reyuired notice of We right of rescission. ,. ,�..,;.�•--`
<br /> ��-�.. _
<br /> 5. PAYMENTS.Grantor agrees that all payments under the Secured Debt wiU be paid when due and in accordance n . , :��
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> 6. WARRANTY OF 7TTLE.Grantor warranis that Grantor is or will be lawfully seized of the e.�state conveyed by this . . :-�"+'�
<br /> ' Security Inscntment and has the right to irrevocably grant,conve}.and sell the Property to Trustee,in tnut,with • ,��_��--
<br /> .� power of sale_Grantor also warrants that the Property is unencumbzre:i,except for encumbrances of record. ' i4�,��""'r ��
<br /> 7, PEUOR SECURITY Q�1'PERESTS•W�th regard to any other mortgage,deed of trust,security agreement or other lien 4 �Q:�_
<br /> document that created a prior security interest or encusrs�+rance on the Property.Grantor agrees: . :_,��,_ ;.1:
<br /> ;' � A. To make all paymenu when due and to perform or comply with all covenants. .__ ,��,���,.�`-:-�-
<br /> • ., • _._'.__' —
<br /> B. To promptly deGver to Lender any notices that Grantor recc:ives from the holder. -� ,, �
<br /> ,� �: C. Not to allow any modification or e�rtensian of,nor to request any future advances under anr note or agreement , .
<br /> •�: ' n document without Lender's prior writtcn consent. , •i��'��•: '
<br /> secured by the lie ound �� _•
<br /> ` ! g, CI,pD4[S AGAINST'I7TLE.Grantor will pay afl taues,assessments, tiens,encumbrances, lease payments,gr .;; .
<br /> ' rents.utilities,and other charges relating to the Property when due.Lender may requirc Grantor to provide to L,ender __ . _.�
<br /> ' copies of all notices that such amounts are due an d t h e r e c e i p u e v i d e n c in g Grantor s pa y ment.Grantor will defend .�;," 'r:A ,
<br /> ! title to the Proper►y against any claims that would impair the lien of this Security Instrument.Grantor agrces to assign ' ;
<br /> — to Lxnd�i.as�aqucsicd by Lender,an3�rights,claim�nr defenses Grantor may have a�ainst parties who supply labor . :�; •_
<br /> � or materials to maintain or improve the I'roperty. �._='._'" < `:�` ;}'' ,
<br /> � ��- ..
<br /> 9. DUE ON SALE OR ENCUMBRANCE.Lender may,at its option,declare the entire balance of the Secured Debt to �-;.'�,,- L 4
<br /> � be immediatcJy due and payable upon the creation of,or contract for the creation of,any lien.encumbrance,transfer , .�.,�,.�:�
<br /> • b federal law(12 C.F.R.591).as applicabte. ,.!$�,
<br /> or sale of the Property.This rip,t►t is subject to the restrictions�mpo�c.d y � #
<br /> This covenant shall run with the Property and shatl remain in effect until the Secured Debt is paid in fuil and this _ . •.j�; .:
<br /> ;,,. � �,�,
<br /> - Security instrument is released.
<br /> 10. PROPERTY CONDI170N, ALTERATIONS AND INSPECTION. Grantor will keep the Property in good -��� :�;k:
<br /> condition and make all repairs that are rcasonably necessary.Grantor shall not commit or allow any waste, M.'.;�.,_;=
<br />� impairment,or deterioration of thc Property.Grantor will kecp thc Property free of noxiaus wecds and grasses. _ �-
<br />� Grantor agrees that the nature of the occupancy an�us�will n�t substantially ehange without[.cnder's prior written �--
<br /> � consent.Grantor wiQ not permit any change in any license,restrictive covenant or easement without Lx:nder's prior _���.�
<br /> written consent.Grantor will notify Lcnder of all dcmands,proccedings,claims,and actions against Granlor,and of =
<br />� any loss or damage to the Property. .;,� . . ==-_`, `'
<br /> Lender or Lender's agents may,at Lendcr's option, enter the Property at any reasonable time for thc purpose of . __.
<br /> � � inspecting the Property. L.ender shall give Grantor notice at the time of ur hefore an inspectian specifying a ;:��"€�'-�,.,'.•�.
<br /> reasonable purpose tor the inspection. Any inspection of the Property shall be entirely for L.ender's bene64 and � .s: .,,� - ,s..�".
<br /> � � Grantor will in no way rely on Lender's inspection. . � �'F��'� �
<br /> .Rr�.
<br /> Il. AUTHORITY TO PERFORM.If Grantor fails to perform any duty or any ot the covenants contained in this �..t;._,�����,,,
<br /> Security Instrument,i.ender may,without noticc:,perform or causc thcm to hc performed.Grante+r appoints Li:nder _ ,-,V
<br /> � as attorney in fact to sign Grantor's•name or pay any amount nea:csary for performance.Le:nder's right to perform tor ��.
<br /> • Grantor shaU not create an oNligation to perform,and Lender'y tailure to perform wi11 not predudc Lcndcr from <'.',u. �-
<br /> ..,_.�.:__u -
<br /> • exerrising any of Lender's other rights under thc law or this Securit}•Instrumcnt.l[any construction on the Property is . :,..,�i Y i:--�
<br /> � discontinued or not carried on in a rcasonable manner. l.ender may takc aU stups necessary do protect L.endcr's '����,i.;,,.�.
<br /> ' s e curity interest in the Pro perty,including completion of the consttuction. �'��.���'�-s�=.'° •.
<br /> _,�:_
<br /> � 12. ASSIGNMENT OF LEASES AND RE1V'['S.Grantor irrevacably grants,convcys xnd scl{s to Trustc�,in trust Por t hc �: _____
<br /> � bene�t of Lr:ndcr,as additional sccurity all ihc right,titic and intcrest in and to any and all cxisting ar futurc leases. - �
<br /> subleases,and any other written or verbal agrecmcnts for the u�e and occupancy of any portion of the Praperty. ____
<br /> including any extensions,renewals,modiGcations or substitutions of such agrecments(all referred to:►s"Li:ases")and � . _
<br />• • rents,issues and profits(all refctred to as"Rent.s").Grantor will promptly provide I..�:nder with truc and correct ,
<br /> copics of all existing and futurc Lcascs.Grantor may collcct.rcccivc,cnjoy and usc thc Rcnts so lung a,Grantor is not
<br /> in default under thc terms of this Security(nsttument.
<br /> � • Grantor acknowledges that this auignmcnt is perfectcd upon thc recording of this Dced of Truxt and that L.�:nder is . _ .
<br /> � entiticd tu notify any of Grantor's tenants ti�makc payment c�f Rents duc or to bccumc due to Lxndcr. Howcver.
<br /> � Lc:nder agrees that only on defnult will Lcsnder nutify Grantur and Gramor's tenantY and make demand ihat all future .
<br /> Rents be paid directly to Lender. Un rcceivinK nutice of delault,Grantor wiU endorsc and deliver to Lender any
<br /> paymcnt c�f Rcnts in Grantc�r's po�.�cssion and�vdl rcccivc any Rents in trust fur Isndcr and will not comminglc thc
<br /> . Rems with any other funds. Any nmounts collecteJ will he ��pplicd �s pruvidrd in this Security Instrumcnt. (iramur _
<br /> - wanants that no default exists undcr the I,cascs or any applicahlc landlord/lrnant law.(;rantor al�u agrcc.w maintain .
<br /> , � and reyuire any tenant to comply with thc tcrms of thc l.ra�c.an�,�pplic.iMr I:►w. .
<br /> 13. LEASEHOLDS:CONDOMINIUMS; PLANNCO UNIT 1)EVEI.OPMF:N7'S.(�rantur agrecti a�comply with the
<br /> . provisions of any Icasc if this Securiry Instrumcnt is un;1 lra.rh��IJ. If thc Proprrty inclucic�:i unit in a cunJc�minium
<br />. ur a planncd unit dcvrlopment. Grantcrr wil) prrfurm aU of l�r.intor'�dutics undrr thr cuvrnanl.. hy-lawti. ur
<br /> regulatiuns iif the cunduminium ur pinnned unit developmrnt. ..
<br /> � ' 14. DF.FAULT.(;rant��r will bc m Jcfault if any party��hliRatcd on thc Srcurcd Dcht f.�il�I��m:+kc paymrnt whcn dur. , _
<br /> ' (:rantur will hc in drfault if a hrcach �►ccun undcr the tcrm�ot thi� tirrurily Imtrumcnt ur .�n}'��thcr �ucum�nt . . —
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