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<br /> (d) Cirontor has tho rlpht end le duly authorized fo execute ancl pertnrm Itn L�fli�atlone under thlo Deed ot Truat and these actlone do n�E+�nd ,
<br /> ohell not cqn(Ilot v,ith the provlelona ot nny atntuto, redul�tinn,ordlrmnna. n�lro�}It�w,contrRCt or othor a�reement whlch may be bindinq on _
<br /> •� dflfllOfA100yt1rt1�; { �- 4s�-
<br /> � (�) Na rotlon or proceedinp is ar ehall bo pendinp or thraatonnel�vhlah miqht mptndnlly eHoct tho Proporty;nnd �_
<br /> � (f) pr�ntor hts not vlolated and ehall not vlolate nny att�tutu, r�►puliAlun,orAln�nce,rule of Inw,contract or other agrenmsnt pnciudlnp,but not � '
<br /> Ilmlted to,thnse po��rning Has�rdoue Materlals)whioh mlqht mnteritdh'aftc+m the Propeny or Lender'a dphto or intarest in the Property pureuent �
<br /> ' to thl�Q��d ol Truet. ' ' �
<br /> 3. PRIOR DEEDS OF TRUST. arantor repreaontn and warrante th flt Ihnrn am na prlar deede ot truet aNecting nny psrt ot tha Nrop�rty oxcept ae s�t � .
<br /> � torth on Schedule 0 etteched to thle Deed of Tn�ct,whlch f3rnntar epreea ta p�y and perform In a tlmely manner. ff thers are any prior d�ede of truat
<br /> � thcn Qr.ntor aprcca tu pay CII arnount�osrod,�nd(�erf�rm all nbltfletinnt�mqufrnd,under suah deeds ot trust and 1hR Indebtedn0ss securod thsnby
<br /> � tnd furth�r apn�s th�t a dlfnult undtr any prlor de�d of truct shall�e�detault under thle Deetl of Trust antl ahslt entitle Lender to all riphte and
<br /> � remedl�a conta�a�d h�reln or In the Qbtiyetlons to whlch Lender waultl be mtitled In the event o}eny other dofauit.
<br /> 4. TR�N8FER5 OF THE PROPERTY OR BENEFICIf�INY�RI:64$IM E�'Rl070AS OR 80RRQWCRB. In the event ot a eat�,canwyance,leat�,
<br /> co�traot tor deed nr trenater to any pereon ot all or eny part of thn roel prqperty described In Schedule P.,or any Interest thereln,or of�.0�r dny
<br /> bsnsficlal interost In Borrower or Rnntor(it Eorrower or Ornntor i:�npt a ncrhual peraon or persona but is a carporetlon,Ilmited Ilability com��ny,
<br /> paRnerehip,trust,or othet lepal entity�. Lender mny,at Itn option,docfum the outetanding principsl balance of the Obilgations plue accrued Intereat ,
<br /> thanon Imm�dlttely dus and payable. At Lender's requoat,Grnntar or Barrowsr,ae ths case may bo,ohull turnlah a complete statement settlnfl torth „
<br /> aIi of ite etockholds�e,members,or partnere,as appraprinta,anA th n extont ot thelr respeaUvo ownerehip Interesta.
<br /> 6. R�SSI�NMEpT OF RENT3. !n consideretlan of the ObA�ptlant►whltfi nre encured by thin Doed ot Truat,Orantor absolutely assigns to Lender uil „
<br /> l f3rantor'e eatate,ripht,title,Interesl,claim snd demnnd now owned or hnraafter ecquired In all exlstinp and future leases of 4he Praperty pncludinp
<br /> extantlons,renowals and eublBasea),all egrneme�ntn far uF�e end ao�upenay of the Property(all such leasss and agreements whether written or aral,
<br /> I nro hsraft�r roferred to�a the "Le�s�s"),and ail puaranfloa of laasees'poAormance under the Leasos,together w(th the Immedlate and continuing , .y1,t ,��,,'
<br /> right to colleot ena reooiva ell of the rente,lnaome,roael�ta,revonuoi,irnuoa,proflte and other Income of eny nature now or heroatter due pnctuding ^_
<br /> � any Incame of any nature coming dua dudnp eny rodomptlon pe�ind� under the Leases or trom or arislnD out of the Property,Inciuding minimum „ �� •�•• ,,,- _
<br /> rontrs, eddltional renta,perantage renta,parkinp or comman aro�melntenance contributiono,tax and Insurance contribuUons, deflciency rente, �, ,,,�_.-•._�
<br /> i Ilquidated damnpss tollawlnp detauit in any lease, all proaedo payable under any policy of inaurance covering loss oi renta resui8ng from i :�--.._ --
<br /> J untenanta4liity cauaed by dostruction or darnere ta the Property.sll procaeds payable as a result of a leasee's exercise of an optlon to purchase the
<br /> Properry,all proceetls dorived from the terminatian or rejeatinn o4 any Lease In a bankruptcy or othor Insolvency proceedln�,and ell procee�s trcm � ��
<br /> , any righte and clnfrtse of any kind which Grantor may hnvo a�dnct eny leasee under the Leases or any occupants of the Property(all o}ths above are � �,,�.:_.
<br /> hereafter coltecdvely reterrad to as the"Rents`). Thla assignrnnnt is aubject to the ripht,power and euthortly plven to the Lender to collect nnd apply � •1i:�'�`.,�-�
<br /> the Rents. Thia assipnmant la rocardod In accordpnne w12h epplicable state law; the Ilen created by this asslgnment is intended to be spociflc,
<br /> pertected,and choate upon tho recordlnp ot thl9 Reed ot Tnim,all as provided by appilcable atato law as amended from time to time. As long ao 1 --
<br /> thers Is no default under the OR�Ilgatlona or thf9 Oced of Tnict,Lendor qrents(3rnntor a revocable Ilcense to collect all Rents trom the Leases when � ,�� '`.��
<br /> due and to use such proceed� In Orantor's bueln�s9 apomtlone. Howavet, Lender may at any tima requtre Grantor to dapo9k all Rente Into en �
<br /> account maintalned by Grantor or Lendor at L�ndor's in�titubon. Upon defauit In the payment ot,or in the performance of,any of the�bllpatione, ;��� „��T�
<br /> Lander may at its optlon teke possesston of thn Propetty and have,hold,manege,lease and operete the Property on terma and for a perlod of time „, .;e;y;
<br /> that Lender deems proper. Lender mey prac.�ecl to coliect and receive ali Renta from the property,and Lender ehall have full power to make ;j��:I,rr
<br /> �, elteratlons,renovallons,r�palrs or roplacemonta to the Property as Lender may deem proper. L.ender may apply all Rents in Lena�er's sots dlscrotlon '•.�t�;{
<br /> to payment of the Obilgations or to tha puyment ot the cost of auch alteretlona,ranovationo,repaira and replacemente and any expenses incldent to + �
<br /> taklnD and retelninp possesslon of the Proparty peflodically end the manapement and oporatlon of the Propertyr. Lender may keep the Property
<br /> ' prqperly insured and mny discharpe any taxes,charges,cldme, assessmente and other Iiens whlch may accrue. The expense and cost of theae
<br /> aotlono may be paid from the Rente received,and any unpald nmaunte shall ba added to the princlpal of the Ohligatione. Thess amounts,together
<br /> _ __ _ ��r�erynr msta,ahall become loart ot the ObllaeUons Bccured by this Deed of Trust. ��� ,�
<br /> � 0. LEASE3 AHD OTHER AtiREEMHNTS. Grantor shall not take or fail to Mka any act:on whlch may cause or permrc the tarmination or ifio _,
<br /> wlthholdinp of any paymont In connection with any Lease pertelnine to the Propariyr. In additlon,Grantor,without Lender's prior written consent,8hd11 `��� ',� '
<br /> � no� (e)colleot any monies payable under any Lease more thnn one month In advance; @)modity any Lease; (o�asslgn or allow�Iten,sscurity �
<br /> � '�S InteroM or other encumbranco to be piaced upon�rantor's rights,UNe and Intereat in and to any Lease or the amounts payable 4hereunder;or(d)
<br /> terminate or cancel sny Lease except for the nonpaymont�f any sum or other material breach by the other party thereto. H Orantor receives at nny ,�
<br /> forward e copy of such communl�caati n���and any subseq ent communicat ons relating theret)to Lenderr All e�uch Leasse and he amoun�duetto +
<br /> • Cirantor fiereunder ere hereby nsslgned to Londer ae ndditlonal aecurity tor the ObIlgallone. r '
<br /> � 7. COLLECTION OF INDEBT�DNESS FROM 7HIRD PARTY. Lender shail be entitled to notliy or require Orantor to notify any third party pnciuding, .�
<br /> ' but not Ilmited to,iessees,Ilcensees, eovemmontal authorlUes and Insurance companles)to pay Lender any Indebtedneae or obllpation owinp to � ' ;%
<br /> .s drantor with roapect to the Praperty(cumulatively`Indebtednesa")whether or not a defauit exista under thia Deed of Truat. f3rantor shell dillyenUy
<br /> colleot the Indebtedness owing to�rantor from thess thlyd panles untll the plvinp of such notlflcaUon. In the event that Cirantor poss�assa or recelvea
<br /> , poasaaslon of eny instruments or other remittnncea with respeot to the Indebtedness following tha giving of such nottflcatton or tt the tnaVwnenta or ��
<br /> other remittdncea conetitute the prepayment ot any Indebtedness ar tho payment of any Insurance or condemnation proceetle, arnntor ehall hold
<br /> such Inatruments and other romitt�nces In trust for Lsndsr apart from Its otner property,endorss the Instruments end other romittances to Lsnd�r, °���
<br /> � and Immsdiatety provlde Lender with poasesslon of the inatruments and other remittnnces. Lender ehall be errtitled,but not requlrW,to collect(by ;�
<br /> legel proceedings or othenvlae),extend the Ume tor payment,compromloe,exchange ar releass Any obllgor or collaterel,or olhenviss eettle any of —_
<br /> the Indebtedness whether or not en Ewent ot Detault existe under this Deed of Trust. Lender ehnll not be Ilable to Grantor for any aCUon,ertor, ��:���
<br /> " �� mistaks,omisslon ar delay portalning to the aations described In thle peragraph or any damayea resulUnB therefrom. Notwithstanding th�toregoing, ,,,��
<br /> . q, nathinp heroln ehall Cause Lender to be deemed a mortga9ee�impossesslon. _-- __--
<br /> � .. S. USE AND MAIHTHNANCE OF PROPERTY. Grantor shell take all action9 and makm any repaire noeded to maintaln the Property In pood ��
<br /> condition. f3rantor ehall not commit ar permit any waste to be commifted wHh respeot to the Property. Grsntor shall use the Properiy sotely In -
<br /> � complienoo wHh applicable Isw and Insuranco pollcies. Grantar ahall not make any alterations,addRtons or Improvemenb to the Property�vithaut �;��_�
<br /> � Lender'e prlor written consent. Without Ilmfting the torogoing,all elroratiena,addlUons and improvemonts made to the Property shall be subJeot to ���;;�
<br /> the benoticlai Intersat belonging to Lendor,shall nat be romoved without Lender's pdor written consent,and ehall be made at Qrantor's sote�xpsnss. �:r�����
<br /> ' 9. LOSS OR DAMA�E �rantor ohall bear the entire dsk ot eny toss,theft,destmotion or damage(eumulatively"Loss or Damage')to the Property ar %''���'�����
<br /> � � any portlon thereaf from any cauae whatsoever, In tha everrt of eny Loes ot Damage,qrantor ahail,at the optlon ot Lender,repalr ffie affectsd �.-.T� _
<br /> � Property to ita prevlous canditlon or pay or cause to be pald to Lender the decroane In the felr market value of the aNected Property. -
<br /> � 10. INS13Al1HCE. The Property will bo kept Insurod for ite fuU fneurnbie value (replacement cost)agalnst all hezards Inctudinp loas or damage -.`�'�u��•�..=:
<br /> caused by flood,aarthquake,tornado and ilre,theft or other cesualty to the extent requlred by Lender. Cirantnr may obtnin inaurance on the Property • '���,•_•�,,�'�
<br /> trom suc h companles as e accap ta b le to Len dor In i t e s o l e d i s c r e t i o n. T h e I n s u r a n c o p o l l c l e s s h a l l r e q u l r e t h e I n a u r a nce com pan y to provide � �z; �" ::.�{.°�r'
<br /> • lsnder with at least— � dnys'written noUce b elore such policiea are altered or cancelled In any manner. The Insurence pollcies ehall
<br /> - ' name Lender as a Ioas payee and provide that no act or omission of araMOr or sny otnnr person ohall aNect the right of Lender to be pald the ; � _
<br /> ' Insurence prooeede pertnlning to the lass or dartiage of tho Property. In the event�rantor tails to acqulre or matntaln inaurance, Lender(etter ' . .
<br /> providing notice as may be required by Iaw)may In Ita discretlon procure appropriate Insurence coverege upon the Praperty and tho Insurance cost .• ;,.,,;, .
<br />- shnil be en advance payable and bearing Interoat as describe�In Paragreph 23 and securod hereby. Grantar ahell fumiah Lender wkh evldence of ,.,��
<br /> Insurance Indlcatiny tho requtred coverape. Lender may act a�adorneyIn•fact for�rantor In makinp and se111infl daims under Inaurenco policies. • �t�,: ,,
<br /> cancellinp any poticy or endorsing Gtantor's name on any dratt or negotlabte Inatrument drawn by any Insurer. Ali such insurance policles ahall be „
<br /> - immodiatoly assfgned,piedpod and dellvered to Lender ae further eeeurity tor the ObIlgaUona. In the event of losa,Orantor ahalllmmediately gtve
<br /> Lendor writton notico and Londor Is nuthorized to meke proof ot loss. Each Inaurance eompany Is dlrocted to meke paymenta dlrectly to Lander
<br /> � Instead of to Lendor and Orantor. Londor ahail hnve ti�o right,at Ite sola option,to apPly such monies toward the Ubligations or toward the cost of ,
<br /> rebulldlnp and reotoring the Proporty. My emounte may at Lendor's option bo epplled In tho Inverse order of the due dates thereof. , .
<br /> 11. ZOH�NCa AHiD PRIVATE Ctl11ENANTS. Grantor shall not Initiato or conaent to any chnngo In the xaninp provislona or private covenante aNecting
<br /> tho use ot the Property without Londor'o prior wrltten consent. If Orantor's uso of tho Property Is or bocomes a noncontorming use under any zoning
<br /> - provlsion,arantor ahnll not cnuse or permlt auch uss to bo dleoontinuod or abundonod wfthout tho prior written consont of Lender. Orantor wl�l
<br /> Immedleteiy provtde Lender with writton notico of any proponed ahangoa to tho roning provlsionn or privato covennnte aftecting the Property.
<br /> -._. . .._ .._ ._ �....��....��..... ..__�....�..0�......�im.�..nmuldo I undnr witN wdtt00 IIOtICO 0}fit1Y IIOtUQI tlf Sh(OII1008d COtId8t17flt1t�0f1 Of @n'1i�0�t d0f11II�0 �
<br /> 1.,
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<br /> - procoCding pertalnlnfl to the Proporty. �1�monies pa�ahlo ta Grantar from auah condamnnUon or takinp aro horony assipnod io wnuor m�a o��a��..Q � �-- ,
<br /> appiled firat to the payment of Lendor's attomeys' fees, lo0al expenaea and othor costs (includlnp appralsal fees) in connoction witli the i
<br /> condemnatfon or eminent domaln proceedinge and then,at tho opUan ot Lender,to tho paymont of tho Obiipottonn or tho restorntlon or rcpnir of tho 1
<br /> Property. I .
<br /> 13. LHNDER'S RItiHT TO COMMENCE OR DEFENO LEOAL ACTION8. Grnntor ahall Immodlatoly provido Londer wlth written notice of any a�tuai
<br /> or threste�ed aatlon,suit,�r othor proceedin8 affealn8 the Proporry. Orantor hereby appolnts Londer ne Im attornoy�in•fact ta commence,intervene �
<br /> In,and defend such actione,aults,or other legal proceodinga nnd to compromise or senio any clofm or controversy portalnfng thereto. Lendsr shall
<br /> not be Ilable to Grantor tor riny acHon,error,mistnke,omlaston or delay pertalning to tho acUons doscribed In this paragraph or any damagea
<br /> resuiting therelrom. Nothing contalned hereln wiil prevent Lender irom taking the acUone describad In thla paragraph In Ite own name.
<br /> ; 14. �NDEiY�NIFiCAT10N. L.ender ehull not assume or be rosponslbta for the periormance of any of Grentor's obllgatlons with reapeot to the Property
<br /> under nny circumstancea. Grantor ahall Immedlateiy provlde Lender with written notiCe of and indemnlfy nnd hold Lender and Ita ehareholdero.
<br /> - ' direotore,officers,employoes and agents hnrmlesa from all ctaims, damagea,IIabIllties pneluc�Ing atiarnoys'fees and lagal expenses►.causea of
<br /> ; actlon,acttons,sults and other legei procoedinga(cumulatively 'daima') pertalning to the Proparty pnciuding,but not ilmited to,those InvalvfnQ
<br /> Hazardous Matorlala). Grantor,upon the request of Lendor,shnll hlre Iegul counsol to defend Lender Nom auch Clalma,and sy the attorne}re'tees. � .
<br /> I iepel expensoe and other costs Incurred in Canneotion thoro�vith. In tho alternativo,Lender ahall bo entitied to employ Ite own Pepal couneel fo defend �
<br /> such Cielma at Cirantor's cost. (irantor's obllgatlon to Indomnlfy Lendor under thin peragraph ahali survivo the terminetfon,rolease or toreclosure ot �
<br /> tNis Daed of Trust. � �
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<br /> LFNE6�t8 ?� Fom+AUOnTeehnotop�aa.�ne IttiBi0U) IBOOIOJ7.�7B9 Pnge7v16� ; .
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