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<br /> , 1s. ?AkEB AND AB8E69MENT8. tirentor shall pay RII tucee and e�sassmente rolatinp ta the Property when due nnd immedl�taly provld�Undtr
<br /> ovidena of payment ol ss�me. Upon ttia rcquest ol Lender, Ornntor ehall dep�olt w{th 1.6nder eacP�month ond•tw�iflh(1/12)af Ih��11lm�t�d�nnu�l
<br /> Incurenao promlum, tareo and ncaecamente pertAlnin�to the Property. 3o ionfl es there Is no d�'aul�,thete amounte�half be ap�llod to th�p�ymont
<br /> ot tex�e,neeesameRt�md Insuranco ne requlred an tho Prop�rty. In the�vent of d�tault,Lender ehtll P�ave the rlphL mt ito cala opUon,to npply the
<br /> tunde so hald to pdy eny taxes or ayulnnt the Obllpatian9. My fundn applled may,et Lender'e opUon,he epplled In reverso ardor o4 th�du�d�ts -
<br /> theroot. .
<br /> 9@. IIfBPECYION OF R#iQFE6i7Y, BOOKS, Ii�C0RD9!!HD REPURTt3. Arantor eh�Ii allow Londar or ite ap�nU ta examine end Inep�ct th�
<br /> Property and ex�min�,Innpeat and make co�lea of Qrantor'e booke and records p�rYalning ta the Piop�ny from time to tlme.Orentor ehall provlde
<br /> eny asaltttnc�nqulnd by Under tor th�ss purpos�t. A!I of th�alpnatune and Informstion�onttinod In Ornntor'� booke md rucord� th�ll b� „
<br /> genulne, true. nxu�ete and complete In ell reapeots. (irantor eh�ll note the sxlt+tence ot Lend�r's bnsficlal int�reat In IU bocko�nd ncord� ,
<br /> portninlnp to tF!o Property. Additlonnily,Gr9ntor ahall report,In a torm satiafaCtory to Lender,aueh Ir�tormailon es L�nder mwy tlqutat repudlnp ,,
<br /> Qrantor'e linand�l condition or th�Pro�trty, Ths Infommtton shall b�tor such prrloqa,shtll refl�a araritot e recorda ot auch 91mo, and �holl bo
<br /> ' rendeied wlth euch fr�quenay ns Lsnder may d�sipnat�. All Inlormttlon turnlshed by Orcntor to Under ehall be true,sccu�at�and comptat�In tll
<br /> respecta,and alflned by�rnntor It Lender requeute. "
<br /> 17. E'�TOPPEL CEtiTIF1�ATE9. Withln ten (10)daya efter any raquest by Lender,t3rentor ehall defiver to lender,er�ny Intend�d tnnsf�n�of
<br /> lnnd�r's riphts wlth respec!to the Obtigations,a alpnod end ecknowl�dped stetement speclfyinp (a)Ihe�autstanding b�lana an the Obllpttloni;and
<br /> (b)whoth�r Qrentor possesasa nny clalmo,defenseo, set-0ffe or eountorcialme wlth respect to the Oblipt0ons and if so,the n�tun of�uch cialms,
<br /> dsfenses,set-oHs or oounterclaims. Grantor K�ill be cflnclualvaly bound by nny repreaentation that lender may make to the inlended tranafere�wlth
<br /> respect to these mentlera In the event thAt(3rnntor falis to prpvide the requestet!etatement In n time�y mnnner.
<br /> 18, �HTS OP DEFAULT. An Evant of O;,tnult�halt occur under thls Deed of Truat end the Trustee's power ahall become operativa In tha ovant that ,
<br /> � Qrantor,Bortower o r any eutrsntor of tho Oblipe�tlons: .:•r.� ..
<br /> (a) falis to pny eny C3bllgstlon to Londer when due; 'n,S;ti�,_
<br /> (6) falls to perform any Obligatlon or broechos any warranty or covonant to Lender containod In 1F�fs Deetl of Truet or any other presen4 or futuro 4
<br /> .�i°�
<br /> agroement; •�::'--.� --
<br /> (o) dostroys,loses or damapes the Property In any material respect or subJeats Me F'roperry ta seizuro,conNscation,or condamna4lon; „ :,—��_
<br /> � (a) seeks co r�voke.termin:iin oi uth�inaisi�IIP+tit IY Ilabiflty urtdet r.ny 0u�renly to Len�er, - - -- `-a?��:-'_r=-.--.
<br /> (e) dlos, becorn�s leyalty fncompetent,Is dissolved or terminated,becomea insolvent,m�kes an aul��ment tor ths bsrnfit of credltore,tails to ;. •r�-���
<br /> pay debts as th�y bswm�dus,tites n prtlUon under the fedsral bankn,ptcy I�wa,has an Involuntnry petition in bankruptayfilad In wAlch(irantor, r��
<br /> Borcowe►or eny puntentor ia nnmed,or has proparrytaken under any wr8 or procesa ot court; ,__
<br /> � " (f) sltowa yoodeto W ussd,trannported or storod on the Propirty,tht pssssession,tsansportstion, a use of whlch,is illegd; ______
<br /> ' (fl) aliawa eny puty other than Qrantor or Bortowerto assume or undeRake any Qbllyation without the wrHten canFSnt of Lender;ar • �-�—=
<br /> , bme�ll`vossthat he pr spect of paymen4 or perfarmanoe Ia ImpaireA ecline in the value of tho Proporty;or if Lender, in pood taith,for any reason,
<br /> .�.�
<br /> 19. RiaNTii OF LEND�R ON EVENT QIF aEPAULL Upon the occurronce of an Event of Doieutt und�r this Deed oi Truat,Lendor shntl be entitlsd to ; s
<br /> exercise ona or moreof the faiiowing remedles without notice or demand(axcept as requtred by law): —
<br /> (a) to deciare the Obu�atlons Immediately due and psyabls in fuil,such acceterntlon shell be eutomnUo and immedlats if the Event of Default Is
<br /> � atilingundertheBae�kruptcyCods; •
<br /> , (b) to collect Me outatanding Oblipatione with or w(thout r�sarling to Judicial process; -�i�
<br /> (c) ta requlre (3rrentor to dellver and make avallablo to Lender any personal property or Chattels�onstituting the Prope►ty at a place roasonabiy � "
<br /> � ' convanientto Cirontorand Lender, ;,�:� �
<br /> +�• (�) to entor upon nnd take possesalon of the Property wiihout applylnp for or obtaining the e�potntment o}a receiv�r and,st Lender's option,to
<br /> � appolnt a ncstvtt wttholt bond,without firet brinp!ng suit on Ne ObIlgaUans and wtthout othenvis�meetlng any statu:ory conditlons rs8udln0
<br /> -'- �`-'; roCeivers,ii ueiny iniended in6i i.oFw'vi 6i�5ii hnvo L�o ZLi�taL";,'o!i3$F:2C:,IIp3n!s f�k��t;
<br /> � (e) to employ e manapinp ayent ot the Property and let the eame,elther In Trustee's own narne,In the name of Lendsr or In the nnme of
<br /> , ° Qrantor, and�coelve ths renta,incomes,issues and profits of the Proporty and appiy the sema,eRer payment of all neaeuary charpes and
<br /> � ' � expenses,on a000unt of the Obligadans;
<br /> ,•,, • ' (� to pa�y any sums in rny form or manner deemed sxp�dtent by Lender to prot�ct the securiy o�Ws De�d of Trust or to cure any da?ault oth�r
<br /> r; , then paymmt af lnt�nst or principal on the Obllgation�;
<br /> (g) to foreclose this Oesd of Truat�udicially or nonjudlolally and to diract the sale of the prope�y throuph exsrclse of the power of eale aa
<br /> ' . � , reteroneed In paraprnph 20,heroln,in accordanco with applioabl�law;
<br /> � (h)to eet-0ft Gr�ntor'o Oblly�Uona agninst any nmounte owsd firnntor by Lender Incl�ding, but not Ilmited to,moniea, inatrumente,nnd depoatt �:
<br /> � ''� aocounts mUnhinad wlth L�ntlsr or any curnntly exlsUng or tuturs aftlliat�ot I.�nd�r;and
<br /> �
<br /> ��+ p)to�xsrdl�aJlother rlyhte avnilable to Lender under any other written agrsement or appliCabte law.
<br /> ��- l�encler'e dphts ve cumule�Uvs nnd may bs sxsrcised top�ther,separatsly,and In any order. In the went that Lender Institutea�n ectlon e�ekin0 _
<br /> �• rl: the reoovsry of any of ths Propsrty by way of e pra�udement remedy In an actton apainat Grantor. Ornntor waivea the postlne ot eny bond which ° - ---
<br /> mlaht olh�nvise bs roqulred. Lender or l.ender's design�o may purchase the Property at any saU. Procsoda ef any Tmctee's eale hnreund�r -
<br />- ' sh�ll bo npplied flrst,to the costs and expenses of exerdsinp the power ot sete and of the etts,Inctuding the payment of 1he Troatse's tses _
<br /> • aotunl{y incur�ed nnd not to excaed the emount whlch may be providad for in this Desd of Trun,second,to paymsnt of the OblipaUOna aecured �•� -
<br /> hereby thlyd, to the payment of Junlor trust desdt,mortpag�9,or other Ii�nho!d�ro, and th�balu�ce,it any,to the pason or peraone lep�lly
<br /> entltied th�retc,The Propsrty or any part th�reof may W sc�ld In on�parcel,or In such parcelo,rn�nnsr or order ae LenE�r In Its eole dlaonUon __
<br /> � . mey elect,ind on�ur moro�xsrciss9 c+t the power henln 8ronted shall not sxtinpulsh or exh�uat the power unleas the endre Property la eald or --
<br /> ' the obliaaUans me pald U tu11. ----
<br />- , 20. TBUSTEE'8 E7QRCI8H CF POWEp OF SALE ON DHFAUL.T.Upon dsfeult by Borrownr In peym ent of wy Ob118eUons aecured hereby,Lender =..�:
<br />" may dscters dl eum�,securod herety,immedistely due and pay�bls and shali cause to be tiled of recad a wr(tten notice ofdsiwit and st�ctton to -----
<br /> � seit th�Prop�rly. Aflor tho lapse of such tims as thon may bs nquired by law followinb ncordtlion of such notic�of dslwtt,�nd notice of eale �` :.
<br /> havin0 beon piven ne fhen requlred by Inw,Trustee,without demend on Qrantor,shali ssll such Property,elther sa a whale or N sepvate puaia,end �.:,- ---
<br /> In such ord�r Qe it a Lendsr may determine,at pubilo nuctlon to the hlyheat biddsr. Truatee may postpnna the eale of �p or eny portion of ths ���- —�'
<br /> . ^ Propsrty by publlc uu�ouncsm�nt Rt the Ums and plsa of sale,nnd irom time to time theroatts►may postpans the sale by pubUo annaunc�msnt at �`--
<br />' the tlma and pitcs flz�d by the pracedlny postponemant. Truatee et�ali deliver to such pu�chaser�s doed conveyfng the property,or pordon thsnof. ��-��=_—_
<br /> , na sold,but without eny covenant or wartnnty,exproas or Implied.The rocitals In euch deed of eny mmens oi fact or o9herwise.ehtUl be concluaive �1' --
<br />- proot of ths truiMulntss thereot.My pereon,Inctudinp Grantor,Trustee or Lender,may purchnse et auch saie. '� i� ;�`T "r±,
<br /> 21. RE�UEST F08 HOTICE9. arantor roquests thnt a copy of eny notice of default and a copy of say notice of esle hereunder be malled to each i�"��.;�f,.,� -
<br />— , peroon who t�e parry hereto,at the address of such peroan aet fonh hereln at the same timo and In the same manner required sa though a aeparate '.�r�*;y�4�,':. a
<br />- �:�'�,�' requeat th�root had 6een tllsd by each such parson. ,•.yyla�;��;��:f,��..
<br /> . �?,�,y;�• 22 SECURITY INTEREST UMDER TNE UNiFORM COMMEFiCU1L COD@. This Daed of Trust shsll be considerod a financin statement and a ;;,--,;-,~�-• .�'«••F.
<br /> .- � � ' r,.. .
<br /> �n'•;, • fixturo fllinp pursuent to the provlsiona of the UNtorm Commerclel Cude(as adopted In the stete whero the Property Ie loeated coverinp tixturos, �� �. : ..�'�� '�
<br /> chettels,end eNclesoP pereonal property now owned or heroafter attached to or to ba used In aonnectlon with the Property topeth�r with any and nll . �•a,..�i'..; � •
<br /> replecements thereof e�d nddiUOna thereta(the'Chattels"),and Orantor herel�y grante Lender a security Interest In auch Chttteia The debtor Io the • �-,';.�i.
<br /> Grantor deaedbed ebove. The securod party is the Lender described above. Upon domand,Grentor ehall mnke,exeouto 8nd deliver euah eeCUrtty '. .. "'�;. .
<br /> • uproementa {a�such torm Is defined In snld Unitortn Commercial Code�as Lender at any time may deem necessary or proper or requlred to praM to � ',,, ".�"'
<br /> � ' Lender a perfected cecurity intereat In the Chattels,and upon Grantor's failuro to do so,Lender la authoi�od ta sign any auch egreement na the agent '`''•. �-
<br />� �s`�-. !' � of Gmntnr. C3reMorheroby euthodzea lender to flle flnaicing etaUmenta(ae suoh term la definedln seld Unllorm CommerclU Code)wRh rospsctto � . '
<br /> ';a;• ths Chatlola,ntenyUme,withoutthe efpneturo of Grantor. Grantor will,however,at any time upon roquest of Londer,sign such Hnencin8 atatemsnta. •
<br /> ��� ' Qrantor wlll p�y a!I filin�iNa tor the tlllny ot such financing statemente and for ths rofllin�th�rsol Qt 4he timas requlnd In th�opinlon of Lend�r,by
<br /> eald UnHorm ComrMrcfal Code. H ths Ilen of thfe Qeed of Trust la subJect t�eny escurity egnsment oovering the ChaNels,thsn In the svent of�ny '
<br /> . defeult under thl� Oeed of Truat,sil the ripht,title end Intoroat of Grnntor In and to any and all of the Chettels Is hereby easipned to Lender,top�ther • ' "
<br />— with the beneflt of Ny deposita or peymonts now or heroafter mede thereof by Grantor or tho prodeoessore or aucceasors in titl�of�rantor In the
<br /> f���� - � Property.
<br /> ''�`' • 23. REIMdURSHINENT OF AMOUN7'S EHPLN[fLD BYLENDER.Lender,at Lender's option,meyoxpend tunds pncludlnD ettomeys'teeo and IeIIal "
<br /> _..:�:-_- - —.--
<br /> -� 'I expenses to Perform any aot requlrod to be takon by G�nntor or to exordse any right or remedy of L.nnder under thls Deed of Trust. Upon dem�nd, -
<br /> - Grnntor s�all Immedl�tely rolmburse Lender for ell such amounte expended by Lender together with iNerost theroon at the bwer ot tPie hiphast ret�
<br /> dascribed fn eny Obllgation or the hlghost rate allowad by Iaw from the date of paymont untll 1hB deta of rolmbursemoM l'hese sums shall be
<br /> , Inctuded In the d�flNtlon of Obllgations herein and ahWl be secured by the beneflclal Interest grented hereln. If the Obtlgadens are pald after the "
<br /> begInning ot publfutlon ot natice of eaie,as hereln provided,or In the event Lendor shali,at ita sote option,permit Ciranta to pay any pert of the
<br /> —. ObIlpaUons atror the beginnln0 of publication of notice of ealo, ae hereln providad,then, (3rantor ehall pay on demand ell expenses incurted by the '
<br /> Trustee and Lendor In eonnection wltFr sald pubilca4lon,Includlnp reasonabte attorneys'fees to the attomeye for the Truatea end for the Lender,and a '
<br />— � reasonnbls feeto t,he T�ustea,and this Deed of Trust ehell be security fcr ell such exponses and feea.
<br /> 24. APPLtCATiON OF PAVMENTS. All payments mede by or on behelf of Grantor may be epptied agalnat the amounte pdd by Lender pncluding
<br /> . { attomeys'toes end legc+l expenses)In conneoNon wfth the exercise of its righta or remedios described In thla Deed of Trust end then to the payment •
<br /> I of the remaining Oh9patlons fn whatever order Lander choosea.
<br /> 2b. POINER OF ATTORNEY. Grantor hereby eppoints Lender as ite attorney-in•fact to ondorse (irantor's name on all Inswments and o4her
<br /> documentn perteirslng to the Obligatlons or Deed o4 Trust. In nddiUon,Lender shall bo entitled,but not requlred,to perform sny acuon or execute nny
<br /> ' documont required to be taken or executad by Grantor under this Deed of Tnist. Lender's performanco of auch ectian or exocurion of such
<br /> documents shell nolretleve�rantor from any Obllpatlon or cure nny detault under thle Deed of Trust. NI powers of attorney descdbed In this Deed of
<br /> ' Truat aro coupled with an Interost and aro Irrovocnblo.
<br /> 26. SUBRQOATION OF LENDER. Lender ehail be subropatod to the rlghte ot the holder of eny previaus Ilen,security Interest or encumbrance
<br /> discharged with}unds ndvanced by Lendor repnrdloss of whethor theso Ilen�,security Intorosta or othar oncumbranCOS hnvo boo�reloased of re ord.
<br /> ILPNCSIIC,l� FwmNlontKhnobqiei inc.(tt�BiA01 18001 837.�799 Pna�7 oH A�� � -
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