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<br /> 19. LEHzIER'9 R10HT TO COINMENCE OR DEFEND LEOAL AC�S'i�9•he�rebyt�appoinis�Ond�O►t aa(te�att meY In�-oct�ta co�mrwn�ntorvnnn nu�and �
<br /> throatona�nctlo0,suB,or other proteoding eftedNA the Property
<br /> dofand.euch nctions,sults,or olh�r Ieg�I pracoodngs end trt�nmpr orttho actlans deeCrabad In th enpare(�rayph�or nny damapo�►asultl�nq Iho�ralrqm �Noihin{�
<br /> Cirtmtor lor any nctlon.orror,mista{co,omla�lon ordQlay po g In Ita own nama.
<br /> canialnod horoln w111 prevenl Londer hom tc�king Ne actlons descdhed In thls parngrnph .
<br /> an� cUar�I��es• Q�f P 6h8 I 16hrtYf1@di8101y pIOYICJ9 L8f1d0r wlih wrlttenhnotice�of andC nderm�N 0�d h01d LOf1d081'W V It8 h3Tn t01dR 5i dI�CG10�M1„O111Ct1►fir ,
<br /> ri
<br /> emyployaes and agunla hermioss from all dalrro,d�namageo the Piro@pe�rtY M��a�8��1 not 18mited o�ihoso Inpv Nin�Huznrdoua Mate iala)��a nnt�r�urn+�
<br /> �ther legal pracaedings c�mulativelV'Clalms")pert xp
<br /> oonncct on�hofanl�tehr,s��heleello�ai eu Londerdshalldhe ontitled oEemployl�Itre nwndte�gayl�countsolnoYdetond�sucf� Clalms at Qrae to�s coct.i arnntar'r, -
<br /> . oblig�tlon to Indermlly Londer under thls parapraph shall survivo the terrdnatlon,rc!aa�or forcd.osure of fhis Dood of Trup •
<br /> , .. 1Q TAXESOfN��3us nMho cquesrtot Londer,�aranlo�shall deposit wirtih Lendarl eachPmonth ono•twel�ith (tl�12)otihotoatlm3tod nn unlrinru�ranr,o -
<br /> o y ��-
<br /> � "` �omium ntexes and asse�ssmente peneining to ihe Proper h0 o�ent ot dxf&It Lender�shall�havre tho rlght at Itshsolle optl�on'to tupf�Y tholu af'SO�noia o �_yi_�
<br /> assessmen4s end li.surence as requlred on the Proporry. n'__--
<br /> pay any tnxes or against the Obllgations. My funds applled maY,tit landere optlon,be applied In reveree ordor of tho due date thoreol.
<br /> pe p� :_�
<br /> . end oNemine?Inspeol ePnd�►nake coples�Grenbrs�b°°pks a�nd record�s penefni p torlhe Prioperty hom tlmotto timoe G►en ornshall�xo�ldo ny ar,slstanr.o •.
<br /> ses. All of lha siAnatures and InlormaUon contalned In Grentor's t�ooks and rACOrds sh�l ba 9unulno,tn�A,accuraJo and t;_!:
<br /> % requlred by Lenciorforthese purpo _
<br /> .ti complete In all respecis. Grantor shall note the ewstenoo of Lenders benefidal Interest In Its bookn and rocards pe►trildn0 to tho Pro�ony. Arkiitinnnily, ,_
<br /> . 11 i�n(rormati nsihall�6e�for such perllods,sharyllTretlecin Granto�sirfeeods'a uch t me�and shall be ro�nde ed w�ith cu�eh heVuency asloinciorrmay doclgnAtn. All �_
<br /> " � in formai lo�f um is h e d b y G r a n t o r t o L e n d e r s h a l bo iNe.axu►ate and�°rr�°te fn ell respecta,and slgnod by 4rantor it Londor raquects.
<br /> � ��, EgTpQP6L CERIIFICATES. Within ten(t0)days after eny requot t���d���e)the outs'ta�din balanc�°n��t��Q �ionaGfand(b►�wh�tshur
<br /> �� f rights rullh respect to the Obligationa,a signed and adcnowledged g
<br /> • } Oran:oY�ossesses anY dalms,detenses,set-oVa or counterdaims with r�speet to ihe Obligatlons end,B so,Iha nature ol such dal��onaoa,sol��fis or �'`+'.:
<br /> 1 courri�rdalms.��oof����to���the re�u esittd ct2t ment�amene�Y t►T����r�y�to the Intendod trensforeo with res to iher.o mattars In
<br /> the everA t � :�.�
<br /> � -�� � 18. mEFAULT. (3ranior shell ba In default under thls Dned of Trust and tho Trustee's powor shell become operetivo In 1ho ovant that Grentar.Br�rroti��ar or ; _
<br /> any guararitor of the Obligatlons:
<br /> (a) falls to pay eny Oblipation to Lender when due: �,,:,;_::�
<br /> - . ;��' (b) falls to pertartn any Ob1�9ation or lxeaches any warrenty or covenant to Lendor comelned In this Dood of Tmst or any othor presont or tuture .
<br /> agreement: �. ':1.�
<br /> � (c) destroys,loses or dart►ages the Properly in any matedel rospect or subJects tha Property to selzuro,conflccation.or condemnation; � _ �
<br /> ' (d) seeks to revoke,terminate or othenvlse Iirnit h�Ilabiilty under any guarenty t°Lmd°r
<br /> @�_--
<br /> (o) dies.becomas Iegally IncoiryieterR.ledissoNed or terminated,beoi�shaseneinvol�unteary palltl n�in bankruptcy��1lniwhlch Grantar.R�rrawer ;;• .
<br /> `' � � dobts as they become due,files a petklon under the tederel banlvuP'«Y =
<br />-,:._,L.__—y_ ti.,a.,. rNtaken unde►enV w►it Or proCess of Court; ti �.u�,.ai� '
<br />-%�'::. f. � Oi Afly g1�nlniliOi{o fiaT�l.'�.Ci.....�.4�., .
<br /> • (� allows goods tc ae used.trenePcrtad a staed nn the Properry.the possscs�on�crensporint��������°°�t�..! ,
<br /> � E;, (g) ellows any par1Y other than a►entor ot Bortowar to assume or undertaka any Obl�9at�on W��hout tho writtan consent af Landor;ar
<br /> : ��i;,.�:, (h) causes Lender to deam ftself inseeure due to a sigiiflcarrt dadine In ihe value of the Properry:or It Lender,in�aosl tailh,(or any reacan,tx�lioves
<br /> ' �' � that the prospeot of payment or per(om�ar�te is�rt►pa�tad• —
<br /> 19. Ri(iHT8 OF LENOEB ON DEFAlE1�. Il�here Is a default under this Deed of Trust,Lender ehail be entitled to oxercise anc+or�raaro of thn fotlowing =._
<br /> remedias withoul notice or demend(axcept se rQquired by law):
<br />_ , � (a) to dedare the Obligations Irtma�Yatety due and payab�e in tull;
<br /> • (b) to collnct the outstandin8 Ohl�9at�°�sW�th or wflhout resorting to jud'dal proeeas; ur Chattele constituting 1he Proporty at a pleco reanonably
<br />;f;.., (o) to requlre Grer►tor to deliver and make avallable to Lender anY va►scne�ProperlN
<br /> :• , convaniartt to C3rentor end Lendor; W�th���ng ta or obtalninfl the apFoimrr�ant of a rece(var and,at Lnndor'n o�nlon,to
<br /> `"�'�� (d) t o e n t e r u p o n a n d t a k s p o s s o s s i o n of the Pro p e r t y
<br />-. � appolM a reootver wUhout bond,wfthoN first brfnging euit on the Obiigat lons en d w i t hou t o t h o r w l s e m e a t i n g e n y s t a t u t o ry c�o n d i t i a n n r e p a rtYn g
<br /> reoeivers,ft being irrtended that Lender ahall have thls comractual eight to appolrri a recelver;
<br /> �`�� � "� ! (e) to employ a managing egent of the Property and bt the aame,either in Tn�stee s own nart�n,in the namo ot LenSsr w In tho narro of f�rarnar,end
<br />—•' "' ' '" `'�� receNe the rords,Incomes.Issues end profits of the Property end eW�IY the seme,eftor PaYr►bm of all noceasar)+charQos and oxpenaoo,on nr,raum o!
<br /> r_,.}`. ; r the Obllgatlons;
<br /> .t (q to pay eny sums In eny tortn or rr�nner deamed expedient by lender to protect the secudty of thla Doed of Tm�or to wre any dotault othor than __
<br /> � pnymerrt of Interest a prindpal on the Qb�gatlons; y ihr� exordse of tho power ot oele nn reforoncod In --_
<br /> " , (g} to foradose thls Deed of Tnist judida9y or noniudldali end to direct the cate of the proparty uAh -
<br />°'`- • . • ` Par89Paph 20 hereot In nocoordance wfih applkablo ls�w: _--
<br /> � E (h) to set-0ft Grantors ONigattons agahst enY amounts owed Grantor bY Lnridor Including,but not Ilmitod to,monlos, instrumnntn, en�!doposit _
<br /> ` exouMS maftriained with Lender or onycurremly exlsting or tutur9 alfiilate o�Lendar:and
<br /> �.,.,.. .
<br />�•.-`-�, � (q to exerdse all other rights avaliabie to lender under any other written agreerr�ant e►ePP��cable�aw• _�
<br />—u' -�M' ��er�riphts are eurtulative and may I�e exerdsed together,separately,end in any order. in the event that Lender Institutoa en aclton aoofdng ihe �`..--
<br /> ' ' recovery oi any of tho Property by way al a prejud�nent rert�edy In en aetlon againel Orentor,Cirentor wNves the Posting ol eny hand wtJch ml� �`\_V
<br /> � "� othon�ise be requ�red• Lender or Lender's desi�eo maypurchase the Propercy el eny eale. Proceods ot any Trustee s salo heroundor shuli I�o eppl __
<br />_ • r- 8rs1,to the costs end expenses of exerdsinp thopower ot sale and of the 6ale,Indudit of h OMpbltlgationathe�T�t�'8���hUd to��ih�o pArymnnt of fuNor -__
<br /> exceed ihe atriourrt wNich may be provlded lor in this Deed of Trust,cAOOnd,to payme _„e1
<br /> trust deeds,rtprtgages,or ot her I len ho l d ers,e n d t h o b a l a n c e,If en y,to the p arson or p o r c o ns lege�ly emflled thoroto.fie�ro�ny or�Qpst h`h��n��i� �___...
<br /> ' , � bc�sold in one parcel.or In such parcels,manner or order as Lende's��dothe�gattons ere palden{�I�o or rtwre ezsr dses o f t ho v:�`4
<br />- shail not extinguish or exhaust the powor uNess tha entire properry �,�,��..
<br /> ., �.
<br /> ;. 20. TRUSTEE'S EXERCIS�OF POWER OF SALE ON DEFAULT: if Lender elecls to soll Gramor's Intorost In the Propeny by oxarciso of ihn powor ot �fi;'=
<br /> sale herein coMainod,Lender shall noti(y Tnntee In tho manner then requirod by law. "
<br /> �'':�,��r Upon rctccipt of such notice of Londer and el the�iractlan of Lender,Trustoe shall cause to ba recordad,puW�shod and do�ivorod such natloo�of do'aLtt
<br /> ' �(` and notices of eale as may then bo requiredhy taw and by thfc Doed of Trust. 7rustee shali,only ot tho directton of Lorder and wfthout domnnd nn Grarrtor,
<br /> ' � , �•s+ � aRaT such time as maY thdn bo requlr�d by law and after recordation ot such natice ot default and aftor notice ot sals having boon pivon no roqu'und by law, ,
<br /> � svll the Properry at the time and placa of cale fl:ced by it in euch notice of sale efther as who{e or In 3oparato lota or parcola or ftems as Lc�ndor shall doem
<br /> :�,;s.,�s e�p�diant��herwlse madt hen be r quired byear�.�Tru�stee shalltdellver�90 �rchaser or�purci��ane►s the�eof s golod endtcui(i�dent dood ortdoeds `!'..�.�,
<br /> � `'� convoying the property so soid,hut withoN any wvnnaM or warrardy,express or Impliod. Tho redtels In such dead of any rrk111om or tnr.is shall be
<br /> ,:�; .
<br /> __ _ ___ _'•' canGusive proot ot the tMhtulness therent�My�o�s�o��Mnion of thohProaa��'on,(3ramor,Trustea or Lender,rr�y Ru�chaso at such a�lo. Tructao may
<br /> _ — In the manner prwiae���a..w�,►•••��...-._._._. _.� --- _
<br />' ' 21. REQUES?FOA NOSICES: Grantor equ��n seto rth�hero�n at t�he fsart�e time end�ln the sartw tm�nner rnqutrrod as ihough�n�opnrato ro�quo 1
<br /> who is a party heroto at the address ot such
<br /> ' thoroof had been flled by each sueh por�..oa
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<br /> � .. Pcpa3d8 .. _ .. .-- 1 .
<br /> �. • NEDOTC R�v.398
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