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<br /> � � •This Deed of Tcust sh�ll secure(a)d�e PaYment of the priasipal swa and int�rest evidenced hy a pmmissory note(s)or credit ' }.��.:: .
<br /> . ` . , , agreemeat(s)as foltowa: �� ` � �, .
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<br /> ' � - Date of �� D�� '. .. :
<br /> • . ' . " Piate(s) Maker(s)af Note(s)
<br /> , ` 05/Ol/97 RGB�T L. Jtl�SOSI. HARRISI'1 H. JOHNSON 258.060.00 CT/Ol/Oa - , :—r—
<br /> ' < . = � 1BLLY JQiQi50H. Al�Y JOSlSON . .
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<br /> . �� � , ;.� � 8IIj► 8Ad 8� m0�IC3t�OD9• C�OA9 dA�TCIICPl�S�CieOf 0I f�ICtO SIld 2p}t SIId 3U ft11t1LL' 2dY�CC8 3IId I�2IICC.9 LO _ -.
<br /> � � � Boaower(or aas►of them if more thaa one)hereuader�iusuaat to one or mote promissory notes or cccdit agcee f the N�o�;(c�� .
<br /> 'Noie', whether oae or mo:e): (b) the Payment of other snms advaaced by Lender to pm�c[the secusiry •�
<br /> - ' �" "�`-.� perfo:mance of all wvenanrs and agreements of 11m.swr set foith hercin;and(�aIl pceseai and fuwre indebtedness and ob�atioas _ ..._ . • _
<br /> _ - , of Busmwer(or a�r of them if more than one)w Leader whether direa,indimt,absohne ar coruiageat aad v�ther ati�1sY -
<br /> " � aote.g�acaacY•overdraR or otherwise. 'lbe Note.this Deed of Tmst and anyr and a31 other��e�� ��f� --- :-
<br /> . , .` „ otheiwlse eaecuoed Iu conaection therewitD,inciading withant limita�ioa gaarau�es,secaraY agr �� , °
<br /> � � . and re�s.shall6e refetred w he�ein as We'Loaa Inst�ents'• �
<br /> �t_ � � , ��. . . ..'........
<br /> . .. � Tnusor coveaaatg and a�ees wit�Lender as fottows: , _
<br /> - 1. Psymeat of�ad¢btedness. All indebredness sec�red hereby shaII be paid when due. . -
<br /> 'r` 2. 1 Y t 1�. T n t s t o r i s t h e o w n e r a f d i e P ro p e n y.has the ri g h t and�m i t�+m co�ey the Propetry,and wariants d�at dce lien -
<br /> ` ..� °.,.i.'t` c�ated Aec�DY is a 5rst aad prior I3en on the Propeny.excePt for lIeas and enc�aaces set fosW by Trasoar ia w t l t i a g a ra i . . . , _
<br />- , -�• ;:: " dclivered to Len�eer befare eaeca�tioa of tLis Beed of Trost,aad the exe�ation a�deHvery of tLis Dced of Tmst daes not vioia�a�r
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<br /> . '. canuact or otLes obligation to w8ich Tnutar is snbject. a the Property � ,���_
<br /> . � • 3, 7�srs,A�cnts. To gay 6efore delmquen�y all�.sPectal assessmenis and all other clm�ges gainst now t:;�:,
<br /> , -`�: orhe�er tevied. ��f.' :' . .
<br /> ° ` 4. Instuaace. To�oeeQ the Pmperty ia.s�ed aga4pst damage by Sae,hararas inctaded widila the terru'exrended coQerage'. ;`; . ;. r
<br /> k ' aad suc�other Larrrds as I.ender may reqaBe. in amnantg artd whh compwie.s �e t° I.�er+ nam�g Leuder as an_ . `u:�
<br /> <J�4�!�� �' '� adc::�nnal named msared,�h�s�yable�to the Lender. �n�ase of Ioss uadtr sach��e�,the Leader is a�r.z�to actjt�. �'v.�,�,,,
<br /> ����;`J�.r r`� _ �a�r`�. ca�t and compzamise,all ci�cros�and sbaD�+e�:�r,option.af apptying a:��r�s E)to arty . . . t ` ��
<br /> af tl�e mstuance g�a3� !
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<br /> . .T . �f.� tfl � III�253 SC�CQ�ICI6�8.'f�.`AA'9r`w10�:a.R T.E�C[�ffi��SEI��s�IO t��F��L���1C IC�.`c^u.2ff II�Q�.' .r Hd � ...
<br />-`r . . . ,.:ti;,'�i� ' of the Property or(m7 for aa3t o�er p�po�a�r�3e�x�.=�►to I�a�es without affec�tg Hie�-a��Deed oi�Yvst far f,� .. ;.;: ,.. :
<br /> . fnU ammmt see�eed hereby before sttch pay�IC xvsr wak�e. Any�ggEsation of proceeds to�ca�esv shail not�a�nd ak:� � :. r. � „;
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<br /> ; . � ::-;`,,,K�.> postpone the dne da�of anp Paytaerus uuder�?'�rte.os�aay defau�'t rl�eseunda or hereuader. ;<... �. . `:
<br /> � 5. F�row Upon written d�and bY L�r.TtosOOr�n i(gay w I x n d�t,i n s a c h m a n n e r a s I��a Y d e s i g n a t e.sofficleat t�,• �:
<br /> .. �'fl°.� SOID.S t0 C112�f��+CL�Ci iD p3����:�.•�1E OIIE Or�8g�C fO�OWlD$: �3n��.3SS��Q7112!C�31$C8 8$SQl4E' , 3 T" . .
<br /> - -•._ � t h e P r u P e rt Y. f t t'u L e�a s Q I.t�e,� c e c l w r e d L E r�d�r,e ra l(t u'��g s e ID U�--��m�� �> -
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<br /> �'- �(itx�,��� ; r e q t�b Y 1&II E�. TtO.StOr si�1R the g,+.++.a a a�o �t�•,:� .R
<br /> �`�.��,�, , � � wItL a.aws. &�t �e�CY fi� n a n d r q�a a;s b a 1 1: '*,�,�'_L
<br /> u. ,��;1��'. P����.� �h may be +y
<br /> :t (41ID$$Cd QI d°.3SS8j/�a; 5�.� DDL CA'aw2St.L Or gP.IIII�t 3II� �T l:,,r�`F :��--.
<br />_� �r�'r.;;�,,;,c:.:p;,�'��.';'.` . du�ioration of the Prapelty;�I�not remove,demolish or sabstautiaUy aiter aay of�e�provemeuts on the Pmpesdy;shall noi �f�. �e�
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<br />_.' ,.��.��'�, . •1��'; � . o��,�r or permit any act to he done ia or npou the Ptoperty in violadon of any taw.ardiaance.or regol�tion;ae,�shaU pay . �,�,`.�"''
<br /> :•Fr``" • f�;'� a�PmmPUY��b'�at Trostor's cost and eapense all liens.encumbrances and charges Ievied,imPosed os assessed agatn.�t tlrs -
<br /> < < .� ..'ti Prapeny or a�r part thereof. .��
<br /> � `• 7. P�minent Domai�. Lender is hemby asv�d aU compeasation.awuds,damages and other paym.ents or relief(hereinaiter
<br /> - __� . •.,?,: 'Procada') in eonnecdau whh caademeadon or other ta&inS of the Ptopsccy or part thereo� or For coaveyaace in tfca of .: •���
<br /> � • condemnatian. Leader shall be emitled at ita optIon w commence. aPP� m � Plas�ute ia ita own name aaY acti4n or .. �
<br /> , • proceediage.and ehaU aLso be endtted to make anY compromi�or seatement in connecdon with sacD taking or damage. In t�es :r,�,:_ �`
<br /> � .. . eveat aay ponion of the Progerty is so taken o:damaged.Leader sSaD have the option.ia ita sole sud absotate discreHon.to ap➢l�► . �°-�
<br />- all snd�Ptoceeds.aRer deducting therefrom aD costa and expettses incumed bY it in conaecdon with sacb Pcoceeds.t�pan aaY •. -�.-��•
<br /> iadebtedaess secared�ereUq ansl ln snch order a4 Leader may deurmine,or to appty aU such Pracceds.aRer sacL deducdoav.to ths ,
<br /> ' �� � cestoratioa of[he Property�sPoa sn�L candidons as Leuder may determiae. Any applicatiou of Proceeds w iadeb�shaU no3 � �,� -
<br /> . .. . .� euend or postpone the due date oi any payments aaQer the Note.or au+e auy defiuilt therennder or hereander. Auy�wapplled ti�s �• �.,,,,.-
<br /> • sLaU be pa�d to Tiustor. � .
<br /> . . 8. PErformaaoa by 1.cadez. [lgaa ihe acauren¢e of an Eveat of IIefeult he�reaadet,or if a�ty aci Ls taken or Ie�l pmceedi� _ .. -
<br /> ' r`• coramenced wLirh maflerlaliy affects Leader's�est in the Propertqp.�lqa}��� er may in i�own discretion.b�rt urith�obligadon to .'_-
<br /> ''j.� • do so.aad withcr,�aotice to or demaa�upon Tmstor and without reI....""O Tcusmr from auy►obllgatiaa.do aay act whIch Tranar ,: ��__
<br /> wit
<br /> . '.L�'., Las a�eed.6� fa�s to do and mey aiso do atry other act it deems aecessary to protect the se�auiity hereo£ Tmsro: sLa11. T�
<br /> ''.,;`�'{. immedIately apon demaad tLecefor by I.eader.Oay to Lender all costs aad exn2ases iacuired aad suma expended bY Leader in . .
<br />_ - .:'.::�:�.;s` connecdon witb the exercise by Lender of the foreBoinS rights.wgether wi�intetest thereon at the defaWt rate ga�vided in�s . .
<br /> � • Note.which�a4 be added to the indebtedness se�aued hereby. Leader shaU noi incur any Uabitiry becaose of anythmg it may do ar ..
<br /> � �•4',ur��'. omit to do hena�Ier.
<br /> _.,���??.' 9. Hswadaa�Muterlals. 7Yuswr shall keep the Ptoperey ia comp}�ar,se cvitL a11 appUcab2e Taws.ard�aad regatadoa; - -.-- �
<br /> aw
<br /> � � reta8ag to industrial h3►gieae or envimameatal protestion(coilecdvely refesred to hsrein as°Eaviroamental Laws7. '�rustor shaU .
<br /> � keep the Property free from aU sabstaaces deemed to be hazardous or toxic undEr any�roffienral Laws(coIIecf�L�referreA to
<br /> .- . ' •',��.' .;. herein as"Hazardons IVlateriaLg"). Trastor hereby warraam and represents w Lender ctc�chere are no Hazardous IDfaoQials an o7 . .
<br />_ :.�,y:• uadcr the Praperr.y. Trustor hereby agrees ca indemaify and hoId harm2�s I.ender,its directors,of£cers.employ�aes and agea3s, .
<br /> - �� sud succe��c�to Leader's in�rest.fmcn s.nd aP,aiast anY and aU cfaitat,dama8es,losses aad Titlfili�es�tisu�"sa coaaeaio� .
<br /> _ ' ' . ''}'�ki:'e' wltL t�he preseaae�cse.disposal or vaaspora a�r�y Ha7ardous Materlals on.undes.from or aboui the l�:�tt�►. TfiE FOREGOII�t(i �� c.
<br /> ,�;.. • WA�ItRAKTIES AND REPRESEN'CATI()N9, AND TRUSTOR'S OBld6ATi0:�1S PURSUMYf TO THE �ORE�INt�
<br /> __ .. W,�Ti�T1TY.SHAI.L SURVP��RECONVEYANCE OF T�S DBED OF TRUST.
<br /> _ � ., � :. ; l0.Ass�meat o!Itent�. Ttusaor hereby assigns w Lender,and grants l.ender a seauity►interest�u.a11 Presen�.Poriue am4 � . .
<br />_ • ; . . �� after�arjsing reats, is�es and profits of the Propetty: Pmvided that Ttuswr s�il.un81 th� occuncenec of an Eveaa oY Defauri �
<br /> herennder.have the right w collect and retaln such rears.lssues and profits as they become�e and payabie. Upon tt:e occurreaa
<br /> � • �� � t� of an Hvent of DefaWt, Lender may.either ln person or by ageat. with or withovt brlaging a�►acaon or proceediag,or by a
<br /> _ .. j receiver ap�ointed by a conrt and without tegard w We adequacy of its securlry.eatcr a�n and mke posses�on of the Property,oi
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<br /> =` � �• � atry part t h e r e of,in its owa name or it►We name of the Tn�res,and do aay acts wblc�M deems nr.cessary or des3raI�Me w presetve
<br /> - tho vaUte.marketabillty or rentabUity of the ProA�Y.m�Y Da*�thereof or interest therein,or to increase the inca��erefrom oJ
<br /> . . • `; protect the sea��5.ry hereof and,�tL or witinout takiag possession of tr*a�'roperty.sue for or ottterwise collect the rer.�.issnes amd
<br /> f Profits thereof.iacfiuding those past due a�arl:ucyaid,bY norifyia8�to make payments to Lender. l.ender maY appd�'t�. .
<br /> - . issues aad profits.tess costs anil expenses of ogeration and co:t�cana ir.c:ssding attomeys'fees,to a�r indebtedness�c:.ed�p,
<br /> .. .. all in aucD order an I.ender may determias. Tbe enteriag u�nn�ust c�i�g Poss�s�ion of the Property,fhe wlte.ctaon.nf such rer.s�„ .
<br /> _ - . issves and profits.and the application theteof as aforesai�; aS�u4i uac�e or waive a�r aefault or nodca of def�it 1�eunQer+or �;,.. .. �
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<br /> � ? invalidate aay art doae in resgonse to sucH defanit or pursira::to stdx aodce of defanit and.notwithstaading tlte a�r�:,�•a�ep� .
<br />- �� ' posses�lon of tts�Property or the wttecdon,receipt aad applicadon of r�ur.a.issues or profits.Tmstee anrl Lender shall�e eatizted w
<br /> .,� 'S, �� � exercLse every right provided for in acry of the Loan Instsuments or b� law npon accurteace of auy Bvent of Def�:ft,ittc[t�Un�
<br /> . • � arithant limita6on the right to exercise the power of sale. Further, L.ender's rights and remediies nnder this paraga�pfi s:�^II Us
<br /> � � eumulative w1tL,and in no way a limitadoa on.Lender's rights aad cemedies under any assignment of leases and rr:nts recorded
<br /> ' . __ __
<br /> _ -=..-=--- agaiast the progerqr. L.eader,Tntsiee aad�he tecelvet sha!!be liable ta 2ccatmt anty for those tents acmally rece'rved.
<br /> . � r�uurot�neaam+n�..o�ns
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