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<br />_ _,;.`._s_ ... .' 'ihis Deed of Tnut shall se�a�re(a)the paymeat of tAe principal sum and in�re.st evIdenced by a ptomissory no�(s)or cre�t � `� ` �•�
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<br /> , � agreement(s)as follows: ' • .
<br /> • � ' � •
<br /> . . Dare of Pri�iPal Mamrlt7► - ` . �� -
<br /> ` Nate fs) MaBer(s)of Note(s) Amouat(s)Date(s) .� �
<br />' . • ` - 03/OS/97 J1Lt�ffiJ I�OS�. DOR6SFi7t LCS88 160.150.00 21/35/Ol ' ;,
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<br /> � �s, aad any and all modificat�ons. extensions and reaewaLs thereof or tLerew and a� and all fam�e advaaces aad readvances to ` ,
<br /> . � :,` Bonovrer(or auS►of them if mure tban one)hezeuuder parsuant to one or more pmmissory notes or credit agreements(her$ia cal�ed . . .. � `
<br /> ` •�..,ie'. whether one or�uon): N)tbe paYmeat of other sums advamxd by Lender o�pmt�cecc rhe secnrity of the Note; (c)the � '', `� .: ,.
<br /> � ' � --�'i get€o�ce of all covenants and agceemeata of Trusros set fonh hercin;and(�all pr�and fiu�re indebiedness and obligations - . - _!_, ;- -`,�.
<br />_ �-'=�i.'==�-a of Bozrow+er(ar aay of them iY more than oae)to Isnder��hedter direct,i�,absQhue or coatingeat and whetIler arising by ` - ` .
<br /> ` .. . �� � aote,Saarang►• averdraft or otLerwise. The No�e. this Deed of Tnut aad a�/and atl ather docume�that sec�e the Noae or -=�l_ ---
<br /> . .� ,:.•.. othawise executed ia caauection therewi8i,iaclnsCwg widw�u limitation gnazat�es,securicy agreements and assig�eents of leases : �
<br /> . : ' and reats.shall be referred m herein as the'Loan Insuamems". -�
<br /> ' Trasoor covenauts and agcee3 wlth Lender as follows: �-t- , . ,...' �
<br /> ' -' 1. Payment of InaPebt¢dness. All iadehredness sec¢�hereby shaU be paid wheQ r�. � , ' - -
<br /> : , .T� 2. Tttte. Tn�stor ia the owner of ihe ProPert3►.ha�ki�right aud aBthority to�y tfle Pmgerry.aad waaaats th�tLa liea . � .
<br /> ' cmated heteby is a fitst and prior lien oa the Pragerrr, except for liens and e�i'�set forth by Tn�swr in writing and ,. �,
<br /> , J,'� detiveied m I.euder befote exeartimt of this,L�!of Tt�st.and tL�exera�ifla and deci�c,���of Tmst does not violate aay " '
<br /> ca�act or other o6ligadon ta which Trust��S�ect , �
<br /> ; :,?s 3. Tassa,l�menia. To pay 6efore�-�encq aU taxes.specit�m�er�a�t��!�againss the Pmgertq now . s, `'��
<br /> � ' ,�'C' t�x D�r levied. . �f .�;:. s.�
<br /> . . 4. Iusmance. To�eep tl�e Pmperty�-�aga�'-:smage bY fue. ha7ards i�ed wid�in the Lerm'ea0ended caveiage', �• �� .r Y .
<br /> ' II,l'd SQCh Othet 11�ids 8S LCIIdEi ID3y L�QJ�s �3 F�'.�""�.ffi 2ud �(^�II1p3II�CS S�epiBbk t0 LCnAeIs �S LeIIdGf 2s 8II �t '� ;`;r ,'
<br /> �' add�onal named insared.�vith Ioss paqa�L�.rz�.T,�:Lc�d�z. In case rd1}�uudet sach policies.d�e i�nder is author�Zed to ad,jnst. t;�; Y�s ;�
<br /> : collECt aad c�mpmmise.all claima theietrc+�i�a�3 s3all.bave the agtiza�.�applyfng a11 as part af�iu�saace pmceeds(7 m aa�l � , ,, � <
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<br /> �-.; ,. .S`Y m d P b a e d a e s g s e c u r e d h e r e t ry a a d i n b v c h�a��°s m a y d e t e c�i v?t o 4 h e T m s o o r m L•z c s�d f o r ffi e r e p a�r o r r e s o o:a t h�a
<br /> . ' .. ..;_J..'...�-.. `<f '
<br /> " '� c�f the Pmperty or(w7 for a�r other es�,, �rxo to�.e n d e r arithout�g the llen af this Deed of Trast for tTse -- � ,.
<br /> ... PuiPoss .. '7� r9 ;
<br /> - �� '' 4�amofmt secored heteby before stich payu�eas er��:,Tz�lace. Any applisation c��+roceeds oo tndeb�a shaD not estend or ,. `?�`'',
<br /> '`'_' �Stpone the due date of any paymentv nnder the�:a»ar�.`zc a�r defau8 theteunder or heramder. . '",-„•4:�
<br /> � • 5. F�craw U oa wcitten demand I�endEr 'Ss�ahaIl rc II.ender ia sact�manner as Lender ma desi saffi�t .. ° �5{ .
<br /> P bY , PaY . Y $nate• �-^;'.
<br /> . _ . .. saa�s w enable Lendes to pay as theg b�ame�ue onees mute of the�wi�g: (?all taxes.asseas�nts and otLer charges 2�C� � •
<br /> -__ •- . --- .._ the Pragerty.Cn�the premiams oa the praperry iuser�e requaed�der, ar.�C"tjs'!the premiums on a�r moit�age ins�aance -- _ -- '`
<br /> rqttired by I.ender. :_ „ _���
<br /> 6. tur�r�,r�.�.,�, g�aad CompUance wHh E�a. Traster�!�p tiie�ioperty ia gaod coadidon�sd repair;ahall �< ,�..t ,
<br /> . PL"�PUY �F�• or replace aay �mprovement whic6 ar��e da�cr�r d�-,� shall noi comant or permit atry waste or . . . ���--�
<br /> . � • �tsriorados r,.{the Proportq:shaU aot remnve,demo�ca aabsta�sil�°after a3y�the impravemeaffi oa the PtoPert9:sl�aU trot . '�4.'��:;:
<br /> . eammit,saf�mr permit azry act to be done ia or apon t�Arogerry ui v;nladoa of aay law,ozdtnance,ar regalation:aad sUaU I�Y . , : '� � Y
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<br /> . �P�P�'3iscLarge at Tcuswr's cost and eap�,•nse�L�Lras.eacumb:ances and dtaFges levied,imPosed or assessed against die `' �., ` `��.,'`
<br /> .. ,.: �operty or a�r part t�erea� � :,.�{�,sAs z
<br /> 7. F�taeat Aomatn. �er ts here6y assigaed aIS•:ompeasat�on,awazds.dar�'�and othcr payiueuts or�ef(hereiaaRec _ ��;�;`,
<br /> �. J.: .� � . 'PmcReds'� in coaaec�oa aith condemnadon ar othes taldmg of The P�sopetty or pazt thet+eof, or for cumeyance ia tieu of ��.;;�.
<br /> -- . candemaatioa Lender shall be emided at its opdoa ta commence. aFFear in and prosecute In i� own name a� aaron or �. : •.
<br /> . proceedings.and shall also be e�tled w make auy compmmise or seuteme�ia connecdoa wirh such takfig nr damage. In the �`:_:.�;:`��
<br /> .� event an3►Portioa of the Properry is so taken or damaged.I.eader shall Lave the oprion.ia[ts sole and absoIute dfscreHon.w aPPtY ,-�:°�':-
<br /> � -... all such Proceeds.af�er dednctiag therefrom a11 casts aad eapenses�ncurceA by it in connecdoa�vith sucb Pcareeds.apoa aap • ��`
<br /> ' updebtedness secaued 6ercby and in sach order as Lendec may determiae.or to apply a1t snch Proceeds.a8es sach deductfons.ro tLe •
<br /> � � . ,�,'1; zesrorazion of thc pmperty upon sach condidoaa as Leader may determiae. My appliaatton of Raceeds m ina��,pan sLaU uot ; :"' __,
<br /> ` extetid or postpone the dae date of aaY Fayasents nader the Noro.or cure a�ry defauit t6ereuader or herennder. A�►�aPP1Ied fhnds r t3 3 J1x�:.
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<br /> �.} � :��,�., sbaU be paid.ta�T:asws. . ,l��1;:�.ti
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<br /> �•: � ::..;:ifnF� �.,� � . 8. Pi�star�1+8 Len�er. Upaa d:�e occouence of an Event of D�efantt�erenader,or if aay aet Lc relaen or tegai pm�eal� -._--._
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<br /> :'�• F �which malecis�3.�I,ender's iaterest ia tlw Property,I.Ender may in its awn discredoa,l�nt withrnit obl3gasIon to • .. . .�_
<br /> �, , ,:. _:. ,.-.�:::'�::� �so.aad wiBtout notico taw.demaad upon Tn�sWr and without releasIug Ttustot fram aay obllgation.do atry act whlch 7Yustar '�� �;`�,'+^`
<br /> '-' � �`F �: • has agreed but fa11s to do and may also do arry o�er act ft deems aece.4sary w protect the s�carlty heseoL Tn�tor sball.
<br /> � � ., ^4+` ' ' iwmedlateJy agon demand therefor iry L�ader.Fay w Lender all cas�s and eapenses incarred and sums eapendcA by.Lender ia .�`�"�
<br /> �:: �... �:;:.;�L"`:�:';. conaecdon viith the e�rercise by Lender of tho faregoing rl�hta.wgether aIth i�erest thereon at the default rate prov�ded'm the . . .- • . -
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<br />`�;';, .' „�,t.'�:::.. Note.wL�ch sLaU be added w the iadebtedaea�sec�ued herehy. Lender sbaD not inc�u a�r Uabigty because of any�ing it may do or . .
<br />_- -- . . . . omlt tn do herennder. �
<br /> -°-°' " . .'�`, 9. Hs�rd�ns Mater�als. Tn�star sLall keep tha�.�erty in comp3iaace witD aD applicab2e 1aws.ordlanas�mnd regutadonv ..
<br /> ��,': ,. ,.`�rt.,; r; relat�ng w indosula]Lygiene ot eaviroamenral prosecxiaa(�;oiiectively refemd to here�a as°Envhoamental Laas'°�. TtusLOr sLall • '� '
<br /> , . .�.:Y"� �eep the ProDerty free from all substaaces deemed w 6�Psazardous ar tu�c under F�vho�enhal Laws(colle�tive refened to . - � .
<br /> :.;.±�1��..- an3+ lY
<br /> ;�,�' .`;`:,'�lr, , . dere4n as'Hazardous MaterlaLs"). Ttostar herehy wazrants aad mp�nts to Lecder that there ase ao Hazardous Matetials oa os ; -,=., : �;
<br />��:�,r. .,-,4, uader the Propesty. Trusmr hereby ag�ro Iademnify and ho2d�sm2ess l,eader,its direcwrs.offcers.emPluyees and agents, �
<br /> h` •' �ad any successors to I.eader's tateresc,fsam aad against any end all c1a�s.dam�ges,tosses and liabili6ss arising in wnnectton
<br /> _.. ;.: ey;��pz��,�.�posal ar stansgort of azry}IaTardons MateriaLv on.under.from or abaut the Property. THE FOREGOINti ;
<br /> � � ; WA�ItRANTI�S AND RSPRSSENTA'fLr2�N8. AND TRUSTOR'S OBLI(iATIONS PURSUAN7' TO THB FOREGOINO „
<br /> f�� � , i��t`�• •r: ti IIVDEN�7'Y�SHIIL�SURV1VBItE�OIV,�YANCBOFTHI5DEEDOF'PRUSI'. �ay�,;� :,
<br /> r�? �''ti� j 10 Asdgnmen!oY�Ite�fa. Tnts:or G,a�y assigds to l.ender. and gants Ixnder a security iaretest 1n. alt pr�e6ent.li�aue aad . 'sr�a;1�+1;
<br /> .��.�,�:..�.' ,
<br />��#':r. ; . • � , aftet.uis�g rents.issuES and profim of We Pc+npetty: Pnnvldefl Wat Tn�soor sball. uatil the accnzreace of an Event of Dofault `:i:•.;..- �� .
<br />,�.�;.� ...
<br /> ___ ' - �• ; k�reimder,have tha r1�LLt�o coitect and retaia such re�Isanes and pmfim as they be¢ome due aad payabie. Upaa die o�enee .
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<br />==`:-'+ .. � oP aa Evem af Defauit.Lender may.eiWor tn i�eisoa^r b3►ageat. wItb or withaut briagiag any acdon or grviceeding.or by a `j�-;' .
<br /> '`'. . � ',��,,��;; , receiver appolated by a court and withwt regacd to the adequacy af:ts securiry,enrer upon aad tatne posses�ion of @ie property,or
<br /> �!.;��. ��+,i,�;r: �Y Part thereof,fin It4 own name or in the aame of the'i'tustee.aad do aay acts afiich it deems necessa:y or deslrable to presesve .
<br /> • �'.�+•:;�<f�..; • tlto vaWe;marlcetability or rentabiIity of the Property,vr auy part t$ereof or int�rest thereln.os w increase the Income therefrom or � . .
<br /> j' � moect the secud hereot aad.vrith or wlWout on oY the e '
<br /> p ty takiag possesgi Pcop rty.sue for or otbecadse colIect the rents,Lssue9 and .
<br /> . . pmfits thereof. incdtding thnse past due and unpaid.bY nntifyin8 tena�to make payme�w Lender. l.ender maY$DPIY�. " '
<br /> ��� . . issues aad pro5ts,tess eosta and expenses of operatian aad coUection lnstudiag atioiaeys'fee9,to aay indebtedness secaced hereDy, •
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<br /> � aU in suaL oider as lxnder may determine. The entering upon aud�og possession of the Property.the cotiection of such renm, � • �
<br /> �.,.-�- . .
<br /> tr��.. . :' i. issues aad profits,and�e applieadon thereof as aforesaid.shall aut cure or�vaive any defaWt or nodce of defavtt hereunder or .
<br /> iavalidate aay act doae ln respmue w such de�ilt or pursvaat to suc6 aotice of default aad,aonvithstaading the conti�ance 1a ,
<br /> �. possesslon of the Praperty or tLe col�ecdon,receipt and application of reats.issues or profits.Tnuoee aad t.eader shall ba entitted w .
<br /> _ . exerclse every dght provided for in aay of the Loaa Iastcuments or hy Lcw upon occunense nf any Event of DefaWt,including �
<br /> . � , vritham tjmi�tion the rlg8t m exercise the power of sate. F�uther.Lender's rights aad remedies imder dils paragaph shall be �
<br /> , � . ' . camulative with.and in no way a limiration on.I.ender's rigAts aad remedies uader a�r assignment of leases aad reats rerorded '.
<br /> ':___ ___._-•- • agaiast the Property. Lender.Tia.�tee aad the receiver shaU be liabte to accaunt oniy for those reata actualty cecelved. � �
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