|
�����:; v.=�>,:
<br /> �. _ � , ... . . . . .� �. . - -. � . .- � . . . ..: � . _.._-------- . , ' .. . .. :�.
<br /> � �`; � .
<br /> < < . , .
<br /> j . • .
<br /> � t3� iENtJER�RIliNT TO Ca�A�iCE 06�O�EDiD LE�iAL ACTI�f�i9. Cirardor shal[imre�ately P►ovid�LenRer with written notica of amr acdml or t � - _> . -- , .
<br /> ihreatened actlon.suit.or other pra�e�ding aftecting the PraPettY. Ciratttar here6y a�oitrts Lender as its�'tomeyan-taet to wrmrencn.imetvene in.arrd
<br /> ` } detend su�ac�ofts.�its.w other tegal proaee�snd to eompror�ise ar settie any datm or oerm'osersy pertaftring thereto. Lsnder shall not ba liahle to � , ' � �,
<br /> � Grantor for any action.erto�.mistaS�e.omtssion m e�elay pert�ining to the acUons desaitred In thls par2greph or any darteges resulGng theretrom Nothing C�
<br /> � , ' mntalned hewtn untl prev�rt Lender ham taidrtg the aetlar�s desaiba�in this partigrapA in its own nar►e. °� : .
<br /> ar i
<br /> ' t4 WC�IIRCATIOAl. lendsr shall no1 ass�ne or ba responsibte thr thB Derto�manoe of arty ot Gwr�tots oEliga9ians with respeet to the Properry under a �` . .
<br /> , �y�anpss. �ramor chaU imre�atety pmvida Lender wit?►mitien notles af and(n�mnity and hofd Lendsr and its shareF�olde�s,d�reuora.ofBeers. :
<br /> errpFoyees and agants hamiess Uom all dairtr�.darttages.llabiGUes Mdu�nB attameys teas and iegal e�envis).eauses at setion.ectians,suits and � � '
<br /> ' � oUier Ezg�l proosedngs fau►uiativay"Gaims7 D�ainfng to tho Properry(indw5ng.�t no!Umtted to.thos¢mvoiving Hazardaus Matertals). (3rantor.uyan
<br /> ihe�equssl ot Lender.sha[I tdre le�i oounsef w detend Lender(rom such Claims.and pay the auomeys'teas.tegal exyonses and other costs inaured tn � � . -
<br /> aom�ecdan thetewith. In the ahemauve.l�rtder sRaU ba entitted to ert�o�its cHm tegal munsei to defend wd�C�rt�at Granta�s�t. Q�mors � �
<br /> , '� atdigation to tnderrs+ity lender under Ws para�aph shall survive the terminancn.reiease or fo[adawre af this Deed ot Tn►st. .
<br /> � t�
<br /> � 1S�4AXES AND ASSESS�i79.Grantor shaU pay all taxes and assessrreirts relating to Proparly whan due end irtere�'iately pravi�Lender evi6ence .
<br /> of paytrern ot sarna. Upon the requesl of Lender.G7an[or shaU depesh wRh Lender each morAh one-twelftn(tl12)of the esUmated annual insurance
<br /> ----- pte►�urn.ta�res arnf assessmesits Pettsin(nS to ttEe Property. 30 long as there is no delautt.thase amounts shaU 6e appIIed to Ute paymem ot taxes. � -- - -
<br /> , , � assessrterrts and insuranoa ss tequUed on the Propeny. In the evern ot dotautt.Lan�stiall hava the�i�f,st its aote option.to appry the tunds so hetd ta C ,
<br /> P�Y��ll�or agatnst the Ohligafians. Arry funth app�ied may.at Lenders cpUon.be apptied In�everse ordet of tAe due daie iherecf r
<br /> . � _
<br /> ' � 1& Rd�EC7l0tb OF P[tOPEHTY.BCOK&RECOAOS ANII REPQRTS.Grarrtw sha0 afiow L,ender a its a�ems to eramine and inspecct the Propsrty , ,
<br /> � ` and examine.inspea artd malaa ooptes oi G►anta's 600ks and recoids perta3ning m the Prcperty hom tirna to mre. QrarROr shall pmvida any assistarice
<br /> i requhed hy lendat for ihese purpases AO of the si�aWres and intomr�ion mmained'm C�rmrtoi's books and reoords shali be genutne,true.aaurate and ,
<br /> ; cortqstete in aU respecta tirantor straU note the existence o(LendaPs banefiGa!Urtewst in hs books and ceoords pertairiln9 to the Property. Adc6tioriafty.
<br /> Grantor sha11 repon,in a fortn satisfaaory w landsr.sudi infom�atlon as Len�r ma request regar�n9(irantnr's finandat oondNon ar tRe Properry. Ths .
<br /> ' • inf�n tumished by C,ramor�to Le�sfiall Ea�uue�raoanade and oom�e�te a11�espeets.an�0�ed 6y Grantoh r if�l.en�� y�� �
<br /> � ,c,
<br /> � 17. ES7tiFPEl.CEHTtRCATES.Within ten(10)days atter arry request by lertder.Cirantor shall dafnrer ro Lender.or any irrtended vansfetee of Lendefs � . . �:
<br /> rights wfth�aspecf to ths Qblig�tions.a signed and acioiawisdged staterrertt speatyfn9(a)the outstandmg balance on the ObG�tiotts:and(b)r�hethar + _
<br /> � (irantar passesses a��zrt�.defanses.set�fla or eounLardairt�s wHh respeG to the O�Igaticns m�d.'rf so.tha nalure ot such daUrm.detenses.sets�Ns ar �� . ,
<br />- • ca�mter�ai.�tu.C�r�.viD be candushrety bound 6y any represerrtatlon U�at Lan�r may malaa ta tAe irttended ttansferea with respea to these rt�atters in ` � ', .
<br /> theevet�?���toprovldetharec�estedsffiertosnlinaLrretymaMe►. t •
<br /> �,.
<br /> �z E .
<br /> ? ' . 18r ��J.;.T. Grantor shall be in�fau11 under ihis Oeed of Trust and the Trustee s power sha111�cortm aperative in the everrt ihat Gr�tor.Bwrov�er or f, .-_� _ - - -
<br /> i . . any�*,.broftheOhllga�lotls: F. .. - -
<br /> (a)fails to pay arry Obiig�lon to Lender when�e: `. . : ---�
<br /> - . (b) tails to peAortn arry Qhii9ation or breadms aril►wanaMy or oovenar»w Lendsr coritamed{n this Deed ot Trusl or arry other presem or fuP.se E . .
<br /> _ agreer�r�k i r. � .
<br /> `� . (c)deslmys.[osss or darteges the Pmperiy tn arry rt�amdal cespeA or subjects the Properiy to seizure.oorKiscation.or wndertmaNan: _,: • . �
<br /> ` (d?seeks w revace.temtnafe or otherwise Grrot its ha6itiry under arry guaranty to Lender; � "i i'�,;:
<br />:':' �• (e) �e s.b e e a rt e s t e�y r i n o o r r q�a�t.is dssaNed ar temdtaded beoort�es(asoNeeL rt�aFces en assignmem(or the benefit of aedtors.fails to pay � , :_:�s-,-_�;
<br /> _ �bis as they 6eeortte due.fites a �'' n under the tederai ha►dvuptey lav�s.has an Invoi+mterfi Detitfcn in banw+�ptcll fitsd in whieh Grantor.Barrowar �� , .•�.°:
<br /> '' cr arry guar�tnr is c�d o�h��erty teken undar any writ or�sooess of courK - ..
<br />'. ;: (fl al►ows 9ea�'�s�used.trat�orced or sto:e�cr�.".e Property.ihe possession.transportafion.or use ot whfc�.(s illegai• . ;, ':
<br /> f • �9)apows enY Pa�r'cr5er than Qr�'ar ar Ba:'r�ra�assume or imdertaire atty ObCgaUon�vtihout ffie written conser�t at Lender,or '}1. �, ..
<br /> • (h) c�a.�s e s Lendes ra daem ttseif ir�c+:.-a��a��t�eant dedine in the valus of ffie Proparty:at if Lender.in good faiTh,tor arry reason.be6ev� .�, ,
<br /> — . ' . th�t fl�sa�Spetl of payrtem ar�.ma'r»"s zt�ai:eds. - — ^`,_.
<br /> . . ,�.)G:]� .
<br /> . 19 Rl�liY3 OF LQJDER ON AEFA791'� N the�e"s��+`auit under 2as Deed of Trusl.Lendei shalf L*E e;:3tfed to exerdsa one or rt�ne cf ths toliowit� �:;:�+� • ' •,'�.' Fy-,
<br /> . reme�5es withoul natice or demand(euwpt as rec�ci.�e 5�i J3w): . : � •
<br /> . :.:�:
<br /> `,} (a)fi dedare the OWigadorts irtrred�atety�e ac¢i-,�Jabte in tuli: .: ��-:<�"..
<br /> � - (b)to ooQeet the oulstand�ng 06�gations wiih or wiittout resoning to ju�cial prooess; '-":��`i�
<br /> ,,.`. -- --
<br /> (c) to�ire f3iantor to deliver and rtel�avaitable to Lsnder arry personal propaAy or Chauets constiiutinB the PropertY at a place reasonaduy . . . __'
<br /> comrsnterd to(irarrtor and Lendar,
<br /> . (d) to errter upon and tafm possession ot 1he Pcoperry vrithout applying tor or obtaining the appafmmem ot a rawiver and.at Lendsrs option,to :� �.•,"'
<br /> � appaim a reoel+rer wiS�ou1 bond,w(thoul first Dringfng suit on the Ob�gatlons and without otherwiss maeUng�y �atutory condidons r�frg , - '..,,�
<br /> • ' reaehrera.it 6eing rtiiat�d tAat Lender shali have�:s eontraeoial dght to appoim a eeceive►: . � ;•.;:
<br /> e
<br />_��r ' (e}to ertq�toy a rt��ging agerA o(the Prapernl ati sat the same,either fn Tmstee's own name,in tha name of LEnd2��r in the narte ot dramor,and `
<br /> ''`,��;:',
<br />� . �eoaive the renta,ineomas,issues anS pro5is oY L��?r�perty and appiy the sart�e.eRer payrrmm af all necassary ch.�-,es and expenses,on aoeaum ot .
<br /> ' :i::, tha�ligetlORS: �`� � : .. . :
<br /> � � t��PaY�Y surtd fn arry fortn aa r�-er�r.,ed e�emert by�-r.�r w proied�he ser.�rm�oe�rw Gc�d of Tnis1 or to cure arry�a�H other ihan .
<br /> ' . • .•. paym�em ot Iritorest or prUrcipa�an*za��`..s.s: .
<br /> : `:� . . . :` (9)to toredase this Oeed ot Tnu1 ju�e:aLy or��a;.y�"adally and to�red the sale oi��e pr�^j'�es�t:euerase ct�sf�RaNer of sete as referenced in .. . �:_
<br /> ' '���: Para�aAh 20 hereof in aouordance w�tt�apptFzdab:�w: .
<br /> '::°j ' :. :;.;�`�;�. (h)to set-off C�rantofa OEligations ayatnst ar.y a�nwits owed Grantor bsi Lender ficiudirtg,br,t nol flmfted to.:rontss.instrumsrrts.and deposit . :�;,',
<br /> • • A aaaunta ma3rrtahied v�fN►lender ara:y e�rntyr e�dsth�g or future a}filiate o�lender,and . .
<br /> . � , p)to execcise a0 other d�ts ava�7�LGa to Lender un�r eny atherw�itten a�eamam or applicabF.a taaa � ` �
<br /> � .`�`?'. Lendefs d�s are�e and may�a exerelsed 2ogethe►.separately.ana m any or�r. m ma a,�.�ma��saaer�s�n,res an acvo��ang�t,� . . . " .
<br /> � ���=� reoovery o�arry o!4�e C�roperlyby way ot a prejuq�,Tmm remedy in an action against(iranto►,C�.�r waivos the pasting of any bond whtah rtt�hht ; �.
<br /> ��` othervAse be rec�+ired. i�nder or tenders desi�m���se the Properry at�se19. P+'oce9d5 0}erry Trusl�s r�!e hereunder shail b9 ap{il.�ed � ,:�;r;a
<br /> ,� ftrst,to the aosffi and er,penses of exetdsing the�a�u�ai sala end ot the eate.ir►ciu g Qre pay:rmr�t e!1he Truw~�-+��s�c�s aewally inwrted end no¢to ;v,,:.�
<br /> excaed ths emcurA vrhich may be Provided for in Utis�ed of Trust,second.to paymom ot�he obi�*s secvred�er�,.th+rd to�he paymem ot�' nor . . �i;=•!'
<br /> . trust deeds,mortgages,or oiher Iienholders,and the batance.if arry,to the porsan mpersons teg�fy ertn���ereto. Thepra�aAy ar�ry{iart ihoreof�y '��`••
<br /> ba sold in ona parael,or In sud�p�rmis,manner or ordes as LenQer in its sole dls a e U on may e teet,ertd c7se er more exerdsos ot the perear t�erein g r a m�d • •
<br /> shap nol exdn�ulsh or e�fiausl the pavu�r unless the enlire properry is sold or the obflgadons are paid in SuT. � � ' '
<br /> y�.� �e.
<br /> � 2� Ti{U9TEE'9 Ef�L11SE OF PdYVER CF SALC Qi:t�$AULT: If lander etects to sell GramoPs irrterest in the PreFe�+n/by exerdse o1 tho po�va�ot � ,"�,..
<br /> sale herein oorrtained,le.adar sha0 notity Trustee tn��-,m:er�hen requUed by taw.
<br /> ` '• � Upon ceeeipt ot aueA n�G�9 of Lendes�sd at the dlre�en o!I.endm.i rsistea shall cause to ba reoorded pu�llshed�d d�ivered sufi noUcea of&ifauR � ;, �,
<br /> ''��<' • and rb5�s ot sata as rr�ay fion be re�r�d by law and by this Oeed at 1n:st. T�u�tae shall.oniy at�he�freGion at f.ei4zr and withaut dn�rand on Qrantor, ��'+�
<br />'�tir��' . after sua4i ibnn as r�q•.,l�en ba mqu'►ad 9y iaw and atter r�eordation af Qr9�►nW ce ot detauit and after r.ari�a of sate ciz��g been ghren cs required by lavu. . .
<br />:^,S�i'1� � spil�e Prop9rry af fie ti^�e and pliu�r of sato Nxcd by t1 fi such noUce ot sate,e8hor as who!o or in�a tots or pa.�ds o►ftems as Lender shall daam ',• •
<br /> x•d
<br /> ��• e��1 and in cuah o�eisr as It may�etetenlrie.at pubfxi auqion to the hlghest bdddor for eash in 1 money of the Ur�ed States paya�te af tha Uma o1 •
<br />--,�!` • � sa►a,or es o�erwise r�[y thon 6e required by law. Tnrstea sha:l de?iver to�uch purchaser or pu�asers thereot its gnod and suttidem doed or daeda
<br /> � oomreying the pro�eAy so solQ 6ut tiv(B�oul any oavenant or vrarranty,express or imaied Th�recitais in such deed of any mattere or tads sh�l be � .
<br /> eonewshre proot ot tha lruthAMess thareot. Arryperson,indu�ng,withaul Iimitalion.Grantor,Truo',es or l.ender,may purchase at such sate. TrusteA rtay .
<br /> � in the marmar provida0 by law p�stpons sate o1 aU or arry portlon o}U�e Propeny. �
<br /> 2f, pEDUE9T FOR NO�IfCES: f3rantor re�uests that a oop�/ot any noUee ot detautt and a oopy o�f any notice ol sate hereunder be mailed to each parsan f .
<br /> - vfio Is a paAy hareto at the ad�ess o1 sucfi person set tor11►hereln at the s,ert�e Urre and in the sama rtmnnor requUad as thaugh a separate request f
<br /> thareot had Ceen fifad by each such pe�son. �
<br /> ,
<br /> �
<br /> ' ' i
<br /> _ � (
<br /> ' � '
<br /> _. i f .
<br /> ', i.. � '� t� V�!� .
<br /> -. _. .....• _• ;
<br /> . � NEOOiG Rev.3A6 p�3 d 6 ���--_._ • '-
<br />'� � _ ; '
<br /> ,1 �
<br /> L�r , . _ . . . . . . .. � T�2�!s+1�C.�^p31i79�C^ "
<br /> � 6�' � � . _— . .. � �. . . _ .. T.. _ .i7 �!. . . .... . �. ., ._ . _.. . . ..° .. -:.....
<br />
|