|
„� ' �� ,h`,..'.-1i, • . -:��_.._ _"-._.
<br /> i� . , � . . . � . - .. . _- -rr-�-- __
<br /> y� . . —
<br /> 1'L�y^ - ��'�.i'�� 4 - .. .. . 1 rd,_
<br /> .. I�lI�M?Y1=Aif�. . � .. . � . �r. J�a.�lri,.dfo�'�+,i1�:'�:.���rKr'!�u�i�.._ � t�•Y r _ _ —
<br /> I'
<br /> ..�m � . � .. . _�✓- ._
<br /> =i.¢�e.i ' r � �4i'nry�-.. � ...!��'P>.8-:^.L_, ..;[�i.i�ilb}A�i.�i�"t:'� . _— _ .. _. . _ ___.._�____ .
<br /> .��_
<br /> �
<br /> '� �. _....,+..:,��a�-.....�.""'_...
<br />.' .s r..d..�.....w�.r.'..`li ..... ... �
<br />'z�tKt� .
<br /> ,.tic�.d
<br /> -�-�-���'a'�� ATr ���v • � --.
<br />�.�:��,��, Tfils Aeea�f Tntat shxU xcure(a) tha pnyment of the princinel�sam and intareat evidenced by a pramiesory note(R)or credit
<br /> ogreement(a)ae followh:
<br />_ r•:r n �” Origlnal
<br />:.:t; ;�• Dauof � Princt�al Motudty
<br /> �� Not�{o) MiJcer(e)of Note(e) Amonnt(e) Date(s)
<br /> �""�'• ' . 0�/79/97 DONALD R. OILL, WUABL K. UII.I. 100.00 03/Ol/07
<br />'-����� OS/79/97 DON7ILD R. QILG RND L71NiEL R. QIG6 130,000.00 09/9Y/91 —
<br /> � .
<br />����r.� ind +tny �nd Rll modifle�don.�, extensione+nd renowale thereof or therero and any rnd all futuro advAnces md readv�nces W �
<br /> "=�� Eorrower(or�►y of them If more than one)heteunder pursuant to ono or more promiasory notse or credit agreGm�nts(hercin c�lled
<br /> ;,�^_� 'Noa", whother ono or moro); (b) the p�yment of other sum� advu�ced by Lender to protect the secudry of ttxe Nom; (c) t1x
<br /> ���� . pert'ormuice of all coveninte Nnd agreemenu af Truator eet fonh hcrein; nnd(d)�ll preaent a�xl fi�nue indebte�neas md obU��doua
<br /> � . af Banawer (or any of them if more than oti�e)to Lender wdether dlrect,indirect, abwlute or condngent and whether ari�ing by
<br />. ,�:,�.:,�t' : nota. giiaraaty, ovardrxft or otherwiae. 7he Note,thie Deed oP 7tust �nd any�nsl all other documents thtt eecuro the Note or
<br /> +'�� otherwL�e executed In connecdon therewith,3ncluding wi�hout limiadon guuaateea, aecurity xgraement� and auigrmxnea of Ie�se�
<br />'j����, and reaw,shall be refersed to hereln u the'Lo�n In9uurnente'.
<br /> .:'�=�
<br />_ �!�t•7'��__, Trustor covenana and�gree�with Lendcr xa.°ofloxa:
<br /> _"'�' 1. P�ymeat ot Indebtednw. All indeDtedness aecured lsereby shtll be p�id Mhen due.
<br />'"ti��� 2. Titla Trustor Is the owper af the Prapecty,ha�the rlght and suthodry ta comey the Property,end wurtau that the lien
<br /> ,� creaud hereby is a first �nd prlor Ilea on tho Property, eacept for liens uuf encumbrancea set t'orth by Trustor in wridng and
<br /> delivered to Leuder before cxecudon of ttilsDeed of Trust,and the caecuaon and dclivery of thia Deed of TNSt does aot vlol�u any
<br /> __-,,��� contract or other obli�ation to which Trustar is subject.
<br /> �� 3. Taxes,Asuasmente. To pay beforo dolinquency all wxes,apectal assessm�nts and all other cbuges agun�t the Property aow
<br /> -__ -- or hereafter levled.
<br />:_-�:•�� 4. Insivance. To kap the Property insurcd against damnge by fire, huazds included wiUtIn tho term"eateaded covertge",
<br /> xad auch other haztrds ae Lender may rcquire, in a�nounta And wIW compsaiea accepuble to i.ender. naming Lender u sn
<br /> •-�'�°� addidonal aamed in+iued,with los.s p�yabk to the Lender. In casc of loss uader sucd paliciea,thc Leader is a�rhorIsed w a�ju�t,
<br />--� �-- col.l�ct and compromise.all clwims tlxreunder nnd shall dave the opdon of applying�1!or part of tfie inwraace proceeds(i)to my -
<br /> --_��� indebtedness secured hereby and fa such o�d�r u Lender may deurmu►e,(iI)to the Tn�ator W be uxd for the repitY or reator4don
<br /> of t1M Pcoperty or(lii)for any otLer purpo�e or object satIafacwry to Lender without affecdng tlu:lIen of thi�Deed of Tcust for the
<br />�- 7 tull unount secured hereby before aucd poymen[ever took p3ue. Any �ppGcation of proceed�w indobtedness slutl a�t extend or
<br /> __ ;; �aa�one du due date of�ny paymenW under tlu N�te,or cure,wy default thereunder or hereuudor.
<br />_-_= S. Eacrow. Upon writun demand by Lender.Tivawr ahxll pay to L.endr,r, ia such mtnner�.s I.edder mzy de�ignxte, sufficiont
<br /> .�_"-'�"� ��w enable l.eader to pty as they become due one ot more of tlte following: (i)all taxes�assessmeuta and otllor clurges agalnst
<br /> '� irie Proparry. tdi}the preminma on tne properry insurance requirui nercuu�ioc, +i;ni t�il} iue �,icu�iu►us ur. :sy tu�;...�:� �aatt=:.a. •
<br /> -�„�� roquired by Lender.
<br /> ----=_:� b, M�Wtenana, R�ep�tra�nd CompWrace vdth Lwe. Trustor shall keep the Property tn gaod condition�nd r��piir; shYll
<br /> -°'°'J°��' proar�tly cep�ir, or rcplue any improvement whlch m�y be damaged or desuoyed; sh�tl not copmtit or pemut u►y MxttC or
<br /> = deurioratioa of the Pcoperty; dull cac remove,demolish ar subsunriaily altcr w�y of the improvements on th�PrppertSv;stull aot
<br /> = commit,att�'er or permit my Act to bc don�or upon We Property ln violadon of any Ipw,ardtnanco,or regtelubn;md�hall pay
<br /> aad pmmptly dlschuge it Tcwtor's wst uid expense all lien�,encumbrancce and chugce levied, ln►poxd or �uesxd ag�in�t Cne
<br /> Pcnperty or aqy part tiureof.
<br /> 7. Emfncat Domain. Lender ia hereDy�.uigned all compcnsadon. �w�rds, damages md other paymencv or retiaf(6ereiaafter
<br /> 'Pcoeads') in eomeetion wIth condemNdon or ocl�er akfng of the Property or pare theceof. or for eoavey�ce ia Aou of
<br /> condemnadon. Lender e1uU be endtled u iq opdon to commence. appeu in And prasecuce in ia own mme tny ictlon or
<br /> pcocadinge, �ad shzU also be endtled to make Any compromise or settlemcnt in conaecdon aith such taking or ci�mage. In t6e
<br /> event�ny pordou of the Property is so takea ur damaged,I.ender s6a11 have�he opdon,in lts eale and absolute diecredon,to apply
<br /> — �ll such Procabds. �Rer deducdng therefrom all costs u�d expeuu� incurred by it in coanection wlth such ProceMs. upon any
<br /> �M�edness eecured hereby and in such o�dcr u Lender may deurmine,or to apply oll such Pro¢eeds,aftar suc5 deducdona,to the
<br /> resWndoa of the Property upoa such condidoas as Lender may dcurmine. Any�pp]ieadon of Prceads w iadebtedaess stuli not
<br /> extend or postpone the due dnto of any paymenq unckr the Note,or cure Any default thore�under or hereuader. Any uaupplied ti�nda
<br /> aL�ll bc p�id w Truator.
<br /> — 8. Prr[ors�nce by Leoder. Upon clm occurrence of an fivent of Default lxrcunder,or if Ae►y act is aken or legd praceediaig
<br /> -- commenc�d�dich matedaQy�ffecq Lender's interest ia the Property, Lender miy ia its owa discretion, but without obllgadov to
<br /> -�-� do�o,and without noHce W or demmd upoa Tmstor and without nleasing Tnistor from 9ny obligadon,do uiy�ct rhich Tcuswr
<br /> ha� ayrceed but fiila to do and may alao do any ottxr act it deems necessary w prouct the eecurtty h�reaf. '[tuator ehall,
<br /> imanediauly upon demand therefor by Leader,pay to Lender all costs tnd eapeaies incurred and auma expeaded by Lender in
<br /> coaaecdon aith the exerciae by Leader ot ttn foregoing rights, Wgether N1th intereu thereon at tho dcfault r�te providal in tAe
<br /> -� Note,wiuch sh�U bo added to the iadebtedrass xcured hereby. ➢.ender�ll not incur my liabitity because of anyihing it may do or
<br /> �� omit to do 6eceuuder.
<br /> _ 9. N�zudoui MaterWs. T�ustor stuU kap the Properry in compliance with aii applicible laws. ordlna�es and regulations
<br /> relatina to endustri�l hygiene or enyirunnxntal protcction(collectively ceferced to herein as "Bnvironmenul Lan"). Trustor shall
<br /> — keep tl�e Property frea fcom all aubsances deemed to be t�azudous or toxk under¢ny Bnvironmenul Laws(calkctively refened to
<br /> hecein�w "Hutrdous Mtuctals'). 1Yustor hettby warrnnts wd represents to Leader that thero are ao Haurdas Mued�on or
<br /> �=� u�r the Pcoperty. Truuor hereby tgrea to Indemnily and hold hormless Lender, its dlrector+, o:Pficet�,empbyui Ynd agenro,
<br /> _r.�;,;,i;� uDd�ny euccesfo[s W Lender'�inte[�SY. (rom md�galatit any and all claim�, damages, losse�u�d liabilides arlsing In concKCtion
<br />-���:m„°;;,�� �vitb the preseace.use.di�pos�l or tru►sport of u►y H�zudous Matedils on,uader,from or obout We Property. THB EOREC�OINd
<br /> _ - °=-_=� WA,RItANTI�S AND ItEP►�Ii.SENTATIONS, AND TRUSTOR'S OBLIC3ATIONS PURSUANT TO TFTE FOREGOINa
<br /> _����*,�� INDfiMMTY,SHALL SURViVE RECQNVEYANCE OF'fI�IIS DEfiU OF TRUST,
<br /> '"�'LLL%== 10.Asisnmeut ot Renb. Truswr 6ercby usigns to Lender, and grnnts Londer a securlry intcrest in,all present. future and
<br /> �°;a;�,;;��—�� after-uiaing rents. iasves and profit�of ihe Propertyr; provided that Trustor shall. nntil the occnnence of an Event of Default
<br />--='--`-,:,�c�=� heceunder.have thc right W collect and nuin such cents,issues and profiu as they become due and payable. Upon the occnrrence
<br />_�—..__,e;� of an Event of Def�ult, Lender may, aitlier in person or by agent, with ur without bri��ging any acuon or proceeding,or by a -
<br /> _--. = Rc�irar��omied�y a caun ann wimouttcgam cv ine rdequaey oi iis xcuriiy,eniar upon anti iaic poaseeaivn oi me i-eupaiy. or _,
<br />-�� ' u►y put thereof. in ita own name or in tlx name of the Trustee,and do Yq}r acts which it deems oecea.sary or desirable to preserve =
<br /> � • the value,muicetabiliry or rentability of tae Property,or any put thereof or inurest therein,or to inctezse the inco�ne dutefrom or
<br />:`,`�`,';�'r.�,� prooect tha secuxity hereof aad,with or wnhout taking possessioa of the Property,sue for or otherwise co�lect tlx rents. icnica and
<br /> � : �:..�� profits tLen�eof, includi�g those pa.st du� �nd uopaid, by�iodfying tenints to make paym�nta to T.���der. I.�nder may apply rente, �
<br />.'�'':� ��,,,;i�,�' fssne�u�d profits.tess costs uxl expw.�ce�of operation md collectiun including attorneys'fees,tu any i►xlebteeintu secured hereby,
<br /> : :�;`. ; all in such order as Lender may detetmin�. 'ihe entertng upon anxf taking possession of the Pcoperry, We collation of such rents,
<br /> iuues and profiv, and the xpplicatian thereof is oforesatd, shall not curc or waive any default or aotico of default hereunder or -
<br /> . . � "�`y ', invalidata any act done in resp�nse to suc6 default or putw�nt to suCh nodce of defvult u�d, notwithstandi�g�he continuu�ce in
<br />, . . pos.uuiou of the Property or the collecdon,rtceipt and apptication of rents,issue�or profia.Tcustee and LeixYcr shatl be entitled to
<br /> �� ��'L exerciie avery right provided for in any of the Loan Instrumenta or by law upon occunence of any Bvent ot Def�ult. includin�
<br /> � •x�� without limiadon thc right to caercisc 1he powcr of salc. Furthcr, x.cncicr's riglus nnd remadics undcr thi�piragraph sh�ll bc
<br /> ���`"�` � cumuladve with. and in ra w�y a limitatbn on, Leixier's righta and ramedies undcr any assignnx�t of le�sea tnd tertt�rceorded
<br />`,���`�'� ogainst the Property. I..endcr,TiUStee and U►e recelvcr ahtll be liable to account only for thosc rents actually receiv�d. _
<br /> ;�
<br /> �. � N�CH11�VW.���1 M.OIM
<br /> I111 Nf.W�ld tlren�1Tr W G�yp�uu Wk�u�d�herls
<br /> � •
<br />
|