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<br /> o7-�z4-1o97 DEED OF TRUST Pege 2 �e . , � `�'''�';�"°,;
<br /> Loen No 6014618 g?a,1(��' Q'j (Cont�nued) _
<br /> iloble Indlvldualy or Jolntly wllh others, Whether oblipeled te pulir�nta or olherwfs�,�nd whether recovery upon sucfi Inc+obledness may be or
<br /> h�rMfNN rMy b�CatlM btrnd by Iny sl�tute af Ilmltatlons, lnd whother b�ch IndeDtedness mey be Or hereafter may beCOme othenvise
<br /> un�niorce�ble. � . -
<br /> ��nd��. Tha wad'Lender"me�ns DOUOLAS COUNiY BANK 6 TFtUST CO.,Its sucassoro and�sslpns• , _
<br /> Nol�. TM word"NOte"mNn�Ihe Note deted July 21,1997,In the principel emount of S3Q,000.00(rom Bonowsr lo Lender, , ' _
<br /> t iher with �fl nnewtie, exlenslons,modiA;,�tlons, reAnanClnp�,�nd aubslitutlon� for Ihs Note. H07ICE TO 7RUSTOR: TNE NOTE
<br /> C�HTAINS A YARIABIE INTEAE9T AA1E.
<br /> P�non�l Prop�rty. 7he wada"Persoul PropertyP me�n �II aqulpmenl,(Ixtures, and o►hor a�ilclo� of porsonal proparry now or hereefter t
<br /> ownW by Trusla, �nd now a hereaftK�t►ached or aMxsd to the Reel Property:topether with �II accesslana, p�rts, and edditlons to, �II
<br /> rep4aments ol, and all subsulullons la, �ny of such prop�rty; and topether wlth dl prxeeds (Includlnq wllhout Ilmllatlon nIi Insurence ,
<br /> , , p�a�ods and refunds of prsmlums)hom�ny eale or other dlspo�ltlon of fM Property.
<br /> Prop�►ry.The wad"Property'meens collectively the Re�i Properly and the Pernonel Property.
<br /> pe�l p�operty.TM words"Real Propery'menn the property,Int6restt and rlyhts descrlbed above In the'Convoyance and f3rant"sectlon.
<br /> Ftet�t�Doct�mMlt. The words'Releled Doauments'moun and Include wlthout IlmlteHon ell prarNSSOry notes, credit aqreements, lonn �
<br /> ayrMments,snvironmenlal tpreement3,puarnnties,secuiiy sgreements,mortQtqes,deeds of trust,and au othor InstrumoMs,agreemenls and �k, ,.
<br /> 't�. .
<br /> documenis,whether now or hereelter ebsting,executed In connection wlth lhe Indabtedness. „�a'r�c�, .
<br /> f�:,. +{, ;. q,�.
<br /> Rentl. The word"Rents"menns ail presenl and lutura rents,revenues,Income,Issues,royatlies,profils,and ather bonolil6 derived hom the i�r • , ,,. __ ��.W_
<br /> Prop�rty. -
<br /> Truqe�.The wad Trustee"means DOU(iLAS COUMY 9ANK a TAUST CO.�nd any eubstltute or successor trustees.
<br /> Tntrior. The wad Trustor'means any nnd ell persons and enfltbs execulinp this Deod of Truat,Includirp wlthout IlmftaHOn all Trustors n�med �
<br /> above. Any Trustu who slpns thls Deed of Trust,but does not sign tM Note,!s elpning thPo Dead of Trust only to grflnt and convey thit ;�,
<br /> � Trustor's In►eresi In ihe Real Property and to prant e secudty Interest In Trusio�s Interesi In Ihe Ronts end Personat Prop��ty to Lender nnd is net ;::
<br /> � peno��Y I:abb under the Note except�s otherwise proWded by Conhncl a law.
<br /> THIS OEED OF TRUST, INCIIJ�INti THE A88�(iNMEN7 OF RENT9 AND THE BECURITY INTEREST IN THE RHNTS AND PERSONAL
<br /> PR�PENTY,IS OIV@N TO SECURE (t) PAYMENT OF THE INOEBTEONESS AND (2)PERFORMAHCE OF ANY AND ALL 08LIGATIONS OF
<br /> BORROWER UNDER THE NOTE, THE iiELATED DOCUMENTli, AND THIS DEED OF TRUST. THIS DEED OF 1'RUST IS GIVEN AND � ,
<br /> ACCEP4E0 ON THE FOLLOWINti TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. T�ustor wenanb th�t: (e)thls Deed o�7rust is executed et Bortawer's request and not at �
<br /> the reqwst of Lender; (b)Trustor has ihe luu power,riphl,end au�horlty to enter into thls Deed oi Trusl and to hypothecate the Property; (c)the �
<br /> , '�, provlslons ot thds Deed of Trust da not conflkl with,or reeult In a detault under any aqreement or other instrument bindinp upon Truslor and do not
<br /> � • result In i vlditlon of any law,repulatlon,caxt tlecree a order appllcablo to Trustor; (d)Trustor has established adequate means of obtelninp hom �—
<br /> Borrower on t conlinulnp basis Inlormetion about Bortowers Nnancial condition;end (e)Lender h�s mada no representation to Trustor about :.t�
<br /> Qorrowsr(Inciudinp without Ilmitatlon the Cradtworthlness of BoROwer). �' • ���
<br /> �` TRUSTOR'S WAIVHRS. Trustor waives ali�phts or delenses erislny by reason oi any"one ecflon"or'antl-deflclency'law,or any other Iaw whlch "�;Mi��' :!�=�.
<br /> � a� �„ , ,.�i� �i i__ -�`::
<br /> may pr�vent Lender hom brinpinq any�ctlan�pamst i rusior,inciudinp a ciaini iw u'�Si:i'vr�y to ihs exis�.L�"..^''0.!:8•..•.s e••l.i.°�f��rl�lm ror ._-3�� __
<br /> Aeficiency,botore or atter Lender's cammencement or completlon af any toreclosure tclion,elther Jud�ially or by exercise of a power of sa!e. ::_
<br /> PAYMENY AND PERFORMANCE. F�ccept�s otherwise provlded In thy Deed ot Trust,Borrower�hall pay to Lender all Indebtedness secured by ;�
<br /> this Deed o�Trust te It becomes due,end BoROwer nnd Trusla shali strfctly pertorm all thelr respecHve obupations under the Note,this Deed ol ,,, +,
<br /> Trust,end ths qeltted Dxuments. �"�
<br /> �..
<br /> �, POSSE9SION AND MAIMTEHANCE OF THE PFtOPERTY. 7rustor and Borrower aprea that TrustolF possessfon and us9 0}the Property shall be • ..
<br /> '� ',.� poverned by ihe tollOwinp provislons: I�
<br /> ,��,..
<br /> po,•oe•IOn end U�s. Ur+tillhe oa:urrence oi an Event of Delault,Trusta msy (a)remaln In possession and controi of the Proporty, (b)use, ,�
<br /> , . ' aperate or man�0�the Property,and (o)aollect eny Renri hom the Properly.
<br /> �. Culy to Me1�tMn. Trustor shnll mclntaln the Properry In tenantabte condlHon and promptly peAorm nll repetra,repincements,and roaintenance
<br /> nsoeseary to pnssnro Its value. r.�
<br /> � ,. H�mdous Substanee'. The terms"hatardous w�sle,"9�azardous eubst�nce,""disposal,""rebnas,"and 9hreaterted rel�se,"�a used In thb =,
<br /> �; Oeed oi Tnnt,shaM have tM same me�ntnpa�s eel forth In the Comprehenaiw Environmsnt�l RrspAnss,Compsnsa8on,and Ll�blllty Act of �.�-
<br /> �•• 1980,sa artNndad,42 U.S.C. SecHon 8801,et seq.("CHRCI.A"�,the Sup�rfund Am�ndrt�nb and Retuthoriutlon Act of 1988,Pub.L. No.
<br /> ' �'! 99-+t99('SARA'�,lhe Haurdous Mateikls Trcnspat�tion Aot,49 U.&.C.SeoNon t801,�t aq.,tM Reeourc�ConsarvaHon�nd Recowry Act. !�:- -
<br /> '� ' 42 U.8.C.SecNon 6901,st s�q.,a other eppl�atb state ar Fsdenl lawe,rula,or npu4Bons tdopted purswnt to any ot tt»fonpolnp. Th� t'`
<br /> terms"hrurdous waate"and"husrdous substance'ahall also Include,wlth0ut Iimltaflon,pstroleum I�nd petroleum by-producb or tny hac8on � _
<br /> thKwt�nd asbatos. Trusta represenls and wert�nls to Lender that: (�)Dudnp the pertod ol Tn»ior'e ownerahip of the Properly,thern h�s
<br /> bMn no use,penenl►on,m�nutaclure,tlorage,treelment,dlspostl,releaes or throetsned roloase ol any hau�rdous w�ste or eubsttnce by any �;'�-
<br /> p�non on,undK,�bout or kom fM Pioporty; (b)Trusta has no knowledp�of,or nuon to be�kvs lhtt thero hss bwn,�xc�(si�s pnvlousty
<br /> � dlsclos�d to and�cknowtedqed by Lender In wrltlnp, p)any uae,penenilon,mtnulncturo,etonQe,ire�tmsnt,dispoaal,rN�as�,or thrott�n�d �'_`�_�
<br /> os d
<br />- retMS�of any hetirdous wesle or subs�nce on,under,about or from the Propsrty by eny prior Owners or oCCUpRnis of the Propnrty or (Iq any
<br /> actual or thre�tened Ilflpatlon or cleims of any klnd by�ny person retatinp to such maRers;�nd (c)Except as prsvlousiy dlsclosed to end
<br />_•� acknowkdfled by Lender In wdtinq, p)nelther Trustor nor any terunt,contrtctor,apent or olher aulhorized user of the Prcpery shcll use, --
<br /> wkd
<br /> yenerat�,manufacture,atore,tront,dispose of,or relense any harardous weste or substance on,under,�bout or hom the Property rnd (II)any
<br /> auch activiy shttl bs conductnd In compliance wlih ell�ppl�able ledenl,state,and Ixal lawa,regutetions and ordlnances,Includinp wlthout •
<br />- � timlktlon thos�Iawa, reputalions,cnd adinences desCribnd�bove. Truator authorizes Lsnd�r and Ih ayents to enter upon the Property to ,,:" �'
<br /> �• � m�ks such InspaCdons and tests,at Trustor'e expense,es Lender may deem approprl�fs to determine compllance of the Property with this ::�
<br /> secNpn of the Desd ot Trust. Any Inspecuons or tesls mede by Lendar ahan be for Lender's purpasas oniy and shali not be construed lo create rt.:����,� ��.•.
<br /> sny responslbllity a Ilebllity on the pad o�Lender lo Trustor a to eny other parson. The representaHons nnd wertantles Contalned Aeraln are j�,�;;.,.,;r;;='. -
<br />- bts�d on Trustor's due dlilpencti In Invest►gatlnfl tAO Property for hezardous kraste and heiardous subst�nces. Trustor hereby (n)releases nnd .
<br /> walu�es�ny fuluro clalms ayelnst Lender tor Indemnlly or contributlon In Ihe event Trustor becomes Ilable tor cloanup or other cosls under any , `�Y'_���;�t� ,
<br /> such laws, and (b) agreos to IndernMy and hoid harmtess Lender egelnst eny and ail clalms,iosses, IIebIIIHes, damapes,penalttes, and • ,.,.ti.��;.
<br />- expenses whlch Under me/ directty or Indlreetly susteln or sufler resultinq from a broech o} Ihl4 secHon of Ihe Deed ol Trust Or as a •.''r:t•'
<br /> cons�qwnw ot any uss,qeneranon.manufaoture,etonps,dlsposel,rel�a��or thrs�ten�d rof�aso ocauMnp prior to Truator'd owrtetshlp or .�„`'.'�`.:,
<br /> Interssl In tM PropKly,whether a not pie same was or ahould have been known to Trustor. The provlslons ot thls sscHon of tfs D�aO ot Trust, :.�� � ,
<br /> Indudinp the obllq�don to Indemnlfy.shnll survive Ihe payment of Ihe Indebtedness and the earisfecdon�nd roconvsyancs ot the Ilen of thls '
<br /> Deed ol Trust and shall not be eflected by Lender'e tcqulSitlon of eny lnterest In fhe Proporty,whelher by foreclosure a otherwise.
<br /> NubenCe,Wate. Trustor shall not ciuse,conduCt or permll any nulsenCe nor commll,permit,or suNOr any strippinp of or weste on or to the �
<br /> • riqhl�to�remove any timber,mfner�a s(�Inci d'Inp oU'an�d p s),soell�p Ivel a rhoCk prod���wrlthoW the priw wriRen�consenf of Lendeher perty the ,
<br /> -
<br /> a.�,�nv,�nt tMerev.nsentL Tru�ror shall not demolish or romove eny Improvemenb from the peal Properry withou!the prior written eonsent
<br /> - . of Lsnde�. As i Condillon to the removai of eny Improvemenls,Lender may require Trustor Io maka trcanyemems sansieciory to�anaer�o - �- _--•—- -
<br /> - repltCe tuch Improvamenf�with Impti•avements ot nt leest equal velue.
<br /> - Lendar'�Rlyhf to Enter. Lender nnd its agents and represenfatives mey enter upon the Renl Property et alt rensonable times to atlend to
<br /> Lender's Interesh�nd to Inspect the Pioperry lor purposes ot Trustor'e compllence wlih the terms�nd oondltions of thls Deed oP Trust.
<br /> ICom�tUnce wlth(iovemmental Requlrementa. Trustor sheli prort:?tly comply with etl laws,ordinonces,end reguleltons,now or hereafter in ,
<br /> — I uiiuvf, ui�iii yo:Nnma,-�:���:`��:�=��i•r'V•"•�•� '� •~� �=� C.'N':'-rCn-;, nl Rhn P�nne.lyr. Inrh�rllnr�wllhmit IImIMNOn. thw Am�rir.�na Wlth I
<br /> �IS�bIIItNs Act. Trusta mey contpst N good telth eny such taw,ordirnnce,or repulctlon and wtthhold compllence dur�np any procaedinp, I
<br />-, � Ir�yudinp epproprl�N�ppeels, so lorp�s Trustor h�s noUAed Lender In wrlNnp pdor to dNnp ao and so lonp es,tn LendePs soie opinlon,
<br /> � Len.isr'e Int�rosts In fhe Properry ere not�eopardlzed. Lender mey require?rustor to post edequato secur�ry a s surety bond,reasonably !
<br /> ! seusT�rlory to lender,to protect Lende�s Interest. �
<br /> `� i Duly t0 PIO�eCt. Trustor flproes nelther lo ebendon nor leave unaHended Ihe Properiy. Trustor shall do all olhsr eCls,In addition to Ihoso acts �
<br /> sel fcxth�bove In Ihls seatlon,which trom the charncter end use ot the Property�ro reasan�bty necessary to protoct end preserve the Properly. �
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